Dinar Observer Daily

Mountain Goat – Dinar Guru   Moving into August already. What will August bring us? There must be a breakthrough soon on the formation of the new govt in Iraq. Already they are saying this election process has hit a Guiness book of world records on the longest. But we all should know by now what the real cause of the delay is really all about. It is about corruption…Can they finally destroy Nori al-Maliki and rid Iraq of him…once and for all?

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RVAlready – Dinar Guru   It is not the same old story. We are now pretty sure that the CBI is ready to push the button. They will do so as soon as parliament votes in a new president of the republic. In other words, we may be days away from the RV.

Jeff – Dinar Guru  …The dinar has not changed.  It remains…1460.  That’s where it’s remained since it was devalued in December 20, 2020.  No change has occurred.  It remains the same…the banks have to price everything off of the CBI.  The CBI is the mother source in this.  This is where everything starts against the currency…the rate has not changed.

Militiaman – Dinar Guru  I’m a little bit numb.  I pinched myself a couple time because at this stage of the game it may not be terribly surprising but this it’s surprising because it’s actually here.  We’re seeing the results of all the things we’ve been talking about come to fruition.  Things that we never even thought of are happening…it’s time to give them what they need and show them a new exchange rate…

Petra – Dinar Guru   This is great news [Kazemi announcing to citizens a new exchange rate is coming].  I don’t know how to respond.  It’s exciting.  It’s good.  It’s something we’ve all been waiting for for quite some time…

Pimpy – Dinar Guru  I had a feeling this was coming in this direction…A revolution is when the people rise up against the government.  A civil war is when the country is divided in half – it’s people – and they don’t agree on the same thing… [they] decide to duke it out but you use guns…it looks like a revolution might be starting over there in Iraq.

Samson – Dinar Guru   Article:  “After his supporters stormed parliament, Muqtada al-Sadr: Your message has arrived and you have terrified the corrupt“

Sandy Ingram – Dinar Guru  Iraqi protesters broke into the parliament denouncing the nomination of the new Iraqi prime minister on Wednesday.  Al-Sadr told protesters at the parliament building that their message had been received and that they should return home.

Breitling – Dinar Guru  Question: ‘If they turn the dinar digital is there a chance there won’t be an exchange process and we’ll be blocked out of the opportunity?’  It doesn’t work that way.  Iraq is not going to get rid of their paper currency...for Iraq to say they’re going to have a very small portion of their currency to go digital that means they would be trading on the international platforms…That’s very very good news for us.  That’s why those article are coming out.

Clare – Dinar Guru   Article “Detailed statement..Finance announces 25 achievements in implementing the white paper”  VERY IMPRESSIVE! IRAQ SURE HAS COME A LONG WAY WITH THE RIGHT PM …AND THAT IS KAZEMI! IMO…

Jeff – Dinar Guru  Article “Issuance of a late budget law is better than the end of the fiscal year without it”  There has been a reasonable amount of gurus that have stated that Iraq will not do any budget at all and that’s going to do just the Food  and Security Law.  That can’t happen…

Kaperoni – Dinar Guru  The plan from the IMF for the Iraqi dinar was stated in 2013 in the IMF Article IV Consultation. It encouraged Iraq to create the conditions (pass laws, encourage investment, etc.) Then float the dinar allowing a gradual appreciation based on sound principles, economic growth.

Sandy Ingram – Dinar Guru  …If the adjustment of the currency occurs…you will have 30 days to set up a legal tax protection plan.  If you fail to do so you could end up paying up to 35% of your profits in taxes including state and federal taxes.  Are you prepared to give the U.S. government close to $35,000 out of $100,000 with little to no way to get a refund for any of the $35,000?  …the moment you earn a profit it the moment you owe taxes…

MilitiaMan – Dinar Guru   Article:  “The General Secretariat sets the ceiling for the salaries of lecturers and workers within the Food Security Law”   It looks like they are doing what the Prime minister ordered them to do. While they adjust salaries, etc., they are going to restore the Dollar exchange rate to what is was in a previous era. Hence the need to adjust the rates at which they pay out…

Samson – Dinar Guru  Article:  “A new parliamentary movement to restore the price of the dollar to its previous era”   Quote: “lowering the dollar exchange rate should be a priority for the next government,”

Jeff – Dinar Guru  Article: “The framework called for holding a session next Saturday to elect the President of the Republic”  You know the major important step we’re looking to see is that government formed…I don’t know how true [this article] is.  We’ll know by Friday the credibility of this…

Mountain Goat – Dinar Guru   Article:  “AN IRAQI OFFICIAL REVEALS THE AXES OF MONETARY POLICY TO CONFRONT INFLATIONARY PRICES”  As long as they continue down this road of not allowing the outside to invest in Iraq and superficially holding back the currency from its true VALUE and thus reflect it in the RATE they will continue to have these inflationary crises after crises.

MilitiaMan – Dinar Guru  The CBI is ready as they will ever be to change the exchange rate. They have told us that the starting point for the Iraq Banking sector for Europe will be in France.  Not the exclusive point but the starting point…Halabousi, Saleh and Kahdimi…[If] they tell us that they have the three in power and are to stay, then the CBI will likely finish the game within nano seconds around the world out of Europe. TIming… Exposure… Activation… All are about to show the world Iraq is back..

Nader – Dinar Guru   I said there it is, it’s happening.  That means it’s impressive.  It’ll happen now. It’s gonna go fast now.  It’s gonna happen fast.  We counter from here to October.  They have to set up a government and have to apply for a lot of things, especially Forex.  It have to be in Forex…Keep safe.  Keep grounded.  It’s coming up…

Jeff – Dinar Guru  Mark my words once they start voting on the president they’re going to change the rate very shortly after probably within a week.  It will be very close in time.  They only need about a week to form the government…

Pimpy – Dinar Guru   Article:   “Advisor to the Prime Minister determines one option to reduce the dollar exchange…”  When they say reduce the dollar exchange what they’re talking about is reducing the dollar’s value against the Iraqi dinar which is the right direction...

Petra – Dinar Guru   Article:   “3 conditions presented by al-Sadr to reconcile with al-Maliki.. Get to know them“.  Sadr just laid down the gauntlet! Think of it, he sends these 3 requirements to Maliki (and the citizens of Iraq) for him to step up and face the judiciary for all the crimes he has purported to have committed. If he does not, then in all the eyes of the people and their justice system, he is considered guilty…What a brilliant chess move by Sadr…

Jeff – Dinar Guru   Article:  “A deputy Sets The Date For The Election Of The Presidents Of The Republic And The Government”  They’re bundling the election of the president and the Prim Minister together.  They only need about a week to complete both of these steps...Why one week?  So they can revalue immediately after they do them that’s why…

Breitling – Dinar Guru   Question:  “You mentioned a potential value to come in between $0.55 to $0.65…but a lot has changed – the price of oil has gone up, their coffers are getting full, they paid off debt.  Wouldn’t that lend support for a higher rate as well?  Up to $1.17?”  No…its value is how many customers do they have.  How much dinar do they have out there.  And how many times is it being used… [Post 1 of 2]

Breitling – Dinar Guru   Remember they got to compete within their region so they’re not going to have a currency that’s above everybody else’s…the average value of the currencies in the Middle East I think it’s like $0.40 to $0.50.  So what do they want to do?  They want to be able to compete in the region and at the same time grow in other markets and that’s why I say that they’ll start off at $0.50/$0.60 because they can afford that.  [Post 2 of 2]

Militiaman – Dinar Guru  …The government in place that is Halabousi, Saleh and Kahdimi can, are and will continue in the present state of affairs. The back and forth about seating of the government now is looking to be more folly than anything else…The present government is legal and can do day to day business… They have the authority all taken care of or the deals with FRANCE would not have been done… IMO… TIMING…

Pimpy – Dinar Guru  What is it 9 months later and there’s still no government.  Nope not at all.  What do we see every week?  We see the same thing – the Coordinating Framework promising what?  That they will have a quorum and they will elect the president and the Prime Minister…[new] elections are coming I have a feeling no matter what…

Clare – Dinar Guru   Article:  “Central Bank: Paris will be the starting point of the Iraqi banking sector towards Europe“

Jeff – Dinar Guru   Kazemi will be reinstated two terms for Prime Minister.  Look for him to be reinstated on a Saturday.