Dinar Observer Daily

MilitiaMan – Dinar Guru   Article:  “France’s Total refuses to complete a $27 billion contract with the national oil company”  Quote:  “The decision issued by the Federal Court yesterday cut the way for this deal and other deals that the Minister of Oil and Al-Kazemi wanted to complete before their departure to ensure a very appropriate retirement”  This is huge. They refuse the deal with the NOC. They cut a deal instead with MOO.. They have the Total Deal sorted prior to leaving to the UN in NYC. They are doing other deals, as they mentioned too.. I will bet that Kahdimi will have much to say tomorrow afternoon…

Samson – Dinar Guru  Article:  “Iran: Iraq will turn into the largest economic market in the region during the next decade”  Quote: “stressing that his country seeks to increase the volume of trade exchange with this neighboring country.“

Jeff – Dinar Investor   In the near future they’re going to have a session of parliament…to vote to reschedule their elections…along with dissolving parliament…As you know their government must have full powers.  Right now…they’re deemed as a caretaker…They are not a government with full powers…Because they don’t have full powers…they cannot right now revalue their currency.  They must be able to pass laws to revalue the currency and have full powers and they don’t…Does this mean you have to wait till next year for the rate change? …The day they vote to reschedule the elections and dissolve parliament I will be doing an emergency dinar [update]…

Mountain Goat – Dinar Guru   …Iraq continues with this election saga. The Sadr protest deadline of Oct 1 is nearing and they told us they won’t even have the meeting with Sadr until next week…I do not believe Sadr is going to bend this time. He would rather tear apart the political system, expose the corrupt and rebuild it without Iran and their puppets. This may very well happen…  [post 1 of 2]

Mountain Goat – Dinar Guru  It won’t be very good for us investors looking for the reinstatement but at least now the process is in motion. Too bad it was not put in motion a couple years ago as we might have been to the bank by now…Many things besides the Iraqi RV are in motion to get us to where we want to have the project to delete the zeros and then the reinstatement. [post 2 of 2]

Pimpy – Dinar Guru   We know Iraq has been doing everything it can to stabilize this country to get back out there on an international scene to have an internationally recognized currency that trades on Forex and one that’s strong.  The right steps for the most part are being taken, we just need to get a stable government, a stable economy and a stable country...

Samson – Dinar Guru  Article: “A new parliamentary speech regarding changing the dollar exchange rate”  Quote: “Committee member Jamal Cougar told Mawazine News, “The issue of changing or restoring the dollar exchange rate is not within the competence of the Parliamentary Finance Committee, nor its powers.  The issue is only related to the state’s financial policy, represented by the Ministry of Finance and the Central Bank, and any talk about this is to win over the street only.”

MilitiaMan – Dinar Guru  Article:  “What will Al-Kazemi have for Biden during his upcoming visit to Washington?”  Kahdimi’s speech Friday…This is show time now…They are show casing a leader, not an interim fly by night entity.. No!!…It is like the world knows who is to lead them into the future….The citizens of Iraq are getting very impatient, just as you and  I are. Again, it is show time.. imo I like where we are and it looks like the final push is upon us..

Mountain Goat – Dinar Guru   Article:  “THE CENTRAL BANK ANNOUNCES INTERNATIONAL COOPERATION WITH IRAQI BANKS”   Quote:  “…the Central Bank of Iraq announced a work plan to link and open accounts between Iraqi banks and some international banks.”

Frank26 – Dinar Guru  Article: “The Central Bank announces international cooperation with Iraqi banks”  The Central Bank of Iraq is connected to international banks from around the world because they are about to introduce a new exchange rate.  A new currency.  A new banking system.  A reinstatement of their banking system.  We told you they would tell the citizens and they are.

Breitling – Dinar Guru   When I look at Iraq it’s authority only.  What’s the banking system doing?   Where are they making their money?  How do they expand their system?  The people who can pass law and want to expand their system, what are they talking about?  Who are they talking about?  In other words who do they want to do business with.  They’re talking about us, the west.  Parliament, the Ministry of Planning, the Ministry of Finance, the CBI, all of them who has the authority right down the line…just follow the policy and you’ll be very happy.

Samson – Dinar Guru  Article: “The former president of “SOMO”: The government wants to continue depositing Iraqi oil revenues in the US Reserve Bank”  Quote: “…all the money from the sale of oil goes to the US Reserve Bank since 1996, and the government demanded after 2003 that this mechanism remain to preserve funds from the risks of lawsuits.”

Sandy Ingram – Dinar Guru  Question:  “Why are we hearing about a possible civil war in Iraq?”  Yes, Iraq is going through a major political crisis.  Yet the internal fighting stopped while Iraqis were preparing for the annual religious event where over 20 million Shiite pilgrims descended on the city of Kabbalah…2.6 million are from Iran…we cannot be sure what will occur once people return to the reality of their daily lives.

Mountain Goat – Dinar Guru   The Continued Election Saga…what do I believe will happen shortly to make everyone happy?  The most likely proposal will be to leave Al-Kazemi and Saleh in office in a “temporary” government not a caretaker government with full powers. How do I know this? A member of the KDP’s negotiating delegation stated that the next government should have full powers, and that preparations should be made for early elections. How does this effect our ability for the CBI to complete the currency reform and reinstate the dinar? The best guess I can make of the timing of the reinstatement is that the CBI WILL NOT ask to reinstate the dinar this year and will wait and see first how this all pans out. [post 1 of 2]

Mountain Goat – Dinar Guru  If it does move quickly I feel they will conduct the project to delete the zeros and we will see articles telling this they are moving ahead sometime in later October through November. Then they will be ready for the reinstatement back to FOREX in early 2023, which is in their White Paper plan and is the next move in their project to reform the economy of Iraq. I believe the US, IMF, World Bank and Iran would go along with this plan. Having Al-Kazemi and Saleh in place and continuing with “full powers” gives them to opportunity to do so. It also creates the security and stability needed. [post 2 of 2]

Pimpy – Dinar Guru  We know Al-Kazemi is here at the United Nations and he almost appears to be politicking or campaigning is more like it.  Al-Kazemi has taken the time to meet privately with a few leaders of different Arab nations who have guaranteed Al-Kazemi of their support.  This is good for him.  I’m not sure what that’s going to do as far as whether or not it guarantees him to continue as a Prime Minister although I think he should…

Samson – Dinar Guru  Article: “Al-Kazemi arrives at the United Nations building to attend the opening of the General Assembly“

Walkingstick – Dinar Guru    Iran and the European Union and many others…are using the dinar in their banking structure.  It’s still at a program rate.  But they’re using it in their banks.  This is a first.  This is historic.  

Samson – Dinar Guru   Article:   “The German ambassador details the areas of partnership between Baghdad and Berlin and announces the extent of his country’s support for Iraq”  Quote:  “Iraq has a large financial base and is different from the countries close to it and has special and interesting resources,” noting that “Iraq has 85 million euros, and this compares to a full treasury for any future government.“

Pimpy – Dinar Guru  Article:  “Iraq ranks 47th among the largest economies in the world”  …Congrats to Iraq for having a pretty strong economy despite all the crap that’s going on.  But…how much stronger it could have been had they been able to form a government, passed a budget and got a lot more accomplished without the stalemate.  They would definitely be higher than 47th place that’s for sure.  But a good economy in a stable government, stable country, strong gold reserves, strong foreign currency reserves all these things help strengthen the Iraqi dinar.  Those are the things that would help push the Iraq dinar forward as far as revaluing the Iraqi dinar.

Samson – Dinar Guru  Article:  “Al-Kazemi arrives in New York”  Quote:  “Al-Kazemi arrives in New York: He will meet kings and heads of state and give a speech on Iraq“

Sandy Ingram – Dinar Guru  The Prime Minister of Iraq is traveling to the United States to participate in the work of the United Nations General Assembly at its 77th session…we can only hope as investors that these meetings with International figures will result in a higher exchange rate in the future… 

RVAlready – Dinar Guru  I think the reality is Iraq must fix their problem, or the UN will do it for them. And the international community is in no mood to wait.

Mountain Goat – Dinar Guru   The CBI monetary and gold reserves continue to rise as the months roll on and oil continues to stay high. There is talk from my CBI contacts that the CBI is going to back the dinar totally with gold. This does not mean they won’t also have US dollars stashed in their foreign reserves and natural resources as well as the revenues from other sources such as customs and tariffs and tourism to back it up.

Samson – Dinar Guru   Article:   “Al-Kazemi carries 5 “announced” files to New York, and “Al-Ghad Press” looks at the sixth”  Quote: “Al-Kazemi will head a high-ranking ministerial delegation to New York, to participate in the meetings of the United Nations General Assembly…the political crisis in the country will top Al-Kazemi’s discussions with world leaders, led by US President Joe Biden“

Sandy Ingram – Dinar Guru   Article:  “21 million Shiites mark Arbaeen in Iraq’s Karbala” …pilgrims are traveling from Iran, Palestine and different parts of the Middle East to an annual religious celebration.  This massive celebration is in Kabbalah and is one of the world’s largest public gatherings that is held every year in Iraq.  Kabbalah is approximately 55 miles from Baghdad.

Pimpy – Dinar GUru  …Obviously if the oil prices go up this also affects the value of the Iraqi dinar.  No, you’re not going to see any real significant jump or increase [In the exchange rate of the dinar] not yet, with the increase of money that will be coming into Iraq it will increase their foreign reserves, they continue to add large amounts of gold (it seems like every month now) which will only do what?  Secure the Iraqi dinar.  Strengthen it…

Breitling – Dinar Guru  Inside Iraqi the Sunni and Shia want to expand their markets and their markets are in the west.  Russia and China are not expanding, they’re shrinking…the average person out there knows if I’m going to sell something I want as many customers as possible.  That is what Iraq is looking at…That’s all they’re looking at nothing more than that.  So it’s all positive news coming out of Iraq for the Iraqi dinar.

Clare – Dinar Guru  Article:  “The Central Bank of Iraq has three reserves to serve the requirements of monetary stability and development”  Quote:  “This reserve consists of: Foreign exchange papers…Which is estimated at more than (85) billion dollars.  [2nd] Gold…is in the form of bullion or coins in the vaults of the International Monetary Fund…As for the third reserve, it is the special drawing rights: it is the new reserve and it is used to meet the deficit in the country’s traditional reserves and drawing rights are granted to each of the member states of the International Monetary Fund…” [Post 1 of 2]

Clare – Dinar Guru  “These rights are used to settle payments between member countries…Therefore, central banks, including Iraq, seek to buy quantities of gold from time to time. The most recent of which is Iraq’s purchase of a new amount of gold, amounting to approximately (34) tons, bringing Iraq’s balance to (134,4)…which made its classification become the fourth Arab and thirty-three globally. This increase is within the framework of a strategy The Central Bank to manage its assets in order to achieve the highest levels of stability...”  [Post 2 of 2]