Dinar Observer Daily

Frank26 – Dinar Guru  Sadly some think they are entitled to this RI.  No.  You are blessed to be involved in it nothing more…It doesn’t belong to you…you were invited to be a part of a rate of return but this whole monetary reform is for Iraq.

Clare – Dinar Guru  Article:  “Deputy for the law: The Sudanese are facing a difficult economic test, and we will press to reduce the dollar”  Quote:  “The representative of the State of Law coalition, Aref Al-Hamami…revealing the collection of signatures to pressure towards reducing the exchange rates of the dollar.“

Samson – Dinar Guru  Article 1:  “Officially.. Postponing the session of granting confidence to the Sudanese government until next Monday”  Article 2:  “President of the Republic : The government will be formed in the middle of next week“

Militiaman – Dinar Guru  Article: “The Deputy Minister of Finance participates in the monetary and World Bank meetings and stresses the comprehensive development”  Here we have the Deputy Finance Minister in meetings with the International Monetary Fund, World Bank and the United States Treasury…All of this comes at a time when the new President and Prime Minister are elected and open to an exchange rate...There are no coincidences in this happening now. They are stressing over the issue!! They clearly have a need for the private sector to have support from everyone once they activate the new exchange rate.

Mountain Goat – Dinar Guru   …there is no other reason for not reinstating the dinar other than it is being artificially suppressed for a reason…I know with the utmost certainty that the Central Bank of Iraq cannot and will not just pop out an RV someday by total surprise at a significant rate that we want in Iraq or outside of Iraq, without first completing the currency changeover from the larger 3 zero notes to the lower of the lower denominations and coins. It is really that simple!   …We know the smaller notes are printed and the coins minted…

Militiaman – Dinar Guru  Article: “Deputy for the law: The Sudanese are facing a difficult economic test, and we will press to reduce the dollar” The collection of signatures is being applied to pressure in reducing the exchange rate of the dollar whereby increasing the value of the Iraq Dinar… Interesting again the mix the seating of the cabinet in with the exchange rate and the adoption of the oil and gas law…The needs of the citizens are front and center, as the oil revenues must be distributed equitably to all provinces. ~ All very timely and to the points…

Breitling – Dinar Guru  Question: “What’s the latest out of the Central Bank of Iraq?”  The Central Bank of Iraq is pushing… legislature and banks to be Swift compliant.  That’s it.  That’s the language coming out of the CBI.  They have one goal and one goal only.  Remember at the very beginning the Ministry of Finance, the Ministry of Planning and Parliament… went to the CBI and said, ‘Can you manage and get our currency back to around the $3 range?‘  Then all 4 of those entities went to the IMF and said, ‘…Is there a path to where we can get…our currency back to $3+?‘  It has never changed.

Pimpy – Dinar Guru  If you remember there was an article, it was expected that Iraq would lock in the rate that we have now 1450 dinars for every $1…for five years.  With this new government taking over I don’t think that’s going to happen.  I think the first step you’re going to see at the very least is a reinstatement of the 1190 dinars for every $1…

Samson – Dinar Guru  Article:  “A new currency will be introduced soon … What is the economic feasibility of it?”  Quote: “Iraq intends to introduce a new currency on the market soon…the Governor of the Central Bank of Iraq, Mustafa Ghaleb Mukhif, revealed an intention to present a banknote of 20 thousand dinars, while confirming that the bank has a project on raising zeros from the currency, but it needs to issue a law, especially since Deleting zeros affects the trade balance.”

tlm724 – Dinar Guru   Article:  “Iraq Ranks First In The Arab World… The 10 Fastest Growing Economies In The World”  Iraq was the fastest growing Arab country, as the gross domestic product accelerated by 9.3%, and ranked second in the world during 2022, followed by Kuwait and Saudi Arabia in the fourth and fifth positions globally, with a growth rate of 8.7% and 7.6%, for the current year.

Frank26 – Dinar Guru  Article:  “Economist: The new government has a golden opportunity to reduce the dollar exchange rate”  THERE IS A DIFFERENCE BETWEEN REDUCING THE EXCHANGE RATE AND CHANGING THE EXCHANGE RATE!!! YOU CANNOT CHANGE THE US EXCHANGE RATE  BUT YOU CAN REDUCE IT!  Quote:  “The increase in oil prices and cash reserves will enable the new government to gradually reduce the dollar exchange rate during the next stage” THIS IS THE FLOAT… NEXT STAGE.

Militiaman – Dinar Guru  Article “Find out when the new president will receive the keys to the Peace Palace ”  Well well well.. They are on the move. The new guy gets his keys to the Peace Palace Sunday… Will that include a sovereign currency too? We shall see. It sure is timed accordingly.

Pimpy – Dinar Guru  It doesn’t appear that Sadr is upset with what’s going on so we shouldn’t hear anything from him or his people and it looks definitely like Iraq is on its way to establishing the government and finally passing the budget and doing what they need to do to get back on track…

Samson – Dinar Guru  Article:   “For the first time in its history, bank deposits in the Central Bank approach 180 trillion dinars”  Quote:  “the rise in local banks’ deposits with the Central Bank and their exceeding the barrier of 40 trillion dinars indicates the improvement in the level of financial inclusion in Iraq, which contributed to increasing the monetary assets of banks and depositing them with the Central Bank…”

Militiaman – Dinar Guru  The new government spoke directly about announcing his cabinet within two weeks and address the exchange rate. The man has hit the pavement out of the the gate..  The UN is likely to have had a word with him, as would the Ambassadors of the USA, Canada, Japan, Norway, Europe, etc.. All currencies have been under extreme pressure lately and the meetings in Baghdad the other day must have been an event of all events. The immediate rate at which the new PM spoke is very telling and supports the idea his collar was tapped…

Clare – Dinar Guru  Article:  “Economist: The new government has a golden opportunity to reduce the dollar exchange rate”  Quote “…and raise the value of the Iraqi dinar, pointing out that all conditions are prepared for this measure.”

Sandy Ingram – Dinar Guru   Abdul Latin Rashi was elected President in the second round of voting.  He quickly then appointed Muhammed Al-Sudani as prime minister, giving him 30 days to form a government.  

Kaperoni – Dinar Guru After almost a year since the election, Iraq has decided to compromise and form a government. Iraq has sworn in a new president today Abdul Latif Rashid.  This new president has chosen a prime minister and designated him to form a government Muhammad Shia Al-Sudani.

Breitling – Dinar Guru  Community comment  “It’s been over 20 years and they’re still having problems in their parliamentary and in their government positions.”   Watch the fundamentals…policy-wise.  Then it makes sense.  It’s not 100% it’s 110% that they’re gonna add value to their currency.  But it’s not a get rich quick scheme…

RVAlready – Dinar Guru   Article:  “Iraq Elects New President and New Prime Minister Today!”  In the end, all it took for Iraq to get its act together was a threat by the UN to take over the government...All we need now is word from the CBI to begin exchanges. The CBI is unlikely to expose the date or give a back wall. They will just spring it on us.

Dinar News Flash –  It appears Iraq’s parliament voted in a new president and the new president selected the new prime minister.  Things are moving extremely quickly.  The new Prime Minister has 30 days to form a government.

Clare – Dinar Guru  Article:  “Al-Kazemi congratulates Abdul Latif Rashid on his election as President of the Republic“.  NOTHING IS OFFICIAL UNLESS THERE IS A VOTE OF CONFIDENCE ON THE PM DESIGNATE AND IF NOT THEY HAVE TO NOMINATE SOMEONE ELSE.  SO WE NEED TO WAIT & SEE HOW IT DEVELOPS…

David M. Witty – Dinar Guru  Iraqi Parliament elects Abdel Latif Rashid as new president of the republic. Rashid to nominate Mohamed Shiya Sudani as new PM.  In Iraq, PM designee Mohamed Shiya Sudani: I will form my new government in the shortest time possible.

David M. Witty – Dinar Guru  Iraqi parliament vote for president of the republic is between 2 candidates, Barham Salih, the current president, and Abdel Latif Rashid, a former minister.

Clare – Dinar Guru  Article:  “A parliamentary source reveals the number of votes required for a presidential candidate to win”  Quote:  “the first round of secret balloting, if the candidate gets 220 votes, then he will go to a second round between the first and second winners, and whoever gets the highest votes will win the position of the presidency…In the second round, any candidate who gets more than 165 votes will be the president of the country.”

Clare – Dinar Guru  Question:  “the 26k note will be cancelled?”  THE 25K NOTE…NO, NOT AT ALL..THE NOTES ARE VALID THEY WON’T USE THEM IN COUNTRY.  THE NOTES WE HAVE WILL STILL BE ABLE TO EXCHANGE WHEN THE RATE CHANGES. IMO

David M. Witty – Dinar Guru  Iraqi Speaker of Parliament: the parliament meeting on Thursday will have one agenda item: electing a president of the republic.

Samson – Dinar Guru  Article:  “The judiciary releases Al-Maliki on bail after appearing in the leaks file” Quote: “Judge Jaafar al-Moussawi, announced…the release of the leader of the State of Law coalition, Nuri al-Maliki, on bail after appearing before the judiciary in the case of audio leaks.“

Mountain Goat – Dinar Guru  Article:   “THE CENTRAL BANK CLOSES THE DOOR TO CHANGE THE DOLLAR EXCHANGE RATE.. WHAT ABOUT THE PROJECT TO DELETE ZEROS?”  Quote: “the process of deleting zeros from the currency needs to legislate a law and requires some modifications, and the atmosphere must be available to accept such modifications,”  So, does the CBI need parliament approval?  …It clearly states in black and white that it does. [post 1 of 3]

Mountain Goat – Dinar Guru  I…know for a FACT that before the CBI will conduct the project to delete the zeros someday, it will have to get permission from the Finance Ministry thus the cabinet, to which writes the legislation and passed it on to parliament for debate and passing into law. The Finance Ministry is a ministry as part of the prime minister’s cabinet so the prime minister in charge will have a big say in it too. [post 2 of 3]