Dinar Observer Daily

Henig – Dinar Guru   Article:  “A leader in Al-Asa’ib sparks a dispute between Al-Sudani and Al-Maliki“.   IMO: Maliki being Maliki again.  I see any disagreement with Maliki as being a good thing. Maliki likes his power, and when someone opposes him on that, it’s generally needed. I like to see Sudani standing up to Maliki, it seems VERY positive. The more Sudani draws power away from Maliki, the better. Sudani ascending, Maliki descending. I like it.

Pimpy – Dinar Guru   Iraq…had a chance to come out to Washington and the squeeze was put on them.  Biden has put a crack down on Iraq because it won’t stop funding Iran.  This is what happens when you get a Coordinated Framework in there.  These are people who are loyal to Iran not Iraq.  That includes the Prime Minister forcing Biden and the United States Federal Reserve to put the squeeze on Iraq and it’s affecting their dinar.

Nader – Dinar Guru  Since last Saturday the police and man of law been running the streets in Baghdad and markets of Baghdad…you see a lot of cash in the streets.  Everybody sells cash on the streets and everybody sells dinar and dollar…the government is cleaning up.  They want to take all that out.  They don’t want nobody else besides the banks or the exchange offices to sell dinars or dollars or any kind of money.  That’s a good thing…if they are doing that they are doing it for a reason…that’s going to take a couple weeks…maybe a month to clean up all that money in the streets.

Mountain Goat – Dinar Guru   Article:  “PARLIAMENTARY WEALTH: ALL ROADS ARE OPEN TO PASSING THE OIL LAW IN PARLIAMENT”  This article is music to me when I read it… Yes we [have been] waiting so long to see this. Finally!!! Go RV!

Breitling – Dinar Guru  The Parliament did accept the proposed increase in value of the IQD to 1300 dinar per USD [From the CBI]. This is in part to offset the recent losses in value and to increase the purchasing power of the currency.

Pimpy – Dinar Guru   Article:   “Central Bank: Bank outlets to sell foreign currency continue to work by selling dollars”   Remember everybody was clamping down on dollars making them real scare.  The more scarce they are then they rise up against the dinar in exchange.  Iraq is trying to get permission from the United States to get more US dollars so they can release them in their country and drive the value down against the dinar.

Sandy Ingram – Dinar Guru  Article:  “Congressmen call for more US support for Kurdistan Region, tougher position toward pro-Iran elements in Iraq”  This cannot be good.  Or it may be the best thing that has happened in the last 10 years.  Congress is actively asking questions and wanting to control the purse strings of America’s aid packages to Iraq..

Militia Man – Dinar Guru   One of the things investors in the world need to come into Iraq…they need to have freedom of capital movement.  They must have been assured in the Washington, Baghdad, Istanbul and the meetings that we saw with the IMF and AMF in the last 24 to 48 hours are all coming about telling us that they’re going to be going international…

RVAlready – Dinar Guru  Article:  “Fuad Hussein: We reached an agreement with American officials regarding the dollar”  Quote:   “I see that the currency issue will be gradually resolved…”  Article:  “The Governor of the Central Bank of Iraq reassures the people: We found understanding from the Americans regarding the dollar”   This is great news from a respected Iraqi diplomat and the head of the CBI.  I’m looking for 1000 to 1 real soon now.

Mountain Goat – Dinar Guru    …Everything is pointing in the right direction that this could literally happen VERY SOON…

Pimpy – Dinar Guru  If the United States gets behind a revaluation of the Iraqi dinar to $3.22 then it’s going to be recognized by the rest of the international community.  But if the United States doesn’t get behind it, I don’t care if they change the rate or not it’s going to mean nothing to us who don’t live in Iraq …

Sandy Ingram – Dinar Guru   What is Iraq doing to prepare for entering the global financial world?  It is efforts like this that encourage our belief that the Iraqi dinar will revalue at a much higher rate…What is an FIU?  (Financial Intelligence Unit) That is a bid deal, a really big deal…Iraq applying for and being accepted by this organization says they are ready to dig deep and understand financial crimes before they happen…FIU could easily help Iraq identify large sums of money leaving Iraq for Iran or any other place in the world…this means checking the financial status for Iraqi politicians will become second nature.

Clare – Dinar Guru   Article:   “Huad Hussein from Washington: The currency crisis is gradually receding, and Iraq is becoming aware of it”  Quote: “… there is already a system in place between the Central Bank of Iraq and the US treasury, but it is new, and the Iraqi parties have become more familiar with the mechanism“

Militia Man – Dinar Guru  1310 isn’t enhancing the value of the dinar.  It was 1166 to 1460 and then back to 1310.  That’s not enhancing.  The inflation and all those things that come with that just doesn’t match.  But what does match is they they’re enhancing the value based on income streams…taxes, tariffs…gold reserves…foreign reserves.  All of those things are the things that enhance the value fo their currency…

Pimpy – Dinar Guru   The overall goal is to get the Iraqi dinar to a 1 to 1 level playing field exchange rate…the dinar is going to get stronger and it’s actually going to get stronger much quicker than people think…major projects happening in Iraq and every one of these has to with the new development going on in Iraq and how their economy is actually getting very strong which will lead to them having a 1 to 1 exchange with the United States dollar...the economy for Iraq is getting ready to boom.  Employment is getting ready to boom.  Everything is getting worked out…

Mountain Goat – Dinar Guru  Article:  “MEMBER OF PARLIAMENTARY ENERGY: A “SEMI-OFFICIAL” AGREEMENT ON THE OIL AND GAS LAW”   As I stated many times already the new 2005 Iraqi constitution states that there shall be a referendum passed in parliament on instituting the conditions of the constitution to manage the oil and gas. This is called now the oil and gas law. Seems anytime we get news of a rate change, this law pops up in the news. Why? I was told way back in 2011 that this law is necessary to…reinstate the dinar as are all the provisions in the constitution must first be met, including this one. Funny how it always comes up when they are getting ready to reinstate the dinar.

Pimpy – Dinar Guru  …With the currency being stolen by corrupt politicians and terrorists there’s no way they’re going to revalue the currency currency to [$3.22].  Most likely when the time comes and they’re really right back on track you’re going to see them re-denominate the currency and it’s going to go up in increments.  Do I think it could get to the $3.22 rate?  Of course I do…I’m not saying it’s going to happen overnight.  I’m saying it’s possible to get to the $3.22 rate.  They just have to make sure to stop doing all the bad things that keep setting them back…

Clare – Dinar Guru  Article:  “The government sets a week to complete the 2023 budget according to the new exchange rate: we will approve it in one session”  Quote:  “The Iraqi government revealed, on Wednesday, that the Ministry of Finance has begun to re-prepare the general budget for the year 2023 according to the new exchange rate (130) thousand dinars per 100 dollars.“

Nader – Dinar Guru   I still believe the budget have nothing to do do with the rate.  The economy have to do with the rate.  The private sector has to do with the rate.  But the budget have nothing to do with the rate.  The budget is for the country.  It’s not for outside the country.

Sandy Ingram – Dinar Guru  The Iraqi cabinet set the official exchange rate at 1300 Iraqi dinars per 1 US dollar.  The change is based on the Central Bank of Iraq’s suggestion/recommendation.  The previous rate was at 1460 Iraqi dinar to 1 dollar…the Iraqi dinar has lost more than 10% of its value in recent months because of pressure from the United States to stop the flow of dollars to countries under U.S. sanctions – Iran and Syria.  This is not the end of the road.  Far from it.  But the beginning.  For years the official rate was 1182 dinars…Iraq’s central bank devalued the dinar in December of 2020 to 1460 dinars per dollar…[We are] viewing this 1300 rate change as a return to the pre-covid exchange rate plus or minus inflation…

Militia Man – Dinar Guru  Iraq was on the “Black list”, then it was moved to a “grey list” and then just yesterday/day before they were moved from that “grey list” by the European Union to the “white area”…at the same time there was things going on in Washington DC. 

Pimpy – Dinar Guru   Let’s get clarity about what’s really going on over there in Iraq in regards to the decline of the Iraqi dinar… Everybody knows the coordinating framework, Maliki and all his friends…do the bidding of Iran…the currency auctions were being used as a way to funnel money into Iran when Iran is under sanctions.  This is a big No-No…so they sanctioned a lot of these people but…they were still able to smuggle money…It’s very very profitable for somebody like Maliki, who owns a bank and is a high ranking, very powerful influential politician within Iraq.  Unfortunately when your politicians do these types of things and the United States can’t find a way to stop what’s going on they’ll take it out on the citizens of their country... [Post 1 of 2]

Pimpy – Dinar Guru  The issue with the currency is this – there is not enough United States dollars in Iraq…Since it [dollar smuggling] was so out of control the United States decided to limit the amount of dollars…putting the squeeze on the US dollar which is in high demand in Iraq...legally you’re only supposed to get 1450 [Now 1310] dinars for every US dollar.  On the black market…people were swapping the US dollar for around 1700 dinars because the dollars were so scarce and people in other counties [trade goods] wanted the dollar…this was causing the huge gap between the official rate and the market rate so cash smuggling or laundering becomes really profitable…so they’re trying to put a crackdown on that.  [Post 2 of 2]

Henig – Dinar Guru   Comment:  “There sure isn’t many articles about the budget lately?”  There’ve been a few, but mostly rehashing over old material and couched in different information…IMO we won’t have a lot of new info until the Council of Ministers releases it to Parliament. Remember they said they were 95% done with it multiple times. No idea why they’re waiting, but here we sit.

Clare – Dinar Guru  Article:  “Governor of the Iraqi Central Bank: Launching a second package of facilities to support the exchange rate”  Quote:  “The delegation of the US Federal Reserve Bank and the US Treasury discussed a number of support mechanisms for the Central Bank of Iraq. In order to enhance his ability to deal flexibly with crises during this stage“

Pimpy – Dinar Guru  Article: “Blinken: We are working to strengthen Iraq’s economy and reintegrate it into the region”  As investors in the Iraqi dinar you want to hear this kind of news.  The more they can strengthen the economy and make it more secure and the less they rely on oil sales the better it is for the Iraqi dinar.  It becomes a stronger currency and you can have a much better exchange rate.

Clare – Dinar Guru  Secretary Antony Blinken Tweet “I co-chaired with Iraqi Deputy Prime Minister @Fuad_Hussein1 the first ever economic-focused Higher Coordinating Committee of the U.S.-Iraq Strategic Framework Agreement. We will continue to work with the @IraqiGovt to strengthen Iraq’s economy and energy independence.”

Mountain Goat – Dinar Guru   Article:  “IRAQ MOVES INTERNATIONALLY FROM THE “GRAY” TO THE “WHITE” AREA”  Quote:  “Iraq has come a long way in combating the financing of terrorism and money laundering.”   …Iraq was removed from the “most dangerous countries” area and moved from the gray area to white…this is fantastic news… So, now that they just told us the level of corruption is acceptable…and that they are in compliance with all international standards in this regard, when will they reinstate the dinar?  …I am telling you get ready…it is not long before IQD is back on FOREX and trading…then we go to the bank.

Pimpy – Dinar Guru  Anybody talking about a rate over $.01 cent is full of crap.  That’s not gonna happen.  I would love for it to happen…It’s just not gonna happen.  When they say they’re going to restore it to its original value they’re talking about 1190 dinars.  If it was meant to go back to the $3.22 rate…they would have said something along the lines of we’re going to go ahead and restore the pre-invasion rate of $3.22.  You would hear something in the wording saying ‘pre-invasion’, ‘prior to Kuwait ‘, stuff like that.  They’re not saying that.  They’re just saying previous…expect the exchange rate to go back to the 1190 dinars for every dollar. Pray that they re-establish the $3.22 rate.

Nader – Dinar Guru    Some people believe it’s [The dinar] a scam.  Some people believe, ‘Oh, it’s Iraq , it’s a terrorist country.  It’s killer country.’  But Iraq was good before and it’s gonna be good later...Thank God for what’s happening and things gonna happen better.  I mean, what’s coming it’s better.  It cannot be worse.  We were already in the bottom of the barrel.  Now we just have to climb out of the barrel.  Once we’re out the barrel even an inch we’re good…