Dinar Observer Daily

Pimpy – Dinar Guru  The deletion of the zeros is not off the exchange rate…I’ve showed you in writing.

Militia Man – Dinar Guru   Question:  “Does deleting the currency zeros affect its value?“  Of course it will.  Quote:  “Currency zeros do not conflict with its value.”  Of course it’s not going to conflict.  You delete the zeros, is that a conflict?  No.  It brings purchasing power.  If you deleted the zeros and there was no gain that would be a conflict.  How are you going to tell people for all these years we’re going to get purchasing power and then you do a LOP and there’s no value difference?

Clare – Dinar Guru  Article quote: “the prevailing proposal is to replace every thousand dinars of the current currency with one dinar of the new currency…The deleting zeros can achieve many benefits, the most important of which is getting rid of high inflation pressures on the economy and restoring confidence in the national currency and the monetary system as a whole, facilitating accounting processes and cash exchange between citizens, and reducing the cost of managing and maintaining the monetary block by reducing its volume under circulation”

Militia Man – Dinar Guru  They’re talking about deleting the zeros again…We’re not talking 1, 2 or three articles… Article quote:  “The issue of deleting the zeros and splinting the dinar has become a topic that causes a lot of reflection and controversy in economic circles...”   If you go from 1310 to something back to a ‘previous era’…is a big move…Article quote: “When this is done correctly we can expect…a strong dinar that is considered a store of value and perhaps even stronger than the dinar that was before 1980.”

tlm724 – Dinar Guru   Article:  “For The First Time In 20 Years…Iraq Participates In The Ministerial Conference Of The World Trade Organization”  Quote: “Iraq is participating for the first time since 2004 in the Ministerial Conference of the World Trade Organization…pointing to “the completion of the requirements for Iraq’s accession to the organization, which is the completion of the files of trade in goods and trade in services within the timetable for joining the global multilateral trading system.”

Militia Man – Dinar Guru  Iraq is going to explode with growth.  We all know that…You’re going to provide thousands  and thousands of jobs and build 10 industrial cities, millions of homes…it creates a lot of growth.  It creates a lot of jobs…

Pimpy – Dinar Guru   There’s no doubt this [Development Road Project] is going to turn Iraq into a transit center.  There’s going to be a lot of traffic going through there.  [But] Article quote: “Iraq has postponed the launch of its $7 billion development road project to early 2025...”  Hello, remember, don’t count your chickens before they hatch.  We are talking about Iraq.  This happens quite often.

Sandy Ingram – Dinar Guru  The interest rate in Iraq averaged 6.17% from 2004 until 2024 reaching an all time high of  20% in December of 2007 and a record low of 4% in March of 2016.  6.17% is a high rate, yet they still are having trouble getting  the Iraqi people to put their money into the bank.  Iraq does have a bank deposit protection program similar to the US’s FDIC.

Samson – Dinar Guru  Article:  “Washington: Senator Coons is holding important talks with our partners in Baghdad“

Militia Man – Dinar Guru  Article quote:  “…the prime minister’s…advisors do not have any information regarding the amount of the read and expected deficit in the 2024 budget.  This mater is completely closed until the moment exclusively with the Ministry of Finance.”   Parts of the government do not know yet what is coming.  Why?  Because they don’t have a need to know… Article quote:  “…no one know what they include… numbers and details.”  No one knows until the last moment.  Why?  Because they need to keep it tight to the chest.  

Nader – Dinar Guru   Did you see the article...?  Sudani visiting the United States Soon.

BGG ~ So?!?

Pimpy – Dinar Guru  I want to make sure people understand.  When they go, ‘why do you always talk negative about the dinar?’  I’m not talking negative about the dinar.  I’m expanding the truth to you.  I may come across as negative because you have been tuning in elsewhere…and your emotions are high…I’m going to tell you exactly what we need to look for and what it’s going to take for Iraq to get us there…There’s a lot of good news.  Let’s be happy about that.  More than I’ve seen in a long time.

Dinar Investor – Jeff  The starting point of the US interactions with Iraq was on March 17, 2003…Is it possible the US might end its actions with Iraq on the anniversary date of when it started…March 17, 2024?

Yada – Dinar Guru  Question:  Are we waiting for 5 pm…For Forex?  yada:  Not necessarily for the FOREX but for the markets to open. The lower denoms will be released after the rate change, almost seeming simultaneously. All the contracts from Davos, Baghdad forum, and now the OTC that closed on the 22nd, are all activated with the rate change.

BGG ~ If this person is “vaguely implying” there is an RV in the immediate future… forecasting as much based around various normal openings and closings of various markets, it is PURE NONSENSE!! Refer back to this post in a few days, weeks or months.

Samson – Dinar Guru  Article: ”Al-Sorgi: The Federal Court’s decision will accelerate the legislation of the oil and gas law“

Sandy Ingram – Dinar Guru  You have NOT, and I repeat, NOT been scammed as long as you purchased authentic Iraqi dinars and your dinars are not counterfeit.  If you purchased the exact currency used in the country today, then your dinars will spend just like any other dinar in Iraq today.

Dinar Investor – Jeff  The starting point of the US interactions with Iraq was on March 17, 2003…Is it possible the US might end its actions with Iraq on the anniversary date of when it started…March 17, 2024?

Militia Man – Dinar Guru  Iraq’s natural resources to stimulate growth is off the charts.  They’re right there underneath just a few countries… United States, Saudi Arabia…When it comes to valuation they’re going to have to value the currency at some point in time to a Real Effective Exchange Rate (REER)…

Wolverine – Dinar Guru  On Thurs. 22 Feb. the Central Bank of Iraq made an official RV announcement on TV:  Iraq will present a Sovereign coin and release it.

BGG ~ This is complete NONSENSE. They may have made a coin announcement, but to assure anyone “THIS IS THE RV”… is just more ignorant nonsense.

Pimpy – Dinar Guru  Community Comment “…Nothing is going to change until Trump is back in office period…”  Funny how people really feel if Trump gets in office then it’s going to happen for sure, which it might be a possibility but we thought that last time.  Nothing happened.  But keep your fingers crossed, we’re going to find out very soon.

Dinar Investor – Jeff   In March the UN will be submitting their official, ‘We’re done’, ‘we’re ending our mission in Iraq’ report to Iraq...After Iraq has revalued is when it gets submitted and turned over to the Iraq government…

Samson – Dinar Guru  Article:  “At Biden’s request, an American senator meets with Sudanese, and a detailed statement about their discussions“

Clare – Dinar Guru   Article:   “Biden’s envoy arrives in Baghdad and meets Al-Sudani“

Militia Man – Dinar Guru  Article: “Al-Sudani makes comments on US sanctions: We will not abandon the private banking sector”  The work Al-Sudani has done thus far is truly amazing… Previous governments were allowing the theft of massive amounts of money.  That is no longer.  This is likely why…the UN Assembly meetings were successful and with powerful statements about Iraq’s future in “Restoring Confidence” (DAVOS) to the Global Financial system and with the largest banks in the world, i.e., J.P. Morgan Chase, CitiBank, etc..

Mountain Goat – Dinar Guru  …when it does finally come out on the global exchanges, like FOREX, the rate in Iraq will coincide to whatever the rates are on the global currency exchanges that you want to exchange the dinar to. The banks will then use FOREX…Once on FOREX, there will be currency exchange rates in Iraq and elsewhere according to the country’s currency you are exchanging it in. For instance, if you are in the United States you will exchange for USD. If you are in Germany you will exchange for Euros, etc.. etc…  There are no other rates. The Iraqi program rate will be gone. That whole temporary currency system will be gone.

Sandy Ingram – Dinar Guru  The problem for Iraqi dinar investors is no US banks and few banks worldwide will allow transactions using the Iraqi dinar.  Bankers turn their noses up when people ask about Iraqi dinar and this is one of the reasons the investment is called shady.

Clare – Dinar Guru  Article: “Al-Sudani is making an upcoming visit to Washington”  Quote “The two sides discussed the files that will be raised during the Prime Minister’s upcoming visit to Washington, and the cooperation mechanism within the strategic framework agreement between Iraq and the United States, and the committees formed in this regard,”

Pimpy – Dinar Guru   Community Comment:  “Thanks for the let down once more that Iraq will never RV.”  I never said it would never RV.  Never.  In fact I’m the one that said it’s going to go up in increments.

BGG ~ Maybe instead of boo-hooing to Pimpy for whatever he said which you don’t happen to like, go say “Thank You” to all the mercilessly ignorant blowhards in the Dinar community who continually assure an outcome of which they are completely clueless. Try giving credit where credit is due… for once.

Dinar Investor – Jeff   Why the timing of the rate change has anything to do with a budget period?  Here’s why…Countries calculate their budgets off the value of the currency.  In order for them to approve a budget, whatever currency value they’re going to utilize has to be released publicly…That means the rate has to change before the budget can be approved…Kuwait changed their rate on March 24th of 1991…before their April 1st budget period.  It’s that simple.

Militia Man – Dinar Guru  Saudi Arabia helped Iraq with about 15 years of negotiations [with the WTO] in one year...Iraq [at that time was at “observer” status]…Being an observer you have the ability to have accessions.  Am I waiting for them to have accessions before they have an exchange rate?  No I’m not.  But the fact that they’re getting to that stage shows the world’s expectation is …the cat’s out of he bag.