Dinar Observer Daily

MilitiaMan – Dinar Guru   Article: “Al-Kazemi announces the launch of salaries after the approval of the loan law“  From the looks of what we are seeing the investment side of things is pushing forward…They really need the investment, reconstruction and employment. Paying salaries, creating future income to support those salaries is a function of going to a market economy… Full steam ahead…And it looks to be quite quickly now too.

Mountain Goat – Dinar Guru   Article:  “PLANNING EXPOSES THE LIES OF POLITICIZED PUBLICATIONS: THE IRAQI-CHINESE AGREEMENT IS LAUNCHED FOR IMPLEMENTATION … AND THERE IS NO ALTERNATIVE WITH EGYPT”  Quote:  “...we will announce some of its programs within the next two days and the steps TO ACTIVATE THE AGREEMENT THAT BEGAN WITH THE ERA OF HAIDER AL-ABADI’S GOVERNMENT AND WAS COMPLETED WITH THE ERA OF ABDUL-MAHDI, AND TODAY IT IS IN THE PROCESS OF IMPLEMENTATION”  we know part of this agreement was having the ability to transfer funds easily in and out of Iraq. So are we that close to the reinstatement of the Iraqi dinar? This is a very good announcement for us.

Adam Montana – Dinar Guru    In the US of A, we have a political fustercluck [a complex and utterly disordered and mismanaged situation…by Merriam-Webster]…, and like I said last week…the winner of the election doesn’t really affect what Iraq can and will do. It does, however, have an impact on what current President Trump may do in his (possibly) final months as CEO of the USA. Pushing Iraq towards an increase in wealth would be an incredible thing to add to the list of accomplishments, don’t you think?   I do…   [post 1 of 2]

Adam Montana – Dinar Guru  The price of Oil is…important to Iraq, and that’s doing fine… Also important is the political state in Iraq, and that too is doing fine…So… what’s the holdup?   HCL. And Article 140, to a limited extent, being limited to it’s importance to the HCL…Good news, though…that’s being worked on, and progress is being made… Don’t give up yet, friends…things are moving…GOOOOO RRRRVVVVV!!!!   [post 2 of 2]

Dinar Investor – Jeff   Article:   “Parliament holds a voting session on the borrowing law”  …we’re looking for two things after this…We’re looking for parliament to come out and say that they have finished and completed voting on the Borrowing Law.  We need to see an article that’s saying it’s fully approved and done by parliament.  And then the second article is we’re looking for the law to be passed off to the president.  We need him to sign it.  It needs to be a legal binding law…those are the steps we need to see with the law before you’re going to see that rate change…the president most likely is not going to sign it until probably next week sometime…

Mountain Goat – Dinar Guru   Article:  “IRAQ ADOPTED THE WHITE PAPER OCTOBER 2020 FOR ECONOMIC REFORM”  …two of the pillars of reform out of the White Papers…include: 1)  REVIEWING THE CURRENT EXCHANGE RATE OF THE DOLLAR AGAINST THE DINAR;  2)  Establishing  new trading markets, such as a commodity market AND A CURRENCY EXCHANGE MARKET (FOREX).  So now there is no more guessing game as what is in these White Papers that we are mostly concerned about. Their intentions are spelled out…all I can is WOW! Here it is in black and white for us to read.

Mountain Goat – Dinar Guru  Article:  “IRAQ IS PREPARING TO RECEIVE DONOR COUNTRIES NEXT WEEK”   Oh — why are donor countries all of a sudden wanting to come in to Iraq now? Could they know something we don’t?   Oh – but we do know it and it is coming to us soon…It’s called “reinstatement of the IQD on FOREX for trading (buying and selling) and not just a placeholder as it currently is.

Mountain Goat – Dinar Guru   Article:  “THE CENTRAL BANK OPENS AN ACCOUNT WITH EUROCLEAR TO DEVELOP THE PERFORMANCE OF FOREIGN RESERVES FROM THE CBI SITE”   We have waiting for this for a VERY long time. This article is telling us exactly Iraq needed to attract investors. FREE FLOW OF CAPITAL. Now this will replace the currency auctions sooner than later. Watch it all play out. We are in VERY GOOD shape to see the reinstatement VERY SOON! This is why getting the support of the EU and  off their sanctions list was so important. Do you get the  connection now?

Pimpy – Dinar Guru  There are some concerns we need to talk about and get out in the open.  No sense dragging it out.  Let’s rip off the bandage… Article:  “A Biden victory would be a loss for Iraq”  …they’re concerned about Biden announcing ahead of time that he’s going to go ahead and enter once again into this Iranian nuclear deal…the talks (peace talks) were going smoothly but once the election happened and now people are starting to think that Biden might win, a lot of these nations are holding on and pulling back until they find out what goes on…this article goes on to talk about the history with Biden & Obama and how it screwed up the entire Middle East…

MilitiaMan – Dinar Guru   Article: “Parliamentary Finance: We will oblige the government to borrow internally after reducing the deficit in the public budget”   …Well right there they are talking a rate. A rate is a required number is it not? It sure is, imo…

Frank26 – Dinar Guru  …the monetary reform of the Iraqi dinar and the country of Iraq has nothing to do with the elections of the United States of America with Biden and Trump.  Nothing to do.  Except that Trump allowed Iraq to get themselves in a position to lift the value of their currency and they’re about to. Now do you think I’m going to cash out my dinars if Biden wins?  No.  He’s going to steal all the money. 50% taxes.

Mountain Goat – Dinar Guru  Article:  “AL-RAFIDAIN LAUNCHES LUCRATIVE OFFERS FOR IRAQIS TO DEPOSIT THEIR MONEY IN THE BANK”  Each time in the past, when the CBI was proven to try to do the “project to delete the zeros” they had to collect these larger 3 zero notes and call them into the banks. We know why and its because they don’t want a bunch of overnight billionaires in Iraq. We know this will lead to the reinstate the currency. But first this part must be accomplished. This is not just my opinion or thinking on this subject but the past history speaks for itself. Folks all this news is falling right into what I have been waiting for…there are 3 articles from different sources on this in Iraqi news. So this is IMPORTANT! When the CBI speaks, I listen!

Pimpy – Dinar Guru  …here in the United States there’s a restriction on the currencies {Iraqi dinar].  You used to be able to go into Chase bank and other banks to buy…but they stopping selling for for now.  Once whatever this is that  happens happens obviously they’ll remove the restrictions and allow the banks to do the exchange.  When I talked to my bank manager which I’m at Wells Fargo and I asked him what do I do if this happens…He said it’s real simple.   Bring the currency into me.  He said obviously if you have millions of dollars we’re not going give you millions of dollars to walk out with a shopping cart.  It doesn’t work that way.  We would have a set appointment so they can order that amount of money.  I said ok.  He says if you’re just depositing into your bank account, bring in the money, we validate that it’s real.  I’ll tell you what the exchange rate is and how much money is going into your bank.  If you agree we charge you like 1% or 1.5% fee.  He said it just that simple and I said wow ok…

BGG ~ This is wildly inaccurate information. Wells Fargo Buy/Sell spreads are published and available for all to see. It is approximately 18-19% on KWD (currently). To expect any different on a “thinly traded exotic”… (as in “more exotic” than the KWD) is simply not realistic.

Adam Montana – Dinar Guru    I’m sure a lot of gossip and speculation surrounding the elections will be affecting the Dinar world.  If Trump is going to stay in the White House, Iraq certainly has a good reason to count on support from the US in their revalue (increase) of their currency.  If Trump will not be staying in the Oval Office, he could make one of his last plays a major push to help Iraq in any way they want.  No matter what, President Trump still has an influence on foreign affairs, policy, and support for Iraq until at least January 19th 2021. And we know he won’t be doing anything to hinder Iraq in an RV. [post 1 of 2]

Adam Montana – Dinar Guru   That may be why we aren’t seeing any actual news about Iraq’s currency as it directly relates to the US presidential election… because no matter how this goes, they still have the support of the US and regardless of how things turn out, we have a few months where they are in a great position, with global support, and they can flip that switch with no substantial resistance from one of the most influential and powerful nations in the world – the USA.   With all that said…my suggestion is simple.  Hang tight, wait for the official RV announcement…GOOOO RRRRRVVV!!!   [post 2 of 2]

Dinar Investor – Jeff   Article:   “The agenda of the parliament session for next Saturday and begins with a bill to finance the fiscal deficit”  Next Saturday (November 7th) they’re doing the second reading of the borrowing law.  Remember there is nothing else left.  This is the last item we’re waiting on.  We’re not waiting on a budget or anything.  We’re waiting for one last thing.  This  …So they will be doing the 3rd reading on the borrowing law Saturday November 21st…Don’t forget they can change the rate any time when they finish this law…this is huge.

Mountain Goat – Dinar Guru   Article:  “MINISTER OF FINANCE ANNOUNCES THE DATE OF PAYMENT OF SALARIES”    So how can Iraq all  of a sudden arrange short term loans to pay for the salaries for the rest of the year? Could it be that their currency is about to go global?

MilitiaMan – Dinar Guru   Article:  “Iraq is preparing to receive donor countries next week”   Quote:  “…the ninth of this month will witness the presence of donor countries to support and finance projects...”  Looks like they know something… Monday next, donor countries are coming into support and finance projects… Well wouldn’t that mean they are coming in as an international IMF Article 8 compliant countries. Surely they are not going to show up and finance in the trillions of Dinars. As that is not an article 8 compliant rate now is it?

Mountain Goat – Dinar Guru  Article:  “IRAQ: REVENUE DIVERSIFICATION CONTRIBUTES TO THE ACTIVATION OF THE PRIVATE SECTOR”   This article should be nothing new to us. This is all over in the White Paper. Diversify, diversify, diversify! This revenue alone will surpass or at least rival the oil revenue. Imagine how rich Iraq is going to be if they can get the employee salaries (even 50%) also moved over to the private sector? That’s reserves that will amount to about 2.5 Billion a month. Rich! Rich!, Rich! Right now, they are the 4th riches country in the world. Oh – and you have some of their currency? Oh – and you bought it for less than a penny on a dollar…SMART!

Pimpy – Dinar Guru  Something is going on and I can’t quite put my finger on it…over the last two weeks or so I’m paying attention to what’s going on with currencies.  On the back side of things there’s a lot of talk.  There’s always a lot of talk.  What gets me is this.  There is a lot of movement involved in the IQD…there is a lot a lot of movement between countries and central banks…that’s probably an understatement.  There’s a LARGE amounts of IQD being moved around.  We’re not exactly sure what’s going on and I don’t want to jump to conclusions but whatever this event is that’s happening,  Whatever people are getting prepared for…the IQD seems to be playing a pretty damn big role in whatever this is…nobody has been able to figure out exactly what the hell is going on with the IQD and why these central banks and other entities are making such a huge move on the currency.  For a currency that supposedly has no value…

Delta – Dinar Guru  THESE ARE MESSAGES FROM IRAQI SOCIAL MEDIA TO THE NEW CBI GOV… “We hope that the value of Iraqi cash will be strengthened and that we can eliminate the zeros and return in a strong currency not necessarily at its previous value…”; “Once the zeros are removed from the local currency, poverty and debt will be eliminated and the mortgage stake is lifted. Then the value of the Iraqi dinar will return to the equivalent of $3.3778 as in 1971 and 1973…”; “with a return to the circulation of small coins, such as the rest of the countries, to preserve people’s rights to buy and sell…” THAT WAS JUST A FEW FROM THOUSANDS OF MESSAGES TO NEW CBI GOV…ALL ASKING THE SAME…RAISE THE VALUE AND COME OUT WITH NEW LDS…OVER A WEEK OR SO AND IT’S NOT STOPPING…THEY WANT THE CBI TO TAKE THEM BACK TO 3.22…

Delta – Dinar Guru   Article:  “The Central Bank opens an account with Euroclear to develop the performance of foreign reserves”  Quote:  “This step is important in the work of the Central Bank of Iraq, as it simulates international practices in the process of investing foreign reserves…”  AWESOME NEWS… AMAZING…CBI GETTING READY TO GO INTERNATIONAL AND OPEN MARKET ECONOMY…

MilitiaMan – Dinar Guru   Article:  “Finance Minister: The salaries of the employees will be paid within two or three weeks”  Quote:  “He pointed out that the salaries of employees for the month of last October will be paid, perhaps within two or three weeks, in the event that the borrowing law is not approved, but in the event of voting on it, it will be launched directly.”  There you have it. They are confirming that the salaries have a time frame to be paid. It all hinges on the rate at which to pay them, imo.  Take note that they are saying that if the borrowing law is passed they will be paid directly.  If not and it is not passed they have an auto pay scenario of within two to three weeks.  …they have given us a time frame. There words not mine.. Huge...The rate has to be exposed to vote on the law and then that can pay the salaries, in that order. IMO.

Kaperoni – Dinar Guru   …the central bank has to follow strict monetary policies. Any growth of the Iraqi dinar will be based on the success of Iraq’s economy.

Austin-Powers-For-PM – Dinar Guru   Article:  “A Source Confirms: The Continuation Of The Suspension Of Employee Salaries For 10 Months”  Quote:  “An official source in the Ministry of Finance stated, on Sunday, that instructions were issued not to disburse any check for salaries of state departments.”   Bingo!  We have finally hit the Schwerpunkt of this whole process. They are forcing action instead of promising that the salaries will be “Next week.” The article basically was telling the citizens “You ain’t getting paid.” Nobody in their right mind would put that article out under normal circumstances. It would lead to rioting. It also broke a pattern, which means it needs to be replaced with another pattern. They are telling the citizens, in an indirect way, they are going to get paid electronically and that everything is about to change. There is no going back.

Dinar Investor – Jeff   …Saturday of last weekend they did the first reading of the borrowing law.  They average about a week and a half between each reading…they are on track to have the borrowing law done middle of November … that’s the last thing we’re waiting on so they can change the rate anytime after they finish the borrowing law…watch the borrowing law…

Delta – Dinar Guru  …THEY DID REPORT IN IRAQIA TV THAT WHITE PAPER WAS DONE BY US…AND THEY SAID BY US HELPING IRAQ WILL MAKE INTERNATIONAL COMMUNITY SUPPORT IRAQ…SO AS WE TOLD YOU IN THE PAST THE US DEVALUE THE IQD AND THEY WILL RI BACK FOR IRAQ…CBI TOLD US VIA NEW GOV…HE IS GOING TO MAKE NATIONAL CURRENCY STRONGER.

Kaperoni – Dinar Guru  The recently-announced White Papers is a good step in the right direction but all it is is ink on paper. Iraq …needs to make changes…until that happens nothing will change.

Pimpy – Dinar Guru  ...on the back end of thing right now there is a lot of chatter.  I mean it’s increased…large amounts of IQD have been moving to a lot of different central banks and into a lot of different countries.  That’s not a secret…what we can’t figure out is why.  There seems to be some kind of deadline on all these things for some reason.  The deadline is in the month of November.  What’s that means? I don’t know.  But there’s a lot of rumors.  I try to avoid rumors because I don’t want to talk about anything that I can’t prove.  But I will at least let you know that is out there and even people I know that deal in the IQD are purchasing personally IQD themselves.  It kind of makes me wonder.  I don’t know what they know.  Either they know and they’re just not sharing or they don’t know and they’re just preparing just in case…a lot of changes coming real quick…

Mountain Goat – Dinar Guru   …reinstating the IQD on FOREX is exactly what we wait for but it has not happened as of yet. This can not yet happen until the OFAC sanctions are lifted. The banks simply will not touch the IQD until this happens...