Dinar Observer Daily

Pimpy – Dinar Guru  …A lot of you brought it to my attention that yes indeed we know Al-Kazemi is not here with Trump like he was scheduled to be here but Trump had postponed it.  I don’t think they set a date yet due to everything that’s happening here in our country.  There’s a lot of instability.  They’re using corona as an excuse.  But, yeah it’s going to happen.  I wouldn’t worry too much about it.  This give Al-Kazemi a little more time for him to hammer out his issues with Kurdistan and for them to just go ahead and continue to make big strives and do what they need to do to get their sovereignty back…the problem is now we’re hearing little bits of good information every day so it kind of gets old.  I think a lot of us are just like come on man just make it happen already!

Mountain Goat – Dinar Guru  I told everyone weeks ago to bash your hopes of any RV during the month of July. There are way too many pieces still to fix and work out prior. But I know for a fact the project to delete the zeros is going to take place sooner than later. They are also planning a new CBI governor replacement.

BGG –   Article:  “Minister of Finance: 300 thousand “space” employees in Iraq”  Quote:  “Allawi explained that the issues that were buried because of the large and growing oil revenues are now evolving, and this includes payments for an estimated 300,000 “ghost” or fictional employee ”  This is probably more accurately translated as “Ghost employees”, a corruption issue for a long time now and one of the big reasons no one wants to just give them money for “salaries”.  It would all go to these corrupt politicians via this sham payroll scam.  The good news – the MoF is going after them in an open, honest, legal fashion.

Pimpy – Dinar Guru    Question:  “[What are the] best places to turn in foreign currency?”  Foreign currencies as long as there’s no restrictions on them you should be able to turn them into your bank…just ask them in advance…just say, ‘If I bought foreign currency and I needed to exchange it can I buy it and exchange it here?’  If they say what kind of currency just say “any kind”.  Don’t tell them anything specifically because Iraq has restrictions on it and they’ll say no they don’t do Iraqi dinar.  Just hang tight and once the restrictions are off then consider that…

Adam Montana – Dinar Guru   Iran isn’t the only place Iraq and Kazzammie are working. We’re also witnessing positive Saudi news. We also have news regarding Iraq’s oil exports… and they are NOT complying with the OPEC+ agreement. It was my opinion all along that they would not comply with that agreement… they are nodding “yes”, but doing exactly what they want at the same time. Iraq is moving forward, they are strengthening all aspects of their situation… and that is GOOD for us!  …Go Kazzammie, go HCL, go Iraq…GO RRRVVVV!!!  [post 2 of 2]

Pimpy – Dinar Guru  …For those of you that don’t know they switched Al-Kazemi’s meeting from July to August.  It’s coming up here very shortly.  I think it was supposed to be yesterday but there were some delays and now Kazemi will be over there [Washington D.C.] in August…

Adam Montana – Dinar Guru    OIL – over $40. Good enough! …OIL is the reason Iraq has this unique opportunity and it’s the foundation for their wealth – past, lost, present, and future.  If Iraq didn’t have the natural resources… The opportunity wouldn’t be here.  But, they do, and we are here. …Iraq has successfully migrated from the place where Iran was manipulating them, to their current position of strength with Iran.  Iraq is no longer a puppet of Iran. This is one of the best possible scenarios for us! I wouldn’t say it was mandatory for a progression of the RV timeline, but it’s most certainly a positive thing!   [post 1 of 2]

Mountain Goat – Dinar Guru   This period we have seen many negotiations between Saudi Arabia and Iraq.  As a result, they signed investment agreements on energy and sports, the kingdom’s state TV reported on Monday…It was also announced this week that Iran and Iraq are close to reaching an agreement regarding foreign currency exchange between the two countries. This is part of what will get us the revaluation of the Rial and Dinar. They need to put all trading partners on a level playing field in the middle east if there is going to be peace. Hang in a bit longer.

Petra – Dinar Guru  They were targeting the 15th for him [current CBI governor Allaq to leave].  Obviously there has been a delay or two.  IMO it could be that he needs to get money positioned around the world so appropriate things can happen – they can make the rate change…currency has to be moving to change value…

Delta – Dinar Guru   …the Central Bank was saying printing the currency is not for the government spending. …The central bank is basically telling everybody yes, we did print currencies but that currency we did print, they’re not for the government.  In my speculation.  IMO those are the lower denomination that of course all of us are waiting for...

Pimpy – Dinar Guru    Article:   “Iraq receives international support to remove its name from the list of high-risk countries”  Right here we have one group of people saying they have removed Iraq off a special list blacklisting them and then we have the EU saying they have blacklisted them.  Here’s the thing, don’t be confused by them.  All that’s really gonna matter is what Trump says... Quote:  “..Iraq receives support from some European counties to remove its names from the list of high-risk countries.”  This is good for them…one group said let’s remove them.  The other group said, no we’re gonna keep them on there.  Now we have this...it looks like indeed they’re about to be removed.  So this is all good news.  This is what we’re looking for.  This is a step in the right direction.

MilitiaMan – Dinar Guru  Article:  “Parliamentary Finance warns of financing policy through the cash issue” Quotes:  “There is a difference between printing the currency and the new monetary issue…”; “monetary issuance is one of the solutions for financing the deficit...”     If these guys can be any more confusing than they are now, they will…They tell us the good and the bad. The good is what I focus on… It is the obvious now.. imo…The are talking about the new monetary issues. Different categories (NSCNs), as a solution for financing the deficit, as developed countries do!

Frank26 – Dinar Guru   …Iraq can now use their own currency to buy, sell and trade with their currency internationally – globally on all continents.  What’s missing?  The announcement that they raised the value of their currency… right now we are so close IMO…the new rate will be announced on the date that the white papers have agreed upon.

Pimpy – Dinar Guru   I don’t know about you but every day I’m looking at the news I’m just excited.  I’m waiting to hear when Al-Kazemi is coming over here.  I don’t know if they set an official date.  I think the official date is for the 22nd, 23rd.  Either way I think it’s next week.  Like I said it seems to me like they’re lining up all their ducks.  A lot is getting accomplished before Al-Kazemi comes here.  Our big hope is that they go ahead and reinstate the sovereignty of Iraq.  But more importantly removes the restrictions off their currency…it looks like everything is lined up the way we want it to. This is good news.  I’m excited about this.  It seems like we are very close to achieving our goals…hopefully with the rate that all of us would be very very happy with…

Pimpy – Dinar Guru  …an article came out by an economist… making a suggestion…about the dinar rate and the deletion of zeros… Article:  “A deputy presents a roadmap to solve the financial crisis in Iraq”  …He is making a road map to where they think they need to be in order to get them where they need to be as a country…we know for every 1 USD you get 1190 Iraqi dinars…   Quote :   “ Exchange rate – begin to gradually reduce the Iraq dinar price to reach 1500 dinars against the dollar until the end of the year 2020…”  So if they increase the amount of dinars we get for every 1 dollar, that’s obviously bad for us.  That means they’re lowering the value of the dinar.  The smaller this number gets, the better it is for us. So they’re saying they wanna increase the rate to 1500 dinars against the dollar until the end of the year 2020 and then review the economical situation…this is a suggestion.  It isn’t written in stone…they are talking about a rate possibly (again this is just a suggestion) by next July of 56 cents. [Post 1 of 3]

Pimpy – Dinar Guru   Why are people complaining about this?  You’ve invested very little into a currency and they’re willing to give you 50 cents for every one dinar? …this is a suggestion.  They’re saying this is a roadmap and they’re explaining why they want to do this...You will probably never get another type of return like that on any investment ever again.  People say, “Does that make you mad?” No.  I would be happy with that…I would still be very well-to-do.  Sure who doesn’t want more.  Who didn’t want the $3.22 rate. I would love that.  I would have been happy with the $1.13 rate or the $1.34 rate…Let me ask you guys a question…if you knew for sure you were gonna get back 56 cents for every Iraqi dinar and you knew you weren’t gonna get it until next July – Are you pissed off?  Are you mad?  Are you unhappy with that type of return on your money?  I mean seriously, are you?  Because people are complaining about it… [Post 2 of 3]

Pimpy – Dinar Guru   Having said that, I don’t want people going, “Pimpy said this is what it’s gonna be.”  No.  I’m not saying that.  This article is brought to my attention…don’t stress over this.  This is just a suggestion.  We’ve seen articles like this all over…there’s a part of me that thinks that might be fine that they start off there but don’t be surprised if it starts going up after that.  Maybe not right away.  Maybe they’ll keep you guys fooled for about a month.  4 months.  6 months. Just to see how many of you guys start bringing in all your dinars.  Then you start to see a movement on the IQD and it starts going up.  This is just a roadmap.  No I’m not saying that’s what’s it’s going to be.  What I’m saying is according to this article that’s about where they figure this out.  Lower the value and then remove the 3 zeros off the rate and then move it into somewhere around 56 cents for every 1 dinar… [Post 3 of 3]

MilitiaMan – Dinar Guru   Article: “Private sector and building the national economy”   Quote:  “The call to encourage the private sector is one of the first policies required to be adopted to contribute to building the national economy, because of the need for local capital and not to rely entirely on oil imports,”   They clearly are telling us they are going to a market economy… They have to enforce the need for the local economy to support the endeavor of changing the value of the IQD.  Nothing new, but, now that it will be fresh it is reinforcement of the plan…They need the investors to be on board and that comes with sound banking…imo!

Adam Montana – Dinar Guru   We are seeing the most positive HCL news that we have seen in… well, ever...  Go HCL. Go Iraq. GO RV!!!

Delta – Dinar Guru  2 DINAR PER $ …THE PLAN IS…STATEMENT FROM PARLIAMENT…MORE INFORMATION SHOULD BE COMING OUT… […are you saying the plan is for the Dinar to come out at .50 cents?  2 Dinars equals $1.00 USD.]  YES THEY ARE SAYING THAT PARLIAMENT ON TV...WE SHOULD GET MORE INFORMATION…

Mountain Goat – Dinar Guru   …we definitely know they know about…corruption but the only way out of is to lift the sanctions and reinstate their currency so they can legally use it for trade. When will they finally do this? They can only do it when the World Bank, IMF and the US Treasury says its okay to do it.   I think that past August they run out of alternatives for sure. Can they really afford to even do that long? …I had a recent talk with my CBI contact in Iraq and I am being told they fully plan to rollout the “project to delete the zeros” very soon, but not in July.  So we can expect to see articles on this subject matter within the next weeks. …In these articles, like in previous times, they will give us a time period that will give us a closer look at when to expect a revaluation as a result.

Dinar Investor – Jeff  Article:   “Al-Kadhimi:  We have a plan to reform the financial and administrative system to free itself from oil slavery”  Prior to June they were just coming out telling you they really needed to do things to improve their economy, attract and promote investment, that kind of thing…started in July they dialed in a little deeper on all that…They came out with the “white paper” – remember the white paper is the roadmap for the whole rate change and the whole economy structure.  It’s how they want their economy going forward but it also has everything in it for the rate change as well…it’s very important to watch and observe what they do and what they tell us right now…

Petra – Dinar Guru   Article:   “An economist warns against Iraq facing the fate and financial crisis of Lebanon”   Quote:   “the price of the dinar, if it falls, the value of salaries decreases very significantly, although the number remains the same.”  Here we are again with another commentary on decreasing value of the dinar.  That is off the table as a solution and the CBI knows it.  We all know that lowering the dinar value reduces the PP [Purchasing Power ?]  of all Iraqi’s and that is “not” the direction they are going as evidence in the actions being taken with the “White Paper!!”   …So, relax, the plan is afoot and great things are coming.  Posts like this to me are educating the citizenry why they will “not” devalue their currency as the plan is to provide even greater PP then they have ever seen!   To me, this is a friendly reminder of why they are focused on a better future!!!   All IMO…

Adam Montana – Dinar Guru  …The most important concept to understand today is this: The CBI makes money on every auction, and they will continue to do so forever. When the Dinar changes value, the CBI buys it at a lower rate, and then sells it at a higher rate. The CBI will ALWAYS choose the path that makes them the most money.  I agree that a lower rate than Kuwait will be a blow to the ego’s of the Iraqis. I agree that it should be on par with the USD, or even higher. I agree that the rate WILL get there… eventually.    [post 1 of 2]

Pimpy – Dinar Guru   I would love to see Dr. Shabibi come back.  It’s been a rumor.  He’s really, really, super old and I think people that were giving him a lot of hell are no longer really there – so it’s a possibility. I’m definitely curious about what if he does come back.  It’d be a huge positive step.  I think this man knows what the heck he’s doing and I would like to see him get back in control of the Iraqi bank…

Adam Montana – Dinar Guru   When the Iraqi Dinar is ReValued to a higher rate, it will become more desirable to do business in Iraq. Many people will be less hesitant to sign contracts and invest in Iraq. The current Iraqi Stock Exchange (ISX) should see some major movement… and the CBI (Central Bank of Iraq) is going to make tons of money on the exchanges!  I believe that Iraq can sustain a very stable currency at a rate of $3 or higher, but I don’t think they will immediately jump to that rate even if they ultimately desire it to be so... [post 2 of 2]

Pimpy – Dinar Guru    I want to make something perfectly clear because people are conflating something I’m saying.  When I say recognize the sovereignty, that’s a major step towards them getting the reinstatement or revaluing of their currency.  Their currency must be recognized internationally again and that won’t happen until they get their sovereignty again and the restriction on their currencies are removed.  Somebody’s telling me ‘There is no restrictions.’  Yeah there is.  There’s big restriction on the currency.  That’s what we’re anticipating.  An announcement by Trump that he will recognize and encourage the world to recognize the sovereignty.  It would be a huge step and then we want an announcement about the same time or shortly after that the restriction on Iraq’s dinar have been removed and we can start seeing it trade once again on the Forex.  That’s what we want to see…I’m expecting these next two weeks to be really big…

Dinar Investor – Jeff    …the last few months I’ve been putting a huge emphasis on saying Iraq has to have stability before the rate can change.  They’re telling you that.  If you look at the amount of articles coming out between Erbil which is Kurdistan and Baghdad there’s a lot…this is very serious…Iraq has to have stability, meaning they have to be able to work together before that rate can change, before they can go international…they just need a little more time.  They’re using the word “complete” which means ending or completion, towards a comprehensive agreement.  So they’re suggesting to us that they’re close to having an agreement reached…

Pimpy – Dinar Guru  …the articles that I’m seeing are showing me that there’s a lot of preparation getting done before Al-Kazemi’s visit over here into the United States…we see the World Bank is there…they’re most likely going to be the people that pull the trigger on a rate change…but we need to get the green light from…the United Nation once again recognizing the sovereignty of Iraqi people and the restrictions moved off their money.  We will be eyeballing that. But first we have to get their sovereignty reinstated.  That’s what we’re waiting for…

Adam Montana – Dinar Guru   Speculated rates and theories:

Based on Kuwaiti Dinar:  It’s been said that the rate must equal their neighboring Kuwaiti Dinar rate, which would put the Dinar at $3+. Many people speculate that the Iraqi’s are a prideful people, and it would be a slap in the face to have a revalued currency be less than Kuwaits.

Based on “dropping the 0′s”:   It’s mentioned many times in the news that the 0′s could be dropped, which would mean one of two things:

1. The 0′s are dropped from the bills, which essentially puts most investors at a break even return. Nothing gained, nothing lost.

2. The 0′s are dropped from the exchange rate, which is currently .00086 (Dinars are worth about 1170 IQD per 1USD, or an exchange of .00086).

This means your dinars are worth .86 USD per Dinar – in other words, a 10,000 IQD note is exchanged for $8,600 minus spread and bank fees.  [post 1 of 3]