Dinar Observer Daily

Militia Man – Dinar Guru Article quote: “Even the measures taken by the government to try to down low dollar prices to 1320 to sell it in a supported manner didn’t not reach the elimination of speculation in the markets reducing the price of a dollar in the black market.”  It didn’t work to kill the black market just yet but I got a strong feeling since the dollar auctions have gone from 250 million a day down to less than 25 million…consistently for over a week…we can see where their priorities lie.

Clare – Dinar Guru   Article: “urgent… Central Bank Governor: No intention to reconsider dollar exchange rates, we are undergoing a major transformation”  Quote:  “The Governor of the Central Bank, Ali Al-Alaq, ruled out a change in the dollar exchange rate.“

Samson – Dinar Guru  Article: ”The Dinar Breaks Its Silence: Fire Al-Alaq and the Dollar Leaves the Fifties“

Mountain Goat – Dinar Guru   Article:  “PARLIAMENT RETURNS THE OIL AND GAS LAW TO THE GOVERNMENT: IT MUST ADD
PARAGRAPHS THAT KEEP PACE WITH GLOBAL DEVELOPMENTS” Quote:  “the government must work on amending and adding new paragraphs to the
law…”   WOW! This is excellent news. This article shows us the Oil and Gas Law is actually farther ahead than the news has been telling us. It actually did reach parliament and the readings were conducted so far…

Militia Man – Dinar Guru  Iraq is still being able to function.  They told us their 2023-24 budget was legal, has always been and they’re moving forward with it…Even though we haven’t seen an exchange rate change they can still function, which is fine...Now they’re starting to do things that are getting their banks in order and we’re seeing the results of that.

Pimpy – Dinar Guru  The Central Bank of Iraq was forced to allocate an entire floor to the US Treasury department to  monitor money transfer operations and prevent any illegal activities.  Talk about a very clear violation of Iraq’s sovereignty.   This is how bad things have gotten…The United States has now taken up permanent residents within Iraq’s central bank…  

Clare – Dinar Guru  Article: “The governor of the Central Bank of Iraq resigns”  Quote:  “Central Bank Governor Ali Allaq has reached retirement age and has submitted his resignation to Prime Minister Mohammed Shia Sudani”

Militia Man – Dinar Guru  Article:  “Central Bank Governor’s Resignation: Admission of Failure or Escape from the Repercussions of the Financial Crisis?”  Do we really think at this stage of where the reforms are now and how far they have come to even suggest Al-Alaq is going to go to Al-Sudani and give his resignation? …Al-Alaq in present terms has kept the country in a state of financial stability to date…This is a hit piece. One that is not surprising as the dollar auctions have dried up. That is very painful to those that lived off the cash cow… We shall see if it arrives and he steps aside as they put it…

Pimpy – Dinar Guru  Article: “The Governor of the Central Bank of Iraq resigns”  He’s pressured out.  There’s all kinds of crap happening…he was behind some shady things and it looks like now he is resigning.  They are going to say it had to do with his retirement…

Clare – Dinar Guru   Article:  ”Central Bank Governor’s Resignation: Admission of Failure or Escape from the Repercussions of the Financial Crisis?”  Quote:  “Tuesday, that Al-Alaq decided to submit his resignation after facing multiple problems in the financial sector, in addition to his inability to fulfill his promises to control the exchange rate. This request comes at a sensitive time for the Iraqi economy, which suffers from severe fluctuations in exchange rates and direct impacts on the local economy.”

Mountain Goat – Dinar Guru   …what is actually occurring between the CBI, the Feds and the US Treasury.  If you read the headlines today you might begin to panic…you might say things are looking really bad for Iraq. But I assure you that this is all actually VERY GOOD news for us investors… this recent move by the US Treasury was made for the benefit of the currency reform process so that they could move to the next step of the currency reform once these issues are fixed…

Clare – Dinar Guru  Article: “The Iraqi Stock Exchange achieves “positive results” in light of the major and accelerating collapse of global stock exchanges!”  Quote:  “the Iraqi Stock Exchange, unlike the world, achieved positive results for this day, unlike the data of Arab and international stock exchanges, indicating that the stock exchange in Iraq operates in a business environment that is almost separate from international markets.”

Kaperoni – Dinar Guru   The Iraqi dinar is a currency of a country it’s not a lottery ticket. There is no magical RV…Owning dinar is risky, which may strengthen over time, but it’s a long-term investment.

Jeff – Dinar Guru  Iraq was talking about doing their census in the month of November.  They’ve pushed it up to the month of October.

Clare – Dinar Guru  Article: “Urgent | The Governor of the Central Bank submits a request to be relieved of his post”  Quote: “The Governor of the Central Bank, Ali Al-Alaq, submitted a request to the relevant authorities to relieve him of his position.“

Samson – Dinar Guru   Article: “Central Bank Governor: We will not reduce the dollar exchange rate now“

Militia Man – Dinar Guru    The multi-currency practices are going to go away and ultimately they will apply a REER or Real Effective Exchange Rate to Iraq’s currency – Everything we are seeing is powerful evidence that the monetary reforms are on the table and they are knocking them out….

Samson – Dinar Guru  Article:  “Legal violations’ in the work of the Central Bank prompt demands to replace its governor, Ali Al-Alaq”   Quote: “Today, Saturday, the economic expert, Abbas Al-Bassel, stressed the necessity of replacing the Governor of the Central Bank of Iraq...”

Dinar Investor – Jeff   [Iraq’s] accession to the World Trade will need a few more months…

Breitling – Dinar Guru  The Central Bank of Iraq, they want to do what Washington wants them to do.  They want to be part of the International community.  But the problem is there are these private banks and different financial instruments in Iraq that are completely in bed with Iran.  There seems to be a problem with separation.  So the United States is going to punish Iraq for not being able to handle it correctly is what’s going to happen…The United States is saying enough is enough, we’re not screwing around anymore.  We’re protecting the financial system as much as possible but it’s being abused by people who don’t like us…

Kaperoni – Dinar Guru   Article:   “Iraq speeds up steps to join WTO”  Those that follow me know that we posted information that stated the Central Bank of Iraq planned to end the currency auctions at the end of this year, joining the WTO sometime next year would also benefit them.

Clare – Dinar Guru   Article: “Arab currencies top the list of the strongest in the world.. Is the Iraqi dinar among them?”  Quote:  “Four Arab currencies top the list of the 10 most powerful currencies in the world out of 180 currencies recognized by the United Nations…1. Kuwaiti Dinar: equivalent to 3.27 dollars…2. Bahraini Dinar: 2.65 dollars…The Bahraini Dinar is pegged to the US Dollar and is used exclusively in Bahrain, which has a large expatriate community…  3. Omani Rial: 2.60 dollars.  4. Jordanian Dinar:  1.41 dollars.  5. British Pound: 1.26 dollars.  6. Gibraltar Pound: e1.26 dollars.  7. Cayman Islands Dollar: $1.20.  8. Swiss Franc: 1.14 dollars.  9. Euro: 1.08 dollars.  10. US Dollar: $1.00.“

Militia Man – Dinar Guru  ‘The Theft of The Century’…It’s a big deal.  It’s in the forefront again…They’re going to claw back a lot of money.  A LOT of money.  Why is that important to you and I?  If they claw back a lot of money it all goes back to the treasury.  Tens of billions of dinars or multiple billions of dollars.  It’s all clawed back from people that stole their money from the citizens…We’d have to pay out on that [988 billion dinars] if they were able to keep them…Finding this stuff is amazing.  It’s really good for the country…citizens and it’s really good for you and I…

Clare – Dinar Guru  Article: “US Treasury Takes Control of Iraq’s Central Bank to Combat Money Laundering”  Quote:  “The three sources confirmed that a team of American employees is working permanently at the Central Bank of Iraq, as part of intensive efforts to ensure Iraq’s commitment to international standards for combating money laundering and terrorist financing…One of the sources explained that the governor of the Central Bank of Iraq tried to resist these restrictions, but the American response was strict, as the Central Bank of Iraq was included among the institutions considered to support money laundering operations and failure to comply with sanctions.”

Samson – Dinar Guru  Article ”It is noteworthy that tens of billions of dinars have been recovered in recent months through operations to track down corrupt individuals, especially those who fled abroad.“

Dinar Investor – Jeff  Iraq just competed their 5 year development plan…That’s basically the reform plan…They completed the reform plan, that’s a required step for their accession to the World Trade.

Breitling – Dinar Guru   You have Iran and the Revolutionary Guard…Yemen saying they’re going to get revenge…More is going to happen.  That’s why there’s war ships headed toward the Lebanese coast right now in anticipation towards this.

Militia Man – Dinar Guru  The delete the zeros project is real and it’s not a lop…We’ve been over this and over this and I’m sticking to that.

Kaperoni – Dinar Guru  Seems to be a lot of hype lately that people are getting excited for some Dinar RV.  Not how currencies work. Iraq has a lot of work to do…If and when the dinar goes up in value it will be based on the success and growth of Iraq’s economy.

Pimpy – Dinar Guru  It [the Iraqi dinar] is going to go up in value.  There’s no doubt about it.  But how they go about it is something totally different.  Is it worth the investment?  I think so or I wouldn’t even own it…