Dinar Investor – Jeff Article: “Oil continues to rise and Brent is touching $67 a barrel” Iraq has not gotten any loans recently. They don’t have to get loans now. They have plenty of money from the oil surplus. Now that they have a surplus of money…they technically don’t have to change the rate either. They have plenty of money coming in now…the Central Bank told you they’ve implemented the reforms at the current rate of 1460…
BGG ~ We buy (and sell) Dinar. If you would like to sell Dinar – please call me directly, leave a voice mail, send a text (615-509-6256), an e-mail (firstname.lastname@example.org) or Facebook message me for a current quote and details.
MilitiaMan – Dinar Guru There is plenty of data out from prominent economists…of recent mentioned clearly…that there is…a focus on the matter and that the HCL needs to be sorted and quickly… Digitization will have that taken care of. A level playing field with the smart technology initiative in mind will set this in motion quite quickly. At least it sure looks that way!!! All the work to date shows me that they are not stopping…
BobTheTaxMan – Dinar Guru One of the blessings that we have living in the country that we live in [USA] is that they understand the value of free-enterprise. Small businesses, less than 50 employees, make up the majority of the money that flows through our system. People think that big money and big government are the ones that have control. To a certain extent yeah that true…but why do they call it coming to America and living the dream? …What is the American dream? [post 1 of 2]
BobTheTaxMan – Dinar Guru For me…having the opportunity to create any business I want. To be able to buy my home. To be able to have the freedom to vote and to participate in what’s going on in my world. That’s the American dream. America has that. We have the freedom to do so much more – the rest of the world cannot do…In the tax game you can win. It can be a win for you, the government, your tax preparer but to do it you have to understand how to play the game. Once you understand that you’ve got freedom. [post 2 of 2]
Breitling – Dinar Guru The way our tax system is structured – if you go to Ireland it’s less tax, there’s certain little tax havens but what you don’t realize is none of those countries have what we call loopholes…there’s things you qualify for to get tax brakes. This is what people don’t understand…there’s a million ways to get around it. That’s the secret. That’s what’s laughable. People who don’t have corporations and they get money taken right out of their paycheck, they have no say. Those are the ones that get hurt. There’s ways to be compliant. [Post 1 of 2]
Breitling – Dinar Guru There’s ways so the IRS wins and you win and you’re not paying this huge tax burden. You’ve got to educate yourself in order to play that game correctly…Remember in the United States you have representation…[if] you want to take a big pile of your IQD at whatever rate it comes in at with no representation…it’s a no-no. You can’t imagine the trouble you’re gonna walk into… [Post 2 of 2]
Kaperoni – Dinar Guru …There is no slow, calculated roll out or GCR…If and when there are laws in place to support a market economy and foreign investment comes in Iraq the CBI will float the dinar, but not until then.
MilitiaMan – Dinar Guru The AMF tells us the valuation of the AAD is 3x SDR / IMF. They don’t get specific from what I see. What I have seen is them give values of loans in USD terms whereby, one can do the math based [on] the value and come up with an exchange rate. If I recall accurately there were loans to Tunisia a couple years ago that amounted to over $4.00 USD. Even today 3x SDR is over that… As of Friday the SDR at the IMF is over $1.43+… If they keep to what the AMF has for the AAD, we can have an idea what to look for into the future. Imo…We know from what we have been told they are not floating the currency. Thus, to be stable they’ll need a strong and stable exchange rate for to do that. To defend a currency at a low rate can be far to risky. The stronger it is the better and easier it is to defend imo.
MilitiaMan – Dinar Guru …[Saturday] was to be a day where the Iraq Trade Bank was to start the Interconnectivity of digital Dinar and the Dollar. If that connectivity has in fact been put in place electronically, then it would seem that the ISX will need the same ability electronically. If they are opening to the world and they are imo, the borders crossings are already waiting and ready…It surely has been a remarkable amount of progress to get this far. I agree with many there is no turning back.
BobTheTaxMan – Dinar Guru Question: “Should I take my IQD to a foreign country so I can avoid the Biden Tax?” There are two countries in the world that if you attempt to negate or move your finances out of that country…can stick you with 50% of what you own. One of them is [United States of] America and the other one is North Korea. When you’re an American citizen you’re playing the game. You’ve got a blessing for being an American citizen but that blessing has a cost to it. And the cost is taxes…
Breitling – Dinar Guru I think people associate time, they’re like ‘Oh my god I’ve been in this thing a certain amount of time so this isn’t good.‘ That’s completely untrue. I told you guys form the beginning this is not a get rich quick scheme. This is a country and countries move at a slower pace. There’s been a couple windows of opportunity for them to revalue. I don’t know maybe that gets into people’s heads like, ‘That’s negative.’ No! It’s all positive.
MilitiaMan – Dinar Guru The list of things accomplished now is powerful. E-Government is in place. E-Commerce is in place. Electronic borders for fees, taxes, customs, etc., are all set and ready to go. E-Payments and settlements…done…ready to go…Digital Dinar and Dollar were to have Interconnectivity yesterday with and through the Iraq Trade Bank…I can presume that is done…Financial inclusion is done.. The ITB also has the full support of the USA, as does the Central Bank of Iraq. So we can see that by all those items, there is not much left to do other than adjust the exchange rate to meet international standards…We are in a very powerful place and no one should be discouraged. I sure am not!
Breitling – Dinar Guru I don’t see anything bad coming down the road…But they’ve got to do it correctly…the people that I know who helped set this up (I don’t know them personally) they still have dinar. They all have faith in it. I know there’s governors, there’s senators…they still have it. Whenever this comes down, at what rate, at what pace that’s our lot. There’s nothing negative here. Don’t worry about that…
Pimpy – Dinar Guru Article “What is the area in which the central bank moves in the area of controlling the currency exchange?” When it’s a “free float” then it’s up to supply and demand. That means the market decides the value of the exchange. You have a “fixed rate”. That’s where we are right now. They’re telling you right now you get 1460 dinars for every $1. That’s a fixed rate. [Post 1 of 2]
Pimpy – Dinar Guru A “dirty float or managed float” you let the market determine the value of the currency but if it goes too far one way or the other the bank can intervene and fix it. In other words peg it to something for a second. There’s been a lot of talk about the currency. Are they going to free float it? The funny thing is why are they having these types of conversations? If we’re being told the rate is going to remain the same for the next 3 to 5 years whey do they have these conversations going on…I’ll tell you why. It’s because they have no intentions of on keeping this rate fixed for that long. It’s just not going to happen… [Post 2 of 2]
Petra – Dinar Guru There’s a pattern here…way too many articles about updating the banking system down to the teller level. It’s way too many…we’ve got all this integration going on. Tellers are being trained…we’ve got all this banking stuff going on. I mean there’s a lot of talk about banking…I love that the governor of the CBI came out this morning and says, ‘Hey we’re going to get our banks ready to start accepting digital transactions.‘ Uh, excuse me sir we already know that’s been done…I think he’s trying to buy time…all these things are lining up…put all these kinds of things together it’s pretty exciting…
BobTheTaxMan – Dinar Guru I’m watching the banks. That’s my primary interest. What is the CBI doing? How is Warka interfacing? I do have a contact at Warka. I know what the interface looks like and I understand what they are doing. They are working really really hard to get themselves SWIFT compliant. Because once that happens the door opens for more international functionality and business and all those things that make credibility real in that country… [post 1 of 2]
BobTheTaxMan – Dinar Guru I know that the interface between all the different banks…hasn’t been completed yet. That’s something I learned from Warka. That’s something they’re working on. We also know the infusion of additional cash flowing into Warka is scheduled to come from the CBI but they haven’t released it yet. I think part of the reason they’re holding it up is because they still don’t have a value associated with it correctly. Here we are. It’s all moving forward... [post 2 of 2]
Breitling – Dinar Guru Question: “What are Iraq’s currency financial policies?” They’re asking this for the sake of IQD. Their [Iraq’s] number 1 policy right now is to get companies and countries into Iraq that want to do business and then at the same time they’re lowering their debt. That’s the one-two punch. You all know they want to add value to their currency… [Post 1 of 2….stay tuned]
Breitling – Dinar Guru Watch policy and guess what? You’ll find out this whole thing is clear as a bell. Iraq is going to revalue. They’re going to add value to their currency and there is no threat to it…I don’t see anything negative going on at all...It’s very simple they want to add value to their currency. They’re trying to find a way to do it. Remember it’s an artificially devalued currency. They need to find a way to maintain the rate they come up with. There’s more than one way guys… [Post 2 of 2]
Pimpy – Dinar Guru There’s good news…Article: “Parliamentary Finance: High oil prices will eliminate the need for loans” That’s right clap your hands! Thank God. Seriously. We don’t want Iraq taking loans out because then you become beholden to the lender. Whether it’s the IMF or the World Bank or China... Quote: “…high oil prices will cover the operating budget deficit without going to internal or external loans.” What does this mean? If you’re able to cover the deficit, able to get back on track, you’re implementing new programs, well maybe you don’t need to wait 3, 4, 5 years for a rate change. They’re recovering a lot faster than people think. This type of news is good.
Kaperoni – Dinar Guru Sandy wants to get into a discussion with me about floating the Iraqi dinar…read the IMF Article IV Consultations…quote from the IMF Article IV consultation of 2013: “14. The de facto fixed exchange rate has served Iraq well. The authorities agreed that a stable nominal exchange rate provides a valuable anchor for inflation expectations in an uncertain environment, and intend to continue implementing this policy for the foreseeable future. In the medium term, staff encouraged the authorities to consider creating the conditions which would make possible a move to a more flexible exchange rate policy. Such flexibility could allow a predictable and gradual appreciation of the nominal exchange rate, triggered by strong oil revenues and the Balassa-Samuelson effect, to accommodate a possible real exchange rate appreciation while keeping domestic inflation low.” In plain English the IMF is encouraging Iraq to get off the peg and move to a float to allow a predictable and gradual appreciation over time as the economy grows. They are not talking about devaluation.
Sandyf – Dinar Guru Kaperoni is right in that no country could ever revalue in the way suggested, and in particular Iraq. He is also wrong in trying to make out there would be any benefit in floating he currency. No country that has ever been forced into a flotation has gained value in the short term. The guru BS continually refers to Kuwait but that is fake news, there never was any RV in Kuwait. During the occupation Iraq replaced the KWD with the IQD as the national currency. The Central Bank of Kuwait went into exile and continued business as best it could, after the occupation the KWD was reinstated as the national currency at the same value it had before. Anyone interested in what actually happened should read the document “The Impact of the Iraqi Invasion on the Kuwaiti Banking and Financial System: Lessons Learned from a Financial Crisis”
BGG ~ Or read the reprint of the LA Times article detailing the event which we have published numerous times.
Kaperoni – Dinar Guru An article…came out from economic adviser Saleh stating Iraq cannot float the dinar because is using the daily currency auctions. He mentions several reasons. This is true. They cannot float while they continue to use the currency auctions. Iraq is only one of a few if even that left in the world using a currency auction. Central banks manage their currency by freedom of movement of capital and supply and demand selling blocks of currency to balance the exchange rate on the global financial system. [post 1 of 2]
Kaperoni – Dinar Guru Remember, the currency auction was created to not only maintain stability but to provide a source of dollars to merchants in Iraq because the dinar had not been recognized internationally for trading and exchange. Not only the dinar but the financial system in Iraq was completely rebuilt from the ground up. That is why they went into IMF Article XIV. Giving them several years to build confidence and stability prior to accepting Article VIII engaging with the world financial system. We expect the currency auctions to end when they accept IMF Article VIII. They will end the auctions, and begin to float the currency which will contribute to the success/growth of the private sector market economy.
[post 2 of 2]
MilitiaMan – Dinar Guru …with all we know and understand the exchange rate has not thus far gone the direction we have been hoping and praying for. Or has it? …The powers that be have been working for years to get the country of Iraq to reconstruct and get back to a rightful place in her region and the world. We can see the progress on many fronts over the past 4-5 years now. But more recently we see a laundry list of crucial items (mechanisms) coming together to facilitate the birth of a new nation of Iraq. …One that is to have an advancement to their internal and external systems like no other possibly in history or at least our life times with or in respect to the “Iraq Marshal Plan”. [post 1 of 2]
MilitiaMan – Dinar Guru This new plan is going to be vastly different in nature from previous era Marshal Plans of the world…The previous were industrial in nature primarily. This one will have and industrial nature of course, but with a new and improved digital component to it…That road is transparency. The new system requires it. The digital world they’ll begin to live with looks to be with the USA help is to go live 05/01/2021 digitally for both Dinar and the Dollar…To do that Interconnectivity is to be international… Article 8 compliant. Cross border payments and settlements for trade require it.. imo… So with having the E-Gov, E- Commerce, E-Borders and new E-Currency we should see an exchange rate change at or before the roll out of the digital playing field they suggest is to roll out May 01. I am very optimistic…Let’s see what the day brings us. imo. [post 2 of 2]
Frank26 – Dinar Guru IMO the budget that…is now going to receive an official exchange rate from a sovereign country that…will be shown to be under Article VIII…you can see very clearly that the action of many countries, many companies…they’re casting a shadow of the monetary reform. They’re not going to come out and tell you, ‘Hey guess what? They told us they’re going to raise the value of their currency.‘ Because they can’t. It’s illegal to do that…a good forensic detective can walk into a room and tell you basically what’s happened in the last 24 hours in that room by interpreting the signs, the clues, the patterns...the monetary reform itself is naked. It’s visible…
Clare – Dinar Guru Article: “Al-Kazemi: We are working to launch a comprehensive investment campaign in Iraq” THIS IS A HUGE ARTICLE – KAZEMI IS ACTUALLY MAKING AN ANNOUNCEMENT… “there will be work to launch a comprehensive investment campaign with the participation of Iraqi and foreign investors,” THIS MUST HAVE THE NEW RATE! imo. [Guru] FRANK26…told us…ABOUT THE EDUCATIONAL CAMPAIGN COMING TO THE CITIZENS… “THE CBI/GOI ARE NOW GOING TO PUT ADVERTISEMENTS EVERYWHERE…TV COMMERCIALS… BILLBOARDS …NEWSPAPERS…REGARDING THE NEW CURRENCY THEY’RE ABOUT TO PUT OUT AND THAT THERE WILL BE A NEW EXCHANGE RATE FOR THIS CURRENCY” …WS [Guru Walkingstick] GAVE US THAT INFORMATION YEARS AGO! BECAUSE HE KNEW IT WOULD BE SO AT THE END…AND WE ARE SURELY AT THE END NOW. IMO IT IS OBVIOUS!