Dinar Observer Daily

Militiaman – Dinar Guru  Article:   “The Arab Monetary Fund Holds An Interactive Workshop To Talk About The Experience And Interaction Of Participating Financial Institutions With The Buna Platform For Arab Payments”  Iraq is going to be one of the largest trading partners in the region and the re construction of the country is to be under way shortly... [Post 1 of 2]

Militiaman – Dinar Guru  They’ll need to get the exchange rate of the IQD internationally accepted and cleared. The new ATMs with currency recycling and mention of coins today are huge clues as to that Iraq is getting ready for internationalism by those two items alone a long with the AMF being ready for more currencies. The education is underway and gaining steam in Iraq.. All looks very good.. [Post 2 of 2]

Tivon – Dinar Guru  Al-Tamimi (Legal Expert) said the EFSL will enter implementation after 15 days regardless of any signature by the President of The Republic.

Petra – Dinar Guru  The EFSL is marching down a time controlled track.  And, we do not know if Saleh has signed the law or not.  Regardless, we are all in agreement that it becomes law 15 days from the vote.  So why has he not signed it?  Because…PM K and THE COM needed time to review all the contracts to insure when the deployment deadline hits…the EFSL can handle all the contracts, the CBI can defend the rate globally, And the secondary markets are protected as they begin to develop the Iraqi infrastructure.

Samson – Dinar Guru  Article “Al-Maliki flirts with Al-Sadr and offers cooperation”

Sandy Ingram – Dinar Guru   Iraqi law stipulates that when lawmakers resign from parliament their seats are to be distributed to the runner-up parties.  What this means is Iran ‘s Sunni influence in Iraq will likely grow considerably.  This may not be the best outcome for investors.  The runner-ups are Iran-backed supporters. 

Tivon – Dinar Guru  ...All the EFSL is waiting on  is the signature of Presidency Saleh. Not something still pending like the Gov formation…Al-Zamili said last week in a statement, (6 June 2022), that “this law is among the most important laws that, if enacted, will contribute significantly to tackling unemployment and creating job opportunities for young people, as it will guarantee them all pension rights and privileges.” This is the private sector Ladies & Gentlemen. How can this work without an exchange rate?

Pimpy – Dinar Guru   Sadr knows what he’s doing.  He absolutely knew by resigning was going to cause all kinds of issues for the Coordinating Framework…there’s a problem, they’re still trying to figure out how to get Sadr back along with his deputies.  This puts Sadr in a strong position of power…the Coordination Framework has to be freaking out.  Sadr is a lot more popular than people realize and he easily can cause an uprising…I think…he’ll come back only if he gets what he wants…

MilitiaMan – Dinar Guru   Article: “Maysani issues a book documenting Iraqi stamps and coins”  Timing if this being exposed is not by coincidence, imo. They’ll likely once they re issue a new exchange rate will have a need for coins, thus, the book would be expected to be updated to reflect this next historical move. [Post 1 of 2]

Militiaman – Dinar Guru  The Central Bank of Iraq has shown to the Central Bank of England new currency with a need for smaller increments to make change. That is in that they showed them the NSCNs…Then we saw the ATMs that have new innovative technology to recycle currency.  They roll out of the new exchange rate education is imo fully underway.  All while the EFSL has a time clock to be presented in the Gazette. I like what we are seeing. [Post 2 of 2]

Mountain Goat – Dinar Guru   …After my conversation with…my contact in the Central Bank of Iraq (CBI)… I still firmly believe that this is the year to see the reinstatement of the Iraqi dinar. I was told the target is still by end of June…With the reinstatement to FOREX the goose that is laying the golden eggs of corruption money will end since the currency auctions in the capacity of today will also end…I was told that this is sooooo close (and I mean so very close) to the event...

Militiaman – Dinar Guru  Article:  “Extensive praises to the Customs Authority after implementing the ‘Automation’ system”  The borders are ready for the CBI to show case the rate…Imo We are in a worldly place now…

Samson – Dinar Guru  Article:  “The World Bank warns of the impact of the delay in forming the government and approving the budget on the growth of Iraq’s economy“

Nader – Dinar Guru  I’ve been reading a lot, ‘my opinion’, ‘my experience’, ‘my…’ Nobody has an opinion in this, nobody has ‘experience’ of this besides the CBI.  The CBI knows everything…it’s not the IMF.  It’s not the World Bank who’s going to make decision…The CBI will make this decision.  They would say, ‘Hey, we’re losing money.  We have to change our rates and we’re going to change our rate.’  That’s it.

Sandy Ingram – Dinar Guru  Article:  “Iraq’s oil revenues rose to 11.4 billion dollars in May”  We were so busy with Iraq’s government gridlock that we did not acknowledge oil revenue for May.  Iraq’s oil financial revenues in May of 2022 were 11.4 billion up 93% from May of 2021 where the oil revenue was $5.9 billion…paid in U.S. dollars for last month’s oil revenue.

Tivon – Dinar Guru  The 2022 General Budget…is for “New Projects”. The Food Security Law” is for stalled ongoing projects that was never spent in the 2021 Budget…That’s why they also stated that the 2021 budget was supposed to raise the value of the dinar. Since it didn’t they will just use the FSL to and whatever money is left over in the FSL will also be put in the 2022/2023 budget.

Pimpy – Dinar Guru  Here’s the deal.  They offered Sadr to come back into the government.  They encouraged him and his deputies to come back into the government.  Sadr turned them down…the word is he has turned them down.  It’s a no.  Sadr is not coming back.

Mountain Goat – Dinar Guru   Article:  “THE WORLD BANK: THE GROWTH OF IRAQ’S ECONOMY IS LINKED TO THE FORMATION OF THE GOVERNMENT AND THE APPROVAL OF THE BUDGET”   a report issued by the World Bank, on Wednesday, warned of the impact of the delay in forming the government and approving the budget on the growth of Iraq’s economy. The growth since 2021 was supported by a strong expansion in non-oil production, especially in the services sector.  [post 1 of 2]

Mountain Goat – Dinar Guru   Quote:  “Iraq has a unique opportunity to undertake urgent and wide-ranging structural reforms”. We know that many of these reforms to completion in the White Paper can not occur without the one reform we all want to happen. This is the currency reform. …we heard almost these exact words from Dr. Sinani Shabibi back in 2014 in his news conference. He talked about the proposed “go-ahead” for the reinstatement of the dinar in early 2013… So, this time we are in is yet another “unprecedented opportunity” for Iraq says the Word Bank in the article today. [post 2 of 2]

Tivon – Dinar Guru  Article:   “World Bank: Iran’s economy is the fastest growing in the world”  Remember what Iran announced…They want to introduce their currency on the exchange markets.  Why did they announce this before Iraq?  Iraq has the oil contracts… This surprised Iran because it wasn’t supposed to happen.  Nobody knew Kurdistan was going to be forced to sign that over. Out of all the years we have been in this investment Iran never pulled something like this…

Samson – Dinar Guru  Article: “World Bank: Iran ‘s economy is the fastest growing in the world”. Quote “The World Bank announced that the annual growth rate of the Iranian economy this year has reached three and seven percent, which will constitute its highest level in the global economy for this year.”

Tivon – Dinar Guru  If they said the 2021 Budget…was supposed to “Raise The Value of The Dinar” and that they will empty the 2021 Budget and put all the money in the “Food Security Law” what do you think the FSL will do for the Dinar if Mazhar Muhammad Saleh stated it will move the wheel of the economy? Raise The Value of The Dinar right? Keep in mind that the Oil & Gas Law is in the FSL. What’s makes up 90% of Iraqs revenue? Oil. IMO

Nader – Dinar Guru  Article:  “Diebold Nixdorf has announced that Al Qurtas Islamic Bank is the first to reply its DN Series ATMs in Iraq”   Everybody’s talking about the new ATMs.  They’ve been installed, yes.  Yesterday morning I was at the bank and I said (to myself) ‘Maybe ATMs gonna be new small categories...’  Well not this morning.  Took some money from it and it’s same money.  It’s a 25 and the 10 and the 5 thousands.

Sandy Ingram – Dinar Guru  Article:  “Nearly $700m Stolen From Iraq State Banks” …A total of 926 billion Iraqi dinars equaling $697 million U.S. dollars went missing due to forgery, embezzlement, manipulation, money laundering and abuse of position…yes, people are going to prison.

Tivon – Dinar Guru   Iran just told everyone what they are about to do with their currency. You think Iraq will just sit idly by while the Iranian Rial is performing in the currency market appreciating in value without reinstating prior or right after when they also have the means to do it now thanks to the FSL?

Pimpy – Dinar Guru  You can literally call your local bank or get a hold of any bank that handles exchanging of currency…They can answer any question.  Don’t bring up the Iraqi dinar.  They’ll just say they don’t do any buying or selling of the Iraqi dinar but just talk about how it works in general.  Just say, ‘Hey if I want to go to ‘Afoosistan’ what do I do?’  [Post 1 of 2]

Pimpy – Dinar Guru They’ll tell you, ‘Well, we’ll find out what the exchange rate is.  You come in buy x amount of dollars of it, you give us the US dollars, we’ll give you the foreign currency and when you get back you’ll exchange it back the other way.”  There’s no magical handling of the currency.  Iraq is no different.   [Post 2 of 2]

Tivon – Dinar Guru  Question: “totally confused so if no budget needs to be approved! When will the rate change?”  FSL is acting as a budget (Financially) until one is approved …They do not need the budget to allocate any funds, the FSL will do that. So when they release a rate it will be because of the forecasted input/output of the Overall GDP that influence what price they decide to come out at….Let the CBI do their job because it’s them who will release the rate…

Pimpy – Dinar Guru  …Sadr resigned.  Him and all his deputies…What does this means for Iraq? …I really felt Sadr was going to win in this game of chicken…all I know is there are a lot of corrupt people in this Coordinated Framework.  They are all Iranian-backed politicians.  This is not good for the Iraqi people…I still hope some good comes out of this…

Militiaman – Dinar Guru   We are so seeing the Monetary Reforms on Steroids. The best is yet to come and IMO it is coming without delay now.