Dinar Observer Daily

Clare – Dinar Guru   Article:  “Saleh: Iraq is experiencing high price stability and the decline of parallel market noise “

Sandy Ingram – Dinar Guru  “Iraq’s central bank revokes Iran’s Bank Melli operating license”  This article tells us the US is serious about not allowing Iran to have access to US dollars.  It also tells us Iraq is serious about aligning with the US Treasury Department to maintain access to over one hundred billion US dollar of its money in the Federal Reserve.

Pimpy – Dinar Guru  …You don’t need to go to a Redemption Center…I bank out of Wells Fargo.  I went in there, talked to my manager.  He said this if the exchange rate is very large and you end up making a lot of profit off it, ‘All you got to do is call, let me know when you come in or just walk in, wave to me so I see you and tell me that you’re coming to exchange your currency.  We will go ahead and run it through the machine to make sure it’s not counterfeit…once we say it’s all good we deposit it directly into your account.’  …They don’t ask for a receipt.  They don’t ask where you got it from.  They don’t ask you about any of that…

Militia Man – Dinar Guru  Iraq is moving towards going into a market economy…it’s quite obvious…Tensions are the trade lines between Egypt and Jordan because of the Red Sea.  There’s been some chaos going on with different factions disrupting trade…Iraq’s Development Road Project Article quote: “Iraq supports an alternative to the international transport lines that deliver good from the East to the West.”  Everything’s coinciding at this time with the major international transport companies coming into play…

Yada – Dinar Guru   Question: so im hearing the lower notes still not out yet? how does this timing line up with what we want? does it hapoen before or after or the same time if rates are already up and waiting?  yada:   when the rate is released the lower denoms will have value and released afterwards. Almost simultaneously.

Pimpy – Dinar Guru  I’ve been following the Vietnam dong closely.  With all these corruption cases going on, we’re talking about several politicians being sent to jail or going to court.  With them cleaning up so much of their corruption I’ve really been paying attention to the markets and seeing if there’s any news coming out about a possible change in exchange rate.  I’m not saying it’s going to happen but if these are the same people that’s holding it down…hopefully they’ll allow the exchange rate to increase…It’s looking pretty good over there in Vietnam. 

Sandy Ingram – Dinar Guru    Vietnam is making major financial news.  Vietnam factory activity returns to growth status after the pandemic, tourist arrivals increased by 73.6% in January and retail sales are still growing for the 26th straight month.  The inflation rate is at a five month low of 3.7%.  Overall Vietnam has green lights on all growth patterns…Vietnam knows precisely what to do to bring the value of its currency back into the line of profit…

Fnu Lnu – Dinar Guru  The law of one price…states that the price of an identical asset or commodity will have the same price globally, regardless of location...The law of one price takes into account a frictionless market, where there are no transaction costs, transportation costs, or legal restrictions, the currency exchange rates are the same, and that there is no price manipulation by buyers or sellers.  [Post 1 of 2]

Fnu Lnu – Dinar Guru   The law of one price exists because differences between asset prices in different locations would eventually be eliminated due to the arbitrage…The arbitrage opportunity would be achieved whereby a trader would purchase the asset in the market it is available at a lower price and then sell it in the market where it is available at a higher price.  Over time, market equilibrium forces would align the prices of the asset.  This should clear up the misconception of getting a better rate at a bank versus a redemption center, etc…. The rate will be the rate, no matter where, due to the law of One Price.   [Post 2 of 2]

Militia Man – Dinar Guru   There’s evidence the project to delete the zeros off the exchange rate is underway or is still on the table.  It exists and that’s because of who said it.  We know Al-Alaq has said it and it’s been referenced to one of his financial advisors…Saleh.  

Zester – Guest Guru  Here is a little news: “Iraq revokes Iran’s bank Melli operation license” This article is interesting because of what is mentioned in it… That there are many banks in Iraq that are banned from participating in the daily US dollar auctions held by the CBI…to stop the smuggling of US dollars to Iran and that Iraq has reserves of over $100 Billion dollars held in the United States. From Rueters.

Pimpy – Dinar Guru  I absolutely positively believe the Middle East is going to be prosperous.  I absolutely believe the dinar is going to be a huge part of that…

Militia Man – Dinar Guru  What I like about the Iraqi dinar…is there’s progress and there’s been progress…The  bottom line is ever since Al-Sudani has taken the helm…things have progressed immensely. 

Clare – Dinar Guru  Article:  “Advisor to the Prime Minister: Iraq today has the highest levels of foreign reserves in its financial history“

Pimpy – Dinar Guru   I’ve heard this story a zillion times – It [the Iraqi dinar] used to be $3.22 so if you adjust for inflation it’s going to be much higher.  If that was the case do you understand how much higher the Kuwait dinar would be?  It’s around the same as it was 7, 8, 10, 20 years ago.  You don’t see them go, ‘Hey this year we raised a whole other dollar because of inflation.’  No.  That’s just ridiculous.  I’ve heard that all before.  It’s not adjusted based on inflation…There is no currency exchange out there right now that you can find that’s even remotely close to $4 let alone $7…

Militia Man – Dinar Guru   Iraq is getting praise from the international world, the globe, everybody around the world.   Seven of the largest entities on the planet are reaching out… Article quote: “The seven countries, the European Union, the World Bank praised Iraq’s government which with continued commitment to economic reform and stimulation the private sector and growth.”   These guys are stoked that Iraq is committed to economic reforms and they’re giving credit where due.

Kaperoni – Dinar Guru  Sanctions on Iraqi banks for continued money laundering undermines the exchange rate and hurts the spread.

Sandy Ingram – Dinar Guru  We are not living a pipe-dream.  The IQD and the VND investments are real...Iraq is a small wealthy country…with gold reserves, oil and $100 billion in cash reserve.  They are making serious effort…It is safe to say that an appreciation of $0.10 or even $1.00 to 1 Iraqi dinar is not out of the question.  

Babysmom – Dinar Guru  THE DINAR WILL COME OUT AT A SPECIFIC RATE ON FOREX. IT WILL RISE FOR A WHILE BASED ON POPULARITY OF HEDGE FUNDS ETC. THEN IT WILL COME DOWN IN 5% INCREMENTS UNTIL IT REACHES A SETTING POINT… WITHIN 25 CENTS OF THE KUWAIT DINAR.  CURRENTLY THE KUWAIT DINAR IS APPROXIMATELY $3.25.

Pimpy – Dinar Guru   Iraqi dinar is pegged to the US dollar.  If the dollar starts to lose value because the interest rates are being cut, then is this the time for Iraq to de-peg away from the dollar?  …No, you just don’t do it.  You have to weigh the pros and the cons of it.  Yes I would like to see Iraq de-peg from the US dollar but I also want to make sure they are set up to do so before they do that…Sure the value of the dollar is going to drop, should Iraq de-peg itself and be independent and make their own decisions with the possible risk of it losing value instead of it gaining value?

Samson – Dinar Guru  Article: ”Politician: The UN and international praise for the Sudanese government and its achievements are unprecedented“

Militia Man – Dinar Guru  They [Iraq] have been on steroids… ever since Al-Sudani took office and they allowed him to go to the UN assembly meeting and then over to Davos.  Now the UN is talking about releasing them from UN Chapter VII sanctions because the mission from the UN is coming to a close…

Militia Man – Dinar Guru   There was a kind of documentary out showing how they were destroying triple zero notes.  Think about it, if you had printed trillions and trillions of notes, it takes a long time to reduce your note count….The fact they were going to be doing this whole delete the zeros project from the exchange rate they were going to have a use for what? [Coins].  They even talked about coins in the last week…The project to delete the zeros, they’re still in the process of doing it.

Clare – Dinar Guru  Article: “Netherlands: About 60 thousand Iraqis live in our country and we are waiting for the Sudanese to visit” Quote: “Dutch Foreign Minister Hanke Bruins-Sloot announced on Tuesday that about 60,000 people from the Iraqi community live in her country, while she confirmed that Amsterdam is awaiting an upcoming visit by Prime Minister Muhammad Shiaa Al-Sudani.“

Militia Man – Dinar Guru  Article Quote:  “Ending the mission of United Nations office in Iraq takes Iraq out of Chapter VII”  Who hasn’t been waiting for Iraq to get the last shackles off their back?  Quote:  “Chinese representatives in recognition of the existence of a state of political and economic stability in Iraq gives Al-Sudani the opportunity to ask the Secretary General of the Untied Notation to end the work of the Untied Nations office in Iraq or at least reduce it and then Iraq will exit from chapter VII.”  …That’s pretty powerful data…Could he have already asked?  …I’m really pleased with this.

Samson – Dinar Guru  Article:  ”Observer: Ending the mission of the United Nations office in Iraq takes Iraq out of Chapter Seven“

Mountain Goat – Dinar Guru  …told to me just yesterday by my CBI contact…I was told that of the committee responsible for orchestrating the project to delete the zeros, had a member given a directive to supply a set of quality photos of the newer lower denomination paper currency and the coins. They are then to work with the technical side to deliver these photos and a writeup on the process of how the project to delete the zeros is going to work….I was told that in the coming weeks they were told that a meeting will be scheduled to review timetables for the coordination of all these events…Folks this is amazing news.

Pimpy – Dinar Guru  There are many countries that have a ton of resources and the governments are rich but the people are poor.  I’ve been a huge supporter of the Iraqi people.  I keep praying their government gets their shit together and they’re able to prosper from the resources they have.  There’s no reason for them not to.  Sure I want to make money off the Iraqi dinar but…not at the expense of the Iraqi people…I can see how the Iraqi people will become prosperous because if they change the exchange rate it give them more purchasing power.  That means they’re able to buy a lot more things with their money…An increase in the exchange rate would benefit them greatly…

Clare – Dinar Guru  Article “Iraq increased its possession of the yellow metal to more than 142 tons” Quote “Iraq announced the purchase of gold in the year 2023, amounting to approximately 12.25 tons.” 

Militia Man – Dinar Guru  We’re in the process of watching it unfold…Everybody should be able to be excited because the news is collectively showing Iraq is moving to a private sector/market economy and there’s partnerships with the public to be able to facilitate it.