Dinar Observer Daily

MilitiaMan – Dinar Guru   Article quote: “The decision to reduce the dollar exchange rate in the local markets is exclusively in the hands of the Central Bank of Iraq, according to the law, and no one may act on it without a decision from the bank.” ?     IMO the laws are in place now…The bank has the ability to change the rate when ready. There is a government in place today, is there not? Just as there was when they devalued. imo

Pimpy – Dinar Guru  There are still restrictions on the currency…Iraqi dinar.  Remember they just finished paying off Kuwait… They officially announced it. We have not heard any more chatter about chapter VII and we know they’re still on the blacklist in the EU.  They’re working really hard to accommodate the European Union so they can get removed…That blacklist prevents the European Union from working with Iraqs banks because they’re accusing the banks in Iraq of funding terrorism and laundering money…there’s still a couple hurdles that Iraq has not got passed yet before they can make any major changes to the rate…

Samson – Dinar Guru   Article:  “Vietnam new Asian tiger: Business Times”  Quote:  “Once among the poorest countries in the world, its economy is now booming and the World Bank describes it as one of the most dynamic and emerging countries in the entire East Asia region, Business Times said in an article published last week, calling Việt Nam a “new Asian tiger.”

Pimpy – Dinar Guru   Article:   “Al-Maliki comments on the dollar crisis and directs a request to the Central Bank of Iraq”    The Coordination Framework is really pressing for a rate change.  They’re really kissing butt to the poor people.  Why is that you suppose?  These are he same people who put the poor people in the poor position by stealing from the people, embezzling, smuggling money out, very corrupt…this is why Sadr is not going to include him in the government under any circumstances.  He is hell-bent on going after all of those individuals…

MilitiaMan – Dinar Guru   Article:  “After the unexpected position of the Minister of Finance, an economist expects different scenarios for the dollar crisis”  Quote:  “people should dispense with their “dollar” savings and transfer them to the Iraqi dinar.”  …they are not selling dollars for Dinars. They are allowing sales of dollars though for dinar. All of which is a bonus to the citizens IMO… They’ll make a lot more money by doing so now with the new rate and purchase power to come… IMO.. If it works out this way, it is brilliant. IMO

Pimpy – Dinar Guru   Tons and tons of chatter about the exchange rate…over the last two days it has been non-stop news about the Iraqi dinar exchange rate.  I know you guys are looking for an RI or an RV… What they were talking about doing in the white papers comes to find out was they wanted to bring it to 1200 dinars for every dollar which is an improvement from where it is [1450] but still worse than where we were…1190 for every dollar…From where we are right now that’s a 27.5% increase in value.  Not exactly what you wanted but still going in the right direction.  My thought is that it would go up in increments – I still feel that way.

Mountain Goat – Dinar Guru   Article:  “IRAQ’S FOREIGN RESERVES ARE A TREASURE IN A RUINED HOUSE”  Ok, so we finally get the truth. This is translated to USD $91 billion. Didn’t the fake Iraqi news media just tell us earlier…it was only USD $64 billion?  ...I told everyone many times this was much, much higher and they were not giving us the correct information. But now the truth is out…

Pimpy – Dinar Guru    There are tons and tons of articles…about the exchange rate.  They want accountability.  They want to know what’s going on.  They want to know why it is that oil prices have been shooting up but the dinar rate still stays the same…we know the budget hasn’t been voted on yet so who knows maybe they will make a change to the rate in there…

MilitiaMan – Dinar Guru  The dissolution of the committee with the UNSC on Chapter VII is slated for finality on 02/22/2022.. I suspect the IMF will make the decision to accept the new exchange rate and re instate the IQD to Article VIII…Let’s see what they do next. I’ll bet it is going to be powerful!!!

Dinar Investor – Jeff   The reforms are waiting on the formation of the government and the next reform step is the rate change.  Basically everything’s waiting on the formation of that government and then we can all get blessed with our rate change.

Nader – Dinar Guru  We don’t want it like that.  We wanted at least 1 to 1.  We don’t want it on 125 or 144.  We don’t give a damn about that.  Seriously we don’t give a damn.  You know we’re tired.  Listen.  Each time I travel for business, for anything like that, it cost me a lot of money.  Tell you the truth sometimes I travel for business I lose money…125 doesn’t change anything for us.  We have to go back at 2002/2003.  The rate have to go back to normal.  This is not normal guys.  This message is not for you guys.  This message is for the government of Iraq.  It’s for the CBI…I want to reach the government of Iraq.  I want to reach my government.  I want to reach my people to let them know that’s it’s enough.

Pimpy – Dinar Guru  Article: “Baghdad markets are closed due to the decline in dollar exchange rate”  That’s interesting.  Quote:  “The exchange rate of the dollar fell against Iraqi dinar.”  That’s what you want – the dollar to go down against the dinar.  That means the dinar is gaining on value against the dollar.

Pimpy – Dinar Guru  Dinar rate change talk as usual.  Remember Sadr when he campaigned he said he was going to do something about the exchange rate.  Now having said that, calm down.  We don’t know what it means.  There’s people out there thinking they’re going to reinstate the old rate…$3.22…There’s nothing out there that proves that.  The only thing right now that we hear about is Sadr wants to change the rate back.  It could be the 1190 dinars for every dollar…but lots of news about this.  Sadr’s government is not even formed and already he’s putting a smack-down on criminals, corruption and doing something about helping the poor out by changing the rate of the dinar…

Militiaman – Dinar Guru  The need to keep things under wraps for the project [to delete the zeros] is very important. Evidence…not seen doesn’t mean there is none to be seen. It just may mean it is and rightfully so, not to be seen until the time is set for exposure.

Mountain Goat – Dinar Guru   Article:  “AN ECONOMIST CRITICIZES THE PERSISTENCE OF DOLLAR PRICES AT THEIR CURRENT STATUS”  By Wednesday of this week oil was as high as USD$95.

Samson – Dinar Guru  Article: “Rejecting his invitation to Parliament by Al-Sadr…The Minister of Finance sends a letter to the Prime Minister”   [The Minister of Finance is not going to Parliament to discuss the exchange rate.]

Militiaman – Dinar Guru  Article: “After al-Sadr’s tweet, the Iraqi parliament summons the Minister of Finance and the Governor of the Central Bank”  I’ll bet there is nothing in the world now that is going to stop this Man, Sadr.  He has been on fire for months now…He has told the citizens he was pro exchange rate change at the start this year. He is on track for that today, too…The CBI has the rate and the Finance Minister has the laws to allow the money to be spent. This not for later it is now, immediately…

Pimpy – Dinar Guru  Article: “Al-Kazemi’s advisor:  It is time to address the side effects of changing the exchange rate”  What do you think it means Pimpy?  I think it means exactly what it says.  They’re going to address the exchange rate.  I know what people want my answer to be but I’m not going to make that kind of commitment because there’s nothing out there that indicates this [A big RV].  All they’re talking about is changing the rate…I’m just gonna go on the assumption that they’re going to change it back to the 1190 dinar for every 1 US dollar…if they actually dropped it down 1050 dinars for every 1 dollar you’re looking at about a 27.5% increase…

Dinar Investor – Jeff  The Central Bank is telling us at this time especially through the fact that they’re working on doing a three-year budget, the reforms, everything else that they are on track to revalue the currency.  We do know they have to form the government first…

MilitiaMan – Dinar Guru   …The Kurds apparently have been tapping the oil kegs to the tune of up to $65.00 a barrel and for years and years on end…Sadr wants the HCL applied by the Federal courts decision… Well, the courts finally laid out the facts and that is the HCL is going to be appropriated fairly per Federal Law…lets not forget that there was a major event between Switzerland and Iraq regarding stolen monies…It is suggested to be in the hundreds of billions…All that money stolen will support this new exchange rate…

Mountain Goat – Dinar Guru   Article:  “IRAQ EMBARKS ON DIGITAL TRANSFORMATION AT ITIEX INTERNATIONAL”   We have known since 2011 that part of the banking reforms was to digitize the banking system and bring technology to point of sale out to the citizens. This will make it much easier to convert the three zeros later.

Dinar Investor – Jeff    Article: “Deputy Speaker of Iraqi Parliament to New York to participate in a United Nations Session”  Iraq…in June 2013 got out of Chapter VII sanctions and they went into Chapter VI…with the remaining money owed to Kuwait and then they recently paid Kuwait in full.  That brought them out of the Chapter VII sanctions.  At this point they’re no longer under any kind of sanctions from the U.S. or U.N…now this gentleman goes to New York to participate in a U.N. meeting session…they’re working with Iraq to get them into the international community…

MilitiaMan – Dinar Guru  Article:  “Mazhar Muhammad Salih talks about the dollar exchange rate in the general budget”   He knows the process…IMO.   Quote:  “fact of the move to raise the dollar exchange rate and fix it”  Then drop the three 000’s IMO.

Mountain Goat – Dinar Guru  “WORTH $27 BILLION… AN “IRAQI – FRENCH” DEAL IS THREATENED WITH CANCELLATION DUE TO DISPUTES”  Remember they also have a 500 billion deal with China and the “silk” road waiting in the wings too. Can it get any better? All they have to do is get the new government in place and make it an honest away from Iranian influence. Can Sadr do it? How can they possibly keep the dinar at 1/6 of a penny if these deals go through…

Kaperoni – Dinar Guru   Confusion once again referring to UN Chapter 7 as the ability for Iraq to float their currency internationally.  Chapter 7 has nothing to do with monetary policy which is guided by the IMF…The UN will probably recognize Iraq has completed payments to Kuwait …with little fan fare.

Militiaman – Dinar Guru  Article: “After the barrel price reaches 95 dollars, will the exchange rate be restored?” Quote “The current government is a caretaker government, and the political situation is turbulent, so it is unlikely that the exchange rate will be restored before the new government is formed.”  The CBI devalued the currency with the same government caretaker…it is not imo the main focus of the CBI. It may be a focus for propaganda purposes in the scheme of things, as past revaluations support that there is in fact a component of just that. Even Dr. Shabibi … mentioned that propaganda was one component of many.

Samson – Dinar Guru  Article:  “Three Countries Embrace $360 Billion Of Iraq’s Stolen Money”  Quote:  “…the total amount is estimated at about 360 billion dollars and deposited in Turkey, the UAE and Jordan…the UN Security Council urged Switzerland to cooperate with Iraq to return its smuggled money…”

Mountain Goat – Dinar Guru  Article:  “AFTER PAYING ALL COMPENSATION TO KUWAIT… HAS THE IRAQI ECONOMY BEEN LIBERATED?”  Quote:  “Iraq must submit a request to the Security Council, in order to transfer it from Chapter VII of the Charter of the United Nations to the provisions of Chapter VI of the Charter”  We as investors have waited since 2004 for this and now it is here…Hurray!!! It is all moving in the right direction. Better days are ahead.

Samson – Dinar Guru  Article:  “Criticism Of The Government And Assurances That The Budget Will Not Be Passed Without Adjusting The Dollar Exchange Rate“

MilitiaMan – Dinar Guru  Article:  “After the barrel price reaches 95 dollars, will the exchange rate be restored?”  Quote:  ‘Al-Maksusi confirmed the possibility of returning the dollar exchange rate to its previous rate, but not at the present time.‘  That is exactly what they are going to do, as promised by politicians. They are going to complete the project to delete the zeros…They are not going to to tell the world that they are going to change the exchange rate with a specific time and date. That would be suicide, likely illegal and or both… Not to mention insider trading, counterfeiting, leakage, etc., etc.