Dinar Observer Daily

Samson – Dinar Guru  Article: “Central Bank of Iraq to the News: We are working to reduce the price of the dollar in the coming days“  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.”

Nader – Dinar Guru  The U.S. is not a hold up.  You guys can call it like that but the US is not a hold up.  They want to really help the economy in Iraq.  Because they destroy it, now they want to build it again.  They’re waiting for the right moment to put it back normal.

Jeff – Dinar Guru   The middle of Iraq’s fiscal budget period…has everything to do with the timing of the rate change…

Militia Man – Dinar Guru  Article: “Government advisor explains the possibility of using the dinar instead of the dollar in oil sales” Saleh…is educating the people…They’re keeping it fresh in the citizens minds as there’s a likelihood there’s going to be a big change coming.  That will likely reflect the flexible exchange rate system.

Clare – Dinar Guru   Article: “Government advisor explains the possibility of using the dinar instead of the dollar in oil sales”  Quote: “Will it be a fixed exchange system supported by foreign reserves or will it be a flexible exchange system in which the (petrodinar) changes with the change in oil prices? These are paths that have no answers on the ground and are really very ambiguous“

Samson – Dinar Guru  Article: ”Government advisor explains the possibility of using the dinar instead of the dollar in oil sales“

Mountain Goat – Dinar Guru   Article quote:   “that the government is demanding guarantees for non – substituent currency back to the markets”.  This means the reinstatement back to the FOREX trading markets. The CBI wants guarantees that once they begin the process of the Project to Delete the Zeros, it will go all the way to the reinstatement. So is this not what my CBI contact also told us?

Militia Man – Dinar Guru  Just because you’ve been in it 20 years doesn’t mean anything to me.  I love you and I care about that.  I respect it but if you’re down and out all the time and you’re saying, ‘I’ve heard this before.‘ It’s not true.   Don’t lie to yourself.  All this data we’re having right now is fresh.  It’s new.  It’s totally different than it was 20 years ago, 10 years ago, since Sudani got in office…Everything we’re showing is in black and white. A lot of people out there have a darn good idea that change is coming…

Breitling – Dinar Guru  The idea of talking about the governor of [the CBI] resigning is a big deal.  Who knows they might turn this thing around.  We don’t expect perfection but we’re done with the money laundering.  We’re done with terrorist groups using Iraqi banks.  We’re sick of it so we’re going to stop it.  Republican or Democrat, just so you know, we’re going to stop it.

Sandy Ingram – Dinar Guru  Iraq just delayed the US group exit.  It’s a big deal.  Iraq has chosen to delay the announcement of a departure date for the US-led military coalition.  This comes amidst escalating tensions between Israel and Iran…Currently around 2,500 US troops remain in Iraq…This delay in setting a withdrawal date underscores the Iraqi government’s challenging position amidst internal and external pressures.  Stay tuned for more updates as this situation continues to unfold.

Mountain Goat – Dinar Guru    Article:  “BANKS OF “POWERFUL POLITICIANS” AFFECT EXCHANGE RATES, IRAQ FACES “INTERNATIONAL PRESSURE”  The US Treasury is now parked in the CBI building and is not going anywhere until the dollar sales is controlled and the parallel rate matches (or is very close to) the dinar rate… this move by the US Treasury was so that they could move to the next step of the currency reform. So it is a very positive thing for us investors…

Clare – Dinar Guru  Article: “Trade discusses the mechanism for Iraq’s accession to the World Trade Points Federation”  Quote: “The Private Sector Development Department discussed with the Departments of Foreign Economic Relations and Administrative and Financial Affairs at the Ministry of Trade, the mechanism for Iraq’s accession to the Federal Union of World
Trade Points, the legal procedures for joining, and the benefits that the Iraqi sectors will obtain.“

Militia Man – Dinar Guru   Article: “US Treasury takes control of Iraq’s Central Bank to combat money laundering”  They said that on August 3rd.  It’s confirming the US Treasury Department has taken permanent headquarters in the Central Bank of Iraq building.  Why in the world would they do that if there wasn’t something important…They’re going to put the fire under them… Quote: “The central bank was forced to allocate…” Those are pretty heavy words.  Powerful.

Babysmom – Dinar Guru  WE SURELY ARE NOT IN THE SAME POSITION WE HAVE BEEN IN PAST YEARS…THIS IS DEFINITELY A DIFFERENT PLACE THAN WE HAVE EVER BEEN...OUR BEST IS YET TO COME!…

Militia Man – Dinar  Corruption…At the very last minute you’re going to do something that’s dramatic and you’re going to create value, you’re going to want to have all the bad folks under the gun and maybe even notified prior to that we got your number…

Mountain Goat – Dinar Guru   Article quote:  “introduction of new currency does not mean the destruction of ancient coins, but it will continue to trade to about ten years”. How can this possibly…“lop” when they will continue trade and use these larger three zero notes in the background for 10 more years after they complete the Project…So no more negative stuff about a LOP…please!

Militia Man – Dinar Guru  What I bring has data behind it.  I’m not just making it up or just getting phone calls.  I’m actually doing the work.  I put it together.  It takes a lot of time to put all the work together.  I like doing it because it does help so many people…You’re not the only ones that are tired.  Everybody in our crews can be tired at times.  We all need to support…

Nader – Dinar Guru  [Iraq former government/UN employee friend Imad from Basra update]   Question:  “The Untied States, do they have anything to do with the Iraq currency?”  Of course, yes, they control it.  They have some interest between the two countries. 

Pimpy – Dinar Guru   Until you hear otherwise just assume Alaq has submitted his resignation letter and has not put a date yet as to when his last day is.  There are too many articles out there stating he has submitted a resignation letter.  

Militia Man – Dinar Guru  Article quote:  “Federal Integrity Commissioner…says we discussed the development in the integrity file and the government’s efforts to recover funds into the Iraqi state treasury.”  There’s some people out there that have stolen a lot of money and that money is still floating around the world…If you stole it you’re probably going to have a knock on the door…If you’re playing by the rules you shouldn’t have a problem.  Depends on who writes the rules of course…

Militia Man – Dinar Guru  There are a lot of things that are rough and tumble out there.  On a good note, everything  we’re seeing is still focused and still on track and I think we’re going to be in good shape.  If they launched this over a year ago, we’re coming to a close.  I firmly believe it, they’re coming to a close and they’re getting ready to do what they have to  do...

Nader -Dinar Guru  [Iraq former government/UN employee friend Imad from Basra update]  Question:  “Will the three zeros be deleted?”  Yes sir, they will be deleted soon…realistic it’s not going to happen next week or next month.  It’s not…you have to hang on and wait a little bit.  NADER:  I say from here to December…Is it going to happen before the election?  IMAD:  No. Let’s wait and see.  NO…It’s not in the near future…To move these three zeros takes a lot of work…corruption…a lot of things have to straighten up a little bit.

Pimpy – Dinar Guru  On July 11th it was $84.69 per barrel of oil.  As of the 6th of August it had dropped down to $76.17 per barrel…It is now $79.66 per barrel.  This goes right back to the whole issue about the price Iraq has set per barrel in their budget.  There’s an expectation…if they don’t meet it then everything they plan for ends up being a deficit for Iraq.  A few month ago we heard this was a problem in Iraq and the central bank kicked around the idea of devaluing the Iraqi currency again...It doesn’t mean it’s going to happen.  I’m just bringing to your attention they have spoken about devaluing the Iraqi dinar because of the rate they had set in the budget per barrel which I believe is around $70 per barrel.

Jeff – Dinar Guru  I’m about the only [guru] out there that has put an emphasis on the budget, telling you that the budget is unconstitutional.  Nothing, not even the rate change, absolutely nothing economically is happening in Iraq till the court overturns the budget…The budget has to be overturned and it probably going to be around mid-September.  That’s the main piece to the puzzle you’re waiting on right now.

Militia Man – Dinar Guru  Saleh, financial advisor to the prime minister, has a really good report. “Government Signal:  High Export Capacity Boosts Currency Value”  He’s giving reasoning why certain things will boost value...They’re talking about floating and fixed prices…He gives his opinion – Floating seems too aggressive, fixed prices work but a managed float I think is what he’s talking about…

Pimpy – Dinar Guru  If it could be proven that [Alaq] was involved with some criminal activity…then he should be out of there and convicted…But if it’s all baloney and this is another one of those moves by Maliki and the Coordinating Framework then people have to do something…So we’re not sure where this information is coming from.  But that doesn’t mean you
shouldn’t listen to the news, because this person is like, ‘See Pimpy, you said there is no fake news.’  I did not say there was no fake news but not everything can be fake news.  Just because you don’t like the information…it must be fake news.  Nope.  What you got to get to is the bottom of why this situation is there in the first place…Like anything else you have to be able to sift through the crap that you’re hearing and make a decisions on whether the news is real or not…

Militia Man – Dinar Guru  Article: “Government signal: high export capacity boost currency value“  It’s an education piece…Why is the country of Iraq and the financial advisers talking…?  Because the fact things are changing.  They want to make the people aware that there are things happening.  I believe give reassurances to why they’re doing what they’re doing.  If you’re going to have a value change…people need to have a little bit of a warning…

Clare- Dinar Guru  Article:  ”Government Advisor: Increased Export Capacity Boosts Currency”  Quote:  “The financial advisor to the Prime Minister, Dr. Mazhar Mohammed Saleh, stated that the global currency rates are determined in two main ways: floating and fixed prices, indicating that there are many local and international factors that control the strength of the currency, such as supply and demand, interest rates, inflation, growth in the local economy, trade balance, and others“

Mountain Goat – Dinar Guru  As far as timeframes, my contact told me to watch the progress of the banking reforms that the Feds are pushing. This includes the parallel market rate vs the CBI official rate and the currency auction levels…Today we read yet more articles on the banking reforms now in motion, just as I was told would take place…Yes, measures are being put in place just as my contact told me would happen and the situation with the banks is going to be resolved, and soon…  

Clare – Dinar Guru  Article: “Parliamentary Committee to Nina: A government team is preparing a new draft of the Oil and Gas Bill ”  Quote: “Prime Minister Mohammed Shia al-Sudani has assigned a tripartite ministerial team to prepare a new final draft that will be presented first within the Council of Ministers for approval, and then sent to the House of Representatives later“