Dinar Observer Daily

Mountain Goat – Dinar Guru   As we are over the midpoint of September, we see a progression of the Oil and Gas Law provisions being laid out in front of us.  No, the Oil and Gas Law (or HCL) is not yet completed but they are closer than ever. There is actually a REAL possibility the law could soon go before parliament for a vote… 

Nader – Dinar Guru   They’re trying to get away from the oil revenue. They want to make the oil revenue extra money coming in.  They’re working on a lot of things on a private sector to make it strong…and make sure the stability of the economy doesn’t depend on the oil revenue because oil go up and down and sometime they lose money in the oil when it goes down especially when they have a budget that’s $70 a barrel.  The oil goes to $60 or $50 they start losing money.

Militia Man – Dinar Guru  What they did in Congress is a big deal…For many of you the reality is setting in because you can’t deny what’s being put out in print.  It’s really powerful.

Sandy Ingram – Dinar Guru  The fact that you have invested in the Iraqi dinar, an exotic currency, places you in a unique position globally… You must remember you now belong to a unique club where there are only 10 million other members…We have a significant amount of power… Individual traders can significantly influence the foreign exchange market when it comes to exotic currencies. 

Mountain Goat – Dinar Guru   Article:   “IRAQI BANKS ASSOCIATION: THE REFORM PLAN HAS REACHED ITS FINAL FORM AND WILL INCLUDE ALL PRIVATE BANKS.”  They are telling us today they are in the LAST PHASE of the process of banking reforms, now  it comes down to ‘uniformity” between all banks in the banking system. If you don’t conform you will not be banking in Iraq…They can not risk more corruption once the currency in normalized and goes viral… We all should celebrate. What a relief it was to finally hear such good news…they really needed this too for the rollout of the reinstatement. 

Sandy Ingram – Dinar Guru   How [do] we as IQD and VND investors fit into the global picture?  Exotic currencies are currencies that are thinly traded in financial markets…It means the big banks…do not invest or use these exotic currencies for International transactions.  The big banks don’t really touch the exotic currencies in most cases…The Iraqi dinar and VND…are considered exotic currencies.  Banks initiate 80% of all transactions that occur on the Forex market each day.  That leaves 20% that we fit into… There are 10 million Forex traders worldwide...

Samson – Dinar Guru   Article:   “Prime Minister: Iraq has overcome all challenges and today represents a fundamental pillar of security and stability in the region.“

Militia Man – Dinar Guru    Article Quote: “The US Congress decision to revoke the Iraq war authorization adds to the success of Prime Minister…Sudani”   Congress didn’t do it over many years but they have done it now.  It’s possible it may not need a Senate vote in the United States.
It may be well enough that they have done it in the Congress to allow them to be able to get that prestige back again on the global stage.  That’s the whole idea for Iraq, to integrate into the global financial system.  The evidence is so clear…It’s not my opinion…I believe it’s fact.

Sandy Ingram – Dinar Guru  Iraq’s prime minister has all but said the Iraqi dinar is undervalued.  He said…Iraq has enough oil reserves for a hundred years.  So [we] are going to go along with less famous economists who say the IQD currency is undervalued.  Chances are Iraq is waiting for certain global situations before they revalue, adjust, float or down whatever it is they’re going to do with their currency…We have no idea what games they are playing…

Clare – Dinar Guru   Article: “The Governor of the Central Bank of Iraq meets with the Governor of the Bank of England”  Quote:  “Allaq called on Mr. Bailey to support the Central Bank of Iraq’s efforts to join the Bank for International Settlements in Switzerland, given that the Bank of England is a member of the aforementioned bank’s Board of Directors.“

Mountain Goat – Dinar Guru   In the call from Iraq, I was told meetings are underway with the US Treasury and Central Bank of Iraq for the final details of what we all hope will be the execution of the swap out of currency soon…Please everyone, get down on your knees and pray hard for the people of Iraq and the abundance and prosperity this move could give all of us.    [Post 1 of 2….stay tuned]

Mountain Goat – Dinar Guru   …this info from the call did not surprise me as we are in September already and they want to complete this swap out before December and are targeting January 2026 for the reinstatement…this is all they would sacrifice in the name of a timeline. They are keeping this all very, very quiet…I was told we MUST see the announcement back to full accession to the World Trade Organization (WTO) during the next months. This will coincide with the process as it will all happen suddenly with announcements coming out.  [Post 2 of 2]

Kaperoni – Dinar Guru   Article:  “Banking reform enters a decisive phase: The Central Bank and banks are in a race against time – Urgent“

Militia Man – Dinar Guru  Iraq at some point is going to be ISO2022 compliant and I believe able to do cross border transactions in dinar… They’re already reconnecting…They’re talking about, expedite full integration.  They’re in a hurry.

Sandy Ingram – Dinar Guru    From the 1940’s through the 1970s the Iraqi dinar was one of the strongest currencies in the Middle East.  Oil wealth made Iraq rich.  The dinar at one point was worth more than $3.00.  Iraqis had great pride in their money…Everything changed after the 1980’s.  Wars with Iran, the invasion of Kuwait and the international sanctions in the 1990s weakened Iraq’s economy.  Inflation skyrocketed and the dinar lost much of its value…Its journey shows how much money is…a reflection of trust, identity and the belief people have in their country’s future.

Clare – Dinar Guru   Article:  “Banking reform enters a decisive phase: The Central Bank and banks are in a race against time – Urgent ”  Quote: “the end of September will be the deadline for private banks to sign the final amendments to the reform paper submitted by the Central Bank of Iraq in coordination with Oliver and Iman...Debate is no longer about the feasibility of reform, but rather about the mechanisms for implementation and consensus.”

Sandy Ingram – Dinar Guru  Iraq’s joining the Forex market for regular trading is one of the best solutions for Iraqi dinar investors to be able to cash in our Iraqi dinar banknotes and trade, receiving the currency of their choice in profits.  At  least that is how we hope things will go…It looks like Iraq is headed for the Forex, but we can’t be 100% sure.

Pimpy – Dinar Guru  Once you’re ready to take your currency in, you found an exchange you like, everything goes the way you want it to, you just go deposit it directly into your bank account…

Fnu Lnu – Dinar Guru The REER still officially stands at 1300 IQD/USD. The trading rate is 1310. 

Clare – Dinar Guru   Article:  “Foreign Ministry: Cancellation of US mandate for Iraq does not include operations against ISIS”    Quote: “Congress’s revocation of war authorizations represents a step towards strengthening the partnership with Washington and entrenching the principle of respect for sovereignty, reflecting the development of relations with the United States.”

Samson – Dinar Guru   Article:   “NASSIF : THE US CONGRESS’ DECISION TO REVOKE THE MANDATES ADDS TO THE PRIME MINISTER’S SUCCESSES“

Militia Man – Dinar Guru    Real Effective Exchange Rate is off of fundaments.  It’s about their natural resources…non-oil economic resources…taxation…e-signatures…ability to know your customer (KYC), know you have the money and know you’re going to get paid on time... That’s what it’s all about.

Mountain Goat – Dinar Guru  Article:  “GOVERNMENT ADVISOR: LINKING AL-FAW PORT WITH OMANI PORTS WILL ENHANCE IRAQ’S REGIONAL AND INTERNATIONAL STANDING”  …when we see this kind of news we must realize Iraq is slowly chipping away at setting  themselves up for huge revenue streams…why would the WTO get involved with Iraq if not vast potential for trade…What we are waiting for now mostly is the release of the dinar back on the international currency markets. The liberalization of the dinar.  This is all part of it. This is also part of piecing together the Oil and Gas Law.

Pimpy – Dinar Guru  You cannot negotiate the exchange rate.  It’s going to be whatever the exchange rate shows on Forex…If you have a bank account at that bank [you’re talking to], they’ll exchange it for free…There are no ‘perks’…It’s like depositing dollars into your bank account.  You can just tell them to put it in your bank account.  You’re not going to run around carrying it in a duffle bag…

Clare – Dinar Guru   Article:  “Iraq Strikes Deals with Global Carmakers to Launch Local Vehicle Assembly Lines”   Quote:   “The Iraqi Ministry of Trade announced agreements with major car manufacturers from Germany, China, and Brazil to establish automobile assembly lines inside Iraq.”

Militia Man – Dinar Guru   Global integration for Iraq into the marketplace is obviously right before our eyes.  I hope you take your investment seriously…We’re going to keep studying this as we go and probably into the future because once this happens there’s going to be a lot of things that are going to happen thereafter in my view… 

Pimpy – Dinar Guru  There’s no reason for a bank to ask you to sign an NDA…People exchange currencies every day.  They don’t go, ‘Hey, come here buddy. You got to sign this NDA.’…

Samson – Dinar Guru  Article:  “THE UNITED STATES REVOKES ITS (1991-2002) AUTHORIZATION FOR THE WAR ON IRAQ“

Sandy Ingram – Dinar Guru    Sudani is telling us Iraq holds 150 billion barrels of proven oil reserves, enough to provide for more than a century.  He believes this wealth isn’t fairly reflected in the official [OPEC] quota.  This is big news and this is surprising news because OPEC was founded in Baghdad.  Iraq is a founding member of OPEC.  To my knowledge this the first time Iraq has openly questioned OPEC…Iraq says it deserves a bigger share… 

Fnu Lnu – Dinar Guru  Iraq does have a tremendous amount of oil that has not been exploited. Though this is not the diversification  we would like to see, it is significant to note as Kuwait has a $3.275 + Dinar with no diversification so is this mantra of diversification necessary for an RV. I don’t think so.