Dinar Observer Daily

Reset Intelligence – Dinar Guru  The first trading day of Iraq’s new dinar rate ended with two of Baghdad’s main wholesale markets locked. Shops and warehouses…closed…and exchange houses closed with them, because traders could not put a price on their goods.  The dollar on the street went up, not down. Baghdad closed Wednesday at 167,000 IQD for $100…The gap is not about the bank’s price.  It is a queue of Iraqis who cannot get dollars at a bank…Baghdad answered by promising to meet every dollar request for trade, bank cards and travelers without restrictions…Parliament has called the Central Bank governor and the finance minister in to explain.

Stephen -Dinar Guru  There has been an official change in the Iraqi dinar exchange rate.  This change is counter to what you would expect Iraq to do.  Iraq has been talking about strengthening…the Iraqi dinar…This policy decision hurts the citizens…Their purchasing power is even less…How is this positive economic change for them?  It’s not right now.  I do believe this is a somewhat brilliant move by the CBI to help pull in even more notes because if you are an Iraqi citizen..you don’t know if the central bank is now going to lower the exchange rate even more.  So you want to ditch your notes and get the US dollar, which is counter to what you think you know the central bank and the Ministry of Finance would want.  They want the citizens to start using dinars.  They’re not going to use dinars if there’s no confidence in it.   [Post 1 of 2…stay tuned]

Stephen – Dinar Guru  I think not only does this sow a lot of confusion and anger from the Iraqi citizens but…this is going to shake out a lot of people…Iraqi citizens are going to want to exchange their dinars and get back into dollars…Now it’s 1510…one of the weakest currencies in the world…The potential they have is off the charts…I think it’s…a  misinformation, disinformation campaign.  It makes zero logical sense to  why they would want to weaken the dinar even further…I do think a much larger rate change is on the horizon…The fact that they’re taking about this is a huge deal…I think something like this would definitely proceed a major rate change… [Post 2 of 2]

Mountain Goat – Dinar Guru …what if Iraq could sell its oil for dinars? Would this not force the international market to demand dinars? Would the US ever allow this or do they maintain the dollar dependency as leverage with Iraq? When can they finally end this necessity to have this leverage over Iraq? Is Al-Zaidi going to be their savior?  These are all questions closely related to see our RV.  I am not saying that all these events must occur because remember Dr Shabibi was going to reinstate the dinar way back in 2013 and none of these banking reforms were in place nor any of these other measures done. So, anything can happen for these issues as long as SECRITY and STABILITY are achieved. We have been told over and over again these are the two main ingredients necessary for the reinstatement. 

Mountain Goat – Dinar Guru    Article:   “THE IRAQI GOVERNMENT REASSURES MARKETS: THERE IS NO DECISION TO CHANGE THE CURRENCY OR REMOVE ZEROS.”  Quote:  “…the Iraqi government is working on approving a package of measures to stimulate the economy and protect the purchasing power of citizens.”…this all important article is…chock-full of information for us investors…the liquidity issue has come to a new heightened urgency pitch…In the past we learned that there is a needed law to conduct the removing of the zeros…This law is going to be part of a package of measures and will be presented to parliament soon… [Post 1 of 2….stay tuned]

Mountain Goat – Dinar Guru  We know that the only solution is to remove the zeros and they know it…They hesitate because they know it has to be followed very closely with the reinstatement to FOREX... they must already know what they are going to do and how they are going to do it.  I firmly believe we may see the beginning of the project to remove the zeros begin in early January 2027, the beginning of a new fiscal year…BE CALM. It is coming but there is still some work to be done prior… [Post 2 of 2]

Jeff – Dinar Guru  We have Kuwait syndrome…They tried to tell you they’ve devalued the dinar within the ’27 budget.  That’s nothing more than what Kuwait did…right before they revalued their currency, lying to you, saying, ‘We have no intentions of revaluing the currency.’ Then BAM, they shortly did it. 

Stephen – Dinar Guru  This week potentially has the potential to be one of the biggest seeking in the dinar…

Clare – Dinar Guru  Article: “The United States is threatening to put Iraq on the terrorism list”  Quote:  “United States: If the factions do not surrender their weapons, Iraq will be placed on the list of state sponsors of terrorism…“

Samson – Dinar Guru  Article:  “PARLIAMENT : THE 2027 BUDGET WILL REACH THE HOUSE OF REPRESENTATIVES IN THE MIDDLE OF THIS MONTH“

Reset Intelligence – Dinar Guru  On Sunday night one outlet reported that Iraq’s 2027 budget values $100 at 150,000 IQD. On Monday evening the same outlet carried a currency market spokesman saying the decision will not be implemented. The two stories ran 19 hours apart...The Central Bank of Iraq is the only institution that sets the rate…Nobody with the power to change the IQD’s rate has put a name to 150,000. That is where this story stands 2 days in.

Sandy Ingram – Dinar Guru  The thing I’m concerned about now…there is talk of requiring those of us holding Iraqi dinar banknotes…to satisfy SWIF requirements.  Meaning they want a track record or proof or documentation of where and how we got our IQD bank notes. Don’t get upset.  All of this is just talk right now but it could develop into more than talk.  That’s why a lot of people are talking about revalue because they know these things are happening behind the curtain…My recommendation… you want to develop a credible documentation on how/when you received or purchased your Iraqi dinars and from whom.

Jeff – Dinar Guru  I told you all that news from Channel 8 was complete bull shit.  Here you go…  Article: “Currency spokesperson denies Dinar Devaluation Rumors Amid Market Panic“.   All that news yesterday about devaluing the dinar 1500 to a buck was bull shit...Choose your sources wisely friends…

Stephen – Dinar Guru  Article:  “Proposed budget revision points to planned currency devaluation.”  Well that’s not what we want.  We want a revaluation not a devaluation.  Quote “…the approval and vote of the Council of Ministers and Parliament are required regarding setting the accounting exchange rate at 1500 IQD per US dollar…although the Ministry of Finance has thoroughly studied the matter, it does not mean this is a final decision.”  This is not actually happening.  This is just a draft proposal.  They are proposing moving the exchange rate to 1500 from 1310…It’s a proposal...A lot of people are missing that point.

Clare – Dinar Guru  Article: “The 2027 draft budget adopts a rate of 150,000 dinars per 100 dollars… and the Central Bank denies fixing the rate so far”  Quote: “Member of the Parliamentary Finance Committee, Dylan Ghafour, revealed on Monday that the draft Iraqi budget for 2027 includes adopting an exchange rate of 150,000 dinars per 100 dollars, in a move that, if approved, would represent a clear change in the rate adopted during previous years…the proposal is still within the draft budget and has not yet been voted on in the Cabinet.“

Jeff – Dinar Guru   We could have two golden nuggets later this week.  If they are going to come forward this week, the two golden nuggets will bring you 100% confirmation the rate is about to change… Later this week they could give us the date that they’re going to send the ’27 budget to parliament along with they could give us the parliamentary date that they’re going to vote on the cabinet.

Clare – Dinar Guru  Article Quote: “…information circulated about the inclusion in the draft of the federal general budget law for 2027 of a new exchange rate of 1,500 dinars per dollar…Raising the price used in the budget would give the Iraqi treasury a larger amount of dinars compared to the oil revenues collected in dollars, which could help the government cover part of
its obligations and public expenditures and reduce the account deficit gap. On the other hand, adopting a higher official dollar exchange rate has direct implications for the purchasing power of the dinar and the cost of imported goods, especially since the Iraqi economy relies heavily on imports to cover local demand for food, medicine, consumer goods and equipment…”

Sandy Ingram – Dinar Guru  This is the real problem.  The official central bank rate has stayed at 1310 to 1 US dollar.  Baghdad’s parallel market was 1573 dinars per dollar…That’s 20% more expensive than the official rate…The fact is Iran still have influence in Iraq.  That is our problem today, people.  That’s what we’re looking at.  What they’re not talking about is this gap between the parallel market rate and the official rate.

Stephen – Dinar Guru  Iraq must go through the US financial system to access its dollars.  Iraq sells oil internationally in dollars.  Those proceeds are deposited into its New York Fed account.  When Iraq needs physical dollars that money moves through systems monitored by the Untied States.  That gives Washington substantial influence over physical dollar shipments, international transfers, banking compliance and prevention of dollars from reaching sanctioned entities like Iran.  Iraq earns the money but accessing it and moving it requires US cooperation. 

Clare – Dinar Guru  Article: “Iraq Proposes Major Dinar Devaluation in 2027 Budget”  Quote: “Minister of Finance Faleh al-Sari stated the value of $100 has been set at 150,000 dinars in the draft 2027 budget. She noted that according to the decision, the gap between the official exchange rate and the parallel market rate will be eliminated…It does not mean this is a final decision.“

Samson – Dinar Guru  Article:  “AL-SHAMMARI : THERE IS A MOVE TO REDUCE THE DOLLAR EXCHANGE RATE IN IRAQ’S 2027 BUDGET … AND THE MATTER AWAITS OFFICIAL APPROVAL“

Jeff – Dinar Guru  The draft [2027 budget law] is expected to reach the House of Representatives on the 15th of this month.  The 15th of this month is exactly the anniversary date when Shabibi put the original currency denominations [the new currency that you and I hold for this investment] into circulation 10-15-2003.  They could be repurposing that anniversary date in memory of Shabibi because he’s the founding father of this…Their actions suggest they’re doing something from a historical anniversary perspective…In order for them to do that they would have to change the rate…

Mountain Goat – Dinar Guru    Article quote:  “The phrase “removing zeros,” as simple as it sounds, represents one of the most ambitious and complex financial engineering projects in the country’s modern history. The central bank is not just changing numbers; It is redefining how Iraq interacts with the global economy. The world is watching closely. The potential shift in the dinar’s value, with projections ranging between 3.22 and 4.25 to the dollar, has captured the attention of investors, economists, and governments worldwide. This is not just an economic story; it is history in motion. As Iraq stands on the precipice of this financial transformation, the message is clear: the nation is ready to transcend its past and write a new chapter of prosperity and strength.”

Jeff – Dinar Guru   If it’s true about Iraq’s budget making it to parliament for approval by the end of October, there’s your back wall to the rate change…The rate has to change before parliament can approve the ’27 budget…The information about the ’27 budget to parliament for approval by the end of October, I don’t know if it’s accurate.  But it’s what they claimed… The main things you want to keep your eyes on…would be the ’27 budget timing along with the cabinet…

Samson – Dinar Guru  Article:   “MP : THE 2027 BUDGET WILL BE SENT THIS MONTH AND APPROVED BEFORE THE END OF THE YEAR“

Reset Intelligence – Dinar Guru  Central banks are still buying. Poland added 82 tonnes of gold in the first 6 months of this year, China’s central bank has bought for 22 months in a row, and gold has passed US Treasuries as the largest asset in foreign official reserves. Our theory is that every currency is heading back to hard assets, the IQD included. Iraq’s central bank holds about 175 tonnes of gold, and its governor was elected deputy chair of the Arab central bank governors’ council this week.

Stephen – Dinar Guru   Financially Iraq is still closely connected to Washington.  Oil revenue continues to flow through an account controlled by the Central Bank of Iraq at the Federal Bank of New York…America is still going to control a lot of what Iraq can or can’t do…‘He who has the gold makes the rules.’  We hold their money.  If we hold their money they have to comply with us and what we say…

Clare – Dinar Guru  Marco Rubio, Secretary of State Press Statement “On behalf of the United States of America, I congratulate the people of Iraq on their National Day on October 3.  Prime Minister Ali al-Zaidi’s July visit to Washington and his meeting with President Trump at the White House reaffirmed the close friendship between our two nations…We also welcome Iraq’s efforts to strengthen its sovereignty…We extend our warmest wishes to the people of Iraq as they commemorate this important occasion.”

Jeff – Dinar Guru   Community Comment: “We’re so close, yet still feels so hard to believe.”  Completing the government cabinet is the lynch pin to the rate change...The majority of the articles are saying within the next week.  We have two articles talking about within the next two weeks completing the cabinet…Right now we’re so close to the finish line the safest way to play it is one week at a time…Everything is going to be very short notice so they can wrap it up very quickly.

Mountain Goat – Dinar Guru  …getting the dinar back to FOREX is key to our investment and is when we can exchange, if the rate is what we want to exchange from dinars to dollars or the currency of our own country. There is no guarantee what the rate will be.