Dinar Observer Daily

Pimpy – Dinar Guru  Within the past year we have seen more and more exciting news. It isn’t just talk and hype…This time we actually see articles that are showing the progress that Iraq is making in order to start working and trading with the international markets.  They’re doing all they can to strengthen their currency while at the same time show stability… Things are going good.  They’re actually going a lot quicker than I anticipated.

Militia Man – Dinar Guru  Article quote:  “Accession [Into WTO] is imminent“…What are they waiting for? …Iraq’s going to have to make a decision on their real effective exchange rate.  That’s my view…You can’t have Iraq having imminent accession to the international markets through the World Trade Organization without having a Real Effective Exchange Rate.  Most of us believe 1310 is not a real effective exchange rate.

Pimpy – Dinar Guru  There’s a lot of hoopla going on about Iraq joining the World Trade Organization and rightfully so.  This is one of the big steps that Iraq needs to take in order to rejoin the international community…  Article  “Official: The issue of Iraq’s accession to the World Trade Organization is coming soon“

Mountain Goat – Dinar Guru   Article:  “OFFICIAL: THE ISSUE OF IRAQ’S ACCESSION TO THE WORLD TRADE ORGANIZATION IS COMING SOON”  Quotes:  “the issue of Iraq’s accession to the World Trade Organization was imminent,”; “Iraq is seeking to enter the World Trade Organization, and the issue is coming soon.”

Pimpy – Dinar Guru   We all know this, the Iraqi dinar is not a scam itself.  The Iraqi dinar is legitimate but there are people out there that use Iraqi dinar to pull off scams.

Clare – Dinar Guru  Article 1: “Al-Muslimawy: There is a policy to reduce the dollar exchange rate and control it in Iraqi markets”  Article 2: “A government advisor to Al-Ghad Press: Dollar prices in the markets will gradually decline“

Sandy Ingram – Dinar Guru   In 2023 Vietnam recorded approximately $28.5 billion US in tourism revenue…Iraq has the ability to generate this same amount or more each year due to the historic landmarks and religious hot-spots in the country.  All Iraq has to do is implement safety for tourists.  Egypt generated $10.7 billion in tourism in 2022 and $13.1 billion in 2023…Iraq is the birthplace of the top three religions in the world today – Judaism, Christianity and the Muslim faith.  There are important landmarks within Iraq for all three of these religions, including the ancient city of Babylon.

Pimpy – Dinar Guru  Question:  “Why would [Iraq] let anyone benefit from this?”  Why wouldn’t they?  It’s the Iraqi people that really need to benefit from this...It’s not their fault their leaders are all wack-a-doodles… There’s enough resources in Iraq where they should be living pretty dang good over there.  Increasing the exchange rate and giving them more purchasing power would definitely change their quality of life…Once Iraq can get their crap together and it looks like they’re there – No more sanctions, get into the World Trade Organization, get back on the Swift system…Forex, finish the Port of Faw, finish with the Development Road Project, all those things are going to bring a lot of money into Iraq and their currency is only going to get stronger. 

Clare – Dinar Guru  Article: “Dinar and dollar”   Quote:  ”Iraqi dinar will return to its lofty economic value”

Pimpy – Dinar Guru  I’m sure you’ve heard the great news by now, the IQD is on the “private side” of the Forex…This sounds like some great news don’t you think? …I’m grateful to do all the research for you so you don’t have to…There is no “private side” of Forex.  None.  The Forex is open to all participants who have access to the necessary trading platforms and infrastructure…There is no “private side” of the Forex…

Militia Man – Dinar Guru  They’re going to have a very strong country...Iraq’s foreign reserves are huge, historic in history, all-time high and they increased their gold supply another 10 tons.  You can see the direction they’re going and why they’re getting praises…

Pimpy – Dinar Guru  Article:  “The Iraqi Central Bank confirms to Shafaq News the provision of five foreign currencies as an alternative to the dollar for merchants”  The crazy thing is this is a new article but all they’re doing is talking about the same countries we spoke about several times.  You have the Euro, Chinese yuan, Turkish lira, Emirate Durham and Indian rupee and the currencies they’re talking about…

Sandy Ingram – Dinar Guru  The Prime Minister of Iraq is pushing the Iraqi CBI governor hard on the electronic payment system.

Dinar Investor – Jeff  Iraq has already revealed to you they’ll be revaluing their currency specifically within the month of March.  It’s not even a secret.

Militia Man – Dinar Guru  The Central Bank of Iraq just told Iraq that you guys can use dinar to buy multi-currencies.  To do what?  Clearing and settlement in the system with accurate and facial data.  Those two things right here are solidifying that there’s something happening…

Pimpy – Dinar Guru  Article: “Central Bank announces the increase in the volume of foreign reserves from 140 to 148 trillion dinars”  That’s perfect because…the more reserves you have the easier it is to protect your exchange rate.

Mountain Goat – Dinar Guru  Article quote:  “Does deleting the currency’s zeros affect its value?…”   I called my CBI contact…and I was told to expect the Project to delete the Zeros to occur very soon. WOW! WOW! WOW!  Then…out pops this article, then another and…yet another all dealing with the Project to Delete the Zeros- coincidental? WOW! WOW! WOW! I don’t think so…It is now on the radar scope for the CBI for the very near future?  [Post 1 of 2]

Mountain Goat – Dinar Guru   remember…the difference between RATE and VALUE…the value is in the dinar already but not reflected yet in the rate. There is no need to increase the value if the TRUE value is being suppressed by the 3 zero rate…Economic expert, Durgham Muhammad, said to the citizens and I quote – “that deleting the currency’s zeros does not conflict with its value”…Okay, so…we all know the rate is being artificially suppressed …Once the 3 zeros are dropped, (not lopped) the only thing that will change by the Project to Delete the Zeros, is the realization of the TRUE value through its currency. [post 2 of 2]

Pimpy – Dinar Guru  When we’re talking about the deletion of the zeros, it comes off the bank note only.  It isn’t going to change the exchange rate.  The exchange rate is going to be equal in value…You got people out there saying that deleting the zeros does not mean the currency, it only means the exchange rate.  That’s not accurate… The 25,000 dinar has the same value as a 25 dinar…25,000 dinar times .00076 gives you $19.  So when we delete the zeros…25 x .76 is the same exchange rate [$19]…Delete the zeros…is not increasing the exchange rate against other currencies.

Pimpy – Dinar Guru   On the Central Bank of Iraq website it tells you how many dinar they put into circulation.  But what is not reflected is what has been removed out of circulation, whether the government took it out of circulation or whether they were damaged, fire, destroyed, lost forever, who knows.  That’s not reflected in there.  It’s not really 101 trillion Iraqi dinars in circulation.  That’s what they put out in circulation but not what’s actually in circulation.

Militia Man – Dinar Guru  Merchants will now be able to use the dinar to pay for foreign currency to buy international products…I would imagine there will be changes to Iraq’s currency that will be reflective of the real value of the IQD…They haven’t been using Iraq dinar at 1310 to purchase other foreign currencies.  They’ve never done that before at 1310.  Now they’re saying they can do that…1310 exchange rate has never been an international exchange rate…That’s coming from the Central Bank of Iraq so obviously something is happening  because they’ve never done it before.  I think it’s really good.

Sandy Ingram – Dinar Guru   10 weakest currencies in the world:  The value of a currency depends on supply and demand while some are pegged, meaning the currency is valued at an agreed rate.  The foreign exchange rate is an indicator of a country’s economic wealth.  #10 The Iraqi dinar – inflation and political instability are the given reasons.  #9 Ugandan shilling (USH)… #8 Paraguayan Guarani (PYG)…land locked in South America #7 Guinean Franc (GNF)… #6 Uzbekistani Som (UZS) 1 USD = 12,501 UZS  #5 Indonesian Rupiah (IDR)  #4 Laotian Kip (LAK)…only land locked country in Southeast Asia.  #3 Sierra Leonean Leone (SLL). #2 Vietnam Dong (VND) #1 Iranian Rial (IRR)

Pimpy – Dinar Guru  Article:  “The central bank announces the increase in the size of its reserves to more than $100 billion…”  That’s adding a lot of money to the amount they already had…  This is awesome for Iraq because having those foreign currency receivers does a great job in stabilizing your currency, supporting it and making it stronger…

Samson – Dinar Guru  Article:  “The central bank announces the increase in the size of its reserves to more than $100 billion.”

Militia Man – Dinar Guru  There’s a quietness from the WTO when it comes to Iraq…Why did they do that?  We can speculate on that.  The truth be told is Iraq…would have more impact on the economic situation in the global financial system…It’s a big thing, a very big thing that the WTO lifted up two of the smallest lower developed countries in the world but they didn’t talk about one that was going to fix the financial system in the world.  They didn’t talk about Iraq…Why?  The shocks that the World Bank talked about.  You can’t go and shock the whole world…and not have everybody ready because that’s going to cause chaos…

Pimpy – Dinar Guru   Yeah, I know, we’re all doing the pee-pee dance.  But don’t get overly excited because Iraq has a way of letting people down sometimes.  Let’s stay grounded.  There are other issues out there that we still got to tackle.  But for the most part a big chunk of what we were hoping would happen is starting to happen now…Everything is looking really good. The next thing we got to wait for is the member states to vote Iraq back into the World Trade Organization and see what it’s going to take to get them on Forex…

Clare – Dinar Guru  Article: “Iraq is looking forward to joining the World Trade Organization”  Quote “riday, the Ministry of Commerce confirmed the government’s aspiration to join the World Trade Organization, especially after the Saudi representative in the organization, Saqr Al-Muqbel, was named to manage Iraq’s accession file, noting that his recent visit to Baghdad contributed to addressing a number of important files”  

Militia Man – Dinar Guru  They’re holding this 2023, 24, 25 budget close to the chest.  Why?  Because they need to wait for that special moment in time…  

Samson – Dinar Guru  Article: “Iraq is looking forward to joining the World Trade Organization”  

Kaperoni – Dinar Guru   If Iraq is ever going to raise the value of the dinar they need to do it gradually over time so they can reduce the money supply. As well, a gradual increase reflects the economic growth of the economy.