Dinar Observer Daily

Kaperoni -Dinar Guru  Nothing’s going to happen with the Dinars value until Iraq develops their own economy and begins to prosper. Only with the success and growth of their own financial system, economy will the dinar rise in value.

Sandy Ingram – Dinar Guru  What we know: the development road project, manufacturing, oil and religious tourism revenue will increase Iraq’s annual revenues beyond expectations.  What we did not know is Iraq’s tourism industry has already generated over $12 billion in revenue a year.  The mainstream articles never revealed the actual income…  This is another sign Iraq is hiding its actual annual revenue…

Fnu Lnu – Dinar Guru  There are no back screens, redemption centers, alternative rates being offered to special  people...Stay calm and all will be revealed..

Pimpy – Dinar Guru   Article:  “Prime Minister’s Advisor: Baghdad summit took place regularly and Iraq regained its leading role”  This is an important place for Iraq.  They once were the lead over in the Middle East and it looks like they’re regaining their spot…There are big things coming for Iraq and Iraqi people all tied into the economy.  I’m looking forward to seeing Iraq grow…

Militia Man – Dinar Guru  Article quote:  “…There would be an announcement of economic initiatives that would have a development impact on all countries…”  If you change the value of your currency and you start swapping currencies with others, I think it’s going to have an impact.  When they have the ability to adjust the value of their currency, they’re going to have all these countries that will be impacted, on the same page and at the same time.  I believe the summit set that stage because of their approval. 

Mountain Goat – Dinar Guru  I have been told years ago and this still holds true today that when the CBI is ready to conduct the Project to Delete the Zeros in-country, we will not have to guess or spread rumors about it. It will come out in the news…as all Iraqi citizens must know about this event and will know. It will be common knowledge. There is no hiding it. For us investors this is our que to know that of what comes next, the reinstatement.

Militia Man – Dinar Guru  The United States is talking about currency manipulation…When Iraq has a real effective exchange rate, all those trading partners that have…the dinar, are probably going to get an adjustment…If all boats rise with the tide and all those currencies have more value to the United States dollar because they’re adjusted accordingly based on their natural resources, which all those countries have a lot of natural resources, and if they all hold foreign currencies of each other’s currencies, the valuations are going to go up…They’re going to be able to buy more dollars…with less of theirs.  It’s actually a brilliant way of doing things.  That’s why everybody is flocking in [to Iraq].  Because it’s like a lottery for them to some degree.

Mountain Goat – Dinar Guru  Once the parallel market gap is gone and the dollar matches or better (1:1), the CBI official rate of 1320, my contact told me the “official” rate will then revalue. My guess is it will be around 1166ish or better. They might go straight to 1 dinar = $1 dollar even. Was 1166 not the “official” rate of the Dr Shabibi era when in 2012 he announced the Project to Delete the Zeros was targeted for the fall of that year? I think Ali Alaq has a better plan going, better because he can, while in Dr Shabibi era Iraq was still under sanctions.

Militia Man – Dinar Guru  The Central Bank of Iraq and the government have an obligation to teach their citizens about economic reforms…But one of the things they will not tell you is when a revaluation will take place because that’ll go against exactly what it’s meant to do, to have an economic effect.  We can see because of our study, an economic effect is about to happen.  It really looks that way.

Sandy Ingram – Dinar Guru   Article:  “Iraq plans digital currency to replace paper notes”  Iraq’s currency more than likely will be exchanged at the local bank, your local bank, or through Forex market.  However the Central Bank of Iraq wants to go digital first.  The Central Bank of Iraq’s governor announced…Iraqi banknotes will be eliminated and replaced with Iraq’s central bank digital currency.  So yes, Iraq is planning on entering the global market…Here’s the problem…More than likely Iraq will give a deadline or dates when banknotes can be exchanged for digital currency…Iraq or no other country is in a position to exclude legal investors who are holding legal banknotes…How will we exchange our banknotes for digital currency?

Pimpy – Dinar Guru   What do you think, the dinar is trying to tank their entire economy?  Not going to happen…If they delete the zeros your 1,000 dinar is going to become 1 dinar.  Your 25,000 dinar is going to become 25 dinar.  They’re going to have to make new bank notes.  It’s called a redenomination.  Only the nominal value, which is [the numbers in the corner of notes] is going to change.  It’s going to go from 25,000 down to 25.  The actual value is still going to be $19 USD [at the current rate] in exchange whether you have the zeros on there or not.

Fnu Lnu – Dinar Guru   Article:  “…Iraq is expanding its agricultural plans by cultivating desert lands, relying on well water, and developing drought-resistant crop varieties…Iraq has now reached self-sufficiency in seven agricultural products year-round and is exporting 13 crops, including dates, tomatoes, potatoes and watermelon…with a target of 30 million palm trees within three years.”  Iraq continues to move forward toward self-sufficiency by developing agriculture. They are now exporting 13 crops and are self-sufficient in 7 crops.

Militia Man – Dinar Guru  Agriculture and residential fields – that all take really big money to build that.  That’s comes back to the budget.  They’re not going to be able to build industrial refineries and stuff like that at 1310.  They’ve never done it before why are they going to do it today?  They’re not.  It’d be just like suicide.  Think about it, if you have a real effective exchange rate and the dinar is much stronger than the dollar it becomes far cheaper to build this out.

Mountain Goat – Dinar Guru  They have told us over and over again that they needed time for the reforms to work and so…we see them working now…the stops along the way are the steps to get the reinstatement…Yes, it is all happening NOW not years from NOW. It is right in our faces now…

Militia Man – Dinar Guru  The country of Iraq is talking about global output…You’ll be surprised how impactful that’s going to be in the country of Iraq because they’re going to take advantage of inputs and outputs.  They’re filthy rich with  natural resources.  They told us the other day what?  16 trillion in just two rare earths.  16 trillion!  That’s not including oil,  gas, tourism, any of that...The currency is at what?!?!

Clare – Dinar Guru  Article: “Ministry of Oil: Iraq is floating on a large and inexhaustible oil and gas reservoir.”  Quote “Iraq is floating on a large oil and gas reservoir from north to south, and it will not be depleted from now on and for a very long time.”

Samson – Dinar Guru  Article: “CENTRAL BANK OF *IRAN* : REMOVING FOUR ZEROS FROM THE NATIONAL CURRENCY IS AT THE HEART OF THE ACTION PLAN FOR THIS YEAR“

Fnu Lnu – Dinar Guru  Iraq HAS NOT completed everything needed for ascension to the WTO. They passed a compliance audit recently which was good news however, The WTO and Iraq have a meeting scheduled for August where they will have a roundtable meeting in August, and discuss Iraq’s progress in the membership process. After that, they will schedule a meeting for the end of Summer to review what the advisory members have to say about the issue of stability and systems updates.

Pimpy – Dinar Guru  The Iraqi central bank wants to remove the zeros off the Iraqi dinar.  We spoke about this at least 5 billion times…They’re talking about the removal of the zeros, the deletion of the zeros.  He’s talking about a redenomination…A 1,000 dinar note becomes a 1 dinar note.  Get it?  Deletion of the zeros.  Removing the zeros only affects the nominal value not the actual value. “Nominal” is the way the bank note looks.  So instead of it being 1,000 dinars, it’s a 1 dinar.  That’s the only value that changes.  Not the actual exchange value.  That will remain the same.  [Post 1 of 2….stay tuned]

Pimpy – Dinar Guru  So let’s say they didn’t delete the zeros.  You have a 25,000 dinar note.  Times the current exchange rate .00076 comes out to $19 [25,000 X .00076 = $19].  If they delete the zeros your 25,000 dinar becomes a 25 dinar…You take the 25, now the zeros are going, multiply the exchange rate, which they took the 3 zeros off, which is .76 is still $19 [25 X .76 = $19]…With the zeros, $19.  Without the zeros, $19…..The nominal value will change, but not the actual value…They need to change the old bank notes for the new bank notes…You’re going to exchange your 25,000 dinar straight across for 25.  That’s what’s going to happen…You’re not going to be able to exchange 1,000 for 1,000.   [Post 2 of 2]

Mountain Goat – Dinar Guru   … the rise of the dinar against the dollar continues. Many economists believe that the rate of the dollar will SOON be equal to the “official” CBI rate of the dinar. Does this sound like 1:1 to you?  Let’s break it down. So, if the dollar on the parallel market does reach 1320 that’s 1320:1320, is it not?…Is this not the same as 1:1?...“WOW! WOW! WOW!”  Do you see now why I have been placing so much emphasis on this parallel market? Heck, it was not me alone but the CBI too, of course with the efforts from my CBI contact. “WOW! WOW! WOW!”…

Militia Man – Dinar Guru   Article quote:  “Our dinar continues to recover up to the official price…the main reason of the recovery is the reform policies…”  They’re talking about the parallel market and the official price… The exchange rate of Iraq having par at a specific time reeks of getting the parallel market, which is the illegal cash market…mechanism working.

Clare – Dinar Guru   Article:  “How did the Central Bank’s strategic plan control the dollar price?”  Quote:  “Saleh explained that the narrowing gap between the official exchange rate and the parallel (black) market exchange rate is one of the most prominent indicators of the success of the strategic approach to controlling the currency market outside official channels, which has had a positive impact on economic stability and the interconnectedness of the Iraqi economy…This approach has contributed significantly to enhancing the stability of the monetary market, which benefits the strength of the Iraqi dinar…“

Mountain Goat – Dinar Guru  Article:  “THE DOLLAR CONTINUES TO FALL IN IRAQ. IS THE MARKET APPROACHING THE OFFICIAL RATE?”  Quote:  “...the gap between the official price and the parallel market price is close to disappearing…we may soon see it reach the official rate.”   My CBI contact told me, and still tells me, that when this gap is narrowed to a point or the gap disappears entirely between the two rates, the CBI fully intends to conduct another revaluation of the dinar…

Militia Man – Dinar Guru  Those that have a ‘need to know’…when it come to investment in Iraq are going to have access to that data…They’re not going to get a date and rate…What they do do is give you the accurate information…Once again the media has been schooled.  The importance of giving out real news and not fake information with political motives is what they’re coming at.  It’s obvious that we should all, even you, do a little bit of due diligence because if you own Iraqi dinar or other currencies you should know what you own…I think it’s a really good time to focus in on that.

 Clare – Dinar Guru  Article: “The dollar’s exchange rate is stabilizing towards its target: adaptation or adjustment?”  Quote: “It became clear in the period from last April until this May that the dollar exchange rate in Iraq began to stabilize, declining towards the (official) target level.“ [Dinar Guru Note: A decline in this instance is what dinar investors want to see.]

Samson – Dinar Guru  Article: “GOVERNMENT ADVISOR : THE CENTRAL BANK’S STRATEGY CONTRIBUTED TO A DECLINE IN DEMAND FOR DOLLARS ON THE PARALLEL MARKET“

Militia Man – Guru  They haven’t exposed Article 12-2 paragraph C of the 2024 budget yet.  I believe it is exchange rate related.

Sandy Ingram – Dinar Guru  The Central Bank of Iraq has announced pilgrims can purchase dollars through designated banks and companies in Baghdad and other provinces.  The process involves exchanging Iraqi dinars for US dollars at the branches of participating banks and companies … We can only hope this procedure continues once the value of the IQD float to an acceptable level against the US dollar …Please do not take this news out of context. No one said anything about an RV or float at this time.  We are watching Iraq’s policies and procedures to determine our course of action for exchanging the Iraqi dinar for the US dollar or Turkish Lira.  All we need now is a level 2 travel alert from the US State Department.  Iraq’s foreign Minister …asked that the travel ban be lifted when he was in Washington DC.  Oh, yes you will also need a passport.

Fnu Lnu – Dinar Guru  Article: “The Abu Dhabi Securities Exchange (ADX), the UAE’s largest financial market, has signed an agreement with the Iraq Stock Exchange and the Iraqi Securities Commission (ISC), paving the way for Iraq to join the regional digital trading platform, Tabadul.”  As you can see, the arrangements being made for the Digital Iraq are more far ranging
than you may have thought. There is much work to be done yet as many dozens of infrastructure projects, and housing projects, continue to be added to the agenda weekly. The Iraq stock market did very well in the past year with many yields over 100%. There are no discussions of the RV/RI, by any credible source, to be found anywhere.