Dinar Observer Daily

Paulette – Dinar Guru  Some of the confusion I believe is in terminology…Parliament and the “government” are two totally separate and distinct entities.  The members of the GOI do not attend Parliament unless requested to do so by Parliament and the members of Parliament never attend sessions of the GOI.

BobTheTaxMan – Dinar Guru  …Exchanging the IQD in a high amount is going to be a costly event…to give up half of it just because you want to panic isn’t good thinking at all…they do want to add an extra 3% tax on anybody who cashes in more than a million.  Any funds and properties you acquire could be exposed to estate taxes on your passing.  That’s the nasty part.  Determining a plan before the revaluation could literally save you millions in taxes.  It could provide you a lifetime of income and offer potential tax-free exchange…

Pimpy – Dinar Guru   [Pessimistic Comments about the dinar] ‘it’s a scam.’  ‘It’s a ripoff.’  It’s a currency.  The currency doesn’t rip people off.  There are people out there using the dinar to rip people off.  There’s a huge difference…

Tivon – Dinar Guru   Comex 589, Basel 3 Compliant, ISO-20022 – These three things should always be the deciding factor as to who you decide to bank with. I don’t care about the title or name of the bank. If they are not operating within those parameters then you should not put your money in any of those banks…Then…from there – How much insurance can they cover…Then…interest… Remember banks can be foreclosed on too.

MilitiaMan – Dinar Guru   Community comment “Thought the EFSL was going to help…Iraq better get a move on, I don’t see a new exchange rate in the near future based on Iraq’s and the world’s news of what’s happening there,”   I am not sure what news globally, regionally and or even locally that makes you feel that there is to much going on for this not to happen anytime soon. I don’t see anything that would suggest that Sadr and Kahdimi don’t have the Citizens in mind and their needs met in a hurry.  They clearly do…my view is different in that what we are witnessing is that there is a battle between the CF and Sadrists.. That battle is coming to a head and fast.

Samson – Dinar Guru  Article:  “A European country is planning to reopen its embassy in Baghdad for the first time in 30 years”  Quote “Austria plans to reopen its closed embassy in Baghdad by next September.”

Paulette – Dinar Guru  The underlying fundamentals are sound...we should all be very happy and content that this will happen as we hope and expect.  It is also apparent that we very likely can see a change relatively soon…soon may be a week away, a month away or a few months away.  IMO, it just isn’t to be expected until the process plays out where the International Community sees Iraq as having obtained security and stability.  This could happen quickly but is not likely within the next few hours or days…

Pimpy – Dinar Guru   I never said the Iraqi dinar exchange rate wasn’t going to change.  It is going to change.  I’m the one that said it’s not going to happen overnight.   It’s not going be a reinstatement of the old rate.  I’m the one that said it’s going to be done in increments…

(Opinion only)

Kaperoni – Dinar Guru  The options for the Iraqi dinar are a LOP and a float. The later being the preferred but until the conditions are appropriate where they pass laws, remove corruption and diversify their economy it won’t happen.

(Opinion only)

Clare – Dinar Guru  Article:  “Al-Hanana: There is no meeting between Al-Sadr and Al-Amiri except under conditions, one of which is a “live broadcast“

Sandy Ingram – Dinar Guru  Article:  “Central Bank of Iraq reserves return to levels before ISIS war”  The CBI announced that its cash reserves rose to $82 billion which is the level prior to the ISIS war and advanced 10 ranks in the list of countries with the largest gold reserves in the world with 130 tons.  These factors play a huge part in a country’s foreign currency exchange rate…

Samson – Dinar Guru   Article: “Commencement of construction of the “tallest” residential tower in Iraq ”  Quote: “This project will be completed within four years, and its length is 210 meters, which is the longest in Iraq and includes 52 floors”

Tivon – Dinar Guru   I am 100% excited about August 15th.  Why?  Because for the first time in this investment all banks in Iraq will be ready for the new rate. Al-Kazemi could announce on that date or afterwards…Then the next day the CBI can reinstate the currency…Or it can all happen at once within hours. Regardless the sequence can happen in a consecutive fashion or a concurrent manner.  I am good either way…

Pimpy – Dinar Guru  There is some good news.  Article: “The Central Bank Announces An increase In Its Cash Reserves To 82 Billion Dollars”  I’m curious to see how high they can get this sucker pumped up.  If they keep going at this rate by the end of next year do you realize they’ll be over $115 billion? …you want to talk about doing all the right things…to strengthen the dinar, this is it….If we could just get the government going and stability in the economy man we would be well on our way to increasing the value of the Iraqi dinar…

Tivon – Dinar Guru  …The dissolution by default will activate Al-Kazemi…He will officially hold all power to activate reforms at anytime he sees fit. So it doesn’t matter if he does it before or after the 15th…all banks will be ready for the new digital platform by that date...he already told the citizens…that the citizens will have their demands met in days…They are waiting for Al-Kazemi…Let this guy bring it home for us.  We don’t need the UN, IMF, AMF, World Bank, CBI, or US Treasury to tell us that. You should be ready regardless. On the 15th and afterwards. Imo

Nader – Dinar Guru  The bank came out today with news.  Says the reserve amount of dollars is $82 billion.  This it says by the end of the years would be 95-99 but you’ll see it’s going to come out $100-110 billion.  Then they talk about gold.  They got 130 tons of gold making him the 30th in the world and the number 10 in the Arab world...

Militiaman – Dinar Guru   …This weekend may see some very interesting things happen. Let pray they are in line with peace, security and stability to allow the them to give the best rewards to the people…

Samson – Dinar Guru  Article:  “The Central Bank: The cash reserve rose to 82 billion dollars“.  Quote:  “Iraq also advanced 10 ranks in the table of countries with the most gold, becoming the thirtieth in the world and fourth in the Arab world, as its total possessions exceeded 130 tons, “

Tivon – Dinar Guru  …Next three days are the focus...

Mountain Goat – Dinar Guru    …Be patient, it is coming. I know for a FACT the CBI has been planning the change over of currency to the lower denoms for a long time. This will lead to the reinstatement. So hang in… I can not project a date but I know the CBI is looking at January 2023 and not before.

Nader – Dinar Guru  …Yesterday article where it says there’s no plan to float the Iraqi dinar.  I disagree with him… they have no choice…The IMF are not gonna let him do that…These people want some money and for them to make money the dinar have to float or have to change…it’s good for the economy…

BGG ~ What a strange thing for them to say, at an odd time? When was the last time anyone over there told the truth? So to immediately assume this is fact is probably silly. In fact, these days, if our own government said something like this, I would automatically assume they were lying. Let’s start there…

Tivon – Dinar Guru   Article:  “Al-Sadr asks the judiciary to dissolve the Iraqi parliament and the President of the Republic to set a date for the elections”  Al-Sadr – [I] didn’t hold him in high regard…But as you can see he is directly aiding in the resurrection of the phrase “Power To The People“...I cannot wait for the coming days ahead. We all know where this is going. The only thing left to do is the obvious. Citizens Entitlements...Right now we are at where we want to be…There is no reason to jump ship and assume the worst for any conceivable outlook that this is about to come to a conclusion.

Samson – Dinar Guru  Article:  “Iraqi Oil Production Rises To 4.584 Million Barrels Per Day In July“

Clare – Dinar Guru  Article: “Government official: Iraq is not thinking of floating the currency at the moment”   THIS IS A DISINFORMATION PIECE, IMO … THE OFFICIAL IS NOT EVEN NAMED…  “The official, who asked not to be named,“

Sandy Ingram – Dinar Guru  Really good news – Article: “Iraq’s oil  revenues during the first half of 2022 exceeded $60 bln”  The country expects to increase oil exports by 2 million barrels per day in 2023.  Iraq is doing it’s thing when it comes to oil…

Pimpy – Dinar Guru  Could civil war happen [In Iraq]?  It looks like Sadr is pretty serious about what’s going on.   Although he’s not said it outright he has made it perfectly clear that he’s ready to take things to the next level…at this rate it’s closer to civil war than people think…

Kaperoni – Dinar Guru   There is an article that came out today that says Iraq is not planning to float the currency. This title is misleading…When you read the actual article it says that they can’t float the currency without diversifying the economy. And the question I ask you is what has Iraq been saying for the past 3 years that they’re trying to do? That’s correct they’re trying to diversify their economy.

Pimpy – Dinar Guru  Article: “Government official:  Iraq is not thinking of floating the currency at the moment”  They’re sure doing a lot of talking about what they want to do with the Iraq dinar.  If I didn’t know any better, if we didn’t have an issue establishing the government and getting the budget out we’d be a whole lot closer to the rate change happening with the Iraqi dinar…What’s going on in Iraq is upsetting.  This deadlock with forming a government is stifling the growth and potential of the Iraqi dinar.

Tivon – Dinar Guru  Article: “Government official: Iraq is not thinking of floating the currency at the moment”  The government is not thinking of floating the currency in light of every conceivable reason to do exactly that for the same reasons they said it’s not feasible?  …They [Iraqi citizens] were already told by the CBI and their news media to expect their currency to float soon…

Mountain Goat – Dinar Guru  So, how many times must Iraq tell us that the only entity that has the power to change the currency exchange rate is within the coordination of the CBI and the Finance ministry. The cabinet DOES NOT have the power to change the exchange rate, EVER!