Dinar Observer Daily

Pimpy – Dinar Guru    Article “…the economic adviser to the Iraq Prime Minister Salih…the process of increasing the foreign exchange rate of the Iraqi dinar always occurs during the official holidays.  This is a natural and expected thing due to the current conditions…”    What are they talking about?  They’re talking about changing rate after the curfew.  After the crisis…Is the rate change ready to happen?  Is there any other articles out there that support this?  Yes there is!  Article quote “The Finance Committee comments on Friday the central bank’s decision to stop the dollar from flowing into the market with the aim of floating the dinar and reducing its value in order to fill parts of the budget deficit and the needs of the government.”  What does it want to do?  It wants to lower the value of the dollar by floating the dinar… [Post 1 of 2]

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Pimpy – Dinar Guru   …what this guy is saying is that the value of the dollar is strong against the dinar.  They need to do something about that…We all know if they float the dinar that’s based on supply and demand.  We all know there’s a lot of people that want to buy dinar…So what they need to do is lower the value of the US dollar…How are they gonna do that?  By floating the dinar and allowing the rate to increase.  Go ahead, do the pee-pee dance!  It looks like a lot of this is lining up…quote “floating the dinar to fill part of the state’s budget deficit is impossible.  But it may be in harmony with the current situation to compensate for the shortfall of the oil revenues.”  They’re saying look we need to do something to fill in the budget gap because of the shortfalls of the oil.  And how do you do that? …They need to increase the rate…we might be at the doorstop.  Finally people!  Let’s not get overly excited.  But it’s starting to look really really good… [Post 2 of 2]

Chattels – Dinar Guru   Mahdi has “stepped away” but he has not “left his post”, It is a curious constitutional posture from what I understand.  Zarfi’s government, people and policy program, are arguably dead on arrival.  Both Ameri and Maliki oppose him.  The Kurds have said that they will not support any PM designate without a Shia consensus favoring that candidate.  While I put my money on an increase in value of the dinar, I must allow for the probability that Mahdi will stay until elections in 2022 if the/any government survives.

Pimpy – Dinar Guru   Article: “Al-Zarfi challenges the Shiite force and requests an appointment for the confidence session.”  This guy is ready to get in there…“the Prime Minister designate Zarfi said Friday that he will present his government program to parliament tomorrow Saturday with the request to set the date for the session to give confidence to his government...”  I feel like finally we’re gonna get what we want and that is a prime minister in there with his government…he has a really good relationship with America and the Trump Administration.  And this guy is not a fan of Iran…Iraq is starting to look like it’s stabilizing a little bit.  With this new PM going in there.  With this new government going in there.  And Trump going in there removing the influence and the grip of the Iranian people.  Let’s just hope it’s time…

Kaperoni – Dinar Guru   We know from past history that when the exchange rate gets out of whack it takes many months to get it back in line using the traditional auction. So the CBI statement today is very interesting. The CBI announced today that this weak dinar will change soon. And at the same time a member of parliament today stated that they stopped the auctions in preparation to float.  Though none of this is definitive it is very interesting and the pieces sound compelling that they may be going to float in very short order. But we’ll just have to wait and see…  [post 2 of 2]

Kaperoni – Dinar Guru   A couple of weeks ago A member of parliament came out in two articles that the central bank was about to float the currency. We never heard anything further other than those two articles. Last week the Central Bank of Iraq announced that they were going to stop the auctions temporarily. This is had a negative effect on the dinar market rate as it provides a balance between dinars and dollars as well as providing a source of dollars to pay for foreign imports. As of today the market rate in Iraq has dropped to 1260 to $1. This is a direct result of a lack of dollars available in the marketplace.   [post 1 of 2]

Tman23 – Dinar Guru   What a worldwide conundrum!   So what has a better chance of happening in the future  1) Iraq opens their market economy  2) there is a global reset of debt and currency values. Personally I tend to believe #2 is in play as a real possibility. And if a reset on world economies came about, it would affect #1 and their currency value … But waiting for Iraq to reach an open market economy with poor infrastructure and poor skilled labor pools with poor work ethics being the lynch pin to gain value to the currency along with a stable government… if that’s what Kap [Guru Kaperoni] is waiting on and follows 24/7…one word with a proven history proves it will never happen that way …that word is IRAQ!!

Dinar Investor – Jeff  …here’s another article that came out last night….. “The process of increasing the foreign exchange rate of the Iraq dinar always occurs during official holidays.”  …it’s not about the coronavirus it’s about the facts…the coronavirus was just a coincidence.  It was unexpected...Iraq has done too much and they’ve come too far along to put all their progress on hold…after 15 months of work…we are looking very good right now…

Mike Cottrell – Dinar Guru   As far as Exchange protocols have always been to have a DeLarue machine verify each currency. I assume it would still be a sanitary way to do it with minimal contact

BGG ~ Internet jibberish. None of this is accurate. The De La Rue machine is not an automated authentication protocol. Anyone saying it is – or speaking as an “authority” on the subject is making it up as they go. It is a high end counter and “screening device” – IT DOES NOT AUTHENTICATE ANYTHING. I have spoken to the engineers who designed it (in London) on a number of occasions. This was their description directly to me. Had it been the device everyone is claiming – I would have bought (or leased) one. It is not.

Adam Montana – Dinar Guru    …It’s April first, which means you can expect some pranks today… all from 6 feet away, of course!  …There will be no RV pranks in this Weekly update…The world is being shaken up like never before. There has never been a better time to watch things – unprecedented things – unfold right in front of us… Many thought the Stimulus bill passing like that just could not happen, just like many would deny the possibility of the Iraqi Dinar increasing in value.  It’s not just a “possibility”. This is something that is going to happen.  …Keep your heads up, stay safe, wash your hands, and GOOOO RRRVVVV!!!!

Chattels – Dinar Guru   Article quote:  “As Iraq’s Prime Minister-designate Adnan al-Zurfi struggles to secure adequate parliamentary votes for his candidacy, Iraqi political parties are uncertain about whether they should support him, find a new candidate or even keep caretaker Prime Minister Adel Abdul Mahdi in office.”   General elections are currently scheduled for 2022, but protesters have demanded they be held this year.

MilitiaMan – Dinar Guru    The collectivism of all this data out now is not for just any old reason, imo.   …The timing of this at this juncture paints a vivid picture in my mind. It paints a major power play into view. Iraq has no where but up to go from here!!!. imo.   …We know CBI Gov. Alak has openly stated he was not going to devalue the IQD. It goes against all of that that has been done to…date to keep the IQD stable and steady. …Iraq can’t borrow any money from the looks of it lately from anyone. But, if they have the ability to get into the secondary markets with their currency and their stock exchange, they can use those mediums to get dollars into the future. So not only could this be about Iraq going international in secondary markets terms, the FIMA just may be the mechanism to facilitate them to do so through the US FED.. Thereby, Iraq will need to reinstate their currency to do so.  Which will support other currencies around the world. imo

Dinar Investor – Jeff   …It’s very quiet right now…we’re definitely at the end…here’s the ultimate step we needed to see.  We needed to see Iraq shut down their financial markets.  Stop the auctions and stop the ISX…They’re resuming it on April 12th…we don’t want to see the ISX extended past April 11th.  We want the ISX to come back online on April 12th…everything is where it needs to be…

Mountain Goat – Dinar Guru   There are lots of articles out there about many options and suggestions as to how Iraq intends to deal with the down turn in the oil revenues. These are ONLY suggestions…Take this all with a grain of salt. Nothing will be done until the new PM is ratified. They can not proceed without him/her and so the pressure is on.

Pimpy – Dinar Guru   …these people in parliament we all know they’re corrupt…we know there’s been a huge crackdown on this.  Guess what?  Trump’s now supporting this guy [Zafari] and he wants him to put in the government that they are going to support…this is the kind of movement we want to see…Trump’s not playing around anymore.  He’s already forming his next agenda and what he’s gonna do over there in Iraq and he’s implementing it right away.  These guys should have their government formed voted on and implemented somewhere between the middle and the end of April.  It’s funny how all of these things are happening right around April...this is some good news.  This is exciting…all this pertains to what’s gonna happen to the dinar.  We really want this country to really get stable…I think you’re gonna see a lot of action happen here between now and the end of this next month…

MilitiaMan – Dinar Guru   Article:   “Currency Manipulation and Countervailing Duties”  Quote:  “On April 6, 2020, the rule is to go into effect and U.S. industries can begin submitting petitions for potential relief to the U.S. International Trade Commission and Commerce’s International Trade  Administration”   I’ll bet that the data we are witnessing now out of Irag, USA, GB, CBs, etc., is that they are gearing for Iraq to be playing with the big boyz in and on the INTERNATIONAL STAGE!!! There are no coincidences imo…

Adam Montana – Dinar Guru   Article: “The central bank clarifies the fact that it is not possible to pay salaries next month”  Quote:  “…Iraq’s cash reserves are currently $ 60 billion,” pointing out that “there is no reason to worry about that.”  Raise the value on the Dinar and their reserves are much more!

Pimpy – Dinar Guru  The temporary PM has now gotten a green light…the factions finally got together…Zafari is now a candidate and all the voting blocks had recommended him.  Yay!  Finally they agreed on something.   On March 16 the president Selih had appointed him as the temporary PM but now he’s been approved by all the different parliamentary blocks.  Thank goodness…that’s a step in the right direction…his name has now been officially recommended.

MilitiaMan – Dinar Guru   Article:  “Parliamentary Economy: Resorting to the central reserve will not affect the exchange rate of the dinar”   Quote:  “As a medium of exchange, it trades only within the nation of Iraq, which makes it a “soft currency”.  Unlike “hard currencies”, like the US dollar or the euro, the Iraqi dinar is not used to settle claims on international markets. This can make the international Iraqi dinar exchange rate uncertain.”  The above suggests they now are ready to go into the secondary markets. And to do so they have to be a hard currency.. Not a soft one. Hard currencies are international currencies with an internationally acceptable exchange rate… The ISX is under curfew? Why, when they can trade electronically or can they?   I’ll bet the inter connectivity to the NSDAQ has something to do with it… They are a secondary market platform, are they not? Starting to get clearer? I sure hope so!!    It is sure is a beacon of light, imo..

Dinar Investor – Jeff   …Let’s say Iraq were to change the rate on Sunday April 12th.  Those two email correspondences from those brokerage firms state they would reopen on Sunday the 12th.  Let’s say the rate were to change on the 12th.  “The trading floor is currency open 6 hours a week Sunday, Tuesday and Thursday from 10am to 12 noon.” ...if the rate were to change on Sunday it doesn’t matter if the ISX reopens for business because the fact that they don’t even start trading until 10am Sunday morning.  That would be after the rate change.  My point is if the rate were to change on Sunday the 12th the rate would change while the ISX is still closed...

MilitiaMan – Dinar Guru   Article:  “Head of the government follow-up cell: Iraq may resort to printing currency to secure employee salaries..The crisis will begin early next month”   Now we see additional data that tells us that an option is on the table to print money? More money to depreciate the value of the IQD? Lol!  I think not!! They are not going to use an option like that at this stage. The FACT is Alak told us point blank they were not going to devalue the IQD…So, now what we know is that Alak is not going to devalue the currency, they have no option now but to revalue the IQD and with a powerful international rate…As they will be using valuable reserves that will effect their future ability to do things. We know they already printed the NSCNs, they most likely minted coins too.  …we see the CBI setting date limits for Salaries when it is the job of the Financial Minister, we can see that a pattern has changed.. They are in a hurry…I am liken this and big time…

Delta – Dinar Guru   …I might be wrong but my opinion is that come April the Central Bank of Iraq is gonna make the move…remember if they are going to increase the value...they want to be sure they paid salaries before they do anything.  They are moving very fast to pay those salaries…I’ve never seen the CBI rushing the citizens…to [give] a due date, ‘You have by Tuesday to go get your money.’  It never happened before…I do believe after they pay all the salaries the Central Bank of Iraq has to move forward and raise the value…they have only one month.  Next month and then it’s a disaster for Iraq.  They have to come up ASAP…

Pimpy – Dinar Guru   …these people are in such an economical financial crunch they need to increase the rate.  They need the increase very soon before they can’t recoup.  They need to do this so they can start buying the things they need to get the country kick-started and rebuilding…99% of us feel like for some reason this coronavirus is just a distraction…

Dinar Investor – Jeff   …this is a brokerage firm  [Al Karmal]… they’re affiliated with the ISX stock trading.  They received a correspondent from the main government of Iraq…Quote “The trading session will be held on 12th April 2020 as the ISX announcement today“…the bottom sentence says the trading session will be held on April 12th…There’s another securities company that said the same thing.  It’s an official announcement from another securities company – Rabee Securities…Quote “…the next trading session will resume on April 12th“…this is two official email releases.  Two stock traders…one brokerage.  One securities…that’s huge.  Remember the U.S. did not stop trading stocks within the U.S.  Not one other country has stopped electronic trading due to coronavirus yet Iraq has…Iraq’s economy to reopen exactly on the same time frame that Donald Trump has.  Trump has Iraq’s economy timed with our economy…I have now confirmed to you with solid factual proof that all of the [Iraq’s] financial markets are going to be closed for a period of 4 weeks…the longest I’ve ever seen their ISX shut down in 11 years is no more than a week...this is huge confirming news...

Adam Montana – Dinar Guru   Article:  “Corona may revitalize the Iraqi economy .. Baghdad is on the cusp of exemptions from foreign debt payments”  Another financial article…regarding Iraq’s debt obligations – a few comments were made about how this could be a doorway to a GCR. While I don’t subscribe to a universal “reset” happening, there are some valid portions of the theory… and the current global financial situation is edging closer and closer to something big happening, which could easily incorporate a major increase in the Dinar.  All they would be doing is piggybacking on larger events, and this is a real possibility. When the world is at it’s craziest, and all focus is elsewhere…suddenly!

Dinar Investor – Jeff  …without a shadow of a doubt the [Iraqi] stock market is closed...In the top right corner of the website it said “latest update 3-16″…the last stock trade occurred on 3-16 and it has been shut down since 3-17… Pimpy was 100% incorrect.  The stock market is not open. It is shut down and it’s going to remain shut down until Saturday April Saturday April 11th.  Reopening on the 12th…

Mountain Goat – Dinar Guru    Article:  “MUQTADA AL-SADR: TO SHIITE BLOCS – DO NOT INTERFERE IN THE AL-ZORFI CASE .. THIS IS AN IRAQI AFFAIR”  This is one of those WOW! articles. Here Sadr is saying to the Shiite blocs to back off and allow Iraq to freely elect a new prime minister and to support him. He alludes to Iran as an “occupier”. This is the first time recently I heard him say this. This is all very good for Iraq and getting this new government done. Let’s hope the Shiites listen to him.

Dinar Investor – Jeff    …Donald Trump told us that the US government has approximately $35 Billion US dollars worth of Iraq dinar in the US reserves.  Plus we the investors all hold dinar.  Once we go to exchange it through banks and brokers who will eventually turn it to the US Treasury.  And all the dinar we have will make it back to the US reserves…what does that mean?  As the dinar begins to strengthen and gain value its gonna strengthen the value of the US dollar…right now the US is in one of its worst economic positions it’s ever been.  All of our financial markets are crashing…the dow this week reached 19,000 points…you would think with how collapsed the US economy is right now that the value of the US dollar would also be down…As of last night the value of the US dollar went above 102 cents…It’s at its highest point in three years…this should confirm a lot for you where we’re at right now.

Dinar Investor – Jeff   …the last time that the U.S. government gave financial assistance to the U.S. citizens was back when Kuwait reinstated their currency…we could have approximately two checks coming from our own federal government…maybe April 6th and the second one coming around May 18th which would be financial aid for us.  That could be after the Iraq RI rate change.