Dinar Observer Daily

Pimpy – Dinar Guru  I’m feeling really confident, more confident than  I was before that we’re going to have the same government in there, except now we’re going to have Sadr as the man behind the scenes…we’re going to have Saleh as President and Al-Kazemi as Prime Minister.  I do think that’s a good combo.

Mountain Goat – Dinar Guru   …the ongoing election saga continues between Maliki gang and the al-Sadr anti-corruption movement…in today’s news we are told they intend to hold the election for the president on March 26th, assign committees and even announce the prime minister…

Pimpy – Dinar Guru  There was talk again of the exchange rate.  Somebody said ‘Pimpy man did you hear they want to change the rate to $4?‘  …They sent me the article…the person said they want to change it to 4-4.  No, no if you keep reading that’s actually the date.  It’s April the 4th – Not they want to change the rate to $4…there’s just more talk about the rate.

Samson – Dinar Guru  Article:  “It is the first in Iraq in 17 years…direct flights between Erbil and France“

MilitiaMan – Dinar Guru  … as Chapter 7 has been lifted. Reverting back to program rate of 1190 would…likely not ever allow them into the international arena…The amounts of monies to be collected at the ports and borders will be staggering imo and will support far more than 1190 or even 1200…They told us the worth of the Dinar in 2017 was…$1.17 based off only oil. Add in the rest and inflation one should easily see that the REER (Real Effective Exchange Rate) will be a far cry over 1190…It will likely support an era of the Glory Days… of roughly $3.22…

Mountain Goat – Dinar Guru  Article:   “THE MONETARY IMPACT OF THE DOLLAR SALE WINDOW”  What they are essentially saying here is that you can’t just abolish the currency window (currency auctions) without looking at the full impact as to why they exist in the first place. So, as I have been saying, they can’t just stop the auctions without replacing them with the reinstatement, thus using the dinar and not the dollar for trade. But to do this must create a demand for the dinar.

BobTheTaxMan – Dinar Guru  You need time to be able to figure out how what it’s like to be in a world where you have money – Where your mindset is completely different than looking at your paycheck-to-paycheck-to-paycheck – Where it’s a different world.  You’ve heard me say, you’re gonna want to talk to 6 CPA’s, 6 financial planners, 6 attorneys.  Why?    I have an insane reason behind it. It’s going to slow you down. You need to have the time to adjust…

Kaperoni – Dinar Guru   … the talk on the dinar [In the news, articles, etc…] has nothing to do with a RV or significantly raising the value. The only talk is to restore it to the rate of 1170 which will not happen at this time.

Breitling – Dinar Guru  People are like how can Iraq back up their own currency?  They’ve never had a problem… backing their currency up.  That’s never been the problem.  The problem is who will accept the Iraqi currency.  And how do you convert the Iraqi currency to the U.S. dollar and go through the Swift system and then convert it to whatever country they are doing business with to get the products they need…Remember every time you go through the Swift system you have to convert it back to the American dollar…

Pimpy – Dinar Guru  I want to trust the experts out there are doing the right thing.  If they’re saying we cannot do it right now [RV/RI/Rate change]  because it’s not the right time I want to trust that their judgment is correct and they have the Iraqi people in mind when they’re doing the work…

Mountain Goat – Dinar Guru   Article:  “GOLD RESERVES IN IRAQ’S VAULTS ARE MORE THAN 96 TONS”  Article Quote:  “the gold reserves in Iraq amount to 96.4 tons,” noting that “Iraq is located in the international gold reserve arrangement in sequence 37.”  This ranking is very good considering over 250 countries world wide. Again more wealth so where is the true rate of the true value of the currency?…

MilitiaMan – Dinar Guru  The IMF has been active in giving support for a rate change. A reasonable one. With pricing of goods going up and extremely fast…

Breitling – Dinar Guru  Iraq is going to benefit from this [Russian situation] in more ways than one.   We are going to cut Russian oil off and these countries that were buying oil are going to spool up.  They are going to be making even more money.

Pimpy – Dinar Guru  Community comment:  “I think they will change the rate because they want to.  I’m very practical.”  I don’t think they can just change it just because they want to.  There’s a lot of other factors involved.  So be a lot more practical…I don’t think there’s an issue at the moment other than the fact that it appears that Al-Kazemi’s administration wanted to make absolutely sure that they fixed the wrongs of the past and get Iraq back on track…

Samson – Dinar Guru  Article:  “Al-Halbousi announces the date of the presidential election session”  Quote:  “It was decided to set Saturday, March 26, as the date for the parliament session to elect the president of the republic.”

MilitiaMan – Dinar Guru  There are always things that seem to be popping up that were not expected. We didn’t realize there was ever going to be automation at the borders. We never knew there would be an interlinking with the CBI and E-Government with three major entities of the government, done and linked. The CBI told us they have done that quite some time ago.    [Post 1 of 2]

MilitiaMan – Dinar Guru   … and the data from the CBI showed they had allocated millions of dollars for the printing of new notes… The sanctions are lifted from Chapter VII with all payments paid up to Kuwait. They are opening international banks abroad. So, All these efforts are all showing me there is massive progress in a very complex environment that has new technologies involved that will help facilitate the new digital transformation before them and us.  [Post 2 of 2]

Sandy Ingram – Dinar Guru  New York Times Article: “Iraqi minister says high oil prices, if they last, could speed the shift to E.V.s”  As investors you want to be aware of shifts and trends that could become commonplace…those flip-flopping short-wearing genius geeks in Silicon Valley have been working on a way to eliminate dependency on foreign oil.  Iraq sees the shift coming…this is brewing in the background…

Breitling – Dinar Guru   Russia…what’s that have to do with Iraq?  Iraq is kinda in the middle of it.  They don’t want to do business with one side or the other.  They want to do business with both sides.  They don’t want to offend one side or the other.  But that’s over with.  They want west.  They want the U.S. dollar…they want to be able to do business with countries attached to the dollar.  They don’t want to do business with counties attached to the Russian Ruble…that’s an easy choice for Iraq.

MilitiaMan – Dinar Guru   …their efforts are about to be given to the citizens proportionately. The pressure has been mounting and I bet the GOI is feeling the heat on many front. Lets see how the handle the new GOI. Will it be seated in the coming days? We shall see…

Pimpy – Dinar Guru   I know you guys are waiting for the big payday and I told you IMO I thought it was gonna get there but just not overnight.  I doesn’t mean I’m right.  It doesn’t mean I’m wrong.  I’m just saying you’re gonna see it go up in increments.  How much?  I don’t know.  But Sadr is pretty serious about dealing with this exchange rate issue…

Sandy Ingram – Dinar Guru  There may never be a so-called revalue only a substantial increase in the IQD value against the U.S. dollar.

Breitling – Dinar Guru  It’s always about what markets are they [Iraq]  going to be involved with.  Always.  Once they add value to the Iraqi dinar how can they participate in those markets?  Who’s going to be able to accept it?  That’s why you’re watching Iraq go through all these banking laws – setting it up so it complies with the west…they’re restricted on what they can buy…They’re still going to sell oil in U.S. dollars but they’re going to back their own currency up with U.S. dollars and their currency will be unrestricted.  [Post 1 of 2]

Breitling – Dinar Guru  Believe it or not what you’re seeing with Ukraine is helping that.  The United States is more inclined to have Iraq comply.  Do you know why?  Because right now there is a competition…The west is trying to confirm who is with us.  Iraq wants to be part of the American western system.  End of story.  Any country that says they want to be part of the Russian system is because Russian has their proxies in power in those countries.  [Post 2 of 2]

Pimpy – Dinar Guru   I still think it’s going to be in increments.  There’s a part of me that still feels like there is going to be a change to the rate in this budget.  A small one, not major.  I think they’re going to go back to the original.  I’d like to see better but Iraq has come a long way over the last year and a half. Don’t give up hope. Newbies, you don’t have to ride the emotional roller coaster…

MilitiaMan – Dinar Guru   Article: “Al-Sadr outlines the formation of the new Iraqi government“. There is the fire under his behind.. Sadr is all for getting the ball rolling with the GOI and the Exchange Rate.

Kaperoni – Dinar Guru  [People think] Iraq is going to RV when they pass the 2022 budget. LOL. The only talk is to bring it back to what it was 12 months ago but that depends on the growth and success with their own economy.

Pimpy – Dinar Guru   What is the probability that this [reinstatement] will happen?  It’s not very high because of all the different factors that feed into the reinstatement of the Iraqi dinar.  But as far as the revaluing, if they could just stay out of trouble and continue to move forward like they have been and start rebuilding that country and focusing on the people there’s great hope that you’ll see an RV happen more than one time and eventually it’ll get up there to where we would like it to be that’s for sure.

Clare – Dinar Guru   Article:  “A statement from the Finance regarding raising the value of the Iraqi dinar”  Quote:  “…on March 14, the Federal Supreme Court will host Allawi and the Governor of the Central Bank of Iraq, following a lawsuit demanding the strengthening of the dinar.”

Samson – Dinar Guru   Article:  “What Is Required From The Federal General Budget For 2022”   Quote:  “In previous budgets, all budgets were item budgets, completely copying the ones that preceded them, with one thing changing, which is the price of a barrel, which will be the basis for calculating the volume of spending and the deficit and therefore the amount of money that is borrowed. Except last year, the budget included something else, which is the exchange rate of the US dollar against Iraqi dinar.“