Dinar Observer Daily

Pimpy – Dinar Guru  Over the last couple weeks there are tons and tons of articles, tons of them about a lot of economic opportunity and growth taking place…they have the ability to start building up the private sector even more.  That’s what we want…that helps strengthen the dinar…

Breitling – Dinar Guru  Question:  [Will the upcoming [Iraqi] elections or the end of Iraq’s fiscal year have any bearing on the revaluation?]  No it will not.  Iraq is strictly looking at the markets.  They’re looking at how much they owe.  Remember one of the main principles – they want to get out from under the U.S. dollar.  Do they want the US dollar?  Absolutely they do.  But they want to have control of what they can spend and how they spend it and to do that they’re going to have to add value to the Iraqi currency.

MilitiaMan – Dinar Guru   …We all know…that there is to be Monetary and Economic Reforms in tandem that started months ago. This PM is one to make sure everything is in order and timely… The help of the Central Bank and Private Banks is all a part of the implementation of the afore two reform projects. One  of which is money. To get to a market economy a new exchange rate will need to be exposed…  [post 1 of 2]

MilitiaMan – Dinar Guru  The convergence of the new notes and the exchange rate needs to be quick and imo seamless.  Down to tellers and ATM machines.  The talk of the glorious history and it’s ancient glory to become again the beacon of light shown to the world is about to be exposed to the not only higher echelons, but, the citizens next, then to the world... It will also be a digitally transformed currency with all the glory of the past. IMO… Lets see what this weekend brings us…  [post 2 of 2]

Mountain Goat – Dinar Guru  Article: “DIRECTIONS TO DIVERSIFY SOURCES OF INCOME AND INCREASE REVENUE”  Yes, Yes, Yes…this is what the World Bank, IMF and the US Treasury has been screaming about for over a decade for them to do.

Mountain Goat – Dinar Guru   The news this period is all about implementing the White Paper…The good news is on Wednesday, Finance Minister Ali Abdel Amir Allawi set the priorities of the white paper. The Minister of Finance continues to stress  that “one of the priorities of the white paper is the reform of financial management systems. How can they do this without reforming the currency too?  As I explained before the CBI is moving ahead with planning for a January 2022 reinstatement. Will they do it? Can they do it?

Frank26 – Dinar Guru  Iraq is primed.  They’re already there and they’re announcing it.  They’ve worked well with the international world and now they’re working with the citizens to get them primed and ready to go as well because once they hand them the new currency and the new rate, oh boy it cannot fail.  They’re doing a good job.  Iraq is back.  Iraq is a sovereign country.  Iraq is no longer sanctioned…stop worrying about this.  You can see that it’s happening…

MilitiaMan – Dinar Guru  The exchange rate will remain the same for the next five years.  At a program rate – that’s not what they’re talking about as far as I’m concerned because that’s this phase.  The next phase is going international.   This is not an internal revaluation.  It’s going to be an external reinstatement revaluation.  IMO that’s why they told us they were going to have a directed or a managed float for 5 years.  This…is actually ‘knock it out of the park BIG’ as far as I’m concerned…if they keep it stable that’s good for you, me and everybody…

Frank26 – Dinar Guru…

FIREFLY – The news is showing us Iraq has purchased more than 300 advanced ATM machines.

FRANK – …They want to show you how to use them.  They can’t tell you it’s a new exchange rate.  They didn’t show you the new currency yet.  But they’re showing you everything else aren’t they buddy! …BTW they didn’t just buy them, they delivered them.

FIREFLY – they’re telling us these are the most advanced state of the art ATMs an individual can use.

FRANK – These ATMs are programed for the new small category notes and the new exchange rate…there’s a reason why they’re being activated now.  You know that reason because they’ve been explaining it to you for almost two weeks…

FIREFLY – …What they’ve been saying on TV has never been said to us before as Iraqi citizens…

Kaperoni – Dinar Guru  I have stated many times before only with the success of diversifying Iraq’s economy and creating a private sector can the dinar go up in value. Iraq has a lot of work to do. There is no RV coming today or tomorrow. Only with the growth of the economy can the dinar appreciate…Raising the value of the dinar is not some arbitrary event, it’s a reaction to a country’s economic growth and inflation.

RVAlready – Dinar Guru  They need to get the RV out to the street before September. End all foot dragging by everyone. Get behind it and push. End of story. Time for parliament to quit lining their pockets, and do something for Iraq .

Petra – Dinar Guru  Let’s be clear…We have never been at this stage before. Too many timed events are occurring that lead us to believe we are in a “no turning back” scenario…Yes, we are in a very strong and multi-faceted convergence all waiting on one thing!

Mountain Goat – Dinar Guru …I am warning you ahead of time…there is no new rate for an RV in any budget in the past nor will there be in the future.

Mountain Goat – Dinar Guru  …The Iraqi dinar was ripped off of the foreign currency exchanges namely FOREX on 2003. To get a new rate back they will first need to REINSTATE the currency. When they do they will use the new financial management system devised by the US Treasury in 2011-2012. It calculates the new rates on newer and more fair criteria. They plan to devalue or revalue many different currencies all at once when they roll this out. The banks now can see these new rates since they already have the electronic tie in to this new system...      

Kaperoni – Dinar Guru   Like I have said numerous times only with the success of Iraq ‘s economy can the dinar go up in value. It is not a lottery ticket. If and when Iraq decides to create a market economy/private sector and begins to diversify resources away from oil will Iraq begin to succeed. Only then will the dinar begin to go up in value.

MilitiaMan – Dinar Guru   Article quote: “The government has not implemented many articles and paragraphs of the general budget law for the current year until this moment due to the objection and observations of the Ministry of Finance and other ministries on the articles of the law, which led to the delay in its implementation.”  “Until this moment” they say.. Interesting the 2021 budget is in the news lately…They are not going to keep harming the citizens..imo… Fairly certain then if need be there is an emergency… It is called Article 8 with a new rate...lol We are imo seeing things shape up globally and gearing for a very big event…

Mountain Goat – Dinar Guru  The ONLY indicator of an upcoming RV for us now is to wait and watch for the launching of the project to delete the zeros…The CBI has just recently told me they are on notice within the framework of the White Paper that they will be launching this project. They could not give me a date because they have not yet worked out a firm date within the other projects and timelines…I want to explain how they will launch and roll out this project… [post 1 of 3]

Mountain Goat – Dinar Guru  So one day we will not just “wake up” and see a new RV rate on FOREX…Instead, the plan of the CBI is first to launch the lower denominations and replace the currency (thus the project to delete the zeros). This is our first sign they are moving ahead. They will then RV the rate very close to a dollar WITHIN Iraq and only within Iraq or maybe just delete the zeros so 1140 becomes $1.14 by just moving decimal over 3 places. Let me say it again – ONLY WITHIN IRAQ! If they do this technically it is not an RV it is just deleting the zeros as the rate is actually the same. Get it?...  [post 2 of 3]

Mountain Goat – Dinar Guru  But for us as investors we do not replace our out of country holdings on the currency with lower denominations as we are told these three zero notes will be held and used by the banks for inter-banking transactions in the future. So they will be worth lots of money. For instance, in my example: $1.14 x 25,000 note could be worth $28,500 US dollars. If they go to FOREX with a $3.65 rate a 25,000 dinar note could be worth outside of Iraq $91,250 US dollars. No, the Iraqi banks will not get rich overnight as they will have to turn in the larger 3 zero notes to the CBI to get the lower denomination equivalent. Get it? Nobody gives out FREE money. [post 3 of 3]

Mountain Goat – Dinar Guru   …today in our news for this period we hear that they have done exactly what Allawi said they would do way back from oct 2020. It is almost 9 months later but they got it done and our now moving head on implementing the White Paper. Boy are they so slow in getting anything done and that is part of their problem.  That is why we wait for the RV so long.

Breitling – Dinar Guru  Until they start passing laws the White Paper means nothing.  That’s number one.   Number two is Iraq doesn’t need to pass any more laws for them to add value to their currency.  What they need to do is just make sure they understand what the markets are as far as oil prices/futures are, be able to pay off their debt and then have enough information to add value to their currency…but economic reforms and stuff like that they don’t need that to add value to their currency.

BobTheTaxMan – Dinar Guru  When you do “cash in” make sure you take care of your tax liabilities.  The same day you get it done go take care of it.  How do you know how much to pay?  This is where you get professional help.  You’re going to go talk to someone who knows what they’re doing.  Tell them what you’re doing.  They’ll be able to look at your tax returns and look at your income and figure out what you can expect to pay in anticipated taxes.  And then go pay them!

Mountain Goat – Dinar Guru  …We know that a couple of the provisions in the white paper are to stop the currency auctions and to finally complete the change over to the newer lower denomination (project to delete the zeros).  But what we do not know is how long it will take them to do it. They did tell us the existing rate will remain to at least the end of this year. Is this a hint that maybe they are considering something in January 2022 as we know this is the best time to do a major revalue and reinstatement? But we can only speculate at this point…

Kaperoni – Dinar Guru  …The white papers have nothing to do with Iraq’s exchange rate. White Papers are a road map of sorts to  implement a private sector market economy.

Breitling – Dinar Guru  They [ Iraqis ] are fine.  They’re doing very very good.  They are going to revalue their currency.  They’re going to add value to the currency.  And they better because one of these days oil isn’t going to be what it’s worth.  And it’s coming and it’s going to be coming quick.  They have an opportunity/a window here.  They’re smart.  They devalued their currency on purpose so they could get rid of some of their debt…nothing to worry about.  Good news coming down the road…  

MilitiaMan – Dinar Guru  …Aside from any triangulation that has been done by me and others, and that we have gleaned from just about all 4 corners of the world, support that our event we are waiting for is just about upon us. Pointing out that the debt ceiling issue lately is real…They are to extend the debt ceiling by a couple days by doing another Bond Sale for Tuesday – Wednesday next week for 126 billion…Before I received the news article yesterday about that increase, I was called by a source. I was told there would be an additional allowance of time for things to take place and there we have it, imo that increase buys time. IMO we are seriously close now.

Mountain Goat – Dinar Guru  We will get an RV soon (the one we all want as investors)?  I have to [be] honest with everyone reading this… There are some subtle hints from the CBI that they are working towards a date for a big change in the rate of the dinar. I do not want to start any rumors. Could this mean just going back to the pre- December 2020 rate? I will be watching this step closely and when I learn of changes I will let you all know.

BobTheTaxMan – Dinar Guru   You always want to reduce those taxes.  My suggestion is if you only have a little bit – take enough out of it but if you want to buy that house borrow the rest of it.  Right now the interest rates are incredibly low.  I mean phenomenally low and that’s a heck of a lot better than paying those outrageous taxes by cashing in your IQD…all in a hurry just to satisfy buying that house only to have it bite you in the butt.

Pimpy – Dinar Guru  If that day happens when there’s a RI or RV of some significance that is worth celebrating for, trust me it’s going to spread like wildfire.  You’re going to hear about it.  You just skip on down, go to the bank…deposit your money, pay off your bills and you’re good to go.

BobTheTaxMan – Dinar Guru   Keep your taxes as low as possible.  Not only does it save you money but it’s the best answer.  We’re in this investment.  We’ve been in it a long time.  14 years for me…taxes are the biggest hole in your financial ship.  We want to make sure we keep them as low as possible.  So we deal with immediate taxes – this is where the RV happens and you “cash out”.  My suggestion for those who have less than 5 million, cash in enough to meet your goals.  Make sure you keep it down.  [post 1 of 2]