Dinar Observer Daily

Mountain Goat – Dinar Guru   …Kazemi is not going to Washington DC for the RV. …The RV is between the CBI and the IMF. If anything related, he will go ask for relief from OFAC sanctions that the CBI needs lifted in order to reinstate the dinar, thus then they can start the process of deleting the zeros which we know leads to the reinstatement and thus us going to the bank

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Breitling – Dinar Guru   Be happy.  You’re fine.  Everything is good – still in that window.

Pimpy – Dinar Guru  There’s a lot of news about the meeting between Iraq and the United States.  Of course it’s very good news.  What is the news?  That America is getting the hell out of there... Quote: “welcomes the achievement of the Iraq negotiators by agreeing to the complete exit of the combat forces at the end of the year and considers it a positive and advanced step towards achieving full national sovereignty.”  They haven’t got their sovereignty 100%.  By pulling out…they’ll get their sovereignty…This is big.  Why?  Because if the nation has sovereignty guess what happens – They have to have a recognizable currency…

Breitling – Dinar Guru  Question:  “Do the high oil prices help or hinder  the revaluation”  Iraq was pressured when oil prices down.  They were being pressured and right now that pressure is not there but that hasn’t stopped them at all.  

Pimpy – Dinar Guru  I can’t promise there’s going to be an RI or RV because nobody out there knows.  That is the honest to God truth…Is it possible?  Of course it is.  Has it happened before in history?  More than once…you don’t have to watch for some magical announcement.   We can pay attention to what’s going on in the country, in their economy, in their stability…their commodities…geopolitics in the area…all contribute to the value of their currency… [post 1 of ]

Pimpy – Dinar Guru  We all want to wake up one day and hear…they just announced it – We’re gonna do 3 American dollars for one dinar.  Will that happen?  Yes it’s possible.  I’m not saying it’s not…the United Nations/the United Security Council have all said the same thing – that when the value of the dinar was devalued it was at a rate of 3+ dollars.  That’s every 1 Iraqi dinar you exchanged you got 3 American dollars.  And they said there’s no reason for it not to go back to that rate…if I didn’t have faith in it I wouldn’t own it.  [post 2 of 2]

Holly – Dinar Guru   Kazemi is to meet in Washington DC today. It is to be an announcement that they are part of the WTO (world trade organization). The USA is sponsoring them in. They need a rate change and an international currency…. Something big should be coming…

Mountain Goat – Dinar Guru   …the Finance Committee is telling us that the CBI plans to keep the rate of the dinar as it is until the end of the fiscal year which ends in December not October. Just because they want to have the next years budget completed and in parliament by October does not mean the fiscal year ends in October…So here we are once again with watching for the January 2022 release of the reinstatement…so we wait to see what happens. Remember this is the move opportune time to release the reinstatement. Can they get their act together by then?

Pimpy – Dinar Guru  People go, “It’s a scam!  Yeah, It’s a scam!”  No, no no, no the currency is not a scam.  It’s a legitimate currency but people do scam other people using the currencies so you and I have to be careful.  Article:  “Where to Exchange Currency Without Paying Huge Fees”  There’s no 800 numbers.  You won’t get a special email unless somebody’s letting you know when it actually happens.  [Post 1 of 2]

Pimpy – Dinar Guru  There’s no redemption centers unless they’re talking about an actual exchange center…the best place?  The bank or credit union.  Quote:  “Your bank or credit union, not an airport kiosk, is likely the best place to exchange currency.”  …not a redemption center, not a foundation, you’re not going to go in any special group.  You’re not going to get a better deal than other people.  Everybody gets the same rate.  You’re not going to be able to negotiate with the bank.  I already asked that.  [post 2 of 2]

Breitling – Dinar Guru  Look at some of the conversations going on.  ‘Look at Iraq.  Iraq’s a disaster so therefor the value of their currency couldn’t go up.‘  The reality is the value of their currency was artificially devalued.  So even if it did go down and it was a real market rate it wouldn’t go down to a tenth of a penny where it is today.  It would still be worth .50, .70, up to a buck because if you go look at the counties surrounding Iraq…currencies are .27, .37, you have Kuwait it’s like 3 bucks…

Petra – Dinar Guru   ...once a country is recognized fully Article VIII, countries no longer will question the validity of their trade capability…or THEIR CURRENCY!!!! IMO…

Breitling – Dinar Guru  Question:   “Can you talk about the possibility of a global currency reset and if so how soon?” There is going to be no Global Currency Reset!  I don’t know who is putting that stuff out there but the United States doesn’t have control over anybody’s currency.  We’re competing against Russian’s currency.  We’re competing against the EU and the euro.  We’re competing against the Wan.  There is not group of ‘elites’ hiding behind a curtain somewhere that’s getting together and conspiring on currencies…I know there are conspiracy theories out there but it just keeps coming up over and over and you’re wasting your time.  It’s not real.  There is not going to be a global currency reset.

Mountain Goat – Dinar Guru   I am hearing from the IMF and the CBI that they first want to ascend Iraq to the WTO prior to reinstating their currency. This gives them a wide range of trade opportunities they presently do not have and will need. Did I say any country needs to be in the WTO to trade their currency on FOREX?   NO!...

Pimpy – Dinar Guru  People are like, ‘How do you know it’s [the dinar] going to go up?‘   The United Nations/United councils says there’s no reason for Iraq not to be reinstated back to their former rate of $3.22.  They said this.  They said it several times…

Breitling – Dinar Guru   Question: “Can they revalue the currency and protect their economy and price for the next ten years by the end of the year?” Absolutely they can.  They could have done it this summer.  It’s on the edge.  They are not working on anything else.  This is the answer to all of their problems…

Mountain Goat – Dinar Guru   Article:  “AL-KAZEMI’S ADVISOR: THERE ARE 3 REASONS THAT PREVENT THE DOLLAR’S ​​EXCHANGE RATE FROM CHANGING “CURRENTLY”  They are considering only the exchange rate as a program rate solely pegged to the US dollar and not as an IMF basket of global currencies and reinstated back on FOREX when traders come to buy. All these arguments do not take into consideration major reforms in their currency and only dwell on short term solutions staying within the use of the currency auctions and program rate. So of course leaving the dinar in this situation why would you revalue it against the dollar? It does not make any sense to do it. But this is NOT what must happen and NOT what is going to happen.

Pimpy – Dinar Guru  There are no 800#s.  You’re not going to get an email.  The only email you’ll get is that somebody that’s within your group gets the announcement when it actually really happens and they send an email out to everybody saying, ‘Hey it’s happening!’ But you’re not special.  You’re not going to get any kind of special email.  There’s no 800 numbers for you to call as a matter of fact go away from those people who say that.  The reason is I don’t feel comfortable with somebody saying, ‘hey call this 800#!’…they steal your dinar and they take it…

Breitling – Dinar Guru   Comment:  ‘If there’s advanced notice announcement then investors would come out of the rafters to buy up all the remaining dinar.’  That’s exactly it.  That’s why you’re never going to find that magic article…if anything when…they start to add value to it you’re probably going to get the most negative articles you’ve seen.  Every country that’s ever added value to their currency, that’s exactly what they did…

Pimpy – Dinar Guru  If they [people on the Internet] start giving you a date or a rate, run the opposite way.  You understand how illegal that is…for them to be going on the youtube and announcing it?  They’re idiots.  That would be a clear violation of our federal exchange commission laws.  It would be like insider trading...If they tell you that the currency exchange rate is happening in country, that’s a lie.  That makes absolutely no sense…there is no exchange rate in country without one out of country.  They do it at the same time.

Kaperoni – A re-denomination is a neutral event. Zero gain. If they did such an event, they could raise it incrementally thereafter which would be a increase in the exchange rate…but only minimal. There is no significant RV of the dinar. Only if they choose to float from the current rate will the dinar significantly rise, but it would be over time. …Iraq is only worth about $16-$18 trillion dollars and they have well over 45 trillion dinar in circulation. That is a fact! The math does not work!  Therefore, they either LOP the dinar reducing the dinar from 45 trillion to 45 billion and then incrementally raise it as the economy grows. Or, they float the dinar at the current rate and reduce the money supply gradually as the exchange rate rises.

Breitling – Dinar Guru   One of the things [I hear] that’s kind of funny is that ‘Iraq is so corrupt that’s why this isn’t getting done.’  That’s the dumbest thing I’ve ever heard.  If Iraq was so corrupt they would have revalued the currency and made as much money off of it as they could even though it would have probably crashed.  They would have gotten in and out.  That’s corruption.  Keeping the currency where it’s at and using the US dollar is discipline.  They’re actually did good.  It’s coming.

Pimpy – Dinar Guru  If you go along and you start doing the increments – increasing the value of the dinar against the US dollar. They were talking about exchanging out [the higher denominations notes].  In other words they’re going to take away the 25,000 and 30000 [50,000?] dinars as they came in [to the Iraqi banks] but they would exchange it for equal value…in other words if I brought in 25,000 dinars they might give me 5 – 5000 dinars so I still have my 25000 dinars and that would be how they get rid of the higher denominations…I could see that happening…

Breitling – Dinar Guru   Question “Are there any signs pointing us to the end of this investment?”  There are.  Being able to use the Iraqi dinar in the Swift system…the whole world has access to the currency.  That’s what’s amazing for what you and I have right now.  Not too many people have access to what you and I have.  You can complain you’ve been waiting for this but it’s all part of the game and it’s nothing new…they are going to add value to their currency…

Pimpy – Dinar Guru  In order for the lower denomination to be used…it’s not possible unless something happens.  And what is that something?  They would have to change the exchange rate…the lower denominations like the 5’s, 10’s, 25’s, 100’s and 500’s and 1000’s – the only reason why they are not being used is because they have no value…so why would you use them unless you plan on chaining the exchange rate…

Dinar Investor – Jeff   Yesterday Iraq puts out at least two articles talking about deleting the zeros…this could really go one of two directions.  They could either remove zeros from the notes from the notes or remove the zeros off the exchange rate.  No matter what they’re gonna tell you what they’re gonna do.  It’s not a secret…Iraq is clearly telling you they’re taking 3 zeros off the notes…I’m not making this up…it’s in print… quote:  ‘denominations of 200 dinars (equivalent to 200 thousand dinars in the currency currency).’  That is removing zeros from the notes…

Petra – Dinar Guru  The need for new small category notes will be controlled IMO.  It’s not going to be a huge amount to come out because they’re driving everybody to digital commerce which is where the world is going with those CBDC’s and all those other programs that are coming out from the BIS and many other entities.

Mountain Goat – Dinar Guru   Two more great articles came out this period about the project to delete the zeros…we all should know that it is the project to delete the zeros that will eventually get us the reinstatement of the Iraqi dinar back on FOREX sooner than later. This is when we go to the bank…Just the fact that they are and have been openly debating this issue of when to perform this project is very, very good…the country is in a much better situation now then back in 2013…One thing I can assure everyone…is that do NOT expect the revaluation or the reinstatement any time in the next period unless we witness the project to delete the zeros…the reinstatement goes hand in hand with the project to delete the zeros…these two reforms must go closely together...

Pimpy – Dinar Guru  Article:  “Confidence in the Iraqi dinar is eroding…and the prospect of removing zeros”  Here we go.    We see it every 4 to 6 months – there is a report about the Iraqi dinar having the 3 zeros removed…there’s a difference between removing the 3 zeros off the rate versus removing 3 zeros off the currency.  Removing off the rate – good.  Removing off the currency – bad.  Why is that Pimpy?  Because if you remove the 3 zeros off the exchange rate that means the value of the dinar has increased.  But if you remove the 3 zeros off the currency – yikes! …there’s been so many reports, report after report that says deleting the zeros affects the poor people…it would cause such an uprising its not even funny…there’s nothing to debate.  They’re not going to do it…