Dinar Observer Daily

MilitiaMan – Dinar Guru  Article:  “Ministry of Commerce: the middle of next month, the date for the application of the electronic payment system”    The push is on imo… They don’t have much time between now and the mid month January time frame they give…to implement the electronic payment system. The minister of Trade had obstacles to overcome and it appears the obstacles have been overcome now.  The electronic payments should be from my understanding be done with a new digital dinar.  There words not mine.   [post 1 of 2]

Adam Montana – Dinar Guru  Iraq just changed the rate. Granted, it was the wrong way… but they are already talking about changing it again. You don’t need me to tell you where this is headed. Hang tight, friends!

Mountain Goat – Dinar Guru   Article:  “BAGHDAD’S CURRENCY DEVALUATION LIFTS LID ON IRAN’S EXPLOITATION OF IRAQI RESOURCES”   Here it is in black and white…I quote from the article: “The DECISION TO DEVALUE THE IRAQI DINAR AGAINST THE US DOLLAR HAS HAD POLITICAL AND STRATEGIC IMPLICATIONS FOR IRAN AND ITS MILITIAS IN IRAQ AND THE REGION”. …they are killing 2 birds with one stone. …they are accomplishing multiple objectives with the devaluation. It is a powerful & strategic move. It means it is not about a falling economy and a country about to go broke, but rather a means to a bigger end.

Adam Montana – Dinar Guru   HCL talks, agreements between Kurds and Baghdad, increasingly rapid progress – all happening right in front of us. I’m…excited to see what’s next.   GO RRRVVV!$!$!$!$!

Mountain Goat – Dinar Guru   Remember from previous years we are not yet dead on the idea that a reinstatement could happen in the first quarter until they open the budget without it happening…Let’s watch for the 2021 Iraqi budget passing and see what happens then. Also, we know this devaluation is costing jobs in Iraq and so it is counterproductive as to what they say they want to do – create more jobs and build up the economy. So, this tells us this devaluation is short-lived. Better things are coming for Iraq.

Pimpy – Dinar Guru    they’re already talking about the rate change again.  Will it happen?  I don’t know.  It’s only talk…The World Bank wanted to increase the number of dinars per dollar and the Iraq central bank said no.  They want to go in the opposite direction.  They want to decrease the number of dinars you get for every dollar.  So the World Bank wants to devalue the dinar more.  The Central Bank…they want to increase the value of the dinar...I thought this change would be really quick, very temporary just so they can get the salaries paid.  Get back on track and then go right back to changing the rate in the right direction.  So that’s what looks like is happening fairly quickly.  At least it’s being discussed…this is a good thing.  A very good thing.

Mountain Goat – Dinar Guru  Article:  “THE DEVALUATION OF THE DINAR IS THE BEGINNING .. “PAINFUL” STEPS AND A DIFFICULT YEAR FOR THE IRAQIS”   Yes, the devaluation is a necessary “painful step” . Like I said it is a step in the process and is being used as a means to an end.

Breitling – Dinar Guru   It’s a policy based investment.  If you’re watching the local markets in Iraq and trying to figure out where the value is coming from you’re never gonna get it because that’s not how they think in Iraq.  That’s not the way they think in parliament, Ministry of Finance, Ministry of Planning or the CBI.  That’s not what they’re thinking.  They’re thinking how do we keep the budget going with the U.S. dollar and at the same time how do we participate in other markets so we’re diversified and we’re not stuck in just the energy markets.  They know the energy is going to go down period.  Everybody knows this.  Everybody is trying to get into different markets.  Iraq is no different…they need to add value to their currency…

Adam Montana – Dinar Guru   We don’t have an RV yet, but it isn’t hard to see this coming quickly.  Rate change – done, overnight. A flick of the switch, and …the rate changed. It will happen just as suddenly when they shock the world with a quick move the other way.

Pimpy – Dinar Guru   Article “After the central bank was hit by a surprise… Iraq may move to change the dollar exchange rate“.  But this time in the right direction!  Not the other way around.  We’re talking about increasing the value of the dinar against the U.S. dollar.  You’ll see different articles conflicting with one another that’s why you can’t get too excited with good news and get too bummed out with bad news.  Quote “as soon as the devaluation of the dinar against foreign currency especially the US dollar came into effect the peoples willingness to buy those currencies decreased which created an alarm for the Central Bank of Iraq .”  If they’re going to increase it, this might be a good time…when you see the number of dinars decrease for every $1 that’s what we want.  That’s good.  That’s what we want to see.

MilitiaMan – Dinar Guru  They are now telling us…that they are de dollarizing and will be heading to use digital dollars in the future for tracking…Transparency. …Well if we look at the Auctions lately and even today, proves they show us a massive change of late and that supports scarcity is upon Iraq now for the USD. imo. A necessity of the IMF on Iraq …They will need to cease the use of the USD as we know it. The future will be very different and it will curb corruption.. So, be patient and hopeful as there is no need to be worried or upset for that the devalue sets the stage for a revalue.. imo…

Pimpy – Dinar Guru  Article: “Parliamentary Finance: This is the date for the budget debate session”  According to the constitution the cabinet members look at a budget.  They pass the budget and then it goes to the House of Representative where technically they’re supposed to be some type of 90-day thing and you’re supposed to have 3 readings in there so any changes gets done.  But it seems to me that that part of it’s being bypassed…They want to try to get this passed before the end of the year.  That’s not many more days…we’ll see if this gets accomplished.

Adam Montana – Dinar Guru    Article quote:  “The legislative procedures to complete the federal budget law may take from 20-30 days, and that the council will begin the first reading of the draft law early next January.”   2021 Budget.   20-30 days – this means January for completion (probability: good, for once!)

Breitling – Dinar Guru  If you look at the Saddam Hussein era the currency was worth $3.25 cents…How many people were buying Iraq’s energy?  It was a lot but it’s not as much as it is today…$3.25 with less customers!  You understand what Iraq can do…Iraq needs to sell energy through the U.S. dollar and at the same time add value to their currency.  Those are different markets.  They have to add value to their currency as a policy so they can create the markets…If you look at it through that direction it’s crystal clear.  [Post 1 of 2]

Breitling – Dinar Guru  This last year they kept talking about adding value to their currency and complying with what Trump’s trying to do…the next thing you know they devalue it.  What are they doing?  They’re trying to negotiate because they’re on the edge of doing this.  They want to devalue their currency so they can pay off debt – get the payments down…then they’re going to start adding value to their currency.  Iraq needs to get out from under the U.S. dollar… adding value to their currency there’s more than one path…it’s very simple.  It’s a policy based investment.  [Post 2 of 2]

Kaperoni – Dinar Guru   Changing the exchange rate has reduced demand on dollars.  This is the result of a 22% reduction of the dinar exchange rate which made the dollars cost 20% more in Iraq…

Mountain Goat – Dinar Guru   So, the questions on everyone’s minds are: 1) will we get the reinstatement in early 2021?  2) has the CBI truly been planning for this event...?  Well…to answer these questions…the CBI is, in fact, planning to reinstate the Iraqi dinar. The plan has not changed and this is a necessity...this is at the heart of the financial issues they are now facing in not doing it earlier. So, what do we know as FACT?  We know they had planned to complete the project to delete the zeros by mid-year 2020 and they told us this was their goal a year ago in news articles and from my CBI contact, but this did not happen. So, it may not seem like it, but the CBI is on a timeline. This timeline keeps getting bumped or pushed out due to circumstances…  [post 1 of 2]

Mountain Goat – Dinar Guru   What are my feelings if this reinstate will happen in early January 2021?   If you look on the surface and didn’t know any better you would say Iraq is in chaos and the economy is about to crash. You might say there is no way they will raise the value of the dinar over the dollar. …First, you must understand that the sole de facto peg of the Iraqi dinar to the US dollar is part of the problem too. The IMF and the World Bank wants desperately to re-peg the dinar to a basket of currencies and out it on a FLOAT to control it better and level off it’s rate. This way the global community determines the rate and not the average citizen in Iraq who is open to rumors and speculation. They want to open the dinar up to the world and let the investors determine the rate.   [post 2 of 2]

Breitling – Dinar Guru  There is a misunderstanding with Iraq.  What is it is they’re doing and how specifically are they doing it?  …The parliament, the Minister of Finance, the Ministry of Planning and the CBI they’re all talking about adding value to the currency.  But you look at the people and they’re all in poverty and it’s sad.  Here’s what you guys don’t understand.  The rate it not based on the market.  It’s based on the policy.  Iraq is trying to get a market rate currency…If you can’t understand that the Iraqi dinar is based on policy and not the market you don’t need to be in this investment.  You’re gonna go for a rollercoaster ride.  There are going to be a bunch of questions that you’ll never be able to answer because you are looking at it incorrectly…

Dinar Investor – Jeff  …what they’re doing is injecting more U.S. dollars into Iraq’s economy that when the rate changes they have dollars instead of dinar…when the rate does change they have take their dollars into the bank for dinar.  It’s just another step to pull the dinar out of circulation – to remove the 3-zero notes out of circulation inside the country of Iraq…

Mountain Goat – Dinar Guru   …The recent devaluation is hoped to accomplish the following: 1) limit the currency auction theft; 2) collect the other 30% of the three zero notes, 3) cause the citizens to buy US dollars by speculating that there will be further devaluation of the dinar soon. This is why they are spreading the 1660 rumor now…Will they devalue the currency yet again to 1660, as the rumors now say and the BIS is suggesting? What would be the impact? I am told this will only happen as necessity prevails. In other words, they want to leave it just as a rumor but if the 1450 devaluation does not work they will go further. THEY MUST COLLECT THE 3 ZERO NOTES prior to the reinstatement!   [post 1 of 2]

Mountain Goat – Dinar Guru   I want everyone also to remember they have not forgotten about the 3 zero notes that we hold. They must also collect these notes too. This is part of the project to delete the zeros. We have the larger 3 zero notes and so they must collect them and delete them. We have been faithful investors in the Iraqi economy and have helped Iraq through their financial difficulties of the past. The US customs could have easily blocked the dinar from entering the country and limiting us from our purchases. So why did our government allow us to invest in so much dinar? …There is a reason and there is a plan to use the dinar…  We too need to be paid off.  We would have already been paid off if it had not been for all the corruption causing the delays in this process. I also want to bring to your attention that the Iraqi 2021 budget passing as this is very important to the process as is the US elections.  We sit, wait, PRAY and watch what happens next.   [post 2 of 2]

Breitling – Dinar Guru   They want to add value to their currency…They want to be able to participate in the markets.  They want to diversify.  They want to get out of the oil markets.  They’re stuck.  What are they going to do?  They’re going to comply with the United States, the west and our trading…they’re still moving forward…They are going to pay off debt.  They’re going to get their payments lower.  Then they’re going to add value to their currency.  It’s a win, win, win situation for them.  That’s their strategy.  That’s what they’re up to…this thing is coming down the road.  They’re going to revalue their currency…

MilitiaMan – Dinar Guru  I am sure everyone by now can see the postponements are intentional. They clearly have a goal, a purpose and it is on purpose imo. They are holding their cards (exchange rate) close to the chest as long as they possibly can. It is clear…They are going to update the exchange rate before the end of the year. One can say, well they did already from 1190 – 1460 and one can say they are to do it again based off todays articles from 1460 – 1660. …Hindsight shows they did tell us though one way or another that they are or were  going to devalue the currency and also revalue it. 

Dinar Investor – Jeff    CBI’s website…1460 dinar equals 1 U.S. dollar…This was planned by design.  Here’s the two reasons. 1.  …to squeeze more of the 3 zero notes out of the citizens…  2.  …a lot of the dinar actually does go to corruption – into Iran.  By them devaluing the dinar it reduces its spread and it puts a huge financial impact on Iran…they had this planned…everything is looking amazing…

Dinar Investor – Jeff   Article:   “The Iraqi Council of Ministers approves the 2021 Budget”  They told you it’ll take approximately 45 days for parliament to approve it and they told you it won’t be approved until February.  Everything’s right on track.  Their fiscal year starts April 1st that’s why the budget won’t be done until February sometime.  Everything is right on track – moving in the right direction…

Pimpy – Dinar Guru   Article:  “The exchange rate of the dollar in Iraq go down to 140 thousand per 100 dollars”  We’re seeing an appreciation of the dinar.  What I mean by that is they set the rate at 1 dollar for 1450 dinars.  Already it went from 100 dollars for 145,000 to 140,000.  That’s a 5,000 difference already.  That‘s not major but…it looks like it’s starting improve…let’s see if this stays consistent.  Let’s see if the number of dinars continues to go down.  That’s what we want to see…

Mountain Goat – Dinar Guru    I see that there is so much concern about the latest news about how the CBI is now setting the old dinar rate of 1190 (about 84 cents) to 1450 (about 69 cents). What is the CBI doing?  I know we all expected the program rate to get closer 1.00 from the 84 cents prior to the project to delete the zeros. So, what happened and why is the CBI doing this and doing it now? …by doing this the CBI is cutting out the spread that is made in the currency auctions and money exchangers. …by having done this it is hurting the banks and their profit margins and the money laundering going to Iran. Next, it is forcing the banks to invest in other profitable ventures and not get so dependent on the currency auction revenues, which are going to end soon.  [post 1 of 2]

Mountain Goat – Dinar Guru   Next, what was more amazing is at the same time the CBI also announced they are doubling the amount of US dollars for circulation. …The CBI is using the principle of supply and demand. …If this works, and it should, the value of dinar will rise against the dollar as the US dollar drops. Remember the dinar is on a de facto peg to the US dollar…In short, the CBI is manipulating the US dollar to get the dinar to rise…The citizens will then want to take the US dollars and exchange them back to dinars since the dinar will be worth more. The CBI is using the speculators of the US dollar to their advantage…This switch back to dinar is going to happen suddenly and without notice much like the devaluation just happened. …This is when they will issue the lower denominations and the fun begins. It’s all in the timing. Then the fun begins…I feel we will see the rate get better than the 1190 (84 cents) and closer to 1.00. This will happen all of a sudden almost with amazement and shock.  [post 2 of 2]

MilitiaMan – Dinar Guru   Article quote:  “…the bank is preparing to launch a package of measures that will achieve a shifting balance in the exchange rate for the year 2021…”   They are preparing a package of measures that will balance the 2021 Exchange rate. Well, it will not be a future devalued rate of 1460 be sure, imo!! That is to be challenged, rejected or amended. imo…