Dinar Observer Daily

Godlover – Dinar Guru   I believe we will have our answer within the first quarter, good or bad. I expect the government to be seated, budget read, voted on & passed by parliament  within the first quarter. The opening of the 2022 budget is the ultimate thing I look for. Whatever it opens at, I believe will be the rate they use for the whole year.

RVAlready – Dinar Guru  Article:  “Article:  The House of Representatives ends its deliberative session and postpones the election of the President of the Republic”   [It’s official. No vote today]  I can’t see continuing the caretaker government indefinitely….I think the federal court will step in, if the stalemate continues…Usually, when the legislative branch causes a constitutional crisis, the judiciary steps in to solve the problem.

Kaperoni – Dinar Guru  If the dinar is ever going to go up in value (which I expect), it will be based on economic growth and success of Iraq’s economy.  Iraq has work to do by forming a gov, passing laws, creating a suitable investment environment…Iraq devalued the dinar about a year ago to encourage production in country and to reduce imports. So it’s clear until that changes and Iraq starts manufacturing their own goods, products and agriculture there would be no reason to raise the value of the dinar…

Pimpy – Dinar Guru  I heard rumors that you were told that there’s a time limit on it.  There’s no time limit on it.  There’s no tier one.  There’s no tier two.  There’s no special arrangement.  You just take the currency and get it exchanged.  Whether it’s at the bank or the foreign currency exchange place.  There’s no redemption centers.  There’s no 800 numbers…there’s no secret intel people.  One person knows when it’s gonna happen and one person only and he was mentioned in the article… hang tight and stay grounded.

Adam Montana – Dinar Guru   Great stuff, Kurds getting on board.  Also: oil is very high, so they have lots of cash…  Yes Sir!!!

Samson – Dinar Guru  Article “A deputy directs 4 questions to Al-Kazemi regarding the exchange rate and the financial abundance achieved “  Quote “the representative of the World Bank states (we have nothing to do with the decision to raise the price of the dollar, and the decision was purely Iraqi from the Minister of Finance and the Central Bank of Iraq…“

Mountain Goat – Dinar Guru   Article:  “OIL PRICE”: OIL PRICES ARE EXPECTED TO REACH $ 100 IN THE MIDDLE OF THIS YEAR”  And Iraq has what for a rate on their currency, a 1/6 of a penny?

Sandy – Dinar Guru   Article:  “Iraqi Parliament Announces 25 Presidential Candidates“    Parliament will meet on  February 7, 2022.  Candidates need to obtain the votes of 2/3 of the parliament members that being 220 votes out of 329 votes to win in the first round of voting…

Fleming – Dinar Guru   Iraq has a Plan…By 2/7/22 Iraq will have all 3 seated presidents.  2/9/22 is the date that the UNITED NATIONS declares Iraq formally international and qualified for global trade.  Immediately on or after 2/9/22 Iraq’s international rate will be reestablish, commensurate with former rate, and its present success…The US with the largest Dinar assets in the world, will be given 90 days to exchange dinars. There are no more contract rates available, since the oil contracts are no longer available…Patience is only needed for a few more days. This Watershed Event is about to wash clean all sorrow and heartache…We got this!

Adam Montana – Dinar Guru  …I believe in what Iraq has in their future, and that’s a revalue…I doubt it will be $8, but I’m OK if that what happens!  Give me .10 or $1… fine by me.

Pimpy – Dinar Guru  Article: “Brent crude jumps above $92”  This is awesome for Iraq…they have had a huge inflow of money…if they budgeted oil at $55 and it’s coming in at $92 they’re gonna have a huge surplus…they don’t have to pay no more money to Kuwait so now that money stays in pocket.  The reserves are built up.  This is looking good you guys…they need to get away from relying so much on oil to pay for everything.  I think that’s one of the biggest hurdles they’re having to deal with in order for them to do an exchange rate change…

Paulette – Dinar Guru  The “UNCC” is meeting on the 9th…It is anticipated that the UNCC will formulate a Resolution in conjunction with reviewing the Final Report regarding Iraqi compensation to Kuwait to be presented to the UNSC…. The presentation and review and hopefully vote on the Resolution if presented is currently scheduled for the 22nd before the UNSC…Additionally, Interim reports regarding the two Chapter VI sanctions will be presented to and reviewed by the UNSC on the 24th….

Adam Montana – Dinar Guru    …There’s some great stuff floating around out in the dinar world right now, and I’m pretty excited about it.  A LOT of people are fired up about this stuff, actually… and for good reason. This is going to pop eventually. That’s a given. But there’s also the chance that it could happen quickly… 

Kaperoni – Dinar Guru   the Central Bank of Iraq Governor today came out and said they’ll be no change in the exchange rate and that he is in sole control over it. Of course we knew this because it will remain weak until they create a private sector economy.

Pimpy – Dinar Guru  Article: “Nechirvan Bargain, Al-Halbousi and Al-Adhari meet with Al-Amiri”  Quote:   “Sadr stuck to his position calling for the formation of a national majority government stressing this excludes the leader of the State of Law coalition Maliki”   It looks like we’re going to be able to move forward finally and start forming the government…

Vital Brad – Dinar Guru   Kuwait – when they revalued their currency they went back up not 1 to 1, they went back up to their previous rate where it got devalued at.  So if that’s the case then Iraq’s dinar would go up to $3.22.  But a dollar might be possible.  I would take a dollar for sure.

Mountain Goat – Dinar Guru   …prior to 1990 they [Iraq] were a rentier oil economy and pumped only 1/3 of the oil… They also did not have the agricultural lands developed and certainly did not have the gold reserves or the high CBI reserves. They also did not have an offer for to join the “silk road” from China and become a major player in the world’s international economy, serving the entire middle east too. However the Iraqi dinar had a rate of around US $3 on FOREX back then…  [post 1 of 2]

Mountain Goat – Dinar Guru   …The “silk road” is huge if they decide to go ahead with it, which I believe they will and almost have to…There is still lots of hope that the reinstatement can happen shortly and I would put my money on the decision to accept China’s multi-billion dollar deal to restructure their economy and rebuilt Iraq as the pivot point to the reinstatement. Let us see what happens shortly here after this government is formed. I do not think much will happen until this is at least accomplished… [post 2 of 2]

Mountain Goat – Dinar Guru  Articles:  “AL-ZAMILI: WE SEEK TO LEGISLATE A LAW GRANTING A PERCENTAGE OF OIL IMPORTS TO CITIZENS“;  “A DEPUTY PROPOSES DISTRIBUTING THE DOLLAR PRICE DIFFERENCE FUNDS TO THE IRAQIS”  Two articles on this topic this period of excess oil revenue sharing to the people. Are they really going to do this?  …they can not do this under the program rate. This would be suicide if they did. They must go international and trade the dinar to implement this proposal.

Sandy – Dinar Guru  Unbelievable income from oil exports in the first month of this year January 2022.  Article: “Ministry of oil:  Last month’s revenues amounted to more than $8 billion”  At the beginning of the week crude oil reached $91.20 cents per barrel…world economists  are saying oil will reach $100 a barrel in the coming days…

Mountain Goat – Dinar Guru  …As far as Iraq and the reinstatement, we just need to realize that the Central Bank is going to move to conduct the project to delete the zeros and then to reinstate the dinar soon… If Iraq is to accomplish this economic growth and international trade status, they must reinstate the dinar on FOREX.

Vital Brad – Dinar Guru  Community comment “Iraq is a sovereign country. No one is going to tell them when to revalue their currency.”  The Finance Minister  FMU has the ability to decide the rate of their currency.  The IMF was the one that decommissioned their currency. They’re the ones that removed them from the world market.  They have that power to bring them back on.  Iraq needs to meet qualifications that have been in the works.  If they can seat their government the Finance Minister would have that ability to set a rate based on…oil reserves and assets…

Kaperoni – Dinar Guru  Iraq will not be randomly changing the exchange rate back to some rate pre-war. Only with the success of Iraq’s private sector economy can the dinar go up in value. It’s not arbitrary or random and the dinar is not a lottery ticket.

Nader – Dinar Guru  If they do that  [put it back to ‘previous’ 1160]  it will be at like $3.00 in a month…if they put it back on Forex.  Because right now you cannot exchange it on Forex.  You cannot buy it at the banks.  You cannot do anything with it in the United States.  There’s only one or two banks accepting it and it’s very small banks…If they put it on the Forex I think we’ll reach $3.00 in a month but for now it’s not on the Forex and it’s not in the banks it’s toilet paper like you guys say…for now we wait.  We wait.  We wait...

Pimpy – Dinar Guru  I’m starting to almost change my opinion on where the rate change might happen.  Not an RI or an RV…but you might see a little bit better than…1190 dinars.  I believe the lower value that we’ve seen in the past takes it down to 1050 dinars for every dollar which would be a pretty good little drop…I know people are jumping up and down going ‘no we want an RI or RV Pimpy!’…Like I said you’re not going to get an RI or RV until they do something about not having to rely on oil as much as they do…I think you’re going to see the dinar increase in value but I think you’re going to see it somewhere between 1190 dinars and…1050 dinars…the lower the better.

Kaperoni – Dinar Guru  Iraqi media again today posted an article about new government returning the exchange rate to what it was 13 month ago (not a RV as the guru’s say).  Unlikely to happen because the central bank is responsible for monetary policy.

RVAlready – Dinar Guru  Article:  “The Framework Announces The Move Towards Collecting Parliamentary Signatures To Change The Dollar Exchange Rate”    Remember, this is just grandstanding.  A few things to think on: Parliament does not set rates.  CBI does. It does not matter to us what the dinar rate is in Iraq.  The US rate will be set in accordance with treaty and 50 year oil future projections.  The CBI asserted its right as the sole authority in setting rates just a few weeks ago…

Vital Brad – Dinar Guru    “I heard they want to change the rate before they release the budget.”  If we can see the rate in the budget – that’s a big thing that I look for each year when that budget comes out is you can look and see what the rate is so if this thing is going through we’ll be able to see it reflect in the budget.

Pimpy – Dinar Guru   I think if they do change the rate it’s going back to where it was before.  Right now you can get 1450 dinars for every 1 dollar and before they devalued it you used to get 1190 dinars for every dollar.  I think what they’re gonna do is…put it back to the original rate.  Now there is a couple of things that have crossed my mind that makes me go maybe they might value the dinar a little bit more than that – Iraq is no longer paying Kuwait money.  All that money now stays within Iraq… [Post 1 of 2]

Pimpy – Dinar Guru  …in addition to that the price of oil keeps going up.  Meaning there’s going to be a lot more revenue coming into Iraq than before.  Does that mean they could change the rate to something outrageous like a total RV or RI?  ...Not yet…[But] I’m starting to think these increments might be a little higher…with as much money as they were putting in every month to pay Kuwait and as high as oil costs are going they’re getting a nice  little chunk of money coming right back to them… [Post 2 of 2]