Dinar Observer Daily

Nader – Dinar Guru   I got good news for you this morning.  The president of the CBI sent a letter to the government talking about the rate to be changed, but there’s no decision made yet.  When we say rate change you know rate is not going to be 1 to 1 first day…it’s going to float for a long time…it’s going to be tough to be 1 to 1…Iraq paid a lot of things I know but we still owe money to 12 countries …the UN took us from Chapter 7 yes.  We are out from the black list on the European Union…they are working hard.  They are doing a lot of things.

Petra – Dinar Guru  We’re seeing a lot of major things happening within Iraq…it surprised us that an article that came out…they said they are [having] discussions… [about] funds that could be repatriating back to Iraq that were either stolen from Iraq or have been on hold in accounts on behalf of Iraq until they go out of Chapter VII.  If those funds are coming back, oh my goodness it could really impact…the free cash flow that would be available to help them build their infrastructure and build the country and bring in the secondary markets…that’s a lot of money and there’s a reason why they held that out this long…

Vital Brad – Dinar Guru   The question is is this a scam?  This is a foreign currency...  When is it going to revalue?  We’re hoping soon…  What’s it going to take to revalue?  Iraq need to meet standards by the IMF.  They were the ones that decommissioned their currency.  Iraq needs to meet certain standards and certain qualifications in order to be reinstated…it could happen at any time.  They’ve met those standards, they are just finalizing their government.  I’ve heard having the government to the point that it is right now would be enough for them to pull the trigger.

Kaperoni – Dinar Guru   Article:  “Economist: The Government has no justification to continue to raising the dollar exchange rate”  Quote:   “…oil prices and financial abundance make it imperative for the next government to take measures to reduce the exchange rate…Iraq has all the financial capabilities and qualifications that necessitate a reduction in the exchange rate especially after the compensation of Kuwait’s completion and the rise in oil prices…”  an article about reducing the exchange rate…They’re talking about bringing it back to what it was a year ago that’s 1170 to $1. There is no RV.

Nader – Dinar Guru  If anything happened it’s not gonna be 1 to 1…it’s gonna be between 800 and 1000 and then it’s gonna float.  Then it’s gonna take some time, maybe 6 months to get up to $1.50??

Vital Brad – Dinar Guru  We are not supposed to know about this…”loop hole”…the everyday person is not supposed to know. The Iraq people don’t know. If you were to talk to someone about this in Iraq, and I’ve talked to people in Iraq, they have no clue.  They aren’t told to hang on to their own money because it’s going to be worth something more one day.  They’re using it.  They’re spending it everyday. They’re transacting in it.  It’s going to be the banks and the people physically holding these notes that are going to be blessed from this.  I really do believe that the best is yet to come…

RVAlready – Dinar Guru   I think what is being done is not obvious to us, because we have different goals. Iraq is trying to run a country and engage in international commerce. We are waiting on a public RV, in order to exchange currency. It is frustrating for us, but Iraq must do what is in the best interest of their country. Hopefully, there will soon be a convergence of these goals.  I think more has been done than most people realize. I think the finish line is sneaking up on us.

Vital Brad – Dinar Guru  The deal with the Iraqi dinar is that you hold Iraqi dinar that you got for fractions of a penny right now.  As Iraq is rebuilding and as Iraq is finally seating their government and getting all the pieces in place…I really do think that holding Iraqi dinar is gonna pay off…When is the question.  If you know when let me know!  …Iraq is moving forward…they’re coming together.

Sandy – Dinar Guru  Article:   “Iraq stock exchange trades 930 billion shares in 2021”  This is up 131% from last year…you should also know… Article:  “Economic center:  2021 saw a dramatic rise in the prices of the capital Baghdad’s real estate.” …in 2021 there was a significant increases in real estate prices in Baghdad capital area in commercial and residential buildings.  It is believed these prices could exceed prices in Dubai and/or London.

Vital Brad – Dinar Guru  When it comes to rate I’ve heard numbers as high as $30....I’ve heard numbers that are way out there… different ways to get a higher rate than what everyone else gets but you know I like to keep it conservative...if if went 1 to 1 to the US dollar when it first hit the international market that would be amazing.

MilitiaMan – Dinar Guru   …we all know that a REER (Real Effective Exchange Rate) is what we are looking for. Anything less will not work…To open a bank branch in the UAE and or even in Saudi Arabia is to be international. That will require the REER…Plain an simple imo…So, the CBI needs to talk and walk all at the same time…imo.. It’s coming…imo..

Sandy – Dinar Guru  The white papers gives us the exact time frame…The white papers address the necessities needed for a financially healthy Iraq.  The white papers have a 3 to 5 year span from the date it was published 2020.  Thus 2022 may not be the year to expect much movement in the currency rate except to return to the previous rate of December 2021…

Fleming – Dinar Guru   IRAQ HAS “OPENED THE WHITE PAPER”...The Iraqi leadership, including the newly elected leadership – including the many newly elected Presidents; didn’t like the previously published IQD “International Rate.” This disagreement caused a slight delay while this new starting/floating rate of over $11 US, was formally approved and changed. Nothing else in the White Paper was changed. Today we’re told that Iraq is planning a Saturday announcement.

BGG ~ This is complete B.S. Junk like this is how Dinar investors get such a bad rep…

Militiaman – Dinar Guru  [a member] of the Board of Directors for the GCC states it’s time to adjust the exchange rate and enhance the national currency of the Iraqi dinar against the dollar.  You can’t make that up.  It’s what the people in the region are talking about…

Mountain Goat – Dinar Guru  There is not much more to say about the reinstatement (A.K.A. RV).  We are pivoting right at the window now. We know that the plan is to shortly conduct the project to delete the zeros and them follow up with the reinstatement on to FOREX…finally. Nobody really knows the exact timing. I have not heard anything currently that is holding it up… There is not much more I can tell you at this time except the citizens in Iraq are absolutely being told that the currency redenomination will happen in the next days. We all know what this means. I am VERY excited!

Kaperoni – Dinar Guru   Kuwait didn’t [RV] and there is a significant difference [between the Iraq dinar and Kuwait dinar situations]… Kuwait has around forty billion dinar in circulation and Iraq has over 100 trillion.

Adam Montana – Dinar Guru   […Once they open this window I believe this will grow overnight and not be able to hold the value down very long, who knows how high it will grow unless the CBI puts a cap on its growth.]   …Whether the CBI would put a cap on the growth or not… I am inclined to agree that they will. But there’s a strong argument for that cap being $1.

Kaperoni – Dinar Guru  …Nothing is moving fast in Iraq, they’re not in a position to do anything until they have a government, pass laws and have investment for the private sector.

Vital Brad – Dinar Guru   I’m just a regular guy with dinar.  I try to do research on it to figure out what’s going on.  I try to gather information… I don’t know if this is ever going to happen.  I hope, just like Kuwait, the Iraqi dinar revalues and the people ‘in the know’ benefit from it.  I’m trying to let as many people know about it as possible so when it does happen it’s not just elites ‘in the know’…

MilitiaMan – Dinar Guru   Article:  “Barzani: Joint work between Baghdad and Erbil contributed to Iraq’s exit from high-risk countries”  I like the sounds of this article, as it is in past tense. A good sign that there is consensus between Baghdad and Erbil. The linkage of the Kurdistan Regional Government to the global system is very telling. They are achieving success today and are saying that they will look back to today, as a turning point for a prosperous global future for the people of Kurdistan. This is a good sign of change to come…All good news.. imo.

Kaperoni – Dinar Guru  Tweet by Kurdistan PM Masrour Barzani – ‘I strongly welcome the EU’s decision to remove Iraq from  its list of countries at high risk of money laundering.  Now with increased cooperation and investment from the EU, banking sector reform and support will become easier to deliver for our people.’

Mountain Goat – Dinar Guru   ...we read in articles that it is time to adjust the exchange rate to enhance the value of the national currency (the Iraqi dinar) against the dollar. Iraq citizens say that they demand the return of the exchange rate of the dinar to its “normal” state. What is its normal rate?…I believe the CBI is pushing for the “glory” days of the dinar and this is their objective. This means reinstating it back on FOREX with a rate well over $3. We all need to remember that the true value of the dinar is NOT reflected in its current exchange rate even at 1120. [post 1 of 2]

Mountain Goat – Dinar Guru  …We are waiting for the CBI, IMF, World Bank and BIS to finally release the real rate of the dinar [that] will fairly and truly measure up the REAL VALUE already present in the economy, the oil and other resources of Iraq.  Iraq will never accomplish its goals as stated in the White Paper without the reinstatement of the dinar and globally trading it. The White Paper itself even tells us this is their objective to accomplish…  [post 2 of 2]

MilitiaMan – Dinar Guru  Article:  “The outlets announce an agreement with the customs to activate the customs and tax receipt program”   This to me suggests there is a game plan to going international.  They tell us the most important thing agreed upon is to activate the tax receipt program at the Border Ports Authority.  …The CBI has told us they have a new electronic system that is one of it’s kind and has interlinked with government entities already. We also know that AYSCUDA has a contract for this very subject and that the WTO is working to support Iraq in her ascension along the way…They are gearing to activate systems. That activation is imo going to require an international REER (Real Effective Exchange Rate) in place...

Mountain Goat – Dinar Guru …What I am told by the CBI is that they are planning a MAJOR rate change and reinstatement to FOREX as part of the White Paper reforms.

BobTheTaxMan – Dinar Guru  We’re going to take an example.  Let’s say the announcement came from the CBI…with an anticipated rate of .50 cents…So you take your 10 million IQD and you rush off to the bank and you exchange it for $5 Million dollars.  Yippie!  Your IQD investment finally paid off…you go home petting your precious money fantasizing over what you are going to spend it on…the lifestyle you have dreamed of is within reach.  The house, the car, the vacation, the toys – they all appear and your long dreamed of funds begin to disappear.  Now all the money is spent…whatever you set in payments is still there draining your income and your income cannot continue to support the lifestyle your fantasies created.  Then comes a letter… [Post 1 of 2]

BobTheTaxMan – Dinar Guru  …a letter from the IRS you are now owing them 40% of your 5 million dollars which is approximately $2 million dollars.  And then the state comes knocking saying ‘hey you owe them also’.  The dreams of a lavish lifestyle suddenly turn into a financial horror story because you have payments to the IRS and to the state which are freaking impossible.  The debts begin to take a toll on your life and your relationships are challenged maybe even broken.  Your financial security is completely destroyed and everything you thought the IQD investment would be is now a legacy of pain and guilt.  Now, take another look at the same scenario but with planning and preparation for the anticipated IQD revaluation.[Post 2 of 2]

Sandy Ingram – Dinar Guru   Article: “Central Bank of Iraq governor meets with head of Turkey’s banking licensing and supervision authority”  This is happening…The Central Bank of Iraq setting up bank branches in Turkey.  This was good news because it means investors possibly can visit a safe country in which to exchange Iraqi dinars and/or open a banking account and set up possibly 4% interest rate...

Pimpy – Dinar Guru  There is a lot of positive things working in Iraq.  We know these things.  We know the early elections took place and the government is being formed.  We know over the last year and a half Al-Kazemi appears to be the real deal Holyfield.  He’s been doing everything he could to get the corruption weaved out the the government- doing what he could to develop the private sector…so their budget isn’t reliant on oil sales…they’re finding new oil and oil fields.  They’re working on moving quickly through the WTO.  They’re doing what they can to remove themselves off the blacklist…we know our troops are getting ready to leave restoring the sovereignty of Iraq.  We know that their debt is almost paid off with Kuwait for invading them.  All these things are big…steps necessary to get to the revaluation of the dinar.

MilitiaMan – Dinar Guru   If they are openly telling the citizens and from what we hear…in Iraq that they are going back to the glory days. That will require Article 8 compliance. A rate of 1460 is not Article 8, nor is 1190 or even 1166…They’ll need the similar notes, as they had back in the glory days. Thus, they are said to be showing them the old notes in videos lately and still on going. …The new digital system will require them to have new currency and one they can monitor efficiently and transparently.  They have not destroyed 000s notes and reduced the supply of them as well, and…printed new notes to not change the exchange rate to get them on a level playing field like back in the glory days…Iraq has way too much value for them not to not raise the value of the Dinar.