Dinar Observer Daily

Dinar Investor – Jeff    Article:   “The Central Bank sets a new price for the dollar starting from Sunday“  A bunch of articles have come out where they’re talking about physically changing the rate this Sunday.  Actually, ‘raising the rate’ which means devaluing the currency…They are telling you in the news they plan or intend to change the rate Sunday…Are these articles real/truthful?  Or are they BS?

Pimpy – Dinar Guru  Article:   “The Central Bank is preparing for measures to achieve a balance between the dinar and the dollar”   Even if they do increase the rate what that means is if they increase it – for every dollar right now I get 1190 dinar.  If they increase it I get like 1200 dinars.  That’s an increase.  That’s bad.  That’s devaluing the money.  That’s bad for us.  I don’t want you to get discouraged.  The fact that they’re doing anything with the rate change is good.  Even if they increase it.  It just means now we’ll start seeing some movement on the dinar.  It might be going in the wrong direction but I would not be fooled by that.  Just hang tight to your dinars…

Adam Montana – Dinar Guru   […There’s continued talk by powerful globalist groups about a possible “Global Reset”…I’m thinking…a Global RESET  COULD mean that all things come out the other end more or less EQUAL – so what could that mean for currencies?  Equal would be great, with regards USD/AUD and IQD values, right?]  Things will never come out “equal” – That’s why an RV is actually possible. Iraq lost a ton of equity/cash/value when they devalued thanks to Saddam. When they ReValue, they are just getting back to their “normal”.    [post 1 of 2]

Adam Montana – Dinar Guru  The globalist talk about a “reset” has a ton of losers, and it won’t happen. Iraq resetting their value is just one country, with a lot of winners, and not many losers. It’s a tiny event that won’t rock the entire world, even though our world will be rocked.  We are little people. Iraq is a little country, in the grand scheme. While I think a “global reset” would possibly be amazing, and do amazing things, it’s also amazingly improbable. The Iraq RV is another story. It’s likely, and it’s likely soon. [post 2 of 2]

Breitling – Dinar Guru   Here’s what’s interesting.  I want you to understand this.  Especially the pro Trump people.  You know I’m a conservative.  The people that created the Iraqi dinar are hoping that Biden gets in.  That’s Cheney, Bush Jr., Donald Rumsfeld all these guys.  Isn’t that kinda strange?  A lot of people are incorrectly thinking that if Trump doesn’t stay in office this thing is over…Cheney, Bush Jr., Donald Rumsfeld all these guys they want Biden to get in.  Completely against what I want but that’s the reality prism you need to look through…

MilitiaMan – Dinar Guru   Article:  “An economist calls for deleting the three zeros from the dinar to strengthen the local currency.”  Quote: “He added: The monetary mass can become approximately 15 to 25 trillion (billion?) dinars and the value of the new dinar converges to the value of the dollar, which facilitates the process of calculation and allows small and new denominations of cash to appear in the money market.”  The economist in the above seems to b suggesting a new dinar is to be the value of the dollar… If that is not leakage I don’t know what is. There are people on the ground in Iraq talking about the exchange rate change that is coming.  This is evidence of it too.  We know they printed a new issue of currency from the CBI site, imo. They spent money and large sums of money on it.  To adjust to or converge to the value of the dollar, they will have a need for the new issue…

Delta – Dinar Guru   This is the first time I see coordination between the parliament, the government and the CBI.  For the first time ever you see parliament asking the CBI to delete the 3 zeros and make the currency stronger. We’ve never had this before.  This is good news because everyone is lining up with everything…

Frank26 – Dinar Guru   someone says to me ‘Frank, if Biden is elected president this all goes down the toilet doesn’t it?”  As far as the Iraqi dinar monetary reform goes that belongs to Iraq and Iraq is a sovereign country.  They can do what they want…Iraq is now going to be the central financial hub of the Middle East and all the middle eastern countries will support them in a basket…

Mountain Goat – Dinar Guru    Article:  “IRAQI GOVERNMENT SETS NEW DATE FOR DEBATE ON 2021 BUDGET BILL”  Quote:  “He added that the government is continuing to hold elections on time.”   We need to all pray that the CBI moves ahead, as planned, to reinstate the dinar prior to elections in June. If not we could be waiting yet another year.

Dinar Investor – Jeff    Article: “Al-Karraji Demands The Central Bank To Adopt A Real Rate Of The Iraqi Dinar“.

Delta – Dinar Guru   …Huge information came out…the Bank of International Settlement in Switzerland is the hub of central banks…to do a contract with them is very telling for the CBI...they are moving forward to keep going with a plan.  It’s very amazing progress and all positive news toward our investment …the BIS is the one that distributes the rate internationally…this is huge by itself…

Mountain Goat – Dinar Guru   NO ONE SHOULD QUESTION THE VALUE OF THE DINAR. But there is a difference between VALUE and RATE. …Like our president has said many times that currencies are not fairly given RATES to reflect their VALUE. Either they are overly valued or undervalued and the rates do not reflect the TRUE VALUE. He wants a “level playing field”…For Iraq dinar, what we should question is the RATE as it does not reflect the true VALUE of the dinar. It is being artificially suppressed. They do not need all this economic reforms and so on and so forth. Dr. Shabibi, a financial expert who’s opinion I highly respect, was willing to reinstate the currency way back in 2013…So this entire story line of having to do all these reforms can only help Iraq but totally unnecessary in the larger picture. We wait only because of the political stuff going on right now in the US… [post 1 of 2]

Mountain Goat – Dinar Guru  …the IMF for Iraq established these currency auctions to get them over the hump from the 10 year embargo and…another attack on the country n 2003…So now they have gotten so corrupt they can’t get off of them. The embargos on Iran and taken this corruption to a new high…But the good news is the new CBI governor along with the new prime minister is going to shut down all this corruption, only the US Treasury is holding up the reinstatement of the dinar, which is needed to facilitate it. The prolonged delay is hurting Iraq as they need this change… but remember this is not as simple or clear as it seems so don’t try to pin point this to one or a couple single events to make it happen…We have insight as to what the plan is and how they are implementing it. The news is still all VERY GOOD and we will see the reinstatement much sooner than many of you think.  [post 2 of 2]

Dinar Investor – Jeff  …there’s only one thing on the table that has a direct requirement for the rate change.  It’s the payments of the reforms.  The reform payments require the rate change.   Before they can make a payment Iraq’s currency has to be internationally recognized…

MilitiaMan – Dinar Guru   [what ever happened to the white papers and kazemi and the fab4 after he left washington? i thought it was a done  deal with the cbi. can someone explain…]   The white papers look today to have signs of partially being implemented, which, suggests things are underway, we just are not yet privy to the details. Imo.

Petra – Dinar Guru  As you read about the white papers it really is driving the country to a brand new playing field.  And it all starts with changing the rate…based on this white paper that I reviewed today their next step is they have to change the rate to make the rest of the white papers work…

Petra – Dinar Guru  I’ve been so high on this that I have to look down to see heaven. I’m so excited to see what’s going on…the white paper detail…it clearly delineates the future for Iraq.  And it’s that plan that all does not happen without the change in the rate…it’s an exciting time for all of us to consider where we’re at with this investment.  I’m very excited to be where we’re at right now from a pure logic perspective…

Dinar Investor – Jeff  …about 2 months ago Iraq came out telling us that oil above $40 a barrel does cover their government operating expenses…Iraq can actually produce oil for about $10.70 per barrel.  That was just 5 years ago.  I doubt they’re even above $15 at this point.  Iraq can literally extract a barrel of oil for $15 a barrel.  So anything above $15 is pure cash profit…  Article “Brent barrel is at the highest level since March 2020“.  Brent oil was trading at $46.48.  Brent oil is getting positioned to be able to fund Iraq’s 2021 budget…

Petra – Dinar Guru   BIS is the Bank of International Settlement.  They’re the central bank of all central banks.  It is the lead bank in the world.  Their responsibility is to distribute the currency rates around the world to all the central banks…they work very tightly with the IMF and the World Bank.  They are also involved in investing.  I hope you all caught that article from Thursday or Friday highlighting their interest in Iraq.  The big question one has to ask is – Why would the BIS be interested in investing in Iraq that is currency under Article 14 because they have not change their currency rate?

Mountain Goat – Dinar Guru  Article:  “15 countries sign the world’s largest trade agreement”   Quote:  “I am delighted to say that after eight years of hard work, as of today, we have officially reached the Regional Comprehensive Economic Partnership negotiations with a signature conclusion,” said Vietnamese Prime Minister Noyn Chuan Phuc.”  So, what is the likelihood of the Dong going through a revaluation do to this agreement? Remember it is already trading on FOREX. Pay attention to what is going on and be ready!

MilitiaMan – Dinar Guru   Article:  “The Finance Committee sets the red lines available to the government to finance the deficit: borrowing…withholding salaries or printing a currency?”   Quote:  “the deduction and the reduction of the exchange rate against the dollar are among the red lines…”   There it is again…The reduction of the EXCHANGE RATE TO THE DOLLAR!!  1000 less three zeros,  1/1..?  …they are not going to do deductions to salaries with out increasing their purchasing power, imo. This is the second article in 24 hours along the lines of reduction of the exchange rate, i.e., deletion of the zeros…They reduce the exchange rate and those that have foreign reserves are going to get a massive boost in value.  The citizens will get purchase power. It is a win win all around…imo.

MilitiaMan – Dinar Guru   Article Quote:  “It is noteworthy that a member of the Parliamentary Finance Committee, Jamal Cougar, said today, Sunday, that the government would resort to reducing employee salaries allocations, in light of the ongoing financial crisis, and the government will also resort to activating collection, taxes and direct deduction from the currency auction.”   Reducing salary allocations means they are to be adjusting the exchange rate…Reducing the 000s from the exchange rate means effectively having to pay less currency as the value of it is greater!! Imo . Again, they are not going to tax at a program rate!! Imo

Dinar Investor – Jeff  …There’s a very good chance that we will most likely see the rate change during this 2020 Iraq fiscal period…because they got the borrowing law.  That was money needed to fund the reforms in their budget…that’s really good news that we saw Iraq do the borrowing law.  The borrowing law simply means they can change at any time…

Kaperoni – Dinar Guru   Doesn’t matter how bad the conditions get in Iraq, there is no RV.   Not how monetary policy works. The only way the dinar can rise is if Iraq creates the conditions, passes the laws and gets foreign investment to come in and create a private sector. In other words, unless they diversify, build a growing economy the dinar will do nothing. There is no magic wand.

BGG ~ Mike’s opinion. Everyone has one. Uhhhhhhh… but did anyone mention to him Iraq is in the news DAILY about “converting” to a “market economy” – they want to be included in the world market.

Pimpy – Dinar Guru   …always ask yourself what are the odds of them allowing people to know in advance that a rate change is about to happen?  It would cause a tsunami of people, speculators, running over there and trying to grab more dinar and causing more problems for Iraq…

MilitiaMan – Dinar Guru   Article:  “Deleting 3 zeros from the currency…Parliamentary finance is suspended and determines the size of the cost and the economic effects ”   …I look at this article as being another fair warning of the change that is to come…not only are they thinking about the deletion of the zeros, it has been in the works for many years now and is about to be launched. imo…They…what the focus is.  It is actually deleting three zeros from the exchange rate, which reduces the number (as they show) from 1000 to 1, which then begets 1/1 and with that comes great purchasing power…imo…

Pimpy – Dinar Guru  Article “Private banks announce support for central bank reforms to develop the Iraqi economy”  the banks are happy about the reform papers…you were told that the rate change is in these papers.  We know they told us that the DISCUSSION of the rate change is in the papers.  Are they going to announce anything?  I don’t know.  But there’ is nothing out there that says that once these are implemented that the rate change would be part of it.  All we know it that they told us that they would discuss it.  That means the rate change can happen at any time when you least expect it. 

Dinar Investor – Jeff  Iraq is talking from their butt on this.  Half the crap they tell you is not even true…let’s back up to last year…they didn’t change the rate…but…on March 21st of last year they told you…they had full intentional of increasing their exchange rate…then through the middle of last year they put out a crap-load of articles talking about coins and how coins could only be released based on the parameters that they increase the exchange rate…so they give us all this information last year suggesting they have full intentions of increasing their exchange rate.  Then they don’t. And then this year all they put out are these articles talking about physically lopping the currency.  They’re just screwing with your head.  You can’t take these articles serious.  All they’ve done is pumping BS to you.  These articles are complete lies.

Mountain Goat – Dinar Guru  Will other currencies RV along with the reinstatement of the Iraqi dinar?  I have never discounted any other currency from also RVing along with the reinstatement, as this might also be a good time to do them. But the one thing that I hate the most is this talk about a “planned” GCR (global currency reset). There is no such thing as a GCR going to happen and there never was…

MilitiaMan – Dinar Guru  Yesterday Iraq Finance Minister is given the green light to negotiate with AYSCUDA. The negotiations would have to be with information that would need to have been obtained from the CBI to negotiate Iraq’s procedures to get up to international standards as that is expected of a Country that to be a modern market economy.. The BIS may be our icing on the cake. Imo IT IS!!!  [ASYCUDA provides the core software and related expertise to create an efficient and effective environment for the management of Customs operations”]