Dinar Observer Daily

Pimpy – Dinar Guru  There seems to be a lot of stalling happening when it comes to the budget and I’m wondering if they’re just waiting to see what the United States is going to do as far as the Central Bank Digital Currency is concerned.  Are they just waiting for the United States to move into the CBDC?  Because if they’re supposed to be the currency that they use then guess who else has to go into the CBDC’s.  Everybody else over there…

CANDYKISSES – Guest Guru   TODAY IS A HOLIDAY IN IRAQ…”Iraq suspends official working hours on Monday on the occasion of Labor Day … The Iraqi Prime Minister, Muhammad Shia’a Al-Sudani, directed the suspension of official working hours on Monday, May 1, coinciding with International Workers’ Day.“

Clare – Dinar Guru  Question:  “Are they saying the vote before or after their vacation?” Clare Answer:  PARLIAMENT EXTENDED THE SESSION.. IT WAS SUPPOSED TO END ON MAY 9TH… BUT NOW  PARLIAMENT HAS TO KEEP WORKING UNTIL THE BUDGET IS PASSED.  HOPEFULLY THAT GIVES THEM INCENTIVE TO HURRY UP & SCHEDULE THE 3RD VOTE.  BUT THEY ARE DEFINITELY WORKING ON THE NUMBERS.  Question: “But we’ve been told/lead to believe, that the BUDGET WAS DONE?” Clare Answer:   IT IS DONE … THEY HAVE TO GO THROUGH THE FORMALITIES IMO ONLY.  THEY’VE HAD TWO READINGS ALREADY…

Militia Man – Dinar Guru  They’re saying the dollar is going to continuously decline because of this new budget.  So prior to that new budget which is expected in the coming days, we should see something happen that could be in our best interest…

Docmagee94 – Guest Guru  Here is a partial list of the Strongest Currencies in the world right now, and their value to USD.  Enjoy the top 4 if you will: 1. Kuwati Dinar – 1 KWD = 3.26 USD. 2. Bahraini Dinar – 1 BHD = 2.65 USD. 3. Omani Rial – 1 OMR = 2.60 USD. 4. Jordanian Dinar – 1 JOD = 1.41 USD.  IMO, Iraqi Dinar could soon be in the top 10, if not top 5, most valuable currencies in the world.  And what do they all have in common?  Backed by assets.

Paulette – Dinar Guru  I have watched the Market Rate for almost 15 years.  IMF Article 8 compliance requires no Multi Currency Practice.  A Market Rate of greater than 2% constitutes a Multi Currency Practice according to IMF Article 8.  Bottom Line, Iraq cannot be compliant with Article 8 requirements if the Market Rate exceeds 2% of the Official Rate.  The new verbiage of “Parallel Rate” has made this seem as a new issue …Saleh has now stated this twice recently.  The real question is how long must they maintain the 2%…90 days.  I never saw this printed in Article 8….  Considering all we are being told, I don’t accept the 90 day theory.

Clare – Dinar Guru  Article:  “The value of the dinar in the parallel market increased by 5% since the beginning of the month”  Quote: “The Governor of the Central Bank, Ali Al-Alaq, said earlier this month that the central bank is on alert to restore the exchange rate of the dollar to its normal position…“

Militia Man – Dinar Guru  I suggest if in fact they do what they say they’re going to do, ‘We’re going to do it soon’, ‘We’re going to do it in weeks’, ‘We’re going to do it in days’, ‘We’re going to do it now’, ‘We’re going to do 1.5 times.’  By that equation that Al-Sudani is giving you, not me…if that holds true what they’ve done is they have adjusted the rate again to squeeze the black market…

Yada – Dinar Guru   The parallel rate…is the rate that the street operated at. For a long time, the street rate charged higher rates for dollars that were purchased by dinar. The CBI rate is the official rate and there was a variance between the two.  Since the official currency in Iraq is now the dollar [dinar ?] and illegal to use dollars, the street vendors are forced to play fair or use the same rate as the CBI…the parallel rate is flattened in Kurdistan whom always operated at a higher standard than Baghdad.   Now the rate will go international and that is what we’ve been awaiting

Frank26 – Dinar Guru  Article: “It is imminent.. a major disaster befalls the dollar“…

Deepwoodz – Dinar Guru 1320 does not help the citizens. Neither does anything closely resembling 1320, 1190, 1160, or even 1000. Nor do any of these numbers inspire confidence in a national currency. Sudani has said repeatedly that the dinar is stronger than the dollar. You citizens, hold on to your dinar.  None of this is confusing.  The float you seek is closer than you think in my opinion. Also, there is a lot in the 1 – 1.5 ratio that was mentioned earlier this week.

Militia Man – Dinar Guru  Al-Sudani the Prime Minister has said hold your dinar because they’re going to be stronger than the dollar… When they say they’re going to make it to be 1.5 times it means that the 1310 official rate is no longer going to be the official rate.  They’re going to adjust it 1.5 times…  .000763367 is going to be .001 or close.  That means 1310 becomes 837 real close.  As they do that it creates an environment that the dollar becomes less valuable to the dinar…it’s going to be harder and harder for the black market…It’s coming to a head…the black market is going bye-bye.

Samson – Dinar Guru  Article:  ”Advisor to the Prime Minister: The parallel price of the dollar will drop to the official one very soon“

Dallasdude – Dinar Guru   They have clearly stated numerous times they intend to come out in the 1320 range…the real question is how long will they stay there…I for one would not be surprised if it’s for the remaining year…hope I am wrong but the private sector needs growth at this time..they have until the end of May to complete budget, I personally think it will be done sooner right after EID as articles have stated..just got to let it play out…1320 helps the citizens a little but not us…its all about the time frame between the 1320 range  and the 1 to 1 float that I seek..

Pimpy – Dinar Guru  Article: “Parliament finance reveals the deadline for approving the budget”  the deadline has now been pushed to the end of May.  So not only do we still not have a budget processed for this year, it’s going to be past four months going into five months before they even vote on it…Iraq’s economy could be so much stronger if they would just hurry up and get this damn budget approved.  Now mind you, this is for 3 years and that’s a good thing.  So come on Iraq get this budget passed so you guys can start benefiting and growing the economy even quicker.

Militia Man – Dinar Guru  It’s getting a little bit quiet in the news…It’s an indicator that quiet time sometimes is good…Al-Sadr is being quiet…he’s for the people…riots in the streets…we don’t have those anymore…He’s not yacking that means things are going good..

Breitling – Dinar Guru  What is Iraq’s #1 goal?  They’re sitting so good it’s unbelievable because…their goal is to get more customers, sell more products…Think Iraq Inc. the company.  And there is nothing but multiple doors in front of them.  They can do it in oil.  They can do it in natural gas.  They could even do it in gold if they wanted to.  They can trade in the US dollar.  They can trade in other currencies.  They can build a massive foreign currency reserve with other currencies.  They don’t need the US dollar.  They want it because we’re the big boys on the block…But they can trade in other currencies.  It will diversify them.

Militia Man – Dinar Guru  Al-Sudani said, ‘now’.  That is a very key point to where we’re headed.  He comes back a little bit later and he said the dinar is going to be a little bit stronger.  He implies 1.5 times.  Be careful how you think about that.  Some of the folks out there seem to think that means it’s $1.50 but…he’s talking about the official exchange rate – 1310 [which equals approximately] .00076336…But when he says 1.5 times that’s a totally different equations because currencies are valued by reciprocals…what’s 1.5 x .00076336? Turns out to be about .0015405…

Mountain Goat – Dinar Guru   A government advisor confirmed, on Tuesday, that the parallel market for selling the dollar will witness a new decline during the next ten days and will come closer to the official price, indicating that transfers are currently taking place in an easy and accurate manner, after the agreement with the American side.  It is a slow decline but it is happening.

Breitling – Dinar Guru  What is Iraq looking at?  They’re looking at more customers.  They want to sell more product and have more customers.  That’s it... Iraq and the Middle East are changing their financial strategy/business plan on how to gain more customers..

Mountian Goat – Dinar Guru   In Shafaq News, the Governor of the Central Bank of Iraq Ali Al-Alaq, on Thursday, that Iraq is on alert to adjust the exchange rate of the dinar…

Sandy Ingram – Dinar Guru   Participate in one or more of the low-cost investment options so that you are building wealth while we wait on the Iraqi dinar to revalue, float or go digital.  It is important to keep the doors of investment open.   Once you train the mind to expect wealth it will come.  Your subconscious mind will never ever let you down.  Be careful of your thoughts…

Militia Man – Dinar Guru  …The Central Bank…told everybody on TV that the Central Bank issued 3 circulars obligating the owners of residential complexes and companies to the official dollar price and pricing everything in Iraqi dinars.  Based on the decision of the Council of Ministers which stipulated obligating all government agencies and the private sector to price their products in dinars.  That’s huge… That’s everything in country in dinars.  Also keep in mind they’re sayings you’ll need to be doing it in the currency at the official exchange rate.

Mountain Goat – Dinar Guru  …I am going out on a limb to say that by June 2023 we could see this reinstatement of the dinar.  I am…using…solid FACTUAL data from the articles.  Article quote: “The Governor of the Central Bank of Iraq Ali Al-Alaq, on Thursday, that Iraq is on alert to adjust the exchange rate of the dinar”… He is talking about the stabilization of the program rate first with the help of the US Treasury, then the reinstatement with the help of the IMF and World Bank… Folks, it can’t get any better!!

Militia Man – Dinar Guru  They’re at an official rate of 1310 and the parallel market has been as high as 1800.  They’re going to fix that.  One way to fix that is to get all the citizens goods and services…off the dollar.  That is exactly what they’re doing.  They’ve stated numerous times the dollar is going to be gone and the dinar is going to be the strongest.  Al Sudani says it twice, people are starting to take him seriously and now that… they’re going to force people to use the dinar only in country is very very powerful.

Sandy Ingram – Dinar Guru  What happens to Iraq’s paper money once they go digital?  …Only 5 countries are fully digital and these are all Caribbean countries (Bahamas, Saint Kitts and Nevis, Antigua and Barbuda, Saint Lucia, and Grenada)…The questions we have are 1. Will non-citizens be given an opportunity to exchange paper money for digital money?  2.  Will there be a limit on how much we can exchange?  Until Iraq joins the international monetary platform, we will be at the discretion of Iraq on how they handle paper money outside of the country.

Clare – Dinar Guru  Article:  “The Central Bank of Iraq is in the process of expanding the network of banks to provide service in different currencies such as yuan or euro”  Quote:  “there is a desire by solid international banks to enter the Iraqi banking sector and work inside the country.”

Kaperoni – Dinar Guru   Iraq is working diligently to create the economy needed to float the dinar. Hopefully, within year or two they will be in a position to begin to float…owning Iraqi dinar is not a lottery ticket there is no overnight significant increase in the dinar. …It’s going to take time but only with the success and growth of their economy will the dinar go up. They do have a plan, it just takes time. The economic success of Iraq will proceed any increase in value. And the value increase will be a direct result of the success of that growth…Hopefully in the next month or so we will see the budget pass, then some important legislation will follow.

Henig – Dinar Guru  Article: “Chambers of Commerce: Dollarization of markets has decreased and the exchange rate will reach 140”  Quote:  “the use of the dollar in trade exchange and debt repayment at home, or what is known as market dollarization, fell by 10% for the first time in many years, and the demand began to be greater for the adoption of the dinar in ending transactions and exchanges between traders within local markets… The markets of Diyala and the rest of the provinces are witnessing a remarkable decline in the exchange rate of the dollar recently…”

Militia Man – Dinar Guru   They’re publicly making it known to everybody inside the country to start repricing in the dinar.  What else can you say?  Something’s coming.  Something’s up.  They’re already in the dinar per se at 1310, are they not?  Why reprice?  Well because the change is coming.