Dinar Observer Daily

Clare – Dinar Guru   Article:   “Iraq faces US banking guardianship… two crucial weeks for private banks”   Quote:   “Less than two weeks remain for private banks in Iraq to comply with the financial reform roadmap developed by the American firm Oliver Wyman, a move described by economic circles as ‘the last chance’ to save the banking system from the specter of liquidation and bankruptcy…The countdown has begun“

Nader – Dinar Guru  The good news is your currency, the paper you hold it’s not going to change anything on it.  What’s going to change is the digital currency in Forex, they’re going to take the 3 zeros off.  That’s for sure guys.  That’s good news.

Militia Man – Dinar Guru  Article: “Rafinain Bank confirms our agreement with K2 Integrity puts Iraq on the map of the global financial system”  This is a powerful company.  It’s a powerful entity.  It is a sign to the global financial system that Iraq has done the preparation that she needs to join the international world.

Mountain Goat – Dinar Guru   …there are elements in Iraq that do not want the reinstatement to happen. The reinstatement will totally shut down their funneling of money to Iran, once done. Now we can see why the CBI is working so hard to put mechanisms in place to prevent such money laundering.

Clare – Dinar Guru   Article:  “Al-Alaq details Iraq’s banking reform plan”   Quote:   “Central Bank Governor Ali Al-Alaq clarified the details of the banking reform plan on Monday…After a thorough study of the plan and in agreement with international bodies and correspondent banks, we believe that banks that can adhere to these standards will have their dollar transactions lifted and will establish normal relationships with foreign correspondent banks.“

Nader – Dinar Guru   I’m happy about the exchange rate when you see the parallel rate and the official rate it’s getting very close together.  That’s what I’m excited about.

Sandy Ingram – Dinar Guru  The Central Bank of Iraq is making headlines with major reforms aimed at overhauling the country’s banking sector.  Iraq is making every effort to satisfy the recommendations of the IMF and the US Treasury Department.   One of the biggest changes requires Iraqi banks to raise their capital to 400 billion dinars which is about $306 million by the end of 2025…Iraq’s central bank is taking bold steps… 

Jeff – Dinar Guru   Across this weekend the central bank has been putting a huge emphasis on banking reforms.  Why is that?  Because Iraq’s about to revalue the currency and get back on the world stage…The banking reforms are coming forward because they’re ready and timed with the rate changing…

Clare – Dinar Guru   Article: “Al-Sudani’s advisor identifies the reasons for the decline in the dollar exchange rate.” Quote: “The Prime Minister’s financial advisor, Mazhar Mohammed Saleh, outlined the reasons for the decline in the dollar exchange rate and…pointed out that the expected economic impacts can be monitored as follows: First, on the economic movement, which is represented by: (a decrease in import costs and an increase in purchasing power, strengthening confidence in the Iraqi dinar and stimulating local investment, and a revival of domestic commercial activity as a result of lower operating costs, and second, the economic impacts are…most notably a decrease in the prices of imported food and medicine, and a reduction in inflation…as well as improving the purchasing power of citizens,”

Mountain Goat – Dinar Guru   Article:  “ERBIL, BAGHDAD SIGN OIL EXPORT MECHANISM AGREEMENT” Once this agreement was made now its time for Baghdad to reach out to Turkey to work with them on a trade agreement.  Article:  “IRAQ AND TURKEY AGREE TO FORM A JOINT CUSTOMS COMMITTEE TO ENHANCE TRADE COOPERATION.”   So this… article show us progress in this area too.  But there is much more to do for the Oil but I am confident this will all work out now that Kurdistan is happy.

Militia Man – Dinar Guru All the data we have has been focused in on Iraq still moving forward with the government plan, end of story.  Integration is a big component of it.  All of the steps that we’ve had from the central bank and all the stuff that Oliver Wyman and K2, Ernst and Young, all of that is to get Iraq integrated into the global financial system. It’s about a timing mechanism…I think it’s powerful news.

Samson – Dinar Guru   Article:  “Rafidain Bank confirms: Our agreement with K2 Integrity puts Iraq on the map of the global financial system.” Quote: “This partnership would not have seen the light of day without the great support of Prime Minister Mohammed Shia Al-Sudani…Through K2 Integrity’s services, we will be able to issue reports according to the highest international standards, which will put us back on the map of the international financial system and give us the ability to open up to global correspondent banks and attract foreign investment…Simply put, we are laying the foundation for an Iraqi bank with a global identity.”

Sandy Ingram – Dinar Guru  We like to bring you only good news, but that is not how life works.  Iraq has been bombarded in recent weeks by drone attacks for which no one has taken credit.  It doesn’t take a PhD to understand that more than likely Iran-backed militants are attacking Iraq because of recent decisions that favor the United States agenda.  Of course Iraq is going to side with the United States because the United States is holding over $100 billion dollars of their money.  But things could get much worse for Iraq…If major global investors see Iraq as politically risky they might not push for or participate in moves that straighten the Iraqi dinar. 

Militia Man – Dinar Guru  We’re going to maybe see a surprise.  Because Iran is one of Iraq’s largest trading partners.  Yes we’ve had sanctions and we have some conflict in the Middle East…There’s two articles about Iran removing 4 zeros…One of the things that’s interesting here and it’s no different than Iraq is that I know they were going to talks about coinage in Iraq again…Iran’s gong to drop 4-zeros off their currency and Iraq is going to drop 3 zeros…They’re trading partners.  That kind of levels the playing field…If they can do the same thing at or around the same time, that might be a surprise.

Clare – Dinar Guru  Article: “Rafidain Bank confirms: Our agreement with K2 Integrity puts Iraq on the map of the global financial system“ Quote: “signing the partnership agreement with K2 Integrity represents a qualitative shift in the bank’s journey...The partnership comes with direct support from Prime Minister Mohammed Shia Al-Sudani”

Mountain Goat – Dinar Guru  Another item is the much-needed Oil and Gas law.  Article:  “ERBIL, BAGHDAD SIGN OIL EXPORT MECHANISM AGREEMENT”.  In a major breakthrough, the Kurdistan Regional Government’s (KRG) Ministry of Natural Resources and the Iraqi Ministry of Oil have finalized and signed a comprehensive agreement on the mechanism to resume oil exports from the Kurdistan Region, paving the way to end a costly suspension that has been in place since March 2023. So, although they may not have the new Oil and Gas Law fully in parliament yet, we learned that they are getting very close to resolving past issues and use these crises to build the new law, as the years passed.

Militia Man – Dinar Guru  You’d be surprised on how confident I am that the redenomination, revaluation and applying a real effective exchange rate is.  Iraq coins, that means value.  It means they’re going to have a powerful exchange rate.  Al Sudani said…the dinar will be stronger than the dollar.  I think it’s going to hold true.

Nader – Dinar Guru   Trump has nothing to do with this [the dinar RV].  I like Trump.  I voted for Trump.  I stand for Trump.  I disagree with him in a couple of things where he can do a lot better…

Pimpy – Dinar Guru  I would love to see it go to $3.00+, where it was before.  Even with the deletion of the zero, I get over $15,000.  I’m not going to bitch about that.  All my dinar cost me less than $2,000.

Militia Man – Dinar Guru  Iran is moving towards a historic change in its national currency, removing 4 zeros…   Article quote:   “Iranian cabinet approved a plan to remove 4 zeros from the national currency...”

Nader – Dinar Guru  They’re getting ready to change the currency.  Here’s the good thing, they’re not going to change the paper.  They’re not going to delete the 3 zeros from the paper.  That’s really good.  I’m excited when I heard that.  They’re going to make it more digital than anything else…That’s what we want.  You don’t want them to delete the 3 zeros and then you have no way to change your dinars.

Mountain Goat – Dinar Guru  ...my CBI contact said… they need to do the project (the Project To Delete the Zeros) very soon to get all this hoarded cash into the banking system…Think about this – Who the hell is going to turn in their three zeros notes if the dinar is not worth more than the dollar?  They know what is coming and they are waiting for it just like us…over the years, the CBI has tried every trick in the book to get these dinar hoards in the banks, unsuccessfully. This new rate will be the second of the two rate changes we were promised by the CBI years ago…finally! The CBI told us it must be just over a dollar.   [Post 1 of 2….stay tuned]

Mountain Goat – Dinar Guru   Remember folks this will be in Iraq in country ONLY!  We can not yet go the banks when this happens. It will not yet be international…the CBI can not let the dinar sit there for too long without migrating to the out of country global currency exchanges. To wait would also be disastrous too. This is why when this does happen we must watch the dinar VERY  closely since it could then pop out on FOREX at about anytime afterwards. Then we go to the bank…as investors if you want a timing…watch the process.   [Post 2 of 2]

Militia Man – Dinar Guru There is a lot of people out there that don’t think this is ever going to happen and they have a view that it’s going to be sometime next year or years down the road still.  This process has been going on for over a year now with Oliver Wyman.  This process is now at a level I believe to be an execution phase…They have a stable and flexible and  secure banking system.  That’s one of their main goals.  They’ve been doing all that.  This all aligns with international standards, local laws…global integration…Iraq is further along than a lot of us ever thought…

Samson – Dinar Guru  Article: “Iran is moving toward a historic change in its national currency, removing four zeros and adopting the toman and quran.“

Pimpy – Dinar Guru   If they do the deletion of the zeros, whether it’s called a lop, the removal of the zeros, deletion of the zeros, it doesn’t make a difference.  It’s all the same thing…Whenever you remove the zeros… lop it off…delete it or anything else, it’s called a redenomination.  That’s what they’re talking about doing…Here’s how it works…You have 25,000 dinar [note] at the current exchange rate of $0.00076.  It’s worth $19.  When they delete the zeros, they’ll take the zeros off the bank note and it becomes 25 and they’ll take the zeros off the exchange rate… $.76.  When you multiply 25 x .76…it’s still $19 because the purchasing power hasn’t changed…You’re only changing the nominal value.

Militia Man – Dinar Guru  Low inflation is a good thing confirmed previously and the CBI strategic reforms create a favorable environment for a redenomination…Redenomination with revaluation applying a real effective exchange rate is where you get fundamental value.  You get it based off real assets and the fundamentals of a country.  1310 is not a fundamental value.

Mountain Goat – Dinar Guru   Today I am bringing you amazing news of the Project to Delete the Zeros and that it is now in site...Our entire following of this RV is geared around the efforts of the CBI is making towards the overall plan to get to the reinstatement…under the direction of Ali al-Alaq, the CBI is following the basic steps to get there…it appears once again that the CBI is moving towards an end-of-the-year reinstatement (maybe January 2026) allowing time between August 31st and December  31st to conduct the Project to Delete the Zeros…this was the same timeline of Dr Shabibi in 2012-2013 when he was attempting to do it…Can the RV happen earlier?  Sure it can and no one knows the date…We just have to wait and watch.  Here is what we know…  [Post 1 of 2….stay tuned]

Mountain Goat – Dinar Guru 1. They just told us the parallel market is now under control. WOW!   2. They told us in the past when this occurs, they can then move towards the Project to Delete the Zeros, the next phase in the currency reform process.  3 …we find significant evidence that Iraq is now in a situation that they could and are now moving aggressively towards  implementing the redenomination from the three zero notes to the newer lower denominations (the Project To Delete the Zeros)…They need to get these large hoards of cash (80% of the currency) inside the banking system. 4. My CBI contact confirmed …that the content of the recent article titled “BREAKING: IRAQ’S CENTRAL BANK LAUNCHES DIGITAL SECURITY PLATFORM FOR CASH OPERATIONS!” is a key component of this project…Also remember that in order to redenominate …the Iraqi redenomination will need a significant change in the rate to be successful.    [Post 2 of 2]

Militia Man – Dinar Guru  Great information coming out…from the Central Bank of Iraq…They’re having meetings with Oliver Wyman, one of the largest financial institutions in the world…They have a security clearance platform they’re dealing with…These things are tying into what we believe is setting up for a redenomination and revaluation of the Iraqi currency. The evidence isn’t my view per se, but the evidence is in print…