Dinar Observer Daily

Clare – Dinar Guru  Article: “Trade discusses the mechanism for Iraq’s accession to the World Trade Points Federation”  Quote: “The Private Sector Development Department discussed with the Departments of Foreign Economic Relations and Administrative and Financial Affairs at the Ministry of Trade, the mechanism for Iraq’s accession to the Federal Union of World
Trade Points, the legal procedures for joining, and the benefits that the Iraqi sectors will obtain.“

Militia Man – Dinar Guru   Article: “US Treasury takes control of Iraq’s Central Bank to combat money laundering”  They said that on August 3rd.  It’s confirming the US Treasury Department has taken permanent headquarters in the Central Bank of Iraq building.  Why in the world would they do that if there wasn’t something important…They’re going to put the fire under them… Quote: “The central bank was forced to allocate…” Those are pretty heavy words.  Powerful.

Babysmom – Dinar Guru  WE SURELY ARE NOT IN THE SAME POSITION WE HAVE BEEN IN PAST YEARS…THIS IS DEFINITELY A DIFFERENT PLACE THAN WE HAVE EVER BEEN...OUR BEST IS YET TO COME!…

Militia Man – Dinar  Corruption…At the very last minute you’re going to do something that’s dramatic and you’re going to create value, you’re going to want to have all the bad folks under the gun and maybe even notified prior to that we got your number…

Mountain Goat – Dinar Guru   Article quote:  “introduction of new currency does not mean the destruction of ancient coins, but it will continue to trade to about ten years”. How can this possibly…“lop” when they will continue trade and use these larger three zero notes in the background for 10 more years after they complete the Project…So no more negative stuff about a LOP…please!

Militia Man – Dinar Guru  What I bring has data behind it.  I’m not just making it up or just getting phone calls.  I’m actually doing the work.  I put it together.  It takes a lot of time to put all the work together.  I like doing it because it does help so many people…You’re not the only ones that are tired.  Everybody in our crews can be tired at times.  We all need to support…

Nader – Dinar Guru  [Iraq former government/UN employee friend Imad from Basra update]   Question:  “The Untied States, do they have anything to do with the Iraq currency?”  Of course, yes, they control it.  They have some interest between the two countries. 

Pimpy – Dinar Guru   Until you hear otherwise just assume Alaq has submitted his resignation letter and has not put a date yet as to when his last day is.  There are too many articles out there stating he has submitted a resignation letter.  

Militia Man – Dinar Guru  Article quote:  “Federal Integrity Commissioner…says we discussed the development in the integrity file and the government’s efforts to recover funds into the Iraqi state treasury.”  There’s some people out there that have stolen a lot of money and that money is still floating around the world…If you stole it you’re probably going to have a knock on the door…If you’re playing by the rules you shouldn’t have a problem.  Depends on who writes the rules of course…

Militia Man – Dinar Guru  There are a lot of things that are rough and tumble out there.  On a good note, everything  we’re seeing is still focused and still on track and I think we’re going to be in good shape.  If they launched this over a year ago, we’re coming to a close.  I firmly believe it, they’re coming to a close and they’re getting ready to do what they have to  do...

Nader -Dinar Guru  [Iraq former government/UN employee friend Imad from Basra update]  Question:  “Will the three zeros be deleted?”  Yes sir, they will be deleted soon…realistic it’s not going to happen next week or next month.  It’s not…you have to hang on and wait a little bit.  NADER:  I say from here to December…Is it going to happen before the election?  IMAD:  No. Let’s wait and see.  NO…It’s not in the near future…To move these three zeros takes a lot of work…corruption…a lot of things have to straighten up a little bit.

Pimpy – Dinar Guru  On July 11th it was $84.69 per barrel of oil.  As of the 6th of August it had dropped down to $76.17 per barrel…It is now $79.66 per barrel.  This goes right back to the whole issue about the price Iraq has set per barrel in their budget.  There’s an expectation…if they don’t meet it then everything they plan for ends up being a deficit for Iraq.  A few month ago we heard this was a problem in Iraq and the central bank kicked around the idea of devaluing the Iraqi currency again...It doesn’t mean it’s going to happen.  I’m just bringing to your attention they have spoken about devaluing the Iraqi dinar because of the rate they had set in the budget per barrel which I believe is around $70 per barrel.

Jeff – Dinar Guru  I’m about the only [guru] out there that has put an emphasis on the budget, telling you that the budget is unconstitutional.  Nothing, not even the rate change, absolutely nothing economically is happening in Iraq till the court overturns the budget…The budget has to be overturned and it probably going to be around mid-September.  That’s the main piece to the puzzle you’re waiting on right now.

Militia Man – Dinar Guru  Saleh, financial advisor to the prime minister, has a really good report. “Government Signal:  High Export Capacity Boosts Currency Value”  He’s giving reasoning why certain things will boost value...They’re talking about floating and fixed prices…He gives his opinion – Floating seems too aggressive, fixed prices work but a managed float I think is what he’s talking about…

Pimpy – Dinar Guru  If it could be proven that [Alaq] was involved with some criminal activity…then he should be out of there and convicted…But if it’s all baloney and this is another one of those moves by Maliki and the Coordinating Framework then people have to do something…So we’re not sure where this information is coming from.  But that doesn’t mean you
shouldn’t listen to the news, because this person is like, ‘See Pimpy, you said there is no fake news.’  I did not say there was no fake news but not everything can be fake news.  Just because you don’t like the information…it must be fake news.  Nope.  What you got to get to is the bottom of why this situation is there in the first place…Like anything else you have to be able to sift through the crap that you’re hearing and make a decisions on whether the news is real or not…

Militia Man – Dinar Guru  Article: “Government signal: high export capacity boost currency value“  It’s an education piece…Why is the country of Iraq and the financial advisers talking…?  Because the fact things are changing.  They want to make the people aware that there are things happening.  I believe give reassurances to why they’re doing what they’re doing.  If you’re going to have a value change…people need to have a little bit of a warning…

Clare- Dinar Guru  Article:  ”Government Advisor: Increased Export Capacity Boosts Currency”  Quote:  “The financial advisor to the Prime Minister, Dr. Mazhar Mohammed Saleh, stated that the global currency rates are determined in two main ways: floating and fixed prices, indicating that there are many local and international factors that control the strength of the currency, such as supply and demand, interest rates, inflation, growth in the local economy, trade balance, and others“

Mountain Goat – Dinar Guru  As far as timeframes, my contact told me to watch the progress of the banking reforms that the Feds are pushing. This includes the parallel market rate vs the CBI official rate and the currency auction levels…Today we read yet more articles on the banking reforms now in motion, just as I was told would take place…Yes, measures are being put in place just as my contact told me would happen and the situation with the banks is going to be resolved, and soon…  

Clare – Dinar Guru  Article: “Parliamentary Committee to Nina: A government team is preparing a new draft of the Oil and Gas Bill ”  Quote: “Prime Minister Mohammed Shia al-Sudani has assigned a tripartite ministerial team to prepare a new final draft that will be presented first within the Council of Ministers for approval, and then sent to the House of Representatives later“

Jeff – Dinar Guru   The budget will be overturned by the court, deemed unconstitutional probably by mid-September.  Absolutely nothing is going to happen in Iraq till the budget gets overturned by the court.  The budget is not published in the Gazette yet.  That’s still outstanding.

Pimpy – Dinar Guru  We know pretty soon Iraq is going to be here and talking to people in Washington about what they need to do to get back into good graces, have sanctions lifted on some of the banks and allowing Iraq to move forward with reform without looking for excuses to penalize them every time Iraq does something that pisses off the Biden Administration.

Militia Man – Dinar Guru  The Central Bank of Iraq has been on top of it.  They’ve been working in conjunction…with the US Treasury and Federal Reserve to get Iraq to be in compliance with international standards...If you’re doing nefarious deals you’re going to have a problem…

Breitling – Dinar Guru  The key for Iraq – For them not to be dependent on the dollar.  If they economy is 100% energy then they’re going to be 100% dependent on the US dollar. How do they get their currency outside of that?  They have to open up to doing business in completely different sectors… Then they can attach that part of the economy to the Iraqi dinar.  And they can add value to the dinar as they see fit.  That’s always been the underlying goal of what we want Iraq to do…

Clare – Dinar Guru  Article: “Is “floating the currency” a solution to the crisis of the high dollar in Iraq? A representative explains”  Quote: “There are calls to float the exchange rate in Iraq…Floating the currency is a procedure based on liberalizing the exchange rate, leaving it to market factors (supply and demand), to determine its value without any form of intervention by the economic authority...There are two types of floating: the first is absolute floating, and the second type is managed floating, i.e. the type in which the central bank intervenes to direct the exchange rate up or down, as it sees fit to achieve the interests of the national economy.”

Dinar Investor – Jeff  The Supreme Judicial Council has decided it’s time for the current central bank governor to retire.  Remember this is his second term.  During his first term back in the year of 2018 that’s when he printed the new lower smaller category denominations notes with his signature on them.  The only reason they put him back in for a second term was to commission the rate change.  Now they’re saying he’s going to be forced into retirement.  No retirement date has been provided.

Pimpy  – Dinar Guru  Should he stay or should he go?  There’s a lot of rumors and stories out there about Alaq resigning or him being pushed out because of his age, it’s time for him to retire.  Then you got people out there saying, ‘Oh, this is all fake news.’ Or maybe it’s just the fact that there are some corrupt people still in government trying to grab control…of the the Central Bank of Iraq and one of the steps they have to first do is force Alaq out…Is it possible these stories are circulating because they want Alaq out?  Did he really take part in some crimes?  There’s a lot of different scenarios.  That’s the deal with Iraq, you’re not always 100% sure of what’s really going on…

Militia Man – Dinar Guru  Article:  “Referring Al-Alaq to retirement: a legal step or settling political scores?”  It’s been ongoing for the last few days there’s been a suggestion that he was going to resign.  There wasn’t any meat and potatoes to that…Then they went after his age.  They said he was too old.  Then now there suggesting there’s political scores that are doing this battle and giving bad publicity…Some people out there…made a lot of money, they’re not going to any more, off those dollar auctions.  They did it for a long long time.

Mountain Goat – Dinar Guru  …we read yet more articles on the banking reforms now in motion, just as I was told would take place… Yes, measures are being put in place just as my [CBI] contact told me would happen and the situation with the banks is going to be resolved, and soon.

Breitling – Dinar Guru  If Iraq doesn’t start making the right decisions they’re not going to make it.  They’re going  to be forced to use more US dollars because the US will put more and more sanctions on them if they don’t and that’s going to devalue the currency even more.

Militia Man – Dinar Guru  Alaq, the Central Bank governor has been under pressure for lots of things.  He was even summoned to Washington and he showed up…to have a powwow meeting…It was unannounced.  There were some issues at that time…It was months ago…The pressure is a good thing from my point of view…MPs in parliament are calling him out.  There’s an agenda.  I firmly believe that.