Dinar Observer Daily

Kaperoni – Dinar Guru  The dinar is not a lottery ticket so there is no significant RV or instantaneous riches. It could take months or even years to significantly improve the value of the Iraqi dinar based on the economic success in Iraq.

Nader – Dinar Guru  We will not go more than $4 so don’t waste your time and ask question about $16, $8, $11 and $12.  Don’t even do that now.  Come out at $3, yes.  If they reinstate it will come out at 3 to 1… $2.83, $2.87 to 1 or more maybe.  But it will not be more than $4.  I think $4 is too much too because no money in the world cost that much…Give me $2.50 I’d be happy.

Samson – Dinar Guru  Article:  “Parliamentary movement to dismiss the Governor of the Central Bank, Ali Al-Alaq“

Militia Man – Dinar Guru  Article: “IMF: Arab country confirms commitment to flexible exchange rate”   Quote: “The International Monetary Fund (IMF) mission that visited Egypt announced that the Central Bank has confirmed its commitment to maintaining a flexible exchange rate regime, in order to protect the Egyptian economy from external shocks.” …Flexible exchange rate…is one that is determined by market forces of supply and demand in the foreign exchange market. The IMF suggesting shocks to come is likely a heads up that change is coming.  Let’s hope that change to come is for Iraq’s exchange rate…

Clare – Dinar Guru  Article: “Al-Sudani directs census teams to complete their mission tomorrow, Friday“

Clare – Dinar Guru   Article:  “Planning: Announcement of preliminary results of the general census in Iraq will be next week”  Quote: “The initial results will be announced after collecting and verifying the data, and this will be next week, either on Sunday or Monday, stressing that the announcement will be at an official press conference, and will include the results of the population of Iraq, the population of each governorate, the number of males and females, and age groups.“

Samson – Dinar Guru Article: “Prime Minister: Population census will establish a new Iraq based on accurate analysis“

Militia Man – Dinar Guru  Iraq is closed down right now for the census…It’s going to take about 48 hours…The new technical system they have is going to work quickly.

Nader – Dinar Guru  They been talking about the exchange rate every day almost to get it better and better.  I think it’s going to happen soon…I think it’s coming.  I’m just going like this with my hands [rubbing them back in forth in anticipation.]

Sandy Ingram – Dinar Guru  Here’s what’s been happening behind the scenes surrounding the IQD bank notes that are outside of Iraq.  Someone, somewhere implied we are holding Iraqi bank notes illegally.  There are a number of reasons why this rumor has taken root but not to worry…no federal US agency has supported this claim.  [We] believe this rumor was started by people who want to shut down IQD videos and with good reason.   Some of the claims being made on Iraqi dinar channels are completely untrue and have no documentation.  The second reason for the rumor is the closer Iraq gets to satisfying its economic goals the more illegal actors want to collect IQD banknotes for potential profits.  [Post 1 of 2…stay tuned]

Sandy Ingram – Dinar Guru  Thirdly, we know Iraq has overprinted the currency and it would be convenient for the country to ignore bank notes outside of the country…We found the documentation that proves most of us are legal holders of our Iraqi dinar.  The information was found in the US State Department Archives.  Here’s what it says, ‘The currency of Iraq is the dinar (IQD), sometimes referred to as the new Iraqi dinar.  Iraq’s current exchange system is characterized as a free foreign exchange system with no restrictions on purchases or sales of foreign currencies.  The Iraqi currency is fully convertible and can be exchanged freely with any other currency...’    [Post 2 of 2]

Samson – Dinar Guru  Article:  “Deputy of the Framework: Population census is essential for fair distribution of financial allocations“

Militia Man – Dinar Guru  One of our members speaks fluent Arabic…You have to ask questions. ‘Hey, I’ve heard this, is there any validity to it?‘ What are they talking about in the streets? What is the educational process?  …Purchase power… , about registering for the national card… Why?  Because that’s going to be part of the wealth that is going to be replaced.   They’re going to give back wealth to the citizens.  They’re going to use those cards.  If you don’t have a card you’re not going to be a part of it…It’s true.  It’s on [Iraqi] TV.

Mountain Goat – Dinar Guru   Article:  “DELETE ZEROS AND EVALUATE THE DINAR“  this…new article…by Ali Daadoush, the Iraqi economists… is concentrating on the revaluation part giving examples of countries that recently revalued and how it worked. The part that sparked my interest the most was…quote:  “After the revaluation, it was linked to a basket of global currencies.”  He was referring to the Chinese government Yuan and its revaluation of its currency in 2005, which was then linked to the US dollar prior to the revaluation. However, after the revaluation, it was linked to a basket of global currencies…I believe he is telling the citizens of Iraq that this also is what will occur to the IQD when it too revalues soon.

Nader – Dinar Guru  No body have to do with the exchange rate besides the government of Iraq or the Central Bank of Iraq.  The Treasury have nothing to do with it.  United States have nothing to do with it.  Nobody has to do with it…HCL and all that not have nothing to do with it.  

Samson – Dinar Guru  Article:  ”Association of Banks: 28 billion dinars are withdrawn daily from the informal market“

Militia Man – Dinar Guru  If in fact we have a revaluation of the Iraqi dinar a lot of things are going to change and a lot of people need to have at least a plausible deniability…The central bank…they openly exposed the education system, they talked about the zeros forever, they’re talking about the Islamic banking law, they’re talking about the Securities Law and they’re talking about that with some of the largest money institutions in the world.  Britain is on big one.  Same with the United States…It’s exciting.  I think it’s powerful that we’re watching this unfold…

Clare – Dinar Guru  Article:  “Iraq census curfew begins”  Quote:  “The Supreme Security Committee for the Population , Census also confirmed that the curfew will take effect at midnight on the 19th and 20th of November at 2:400, i.e. 12 midnight, and will continue until 2:400 on the 21st and 22nd of November, including the governorates of the Kurdistan Region.“

Mountain Goat – Dinar Guru   …the IMF fully intends to repeg the IQD to a basket of currencies once they revalue it and turn it back on FOREX (…this is called a reinstatement…).   It will initially be a FREE FLOAT driven by market fluctuations however it will be monitored and my CBI contact has told me they will cap it at a level to control the initial massive swings, if needed. Then over a period, the rate is expected to settle down to its nominal rate. I am told this could be about $3.85ish. The then CBI director in 2011 Dr. Shabibi told his audience in a news media conference on the Iraqi economy that the dinar could sustain a fluctuation as high as $16 USD…I am told that the IMF will use the cap at about $9 – $11 to prevent wild swings out of control that could potentially hurt the basket.

Clare – Dinar Guru  Article:  “Iraqi Prime Minister: Tomorrow we will take an important step that has been delayed for years”  Quote:  “Iraqi
Prime Minister Mohammed Shia al-Sudani confirmed that tomorrow, Wednesday, will be an important civilized and developmental step, as the long-awaited general population and housing census will begin after years of delay.“

Militia Man – Dinar Guru  Article:  “The deletion of the zeros and evaluate the dinar”  They’re talking about the concept of currency revaluation which means, quote:  “…a calculated upward adjustment of a country’s official exchange rate…”  This particular article supports the fact that they’re openly educating their citizens as we speak…I think you guys really should know how close this is because why would they be talking about this now when it wouldn’t be necessary?  It would be absolutely 100% talking about it now because they want  to make sure everybody knows what’s happening, without saying what’s happening.  That’s how it works.  It’s fascinating to watch…

Nader – Dinar Guru  Community Comment:  “All countries, we’re waiting for Trump to be back.”  Trump is going to changed a lot of things.  I like Trump, don’t take me wrong.  I’m not going to say anything negative about him because I like him a lot but Trump is all about American.  And he’s right, it’s all about America so he should take care of America, nobody else…I think any president of America should take care of America.  Once they care of the their citizens then they can help somebody else.

Pimpy – Dinar Guru  Look what’s back in the news, deletion of the zeros.  Article:  “Delete zeros and evaluate the dinar”  The deletion of the zeros is a redenomination that’s a whole separate situation than a revaluation.  They’re two separate things…A redenomination is when they change the way the currency looks.  It’s going to have less zeros.  That’s the deletion of the zeros, a redenomination.  A revaluation is separate.  Quote:  “In a fixed exchange rate system, the system followed by Iraq, only a decision from the state, the central bank, can change the official value of the currency…“

Clare – Dinar Guru  Article:  “Delete zeros and evaluate the dinar” Quote:  “In a newspaper column a while ago, we explained the concept of deleting zeros, and today we are talking about the concept of currency revaluation, which means a calculated upward adjustment of a country’s official exchange rate…revaluation is the opposite of devaluation. In a fixed exchange rate system (the system followed by Iraq), only a decision from the state (the central bank) can change the official value of the currency…In a flexible exchange rate system, revaluation occurs on a regular basis, as evidenced by the noticeable fluctuations in the foreign exchange market…The United States maintained a fixed exchange rate until 1973, when President Richard Nixon decided to abandon the gold standard and switch to a flexible exchange rate system...”   [Post 1 of 2….stay tuned]

Clare – Dinar Guru  “China…revalued its currency in 2005, which was linked to the US dollar. After the revaluation, it was linked to a basket of global currencies…The book values ​​of assets held abroad may have to be adjusted to reflect the effect of the change in the exchange rate.  For example, suppose a foreign government has set 10 units of its currency to equal one US dollar.  To revalue its currency, the government might change the rate to 5 units per dollar…If the value of the asset held in a foreign currency was previously valued at $100,000 based on the old exchange rate, the revaluation requires a change of $200,000. This change reflects the new value of the foreign asset in the local currency by adjusting the revaluation of the relevant currency.” [Post 2 of 2]

Militia Man – Dinar Guru  Iraq is going through a time where they’re going to have the census.  That census is going to be on the 20th and 21st.  Some data suggests that in the Kurdistan region they started on the 15th…Preliminary results will be right there on and around 24 hours…

Mountain Goat – Dinar Guru  ...the CBI is once again educating the citizens and merchants on how the new process will replace the currency auctions. In the article titled “PRIVATE BANKS ASSOCIATION: IRAQ TO ADOPT ADVANCED TRADE FINANCE SYSTEM BY END OF 2024” once again they explain how the new process will work. Quote:  “it is expected that by the end of the year there will be a transition to another more advanced and accurate system to enhance control over foreign transfers related to trade.”

Clare – Dinar Guru Article: “S&P raises JPMorgan’s rating by one notch” Quote: “S&P confirmed that JPMorgan’s rating is now among its highest for banks worldwide, pointing to the strength of its market share in the sector and its ability to manage costs effectively amid the bank’s increasing business volume.”

Militia Man – Dinar Guru They’re talking about cross boarder transfers.  That’s money.  That’s currency.  That’s going to be doing commercial trade.  That’s going to be Article VIII compliance my friends.  That’s how it’s going to be…Whether it’s today or tomorrow that’s a good question…Iraq is going international right before our eyes…