Dinar Observer Daily

Samson – Dinar Guru  Article: “PM Advisor: Al-Alaq upcoming visit to NY supports banking system stability”  

Pimpy – Dinar Guru  If you’re planning on retiring sometime this year because of the Iraqi dinar exchange rate, well put a hold on your plans for just a little bit until we get past this next year IMO.  With the election season coming up and we have no idea who’s going to be in charge of the country, we have no idea what kind of actions are going to be taken against Iraq…The fact that the United States Treasury has now taken up an entire floor in the Central Bank of Iraq is not a good thing at all…

Militia Man – Dinar Guru   Article Quote: “Alaq confirmed… there will be meetings held with the Federal bank and US Treasury at the end of this August”  What’s the date today?  It’s not far off.  The last meeting he had was unannounced…I think him coming back to the Untied States, he’s probably going to bring something he should have had done a long time ago.

Samson – Dinar Guru   Article:  “Is Iraq heading towards printing new paper currency?”  Quote: “Baghdad The Parliamentary Finance Committee confirmed, on Thursday, that there is no intention to print new paper currency.”

Militia Man – Dinar Guru  Article: “Iraq is heading towards printing new paper currency”  They’re not going to print new currency in the sense of triple zero notes…There’s no reason for it.  They were destroying perfectly good triple zero notes.  They did a video on it…destroying money, making little pellets.  They had a whole show on it.  Why would they be destroying good money?  Granted, if they filmed that they were damaged with ink on them, all these different things, I understand that.  That wasn’t the case.  In 2018…they spent tens of millions of dollars on printing new currency… Bottom line is, why would they be printing triple zero notes at a time when inflation is low?  That would create inflation.  The whole idea is not to do that.  Article quote:  “There’s no intention to print new paper currency at the central bank…“

Sandy Ingram – Dinar Guru   Building and growing your financial bases will be easier when you have money…The name of the game to replenish your wealth means that you invest in positive cash flow business ventures even if you go out and buy a Pizza Hut just as long as it has a positive cash flow to help support your lifestyle that you would like to live in.  You replenish your wealth by investing in business ventures that will bring you more monthly income.  That’s how you maintain and generate and grow your wealth. [Dinar Guru Note: Consult your financial advisors at the appropriate time to find the right investments for your unique circumstances and lifestyle.]

Samson – Dinar Guru   Article: “Theft of the Century: Between the Rule of Law and the Rule of Whales“

Militia Man – Dinar Guru  Anybody that thinks this is going to be a lop has got to be flat-out loco.  They’re not going to be able to fund all their processes at 1310/1320…There’s no inflation.  They’ve got it covered.  They’ve been working on this for years…It’s a bullish time to paying attention to what you own…Put the lop to bed.

Militia Man – Dinar Guru  They were definitely coming after Alaq.  Why?  Because their cash cow…is getting dried up and obviously they’re getting squeezed.  You not only have people in Baghdad getting squeezed you got people in Kurdistan area are going to get squeezed as well because they are on the wrong side of the trade.  They have different agendas.

Samson – Dinar Guru  “The Central Bank denies the existence of a shortage of cash liquidity and responds to the Parliamentary Finance Committee”

Clare – Dinar Guru  Article Quote “The Prime Minister’s Advisor for Financial Affairs, Mazhar Mohammed Saleh…pointed out that Iraqi oil sales are in dollars, and are deposited with the US Federal Reserve through an open account in the name of the Central Bank, which is managed by the bank on behalf of the Iraqi government.”

Militia Man – Dinar Guru Why would somebody bring out an article “Is it time to remove the zeros?”  Because we already know they’re going to do something like that…Alaq said the project still exists…Alaq has talked about creating value and so has Al Sudani.  Sudani has stated more than once that the dinar is stronger the dollar.  Why would he lie about that?  He might know things about that that you and I don’t know…Where we’re headed, that is probably a true statement and he’s probably not going to be considered a liar.  He’s probably going to come out in history as one heck of a prime minister.

Kaperoni – Dinar Guru    The discussion in Iraq is not an RV but a currency exchange LOP.  Symposiums were held last fall to educate many of the citizens on such an event.  There would be little to no gain, in fact, based on the numbers published it would be a loss if they did so.

Samson – Dinar Guru   Article:   “Government Advisor: Al-Alaq’s upcoming visit to New York will support the protection and stability of the banking system“

Clare – Dinar Guru  Article “Is it time to remove the zeros?” Quote:  “with the use of electronic payment operations, the environment will be mature and acceptable for the idea of ​​implementing the decision to delete zeros, and the process will be automatic without the citizen feeling it. But is it time to issue the decision?“

Militia Man – Dinar Guru   Article Quote:   “The Deputy Governor of the Central Bank of Iraq has confirmed work is underway to reduce the price of the dollar against a dinar in the coming days.”  We’ve heard this before but we haven’t seen the end result yet.  Why is that?  Could they have been trying to do it before?  Sure.  Have they tried many times?  They could have.  Are they trying to do it again?  The evidence support that this is what they are telling us – that they’re going to try to do it again.  Hopefully they get this one done.

Mountain Goat – Dinar Guru   Once again, the Project to Delete the Zeros raises its head up. Yes, two more articles on it this period… There are other articles today related to the topic that help us understand and tell us they know what they have to do and its just a matter of time how and when they do it. The clock it ticking… tic, toc, tic, toc.

Militia Man – Dinar Guru  Saleh, the financial advisor, has talked about the float…a managed float or a mixture of the peg and the float which would be considered flexible…These guys are going to do what they think is the most positive…They’re not going to try to hurt the situation.  They’re going to try to make themselves successful.

Samson – Dinar Guru  Article  “US State Department : Our commitment to the relationship with the Kurdistan Region is firm“

Militia Man – Dinar Guru   Article:  “Iraq avoids the grey list”  Iraq was on a black list at one time.  Then they moved to the grey list, which we thought wow that’s pretty good, we’re moving forward.  Now they’re saying Iraq has avoided the grey list.  Quote:  “In a remarkable development the Anti-money Laundering and Terrorist Financing Office in Iraq announced the country is far from being included in the grey list after the mutual international evaluation Iraq underwent for 14 month.”  Sounds pretty intense.

Nader – Dinar Guru  [Iraq former government/UN employee friend Imad from Basra update]  What happened to Kuwait basically is the same thing.  Whatever is happening to Iraq, it happened already to Kuwait.  After the war Kuwait went back to normal.  The American people who held and bought those notes when it was down made a lot of money.  That’s for sure.  Now the scenario is repeating itself with Iraq.

Samson – Dinar Guru   Article:   “Iraq avoids the gray list: temporary victory or the beginning of a new crisis?“

Clare – Dinar Guru  Article: ”Government Advisor: Al-Alaq’s upcoming visit to New York will support the protection and stability of the banking system”  Quote: “The Prime Minister’s Advisor for Financial Affairs, Mazhar Mohammed Saleh…pointed out that the file of the sanctioned banks requires negotiation due to the possibility of an error or exaggeration in issuing the decision to sanction them…There will be meetings held with the Federal Bank and the US Treasury Department at the end of this August“

Militia Man – Dinar Guru   Article quote:  “Central Bank’s inability to meet the needs of Iraq dinars which may force an increase in issued monetary mass.”  They didn’t say dollars, they said the need for dinar.  Why would they need to have dinar?  Remember…they’ve been bringing in 25k notes because…they’re doing electronic.  All that money that comes in gets credited on cards.  They’ve been absorbing cash… [Post 1 of 2….stay tuned]

Militia Man – Dinar Guru  What were they doing in the background?  They were destroying money…They didn’t tell you how much money they destroyed…But they’re saying they’re having a problem with liquidity…a problem…to meet the need for Iraq dinar…They’re going to need money to be replaced.  Could that be the new small category notes with more value? ...Why in the world would you go out and destroy a bunch of money… make it into pellets for burning, when you’re going to go and create new 25k notes.  Does that make any sense to anybody?  Do you think they built that big, huge massive building…to have more inflation and a cheaper exchange rate less that 1310?  That’s what they would be doing…That doesn’t make any sense whatsoever.  [Post 2 of 2]

Militia Man – Dinar Guru  All the calls for Alaq to leave his post – They came at him all week last week.  But guess what, he’s still in his position…When they treated his incompetence it’s obvious they have an agenda.  They’ve been…trying to get him gone for over a year and haven’t been able to.  It’s obvious the US, the US Fed and Al-Sudani feel it’s not necessary or they would have probably done it already.

Clare – Dinar Guru  Article:  “urgent… In numbers.. The Central Bank buys dollars from the Ministry of Finance in an unprecedented move since 2003”  Quote:  “this rate will rise in the coming months with the Central Bank’s inability to meet the need for Iraqi dinars, which may force it to increase the issued monetary mass to meet the ministry’s expenditure needs.”

Samson – Dinar Guru  “Al-Sudani’s advisor announces: Two missiles have returned negotiations to the US forces’ withdrawal to square one”

Breitling – Dinar Guru  We [The United States] are circling the wagons. If we circle the wagons we’re going to cut the economy off of Iraq and we’re going to make them hurt.  That’s not good for the Iraqi dinar.

Militia Man – Dinar Guru  Article: “Central Bank of Iraq to the News: We are working to reduce the price of the dollar in the coming days”  To be fair, that statement could be misleading because it’s not Iraq’s job to do anything to the United States currency value.  They don’t have any control over it, period.  But what they do have control over is the dinar, that petro-dinar.  They can change the value of the currency.  Alaq said the delete the zeros project is still in play…If they raise the value of the Iraq dinar, obviously the value the currency in respect to that ratio is going to change.