Dinar Observer Daily

Mountain Goat – Dinar Guru  Article:  “LEARN ABOUT THE CRITERIA FOR REPLACING DAMAGED BANKNOTES IN IRAQI BANKS”   Why this article and why now? The CBI is finally taking in these large scale stashes of banknotes hidden under mattresses and buried in the backyard. They need now to set standards of how they will exchange these not so good notes. After all this was part of the point of devaluing the dinar in the first place. They needed to get the people to realize that the US dollar is worth more than the dinar and so turn in the dinar for US dollars. They needed to really shake them up. The longer they hold on to the 1450 rate the more dinar stashes will come forward…

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Frank26 – Dinar Guru  Article:  “Punishment: Dollar speculation with corrupt banks cost the state a trillion dinars a month.”  Not anymore.  We stopped the auctions and we got Iraq a little bit under control.  Quote: “to restore the unfair decision agains the Iraqi economy to raise the price of the dollar and return it to its previous era.”  This translation ugh!  But you understand don’t you.  To raise the value of the Iraqi dinar against the dollar and return it to its previous era…that’s what Dr. Shabibi said would happen and that’s what’s happening.

MilitiaMan – Dinar Guru  Article:  “The Federal Reserve’s systems for transferring money and financial assets among banks, businesses and government entities went offline for a period of time on Wednesday, upending crucial parts of the country’s financial infrastructure.”   Lets see if the Digital System had a reset with the Fed yesterday has anything to say about the winds of March…I suspect that shut down “operational error” yesterday was on purpose or was it? …Apparently that has never happened before.   [post 1 of 2]

MilitiaMan – Dinar Guru  My view is it is possible that shut down (OE) by the FED was a potential global notice given out, that change is coming…Kinda like, hey world we are resetting the system, rebooting...Then we resume like nothing happened, until x date which may be within a very short predetermined window with a new adjustment made… everyone would have had to have been given equal notice, and once the adjustment is made, a level playing field is set in motion and all are on equal footings…So did the FED test the system live in real time to see how it would work out? Then if successful, notice has been given, then game on?… [post 2 of 2]

Dinar Invester – Jeff   the news that’s coming out is finally getting better and it’s really what we’re looking for…In Iraq the citizens technically own the oil.  They’re entitled to a percentage of the profits and proceeds from oil…Iraq’s already had their oil and gas law drafted clear since 2005…what it’s waiting on is the rate change.  They cannot implement the oil and gas law…until the rate changes…it will be just like the country of Kuwait or the state of Alaska…they will get oil wealth.  Article:   “Iraq is preparing to pass a law to regulate oil and gas wealth.”  This is huge…they’re telling you they’re bringing this forth now so it’s going to be in the 21 budget.

Mountain Goat – Dinar Guru  Article:  “KHAS…AL-RAFIDAIN BANK (LARGEST IRAQI BANK) LEAVES ARTICLE SEVENTH”   many gurus are confused over this article. We are really taking about Chapter 7 not article 7. Currently the CBI is operating under article 14 and needs to move to and thus operate under article 8 of  the IMF charter. Article 8 in “normalcy” for monetary policy. This is where most countries now reside in dealing with the IMF in monetary policy. Many suggest that Iraq is already in article 8 and that may be the case too but we have no definite evidence of this as they have not yet told us. Let’s just wait and see what happens once they get the 2021-2022 budget passed.

MilitiaMan – Dinar Guru  I don’t believe they’ll go out and float it [the dinar] this early on [after rate change].  If they stick to having it fixed going into the future it will help contain the inflation…

Dinar Investor – Jeff   They [Iraq] are gonna have two sets of notes in circulation.  They’re gonna have large notes and small notes…two sets of notes will coexist together utilizing the same exchange rate…this is just an example.  Let’s say the rate is $3 – if the rate is three a 25 note is $75 after the rate change…a 25000 dinar note times $3 is worth $75000.  Both the 3 zero notes and the smaller notes below 100 will have the same exact rate.  They’re not going to have different rates…you’re in a great spot…

Pimpy – Dinar Guru   Article: “The Iraqi government expects a rise in foreign reserves of $4 billion by the end of February”   this is a good thing…quote “according to the immediate office of the Prime Minister that the foreign exchange reserves of Iraq began to rise after it was threatened with collapse and is expected to increase by nearly 4 billion dollars by the end of the month…”

Breitling – Dinar Guru   [Question:  What comes first – Does Iraq need to build their economy in order to increase the rate or does Iraq need to increase the rate first?]  Iraq needs to increase the rate first to build an economy.

Mountain Goat – Dinar Guru  Article:  “OIL DEMAND EXPECTED TO PEAK AND $150 PER BARREL PRICE EXPECTED”    ...the price of oil does affect the budget and the rate at which the dinar will revalue at. Remember that there is going to be an in-country RV first as they proceed with the project to delete the zeros simultaneously and then later (much sooner than later) there is going to be a reinstatement of the dinar. So, there are two different rates to consider. We are outside Iraq and so the rate we consider is only at what rate the banks in our country will offer to exchange our dinar at. This bank rate will most likely be 2 or 3 times the rate offered in Iraq.

Dinar Investor – Jeff    Iraq is walking in Kuwait’s footsteps.  Kuwait reinstated their currency on March 21, 1991 on Sunday…Iraq is transitioning to the same original fiscal year exactly where they were before the 1990 sanctions.  They’re going back to their original fiscal period.  I already spoke with the Iraqi government so I have confirmed this.  I know for a fact Iraq is transitioning.  That’s why they told you they’ll be presenting the budget in just a few months…we are in the best position.  History is repeating itself between Iraq and Kuwait…we are very very close to this…

MilitiaMan – Dinar Guru  …I think the endgame is near.  I think we’ve got a convergence…I’m very excited by what we’re seeing…

Mountain Goat – Dinar Guru   Yes, there is hope for an RV sooner than later but the Iraqi 2021-2022 budget will have to be passed first and that is not even scheduled to later this week…

Breitling – Dinar Guru  [Question: Can you tell us if we’re still in a good place with this investment?  Just wondering since Biden undid some of the things Trump put in place.  Did this help this investment or hinder it?]  It didn’t do anything.  Iraq had a game plan if Trump won and they had a game plan if Biden won.  BTW that’s how all governments work...you should have a plan no matter how confident you are in a candidate.  No matter how it turns out.  You have to have a plan for one side and a plan for the other side.  Don’t ever be lazy…this has not hindered our investment one way or the other I promise you that…

Mountain Goat – Dinar Guru   …there is still much hope to see the reinstatement sooner than later. Yes, we may not have to wait until 2022. There is so much pressure to delete the zeros and raise the rate to be competitive to the US dollar and re-peg the dinar.

BobTheTaxMan – Dinar Guru    We’ve had a change in our presidential administration.  And yes we’ve seen already him step forward and make some pretty drastic changes…one of the things I want you to be aware of you always have to have a plan.  Plan A.  Plan B.  Under Plan A if Trump had continued to be where he was at we as IQD holders were in a phenomenal position.  I mean holy cow you couldn’t of dreamed and asked for anything better than what that tax situation was providing us as investors.  Now it’s changed.    [post 1 of 2]

BobTheTaxMan – Dinar Guru   Even though you may have put a plan together earlier it would still serve for you to reconsider that because the estate taxes have changes.  The income taxes have changes.  There are so many things that have happened you have to relook at what you’re doing…we are coming to what I…feel is the conclusion of this particular investment opportunity.  If you’re not prepared there’s no recovering. There are certain things that have got to be done before the RV.  No ifs, ands, maybes or buts…we don’t know the rate.  We don’t know the date…be prepared no matter what happens…   [post 2 of 2]

Breitling – Dinar Guru   [Question:  What do you think the dinar can revalue at if it revalues in the next few months…Is March/April still the target date for revalue?]   …It’s between .55 and .66 cents.  .55/.66 cents was before the oil markets took a big hit…as far as a time frame from what Iraq is looking at – remember they wanted to devalue their currency, renegotiate on paying back their loans at a cheaper rate and then see where they’re at and hit that milestone in April.  That’s exactly what their words are.  Meaning, what can they do.  How are they going to treat the currency.  That’s not off the table.  That’s still there.  That means a lot for you and me.

MilitiaMan – Dinar Guru  Article:  “The Iraqi Interior Minister arrives in Saudi Arabia at the head of a high-level delegation”   Quote:  “Without disclosing the purpose of the visit, which had not been announced previously.”  [Perhaps they are there as part of the launch of the new electronic payment system (QFS).  BTW, set for launch today…] Perhaps…I would say your spot on. Things of this nature are not by coincidence, they are by design and a purpose…imo…

Dinar Investor – Jeff    When the rate does change Iraq will…have large 3 zero notes and smaller notes...the lager 3 zero notes and the new smaller notes are all still being as IQD.  Nothing is replacing anything.  Nothing is being cancelled out.  What will happen over a period of time is the large 3 zero notes will be removed and withdrawn from circulation…when the rate changes…you’re going to have large notes and small notes in circulation together at the same time sharing the same new increased exchange rate…that’s how we get blessed from this...

MilitiaMan – Dinar Guru   Article:  “Advisor Al-Kazemi: Iraq is on the edges of economic recovery in two areas?…”   Quote:  “It was also “expressed” in the white paper recently approved by the Council of Ministers by establishing a blueprint and an institutional entity (for economic reform), which is the linchpin of this developmental sustainability.”  Looks like Iraq has been given the GREEN LIGHT!! …I like the use of the word expressed…It means to me they have a mechanism that has an expression to it. As in an international way of expressing their mechanism or exchange rate to the world that is in the white paper recently. They’ll need it as it is the CORNER STONE or foundation of the reconstruction effort and the overall country’s reforms going forward…Imo. Game is about to kick off. imo.

Pimpy – Dinar Guru   Article:   “Mazhar Salih: Iraq is on the brink of economic recovery”  Yeah, just that quick.  Magically what are we seven weeks into the year – we went from having huge deficits to now we’re already in the recovery?  …it’s almost already close enough to start slowly but surely rising the value of the dinar to its true value.  That’s just my opinion…

MilitiaMan – Dinar Guru  Article:  “Parliamentary Finance Explains The Reasons For The Delay In Paying Employees’ Salaries”  Quotes: “salaries will not be delayed this month or the coming months and they are fully insured.” ; “…the delay that accompanies the payment of salaries every month is borne by the Accounting Department at the Ministry of Finance for its reliance on old mechanisms in banking transactions…”  This sure looks like there is a consensus in that they know a new mechanism is coming into play. Modern is not in the old but new mechanism. Well that to me suggest they are to pay in a timely manner with a new rate (mechanism) in the future. A mechanism applied in such a manner that fully insures payments will be on time and not delayed any longer. Thereby, we can deduce they have a digital system coming into play. Probably one that will interlink with not only internal transactions but, regionally and globally…imo. I like it…

Pimpy – Dinar Guru   …something is definitely happening… March seems to be the month.  What “it” is I’m not 100% sure. I’m monitoring all the chatter amongst those who know and trying to get definite details that I can prove.  All I know is there’s a lot of scurrying going on and everything seems to be pointing towards the month of March.  What it is I don’t know and that’s frustrating because even the people I rely on that do know – even they don’t know.  They just know something is coming up.  I’m not trying to get people overly hyped or really excited.  What I’m trying to say is we have no idea what it it is.  It might be good it might be bad.  I’m trying to find out for you guys…

Dinar Investor – Jeff    Article:   “Mazhar Salih:  Iraq is on the bring of economic recovery”  …He’s the former number 2 man of the central bank…when the central bank talk that’s when you listen…I told you from when Iraq completed that Borrowing Law they could change the rate at any time…they were walking you into the season of the rate change.  This article confirms you’re there…the rate change reduction…December 20th.  What they revealed to you is they had a specific goal that had to be reached in a specific amount of time.  That’s why they had to do it on December 20th…they implemented a 90-day tool to reduce the note count in the country of Iraq to get the 3 zero notes out of circulation.  They needed 90 days on that…for it to be effective and get more than enough notes out of circulation…

MilitiaMan – Dinar Guru   …from the articles out about the White Papers and having the extreme pressure to alleviate the pain of 1460…The change to another era is just as important now than ever. In my view, there is no going back… imo A good thing…imo.

Breitling – Dinar Guru   [What if we would have our money into bitcoin instead of IQD?] ...I’m not against cryptocurrencies.  It’s a great way to store value.  But there’s a huge risk here...What adds value to the bitcoin?  No body knows…they just shut all cryptocurrencies off in India …Because they noticed that the supply x velocity of their local currency was going down.  They traced it to people investing in bitcoin…that’s exactly what the United States is going to do.  I don’t know when that is because there are so many U.S. dollars out there…If they get shut off you’re not going to be able to exchange it for anything else.  You are stuck…That’s one of the most riskiest things I can think of... [Post 1 of 2]

Breitling – Dinar Guru   There is a whole group of people that plan on storing their wealth in cryptocurrencies for the rest of their life.  I can promise you it’s not going to happen.  Sooner or later it’s going to hurt the supply x velocity of the U.S. dollar and it’s going to get shut down…what actually adds value behind a cryptocurrency?  Nothing…What country is backing their local currency with bitcoin?  It doesn’t exist…That’s all you need to know…What can you buy with the cryptocurrencies?  You can’t…you can’t pay bills with it.  You can’t pay medical bills with it.  You can’t go buy a car with it...I’m not telling people not to get into it..But I’m telling you there is a wall and that risk is too big… [Post 2 of 2]