Dinar Observer Daily

Pimpy – Dinar Guru  Article: “Minister: Countries in the region want Iraq to return as a global economic player”  We are very aware Iraq is still moving forward with its process into the World Trade Organization…Let them move forward because this will open up the door for them economically, strengthening the Iraq dinar…

Jeff – Dinar Guru   Did you know the US troops are going to start getting removed in the month of September?  Did you know Iraq will finish their accession to the World Trade in August? …They still have 150 laws that need to be done.  They have a whole bunch of projects they need to start…The budget is not published in the Gazette…Did you know completing and implementing the reforms is a World Trade requirement but yet they’re going to finish their accession in the month of August?  …everything is waiting on this right here [the budget]…

Militia Man – Dinar Guru  Article quote: “Parliamentary Oil and Gas Committee experts its optimism on Sunday about the imminent approval of the Oil and Gas Law which has been suspended for over 19 years.”  They’re telling you they have everything set up to where they’re going to do something…I like the fact they’re talking about it even thought it’s in the coming days…

Clare – Dinar Guru  Article: “He is 19 years old and the most important of 150 suspended laws… Will the powers give up the ‘golden paper’ in oil and gas legislation?”   Quote:   “The Parliamentary Oil and Gas Committee expressed, today, Sunday, its ‘optimism’ about the imminent approval of the Oil and Gas Law, which has been suspended for 19 years,”

Mountain Goat – Dinar Guru …the CBI very distinctly told us this procedure of the Project to Delete the Zero is NOT a lop…they described what a lop is and how it is used in times to relieve the stress on a currency due to hyperinflation…They are averaging now about a 3-4% inflation rate with the highest of 9% when they did the de-dollarization in 2023. So, the tool of the “lop” does not apply.

Jeff – Dinar Guru  Article: “Planning announces completion of 5-year development plan from current year until 2028”  What does this need?  Funding.  It needs budget monies…When you see a law of this caliber come forward, because this is the backbone to everything that’s going to happen.  This is the development plan for 5 years, that’s waiting for the rate to change… budgets to be approved.  This is telling you everything right here…This is your timing indicator to everything….the budget, the rate change, when they’re going to open up to the international world.  This tells you the timing to everything you need to know.

Sandy Ingram – Dinar Guru   Iraq did not follow Kuwait’s revalue path.  The Untied States pulled back on financial support for Iraq’s revalue shortly after the invasion was over when they made the decision that were not in alignment with economic growth for Iraq.  It’s been 20 years and the currency still has not been revalued…We are learning more about why including issues like the IMF will not support a currency adjustment until the county has more income streams outside the oil industry, implementing banking reform that ties into international banking standards and providing housing for the hundred of thousands of people who have been misplaced due to decades of war, not to mention…corruption.

Pimpy – Dinar Guru  Community Comment:  “If you have the old note with all the zeros on them, the Iraqi bank is obligated to give you the rate that’s on their screen.”  They’re not obligated to do crap.  Once this change [re-denomination] takes place then it doesn’t make a difference if you have dinar in country or out of country.  They have already told the world they’re removing the zeros off of the dinar.  So even if you have the old bank notes they already know that a 1,000 dinar is equivalent to 1 new Iraqi dinar.  Just because you have it outside of Iraq, you’re not going to get special privileges…They automatically do the conversion for you.

Militia Man – Dinar Guru  Article:  “The US Federal Reserve adopts a new strategy towards Iraq”  Quote:  “The US Federal Reserve will not be able to wait forever…There are federal measures that may occur at any moment.”  I think that’s pretty heavy you guys…This is where push comes to shove…There’s clearly pressure happening now with the CBI and the US Treasury...They can’t wait forever, the federal measures that may occur at any moment is a shot across the bow to be ready.

Samson – Dinar Guru  “The US Federal Reserve adopts a new strategy towards Iraq.. The dollar is threatened with rising to unprecedented levels“

Jeff – Dinar Guru   Iraq is talking out of both sides of their mouth.  From one side they’re saying, nope we have no intention of revaluing.  On the other side they’re saying, heck yeah we have full intentions of revaluing…

Mountain Goat – Dinar Guru   …the Project to Delete the Zeros and the Dr Shabibi plan… was developed by the CBI and the IMF…It is a sound plan and they told they will execute it “when the conditions are right”…the three zero notes are not being obsoleted after the deadline in Iraq is over to turn them in…These notes will be used for “interbanking of international transactions” …where large sums of cash must be transferred…The CBI told us this many times in articles…the CBI did tell us there will “probably” be at least a 10 year use of these notes by the banks for this purpose. Yes, eventually these notes will become obsoleted but we will be way out of this and exchanged by then.

Samson – Dinar Guru Article “Adopting a new mechanism for citizens to obtain their oil share electronically”  

Breitling – Dinar Guru  Hamas moving into Iraq, that’s still in play.  That is a big issue.  We’re not going to support Iraq in any way shape or form if Hamas shows up.  That’s a game changer…This [The Iraqi dinar] is an opportunity until  the day it’s not…With the Hamas thing right now it’s not off the table.  I don’t see a threat yet.  But I’m telling you that could be a big deal…If Hamas gets into Iraq, Iraq is in trouble.  Its oil is in trouble…Hamas being in Iraq is a game changer.   That’s going to shift the markets.  All we can do is hope and pray and watch. 

Kaperoni- Dinar Guru  One of the options in Iraq has been to create a new currency that will replace the existing  dinar. This is in essence a LOP or near neutral event. Not what we want to see.  

Pimpy – Dinar Guru  Community Comment “An old 1000 dinar will be worth $3.21 x 1000 dinar = $3,210.”  No it won’t.   Not at all.  They’ll just look at [your 1000 note] and know this is the old currency and you have to exchange it for the new  currency and if you don’t want the new dinars that fine but they’re not going to give you a $3.21 rate time this full amount.  They  [will] know the re-denomination has already taken place…They’ll give you $3.21.  That’s what you get. 

Jeff – Dinar Guru When they said the rate is going to be 1 to 1, they’re not telling you the value is going to be a dollar…They will never tell you what the exchange rate is going to be.  1 to 1 means the purchase power before the rate changes is going to be the same after the rate changes.  Before the rate changes a 25,000 dinar note will have the same purchase power as a 25 note after the rate changes…The exchange rate against the dollar is your multiplier.  Let’s say after the rate changes the new exchange rate is $3.00 for easy math…After the rate changes since all the currency has a value of $3…25,000 note times $3.00 would be worth $75,000 and after the rate changes a 25 note is worth $75.  It’s that simple.

Samson – Dinar Guru  Article:  ”MP rules out finalizing oil and gas law in 2024“

Militia Man – Dinar Guru  Iraq’s got a massive amount of dollar reserves/foreign reserves.  They’ve increased their gold supply…That suggests they’re in good shape.   They’ve got some security and…stability.  I think everybody’s starting to realize security and stability has been a big focus…It is coming to that stage where we’re going to see more resulting in a far bigger way.

Clare – Dinar Guru   Article:   “Iraqi banking system..A significant increase in the number of bank accounts and the volume of deposits for citizens”  Quote:  “The banking system in Iraq is gradually regaining citizens’ confidence…In Iraq, economic and political challenges over the decades have provided a strong justification for keeping money at home rather than in banks.  However, the accession of the Iraqi Deposit Insurance Corporation (ICDI) to the International Association of Deposit Insurers was a decisive step in improving confidence in the banking system. Since its accession, Iraq has witnessed a significant increase in the number of bank accounts and the volume of deposits...This development enhances Iraq’s ability to attract investment and support economic growth by converting savings into productive investments.”

Jeff – Dinar Guru  They are having meetings right now to talk about the withdrawal of US troops starting in September.  For them to pull the troops out they had to have already revalued and fully completely paid the US back, US sanctions off, all that.  Iraq has to be 100% done with everything for the United States to remove the troops.  That’s the very last step.

Militia Man – Dinar Guru  All this time they’ve been doing all these meeting in Washington.  About 48 hours ago they have come up with an agreement…to reduce forces…Alaq went to Washington about 10 days ago, unannounced visit.  He met with the US Treasury and the US Federal Bank, had to do with exchange rates…other currencies…They’re going to be talking about…banking, finance, development, sovereign guarantees ... Ultimately, Iraq is going to have bilateral relations in security with the U.S. in finance, development, all those things.

Samson – Dinar Guru   Article:  “Baghdad submits a proposal to Washington to withdraw international coalition forces“

Clare – Dinar Guru  Article: “Cooperation in communication and training… Washington talks reveal a new Iraqi-American understanding“

Pimpy – Dinar Guru  Article: “Iraqi bank announces investment deposits with returns up to 10%”  that’s a really good return…Imagine if 20 years ago you’d have made a deposit and been able to get back 10% back annually while it’s just sitting there.  You’d have made a ton of money by now…You see some of us have millions of Iraq dinars.  Let’s just say for the sake of it somebody like me, I got 5 million, I deposit it.  It’s going to give me 10% return on my investment.  I’ll take 500,000 Iraqi dinar back annually.  That’s a nice little return.  And just let it sit there while I’m waiting…If the exchange rate changes I can always have them return it to me in USD… [Post 1 of 2….stay tuned]

Pimpy – Dinar Guru  If you’d been holding on to your dinars for at least 10 years you have more than doubled your money.  That’s not including any change to the exchange rate, because if the exchange rate changes, then you get that back once you cash out.  In other words if you tell the bank I’d like to get it in USD, they go, okay, no problem.  And please transfer that to my American account.  Just something to think about.  I may actually do this.  I’m going to reach out to them and see what it takes and what happens.  If I can get 10% on it annually I’ll take it.  Heck I might buy more and deposit more.  Something to think about. (Post 2 of 2)

Jeff – Dinar Guru   Everything is pointing to…August.  I really feel that’s when the rate is changing…Everything seems to be hovered and centered around the nucleus of August being their accession to the World Trade.  Somewhere around mid-August.  That’s when we’re going to see most of their critical steps coming forward…It’s amazing what’s happening right now.  We’re definitely in the period for the rate change. It’s here.  It’s right in front of us.

Clare – Dinar Guru  Article: “Iraq Registers 324 Local Companies, 27 Foreign Branches, in June” Quote “The Companies  Registration Department of Iraq’s Ministry of Trade said it has successfully processed the establishment of 324 national companies  and registered 27 branches of foreign companies in June.”   

Jeff – Dinar Guru  President signed off on…the budget on June 27th.  I want to show you a pattern here…Issue number 4781 published in the Gazette on July 1st 2024…then…they skip issue number 4782 and advance to 4783…published on July  8th.  We believe the Gazette issue number that is missing 4782…is actually the budget itself.  They just can’t publish it in the  Gazette because right now it’s being deemed or perceived as an unconstitutional law.

Samson – Dinar Guru  Article: “IMF: Iraq increases its gold reserves to 148 tons” Quote “Data from the International  Monetary Fund showed an increase in gold reserves in Iraq…Iraq increased its gold holdings by 2,644 tons to 148,305 tons in May  2024.”