Dinar Observer Daily

Clare – Dinar Guru  Question:  “Any idea on how long this 3rd meeting / WTO ACCESSION period will last?”   NO, I HAVE NO WAY OF KNOWING… BUT IN MY OPINION, THEY REALLY ARE TRYING TO GET IT DONE AS QUICKLY AS POSSIBLE.  HOWEVER, THEY ARE TELLING US IN
ARTICLES NEXT MEETING IS 1ST QUARTER OF 2025, BUT THINGS CAN ALWAYS CHANGE.

Militia Man – Dinar Guru  I think Iraq’s pretty hot right now… Sudani…is kicking butt and taking names…Everybody’s got an interest because the Development Road Project is going to provide a lot of opportunities for a lot of different people in the region.  The world has realized how far along he is… Sudani is knocking out of the park…He’s setting the stage or the development road project to begin.  It’s starting up on fire.  It’s going to be great.

Mountain Goat – Dinar Guru   Again, I have to ask as to why the reinstatement has not already occurred, if no other rate on FOREX than to reflect the assets of the oil rentier economy already established and ongoing as we know it prior to 1990.  Prior to 1990, the rate of the dinar was hovering around $3.22. So why are they still artificially suppressing the rate now? Now, it’s 1/6 of a penny? The war has been over for 21 years, all of Chapter VII sanctions are lifted a year and a half ago, Iraq is producing 1/3 more oil than in 1990, their monetary reserves are the highest in history, up to 150 tons of GOLD and many more other marketable assets are now in motion...  [Post 1 of 2….stay tuned]

Mountain Goat – Dinar Guru   Oh…did I mention de-dollarization and all the banking and anti-corruption measures already put in place…I believe it is this “all or nothing” attitude that is holding back Iraq as it needs its currency back online now. This is especially true for attracting foreign investors…  my CBI contact told me…why the Project to Delete the Zeros is stalled. I will not get into details of these reasons…as I feel we must just buckle down and wait for this Biden administration to end, at least the part that is controlling the US Treasury and pretending to work with Iraq…the RV happening while the democrats are in power is slim to none! I have strong knowledge from my CBI contact this is what has been holding up the RV. The US Treasury will NOT release it…  [Post 2 of 2]

Samson – Dinar Guru  Article: “US delegation confirms to Finance Minister: We are ready to support Iraq in achieving economic development“

Clare – Dinar Guru  Article: “A high-ranking security delegation arrives in Washington to hold a round of talks to end the coalition’s mission“

Sandy Ingram – Dinar Guru   You don’t want to pay rent, you don’t want to pay mortgage, house note, new car, sports car, insurance, vacations, all of those things that we all want to do once we come into money.  No no no no no.  [Keep working.] You invest your initial profit.   When the investments create income for you then you go and do all those wonderful things… [Dinar Guru Note: Consult your financial advisors at the appropriate time to find the right investments and payment strategy for your unique circumstances and lifestyle.]

Jeff – Dinar Guru  The budget is not posted in the Gazette.  The budget hasn’t been implemented because it’s unconstitutional…

Clare – Dinar Guru   Article: “The World Trade Organization opens its doors to it.. The Iraqi economy returns strongly to international competition” Quote: “The World Trade Organization has accelerated Iraq’s steps to join it, following the resumption of negotiations that had been suspended for more than 16 years. The Iraqi delegation is preparing for the next round of negotiations that are expected to resolve this issue, which will open up global trade horizons for Iraq and return it to strong economic competition, in the region and the world, under a multilateral economic system.“

Samson – Dinar Guru  “Washington hosts today the joint security dialogue between Iraq and America“

Jeff – Dinar Guru  Delete the zeros has nothing to do with the exchange rate.  Deletion of the zeros simple means removing currency notes with multiple zeros on them.

Sandy Ingram – Dinar Guru  Iraq will have the fifth largest economy in the Arab world in 2024 according to the CEO World, a leading business magazine…Iraq’s GDP will be $265.9 billion in 2024…This is excellent news for IQD investors.

Kaperoni – Dinar Guru   Community Comment: “Does this have a negative, positive or neutral effect on our investment?”  Article: “Mazhar Muhammad Salih: Our cash reserves are the highest and there are no fears of the dollar rising”  This is good news.

Clare – Dinar Guru  Article: “Government advisor reveals Iraq’s gold reserves have risen to 150 tons... and the reason for its high price“  Quote: “Gold is one of the most important safe investment havens in the world, which is resorted to by the investment portfolios of central banks and various investors”

Jeff – Dinar Guru   There was a perception out there that the rate was going to change before the July 18th accession date to the World Trade…This was their 3rd accession World Trade meeting.  There’s a 4th meeting coming in Q1 of next year of ’25...Many thought Iraq would become a full member as of July 18th.  None of that happened. 

Militia Man – Dinar Guru  They’re going to delete the zeros.  You don’t create value by deleting zeros and implementing small category notes.  You can’t take 1310, which is .00076 to the dollar and just delete the currency and implement it without changing the value.  It doesn’t work that way… .0007 is far less than a penny.  You guys settle down.  Pay attention…

Pimpy – Dinar Guru  “Removing Zeros from the Iraqi currency: Talk Returns and Possibility of Implementation”  What is nominal value Pimpy?  The nominal value of currency is its current price or face value as printed on the currency by the issuing authority.  It’s the number written on the bank note...  This is a re-denomination when they delete the zeros…Once this is done and a new currency is printed, the old one is removed.  If the old ones remain out there for a while they will carry the same value as the new currency, not the old currency.

Jeff – Dinar Guru  Why do countries lop and why would Iraq not be lopping?  …It’s all inflation based…Example… You’re talking 3% with Iraq to 30%-40% with Iran.  Apples to oranges.  That’s the reason why Iraq wants to remove the zeros.  They don’t need all the extra zeros on their notes to reduce their inflation.  It’s already where it should be for them to remove the 3-zeros notes...Adding zeros to the notes or removing zeros to the notes is completely hinged on where that country’s inflation is.

Clare – Dinar Guru  Article:  “She supports him fiercely.. What you don’t know about Trump’s Iraqi-origin lawyer”  Quote: “After the assassination attempt on US President Donald Trump, his Iraqi-born lawyer, Alina Habba, gave a speech on the last day of the Republican Party conference in Milwaukee, Wisconsin, to express her full support for Trump.“

Paulette – Dinar Guru  Iraq cannot RI without “accepting Article VIII obligations” and cannot do so if they have a MCP.  Dr S said that the “new currency” will co-exist with the 3 zero currency for up two two years in the market and ten within the banks.  They cannot treat the two currencies at different rates and be deemed as having “accepted Article VIII obligations”.  Without “accepting Article VIII” obligations, they simply cannot RI…

Militia Man – Dinar Guru  Article:  “Removing the zeros from the Iraqi currency talks returns and possibility of implementation”  How is that possible…without having value?  …When they talk about removing zeros from the Iraqi currency they’re talking about returning to a previous era.  They’re talking about the glory days.  I think everybody…knows in the country too, I just can’t say we can prove it from a link in print.  But the expectation is Iraq is going to bring value to their currency.  We know that by Al-Sudan’s comments…that the Iraq dinar would be 1 dollar…equal 1.32 dinar.

Kaperoni – Dinar Guru  Article: “Deleting the Zeros of the Iraqi Currency”  I have said it numerous times…we do not want to see Iraq delete zeros.   

Nader – Dinar Guru  You heard them talking about corruption.  They’re going to clean it up but it’s going to always be there.  It’s everywhere.  It’s in America.  It’s everywhere in the world.  It’s in Europe.  It’s here.  Corruption is  corruption, the biggest corrupt people you cannot clean them cuz they have powers…You can’t do anything against them.

Clare – Dinar Guru   Article:  “Removing Zeros from the Iraqi Currency: Talk Returns and Possibility of Implementation”  Quote: “if the currency is the “dinar” and its value is equal to 1,000 dinars, after removing three zeros, its value will become one new dinar…According to experts, the actual value of the money people own does not change after deleting the zeros, but this step contributes to simplifying the buying and selling processes for individuals and companies, and makes the financial amounts simpler and more understandable. Instead of dealing with huge numbers such as a trillion or a million (1,000,000 Iraqi dinars), they can be converted to just one thousand 1,000 dinars after deleting three zeros…The exchange rate will be transformed into one dinar for every one dollar, and this is what the late former governor of the Central Bank, Sinan Al-Shabibi, aspired to“

Pimpy – Dinar Guru  Yes, an article came out again about deletion of the zeros… “Removing Zeros from the Iraqi currency: Talk Returns and Possibility of Implementation”  I keep telling everybody when they do the deletion of the zeros this is how it’s going to work.  You got a 25,000 dinar.  Right now at the current rate you have .00076.  It equals $19.  The nominal, which is the [three zero] currency, they will remove the three zeros [25]…and it will take the three zeros off [the rate – .76]…That would be 25 dinar times .76 gives you $19.

Clare – Dinar Guru  THE WTO FULL ACCESSION HAS NEVER BEEN A REQUIREMENT FOR A RATE CHANGE.

Militia Man – Dinar Guru   Obviously Iraq is trying to reach out to the people and share with them some education about how the “delete the zeros” works…I have a translator who reads and writes Arabic fluently…and they say this ad is the real deal… Part of a campaign of awareness and released in several countries…Like Al Alaq said in July of last year.  The project to delete the zeros still exists…the emphasis is that it’s all positive and they are going to do something with their currency. 

Clare – Dinar Guru  THE WTO FULL ACCESSION HAS NEVER BEEN A REQUIREMENT FOR A RATE CHANGE.  …THE VIDEO THAT WAS RELEASED IN IRAQ & ARAB NATIONS EXPLAINING ALAQ’S COMMENT ABOUT THE DELETION OF THE ZEROS…WAS HUGE!!! THIS IS WHAT WE WANT THE DELETION OF THE ZEROS!!! COME ON CBI…

Kaperoni – Dinar Guru    Question: “So the RV tomorrow 3:00? Lol”  You need to change your thinking. There is no RV, never will be one. The only way that dinar can go up in value is ‘gradually’ over time based on the success and growth of Iraq’s own economy.

Sandy Ingram – Dinar Guru   Question: “How is Iraq going to do business in the international market with such a low currency rate?”  This is why Iraq will need to increase the value of its currency.  Currency values… act as a silent force influencing a country’s global competitiveness.  When a country’s currency value is low it can impact it’s ability to compete…Iraq’s top trading partners are China, India, South Korea and on the sidelines Iran.  However things are about to change and fast.  The development road project places Iraq right in the middle of the global financial markets.  [We] have little doubt the Iraqi dinar will increase in value but we don’t know when or how much.