Dinar Observer Daily

Militia Man – Dinar Guru  I believe the Iraqi dinar is going to change value…and the citizens believe that too.  I believe Sudani has literally spoken those words…the dinar, it’s going to be stronger than the dollar.  He said those things on a couple of occasions.

Clare – Dinar Guru  Article: “Parliamentary Finance to Employees: Your Salaries Are Secured for This Year and Next Year Even if Oil Drops”

Mountain Goat – Dinar Guru  Article:  “AFTER THE DECLINE IN OIL, A GOVERNMENT ADVISOR: WE HAVE THE CAPABILITIES TO CONFRONT THE PROBLEMS OF THE GLOBAL ECONOMY”  I consider this one of those WOW! articles.  Quote: “the highest reserves in the country’s monetary and financial history” also “the growth indicators in the non-oil GDP have touched 6%”  WOW!

Pimpy – Dinar Guru  I just read an article not that long ago that said oil sales are now 89% of their budget which is good.  Remember it was 96% of their budget…Iraq is going in the right direction but they still rely on oil sales way too much…If Iraq starts stumbling and the prices drop low for oil per barrel then they start operating in the deficit…If it keeps dropping and gets too low then they’re going to have no choice but to…devalue the Iraq dinar…No body said they’re doing it.  I’m just saying we really got to pay attention to the price of oil per barrel because if it gets too low they don’t need to tell us what’s going to happen, you should already be aware that’s what they’re going to do…

Samson – Dinar Guru  Article: “Private Banks Association: The number of electronic payment points in Iraq increased from 7 thousand to 30 thousand“

Militia Man – Dinar Guru  Electronic payments…you can get this feeling it’s showtime because they’re really doing the development of the reality of financial inclusion.  They’re spreading that financial culture around the country…It’s coming, the growth stage.  

Mountain Goat – Dinar Guru  “ECONOMIC RENAISSANCE AND UNPRECEDENTED PROGRESS.. IRAQ MAXIMIZES ITS NON-OIL REVENUES AND REDUCES ITS DEBTS”. They are telling us the national debt is only 9% of their reserves now at $108 billion and GDP growth is very good… words like “unprecedented” and “maximizes”…tells me our choo choo train is moving down the tracks at an accelerated pace now.

Samson – Dinar Guru  “Economist: The development road will pass through 12 Iraqi governorates and will transfer Iraq to the world“

Sandy Ingram – Dinar Guru  The DRP (Development Road Project) is expected to increase Iraq’s GDP and gross domestic product which could quickly increase the currency’s [dinar’s] value.  Whether Iraq increases the value of its currency or not, once it becomes an international transportation hub investors will have the opportunity to invest the dinar they have in one form or another.

Militia Man – Dinar Guru  The development Road Project is opening up Iraq to the region and into the international world.  The private sector is going to be the main driving force...They’re going to have to expose an exchange rate at some point in time, sooner than later.  I’m going to go with sooner.

Samson – Dinar Guru  Article:  ”The Governor of the Central Bank of Iraq, Ali Al-Alaq, confirmed that the decline in oil prices will not affect the dollar exchange rate.“

Pimpy – Dinar Guru  I’m not saying they’re going to devalue the currency right now.  What I am saying is if they stay below $70 [per barrel of oil] for the medium term, you can see them devalue the currency.  I don’t think it’s going to happen anytime this year because the year is almost over.  I’d be a little nervous going into 2025.

Clare – Dinar Guru  Article: “6 scenarios that the Iraqi Central Bank will work on, narrated by Al-Issawi ”  Quote:  “The economic expert stated that the Central Bank of Iraq is negotiating with the US Federal Reserve regarding ending the work of the electronic platform for foreign transfers and replacing it with direct banking relations between Iraqi banks.“

Mountain Goat – Dinar Guru …They don’t need any economic revival to put a fair market rate for the dinar back on FOREX. It is all a lie….They are “artificially” suppressing the rate of the dinar. When will this abuse of the dinar end?   I believe this end is near…

Samson – Dinar Guru-  Article: “Al-Alaq: 70 digital banks have applied to the Central Bank for a license“

Pimpy – Dinar Guru  All kinds of changes happening over in Iraq.  People have been bombarding me with questions.  Let’s go over this because this is something I mentioned earlier and then again I’m the bad guy.  It’s something you should be aware of that it might happen...Take a look at the price of Brent Crude – $74 a barrel.  What is the budget set by Iraq for the
cost?  $70.  They’re okay but it has dipped slightly below there.  It’s back up above $71 which is good but man, that particular cost per barrel IMO I thought was too high and I expressed my opinion back when they first did it.  What does that mean for Iraq?  If they don’t have enough money to cover the budget… they’re going to have no choice but to, yep, I’m going to say it, just like I warned you, devalue the Iraqi dinar.

Militia Man – Dinar Guru  They’re talking about Iraq as going global and to the international financial system.  With that has responsibility and that responsibility will be defended by the central bank.  That responsibility is to have a stable exchange rate and to provide commerce throughout the country in and out and across borders, with efficiency and transparency.   That’s what they’re going to have and that’s what they’re doing.  There’s looking to be no stopping it.  It’s brilliant.

Mountain Goat – Dinar Guru   … there are not any of the newer lower denominations out in circulation in Iraq…if the newer lower denominations were already in circulation…Without the revaluation of the dinar at least inside Iraq, the economy would crash because the money would be totally worthless …How could anyone…buy anything with the newer lower denominations dinar notes without first a revaluation? It would take truck loads of money just to buy groceries...the CBI would have formally announced the Project to Delete the Zeros as this is the ONLY way the lower denominations can come out…There will be NO SECRET when they come out…The project to delete the zeros has NOT yet begun.

Samson – Dinar Guru  Article: “The new strategic agreement between Baghdad and Washington.. results and repercussions!” Quote “The government of Prime Minister Mohammed Shia al-Sudani faces a complex and difficult task…”

Clare – Dinar Guru  Article: “Iraq buys nearly 52 tons of gold in three years”  Quote: “According to the latest schedule published in September by the Council…Iraq bought 51.9 tons of gold during the previous years from 2022 until September2024…Iraq bought 33.9 tons of gold in 2022, 12.3 tons in 2023, and 5.7 tons in 2024, including 3.1 tons in February and 2.6 tons in May.”

Militia Man – Dinar Guru  The news out of late is completely off the charts and it points to I believe international.  Internationalism is where Iraq is headed.  I don’t believe for a minute they’re going to stop until they complete it…

Militia Man – Dinar Guru  Article from Saleh financial advisor for the prime minister…they’re getting ready to be able to export natural resources, agriculture…It’s the economic renaissance…They’ve been talking about maximizing their non-oil revenue and reducing debts.  They’ve been knocking it out of the park…

Samson – Dinar Guru  Article:  “Economic renaissance and unprecedented progress… Iraq maximizes its non-oil revenues and reduces its debts“

Samson – Dinar Guru  Article: “Close to Al-Ameri: We support Al-Sudani, and there is no demand for his resignation or early elections“

Pimpy – Dinar Guru  For almost like a good six, seven eight months there’s all this hype, it’s going to change tomorrow, it’s going to change tomorrow because there was so much talk about the exchange rate.  I keep telling people…that’s not what’s going to happen.  There’s still things that need to be done.

Clare – Dinar Guru  Article: “Iraqi state banks account for 88% of banking sector investments”  Quote:  “The Prime Minister’s Advisor for Economic Affairs, Mazhar Mohammed Salih, confirmed…government banks account for 88% of the banking system’s investments, pointing out the necessity of reforming the banking system on the basis of market work, similar to international banks.“

Militia Man – Dinar Guru  The IMF Article IV 2024 consultation, one of the most important things was for [Iraq] to accelerate accession to the WTO.

Mountain Goat – Dinar Guru   I am going to give you a summary…of the other issues that are…on the table. They are on the near horizon and my CBI contact has also told me these are issues that also must be resolved:  Passing the Oil and Gas Law referendum, as required by their new 2005  Constitution.; Needed changes to The Investment Law No (13) of 2006 to meet the WTO requirements prior to full accession.; Institute the Pillars of Financial Reform in the Banking, Insurance and the Iraqi Stock Market. This goes hand in hand with the electronic banking effort…Iraq is going forward with the Project to Delete the Zeros and actually in the process of doing it not just talking about it again…we must stay grounded as this RV is coming to a closure and there is not much longer to wait.

Sandy Ingram – Dinar Guru  It is widely believed Iraq will need to increase the value of its currency in order to fully take advantage of the international transportation hub [Development Road Project] it is building.

Pimpy – Dinar Guru  They have to do something about that parallel market.  The reason why it’s so successful is because people prefer to get the US dollars if they can.  If businesses and travelers want to get more bang for their buck, they don’t have a problem with selling the US dollars for more Iraqi dinars, more than the official exchange rate.  It puts Iraq in a pickle…Do they raise the rate of the Iraqi dinar or do they lower it?