Dinar Observer Daily

Mountain Goat – Dinar Guru   Article:  “FROM DOLLAR TO DINAR… EXCHANGE RATE POLICY CONFUSES OIL COMPANIES AND THREATENS THEIR EMPLOYEES!”  In this news we learn that The Central Bank of Iraq’s decision to convert payments to contractors working with oil companies from US dollars to Iraqi dinars….When I learned of this news I said WOW! WOW! and WOW!. The CBI finally did it! …The CBI is essentially creating the change over from the dollar to the dinar in payments now even to outside companies. Remember the national currency of Iraq is the dinar not dollars and the dollars have been the problem all along as these dollars get into the parallel market and shift the market to influence the price of the dinar…How can the CBI ever get control of the official rate of the dinar unless they end these holes to which the dollar was passing through to the black market. So, along with the full implementation of the ASYCUDA system we see two major moves to sew up the parallel market.  [Post 1 of 2….stay tuned]

Mountain Goat – Dinar Guru   Economic expert Nabil al-Marsoumi stated in a tweet that “more than 200 Iraqi companies contracted with oil licensing companies, employing over 50,000 Iraqi workers, are threatened with significant financial losses and layoffs due to the Central Bank’s directive to disburse their payments in dinars at the official rate—even though their contracts
and expenses are denominated in dollars.”  Can this also mean that a reinstatement of the dinar is coming soon? Could this be the motive too for the CBI making this move now…if the dinar does go international this problem with the contractors will just go away.   [Post 2 of 2]

Jeff – Dinar Guru  Why is the news nonsense?  Why isn’t it credible?  …The more silent and the more misleading Iraq gets, the closer you are to the rate change.  That’s just the reality of this.  It’s a classified event.  They’re not going to give you any clues or tell you when the rate is going to change.  It’s going to be a massive secret.  By giving you tremendous misleading information and nonsense and hiding critical things from you that could help you know when the rate is going to change…Kuwait Syndrome.  They’re not going to give you any clues at all.  They’re going to mislead and confuse. 

Sandy Ingram – Dinar Guru  I’ve always told you this situation was much much deeper than just getting the Iraqi dinar to float, adjust or revalue.  That word “revalue” is out the window.  I still use it because it is a catchall…but when I say revalue, I’m really meaning adjustment of the currency or floating the currency.  This is really a deep deep rabbit hole…

Samson – Dinar Guru  Article:  “JAPANESE AMBASSADOR: THE CURRENT SECURITY SITUATION IN IRAQ IS THE MOST STABLE IT HAS BEEN IN 20 YEARS“

Militia Man – Dinar Guru  Execution is happening.  They’re not doing it with a big hoorah or fanfare…quiet momentum.  There’s no hype…Work advances steadily without speculation.  They’re going to not tell you exactly how it is and pump it like this is the greatest thing in the world, but they do tell you what they’re doing.  They try to keep it calm, cool and collected.

Clare – Dinar Guru  Article Quote:  “Bloomberg reported on Tuesday that Iraq wants to strengthen its partnership with US oil companies ExxonMobil and Chevron in an effort to ‘win over’ US President Donald Trump in order to shield the country from tensions between Washington and Tehran, and the possibility of a future conflict in the region…The report quoted…Iraqi officials as saying that they were ‘fed up with the slow pace of development by Russian and Chinese companies…‘ “

Jeff – Dinar Guru   Article:  “Acknowledging the financial crisis…MP: Changing the dollar exchange rate is within the purview of the next government”  They’re saying the next government is the one that’s going to have the powers to control changing of the dollar exchange rate…What did I tell you?  We’re waiting on the completion of the next government to change the rate.  Bam.  Right here, confirmed in print…They’re the ones that introduce the rate change within the country of Iraq…I love it when my work is confirmed.

Mountain Goat – Dinar Guru   Article:  “THE END OF THE “LONG STRUGGLE”… MALIKI IS CLOSE TO ANNOUNCING HIS WITHDRAWAL…” …Picking the new president was not the crisis it was a coverup while they sorted out this Nori al-Maliki nominee mess…Now that he has conceded his nomination…the new president is announced to us. Thus they can now move ahead with the election process again.

Samson – Dinar Guru   Article:   “AFTER A 10-YEAR HIATUS, IRAQ RESUMES OIL EXPORTS TO AN AFRICAN COUNTRY“

Jeff – Dinar Guru  They announced in this article “An economist says budget reform has been stalled since 2009”   Why?  They’re waiting for the rate to change.  Part of the banking reforms have to do with foreign currency – handling and dealings…If the dinar is not tradable, which right now their tradable currency is the US dollar, they’re not able to trade, interact and work with foreign currencies due to sanctions waiting for the rate to change, going international, having a tradable currency.

Samson – Dinar Guru   Article:  “IRAQ IS THE THIRD LARGEST OIL EXPORTER TO AMERICA, WITH 325,000 BARRELS PER DAY – A 292% JUMP IN ONE WEEK”

Sandy Ingram – Dinar Guru  This is what I’m learning in North Africa about the Iraqi dinar…The Iraqi dinar is an official currency only for Iraq and the Kurdistan region….Few other countries will accept the IQD…Iran does not officially accept the IQD either.  The IQD is not accepted in Afghanistan, Somalia, and obviously not here in Egypt…Until the Central Bank of Iraq releases the currency to float or to be connected to the forex markets, banks will not touch it.  But wait, who else had this same scenario, the same problem?  Zimbabwe.  There has been measurable progress with the Zig, Zimbabwe’s new currency has is backed by gold.  It’s not a total complete evolvement yet, but it’s working… Zimbabwe has shown us Iraq’s currency is not totally out the door.  There can be changes that can be made to turn it all around and in a short period of time.

Militia Man – Dinar Guru  They’re not soft balling it anymore.  Highly credible data is out, consistent with the evidence.  Alaq’s…performance since 2022 has been stellar.  Gatekeepers have noticed and endorsed it quietly.  The BIS nod via the Bank of International Standards Alignment is real…Iraq is being prepared for deeper global financial engagement….If you tie everything together, you’re going to see that, wow, this is big.  The Arab League AMF gives regional backing and stability.  All part of the quiet long game plan.  The “quiet” to me has delivered results…Our study has proven time and time again that the gatekeepers are pleased.  The next phase is closer than most realize.

Sandy Ingram – Dinar Guru  I need to talk to you about what’s happening in the talks between the US and Iran.  These talks are being held in Oman…What’s so unique about these talks is they’re not sitting around a table talking to each other.  The tensions are too high for that…What happens is they pass notes or information and the mediator…talks privately to that person.  They are not sitting around a table…They call this ‘indirect negotiations’.  What I’m thinking is going to happen is the US is going to learn the real reason why Iran wants to implement and flex its country and powers into Iraq’s government.  Once the US understands the real reasons, not what people are just saying, the US will better be able to help Iraq…

Mountain Goat – Dinar Guru   Article:  “THE END OF THE “LONG STRUGGLE” … MALIKI IS CLOSE TO ANNOUNCING HIS WITHDRAWAL EXPECTATIONS ARE THAT A NEW SESSION TO ELECT THE “PRESIDENT” WILL BE HELD EARLY NEXT WEEK.”  My sincere belief, not opinion, is that this announcement is what Kurdistan was waiting for in order to announce their nominee for the presidency. Kurdistan would not have just announced their candidate Fuad Hussein, if they didn’t know that Maliki was out...this was the sole reason for the stalling in the election process in the first place as a delay in picking the president was just a reason to stall. In other words, a political maneuver by the Kurds to stall the process in order to take a step back and keep the next step from happening, which would have been Maliki’s nomination.

Mountain Goat – Dinar Guru  This Iraqi dinar reinstatement is not a revaluation…The rate only changes to something we all want when it is reinstated. We call it the RV for short because the rate will jump from artificially suppressed rate (1320) to the nominal rate ($4+) since it will have to change accordingly with the new peg. This is a very straight redenomination process, unlike other redenominations done in many other countries…as Iraq won’t be facing hyperinflation and resetting their currency to combat this inflation. But rather resetting to get back to pre-sanction era days (1991). It will be a resetting so they can reinstate the currency at a much higher rate…

Clare – Dinar Guru Article: “Al-Hurra website, citing sources: US officials informed Maliki that his nomination was  ‘categorically’ rejected and that proceeding with it would have consequences”  Quote “The US-based Al-Hurra website quoted sources  from the coordination framework as saying that the failure to elect a president…was due to the dispute over the nomination  of…Nouri al-Maliki…She added that Maliki…tried to open channels of communication with American officials to find out if Trump’s veto was negotiable, but the response was decisive…proceeding with his nomination will have repercussions…” 

Militia Man – Dinar Guru  The CBI can adjust when ready.  They’re independent since their law from 2004. The gatekeepers, IMF, BIS, US, want data driven moves…They don’t want shocks.  Digital technology like programmable dinar…allows for fast and furious market emotion to build demand positively upon adjustment.

Samson – Dinar Guru Article: “IRAQ ACHIEVES SELF-SUFFICIENCY IN 48 AGRICULTURAL CROPS AND EXPORTS THE SURPLUS”

Sandy Ingram – Dinar Guru  As I was traveling [To Northern Africa] I thought to myself, what if Iraq charges its [Development Road Project] clients in US dollars?  And my heart dropped…Can they do that?  Will they do that?  I don’t know.  I’ve got to…find out if that’s even feasible.  They sell oil in US dollars, why would they not possibly at least research the idea of selling the transportation hub services in US dollars…? It doesn’t do anything for their currency the Iraqi dinar but the Iraqi dinar would need to come up.  It would need to move over at least two decimal points…We need the IQD to move over several decimal points in order to realize some sort of profit.

Clare – Dinar Guru  Article: “Bloomberg: Washington threatens to withhold Iraqi oil revenues because of Maliki US officials met with the governor of the Central Bank of Iraq in Türkiye last week” Quote: “Sources told Bloomberg that Washington informed Iraqi officials in recent days that it might reduce Iraq’s access to oil export revenues if Nouri al-Maliki is appointed prime minister, given the US view of him as being close to Iran…the United States issued a new warning during a meeting held last week in Türkiye between the Governor of the Central Bank of Iraq, Ali Al-Alaq, and senior American officials.”

Militia Man – Dinar Guru  Aside for the political noise they’re still doing what they’re doing…follow the money.  Follow the largest financial institutions in the world.  That’s where you should be…

Clare – Dinar Guru  Article:  “Maliki’s name appears 120 times in Epstein’s files… What’s the story?”  Quote: “According to what Al-Sa’a Network has observed, the mention of Maliki in these files is not related to any direct connection to the Epstein criminal case, but rather comes within a broader political and analytical context…The answer provided by these materials does not point to any direct connection with Epstein, but rather places al-Maliki at the heart of what the documents describe as ‘Iraq’s moment of collapse’…One of the most frequently repeated points within the Epstein files relates to what the texts describe as the Iranian engineering of Maliki’s continued hold on power… According to the documents, Qassem Soleimani was the main driver of the political deal that kept Maliki as prime minister…“

Mountain Goat – Dinar Guru   Iraq still waits for a breakthrough in the election cycle. Meanwhile the Central Bank is still moving ahead with its banking reforms…we know that the Central Bank is ready to move ahead with the currency reform project and make tangible evidence to us. They are ready right now!  Yes, the Project to Delete the Zeros still sits in the wings waiting the election to show positive results. Certainly, if Iraq insists on Nori al-Maliki…this process may take some more time. If he backs down and al-Sudani is nominated we could see the rest of the process fly ahead very quickly.

Samson – Dinar Guru   Article:  “BAGHDAD WELCOMES 36 COUNTRIES AND 1100 COMPANIES TO ITS INTERNATIONAL EXHIBITION“

Sandy Ingram – Dinar Guru   When you compare the currency rates [of the Middle East and North Africa] they are scattered all over the place.  But here’s the deal.  When the development road project does it’s thing, in order for Iraq to take full benefit from the cost of transporting goods from the Gulf to the Mediterranean Sea through Turkey you can’t help but realize Iraq will need to raise the value of its currency so it can take full benefit of its services.

Militia Man – Dinar Guru  Reserves are strong and inflation is anchored.  The market perception is the key battleground with gatekeepers and CBI knowing perception drives behaviors.  Markets are emotional…Negative noise keeps traders cautious, reduces hoarding, speculation.  The positive quiet results builds organic confidence.  Non-oil revenue is up, digital payments surging, reserves are growing, gold – 171 tons, reserves at over $115 billion.  Inflation is low...What is the end result?  Markets move in favor of the reforms when the time comes, demand for the dinar rises.  Real fundamentals are not rumors.

Mountain Goat – Dinar Guru  Again, I have to dispel rumors… that the CBI works independently and that they will reinstate when they are ready regardless of the elections and corruption…They forget or don’t know that the CBI and the GOI work hand-in-hand. This independence only goes so far.

Militia Man – Dinar Guru  Their politics is 3 or 4 days late already.  That’s just the way that system works.  But I don’t think anything is stopping the monetary flow…The political noise is just that, political noise.