Dinar Observer Daily

Kaperoni – Dinar Guru  Iraq will not be randomly changing the exchange rate back to some rate pre-war. Only with the success of Iraq’s private sector economy can the dinar go up in value. It’s not arbitrary or random and the dinar is not a lottery ticket.

Nader – Dinar Guru  If they do that  [put it back to ‘previous’ 1160]  it will be at like $3.00 in a month…if they put it back on Forex.  Because right now you cannot exchange it on Forex.  You cannot buy it at the banks.  You cannot do anything with it in the United States.  There’s only one or two banks accepting it and it’s very small banks…If they put it on the Forex I think we’ll reach $3.00 in a month but for now it’s not on the Forex and it’s not in the banks it’s toilet paper like you guys say…for now we wait.  We wait.  We wait...

Pimpy – Dinar Guru  I’m starting to almost change my opinion on where the rate change might happen.  Not an RI or an RV…but you might see a little bit better than…1190 dinars.  I believe the lower value that we’ve seen in the past takes it down to 1050 dinars for every dollar which would be a pretty good little drop…I know people are jumping up and down going ‘no we want an RI or RV Pimpy!’…Like I said you’re not going to get an RI or RV until they do something about not having to rely on oil as much as they do…I think you’re going to see the dinar increase in value but I think you’re going to see it somewhere between 1190 dinars and…1050 dinars…the lower the better.

Kaperoni – Dinar Guru  Iraqi media again today posted an article about new government returning the exchange rate to what it was 13 month ago (not a RV as the guru’s say).  Unlikely to happen because the central bank is responsible for monetary policy.

RVAlready – Dinar Guru  Article:  “The Framework Announces The Move Towards Collecting Parliamentary Signatures To Change The Dollar Exchange Rate”    Remember, this is just grandstanding.  A few things to think on: Parliament does not set rates.  CBI does. It does not matter to us what the dinar rate is in Iraq.  The US rate will be set in accordance with treaty and 50 year oil future projections.  The CBI asserted its right as the sole authority in setting rates just a few weeks ago…

Vital Brad – Dinar Guru    “I heard they want to change the rate before they release the budget.”  If we can see the rate in the budget – that’s a big thing that I look for each year when that budget comes out is you can look and see what the rate is so if this thing is going through we’ll be able to see it reflect in the budget.

Pimpy – Dinar Guru   I think if they do change the rate it’s going back to where it was before.  Right now you can get 1450 dinars for every 1 dollar and before they devalued it you used to get 1190 dinars for every dollar.  I think what they’re gonna do is…put it back to the original rate.  Now there is a couple of things that have crossed my mind that makes me go maybe they might value the dinar a little bit more than that – Iraq is no longer paying Kuwait money.  All that money now stays within Iraq… [Post 1 of 2]

Pimpy – Dinar Guru  …in addition to that the price of oil keeps going up.  Meaning there’s going to be a lot more revenue coming into Iraq than before.  Does that mean they could change the rate to something outrageous like a total RV or RI?  ...Not yet…[But] I’m starting to think these increments might be a little higher…with as much money as they were putting in every month to pay Kuwait and as high as oil costs are going they’re getting a nice  little chunk of money coming right back to them… [Post 2 of 2]

Sandy – Dinar Guru  These are speculation numbers to help you understand Iraq’s vast wealth potential…The total value of the Iraqi potential oil reserves at an average profit of $75 per barrel over the next 100 years is 360 billion [barrels] x $75 = $27 trillion US dollars or $900,000 per capita…

MilitiaMan – Dinar Guru  Article:  “I talked about the stage of “reaping the fruits” .. Chairman of the Investment Authority: We have prepared 70 projects for the state”  The next stage is not going to be at a program rate. The economy will not stand on oil sales alone. Again the automation of the ports and borders will bring in massive revenues!! Just as the religious tourism, the Liquid natural gas sales, other natural resources, etc., etc.. imo   Apply the REER (Real Effective Exchange Rate) and let her sails to the wind!! imo.

Mountain Goat – Dinar Guru  Articles:  “ECONOMIST: IRAQ MAY GET HALF A TRILLION DOLLARS ANNUALLY IF IT IS LINKED TO THE SILK ROAD”;   “THE SILK ROAD ON THE {MORNING} TABLE PENETRATES 70 COUNTRIES AND REVIVES IRAQ’S ROLE IN INTERNATIONAL TRADE”    Did I not say already many times the objective of using Iraq is for a global trade clearing house for the middle east? Well here it is…  Can you imagine the revenues? Not only oil revenue but revenue from customs and tariffs and now tax revenues from companies and individuals and then the hotel and tourism. Oh…but wait Iraq still has a 1/6 of a penny dinar…  : )

Pimpy – Dinar Guru   Article: “A deputy reveals a set of options regarding the 2022 budget, including the price of the dollar”  Here’s the talk of the town.  Everybody’s talking about a rate change…I still think what’s going to happen is you’re going to see the dinar go up in value but it’s going to happen in increments and it’s going to happen over a period of time.

Vital Brad – Dinar Guru  Community comment “No such thing as redemption centers…”  I’ve heard different things on this.  There’s so much opinions out there but when this thing goes International and banks are trading you’re going to be able to go down to a currency bank, Forex dealer and get the IQD traded in, purchase it if they have it on hand, it’s going to be a tradable currency.

Nader – Dinar Guru   Here’s the good news.  From here till next week the rate will go up.  I don’t know if they’re going to RV it or RI it.  Or I have no idea if they’re going to the ‘previous’ it.  The previous is 1160 but I think they’re going to put it at 1150.  I hope they RV it…I know something is going to happen this week or by next week.  I know for sure yes...they keep saying they’re going to do, they’re going to do it, they’re going to do it but we don’t know when they’re going to do it.

Mountain Goat – Dinar Guru  Article:  “A GOVERNMENT MOVE TO FORM A SOVEREIGN FUND IN IRAQ THAT WAS SUPPOSED TO WORK 18 YEARS AGO”   This is all part of the financial stability we are now seeing develop in Iraq. They need stability and security…remember?  Could the elite finally have had their share of raping the wealth out of Iraq and are now backing off?  Why are so many issues now being addressed that have not been addressed since 2003?…This is not business as usual.

Vital Brad – Dinar Guru  Community comment “February for sure.”  There’s a lot of people say in February.  It’s gonna depend if Iraq has their government seated or not.  Based on how it’s looking I think they’re gonna get done quicker and it could be possible.  Hopeful …I could definitely benefit from a February RV.

Sandy Ingram – Dinar Guru   “Iraq’s President Barham Salih nominated by ruling Kurdish party to run for second term”  We do not yet know the fate of the prime minister position.  

Kaperoni – Dinar Guru  … Governor Shabibi wanted to reinstate the dinar.  Not true, he was planning to float it.

BobTheTaxMan – Dinar Guru   We have found out because I happen to have a contact in Warka that verified the information that we thought was true that they have been pretty much shutting everything down and the CBI is taking it over and cleaning it up.  Warka is going to come back out as Warka and is going to be in a position to do more than it has in the past…

MilitiaMan – Dinar Guru  Article:  “Iraqi ports confirm that no port in neighboring countries has any impact on Al-Faw”  The automation of the port is going to be a money machine! Likely the next Dubai in context of bigger. Once they go international with their REER (Real Effective Exchange Rate) , the amount of money will likely compete with the oil revenues…Iraq will have a sovereign wealth fund that will be massive in the future. They’ll be able to support their exchange rate easily…

Vital Brad – Dinar Guru  We’re going to see a lot of changes happening.  We’re going to see things tightening down.  More government oversight.  But the good news is people that have prepared, people that do hold some Iraqi dinar IMO and some other currencies…the rates…are going to be a lot higher than they are right now.  It’s a buy low sell high…It’s what they call generational wealth where our kids’ kids kids benefit from this wealth exchange… [Post 1 of 2]

Vital Brad – Dinar Guru    …IMO be prepared because I think the system, our currency as a whole is going to go through a crash…and these undervalued currencies like the Iraqi dinar is going to be a currency that benefits from this new system…we’re going through big changes.  [Post 2 of 2]

Kaperoni – Dinar Guru  If Iraq floats the currency they can gradually reduce the money supply over time and allow the dinar to gradually appreciate based on the success of the economy. That is the only way that dinar can go up in value.

Vital Brad – Dinar Guru  We’ve got a couple people in Iraq …sharing their point of view…they’re talking about the changing the rate of their currency.  Some people are saying ‘Oh, they’re just referring to going back to the 1190 rate.’  IMO unless they pull the trigger quickly it will give people that aren’t aware of this time to jump in and really load up.

Mountain Goat – Dinar Guru  So much very good news today to tell.  I can hardly hold back my jubilation of what is shortly to come…once the button is pushed the actions necessary to bring Iraq to a financial power house will be in motion.  Right now, we await the announcement for the second session of the new parliament which will nominate and vote on the new president in the same session. Then the new president, after taking oath, will nominate the new prime minister. …NOTHING will stop it. I totally believe, from what I am hearing, that the CBI will trigger the project to delete the zeros somewhere in this process soon and we can expect to see the reinstatement shortly there afterwards…I am expecting to see it sometime in February. I do not think we will get out of February without the reinstatement of the IQD back on FOREX.

Vital Brad – Dinar Guru  Article:  “Al-Sadr nominated Al-Kazemi as prime minister for the majority government”  After the government as a whole is fully seated I think it could go anytime.  The sooner the better of course …

Kaperoni – Dinar Guru  …’they’re not going to open the 2022 budget unless they raise the exchange rate.’  Yes, there is talk of this but only returning it to 1170.

Breitling – Dinar Guru  What’s coming down the road?  What does Iraq looking at?  Why haven’t they pulled the trigger today?  I’m telling you they could pull the trigger today if they wanted to.

Mountain Goat – Dinar Guru   Article:  “RETURNING THE DOLLAR EXCHANGE TO ITS PREVIOUS PRICE IS ONE OF OUR PRIORITIES”  …let me remind you what the phrase “returning the dollar’s exchange rate to its previous price” means. Some authors do mean from 1450 back to the 1122 program rate, but the CBI means back to the “Glory Days”...If the CBI wanted to revalue back to the old program rate of 1120 they would have done it already in December 2021. They do not need any change in the government to revert it back it…So, this alone tells us that something different is about to happen. They are going to get out of the program rate. This is not business as usual.

Kaperoni – Dinar Guru  Today’s Iraqi Federal Court decision appears to confirm previous parliamentary session was legit giving Al-Sadr now the momentum to move forward and begin to create a new government.