Dinar Observer Daily

Clare – Dinar Guru   Announcement:   “Important announcement: In compliance with the directives of the Central Bank of Iraq, we announce the suspension of publishing the dollar exchange rates in the parallel market, effective immediately, until new official directives are issued in this regard.“

Jeff – Dinar Guru   What is their goal?  To get [the difference between the market rate and official rate of the dinar] down around 2% to 5%… 2% would be around 1550.  A 5% gap would be just shy of 1596.  It’s currency at a gap of 7.5% to 8%.  They’re moving very quickly towards hitting their target of being within 2% to 5% gap...They could easily hit that 2% to 5% gap sometime next week.  They’re not far from it now… Closing the spread between the official exchange rate and the parallel market rate is fundamental prerequisite [for a rate change]…the IMF along with the central bank..

Jeff – Dinar Guru   Question:  “How many banks in the US do you think would accept/exchange dinar?”  Jeff: At least the big four after the rate change.  Credit Unions don’t usually do foreign currency, so it would be at least the big 4 major banks – Chase, Wells, Bank of America, 53rd Bank and odds and ends… 

Stephen – Dinar Guru  I think there is a reason to be quite excited because the exchange rate is at the forefront of the discussion in Iraq right now.  We have never seen this much focus on the exchange rate…Leads me to believe we have some exciting times ahead of us.

Reset Intelligence – Dinar Guru  Two numbers tell you how it is going, where Baghdad [market rate] closes against the bank’s own price shows whether dollars are reaching people, the monthly oil exports figure shows whether the siege [in the Strait of Hormuz] is lifting…

Militia Man – Dinar Guru  The names for the remaining ministries are starting to come out, including Interior and Defense…Interior and Defense are the two seats that matter most for security guarantees…A fuller cabinet does not trigger a rate move, but it strengthens the same foundation a coordinated REER rests on. 

Jeff – Dinar Guru    They can’t go international at 1500. There’s no way in hell they can implement the budget.  They can’t do anything on an international level or approve this program budget at 1500…The devaluation helps generate more dinars from oil revenues, but it does not fully fund or eliminate the large deficit in Iraq’s 2027 budget…My gut tells me there’s some additional twists and turn in this…surprises…

Samson – Dinar Guru   Article: “IN THE WAKE OF THE U.S. DOLLAR’S RISE IN VALUE, THE U.S. IS SECRETLY PREPARING TO CHANGE ITS CURRENCY AND REMOVE ZEROS“

Stephen – Dinar Guru   Article quote:  “Citing informed sources: The government is keeping secret plans to replace the currency to prevent owners of illicit funds from converting them into dollars or real estate or other assets.”  That is directly from the horses mouth.  For those of us who are invested in the Iraqi dinar as speculators speculating there’s going to be a massive upward revaluation, the government is telling you right then and there, there’s a secret plan in place to facilitate this…This is probably the most important article I’ve ever seen.  It confirms to us as dinar investors.

Reset Intelligence – Dinar Guru  If you can’t see what is happening right now behind all of the noise and distraction, I urge you to look deeper and ask yourself [these questions]...Why was the Strait of Hormuz shut?  Why does the oil money of Iraq and Venezuela sit in accounts Washington controls?  Why did the coalition leave Iraq after 12 years? Why are bond yields at generational highs in the US, Britain, France and Japan together? Why is Iraq building oil routes around the strait? Why the $17 billion Development Road from the Grand Faw port to Europe? Why did Chevron agree to pay Iraq before the oil ships? Why did the oil and gas law move after 19 years?  Why are Iraq’s 2 biggest state banks being audited? Why are the armed factions being moved onto state pay?  [Post 1 of 2….stay tuned]

Reset Intelligence – Dinar Guru  Why are former ministers and prime ministers being arrested for corruption…?  Why did Iraq invite America’s banks in? Why has Iraq ordered 7.5 billion new banknotes? Why is a note smaller than 250 dinars planned? Why is deleting the 3 zeros under serious discussion? Why does Iraq now hold 175.6 tonnes of gold? And why did it cut the IQD to 1,500 this week?  None of this is random…The Iran war and the closure of the strait were never only about nuclear weapons. It is a forced plan: track and trace the corruption, bankrupt the old system, clean the books, reprice the money. But most people are watching a devaluation and think the RV isn’t happening. Iraq is the linchpin for the RV.  Don’t lose sight of what is happening.    [Post 2 of 2]

Jeff – Dinar Guru   Question:  “What do you think are the optics between Zaidi justifying to parliament the reasons behind the government’s decision to change the rate?”  Jeff:  It’s to implement confusion, misdirection so we and Iraqi citizens, nobody knows what the hell is going on.  They want this to look bad.  It’s the perception of making you think the rate is not going to change…That’s what this is about as an investor.  They don’t want you to know the rate is going to change.  They don’t want you to think Iraq is going international.  The other purpose was to create a dinar vacuum, suck in and withdraw 3-zero notes off the streets in Iraq…

Mountain Goat – Dinar Guru  …this shift to 150,000 dinar per 100 dollars is NOT going to change the parallel market. The parallel market will only shift along with it …There is only one (1) way for certain to deal with the parallel market and that is to eliminate, not let it exist any longer. This can only be done by repegging to a basket of currencies and getting off the sole peg to the dollar. But they can’t make this repeg until they go back to FOREX… Why don’t they just do it?  Well…first they have to remove the zeros. Also by repegging, the rate of the dinar is set to rise significantly.  

Reset Intelligence – Dinar Guru  A state…with new banknotes already ordered, 175.6 tonnes of gold…and 145 billion barrels of oil in the ground…took step 1 overnight with the rest of the sequence already designed is not settling in at 1500…The country with deep oil reserves and the gold went first. Everyone else at that debt wall [United States, France, Japan,  Britain] is watching what Baghdad does next.  This is what a plan decades in the making looks like and it starts with Iraq. 

Sandy Ingram – Dinar Guru  VES investors should pay attention to what is happening in New York.  Venezuela has not announced a revaluation of the Bolivar and the currency is actually continuing to weaken, but something important has changed.   Venezuela is talking directly with the IMF, World Bank and Inter-American Development Bank, while also discussing massive debt restructuring with the United States.  If those talks eventually produce debt relief, increased oil investment, greater access to international financing and lower inflation, they could improve the economic fundamentals supporting the Bolivar.  

Clare – Dinar Guru  Article: “Iranian Rial Hits New Low Despite $2 Billion Central Bank Intervention” Quote “Iran’s central bank said state banks would sell up to $2 billion in foreign currency to support the rial. The rial has lost more than half its value against the dollar over the past year, according to Reuters.” 

Stephen – Dinar Guru  Iraq just proved it can change the dinar rate without parliament approval…We’ve always known the CBI can pull the trigger at any moment they want.  This further solidifies that argument…The news is coming fast and furious.

Jeff – Dinar Guru   Iraq devalued their currency…Does the fact that the rate has already changed matter?  IMO no…Iraq can adjust its exchange rate while the budget is still being…drafted but not approved… What we care about is Tuesday 15th, that’s when they stated multiple times the budget would go to parliament for approval…We’re looking for parliament to boycott the budget and not approve it.  That’s exactly what you want.  As long as the budget remains unapproved that leaves the door open…Iraq is still eligible to change the rate again and go international.

Reset Intelligence – Dinar Guru  A bank preparing to cut its currency does not train exchange houses, buy gold and auction bills at the same the same steady rate week after week.  Our position has not moved.  Iraq is not rebuilding the currency to send it backwards.

Jeff – Dinar Guru    Iraq is going out of their way right now to lie to us, mislead, confuse at the maximum level that they can.  We’ve got to pay close attention.  If anybody is going to get emotional in this, this is your time to exit out.  This is the worst time for anyone to be emotional in this space…I’m not going to be emotional intros.  I’m going to stay grounded.  I will observe this..day-by-day to see what happens each day to see what direction this is going to go… 

Militia Man – Dinar Guru  New notes, redenomination, rate decision, Real Effective Exchange Rate, they can run side by side.  One does not cancel the other…

Clare -Dinar Guru   Article Quote:  “Raising the dollar exchange rate to over 1,500 dinars may not be the last surprise Baghdad has in store. While Iraqi markets have begun adjusting to the new rate, the government, according to informed sources speaking to Al-Mada, is preparing for a more sensitive step: replacing the currency and removing zeros. The sources say the process could begin within a few months, perhaps at the start of next year, but no later than the first quarter of 2027…Replacing the currency could help track down at least $200 billion believed to be held by corrupt individuals.”

Reset Intelligence – Dinar Guru   Iraq’s cut to 1,500 is the first move in a sequence: Lower the rate. Replace the currency. Raise the rate…Step one is now done.  Most people have forgotten how much of the rest Iraq has already put in place: the new notes, the smaller notes, the coins, the gold, the banks, the pipelines, and the oil that has to flow before the last step can happen. That oil is moving again.

Stephen – Dinar Guru  They’re not going to tell us everything. If the revaluation/reinstatement is going to be this massive wealth event for the country of Iraq and anyone that holds their currency, do you think it’s going be out in the open as far as what they’re doing?  Or do you think there’s going to be confusion, which is what we’re seeing?  Most likely it’s going to seem like things are not going to change or get better, which is what we’re seeing…

Jeff – Dinar Guru   Notice how at the same time as the cabinet is ready to go to vote, which allows them to revalue, they quickly created a dinar vacuum to suck in the last remaining notes, implement misdirection, confusion and so forth.  Perfect timing to bring this all together and wrap this up within the next few weeks…

Mountain Goat – Dinar Guru  Remember we are dealing with Iraq and so things could change suddenly. There is also much more progress than what we read in the news. We don’t need a ‘perfect’ Iraq to have a reinstatement. Only to follow ‘the plan’ and get enough security and stability to attract investors to grow the economy. I firmly believe statements I hear from the IMF and the CBI that Iraq is to be the ‘financial center’ for the middle east… Do you see now why President Trump is paying so much attention to the country?

Stephen – Dinar Guru I got a notification in the middle of the night that the CBI changed the exchange rate.  As you can imagine I was excited and couldn’t wait to check my phone and see what it was.  It wasn’t the change we all wanted.  However I do think this is a critical piece of the puzzle and plays a large role in the sequence of events that we are all waiting and hoping for…I believe a revaluation of the currency is imminent and it will happen in the very near future.

Jeff – Dinar Guru  There’s not going to be two different rates.  There’s only one rate…For the citizens that live in the country…prior to the rate changing, they could buy a bag of groceries or a 25k note.  After the rate change, they’ll be able to buy the same bag of groceries with a 25 note…The notes are going to have the same purchasing power before the rate changes to after the rate changes…Out of country it’s different because now you have the value of the dinar against foreign currencies.

Sandy Ingram – Dinar Guru  Don’t let the currency set back destroy your long-term outlook.  Iraq is a nation with tremendous natural resources, economic potential and opportunities for growth.  A currency’s weakness today does not determine its value tomorrow…A major revolution was never guaranteed…Investing is not just about hoping for a better tomorrow. It’s about understanding what must happen to make that tomorrow possible.  The IQD story is not over.

Kaperoni – Dinar Guru   Article: “Iraq ranks third in the Arab world and 28th globally with cash reserves amounting to $85 billion.”