Dinar Observer Daily

Samson – Dinar Guru  Article: “ ‘Theft of the Century’ Draws Transparency International to Baghdad“

Militia Man – Dinar Guru  Pay attention to what goes on in New York City in the next 24 to 48 hours…

Mountain Goat – Dinar Guru   Article: “IS IT TIME TO REMOVE THE ZEROS?”   Article Quote: “…with the use of electronic payment operations, the environment will be mature and acceptable for the idea of ​​implementing the decision to delete zeros, and the process will be automatic without the citizen feeling it.”  …the CBI wants this event to be almost transparent and smooth to the citizens…the solution is to digitize, then this will enable them to switch out the currency almost seamless to the citizens...They must implement the digitization program first in ALL banks… Iraq is optimistic in getting the electronic initiative completed sooner than later. They are not talking about years.

Militia Man – Dinar Guru  Article: “Iraq is the 9th largest buyer of gold in 2024”  They had 132 tons in 2023.  In 2024 they’re telling you they just bought 100 tons of gold this year.  Where did they get all the money for that?  …All of a sudden they have enough money to buy at…$2,500 an ounce? 100 tons?  You gotta go, what!?!  What does it do?  …What it does is it supports the value of their future real effective exchange rate...

Clare – Dinar Guru  Article: “To resolve the issue of banks “deprived of the dollar.” Al-Alaq will return to Washington soon“

Samson – Dinar Guru   “Economist indicates ‘solution’ ‘will lower’ dollar exchange rate“

Kaperoni – Dinar Guru  Article 1: “Is it time to remove the zeros?” Article 2: “Is Iraq heading towards printing new paper currency?”  These articles discuss a LOP…Iraq is converting to digital currency over time removing the paper money.

Nader – Dinar Guru  Community comment: “Iraq is not a safe country.”  Why?  United States a safe country?  When you look at Chicago, Philadelphia, New York and all that you think it’s safe?  Fear.  Everywhere it’s bad and good are everywhere…Tell you the truth it’s safer in Iraq than Chicago.  Visit the country and then judge.  You cannot judge because you heard something on the news or somebody told you something.  I was there two weeks ago.  I’ve been going back and forth.  My kids been going back and forth.  Everybody’s been happy.

Militia Man – Dinar Guru   Article quote:  “At this time there is no acute problem regarding cash liquidity”  There’s no need to print new currency…They’ve yet to do anything different.  They spent about $50 million in printing currency and it wasn’t triple zero notes.  There’s no reason for it.  You can’t spend $50 million while you’re burning up money to print new ones, especially if they were perfectly good.

Clare – Dinar Guru  Article: ”More than 100 tons.. Iraq is the ninth largest buyer of gold in 2024”  Quote:  “Iraq bought 100 tons of gold this year, coming in ninth out of the top 10 countries buying gold this year…as interest in buying gold is growing amid rising geopolitical tensions and economic fluctuations…The precious metal hit an all-time high of $2,531.75 an ounce after breaking above $2,500...amid growing expectations that the Federal Reserve is close to cutting interest rates.“

Militia Man – Dinar Guru  The United States is going to say we’re ready to go. We’re not playing games anymore…we’re going to do it our way.  Iraq either you’re on board or you’re not on board…No wonder those guys are barking…because the parallel markets are going to go away and fast.  They know what they need to do.  Change the value of their currency and no one’s going to want their [black market] USD.  They’re going to know the Iraqi dinar is going to be powerful just like Sudani said…

Militia Man – Dinar Guru  Why would the United States of America allowed Alaq, the Central Bank Governor [to come] unannounced?  Probably because they had a good reason to allow that.  Why are they having him back in such a short period of time?  Because there’s a component of time that they needs things done and they’re doing that.

Clare – Dinar Guru  Article Quote: “An economic expert indicates a ‘solution’ that will ‘reduce’ the dollar exchange rate”  Quote: “the parallel market needs to be dismantled in order for the exchange rate to decrease.”

Breitling – Dinar Guru  Inflation is the money supply versus how the market is reacting.  That’s all it is…It’s the money supply and how is it working with the people that are spending it.  Do they have access to it?  Is it not moving?  Is there not enough money?  Is there too much money?  It’s always going to be the money supply.

Militia Man – Dinar Guru   Article:  “Alaq’s upcoming visit to New York supports banking system stability.”  People ask me why isn’t he going to Washington?  What’s in New York?  New York is part of the United States banking system, United States Federal Reserve Bank is in New York.  Where is the account for Iraq’s oil money? …It’s not in Washington D.C.  It’s not at the White House.  It’s definitely in New York isn’t it. 

Clare – Dinar Guru  Article:  “Iraq and America to resume negotiations on the banking sector next Monday”  Quote:  “An informed source told Al-Eqtisad News that a delegation from the Central Bank of Iraq will begin negotiations with the American side on August 26 in America.“

Jeff – Dinar Guru  Article: “Iraq and America resume negotiations on banking sector next Monday“

Militia Man – Dinar Guru  They’re making nothing but money off their oil, but they’re also making nothing but money off their non-oil revenue streams.  Now it’s a totally different ball game.  Back in the old days Iraq’s valuation of $3.22 was based off oil.  It wasn’t on phosphates…sulfur…liquid natural gas…tax revenues…tourism.  None of those.  Add all that in now into the exchange rate gives some support doesn’t it.  You start thinking about it, wait a second, so why would you come back out at $3.22 again?  Good question.  Will they?  Don’t know.  Is it likely they will?  I don’t know.  Why would it be any less than that?

Militia Man – Dinar Guru   If you guys have the lop question, it’s totally uneducated as far as I’m concerned.  100%…Iraq said they were going to bring value to their currency.  Doing a lop doesn’t bring value.  It’s a reverse split.  Stays  the same.  It’s total B.S., utter nonsense.  It’s unstudied, uneducated and frankly, quackery as far as I’m concerned.

Samson – Dinar Guru  Article: “PM Advisor: Al-Alaq upcoming visit to NY supports banking system stability”  

Pimpy – Dinar Guru  If you’re planning on retiring sometime this year because of the Iraqi dinar exchange rate, well put a hold on your plans for just a little bit until we get past this next year IMO.  With the election season coming up and we have no idea who’s going to be in charge of the country, we have no idea what kind of actions are going to be taken against Iraq…The fact that the United States Treasury has now taken up an entire floor in the Central Bank of Iraq is not a good thing at all…

Militia Man – Dinar Guru   Article Quote: “Alaq confirmed… there will be meetings held with the Federal bank and US Treasury at the end of this August”  What’s the date today?  It’s not far off.  The last meeting he had was unannounced…I think him coming back to the Untied States, he’s probably going to bring something he should have had done a long time ago.

Samson – Dinar Guru   Article:  “Is Iraq heading towards printing new paper currency?”  Quote: “Baghdad The Parliamentary Finance Committee confirmed, on Thursday, that there is no intention to print new paper currency.”

Militia Man – Dinar Guru  Article: “Iraq is heading towards printing new paper currency”  They’re not going to print new currency in the sense of triple zero notes…There’s no reason for it.  They were destroying perfectly good triple zero notes.  They did a video on it…destroying money, making little pellets.  They had a whole show on it.  Why would they be destroying good money?  Granted, if they filmed that they were damaged with ink on them, all these different things, I understand that.  That wasn’t the case.  In 2018…they spent tens of millions of dollars on printing new currency… Bottom line is, why would they be printing triple zero notes at a time when inflation is low?  That would create inflation.  The whole idea is not to do that.  Article quote:  “There’s no intention to print new paper currency at the central bank…“

Sandy Ingram – Dinar Guru   Building and growing your financial bases will be easier when you have money…The name of the game to replenish your wealth means that you invest in positive cash flow business ventures even if you go out and buy a Pizza Hut just as long as it has a positive cash flow to help support your lifestyle that you would like to live in.  You replenish your wealth by investing in business ventures that will bring you more monthly income.  That’s how you maintain and generate and grow your wealth. [Dinar Guru Note: Consult your financial advisors at the appropriate time to find the right investments for your unique circumstances and lifestyle.]

Samson – Dinar Guru   Article: “Theft of the Century: Between the Rule of Law and the Rule of Whales“

Militia Man – Dinar Guru  Anybody that thinks this is going to be a lop has got to be flat-out loco.  They’re not going to be able to fund all their processes at 1310/1320…There’s no inflation.  They’ve got it covered.  They’ve been working on this for years…It’s a bullish time to paying attention to what you own…Put the lop to bed.

Militia Man – Dinar Guru  They were definitely coming after Alaq.  Why?  Because their cash cow…is getting dried up and obviously they’re getting squeezed.  You not only have people in Baghdad getting squeezed you got people in Kurdistan area are going to get squeezed as well because they are on the wrong side of the trade.  They have different agendas.

Samson – Dinar Guru  “The Central Bank denies the existence of a shortage of cash liquidity and responds to the Parliamentary Finance Committee”

Clare – Dinar Guru  Article Quote “The Prime Minister’s Advisor for Financial Affairs, Mazhar Mohammed Saleh…pointed out that Iraqi oil sales are in dollars, and are deposited with the US Federal Reserve through an open account in the name of the Central Bank, which is managed by the bank on behalf of the Iraqi government.”