Dinar Observer Daily

Militia Man – Dinar Guru  Article: “THE PARLIAMENTARY FINANCE COMMITTEE PROPOSES PRINTING MONEY TO SECURE SALARIES INSTEAD OF RAISING THE EXCHANGE RATE”  This shows the political temperature around the salary bill is high. Some prefer the short-
term liquidity tool of printing over an exchange-rate step…Printing more dinars…is a short-term monetary expansion and carries inflation risk. A coordinated rate adjustment…would implement a REER-style realignment of the dinar...The pressure is real and the debate is quite active.

Stephen – Dinar Guru  You might not know this but Kuwait invalidated huge quantities of stolen currency.  Many holders of the stolen notes discovered they couldn’t exchange them.  Imagine smuggling millions or billions of dinar…and you go to turn it in and it’s like, nope, it’s null and void.  The Kuwaiti government refused reimbursement for certain serial number ranges tied to the theft…A lot of people talk about the large money supply in Iraq as being the argument against a possible Iraqi dinar revaluation…I would argue to say the amount of Iraqi dinar smuggled and stolen from the central bank over the last 23 years…far outweighs the amount that international investors currently hold.  Is Iraq going to put something similar in place comparable to what Kuwait did in the early ’90s to make a lot of that stolen currency is null and void?  …That would greatly reduce the money supply in a split second.

Samson – Dinar Guru   Article:  “THE TOTAL AMOUNT OF PRINTED CURRENCY IN IRAQ IS 113 TRILLION DINARS, AND 94% OF IT IS
OUTSIDE THE BANKS”

Jeff – Dinar Guru    Article quote: “Iraq has experienced a shortage of dinar liquidity making it increasingly difficult for the government to finance public sector salaries and operational expenditures.”  This news right here to me suggests the rate is most likely going to change in this month of August.  They can’t go months without paying the salaries.  They can’t.

Mountain Goat – Dinar Guru  …remember…the President Trump administration’s plan to turn the middle east around to a peaceful place…Article: “AN AMERICAN PLOY TO IMPLEMENT THE NEW MIDDLE EAST PROJECT… WILL IRAQ SWALLOW THE BAIT?”  We can already begin to see serious groundwork being laid for this reality to happen.  This article…is telling us without any reservations that Iraq is part of the bigger plan and will be a direct player in this Trump plan. But Trump will also need the cooperation of the Iraq officials to be successful. Folks we can already see the RV taking shape with Al-Sheikh’s plan and the intent behind it… my CBI contact told me they would begin a campaign once again to educate the citizens of the process to swap out their currency to a new set. It is coming…Trump will need the IQD back on FOREX for his plan. 

Stephen – Dinar Guru  Let’s start preparing.  Let’s start thinking in terms of, if the dinar happens tomorrow, am I prepared?  Do I have all my ducks in a row?  Am I financially responsible to handle an amount of wealth I’ve never handled before?  You need to start thinking through that because when the revaluation happens a lot of people are going to be extremely emotional.  You’re not going to know what to do.  You’re probably going to end up making mistakes and doing things that looking back you’re going to regret.  Start having a plan, start putting things together, start thinking through the process...

Jeff – Dinar Guru  Question: “Is there any connection between Iraq’s currency revelation rumors and the US Digital Asset Market Clarity Act?”  Jeff:  No.  The Clarity Act has nothing to do with Iraq or the revaluation.  That’s a law to the United States.  Forget about the Clarity Act..

Kaperoni – Dinar Guru    The Iraqi dinar is not a lotto ticket. It’s a real currency that follows sound principles guided by organizations such as the World Bank, IMF, and most recently the US Treasury…Currencies are managed by their central banks and in the case of Iraq they’re currently on a fixed peg exchange rate regime which won’t be appropriate as their economy diversifies. It is expected that they will move to some type of float allowing the dinar to gradually appreciate incrementally as their own economy begins to prosper and diversify. All of this takes significant time.  Be assured, it won’t be a random act.

Clare – Dinar Guru  Article:  “Exclusive: America stipulates the dismantling of factions in exchange for releasing $30 billion of ‘Saddam’s
money‘ ” Quote:  “Washington had previously promised to release this financial guarantee, and action was supposed to be taken on it during Prime Minister Ali al-Zaidi’s visit to Washington. However, the US administration did not instruct Congress to approve the disbursement of the suspended financial guarantee, which is estimated at $30 billion.”

Sandy Ingram – Dinar Guru  Important news coming out of the Central Bank of Iraq.  Iraq is making steps to rejoin the global banking system.  We know, as investors, there will be little to no currency adjustment until Iraq’s banks are able to communicate with banks worldwide, internationally.  Before 1990 Iraqi banks were part of the global financial system.  Then  Saddam.. attacked Kuwait and Iraq was placed under sanctions…Now, when they went back to rejoin, they found out they couldn’t because high-tech had changed the landscape of banks worldwide.  Iraq needs to do some serious upgrades…Iraq is now openly talking about the steps they are making to rejoin the international banks…The US Treasury is directly involved.  This may be the most significant part…

Reset Intelligence – Dinar Guru  Iraq’s smallest banknotes have vanished from the market stalls. Baghdad sent its top financial advisor on TV to explain why.  He is the same official who wrote the plan to replace them with coins, 15 years ago. Newsflash…Coins only exist where the smallest unit of a currency is worth something. The IQD at today’s rate does not justify a single coin press. So what is Baghdad preparing?

Samson – Dinar Guru  Article: “IRAQI PRIVATE BANKS ARE FACING INCREASING PRESSURE TO MEET THE REQUIREMENTS OF THE US FEDERAL RESERVE AND HAVE SANCTIONS LIFTED“

Stephen – Dinar Guru  There are no “tiers” getting paid out.  No one is getting paid out before anyone else.  When the dinar value changes, it is going to change simultaneously for everyone.  No one is getting paid first.  No one is on a special list.  No one is getting an “800 number”…The dinar is showing on Forex at a certain rate, guys, it’s not true…

Jeff – Dinar Guru  Question: “How does [dropping the zeros] give [Iraqi citizens] purchasing power?” Jeff:  A 25 note, the smaller notes, could buy the same amount as the larger notes.  In other words, you can do more with less.

Jeff – Dinar Guru  Question:  “Why is it so hard to find a bank as of right now to take IQD?”  Because Iraq is under OFAC sanctions.  You have to go to brokers…Maybe CitiBank and I’ve heard of maybe one other bank right now that sell Iraqi dinar, but most of the basic large banks in the United States do not exchange the Iraqi dinar because they are under US OFAC sanctions.  Do not go into banks asking them about the Iraqi dinar.  They’re going to kindly tell you to exit their facility and get out.  It’s a waste of your time.  Don’t do it.

Stephen – Dinar Guru   At the end of the day…you’re responsible for your own decisions…If you take advice from the wrong people and you lose it all, you’re going to have no one to blame but yourself…

Sandy Ingram – Dinar Guru  Iraq continues to implement banking reforms, expand non-oil revenues and improve its financial system.  While no official currency adjustment has been announced investors are watching closely for continued economic reforms and any announcements.

Reset Intelligence – Dinar Guru   Do Baghdad’s two empty [cabinet] chairs get filled first with the Iraqi militias disarming after or do the weapons go first and the cabinet forms behind them?  Gaza runs one way the armed movement hands over its weapons under supervision and only then does a new government step onto the ground it leaves.  The weapons go first and authority follows.  Our read is that Baghdad runs in that same order and the two chairs stay empty for exactly this reason.  Nobody is handed Interior and Defense, the seats that decide who commands Iraq’s guns until it is settled whose guns still exist.  The disarmament is not the obstacle standing in front of the cabinet it is the thing that has to clear before the Iraqi cabinet can mean anything at all.

Samson – Dinar Guru  Article:  “WASHINGTON BEGINS WITHDRAWING ITS LAST TROOPS FROM IRAQ AND KURDISTAN, ENDING ITS MILITARY PRESENCE“

Jeff – Dinar Guru    Article:  “Will the the federal government Remove Three Zeros from the Iraqi Dinar?”  The perception of that goes two directions:  You have what’s going to happen inside Iraq and outside of Iraq…They say in the article two currencies will exist together at the same value.  A 25,000 note and a 25 note existing together at the same value.  If the value of [a dinar] against the dollar is $3.00…The multiplier is three because it’s a $3.00 value.  25,000 becomes $75,000.  25 becomes $75.  That’s outside Iraq.   Inside Iraq…you have what dinar could purchase before the rate change and what dinar could purchase after the rate changes.  Before the rate change a 25,000 dinar note could buy a bag of groceries.  After the rate change, the 25 note could buy that same bag of groceries…This article is telling you a redenomination is going to occur…in country, not outside the country…

Stephen – Dinar Guru   Everything is hinging on the Central Bank of Iraq changing the rate.  That’s what we’re all speculating and hoping for.  If there are deadlines or compliance deadlines they are trying to get finalized that’s a big tell for something coming in the near future.  Article:  “Iraqi banks accelerate US compliance measures”  The US Treasury and Central Bank are working in accordance with each other to get these compliance measures finalized…It’s reported that Iraqi bank employees are working 12 hours days to meet certain deadlines. Quote: “Iraq private banks are in an all out sprint to meet new compliance requirements set by the Central Bank of Iraq and the US Treasury.”  Iraqi banks are up against tight deadlines which is good for us…I’m excited from everything I’m seeing.

Jeff – Dinar Guru  Going back to the 60’s the value of Iraq’s currency has always been $3+ and slightly above Kuwait’s currency…Kuwait’s currency value today is at $3.22…Historically Iraq has always been above Kuwait slightly. 

Stephen – Dinar Guru   I don’t think there’s a date on the calendar that says the dinar is going to revalue on this specific date.  I think it’s a moving timeline and certain things have to get done for that event to happen.  I believe we are  closer than ever.  Do I believe August could be the month?  Absolutely.  But we simply don’t know…Let’s be calm, patient,  grounded…I know it’s exciting…Be positive, filled with expectancy but remain grounded and level-headed…  

Kaperoni – Dinar Guru  If Iraq is ever going to increase the value of the dinar it has to be done gradually over time so that they can remove the currency that’s in circulation. This process would allow it to gradually rise based on the economic  growth and success of their own economy. That is a real possibility, but it would take months, years to achieve any significant  appreciation in the value.

Sandy Ingram – Dinar Guru  In 1980 the Zimbabwe dollar ZWD was introduced.  Zimbabwe become independent from Britain.  The Zimbabwe dollar replaced the Rhodesian dollar.  It was stronger than the US dollar – approximate value 1 ZWD = $1.47 …Iraq as never been in the position Zimbabwe has been in.  Zimbabwe doesn’t have billions of dollars of oil revenue each month…Iraq is so much more.  Its economy is more stable than Zimbabwe has ever been.  Yet Zimbabwe is presenting 1 ZIG = $.036 after falling in a deep hole of economic depression…Today the ZIG is more stable but the US dollar remains widely used in the country…In Zimbabwe they were given 3 weeks to exchange the old ZIM currency for the new ZIG currency which is backed by gold.

Jeff – Dinar Guru    What brought the value of the dinar down?  It was Iraq getting placed under US sanctions.  US OFAC sanctions very simply brought the value down.  What happens when you take the sanctions off?  It reinstates back to where it was.  In ’03 sanctions devalued it from $3.22 so when you take the sanctions off it should put it right back up again…

Stephen – Dinar Guru  The most important thing you need to worry about and the most important thing you need to do once the revaluation happens is get your [USD] money in your [bank] account.  Get your dinar exchanged.  The most important thing you need to do is just go to a bank.  Make sure you’re going to the right bank and the right branch…You have to be wise..

Jeff – Dinar Guru   Trump made two statements [back in his first term].  1. They need to pay us.   2. We have 35 billion of their money… How could we have $35 billion worth of their money and still not be paid?  It’s because he was secretly referencing the Iraq dinar…The Iraqi dinar has no value…

Stephen – Dinar Guru   If the dinar revalues at $1.00 wouldn’t all the Iraqi citizens become millionaires?  …It’s a very valid question to ask...A change in the exchange rate doesn’t automatically create new wealth for everyone in Iraq.  It changes the value of the currency relative to other currencies…Their purchasing power increases but they don’t automatically  become an overnight millionaire because the cost of living, cost of goods, everything is adjusted in accordance with the new exchange rate…Foreign investors like us are in a different position…If the exchange rate becomes much stronger…then the investor can realize a significant gain when converting back into US dollars.  An Iraqi citizen is different because they already earn, spend, and save mostly in Iraqi dinar.  Their daily expenses and cost of living is also in Iraq dinar.  They’re not making the same type of foreign exchange trade that we are.

Kaperoni – Dinar Guru  Question: “Before the Iraq war, their exchange rate was $3.22 based almost solely on oil production. Add 20 years inflation, all seized corruption dinars destroyed, plus 40% new non-oil revenues. Why can’t IQD revalue near $5?”  Because in the 80s, 90s Iraq’s money supply was in the billions. They started printing more currency in the late 90s and hyper inflation set in, the dinar tanked to 3000 to $1.  Currently, there’s over 100 trillion new dinar in circulation so there can’t be a significant RV.