Dinar Observer Daily

Harlequin3 – Dinar Guru …On Jan 1, the auctions stopped and became foreign reinforcements…The CBI is NOT selling money to the banks anymore – the banks MUST go get their money from OTHER banks outside the country (currency swaps, which is the essence of ForEx.)…All the CBI is doing is watching this now, making sure it’s legit…Eventually, the dinar will float in this basket, and ForEx will look like a heartbeat. But all that goes to say the auctions HAVE stopped. What you are seeing is “foreign currency reinforcements” not an auction — the CBI has NOTHING to do with this money, it’s between the two correspondent banks, and CBI is only auditing the transaction…Without the auctions — there is NOTHING manipulating and propping up the 1320 rate – so…what are they going to do? Raise the value…

Militia Man – Dinar Guru  To be a global economic powers [Iraq’s] exchange rate will need to be far different than 1310.  It’s just the way it’s going to be.  They haven’t done anything yet.  They’re hiding things when it comes to that.

Jeff – Dinar Guru   The currency auctions prior to the beginning of November were averaging around $250 million daily…Since November… they’ve remained elevated about $280 to $300 million daily…They’re emptying their coffers of the US dollar prepping to revalue.

Samson – Dinar Guru  Article: “Between the American hammer and the Iranian anvil: Iraq reshapes its future“  Quote:  “With conflicting reports about Iraqi Prime Minister Mohammed Shia al-Sudani’s visit to Iran…”

Clare – Dinar Guru   Article:   “Al-Sudani receives a “special” message from Trump: Syria, Iran and the factions”  Quote:   “The source told Shafaq News Agency that Al-Sudani received a message from Donald Trump through a special envoy on an unannounced visit, which included several axes.  The source pointed out that the most prominent axes are the necessity of containing and controlling weapons outside the framework of the state, stopping the activity of factions linked to Iran…Meanwhile, a government source…Iraq is working diligently to establish security in the region, and that the Prime Minister will present Iraq’s vision in this regard during a visit to Iran.“

Militia Man – Dinar Guru   Article:   “Monetary stabilization mechanism will maintain financial stability in the country”  What is that going to be?  It’s the reinforcement mechanism, it’s the new one.  It’s not the old dollar auction.  They’re still going to use the dollar and many different foreign currencies.  Realize, when Iraq turns their currency on to go international, Iraq is going to be a foreign currency that will be traded on international markets.  So when they talk about “foreign currencies” think about Iraq being one of them.  So when they talk about a “basket of currencies”, Iraq is going to be one of them within it.

Jeff – Dinar Guru  A fair amount of people think the auctions have ended.  This article right here will crush and destroy that theory.  Article: “The central bank sells more than a billion dollars in just 4 days”  This article is very clear.  The only changes that have occurred regarding the auctions is they’re no longer having or holding cash withdrawal inside the country of Iraq.  They’re still auctioning off currency abroad to overseas banks and they may have transitioned to a new financial system.  Regardless, the important step in this is that the banking reforms are now getting implemented.  That’s a critical step to this.

Mountain Goat – Dinar Guru   Article:  “WITH THE BEGINNING OF THE NEW YEAR, THE US DOLLAR ENTERS A NEW PHASE IN IRAQ”
WOW!  This…says it all. Yes, Iraq has now moved to “normal” ways of doing business with the outside world…Iraq had stayed on the currency auctions with the CBI supplying the dollars way too long (20 years)…This was never Dr. Shabibi’s plan but they were forced to do to the newer Obama plan of paying off the war reparations first than moving ahead with the currency reforms, which we have now witnessed aggressive movements in this direction since the beginning of 2023.

Samson – Dinar Guru  Article  “Oil Price Global Oil Website: Trump Will Impose Sanctions on Iraq”

Militia Man – Dinar Guru  They say today the exchange rate is 1320 dinar for every dollar.  That is the true exchange rate however that will change to an international acceptable exchange rate when the Central Bank applies the new exchange rate to be on international Forex markets. They’re preparing for that to happen before our eyes with the [new] reinforcement mechanism…They have switched from the old dollar auction system…

Clare – Dinar Guru  Article:  “Iraq surpasses Saudi Arabia in oil exports to America”  Quote:   “The US Energy Information Administration announced on Saturday that Iraq surpassed Saudi Arabia in oil exports to the United States during the past week.“

Samson – Dinar Guru  Article:  “Central Bank: Work on the electronic platform has stopped“

Jeff – Dinar Guru  One of the things the central bank is stating they’re going to do is…end that old electronic transfer system that exclusively works with the dollar and transition to a different type of banking system where the local Iraqi banks can start…doing their own sending of foreign currencies and no longer just the dollar, multiple different foreign currencies abroad.  It’s called Direct Banking…But to do that the US sanctions need to be lifted off of Iraq.  That’s why this whole time they’ve only been able to exclusively work with the US dollar.

Militia Man – Dinar Guru  There’s a difference between the dollar auctions and the reinforcement mechanism that they use today.  Militia Man and crew have been quite clear that there’s going to be a change – The dollar auctions are going to stop and there’s something different.  [We] have been spot on about the fact that the dollar auctions are going to go away and they have…

Militia Man – Dinar Guru  Article quote:  “After getting rid of heavy burden of its debt, Iraq has transformed from a country indebted to other to a country that can be a creditor to others.”  Iraq is not going to be be in debt to others but they’ll be one that can credit to others.  Iraq’s going to have a lot of money.  Non-oil…oil…tourism revenues…are all in play.

Mountain Goat – Dinar Guru  Do you realize how long we have been waiting for this news to get off the sole dollar in payments for imports and be done away with these corrupt currency auctions? Yes, Iraq is now officially out of the sanctioned mode of paying for imports...Can the news get any better (other than getting the RV of course…), WOW! WOW! WOW!. Yes, it’s DONE! …I see this process moving ahead now very nicely. 

Militia Man – Dinar Guru  Article quote: “Tomorrow the opening of the electronic passport system in American cities of Los Angeles and Detroit...”  What’s that mean?  We have some big populations of Iraqis in those communities …On the 16th they’re going to allow you to get a passport electronically.  There’s going to be a lot of Iraqis that have Iraqi dinar just like we do.  When that purchasing power comes…they’re going to have purchasing power.  That’s why Sudani and other have been hoping they could repatriate those people…to help that money they have come back home and invest…The electronic passport system…in coordination with the Ministry of Foreign Affairs is a big deal…Is there any coincidences?  I don’t think so.  There are no coincidences.

Clare – Dinar Guru  Article:   “Interior Ministry: Tomorrow, the opening of the electronic passport systems in the American cities of Los Angeles and Detroit”  Quote: “The Directorate of Civil Status, Passports and Residence would like to inform citizens regarding the campaign to open the electronic passport system outside the country to be available to Iraqis residing abroad.“

Samson – Dinar Guru  Article: “Interior Ministry: Tomorrow, the opening of the electronic passport systems in the American cities of Los Angeles and Detroit“

Mountain Goat – Dinar Guru   My CBI contact has told me that if the switch over of the currency, better known as the Project to Delete the Zeros, was not connected with a revaluation, then Iraq would have completed it a very long time ago.  They would not have to wait.  It does not take a rocket scientists to see that a one dinar note etc., etc. would be worthless without a revaluation to coincide…we can now see why they delay in doing the Project to Delete the Zeros…  when will this next move occur…So, we are coming very close to the switch over from the currency auctions to the international process of currency exchanges to operate in Iraq.  [Post 1 of 2….stay tuned]

Mountain Goat – Dinar Guru  Why did the CBI decide to wait until the end of their fiscal year to do it?  Hint..Hint..could it be under the direction of Dr Shabibi they also told us the most opportune time to conduct a substantial revaluation is at the beginning of a fiscal year? Their fiscal year begins January 1st… Also I then back up with my conversation I had…with my CBI contact that told me her committee to switch out the notes still intends to go forward with the process of deleting the zeros at this same time period also.  Coincidental?  …We can only pray that this new process to begin at the end of 2024 will bring success for Iraq…  [Post 2 of 2]

Clare – Dinar Guru  Article:  “Iraq on the map of change .. Expert: Expected international decisions will be taken before Trump’s arrival”  Quote:   “The unannounced visit of the US Secretary of State is to complete the upcoming changes in Iraq.  There is international and UN movement towards Iraq, and for this reason the new phase will witness major changes on the internal level, as Iraq is part of the change in the map of the new Middle East.”

Samson – Dinar Guru  Article:  “US, KUWAIT DEMAND IRAQ TO ‘RESPECT’ INTERNATIONAL AGREEMENTS“

Sandy Ingram – Dinar Guru  Iran is trying to get their hands on Iraq’s $100 million US dollars in the federal reserve bank in New York City…This is why many Iraqis say this is [Sudani as PM’s] last go round.  This has been going on for several months…Do not get comfortable with the progress Iraq is making.  There may be a few steps backward and then a lot of steps forward.  The tear in the country is showing.  Parliament went on winter break without resolving some very very serious issues…

Clare – Dinar Guru   Article:  “Blinken: I was amazed when I arrived in Baghdad by the construction in Iraq and the vitality of the capital”  Quote:  “US Secretary of State Anthony Blinken expressed his astonishment today, Saturday, after his recent visit to Baghdad, at the construction in Iraq and the vitality in the capital, while indicating that the Iraqi people deserve this development.“

Samson – Dinar Guru  Article: “Blinken: I was amazed when I arrived in Baghdad by the construction in Iraq and the vitality of the capital“

Clare – Dinar Guru  Article: “Why will Iraq become one of Trump’s ‘priorities’ in the coming period? – Urgent” Quote “Trump is planning major changes in the Middle East region, and therefore the region is entering a new phase, and Iraq will be at the forefront of these changes in terms of the security and economic reality.”

Samson – Dinar Guru  Article: “UN Mission: Iraq has proven to the world that it is capable of overcoming challenges and building the future” 

Pimpy – Dinar Guru  No it’s not going to jump to floating right away.  That’s not going to happen.  They can’t afford for the currency to crash.  They can’t afford for the economy to crash…It’s doesn’t mean they’re not going to get to a floating one sooner or later but not right away…