Dinar Observer Daily

Deepwoodz – Dinar Guru   Kadhimi has been silent but he usually is concerning parliament…I do agree there is a work around/smoke and mirrors in play. I suggest that the EFSLaw is the work around to the new exchange rate…the budget law and EFS law are synonymous. I believe this means the rate is in both. Whichever comes first should reveal it.

Godlover – Dinar Guru  This EFSL [Emergency Food & Security Law]  is not a good thing, IMHO. I know many are expecting the EFSL to have a new rate, however, I cannot see any logic in that thinking unless the 2022 budget is passed with it, which I highly doubt. As well, the EFSL is synonymous (similar) to the 2022 budget because it has a mini budget with it…I want & need this blessing just as much as anyone else, but…if it walks like a duck, quacks like a duck, then certainly it must be a duck.

Samson – Dinar Guru  Article:  “Al-Rasheed Bank of Iraq outside international sanctions after 30 years”  Quote:  “Al-Rasheed Bank announced, on Sunday, May 29, 2022, the removal of its name from the list of international sanctions of the Charter of the United Nations…deleting the name of the bank from the list of international sanctions of the United Nations Charter is an advanced step…the decision will allow the bank to open its branches outside the country, Especially in important countries that are centers of international banking and related financial transactions…”

Mountain Goat – Dinar Guru  Article:  “A WISE ADMINISTRATION RAISED THE PRICE OF THE DOLLAR.. A BOLD TALK BY THE MINISTER OF FINANCE ABOUT A SURPRISE FOR THE IRAQI ECONOMY, WHICH BODES WELL”  Quote:  “…confirmed the increase in cash reserves with the Central Bank to 90 billion dollars by the end of this year,…”  Iraq says they have the security and certainly they have the financial stability. They repeatedly said they needed this for the project to delete the zeros and so where is it? Do you get my point?

Pimpy – Dinar Guru  There are some things I notice about Iraq that just drives me insane.  They’re so on the verge of just being where we want them to be so we can make something off this investment – it’s just so close, but then every time it’s like, ‘Oh, you almost had it…‘ So close, so close, but not quite there yet…

Militiaman – Dinar Guru  Article:  “Saving a Homeland: The government will be formed within the next two months”  I am not seeing them use two months to resolve the issue of the Government impasse. There is another meeting with the UN post two scathing reports on the lack of movement politically. Not only have they the pressure from the UN, the IMF, the UST, the World Bank, even the CBI supports they are moving faster than months out...imo.

Nader – Dinar Guru  Comment:  “Iraq will never reinstate their money.  Their money will never go up.”  You might be right but I strongly disagree with you because if you look all around us like Kuwait, United Emirates, if you look all around us the least the dollar..the Saudis…you can buy for I think 58 cents for a dollar…I think there is a big chance of reinstating.  A big chance…

Mountain Goat – Dinar Guru  Next Steps: So let them iron out the details of the next government as I am hearing that it is just about completed. I suspect we may hear more details on it this weekend or early next week. Once the president is voted on it will not be long before the government is completed. I have been saying all along the Al-Kazemi will stay as the prime minister… Let’s just sit back and watch it all play out.

Godlover – Dinar Guru  Article: “Parliamentary agreement to complete the draft food security law”  The FSL is a “filler” with a mini budget per articles, for them to get by until the general budget is approved & opened. This of course needs a new government or for the current government to be granted full authority. The FSL is not a substitute for the general budget, assuming they ever pass the general budget, then it would be a substitute by default. Certainly the FSL will not have what we all seek.

Nader – Dinar Guru   The reinstatement will not go more than 1 to 1 to start then it floats.  That’s how it’s gonna happen…I don’t think it’s gonna be in the $6…no country will be in the $6 range against the dollar…

Deepwoodz – Dinar Guru  Let’s not forget that Kadhimi and his government had the budget ready long before now. Even before they supposedly became a caretaker. They could easily have put the budget forward at the end of last year if they had wanted to.   Whatever they were waiting on then, is probably the same thing they are waiting on now.  The articles are like riding a roller coaster but the truth is much less chaotic. We just aren’t privy to the schedule they have set. Nor are we privy to the date or the rate…Yet!

Samson – Dinar Guru  Article:  “The arrival of dollar reserves to 90 billion, ringing the bells of the exchange rate”  Quote:  “Calls are rising among the popular and political circles, to reduce the exchange rate of the dollar against the dinar, after the foreign currency reserves in Iraq witnessed a jump during 2022…the step of raising the value of the Iraqi dinar, if achieved, will make the dinar a competitive currency that helps lower the prices of commodities and foodstuffs in the markets. According to the experts…”

Godlover – Dinar Guru  Question:  “IMO, everything is in place they just have to do it…what do you believe still has to happen in order for them to be ready?”  What NEEDS to happen is a seated government IMO. Even if a government is “prepared” already (hiding), then it needs to be made official. A government that no one can see, is no government at all.   [Post 1 of 2]

Godlover – Dinar Guru   Furthermore, if a government was in place already, it would benefit them to make it official. There is no benefit to hide them. There would be no reason for them to not announce their new government, if it was already formed.  So much cannot happen with the current government in place per articles. As stated in previous articles, the current government may get a vote to grant them full authority…we will see. But until one of these scenarios happens, they are in limbo. [Post 2 of 2]

Firefly – Dinar Guru   [Iraq boots-on-the-ground TV report]

FIREFLY:  CBI governor talking about the exchange rate…in interview on news.

FRANK26:  This is where it starts to get real…it’s getting close, be prepared. 

FIREFLY: Yes.

Samson – Dinar Guru  Article:  “The Central Bank of Iraq announces that foreign reserves have risen to $74 billion“  Quote:  “noting that the financial situation in Iraq was “very excellent” compared to the countries of the region and neighboring countries…“

Nader – Dinar Guru  We’re waiting for them to vote for the food security…I don’t think the Food Security has something to do with the rate.  It’s nothing.  They’re putting 25 trillion dollars [dinars] to secure the food.  That it.

Militiaman – Dinar Guru  …  I hope they do pass the EFL. The citizens deserve their constitutional rights.  Those that support the coordination frame work would like very much they don’t [pass the law] …  Those that are for the citizens do want the EFL, as it is like the 2022 budget, they are synonymous. In other words they are new exchange rate oriented. imo..

Pimpy – Dinar Guru   Article:  “The Iraqi currency reserves are expected to exceed $90 billion by the end of the year”  They are quickly getting up there as far as their reserves are concerned…the more they have in reserves the more they have to support the economy as well as the Iraqi dinar which is what you want…we were all happy when they reached 70 billion now they’re projected to be at 90 by the end of the year.  This is awesome.  This is great news.

Mountain Goat – Dinar Guru   We are now in an unprecedented period of excitement for the IQD reinstatement to happen. I am hearing nothing but good information from all the sources including the Central Bank of Iraq, the IMF and the U.S. Treasury. The initial rate on the new Quantum Financial System (QFS) is way up there to $6+. However…I can not clearly see that it would or even could come out  that high. It will probably come out at about $4+.   But please remember that the project to delete the zeros must happen just before or just after the reinstatement.

Militiaman – Dinar Guru  We were told there would be meetings…and apparently they have happened. The timing is all coming together and may even have been done to a degree that suggests we could see more out of the CBI sooner than thought…this meeting [Last week] with the President, Prime Minister and Council of Ministers, suggests that they have security, stability, coordination, continuity and entitlements for the citizens in mind. That would require a rate which would likely be in the 2022 budget plan…having this meeting it is very promising for us and even in the very very short term.

Clare – Dinar Guru  Article:  “The new Iranian ambassador to Iraq begins his duties in Baghdad”.    HMMM… A NEW IRANIAN AMBASSADOR! MAYBE THAT WAS KAZEMI’S DOING!

Militiaman – Dinar Guru  Member comment “It looks of it they have an agreement on the food law too Article quote “  Quote ‘Except by changing the tools to be able to interact with the new stage.’  ..Changing the tools.. As in changing the exchange rate to fit with the new stage they are heading into.. Timing is awesome.. IMO.

Pimpy – Dinar Guru   It looks like we might be done with this blockage…  Article “Mishaan Al-Jubouri:  The independents will present Al-Kazemi as a candidate for prime minister, and we believe he will pass”  …Good news IMO...we learned Saleh is most likely going to be the presidential candidate and Al-Kazemi will be the prime minister.  The same two people will continue to move forward for a full term – 4 years… [Post 1 of 2]

Pimpy – Dinar Guru  Those two managed to work together to get a lot accomplished…If Iraq can manage to get the President Saleh and the Prime Minister Al-Kazemi back as president and prime minister and they form the new government...if that’s the case I believe it won’t take very long until we see the Iraqi dinar exchange rate change again.  It’s going to go up in increments but it’s going to do it fairly quick IMO… Iraq is in a really great place.  It really is... [Post 2 of 2]

Kaperoni – Dinar Guru   I have always hoped that Iraq’s monetary policy would change according to Iraq’s economic development. That they pass the laws necessary to encourage foreign investment, build a thriving private sector, and improve GDP.  We have seen numerous articles over the last several months from the World Bank implying Iraq’s economy could be the fastest growing in the Middle East. The bottom line is it’s up to Iraq to accomplish what is expected of them.

Militiaman – Dinar Guru  Article:  “Barzani intends to launch an initiative to address the political blockage“  Looks like there is more support for interesting times over the next couple days…

RVAlready – Dinar Guru   …if Sadr cannot get enough independents to elect the president of the republic, he will have parliament dissolved. Either way, there will be a government and an RV by the CBI. This is a win situation for Sadr and a lose situation for Maliki.

Sandy Ingram – Dinar Guru  Question:  “If…Iraq opens up trading their currency why not fly there to Iraq and exchange with a group…?”  …This …is premature, however we can fly…out of JFK or Miami but no group account.  Everyone would need to handle their own finances…A “real” revalue of the currency would allow us to exchange the currency within the United States.  We would only need to travel if they printed new currency BEFORE a revalue.

Militiaman – Dinar Guru The process of seating the government and gearing for the 2022 budget is slated for from now through this next week…with what we have witnessed over the past couple years, months and even days, we have never been closer based off hindsight …imo…BTW…April 2nd, 2022 was the first Day of Ramadan. This is  about the time frame Sadr gave [40 days to form government] that gets it to the 10th of May per the Islamic Calendar. Sadr has summoned the FM and CBI Governor 05/12/2022.. I can imagine the CBI having a move soon.