Dinar Observer Daily

BGG – Newshound Guru… So why, exactly, do things not look good for us?

1) Never in the history of this investment has there been as much open conversation about their currency value and monetary policy as there has been for the last six months (or year).

2) Iraq has a caretaker government in place – there is no crisis.

3) Their recent elections show a distinct bias towards removing corruption – they want reforms, BIG TIME.

4) Maliki is as close as he as ever been to having his crooked influence jerked up by the roots and removed – entirely.

5) If anyone doubts Sadr’s resolve and true intentions regarding “reforms” – He’s had nearly a decade on the sidelines to “stew on it” (where Maliki’s crooked dealings put him in the first place).

BGG ~ If true reforms are what we are after – why is any of this bad for this investment?

Clare – Dinar Guru  Article:  “A legal expert reveals a surprise: The caretaker government can send the budget to Parliament“  WELL LOOK AT THAT!!!… HOW NICE…. SO IT IS A POSSIBILITY!  THIS SHUTS DOWN THE IDEA THAT IT WAS NOT POSSIBLE BECAUSE LEGALLY IT IS…AND THEY ARE WORKING HARD, THE CABINET VOTED A BUNCH OF THINGS YESTERDAY …A NEW LAW (the food law) AND  Ports announce the activation of the customs and tax link program…

Bob Locke – Dinar Guru   [People are excited because you said you believe things are now “imminent”]  It had been so quiet and now suddenly I have had multiple calls and a lot of stuff going on….  A lot I cannot talk about but definitely things are happening. This is going to be an interesting week IMO…Everything is extremely positive right now.

Mountain Goat – Dinar Guru   The currency windows are now counterproductive to Iraq and is the problem not the solution. We all need to realize this and the Central Bank of Iraq does already realize this too. So, this gives us assurances that we are close and this reinstatement, our real goal, is close at hand.

Kaperoni – Dinar Guru   The concept or idea of a significant RV of the Iraqi dinar goes against every principle of monetary policy. There is no chance the central bank would ever significantly RV the Iraqi dinar. Central banks in general make money off the buy/sell of their currency. If the dinar was ever going to go up in value the central bank would do it gradually so they could make commissions off the buy and sell as it appreciates.

Pimpy – Dinar Guru   Article: “The deadline for choosing the President of the Republic and expectations or the intervention of the Federal Court”  Today was a deadline and there’s no president.  They can’t get a quorum going.  I was wondering what the courts are going to be able to do – It looks like we’re going to find our here pretty soon.  But yeah you have to have a stable government, stable economy…outside investors, foreign investors who are interested to go into your country to invest in it.  All these things are taken in consideration [for a new exchange rate].  We’re getting there but not as quickly as a lot of us would like…

Mountain Goat – Dinar Guru   Article:  “AL-KAZEMI AFFIRMED THAT IRAQ WILL RETURN TO ITS RIGHTFUL PLACE AND ITS COVENANT KNOWN FOR ITS STRENGTH AND HUMAN AND GLOBAL PRESENCE”  We appreciate when these politicians talk about “global” presence or anything international. It shows they are thinking on the right track. Remember just 5 years ago this was not the case.

Sandy Ingram – Dinar Guru  Learning how to improve your financial portfolio is a wise way to spend our time.  For instance, what if the IQD floated to .25 cents next week or next month? If you had 1 million Iraqi dinar to exchange – What would do with $250,000 to build your wealth?  There are hundreds of different answers to his question…research is always up to you…

Mountain Goat – Dinar Guru  …I must tell you what the CBI and the US Treasury are telling me. They are waiting for the govt to be formed, hoping that the Iranian influence will be under control and have the least impact on Iraqi politics. Also that the Sadr anti-corruption policies work.

Pimpy – Dinar Guru  Can actions of Russia help increase the exchange rate of the Iraqi dinar?  Oh yeah it could!  It absolutely could bring the rate back to where it was in the past…What did Russia do that could help Iraq increase the value of the Iraqi dinar?  They moved into the gold standard…through the sale of their oil…  Article:  “Russia sets fixed gold price as it restarts official bullion purchases”  What does this mean?    [post 1 of 3]

Pimpy – Dinar Guru  …You cannot buy Russian oil unless you use the Russian ruble.  Right now around the world they use…the Petrodollar.  In other words the United States dollar.  Russia and China had already agreed to start doing trade in their own currencies.  Saudi Arabia is agreeing to sell oil to China and Russia in their currencies and getting away from the greenbacks…these people are…moving us back into the gold standard…that’s going to strengthen the currency which is going to be strengthened by its gold and the gold is going to come from the sale of oil.  So what does that have to do with the Iraqi dinar?  [post 2 of 3]

Pimpy – Dinar Guru  …What Iraq and OPEC should do is the same thing…We already saw the Russian ruble was devalued right when they got put under sanctions but in less than a month it has already regained all of the value it had lost.  What do you think is going to happen to the currency now that’s it’s moved into the gold standard?  It’s only going to get stronger…if you force people to buy the oil using…the Iraqi dinar then it’s going to increase the purchasing power of the Iraqi dinar.  It’s going to make it a stronger currency because more gold is coming in, more people are forced to use the currency – think supply and demand.  Demand for the Iraqi dinar would increase big time…they should follow in the footsteps of what Russia is doing.  [Post 3 of 3]

RVAlready – Dinar Guru  I hope the court makes a ruling specifying the president, the PM, all the cabinet members, and the RV rate. I think these people have violated the constitution, and the federal court will now deliver the smack down. Anything else will just lead to more of what we have seen for the last several months.

BGG ~ None of the above happened… none of it.

Pimpy – Dinar Guru   This is good news.  Article:   “For adventurous tourists who are unafraid of the occasional military roadblock, the hot new destinations is Iraq” …I’ve seen many videos on YouTube that people are over there and they are sightseeing and there’s not been a lot of problems so that’s a good thing.  Tourism is a big money maker for Iraq.  Between oil prices going up and tourism increasing things are looking good for Iraq…this article goes on to say that tourism has increased over there in Iraq and more and more people are starting to go and visit.  This is a good thing for Iraq…

Sandy Ingram – Dinar Guru  ABC News Article: “Iraqi cleric steps back, asks rivals to try form government”  This information came out on Friday and is all over the internet.  For a third time, parliament was not able to form a government.  The Iran-backed politicians did not show up to vote for a new Iraqi president who would then facilitate the nomination and vote for the new prime minister.  This is what’s happening now:    [post 1 of 2]

Sandy Ingram – Dinar Guru   The clergy who won many of the parliament seats says he will back down for 40 days in order to give parliament time to build an Iraqi government…this news story comes to us from ABC News.   The theory behind the political boycotts is the Iran-backed politicians do not approve of the Kurdistan’s candidates for president and the prime minister…   [post 2 of 2]

Pimpy – Dinar Guru     Article: “The Sadrist movement enters a state of media silence throughout the month of Ramadan“  We probably won’t hear anything from Sadr during this time.  That’s probably why he gave them [Maliki and his Framework political block] 40 days to do something about it.  We’re obviously still stuck on figuring out how this government can be formed and who’s going to be responsible for forming it…

Petra – Dinar Guru  The world is going thru change…a bigger picture that will require Iraq to reinstate their currency…Putin is…demanding all transactions now to be in Rubles. Putin has also asset backed his currency with Gold. So what is happening? The Fiat system, as we know it today, is being threatened to drive the other currencies in the world to follow suit…Russia has a…strategy. Oil and Gold!!! What is Iraq rich in? Oil and Gold. My point being, they cannot stand on the sidelines too much longer and not get lost in the global economics of change occurring…NOW!   [Post 1 of 2]

Petra – Dinar Guru   So, sit tight, the GOI does not make the RI decisions…bad actors in Parliament, will force outside entities to push the CBI to move forward IMO…They are working and getting things done…In summation, relax, it may not be in Iraq’s hands much longer because the world…is talking!!!!….It truly is a circus but the true thinkers in Iraq are not getting lost in that craziness. They know what is important and they are preparing all steps to make sure they are ready when the CBI pulls the trigger… [Post 2 of 2]

Militiaman – Dinar Guru   Now that we are at the political crossroad with the GOI…Lets see if that red light of the politics gets sorted while we wait for that green light of the next IQD exchange rate to go live.  There comes a time where the system will require the CBI to make an independent move and inter connect with the region and the world, and that move imo may precede the politics if need be. We shall see though. They didn’t get this far to stop the bus, they have it fueled and fully tuned and ready to rill imo.. Time is short from view point.

MilitiaMan – Dinar Guru  Article “Parliamentary proposal to speed up the approval of the budget”  I am liking this one. It is implying there is urgency and a need to see the budget through. The political stalemate is not helping anyone or anything. There has been passed precedent for the budget to be sorted now and that later if need be the budget can be amended. There should be no big problem. So, lets see if there is a budget submitted prior too the 04/06/2022 time frame for the Presidency. Sure will be in interesting time for all to come together.

Pimpy – Dinar Guru  Things that influence the exchange rate of the currency, whether or not you have a stable government is one of them.  As you can clearly see they can’t even get one established.  That’s not good at all.  You’re not going to see any type of exchange rate change happen until the government is put into place, they start doing their job, they start increasing the private sector getting people back to work...all these things play a factor in the exchange rate process and value – Not just ‘oh they got a lot of oil.’  It doesn’t work that way…

Kaperoni – Dinar Guru   Central Bank of Iraq monetary policy is in cooperation with the IMF. It’s strategic, in scientific and nothing is random or arbitrary. Only with the success and growth of Iraq ‘s economy can the dinar go up in value.

Clare – Dinar Guru   Article:   “Parliamentary proposal to speed up the approval of the budget”  Quote:   “proposed a solution to expedite the approval of the general budget 2022.”  THAT IS VERY INTERESTING!   WE SHALL SEE HOW THEY GET IT DONE… BUT DON’T LOOSE SIGHT OF THE END…NOTHING CAN STOP WHAT’S COMING! IMO

Kaperoni – Dinar Guru   …talk about an RV based on political accomplishments such as seating of the new government. I assure you the CBI doesn’t care, their decisions are based on strategic and scientific monetary policy.

Sandy Ingram – Dinar Guru   Article:   “Tourists trickle back to Iraq despite the dangers“.  Here’s some really good news.  Most western governments still issue travel warnings for all or parts of Iraq…the tourist industry is expected to increase regardless of the travel warnings…

Mountain Goat – Dinar Guru   Article:  “MINISTRY OF FINANCE SAYS 200 BILLION DINARS TRANSFERRED TO ERBIL SULAIMANI — ”  Remember what the IMF told Iraq on its audits – they must pay the Kurds on a regular schedule and not hold up their payments. This seems to now be occurring. There will be no RV without this steady streams of payments. So this is all good …

Newshound – BGG  …some actual perspective might be in order for today. Iraq has just undergone a major electoral shift during these last early elections. It has trended towards a much more reformist, “for the people” agenda. The margins are very, very close. Some of the old guard in Parliament is holding on for dear life. It appears currently they [old guard] have just enough support to temporarily block the formation of this reformist government.  I do not expect these obstructionist margins to sustain. They [Sadr and the reformist] will get this done… and isn’t that what everyone wants?

Long term reforms in Iraq?

Samson – Dinar Guru   Article: “A legal expert clarifies the time period for choosing the President of the Republic and reveals the details of dissolving Parliament”  Quote:  “in the event that the new president of the republic is not chosen, the parliament’s presidency can postpone it until April 6 only.  If we exceed this period…we will be facing an irresolvable failure, and Parliament may be dissolved...”

Sandy Ingram – Dinar Guru  Iraq exported 15.43% of its oil to 6 European countries during the month of February.  Turkey 9.1 MB, Italy 5.1 MB, Greece 4.25 MB, Netherlands 2.05 MB and France 1.01 MB… as investors in the Iraqi Dinar we are hopeful these oil relationships and transactions will continue regardless of the outcome of the disruption in Russia and the Ukraine…