Dinar Observer Daily

Breitling – Dinar Guru  Where does my math come from?  My math comes from calculating on their debt plus 4% GDP growth.  In other words they get rid of their debt and they have enough money to get their economy running and encourage a 4% in GDP growth.  That’s where I get around a 56 cents range…Iraq says 1 to 1.  I say it’s going to be a slow growth from around .56 cents on up.  That’s just my opinion.  That’s just based on the math…It’s not going to do them any good coming in at .10 cents and if they do it won’t be for very long.  They need to go higher…

Pimpy – Dinar Guru  I know you guys hearing all kinds of rumors out there that in country they’re already exchanging at 1 to 1.  That’s not true.  There’s no evidence of that whatsoever…

Dinar Investor – Jeff  This weekend nor the month of April Iraq isn’t going to do anything with the budget.  They can’t.  Iraq’s not going to do anything with the exchange rate because it’s the Central Bank that calls the shots.  They’re the ones that are in charge of the monetary system.  They’re autonomous from the government.  They’re not going to adjust the rate at this time.  The rate is going to remain where it’s going to stay because the central bank is using it as a tool to remove 3 zero notes out of circulation up until the point the rate changes.

Mountain Goat – Dinar Guru   What are the CBI plans? As I promised I would I contact my source in the Central Bank of Iraq (CBI) this past weekend. Today I wanted to come on and tell you want I learned. Remember we needed to validate all the intel rumors that Iraq has already gone to 1:1, IQD: USD. The result of my long conversation with the CBI is that “NO” it had not revalued to this extent, but there is a plan underway to do it by the end of the year (2021)…

Dinar Investor – Jeff   Article:  “Kurdish Parliament: A new round of talks for the Kurdish delegation in Baghdad next week”  For the rate change to even happen, at a minimum, Kurdistan and Baghdad have to reach full an agreements on the budget.

Sheila – Dinar Guru   Article:  “Al-Saffar: Political disputes have delayed approving the budget”  My opinion is the budget is done – everything is done. All these articles are just theater… pushing for time until they get the “good to go”.

Pimpy – Dinar Guru   There is a political block…that is refusing to vote.  They’re boycotting unless the rate change is in there  [The 2021 budget].  But what they’re demanding is it be restored to…1190 for one dollar.  Some people thought that meant they would go back to the old rate.  I would love it if they did that.  Could they still do that?  Yes.  They might.  But there is no indication that they will.  Would they announce it?  No.   When Kuwait did their switch…in the news they told everybody that it wasn’t gonna happen for a while, then they turned around they did it the next day or the day after.  Anything is possible but first and foremost we definitely got to make sure…what’s going on in Erbil/Baghdad get their things ironed out so we can get this budget passed…now they’re postponing the vote for one week…

Dinar Investor – Jeff   There’s conflicting news…you have some articles telling you that everything’s kosher between Kurdistan and Baghdad and that they can resolve their differences and complete the budget next Sunday.  Then you had another article telling you no no wait a second this political block says nope that until that exchange rate gets increased they’re not going to be able to approve the budget…my gut is telling me…they’re not going to change the rate at this time.  There will be no budget approval…

Adam Montana – Dinar Guru   I’ m going to run through this one pretty quick, because it’s very simple to explain.  That’s a good thing. Simple = easy to conclude, which also translates loosely to “soon”!  OIL is slightly lower than in my last update [61.42], but it’s still in the “good” range.  Anything in the $60s is great, as far as I’m concerned! More importantly, however, is all the HCL talk…I can confirm this is true: Iraq is dealing with the HCL as we speak, and I think it’s going to get done this time. Article quote:  “It is noteworthy that the Oil Ministry’s sudden announcement of the draft oil and gas law coincides with marathon negotiations between Baghdad and the Kurdistan region regarding the latter’s share in the 2021 budget and the mechanism for managing his oil file.”   [post 1 of 2]

Adam Montana – Dinar Guru  The Budget was completed some time ago, and Baghdad and the Kurds were even in agreement on the original Budget that was preliminarily approved… the fact that there are now disputes, that are tied to the oil and gas law, tells us very clearly that they are not arguing over a few dinars… they are arguing over a LOT of dinars, which is also dollars.  My friends, we are closing in on a spectacular finish!  I’m looking forward to it. I know many of you are, as well.  Hang tight! This might get bumpy before it’s over, but OH BOY will it be worth it!!!  GO RRRVVVV!!$!$!$!$!!  [post 2 of 2]

Pimpy – Dinar Guru  I do expect they’ll go back sooner or later to that fiscal period from the beginning of April all the way through March.  Could it be this time around?  Maybe.  That’s why they’re stalling?  Could be.  But where are we?  March 20th.  There’s 31 days in this month.  If they’re going to try to make that deadline they have got to get this over and done with ASAP…Can they retro?  Of course they can.  Is the rate change going to be in there [the 2021 budget]?  There is a political block right now that is refusing to vote.  They’re boycotting unless the rate change is in there.  But what they’re demanding is it be restored to where it just was…1190 dinar per one dollar.

Dinar Investor – Jeff   Back in 1973 the value of the dinar against the dollar was $3.37…Iraq is the wealthiest country in the world…Iraq’s worth more money than Kuwait…[The reason] Kuwait has the highest value currency in the world is when they changed their rate they unpegged their currency from the US dollar and re-pegged to the highest valued currency assortment basket…it’s called the KUNA basket…the value of their currency against the US dollar is approximately $3.28.  Iraq has more minerals in their soil.  They’ve got gold, lithium, diamonds, natural gas.  They’re the wealthiest country in the world.  There’s a very good chance that when the rate changes Iraq could…do what Kuwait did and unpeg from the US dollar and peg to that same currency assortment basket called the KUNA the highest valued basket in the world…

Pimpy – Dinar Guru   This is March 20th.  Today was supposed to be the big day.  What did these other youtubers say? ‘Boom!  Before you know it the budget was going to change.  We would get the big rate change and we’d be skipping our way to the bank‘…This is why I tell you don’t get overly excited about good news, don’t get overly down on bad news…I hear this all time and then I become the boogeyman.  Why?  Because I’m saying read…whether it’s ‘contract rates’…redemption centers… humanitarian projects…ridiculous 800 numbers.  To me all those things sound like scams.  They want you to send your dinar to that location.  Where’s your security?   …we all want the same thing…we want the RV to happen but there are other indicators out that we can watch for…slow down.  Hang tight…

Dinar Investor – Jeff  Article: “Parliamentary Finance: There’s is no adjustment of the exchange rate in the budget”   This article is China syndrome…in the past right before China reinstated or revalued the currency as well as Kuwait, both of them put out articles telly you they have no intentions of revaluing.  A few days later BAM Changed it…What have I been telling you?  Parliamentary Finance is full of B.S. and horse crap.  They lie to you…we’re not buying it…IMO Iraq is on track to change their rate this coming Sunday the 21st. 

Pimpy – Dinar Guru  There’s some things people are getting overly excited about…the budget could it be getting voted on?  That’s the rumor.  We’ll see.  Article:   “Parliamentary Finance: The budget is ready for voting, with the exception of a paragraph related to the Kurdistan region”  My understanding is that their constitutional law says they cannot pass a budget without the Kurdistan Regions part in there…Saturday were going to find out…They’re talking about voting on the 21st.  That’s the rumor.  We will see. [post 1 of 2]

Pimpy – Dinar Guru  …Will they pass the budget this weekend?  Many of us want to see the budget get passed so we can see if indeed there’s any changes to the exchange rate.  It’s my feeling even if there is one it’s not going to be like the one everybody anticipates.  It’s going to be most likely put back up to where it was before…1190 dinars for every dollar.  I don’t think you’re going to see any major changes in the rate.  No big announcements.  Not at the moment… [Post 2 of 2]

Dinar Investor – Jeff   Article:  “Deputy: Agreement to pass the Federal Court law today and pass the budget Saturday”  Pass the budget Saturday...4 weeks ago I told you you were not going to see the budget until Saturday the 20th.  Boom!  Nailed it!  Budget Saturday because they don’t want you to see it.  Remember I told you they’re going to change the rate roughly 24 hours later…

Pimpy – Dinar Guru  ‘You have to have a humanitarian project‘ – Where is that officially announced?  Where it that written that in order for you to exchange your currency that you legally bought, legally own, is legal tender, where does it say anywhere that you must have a humanitarian project?  …Every time I’ve asked that question the answer is ‘Well you don’t suppose they’re just gonna give that kind of money do you?  Yeah, yeah I do.  Why wouldn’t I?  If that’s your answer and that’s all you have then you’re just full of crap…where is your proof?

Dinar Investor – Jeff    Article:  “vote on budget bill will be postponed until after Newroz holiday: Iraqi MP” …I fully believe they’re still hiding the figures…I told you they might push this possibly until after Sunday the 21st…if they were to change the rate this month in March it’s got to happen by the 21st flat out…we have reached a brick wall with our factual data.  We are now at the point where we just have to see what happens over the weekend…

Dinar Investor – Jeff   Article: “Kurdistan Regional Government announce the suspension of official working hours on the occasion of Nowruz holiday”  This is a federal holiday – country wide…Don’t let them fool you.  It’s not just a holiday.  There’s bigger things happening during this period…on the 21st they will have the ISX shutdown…just so you know that was the same official holiday Kuwait utilized…for Iraq it will be Sunday morning round 7-8am their time when they change the rate…it’s got to be a Sunday… history is repeating itself and Iraq is walking in Kuwait’s footsteps…

MilitiaMan – Dinar Guru  Article quote:  “Passing the budget bill with the postponement of the vote on the Kurdistan quota and the exchange rate due to deep disagreements about them is impossible.” …talk about the postponement of the Federal Budget Law for 2021 is about the resolving of the exchange rate until a final agreement in that regard. Then look a bit further they have it ready and it is inevitable. So to have it resolved means they have already decided the exchange rate. They have agreed to…21-50% deductions in pay… All projects are stalled until the exposure of the rate...imo…  This data supports we are all in a good place... There is no way the Kurds would agree to deductions in salaries without an exchange rate to support it and that off sets the loss. Gear up it is getting real!…imo…

Pimpy – Dinar Guru  …you get people out there saying, ‘Hey, I’m going to get you a special contract rate.’  Does that make sense to you?   You think there’s a contract that some group of people are going to get a special rate more than other people for whatever reason?  Does that make sense? …if a bank gave groups of people different types of rates that would be a violation of the law.  We’re talking about banking here people.  You can’t just hand pick what rate each different group of people get…there has to be some consistency there…nobody is going to get you a special contract rate…

Dinar Investor – Jeff   What’s the #1 thing that they’re hiding from you….?  It’s the budget...why is the budget so important?  What does it mean?  What does it signify?  The reason I put a linchpin on it is because the budget itself is the linchpin to the rate change.  That’s why they’re playing the games in the media...when they finish the budget on Saturday the 20th IMO they’re probably going to change the rate about 24 hours later.

Mountain Goat – Dinar Guru   Article:  “MEMBER OF PARLIAMENT: PARLIAMENTARY SIGNATURES SUBMITTED TO RESTORE THE DOLLAR’S EXCHANGE RATE”   More pressure but many of these PM also want the project to delete the zeros and not just to go back to 1200 rate. They want at least a 1:1 and the lower denominations to come back.

Pimpy – Dinar Guru  Stay away from anybody that gives you a date, anybody who give you a rate.  The best anybody could do is speculate.  Some people take a more educated stab at that date and rate…some people are just farting in the wind hoping something sticks.  Don’t get caught up in that stuff.  Stay grounded…does that mean that an RI or an RV won’t be announced?  I didn’t say that.  It could be announced any day.  But there’s no guarantees out that that day is going to be here any day soon.

Dinar Investor – Jeff   IMO Vietnam needs more time…easily another year…IMO no other currencies will go with the Iraq dinar…the Iraq dinar is the only currency you’re going to see change the rate at this time.

Dinar News Update  The CBI has maintained less than 2% spread between the Dinar’s official rate and the market rate for approximately 82 days.  This means the Dinar is within 5 days of fulfilling the IMF’s 2% for 90 day rule.  Many feel the Dinar cannot RV/Increase, graduate to Article 8 and become international until this milestone is met.  If the CBI maintains the market rate at the current rate this rule will be met on March 20th. Stay tuned to see if Iraq ascends to Article 8 and international status.

Pimpy – Dinar Guru  There’s nobody from an official capacity who said, ‘Hey, we’re going to be swapping lower denominations for higher denominations.‘  That usually happens when we do what’s called a LOP. That’s when they knock the 3 zeros off the dinar, not the rate exchange, the dinar.  That’s devaluing the dinar.  In other words on million dinar all of sudden becomes worth a thousand in ours [dollars] because they took 3 zeros off.  That’s not a good thing…I never seen an official announcement that lower denomination were coming out yet.  I do know for a fact that they exist.  I got confirmation on that and I was allowed to share that information…It’s just a matter of when.  That’s what everybody has been waiting for. 

Dinar Investor – Jeff    I’ve been telling you that if they’re going to do the rate change this month in March, their back wall for March has to be Sunday the 21st to do it.  The reason why is because…they would need the last week of March to complete the suspended laws…they just need one reading and they’re done…we’re in great shape…

Pimpy – Dinar Guru  There is a lot of talk still about the exchange rate.  Will they come out and make some RI/RV announcement?  It’s possible but not likely.  I think if anything we’re going to see it go back up to 1190 dinar for now but only for a short period of time.  I think we’re going to start seeing…a ‘dirty float’ which is a managed float – just little by little they’ll change the increments over time…