Dinar Observer Daily

Dinar News Update –  The United States and the Trump team negotiated another peace agreement in the Middle East.  Sudan is the 3rd country to do so in the last four weeks.  They signed the Abraham Peace Accord with Israel several days ago.  This is HUGE news.  The United Arab Emirates, Bahrain, and Sudan are the first Arab nations to normalize relations with Israel in over 25 years.  They join Jordon and Egypt. Security and stability is sweeping across the region.  At least 6 more nations are expected to join the accord.  The gurus suspect Iraq could be one of them…Stay tuned as this story unfolds…the latest guru posts will continue below.

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Dinar Investor – Jeff  …This is what I think the chain of events will be…the borrowing law has to get done first.  Then my opinion is I think they will change the rate…they haven’t even started creating the 2020 budget because the rate hasn’t changed yet…I don’t think they will complete the borrowing law until very close to around November 21st.  I have my eyes right now on around the second half of November…

Mountain Goat – Dinar Guru   The news this period is all about Iraq not having the funds to pay October salaries. The borrowing law is not yet approved and many in parliament do not want to approve more borrowing. Also again more chatter about the currency auctions and what to do to fix them and create more transparency. But there will NEVER be full transparency since the process in the first place simply does not allow it. We all know these auctions need to be cancelled and Iraq needs to go back on the dinar for payment of imports. But the demand for the dinar must first be established or no one will want to accept the dinar for payment. This is important for us investors to understand.

Dinar Investor – Jeff   We’re in a great position…don’t forget Iraq is at their highest level of stability that they’ve ever achieved.  Kazemi has gotten more done than they’ve ever gotten done in a long long long time.  Kazemi’s gotten more done just in the short period of time he’s been there then the entire country’s gotten done since they released the new Iraqi dinar.  So we’re in a great position… stability is the most important thing before that rate can change…

Pimpy – Dinar Guru  I notice that there are people that are getting restless and these people are the new people.  What I meant by that is they haven’t been holding the Iraqi dinar for about a year and they’re complaining already.  I tell you there’s people that’s been in this game for 15, 16 years all right.  You can’t get frustrated.  All you can do is keep an eye on it.  There’s been more positive news IMO in 2020 than we’ve seen in a long time that I could remember…stay positive.  There are some other good news coming.  I’m anticipating that going to happen this week…

Pimpy – Dinar Guru   …I want to make a point about the Iraqi dinar.  Once these nations all sign these agreements (peace agreements) there’s these new trade agreements that are coming BTW in which they can all do business with one another.  This will bring a lot of business very quickly into Iraq as well as surrounding nations there but especially in Iraq.  Iraq is the hub into the Middle East…Other countries are going to be investing money into rebuilding Iraq.  It’s starting from scratch.  This is going to bring a lot of jobs there.  This is great news for both short term and long term when it comes to Iraqi dinar...

Pimpy – Dinar Guru  Article:  “Al-Kazemi spokesman: More than 25 officials are behind bars”  Al-Kazemi is no joke.  When he is draining the Iraqi swamp he is draining the swamp…quote “25 officials in addition to the corrupt whales [Super wealthy individuals] are under bars and under investigation during the first 2 months of al-Kazemi’s government.”  This is what I’m talking about man.   Making these kinds of moves.  Let’s show the world that you’re capable of handling the corruption.  I love this news…this is gonna look really good in the eyes of the international community…Al-Kazemi…seems to be the man of the people and I love to see that…

MilitiaMan – Dinar Guru    Article:  “Parliamentary Finance confirms the government’s printing of new currencies without financial cover and describes the act as “dangerous”   …we see they speak if printing currency with out “cover”.  Well “cover” to me may mean a new rate is needed now, as the CBI has not exposed it yet. They printed new notes, not larger triple zero notes…

Dinar Investor – Jeff  …the Borrowing Law.  Here’s what I see them doing.  They’ve done the first reading and they haven’t changed the rate yet.  What that suggests to me is that they are most likely not going to change the rate until around the end of the approval process of the Borrowing Law.  Typically all three readings of a law take anywhere from 30 to 45 days…they’ve already did the first reading…

Frank26 – Dinar Guru    CBI Video   “A video of the Central Bank of counting and sorting the Iraqi currency and destroying it.”  You know why they’re destroying it? …because they’re about to introduce the new small category notes…

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…

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…