Dinar Observer Daily

Mountain Goat – Dinar Guru …What I am told by the CBI is that they are planning a MAJOR rate change and reinstatement to FOREX as part of the White Paper reforms.

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BobTheTaxMan – Dinar Guru  We’re going to take an example.  Let’s say the announcement came from the CBI…with an anticipated rate of .50 cents…So you take your 10 million IQD and you rush off to the bank and you exchange it for $5 Million dollars.  Yippie!  Your IQD investment finally paid off…you go home petting your precious money fantasizing over what you are going to spend it on…the lifestyle you have dreamed of is within reach.  The house, the car, the vacation, the toys – they all appear and your long dreamed of funds begin to disappear.  Now all the money is spent…whatever you set in payments is still there draining your income and your income cannot continue to support the lifestyle your fantasies created.  Then comes a letter… [Post 1 of 2]

BobTheTaxMan – Dinar Guru  …a letter from the IRS you are now owing them 40% of your 5 million dollars which is approximately $2 million dollars.  And then the state comes knocking saying ‘hey you owe them also’.  The dreams of a lavish lifestyle suddenly turn into a financial horror story because you have payments to the IRS and to the state which are freaking impossible.  The debts begin to take a toll on your life and your relationships are challenged maybe even broken.  Your financial security is completely destroyed and everything you thought the IQD investment would be is now a legacy of pain and guilt.  Now, take another look at the same scenario but with planning and preparation for the anticipated IQD revaluation.[Post 2 of 2]

Sandy Ingram – Dinar Guru   Article: “Central Bank of Iraq governor meets with head of Turkey’s banking licensing and supervision authority”  This is happening…The Central Bank of Iraq setting up bank branches in Turkey.  This was good news because it means investors possibly can visit a safe country in which to exchange Iraqi dinars and/or open a banking account and set up possibly 4% interest rate...

Pimpy – Dinar Guru  There is a lot of positive things working in Iraq.  We know these things.  We know the early elections took place and the government is being formed.  We know over the last year and a half Al-Kazemi appears to be the real deal Holyfield.  He’s been doing everything he could to get the corruption weaved out the the government- doing what he could to develop the private sector…so their budget isn’t reliant on oil sales…they’re finding new oil and oil fields.  They’re working on moving quickly through the WTO.  They’re doing what they can to remove themselves off the blacklist…we know our troops are getting ready to leave restoring the sovereignty of Iraq.  We know that their debt is almost paid off with Kuwait for invading them.  All these things are big…steps necessary to get to the revaluation of the dinar.

MilitiaMan – Dinar Guru   If they are openly telling the citizens and from what we hear…in Iraq that they are going back to the glory days. That will require Article 8 compliance. A rate of 1460 is not Article 8, nor is 1190 or even 1166…They’ll need the similar notes, as they had back in the glory days. Thus, they are said to be showing them the old notes in videos lately and still on going. …The new digital system will require them to have new currency and one they can monitor efficiently and transparently.  They have not destroyed 000s notes and reduced the supply of them as well, and…printed new notes to not change the exchange rate to get them on a level playing field like back in the glory days…Iraq has way too much value for them not to not raise the value of the Dinar.

Mountain Goat – Dinar Guru  …Do not give up on this. It is coming as my CBI contact says they are preparing the final stages of the executing the project to delete the zeros. Then they plan to then monitor for inflation and if this part of the revaluation is successful then they will move back to FOREX (reinstate) and then we go to the bank… Everything is being lined up for either very late December or early January. I am VERY excited!

Pimpy – Dinar Guru  There’s one heck of a report that came out on behalf of Iraq.  A really positive step.  Report  “IMF Staff Concludes Virtual Visit to Iraq”  the write up is really good.  To start off you can see that Iraq is definitely on track…they’re expecting a 12% growth in GDP.  That’s good…that is a nice little write-up from the IMF staff.  Of course it just indicates Iraq is definitely heading in the right direction. Their economy is strengthening…looking good but we still need Iraq to get yanked off that so-called blacklist over there in the UK…we need this election to be finalized and we need peace and stability to remain…we need the troops to get out of there.  All these things seem to be happening…

Frank26 – Dinar Guru  [interview with Firefly]  FIREFLY:  We now see the special commercial.  It’s on TV. We’re watching it right now.  They’re saying that the currency of Iraq is tomorrow’s future…They say the special will run through the weekend.  It’s at 9pm Iraqi time.  It’s a 1 hour show…  FRANK:  IMO that means you are just a matter of moments away before they show you what they are talking to you about…  FIREFLY:  This morning they said all was complete and expected Iraq to be fully compliant sometime in early 2022.  Then he said the time is now until we guide Iraq to the stage of the international acceptance of our country’s currency…  [Post 1 of 2]

Frank26 – Dinar Guru  [interview with Firefly]   FRANK:  ...IMO they have to show you what they’re going to give you first and then give you the exchange rate either simultaneously or just shortly after they show you.  They can’t just give these new currency notes in your hands because you guys will not fully understand.  It must not fail with you.  Once that step has been accomplished they will show a new exchange rate.  IMO the new exchange rate will be more toward the end of the year closer to the beginning of next year or it will be given to you on the 1st... [Post 2 of 2]

Wolverine – Dinar Guru  Just letting you all know that I have received incredible news that the RV is definitely going to be released and notifications will be coming out any day now. The meeting with HSBC went fantastic.

Mountain Goat – Dinar Guru  …there is one important issue I need to cover closely today.  It is the quantum financial system…They are now coming out in the public and talking about implementation of the QFS…The central piece of the QFS is to be able to track and convert existing currencies in the SWIFT system into a gold-backed Basel III, IV and V compliant currencies…I believe…they are now getting ready to implement the QFS currency piece. The piece that we investors are waiting for.  [post 1 of 2]

Mountain Goat – Dinar Guru  Of course there is much coordination with the CBI so that the RV and Reinstatement of the dinar will coincide with the timing…They can not implement the QFS for the currency reform piece until they are…Ready to release the new currency rates and SDR baskets.  Today they gave out news to the public to inform us that QFS for currency reform is coming shortly. This is amazing news and is one more item that points to the real possibility of our January 2022 reinstatement of the IQD with the new rate along with the other currencies in the new SDR basket. [post 2 of 2]

Pimpy – Dinar Guru    Finally a portion of the announcement I’ve been waiting for has arrived… Article:   “Lukoil announces the discovery of the Arido field in Iraq, with reserves of 7 billion barrels”  Remember I told you there was a big field of oil that was discovered and I didn’t know why they hadn’t announced the discovery of it yet but it should put them about as much oil as Saudi Arabia if not in font of them?  This is part of that.  This ain’t even the big one yet.  Now they’re starting to make this announcement.  I was waiting for this months ago.  I’m not sure why they delay…you can see right here they’ve announced, ‘Oh look we magically just discovered...’ I knew about this months ago (Guest Guru Nate was the one who told me about it)

MilitiaMan – Dinar Guru  …The project to delete the zeros from the exchange rate of the Iraq Dinar (IQD) is not new and has been on the table for many years of the Central Bank of Iraq (CBI). The project has had to evolve along with the education process for the citizens…Many obstacles have been in the path of success to actually deleting the three zeros from their exchange rate…the PM himself having survived …the recent attempt in the Prime Ministers life…assured the country that he was moving forward with reforms.  …There are many examples that project to delete the zeros is not something that is to be studied now, as it already has been studied and the study supports that it is time for implementation…

Kaperoni – Dinar Guru  Iraq is in IMF Article VIII [?] That is incorrect they are an article XIV. This is verifiable by going to http://imf.org and under Iraq choose Iraq’s position in the Fund.

Sandy – Dinar Guru  Article:  “Central Bank:  Move to open branches of Iraqi banks in Turkey”  The Central Bank of Iraq is in discussion to open branches of Iraqi banks in Turkey.  Does this mean we may be able to go to Turkey to exchange our Iraqi dinars?

Pimpy – Dinar Guru  Article: “Washington Post writer met Al-Kazemi in the bombed house:  The strike made the second term certain”  The attempt on his life most likely backfired because he has drawn a lotto sentiment from all factions out there…this is good news IMO…4 years with Al-Kazemi is going to be interesting to watch…he has done a lot in such a short period of time.  I’d like to see him continue that…we’re going to get to the bottom of things and then we’re going to hear the results of the election…next week coming up is going to be a really interesting week in Iraq…

Breitling – Dinar Guru  Question: “When Iraq puts value on its currency will it start out at .40 cents, .50 cents?  I’ve heard they want to get it to a dollar.”  That’s exactly what they want to do.  At a minimum they want to get it to $1.17.  Remember parliament, The Ministry of Planning, The Ministry of Finance wrote a letter to the IMF – ‘can you help us get our currency back to $3.25‘.  ‘Absolutely we can help you do that.‘  But it’s a process…the .50 cents and above – where that came from is what do they need to have a GDP that can maintain the country and help it grow at a healthy 4% per year and…help expand their markets.  At the point I was doing that math (it might have changed a little bit) it was like .58 cents.  The best math we could come up with.

Kaperoni – Dinar Guru  …The dinar has value. It is not a lottery ticket therefore it is not worthless. Hopefully with the success of their economy they will raise the value but it’s going to be overtime.

Pimpy – Dinar Guru  Article: “For the second day, the dollar exchange rate fell”  That’s right the dollar is losing ground on Iraqi dinar but it’s not like it’s huge leaps and bounds.  They’re very small but the dollar is becoming weaker and Iraqi dinar will become stronger…

Mountain Goat – Dinar Guru  Article:  “AL-KAZEMI’S FINANCIAL ADVISOR TALKS ABOUT CHANGING THE EXCHANGE RATE”   …this article does not tell us what they mean by changing the exchange rate. Could this mean back to the pre-devaluation program rate or the RV we are looking for? …anyway you look it, the news is very good. We know that under Dr Shabibi the monetary reserves of Iraq reached $90 billion. …they have reached a record high and so they must be over $90 billion reaching close to $100 billion. If oil continues to rise, as they project it will, Iraq will reach over $100 billion in reserves...

Pimpy – Dinar Guru   I’m not saying that an RI or an RV won’t be announced.  I’m saying that it makes more sense to me they’re going to let it go up in increments.  In fact it says something similar in here.  Article quote:  “…it is possible for the state to gradually improve the Iraqi dinar exchange rate because the shock method adopted and change in the exchange rate was not appropriate…”  More talk about the rate change.  That’s good…there you have it the talk about the rate change happening once again…

Kaperoni – Dinar Guru   So what are we waiting for? That is a question that everyone asks. The truth is… Iraq was devastated in the war and their infrastructure was completely demolished. This is a complete rebuild from the ground up…They also need to implement and encourage latest technology throughout the government, banking system, and educational system to educate the citizens. Not an easy task.  And then you need to bring multiple global businesses, organizations into Iraq to facilitate. [Post 1 of 2]

Kaperoni – Dinar Guru   It is a huge undertaking. And like  I said numerous times, until Iraq’s economy prospers the Iraqi dinar will not go up in value.  So we need the newly-elected parliamentary members to be sworn in and begin to pass the necessary laws to encourage foreign investment. We need stability in Iraq to continue. We need the new prime minister to continue to implement reforms…    [Post 2 of 2]

Breitling – Dinar Guru  Question:  “Is it a fact that Iraq has lower notes in their banks?”  No…unless the CBI talks about it or one of the banks in Iraq talking about it why would you even contemplate it? 

Vital Brad – Dinar Guru  Article: “Iraqi banks get a rating from international agencies”  Article quote:  “19 licensed banks in Iraq have obtained a rating from the accredited International rating of agencies – Capital Intelligence, Fitch, Moody’s Standard and Poor…”  Wow!  Article quote:  “reflects the development and the performance of the banking sector in Iraq and the solvency of banks and is evidence of their compliance with local and international standards...”  That changes everything.  Holy shit.  It’s saying Iraq is international standards. 

Kaperoni – Dinar Guru  Raising the value of the Iraqi dinar is not an arbitrary event it is a tool used to counter inflation created by economic growth, success and a influx of capital in Iraq’s economy.  Until Iraq passes laws, and begins to build their economy nothing is going to happen… If the dinar goes up in value it will be gradually via a float over time as Iraq’s economy grows…

Pimpy – Dinar Guru  Yes, that’s right there’s talk of an exchange rate change and that’s got the big-what-to-do going around the dinar community…  Article:  “After the rise in oil, expert reveals the possibility of reducing the dollar exchange rate with this mechanism“.  Here we go.  This is what everybody’s talking about…What they’re talking about is decreasing the dollar against the dinar – giving the dinar more purchasing power.  That’s the direction we want to go into… [Post 1 of 2…]