Dinar Observer Daily

Dinar Investor – Jeff  …There’s a very good chance that we will most likely see the rate change during this 2020 Iraq fiscal period…because they got the borrowing law.  That was money needed to fund the reforms in their budget…that’s really good news that we saw Iraq do the borrowing law.  The borrowing law simply means they can change at any time…

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Kaperoni – Dinar Guru   Doesn’t matter how bad the conditions get in Iraq, there is no RV.   Not how monetary policy works. The only way the dinar can rise is if Iraq creates the conditions, passes the laws and gets foreign investment to come in and create a private sector. In other words, unless they diversify, build a growing economy the dinar will do nothing. There is no magic wand.

BGG ~ Mike’s opinion. Everyone has one. Uhhhhhhh… but did anyone mention to him Iraq is in the news DAILY about “converting” to a “market economy” – they want to be included in the world market.

Pimpy – Dinar Guru   …always ask yourself what are the odds of them allowing people to know in advance that a rate change is about to happen?  It would cause a tsunami of people, speculators, running over there and trying to grab more dinar and causing more problems for Iraq…

MilitiaMan – Dinar Guru   Article:  “Deleting 3 zeros from the currency…Parliamentary finance is suspended and determines the size of the cost and the economic effects ”   …I look at this article as being another fair warning of the change that is to come…not only are they thinking about the deletion of the zeros, it has been in the works for many years now and is about to be launched. imo…They…what the focus is.  It is actually deleting three zeros from the exchange rate, which reduces the number (as they show) from 1000 to 1, which then begets 1/1 and with that comes great purchasing power…imo…

Pimpy – Dinar Guru  Article “Private banks announce support for central bank reforms to develop the Iraqi economy”  the banks are happy about the reform papers…you were told that the rate change is in these papers.  We know they told us that the DISCUSSION of the rate change is in the papers.  Are they going to announce anything?  I don’t know.  But there’ is nothing out there that says that once these are implemented that the rate change would be part of it.  All we know it that they told us that they would discuss it.  That means the rate change can happen at any time when you least expect it. 

Dinar Investor – Jeff  Iraq is talking from their butt on this.  Half the crap they tell you is not even true…let’s back up to last year…they didn’t change the rate…but…on March 21st of last year they told you…they had full intentional of increasing their exchange rate…then through the middle of last year they put out a crap-load of articles talking about coins and how coins could only be released based on the parameters that they increase the exchange rate…so they give us all this information last year suggesting they have full intentions of increasing their exchange rate.  Then they don’t. And then this year all they put out are these articles talking about physically lopping the currency.  They’re just screwing with your head.  You can’t take these articles serious.  All they’ve done is pumping BS to you.  These articles are complete lies.

Mountain Goat – Dinar Guru  Will other currencies RV along with the reinstatement of the Iraqi dinar?  I have never discounted any other currency from also RVing along with the reinstatement, as this might also be a good time to do them. But the one thing that I hate the most is this talk about a “planned” GCR (global currency reset). There is no such thing as a GCR going to happen and there never was…

MilitiaMan – Dinar Guru  Yesterday Iraq Finance Minister is given the green light to negotiate with AYSCUDA. The negotiations would have to be with information that would need to have been obtained from the CBI to negotiate Iraq’s procedures to get up to international standards as that is expected of a Country that to be a modern market economy.. The BIS may be our icing on the cake. Imo IT IS!!!  [ASYCUDA provides the core software and related expertise to create an efficient and effective environment for the management of Customs operations”]

Pimpy – Dinar Guru  …one of the rumors that I seen flying around was Al-Kazemi has secretly spoke with President Trump and he said once he landed into Iraq he was going to go ahead and implement the rate change.  Here’s the thing when it comes to this rate change.  They’re not going to announce it…they’re not going to tell anybody.  They just do the rate change…you’ll just wake up one day and a rate change will be done.  That’s how it’s going to work.  Somebody will spot it first – they’ll start spreading it.  People will find out.  It’ll spread like wildfire.  Then you’ll know it’s done…

Dinar Investor – Jeff   Article:   “The government intends to “peek” parliament…Alternative solution to “rejecting internal borrowing” in the 2021 budget: resorting to citizens’ money!”  …a very good article…I keep trying to tell you guys they’ve got to have the rate changed before they can really even start the approval and creation process of that ’21 budget…this has 21 budget post rate change written all over it…

Petra – Dinar Guru   Article:  “The Iraqi Central Bank and the Bank for International Settlements agree to increase investment opportunities”   Quotes:  “The Central Bank of Iraq held a remote meeting with the Bank for International Settlements (BIS) to discuss prospects for joint cooperation and investment mechanisms between the two parties.”;  “the two sides agreed on the contribution of the Bank for International Settlements to enhance the capabilities of the Central Bank of Iraq and increase investment opportunities in foreign reserves.”   Who better knows they are under Article 14 and cannot transact internationally…unless?  So why make this commitment of investment?   It’s a rhetorical question!  And yes, of course they would know about the rate change because they are the ones who will notify all the other CB’s around the world when it is formally announced by the CBI. Somethings coming!!!  Watch the CBI!!!

Dinar Investor – Jeff   What is the budget waiting on?  Why haven’t we seen it yet?  Well it’s simple.  Because this budget has reforms in it.  It literally needs the rate change for its calculations.  In other words they can’t start the budget until after the rate has changed.  Article:   “The 2021 Budget Will arrive in Parliament Next week“.  If this is true I’ve got a big smile on my face…everything I’ve been telling you is right on track…we’re looking good.

Delta – Dinar Guru    ...they say when Iraq goes back internationally they have to go to the pre-war…that’s about $3.22.  They’re talking about a reinstatement…it’s a one way street.  There’s no going back. You can see the urgency and rushing to finalize this…because they know when they release the value and go international whoever becomes the president in the U.S. they cannot change that anymore because it’s a one way street.  If they go right now, to say 1 to 1, they cannot come back and say we’re going back to 1200 dinar.  It doesn’t work anymore…they are moving very fast…they have to finish and finalize the new rate.

Mountain Goat – Dinar Guru  Article:  “ASIA TIMES: ASIA-PACIFIC COUNTRIES SIGN WORLD’S LARGEST TRADE PACT … INCLUDING VIETNAM, INDONESIA ”   Vietnam is getting into the same situation as Iraq . Unless they release a rate it will be hard to do business in Vietnam with all these zeros. This is one to watch. I have proof that the Dong was scheduled to revalue way back in 2011 and was held up due to money laundering for China . But that was 9 years ago. It is way overdue to revalue.

Dinar Investor – Jeff   Let’s talk about the 2021 budget…”the rate is in the budget“.  That’s not true.  Budgets do not contain rates.  They’re calculated off rates…it simply converts the overall calculation of the budget from being calculated in trillions of dinar (this is in today’s rate) to billions of dinar after the rate change...

Mountain Goat – Dinar Guru   Article:  “THE DECLINE IN THE RESERVES OF THE CENTRAL BANK OF IRAQ TO 35 BILLION DOLLARS .. AND THE REASON!”   so the loans they have been recently talking about to pay the salaries did NOT come from outside international funds? So they lied to us and to the Iraqi people. This is not good as they are now below the acceptable IMF levels for financial requirements. I told everyone they could NOT get outside loans in spite of what they were telling us they planned to do…

Delta – Dinar Guru   …there’s so many confirmations that the Central Bank of Iraq they’re on the verge to changing the rates and then go to the market economy…the CBI governor…told everyone that he is going to make the Iraqi dinar stronger.  This is what we’re looking for.  We’re really in good progress…not everything means imminent revaluation…yes, something is going to happen.  We don’t have much left…even if it’s going to happen December or January that’s less than 2 months left…this is the end of it.

Dinar Investor – Jeff  …Iraq has shown us for a while THERE’S NOTHING LEFT!  Since they completed the Borrowing Law we only hear crickets from Iraq.

Pimpy – Dinar Guru   …there’s a lot of speculation…that the rate change is in the 2021 budget.  We know that the reform papers or white papers talked about the study of dealing with the rate change but there was nothing set in stone.  They’re just talking about it.  Are we anticipating a rate change?  Yes.

Mountain Goat – Dinar Guru …we, as investors have trillions of this currency [IQD] in our holdings. Don’t hear much about this do you? They must come after our holdings…to get these notes out of circulation. The only way they are going to get mine is for me to exchange them at the banks for substantially more than what I paid for them.

Mountain Goat – Dinar Guru   Nothing has changed and so we are just waiting until the new fiscal year 2021 clock to begin and the adjustments along with the project to delete the zeros may take place.

Dinar Investor – Jeff    the last step is positioning in the money.  That’s what they’re doing right now…one of the most important steps of positioning the money is changing the rate and making Iraq’s currency internationally recognized.  That’s one of the most important steps of the reforms.  Everything is right on track.  It’s looking very very good.  We are moving in the right direction.  Iraq should have everything done and ready to go by the 21st next week…I’m not giving you that as the RV date…that’s when they’ll have everything done and ready to go…they can change the rate anytime after the president signs it [the borrowing law].  We’re looking very good.

Dinar Investor – Jeff  …They’ve done it!  They’ve approved the borrowing law.  The 3rd and final reading is all done…  Article:  “Parliament passes the borrowing bill and gives a green light to pay salaries” …it’s not a legal binding law yet.  The next thing they’re going to do is pass it off to the president for signature.  That will not happen  until next week…The president has to sign off on it so it can be a legally binding law and can be printed in the gazette.  That won’t happen until next week…by the 21st…there’s nothing else remaining.  This is the last and final step required for the rate change…they can change the rate anytime after that…

MilitiaMan – Dinar Guru   Article:  “Iraq Ports opens a branch of the Arab Islamic Mashreq Bank to facilitate financial services”   This Islamic bank must know it…it is now safe and secure!! The place was a smuggling haven in 2003… For this to be in the stage of opening banks in this port is  very telling... Just as the Port of Anara with Saudi Arabia is now…The ITBs banks are even gearing to finally open branches. Not just one but many in SA… IMO All good..

MilitiaMan – Dinar Guru   Article: “Al-Kazemi announces the launch of salaries after the approval of the loan law“  From the looks of what we are seeing the investment side of things is pushing forward…They really need the investment, reconstruction and employment. Paying salaries, creating future income to support those salaries is a function of going to a market economy… Full steam ahead…And it looks to be quite quickly now too.

Mountain Goat – Dinar Guru   Article:  “PLANNING EXPOSES THE LIES OF POLITICIZED PUBLICATIONS: THE IRAQI-CHINESE AGREEMENT IS LAUNCHED FOR IMPLEMENTATION … AND THERE IS NO ALTERNATIVE WITH EGYPT”  Quote:  “...we will announce some of its programs within the next two days and the steps TO ACTIVATE THE AGREEMENT THAT BEGAN WITH THE ERA OF HAIDER AL-ABADI’S GOVERNMENT AND WAS COMPLETED WITH THE ERA OF ABDUL-MAHDI, AND TODAY IT IS IN THE PROCESS OF IMPLEMENTATION”  we know part of this agreement was having the ability to transfer funds easily in and out of Iraq. So are we that close to the reinstatement of the Iraqi dinar? This is a very good announcement for us.

Adam Montana – Dinar Guru    In the US of A, we have a political fustercluck [a complex and utterly disordered and mismanaged situation…by Merriam-Webster]…, and like I said last week…the winner of the election doesn’t really affect what Iraq can and will do. It does, however, have an impact on what current President Trump may do in his (possibly) final months as CEO of the USA. Pushing Iraq towards an increase in wealth would be an incredible thing to add to the list of accomplishments, don’t you think?   I do…   [post 1 of 2]

Adam Montana – Dinar Guru  The price of Oil is…important to Iraq, and that’s doing fine… Also important is the political state in Iraq, and that too is doing fine…So… what’s the holdup?   HCL. And Article 140, to a limited extent, being limited to it’s importance to the HCL…Good news, though…that’s being worked on, and progress is being made… Don’t give up yet, friends…things are moving…GOOOOO RRRRVVVVV!!!!   [post 2 of 2]

Dinar Investor – Jeff   Article:   “Parliament holds a voting session on the borrowing law”  …we’re looking for two things after this…We’re looking for parliament to come out and say that they have finished and completed voting on the Borrowing Law.  We need to see an article that’s saying it’s fully approved and done by parliament.  And then the second article is we’re looking for the law to be passed off to the president.  We need him to sign it.  It needs to be a legal binding law…those are the steps we need to see with the law before you’re going to see that rate change…the president most likely is not going to sign it until probably next week sometime…