Dinar Observer Daily

Breitling – Dinar Guru  Question:   “Can you talk about the possibility of a global currency reset and if so how soon?” There is going to be no Global Currency Reset!  I don’t know who is putting that stuff out there but the United States doesn’t have control over anybody’s currency.  We’re competing against Russian’s currency.  We’re competing against the EU and the euro.  We’re competing against the Wan.  There is not group of ‘elites’ hiding behind a curtain somewhere that’s getting together and conspiring on currencies…I know there are conspiracy theories out there but it just keeps coming up over and over and you’re wasting your time.  It’s not real.  There is not going to be a global currency reset.

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Mountain Goat – Dinar Guru   I am hearing from the IMF and the CBI that they first want to ascend Iraq to the WTO prior to reinstating their currency. This gives them a wide range of trade opportunities they presently do not have and will need. Did I say any country needs to be in the WTO to trade their currency on FOREX?   NO!...

Pimpy – Dinar Guru  People are like, ‘How do you know it’s [the dinar] going to go up?‘   The United Nations/United councils says there’s no reason for Iraq not to be reinstated back to their former rate of $3.22.  They said this.  They said it several times…

Breitling – Dinar Guru   Question: “Can they revalue the currency and protect their economy and price for the next ten years by the end of the year?” Absolutely they can.  They could have done it this summer.  It’s on the edge.  They are not working on anything else.  This is the answer to all of their problems…

Mountain Goat – Dinar Guru   Article:  “AL-KAZEMI’S ADVISOR: THERE ARE 3 REASONS THAT PREVENT THE DOLLAR’S ​​EXCHANGE RATE FROM CHANGING “CURRENTLY”  They are considering only the exchange rate as a program rate solely pegged to the US dollar and not as an IMF basket of global currencies and reinstated back on FOREX when traders come to buy. All these arguments do not take into consideration major reforms in their currency and only dwell on short term solutions staying within the use of the currency auctions and program rate. So of course leaving the dinar in this situation why would you revalue it against the dollar? It does not make any sense to do it. But this is NOT what must happen and NOT what is going to happen.

Pimpy – Dinar Guru  There are no 800#s.  You’re not going to get an email.  The only email you’ll get is that somebody that’s within your group gets the announcement when it actually really happens and they send an email out to everybody saying, ‘Hey it’s happening!’ But you’re not special.  You’re not going to get any kind of special email.  There’s no 800 numbers for you to call as a matter of fact go away from those people who say that.  The reason is I don’t feel comfortable with somebody saying, ‘hey call this 800#!’…they steal your dinar and they take it…

Breitling – Dinar Guru   Comment:  ‘If there’s advanced notice announcement then investors would come out of the rafters to buy up all the remaining dinar.’  That’s exactly it.  That’s why you’re never going to find that magic article…if anything when…they start to add value to it you’re probably going to get the most negative articles you’ve seen.  Every country that’s ever added value to their currency, that’s exactly what they did…

Pimpy – Dinar Guru  If they [people on the Internet] start giving you a date or a rate, run the opposite way.  You understand how illegal that is…for them to be going on the youtube and announcing it?  They’re idiots.  That would be a clear violation of our federal exchange commission laws.  It would be like insider trading...If they tell you that the currency exchange rate is happening in country, that’s a lie.  That makes absolutely no sense…there is no exchange rate in country without one out of country.  They do it at the same time.

Kaperoni – A re-denomination is a neutral event. Zero gain. If they did such an event, they could raise it incrementally thereafter which would be a increase in the exchange rate…but only minimal. There is no significant RV of the dinar. Only if they choose to float from the current rate will the dinar significantly rise, but it would be over time. …Iraq is only worth about $16-$18 trillion dollars and they have well over 45 trillion dinar in circulation. That is a fact! The math does not work!  Therefore, they either LOP the dinar reducing the dinar from 45 trillion to 45 billion and then incrementally raise it as the economy grows. Or, they float the dinar at the current rate and reduce the money supply gradually as the exchange rate rises.

Breitling – Dinar Guru   One of the things [I hear] that’s kind of funny is that ‘Iraq is so corrupt that’s why this isn’t getting done.’  That’s the dumbest thing I’ve ever heard.  If Iraq was so corrupt they would have revalued the currency and made as much money off of it as they could even though it would have probably crashed.  They would have gotten in and out.  That’s corruption.  Keeping the currency where it’s at and using the US dollar is discipline.  They’re actually did good.  It’s coming.

Pimpy – Dinar Guru  If you go along and you start doing the increments – increasing the value of the dinar against the US dollar. They were talking about exchanging out [the higher denominations notes].  In other words they’re going to take away the 25,000 and 30000 [50,000?] dinars as they came in [to the Iraqi banks] but they would exchange it for equal value…in other words if I brought in 25,000 dinars they might give me 5 – 5000 dinars so I still have my 25000 dinars and that would be how they get rid of the higher denominations…I could see that happening…

Breitling – Dinar Guru   Question “Are there any signs pointing us to the end of this investment?”  There are.  Being able to use the Iraqi dinar in the Swift system…the whole world has access to the currency.  That’s what’s amazing for what you and I have right now.  Not too many people have access to what you and I have.  You can complain you’ve been waiting for this but it’s all part of the game and it’s nothing new…they are going to add value to their currency…

Pimpy – Dinar Guru  In order for the lower denomination to be used…it’s not possible unless something happens.  And what is that something?  They would have to change the exchange rate…the lower denominations like the 5’s, 10’s, 25’s, 100’s and 500’s and 1000’s – the only reason why they are not being used is because they have no value…so why would you use them unless you plan on chaining the exchange rate…

Dinar Investor – Jeff   Yesterday Iraq puts out at least two articles talking about deleting the zeros…this could really go one of two directions.  They could either remove zeros from the notes from the notes or remove the zeros off the exchange rate.  No matter what they’re gonna tell you what they’re gonna do.  It’s not a secret…Iraq is clearly telling you they’re taking 3 zeros off the notes…I’m not making this up…it’s in print… quote:  ‘denominations of 200 dinars (equivalent to 200 thousand dinars in the currency currency).’  That is removing zeros from the notes…

Petra – Dinar Guru  The need for new small category notes will be controlled IMO.  It’s not going to be a huge amount to come out because they’re driving everybody to digital commerce which is where the world is going with those CBDC’s and all those other programs that are coming out from the BIS and many other entities.

Mountain Goat – Dinar Guru   Two more great articles came out this period about the project to delete the zeros…we all should know that it is the project to delete the zeros that will eventually get us the reinstatement of the Iraqi dinar back on FOREX sooner than later. This is when we go to the bank…Just the fact that they are and have been openly debating this issue of when to perform this project is very, very good…the country is in a much better situation now then back in 2013…One thing I can assure everyone…is that do NOT expect the revaluation or the reinstatement any time in the next period unless we witness the project to delete the zeros…the reinstatement goes hand in hand with the project to delete the zeros…these two reforms must go closely together...

Pimpy – Dinar Guru  Article:  “Confidence in the Iraqi dinar is eroding…and the prospect of removing zeros”  Here we go.    We see it every 4 to 6 months – there is a report about the Iraqi dinar having the 3 zeros removed…there’s a difference between removing the 3 zeros off the rate versus removing 3 zeros off the currency.  Removing off the rate – good.  Removing off the currency – bad.  Why is that Pimpy?  Because if you remove the 3 zeros off the exchange rate that means the value of the dinar has increased.  But if you remove the 3 zeros off the currency – yikes! …there’s been so many reports, report after report that says deleting the zeros affects the poor people…it would cause such an uprising its not even funny…there’s nothing to debate.  They’re not going to do it…

Petra – Dinar Guru  They are just filling time…and they’re using the time to campaign and…socialize the information to the people so they learn and adapt…they did not spend years building the digital platforms, connecting to BUNA, working with the European Development Bank and all the things that have been going on over the last couple years to have the same rate.  It they’re going to keep the same rate they’d have done it.  But they’re not.  There’s a new rate coming.  There’s a new sheriff in town and it’s all IMO very very exciting…

Dinar Investor – Jeff   Article:   “Al-Kazemi’s Advisor:  There are 3 reasons that prevent changing the dollar exchange rate currently”  They are telling you right now at this time they’re ready to invest in projects and they want to do all of this at the current rate without increasing it.  Let’s look at what the 3 reason are.  1.  The exchange rate is the prerogative of the Central Bank.  2.  The currency rate was approved in the budget law… 3.  All revenues derived from oil, even if it increases, will be able to cover the budget deficit…the government of Iraq is stressing to you they have all of their financial needs met and they don’t need to change the rate at this time…Remember this is all from the GOI…it is not from the Central Bank of Iraq. I promise you they’re telling you something completely different than this…you have to study it from the angle of the Central Bank not from the government.

Pimpy – Dinar Guru  what gets me all the time is the amount of chatter and talk in the media about the rate change.  It’s kind of crazy.  They’re trying to  convince us that the rate change isn’t going to happen…if it’s not going to happen then why are you talking about it so much for?  What is really going on?

Fleming – Dinar Guru   Saturday RV Report:  Our military intel contact said even though we are all exhausted to the point of perhaps not being able to believe it…THIS COMING WEEK IS •••FINALLY IT••• for T4B & the shotgun start as Mr Fleming’s sources are saying.; he said hang tight all you currency holders…If you feel exhausted it is PAR FOR THE COURSE —YOUR LIBERATION IS UPON YOU NOW…FREEDOM IS COMING IN YOUR REDEMPTION APPOINTMENT THIS COMING WEEK he confirmed.

BGG ~ Hmm… Sounds like an interesting week ahead. Or not…

MilitiaMan – Dinar Guru  Article:  “Iraq begins construction of the largest submerged tunnel in the Middle East“ They told us this week that there would be “BANK CREDIT” for paying contractors  within 3 days for those contractors at the port of Faw. That was to have been done Wednesday.  Now here in this article, they speak of issuing a letter of credit. Well, then they’ll need an international accepted currency for that will they not? One that is digitized and where the imports can be taxed accordingly under the new automated system to be in place or is in place now…imo.

Mountain Goat – Dinar Guru   …the news from Iraq this period is all about implementing the White Paper reforms…we also see that Iran is still trying to block any reforms and rebuilding as they instigate yet more attacks on American soldiers and bases in Iraq… I would not expect any RV until at least the period when Iraq can get the corruption under control and eliminate the Iranian influence…Yes, it is up to the Iraqi central bank to initiate the project to delete the zeros in coordination with the IMF and the US Treasury. Did you hear me…“with coordination”.

Pimpy – Dinar Guru  Question:   “Can you do a video on where the emails will come from that will give us the 800#…please?”  There are no 800#s.  There’s no redemption centers.  No body’s got the codes that release the funds.  There’s no numbers on the ‘back screen’.  There’s nobody standing by the computers at some redemption centers.  There’s no tier 1, tier 2.  There’s no, ‘Hey, we get a better rate if we go in together.’  Don’t be sending any of your currencies in for any type of trust fund whatsoever.  Don’t ever send anybody an of the serial numbers that are on your currency.  When you’re dealing with foreign currency it’s not really that complicated.

Petra – Dinar Guru   With Kazemi doing what he’s doing and the speech he gave on TV Saturday, telling the country they are about to go international. They are about to support the people.  I believe without a shadow of a doubt Kazemi is a man of the people…I think we’re marching right up to this very very close based on what they’re telling us they’re doing. 

Kaperoni – Dinar Guru   One thing I’ve noticed over the last couple weeks is the significant amount of laws that are related to developing Iraq’s economy that they say they are now in the hands of parliament. We’ve heard this all before it but it’s time for parliament to pass these laws.

Pimpy – Dinar Guru  This next week is going to be interesting in a lot of different ways.  Let’s see how everything pans out.  Let’s see what this [U.S.] bombing [Inside of Iraq] has caused.  Let’s see if anything is going to come of it – bad or good…We have good news in the sense that outside investors are…ready to get in there.  The other thing…they have the money to start reconstruction which is good.  They weened out their corruption – this is good.  We need a strengthened economy – This is good.  The removal of sanctions off the Ayatollah in Iran is bad.  It’s a grab bag of news.  It’s a mixture of stuff…I’m hopeful…they seem to be moving in a positive direction which is good and that’s what we want.

Kaperoni – Dinar Guru  …’program rate’ again. This is a made-up term that is misconstrued from the IMF Article IV Consultations.  The exchange rate of the dinar is the exchange rate. It is not a program rate.  If and when the dinar floats, it will float from the rate it is at the time.

Pimpy – Dinar Guru   Something like 95% of the [IQD] supply is out of country.  5% of it is in country.  I can tell you this that the big portion of the existing IQD is in the hands of banks…a lot of people talk about having IQD, how many people actually have it?   The average speculator has 250,000 IQD…So if they removed 70% of the money supply, plus all the ones that have been damaged just through wear and tear, ones that were taken by ISIS, ones damaged during the flood, that means the actual amount of IQD out there is very low.  [post 1 of 2]