Dinar Observer Daily

MilitiaMan – Dinar Guru   Article:  “Zafer Al-Ani: Parliament Will Continue Its Sessions Until The Budget Is Approved”  Quote:  “the budget has reached its final stages, leaving nothing but the announcement of the agreement with the Kurdistan region regarding the percentage determined for it in the budget and other matters that will be completed within the next few days.”  Well well well. They are continuing the session tomorrow. The 1st of March. They’ll be at it until budget law is approved, so they say. Leaving nothing but an announcement. Well they’ll need to announce a rate with that now wouldn’t they?  …A new exchange rate can fix many ailments.. imo…

Pimpy – Dinar Guru  The problem with us dealing with the dinar is this.  In order for the dinar to have any kind of purchasing power or to get any real change on the exchange rate there has to be some stability there.  Already all around we’re starting to see crap happen.  Iran, Syria bombings, missile attacks within Iraq…Biden hasn’t even been in office two months and already the shit’s falling apart…I don’t like the way it looks although there’s some good things happening over there in Iraq.  The financial grade [B rating] is good.  The reserves are building that’s good…so there are some good things.  I’m just pissed about the way this current administration is too much into bombing crap…You gotta take the good news, bad news, the ugly news.  You gotta take it all. Stay grounded.

Dinar Investor – Jeff  Question:   “How will the Iraqi people prosper from or benefit from the rate change?”  …it gives the Iraqi citizens and the Government of Iraq purchasing power…there’s only one way for Iraqi citizens to get rich.  They have to keep and exchange the 3 zero notes after the rate change…

Adam Montana – Dinar Guru   …I’m still in daily communications with all of my dinar contacts. I still get my usual briefings from the important people on dinar… The last time I touched on the price of OIL was quite a while ago – I was optimistic even though oil prices were only at $40ish.  Where are they today?  $61!  Which happens to be above where we need them to be for a launch of the RV…

Pimpy – Dinar Guru   Article:  “The Central Bank Announces A rise In Cash Reserves To More Than 55 Billion Dollars”  That’s good we want the reserves to be up higher.  The higher it goes…it’s really good for the currency…It’s because one of the thing that gives its strength is the fact that there’s a lot of reserves.  This is very very good…

Mountain Goat – Dinar Guru  Article:  “TO THE EXECUTIVE BRANCH TO THE CENTRAL BANK OF IRAQ PROPOSING THE NEED TO AMEND THE EXCHANGE RATE OF THE IRAQI DINAR TOWARDS THE US DOLLAR”  Of course there are many objections to the 1450 devalued rate of the dinar. They people don’t understand fully the reasons behind it. This article is pushing for just what we want… Article quote:  “A new EXCHANGE RATE IS REQUIRED FOR THE IRAQI DINAR TOWARDS THE US DOLLAR, WHICH IS ONE DINAR EQUALS ONE US DOLLAR…and work in the future to return a new exchange rate. EACH DINAR EQUALS $3, AS IT WAS PREVIOUSLY.” …With oil expecting to climb way over $100 a barrel Iraq will be swimming in wealth and its an excellent time to do this…

Dinar Investor – Jeff    Tweet from the Iraqi government: “Setting a new exchange rate for the Iraqi dinar against the U.S. dollar is part of the economic reform program adopted by the @IraqiGovt, which aims to address the immediate financial crisis and placing the Iraqi economy on a sustainable path.”  Since roughly Monday of this past week is when they starting putting a huge emphasis on the exchange rate as we approach the implementation of the budget and their new fiscal year of April 1st...

Mountain Goat – Dinar Guru   Article:  “OIL REVIEWS THE FINAL VERSION OF THE DRAFT FEDERAL OIL AND GAS LAW”  ...every time Iraq gets close to a revaluation the oil and gas and the article 140 laws comes up in the news. They talk about completing it and how close they are to passing it as law. Coincidence? I don’t think so.  …they need to fully address their new constitution before they can reinstate their currency back to normalcy. They need referendums passed in parliament on both of these constitutional directives prior to going global. Sure, they can set up all the mechanisms to do so over the years, as this takes years. But in parallel to this effort, they must also get these two laws in place.

Dinar Investor – Jeff  …Iraq becoming international, Article 140, HCL, the reconstruction reforms – all that is hinged upon the physical rate changing.  Once the rate changes they become international and then all those secondary dominoes will fall right into place…

MilitiaMan – Dinar Guru  Article:  “The last pages of subjugating the state of Iraq…subjugating the Iraqi dinar”   …They are telling us they are going into the next phase and the way to do that is raise the value of the exchange rate to be the strongest in the region. They talk about the new global economic system. We have been talking about this for months now and they are now confirming our view!  Wow!  When they strengthen their currency they will be the first in the region!!  Again that is powerful! They are to shift to the DIGITAL CURRENCY… We know they have a new platform for doing that specifically, not only internally but externally, as well with the BUNA. They are definitely talk loud about what is to come. Auctions are not what they used to be… This is looking very very bullish… imo.

 Dinar Investor – Jeff  Iraq has pretty much at this time stopped the in-country currency auctions of auctioning off the US dollar.  At this time they’re only auctioning off the US dollar abroad – outside the country of Iraq.  They’ve been doing this for about the last 2 weeks.  So at this point the in-country auctions have ceased and ended.  This is great for us.  This is more confirmation we’re inching up on the rate change. 

Breitling – Dinar Guru   [Question:  If they increase their rate after paying down their debt with this [December 20, 2020] devaluation do you see a dramatic increase quick or slow increase?]  There’s no way to tell right now.  The markets change.  Everything changes so quick.

Dinar Investor – Jeff   Since the start of the week Iraq has been finally putting an emphasis on their exchange rate.  Article:  “The Minister of Finance announces measures to support the effects of changing the exchange…and discusses the White Paper procedures”  …they’re really now putting an emphasis on the exchange rate and moving it in the correct direction – raising the dinar against the dollar not the dollar against the dinar…everything is coming together right before us…we’re in a great position.  We just have to sit back, stay patient with it and let it happen…

Mountain Goat – Dinar Guru   …they are once again moving ahead with the oil and gas and then the article 140 laws. These laws need to be legislated in parliament in the form of laws and then passed into laws.   In 2011 the CBI told me that there was a mandate by the US and UK for Iraq to have a fully implemented constitution prior to reinstatement of their dinar thus getting out of the US Treasury OFAC sanctions completely... have they?

Dinar Investor – Jeff   One of the things we’ve guesstimated in this is that They would most likely change the rate specifically over a holiday…here’s the next holiday in Iraq – Sunday March 21, 2021.

Mountain Goat – Dinar Guru  Article:  “LEARN ABOUT THE CRITERIA FOR REPLACING DAMAGED BANKNOTES IN IRAQI BANKS”   Why this article and why now? The CBI is finally taking in these large scale stashes of banknotes hidden under mattresses and buried in the backyard. They need now to set standards of how they will exchange these not so good notes. After all this was part of the point of devaluing the dinar in the first place. They needed to get the people to realize that the US dollar is worth more than the dinar and so turn in the dinar for US dollars. They needed to really shake them up. The longer they hold on to the 1450 rate the more dinar stashes will come forward…

Frank26 – Dinar Guru  Article:  “Punishment: Dollar speculation with corrupt banks cost the state a trillion dinars a month.”  Not anymore.  We stopped the auctions and we got Iraq a little bit under control.  Quote: “to restore the unfair decision agains the Iraqi economy to raise the price of the dollar and return it to its previous era.”  This translation ugh!  But you understand don’t you.  To raise the value of the Iraqi dinar against the dollar and return it to its previous era…that’s what Dr. Shabibi said would happen and that’s what’s happening.

MilitiaMan – Dinar Guru  Article:  “The Federal Reserve’s systems for transferring money and financial assets among banks, businesses and government entities went offline for a period of time on Wednesday, upending crucial parts of the country’s financial infrastructure.”   Lets see if the Digital System had a reset with the Fed yesterday has anything to say about the winds of March…I suspect that shut down “operational error” yesterday was on purpose or was it? …Apparently that has never happened before.   [post 1 of 2]

MilitiaMan – Dinar Guru  My view is it is possible that shut down (OE) by the FED was a potential global notice given out, that change is coming…Kinda like, hey world we are resetting the system, rebooting...Then we resume like nothing happened, until x date which may be within a very short predetermined window with a new adjustment made… everyone would have had to have been given equal notice, and once the adjustment is made, a level playing field is set in motion and all are on equal footings…So did the FED test the system live in real time to see how it would work out? Then if successful, notice has been given, then game on?… [post 2 of 2]

Dinar Invester – Jeff   the news that’s coming out is finally getting better and it’s really what we’re looking for…In Iraq the citizens technically own the oil.  They’re entitled to a percentage of the profits and proceeds from oil…Iraq’s already had their oil and gas law drafted clear since 2005…what it’s waiting on is the rate change.  They cannot implement the oil and gas law…until the rate changes…it will be just like the country of Kuwait or the state of Alaska…they will get oil wealth.  Article:   “Iraq is preparing to pass a law to regulate oil and gas wealth.”  This is huge…they’re telling you they’re bringing this forth now so it’s going to be in the 21 budget.

Mountain Goat – Dinar Guru  Article:  “KHAS…AL-RAFIDAIN BANK (LARGEST IRAQI BANK) LEAVES ARTICLE SEVENTH”   many gurus are confused over this article. We are really taking about Chapter 7 not article 7. Currently the CBI is operating under article 14 and needs to move to and thus operate under article 8 of  the IMF charter. Article 8 in “normalcy” for monetary policy. This is where most countries now reside in dealing with the IMF in monetary policy. Many suggest that Iraq is already in article 8 and that may be the case too but we have no definite evidence of this as they have not yet told us. Let’s just wait and see what happens once they get the 2021-2022 budget passed.

MilitiaMan – Dinar Guru  I don’t believe they’ll go out and float it [the dinar] this early on [after rate change].  If they stick to having it fixed going into the future it will help contain the inflation…

Dinar Investor – Jeff   They [Iraq] are gonna have two sets of notes in circulation.  They’re gonna have large notes and small notes…two sets of notes will coexist together utilizing the same exchange rate…this is just an example.  Let’s say the rate is $3 – if the rate is three a 25 note is $75 after the rate change…a 25000 dinar note times $3 is worth $75000.  Both the 3 zero notes and the smaller notes below 100 will have the same exact rate.  They’re not going to have different rates…you’re in a great spot…

Pimpy – Dinar Guru   Article: “The Iraqi government expects a rise in foreign reserves of $4 billion by the end of February”   this is a good thing…quote “according to the immediate office of the Prime Minister that the foreign exchange reserves of Iraq began to rise after it was threatened with collapse and is expected to increase by nearly 4 billion dollars by the end of the month…”

Breitling – Dinar Guru   [Question:  What comes first – Does Iraq need to build their economy in order to increase the rate or does Iraq need to increase the rate first?]  Iraq needs to increase the rate first to build an economy.

Mountain Goat – Dinar Guru  Article:  “OIL DEMAND EXPECTED TO PEAK AND $150 PER BARREL PRICE EXPECTED”    ...the price of oil does affect the budget and the rate at which the dinar will revalue at. Remember that there is going to be an in-country RV first as they proceed with the project to delete the zeros simultaneously and then later (much sooner than later) there is going to be a reinstatement of the dinar. So, there are two different rates to consider. We are outside Iraq and so the rate we consider is only at what rate the banks in our country will offer to exchange our dinar at. This bank rate will most likely be 2 or 3 times the rate offered in Iraq.

Dinar Investor – Jeff    Iraq is walking in Kuwait’s footsteps.  Kuwait reinstated their currency on March 21, 1991 on Sunday…Iraq is transitioning to the same original fiscal year exactly where they were before the 1990 sanctions.  They’re going back to their original fiscal period.  I already spoke with the Iraqi government so I have confirmed this.  I know for a fact Iraq is transitioning.  That’s why they told you they’ll be presenting the budget in just a few months…we are in the best position.  History is repeating itself between Iraq and Kuwait…we are very very close to this…

MilitiaMan – Dinar Guru  …I think the endgame is near.  I think we’ve got a convergence…I’m very excited by what we’re seeing…

Mountain Goat – Dinar Guru   Yes, there is hope for an RV sooner than later but the Iraqi 2021-2022 budget will have to be passed first and that is not even scheduled to later this week…

Breitling – Dinar Guru  [Question: Can you tell us if we’re still in a good place with this investment?  Just wondering since Biden undid some of the things Trump put in place.  Did this help this investment or hinder it?]  It didn’t do anything.  Iraq had a game plan if Trump won and they had a game plan if Biden won.  BTW that’s how all governments work...you should have a plan no matter how confident you are in a candidate.  No matter how it turns out.  You have to have a plan for one side and a plan for the other side.  Don’t ever be lazy…this has not hindered our investment one way or the other I promise you that…