Dinar Observer Daily

Pimpy – Dinar Guru  Article:  “Iraq ranks 47th among the largest economies in the world”  This is great news for Iraq but can you imagine had they had a government formed where they be today?  Having a strong economy is a huge part of them revaluing the Iraqi dinar.  The other two steps are still moving forward which is the accumulation of gold and the accumulation of foreign currency access…those will just help strengthen the dinar…congrats to Iraq despite the fact that they’re in political chaos and they still manage to do very well economically.

Samson – Dinar Guru   Article:  “Al-Kazemi will fly to America tomorrow”   “Al-Kazemi will hold meetings with a number of world leaders, led by US President Joe Biden.“

Samson – Dinar Guru  Article:  “America’s strategic oil reserves fall to their lowest level since 1984“  Quote:  “US President Joe Biden set out in March a plan to release one million barrels per day over six months from the Strategic Petroleum Reserve to overcome high fuel prices in the United States that contributed to sharp increases in inflation.  Energy Secretary Jennifer Granholm told Reuters last week that the Biden administration was considering the need for more releases from the petroleum reserve after the current program expires in October…“

Nader – Dinar Guru  Article:  “CBI sold  +1.2 billion in forex last week“. This has got me confused a little bit…Says CBI sold 1.2 billion on Forex last week…I try to call a couple of times people who works for Forex and ask them if we can invest or buy or sell Iraqi dinar and they says no.  And now this article comes out and says the CBI sold 1.2 billion last week?…Somebody please explain it to me because I don’t get it.

BGG ~ So this guy has one of the biggest Dinar Youtube channels there is… and this is who people listen to?

Says a lot about what people will listen to.

Mountain Goat – Dinar Guru  I know for many of you things seems hopeless for your investment. But I can assure you they are not hopeless. We will see a major shift soon in the USA and this will impact the foreign policy of the USA towards Iraq . It may take until the end of the year to catch up so don’t expect anything until at least January 2023…Things are going to change and the future is very bright for Iraq.

Samson – Dinar Guru  Article “Al-Kazemi’s advisor: The foreign exchange reserve represents real monetary stability for the country”  Quote “Saleh said, “All indicators confirm today that the country’s foreign exchange reserves, which amounted to about $85 billion, including gold, are at a high level of efficiency and represent real monetary stability for the country.”

Nader – Dinar Guru  I think the first week of January they gonna launch the 2023 budget and the good news is the rate is in it.  But I don’t know the rate. The rate is in it…

Kaperoni – Dinar Guru  If the dinar is ever going to go up in value it will be the result of Iraq building a private sector diversity economy. But only if they pass laws, encourage investment, and diversify away from oil.  A country’s currency exchange rate is never a random act.   It’s based on economic growth, GDP, etc. Only with the success and growth of Iraq’s economy can the dinar go up in value.

Pimpy – Dinar Guru  We’re closer now than ever before to a civil war over there in Iraq… Article:  “Iraq is Nearing the Brink of a Shiite Civil War”  ...until all this crap is settled you’re not going to see any changes whatsoever in the Iraqi dinar.  We see they’ve done a lot of great things for the Iraqi dinar – more gold.  More foreign currency asset buildup but if they’re going to have a civil war, the country is going to be unstable.  This is not good. 

Frank26 – Dinar Guru   Article: “High foreign reserves of the Central Bank of Iraq”   …because the gov of the CBI controls the auctions, increasing foreign reserves instead of decreasing them by having Iran steal them. 

Samson – Dinar Guru  Article:  “The World Council: Iraq is among the Arab countries with the most gold reserves”  Quote:  “Iraq still maintains its 30th position globally with the largest gold reserves out of the 100 countries included in the international financial statistics for global gold reserves and for the second month in a row after purchasing 34 tons in the month of June, when these reserves amounted to 130.4 tons, which represents 9.5% of the remaining his other currencies…”

Samson – Dinar Guru  Article:  “Association of Private Banks: The percentage of financial inclusion in Iraq has risen to 33.5%”   Quote:  “…the percentage of financial inclusion increased from 22.5% during the year 2020 to 33.5%, an increase of about 49% from the year 2020, due to the Central Bank’s policy to support the project to localize employee salaries and increase the opening of Banking branches, digital transformation support, electronic wallets, payment points and ATMs“

Pimpy – Dinar Guru   Article: “Iraq’s gold reserves rise to 130.4 tons”.   Iraq continues to add to their reserves.  They now have 130.4 tons of gold.  Quote:  “Iraq ranked 3rd in the Arab world and 30 in the world…”  ...with the gold reserves in Iraq increasing and the foreign currency reserves also increasing this is huge for the support of the Iraqi dinar.  They’re a big part of what makes a currency strong.  I see some big steps being taken that do indeed help the Iraqi dinar in a big way...

Mountain Goat – Dinar Guru    The new lower denominations that we are looking for are not yet in circulation. Other countries are not yet exchanging the dinar. There is no reason for them to be exchanging.

Clare – Dinar Guru  Article 1 “The Central Bank separates the work of the Deposit Insurance Company, the development of the payments system, and cooperation with major international banks”  Article: 2 “The Central Bank announces international cooperation with Iraqi banks”  GREAT ARTICLE!  The Central Bank announces international cooperation with Iraqi banks.

Breitling – Dinar Guru  Let’s talk about Iraq and the threat for Iraq to add value or not to add value.  Right now they’re making a ton of money.  They’re not worried about it.  It doesn’t mean they’ve shelved trying to be Swift compliant and trying to open up their markets to the west.  They’re still working on that right now.

Sandy Ingram – Dinar Guru  Article: “Law proposal includes financial aspects and $100 billion reserves expectations”  Iraq has never experienced or witnessed this type of growth before.  Iraq expects the currency reserves to reach 100 billion if oil prices remain high until the end of the year.  The technical advisor to the prime minister explained that this figure will support the stability of the Iraqi currency.  [Post 1 of 2]

Sandy Ingram – Dinar Guru  Here’s why this is important – someone within Parliament wants to implement a new law surrounding finances…it appears the white papers are 100% in effect and the foundation of Iraq is sealed.  It does not matter who the next president or prime minister is if the laws of the federal court are followed.  Iraq will grow financially regardless of the political environment. [Post 2 of 2]

Samson – Dinar Guru  Article 1:   “Al-Kazemi’s advisor : The financial surplus may reach 25 trillion dinars at the end of the year”  Quote: “…while noting that the inflation rate rose 10 times due to the change in the exchange rate.” Article 2:  “Oil pushes Iraq’s cash reserves to a historic high” Quote:  “The country’s reserves have reached the highest level achieved by the central bank since 2003,..gold reserves exceeded 130.4 tons, worth $7 billion, bringing Iraq to the thirtieth place globally and fourth in the Arab world…“

Pimpy – Dinar Guru  And the crowd goes wild!  Apparently a new lower denominated dinar is flying around the dinar community.  People are celebrating…If indeed the central bank was issuing five dinar bills well then that would mean the dinar exchange rate would have to be up there high enough to give us some type of value.  Who knows maybe…1 dinar for 1 U.S. dollar.  Maybe 2 U.S. dollars for 1 dinar…if a lower denomination was indeed issued then that would mean that a rate change is coming and that’s what everybody’s excited about... [Post 1 of 2]

Pimpy – Dinar Guru  Let’s take a look at it…this is a bill…As a collector this is exactly how I’d love to see it – Nice, flat, crisp, centered, no marks, no folds, nothing and a protector just like this.  But that’s just it.  It’s a collectable people.  This is from the 1980s.  This is not a new bill...(See eBay – Iraq P-70 5 dinars year 1980 Waterfall Uncirculated Banknote )…it’s a beautiful note.  I like the colors but sorry people that is not a new banknote... [Post 2 of 2]

Breitling – Dinar Guru   If you look at the news for the average person in Iraq it’s horrible for them because it’s back and forth between the Sunni and Shia.  But you and I are not watching what’s going on socially in Iraq.  That does not dictate how they’re going to expand their markets…

RVAlready – Dinar Guru  Interesting situation. Sounds more and more that UN will force an agreement for the good of Iraq.

Pimpy – Dinar Guru  Article:  “America reveals the meeting of 11 embassies to support Iraq”  This is the international community coming together to do what they can to squash the issue going on in Iraq.  I’m going to be curious to see who it is they support whether it is a Sadrist movement who…wants to make sure that the country is ran by the people.  Or are they going to support somebody like Maliki, a corrupt government, which is actually who the New World Order likes to have in power because they’re easy to control…

Clare – Dinar Guru  Article:  “A government advisor clarifies the possibility of submitting a law proposal that includes a financial aspect”  Quote:  “We expect the reserve to reach 100 billion if oil prices remain high until the end of the year,” explaining that “this figure will support the stability of the Iraqi currency.“

Nader – Dinar Guru  They know Kazemi and Saleh, they’re gonna stay in power at least for another year.

Samson – Dinar Guru  Articles:  1. “A major diplomatic meeting at the US Embassy in Baghdad…and revealed its goals”  2. “America reveals the meeting of 11 embassies to support Iraq”  Quote: “We support economic reform and a strong private sector that creates more job opportunities for the Iraqi people, more investment opportunities, and a prosperous Iraq,…”

Pimpy – Dinar Guru   Article:  “The governor of the Central Bank Discusses With The European Union The File of The Iraqi Economy”  Quote:  “The ambassador of the European Union praised the efforts of the central bank to remove Iraq from the European list of high-risk countries…”  So they’re still on the list and we will see articles from time to time in which Iraq is doing all the steps necessary to make sure they’re removed from the list…

Mountain Goat – Dinar Guru  So as foreign investors in the Iraqi dinar we sit and we wait to see what happens in the conclusion of this ongoing election saga. …you can clearly see that it is Nori al-Maliki who is keeping the issue of the president and the prime minister unresolved. He is the key to settling this election… He is the bottleneck…The World Bank tells us it is ready to support the reforms as in the White Paper. We know what this means but Iraq needs a government to do move ahead.

Nader – Dinar Guru  Next week they’ll come out and say, ‘Hey the reserve it’s at 90-95 billion now.‘  Be ready for that too.  The gold is going to go up by next week too…