Dinar Observer Daily

Jeff – Dinar Guru   The budget will be overturned by the court, deemed unconstitutional probably by mid-September.  Absolutely nothing is going to happen in Iraq till the budget gets overturned by the court.  The budget is not published in the Gazette yet.  That’s still outstanding.

Pimpy – Dinar Guru  We know pretty soon Iraq is going to be here and talking to people in Washington about what they need to do to get back into good graces, have sanctions lifted on some of the banks and allowing Iraq to move forward with reform without looking for excuses to penalize them every time Iraq does something that pisses off the Biden Administration.

Militia Man – Dinar Guru  The Central Bank of Iraq has been on top of it.  They’ve been working in conjunction…with the US Treasury and Federal Reserve to get Iraq to be in compliance with international standards...If you’re doing nefarious deals you’re going to have a problem…

Breitling – Dinar Guru  The key for Iraq – For them not to be dependent on the dollar.  If they economy is 100% energy then they’re going to be 100% dependent on the US dollar. How do they get their currency outside of that?  They have to open up to doing business in completely different sectors… Then they can attach that part of the economy to the Iraqi dinar.  And they can add value to the dinar as they see fit.  That’s always been the underlying goal of what we want Iraq to do…

Clare – Dinar Guru  Article: “Is “floating the currency” a solution to the crisis of the high dollar in Iraq? A representative explains”  Quote: “There are calls to float the exchange rate in Iraq…Floating the currency is a procedure based on liberalizing the exchange rate, leaving it to market factors (supply and demand), to determine its value without any form of intervention by the economic authority...There are two types of floating: the first is absolute floating, and the second type is managed floating, i.e. the type in which the central bank intervenes to direct the exchange rate up or down, as it sees fit to achieve the interests of the national economy.”

Dinar Investor – Jeff  The Supreme Judicial Council has decided it’s time for the current central bank governor to retire.  Remember this is his second term.  During his first term back in the year of 2018 that’s when he printed the new lower smaller category denominations notes with his signature on them.  The only reason they put him back in for a second term was to commission the rate change.  Now they’re saying he’s going to be forced into retirement.  No retirement date has been provided.

Pimpy  – Dinar Guru  Should he stay or should he go?  There’s a lot of rumors and stories out there about Alaq resigning or him being pushed out because of his age, it’s time for him to retire.  Then you got people out there saying, ‘Oh, this is all fake news.’ Or maybe it’s just the fact that there are some corrupt people still in government trying to grab control…of the the Central Bank of Iraq and one of the steps they have to first do is force Alaq out…Is it possible these stories are circulating because they want Alaq out?  Did he really take part in some crimes?  There’s a lot of different scenarios.  That’s the deal with Iraq, you’re not always 100% sure of what’s really going on…

Militia Man – Dinar Guru  Article:  “Referring Al-Alaq to retirement: a legal step or settling political scores?”  It’s been ongoing for the last few days there’s been a suggestion that he was going to resign.  There wasn’t any meat and potatoes to that…Then they went after his age.  They said he was too old.  Then now there suggesting there’s political scores that are doing this battle and giving bad publicity…Some people out there…made a lot of money, they’re not going to any more, off those dollar auctions.  They did it for a long long time.

Mountain Goat – Dinar Guru  …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 [CBI] contact told me would happen and the situation with the banks is going to be resolved, and soon.

Breitling – Dinar Guru  If Iraq doesn’t start making the right decisions they’re not going to make it.  They’re going  to be forced to use more US dollars because the US will put more and more sanctions on them if they don’t and that’s going to devalue the currency even more.

Militia Man – Dinar Guru  Alaq, the Central Bank governor has been under pressure for lots of things.  He was even summoned to Washington and he showed up…to have a powwow meeting…It was unannounced.  There were some issues at that time…It was months ago…The pressure is a good thing from my point of view…MPs in parliament are calling him out.  There’s an agenda.  I firmly believe that.  

Samson – Dinar Guru  “Iraq raises its gold holdings to more than 148 tons”  Quote “The World Gold Council  announced…Iraq has increased its gold holdings to more than 148 tons…”  

Dr. Jan Halper-Hayes – Guest  I still get a lot of questions from people:  When is something going to happen?  Why is it moving along so slowly?  Murphy’s law said anything that can go wrong, will.  That’s life.  We do need the financial reval to happen.  There were documents that were going to go into law, went to a committee in Iraq and some people decided to change some things.  When it got back to the final decision making group they identified these things were snuck in.  They sent the process back to the start.  That’s life, that happens…When Iraq gets their act together they get to be back on the financial markets and their currency can trade.

Breitling – Dinar Guru  Iran…It’s all tied to that.  We’re going to start punishing Iraq for being influenced too much...When they support groups and those groups are using financial institutions inside of Iraq to laundry money and to get U.S. dollars we’re going to make them pay…Put your big boy pants on because this is reality.  This is what’s happening.  They [Iraq] can turn it around but right now I’m neutral.    I don’t know how this is going to turn out.  I just don’t.

Clare – Dinar Guru   Article: “US Treasury places Khamis Al-Khanjar on sanctions list”  Quote:  “The US Treasury Department, through the Office of Foreign Assets Control (OFAC), has placed the head of the Sovereignty Party, Khamis Al-Khanjar, on the sanctions list of known individuals and entities with whom dealings are prohibited.“

Militia Man – Dinar Guru  People are getting spanked.  They’re getting in trouble.  They’re shutting things down.  Bank managers are getting banned from working.  If you’ve been found to be corrupt they’re going after you…If you don’t play by the rules you’re going to have some problems.  The Untied States Treasury has a whole floor of the central bank…International compliance is important.  If you’re money laundering…counterfeiting… supporting terrorist, they got your number.

Mountain Goat – Dinar Guru  WOW! August news from Iraq is explosive. We now see many changes to the banking system and currency auctions. This as I am told is from the pressure of the Feds and the US Treasury. …As far as timeframes, my [CBI] 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.

Pimpy – Dinar Guru  There’s no rate exchange out there that’s even above $3.50, nowhere out there, not even the Kuwait dinar…$3.25…I think theirs is the most valuable so how is somebody going to give a $7.00 exchange rate?

Militia Man – Dinar Guru  If you drop the three zeros off the exchange rate of the dinar what you have is $1 divided by 1320.  You’re going to get .0007…If you drop the three zeros off .00076 you have .76…Keep in mind what they’ve done is phenomenal.  The amount of work showing Iraq is going international and they’re working to that end to do it as quickly as possible is how I can see it.

Sandy Ingram – Dinar Guru  Research says 70% of all lottery winners are broke within 3 to 5 years after they win the lottery.  These numbers are almost as high for ex-NFL football players who once they are no longer playing football go broke…  They’re doing exactly what I am strongly recommending you don’t do.  They are living off their winnings.  You want to get into a mindset of replenishing your wealth.  It will be easier to build more wealth once you have wealth.  Money begot money.  Money attracts money.

Breitling – Dinar Guru  I’ve gotten the weirdest hate mail with a capital H.  You people need to just suck it up.  I don’t care if it’s not what you want to hear…I’m just reporting what the policy in Iraq is and whether it’s pushing our speculation forward or not.  That’s all it is.  Nothing more than that.

Clare – Dinar Guru   Article:  “Central Bank Governor Participates in a Workshop Specialized in Electronic Payment”   Quote: “His Excellency the Governor of the Central Bank of Iraq, Mr. Ali Mohsen Al-Alaq, participated in a specialized workshop on accelerating the transition to electronic payment, sponsored by the Prime Minister, and organized by the Osool Foundation for Economic Development and Sustainable Development.“

Pimpy – Dinar Guru  Iraq is still treading forward.  I’m curious to hear the news about what’s going on with Alaq and what they find out because what they’re reporting is not all peaches and cream.  But apparently he is still there working so it can’t be all that bad IMO…

Militia Man – Dinar Guru  Why did Al-Sudani say to the world that the Iraqi dinar is stronger than the dollar?  Was he lying?  ...I don’t think he was.  We have to just wait and see how things progress because it wasn’t said just once, he said it more than once.  For a Prime Minister of a country to say something there was probably some reasoning for it, meaning behind it.  That’s his words not mine.

Militia Man – Dinar Guru  Did Alaq resign?  Answer, no.

Mountain Goat – Dinar Guru   My CBI contact said…that the GOI has not yet accepted his [Ali Al-Alaq] resignation and so it is not final…The news media ran off half cocked with the story… She said let’s wait and see what happens to Mr. Alaq.  If he stays, he has to agree to work with the Feds and the US Treasury and work out a satisfactory plan, then take it back the Finance Committee and explain it. He is scheduled for a trip to the US for this purpose very soon...  [Post 1 of 2….stay tuned]

Mountain Goat – Dinar Guru  She [CBI contact] thinks he will remain as the proxy director for a period more…  I believe he does…have   the best interest of the country in mind with his policies. He has talked about reviving the Iraqi dinar to 1980’s levels. This is what we all want as investors…Let’s see what happens. [Post 2 of 2]

Samson – Dinar Guru  Article: “Urgent: Central Bank Governor: No intention to reconsider dollar exchange rates, we are undergoing a major transformation“

Pimpy – Dinar Guru   Alaq, all kinds of crap coming out about him…Seems to me they were hip to what was going on damn near a year ago and this would explain whey there’s so many restrictions taking place with the Iraqi Bank as well as other banks in Iraq and why it is that the United States felt like they had to take up a whole entire floor inside the Central Bank of Iraq…

Jeff – Dinar Guru  Since Al-Alaq returned as the CBI governor I’ve always shared he would only remain until Iraq RVs.  Now they’re talking about forcing him into retirement!