Dinar Observer Daily

Clare – Dinar Guru  Article: “US State Department on the Iraq-Iran Security Agreement: We reject any legislation that conflicts with our goals” Quote: “The US State Department expressed its rejection of the security memorandum of understanding recently signed between Iraq and Iran on Tuesday evening, reaffirming its opposition to any legislation that conflicts with US objectives and contradicts efforts to strengthen Iraq’s existing security institutions…We support true Iraqi sovereignty, not legislation that would turn Iraq into a vassal state of Iran Bruce emphasized“

Kaperoni – Dinar Guru Article: “10 banks are unable to return customer deposits, and lack of confidence keeps 80% of funds outside banks.

Sandy Ingram – Dinar Guru   Despite Iraq’s substantial oil reserves, there’s little international demand for the dinar.  This lack of demand coupled with Iraq’s ongoing economic challenges and reliance on oil exports priced in US dollars, has contributed to the dinars low exchange rate….[We] expect the Development Road Project, a massive $17 billion project, that will shorten the shipping route between Asia and Europe, will change the need for the IQD.  No less than ten countries will need the IQD to lower the cost of shipping goods from Asia and the Middle East, which will automatically increase the need for the IQD.  Plus, Iraq’s GDP will increase due to lower unemployment rates and higher oil revenue due to massive oil field expansions. 

Pimpy – Dinar Guru Trump wants Iraq to be sovereign, to be independent away from the influence of Iran.  Iran as weak as they are right now, they’re going to do everything they can to hold on as tightly as possible to Iraq…The fact that Iraq’s politicians are all Iranian backed politicians is not a good thing. That means they’re influenced by Iran and whatever Iran wants, Iran gets, not what the Iraqi people want.

Militia Man – Dinar Guru  Article: “The Central Bank launches the security clearance platform.”  There is an estimated 80% of currency held outside the banking system. If we use the assumption that the SPP (security clearance platform) is an effort for post re-valuation or redenomination it is bolstered and supported by this action…It may trigger an influx of cash deposits as citizens exchange old notes for new notes. The platform…may be a critical tool in managing the transition, ensuring banks can handle increased volumes…The move by the central bank looks to support the assumption that the platform is part of preparatory measures…It is not surprising to see this type of action from the Central Bank. It would likely be expected.

Clare – Dinar Guru  Article:  “The Iraqi government denies allegations of its intention to devalue the dinar against the dollar” Quote: “Saleh said Iraq’s exchange rate policy is a contractual one between the Ministry of Finance and the Central Bank of Iraq, given that the reserves supporting the Iraqi dinar reinforce the external value of the currency.  This means that the dinar, backed by foreign currency, comes from oil revenues…He considered the policy of devaluing the dinar to be dangerous and not easy, while the state is constantly working to raise and improve the value of the dinar, not to devalue it.“

Militia Man – Dinar Guru  Article: “The Prime Minister directs the completion of procedures for the first phase of the Development Road project, to be implemented soon.”  With new countries coming into the picture the value of the development road project has apparently been doubled now. That is powerful! It was great to begin with and now it is even better! It is amazing to watch value go up. Just like the dinar will be amazing to be apart of.  

Clare – Dinar Guru  Article:  “The reform document is a strategic step to enhance confidence in the banking system.”  Quote: “The Governor of the Central Bank, Dr. Ali Al-Alaq, emphasized that the 2025 Banking Reform Document represents a strategic and fundamental step toward reforming the Iraqi banking system, addressing its shortcomings, and preparing it to operate in  accordance with internationally recognized standards. This will enhance the confidence of correspondent banks and global financial  institutions and protect it from the risks of international sanctions.” 

Sandy Ingram – Dinar Guru  Excellent news…found in the mainstream western media.  What this means is global investors are watching Iraq more closely than ever...This information is crucial and it’s excellent good news for IQD investors…5-year development plan for 2024-2028 numbers are seriously eye popping… 710 trillion Iraqi dinars in total projected revenue.   That’s roughly $542 billion…Oil revenues alone are expected to rake in about $482 billion of that.  What’s really interesting is the $60 billion estimated from non-oil sectors…Iraq wants to break away from its heavy dependence on oil and build a stronger,  more balanced economy…What caught my eye is how this plan is making international headlines…Iraq is ready to step into a new  era of growth...If you’re an investor looking for the next big opportunity, Iraq might just be the place to watch.

Pimpy – Dinar Guru   Article:  “The Central Bank of Iraq discusses the banking reform plan with Oliver Wyman” More news about banking reform.  This is good.  The quicker they get this done, the better.  They’re talking about “the plan” to reform the banks…They are only planning. They have not finished it yet despite the rumors they got the greatest banks in the whole world and they’re top-notch…and they got a central bank digital currency, it’s all wrong.

Militia Man – Dinar Guru  Article: “The Central Bank launches the security clearance platform.”   Inflation trends are low under 3%, banking reforms and the Oliver Wyman deadline slated for August 31st for private banks suggest all of this together looks to be the groundwork that is being laid for an expected currency redenomination (fitting with the “deletion of the zeros” project).  This looks like…the Security Permits Platform (SPP)  for cash handling is part of preparations for such a project, especially to manage the expected influx of cash into the system post-redonimation.

Clare – Dinar Guru  Article: “Great stability in the Iraqi market and inflation falling to less than 3%”  Quote:  “The Prime Minister’s financial advisor, Mazhar Mohammed Salih, confirmed…This remarkable decline in annual inflation rates indicates that expectations related to the exchange rate are moving toward calm and stability…The parallel currency exchange market has begun to clearly follow the official market, and this trend is expected to continue until the end of this year, based on current economic data.”

Mountain Goat – Dinar Guru   All the good news does not get wiped out just because a bit of sobering news comes out. We must learn the TRUTH like it or not. Remember all the good praise and positivity that the World Bank, IMF and the UN have made about the reforms and the stability now in Iraq. We have NEVER seen such progress and STABILITY before... We were told in many articles by the Central Bank that they needed STABILITY and SECURITY. Remember that the U.S. has given its permission to move to the next step, however…there are certain events that must first take place…NOT out of own personal speculation, but from the U.S. government itself…

Militia Man – Dinar Guru  We’ve talk about gold…Iraq having significant amount of foreign reserves and now they’re talking about non-oil reserves.  All of these components support what?  A real effective exchange rate.  

Clare – Dinar Gur   Article: “Bank of Baghdad achieves a historic achievement as the first bank in Iraq”  Quote:  “In a move that confirms its leadership position and advanced financial capabilities, the Bank of Baghdad announced an unprecedented achievement in the Iraqi banking sector, concluding a strategic agreement with the Ministry of Finance to become the first private bank ever to be granted the authority to issue sovereign guarantees.“

Pimpy – Dinar Guru  Question:  “How do we know the Iraqi dinar is going to get on Forex?”  A certain thing must happen to the Iraqi dinar before it can even be back onto Forex…The Iraqi dinar cannot go on Forex until they stop pegging their dollar [dinar]…They have to free float.  Period. 

Clare – Dinar Guru  Article:  “A government source denied via “Baghdad Today” that Washington had rejected al-Sudani’s visit: No meeting was originally requested.”  Quote: “The talk about US President Donald Trump’s administration rejecting Al-Sudani’s visit is completely inaccurate, and no official request has been submitted from Iraq to visit Washington during the recent  period.”

Pimpy – Dinar Guru  There is a lot of discussion about changing the exchange rate of the Iraqi dinar.  I don’t talk about it a whole lot only because I don’t want people to think I’m blowing smoke up your ass…I yanked this off one of the articles I recently read, quote:  “Iraqi government is currently engaged in the significant debate regarding the future of the IQD exchange rate, specifically whether to transition from a fixed exchange rate system to a free floating one...”  It’s being discussed.  The Iraqi dinar’s value is currently fixed by the Central Bank of Iraq, meaning its value is not determined by global Forex market forces. 

Jeff – Dinar Guru  I want to bring forward some old information forward…I think this is very important…Shabibi is the founding father of this whole investment.  He was put in place by Bush Jr…One of the things he said clear back in 2011…Iraq should…reduce inflation to no more than 2%.  Right now their inflation is at 1.5% so that’s in range. It says, reduce the note count.  They already have.  They’ve got most of the citizens into the banks to get them to transition to debit cards…Monitor the parallel rate.  That’s the big one… ‘Establish a close match between the parallel market rate and the CBI official rate of the dollar +/- 2%’.  Right now they are within 4% to 5%…It could hit within that 2% threshold…by the end of August. 

Clare – Dinar Guru   Article:  “Iraq’s economy between alleged stability and real risks”  Quote: “..the government program…continues on a path described by officials and analysts as ‘steady and balanced,’…the ban on dollar trading in the domestic market and the shift to trade financing through international banks, have curbed some phenomena, but they have not completely eradicated the black market. Prices continue to fluctuate, raising questions….Given this mixed picture of relative success and real threats, the question remains: Are we experiencing true stability or a potentially explosive economic bubble? Does Iraq have a clear vision for transitioning from ‘reactive management’ to comprehensive strategic planning?  Only time will tell.“

Mountain Goat – Dinar Guru   Article:  “IRAQ’S ACCESSION TO INTERNATIONAL FINANCIAL INSTITUTIONS ENHANCES ECONOMIC DEVELOPMENT OPPORTUNITIES”  Quotes:  “…The real benefit is in giving Iraq an international standing and a good reputation from an economic perspective.”; “The development road will be a gateway for the Asian Development Bank to enter Iraq with projects…contributing to strengthening the economy within the international environment and building strong international relations in the future.”

Clare – Dinar Guru  Article: “Mazhar Saleh: The Global Gold City in Baghdad will transform Iraq from a consumer to an exporter.” Quote: “The Prime Minister’s financial advisor, Mazhar Mohammed Salih, confirmed on Saturday that the Global Gold City project in Baghdad represents a strategic step toward diversifying national income sources and achieving a transition from a consumer-led economy to a productive and export-led one.“

Militia Man – Dinar Guru  We all know at this stage of the game security, stability, sustainability is a big deal.  It’s all about the money flow…the development road project…taking care of the citizens…getting these deals done – salaries, oil flow, Cyan Port. 

Pimpy – Dinar Guru  Everything you need to know about Iraq is in a BTI report…political participation, rule of law, stability of institutions, political and social integrations. I mean everything…I know what we’re really looking for is ‘monetary and fiscal stability’. This report only comes out every two years.  This is for 2024.  Quote:  “The Iraqi dinar is pegged to the US dollar which has helped it maintain low levels of inflation…Over 90% of Iraq’s economic power is based on oil.”  My gosh, I remember it used to be 95%.  This is not bad but it definitely has to come down.  Quote:  “The non oil revenue, services and agriculture sector saw significant growth with non-oil GDP increasing by 8.4%.”  This is the number we want to see continue to grow and grow and grow.  [Post 1 of 2….stay tuned]

Pimpy – Dinar Guru  Quote: “Iraq’s significant reliance on oil makes it vulnerable to fluctuations in commodity prices…”  This is the one thing I was talking about…If you are 90% relying on oil sales to give you the money needed to run your country, this is not good. Because if the bottom falls out on oil prices your country is totally screwed.  We’re seeing that kind of happen a little bit right now.  Not major…but when Trump got back in there, now we are once again the #1 exporter of energy.  This is going to affect the overall market when it comes to oil…Increasing the non-oil GDP would be a huge help for Iraq… Their economy is doing pretty decent…They just need to maintain…This [report] will give you the overall idea…of what’s going on in Iraq and what to expect when it comes time to increase or decrease the Iraqi dinar.   https://bti-project.org/en/reports/country-report/IRQ#pos17 
[Post 2 of 2]

Clare – Dinar Guru  Article:  “Unprecedented decline: The dollar closes at 138,800 for the first time in months.”  Quote:  “The Iraqi Stock Exchange recorded an unprecedented decline in the exchange rate of the dollar against the dinar, closing at 138,800 dinars per 100 dollars, the lowest level recorded in several months.”

Fnu Lnu – Dinar Guru   Training is not going well according to my sources in Singapore. Uptake is slow and cohesion is in short supply. The Iraqi teams are resistant to the new methodologies. To be blunt, Iraq is being dragged, kicking and screaming, into the new world. You must be patient and balanced in the info you absorb…There is nothing to suggest that Iraq is ready for the change. The IMF states in the last report that Iraq is 1-2 years off from an RV…The illusive RV is still a target for the future but the reality is that it is still a ways off. 

Clare – Dinar Guru   Article:  “Secret meeting in Istanbul: Washington threatens new financial sanctions on Iraq”  Quote: “An unannounced meeting was held in Istanbul in recent days, bringing…the US Federal Reserve and a high-ranking delegation from the Central Bank of Iraq…The meeting came at the urgent invitation of the US to discuss critical developments in the file of financial transfers and Iraqi banking transactions…The US side informed the Iraqi delegation that new financial sanctions are under preparation, to be imposed on a number of Iraqi banks and financial institutions, due to what the US side described as ‘continued violations’ in international transfer systems and the failure of some Iraqi entities to comply with international guidelines to combat money laundering and terrorist financing.“

Clare – Dinar Guru  Article: “A source told Baghdad Today: Nouri al-Maliki is in good health, and the rumors are based on an official threatened with dismissal.” Quote: “A source close to the leader of the State of Law Coalition confirmed on Friday (July 25, 2025) that Nouri al-Maliki is in good health, denying reports that he had been transferred to the hospital.“

Pimpy – Dinar Guru   Question: “Can you explain…the whole thing about the IQD is now paired on Forex?”  The IQD has been on the Forex before.  It’s still paired.  They’re not actively trading or doing anything under Forex.  They’re already set up.  They already got their 3-digit code which is IQD.  They’re already paired with all the other currencies.  That’s never changed.   What we’re waiting for is for them to do what they need to do for Forex to go, ‘Okay, let’s start trading now.‘   So everything is set up.