Dinar Observer Daily

Pimpy – Dinar Guru  Article:  “An ‘important’ statement from Al-Kazemi regarding the recent arrest warrants against his government team”  Al-Kazemi has become the Donald Trump of Iraq.  As soon as that guy got out of office they’re going to go after him with everything trying very hard to find ways to implement this guy so they could throw him in jail.

Nader – Dinar Guru   A friend of mine told me…you can transfer money from Iraq to anywhere in the world.  That’s very good news.  I’m happy…

Deepwoodz – Dinar Guru  Article:  “The draft budget law 2023 will not be included on the cabinet table”    Quote: “the draft budget law for the current year will be ready and will be sent to the House of Representatives by the end of this month.”  Great news!  We don’t want the budget yet.

Militia Man – Dinar Guru  Sistani Grand Ayatollah coming out and talking about foreign currency exchange with the citizens is some of the best education I’ve seen in 13 years.  I take it very seriously.  I’m very excited about it because he’s not a banker.  He’s not a businessman.  He is a cleric.  He’s a religious man.  But when he speaks to his citizens they listen and so what he did was he was educating them…it’s all good for us.

Mountain Goat – Dinar Guru   Article:  “AFTER 20 YEARS… WILL ARTICLE 140 BECOME A REALITY?”  There is a real movement for the implementation of Article (140) of the Iraqi constitution. As we all should know the new Iraqi constitution must be fully implemented or at least on it way prior to the reinstatement… we see yet another positive sign that the Al-Sudani administration is very serious about finally implementing Article 140…

Pimpy – Dinar Guru  It’s on the exchange…the Iraqi dinar is.  It’s not on the big one, Forex, but it is on the local exchange…right now it’s trading on the open market at 1459 dinars for every $1…that’s the one [1459] you don’t want to get higher.  The higher this gets the worse off it is for us.  That means more people are wanting US dollars and they’re willing to pay more Iraqi dinar for that.  We don’t want that to happen but right now it’s been maintaining in the same area now for quite some time.

Deepwoodz – Dinar Guru  Article “Parliamentary Finance stresses the introduction of the new salary scale before the budget legislation“  I’ve often thought about some of the things they would have to do BEFORE changing the rate.  One of those things was to change the salary scale. Why? Google shows the national minimum wage to be 250,000-350,000 dinar per MONTH. Not much income at 1460 or even 1310, but if you plan on going through a major change, it would behoove you to change the scale accordingly. Don’t ya think?  …it states that has been the going rate since 2018. Which one can also confer that during the rate change in Dec. 2020, they did not make an adjustment. They also did not make an adjustment BEFORE going back to 1310. So, Why do they need one now would be the next question I would ask, with a grin on my face?!

Nader – Dinar Guru  The street demonstrations you see…First it’s for the food baskets.  Second is for what we call it ID – retired people want more money.  Third is for the exchange rate…purchasing power.  Power to purchase more things with their money.  That’s what they want to do.  That’s why you see there’s a demonstration.

Sandy Ingram – Dinar Guru  How Iraq caused the currency crisis – Here’s what happened.  Iraq spends around $900 million a month on Iranian goods.  $50…is for electricity and gas…Now the mistake – The U.S. and Iraq decided to pay Iran in Iraqi dinars.  Surprisingly Iran said okay.  Iran then proceeded to the Iraqi daily exchange auctions to trade the dinars for U.S dollars.  [Post 1 of 2]

Sandy Ingram – Dinar Guru The Federal Reserve Bank in New York City had a fit and began implementing restrictions…You see, the U.S. holds the money Iraq makes from oil sales…Iraq is caught between the U.S. massive amounts of oil revenue and OPEC controlling Iraq’s oil exports and Iran controlling Iraq’s electricity…the bottom line – Iran obtained large large amounts of the Iraqi currency that Iraq needs to pay government salaries and run the government…this is a global issue.   [Post 2 of 2]

Pimpy – Dinar Guru  A lot of people asking me if the Iraqi dinar exchange rate has changed again.  No it has not.  When you hear people out there whether it’s from the news or people posting about the exchange rate they’re usually talking about the open market rate which is different than the official rate.  We know right now the official rate is 1300.  We know the black market is somewhere around 1450 which is where they wanted it in the first place…

Militia Man – Dinar Guru  The Council of Ministers referred to dealing in dinars.  It says there’s no justification for citizens to use foreign currency in local transactions.  In other words in their local transactions there’s no reason to be doing anything outside of the dinar...if you’re going to go buy a car – dinar.  You’re going to go buy a loaf of bread – dinar.  Just the way it’s going to be…

Clare – Dinar Guru  Article:  “Sudanese and the World Bank delegation are discussing joint cooperation and support for the government’s plans“

Suzie – Dinar Guru   With this news of the budget coming forth and all the other info being brought to us and especially with the Kurds being happy with the HCL I can see no way Iraq won’t pull this off in the month of March, I mean, what else could get in their way at this point?

Breitling – Dinar Guru  The United States money supply – we’re pulling it in.  We built China with that money supply.  We built the EU with that money supply.  We competed against emerging markets with that money supply.  We’re binging it in.  There’s not going to be as many dollars out there…China’s going to have less.  That’s why they want to use the yuan to buy energy…How does Iraq gain from that?   [Post 1 of 2]

Breitling – Dinar Guru   …Iraq is going to accept the yuan… Euro…US dollar but they’re going to start adding value to their currency because there’s not going to be as many U.S. dollars out there.  Not only that but the EU is going to start going broke so there’s not going to be very many Euros out there.  That’s another reason for them to add value to the Iraqi dinar.  [Post 2 of 2]

Pimpy – Dinar Guru  It’s going to happen eventually.  I don’t think it’s going to happen the way people think but right now certainly there is nothing out there that indicates Al-Sudani said he’s going to restore it to the $3 rate…

Clare – Dinar Guru  Article:  “The government is proceeding with a package of reforms to provide the requirements for a balanced economic renaissance”  Quote:  “Finance Minister Taif Sami confirmed, on Sunday, that the government is proceeding with a package of fundamental reforms in order to provide the requirements for a balanced economic renaissance in the country.”

Mountain Goat – Dinar Guru  Article:  “AN OIL AGREEMENT PAVES THE WAY FOR ANNOUNCING A COMPREHENSIVE BUDGET IN THE COMING DAYS” Quote:  “…there is a presence to deliver Kurdistan’s oil to Baghdad to proceed with an oil agreement within the terms of the 2023 budget…”  Can you see now how the oil and gas law and the budget are interconnected? Now let’s also add the rate of the dinar on top of it all.

Clare – Dinar Guru  Article:  “The government is proceeding with a package of reforms to provide the requirements for a balanced economic renaissance”  Quote:  “Finance Minister Taif Sami confirmed, on Sunday, that the government is proceeding with a package of fundamental reforms in order to provide the requirements for a balanced economic renaissance in the country.”

Mountain Goat – Dinar Guru  Article:  “AN OIL AGREEMENT PAVES THE WAY FOR ANNOUNCING A COMPREHENSIVE BUDGET IN THE COMING DAYS” Quote:  “…there is a presence to deliver Kurdistan’s oil to Baghdad to proceed with an oil agreement within the terms of the 2023 budget…”  Can you see now how the oil and gas law and the budget are interconnected? Now let’s also add the rate of the dinar on top of it all.

Clare – Dinar Guru  Article:  “Democratic: semi-final agreement on the share of the Kurdistan region in the budget”  Quote:  “The Kurdistan region demanded 17%, and the federal government set a rate of 12.67%, before agreeing on a rate of 14% to proceed with the draft budget“

Henig – Dinar Guru   Republished Article:  “Global gold: Central banks buy 30 tons of yellow metal and Iraq maintains its rank”  Quote: “Iraq maintained its classification of 30th globally out of 100 countries listed in the table with the largest gold reserves, after it rose ten ranks in July by buying 33.9 tons of gold, to reach its possession of gold 130.3 tons, which represents 8.6% of the rest of its other reserves.“

Militia Man – Dinar Guru  International transfers, international withdrawals, international payments…you haven’t done that before and you haven’t done it at an official rate of 1460, 1190, 1310 or 1166.  They have never done that.  Never been allowed to do that.  Why would they do that now a 1310?  My view they won’t…all of this...is really fascinating because it means going from a public country to a private sector.  It’s phenomenal.

Breitling – Dinar Guru   One of the gentlemen I’ve known since I was a teenager worked putting out reports for…companies that invest based on policy.  They don’t sit out the market and wait for something to happen.  If a policy goes in…they follow that and they invest in it.  How do you think senators congressmen get so rich?  It’s though policy.  They know where the next big thing is coming from.  Anyways…I’ve talked to these guys about it [the dinar over the years].  It’s not that they didn’t believe in it, there was other investments in their mind that had less of a risk.  [Post 1 of 2]

Breitling – Dinar Guru  A couple days ago I get a call from one of these guys and he’s like ‘Hey, you still into this IQD thing?’…I’m like, ‘Yeah, I watch it and follow that stuff.’  He goes, ‘Cool, I just bought a ton of dinar.‘  He started telling me the strategy that Iraq had…Very very good news.  We’re at a different place today.  Sort of hit that reset button.  Iraq is on a completely different strategy.  I’m excited.  The information I got was cool but I’m excited because this is genius what they’re doing and how they’re doing it.  Hang in there.  Be happy. [Post 2 of 2]

Militia Man – Dinar Guru  Question “Do you think they’ll just drop the zeros and go from there? So if it revalues to $3 a 25000 Iraqi dinar will bring you 25×3=$75 usd?” No.

Henig – Dinar Guru  Article:  “Dollar exceeds 60,<> tomans, vice president shocks Iranians with statement”  Quote:  “The price of the dollar exceeded the barrier of 60 thousand tomans on Sunday, in a continuation of the unprecedented decline in the price of the Iranian local currency against global currencies“

Breitling – Dinar Guru  Iraq has been talking about adding value to the currency more than they have in the past…

Pimpy – Dinar Guru   “Their [Iraq’s] money has to be comparable to the region.  Kuwait is over $3.”  Who said it has to be comparable to the region?…It doesn’t have to be comparable to the region.  Even if you looked at the exchange rates all around in the other countries you could see they’re all out of whack….Iran you have 42,000 Iranian dollars for every $1 US.  Turkey is 18.90 of their currency to $1 US.  Syria is 2,511 to $1 US.  Jordan has 1.41 to $1.  Egypt has 30.68 to $1.  Sudan has 565.15 to $1.  Saudi Arabia…needs 3.75…to = $1.  Yemen is 249.95 to every $1.  Omen on the other hand it’s 1 of their dollars is equal to $2.60...all the other ones are upside down so I’m not sure where you guys can get “regional”…