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]

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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…]

Pimpy – Dinar Guru   Quote:  “an economic expert revealed on Wednesday the possibility of returning the dollar exchange rate to its previous era…”  When they say era I think they’re talking about where it was prior to this last move.  Instead of getting 1450 dinars for every dollar you’re going to get 1190 dinars…not the big jump.  Not yet.
 I do think it’s going to go up in increments a lot faster than people think.  We don’t have to wait for an RI or an RV.  Through a normal course of how currency gains its purchasing power we can watch for that because it seems to be happening… [Post 2 of 2]

Mountain Goat – Dinar Guru   …Changes are coming and these changes we will like. This is when we will get the reinstatement…

Holly – Dinar Guru   I am going to say very little. We are close. Do not fret the hour or the day. Do not question all the details. Know it is happening and underway…

Pimpy – Dinar Guru  There’s a lot of people expecting this RV announcement or an RI announcement and I’m not saying that’s not going to happen but I’m saying the most likely scenario is we just pay attention to what’s going on in the country and then we could watch as time goes on and they continue to get back on solid ground they start to restore the nation you’re going to see quickly over a couple years it [the dinar rate] jump up in huge increments…

Pimpy – Dinar Guru  {Election}  It’s looking good.  There are some discrepancies but hopefully nothing major.  Let’s hope that all the right people we want to see get in office get in there because we want to see them raise the exchange rate of the dinar against the international communities…

President Saleh: The end of the elections is a starting point for the desired reform

Baghdad – The President of the Republic, Barham Salih, stressed, on Sunday, that the completion of the elections is a starting point towards the reform that the people seek and an affirmation of their democratic choice.

Saleh said in a statement, of which “Nass” received a copy, on September 10, 2021, that the completion of the elections is a starting point towards the reform that the people seek and an affirmation of their democratic choice.

“We thank the government, the security services, the Electoral Commission, and international observers for preparing the requirements for success on this historic day,” Saleh concluded.

Dinarupdates.com/blog

Mountain Goat – Dinar Guru  Article:  “MR. AL-SADR: TO RESTORE IRAQ’S PRESTIGE AND STRENGTH. WE WILL FIGHT THE CORRUPT BY LAWMR. AL-SADR: TO RESTORE IRAQ’S PRESTIGE AND STRENGTH.. WE WILL FIGHT THE CORRUPT BY LAW”  Okay, so now we have the support of Sadr and Al-Kezemi in the White Paper reforms. How can the news get any better?

MilitiaMan – Dinar Guru  Article:  “The Cabinet Secretariat approves the mechanisms for lending large projects”  If this article is suggesting they have an approved mechanism (as an example that a Dinar is equal to a Dollar), then they did a good job leaking that out. They did that on the back of the Sadr horse with one heck of a start out the gate in respect to changing the value of the exchange rate! If that is the case I can understand a gradual increase from there with a managed or directed float. Regardless this is looking very good and timed with urgency. There are to be procedures in place on the 17th per the CBI for foreign currency exchange… Being 1:1 at that time may very well be necessary so that the Dinar can begin the journey to being in the ranks with global currencies!!…

Claire – Dinar Guru  Article:  “The International Monetary expects significant growth in the Iraqi economy and a decline in inflation in 2022”  Quote: “the gross domestic product is expected to grow significantly, outperforming all oil-producing countries, to reach 10.5 percent...

Pimpy – Dinar Guru  Article: “New Instructions for buying and selling foreign currency for the year 2021 and the stability of the dinar exchange rate”  This is the one everybody’s talking about…the wording in here is a little eye-catching…what I like is the fact that they’re saying they have to hold enough foreign reserves to be able to handle any kind of exchange that comes in. Now calm down…That doesn’t mean there’s going to be a rate change…they’re definitely building up the private sector and that’s what they need to do...just so you guys know part of the calculations for any foreign currency to have its value is the amount of foreign reserves that it has and it appears Iraq is getting there.

Desert Advisor – Dinar Guru  A few weeks ago it was announced by one of the representatives about the price of oil.  Quote: “Representative Al Nassif called on the Minister of Finance to reduce the exchange rate of the dollar after the price of a barrel of oil exceeded eighty dollars…”  They are announcing publicly from pretty much their members of congress talking about they want to raise the rate.