Dinar Observer Daily

Pimpy – Dinar Guru  If you go to…the foreign exchange website and try to look up the IQD which is the Iraqi dinar you can see it says “At this Forex.com does not offer trading in the Iraqi dinar.”  That means it’s still under some types of restrictions.  It’s not being bought, sold or traded on the Forex…

Militiaman – Dinar Guru  Article: “Deputy For Al-Fateh: The Exchange Rate Reduction Will Soon See The Light”  …100 deputies openly supporting the exchange rate change is powerful. They are campaigning. A sign of currying favor from the citizens. They want their purchase power.

Kaperoni – Dinar Guru  Local media announces today Al-Maliki will carry out a coup and become prime minister again…He is bad news for Iraq and is a pawn of Iran…Plainly put this is terrible for Iraq.   Maliki is a wannabe dictator and has desires to control the central bank funds.  Back in 2012, former central bank governor Al-Shabibi accused Maliki of stealing enough money to support 20 million citizens…al-Maliki has quietly as leader of the State of Law Coalition harpooned much of Iraq’s success waiting for his opportunity to come back.

Samson – Dinar Guru  Article:   “The Central Bank announces that the Iraqi gold reserves have risen to more than 130 tons”  Quote:  “Iraq has advanced ten ranks in the table of the most countries in gold reserves, bringing its total possessions to (130.39) tons, ranked thirty in the world and fourth in the Arab world.”

Mountain Goat – Dinar Guru   Article:  “DEPUTY FOR AL-FATEH: THE EXCHANGE RATE REDUCTION WILL SOON SEE THE LIGHT”  Quote:  “..the issue of reducing the dollar exchange rate is soon after collecting the signatures of 100 deputies to vote on reducing it under the dome of the House of Representatives.”  Just remember they tried this before and it did not work, however it does put pressure on the CBI and to let them know something must be done about the IQD rate soon.

Tivon – Dinar Guru  Article:  “Iraq uses the policy of “raising reserves” to control inflation”   So here we are once again being reminded that Iraq has enough of reserves to cover the reinstatement of the Dinar…So when you compile everything as to all the sectors that is ready…You can’t help but anticipate what is next. And we know what that is. Al-Kazemi already gave the go ahead a couple of days ago. IMO

Kaperoni – Dinar Guru  Monetary policy of the Iraqi dinar is at the sole discretion of the Central Bank of Iraq along with the guidance of the IMF. No parliamentary signatures, news articles or political figures have input.

MilitiaMan – Dinar Guru   Article: “Al-Shammari: Talking about changing the exchange rate is a media bid” Quote “Talking about changing the exchange rate is unrealistic…”  This guy is connected to Maliki all day long. imo…The EFSL is law. They have not yet exposed that fact in the Gazette… So, to trigger internationalism a new exchange rate is warranted. Changing the exchange rate is not unrealistic. In fact, it is inevitable…IMO

Nader – Dinar Guru  They refuse to put back the dinar to 1200…They’re asking the CBI to put back the dinar to its previous exchange rate which the CBI has other plans by Rving the dinar…I’m glad they didn’t accept the 1200 because it’s not worth it for nobody…for me it’s good news. I prefer wait on RV than change it 1200 and wait 10 more years to RV…

Samson – Dinar Guru  Article:  “Parliamentary Finance denies the possibility of restoring the dollar exchange rate: it confuses the market and investment projects”  Quote:  “the Parliamentary Finance Committee denied what was recently reported about Parliament’s efforts to restore the exchange rate of the dollar to its previous level, 1200 Iraqi dinars for every US dollar.”

Tivon – Dinar Guru   Article: “Implementation of the Automation Program for Customs and Tax Receipts”  Game Time. The ATMs are ready. AYSCUDA is ready. BUNA Platform is ready. General Tax Authority is ready. Now Customs & Tax are ready. The HCL/Oil & Gas is ready. The EFSL is ready. And the contracts are signed…Everything is prepared for roll out. The hard currency reserves are covered so they can deal with any inflation from the onset of reinstatement if any were to occur. All of this occurred without a seated government or 2022 Budget.

RVAlready – Dinar Guru  …I think we are only waiting on the CBI to activate the RV at this point. When the CBI says go, we will be going to exchange.

Kaperoni – Dinar Guru  The first plan which has been discussed by economist and specialists in Iraq in the media and in various symposiums educating the citizens is a currency exchange (LOP). We do not want to see this happen. And the other plan which has been well documented since 2013 is the IMF’s directive to float the currency allowing it to gradually appreciate over time as Iraq’s economy prospers and grows.

Petra – Dinar Guru   I would like to add a few dots to the logic equation as to status:  1. Al-Zamili stated weeks ago…upon passing of the law [ESFL] that the ministries would “immediately” be funded to begin their efforts of the WP’s.  Well, yesterday was that 15th day…tick tock!  2. Al-Alawai the Finance Minister has been…stating that basically the reforms are ready to go and his ministry is ready to engage.  Hello CBI….Tick Tock!    [Post 1 of 2]

Petra – Dinar Guru   3. Today… Article “The Signatures Of More Than (100) Deputies Were Collected To Reduce The Exchange Rate Of The Dollar Against The Iraqi Dinar” …is not only the request of Kathemi to change the rate but also…the signatures of 100 or so Parliament Deputies agreeing…Hey CBI…Tick Tock…THE RATE is now before us on a myriad of levels to engage the new Iraq!! …IMO what are we waiting for?   Hello CBI….Tick Tock!!! [Post 2 of 2]

Tivon – Dinar Guru  Saleh said “…the rise in Iraq’s hard currency reserves will increase confidence in the Iraqi dinar and will increase its stability,” stressing that “the Iraqi dinar is approaching full coverage of hard currency reserves in light of the current exchange rate.” He also said that “these reserves maintain the purchasing power” …if you have 1 million in Dinar. And the rate comes out at 1.162 on the Forex. You divide that by one dollar and it will be .86 cents. Which will net you 860,000.

Mountain Goat – Dinar Guru   …we keep hearing about getting out of a “rentier” economy solely based on oil…there are many more sources of revenue that can rival the oil revenues. But Iraq has to take advantage of them…The revenue possible from tracking and accounting for the full revenues received from Customs and Tariffs alone can rival the oil revenues. WOW!   [post 1 of 2]

Mountain Goat – Dinar Guru  …also they intend to tax revenues too some day, something they do not do today. This would be a huge source of revenue for the central government…another source of over looked potential huge revenues- the electricity industry…they are on the verge of being an economic giant and along with this comes the RV. They simply can’t stop it and it has to happen…the Glory Days are coming to Iraq. [post 2 of 2]

Tivon – Dinar Guru  Article “Minister of Finance: The Ministry is keen to implement the provisions of the Emergency Support Law for Food Security and Development”  I told you all they will keep hammering down on this law until it is printed published and implemented. They will keep coming with more information as we inch closer to the inevitable reinstatement.

Samson – Dinar Guru  Article “Britain asks its citizens to dispose of $17.7 billion in banknotes”  Quote “The Bank of England said people who own 14.5 billion pounds ($17.7 billion) of old notes have just 100 days to spend or deposit them before they become worthless.”

Kaperoni – Dinar Guru  …The petition in parliament calling to reduce the exchange rate…If it succeeded it would only reduce it back to what it was a year ago…1170

Sandy Ingram – Dinar Guru   Iraq has gone from being a stable and wealthy state governed by a dictator, in the 1980s…To living under sanctions in the 1990s.  To the US invasion of 2003.  To the chaos of insurgency and then ISIS genocide in 2014.  To the financial crises brought on by Covid-19 in 2021.  And then the currency non-leadership that Iraq is living under for over 8 months…hold on to your Iraqi dinars.  Iraq is a survivor.

Pimpy – Dinar Guru  There’s no numbers on the back screen.  There’s no 800#s.  There’s no redemption centers.  I keep telling you guys it’s all crap they blow up your butt…there’s no tier 1.  There’s no tier 2.  All they simply do is change the rate and then you go down and exchange it or purchase it…like any other currency out there.  There’s no magical treatment for how Iraqi dinar is being handled.

Tivon – Dinar Guru  Article: “The Signatures Of More Than (100) Deputies Were Collected To Reduce The Exchange Rate Of The Dollar Against The Iraqi Dinar” …They are about to reverse the prior decisions that caused so much hardship. But I also think given the timing this has alot more to do with preparing the NSCNs which will require a rate change…

Tivon – Dinar Guru  Article:  “Al-Kazemi’s advisor: “relative” control over prices and food security will support us”  There it is Ladies & Gentlemen…This means they can come out at a comfortable 100,000/100 USD at anytime.  Which is basically a flat rate of 1:1 if you divide 1 by 100,000 IQD. Until Iraq has a reinstatement of their Dinar you will keep seeing the emphasis on this EFSL. This will not slow down.

Militiaman – Dinar Guru   Article:   “Minister of Finance: The Ministry is keen to implement the provisions of the Emergency Support Law for Food Security and Development”  the EFSL, it was voted on 06/08/2022.  15 days to be law with out signature is estimated to be today or by tomorrow.  With the Finance Minister being keen on implementation today, is a very positive sign. He is the legal side of the check book.. Lol The CBI just has the cash.. lol It may have to wait to be published, but, effectively it is law once the 15 day is up which would be in my opinion anytime now…

Samson – Dinar Guru  Article ” Iraq Achieves The Highest Oil Revenue In Its History”

Kaperoni – Dinar Guru …Yes, al-Maliki desperately wants to be prime minister again. 

Militiaman – Dinar Guru  The EFSL is slated for tomorrow and or the 23rd to be law, whether it is signed by the President or not, as if it is not, it becomes law after 15 days regardless…the law was voted on 06/08/2022.

Tivon – Dinar Guru  Article: “A statement by the Ministry of Finance on the debts of social protection beneficiaries”  I wouldn’t understand someone reading this…Financial Stability, Reducing Poverty, or Social Protection, and not think they can achieve this without granting “Purchasing Power” which would require them not only to reinstate the currency but also installing the NSCN…The next 24-48 hours will tell us alot…We are in prime position right now. This is unfolding beautifully.