Dinar Observer Daily

Mountain Goat – Dinar Guru    The new lower denominations that we are looking for are not yet in circulation. Other countries are not yet exchanging the dinar. There is no reason for them to be exchanging.

Clare – Dinar Guru  Article 1 “The Central Bank separates the work of the Deposit Insurance Company, the development of the payments system, and cooperation with major international banks”  Article: 2 “The Central Bank announces international cooperation with Iraqi banks”  GREAT ARTICLE!  The Central Bank announces international cooperation with Iraqi banks.

Breitling – Dinar Guru  Let’s talk about Iraq and the threat for Iraq to add value or not to add value.  Right now they’re making a ton of money.  They’re not worried about it.  It doesn’t mean they’ve shelved trying to be Swift compliant and trying to open up their markets to the west.  They’re still working on that right now.

Sandy Ingram – Dinar Guru  Article: “Law proposal includes financial aspects and $100 billion reserves expectations”  Iraq has never experienced or witnessed this type of growth before.  Iraq expects the currency reserves to reach 100 billion if oil prices remain high until the end of the year.  The technical advisor to the prime minister explained that this figure will support the stability of the Iraqi currency.  [Post 1 of 2]

Sandy Ingram – Dinar Guru  Here’s why this is important – someone within Parliament wants to implement a new law surrounding finances…it appears the white papers are 100% in effect and the foundation of Iraq is sealed.  It does not matter who the next president or prime minister is if the laws of the federal court are followed.  Iraq will grow financially regardless of the political environment. [Post 2 of 2]

Samson – Dinar Guru  Article 1:   “Al-Kazemi’s advisor : The financial surplus may reach 25 trillion dinars at the end of the year”  Quote: “…while noting that the inflation rate rose 10 times due to the change in the exchange rate.” Article 2:  “Oil pushes Iraq’s cash reserves to a historic high” Quote:  “The country’s reserves have reached the highest level achieved by the central bank since 2003,..gold reserves exceeded 130.4 tons, worth $7 billion, bringing Iraq to the thirtieth place globally and fourth in the Arab world…“

Pimpy – Dinar Guru  And the crowd goes wild!  Apparently a new lower denominated dinar is flying around the dinar community.  People are celebrating…If indeed the central bank was issuing five dinar bills well then that would mean the dinar exchange rate would have to be up there high enough to give us some type of value.  Who knows maybe…1 dinar for 1 U.S. dollar.  Maybe 2 U.S. dollars for 1 dinar…if a lower denomination was indeed issued then that would mean that a rate change is coming and that’s what everybody’s excited about... [Post 1 of 2]

Pimpy – Dinar Guru  Let’s take a look at it…this is a bill…As a collector this is exactly how I’d love to see it – Nice, flat, crisp, centered, no marks, no folds, nothing and a protector just like this.  But that’s just it.  It’s a collectable people.  This is from the 1980s.  This is not a new bill...(See eBay – Iraq P-70 5 dinars year 1980 Waterfall Uncirculated Banknote )…it’s a beautiful note.  I like the colors but sorry people that is not a new banknote... [Post 2 of 2]

Breitling – Dinar Guru   If you look at the news for the average person in Iraq it’s horrible for them because it’s back and forth between the Sunni and Shia.  But you and I are not watching what’s going on socially in Iraq.  That does not dictate how they’re going to expand their markets…

RVAlready – Dinar Guru  Interesting situation. Sounds more and more that UN will force an agreement for the good of Iraq.

Pimpy – Dinar Guru  Article:  “America reveals the meeting of 11 embassies to support Iraq”  This is the international community coming together to do what they can to squash the issue going on in Iraq.  I’m going to be curious to see who it is they support whether it is a Sadrist movement who…wants to make sure that the country is ran by the people.  Or are they going to support somebody like Maliki, a corrupt government, which is actually who the New World Order likes to have in power because they’re easy to control…

Clare – Dinar Guru  Article:  “A government advisor clarifies the possibility of submitting a law proposal that includes a financial aspect”  Quote:  “We expect the reserve to reach 100 billion if oil prices remain high until the end of the year,” explaining that “this figure will support the stability of the Iraqi currency.“

Nader – Dinar Guru  They know Kazemi and Saleh, they’re gonna stay in power at least for another year.

Samson – Dinar Guru  Articles:  1. “A major diplomatic meeting at the US Embassy in Baghdad…and revealed its goals”  2. “America reveals the meeting of 11 embassies to support Iraq”  Quote: “We support economic reform and a strong private sector that creates more job opportunities for the Iraqi people, more investment opportunities, and a prosperous Iraq,…”

Pimpy – Dinar Guru   Article:  “The governor of the Central Bank Discusses With The European Union The File of The Iraqi Economy”  Quote:  “The ambassador of the European Union praised the efforts of the central bank to remove Iraq from the European list of high-risk countries…”  So they’re still on the list and we will see articles from time to time in which Iraq is doing all the steps necessary to make sure they’re removed from the list…

Mountain Goat – Dinar Guru  So as foreign investors in the Iraqi dinar we sit and we wait to see what happens in the conclusion of this ongoing election saga. …you can clearly see that it is Nori al-Maliki who is keeping the issue of the president and the prime minister unresolved. He is the key to settling this election… He is the bottleneck…The World Bank tells us it is ready to support the reforms as in the White Paper. We know what this means but Iraq needs a government to do move ahead.

Nader – Dinar Guru  Next week they’ll come out and say, ‘Hey the reserve it’s at 90-95 billion now.‘  Be ready for that too.  The gold is going to go up by next week too…

Breitling – Dinar Guru  You’ve got to get it out of your head that there’s a group in Iraq somewhere that doesn’t want them to revalue their currency…which countries would not want Iraq to get into the Swift system?  That would be Russia and China.  So if there’s any negative news I haven’t seen any of it.  The dinar crowd is so small, Russia and China hasn’t put any effort or money into degrading Iraq’s chances…  

Sandy Ingram – Dinar Guru  Article:  “Governor of the Central Bank: The value of the dinar is stable and we are in the process or raising Iraq from high-risk countries”  This story was on the front page of a major news portal in Iraq…the bank is in the process of raising Iraq from high-risk countries according to the classification or the European Union…I am not sure what that statement means but…it looks like Iraq is sending a message…everything is okay…

Samson – Dinar Guru  Article:  “Central Bank Governor: The value of the dinar is stable, and we are in the process of raising Iraq from the high-risk countries”  Quote:  “...the bank is in the process of raising Iraq from the “high-risk” countries according to the European Union classification, pointing to maintaining the stability of the value of the dinar “significantly.“

Pimpy – Dinar Guru  Article:  “Iraqi gold reserves rise to 131 tons”  We’re seeing Iraq increase their gold holdings more and more.  This only strengthens the currency…it’s nice to see Iraq increase their reserves.  It’s nice to see Iraq increase their gold holdings.  Both do a great job of strengthening the Iraqi dinar so that when they finally go to make the exchange rate change they will be protected.

Sandy Ingram – Dinar Guru  Article:  “Roads, border jammed as millions of Iranian pilgrims head to Iraq”  We are learning that tourism is providing a vast amount of income for Iraq…

Samson – Dinar Guru  Article:   “The highest since 2003.. the Iraqi Central announces a rise in foreign reserves”  Quote:   “its foreign reserves have reached more than (85) billion US dollars, which is the highest level achieved by the Central Bank since 2003…Gold reserves also with the Central Bank exceeded (130.4) tons, with a value of (7) billion dollars, bringing Iraq to the thirtieth place globally and fourth in the Arab world.“

Nader – Dinar Guru  I don’t know if you saw the news this morning…they start exchanging money with the European countries.  That mean you can walk to France or Germany or Italy, any European country and exchange your dinar.  The bank in Europe soon will be accepting it.  If they come out with this news ‘we plan to develop something with European Union.’ That means they already did it and they’re just waiting for the execution…

Pimpy – Dinar Guru  Article:  “Kushner: Al-Abadi asked for US protection in exchange for money”    I don’t know how to even digest what is going said here…Kushner this is Donald Trump’s son-in-law…and advisor…”revealed in his memoirs Breaking History…they could get 20% of Iraq’s oil revenues in exchange for providing military support to Iraq but the Ministry of Foreign Affairs and Defense prevented that...” ….

Mountain Goat – Dinar Guru   On Wednesday…the Federal Supreme Court rejected, at its session, the lawsuit submitted by the Sadrist movement regarding the dissolution of the House of Representatives…It is good news…Basically, it is saying they threw the burden to the courts to decide…It will have to be the second constitutional means to dissolve it which is for Al-Kazemi and the president Saleh to do it. Why have they not yet done it? …I believe they were waiting for the court to render it decision first.  So, will they now act? We wait and see.

Pimpy – Dinar Guru  This is good news.  Article “Officially.. Iran is offering the Iraqi dinar in its local banks”  The more people to use the dinar the more there is a demand for it…this is good.  Think supply and demand…If you don’t get the supply to cover it then that means the currency goes up in value.  So far Iraq has done dang near everything it needed to do to increase the exchange rate of the Iraqi dinar with the exception of having a stable government and a stable economy and avoiding uprisings.

Militiaman – Dinar Guru  Article “Kurdistan Retirement releases salaries online next week”  They are waiting on an agreement with the banks for a specific mechanism to distribute salaries on the 12th of this month.. Interesting way of putting it. “Specific Mechanism ” They will have it all sorted electronically and on the new system.

Breitling – Dinar Guru  This investment hasn’t gone negative.  It hasn’t gone south…your feelings aren’t a reality.  The reality is Iraq is moving forward and they’re going to add value to their currency.  What moment?  What day?  We can only speculate.  But don’t go down that rabbit hole of, ‘It’s never going to happen.‘  It’s garbage.  It’s bull crap.  [Post 1 of 2]

Breitling – Dinar Guru   I don’t see any articles anywhere from the CBI, those are the ones who manage the Iraq currency, that they are not going to add value to their currency.  I have not seen one single article, one word come out of the CBI [saying that]…They’re always talking about how they’re going add value to their currency.  [Post 2 of 2]