Dinar Observer Daily

Delta – Dinar Guru   …great information from the Financial Minister.  In his tweet he’s talking about they’re tying to get Iraq back to the financial status internationally.  Guess what happened?  He just have [gave] an executive order and he ordered the Central Bank of Iraq with other financial entities in Iraq to implement and launch that ASAP so Iraq can regain their financial status internationally…the glory days...they have to activate whatever they needed to implement from the Prime Minister and the Office of Financial Ministry…this is just amazing.  This is just unbelievable…

MilitiaMan – Dinar Guru  What it looks like is there was a notice given on the 19th. Then, moving along from that, banks are closed and a holiday ensues for five days to mark Eid Al-Fitr a time of giving. The mask of Covd-19 is in play.. Nothing like a plan-demic to hide what is in plain site. Very well orchestrated on many fronts. The one front that will usher our win, is what we await on now. imo. No turning back once one jumps from the deck! That is where they are, in the air imo…lol.

Kaperoni – Dinar Guru  …Before Iraq in the CBI can transition to Article VIII they must submit a request to the IMF for approval considering they are not in compliance currently…Unlikely would it be approved...the IMF has a status for each country…they are in Article XIV…

MilitiaMan – Dinar Guru  Article:  “The Kurdistan government approves the Baghdad proposal to settle the financial situation”  We see the Kurds are in agreement with the new PM on the implementation of the FMLA of 2019..this is music to my ears. They agreed on the REER (Real Effective Exchange Rate) for the future budgets and will be in preparation for their fundamental implementation…No wonder Saudi Arabia is off and running… Word travels fast. This looks like a notification that was dated May 19th.. 1) DONE 2) DONE and 3) DONE...imo.

Pimpy – Dinar Guru  When Al-Kazemi got into office I was hoping he’d be whipping butt.  But I had no clue that this guy was going to accomplish what he’s accomplishing and he’s done it all in such a short period of time…   

MilitiaMan – Dinar Guru  Article: “Under royal directives, the Saudi ambassador returns to work in Baghdad”  Quote:  “Prime Minister Mustafa Al-Kadhemi and Minister of Finance Ali Abdel Amir Allawi, affirming the Kingdom’s concern for the unity of the Iraqi people, and the importance of cooperation with the new Iraqi government to achieve mutual interests and enhance ties Bilateral relationship between the two brotherly countries…”  Looks like more of the PM hitting the ground and running!! This is also huge and supportive Iraq has agreed to be compliant and international..imo.

MilitiaMan – Dinar Guru  We know the CBI printed 4 trillion dinar in April. They didn’t print large notes. They printed smaller increments of money. imo. We know they showed us they were destroying large amounts of perfectly good large notes. The new money is to replace the large with smalls…The education process for the new currency will come once the REER  (Real Effective Exchange Rate)  is exposed…They could show the new money and educate for re opening of the ISX well before they open…So, lets see what they do next. But, it sure looks like we are in a good place.. imo.  [post 2 of 2]

MilitiaMan – Dinar Guru   Article:  “Finance Minister: Agreement to activate the electrical connection between Iraq and Saudi Arabia”  …The move that supports they are Article 8 compliant in business..imo    They cut off Iran and Iraq’s electricity dealings yesterday…The energy is now coming from Saudi Arabia. That means to me they are international in regard to doing business. The implications of that are huge…We know the plan is to become a social market economy for Iraq. That requires internationalism. Doing so requires Iraq to be article 8 compliant…From the looks of the recent agreement with Saudi Arabia, they are showing that they are now compliant, ioo. The meetings with the Finance Minister, aka Deputiy Prime Minister, has me thinking they are or may have brought or now are bringing the REER (Real Effective Exchange Rate) to the neighboring countries…imo Times are seriously getting real, imo!  [post 1 of 2]

Pimpy – Dinar Guru  …when I say Iraq or Vietnam are a long term investment you’re misunderstanding what I’m saying so I want to clarify this.  I’m not talking about their currencies.  I think the currencies are gonna change really quick here.  Especially the Iraqi dinar.  As a matter of fact I can make a bold suggestion and that is, our time is this year 2020.   There’s no doubt that the Iraqi dinar rate will change in 2020.  I feel very confident about that…and then I say, ‘oh these two countries you should consider longer term.’  People are like oh my God pimpy is saying it’s going to be 5, 10, 15 years down the road for their currencies.  No. I’m not talking about the currencies…I’m considering Iraq and Vietnam as “long term” outside of their currencies.  As long term investment opportunities.  There’s just so much growth potential there…

MilitiaMan – Dinar Guru   I think everyone by now should know that with all we have studied to date, we knew that this was to come at the end…The REER should follow in very short order. (Real Effective Exchange Rate) One more thing. We know they have been on film showing the destruction of large notes and in mass quantities!!  That fact also supports the large amount of money spent printing currency and or minting coins, is the new issuance being reflected on the CBI site. WE watch for the REER.. Lets see what the days bring us… imo.  [What Is the Real Effective Exchange Rate – REER?  Investopedia: “The real effective exchange rate (REER) is the weighted average of a country’s currency in relation to an index or basket of other major currencies. The weights are determined by comparing the relative trade balance of a country’s currency against each country within the index.  This exchange rate is used to determine an individual country’s currency value relative to the other major currencies in the index.”]

Frank26 – Dinar Guru  …ARTICLE FROM THE PARLIAMENT HAS BEEN RELEASED TO AVOID ALL CONFUSION ESPECIALLY FOR THE CITIZENS.   Article:  “A proposal on the government table to face the parliamentary economic and financial crisis warns!”   Quotes:  “raising the dollar exchange rate to face the financial crisis and preserve the hard currency is one of the proposals and monetary measures that the state may take to avoid the liquidity crisis.“;   “the flotation does not constitute an increase in the value of the Iraqi dinar, but rather we will see an increase in the exchange rates of the dollar due to the lack of its acquisition in the global market, especially with the decline in global oil prices.“;   “the flotation is taken in light of the stable financial conditions of the state, as well as the diversification of the economy and its dependence on resources other than oil.”  THIS ARTICLE IS…CLEARLY STATING THAT THE IQD HAS TO GO UP IN VALUE THROUGH THEIR EXCHANGE RATE...NOTICE WHAT THEY SAY ABOUT THE FLOAT…

Mountain Goat – Dinar Guru   Article:  “EMERGENCY CELL TO BE FORMED TO REVIEW FINANCIAL REFORM TO MANAGE THE CURRENT FINANCIAL SITUATION AND FIND THE REMEDIES AND SOLUTIONS TO OVERCOME THE COUNTRY’S COMPLEX ECONOMIC CRISIS”  …there were 9 pillars of reform listed. One of which was and I quote – “Fourth, securing the amounts allocated to the reform decisions committed by the outgoing government to implement the demands of the demonstrators.” We know one of these demands is to eliminate the currency auctions. Back in 2019 the CBI said they are working on it and will get it done. They said this to satisfy this demand. This is still underway. At this time the CBI said they only needed a newly formed, stable government and the protesting to stop in order to complete it.

Pimpy – Dinar Guru  …I told you al-Kazemi is no joke.  This guy is already going for the rest of his ministry.  The rest of his cabinet to be voted on before…the big holiday which is coming up here real soon.  There is a lot of energy in the dinar community in hopes that the rate will change right on or before this holiday.  I would be really grateful for that…I’m liking this guy a whole lot.  Unlike the other people who drug their feet, man this guy’s like look this is it.  We’re doing this, we’re moving forward…looks like our boy Al-Kazemi is gonna get the rest of his cabinet members in there sometime this week or next week…

Mountain Goat – Dinar Guru   Article:  “GOVERNMENT OF PRIME MINISTER MUSTAFA AL-KAZEMI WILL GO TO PRINT A NEW LOCAL CURRENCY IN ORDER TO PAY THE SALARIES OF EMPLOYEES”   This printing of money is not good for us investors. It shows us they are not serious about completing the project to delete the zeros any time soon. First in order to do the project they will have to recollect all these larger notes all over again to bring the money supply back to levels acceptable to complete the project. We could be waiting a longer than expected timeframe for the reinstatement than we hoped. Let us pray they do  not do this printing of more currency.

MilitiaMan – Dinar Guru  …today…nothing but URGENCY and ACCELERATION, in respect to reforms… The report from the IBBC [International Bank of Business and Credit] is all about urgency and change! That includes monetary reforms at the Borders, etc... It includes the citizens demands as noted about too… They mean business and so does the report. …The pressure is on!! It may take 30 days for some things, but, imo they have no liquidity… Hence, the argument is sooner than later imo!

Angel1 – Dinar Guru …an ambassador in Iraq in the green zone tells us this past week that the lower denoms are in the banks.  We’ve known that.  But they said something brand new that we didn’t know…they are ready to disperse the lower denoms...here’s what’s interesting to me.  I don’t believe those that were printed in March are inside of the vaults right now.  I believe whatever is in the vaults now per our intel, per our source, is going to be distributed, is going to be released and guess what’s going to come up the rear back to the vaults?  What they have been printing…what I’m excited about is the only reason they’re going to print more because there’s about to be a distribution of what you already have…that’s what I’m excited about…I wasn’t just excited about them printing lower denoms.  Heck we’ve already known that.  But why are they printing more?  Because there is now need for more…they are pushing this bad boy out in phases! …it’s right in front of us…it’s time for distribution…

Pimpy – Dinar Guru  …I’m really really starting to like this Prime Minister al-Kazemi…The more I read about him the more I really like this guy…he is cracking down on corruption over there in Iraq…al-Kazemi is no joke whatsoever.  This guy is draining the Iraqi swamp…

MilitiaMan – Dinar Guru   …My take is they are at critical mass. The new PM has a very big job ahead of him, as noted by the IBBC [International Bank of Business and Credit]…letter he recieved. Can he get the atmosphere to be in full Article 8 compliance by raising the IQD to a new international rate  with the CBI, that is in sync with the 2019 Amended /2020 Budgets? We apparently will be seeing soon enough.. imo…

Kaperoni – Dinar Guru   [Dinar can not float unless it is on Forex or RV is implemented, right?]  No. They can float at anytime.  It is just another type of exchange rate regime.  Currently, they are pegged to the dollar.

Pimpy – Dinar Guru  …a lot of you finally calmed down over those articles about Iraq wanting to devalue their currency…I told you don’t worry about what the articles say, these are economists making suggestions.  We’ll see what they do.  What they do is different than what they say.  Just don’t pay attention to what they say (pay attention a little bit) but pay attention more to what they do.  With the price of oil going up this makes it less likely that they’ll need to devalue the dollars.  So stability, oil prices going up, the completion of the ministerial cabinet – it’s looking really really good.

Delta – Dinar Guru   …It’s a very high possibility that we might really see something from the Central Bank of Iraq this week…all the media is reporting right now in Iraq, they have so many newspapers, so many live TV, so many people just talking about the subject – printing money, exchange rate.  This is the first time…they’re talking about an exchange rate…before we used to dream about them talking about this…we don’t know the rate.  We don’t know the date.  But this is coming from Iraq all over the news.  They’re talking about exchange rate.  They’re talking about printing money…everybody is happy internationally.  Everybody is supporting the new Prime Minister…the World Bank…the first time they are basically supporting the financial reforms, the economic reforms – anything that has to do with money…they’re backing up this new Prime Minister 100%.  This is just unbelievable news…any nanosecond we could see the rate changing…

Pimpy – Dinar Guru   …There’s an article that stated that they were thinking about devaluing the Iraqi dinar so instead of getting 1190 dinar for every dollar you’ll get somewhere between 1200 to 1400 dinar for every dollar.  That’s going in the opposite direction of where we wanted to go…this is just economists.  That’s all they are.  These are economists making recommendations … it doesn’t make any sense to me. I’m not an economist don’t get me wrong but at the same token it doesn’t make sense to me…if there’s truly a shortage of Iraqi dinars in Iraq wouldn’t it make sense then to increase the value of the dinars?  This would get people who are holding dinar to turn their dinar over then these would come back into Iraq…increasing the rate makes more sense… [Post 1 of 2]

Pimpy – Dinar Guru   I had a feeling…that there would be a lot of discouraging news about the dinar that would come out first before the actual action of the dinar and this seems to be part of that news.  And don’t be surprised if we don’t get more.  I really think there’s a bigger picture coming…we don’t care about what they say, we care about what they do...People are saying, well how do you feel?  You panicking?  No, I’m not.  Even if the rate did decrease for whatever reason…to me that’s nothing…I preach this all the time, buy on the dip…if they lower that just means I get more dinar for my dollar…  [Post 2 of 2]

MilitiaMan – Dinar Guru   Article:  “…Al-Kazemi intends to replace most of the heads of the 25 independent bodies”   … I am seriously liking this new PM more and more and apparently the citizens do too! Open the files and let’s see who is who and what changes were made or are to come…I would like to see the Governor of the Central Bank make an announcement this weekend! imo!

Dinar Investor – Jeff   what Kuwait and China syndrome means is that shortly before both Kuwait and China came out changing their rates…they publicly released information saying they have no intentions of changing our rate.  A few days later they actually changed the rate…Yesterday they [Iraq] put out an article saying yeah we’re actually going to reduce our exchange rate and print and release new currency while reducing the exchange rate.  That has BS written all over it…they’re trying to mislead you…last year they said they want to release coins and increase our exchange rate.  They are doing what they can to confuse and mislead you…

Mike Cottrell – Dinar Guru   people ask me when is the RV going to happen …I do not know …There is no way this reset is not going to happen…watch the G-20…when the G-20 make a decree that China and the communist party owes us for all the death and trauma caused in the world and to all countries. I think that is when we will see the rollover/reset happen. If not before…

Mountain Goat – Dinar Guru   …I am hearing some wonderful news now from parliamentary finance committee almost demanding the project to delete the zeros and the full implementation of Article 8 under the IMF monetary policy for member nations. Again they are questioning what is taking the CBI so long to get this done and they want it now…So here is my new reinstatement window:  When we begin to see more and more of the protestor demands being met by the new prime minister Al-Kazemi. Also the CBI will be giving a statement shortly on the update of the project to delete the zeros. I am told by my CBI contact they are about to do this soon. So let’s wait and see what the official CBI statement is. We already know the Finance committee is demanding the completion of the project and the end of the currency auctions. They want is done NOW!

MilitiaMan – Dinar Guru   Article:  “The Central Bank of Iraq signs a banking arrangement document with the World Bank”   Quote:   “It is noteworthy that this program was developed by the World Bank in 2000, with the aim of building capacities and providing consulting and asset management services. Trillion dollars in sovereign assets.”   With this agreement will come the secondary markets imo.. Get ready world, IRAQ is about to show her wealth to the world... One that will be noticed be sure!!   She’ll be adding to that Trillion…To say the least.. imo.

Dinar Investor – Jeff  …they just have an explosion of economic articles.  They really didn’t talk about the economy this year at all until recently.  Until after last week.  That would tell you guys that there was a delay and it was the formation of the government.  They had to get the government done and formed…they have resumed back to where they were from last year.  Having an explosion of economic articles that pretty much tells us they’re done and ready to go.  They’re ready to move forward on this rate change…they can’t go any further now till the rate changes.

Dinar Investor – Jeff  …there’s a new pattern here that started since they finished the formation of the government.  Pence went straight into saying hey now it’s time for Iraq to get their reforms launched and implemented …they put their economics on hold for the formation of the government…now they’re going back and talking about it and they’re even getting back into the budget...they had to finish the government first and that there indeed was a delay…