Dinar Observer Daily

Mountain Goat – Dinar Guru   Article:  “IRAQ IS THE SIXTH ARAB IN FOREIGN CURRENCY RESERVES”   So we were told before this crisis that Iraq had over 70 billion in reserves. We have been told that the reserves would not be used in this crisis to pay the bills since oil dropped so low. So why are the reserves now depleted by close to 20 billion? I think what we are being told in the news is not accurate. The lies always come out later. Were these lies just for American dinar investors? So the CBI is dangerously close to now having the minimum “safe” reserves needed by the IMF. I can tell you this will stop any reinstatement and revaluation.

Dinar Investor – Jeff  ...Kurdistan and Baghdad have to resolve their difference and reach a comprehensive agreement.  They don’t have stability without that.  They’ve got to be able to work together and have achieved stability before the Trump Administration will allow them to go International.  That’s why the U.S. government came out saying, ‘Hey, we the U.S. support a comprehensive agreement between Baghdad and Kurdistan.’  The U.S. is telling you they’ve got to have that before they’ll allow them to go International…

Pimpy – Dinar Guru   …right now the Iraqi dinar is not an acceptable or recognizable international currency…you can’t go into your bank and exchange it like you can a lot of other currencies because there’s restrictions on it right now…We need Iraq to be a sovereign nation…they’re not.  That’s why you see the government constantly saying they want to try to get their sovereignty recognized again…to be a sovereign nation of course you have to have your own currency.  We need them to have their sovereignty restored and then the restriction moved off the currency for it to be accepted.  I’d love to see them on the Forex that’s for sure.  Once that happens you should be able to go into your local bank…

Petra – Dinar Guru   …They are making all the right moves.  They are making the right plays.  The World Bank, the IMF and the Fab 4 are completely happy with what they’re seeing.  I’m hoping the go signal has been given…obviously we don’t know.  That’s pure speculation…all this stuff is just lining up…to me with all of this being done we’re down to timing…the world is ready.  The world needs it.  Iraq certainly needs it.  The fact that Kazemi is talking about a sovereign state – We’re just right there…

Dinar Investor – Jeff   Article:  “The Compensation resulting from Iraqs invasion of Kuwait amounted to 177 billion dollars”  This article further confers that as of this year they will be satisfying all their financial obligation and war reparations to the country of Kuwait…

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Militiaman – Dinar Guru  …this last bit of timing, the convergence of all the the economic stuff that’s been happening globally, I have to say that I really wasn’t a proponent of this global evolution.  I really wasn’t.  But now I’m starting to see things a little more clearly.  It is more a global situation.  It’s not in my view just about any one country.  It’s about a few or many.  And I think it’s all coming together because of these circumstances we find ourselves in economically…there is some really powerful stuff that’s coming out lately and I think we’re seeing that…when you’re talking about money you’re talking about prestige.  You’re talking about sovereignty.  You’re talking about currency and that’s where we are…it’s beautiful…I think these guys are timing things…I think short term.  I Just don’t see it any other way at the moment…

Petra – Dinar Guru  …they’re definitely following a playbook.  Now it’s down to execution of that playbook and the timing is there…central banks – we know they are aware of what’s going on.  I think now it’s down to a timing issue.  I think they’ve done all the checks they’ve needed to check…I think our study is coming to a close…

Pimpy – Dinar Guru  …there is a lot of activity happening around the world.  What I’m seeing, what I’m starting to realize is this is the last ditch effort of the so-called deep state trying to figure out what they need to do to stay in control.  You could see it everywhere…Al-Kazemi, what he’s doing is against everything the deep state wants him to do.  He is literally removing all the so-called deep state players out of Iraq.  This is not fictitious.  It’s actually happening.  He’s actually pressing charges against these senior political figures…all these Iranian backed puppets…

Delta – Dinar Guru   Question:   “Do you think the banks have this [100 dinar note now showing on the CBI]?” …probably not this one.  But it’s very interesting…we all know that the CBI they’re about to come out with the explanation – the details…I was dying to see something like this…it’s was very interesting for me to see proof that yes they did have 100 dinar notes…this was exactly printed out at the same time when they printed all currency that we have…for you to see something like that is really very nice and very interesting and very telling…we’ve got the proof that they had them...that gives indication that this is coming out…we’re really close for us to see exactly what they’re trying to do…we expected something like this but…like I said I was just dying to see something like that especially the one that we never had before like the 100 note. That’s amazing…

Mountain Goat – Dinar Guru   Where do we stand with the revaluation of the Iraqi dinar?  …It is the CBI that has to initiate the process from the top and then the US and the IMF that must go through the signoff process to allow them to go ahead. …Let us all take a deep breath and just relax. The CBI is still contemplating the “project to delete the zeros” and this is a FACT. I have heard the CBI has ordered the printing of much more of the new 100 dinar notes. We know these notes were previously printed but not in sufficient quantities. So why print more now if not planning something?… Why are these 100 notes important? …remember there is preparation to reinstate as the revaluation within Iraq comes first and the coins and these notes must be launched at about the same time or just prior.  So, we look for signs and we know these 100 notes and coins are important steps in the process.

Militiaman – Dinar Guru  The amount of things coming together seem to be very supportive for them to expose to the world an international rate…with Iran about to collapse, potential educational tools, 100 note being shown, the tireless effort by Kazemi the Prime Minister in respect to the “white paper” speaking of sovereignty and prestige too.  All about the money.  The glory days are prestige and would reflect the sovereignty IMO…

Petra – Dinar Guru  …The quietness of the CBI at this point in time tells me something is coming…our focus is strictly on the CBI and what Allawi, what Allaq and his team and Shabibi have to say and not the parliament.  But they did make a statement about revaluing and that is going to force the CBI’s hand to participate in responding to that statement…I think we’re in an exciting time.

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.

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.