Dinar Observer Daily

Sandy Ingram – Dinar Guru  Article:  “Transparency and Financial Disclosure is a Strategic Approach for the Central Bank of Iraq”  The Central Bank of Iraq is taking a firm & strategic approach…with dealing with international financial organizations in order to restore confidence in international banking transactions…It’s important because it implies the country wants to repair the reputation of reports of inaccurate data and information and play nicely in the sandbox with other central banks and other countries…

Samson – Dinar Guru   Article:  “Soon.. Al-Kazemi to America”  Quote:  “Al-Kazemi will go to America, in order to participate in the meetings of the United Nations General Assembly, to replace the President of the Republic, Barham Salih...”the reason for Al-Kazemi’s departure instead of Saleh is to discuss political developments and repercussions on the security and economic levels, and the opinion of the international community on this crisis…“

Pimpy – Dinar Guru  When it comes to these senior officials, timing is everything. There are two political forces that are battling with one another…I have a feeling this individual is somehow someway linked to Maliki… [Post 1 of 2…stay tuned]

Pimpy – Dinar Guru   Article:  “Iraq security official Arrested Over Bribe: Graft Bod”  Quote:  “The unnamed official was caught red handed receiving the bribe…the arrest was filmed and the video shared on social media showing the arrest in his office as a stack of dollars was pulled out of his drawer…” [Post 2 of 2]

Mountain Goat – Dinar Guru   Article:  “FITCH: IRAQ’S GDP GROWTH IS ABOUT 8%”   …for Iraq to have a GDP of 8 % is fantastic and just more proof they are manipulating the rate of the dinar since at a rate as this the economy must be moving and with rapid growth. So they don’t need to rebuild their economy for the rate to be reinstated. What they need is to stop the corruption and free the economy to a global international economy…

Militiaman – Dinar Guru  Article:  “The General Secretariat: Automation of outlets has raised the value of revenues for three years”  The borders will support the value of the currency aside from oil and other minerals, tourism, etc..

Samson – Dinar Guru   Article:  “Integrity reveals the details of the arrest of a senior officer in Maysan and calls on citizens to cooperate” Quote: “The Federal Integrity Commission revealed, on Monday, the details of the arrest of a senior officer in one of the security services in Maysan Governorate, red-handed, noting that he “blackmailed citizens and bargained with them”, while calling for reporting cases of “bargaining, extortion and bribery.“

Sandy Ingram – Dinar Guru   Most of the Iraqi people do not care about a re-value of their currency to the point of one dinar equaling one US dollar. The Iraqi people just want money in their pocket, food, clean water, electricity, shelter, health care and money to pay their cell phone bill.  The majority of Iraqi people do not yet understand the benefits of having an international currency with a high exchange value.

Pimpy – Dinar Guru   Article:   “The speaker of the Iraqi parliament calls for an agreement on setting a date for early elections”  They’re already on a verge of civil war.  They started to go down that path and thanks to Sistani it was stopped.  Either they agree to go to early elections or there’s no doubt in my mind there is going to be a civil war.  There’s no other way around it.  I don’t want that to happen…I think it’s the right of the Iraqi people to decide who they want there…

Nader – Dinar Guru   My friend made  [This video]…this guy just got arrested for corruption.  This is the head…if you need permit for construction or you need your passport being done or you need papers anything have to do with the government you go and he takes money…You have to pay a million dinar just to get some stuff done.  He’s been doing this for many many years and he made a lot of money. This is corruption so he get arrested.  It’s a lot of them getting arrested like this.  He’s big.  He steals even from the government… it’s gonna happen.

Samson – Dinar Guru  Article:  “An economist reveals the size of the currency issued by the Iraqi Central”  Quote:  “according to the data of the Central Bank of Iraq, the volume of cash currency issued by the bank is up to 82 trillion Iraqi dinars.” He added: “On the other hand, the volume of cash in Iraqi banks does not exceed the barrier of 7 trillion Iraqi dinars only, meaning that more than 75 trillion Iraqi dinars are outside the banking system and it is very difficult to follow them and know their fate…” [Post 1 of 2]

Samson – Dinar Guru  …There are 4 main possibilities for this cash away from the banking system, which are:

1 – Iraqis hoard money in their homes…

2 – Funds are internal commercial transactions far from the banking system…

3 – Foreign institutions hoarding the Iraqi currency  for several reasons, including the remote investment in the Iraqi dinar in the hope of a rise in its price in the future…

4- Damage to the currency…”   [Post 2 of 2]

Mountain Goat – Dinar Guru    …I can wholeheartedly tell you that – Yes and Yes that I know for a fact and without a doubt that the reinstatement has to happen and will happen.  How do I know?

#1. Reinstatement was in a long term 5 year plan given from the CBI in 2011…it was supposed to be all done by 2016.

#2.  Dr Shabibi, the then governor of the CBI, attempted to reinstate the dinar on FOREX and complete the project to delete the zeros in 2013 as part of the 2011 plan, only the corrupt Nori Al-Maliki then the prime minster stopped it with his raid on the CBI…

This is what Sadr is trying to fix…and why the new govt can’t get formed.  [post 1 of 2]

Mountain Goat – Dinar Guru 

#3. In 2019…they came out with the “White Paper” in which it specifically says to go to FOREX.

#4.  In talking to my CBI contact, I was told that it was targeted for Jan 2022 but due to the election issues they held it up hoping the government would be formed and stable. So, this is where we are today. We sit and wait for the new government.   [post 2 of 2]

Samson – Dinar Guru   Article:  “The average salary in Iraq is 600 dollars and in other countries is six thousand”  Quote:  “Iraq ranked 62nd out of a list of 105 countries in terms of the average net monthly salary of an employee of $600 in Iraq...”

BGG – I believe so many in this community have read this latest uprising in Iraq all wrong (as usual). The Sadrists ran on a platform of equal governance and reform. In stunning fashion, they won big. Not quite big enough… but big. The people voted for a new direction. They will again.

The corrupt old guard has been doing everything possible to try and maintain their “status quo”. This is at the very heart of this conflict. This is a good struggle. Freedom can be a messy business…

Hard news excerpts:

“Sadr believes he can control the angry masses …but only if he can control the system. His unleashing of the Sadrists for 24 hours was that message in graphic form.”

How to deal with Muqtada al-Sadr has long befuddled Western and Iranian officials. The latest outburst of violence in Iraq shows they have long underestimated him as well, writes @SajadJiyad…

You want to know what this all means? Sadr sent the message “reform or else”… I believe it was heard loud and clear.

Militiaman – Dinar Guru  Article:   “The Central Bank of Iraq organizes a visit to a media delegation”   The AMF on the same day had meetings on similar issues…with the likes of the World Bank, Bank of International Settlements, International institutions, etc...There are no coincidences in these meeting coinciding with each other.. imo.. I like what we are seeing.  Inter-connectivity is coming…

Breitling – Dinar Guru  People are looking at Iraq.  They are looking at what’s going on between the Sunni and the Shia and they’re going, ‘My God there’s chaos and turmoil going on!  This thing is never going to come to fruition.  It’s never going to come about.”  You couldn’t be more wrong.  That’s not how this investment works.  That’s not how Iraqi’s currency works… [Post 1 of 2]

Breitling – Dinar Guru  I haven’t seen anything negative come out of Iraq yet...It’s like watching Fox News…Every day they’ve got some shitty thing to tell you.  Like it’s their goal in life to make sure you’re unhappy so they can make you vote a certain way.  That’s how it works – Pure propaganda… People are reading articles…that have nothing to do with…their [Iraq’s] policy and their currency.  [Post 2 of 2]

Militiaman – Dinar Guru  Article “An Iraqi bank begins providing its banking services and solutions in the Saudi market”  Looks like show time… imo  They imo are not going live at a program rate or they would have already done so. I suspect that visit to Egypt by Kahdimi was a fruitful one.

Clare – Dinar Guru   PRETTY SOON THE TSUNAMI WILL OVERTAKE ALL THOSE CORRUPT WICKED LEADERS AND WE WILL WITNESS IT.  IRAQ WILL PROSPER WITHOUT THAT EVIL…AND GETTING RID OF THEM AT THIS TIME IS VERY GOOD FOR OUR INVESTMENT & IT IS VERY GREAT FOR THE IRAQI CITIZENS!!!…IMO WE ARE AT THE END… BE PATIENT A LITTLE LONGER…WE ARE WATCHING IT PLAY OUT.  KAZEMI & SADR ALREADY WON…REMEMBER SADR WANTS THE REFORMS (NEW EXCHANGE RATE) DONE FOR THE CITIZENS!  …IMO

Samson – Dinar Guru   Article:   “International companies use the Iraqi airspace for the first time in history”   Quote:  “…Iraqi air movement at the present time is witnessing demand from civil aviation companies….Iraq is characterized by an important strategic location and is considered the shortest road and air corridors linking the East to the West.”

MilitiaMan – Dinar Guru   Question:   [Article:  “The Central Bank decides to activate the procedures for verifying licenses to import goods and merchandise” Why such an announcement on Friday FOR Muslims AND after Banks close on Friday, global business?]   A BIG CHANGE IS COMING!! imo lol Those meetings with the World Bank, Bank of International Settlements, Basel III Board of Directors, IMF, AMF, International Institutions, etc., all know that the IQD is to take it’s rightful place in a basket.

Samson – Dinar Guru  Article: “Economist: Inflation has reached more than 12% in Iraq”  Quote: “The Iraqi economic expert attributed the reasons for the high rates of inflation to many factors, including “the rise in oil prices, which reflects its shadow on all goods and services, in addition to changing the exchange rate of the dinar against the dollar,”

MilitiaMan – Dinar Guru  Article:  “The Central Bank of Iraq organizes a visit to a media delegation”   The CBI will want those in this meeting to have the truth from the horses mouth. They’ll be a mechanism to help citizens during the roll out and for the intentions of the CBI going forward… Once they change the exchange rate the money sold will likely be tracked…

Samson – Dinar Guru   Article:   “The UN Security Council calls on the Iraqi parties to exercise restraint and start dialogue”  Quote:  “the members of the Security Council called on all parties to resolve their political differences peacefully, respect the rule of law and the right to peaceful assembly, and avoid violence.”  [Post 1 of 2]

Samson – Dinar Guru  Article: “Al-Fatlawi Comments On The Statement Of The UN Security Council On The Events In Iraq“.  Quote:  “the Security Council’s statement on the recent events in Iraq was in a strong tone…Did all the Iraqi parties read it correctly?”  [Post 2 of 2]

Pimpy – Dinar Guru  The auctions are supposed to be used to control the exchange rate from getting out of hand but it’s been used for some real corrupt stuff.  There’s been talk several times about ending the auctions…Over the years – 2022, right now, you get 1450 dinars for every 1 US dollar.  Back in 2016 you used to only get 1182 dinars..Going back to 2013 used to only get 1166 dinars for every 1 US dollar…When it decreases that means Iraq’s value is gaining on the US dollar.  We want the amount of dinars exchanged for US dollars to decrease...we want to get to a point where they can exchange 1 dinar for multiple US dollars…there is some hope with the decline of the US dollar…

Sandy Ingram – Dinar Guru   It is difficult to move forward with a revalue or a float of the currency when the entire country is in a political crisis.  Things are changing by the day in Iraq.

Militiaman – Dinar Guru  The court has postponed the case of dissolving the HOR until tomorrow, Thursday.  If Kahdimi steps down and the President steps into the position until there is formation of the new government he will have the necessary powers (“Full Powers” is mentioned nowhere in the constitution. “Necessary Powers”, is.)  and it will be all constitutional. Also, Iraq will be deemed stable and secure in the eyes of the Region and the World once done, imo.