Dinar Observer Daily

Samson – Dinar Guru  Article: “Central Bank: Number of users of electronic financial services exceeds 20 million“

Militia Man – Dinar Guru  The census will count the population, housing, industrial and commercial establishments, agricultural land and infrastructure.  Displaced persons and refugees will not be included in the account…It’s scheduled for November 20, 2024.  It will be accompanied by a two-day curfew in all Iraqi provinces.

Clare – Dinar Guru  Article:  “Trump wants to meet Sudani soon”  Quote:  “US President-elect Donald Trump expressed his desire to meet with Prime Minister Mohammed Shia al-Sudani ‘soon,‘ according to a statement from the Prime Minister’s media office on Friday (November 8, 2024)…Al-Sudani made a phone call…Friday, with the US President-elect Donald Trump, in which he expressed his congratulations to the President and the American people on the occasion of winning the elections, and the great confidence that the American people have given him.”

Samson – Dinar Guru   Article 1.  “Al-Awadi: The communication between the Prime Minister and the US President-elect was highly positive”  Article 2.  “Trump welcomes working with the Sudanese and wants to meet him in the near future“

Militia Man – Dinar Guru   [via PDK]  …things are happening fast and furious…With that development road – people and trade will come in droves. The push is big…this article was interesting to me “In 5 days Iraq Central Bank sells more than a billion dollars” and they say there is now no room for the parallel market or black market for dollars. This is huge from Al ALaq.  Once they open the doors and change the REER [Real Effective Exchange Rate] then the dinar will then be stronger than the dollar.  That is what Al-Sudani has said more than once. And that is what we are waiting for.

Sandy Ingram – Dinar Guru  I am concerned for Iraq.  Why is the US Secretary of State urging the Iraq prime minister to take quick action…against armed groups in Iraq? ...Things are extremely tense behind the scenes in the Middle East...The US has issued a stark warning to the Iraqi government, if Iran uses Iraqi soil to attack Israel expect Israeli retaliation against Iraq…But here’s the latest news.  There’s no doubt about what is about to happen in Iraq…  Article “Israel prepares a large- scale attack on targets in Iraq.”  …None of this sounds good. 

Militia Man – Dinar Guru  [Iraq’s] inflation rate is key.  It’s low.  It went from 7.5% to 3.8%.  It’s really in good shape.

Clare – Dinar Guru  Article: “The Central Bank Governor determines…Who goes to buy dollars from the ‘black market‘?”  Quote: “a number of merchants, for personal reasons, still do not come using the official method and transfer what they need at the official price, but the percentage of these people decreases with the passage of time.”

Samson – Dinar Guru  Article: “Prime Minister’s Advisor: The first commercial ship will dock at Al-Faw Port soon“

Militia Man – Dinar Guru   CBRs , Correspondent Banking Relationships, we’ve know about that since 2023…This isn’t brand new.  This is what’s been done.  2024 consultation Article IV is about things they’ve got to a certain point where now we’re going to the next step.  We’re focusing in on 2024 for what?  Modernizing the banking system.  Getting that completed.  Going to the private sector.  Privatizing the state-owned banks.  They’re doing it.  Ernst & Young are doing it.  They’ve had a contract since January.

Mountain Goat  My…CBI…contact…told me there is a planned meeting next week with the director Al Al-Alaq to review the status of the committee work and plan out the next phase of the project to delete the zeros. I was told that the CBI will no longer be supporting the currency auctions come the end of the year…she told me they are now working on many more foreign banks besides the already arranged four (4) U.S. banks that are going to also come into process of supporting the international conversion of dinar to dollars on payment of imports to Iraq. Why would these other banks want to exchange dinars if they were not going to be worth something and globally traded? …This news was VERY good news for all of us. It tells us there is going be some huge change in policy of currency exchange for international trade with Iraq.

Clare – Dinar Guru  Article: “Al-Sudani and Trump agree to coordinate to stop regional wars and meet soon“

Clare – Dinar Guru  Article: “Iraq increases its gold holdings and ranks third in the Arab world”  Quote:  “Iraq increased its gold holdings to 152.6 tons, after it had held 152.5 tons, which represents 11.5% of its remaining reserves.”

Militia Man – Dinar Guru   Article: “Iraq intends to increase the International Monetary Fund by equivalent of 1.45 trillion dinar.”  They paid off their debt, inflation is down, interest rates have dropped, foreign currency reserves have increase, 152.6 tons of gold…Does that sound like a country that’s still going to stay at 1310 with their exchange rate?

Samson – Dinar Guru   Article:   “Al-Hakim to UN Representative: Iraq is experiencing unprecedented stability“

Mountain Goat – Dinar Guru   My contact told me not to expect any move forward with the Project to Delete the Zeros until this new…Trump… administration signals, they will “fully” support it and the “process” and move to the end of the process, which is, as we all know, the reinstatement.  Remember we don’t go to the bank until the reinstatement back on FOREX occurs, the end of the process.

Militia Man – Dinar Guru  They’re going to need to expose their exchange rate so they can get on the Forex and they can open the doors so they can start paying for all those obligations…

Sandy Ingram – Dinar Guru   Trump…for the most part he has been on the side of Iraq.  Our problem is not Trump, but rather the fact that Iraq is increasingly making the [dinar] a closed currency.  The means we do not have access to the digital changes happening in the country today.

Clare – Dinar Guru  Article: “Al-Sudani congratulates Trump and Vance, stresses Iraq’s commitment to strengthening relations with America“  Quote: “It is noteworthy that Iraqi Prime Minister Mohammed Shia al-Sudani had strongly attacked the administration of former US President Donald Trump, during a speech he gave at a memorial ceremony held in Baghdad in 2023 on the anniversary of the assassination of former Iranian Quds Force commander Qassem Soleimani and deputy head of the Popular Mobilization Authority Abu Mahdi al-Muhandis in an airstrike near Baghdad International Airport in early 2020…“

Pimpy – Dinar Guru  The dinar is not going to happen today or the next week as far as I know but this is a pretty big step [the restrictions removed from foreign currency exchange] for them because this allows a lot of liquidity which is necessary inside of Iraq.  Liquidity has always been an issue for Iraq.  This will change that.  That means more businesses/people doing exchanges with the currencies.  A lot of liquidity in Iraq is what they need.

Samson – Dinar Guru   Article:  “Transport announces completion of initial design phase of development road with its land and rail routes“

Militia Man – Dinar Guru  I think they’ve got it to an exposer level.  They haven’t exposed the 2024 budget yet.  They haven’t exposed the hydrocarbon law yet.  They haven’t turned on oil in the Port [Into Turkey] yet.  Why?  Because I think the 2024 budget has something that we’re waiting for.

Militia Man – Dinar Guru  In the eyes of the world, politically, all three presidencies are seated and that’s beautiful.  That’s is really big time.  I like that a lot.

Samson – Dinar Guru  Article: ”US report: Washington avoids escalation or disruption of the political and economic situation in Iraq“

Nader – Dinar Guru  I read an article about the oil price …Remember I told you the oil price is $70.  It’s really wrong…The Chairman of the CBI comes out and says, hey, we need to change the price of oil from $70 to $40 because they know the oil can reach $50 or $60 on the prices.  In the budget if you put oil at $70, couple months from now you’re losing especially when the war ends…Oil for sure going to go down.  The next step on the oil prices will be $40 in the budget.  That’s very good because they know they’re going to change the rate and they want oil price in the budget works with the rate.

Clare – Dinar Guru  Article: “Qusay Saddam seized $900 million and loaded it in trucks in 2003 – Central Bank Governor”  Quote:  “After 2003, we inherited an abnormal situation devoid of any real basis for stability. Our reserves that year were $900 million, and they were seized by Qusay Saddam Hussein and loaded onto a truck. This is documented by dates and numbers.
So we started from scratch. The money supply in circulation was only 4 trillion dinars. Today, the volume in circulation exceeds 100 trillion dinars, and our reserves have exceeded 100 billion dollars.“

Militia Man – Dinar Guru  They’re maintaining control of the general level of pricing, they’re controlling inflation, reducing both in the management of monetary mass.  Reducing the monetary mass, what does that do?  If you take money out of the system, there’s less of it…You have more value.  They’re reducing the money supply.  Inflation rate was at 7.5% now it’s down about half of that 3.8%.  If they reduced inflation by almost 50%, then wouldn’t that likely be reasonable to presume that they reduce the monetary mass about the same amount?  It sure seems like it.

Mountain Goat – Dinar Guru    Article:  “AL-ALAQ: THE VOLUME OF CURRENCY IN CIRCULATION EXCEEDS 100 TRILLION DINARS”  Quote:  “Today, we have more than 100 trillion dinars in circulation (issued currency), not all of the money supply, and reserves of more than 100 billion dollars, which means that the Central Bank has achieved an important basis for monetary stability,” explaining that “inflation is the basic measure of the Central Bank’s ability to perform its mission and basic function. It is less than 3.8%, which is considered a typical percentage that actually achieves stability and prosperity.”

Pimpy – Dinar Guru  I never said it was definitely going to happen one way or the other [Drop the zeros off the currency before they change the rate or after].  What I’m saying to you is be aware that these two things are there because you might wake up one morning, hear the rate changed happened, you’re excited but then you find out too that the deletion of the zeros took place.

Samson – Dinar Guru  Article: “Al-Sudani congratulates Al-Mashhadani: We renew the legal and constitutional commitment to support the supervisory role of the House of Representatives