Dinar Observer Daily

Pimpy – Dinar Guru  The IQD is not officially trading on the Forex right now because it’s part of their punishment, but it’s listed there because they had a pairing at one time just like the [Venezuela] Bolivar…Once they’ve been paired before, even though they’re in trouble and they might not be officially trading on the Forex, they’re still listed as trading 1 to 1.  That doesn’t mean that’s what’s happening, it’s like a placeholder.  Think of it as a book-marker. They’re not officially trading at 1 to 1…A book-marker, that’s all it is…When the time comes and they start trading on the Forex again…they’re already set up and can start trading right away.  That’s the same with all currency exchange websites.

Newshound Guru Militia Man  The Central Bank…is probably telling people [exchange companies], if you don’t do this [play by the rules] you’re going to have a big problem…Those 1200 entities that were talking about going on strike got a reality check.  Because could you imagine holding massive amounts of US dollars when you could be holding dinar and they change the value of the currency to show their purchasing power when they drop the three zeros?  It’s going to bring value.  It’s not a lop like a lot of people keep thinking…It doesn’t bring any value.  A lop is like a reverse split…It’s silly.

Mountain Goat – Dinar Guru   …two main issues concerning the monetary policy…The first issue is about the cash outside of the banking system…that the percentage of cash outside the banking system reached 91%… they already told us they have plan to retrieve this money… as investors in the dinar…part of the 91% also includes our dinars. They told us this money is desperately needed in the banks…But how will they get ours, as investors? So, the answer is…the CBI will have to revalue the dinar enough to a significant level to get us foreign investors to run to the bank and turn it in.    Within Iraq, however it is much different and they only need to overcome the parallel market rate of the dollar and these notes will come flowing back in to the banks. This is also when they can begin the swap out to the newer lower denominations…  [Post 1 of 2….stay tuned]

Mountain Goat – Dinar Guru  The second is the reluctance of the US to allow the currency reform process to move ahead as the 3rd phase of the strategic plan calls for and is supposed to have already begun. But can it really begin without this measure? It is already a week into July and still the US has not given its confirmation as to the support they will give for this next part of the phase…there is not really much going on in the currency reform process…to indicate that the 3rd phase is started…One solution, as we learned, was for the three letter agencies to open the spigot and pour out the very good news about Iraq’s stability. Folks they are prepping for something really big in the very near future. They are trying to kickstart this 3rd phase of the strategic plan…  [Post 2 of 2]

Militia Man – Dinar Guru  Probably shortly you’ll find that Iraq is going to do something with their exchange rate to be IMO an IMF Article VIII complaint exchange rate that will be openly traded on Forex...

Sandy Ingram – Dinar Guru  The IQD Wait: What’s Taking So Long? The 2003 Invasion, ISIS, and the Pandemic have all contributed to the delay in the Iraqi Dinar’s increasing value. Iraq’s economy got into trouble during the Iran-Iraq eight-year war and has been struggling ever since.

Nader  – Dinar Guru  Lots of things happening…I see good news coming up this week so stay tuned...What’s happening now it’s good.  I can say we are very close.

Pimpy – Dinar Guru  The IMF can’t force countries to do a specific exchange rate.  They can have input.  They can talk to a county about their exchange rate but each country is sovereign.  They’re independent.  No organization, whether it’s IMF, World Bank, WTO, can force a country to use a certain exchange rate...

Clare – Dinar Guru  Article: “Airlines set date to resume flights between Baghdad and Moscow”

Samson – Dinar Guru  Article: ”91% of the Iraqi currency is outside the banking system”  Quote:  “Economist Munar Al-Obaidi announced that the money supply rose to more than 102 trillion dinars until last June.”

Militia Man – Dinar Guru  I think when they say, “Whose operations are constantly expanding in favor of dealing at the fixed official exchange rate“, is an argument suggesting that instead of being a floating currency…they’re leaning towards a fixed official exchange rate for some time...

Sandy Ingram – Dinar Guru  The dollar has gained over the dong 4.31% since the beginning of 2024.

Pimpy – Dinar Guru  Be careful of the hopium.  I said this and I’ll say it again, the value of the Iraqi dinar will increase but there’s a possibility it might not happen the way you’re being told…

Militia Man – Dinar Guru  Iraq has been and is seeking to join the World Trade Organization…Iraq is promoting self-sufficiency.  Why?  Because they have all kinds of assets.  They have inputs and outputs.  They have so many natural resources that they’re going to be able to make things, to be able to have excess…There’s a working party on accession of Iraq [into the WTO] on the 18th of July.  That’s important.

Clare – Dinar Guru  Article: “Iraq is the fifth largest economy in the Arab world and the 52nd largest economy in the world” Quote: “The magazine indicated that Iraq ranks fifth in the Arab world after Saudi Arabia, the Emirates, Egypt and Algeria.” 

Sandy Ingram – Dinar Guru  Iraq has the the largest foreign currency in the country’s history.  I has also amassed a small fortune in gold and made significant strides in developing the country.

Pimpy – Dinar Guru  Community Comment:  “The CBI is going to wait until they’re forced to increase their purchasing power.”  No.  The CBI is going to wait until it’s necessary to increase the exchange rate.  Just because everybody out here that owns Iraqi dinar feels like it should be done and they want it done today doesn’t mean it’s going to happen.  They have to do what’s right for the Iraqi people.

Militia Man – Dinar Guru  Article quote: “The fixed exchange rate system in Iraq is based on an international reserves base is the highest in the history of Iraq…Foreign currency covers more than 100% of the total currency issued.”  Even the trillions, they have enough reserves to do that.  In other words if they change the exchange rate to something that’s strong, that reflects the true fundamentals of the country, they shouldn’t have any problem.  Their model is stable, secure…very little inflation.  They’ve been successful doing this model…

Pimpy – Dinar Guru  Question:  “Can someone please explain why Pimpy is in this?  Does he or does he not believe in the RV?  I’m Pimpy and I can answer that question.  Do I believe the Iraqi dinar can revalue?  Yes.  I’m in this because I think the Iraqi dinar will revalue.  As a matter of fact it’s revealed a few times…

Militia Man – Dinar Guru  The electronic age is going to allow them to….spend the money efficiently.  And for what?  The operational side of the budget and the investment side.  That’s one of the key things Sudani was waiting to be able to pay for.  He said he launched this program and they said they got started in implementation phase as of the 1st of July.  The investment portion of it has my concern because I think that’s where we’re going to be looking for the real effective exchange rate.

Kaperoni- Dinar Guru  Article: “Securities Commission: The government has successfully completed the sale of financial bonds“

Pimpy – Dinar Guru    July 18th is going to be good.  They get to go there, meet with the World Trade Organization.  There’s going to be information and reforms and requests made by the WTO that they are going to hand off to Iraq.  Iraq is going to go over there and drop off additional materials that was requested from the last meeting and ask questions to make sure their accession into the World Trade Organization continues to go as smoothly as possible.  As far as the exchange rate is concerned, no it’s not going to be brought up there because that’s not the job of the WTO.

Mountain Goat – Dinar Guru  …everything is set to move ahead with the process of currency reform. We are just waiting. We know that the next step must be taken to move ahead and that is to revalue in-country only first just slightly over a dollar, then conduct the Project to Delete the Zeros as the currency swap out takes place. The CBI told us then they plan to monitor for a short time for inflation and then move to reinstate the dinar back to FOREX and when doing so the IMF plans to place the dinar in a new peg as in a basket of currencies and float it.   …this should have already been accomplished in June and is late. It is failure on the part of the US because the US is still stalling it.

Pimpy – Dinar Guru   Community comment: “July 18th is the next meeting [between WTO and Iraq], they need to RV before then”  No they don’t have to RV.  People keep associating the RV with the accession into the World Trade Organization…The World Trade Organization doesn’t deal with the exchange rate.  They deal with the regulation and transparency of trade between countries.  That’s it.

Militia Man – Dinar Guru  Iraq has a project to delete the zeros.  The delete the zeros hasn’t happened yet…  Iraq doesn’t have an international acceptable tradable currency just yet…

Samson – Dinar Guru   Article:   “Who is the new Iranian president, Masoud Pezeshkian?”  Article:  “Pezeshkian as Iran’s President“

Sandy Ingram – Dinar Guru  The two exchange rates [Official rate and market rate] MUST come into alignment before there can be an increase in the currency value.

Pimpy – Dinar Guru  Article quote:  “In the face of the strength of the official central exchange market the exchange rate of the dollar to the dinar in the parallel market today in our country does not constitute any relative importance in the stability of the general level of prices…due to the impact of the current dominant official exchange rate factor on the financing of foreign trade imports of 1300 per dollar.”  You guys aren’t going to like this but what this guy is saying is they’re very comfortable with the current exchange rate because it’s very strong.  It doesn’t sound too much like they want to change it anytime soon.

Militia Man – Dinar Guru  Article: “Prime Minister’s Advisor: Iraq in the process of paying off long-term development loans to the World Bank” It looks like Iraq’s financial situation is solid as they get effectively. She has so many revenue streams coming on board now it will only get better and the World Bank, the IMF, the UST, etc all know it.   Hence, the view of Iraq will bring confidence to the largest Banks and Financial Entities in the world. That was broadcasted globally too.

Pimpy – Dinar Guru  Question: “So you’re saying there will not be a reevaluation?”  I never said that.  That’s one of  those fake rumors that are going on around about me, that I said that’ll never revalue.  I never ever ever ever said that it’s  never going to revalue.  What I told people is, it might not happen the way people think and that’s what people don’t like.