Dinar Observer Daily

Pimpy – Dinar Guru  Community Comment: “Iraq just got licensed for foreign currency exchange.”  Back in 2004 they were licensed for this but there was a shitload of restrictions…A lot of those restrictions are being lifted.  This is really good news for the Iraqi dinar...If being on the SWIFT system is the ‘football game’, this step right here is you’re in the warmup before the game.  It’s really good news.  That’s something Iraq needed.  They’ll warm up a little bit with this…This is going to bring a lot of liquidity into the country.  What they’re telling people is Iraq is getting ready to step in and start becoming a big player with the big dogs.

Mountain Goat – Dinar Guru  Article:  “I WANT TO SPREAD AWARENESS ABOUT ELECTRONIC PAYMENT? READY TO USE IT?”  …we can interpret these electronic debit cards as yet another move by Iraq to open up to the rest of the world…yet another move out of the sanctioned – mode that Iraq has been in just occurred. Thus they are joining the world stage again but bigger and better this time…

Samson – Dinar Guru  Article: “Iraq exports goods to China worth about $30 billion in just 9 months“

Militia Man – Dinar Guru  The reconstruction of a war torn country is massive…If you’ve been invested in this for a long period of time and done your research you know back in World War II we had Germany, Japan, what happened to those countries?  They got destroyed, sadly, but…they build them back to powerhouses.  Iraq’s going to be another powerhouse…The Development Road is going to support that.  It’s going to be huge.

Mountain Goat – Dinar Guru  We must remember that the RV is not an event by itself that will just happen someday but it is a byproduct of the reforms…It can not happen without the reforms and one of the reforms (besides all the banking, insurance and stock market reforms) is the currency reform. The Project to Delete the Zeros will begin the final stage…if these strategies are completed the likelihood of seeing the IQD on FOREX again is extremely high. I believe it is inevitable…When it is time, it will be on FOREX and with the kind of rate we all anticipate. Today the IQD rate in the Quantum Financial System (QFS) is $3.96. When they decide to allow the IQD back on the exchanges, the rate will be mapped over to the exchanges from the QFS.

Samson – Dinar Guru   Article:  “Parliamentary Finance: The government is working on preparing the basics of the 2025 general budget to present it to the House of Representatives”

Militia Man – Dinar Guru  Taking a country to international level is going to be a major major deal.  It’s going to take a lot of time still but they’re going to have to get started.  They’re going to have to go international to get it going.

Clare – Dinar Guru Article: “Al-Sudani: $100 billion is the size of investment opportunities in Iraq”  Quote: “Iraqi Prime Minister Mohammed Shia al-Sudani confirmed that the investment opportunities available in Iraq exceeded $100 billion in value, pointing to the expansion of economic cooperation between Iraq and Egypt.“

Pimpy – Dinar Guru   Article:  “Credit Bank of Iraq achieves a profit of 20.4 billion dinars”  This article is definitely a very good one for those of us who are invested in the Iraqi Stock Exchange…I only anticipate the bank stocks going up more and more…They might be some of the fastest growing stocks in Iraq.  The reason for that is because they keep expanding on the banks, putting them through reform...All that’s going to do is drive up the value of the stocks…

Sandy Ingram – Dinar Guru  What is the WTO and why does it matter?  The World Trade Organization is an international group that helps countries trade with each other fairly and efficiently.  Joining the World Trade Organization will help Iraq grow its economy by making it easier to buy and sell good with other countries.

Samson – Dinar Guru  Article: “Al-Sari: The population census guarantees fair distribution of wealth and parliamentary representation of the governorates“

Militia Man – Dinar Guru This is October 2024 and they still have yet to expose the 2024 investment side of the budget, yet they’re talking about the 2025 budget now. [The 2024 budget] adjusted amendments haven’t been published in the Gazette just yet.  Hopefully they’ll expose that at any time.

Mountain Goat – Dinar Guru   Article:  “IRAQ INCREASES RESERVES AT IMF BY 50%”  Quotes:  “A meeting of the Iraqi Cabinet this evening approved an increase in Iraq’s quota at the International Monetary Fund (IMF) by 831.9 million Special Drawing Rights (SDR), equivalent to 1.45 trillion Iraqi dinars [$1.1 billion] based on the exchange rate as of October 8, 2024.”;  “SDRs represent a weighted basket of major international currencies, and can be held as part of a country’s foreign exchange reserves.  Adding SDRs to a country’s international reserves makes it more resilient financially.”  Iraq could not be granted SDRs unless it was member of the IMF.  Did they move to Article 8 already? That is the question we seek. I believe they have with this sizable SDR..

Militia Man – Dinar Guru  They’re preparing because they’re going to have much of [the three zero currency] they weren’t able to get off the street back coming into the banks.  But what are they going to need for those folks that held that money…?  The project to delete the zeros is going to bring value.  It’s going to bring purchasing power…

Samson – Dinar Guru  Article: ”China dominates the Iraqi market: exports exceed $65 billion in 2024!”  Quote:  “Chinese Customs Authority indicates that China continues to strengthen its economic dominance in Iraq…”

Sandy Ingram – Dinar Guru   Here’s why joining the World Trade Organization is so important.  The WTO can open the door to new business opportunities, attract more investments, and create jobs.  It’s a major step towards boosting Iraq’s economy and connecting with the world.  Iraq’s Trade Minister…just announced Iraq is back at the negotiating table working towards becoming a member of the WTO… [I’ll] keep you updated on Iraq’s WTO progress…

Sandy Ingram – Dinar Guru   Here’s why joining the World Trade Organization is so important.  The WTO can open the door to new business opportunities, attract more investments, and create jobs.  It’s a major step towards boosting Iraq’s economy and connecting with the world.  Iraq’s Trade Minister…just announced Iraq is back at the negotiating table working towards becoming a member of the WTO… [I’ll] keep you updated on Iraq’s WTO progress…

Samson – Dinar Guru  Article: “Blinken in the Middle East next Tuesday”  Quote:  “US Secretary of State Anthony Blinken will arrive in the Middle East next Tuesday, on a new tour“

Militia Man – Dinar Guru  You have Al-Sudani calling on the House of Representatives to vote in their president.  The optics of them having 3 presidencies available all at the same time when/if…they revalue their currency is a pretty big deal.  The optics would really look good globally.  You got a strong foundation…security and stability at the borders… knocking on the door of the WTO…the TIR contract they signed days ago…international agreements.  Everything is gearing up for what? Iraq going international.

Clare – Dinar Guru   Article:  “Economist: Development Road Project Will Provide Iraq with Great Investment Opportunities”  Quote:  “The “Development Road” project consists of land and railway roads extending from Iraq to Turkey and its ports, with a length of 1,200 kilometers inside Iraq, and aims to transport goods between Europe and the Gulf countries“

Militia Man – Dinar Guru  The Development Road Project is going be massive.  It’s going to create an environment that’ll be seen for many decades long after I’m gone.  I’m sure of it.

Clare – Dinar Guru  Article: “Kurdistan Finance Deposits More Than 77 Billion in Non-Oil Revenues into Baghdad Treasury”   Quote:  “This amount represents the share of the general federal treasury from the non-oil revenues of the Kurdistan Region of Iraq for the month of June.“

Sandy Ingram – Dinar Guru   The average cost of living for one person in Iraq is $754/month.  This amount includes rent therefore when Iraq creates a safe environment hundreds of thousands of travelers could easily spend $2,000 a month on average in Iraq.  To understand how tourism can help change a country’s GDP you only have to look at Mexico.

Clare – Dinar Guru  Article: “Counterfeiting currency in Iraq.. Is the responsibility of the Central Bank or the government?”  Quote: “Two printers used in counterfeiting operations were also seized, as well as a yellow Renault wheel used in distributing counterfeit currency,” she continued, stressing that “legal measures were taken against the accused, and it was proven through the investigation that there is a person residing outside the country who visits the home of one of the accused from time to time and brings new and modern editions of counterfeit currency, which are distributed in Baghdad and Basra through one of the accused who has a relationship with one of the arrested accused“

Militia Man – Dinar Guru  Article Quote:  “The Trade Bank is opening depository accounts for deposits only…”  That’s the kicker right there… They’re enticing the people to come in bring in their hoarded money…Why are they creating bank branches specifically for bringing in deposits?  That’s the hoarded money…If they’re going to get it out…what’s the incentive?  Why bring all your money in at 1310? …They’re going to need incentive and I think the real effective exchange rate is going to be that incentive…

Mountain Goat – Dinar Guru   Finance Minister Taif Sami Mohammed stressed the need “to adhere to timetables to achieve economic reforms”.   Yes, Iraq is on a timetable, and I don’t think they are going to mess this one up under Al-Sudani as they have in the past.

Militia Man – Dinar Guru  Those people [Who have ‘hoarded mattress dinars’] are expecting the stock market to run big time when they change the value of their currency based off of a Real Effective Exchange Rate based off real assets, non-oil [revenue].  That’s what’s in focus right now.  It’s phenomenal.  This is a good sign of things to come.

Samson – Dinar Guru  Article: “Salaries will be delayed.. Fundamental changes coming to the Iraqi monetary and financial system“

Clare – Dinar Guru  Article: “Financial Advisor: Increasing Iraq’s IMF Share Is a Step to Strengthen Dinar Stability”  Quote:  “The Prime Minister’s Advisor for Financial Affairs, Mazhar Mohammed Salih, confirmed today, Saturday, that increasing Iraq’s share in the International Monetary Fund represents an important step in confronting the economic challenges facing the country and stabilizing the value of the Iraqi dinar. He explained that this increase constitutes an effective tool against exchange rate fluctuations and inflation problems, and contributes to enhancing investor confidence in the Iraqi economy.“

Militia Man – Dinar Guru  The evidence is abundant.  Iraq is finalizing her reforms.  With what?  The support of American partnerships especially with large economic reforms and financial aspects in Iraq…These things are going to be linking the East to the West and they told you, via what?  Iraq’s Development Road Program.  They’re going to need the freedom of capital movement.  That’s going to be the Real Effective Exchange Rate.