Dinar Observer Daily

Pimpy – Dinar Guru   Article: “Dollar price close at 150 thousand dinars in Baghdad”   For every dollar you get 1500 dinars.  It’s going in the wrong direction.  This means people are losing faith in the dinar and they’re getting away from it by grabbing US dollars.  You don’t want that to happen.  You want people to stay confident in their currency.  The government is going to have to do something about that and I think we’re going to see that real quick.

Mountain Goat – Dinar Guru  Article:  “PARLIAMENTARY ECONOMY: THE STREET WILL EXPLODE IN THE FACE OF THE GOVERNMENT IF THE DOLLAR CONTINUES TO RISE”   Quote:   “...the Iraqi market has been witnessing great confusion for days due to the instability of the dollar exchange rate…”   …How long will this devaluation continue? When will they finally delete the zeros and issue the lower denominations? When will they realize this is part of the problem and holding them back.

Pimpy – Dinar Guru    Do I think the rate is going to stay where it’s at?  Hell no it’s not.  Not for no damn three years.  Is it possible?  Of course it is but I don’t see it.

Holly – Dinar Guru   Monday Rv News:  The bonds are still paying out this week. We have to see how far along they get to see if the final release can happen. It is too soon right now to tell where the process is. More news will come in later. This is what we are waiting on...This is a transition not a transaction! Never, ever give up!

NORV – Dinar Guru   Article:  “The Central Bank feeds electronic payment cards at the official rate of the dollar”  Quote:  “The Central Bank of Iraq announced, today, Monday, that all requests to purchase the dollar for the purposes of travel, study and treatment abroad will be met by feeding electronic payment cards (MasterCard and Visa Card) at the official price specified by the bank.”  …the CBI using Visa and Mastercard to issue dollars is a violation of the IMF’s liberalized exchange rate regime. This will prevent them from acceptance into Article VIII if desired. It will though help curb corruption. So it’s a catch 22… violate rules to curb corruption or continue with the corruption and meeting IMF conditions.

Dinar Investor – Jeff  Article:  “Talabani meets Al-Kazemi and asks him to adopt the latest agreement to solve the problems”  This is in regard to the implementation of Iraq’s budget.  They want everything done and happening per Iraq’s constitution.  They [Iraq] want Kurdistan to send their oil money and oil to Baghdad and then they [Kurds] want Baghdad to send their portion of the ’21 budget to them...both parties have said that they’re ready to do it.  They’re talked about maybe doing those steps this week… Article:  “Oil and Gas Law”  The oil and gas law is post rate change.  This article came out today (6/6/21).  We are getting these types of articles every week…

Kaperoni – Dinar Guru  Only with the growth of Iraq’s economy can the dinar go up in value. Iraq has work to do in order to build a prosperous private sector/ market economy with foreign investment… Hopefully they are beginning to make progress. Hang in there.

RVAlready – Dinar Guru  Question: […when do you think the RV will happen?]  I think it will happen when everyone thinks it is safe to do so. I could hope for next week, but we will have to see.

RVAlready – Dinar Guru    Question: [Seems that all of these countries are talk about their future digitized currency. That’s all great but we’re still holding onto Fiat currencies from several countries.. when are they planning on having us send these paper notes to them?]   I think any country that terminates a currency has to give you a couple of years to cash out. Most countries will probably just cut back on printed currency, and let attrition happen naturally.

MilitiaMan – Dinar Guru   My view, is with the massive amount of data we have been showing in articles with links to support the view, is that they are ready and are heavily pressured to go to a market economy… my view is I expect a strong ( like never seen before, as noted on Iraq TV.) international rate to be gamed off the devaluation with the help of the local bankers and traders who are fully aware of what is going to happen next. We have data that supports them saying so…Let’s see what they do next!

Mountain Goat – Dinar Guru   Article:   “ECONOMIST: THE GOVERNMENT’S JUSTIFICATIONS FOR RAISING THE DOLLAR EXCHANGE RATE ARE FLIMSY”   Quote:  “…in a statement to the “Information” agency that “the currency auction did not decrease in its sales”
…the currency auctions have ended….Not according to this article.

Breitling – Dinar Guru  Question: [Do you have any idea of timing (of dinar RV)?]  Iraq is in that zone right now.  Iraq is doing everything they can to get the way they technically handle their currency from the bank all the way down to the citizen…they are very very motivated to add value to their currency.  They want it more than anybody.  They want to get from under the dollar and they want to participate, not what’s going to happen in the future, right now…they need to add value to their currency…it’s coming…all the confidence in the world.

BobTheTaxMan – Dinar Guru  Taxes are always going to be there. There’s no way around it period.  47% taxes on windfall gains...let me tell you, that number is changing.  It’s going to get higher particularly into the new current administration because you can expect some major tax reforms…I want you to understand…where our taxes are going under this current administration…not saying condemnation against them…pendulum swings both ways.  At the moment it’s swinging this way…with these anticipated changes for the future you really need to take the time to re-look at what your plan was... [NOTE:  At the appropriate time consult your tax professional about your investment and tax liability.]

Pimpy – Dinar Guru  They can fuss all they want about the rate.  I don’t think their rate can stay the same for what they say, 3 to 5 years. It’s not going to stay that long…if…they keep having a surplus and oil prices continue to rise I don’t think it’s going to take that long for them to really start to recover.  The money is being used for all the right purposes at the moment…

Dinar Investor – Jeff   Article:  “Al-Kazemi:  Iraq is on the path to economic reform”  They’re on the path for economic reform but they’re not able to implement economic reform…Why can’t they bring the reforms forward?  What are they waiting on?  What do they need?  Again, the reforms themselves are waiting on the rate change.

Pimpy – Dinar Guru  Rumors…you guys need to be careful…yes I heard all the rumors.  I heard about the rate change.  It’s not true.  No rate changes are taking place…we know there’s a lot of talk about the rate change.  There’s a group of people saying that this [devaluation] should not have been done…it was done illegally and there’s a lot of talk about it being fixed.  I do think it’s going to be fixed.  I do think it’s going to change.  I really do.  But not anytime in the immediate future.  But I do think it’s going to happen sometime this year.  It just depends on what’s going on with these protesters and the civil unrest…

Holly – Dinar Guru   I am remaining quiet and allowing the process to unfold. This is our week…

Pimpy – Dinar Guru   Article:   “Advisor Al-Kazemi reveals that there are 50 Trillion dinars outside the control of the banking system”  I think they’ve only printed out 55 trillion.  That means they control 9% of their money.  This is not good…it looks like we’re heading down that path that we do not want to be in…

Dinar Investor – Jeff    Article:  “A proposal to raise the exchange rate of the dollar against the Iraqi dinar again”  …devaluing the dinar improves the economics for the government of Iraq.  Obviously it hurts the people because the cost of goods and services go up in value but devaluing the dinar definitely helps the federal government.  That’s why they’re doing it…recent articles from parliament finance committee have come out suggesting that they would like to consider using the current exchange rate for a long period of time.  Roughly three more years…

MilitiaMan – Dinar Guru   “a large number of industrialists will start operating their factories when they are allowed to open credits with a subsidized dollar.“… Think about that. … “Also, selling subsidized dollars to industrialists on the condition that documents are opened through banks will greatly encourage the stalled factories and speed up their start-up, which ultimately leads to alleviating the unemployment problem that has become constantly exacerbated.” …They are going to a market economy. …”The “industrial dollar” contributes to reviving the national product” …They are saying a rate change is coming…

MilitiaMan – Dinar Guru    …According to a central bank statement, “The Governor of the Central Bank of Iraq, Mustafa Ghaleb, held a meeting with the World Gold Council at their request,”…Looks like things have been achieved… Increase in foreign reserves… After implementing recent reforms… Technical support and training.. That reeks of USA helping out!! Just like they said they would!!  …This week suggests that the UST and major players are all on a level playing field…We will know when the playing field kicks off… Digital is instantaneous.. all boats rise with the tide.. SDR is over $1.44 today…I have always maintained the longer it takes the more money we make…SDR tide is rising…just wait until the IQD is placed internationally!

Mountain Goat – Dinar Guru   The QFS is running the rates and updating them once again. This does not mean an RV is imminent. …This occurs frequently as they are setting this up for the global reset change. We can probably expect the rates to go up. Remember, however that we can not yet exchange at these rates and so they are nothing more than curiosity. Iraq is still under OFAC sanctions and is not yet trading on FOREX.

MilitiaMan – Dinar Guru  In my view, there is nothing to suggest that we have to wait for elections.  We wait just as the world does wait for the mechanism to be exposed…The CB [CBI] will be giving special low prices for the dollar.  In other words a rate change is coming…

Frank26 – Dinar Guru   I’ve always said from day one…you’re not going to get the economic reform until you get the monetary reform…

MilitiaMan – Dinar Guru  Article: “The Dutch Disease and Iraq’s Foreign Exchange Rate”  Quote:  “Had the dinar exchange rate been determined…the rate would have been much higher because of international demand for its oil.”  This article tells us/me…they can and could support an exchange rate for our benefit and one that would benefit the citizens and bring purchasing power!  Quote:  “therefore, it’s high time now to adopt a flexible exchange rate…”  All the things we are seeing now points to the digital transformation and going to a less cash society with purchasing power is coming to Iraq…

MilitiaMan – Dinar Guru   The mechanism is the exchange rate in my view. They want what everyone wants. The transformation digitally is on going with the Arab Summit taking place through tomorrow…When Iraq has everyone on board and compliance ready, they’ll jump start the reforms and f ast, imo…The digital roll out is the level playing field.  It is the mechanism that will trigger a massive global change. imo So be at peace, as change is coming….Get ready!!! 

Mountain Goat – Dinar Guru   Article:  “PARLIAMENTARY FINANCE TALKS ABOUT THE CONTINUATION OF THE CURRENT EXCHANGE RATE OF THE DOLLAR FOR THE NEXT FOUR YEARS”  Quote:  “…setting up a schedule for four years to normalize the exchange rates of the dollar is illogical and contains many inaccuracies…”    …They are not saying that the devalued rate of the dinar will remain for 4 years. The finance committee is apposing this move and says it will be subjected to “annual” evaluation…

BobbyC – Dinar Guru   If those HD’s…(250 to the 50K note)… are kept in the market, along with the supposed LD’s of IQD, let’s say 1 to 50, it would be mass confusion… My thinking is Iraq will re-denominate before new LD’s are issued. Gives weight to Iraq wanting to go from Trillions to Billions…

Mountain Goat – Dinar Guru   So, the recent news from Iraq is all good. They are telling us they have a $15 dollar surplus per barrel of oil.  WOW!  Remember they can not now tell us they don’t have the funds to more [move ?] ahead with the project to delete the zeros…We can feel that something is just not right and the CBI is planning something BIG with the currency in the near future. I say NEAR future because we also know they cannot continue much longer in the monetary policies they are now implementing…

BobbyC – Dinar Guru  …Whichever Float/PEG they determine is an after thought for our end game. They’d be stupid to de peg from the USD if they go International…The IQD will be in a basket pegged to the USD for protection.  Years down the road when they can manage it, they will float. [USA BUCK …..remains world standard] Yep and that’s their protection factor because USD is OIL and OIL is USD 🙂