Dinar Observer Daily

Vital Brad – Dinar Guru  Community comment “February for sure.”  There’s a lot of people say in February.  It’s gonna depend if Iraq has their government seated or not.  Based on how it’s looking I think they’re gonna get done quicker and it could be possible.  Hopeful …I could definitely benefit from a February RV.

Sandy Ingram – Dinar Guru   “Iraq’s President Barham Salih nominated by ruling Kurdish party to run for second term”  We do not yet know the fate of the prime minister position.  

Kaperoni – Dinar Guru  … Governor Shabibi wanted to reinstate the dinar.  Not true, he was planning to float it.

BobTheTaxMan – Dinar Guru   We have found out because I happen to have a contact in Warka that verified the information that we thought was true that they have been pretty much shutting everything down and the CBI is taking it over and cleaning it up.  Warka is going to come back out as Warka and is going to be in a position to do more than it has in the past…

MilitiaMan – Dinar Guru  Article:  “Iraqi ports confirm that no port in neighboring countries has any impact on Al-Faw”  The automation of the port is going to be a money machine! Likely the next Dubai in context of bigger. Once they go international with their REER (Real Effective Exchange Rate) , the amount of money will likely compete with the oil revenues…Iraq will have a sovereign wealth fund that will be massive in the future. They’ll be able to support their exchange rate easily…

Vital Brad – Dinar Guru  We’re going to see a lot of changes happening.  We’re going to see things tightening down.  More government oversight.  But the good news is people that have prepared, people that do hold some Iraqi dinar IMO and some other currencies…the rates…are going to be a lot higher than they are right now.  It’s a buy low sell high…It’s what they call generational wealth where our kids’ kids kids benefit from this wealth exchange… [Post 1 of 2]

Vital Brad – Dinar Guru    …IMO be prepared because I think the system, our currency as a whole is going to go through a crash…and these undervalued currencies like the Iraqi dinar is going to be a currency that benefits from this new system…we’re going through big changes.  [Post 2 of 2]

Kaperoni – Dinar Guru  If Iraq floats the currency they can gradually reduce the money supply over time and allow the dinar to gradually appreciate based on the success of the economy. That is the only way that dinar can go up in value.

Vital Brad – Dinar Guru  We’ve got a couple people in Iraq …sharing their point of view…they’re talking about the changing the rate of their currency.  Some people are saying ‘Oh, they’re just referring to going back to the 1190 rate.’  IMO unless they pull the trigger quickly it will give people that aren’t aware of this time to jump in and really load up.

Mountain Goat – Dinar Guru  So much very good news today to tell.  I can hardly hold back my jubilation of what is shortly to come…once the button is pushed the actions necessary to bring Iraq to a financial power house will be in motion.  Right now, we await the announcement for the second session of the new parliament which will nominate and vote on the new president in the same session. Then the new president, after taking oath, will nominate the new prime minister. …NOTHING will stop it. I totally believe, from what I am hearing, that the CBI will trigger the project to delete the zeros somewhere in this process soon and we can expect to see the reinstatement shortly there afterwards…I am expecting to see it sometime in February. I do not think we will get out of February without the reinstatement of the IQD back on FOREX.

Vital Brad – Dinar Guru  Article:  “Al-Sadr nominated Al-Kazemi as prime minister for the majority government”  After the government as a whole is fully seated I think it could go anytime.  The sooner the better of course …

Kaperoni – Dinar Guru  …’they’re not going to open the 2022 budget unless they raise the exchange rate.’  Yes, there is talk of this but only returning it to 1170.

Breitling – Dinar Guru  What’s coming down the road?  What does Iraq looking at?  Why haven’t they pulled the trigger today?  I’m telling you they could pull the trigger today if they wanted to.

Mountain Goat – Dinar Guru   Article:  “RETURNING THE DOLLAR EXCHANGE TO ITS PREVIOUS PRICE IS ONE OF OUR PRIORITIES”  …let me remind you what the phrase “returning the dollar’s exchange rate to its previous price” means. Some authors do mean from 1450 back to the 1122 program rate, but the CBI means back to the “Glory Days”...If the CBI wanted to revalue back to the old program rate of 1120 they would have done it already in December 2021. They do not need any change in the government to revert it back it…So, this alone tells us that something different is about to happen. They are going to get out of the program rate. This is not business as usual.

Kaperoni – Dinar Guru  Today’s Iraqi Federal Court decision appears to confirm previous parliamentary session was legit giving Al-Sadr now the momentum to move forward and begin to create a new government.

BobTheTaxMan – Dinar Guru  This is a government process.  This is going to go through a series of things they’ve got to accomplish.  They did get Kuwait taken care of…we are in a really good position for this to come to fruition...

Vital Brad – Dinar Guru  When the Iraqi dinar goes back onto the international market it’s going to be an internationally recognized currency/a tradable currency so we’re going to be able to take our Iraqi dinar down to a Forex bank (you’d have to look up your area which one actually trade foreign currency) and you’ll see the IQD – the Iraqi dinar.  You’ll be able to exchange it at the going rate…and I don’t think there’s going to be a prior rate to the public.

Pimpy – Dinar Guru  Article:  “Al-Sadr after the Federal Court’s decision:  We are proceeding with the majority government and our door is open to those we think well of”  The courts have ruled the first parliamentary session was considered constitutional therefore it continues.  This is a good sign.  Now that Halbousi has been nominated and has been voted in as the President of Parliament they turned about and they nominated Salih to be the president of Iraq…It looks like Salih is going to become the president of Iraq barring any other issues.

Breitling – Dinar Guru   The reality is what they’re doing in Iraq is they’re hitting everything.  All cylinders are hitting perfectly.  Everything is firing off and they’re doing what they need to do.

Vital Brad – Dinar Guru  There’s many people that believe we’re way out there and this is never going to happen and we’re crazy lunatics.  But what if …you found an undervalued currency that was decommissioned, a war torn country’s currency – they’re going to be back in the game and you compare it to their neighboring countries’ rates it’s going to be a very wealthy valuable currency...I could be completely wrong.  This may never happen…this shouldn’t be your end game/retirement plan…I’m just a normal guy..you got to make your own financial decisions.

Holly – Dinar Guru  On Iraq: They don’t have to wait on the government. The goal of the CBI is to change the rate, not seat the government. The new rate will match the notes. Because he promised, it is in print.

Kaperoni – Dinar Guru Iraq is openly discussing raising the exchange rate. The only talk is bringing it back to what it was 12 months ago… 1170 to $1.

MilitiaMan – Dinar Guru  …The education process is clearly in play still for all to see. Talking about the exchange rate process and it’s functions is obviously very timely at this stage. Iraq has many things to export. Oil being number one. There is an abundant amount of natural resources, etc… When they are sold in Dinars it will increase demand for the currency and support it’s value from that exportation process. The Central bank will be in a position to defend the currency to keep it appropriate for international trade. That will require and international exchange rate. Not a program rate they have at present…

Vital Brad – Dinar Guru  Iraq IMO needs to seat their government.  It’s really going to be a critical move on their part.

Mountain Goat – Dinar Guru    There is so much talk about revaluating the dinar and at the same time we are getting all these articles on the surplus oil revenues, the size of the CBI reserves, etc, etc. So how much longer can they hold off without the major revaluation and movement back to an international trading status.

Vital Brad – Dinar Guru  I was having a conversation with my fiancé last night.  We were talking about assets and a financial plan…she doesn’t have a lot of conviction or belief with the Iraqi dinar.  She calls herself a ‘realist’…she made the comment that if we took the Iraqi dinar that we have…and were to exchange them in for US dollars right now even at the current rate…what kind of funds that would free up which would really assist us in some of our goals that we’re working towards… [Post 1 of 2]

Vital Brad – Dinar Guru  It gets me asking questions – If I was to liquidate my Iraqi dinar right now and at least get something for it – I would just absolutely hate myself when it did RV. So I’m not selling…it’s only a matter of time before this all comes together and it turns out to be what happened with Kuwait.  [Post 2 of 2]

MilitiaMan – Dinar Guru   …why would they revert back to a program rate that is not nor was ever international? Why would they have destroyed massive amounts a large 000 notes. Many of us watched the video on it specifically. The accounts at the CBI showed they paid for new currency. The obvious take away is that they are doing what they said they were going to do and that is to return to the glory days or in recent terms to the predecessor. 1190 doesn’t support new small category notes. Nor does it show that Iraq will be IMF Article VIII complaint 100%… IMO

Holly – Dinar Guru   Yesterday was very quiet. No changes in the news I got on Saturday. We are in the window for the release this month… From Iraq news several articles from different political parties talking about changing the exchange rate…let’s  see what happens.

Vital Brad – Dinar Guru  Question: “I understand that those of us that are in the know about dinar will be given a 4b rate prior to the public.  Do you know why they set it up this way?”  I don’t know anything about getting any special prior rate.  When it comes to information in this industry you’ve gotta do your research.  There are different opinions about things…IMO, in my perspective, in my idea of how this is playing out – No non-disclosure agreements, redemption centers are banks, and I don’t think there’s going to be a prior rate to the public.  I think when this goes on the international market we’re going to be able to wake up and -snap- it’s going to be on there…