Dinar Observer Daily

Mountain Goat – Dinar Guru   Have they reached some sort of benchmark in the electronic digital banking reformation? Probably…it seems they have made so much progress. Also remember all this liquidity in the banks from the stashes and hordes of currency now being deposited… Please connect the dots and see the oncoming storm of prosperity coming to Iraq.  Remember that we investors partake in this wealth when it comes to Iraq, but only when it comes as a byproduct of all these reforms. Yes, when they finally move to FOREX… the plan and thus the execution of the process for the plan is moving forward nicely…it seems at a more rapid pace as we near the end of this year.

Sandy Ingram – Dinar Guru   A parallel market refers to the trade of goods or currencies through distribution channels that are not authorized by the original manufacturer or the official regulatory body…and is legal…A black market refers to the illegal trade of good and services that are either prohibited by law or sold to avoid taxes and regulations.  Iraq has serious currency controls and this automatically facilitates the black market…Iraqi citizens are banned from drinking alcohol, so yes the alcohol black market is probably huge.  Iraq has another black market product, oil smuggling.  [Post 1 of 2….stay tuned]

Sandy Ingram – Dinar Guru  Iraq is one of the world’s largest oil producers yet the country struggles with shortages in fuel supply.  The central bank vice governor said in March 2024 that Iraq is fighting a booming currency black market.  He made this statement…three months after it became illegal to use dollars in transactions in Iraq…Some economists propose a bold strategy to address these twin challenges by introducing currency flotation.  The would essentially remove the CBI’s peg to the dollar allowing the dinars exchange rate to be determined by market forces.  It appears the more controls a country has the more room there is for a parallel market or a black market… Post 2 of 2]

Clare – Dinar Guru   Article: “US delegation arrives in Baghdad to prepare draft for “indirect” negotiations with Iran”  Quote “America is exerting strong pressure through Iraqi mediators to conduct negotiations with Iran regarding the future of the region. It wants to adopt the principle of a single basket in resolving all issues, unlike Tehran, which believes that each issue is separate…“

Mountain Goat – Dinar Guru  Iraq is going to experience a “redenomination” of their currency meaning to execute the process of swapping out larger three zero notes for newer…lower denominations ...when you take money out of circulation…You cause deflation, which is revaluing your currency or making it worth more. There is also all the other assets and variables involved that will FORCE the system to bring back the dinar to its nominal value, finally. They are…doing this redenomination…to “normalize” their currency back to their “normal” denominations, as before the sanctions took place. They will also need a “normalized” rate and not this current “suppressed” rate…

Samson – Dinar Guru  Article: ”US Senate enters the line of pressure on the Central Bank of Iraq”  

Kaperoni – Dinar Guru   A country’s currency and its value is not a random act or an arbitrary number.  An exchange rate is based on a country’s GDP, economic success. Until Iraq diversifies their economy the dinar will remain weak.

Sandy Ingram – Dinar Guru  Iraq is a different country and has grown significantly since 2014, however we are concerned ISIS is not completely destroyed, as many would believe, [My] second concern is oil prices are set to go down in early 2025 because demand is expected to decrease.  Because Iraq relies heavily on oil prices for salaries for government workers [we] along with the IMF and the Iraqi Parliament are concerned this could affect Iraq.

Militia Man – Dinar Guru  What will have a profound impact on the global financial system?  …IMO…is them at least reinstating their currency to what it was before.  Going 1 to 1 isn’t going to cut it.  Going to a full-blown reinstatement would do that.   Also having a Real Effective Exchange Rate applied would do that.  That’s the type of profound impact I’m expecting… Sudani mentioned a couple of times that the dinar is stronger than the dollar.  Keep all that in mind.

Clare – Dinar Guru  Article: “The College of Administration and Economics at the University of Mosul holds its international scientific conference on ‘Development and financial and economic stability to restore confidence in the Iraqi dinar’”  Quote: “The conference aimed to highlight the role of economic policies in achieving stability and restoring confidence in the Iraqi dinar“

Samson – Dinar Guru  Article: “Launching of the activities of the international scientific conference under the slogan ‘Development and financial and economic stability to restore confidence in the dinar’“

Mountain Goat – Dinar Guru   Article:  “TRADE BANK OF IRAQ ANNOUNCES THE IMMINENT OPENING OF A CASH DEPOSIT CENTER IN KARKH”  I would definitely call it a “WOW!” article. So why am I excited today when I read this article? …they are now in the beginning stages of setting up these “cash centers” specific to collecting the stashed and hoards of dinars outside the banking system…this center receives all cash deposits only for all customers…  [Post 1 of 2…stay tuned]

Mountain Goat – Dinar Guru   Remember…the CBI needs to shrink the monetary mass by two-thirds (2/3)…it appears they are now beginning to bring in their hard currency to the banks for deposit…I was told [by my CBI contact] that this process is part of the Project to Delete the Zeros and her committee is now working with the banks to retrieve this hard currency…the Project to Delete the Zeros has begun…WOW! WOW! WOW!   [post 2 of 2]

Samson – Dinar Guru  Article: “Governor of the Central Bank of Iraq discusses with the German Ambassador enhancing the financial inclusion plan in Iraq and digital transformation“

Clare – Dinar Guru  Article Quote:  “Laying the foundation stone for the largest skyscraper in Baghdad”   “The Baghdad Municipality is proud to give approval for the first skyscraper in the heart of the capital, Baghdad, within the new Downtown complex of the city of Baghdad.“

Samson – Dinar Guru  Article: “Deputy Spokesman for the UN Secretary-General: Census results must be used for development“

Militia Man – Dinar Guru  Article: “World Trade Organization in Geneva 2024 was held on July 18th.”  That’s just a few months ago… Quote:  “The significance of this is it marked the formal resumption of Iraq’s accession  process to the WTO after a 6-year hiatus.”  They have intensified the bilateral negotiations for the accession…There’s a push now and they will need to be an internationally accepted currency in place ahead of the accession.

Mountain Goat – Dinar Guru  Article:  “IRAQ EXPORTS MORE THAN 54 MILLION BARRELS OF OIL AND ITS DERIVATIVES TO
AMERICA”   …the best part is that Iraq is now refining their own oil and selling not only raw crude oil exports but now running refineries to generate oil products (or derivatives) and exporting them too.

Breitling – Dinar Guru  What was it I was looking at very specifically in Iraq that gave me confidence that they were going to add value to their currency, outside of them just saying that’s what they’re going to do, Out side of it being an artificially inflation because the inflation was created by the amount of dinar they would print and mint And outside of their US dollar accounts, remember their oil is sold in US dollars and those funds are held in a federal bank in New York City?  So what was it that gave me confidence…?  ...My whole thing is trade and trade routes…You follow the trade routes, you follow where the wealth is at or potential wealth coming down the road.  That’s what I was watching.  You had trade coming down from India and going through Iraq…Iraq up to Turkey and Turkey to the European markets.  That’s what I had confidence in.  I knew that.  They had to put it together…

Militia Man – Dinar Guru  A new [financial] system that is fast and effect – digitally.  Hopefully they’re talking about they’re going to have to have an exchange rate to do that. A Real Effective Exchange Rate gets them across borders.  From here on out a different playing field, a digital playing field.  I think that’s where we are.  I think it’s really powerful information.

Clare – Dinar Guru  Article: “Al-Sudani sends a message to the US President: We are on the verge of a dangerous slide”  Quote:  “Iraqi Prime Minister Mohammed Shia al-Sudani said in a letter addressed to US President Joe Biden and the European Union countries, on Sunday, that the region is on the verge of a dangerous slide that could drag it and the world into ongoing wars.“

Militia Man – Dinar Guru  If you add up the oil, non-oil, tourism, all of the thing that’s where they’re going to be able to support the value of their exchange rate with a Real Effective Exchange Rate – Once approved by the IMF, Bank of International Settlements, The World Bank…This is really getting hot!

Kaperoni – Dinar Guru   Article:  “International Praise for the Central Bank of Iraq: A Model for Developing Strategies that Serve the Development of the Banking Sector“

Pimpy – Dinar Guru  Article: “Customs: Our revenues during 7 months of this year exceeded one trillion dinars”  This is awesome to see!  The crazy thing is, I remember in 2018-2019 this was one of those problem areas for Iraq.  There was a lot of illegal activities, a lot of bribing going on… Quote “the authorities hope the revenues will reach 2 trillion by the end of this year…”  That’s one hell of an increase…

Sandy Ingram – Dinar Guru   As of August 2024 the United States debt is $25 Trillion.  Income taxes…by the end of the year the US will have collected $5 Trillion.  The US government will spend $6.3 Trillion this year.  This means the government has overspent by around $1.9 trillion dollars.  The US is off budget…The government cannot lower its annual budget.  It will more than likely pursue higher inflation and we will have to survive this financial situation… The Untied States hold 35 billion Iraqi dinars.  An increase in value of the IQD will go a long way in paying down the US national debt…

Militia Man – Dinar Guru  World Bank Article: “Iraq has made progress in improving their business environment making it globally competitive”  The World Bank is telling you, the world, Iraq is globally competitive so they’re going to have to be Article VIII, Article XIV compliant with the IMF’s concerns when it comes to their exchange rate.   Is this a precursor to a move?  It sounds like it. 

Mountain Goat – Dinar Guru   I was also told to watch for yet more articles in the news about the project to delete the zeros but to be aware that ONLY the ones coming from her committee on this subject matter can be trusted. As you know my contact works on the committee from the Central Bank and it has been given the task of ensuring a smooth process. I was also told
that in late November or early December we will see the newer lower denominations and their pictures and features depicted on the CBI site. The ending of the currency auctions at the end of 2024 will also be signal to us that everything is moving correctly and we should see the IQD returned or reinstated back to FOREX in early 2025.

Clare – Dinar Guru  “2024 Census.. Planning receives 125 thousand tablets and stresses the confidentiality of citizens’ data” Quote: “The past few days witnessed the arrival of 125,000 tablets to the ministry, which will be distributed among researchers and enumerators in the governorates to conduct the general population census that will be implemented on the 20th and 21st of next November, noting that a curfew will be imposed on these days to facilitate the procedures of the census employees.”

Samson – Dinar Guru  Article: “World Bank: Iraq has made progress in improving the business environment, making it globally competitive“

Militia Man – Dinar Guru  Article:  “Central Bank Governor: New mechanism for financial transfers to Türkiye in euros launched” The amount of coordination that must be on going behind the scenes must be intense now.