Dinar Observer Daily

Pimpy – Dinar Guru   I don’t know about you but every day I’m looking at the news I’m just excited.  I’m waiting to hear when Al-Kazemi is coming over here.  I don’t know if they set an official date.  I think the official date is for the 22nd, 23rd.  Either way I think it’s next week.  Like I said it seems to me like they’re lining up all their ducks.  A lot is getting accomplished before Al-Kazemi comes here.  Our big hope is that they go ahead and reinstate the sovereignty of Iraq.  But more importantly removes the restrictions off their currency…it looks like everything is lined up the way we want it to. This is good news.  I’m excited about this.  It seems like we are very close to achieving our goals…hopefully with the rate that all of us would be very very happy with…

Pimpy – Dinar Guru  …an article came out by an economist… making a suggestion…about the dinar rate and the deletion of zeros… Article:  “A deputy presents a roadmap to solve the financial crisis in Iraq”  …He is making a road map to where they think they need to be in order to get them where they need to be as a country…we know for every 1 USD you get 1190 Iraqi dinars…   Quote :   “ Exchange rate – begin to gradually reduce the Iraq dinar price to reach 1500 dinars against the dollar until the end of the year 2020…”  So if they increase the amount of dinars we get for every 1 dollar, that’s obviously bad for us.  That means they’re lowering the value of the dinar.  The smaller this number gets, the better it is for us. So they’re saying they wanna increase the rate to 1500 dinars against the dollar until the end of the year 2020 and then review the economical situation…this is a suggestion.  It isn’t written in stone…they are talking about a rate possibly (again this is just a suggestion) by next July of 56 cents. [Post 1 of 3]

Pimpy – Dinar Guru   Why are people complaining about this?  You’ve invested very little into a currency and they’re willing to give you 50 cents for every one dinar? …this is a suggestion.  They’re saying this is a roadmap and they’re explaining why they want to do this...You will probably never get another type of return like that on any investment ever again.  People say, “Does that make you mad?” No.  I would be happy with that…I would still be very well-to-do.  Sure who doesn’t want more.  Who didn’t want the $3.22 rate. I would love that.  I would have been happy with the $1.13 rate or the $1.34 rate…Let me ask you guys a question…if you knew for sure you were gonna get back 56 cents for every Iraqi dinar and you knew you weren’t gonna get it until next July – Are you pissed off?  Are you mad?  Are you unhappy with that type of return on your money?  I mean seriously, are you?  Because people are complaining about it… [Post 2 of 3]

Pimpy – Dinar Guru   Having said that, I don’t want people going, “Pimpy said this is what it’s gonna be.”  No.  I’m not saying that.  This article is brought to my attention…don’t stress over this.  This is just a suggestion.  We’ve seen articles like this all over…there’s a part of me that thinks that might be fine that they start off there but don’t be surprised if it starts going up after that.  Maybe not right away.  Maybe they’ll keep you guys fooled for about a month.  4 months.  6 months. Just to see how many of you guys start bringing in all your dinars.  Then you start to see a movement on the IQD and it starts going up.  This is just a roadmap.  No I’m not saying that’s what’s it’s going to be.  What I’m saying is according to this article that’s about where they figure this out.  Lower the value and then remove the 3 zeros off the rate and then move it into somewhere around 56 cents for every 1 dinar… [Post 3 of 3]

MilitiaMan – Dinar Guru   Article: “Private sector and building the national economy”   Quote:  “The call to encourage the private sector is one of the first policies required to be adopted to contribute to building the national economy, because of the need for local capital and not to rely entirely on oil imports,”   They clearly are telling us they are going to a market economy… They have to enforce the need for the local economy to support the endeavor of changing the value of the IQD.  Nothing new, but, now that it will be fresh it is reinforcement of the plan…They need the investors to be on board and that comes with sound banking…imo!

Adam Montana – Dinar Guru   We are seeing the most positive HCL news that we have seen in… well, ever...  Go HCL. Go Iraq. GO RV!!!

Delta – Dinar Guru  2 DINAR PER $ …THE PLAN IS…STATEMENT FROM PARLIAMENT…MORE INFORMATION SHOULD BE COMING OUT… […are you saying the plan is for the Dinar to come out at .50 cents?  2 Dinars equals $1.00 USD.]  YES THEY ARE SAYING THAT PARLIAMENT ON TV...WE SHOULD GET MORE INFORMATION…

Mountain Goat – Dinar Guru   …we definitely know they know about…corruption but the only way out of is to lift the sanctions and reinstate their currency so they can legally use it for trade. When will they finally do this? They can only do it when the World Bank, IMF and the US Treasury says its okay to do it.   I think that past August they run out of alternatives for sure. Can they really afford to even do that long? …I had a recent talk with my CBI contact in Iraq and I am being told they fully plan to rollout the “project to delete the zeros” very soon, but not in July.  So we can expect to see articles on this subject matter within the next weeks. …In these articles, like in previous times, they will give us a time period that will give us a closer look at when to expect a revaluation as a result.

Dinar Investor – Jeff  Article:   “Al-Kadhimi:  We have a plan to reform the financial and administrative system to free itself from oil slavery”  Prior to June they were just coming out telling you they really needed to do things to improve their economy, attract and promote investment, that kind of thing…started in July they dialed in a little deeper on all that…They came out with the “white paper” – remember the white paper is the roadmap for the whole rate change and the whole economy structure.  It’s how they want their economy going forward but it also has everything in it for the rate change as well…it’s very important to watch and observe what they do and what they tell us right now…

Petra – Dinar Guru   Article:   “An economist warns against Iraq facing the fate and financial crisis of Lebanon”   Quote:   “the price of the dinar, if it falls, the value of salaries decreases very significantly, although the number remains the same.”  Here we are again with another commentary on decreasing value of the dinar.  That is off the table as a solution and the CBI knows it.  We all know that lowering the dinar value reduces the PP [Purchasing Power ?]  of all Iraqi’s and that is “not” the direction they are going as evidence in the actions being taken with the “White Paper!!”   …So, relax, the plan is afoot and great things are coming.  Posts like this to me are educating the citizenry why they will “not” devalue their currency as the plan is to provide even greater PP then they have ever seen!   To me, this is a friendly reminder of why they are focused on a better future!!!   All IMO…

Adam Montana – Dinar Guru  …The most important concept to understand today is this: The CBI makes money on every auction, and they will continue to do so forever. When the Dinar changes value, the CBI buys it at a lower rate, and then sells it at a higher rate. The CBI will ALWAYS choose the path that makes them the most money.  I agree that a lower rate than Kuwait will be a blow to the ego’s of the Iraqis. I agree that it should be on par with the USD, or even higher. I agree that the rate WILL get there… eventually.    [post 1 of 2]

Pimpy – Dinar Guru   I would love to see Dr. Shabibi come back.  It’s been a rumor.  He’s really, really, super old and I think people that were giving him a lot of hell are no longer really there – so it’s a possibility. I’m definitely curious about what if he does come back.  It’d be a huge positive step.  I think this man knows what the heck he’s doing and I would like to see him get back in control of the Iraqi bank…

Adam Montana – Dinar Guru   When the Iraqi Dinar is ReValued to a higher rate, it will become more desirable to do business in Iraq. Many people will be less hesitant to sign contracts and invest in Iraq. The current Iraqi Stock Exchange (ISX) should see some major movement… and the CBI (Central Bank of Iraq) is going to make tons of money on the exchanges!  I believe that Iraq can sustain a very stable currency at a rate of $3 or higher, but I don’t think they will immediately jump to that rate even if they ultimately desire it to be so... [post 2 of 2]

Pimpy – Dinar Guru    I want to make something perfectly clear because people are conflating something I’m saying.  When I say recognize the sovereignty, that’s a major step towards them getting the reinstatement or revaluing of their currency.  Their currency must be recognized internationally again and that won’t happen until they get their sovereignty again and the restriction on their currencies are removed.  Somebody’s telling me ‘There is no restrictions.’  Yeah there is.  There’s big restriction on the currency.  That’s what we’re anticipating.  An announcement by Trump that he will recognize and encourage the world to recognize the sovereignty.  It would be a huge step and then we want an announcement about the same time or shortly after that the restriction on Iraq’s dinar have been removed and we can start seeing it trade once again on the Forex.  That’s what we want to see…I’m expecting these next two weeks to be really big…

Dinar Investor – Jeff    …the last few months I’ve been putting a huge emphasis on saying Iraq has to have stability before the rate can change.  They’re telling you that.  If you look at the amount of articles coming out between Erbil which is Kurdistan and Baghdad there’s a lot…this is very serious…Iraq has to have stability, meaning they have to be able to work together before that rate can change, before they can go international…they just need a little more time.  They’re using the word “complete” which means ending or completion, towards a comprehensive agreement.  So they’re suggesting to us that they’re close to having an agreement reached…

Pimpy – Dinar Guru  …the articles that I’m seeing are showing me that there’s a lot of preparation getting done before Al-Kazemi’s visit over here into the United States…we see the World Bank is there…they’re most likely going to be the people that pull the trigger on a rate change…but we need to get the green light from…the United Nation once again recognizing the sovereignty of Iraqi people and the restrictions moved off their money.  We will be eyeballing that. But first we have to get their sovereignty reinstated.  That’s what we’re waiting for…

Adam Montana – Dinar Guru   Speculated rates and theories:

Based on Kuwaiti Dinar:  It’s been said that the rate must equal their neighboring Kuwaiti Dinar rate, which would put the Dinar at $3+. Many people speculate that the Iraqi’s are a prideful people, and it would be a slap in the face to have a revalued currency be less than Kuwaits.

Based on “dropping the 0′s”:   It’s mentioned many times in the news that the 0′s could be dropped, which would mean one of two things:

1. The 0′s are dropped from the bills, which essentially puts most investors at a break even return. Nothing gained, nothing lost.

2. The 0′s are dropped from the exchange rate, which is currently .00086 (Dinars are worth about 1170 IQD per 1USD, or an exchange of .00086).

This means your dinars are worth .86 USD per Dinar – in other words, a 10,000 IQD note is exchanged for $8,600 minus spread and bank fees.  [post 1 of 3]

Adam Montana – Dinar Guru Based on “equal to the USD”:   We see articles all the time that reference the US Dollar, stating that the CBI wants the IQD to be equal to the USD.  An easy assumption is to simply RV at 1:1, making a 10,000IQD note worth $10,000. Based on “they can’t RV low or investors will buy too much!”:   Some people state they will not cash in for anything less than $1. They state that Iraq would be foolish to RV at a low rate, because then big money will come in and buy up a ton of Dinar before it can go higher. (This theory is wrong, FYI.) [post 2 of 3]

Adam Montana – Dinar Guru   I agree with a few of the recent speculations.  But my opinion of the rate goes a little deeper… it includes a “business sense analysis” that everyone might consider.  Iraq is a business – and the business is natural reserves. Iraq holds a majority of the worlds natural gas and also black gold, also known as “oil”. When…the HCL has been settled, they will begin operating their business using the same principals any other successful company uses – the goals being profit, sustainability, and success!   [post 3 of 3]

Adam Montana – Dinar Guru   The rate – let’s address that, because it’s important…One of the most frustrating things about this adventure is the math…  The value WILL go up. The question is, and always has been… How much, and when?… Unfortunately, there is no way to know for sure. That’s why this is called “speculation” instead of “guaranteed”, just like “fishing” isn’t called “catching”. (We all know how many fish you catch if you never throw a line out!) …What we CAN do is make reasonable guesses. We can form informed opinions.  …I think the Iraqi Dinar should have a higher value, and I think we are simply waiting on the HCL…to be finalized… then it will be “GO” time!   …HCL is next.  The RV will be shortly after that, or it will happen simultaneously. Either way… we are closing in on the final day. … Go HCL, Go Iraq, GO RRRRRVVVVVV!!!

Adam Montana – Dinar Guru   There are so many things that I want to go over right now I barely know where to start!  …There are changes coming in the tax codes (for multiple countries), there are political situations that are extremely relevant and telling, and so much more is happening all at once right now!  …The “basics” are simple, and that’s all anyone really needs to be able to sit back and wait. Iraq previously held one of the highest valued currencies in the world, and one day they will again. Although their country was knocked into the stone ages through a series of events that are now somewhat ancient history, Iraq still holds a majority of the black gold available on this planet. While the world runs on this stuff, and it will continue to do so, Iraq continues to hold an immensely powerful position. They suffered some extreme setbacks, but they did not lose their oil. This is a no-brainer to me – the value of Iraq’s currency will rise again. [post 1 of 2]

Adam Montana – Dinar Guru   …The main holdup has been political. When Saddam was removed, the entire government basically collapsed, and the world lost faith in Iraq’s ability to do… anything…The current situation is entirely different than the situation that dropped the value of the Dinar.  In fact, the current situation is entirely different than that of Iraq even 5 years ago!  We currently have a Prime Minister in place who is finally doing all the right things. I have affectionately named him “Kazzamie” because the progress he’s made seems like a magic trick at times! …The next crucial step to this journey, and this is a fundamental part of it, is the HCL.  “HCL”, or “Hydro Carbon Law”, is the agreement necessary to furthering Iraq’s regaining of wealth. Without the HCL in place, there is no financial agreement within Iraq, and it is more beneficial to the politicians to keep the rate low. Once the HCL is in place, it will be more beneficial to have a higher rate… and we are seeing a LOT of promising news on HCL right now… [post 2 of 2]

Kaperoni – Dinar Guru   … securing the ports reduces corruption and gets rid of the Iranian influence currently using the border to smuggle dollars to Iran. Has nothing to do with an RV.

Adam Montana – Dinar Guru   Shabs is a smart guy. He’s said many times that the IQD could increase, but a $16 price tag is just silly. I’m still (mostly) on the ten cent train. I can see a flat dollar. I’ll agree that even the RI rate of $3.26 is possible. But $16… I just can’t see Shabs saying that.

Breitling – Dinar Guru   …We’re in a very very good spot...Our window just got bigger.  The value of the dinar – they need to take care of the budget – just got bigger.  They just told us that it will be within 3 months that they’re going to completely redo this thing and have a plan to implement all this.  We’ve learned a lot in the last month.  Probably more than the entire time we’ve been watching.  They’re putting the value on the table.  They are telling you they need $66 per barrel and they’re telling you the oil prices are never going to get there for the next few years.  They are telling you …they are going to put this stuff together and implement it within 3 months…they need to be able to afford to be in international markets, protect their reserves and have value added to their currency.  That’s the only way...

Pimpy – Dinar Guru  …I’m concerned about what’s going on around the world a little bit…there’s definitely something going on.  I know the Iraqi dinar is part of it.  I haven’t figured it out yet but there’s definitely something weird going on.  There’s a lot of stress testing going on, in banks around the world.  Stress testing is whenever they try to do a slight shock to the stock exchange or something that would cause a semi panic of people running to the bank and they want to make sure that the bank’s first of all are liquid enough so that if there was a mad rush to the bank that they would have enough money to give the people…we’re definitely in a unique position right now.  How all this ties together I’m not quite sure but it definitely looks like there’s something big going on and Iraqi dinar believe it or not is a big part of it.

Breitling – Dinar Guru  If the value of their currency is too high regionally…no body is going to want to do business with Iraq because the value of labor is too high.  This is how Iraq is going to look at it.  They are going to look at that.  And they are also going to compare it with them doing business outside of Iraq and they might be able to pull it off.  That’s how they’re looking at it.  That’s why they haven’t made the decision yet.  That’s why they’re taking their time.  You guys are in panic mode because you’re waiting for your big payday.  You don’t realize how important of a decision this is for Iraq…  [Post 1 of 2]

Breitling – Dinar Guru   …They’ve got to be able to balance…how do they be competitive in the region and also take advantage of the International markets?  Because if they go too high – regionally they’re going to get cut off.  If they go too low they’re not going to be able to pay for the local budget. [Post 2 of 2]

Mountain Goat – Dinar Guru   …I know for a FACT that it is not the CBI so much that is holding back the currency reform portion of the reforms but the “powers to be” (PTB) who may feel Iraq is not yet ready and the Iranian influence and corruption is still not under the desired control. Iraq still also needs to make good on its promises to diversify and get off of oil as it’s sole source of revenue. There have been mandates handed down to Iraq to implement before they can or will get back their currency…

MilitiaMan – Dinar Guru   Article:  “Specialists warn of the repercussions of the devaluation of the dinar”   They are beating this into peoples heads… They are not going to devalue the currency… End of story. They are going to go to a market economy. That requires Article 8 compliance…imo. Article 8 compliance is to raise the value of the IQD. imo.