Dinar Observer Daily

Pimpy – Dinar Guru  Everybody’s talking about, ‘hey there’s a new dinar, a new crypto dinar that’s out over there in Iraq.’  That’s the new rumor that’s going around.  It’s not new you guys.  There’s all kinds of tokenized dinar.  You guys just didn’t know about it.  It’s been around for a while…cryptocurrencies for the dinar have been around for a while now.  They’re backed by gold.  I do like that.

MilitiaMan – Dinar Guru   [Kazemi]…what did he do?  He showed them the money.  How did he show the money?  He told you… we’re going to value our oil in dinar at 45 dinar to a barrel.  It’s basic.  It’s that simple.  He did it…Who did he do it with?  He did it with the King [of Saudi Arabia], who is the head of what?  One of the head honchos of OPEC…this is really powerful stuff.  It’s effectively going to be a global situation.  It’s not going to be just about Iraq anymore…all boats rise with the tide and here we are…

Petra – Dinar Guru  What happened last week with the oil money. Everybody know about the Petrodollar [Oil based on the US dollar]…they announced they had calculated the oil revenue in dinars.  That was huge.  That is an indication that they had de-pegged from the U.S. dollar.  The fact that they calculated the rate…is very very exciting.  I think that’s a major major move last week.

Kaperoni – Dinar Guru  retweet:  Masrour Barzoni PM of Kurdistan Region of Iraq “Parliament has backed this cabinet’s actions to get rid of barriers to new businesses.  We’ve cut processing from 32 days to 1; visits to govt offices from 50 to 1; and cost by over 90%. We’re paving the way, so our entrepreneurs can build a better future for Kurdistan -mb“.

Desert Advisor – Dinar Guru  If they were to do something huge how would they go about it?  Look back to 2003 when they did a banking overhaul/new currency…LA Times…How they did it…basically you take your stack of 25000 dinars and now you get 25,000 dinars but in smaller categories.  Maybe you get 20000 back plus 5000 in smaller bills…That’s pretty much what they did.   [In 2003 going from Saddam notes to current notes].  It was successful.  Everything was fine. 

Pimpy – Dinar Guru  What they’re going to do is make sure that their economy is on solid ground before they make any real significant changes to the rate which is important. We want them to develop their private sector.  That looks good.

MilitiaMan – Dinar Guru   Article:  “The Central Bank participates in the first conference to activate the role of the business incubator”  Here is another example of supporting evidence that going to a market economy is in full steam ahead…The re construction of a country is going to be massive and explosive going forward… I suspect in the coming months Iraq will be on everyone’s radar…Imo… Exciting times are here!  Telling us they are evaluating the pricing of oil in Dinar is off the charts and the entrepreneurs in the room above would probably know what’s coming!  They would from all the education out lately know the exchange rate is about to be sprung! Imo.

Desert Advisor – Dinar Guru   A lot of stuff is possible.  Article:  “An Italian Artist Auctioned Off an ‘invisible sculpture for $18,300”  Quote:  “It is a work that asks you to activate the power of the imagination.”  $18,000 this guy sold and invisible sculpture.  Dogecoin, something that started out as a meme made a 10,000% return in less than a year.  Gamestop has a 2500% rate of return in less than a year.  To me anything is possible…the opportunity for Iraq and what they’ve been doing, the actions they’ve been taking, they look so strong. Very strong.  They have international support…

Pimpy – Dinar Guru  More and more Iraq is putting themselves out there on the international scene.  When it comes to the dinar I just find it very hard to believe that that they’re going to be able to keep it up with this rate once all these agreements start kicking into gear.

MilitiaMan – Dinar Guru  We have the PM Kahdimi on the 22nd of August telling the world he has a 2021 – 2023 plan with 33 pages of information on the White Papers, digital transformation, etc.  Then days later on the 26th of August we see his advisor and  the Finance Minister telling us the 2022 budget will be completed and and presented to the Council of Ministers within 3 weeks and then again suggesting it would be within 3-4 weeks…3 weeks from the 26th of August gets us out to the 16th of September or within that time frame…The citizens all want purchase power and support not only in respect to their finances, but also fair and transparent elections… [Post 1 of 2]

MilitiaMan – Dinar Guru   Well, it looks like they were told they have de-pegged from the US Petrodollar and are using the Dinar evaluating the price of oil.  It suggests with simple math that 45 Dinar to a barrel of oil is fairly simple to figure out. By doing so one can deduce there is purchase power in what the calculation shows. Thereby, supporting the high level of finance…The electoral process is expensive. The budget has what is needed for all that within it. Thus, the need for a change to precede elections. Therefore, we can deduce, the new exchange rate will need to be sorted if it has not already as of today, as the PM says they fulfilled the requirements. If not in todays meeting, then it would likely be sorted this next Tuesday when the COM normally meets.. [Post 2 of 2]

Desert Advisor – Dinar Guru  Is it possible to do an RI/RV overnight or is it going to take the reform and white paper development over the next 5 years?  I don’t know...it’s funny because people are saying, ‘Oh it’s not possible because of ‘this’.  Oh, how can we do this because of ‘this’. It’s never happened because of ‘this’.  I just think it’s hilarious that anybody can have the audacity – because they can’t figure it out – it’s not possible.  That’s a lot of arrogance to me…I think most of us or all of us can agree it’s not “if” but “when” Iraq gets to their rate…

Pimpy – Dinar Guru  Is that right?  Did I hear a rumor they want to reinstate the rate?  That’s what everybody’s talking about… Article:  “Parliamentary movement to change the dollar exchange are in the 2022 budget”  Are we getting the RI here?  Be careful about how you read these articles…  Quote:   “Economy investment committee revealed…the existence of a parliamentary movement aimed at changing the exchange rate of the the dollar against the dinar and the draft budget law for the year 2022…”  Parliamentary sure is pushing back hard.  They want that rate change to happen.  We know the new budget is coming out…they’re talking about moving the price down to 1190 dinars for every dollar.

Mountain Goat – Dinar Guru  I have to clarify…what…is being televised on Iraqi TV. They are simply telling the people they want to go back to the pre-December 2020 devaluation rate for the dinar. Would this be a revaluation? Yes, it would, but obviously it is NOT what we are looking for…For what we want, we need them to conduct the project to delete the zeros and bring the dinar close to $1. Then to reinstate it on FOREX. This is something that is not just going to happen overnight…It is a process and we are going to get plenty of advanced notice when it is time…

Mountain Goat – Dinar Guru   Our RV news this period is VERY GOOD. We heard from the Finance Minister Ali Abdul Amir Allawi as he confirmed once again that the white paper “seeks to fundamentally change the nature of the Iraqi economy”. WOW! What good news this is!…This is the guy that is going to add support for the currency reform we are looking for. In other recent past articles he talked about the necessity to put the IQD out on a managed float on the global market place and he did reference FOREX itself. This was WOW news for me and so we sit and wait for his next move.

Mountain Goat – Dinar Guru  The RV is coming soon…The process has not changed as it was given to me (us) in 2011 from the CBI. First the project to delete the zeros, then the follow up of a reinstatement to FOREX.  

Pimpy – Dinar Guru  I’m aware of how many trillions of dinars they have…we know they created 55 trillion, says so right on their website.  What I talked about is the fact that for 5 years they spent between $1 ad $1.5 billion of oil revenues buying dinar off the open market. No body knew how many of them they bought, how many were destroyed.  We know they destroyed them, there’s confirmation of that…72% of the dinar was destroyed.  Not the old dinar, this dinar that we’re playing with right now 72%…not to mention the amount that was burnt up and destroyed by ISIS and the number of dinars that were destroyed during the flood. [Post 1 of 3]

Pimpy – Dinar Guru …The truth is we’re not exactly sure how many is out there in circulation.  But I understand what you’re saying.  When I first got into this I was like there’s no way in hell, they have way too many of them.  We know the United States is holding between 11 and 14 Trillion of it and we know central banks are holding on to God knows how much.  There’s also private entities that are holding on to God knows how much…. [Post 2 of 3]

Pimpy – Dinar Guru  I think the reason why it’s important for them to recover the stolen funds is so they can have a more accurate idea of how much is in circulation so they can decide whether or not it’s feasible for them to do a rate change that high.  It’s possible they could come out and make some kind of announcement and do an RI or an RV but my feeling is they’re going to go up in increment whether it’s fast or large increments it remains to be seen...But yeah I understand what you’re saying.  I agree there’s no way in God’s green Earth they’re going to make an announcement with 45 trillion dinars…72% of it destroyed, that sill leaves a lot of trillions so I get what you’re saying.  I appreciate the shout out…  [Post 3 of 3]

Kaperoni – Dinar Guru   …the auction are a BALANCE between dinar and dollar. That being so, there is no way to reduce the money supply with the auctions. Any attempt to do would cause one or the other currency market rate to change. They are trying to keep it stable, not cause further devaluation…when the exchange rate is stable, be assured it is because they have done a good job supplying one or the other to meet demand…And if we know anything, is that the CBI is pumping more dinar not less into the market since the money supply is now around 80 trillion dinar.

Desert Advisor – Dinar Guru  Article “Al-Nusari: Monterey stability represents the starting point for economic stability”  Before you can reform your economy you have to reform your monetary policy to make sure the foundation of your economy is strong.  Are they going to work on the .006? That’s what everybody is waiting for most…

Mountain Goat – Dinar Guru   …Welcome to September! Yes, we are off to a VERY GOOD start as things are really progressing in Iraq… the Finance Ministry (part of the GOI) wants currency reform…Sounds to me that the Central Bank of Iraq (CBI) may be considering launching yet even lower of the lower denominations in the coming months. Will they just launch all the rest of them or just the 2 notes in sequence 50, 100? How can they unless they increase the rate of the dinar or the notes will be literally “worthless”...

Militaman – Dinar Guru  Article “Iraq and the United Nations sign a framework for joint cooperation in a number of fields”   …The timing is very interesting. Tomorrow morning the meeting is to take place and two key components within the frame work are the development of the private sector and the government reform plan within the white paper…If there are any other shackles holding Iraq back from getting into the private sector, it may very well be done with post tomorrows morning meeting.  I recall the UN has had a hand in Iraq sanctions since 2003. Many were lifted. Is this meeting about the last sanction left, the devalued currency since the last war? I am not sure but, the timing looks perfect.

Pimpy – Dinar Guru  It’s looking good.  The more Iraq keeps taking a leadership role opening up to the international community, getting away from relying so much on oil, open up the private sector.  This is good. I can’t stress this enough It’s going to be really hard for Iraq to rebuild its country when the value of the dinar is so low.  The cost of importing things from other countries are going to get really expensive.  They don’t have anything to export so there’s no need to want to lower/devalue currency…everything is looking groovy.

Kaperoni – Dinar Guru  The Central Bank of Iraq tonight in the news stated that they’re going to be changing the exchange rate of the Iraqi dinar. It seems like they were talking about going from 1460 to 1450 in an attempt to encourage investment. Not the kind of significant RV people are wanting…The change does not seem to state the new rate but it mentions the current rate of 1460…

Desert Advisor – Dinar Guru  Article quote “Floating the currency is fully or partially liberalizing the currency exchange rate”.  They are not fixing the exchange rate.  They’re letting the exchange rate go on to whatever market price that it settles at.  Free market basically.  Amazing…1.  They changed the exchange rate and 2.  Now the exchange rate is floating.

Kaperoni – Dinar Guru  … he thinks Iraq can pass Kuwait’s exchange rate. Kuwait only has about 40 billion dinar in circulation, while Iraq has well over 45 trillion.  They either need to significantly reduce the currency in circulation via a float over time or they would have to LOP/re-denominate as I’ve already mentioned reducing trillions to billions.

Pimpy – Dinar Guru  If Kuwait dollar is the most valuable currency and you see how much more stronger Iraq is what in God’s green earth makes you think that Iraq has not potential to not only catch but pass up Kuwait.  We know they [Iraq] have all kinds of problems with the government and corruption.  We get that.  But here’s what those naysayers say, unstable government/corrupt government but what they never tell you is ‘what if’.  What if the government is fine.  We know Al-Kazemi is kicking but right now.  The corruption is down.  What if the government becomes stable.  They don’t tell you about that ‘what if’ scenario.  So I’m telling you what if…it is clear Iraq is a much more productive country...I do believe without a doubt that Iraq’s currency will be and should be a lot more valuable than the Kuwait [dinar]...

Desert Advisor – Dinar Guru  They changed the exchange rate but they haven’t said what it is.  A lot of speculation was, ‘Okay, they’re gonna share it during the conference.’ You had 9 different countries there – Kuwait, Jordan, UAE, Saudi Arabia, Turkey, Lebanon, Iran, France, Yemen.  They didn’t publicly announce what happened however Kazemi posted on twitter “We succeeded in holding the Baghdad Conference for Cooperation and Partnership, and its repercussions were great locally, regionally and globally.” So that meeting was great for them on a global level…

Breitling – Dinar Guru   The taxes coming from Biden is a massive threat.  It is a massive threat.  You need to get your stuff in order…timing…Let’s say if Iraq does…get influence from Iran and then they revalue.   Then what is our strategy?  Get out as quick as possible because the value is going to go down.  You have to be in your tax strategy already.  You can’t wait.  You can’t say when all this happens I’ll do it.  It takes time to set this stuff up...