Dinar Observer Daily

Pimpy – Dinar Guru   Another one I heard is they cannot become a member of The World Trade Organization unless they change their rate.  That’s false…The World Trade Organization cannot tell another country what type of exchange rate to have.  Every country is under their own sovereignty…Their central banks decide the exchange rate where it’s going to be free flowing or fixed.  If it’s fixed they determine the rate but if it’s free flowing the market determines the rate of their currency.  So no Iraq does not have to change their exchange rate because the World Trade Organization thinks it’s too low.  That’s false.  Vietnam is a member of the World Trade Organization and their currency is way cheaper than the Iraqi dinar…

Samson – Dinar Guru  Article:  “The Central Bank of Iraq’s foreign exchange reserves increased by nearly $100 billion.”  Quote: “The bank’s foreign currency reserves rose to approximately $98 billion at the end of March 2025.“

Militia Man – Dinar Guru Maintaining foreign cash reserves the country has done a phenomenal job.  They have 160 tons of gold...It covers 140% of their imports and local currency in circulation.  

Militia Man – Dinar Guru Maintaining foreign cash reserves the country has done a phenomenal job.  They have 160 tons of gold...It covers 140% of their imports and local currency in circulation.  

Clare -Dinar Guru   Article:   “PM Advisor: Iraq’s natural resources are worth more than $16 trillion”   Quote:  “Prime Minister’s financial advisor, Mazhar Mohammed Salih, confirmed on Wednesday that Iraq is moving towards diversifying its gross domestic product (GDP) sources by expanding investment in the mining sector, He noted that the value of Iraq’s natural resources exceeds $16 trillion.“

Sandy Ingram – Dinar Guru   Iraq has been under increasing pressure to adopt…anti-money laundering and anti-terrorism financing rules.  The United States insists unless Iraq fully complies with these standards, dollar transactions will remain restricted.  The restriction on dollars is causing the IQD to fluctuate…More US dollars have ended up in the hands of Iranians.  The Trump administration is bent on eliminating Iranian influence in Iraq by any means necessary.  The Iraqi Prime Minister asked that the banking upgrades be made as quickly as possible…The parallel market rate is the cost of living rate for the Iraq people.

Pimpy – Dinar Guru Iraq still needs to continue to grow and getting away from relying on oil so much.  We saw some growth in that area.  We saw the percentage move from 96% reliant on oil sales in order to fund their government, I just saw it the other day, 92%.  That’s a huge drop in reliance on oil but they still got to continue because any major shit in the oil prices could really screw Iraq big time.

Samson – Dinar Guru  Article: “Economist: The dollar’s decline improves citizens’ living standards and monetary policy.” Quote: “Economic expert Salah Nouri confirmed that the continued decline in the dollar exchange rate carries with it multiple positives that are directly reflected in the lives of Iraqi citizens…The decline in the dollar exchange rate leads to a significant decline in import costs, which positively impacts commodity prices in local markets... Citizens will be able to purchase larger quantities of goods, especially basic food items and medicines, which will help alleviate their living pressures… The  economic expert emphasized that this decline reflects a clear improvement in the monetary policy pursued by the Central Bank of Iraq, noting that it contributes to reducing dollar acquisitions and speculation, thereby enhancing overall economic stability in the country.“

Militia Man – Dinar Guru  It’s been many month, a long time, that we’ve heard any talk about the World Trade Organization but they’re doing it again.  I don’t think that’s a coincidence.  It’s obvious Iraq is pushing to go and integrate into the international financial system...All of this is coming together quite beautifully.  Article Quote “Iraq has made significant progress towards joining the World Trade Organization.” …Integration is inevitable as far as I can tell.

Clare – Dinar Guru   Article:  “Iraq is moving closer to WTO membership after completing comprehensive technical responses.”   Quote: “Trade Minister Atheer Al Ghurairy revealed that Iraq has made significant progress on its path to joining the World Trade Organization, affirming Baghdad’s serious commitment and transparency in meeting the requirements of this important international process.”

Pimpy – Dinar Guru  Just because you have a 25,000 note and all of a sudden they change the exchange rate to go with the new notes that doesn’t mean you get to bring in your old 25,000 dinar and go, ‘Aha, I want the new exchange rate…’  They’re going to go, ‘No. We’re going to take your zeros off and then multiply whatever the new rate it.’  That’s what they’re going to do. Don’t get excited about having the old notes if they do introduce new notes.  What we want to see happen is them to increase the exchange rate and not touch the notes, leave them the way they are with the zeros on there.  That’s what you want if you any hope whatsoever of making a lot of money.

Clare – Dinar Guru  Article “Experts: Liberation from the rentier economy occurs through modern banking.” Quote “Banking, academic, and legal experts predict that Iraq is on the path to a radical banking transformation that will transform the national economy from its dependence on oil to a diversified and sustainable capital market.”  

Sandy Ingram – Dinar Guru  We have reason to believe we will see a rate change in the IQD much much sooner than a rate increase with the VND…

Samson – Dinar Guru   Article:  “TRADE : IRAQ HAS MADE SIGNIFICANT PROGRESS TOWARD JOINING THE WORLD TRADE ORGANIZATION“

Pimpy – Dinar Guru  Article: “Government consultant: Iraq third Arab with bank cards”   Iraq definitely has continued to follow the path they need to get the currency back on track.  For some of us the more important thing is getting the economy going and making that strong…

Clare – Dinar Guru  Article: “Mazhar Saleh: Iraq ranks third in the Arab world in the number of bank cards.”  Quote:  “Iraq will enter the era of fully electronic tax collection by the middle of this year. This will strengthen the confidence of global financial institutions and investment banks that Iraq is moving towards a more transparent and professional economy, using advanced methods that ensure economic prosperity.“

Mountan Goat – Dinar Guru  …we see more of the fruits of Iraq’s labor in combating AML[Anti-Money Laundering] in the article titled “NEW PARTNERSHIP TO CONNECT THE MIDDLE EAST AND EUROPE VIA IRAQ”  Quote: “By working together, we will enhance regional and international connectivity, offering higher capacity, security, and efficiency for businesses, operators and hyperscalers across continents.”   I have to say if they are not about to go international after reading this article, I am a monkey’s uncle…lol…

Militia Man – Dinar Guru  The data supports big things are about to take place…The last 3 to 4 days have been really powerful information.  It shows Iraq is integrating into the international financial system, into the global community.  They’re talking about it, the UN is talking about it specifically…We know we’ve had the support from the United States Treasury, the World Bank, IMF, UN, major financial institutions, other central banks in the region, a successful Arab League conference…powerful information…

Pimpy – Dinar Guru  They’re going to redenominate and take the zeros off because the zeros remind everybody of a devalued currency.  Taking the zeros off will make the currency look like normal currencies and give people the confidence they need to invest in the currency.

Mountain Goat – Dinar Guru   We know about what the TRUE rate of the dinar should currently be based on its assets. The IMF is going to a strict asset-based evaluation of currency values. This is a Basel requirement. So, what has been preventing this revaluation to the TRUE rate of the dinar?  …it was mostly the AML [Anti-Money Laundering] issue…i.e. banking reforms… efforts were put on warp speed to complete the AML reforms as acceleration began in early January 2023…   [Post 1 of 2….stay tuned]

Mountain Goat – Dinar Guru  …we now get a sense of a real change…a sound transition away from those sanctioned days of Iraq since 1990’s. It is a new Iraq and it is here now…So, it puzzles me as to why the currency also does not NOW reflect this change. But I assure you it will, and it won’t be long until it does…The AML efforts is sprouting great benefits to Iraq and allowing them to move ahead quickly now.  [Post 2 of 2]

Militia Man – Dinar Guru  Iraq’s not going to tell you exactly what they’re going to do.  They just can’t do that.  So you have to glean what is in print…

Pimpy – Dinar Guru  Once they make that announcement and the three zeros are deleted it becomes worldwide.  So as soon as you take your money into the bank they’re going to go, ‘Hey you realize this has been redenominated and they deleted the zeros.’   And you go, ‘Yep, I understand that.‘  So…regardless if it’s here in the United States or if it’s in Iraq…your 5,000,000 [Iraqi dinar] become 5,000…When they remove those zeros I don’t care where the hell you deposit it, they’re going to treat it as if the zeros are deleted…

Kaperoni – Dinar Guru   Community Comment:   “I may be wrong, but it seems Iraq has a ways to go before they hit the Forex.” Kaperoni: Hard to predict, but they are making significant progress and changes.

Sandy Ingram – Dinar Guru  There’s a major shakeup in the Central Bank of Iraq’s board of directors.  In a significant move to reform Iraq’s financial sector Prime Minister Sudani has initiated a restructuring of the Central Bank of Iraq’s board of directors.  This decision emerged from a recent meeting of the high committee responsible for evaluating and overhauling the leadership of state-owned banks and the CBI…Some board members may have hindered progress and the PM asked the banks to expedite the implementation of the global standards required and requested by the US government. 

Walkingstick – Dinar Guru  Two years the United Nations came out and said everything they’re saying today.  They were premature…The CFT (Combatting Financing Terrorism) was what brought us back to security and stability and to remove all those thieves from Iranian politicians that were using auctions through parliament.

Militia Man -Dinar Guru  The UN stating…Iraq’s going to be a banking powerhouse in the coming days…The UN statement is a pretty big deal. Article quote:  “The UN supports Iraq’s approach with this transformation that is expected in the coming days.‘

Pimpy – Dinar Guru   Article:  “UN: Iraq will become an internal and external banking force”   That’s what we’re hoping for, that’s why our fingers are crossed… Quote:  “Iraq is coming to a regional and international benefit to restore its status.”  That’s one of the big steps Iraq needs to do for the dinar to be trading onto the Forex.

Militia Man – Dinar Guru  What we’re hoping is Iraq changes the value of the currency and has no sanctions on it…Iraq is far more further along in her reforms than many probably realize.  The data supports that…

Walkingstick – Dinar Guru  [Response to Guru Clare 5-31-2025 Article below] This is a big announcement.  The United Nations fronted Iraq.  They beat the CBI to the punch because this is a very big strong statement to release.  It’s a new world now that Trump is back in office.