Dinar Observer Daily

Mike Cottrell – Dinar Guru  …I do believe we are very, very close…whether it is this weekend, next weekend or next month…I have no idea. I know they are running out of time if they want to get their books straight.  I was told they are trying day to day to get this done…

Adam Montana – Dinar Guru   This anticipation is kind of getting to me.  Article quote:  “The House of Representatives voted today on the General Budget Law for 2021…”  We are ridiculously close to seeing some HCL info…WTI is currently in the $61 range. The budget was formulated at much less than that. This is GOOD.   HCL is on the way…  GOOOO RRRRRRR-VVVVV!!!

Kaperoni – Dinar Guru   Yesterday, direct from the Finance Minister when referring to the exchange rate stated this… “The current price of the Iraqi currency against the US dollar after its devaluation will continue for a long time, and a full float may occur in the future, but the…central bank will now work to maintain the current exchange rate level for as long as possible.”  I think that is pretty clear. And as I stated before, a float is how monetary policy works. Only with the success of Iraq’s economy can the Iraqi dinar go up in value. With the recent passing of the 2021 budget, we have to hope this is the beginning of a prosperous Iraq.

Pimpy – Dinar Guru  I do think it’s [dinar] going to rebound.  If they can keep stable with no issues and do away with as much corruption as possible like they’ve been doing and they start doing these private sector build ups, yeah you’re going to see the currency rebound.  I think it’s going to happen quickly.  Sure it might not happen overnight but IMO it’s going to happen quickly enough…

MilitiaMan – Dinar Guru  Article Quotes: “Iraq is implementing its reform plans towards fiscal and monetary policy.“;  “his governor participated, as a representative of Iraq, in the spring meetings of the International Monetary Fund.”  Sounds good to me…But, we knew this already…They have been working to complete now for a long time and have finally got where we need to be…or where they are to be…Just like we have been told that they are having meetings and they are on going… Well now it is show time… IMO…

Breitling – Dinar Guru  You need to be prepared.  Taxes are going to go up.  They’re about to skyrocket.  It’s everybody who has made $200,000 on up.  Most of you are going to cover that when the dinar revalues.

Dinar Investor – Jeff   Anyone who put their primary focus on the budget fell right into their trap and was played for a fool.  Article:   “Parliament votes on the 2021 budget bill in full”  Remember I told you the rate wasn’t going to change.  It was going to stay exactly where it was at?  Article: “parliament votes on the first article and fixing the dollar exchange rate“…they’ve adopted the exchange rate of 1450 per dollar…Article:  “The House of Representatives decided in its meeting held today, Wednesday, to convert the federal budget for 2021 from the dollar to the Iraqi dinar”  that’s a stability step.  That’s good…but…they have no intentions of changing the rate anytime soon.

Pimpy – Dinar Guru  We know that some countries are holding on to large amounts of IQD – That I can validate.  I can tell you that’s for reals…70%-72% of the money is accounted for and not sitting in the hands of speculators and not sitting in the hand of the corrupt people…people were like, ‘if you go to reinstate they’ve printed way too much money.  There’s no way they can afford that.‘  Well you’re assuming that all the money is in the hands of speculators out in public.  I’m saying it’s not.  It’s in the hands most of the banks… [post 1 of 2]

Pimpy – Dinar Guru   As they start accounting for where the dinars are and they’re doing that right now, you can understand the difference between trying to reinstate a rate where 85% of your currency might come back at you all at one time at a rate of $3 per dinar.  That would kill an entire economy…If you remember the articles when Al-Kazemi was like ‘where the hell is our dinar?’  There was very little there in country…They started investigating further and they started taking this money back…I can tell you that a good portion of this money is being recovered but there’s still a little too much out there for them to reinstate a rate…this is just speculation on my part based on the tidbits of information that we get when we speak to people who are currency movers… [post 2 of 2]

Kaperoni – Dinar Guru  The 2021 Iraqi budget was voted on and approved today. They have recessed to April 10th. The minister of finance stated today that the exchange rate of the Iraqi dinar will stay at 1460. And in the future, a full float is possible. Of course a float will eventually occur.  That is how monetary policy really works.  There is no random acts.  As Iraq’s economy grows and more and more investment comes into the country it’ll create inflationary pressure. Flotation is the answer to counter that pressure.

MilitiaMan – Dinar Guru  Article:  “Zain Cash launches a service to invite friends to register the permanent wallet”  Quote:  “One of its main services is the World Card MasterCard which operates in two currencies, a dinar and a dollar,”  This looks to be more out that supports they are going international. Operating in two currencies is an indicator of just that. Pairing with the dollar is an international action. imo…Get ready, they are getting ready too... imo.

Pimpy – Dinar Guru    People keep asking me what my opinion is on the whole dinar thing – will they take 4 years?  No.  I don’t think so.  That’s just my opinion though.  I think there’s plenty of reasons to watch the currency go up in value…Now there is another thing going on all together. I’m trying to get permission to talk about this.  We think we know what the true reason is why it has not changed yet.  We’re just trying to get confirmation and permission to talk about it…

Brietling – Dinar Guru  Question: [The issue of the HCL or the Oil and Gas Law…Do you see this issue needing to be resolved before the value of the dinar increases?]   Nope.  They don’t need it.  Period end of story.  How does that effect the rate of the dinar one way or the other?…The hydro Carbon law is they’re talking about where the money is going that is brought in from selling energy.  Specifically US dollars.  It has nothing to do with the dinar at all.  

Sheila – Guest Guru   [IF it was going to happen or it has happened…IT WILL BE INTERNATIONAL NEWS. PERIOD.]  Yes, there is no such thing as an In Country Revalue. When this activates, it’s in a flash – FOREX.

Pimpy – Dinar Guru   This whole arena, everything is speculation…Just because I don’t always agree with the other youtubers that doesn’t mean I’m after them.  I just don’t agree.  We won’t always agree on stuff.  Some of you guys believe them too too much if you ask me because you guys lose your mind…stay grounded…you should want somebody to tell it to you straight whether it’s good or bad.  That’s what I would hope…

Breitling – Dinar Guru   Question:   [Since Iraq has devalued the dinar why would they turn around and add value to the dinar so quickly or is the process to add value still a long way off?]   Nope, they can do it overnight.  Once they start adding value how quickly can they get up to a buck?  I don’t  know that process.  They haven’t really talked too much about it or exactly what’s going to happen.  They’ve always said they want to get to $1.17.  Period.  End of story.

Dinar Investor – Jeff   Article: “Current Iraqi Dinar Peg Will Continue For Next Four Years”  This article is very negative for us because this gentleman works from within Iraq Central Bank and he’s saying that the Iraqi dinar value (the peg) will continue and stay in place for the next four years…basically saying the rate’s not going to change for the next 4 years…this article IMO was all BS...once we get past April 1st you’re going to start seeing a shifting in the news.  They’re going to phase out and stop talking about the budget and start talking about different subjects.  That’s a pattern you’re going to want to look for…

Pimpy – Dinar Guru   Obviously there is some news out there that people are concerned about and losing their mind over…  Article:  “Current Iraqi dinar peg will continue for next four years”  Let me tell you one thing.  The last time they said this was in 2014 that they weren’t gonna do any rate change for the next five years, guess what?  They didn’t do a rate change for the next 5 years…Is it possible that they’ll actually wait four years?  Yeah.  Of course it’s possible.  Seriously, that country is starting over from scratch... [Post 1 of 2]

Pimpy – Dinar Guru   Is this set in stone?  No.  Is it possible instead of waiting 4 years they might change the exchange rate before then?  Yes.  There are other factors out there that can cause them to change it ahead of time…they might be trying to get more people to turn in their dinar because they just give up…I will say this.  Before the Kuwait dinar revalued they came out on the news and told people that the rate change wasn’t going to happen for a long time.  Having said that I don’t want you to get your hopes up too high thinking that this was going to happen…don’t get overly excited about good news. Don’t get overly down about bad news…we just pay attention to what they’re doing. [Post 2 of 2]

Breitling – Dinar Guru   Question  [I heard Iraqi dinar are being exchanged for U.S. notes.  Please explain the difference between U.S. notes and U.S. dollars.]  There is none.  It’s just preference on what people call the U.S. dollar.   A U.S. note is a U.S. dollar.  It’s the same thing...Here’s the thing – What do you mean by “I heard Iraq dinars are being exchanged for U.S. notes.”  …How did you get the dinar you have?  What did you use to get it?  You used the U.S. dollar.  You’ve always been able to exchange… You used the U.S. dollar to get into the dinar…let me repeat this one more time…You bought your dinars with U.S. dollars so you can already exchange it for dinar.  That’s it.  Very simple.

Pimpy – Dinar Guru   Parliament…they want this rate change restored and they’re willing to make life hell for getting the budget passed.  Here’s what happens – the parliament can’t control the rate change.  That’s the CBI.  What parliament could do is refuse to pass the budget unless the rate change is in there.  That is possible.  Will they get what they want?  We’re going to see.  We got to pay attention.  Let’s see how influential they are…looks like there’s going to be some issues between the government and the CBI versus parliament…we’ve got a standoff…

Dinar Investor – Jeff   The budget – because of what’s in it Article 140, HCL oil and gas law those items make the budget married to the rate change.  When you see Iraq kicking the budget can down the road they’re simply tell you at this time they’re not ready to change the rate…there’s a big event they’re working on right now…they need more time.  They’ve got some things to work out in the back end…

Breitling – Dinar Guru   Question:   [If Iraq does nothing to increase the dinar in this year’s budget do we have to wait another year?]  No and it has nothing to do with their budget.  This is where people have problems.  They think they have to put something in the budget somewhere otherwise the value is never going to come out…No…The budget is what they owe and based on what they can pay back they don’t need that to add value to their currency.  Let’s say they come up with the budget and the next day it revalues and that completely changes the budget – No it doesn’t.  It changes the decimal.  That’s all it changes.  They just move the decimal over…They don’t need the budget to come out in order for them to add value to their currency.  

Dinar Investor – Jeff   Article:  “Parliamentary Finance resolves the controversy: There is no request to reduce the exchange rate”  This article is telling you they want to keep the rate exactly where it’s at at the request of the central bank.  It’s also suggested they have no intentions of bringing a 12-month budget forward.

Pimpy – Dinar Guru   What happens if they do change it to the $3.22 rate?  What do you mean what happens?  There’s a whole lot of us would be high-fiving, doing the pee-pee dance.  Think about what bills we want to pay.  This would be some life-changing stuff…A lot of money would be dumped into cryptocurrencies, gold and silver.  That’s what would happen.  I’d rather error on the side of caution.  I’m thinking they’re going to move from 1450 for every dollar back to where it was 1190.  Could I be wrong?  Yeah.  Maybe I’m wrong.  Maybe it could be the $3.22.  I would not jump this shark that far. Just stay grounded…

Dinar Investor – Jeff   This year you will not see a 12-month annual budget drafted or brought forward from Iraq.  Because Iraq is not doing a budget they will not be changing the rate at this current fiscal period we’re at now – around April 1st.  There’s not going to be any rate changes because of what they’re working on right now… 1460 that’s where it’s going to stay.

Kaperoni – Dinar Guru  There were many conflicting articles last December when the Central Bank of Iraq devalued the currency to 1460 to $1. It turns out they actually floated the currency for a short period of time...  Article quote:  “Under this pressure, and pressure from international institutions, the Iraqi authorities last December, a partial float of the currency, by reducing the price of the dinar to 1460 against the dollar…”

Dinar Investor – Jeff   Article:   “Legal expert: Parliament legislation is not binding on the central bank“  Parliament cannot do anything with the exchange rate.  Decisions on the exchange rate can only be made and decided by the central bank…

Pimpy – Dinar Guru  Article:   “We will oblige the government to restore the exchange rate of the dollar to what it was previously” What do they mean “previously”?  Did they mean previously to the $3.22 rate?  There’s a lot of that chatter going on – Or to the one I was talking about which is 1190 dinars…my opinion it would be back to where it was before which is one dollar for every 1190 dinars.  That’s just my opinion.  Could they be talking about the rate that it used to be at $3.22?  People are trying to figure out what this means…

Mountain Goat – Dinar Guru   Many of the MPs say they will now boycott the voting process and not vote on approving the 2021 budget except in the case of returning the previous dollar exchange rate to 1200. So as time passes and oil rises, they are making this a contentious issue. So again, I am telling you that because oil is rising and the CBI is still keeping the rate at about 1450 tells us there is much more to the devaluation of the dinar that meets the eye. It is now obvious that it is not all just about balancing the budget and paying off debt…It was also about collecting the larger notes out of circulation in preparation for the deleting the zeros project. This project will mean a revaluation of the dinar to significant levels that we as investors want.