Dinar Observer Daily

Breitling – Dinar Guru  Iraq is going to benefit from this [Russian situation] in more ways than one.   We are going to cut Russian oil off and these countries that were buying oil are going to spool up.  They are going to be making even more money.

Pimpy – Dinar Guru  Community comment:  “I think they will change the rate because they want to.  I’m very practical.”  I don’t think they can just change it just because they want to.  There’s a lot of other factors involved.  So be a lot more practical…I don’t think there’s an issue at the moment other than the fact that it appears that Al-Kazemi’s administration wanted to make absolutely sure that they fixed the wrongs of the past and get Iraq back on track…

Samson – Dinar Guru  Article:  “Al-Halbousi announces the date of the presidential election session”  Quote:  “It was decided to set Saturday, March 26, as the date for the parliament session to elect the president of the republic.”

MilitiaMan – Dinar Guru  There are always things that seem to be popping up that were not expected. We didn’t realize there was ever going to be automation at the borders. We never knew there would be an interlinking with the CBI and E-Government with three major entities of the government, done and linked. The CBI told us they have done that quite some time ago.    [Post 1 of 2]

MilitiaMan – Dinar Guru   … and the data from the CBI showed they had allocated millions of dollars for the printing of new notes… The sanctions are lifted from Chapter VII with all payments paid up to Kuwait. They are opening international banks abroad. So, All these efforts are all showing me there is massive progress in a very complex environment that has new technologies involved that will help facilitate the new digital transformation before them and us.  [Post 2 of 2]

Sandy Ingram – Dinar Guru  New York Times Article: “Iraqi minister says high oil prices, if they last, could speed the shift to E.V.s”  As investors you want to be aware of shifts and trends that could become commonplace…those flip-flopping short-wearing genius geeks in Silicon Valley have been working on a way to eliminate dependency on foreign oil.  Iraq sees the shift coming…this is brewing in the background…

Breitling – Dinar Guru   Russia…what’s that have to do with Iraq?  Iraq is kinda in the middle of it.  They don’t want to do business with one side or the other.  They want to do business with both sides.  They don’t want to offend one side or the other.  But that’s over with.  They want west.  They want the U.S. dollar…they want to be able to do business with countries attached to the dollar.  They don’t want to do business with counties attached to the Russian Ruble…that’s an easy choice for Iraq.

MilitiaMan – Dinar Guru   …their efforts are about to be given to the citizens proportionately. The pressure has been mounting and I bet the GOI is feeling the heat on many front. Lets see how the handle the new GOI. Will it be seated in the coming days? We shall see…

Pimpy – Dinar Guru   I know you guys are waiting for the big payday and I told you IMO I thought it was gonna get there but just not overnight.  I doesn’t mean I’m right.  It doesn’t mean I’m wrong.  I’m just saying you’re gonna see it go up in increments.  How much?  I don’t know.  But Sadr is pretty serious about dealing with this exchange rate issue…

Sandy Ingram – Dinar Guru  There may never be a so-called revalue only a substantial increase in the IQD value against the U.S. dollar.

Breitling – Dinar Guru  It’s always about what markets are they [Iraq]  going to be involved with.  Always.  Once they add value to the Iraqi dinar how can they participate in those markets?  Who’s going to be able to accept it?  That’s why you’re watching Iraq go through all these banking laws – setting it up so it complies with the west…they’re restricted on what they can buy…They’re still going to sell oil in U.S. dollars but they’re going to back their own currency up with U.S. dollars and their currency will be unrestricted.  [Post 1 of 2]

Breitling – Dinar Guru  Believe it or not what you’re seeing with Ukraine is helping that.  The United States is more inclined to have Iraq comply.  Do you know why?  Because right now there is a competition…The west is trying to confirm who is with us.  Iraq wants to be part of the American western system.  End of story.  Any country that says they want to be part of the Russian system is because Russian has their proxies in power in those countries.  [Post 2 of 2]

Pimpy – Dinar Guru   I still think it’s going to be in increments.  There’s a part of me that still feels like there is going to be a change to the rate in this budget.  A small one, not major.  I think they’re going to go back to the original.  I’d like to see better but Iraq has come a long way over the last year and a half. Don’t give up hope. Newbies, you don’t have to ride the emotional roller coaster…

MilitiaMan – Dinar Guru   Article: “Al-Sadr outlines the formation of the new Iraqi government“. There is the fire under his behind.. Sadr is all for getting the ball rolling with the GOI and the Exchange Rate.

Kaperoni – Dinar Guru  [People think] Iraq is going to RV when they pass the 2022 budget. LOL. The only talk is to bring it back to what it was 12 months ago but that depends on the growth and success with their own economy.

Pimpy – Dinar Guru   What is the probability that this [reinstatement] will happen?  It’s not very high because of all the different factors that feed into the reinstatement of the Iraqi dinar.  But as far as the revaluing, if they could just stay out of trouble and continue to move forward like they have been and start rebuilding that country and focusing on the people there’s great hope that you’ll see an RV happen more than one time and eventually it’ll get up there to where we would like it to be that’s for sure.

Clare – Dinar Guru   Article:  “A statement from the Finance regarding raising the value of the Iraqi dinar”  Quote:  “…on March 14, the Federal Supreme Court will host Allawi and the Governor of the Central Bank of Iraq, following a lawsuit demanding the strengthening of the dinar.”

Samson – Dinar Guru   Article:  “What Is Required From The Federal General Budget For 2022”   Quote:  “In previous budgets, all budgets were item budgets, completely copying the ones that preceded them, with one thing changing, which is the price of a barrel, which will be the basis for calculating the volume of spending and the deficit and therefore the amount of money that is borrowed. Except last year, the budget included something else, which is the exchange rate of the US dollar against Iraqi dinar.“

Adam Montana – Dinar Guru   Article:  “Mosul Bank selects CR2 to Accelerate Digital Banking”  Quote:  “Mosul Bank has selected Irish-based CR2, one of the world’s leading software vendors in the digital banking and payments market, to accelerate its digital banking transformation strategy in the Iraqi market.” 

COMMUNITY COMMENT: All for a worthless currency, LOL??

Adam Montana:   CURRENTLY worthless.

MilitiaMan – Dinar Guru  there is a convergence of thing that may have symbiotic relationship overall.  But, the fact is the FM (GOI) is about the legality of the finance side of reforms and the CBI has the exchange rate side of things. It is the CBI that will change the rate. The FM will have the laws in place for the implementation of that rate once issued.

Pimpy – Dinar Guru  Question “How do I know if my dinar is not counterfeit?”  ...be very careful about buying anything on Amazon or anything on eBay.  There’s always a risk involved there.  If you buy it off a legitimate currency exchange they’re going to guarantee it so that’s something to think about...security features...on the dinar that you could look for – there’s a watermark mark that has a horse head.  If you hold I up [to the light] there should be horse head.  If you use an ultraviolet light…it will glow the denomination’s value.  You have a color changing symbol.  There are all kinds of things you could look on the dinar to make sure that it’s legitimate…

Samson – Dinar Guru  Article:  “The role of the Federal Court in deciding the issue of raising the price of the dollar ignites a legal dispute”  Quote:  “The dispute over restoring the price of the dollar to its previous era ignited a legal dispute…”

Pimpy – Dinar Guru   You know the restrictions are removed [off the Iraq, the CBI and the dinar] when you can go into your favorite bank that sells and buys currencies and you could walk in and buy the Iraqi dinars or sell your dinars.

Sandy Ingram – Dinar Guru  Article: “Chamisa Says Zibabwe Will Reintroduce U.S. Dollar If Elected President”   Moving to Zimbabwe for a really quick moment.  Zimbabwe has an election coming up in 2023 and one of the candidates has already promised to reinstate the U.S. dollar as the currency if he wins…

Pimpy – Dinar Guru  We know that 55 trillion dinars were printed.  If 55 trillion were still around, there’s no way you could do a rate change because even for a dollar Iraq doesn’t have 55 trillion dollars…what you needed to do was somehow-someway reduce the amount of currency that was in circulation.  We know that happened.  The rumor is 72% of the currency has been destroyed…if 72% of the 55 trillion was truly destroyed they’re still sitting at somewhere around 13 trillion dollars.  That’s still a lot. [Post 1 of 2]

Pimpy – Dinar Guru  Like I said before a lot of countries are holding the Iraqi dinar in its reserves.  What I really want to know is how many of those dollars are in the hands of the public because it could be a number that’s low enough that they could afford a rate change. [Post 2 of 2]

MilitiaMan – Dinar Guru  Article:  “Communications participates in the workshop on Iraq’s accession to the World Trade Organization”   The need for a reset to the exchange rate will come prior to ascension…This is not the first we have heard of this. This the final workshop? We shall see.. Likely it is… IMO.

Mountain Goat – Dinar Guru   …The news about the Iraqi dinar is still all about changing the exchange rate...they know they have to complete the project to delete the zeros and reinstate the dinar back to the global currency exchanges and let the market drive it.  …I will tell you when they do…the money shall flow into Iraq…the IMF just had a briefing with the government of Iraq and told them what they still needed to do. They need to back their currency or it may flop when they do reinstate it.  …I still want to emphasize that the rate is being artificially suppressed as the value has been in the currency all along. Just the oil revenues alone can sustain at least a $3+ rate…

Pimpy – Dinar Guru   Question:  “When will they reinstate the Iraqi dinar?”  That’s the 64 million dinar question…they seem to be making that announcement now – that they have no intentions on changing the rate for this year but every time they say that then you see what appears to be conflicting articles coming out because they’re still discussing it.  They’re still taking about it.  If they were truly settled on the rate they would just say so and leave it alone but for weeks now we’ve been seeing article after article on conversations going back and forth about what to do with the Iraqi dinar exchange.

MilitiaMan – Dinar Guru  There is a convergence of things that are on going that suggest there are things moving quickly now. The reduction in value of the currency on 12/19/2021 had a purpose and that purpose is over. The subject is clearly being talked about at length, that even included paying off repartitions to Kuwait and the lifting of Chapter VII sanctions. Add in that oil has risen to about $120.00 per barrel and they are automating the provinces through AYSCUDA…this week they are implementing all provinces at the borders. That income will be similar to and or equal to the oil revenues. All of which sill support the exchange rate that will benefit the citizens.