Dinar Observer Daily

Samson – Dinar Guru  “Iraq raises its gold holdings to more than 148 tons”  Quote “The World Gold Council  announced…Iraq has increased its gold holdings to more than 148 tons…”  

Dr. Jan Halper-Hayes – Guest  I still get a lot of questions from people:  When is something going to happen?  Why is it moving along so slowly?  Murphy’s law said anything that can go wrong, will.  That’s life.  We do need the financial reval to happen.  There were documents that were going to go into law, went to a committee in Iraq and some people decided to change some things.  When it got back to the final decision making group they identified these things were snuck in.  They sent the process back to the start.  That’s life, that happens…When Iraq gets their act together they get to be back on the financial markets and their currency can trade.

Breitling – Dinar Guru  Iran…It’s all tied to that.  We’re going to start punishing Iraq for being influenced too much...When they support groups and those groups are using financial institutions inside of Iraq to laundry money and to get U.S. dollars we’re going to make them pay…Put your big boy pants on because this is reality.  This is what’s happening.  They [Iraq] can turn it around but right now I’m neutral.    I don’t know how this is going to turn out.  I just don’t.

Clare – Dinar Guru   Article: “US Treasury places Khamis Al-Khanjar on sanctions list”  Quote:  “The US Treasury Department, through the Office of Foreign Assets Control (OFAC), has placed the head of the Sovereignty Party, Khamis Al-Khanjar, on the sanctions list of known individuals and entities with whom dealings are prohibited.“

Militia Man – Dinar Guru  People are getting spanked.  They’re getting in trouble.  They’re shutting things down.  Bank managers are getting banned from working.  If you’ve been found to be corrupt they’re going after you…If you don’t play by the rules you’re going to have some problems.  The Untied States Treasury has a whole floor of the central bank…International compliance is important.  If you’re money laundering…counterfeiting… supporting terrorist, they got your number.

Mountain Goat – Dinar Guru  WOW! August news from Iraq is explosive. We now see many changes to the banking system and currency auctions. This as I am told is from the pressure of the Feds and the US Treasury. …As far as timeframes, my [CBI] contact told me to watch the progress of the banking reforms that the Feds are pushing. This includes the parallel market rate vs the CBI official rate and the currency auction levels.

Pimpy – Dinar Guru  There’s no rate exchange out there that’s even above $3.50, nowhere out there, not even the Kuwait dinar…$3.25…I think theirs is the most valuable so how is somebody going to give a $7.00 exchange rate?

Militia Man – Dinar Guru  If you drop the three zeros off the exchange rate of the dinar what you have is $1 divided by 1320.  You’re going to get .0007…If you drop the three zeros off .00076 you have .76…Keep in mind what they’ve done is phenomenal.  The amount of work showing Iraq is going international and they’re working to that end to do it as quickly as possible is how I can see it.

Sandy Ingram – Dinar Guru  Research says 70% of all lottery winners are broke within 3 to 5 years after they win the lottery.  These numbers are almost as high for ex-NFL football players who once they are no longer playing football go broke…  They’re doing exactly what I am strongly recommending you don’t do.  They are living off their winnings.  You want to get into a mindset of replenishing your wealth.  It will be easier to build more wealth once you have wealth.  Money begot money.  Money attracts money.

Breitling – Dinar Guru  I’ve gotten the weirdest hate mail with a capital H.  You people need to just suck it up.  I don’t care if it’s not what you want to hear…I’m just reporting what the policy in Iraq is and whether it’s pushing our speculation forward or not.  That’s all it is.  Nothing more than that.

Clare – Dinar Guru   Article:  “Central Bank Governor Participates in a Workshop Specialized in Electronic Payment”   Quote: “His Excellency the Governor of the Central Bank of Iraq, Mr. Ali Mohsen Al-Alaq, participated in a specialized workshop on accelerating the transition to electronic payment, sponsored by the Prime Minister, and organized by the Osool Foundation for Economic Development and Sustainable Development.“

Pimpy – Dinar Guru  Iraq is still treading forward.  I’m curious to hear the news about what’s going on with Alaq and what they find out because what they’re reporting is not all peaches and cream.  But apparently he is still there working so it can’t be all that bad IMO…

Militia Man – Dinar Guru  Why did Al-Sudani say to the world that the Iraqi dinar is stronger than the dollar?  Was he lying?  ...I don’t think he was.  We have to just wait and see how things progress because it wasn’t said just once, he said it more than once.  For a Prime Minister of a country to say something there was probably some reasoning for it, meaning behind it.  That’s his words not mine.

Militia Man – Dinar Guru  Did Alaq resign?  Answer, no.

Mountain Goat – Dinar Guru   My CBI contact said…that the GOI has not yet accepted his [Ali Al-Alaq] resignation and so it is not final…The news media ran off half cocked with the story… She said let’s wait and see what happens to Mr. Alaq.  If he stays, he has to agree to work with the Feds and the US Treasury and work out a satisfactory plan, then take it back the Finance Committee and explain it. He is scheduled for a trip to the US for this purpose very soon...  [Post 1 of 2….stay tuned]

Mountain Goat – Dinar Guru  She [CBI contact] thinks he will remain as the proxy director for a period more…  I believe he does…have   the best interest of the country in mind with his policies. He has talked about reviving the Iraqi dinar to 1980’s levels. This is what we all want as investors…Let’s see what happens. [Post 2 of 2]

Samson – Dinar Guru  Article: “Urgent: Central Bank Governor: No intention to reconsider dollar exchange rates, we are undergoing a major transformation“

Pimpy – Dinar Guru   Alaq, all kinds of crap coming out about him…Seems to me they were hip to what was going on damn near a year ago and this would explain whey there’s so many restrictions taking place with the Iraqi Bank as well as other banks in Iraq and why it is that the United States felt like they had to take up a whole entire floor inside the Central Bank of Iraq…

Jeff – Dinar Guru  Since Al-Alaq returned as the CBI governor I’ve always shared he would only remain until Iraq RVs.  Now they’re talking about forcing him into retirement!

Militia Man – Dinar Guru Article quote: “Even the measures taken by the government to try to down low dollar prices to 1320 to sell it in a supported manner didn’t not reach the elimination of speculation in the markets reducing the price of a dollar in the black market.”  It didn’t work to kill the black market just yet but I got a strong feeling since the dollar auctions have gone from 250 million a day down to less than 25 million…consistently for over a week…we can see where their priorities lie.

Clare – Dinar Guru   Article: “urgent… Central Bank Governor: No intention to reconsider dollar exchange rates, we are undergoing a major transformation”  Quote:  “The Governor of the Central Bank, Ali Al-Alaq, ruled out a change in the dollar exchange rate.“

Samson – Dinar Guru  Article: ”The Dinar Breaks Its Silence: Fire Al-Alaq and the Dollar Leaves the Fifties“

Mountain Goat – Dinar Guru   Article:  “PARLIAMENT RETURNS THE OIL AND GAS LAW TO THE GOVERNMENT: IT MUST ADD
PARAGRAPHS THAT KEEP PACE WITH GLOBAL DEVELOPMENTS” Quote:  “the government must work on amending and adding new paragraphs to the
law…”   WOW! This is excellent news. This article shows us the Oil and Gas Law is actually farther ahead than the news has been telling us. It actually did reach parliament and the readings were conducted so far…

Militia Man – Dinar Guru  Iraq is still being able to function.  They told us their 2023-24 budget was legal, has always been and they’re moving forward with it…Even though we haven’t seen an exchange rate change they can still function, which is fine...Now they’re starting to do things that are getting their banks in order and we’re seeing the results of that.

Pimpy – Dinar Guru  The Central Bank of Iraq was forced to allocate an entire floor to the US Treasury department to  monitor money transfer operations and prevent any illegal activities.  Talk about a very clear violation of Iraq’s sovereignty.   This is how bad things have gotten…The United States has now taken up permanent residents within Iraq’s central bank…  

Clare – Dinar Guru  Article: “The governor of the Central Bank of Iraq resigns”  Quote:  “Central Bank Governor Ali Allaq has reached retirement age and has submitted his resignation to Prime Minister Mohammed Shia Sudani”

Militia Man – Dinar Guru  Article:  “Central Bank Governor’s Resignation: Admission of Failure or Escape from the Repercussions of the Financial Crisis?”  Do we really think at this stage of where the reforms are now and how far they have come to even suggest Al-Alaq is going to go to Al-Sudani and give his resignation? …Al-Alaq in present terms has kept the country in a state of financial stability to date…This is a hit piece. One that is not surprising as the dollar auctions have dried up. That is very painful to those that lived off the cash cow… We shall see if it arrives and he steps aside as they put it…

Pimpy – Dinar Guru  Article: “The Governor of the Central Bank of Iraq resigns”  He’s pressured out.  There’s all kinds of crap happening…he was behind some shady things and it looks like now he is resigning.  They are going to say it had to do with his retirement…

Clare – Dinar Guru   Article:  ”Central Bank Governor’s Resignation: Admission of Failure or Escape from the Repercussions of the Financial Crisis?”  Quote:  “Tuesday, that Al-Alaq decided to submit his resignation after facing multiple problems in the financial sector, in addition to his inability to fulfill his promises to control the exchange rate. This request comes at a sensitive time for the Iraqi economy, which suffers from severe fluctuations in exchange rates and direct impacts on the local economy.”

Mountain Goat – Dinar Guru   …what is actually occurring between the CBI, the Feds and the US Treasury.  If you read the headlines today you might begin to panic…you might say things are looking really bad for Iraq. But I assure you that this is all actually VERY GOOD news for us investors… this recent move by the US Treasury was made for the benefit of the currency reform process so that they could move to the next step of the currency reform once these issues are fixed…