Dinar Observer Daily

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.

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.