Dinar Observer Daily

Pimpy – Dinar Guru  Article: “Sudani: Investment environment in Iraq is promising and open”  Remember they have to be able to draw in foreign investors.  As long as the country appears to be stable, the economy looks to be stable, the exchange rate looks to be stable, the currency looks to be stable, it’s all promising…this is all great news.  This is one hell of a day for Iraq…

Clare – Dinar Guru   Article:  “Iraq is looking forward to joining the World Trade Organization“   Quote:  “Iraq has today become a major economic player on the world level and needs to harmonize Iraqi laws with international laws.“

Pimpy – Dinar Guru  Today easily has got to be one of the best days of news for Iraq I’ve seen in a long time.  They have been busting their asses to get their country in line to get back out and do business on the international market…One great article after another…

Harlequinc3 – Dinar Guru   Question:  “I don’t have any receipts of currency i bought 14 years ago…is that a problem to exchange it when the event happens?”  Only in the event of an audit for taxation. The bank won’t care in the slightest when and where you got your dinar — as long as it’s valid currency. All the receipt proves is WHEN you bought your dinar — which only matters to entities like the IRS, because the tax bracket for capital gains changes depending on how LONG you’ve had the asset.

Clare – Dinar Guru   Article quote:  “Parliamentary agreement with the European Union mission: European financial and banking institutions are preparing to invest in Iraq”

Sandy Ingram – Dinar Guru   US Department of State Website Article: “Secretary Antony J. Blinken and Kurdistan Regional Government Prime Minister Masrour Barzani Before Their Meeting”  The Iraqi Kurdistan prime minister has not been in Iraq at all for several days, but in Washington DC, meeting with Secretary Blinken.  They are discussing what went down in the first quarter of this year in Iraq.

Militia Man – Dinar Guru  Iraq has the attention of the world when it comes to ascension [into the WTO].  We have more than…the WTO, We have the World Bank…the ITC…Saudi Arabia….Armenia, the International Foundation for Corporations…What do they need with that?  They need freedom of capital movement.  That’s article VIII compliance…What a time to be an investor in the Iraqi dinar…

Pimpy – Dinar Guru   Here’s the biggie everybody is celebrating.  We’re not there yet but very close. Article:  “Iraq has completed requirements to join WTO: Minister”  We have to wait till they get voted in.  Yes they completed all the steps.  Let’s hope they keep their nose out of trouble and finally get accepted…Iraq is right there at the cusp, man, it really is.  This is big news.

Mountain Goat – Dinar Guru   some…recent…very interesting and informative news articles we can use to help connect the dots about what is going on with the Project to Delete the Zeros…all fantastic news but just news for now. The actual execution part is coming VERY SOON but not yet!  …I  am still staying VERY excited but remember Iraq does not work on our schedule…Just relax it is coming and we must just follow the news and see what happens next…

Militia Man – Dinar Guru  Iraq is going to have a lot of inflows.  They’re going to need to make things stable…To be able to defend their currency they’re going to need to keep pricing stable…All these guys, the World Trade Organization all know that.

Pimpy – Dinar Guru  We personally do not exchange our currency with Iraq.  What happens is if the sanctions are lifted, they revalue the currency, we take our currency down to our banks, we exchange the Iraqi dinar for US dollars…If that bank…buys and sell foreign currencies they would keep it on their books as an asset.  If they turn it over to the Federal Reserve then the Federal Reserve would be dealing with Iraq as far as swapping the US dollar for the Iraqi dinar but most banks are going to keep it on their books.    [Post 1 of 2….stay tuned]

Pimpy – Dinar Guru    That’s why you don’t have to worry about whether Iraq has enough US dollars.  It’s going to be whether your bank has enough dollars and since everything’s going to be digital there’s not going to be a problem with that.  That’s how it’s going to happen all around the world.  You’re going to be able to go into your bank, exchange your IQD and that’s who you’re exchanging it with.  Iraq does not have to have all those US dollars to cover the IQD because banks are going to hold them on their books as foreign reserve assets.   [Post 2 of 2]

Dinar Investor – Jeff  Article: “Iraq completes requirements to join WTO”  Quote:  “The Iraqi minister of Trade…affirmed that Iraq fulfilled the conditions necessary to become a member of the World Trade Organization (WTO) following the completion of economic reforms and the enhancement of the investment climate.“

Clare – Dinar Guru  Article: “Iraq completes requirements to join WTO”  Quote: “The Iraqi Minister of Trade, Atheer Al-Ghurairi, affirmed that Iraq fulfilled the conditions necessary to become a member of the World Trade Organization (WTO) following the completion of economic reforms and the enhancement of the investment climate.“

Samson – Dinar Guru   Article:   “UPDATE:  Ministerial Conference Thirteenth Session Abu Dhabi, 26-29 February 2024 ”  Quote:  “The National Committee on Iraq’s Accession to WTO has made distinguished efforts to align domestic legislation and laws with WTO Agreements and have the technical requirements of accession fulfilled.“

Militia Man – Dinar Guru    How are you going to finance one of the biggest world projects at 1310 when your valuation of your country is far greater than any other country in the region per kilometer? …What value are they going to use to value the operational side of of the budget for 2023 and investment side for 2023?  …If they haven’t gone to a private sector at 1310 obviously there’s an circumstance that suggests they’re not going to into a private sector at 1310…

Pimpy – Dinar Guru  Question: “How is the development road project going to be funded at 1310?”  The development road  project is not the world’s largest project.  It’s not even in the top 20.  But it is a very expensive project...Pay close  attention… Article quote “This year’s budget is Iraq’s largest at 198.9 trillion Iraqi dinars, about $153 billion based on the  exchange rate.  The 2024 and 2025 budgets will be the same unless the cabinet requests any changes and parliament approves them.“   This budget has already calculated...What did it say in the article?  ‘With the current exchange rate.  And what is the current  exchange rate?  1310 dinars per dollar.

Clare – Dinar Guru  Article: “Prime Minister: The government has placed the issue of economic and banking reform among its most important priorities“

Militia Man – Dinar Guru  Everything we’ve been seeing in the news…is quite intense in respect to a lot of the things we’ve been talking about... Article:  “Iraq’s Minister of Trade: We seek to join the World Trade Organization and expand our economic relations with the world”  That’s pretty bold.  Quote: “…Iraq is now able to enter the global trade market through the organization on a large scale.”  There you have it…That is a massive quote.

Vinterv – Guest Guru   Article:  “Iraq has completed requirements to join WTO”  Quote:  ” …Minister of Commerce of Iraq, has confirmed that Iraq has completed the requirements to join the World Trade Organisation (WTO) after completing economic reforms and improving the business environment.“

Militia Man – Dinar Guru  Article quote: “…Because accession represents and urgent priority the government seeks to meet its requirements..”    Urgent priority…Whether they do it this week or not is going to be determined but I tell you what, it sure is looking like they have come a long way.  This is a big set of [WTO] meetings.

Clare – Dinar Guru   Article:   “The Minister of Commerce discusses in Abu Dhabi with the World Trade Organization the completion of procedures for Iraq to join the organization”  Quote: “The organization is looking forward to and following the steps for Iraq’s accession carefully, given that Iraq is one of the important and powerful economies that is still outside the organization, and that Iraq’s presence within the organization’s membership will be a great added value to the organization and to the global economy.”

Sandy Ingram – Dinar Guru   Iraq and Turkey have an agreement where people and cargo can begin travel…up through Iraq…into Turkey and…into the Mediterranean Sea, which will allow…faster access to Europe.  This project is expected to increase Iraq’s GDP, provide thousands and thousands of more jobs and kickstart Iraq’s economy foundation outside of the oil industry. 

Samson – Dinar Guru  Article 1: “The Minister of Commerce discusses with the Director of the International Trade Center the formula for joint action and support for Iraq to obtain membership in the WTO”  Article 2: “For the first time in 20 years…Iraq participates in the Ministerial Conference of the World Trade Organization”

Militia Man – Dinar Guru   Article quote:  “Deleting the zeros…does not conflict with its value but needs educational campaigns to proceed it and a traditional period for trading the currency with zeros and the new currency to know the two currencies are equal in value.”   If they are going to be equal in value…a dinar is a dinar is a dinar.  A dollar is a dollar.  When it comes to an international stage a dinar is not a dollar, nor is a dollar a British pound or a Japanese yen.  There’s a difference in value.  Are they one of each?  Of course they are...But are they valued the same?  Absolutely not…

Mountain Goat – Dinar Guru    …Iraq is finally breaking the news all about the Project to Delete the Zeros. This is fantastic news but just news for now. The actual execution part is coming and I was told by my weekly call to my CBI contact in Iraq on Saturday, that it will be VERY SOON!

Goldilocks – Dinar Guru   Article quote:  “Iraq is participating for the first time since 2004 in the Ministerial Conference of the World Trade Organization, which is held in… The capital, Abu Dhabi,”  Iraq is currently participating in the World Trade Organization. Their potential membership is moving forward. As a full member of the WTO, they will need a rate to fully participate in this inclusion.  This is truly a monumental achievement for Iraq and something the world has been waiting for for a long time.  …There are high expectations that full acceptance into the WTO for Iraq will happen during this meeting taking place…

Militia Man – Dinar Guru  Article: “The Central Banks show that the amount of printed currency decreased by 1trillion between November and December 2023”  They’ve been reducing their money supply for 20 years… They’re telling you specifically they have been, in the trillions…  Less supply means more value…They’ve been doing what we said they were doing.  They’ve reduced the note count.  We’re going to see what the accurate numbers are and we’re probably gong to see that in valuation of the Iraqi dinar.

Clare – Dinar Guru  Article:  “The Prime Minister of the Kurdistan Regional Government arrives in Washington on an official visit”

Paulette – Dinar Guru  IMSO…now that the Federal Court ruled, the Oil and Gas Law is no longer needed.The court wrote the entire Oil and Gas Law in one decision.  All government employee salaries are paid through Baghdad and all oil and non oil revenues of Kurdistan go to the Federal government.  Nothing more to say or agree to.  “Binding and Compelling”.