Dinar Observer Daily

Dinar News Update –  The Central Bank of Iraq has now updated their market rates for the dinar.  It’s been nearly two and a half months since the last update.  Their latest CBI officially reported market rate for the dinar for July 28th is 1238.916.  This is out of the the IMF’s 2% rule with the official rate.  It’s unknown why the CBI kept the market rate hidden all this time.  It’s also unclear why they’ve decided to begin publicly updating again / now.

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MilitiaMan – Dinar Guru   Article:  “Al-Kazemi: We have worked tirelessly to prepare a comprehensive reform paper to revive the Iraqi economy and activate the industrial and agricultural sectors”   The white papers will or does hold the plan and at what rate (prestige) that plan will use to stimulate the social market economy, as they now have control or full sovereignty. …We see large USA and Foreign firms going into Iraq now and will continue; i.e., Shell, Total, Siemens, etc.. The large firms of the world would now have had the need to know key items within those white papers. Hence, there has been noted to be large sums of money movement of late. Just as we were shown there would be. [post 1 of 2….stay tuned]

MilitiaMan – Dinar Guru   …The revival of the state will rely on the country having sovereignty and prestige. Both require law and order and both relate to a countries currency. They’ll need to adjust their rate at some point and the pressure to do so has to be immense now. …The laundry list of ways they can support the new currency is surely well studied now and as Nassiri has written to the PM, pointing out the road map to get where they need to be. It now looks as though the PM has full intent on following it… imo A Good thing. So lets see if the investors will accept the new platform they mentioned for the ISX this next weekend… I am sure many eyes are watching.  [post 2 of 2]

Pimpy – Dinar Guru    Article:   “48 Billion dollars…a global site that reveals Iraq’s reserves of hard currency”  Quote “…This institution said according to the latest classification…that Iraq’s reserves of hard currency, including foreign exchange and gold, reached 48 billion and 80 million dollars noting that Iraq ranked 40th with the most reserves among the 138 statistically listed countries.”  …not too bad…that’s like a little bit better than the middle of the pack…that’s good to know.  The more the better…

RVAlready – Dinar Guru   Hoping for 800 numbers by Wednesday…this could actually be the week!

BGG ~ Baloney!!

Kaperoni – Dinar Guru  …Frank thinks the new prime minister and CBI governor will announce a new exchange rate. Wrong.  …There is no overnight RV.

MilitiaMan – Dinar Guru   Article:  “On Thursday, Finance Minister Ali Allawi confirmed the continuation of the application of automation and simplification of customs procedures”   Quote:  “…this Iraqi government will not hesitate to tackle corruption in Iraqi customs…He added, “We are proceeding with the implementation of automation and simplification of procedures as part of our broader program to reform the economy and diversify revenues”  Yes, they sure are…Perfect timing too…Nothing like activating reforms and increasing revenues while tackling corruption along the way.

Pimpy – Dinar Guru   …man somebody is trying to score some major major brownie points with the United Nations.  Our boy Al-Kazemi is not playing around…it’s nice to see when people actually get in government and care more about the people instead of themselves… Al-Kazemi Speech quote “..we have worked tirelessly to work on a comprehensive reform paper called “the white paper” that will revive the Iraqi economy, solve financial crisis…activate agriculture and industrial production, introduce projects to address these crisis and our unemployed youth, revive the market and put Iraq economy on the right track by stopping the waste and exploitation of the public money...”   Now there are a lot of people who really believe that the rate change is in the white paper.  But my thing is when is this “white paper” going to be implemented if that’s the case? …it looks like things are going in the right direction…

Adam Montana – Dinar Guru   Article:  “Al-Kazemi’s visits to Riyadh and Washington were not canceled”  Quote:  “…tours of Prime Minister Mustafa Al-Kazemi of the Kingdom of Saudi Arabia, and the United States of America, existed and were not canceled.“

Dinar Investor – Jeff  …this is huge…the Financial Management Law – that is the tool used to commission the rate change…they’re telling you they’re about to restructure their budget for the second half of this year under the guidance and control of the Financial Management Law…see how huge this is?…notice how they brought you the “White Papers”.   Also notice how they went into great detail about reviewing the exchange rate and notice how they’re doing this as they’re finishing the first half of their year approaching the second half of their year.  September is red hot…this article is amazing… [Post 2 of 2]

Pimpy – Dinar Guru   …without putting too much hopium into what’s going to happen, I’m waiting for the Finance Minister of Iraq to possibly make some very interesting announcements this week.  Let’s see what happens.  I don’t want to say too much but we’re definitely monitoring it.  One thing that can help restore the sovereignty of Iraq is for them to have the restrictions removed off of their currency so they could be a sovereign nation and start dealing with the international community…something tells me there’s going to be some very interesting news here between now and the first week of August.  Something that you could feel very happy about…

Dinar Investor – Jeff   …March of last year…Iraq introduced us to the Financial Management Law…it’s a tool that will be used to commission the rate change…this first article is an older one from March 20, 2019:   “Parliamentary move to raise the price of the dinar and maintain the stability of inflation”  …they explain the Financial Administration Law to us and how it’s…a tool used to commission the rate change.  Let’s look at the article from yesterday Article:   “The Government and parliament are considering approving two budgets”  …One for the remainder of this year and one for next year of 2021…  Quote:   “…expressing his belief there will be no federal budget for the year of 2020 and the government will complete this year according to the Financial Management Law.”   [post 1 of 2….stay tuned]

Petra – Dinar Guru  …the budget.  We haven’t seen the budget.  They haven’t shown the budget.  Why?  What’s in the budget that they don’t want to show us?  It’s the rate.  It has to be…”coincidences” are aligning to demonstrate a great need for change.  And the “white papers” even dictate that the change occurs with the change in rate…I see a lot of alignment going on for now rather than later…There are a lot of coincidences aligning with a timed event that has got to be coming up here pretty quick.

Austin-Powers-For-PM   …Normally I’d say that it is entirely possible they’d kick the can down range another 6 months to a year. They’ve been doing this for 10+ years and nothing would stop them to do that again. However, now it’s different. You have a P.M. who isn’t kissing Iran’s rear end. You have things blowing up all over Iran and putting things out of commission. You have a President facing re-election who needs something dramatic to get reelected. You have a global cash liquidity crisis that needs to be dealt with NOW! You have IQD prices going through the roof because nobody can get it. Something BIG is going to happen between now and January 2nd, and I believe before then.  I have other reasons that I believe this time somethings in the works, but in any case, the earth is moving. How fast is hard to tell, but believe this is coming.

Petra – Dinar Guru  …If I was going to use two words today to describe all the articles coming out in the last 72 hours it would be “strategic confusion”…there’s some interesting development that I think we need to bring up…they are so desperate for cash they are offering people to deposit their money into the banks…I saw two articles.  One said they are offering double the return and other article said they’re offering a 10% interest rate.  The only way I could see them making double the return is if they were given double the purchasing power or triple or quadruple the purchasing power.  The key here is the liquidity factor is still an issue within the country of Iraq…they are essentially borrowing from the people themselves so they can turn around and pay them…

Dinar Investor – Jeff   …gold and silver IMO are slowly increasing in value walking you to the timing of the rate change.  As well as the dollar devaluing so that way when the rate does change it will strengthen the US dollar so the dollar can actually go back up in value...The dollar is already high.  It was well over 100 cents so it would make sense that if they are going to gold backed they would have to devalue the dollar to give it wiggle room to go back up when they or if they go gold-backed…

Pimpy – Dinar Guru    There is talk about Iraq going back to its normal fiscal period…the year would start in April.  Their half year would be October.  That’s what it used to be and that would line them up with other Arab nations that are all part of the Arab Monetary Fund…Let’s see if inside this new budget we do see the rate change.  That’ll be really nice… Quote:   “…revealed the handing over of the 2020 budget to the house of representative next October. Staring to work on a budget of 2021.  Noting it would be delivered to the parliament in October noting that it would be studied and approved early”  …October seems to be a big month for a lot of reasons…Something about this month of October.  You know there’s the rumors of when Trump’s going to be meeting with IMF bank.  We’ll see what happens there.  Obviously they’re putting forward their budget in October as well.  This could all mean something or maybe it won’t.  We’ll keep an eye on it.

Dinar Investor – Jeff    Article:   “Ministerial Round-table discussions express support for Iraqi government economic reforms”  I’ve been telling you that the “white paper” is the roadmap for the new economic system to be launched which includes the rate change.  Article quote:   “Dr. Allawi said the the new Iraqi government is committed to submitting a wide-ranging White Paper to Parliament in September 2020 which will set out a roadmap to reorient the Iraqi economy…”  They’re telling you right here it’s going to be submitted to parliament in September 2020...doesn’t get any more clear than that…

Dinar Investor – Jeff   I’ve been in this 11 years since ’09.  This is the first year that they’ve never approved an operating budget since I’ve been in this…what they’re telling you is that the rate change is married to the budget.  That’s one of the main things you’re looking for.  And remember Iraq has to have stability.  Meaning Kurdistan and Baghdad have to reach an agreement…the US requested to have the UN come in and work with both Baghdad and Kurdistan to resolve their differences…they have to reach that agreement in order for the rate change to go international…

Pimpy – Dinar Guru  This looks like a huge International movement.  This is what we want.  We know that Iraq is going to be the doorway to do major business over in the Middle East.  There’s a lot of business opportunities over there.  They’ve been war torn for quite some time…a lot of infrastructure needs to be dealt with…

Militiaman – Dinar Guru  …the theory of  [the rate change/RV] being out into September is not being supported yet imo one bit.  If you have links to support the view they will extend reforms out to September with fresh information, then please bring it in. Love to see it. In the mean time, we are imo watching the live progress on many fronts, not just Iraqs…

Pimpy – Dinar Guru  Article:   “Ministerial Roundtable discussions express support for Iraqi government economic reforms” …This article is long but I can tell you this, if they have “white papers” for all these different files, they’re going to be all presented in September of this year…There’s a lot of discussion about, are the rate changes in this “white paper”?  A lot of people seem to be pointing that direction.  I haven’t seen anything that says that the rate change is in the white papers but that doesn’t mean it’s not in the white papers.  I’m looking for something a little bit different.  I’m looking for the international community to once again…recognize the sovereignty of Iraq.  And as you guys know in order to be a sovereign county you have to have your own currency.  Iraq does have its own currency, I get that but they need the restrictions lifted off it so we can see them on the Forex once again…

Militiaman – Dinar Guru   ...The World Bank states that Iraq will have issues with out getting the reforms done. They say borrowing is going to be difficult for Iraq to fund expenditures. Then today we see proof of that and with a qualification that they can get the monies through FINANCIAL REFORMS.  This is not theory. This is what they can do and it is coming from the Finance Committee. The reforms will allow the money to flow, imo, that money will require an international rate.  Financial Reforms are not at a program rate for pete sake.

Pimpy – Dinar Guru  …A lot of you brought it to my attention that yes indeed we know Al-Kazemi is not here with Trump like he was scheduled to be here but Trump had postponed it.  I don’t think they set a date yet due to everything that’s happening here in our country.  There’s a lot of instability.  They’re using corona as an excuse.  But, yeah it’s going to happen.  I wouldn’t worry too much about it.  This give Al-Kazemi a little more time for him to hammer out his issues with Kurdistan and for them to just go ahead and continue to make big strives and do what they need to do to get their sovereignty back…the problem is now we’re hearing little bits of good information every day so it kind of gets old.  I think a lot of us are just like come on man just make it happen already!

Mountain Goat – Dinar Guru  I told everyone weeks ago to bash your hopes of any RV during the month of July. There are way too many pieces still to fix and work out prior. But I know for a fact the project to delete the zeros is going to take place sooner than later. They are also planning a new CBI governor replacement.

BGG –   Article:  “Minister of Finance: 300 thousand “space” employees in Iraq”  Quote:  “Allawi explained that the issues that were buried because of the large and growing oil revenues are now evolving, and this includes payments for an estimated 300,000 “ghost” or fictional employee ”  This is probably more accurately translated as “Ghost employees”, a corruption issue for a long time now and one of the big reasons no one wants to just give them money for “salaries”.  It would all go to these corrupt politicians via this sham payroll scam.  The good news – the MoF is going after them in an open, honest, legal fashion.

Pimpy – Dinar Guru    Question:  “[What are the] best places to turn in foreign currency?”  Foreign currencies as long as there’s no restrictions on them you should be able to turn them into your bank…just ask them in advance…just say, ‘If I bought foreign currency and I needed to exchange it can I buy it and exchange it here?’  If they say what kind of currency just say “any kind”.  Don’t tell them anything specifically because Iraq has restrictions on it and they’ll say no they don’t do Iraqi dinar.  Just hang tight and once the restrictions are off then consider that…

Adam Montana – Dinar Guru   Iran isn’t the only place Iraq and Kazzammie are working. We’re also witnessing positive Saudi news. We also have news regarding Iraq’s oil exports… and they are NOT complying with the OPEC+ agreement. It was my opinion all along that they would not comply with that agreement… they are nodding “yes”, but doing exactly what they want at the same time. Iraq is moving forward, they are strengthening all aspects of their situation… and that is GOOD for us!  …Go Kazzammie, go HCL, go Iraq…GO RRRVVVV!!!  [post 2 of 2]

Pimpy – Dinar Guru  …For those of you that don’t know they switched Al-Kazemi’s meeting from July to August.  It’s coming up here very shortly.  I think it was supposed to be yesterday but there were some delays and now Kazemi will be over there [Washington D.C.] in August…