Dinar Observer Daily

Dinar Investor – Jeff  The elections are the linchpin to all their remaining economic steps and movements including the rate change…These elections were a reform step, which is exactly what the rate change has been waiting on throughout this entire year.

Militia Man – Dinar Guru  Since November of last year they have been working to do what?  Get rid of the parallel market.  And how are they doing that?  They’re populating banks with many other currencies.  They’re doing all those things that are necessary to do what?  Be article VIII compliant, to have a single currency, not a dual currency country.  They’re getting rid of multi-currency practices.

RVAlready – Dinar Guru  …if Iraq wants to pay out the 2023 budget between now and Jan 1, they need to RV their currency.

BGG ~ So wait a sec… what’s so different about this budget (and this short period of time – leading up to Jan 1st) and every other budget year in Iraq since, like, 2006 or so?? Really??

Mountain Goat – Dinar Guru  … We can clearly see that Iraq is moving to the normalization of how to do business with other countries and moving out of the sanctioned way of doing business with the world. They are already doing INTERNATIONAL. It is happening right now…Folks, I can not emphasize enough just how good all this news is today. WOW, WOW WOW!

Pimpy – Dinar Guru    Article:  “Launch of the third annual scientific conference on economic challenges and reform in Iraq”  This part is very interesting to me.  Quote:  “Restructuring the general budget”  Why would they have to restructure the general budget unless there’s about to be some changes made.    I don’t want to get all crazy and make assumptions that it has something to do with the change in the exchange rate but I find this very interesting.  Like I said, if they’re going to ever change the exchange rate they usually do it at the end of the year or the beginning of the year so everybody could do what?  Restructure their budgets for the year...I do find this interesting…my ears are perking…what do you got going on over there Iraq?

Militia Man – Dinar Guru  People need to know what they own.  I feel what we’re presenting to everybody is the ability to have a better understanding and know what you own…It’s going to be really important because you’re going to know the consequences…This is a complex event.  It’s going to be a complex event.  They’ve proven it to us that there’s so much more than just flipping the switch.  You can’t just think basic. You got to remember ...it’s not their job to tell you everything…Understand what you own.  The Iraqi dinar should not be taken lightly.

Dinar Investor – Jeff  The elections are the lynch-pin to the rate change.  That’s what we’ve waited on this entire year to even get to the point of being eligible to change the rate…Remember, it was the central bank’s absolute minimum requirement to have and hold these elections.  Or really to remove corruption.  The most effective fastest way to remove corruption is through elections and that’s what you’re witnessing…

Kaperoni – Dinar Guru   A country’s exchange rate is the result of the success and growth of their own economy. When you have a weak economy, you have a weak exchange rate. Until Iraq passes laws, diversifies their economy and increases their GDP, nothing will happen with the dinar.  When Iraq passed their tripartite  3 year budget a few months back, it created the conditions for them to diversify and privatize their economy over the next three years.  Now Iraq is on the clock to accomplish such.

Pimpy – Dinar Guru  What the IMF is saying is really good.  But, no, the exchange rate isn’t going change tomorrow.  It’s just another step in the right direction for Iraq…

Nader – Dinar Guru  Everybody’s asking me what’s going on.  What’s the news.  The news, you will see it on the 1st of January – what exactly is going on.  They already gave you a date.  I told you the 1st of January we’ll be out of the dollar.  We will not work with the dollar anymore in Iraq.

BGG ~ This isn’t a great characterization… it will supposedly be illegal to use USD for commercial and GOI transactions. It is yet to be seen how they enforce this overall though. A better definition might be; this is one more step in the right direction – as opposed to “this is the end-point of THE JOURNEY”…

Pimpy – Dinar Guru  Iraq is still taking the steps necessary to stabilize their economy, stabilize their currency, give value and strength to the Iraqi dinar.

Militia Man – Dinar   They’re talking about reducing Iraq’s dependence on oil.  Dependence on oil is going to go away because they have non oil related products…services…and sectors.  That’s going to be from the taxes and tariffs at the borders, imports, exports, natural resources.  They’re going to have other than just oil.  They’re going to have other circumstances…They’re talking about 350 million ton of sulfur…They’re trying to achieve sustainability for the private sector…

Pimpy – Dinar Guru  Question: “Is Iraq part of any currency basket?”  No…They have not been invited to be part of any currency basket.  Iraq is part of the currency basket that makes up the Arab accounting dinar but that’s local, regional…There are no other currency baskets, I mean zero, that Iraq is part of at all.  Nothing in trade.  Nothing in business.  Nothing internationally.  They don’t have a stable currency.

Samson – Dinar Guru  Article: “Al-Sudani congratulates the winners of the local elections and invites them to interact with his government’s plans“

Pimpy – Dinar Guru  Article: “IMF expresses optimism about non-oil financial growth in Iraq”  This is a major must for Iraq.  They need… non-oil financial growth…They can’t get to this fast enough.  They can’t get this to grow quick enough.  The fact they rely so much on oil is going to hurt them instead of benefit them…If oil prices fall, they’re back to square one and they’ll start devaluing the Iraqi dinar if they can’t find alternative to generate revenue for the state.

Dinar Investor – Jeff   The reforms are absolutely waiting on the rate change to implement.  They can’t implement the reforms without changing the rate.  They’re telling you the rate change itself is very clearly waiting and has been waiting this  entire year on these [provincial] elections…

Sandy Ingram – Dinar Guru   Article:  “Iraq links Baghdad US embassy attackers to security services”  The attacks against US forces have continued.  The Iraqi government said several people who are alleged to have attacked the US embassy in Iraq last week have links to the country security services…

Militia Man – Dinar Guru   Everybody knows Iraq is about to go International and they’re going to have a digital transformation…When they have this investment budget and they start spending…Iraq is going to be filthy rich with revenue streams from the electronic borders, agriculture, tourism… mining, sulfur, phosphates…they’re going to have revenue like no other.  There isn’t anything else like it, in my lifetime, that I can see is going to trump Iraq… Don’t forget…Iraq has a massive amount of hydrogen for clean energy…nobody else is talking about it...The amount of money and revenue streams Iraq is going to have is almost incomprehensible…It really is intense on how much money these guys are going to make on a regular basis.

Pimpy – Dinar Guru  I get it there are people out there telling you it’s going to happen overnight because they have an electric payment system.  No, no they’re not going to change your exchange rate just because of the electronic payment system.   The electronic payment system will help influence it once it’s up and fully implemented but it has nothing to do with being reinstated.  It’ll keep increasing in increments just like I said…

Dinar Investor – Jeff  Since October of last year [Iraq’s Federal elections] they have been setting the economic stage for the rate change… They’re done setting the economic stage. They don’t have any more economic steps to do.  That’s why they’re finishing the very last step of removing and cleaning up corruption at the second half of the government – The provincial level.

Clare – Dinar Guru  Article: “Election Commission: The preliminary results will be announced this evening, and we will conduct a manual count in front of everyone“

Wolverine – Dinar Guru   “I received a call on Sat. 16 Dec. from a very high source.  All I can say is that Christmas is coming and we are going to have a very good Christmas.

BGG – Complete B.S.

Militia Man – Dinar Guru  Article quote: “…Iraq today is at the highest level of foreign receivers in the financial history…”  They’ve made changes to the issue of dealing with foreign currency.  We all know what they have been doing…currency swaps.  They’ve been populating corresponding banks with currency.  They didn’t say if it’s triple zero notes or if it’s small category notes but they said they’ve been populating countries with foreign currency.  I think it’s pretty exciting.

Samson – Dinar Guru  Article:   “Advisor to the Prime Minister: Iraq today has the highest levels of foreign reserves in its financial history”

Sandy Ingram – Dinar Guru   Article: “Iraqi council elections: Almost 17 million voters head to polls on Monday”  Iraqis have begun voting for the first time in a decade to select new provincial council members who in turn will appoint governors...results are expected to be announced on Tuesday.  

Dinar Investor – Jeff   Today on Monday Iraq is holding their elections.  What does this mean to us?  According to Iraq’s Central Bank removing corruption is the absolute minimum requirement for Iraq to be eligible to revalue their currency...These are the provincial level elections.  It’s the second half of the government.  They already completed and held all their federal elections in October of last year…These elections are critical to the country to move it forward…

Clare – Dinar Guru  Article:  “Chairman of the Board of Commissioners: The electoral process is proceeding smoothly, and the voting machines will stop at six in the evening“

Militia Man – Dinar Guru  World Bank Article…the part here I like the most:  “...an expected influx of imports driven by the dinar revaluation and the significant increase in government expenditures…”  If you think about this for a minute if they give the citizens purchasing power are they not going to drive up an influx of imports because everybody has a little bit more money to maybe buy a new car, carpets, paint their house, build an addition to their home.  They’re going to have that extra money for those kids…The World Bank has an expectation of influx of imports due to what?  ‘…Driven by the dinar revaluation…‘

Pimpy – Dinar Guru  Question:  “Are there steps Iraq can take to have the $3.22 rate reinstated?”  Yes.  I’m not saying that they can do it…I’m not saying it’s not going to increase in value, I’m saying it’s just not going to happen overnight.  We’re going to see it continue to increase in increments.  Just give it time.  You’re going to start seeing it jump up and just hold on to your dinar.

Kaperoni – Dinar Guru   If Iraq is ever going to raise the value of the dinar there are several things that need to occur first of which requires Iraq to diversify their economy away from oil. To create a private sector, employ their citizens and begin to manufacture, create agriculture etc.  This is an absolute requirement to be self-sufficient. Currently, Iraq Imports about 90% of the goods they need.