Dinar Observer Daily

Samson – Dinar Guru  “Prime Minister’s Advisor Announces Increase in Non-Oil Revenues Compared to Previous Years“

Militia Man – Dinar Guru  Non-oil revenues is going to increase…It will enhance the value if they’re not just basing their value on oil, which is massive. 

Samson – Dinar Guru  Article ”Eight months of waiting: The Iraqi budget is held hostage on the shelves“

Clare – Dinar Guru  Article: “Oil Minister: I expect gas reserves to increase to more than 200 trillion cubic feet” Quote “Oil Minister Hayan Abdul Ghani confirmed…the gas reserves achieved in Iraq amount to 128 trillion cubic feet and it is expected that these quantities will increase to more than 200 trillion cubic feet through these areas spread in the western region, which, by investing in them, will achieve self-sufficiency in gas and perhaps Iraq will turn into a country exporting gas to the countries of the world...We are about to go to the United States of America to present these exploration areas to specialized  American companies with the aim of investing in these areas and sites.”

Nader – Dinar Guru  Whatever who told you…the small category has been released and all that, not yet.   That doesn’t release it in one part of the country.  The whole country work the same thing.  They whole system the same.  When they release, they release it to all banks…

Militia Man – Dinar Guru  One of the hopes is Iraq is going to try to work with other countries in the region to defend their currency.  They’re going to try to keep it as stable as they possibly can.  Having flexibility to the exchange rate so they can move it a little bit here and there so they can inject money, take money out or buy and sell the dinar etc is something they’ve got on their mind.

Samson – Dinar Guru  Article “Oil Minister: I expect gas reserves to increase to more than 200 trillion cubic feet“

Clare – Dinar Guru  Article: “Oil Minister reveals upcoming visit to US to discuss gas investment file”  Quote: “The Ministry of Oil plans to offer these gas investment opportunities to specialized companies, and we have a visit to the United States soon for this purpose, as we plan to offer them to international American companies.”

Sandy Ingram – Dinar Guru The Iraqi Ministry of Finance revealed…the country’s financial revenues in 5 months surpassed 54 trillion dinars, approximately $41.3 billion.  Wow.  Data released by the Finance Ministry for the months of January, February, March, April and May 2024 showed oil exports are still the main resource for Iraq’s general budget representing 89%…Non-Oil revenues were 6.78 trillion dinars, approximately $5.2 billion…

Militia Man – Dinar Guru  Article: “After the success of the recent negotiations in Washington…the Central Bank succeeded…in diversifying the basket of commercial currencies.  Indicating this will lead to a significant decrease in the demand for the dollar...This meeting with…the Central Bank of Iraq…US Federal Reserve and US Treasury, which lasted for 3 days…”  Commercial currencies with the Iraqi dinar.  They’re not going to do that at 1310…When things change everybody’s going to be ready to do business with Iraq.

Samson – Dinar Guru  Article  “Oil Minister reveals upcoming visit to US to discuss gas investment file“

Clare – Dinar Guru   Article: “Oliver Wyman Company and lifting sanctions on banks banned from the dollar ”  Quote:  “A firm like Oliver Wyman can therefore help sanctioned Iraqi banks understand the sanctions imposed on them, work on strategies to mitigate their impact, and even help remove these sanctions in some cases.”

Militia Man – Dinar Guru  Article:  “Al-Mashhadani announces the approval of the majority of deputies to his nomination for the post of Speaker of Parliament”  Now it is waiting for a vote. Let’s see how long that takes…I do believe the optics of having all three presidents in place when they fully open the doors to the world with their real effective exchange rate, will or would be well accepted globally.  Investors would likely see it as security and stability.

Mountain Goat – Dinar Guru   Article:  “GOVERNMENT ADVISOR EXPLAINS THE POSSIBILITY OF USING THE DINAR INSTEAD OF
THE DOLLAR IN OIL SALES”  This is a…VERY good article in that it talks about the risks associated with pegging the dinar to oil prices…Instead they plan to repeg to a “basket” of international currencies from the top developed nations. This much less risky and is much more stable. Besides this is the Dr. Shabibi and IMF plan for Iraq.  Article Quote:  “Will it be a fixed exchange system supported by foreign reserves or will it be a flexible exchange system in which the (petrodinar) changes with the change in oil prices?”   I luv this…it reinforces again they are NOT going to peg the dinar to the price of oil... Nonetheless this…tells us they know they must do something and do it soon!

Militia Man – Dinar Guru  The Development Road Project is going forward whether you like it or not.  Iraq is going International, they just haven’t yet.  They’re not on the Forex but are they going to be there?  I think they’re going to be there…quite soon.

Clare – Dinar Guru  Article:  ”Dollar prices continue to decline against the dinar in Baghdad markets”   Quote:  “The selling prices in the exchange shops in the local markets in Baghdad recorded a decrease, as the selling price reached 149,750 dinars, while the purchase price reached 147,750 dinars for every 100 dollars“

Kaperoni – Dinar Guru   We have to hope that the Central Bank of Iraq continues to accept the guidance and directives from the IMF. Doing so would allow the currency to rise gradually over time as the economy grows.

Sandy Ingram – Dinar Guru  …Important reason the IQD is not on the Forex Market is that the Central Bank of Iraq has implemented certain restriction on the exchange and trading of the Iraqi dinar, making it less accessible for Forex Traders…Will the CBI change these restrictions and allow the IQD to be traded in the Forex market?  [We] do not have an answer to this question.  We hope so.

Militia Man – Dinar Guru  Article:  “…secure a sustainable water future, develop irrigation systems, and address the impact of climate change on rivers, ‘without disclosing its financial cost’.”  Why in the world would they not disclose the financial cost? …If they told you it was going to be at 1310, would they be telling the truth?  Probably not…They’re not willing to tell you what the value of the currency is...What is Iraq supposed to do by law, commercial business, in what?  The dinar.  They’re not willing to tell you how much it’s going to cost.  I think that’s a hint…Sustainable water for the future is most definitely going to be an issue.

Clare – Dinar Guru   Article:  “Central Bank of Iraq on ‘unannounced’ visit to America”  Quote:  “that a delegation from the Central Bank of Iraq, headed by the Governor of the Central Bank, Ali Al-Alaq, and a number of general managers, have been visiting the United States of America since the 26th of this month, to discuss developments in the banking sector and the restrictions on the use of the dollar imposed on a large number of private banks.”

Militia Man – Dinar Guru  How do you value a country?  What’s it based off of?  Their resources, right?  You got to do a collective analysis.  You have to value it.  There’s been people as far back as 2003/2004 that worked on a feasibility study on the country of Iraq.  One of those people was in Central Coast California.  I know that for a fact because I wrote a letter to
the gentleman that wrote the feasibility study…We’ve been watching it ebb and flow ever since…I didn’t get involved until about 2010…The IMF…198 page document that showed $3.22, I went, wow, that’s what they potentially could reinstate at?  I’m like wow.   Okay, now it’s time for me to pay attention.  That’s why I’m here.

Militia Man – Dinar Guru  There’s consequences if you don’t play by the rules.  Nothing wrong with playing by the  rules.  I suggest you do that.  If you make a whole bunch of money and you have taxes, pay them.  I’m looking forward to paying my  taxes…catching up…I don’t know how many of you folks got hit by 2008.  I’m telling you I know I did…Be cautious…Get  professional advice…Get sound advice.

Kaperoni – Dinar Guru  Article: “Government advisor explains the possibility of using the dinar instead of the dollar in oil sales”  Interesting quote from Salih in that article… Quote:  “The strength and stability of the Iraqi dinar will remain linked to the factors of real growth and diversity in the national economy,“

Militia Man – Dinar Guru  There’s no inflation so there’s not going to be a lop…They’re going to add value to their currency.  Why?  Because they have valuation.  

Clare – Dinar Guru Article: “Al-Sudani to Al-Sisi: Iraq is capable of being a meeting place for the countries of the region“

Militia Man – Dinar Guru   Iraq has some of the largest deposits of phosphates and sulfur…massive world class gold supply…rare Earths…liquid natural gas and they have…tourism… They all generate income… The Development Road Project…you’re going to find taxes and tariffs at the borders.  There’s going to be a lot of revenue, a lot…Back in Saddam Husain era [the dinar] was around $3.22.  It may have been considered a little bit overpriced, should have been more about $2.80…It’s at 1310 right now!  There’s a big difference.  Now you have to add all those things I just mentioned.  The valuation of a country.  That’s what they have to do… Sudani wasn’t lying when he said the dinar is going to be stronger than the dollar…

Militia Man – Dinar Guru  Obviously the budget is going to need to have an exposure of an exchange rate.  After all these months, 8 months, 9 months, 10 months, why haven’t they gone international at 1310?  Why haven’t they been put on the Forex at 1310 so they can…pay for all the roads, pavement, buildings, schools and try to find investors to physically come in with not a freedom of capital movement?  I don’t think they’re ever going to be able to do that without having a Real Effective Exchange Rate.

Fnu Lnu – Dinar Guru   With the RV drawing near, the crazies are coming out of the woodwork…First of all, The redemption centers ARE the same as the banks. They are merely off premises due to an expected increase in traffic. They are not separate entities. Secondly…”The Law of One Price“…states an instrument cannot be sold in different markets at different prices. In other words, the “redemption Centers” (banks) are NOT going to offer you an exchange rate three times what the “Banks” give you. IT IS ILLEGAL! The rate will be the rate no matter where you go. The only thing that may differ is the percentage of the fee.  This fee is usually 2% but that isn’t etched in stone.

Breitling – Dinar Guru   I went from I believe in this 100% to I’m on the fence.  I still think it’s going to happen but these guys need to watch their shit because we’re not screwing around.  Do you understand how big these moves are that we’ve made?   …We’re financially containing our enemies in the Middle East and doing our best to help our friends flourish in the same region.  That’s a tough juggle…We’re going to penalize Iraq…I haven’t jumped ship yet…

Militia Man – Dinar Guru   Article  “Iraq is the 9th largest buyer of gold in 2024“  If they clawed back enough money to help buy 100 tons of gold, man, there’s been some heavy, heavy corruption.  I’m assuming their recent income from non-oil revenues has had something to do with it as well.