Dinar Observer Daily

Kaperoni – Dinar Guru Iraq is openly discussing raising the exchange rate. The only talk is bringing it back to what it was 12 months ago… 1170 to $1.

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MilitiaMan – Dinar Guru  …The education process is clearly in play still for all to see. Talking about the exchange rate process and it’s functions is obviously very timely at this stage. Iraq has many things to export. Oil being number one. There is an abundant amount of natural resources, etc… When they are sold in Dinars it will increase demand for the currency and support it’s value from that exportation process. The Central bank will be in a position to defend the currency to keep it appropriate for international trade. That will require and international exchange rate. Not a program rate they have at present…

Vital Brad – Dinar Guru  Iraq IMO needs to seat their government.  It’s really going to be a critical move on their part.

Mountain Goat – Dinar Guru    There is so much talk about revaluating the dinar and at the same time we are getting all these articles on the surplus oil revenues, the size of the CBI reserves, etc, etc. So how much longer can they hold off without the major revaluation and movement back to an international trading status.

Vital Brad – Dinar Guru  I was having a conversation with my fiancé last night.  We were talking about assets and a financial plan…she doesn’t have a lot of conviction or belief with the Iraqi dinar.  She calls herself a ‘realist’…she made the comment that if we took the Iraqi dinar that we have…and were to exchange them in for US dollars right now even at the current rate…what kind of funds that would free up which would really assist us in some of our goals that we’re working towards… [Post 1 of 2]

Vital Brad – Dinar Guru  It gets me asking questions – If I was to liquidate my Iraqi dinar right now and at least get something for it – I would just absolutely hate myself when it did RV. So I’m not selling…it’s only a matter of time before this all comes together and it turns out to be what happened with Kuwait.  [Post 2 of 2]

MilitiaMan – Dinar Guru   …why would they revert back to a program rate that is not nor was ever international? Why would they have destroyed massive amounts a large 000 notes. Many of us watched the video on it specifically. The accounts at the CBI showed they paid for new currency. The obvious take away is that they are doing what they said they were going to do and that is to return to the glory days or in recent terms to the predecessor. 1190 doesn’t support new small category notes. Nor does it show that Iraq will be IMF Article VIII complaint 100%… IMO

Holly – Dinar Guru   Yesterday was very quiet. No changes in the news I got on Saturday. We are in the window for the release this month… From Iraq news several articles from different political parties talking about changing the exchange rate…let’s  see what happens.

Vital Brad – Dinar Guru  Question: “I understand that those of us that are in the know about dinar will be given a 4b rate prior to the public.  Do you know why they set it up this way?”  I don’t know anything about getting any special prior rate.  When it comes to information in this industry you’ve gotta do your research.  There are different opinions about things…IMO, in my perspective, in my idea of how this is playing out – No non-disclosure agreements, redemption centers are banks, and I don’t think there’s going to be a prior rate to the public.  I think when this goes on the international market we’re going to be able to wake up and -snap- it’s going to be on there…

Kaperoni – Dinar Guru  Those who have purchased dinar in hopes of making a significant amount of money, well it’s not going to happen until Iraq builds an economy. Only with the success of Iraq’s economy can the dinar go up in value. The dinar is not a lottery ticket.

Sandy – Dinar Guru   Several of you asked…”How Iraq is planning to build new schools, increase oil production and build new factories when the Iraqi dinar is worth so little?”  The answer is oil revenue is paid in U.S. dollars.  The Iraqi government is taking US dollar and growing the country using Iraqi dinars...Iraq’s oil revenue each month is in the billions of U.S. dollars…

Butterfly – Dinar Guru   OK…here is what we have been looking for folks…OMG…this is good news for them and us...Article:  “Al-Fatlawi: The 2022 Budget Will Not Be Passed Until The Dollar Is Returned To Its Old Price”  Quotes:  “…The Draft Budget Law For The Year 2022 Will Not Be Passed Until After An Important Condition Is Met…The Iraqi Parliament, Will Work To Restore The Dollar Exchange Rate To Its Old Price, And Otherwise, It Will Not Allow The Passage Of The 2022 Budget Bill Until After This Condition Is Achieved…”   …If I’m right, which I hope I am, for all…the amount, if memory serves me, right around 2.85.  All the Iraqi’s were doing good with that amount even though they were under a dictatorship.

Nader – Dinar Guru  Today in the Iraqi TV news (it’s good news but I’m not sure what they’re doing) they said the rate is gonna change when they open the budget…But they keep saying to the “previous”.  The previous for us it’s 1150, 1140, 1160 I don’t remember exactly what it is but they’re saying that.  When they say previous it mean the previous like that one before, it’s correct?  Maybe I’m wrong…I hope they talk about 2003 or 2002 when it used to be $3.35 – $3.40…everybody is talking about it too in the cafe this morning…even if they put it out at 1150 and it floats it will go quick…two or three month would be a $1.50 – $2.00 something like that.

Vital Brad – Dinar Guru   Question “Why is this [the Iraqi dinar] not really well known?  Why isn’t this mainstream?”  This goes back to the Kuwaiti dinar when that revalued, no one knew about it except for top government officials, top military personnel, people in the know...it was like it never happened except these people became very rich…that happened under George Bush Sr.  The same thing was supposed to happen smoothly under George Bush Jr…I’m sure it wasn’t expected to go this long…the everyday person wasn’t supposed to know about this Iraqi dinar…

Breitling – Dinar Guru   Am I excited?  Do I think things are coming down the road?  Absolutely.  100%…Here’s the thing, we talk about the past.  We go back to the beginning of 2020 and they started talking about that they were going to reduce the value of their currency and just before 2021 came along, that’s exactly what they did…they were trying to lower the value of their currency to pay off debt…they paid off their debt with Kuwait.  They were ahead of schedule…you guys know they want to add value to their currency…

Mountain Goat – Dinar Guru    We are in a waiting mode. As many of you know the Federal Court announced on Wednesday 01/19 and adjourned the hearing for the election of the Presidency of Parliament until the 25th.  This was a postponement of the plea to challenge the constitutionality of the first parliament session. So, I do not think we are going to see any action by the CBI in the project to delete the zeros until this is settled. We know this process will lead to the reinstatement.

Vital Brad – Dinar Guru  It’s not a scam.  This Iraq country is gonna meet the standards.  The UN is gonna grant the IMF approval to reinstate their currency and Iraq’s gonna be a tradable currency on the market again and it’s going to be worth way more than it’s worth right now.  I don’t know what that number is, but it’s not a scam…

Petra – Dinar Guru  The people [citizens] know what’s happening and they’re begging for it…there’s a huge movement to get that rate changed because that launches everything…The rate is going to come out before the budget…

Holly – Dinar Guru  …This RV has to happen or the world will go to ****.   We are in a pressure cooker and we are reaching maximum pressure…I got a lot of news which I don’t want to put out there as they still want us quiet. Based on what I am hearing there should be a lot of things happening in the next few days to a week…From the news this is the culmination of the plan finally coming to an end…

Mountain Goat – Dinar Guru   Article:  “THE CENTRAL BANK OF IRAQ: AN UNPRECEDENTED RISE IN FOREIGN RESERVES”
Of course we already knew that the CBI has an unprecedented amount of foreign reserves. How do we know? They told us over a month ago…So are they telling us again? Is this to reinforce the coming revaluation and reinstatement of the dinar?...

Kaperoni – Dinar Guru  …There are a lot of Articles…about changing the exchange rate. Yes, they are talking about it.  They want to bring it back to what it was just a year ago around 1170.  There is no RV.

Vital Brad – Dinar Guru   Question: “Do you only buy new dinar Iraqi notes or will old notes 2008 or older work too?”  Good question.  The 2008 notes are good…If you got the notes with Saddam Hussein’s face on the those are not the notes that we’re talking about…there’s different ways to make sure that it’s legit.  You need the 2003 series or greater.  If you have the 1990 to 2002 series that’s the wrong type of dinar…

Kaperoni – Dinar Guru  I’ve been saying the same thing for years and guess what? I am right!  Until Iraq has a parliament and passes the significant economic laws needed for foreign investment, forms a new government oh, and build an economy away from oil there will be no change in the exchange rate.

MilitiaMan – Dinar Guru  Article – the headline is ‘Releasing Money’. They have quite a bit of outstanding frozen assets that are out there.  It’s been a long time coming.  We have been told over the years that there’s a significant amount of money…Interpol talked about upwards of about $180 billion and there’s been other comments in respect to upwards of $500-$600 billion in assets around the world…that’s astronomical if they call that money back and put that towards their bottom dollar it could definitely support their Real Effective Exchange Rate…the timing of this all coming out at this stage is phenomenal.

Nader – Dinar Guru   I got good news for you this morning.  The president of the CBI sent a letter to the government talking about the rate to be changed, but there’s no decision made yet.  When we say rate change you know rate is not going to be 1 to 1 first day…it’s going to float for a long time…it’s going to be tough to be 1 to 1…Iraq paid a lot of things I know but we still owe money to 12 countries …the UN took us from Chapter 7 yes.  We are out from the black list on the European Union…they are working hard.  They are doing a lot of things.

Petra – Dinar Guru  We’re seeing a lot of major things happening within Iraq…it surprised us that an article that came out…they said they are [having] discussions… [about] funds that could be repatriating back to Iraq that were either stolen from Iraq or have been on hold in accounts on behalf of Iraq until they go out of Chapter VII.  If those funds are coming back, oh my goodness it could really impact…the free cash flow that would be available to help them build their infrastructure and build the country and bring in the secondary markets…that’s a lot of money and there’s a reason why they held that out this long…

Vital Brad – Dinar Guru   The question is is this a scam?  This is a foreign currency...  When is it going to revalue?  We’re hoping soon…  What’s it going to take to revalue?  Iraq need to meet standards by the IMF.  They were the ones that decommissioned their currency.  Iraq needs to meet certain standards and certain qualifications in order to be reinstated…it could happen at any time.  They’ve met those standards, they are just finalizing their government.  I’ve heard having the government to the point that it is right now would be enough for them to pull the trigger.

Kaperoni – Dinar Guru   Article:  “Economist: The Government has no justification to continue to raising the dollar exchange rate”  Quote:   “…oil prices and financial abundance make it imperative for the next government to take measures to reduce the exchange rate…Iraq has all the financial capabilities and qualifications that necessitate a reduction in the exchange rate especially after the compensation of Kuwait’s completion and the rise in oil prices…”  an article about reducing the exchange rate…They’re talking about bringing it back to what it was a year ago that’s 1170 to $1. There is no RV.

Nader – Dinar Guru  If anything happened it’s not gonna be 1 to 1…it’s gonna be between 800 and 1000 and then it’s gonna float.  Then it’s gonna take some time, maybe 6 months to get up to $1.50??