Dinar Observer Daily

Holly – Dinar Guru   …based on Iraq’s progress things are definitely on track to being done…I see a culmination of this sometime this summer and it could go now or it could be later, no one and I mean no one will know when…We are definitely in the end time of all of this.

Militia Man – Dinar Guru  Iraq’s working party on the accession of Iraq [to WTO] is July 18th 10:00am. I think we’re waiting for a precursor to that.  But…obviously they’re going to have accession.  When that exactly happens, on what day, is to be determined.  They have things that have to happen prior to that.

Sandy Ingram – Dinar Guru  Article: “The European Union announced…the Iraqi government has achieved development in international investment“  There was a signing of the Singapore convention on mediation.

Clare – Dinar Guru   Article:  “Parliamentary law challenges the ‘2024 budget tables’ and the federal government is waiting for an answer within 15 days”  Quote: “the appeal was submitted “on the pretext that the numbers mentioned in the budget items will change, and thus this is considered a change to the law and requires the implementation of a new law with a first and Second reading, and final approval.”

Pimpy – Dinar Guru  I understand why people are frustrated.  The dinar itself is not a scam but people do use the dinar to commit scams. 

Samson – Dinar Guru  Article: “Central Bank: Cancellation of Paragraph (5/d) of the instructions and standards for circulation and replacement of banknotes, and the counting and sorting mechanisms“

Militia Man – Dinar Guru  They’re effectively stating to everybody that they’re going international.  They’re giving a laundry list of all the things they’ve done, are doing and in support of where they’re headed.

Mountain Goat – Dinar Guru   Article:  “DOZENS OF IRAQI COMPANIES PARTICIPATE IN AN INVESTMENT SUMMIT IN AMERICA”  …in the past years I said – What is the US waiting for? Why have they not yet invested the US companies in Iraq? There is billions to make over there. – Well the spigot had to be opened first and now its opened. The spigot analogy means that the sanctions are over, war reparations paid and now they can do business easily with the rest of the world. But as you know with Iraq nothing happens overnight and so it took a year and a half to open the spigot but now it’s opened up wide.

Pimpy – Dinar Guru  I’m going to tell you the truth.  Here’s the truth, Iraq has taken major strides and getting their crap together.  Is the Iraqi dinar going to go up in value?  Yes it will.  Is it going to happen tomorrow?  Is is happening over in Europe?  Is it happening over in Brazil or China?  No, no it’s not.  There is no in-county/out-country rate.  No one group of people has had dinar exchanged.  Nobody’s got their blessing…

Militia Man – Dinar Guru  Oil is in the budget for 2023 was at $70 but oil has been over $80 for quite some time.  They’re gaining a lot of money.  Then they’ve increased non-oil revenues at the borders, a lot of money.  Liquid natural gas etc, a lot of money…This is happening…They’ve talked about sovereign funds…If all the stuff is what they’re saying it is…these guys are going to be popping with money.

Kaperoni – Dinar Guru   Article:  “Establishment of the Commercial Arbitration Center in Iraq”  Article quote: “the importance of commercial communication with various countries around the world and organizing relations in a way that achieves mutual benefit for all parties, especially as Iraq is on the verge of rejoining the World Trade Organization (WTO). He explained
that this project comes as one of the achievements within the file of Iraq’s accession to the International Chamber of Commerce (ICC).”  WTO requirement. Establishment of the Commercial Arbitration Center in Iraq

Samson – Dinar Guru   Article:   “Establishment of the Commercial Arbitration Center in Iraq“

Militia Man – Dinar Guru  That’s what we are waiting for as we speak [seeing what’s in the budget].  We haven’t seen them expose that rate or that information to us just yet but they’re going to.  They don’t have much choice because June 12th it [The budget] became law…The court already said… just because they have an appeal doesn’t mean they have any weight to them.

Mountain Goat – Dinar Guru  She [my CBI contact] said that her committee was directed to be ready in June and did plan in June to begin the project to delete the zeros but the Central Bank as not yet received the assurances needed in writing from the US Treasury that they would support us fully all the way through the process. To me this meant to conduct the project to delete the zeros, swap out the notes and then onward to the reinstatement of the dinar.  I was assured I was correct in my thinking.  I already knew this as this was all in the Dr Shabibi plan anyway. This was just a confirmation that they are still closely
following this part of the plan anyway…   the US is still holding back and not fully supporting the financial reforms and the events that were supposed to happen at the end of the second phase of the reform process.  [Post 1 of 2….stay tuned]

Mountain Goat – Dinar Guru   So as investors where do we stand with the RV?  Based on this information from my Saturday call to Iraq, I will summarize it for you. We are still waiting for the US to give assurances. The project to delete the zeros was scheduled for June and we will still have a week remaining in June. This is all I know and can tell everyone at this point… But I will tell you that I was told last month that for us to see the RV, there was only two phases and that they were completing the 2nd phase in June. So go figure… What would you now think?  [Post 2 of 2]

Pimpy – Dinar Guru   Article:   “Expert likely to keep exchange rates within their current rates”   It’s not going to happen that quickly.  There’s so many more hurdles for Iraq to jump through. 

Militia Man – Dinar Guru  The budget is only at $70 [per barrel], they’ve been trying to see if they can modify it and kick it up to $80 so they can spend more money...Oil prices are at $80+ and they think it’s going to keep moving forward for the next year or year and a half. Article quote “…the global energy market sources indicate the current rise in oil prices will continue until the end of the year 2025.“

Clare – Dinar Guru   Article:   “Government advisor: Global indicators confirm that oil prices will continue to rise until the end of 2025″  Quote: “the financial advisor to the Prime Minister, Mazhar Muhammad Saleh, identified the most important economic gains achieved due to the rise in oil prices, pointing out that global energy market sources indicate that the current rise in oil prices will continue until the end of the year 2025“

Mountain Goat – Dinar Guru  …I was told [by CBI contact] that NO insider, backdoor, international trading or otherwise was being conducted on the Iraqi dinar. If you hear rumors of otherwise it is all lies. Investors can come to the ISX and purchased Iraqi dinar at the “official CBI rate”.   There is not yet the availability to trade on FOREX or any of the other foreign exchanges… Investors really can’t do much with the dinar at this time as in the west there are still US Treasury sanctions effective on the currency...

Samson – Dinar Guru  “Government advisor: Global indicators confirm that oil prices will continue to rise until the end of 2025“

Pimpy – Dinar Guru  Trust me, don’t get me wrong, I know it’s going to happen.  I think the bigger question is,  when?

Militia Man – Dinar Guru  Everybody should be pumped and ready to go…  Article quote:  “Sovereign guarantees to the private sector will contribute to the industrial renaissance”  This article right here will blow your socks off…

Kaperoni – Dinar Guru  [Reference to Guru Fnu Lnu article/post 6-23-2024]  Community comment:  “If it was a mistake, the mistake/typo was it should have read 6.5 trillion Iraqi dinars ($4.9 billion); making the rate 1320:1 IQD:USD. Various posts are citing the Iraqi budget as the source for the “6.5 billion Iraqi dinars” info.”  Of course it’s a mistake.  The CBI rate is official

Mountain Goat – Dinar Guru  Article:  “Kurdistan Federation: Legislating the oil and gas law will resolve the disputes between Baghdad and Erbil”   …There it is again in articles.   Do we need the Oil and Gas law referendum passed prior to the Reinstatement?  We were told we do. Let’s see what happens.

Clare – Dinar Guru  Question:  “The holiday is officially over was there any news about the Iraqi 2024 budget published in their gazette today?” NO…BUT REMEMBER THEY OFFICIALLY GO BACK TO WORK TOMORROW [Sunday] PER SUDANI ACCORDING TO WHAT WAS IN AN ARTICLE. SO WE DON’T KNOW IF THE MOJ EVEN WORKED TODAY [Saturday].

Kaperoni – Dinar Guru  Until Iraqi parliament passes the over 100 stalled laws that pertain to the success and growth of their economy, nothing will happen and the dinar will remain weak. Years have passed and still no progress on passing these laws.

Nader – Dinar Guru  Things have been moving a little bit from here to the 8th of July.  I hope we have an answer cuz that’s what they shooting for.  I don’t know if it’s going to be good or bad…It’s more good than bad but I don’t want to say anything about that cuz if anything happen you’re going to say, ‘Hey, but you said this.  You said that.’

Militia Man – Dinar Guru  Article:  “IBBC Conference: Much to Celebrate in Iraq as Energy takes Centre Stage”   This conference seems to be shedding a positive light on Iraq. There is good reason to in doing so. Iraq is about to break out in a very big way.. No stopping her at this stage now.. Way too many legal obligations on the table. There will be far more to come [See the IBBC Dinar debate video below]

Militia Man – Dinar Guru   Question:  will the rate be fixed or a float?  Militia Man:  Saleh who is the prime ministers financial advisor has released several articles on this. I think a managed float is exactly what they are talking about. It’s a form of a fixed…and a form of a float. It’s a component of both…If there was to be growth…imo it would be as conservative as they can. They will need to keep the rate stable on the dinar. Contractors would not appreciate rate or price changes every day…remember the reinstatement rate 20 years ago of $3.22.  Even the IMF has documents stating this was a relevant number. If it came out at that…they would keep the rate in a relevant range. Could it grow from there? It could. And they could adjust that accordingly but would probably keep it pretty tight.

Pimpy – Dinar Guru  When you hear somebody tell you that, ‘Hey in one country you cannot move forward and rebuild with huge projects with an exchange rate of 1,320 of your currencies for $1’ just say, ‘Oh yeah?  Look at Vietnam who has 26,000 of their currencies for every $1 and they continue to move forward.’