Dinar Observer Daily

Mountain Goat – Dinar Guru   Article:  “AL-KAABI CALLS FOR A SERIOUS AND URGENT STOP TO RETURN TO THE PREVIOUS DOLLAR EXCHANGE RATE”   Just so much news about the exchange rate. Yes, lots of pressure from all directions to finally go back to a normalized rate and off the sole de facto peg of the US dollar. It is time. It will happen. I can not give you a time as I do not know, but I do know they are discussing  it and making plans for it in 2021 not 2022.

Dinar Investor – Jeff    I knew in my gut they would have to have some type of celebration event before they do go international…you may not have realized it but the pope being in Iraq was actually that big celebration event.  It was the grand finale before Iraq does revalue the currency… Article:  “The Pope’s visit to Iraq restored the country to its international status” …this is huge.  This is powerful.

Dinar Investor – Jeff   They’re not going to approve the budget…until Saturday March 20th.  This is becoming so predictable.  They’re gonna do the budget 24 hours before they change the rate.  It’s that simple…

Pimpy – Dinar Guru   Article:   “Kissinger:  Biden must uphold Trump Administration’s “Brilliant” Policy in the Middle East” …What?  I couldn’t believe it!  Trump tried to bring peace to the Middle East.  Kissinger supporting this makes me kind of nervous…whenever these people support anything you got to get weary about it.  I’m a huge supporter of Trump but I pray to God that I don’t find out that this guy was secretly somehow some way the boogeyman…whenever Kissinger agrees with you that’s kind of a scary thing…

Dinar Investor – Jeff  Article:  “Representative economic:  The conditions are ready to adjust the exchange rate and the oil barrel in the budget”  This is a great article…Iraq hasn’t revealed the true price of oil to you nor have they shown you the true dinar amount contained in that budget…They’re hiding those numbers and figures from you so you cannot see that this budget is linked to the rate change…we’re in a great position.  This ride’s over in about two Sundays IMO…

Adam Montana – Dinar Guru   Things are still cruising along nicely. In addition to everything else I could share, I decided to just pick one topic… OIL.  The HCL, or “Hydro Carbon Law”, is a key element in Iraq’s eventual ReValuation of their currency exchange rate.  In simple terms… when they finalize the agreement on how the profits will be shared, via the HCL, we are either past the RV date or it’s a different kind of “soon”, like immediately or tomorrow. OIL was at $61.53 when I did my last update. I stated then that we only really need OIL to be in the $40+ range for the logistics of the RV to work, so $61.53 was very encouraging. Do you know where OIL is right now? $66.26… BOOM!!!…GO RRRVVV!!!

Dinar Investor – Jeff  Article:  “The British Ambassador: Iraq will witness a great openness to the world“. Why is he saying this?  He knows that Iraq is on the cusp of going international again.  That’s why the pope arrived on Friday…He’s telling you Iraq is preparing to open up to the world again.  This type of information did not start coming forward until the [2/20 Saleh] article by the #2 man of the Central Bank.  Saleh told you Iraq was on the brink of economic recovery…

Dinar Investor – Jeff   Article:   “Mazhar Saleh: Iraq is on the brink of economic recovery”  [2-20-2021] …this is the new pattern of articles…putting an emphasis on changing Iraq’s exchange rate.  This new pattern…started roughly in the last two weeks…after this article…Saleh is the number 2 guy at the Central Bank…when he or the CBI talks that’s when you listen…since he brought this to you…that’s when you have seen all the new articles talking about adjusting Iraq’s exchange rate going forward.  It all started after this article almost exactly 30 days before March 21st.  Patterns are very important.  You want to pay attention...

Mountain Goat – Dinar Guru   Article:  “THE LAST PAGES OF SUBJUGATING THE STATE OF IRAQ…SUBJUGATING THE IRAQI DINAR”  Quote:  “…PREPARATION FOR THE NEXT STAGE, WHICH IS THE NEW GLOBAL ECONOMIC SYSTEM.”    So here it is said so let there be no doubt the purpose of what the CBI has done to temporarily devalue the dinar to 1450. Getting these notes out of circulation is needed in “preparation for the next state, which is the new global economic system”. In other words global IQD currency, the reinstatement. Do you need anymore proof?

Pimpy – Dinar Guru    People are asking me about the rate… Nobody knows…It’s all speculation.  I know people like to equivocal what happened over there in Kuwait with Iraq…There’s huge differences…One is the length of time in-between when Kuwait devalued their currency to when it was revalued…Also the amount of Iraqi dinar…out in circulation is way bigger than what was going on over there in Kuwait.  Having said that, that doesn’t mean it’s not going to happen.  I’m just saying, people go around saying this is the same exact thing.  I was one of those people.  There were a lot of similarities between them but then when you start taking other factors into consideration that all play a part in what the dinar rate is going to be…

Frank26 – Dinar Guru  They are going to reveal the Real Effective Exchange Rate (REER) and they’re going to show them the face value of the new small category notes.  This is what we’ve been calling the second article from the CBI for a very long time.

Pimpy – Dinar Guru   Here’s a biggie.  Article:   “Oil prices jump 5% … Brent is above $67”  …spring isn’t even here yet, we’re already at $67…when it comes to the currency obviously if you budget for $45 a barrel and your entire budget’s based on that assumption and it’s much higher you get much more higher revenue which allows for the deficit to get paid off quicker, allows for a lot more money to be used to build up the private sectors.  These all benefit the Iraqi dinar as the economy begins to grow.  So yeah that’s exciting news…

Dinar Investor – Jeff  …the rate’s gonna do nothing but keep going [up]…it’s up to you if you want to rush to exchange it.  I’m not.  I will not be rushing to exchange my currency.  I’m gonna take my sweet time.  There’s no reason to rush this.  It’s a once-in-a-lifetime opportunity…

Dinar Investor – Jeff   One thing that my long timers will remember…every time we get close to a potential time period where the rate was where we thought the rate might change we’ve always see articles talking about a large basket of suspended laws – the Federal Court Law, Article 140, HCL and so forth.  These basket of suspended laws are simply waiting on the rate change.  They just keep kicking this basket down the road because these laws are all waiting on the rate change.  When you see these laws come up tell yourself you’re close to the rate change.  They actually approved a portion of one of the laws today [Federal Court Law].  It was huge…this law has been waiting a long time…

Mountain Goat – Dinar Guru   The status of the RV has not changed since…Tuesday… We are still waiting for the budget to be passed and the political issues of the US to be addressed. Yes, we still have a chance to see an RV within Iraq but if they open and begin to spend the budget we are less and less likely to see the RV anytime soon at that point… But it is moving along and we will see the landslide. The landslide has begun only the momentum has not yet picked up as we would like to see.

Pimpy – Dinar Guru  I still think in 2021 we will see some rate changes in the positive direction for us.  As far as an announcement on an RI or RV whatever you want to choose, is it possible?  Yes of course it is.  There are a lot of factors out there that help the economy rebound – Oil prices going up.  The deficit reducing. The economy recovering.  Reconstruction …take the good, the bad and the ugly.  Stay grounded…watching the Iraqi government recover.  Their economy recover and then watch them slowly but surely strengthen the dinar against the US dollar...

Dinar Investor – Jeff    Government of Iraq Tweet  “Setting a new exchange rate for the Iraqi dinar against the US dollar is part of the economic reform program adopted by the @IraqiGovt, which films to address the immediate financial crisis and placing the Iraqi economy on a sustainable path.”  …They devalued the currency on December 20th.  90 days would take us to Sunday March 21st…they started talking about increasing the exchange rate of the dinar against the dollar about a week ago Monday…wow!…

Mountain Goat – Dinar Guru   Article:  “THE LAST PAGES OF SUBJUGATING THE STATE OF IRAQ …SUBJUGATING THE IRAQI DINAR”  Quote:  “TO WITHDRAW CASH FROM THE PEOPLE, WHICH EXCEEDS THE FINANCIAL POTENTIAL OF THE STATE, AS IT IS KNOWN THAT THE MONETARY PROPERTIES IN CIRCULATION...”  They are telling us…the need to shrink the money supply…then why are they doing this? …This is being done for what comes next, the global currency. If you shrink the money supply then each dinar is worth more, get it?

Dinar Investor – Jeff   Friday…I said Iraq most likely will not complete the budget until Saturday March 20th…24 hours before they change their rate…that way they can hide the budget figures from you.  Article:   “New statement from the Minister of Finance regarding income tax, exchange rate and salaries of 2021”  Quote:   “Allawi issued a new statement regarding changing the exchange rate of the dollar in the ’21 budget…we do not know the final form of the general budget amended by Parliament“.  They just told you they’re hiding the figures from you and they have not publicly shown you the real true budget…Mark my words.  They’re most likely going to approve the 20 [’21?] budget on Saturday March 20th…

Dinar Investor – Jeff   At this point in time what are we looking for?  Iraq has one step left…for them to literally complete the ’21 budget before they change the rate.  Are there any unique signs or patterns pertaining to the approval process of the ’21 budget?  Yes there is.  It strongly appears as though Iraq is intentionally delaying and dragging out the budget so that they can hide its figures from us…IMO Iraq might change their rate on Sunday March 21st.  One of the patterns we’re looking for to help confirm that time period is we’re looking for them to delay the ’21 budget  clear until possible Saturday March 20th…we need to watch that step and see how it plays out…

Dinar Investor – Jeff  They’ve pretty much almost stopped the currency auctions.  Not quite to 100% but there’s down to probably about 95% reduction in country.  That’s tremendous.  Remember I told you about the time they devalued the currency clear back on December 20th – this is one of those patterns we were looking for…they have done so.  That’s just more confirmation they’re in the progress of changing that exchange rate.

Mountain Goat – Dinar Guru   … Todays news is all about the budget and the refusal of the Kurdistan region to accept solutions presented to them. What do they want? They want a budget the recognizes and supports the people in the regions of article 140. They also want the oil and gas law… they have had enough of promises and want ACTION…they are also VERY upset over the devaluation of the dinar that took place in December. This move nearly destroyed their economy in Kurdistan…They want the full 17% plus the extra % under article 140. Under the law would guarantee them this but where is the law?

Pimpy – Dinar Guru  This  [Recently discussed tweet from the Iraqi Government]  is old.  These were the words of the Finance Minister before the rate change happened {When they devalued in December}.  There’s no date on this tweet…I’m pretty sure this is something that was said sometime in December or at least it was said in an article before the rate change happened when they first were talking about the White Paper reforms.  I don’t want you to get down.  It’s not bad news.  This is just  ‘look at everybody jumping on this like they’re going to change the rate again’ …slow down sparky.  I got you.  I remember these words specifically.  These were said before they devalued the currency…

Petra – Dinar Guru  …if they were going to have a budget at 1450 or even 1190 they’d have done it.  That’s what’s key to understand.  They are waiting for the rate because they know that’s what they need to make all the changes.

Dinar Investor – Jeff   Question:  “Is the gain from this exchange rate considered taxable income?”  I know a lot of people think this isn’t going to be taxable.  It’s going to be a taxable event guys.  We live in the greediest country in the world – the United States.  I promise you this will not go untaxed.  Plan on paying your taxes and getting on with your life.  Keep it legal.  Keep it real.

Mountain Goat – Dinar Guru  Article:  “AL-KHALIDI IS SURPRISED THAT THE CABINET HAS FORMED A COMMITTEE TO STUDY THE CONSEQUENCES OF CHANGING THE CURRENCY EXCHANGE RATE”   So, is this proposal to change the exchange rate just to change it back to 1250 before the devaluation to 1450 or is it to 1:1 with the US dollar and give the Iraqi dinar the strength it really deserves? I believe, based on other articles… that it is a study to go to 1:1 and then to eventually raise it back to 3:1 and even higher… there is much pressure to finally get this done.

Adam Montana – Dinar Guru   …I know it can be a bit painful to try to decipher the articles, so I’ll give you the elevator summary:  Things are going well. There is a current discussion on “raising the price of the dollar”, which would be bad for Dinar, and the overall sentiment is that they publicly do NOT want to “raise the price of the dollar”. (That’s a good thing for us!) Part of the reason is due to the current favorable price of oil.  And, of course, none of that matters when the HCL goes through. It’s been pretty quiet on the HCL front… When the HCL comes, we have an RV either already announced or just around the corner. Until the HCL is done, we wait patiently…I have no doubt that we will reap the dinar windfall… Go Iraq… Go Dinar…GO RRRVVV!!!…

Pimpy – Dinar Guru  There’s definitely without a doubt something going on with the Iraqi dinar.  Absolutely there is and all kinds of weird things are pointed to March…nobody can put their finger on it.  We’re gonna see…I’ve been trying to figure it out for the last few days…

Adam Montana – Dinar Guru   …In GOI news, Iraq is muddling through the final stages of the Budget. We don’t need the Budget to be complete before an RV, but a “happy agreement” between the Kurds and Baghdad will do a lot to grease the wheels…

Dinar Investor – Jeff   Iraq is completely on par with Kuwait.  Iraq and Kuwait’s fiscal year (I know this for a fact because I’ve already consulted with the Iraq government) is April through March of the following year.  That’s why Kuwait changed at the end of April [March?] to accommodate the March fiscal year…If you want to know when Iraq’s doing their rate change, they’re doing it on the exact same historical Sunday when Kuwait did theirs…Iraq is following in Kuwait’s footsteps.