Dinar Observer Daily

Militia Man – Dinar Guru  Article:  “Kurdistan Presidency Office: Baghdad’s failure to send financial dues to the region is unfair”  There is far more to this story in this than what meets the eyes. They’ll need the salaries quickly or it is going to get iffy.. lol   We can see that there is a reason for them not getting the salaries yet. They’ll need the new exchange rate to be allocated.. imo.. Seems fairly obvious now.

Mountain Goat – Dinar Guru  I presented scenarios to you in the past about the rate of these 3 zero notes…the rate is already close to 1:1 only they added 3 zeros to the currency.  By adding these three zeros it circumvents any real profit for us investors until they delete the zeros and issue the newer notes.  Our 3 zero notes then will still be valid currency, thus we multiply the new rate times the notes face value.  [post 1 of 3]

Mountain Goat – Dinar Guru  The IMF and the CBI told us years ago they are not going to swap out the 3 zeros notes for the newer lower denominations at a fraction of the value. The 3 notes will be “legal tender” for up to 10 years but not in general circulation and used primarily for interbank transactions...The banks call this “public” vs “institutional” use.
[post 2 of 3]

Mountain Goat – Dinar Guru  This is why we need them to issue the lower denominations. So, when they do reach around 1000 program rate (probably more like just under 1000) they plan to drop the zeros. The rate then changes by just moving the decimal place over by 3…It is really that simple…this in-country RV rate will not remain long. They will then move to FOREX after waiting a period of time as they “adjust for inflation”, which they are now doing. This is right out of Dr Shabibi’s plan. In each country, for instance the USA, will have an exchange rate for the dinar based on their economy and currency being exchanged.  [post 3 of 3]

Breitling – Dinar Guru   Can Iraq revalue in World War III?”  It leads to the understanding we are in WW III.  We are in an indirect conflict with Putin.  We’re doing our best, all sides, even the other side, making sure we don’t get in a direct conflict.  Then it would get really really bad.  I don’t see us getting into direct contact…Do not worry about Iraq if they can revalue under these situations, because it can.

Pimpy – Dinar Guru  We know Iraq is being pushed through the World Trade Organization.  Their application and their ascension into the organization is moving quickly which would be a huge boost to Iraq and their economy.  

Mountain Goat – Dinar Guru  no one…can tell you the date of the RV?  In fact, I don’t even think the CBI knows until they get closer.  But what I do know…is that the CBI is still planning to conduct the project to delete the zeros and to follow that forward with the reinstatement of the dinar back to FOREX. They are working through a plan…

Militia Man – Dinar Guru  We can see there’s a push now to get the projects…up and and running.  There’s going to have to be spending …but we haven’t seen it openly yet.  This is all about Iraq’s future.  They’re going to need to be Article VIII complaint exchange rate fairly quickly…

Randy – Dinar Guru  Question:  “Many countries have a horrible exchange rate and business still work with them and then exchange. So why would this be any different for Iraq?”  When I traveled to say Brazil and got more than 3 Reais at the border crossing for $1, and traveled more, boy I felt American strength.  Trade is likewise.  When I traveled to England, though this was years ago, I shelled out, $2.40/British Pound Sterling.  It spent like dollars, not going as far as the cost of exchange. Couldn’t feel strong until I got home to some more cheap a$$ dollars.  Trade is likewise.  All this points to Iraq needing to be close to a dollar, to get any global respect.

Samson – Dinar Guru  Article:  “Iran: We agreed with Iraq to disarm terrorist groups in Kurdistan and close their headquarters“

Clare – Dinar Guru   Article:   “7 times more.. Iran announces the release of its money withheld in Iraq“   Quote:   “6 billion dollars of Iranian funds frozen in South Korea will be released, along with a large part also of Iranian funds in the Iraqi TBI Bank,” noting that “the first stages of the process of releasing Iranian funds in European banks have begun.”

Breitling – Dinar Guru   Iraq…wants to be part of the west’s economic structure.  They can’t because of Iran.  Iran is completely against the western economic infrastructure and they’re backed by Russia who’s trying to destroy the entire western economic structure.  That’s a problem for Iraq.  That’s not going to stop them from revaluing…let’s say they never got into the western system, it would be harder to maintain a higher value because they wouldn’t have enough customers…If they get cut off of the western world they’re going to have less customers.

Militia Man – Dinar Guru  I believe they’re at that stage where the spending project is about ready to go.  The security and stability is being enforced.  Let’s see how it goes.

Mountain Goat – Dinar Guru  …when I read the 2011 Dr Shabibi plan for the reinstatement process…He told us then that the de-dollarization is critical in Iraq’s currency reform process. So, it sounds to me like this phase of the Dr Shabibi plan is ending and they are moving to the next stage of the process. We all know what that is, don’t we…hint…hint…hint.

Militia Man – Dinar Guru    What we’re looking for is the investment projects because that’s going to be going into the market economy.  Those investment projects is what we’re waiting for…

Kaperoni – Dinar Guru   We’re going to see a lot happen over the next two years.  A lot.  At what stage will the dinar have more value?  It could start at any time.  It could be a little increment next month.  It could be nothing for 6 months and then more, maybe they float at that point and then there’s a little bit more significant improvement.  I think it’s inevitable that the dinar begins to gain value if they follow through with…reintegration into the global economy and creation of an economy within Iraq.

Clare – Dinar Guru  Article:   “Central Bank Governor: Iraq’s gold reserves amount to 132 tons”

Militia Man – Dinar Guru  We can see they’re about to start spending and spending is going to need an exchange rate that is not 1310 as the official exchange rate.

Mountain Goat – Dinar Guru …the VALUE and RATE of the dinar are two different issues. Yes, the RATE should reflect a true VALUE but it does not today. They know it and we know it.  Iraq does not have to rebuild their economy for the rate to change accordingly as the value is already present, just with the resources they can now exploit and sell...Once they do rebuild Iraq cities and grow their economy the dinar should also then adjust its rate and go even higher as thy plan to put it on a FLOAT when it is reinstated. …No, it is not possible to float the dinar starting at the program rate…

Militia Man – Dinar Guru  Article “Specialists: The path of development gives Iraq an important position in international trade”. The development road is the investment side of the tripartite budget. Get ready folks, we can see the efforts being taken are to join the Global Financial System.. There is no denying it. imo..

Breitling – Dinar Guru  We have to watch the CBI.  Don’t listen to what any body else has to say.  Do not contemplate opinions or other ideas…

Kaperoni – Dinar Guru  …Until Iraq diversifies, creates the conditions, there will be no change in the dinar.

Sandy Ingram – Dinar Guru  Iraq has 3 significant tasks before we will see an increase in the currency’s value.  1.  Rebuild their infrastructure, which they are actively doing… 2.  Making the country safe for citizens and international investors.  In other words stopping the assaults against foreign investors.  International investors want to invest in Iraq because their investment will be worth more when the value of the IQD increases.  3.  Creating additional streams of income outside of the oil industry.  Iraq is actively making progress by implementing new factories…road projects connecting Asia to Europe and partnering with a neighboring country to build oil vessels…

Clare – Dinar Guru  Article:  “Al-Sudani: More than 60% of Iraq’s population is under 25 years old“

Militia Man – Dinar Guru   My take is a float won’t work in a digital world. I just don’t see it. I think they are going to make an adjustment to their Reel Effective Exchange Rate (REER) and I hope and expect it will be better than it was in a previous era. When I first got into this – the IMF had shut them down from $3.22 …so, when they reinstate – I think they will start there…maybe add some for inflation , and they probably will do a “managed float”…

Nader – Dinar Guru  As long as they [Iraqis] have money and they can buy and sell stuff they don’t pay attention to it [dinar RV].  That guy’s gonna have one million in his pocket or 1500 it’s gonna be the same thing.  It’s going to spend the same thing.  In the United States and Europe too they talk about…all over the world they talk about because they know it’s gonna happen…It’s an investment for the outsiders.  But for Iraqis it’s not an investment…Over there if we change the currency all we have to do is take that 2 millions and change them to two millions with small categories…

Militia Man – Dinar Guru  Federal Court specified their own timelines…They specifically stated 30 days from July 26, 2023 that the 2023-2024-25 budget has to be implemented by that date.  That’s 30 days.

Pimpy – Dinar Guru  I know a lot of you are eagerly waiting for the announcement that the exchange rate is massively jumped up to this large number because…this budget can’t function without a large exchange rate.  I’m saying that’s BS…

Militia Man – Dinar Guru  …I believe there was an article from the courts that Iraq had 30 days from July 26th for the budget to be implemented and for them to start spending…  for them to start spending –it’s a heck of a lot cheaper to buy things to rebuild with a at least a rate of $1 then 1310…Whatever rate they come out at I believe it will have to be strong. Alaq has said he is not going to float the currency…suggesting it’s going to be a strong rate.

Clare – Dinar Guru   Article:  “World Bank: Iraq’s economy is “fragile” and its debts have risen to $152 billion“.   Quote: “…noting that the Central Bank auction caused the redirection of hard currency to the parallel market, which led to a decrease in the value of the dinar against the dollar.”