Dinar Observer Daily

Kaperoni – Dinar Guru   Appears Iraq has agreed to a 3 year international trusteeship made up of 7 countries to help them move their economy forward and solve the financial crisis.  This is big news…

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Pimpy – Dinar Guru   Article: “Trump delivers remarks after announcing Sudan will normalize relation with Israel” …we’re about to see the most prosperous time in human history…watch Trump get his now fifth  Nobel Peace Prize nomination this year…I’m expecting these types of announcements to really help outside invests feel really good about coming in there.  The more they see these nations cooperating with one another and agreeing to peace and willing to work on the international scene and bringing businesses. This is really good.  This is a good time to be holding Iraqi Dinar…they’re doing really really good and so you should be very excited…

MilitiaMan – Dinar Guru  Article:  “Britain will receive 5,000 artifacts to Iraq early next year, and Al-Kazemi reviews them”  One has to think that they cut a deal. They didn’t get those artifacts with out strings attached. There has to be a good reason and it is not at a cost with a program rate in mind.. No, the deals in investments, reconstruction, energy all come with a cost of a real international rate. The secondary markets require it. This sure looks of…you do the right thing, we can get this back to you after you show the world the new rate…Game on folks, game on… imo.

Mountain Goat – Dinar Guru   …the overall plan to also reinstate the dinar and re-peg it to a basket of 5 currencies thus the rate of the exchange will change outside of Iraq thus giving Iraq more purchasing power thus more ability to buy more goods and services. The dinar will be worth more outside of Iraq . It is the globalization of the dinar that is important and deleting the zeros is just step to help get there…

Pimpy – Dinar Guru  REPORT: “White Paper for Economic Reform” Now that we have the details of the “White Papers” or The Economic Reform Papers you guys can see the details for yourself because there is some exchange rate talk… quote “Review the current exchange rate of the dollar against the dinar.”  Again, listen, they said they’re just reviewing…as the dollar continues to get weaker other currencies will rise up against it.  This is good for those of us holding on to foreign currencies as an investment.  We want to see that…quote “establishing new trade markets such as commodity markets and a currency exchange market.”  We need to see the Iraqi dinar become eligible and start trading on the Forex…they’ll probably just float the dinar and let the market decide from there what the exchange rate is…that’s good news.  We need them to unpeg from the U.S. dollar…

Petra – Dinar Guru  I gotta believe that a lot of those International market players are already lining up because they read the articles like we do.  Those finance guys.  Those hedge fund guys read the articles like we do.  So I’m sure they’re excited as well…we’re in a great spot.  I’m excited.  The wife is excited.  We’re just looking forward to this coming to an end…we’re in a great place…we’re right there.  There is no question about it...let’s see what they decide to do…

Adam Montana – Dinar Guru   […how close are we?…]  In my opinion…we are now finally inside of a 6 month window. Do, or die, within that timeframe.  I know, I know – I wish is was 6 days as well.

MilitiaMan – Dinar Guru  Article:  “The White Paper for Economic Reforms: vision and key objectives”    Quote:  “The Iraqi government has formally adopted the White Paper for Economic Reforms prepared by the Crisis Cell for Financial and Fiscal Reform.”   No matter how we slice this, they need an international exchange rate prior to launching. They European Bank of Reconstruction and Development is in the final stages for Iraq’s ascension to the bank. It is with them and along with the Global Accounting Firms of Ernst & Young and Pricewater House – Cooper that are involved with the final requirements. To get to the final requirements tells us this White Paper has already been in play for many months and years already.  To meet with the EBRD and E & Y and PWHC is for to implement it internationally. [post 1 of 2]

MilitiaMan – Dinar Guru    They mention…reviewing the Dollar/Dinar Exchange Rate and…they talk about new markets that include commodity markets and above all FOREX. The final requirements appear to have to do with those two key elements of where we are at with this stage of the White Papers. The rest will be over a 3-5 year period. There is an article telling us that the Director of the CBI as of recent, that an exchange rate is expected from 120 – 121 IQD to 100 USD. That fits with internationalism. So the final decisions most likely sorted… Very very very exciting and powerful times we are in. Lets see what the CBI says when they get home… The banks are open for accounts today and tomorrow, fwiw too. To have an exchange rate change as the CBI Director has said would require the NSCNs(LD’s) … imo.   [post 2 of 2]

Kaperoni – Dinar Guru   Why are there so many articles about floating the dinar over the years?  Because that is how monetary policy truly works. Exchange rates rise as economies grow. Nothing Is random…

Pimpy – Dinar Guru  I’m speculating, it’s just my opinion, you’re either going to see this revaluation of the Iraq dinar happen either before the election or sometime in January.  I don’t like doing dates and rate but there’s a lot of other things that are happening around this timeframe and I have a feeling the IQD is going to play a huge part of this…I don’t have any proof of what I’m saying..I’m just saying to you based on a lot of conversations that that I have with different people, based on a lot of news that I’ve read, based on a lot of articles that I’ve read, there’s some type of race going on, there really is, as far as what monetary system is going to be used.

Dinar Investor – Jeff  …They probably released the most important piece of news today that we’ve seen this entire year…Article:   “Urgent Parliament holds a session next Saturday, completes electoral districts and reads the law on financing the fiscal deficit” …the borrowing law is needed…they’ve told us factually in the news that the large deficit within the budget is the reforms…they’re saying on Saturday they’re going to start the first reading of the fiscal deficit…this is probably the most important news that you’ve ever seen this entire year…This is huge.

MilitiaMan – Dinar Guru   Article:  “A member of Parliament Finance sets an expected date for the October salary distribution”  Quote:   “He emphasized that the government should proceed with its reforms, noting that the Minister of Finance said that the White Paper will be implemented as of January 1, 2021.”   …Reforms are a part of the White Papers. What the White papers are yet to have exposed to the masses, is first and prior to any implementation of the White papers, is a rate at which the reforms will be allocated in and to! Yep, prior to the end of year salaries that are yet to be determined Or have yet to be paid is a rate for the last final 4 months of the year…

Petra – Dinar Guru  Question “Do you think that the reinstatement of the Iraq dinar is about to work?” Is that a rhetorical question?  Yes Absolutely it is.  That’s one of the reasons why I’ve been so quiet because I’m just waiting for them to make their move.

Mountain Goat – Dinar Guru  We know that in order to do this FLOAT they will NOT use the program rate and the currency auctions must be stopped in order to “reinstate” the dinar. They also…talk about “increasing the GLOBAL DEMAND” which we all should know by now means to get rid of the auctions and get it back on FOREX and use the dinar for trade once again.  But as usual some economist also do not agree with Dr. Shabibi and the CBI in wanting to do this FLOAT…So this only confirms to us again that they are serious about the FLOAT. We know the process that is involved and it means first accomplishing the “project to delete the zeros” and so articles also talk about doing this now too along with the thinking of the FLOAT. Folks this is all “WOW!” and fantastic news for us…

Adam Montana – Dinar Guru    Red herrings…False flags… Chicken littles, running around yelling about the sky falling. You know what I’m seeing?  The home stretch. …we are approaching the most critical and crucial time in history for the Iraqi Dinar.  …This recent string of “concerning news” is the best thing I’ve seen in a long time!   Article:  “Collapse of the dinar is possible”  This is a prime example of what we expect to see immediately before the RV.  They want as much dinar sold back to them as possible.  I’m not suggesting anyone “buy on bad news” – but I certainly won’t be bailing right now!  This is the make or break time for Iraq – for better, or worse, we should have closure soon.  I think we are headed in a great direction.  Go Iraq…Go Dinar…GO RVVV!

Dinar Investor – Jeff  …the citizens started protesting last year on October 25th.  The citizens are saying they’re going to bring it back and do it again…the citizens are only giving the government until October 25th of this year to have the reforms done.   This is looming in the background…

Pimpy – Dinar Guru  …there is an article that I think is a super huge big deal…because it’s gonna make a huge difference on what’s going on in the Middle East and that includes obviously Iraq…  Article:   “A Saudi Prince Declares Independence From Old Obligations” …this news here is huge…nobody wants the status quo anymore and this is important for what we want to accomplish over in Iraq…you’re gonna see the middle easy really really have an economic boom…I’m anticipating one more peace agreement probably coming out this week if not the following week.  I think you’re gonna see Iraq along with Jordan come on board…This is great for a short term and long term investment into Iraq. The more stable that whole entire region becomes the easier it is to attract outside investors in who can help your economy boom…this is big news.

Breitling – Dinar Guru  …A lot of people keep asking me ‘Why do you have so much confidence in the Iraqi dinar?’  1.  Iraq has the U.S. dollar to back it up.  That’s the bedrock of Iraq.  2.  They can get loans that help them get more dollars.  They’re selling oil, not only that, they have resources where they can get loans and they get it in the U.S. dollar…I can’t wait.  It’s coming.  I promise you…have a plan when it revalues…

Petra – Dinar Guru  …we’ve got Mnuchin in the Middle East…At the very same time we’ve got Kazemi in the European theater.  Both are doing business.  They’re not there for a tea party.  They’re both there to do business.  And that is going to position Iraq into a great opportunity of being the central country for business and trade in the Middle East…yes they are Article 8 but they need to do one more step to be formal and that would be to announce their new rate…

Pimpy – Dinar Guru   …I cannot tell you why there is so much movement between governments that involve the purchasing of Iraqi dinar.  We don’t know why but what I can tell you is when I tell you that governments are buying Iraqi dinar they are buy BUYING Iraqi dinar! …There’s a lot of countries that are buying it for some reason.  There’s rumors that it’s going to be the “poor man’s” reserve dollar… there’s no real “where are we?” It’s kind of really up in the air.  But IMO it can’t stay this low in value.  It’s impossible.  It just can’t function this way.

Mountain Goat – Dinar Guru   Ok so the status of the reinstatement has not changed. We are still waiting for articles to come out to verify earlier news that they are now re-educating the citizens in the newer denominations and coins. It is hard to trust sources even in Iraq as they are lying to us now. So we must verify and double check. Let’s all be patient and see how this plays out.  It is mid-October and so we have to see something soon.

Pimpy – Dinar Guru  …I want to show you guys something because it’s very important because even in Iraq they’re talking about it now…there is a ton of concern about who wins our election… Article:  “In Iraq…3 files await the outcome of the U.S. Elections”  …Biden is going to continue Obama’s policies…when is the last time we saw a terrorist attack in the United States or even anywhere around the world? How many times has that happened under Trump?  Let that sink in for a second…I just wanted to share this news because there is concern.  There’s a lot of people that really do want Trump to win.  They do not want all the terrorist attacks to start up again all around the world…

Kaperoni – Dinar Guru   Shabibi maintained IMF compliance (2% stability) from late 2011 throughout 2012 prior to announcing his intentions. Currently, under the new governor the spread is now close to 5%.  Meeting exchange rate stability is a prerequisite to acceptance into IMF Article VIII. As we have stated before, once in compliance (2% or less) they must maintain it for at least 90 days. Ali al-Alaq maintained stability and the 2% compliance as well for 16 to 18 months and never made the move to Article VIII. Which I assume is part of the reason why he was replaced recently.

StephenMac63 – Dinar Guru   If they RI at 1 to 1…the iqd is already in use inside of the country, what they are looking for is a better value than 1190 it’s sitting at now.  CBI said the value will be 1 QD will equal 1 USD. That’s for the inside of the country.  The Reinstatement…thats for Iraq to have bragging rights to the world. This will be seen on Forex, CBI website, and at your local bank.  If Iraq was reintroduced to the world at a rate of 1 USD per 1 IQD, what would happen? Yes, many of the Dinarians will jump off the train and head-on with their lives. CBI is expecting that in any case. But more importantly, there were several laws that were put into place…and this allowed them to be International…of which has more value than being under sanctions, therefore, it’s highly probable that we won’t ever see 1 to 1. Iraq will always see, in-country, that 1 USD is 1 IQD. But it’s the value that counts.  [post 1 of 3]

StephenMac63 – Dinar Guru   Once it’s International and if it came out at 1 to 1, Forex would get a hold of this, and the currency market would be in a flurry. The only reason Forex would get a hold of it is because it would be international. With that labeling comes Laws, that offers protection to both Iraq and to International investors. As an International Investor, you would want International protection… and this is offered with the laws. What kind of International Investor would purchase large amounts of IQD once it’s International?  Hedge Fund Firms…if they see that the IQD is at 1 USD and comes with legal protection, you can bet they would try and buy every single IQD possible because once it hit $4 per IQD (speculative), they would have made 3 dollars profit on a 1 dollar investment.  [post 2 of 3]

StephenMac63 – Dinar Guru  It is, for this reason, I do not see 1 IQD be 1 USD on Forex. I expect more. Yes, it will fluctuate at some point but everyone has to decide how long they want to be in it for. Liberal Hedge Fund firms will take a chance on getting involved with something speculative in hopes of striking it rich. Conservative firms will generally stick with a tried and true process, but they don’t make as much, per se.  My guess, with the number of people that hold the IQD at this moment, 80+/- percent will exchange at a dollar (if it’s even available at that upon entering the International arena)…and it wont take two weeks, probably more like 1 week. OK, more like 4 days max. The other 20 percent will probably exchange a note, set themselves up, pay off bills and start their plan while they wait and watch…just a guess…Imo, of course.   [post 3 of 3]

MilitiaMan – Dinar Guru   Article:  “The government intends to apply income tax to salaries and allowances, starting from the current month”  …there are many things showing up that equate to more pressure. This would be one of them…Putting taxes on them without Purchasing Power? That will not fly…imo!

Adam Montana – Dinar Guru   …Parliament is in session, although with the exception of this mention of “White Papers” it would appear that nothing spectacular is happening. I’m not reading anything into the “White Papers”…They aren’t going to announce “hi we plan to raise the rate next week lolz” – that’s just not the way this works. They would lose the chance to capitalize on the RV, and they simply aren’t going to do that.  So, what IS encouraging?… [post 1 of 2]