Dinar Observer Daily

Godlover – Dinar Guru  Question:  “IMO, everything is in place they just have to do it…what do you believe still has to happen in order for them to be ready?”  What NEEDS to happen is a seated government IMO. Even if a government is “prepared” already (hiding), then it needs to be made official. A government that no one can see, is no government at all.   [Post 1 of 2]

Godlover – Dinar Guru   Furthermore, if a government was in place already, it would benefit them to make it official. There is no benefit to hide them. There would be no reason for them to not announce their new government, if it was already formed.  So much cannot happen with the current government in place per articles. As stated in previous articles, the current government may get a vote to grant them full authority…we will see. But until one of these scenarios happens, they are in limbo. [Post 2 of 2]

Firefly – Dinar Guru   [Iraq boots-on-the-ground TV report]

FIREFLY:  CBI governor talking about the exchange rate…in interview on news.

FRANK26:  This is where it starts to get real…it’s getting close, be prepared. 

FIREFLY: Yes.

Samson – Dinar Guru  Article:  “The Central Bank of Iraq announces that foreign reserves have risen to $74 billion“  Quote:  “noting that the financial situation in Iraq was “very excellent” compared to the countries of the region and neighboring countries…“

Nader – Dinar Guru  We’re waiting for them to vote for the food security…I don’t think the Food Security has something to do with the rate.  It’s nothing.  They’re putting 25 trillion dollars [dinars] to secure the food.  That it.

Militiaman – Dinar Guru  …  I hope they do pass the EFL. The citizens deserve their constitutional rights.  Those that support the coordination frame work would like very much they don’t [pass the law] …  Those that are for the citizens do want the EFL, as it is like the 2022 budget, they are synonymous. In other words they are new exchange rate oriented. imo..

Pimpy – Dinar Guru   Article:  “The Iraqi currency reserves are expected to exceed $90 billion by the end of the year”  They are quickly getting up there as far as their reserves are concerned…the more they have in reserves the more they have to support the economy as well as the Iraqi dinar which is what you want…we were all happy when they reached 70 billion now they’re projected to be at 90 by the end of the year.  This is awesome.  This is great news.

Mountain Goat – Dinar Guru   We are now in an unprecedented period of excitement for the IQD reinstatement to happen. I am hearing nothing but good information from all the sources including the Central Bank of Iraq, the IMF and the U.S. Treasury. The initial rate on the new Quantum Financial System (QFS) is way up there to $6+. However…I can not clearly see that it would or even could come out  that high. It will probably come out at about $4+.   But please remember that the project to delete the zeros must happen just before or just after the reinstatement.

Militiaman – Dinar Guru  We were told there would be meetings…and apparently they have happened. The timing is all coming together and may even have been done to a degree that suggests we could see more out of the CBI sooner than thought…this meeting [Last week] with the President, Prime Minister and Council of Ministers, suggests that they have security, stability, coordination, continuity and entitlements for the citizens in mind. That would require a rate which would likely be in the 2022 budget plan…having this meeting it is very promising for us and even in the very very short term.

Clare – Dinar Guru  Article:  “The new Iranian ambassador to Iraq begins his duties in Baghdad”.    HMMM… A NEW IRANIAN AMBASSADOR! MAYBE THAT WAS KAZEMI’S DOING!

Militiaman – Dinar Guru  Member comment “It looks of it they have an agreement on the food law too Article quote “  Quote ‘Except by changing the tools to be able to interact with the new stage.’  ..Changing the tools.. As in changing the exchange rate to fit with the new stage they are heading into.. Timing is awesome.. IMO.

Pimpy – Dinar Guru   It looks like we might be done with this blockage…  Article “Mishaan Al-Jubouri:  The independents will present Al-Kazemi as a candidate for prime minister, and we believe he will pass”  …Good news IMO...we learned Saleh is most likely going to be the presidential candidate and Al-Kazemi will be the prime minister.  The same two people will continue to move forward for a full term – 4 years… [Post 1 of 2]

Pimpy – Dinar Guru  Those two managed to work together to get a lot accomplished…If Iraq can manage to get the President Saleh and the Prime Minister Al-Kazemi back as president and prime minister and they form the new government...if that’s the case I believe it won’t take very long until we see the Iraqi dinar exchange rate change again.  It’s going to go up in increments but it’s going to do it fairly quick IMO… Iraq is in a really great place.  It really is... [Post 2 of 2]

Kaperoni – Dinar Guru   I have always hoped that Iraq’s monetary policy would change according to Iraq’s economic development. That they pass the laws necessary to encourage foreign investment, build a thriving private sector, and improve GDP.  We have seen numerous articles over the last several months from the World Bank implying Iraq’s economy could be the fastest growing in the Middle East. The bottom line is it’s up to Iraq to accomplish what is expected of them.

Militiaman – Dinar Guru  Article:  “Barzani intends to launch an initiative to address the political blockage“  Looks like there is more support for interesting times over the next couple days…

RVAlready – Dinar Guru   …if Sadr cannot get enough independents to elect the president of the republic, he will have parliament dissolved. Either way, there will be a government and an RV by the CBI. This is a win situation for Sadr and a lose situation for Maliki.

Sandy Ingram – Dinar Guru  Question:  “If…Iraq opens up trading their currency why not fly there to Iraq and exchange with a group…?”  …This …is premature, however we can fly…out of JFK or Miami but no group account.  Everyone would need to handle their own finances…A “real” revalue of the currency would allow us to exchange the currency within the United States.  We would only need to travel if they printed new currency BEFORE a revalue.

Militiaman – Dinar Guru The process of seating the government and gearing for the 2022 budget is slated for from now through this next week…with what we have witnessed over the past couple years, months and even days, we have never been closer based off hindsight …imo…BTW…April 2nd, 2022 was the first Day of Ramadan. This is  about the time frame Sadr gave [40 days to form government] that gets it to the 10th of May per the Islamic Calendar. Sadr has summoned the FM and CBI Governor 05/12/2022.. I can imagine the CBI having a move soon.

Pimpy – Dinar Guru  Article:   “PUK: Barham Saleh is a figure acceptable to the framework and the current”.  Quote:   “The Patriotic Union of Kurdistan announce the acceptance of Saleh for presidency of the Republic by the Coordination Framework and the Sadrist Movement” Wow!  Something they could agree on…congrats to Saleh as long as he gets in there.  But we’ll see.  Remember the person that  actually runs the country is the prime minister…

Militiaman – Dinar Guru  In my view this one has rate implications. The emergency food support bill is what many countries deem as security issues and interestingly enough, there is a food law being talked about in Iraq and even the UST has talked of this topic too. If this is the same thing, there is a rate to be had with it or behind it. We have heard that food security is important and a security issue and a reason the Federal Court Ruled that the present Caretaker Government can get things passed if need be for the benefit of the people, therefore, they will need to secure it with purchase power., i.e., a new exchange rate.

Pimpy – Dinar Guru  It always feels like we’re right on the edge of getting there.  It looks like things are going in the right direction and then there’s always these little hurdles but at at least they’re not going two steps forward and ten steps back like they used to.  Now it’s more like they’re going two steps forward and a half step back every now and then.  Still looking good but dealing with a lot of B.S…Iraq is teetering right there at the doorstep.  They really are...

Militiaman – Dinar Guru  Article:  “Saleh and Al-Kazemi confirm support for dialogue in resolving outstanding issues and launching“. A fresh meeting with the President and the Prime Minister today on topics like security, stability solidarity, consolidating ranks and moving towards meeting the national entitlements…These items have serious implications for the future. They are working like a government that has the people on their agenda.   [Post 1 of 2]

Militiaman – Dinar Guru  Their peoples entitlements would come from the reforms that have been promised. That sounds like they are gearing for a change in an exchange rate when using the word entitlements. As exchange rate change will be needed to give the citizens their purchasing power, this year not next…The two having the meeting today, is all a part of the reforms, imo. It shows the solidarity is in tack.. imo [Post 2 of 2]

Kaperoni – Dinar Guru  Former deputy CBI gov and economic adviser to the PM Muhammed Salih stated that Iraq is worth about $16 trillion dollars including oil and all minerals in the ground.  So there…$16 trillion dollars!

Pimpy – Dinar Guru  Article:  “Al-Kazemi’s advisor puts forward a proposal to double growth rates“.   Oh, yeah baby!  That’s what we want to see!  Quote:   “Saleh proposed on Saturday to raise the volume of investment in six sectors to double growth rates…”  …Iraq needs to take that money that they make from the oil revenue and start rebuilding a lot of the different sectors…which has been happening ever since Al-Kazemi has been in office…if we’re thinking about changing the overall exchange rate of the Iraqi dinar you must first have a very secure economy…the private sectors – let’s get them rocking and rolling!

Militiaman – Dinar Guru  Sadr…gave a 40 day period out to the Coordination Framework to form a government and they are said to have failed. Also, this week we have seen that Sadr gave the independents up to 15 days to form a government with the Sadr’s block. An article suggests that the Independents could actually get on board within days and wa-laa here we are seeing them meeting tomorrow…there was approximately 220 seats under Sadr that didn’t get him the 2/3 majority. But, if the independents come on board adding 35+-  seats may give Sadr what he needs to form the government.

Frank26 – Dinar Guru   The ISO was to put the IQD in a position to go international.  For trading International.  To pay their bills in their own currency.  To deal with cross-border payments.  This is huge.  It’s a platform to go international.  This is the window for the IQD to go outside of its borders and float.  Or fix it.  I don’t care you can do whatever you want now…They’re going to float it in my opinion.

Pimpy – Dinar Guru   Somebody is spreading … what you would call ‘nay-say’, doubt, stressing people out.  I see it all the time in the group, people just go, ‘Oh, man the Iraqi dinar is never going to change.  It’s never going to revalue.’…we know that’s not true.  December 2020 the Iraqi dinar revalued…it went in the wrong direction.  It lost value.  [But] That’s a revaluation.  Don’t let people tell you, ‘oh, it’s not going to revalue.’ Because it’s a lie…the Iraqi dinar will revalue.  It will.  So don’t listen to what all those people say…

Clare – Dinar Guru  Article: “Minister of Finance: The financial situation is very good and an upcoming meeting with the International Monetary Fund and the World Bank is in Baghdad”  GREAT ARTICLE!  …meetings with the International Monetary Fund and the World Bank are about to be held in Baghdad.

Samson – Dinar Guru  Article:  “Iraq exceeds the Arab countries in the growth rate .. IMF: GDP willreach 9.5%“