Dinar Observer Daily

Militia Man – Dinar Guru   Article quote: “…this year will witness a significant and tangible change for the citizens.”  1310, if going into the future, is not…a significant tangible change…We already know Alaq said he was going to have to delete the zeros.  We know al-Sudani said the dinar is going to be stronger than the dollar…

Samson – Dinar Guru  Article: “Parliamentary Committee: The investment law will see the light soon”

Mountain Goat – Dinar Guru  If you step outside of Iraq, when they finally do reinstate the dinar, the exchange of the three zero notes…will exchange to whatever the currency exchanges i.e. FOREX rate is at the time.

Militia Man – Dinar Guru  When you drop three zeros it creates value. It’s that simple. When you add a real effective exchange rate to that value that’s created from dropping the three zeros, that’s when the fireworks begin.

Kaperoni – Dinar Guru  Monetary policy in any country is never a random act or arbitrary decision. It’s the result of progress. Until Iraq passes the needed legislation to encourage investment, the dinar will continue to remain weak.

Sandy Ingram – Dinar Guru The Central Bank of Iraq denied issuing a new currency denomination. The decision highlights the bank’s confidence in the strength and stability of the Iraqi dinar, Even as other economies toy with the idea of introducing new denominations…

Kaperoni – Dinar Guru “…New currencies coming out in Iraq”. Not true, the Iraqi dinar is the currency of Iraq. As far as any new smaller denominations, they will be introduced only as needed if and when the value increases and warrants so. There is no significant RV!

Militia Man – Dinar Guru Article: “You will start with the transfer of 2 billion dinars” Quote: “Parliamentary legal department, the budget will be dispersed and will not be affected by appeals.” There’s been some misunderstanding about that out there…

Clare – Dinar Guru IN 2023 THERE WAS AN APPEAL ON THE ACTUAL BUDGET… BUT WAS RULED OUT THROUGH THE COURTS. THE TRIPARTE BUDGET WAS LEGALLY PASSED, SENT TO THE PRES. WHO SIGNED IT AND WAS PUBLISHED IN THE GAZETTE. Today’s Article Quote: “I do not think there will be an appeal, and even if there is an appeal, the budget will be spent, because it was voted on and its issue was decided legally.” THERE IS NO APPEAL ON THE BUDGET SCHEDULES THAT WERE JUST PASSED BY PARLIAMENT AND IT WAS NOT NECESSARY TO BE SIGNED BY PRES. BECAUSE THE BUDGET WAS ALREADY PASSED…THE MOJ HAS IT NOW AND WILL PUBLISH WHEN READY.

Dinar Investor – Jeff  You don’t want the budget to be approved because if it’s approved, it’s approved with dinar at today’s Central Bank value, 1310. What you want is the court to overturn the approval.

Mountain Goat – Dinar Guru …the IMF is not going “lop” the Iraqi dinar. A “lop” is a tool the IMF uses to restart a currency from massive inflation. …We also have articles for Iraq telling us they WILL NOT lop the dinar. They do not have massive inflation and so this tool of a lop is not necessary. That is why they call it the “project to delete the zeros” and not a ”lop”.

Pimpy – Dinar Guru  Let’s go ahead and address a rumor that’s going around…the exchange rate is going to be $28 to 1…When I heard that I damn near fell out of my chair…There’s so many people kind of getting excited about…going is this real?  You should ask yourself which currency out there currently is the most valuable?  That’d be the Kuwaiti dinar…I don’t think it’s $3.22…You think it’s [the Iraqi dinar] is going to come out with an exchange rate of $28 to 1?  Yikes.

Clare – Dinar Guru   Article:  “Iraq bids farewell to the list of high-risk countries”   Quote:  “Observers and specialists in political affairs expressed their optimism about Iraq’s exit from the list of ‘high-risk countries’ that was officially announced by the International Task Force (FATF) last week, noting that the international declaration represents an important step in the correct path that the Sudanese government is taking in achieving reforms.  Financial and economic along with political stability.“

Samson – Dinar Guru  Article: “Including transfers and attracting investors.. The Supreme Judiciary determines the advantages of removing Iraq from the gray list”  Quote: “The Supreme Judicial Council identified the advantages of removing Iraq from the list of high-risk countries…”

Militia Man – Dinar Guru  You kind of need the IMF article VIII compliance and that’s what we’re waiting for which is a real effective exchange rate.  I think these guys are about ready to expose that.  I think al-Sudani…Alaq from the Central Bank of Iraq all of them have this in their eyes to see this come to fruition and very quickly…

Jeff – Dinar Guru  At this time the budget is not published in the Gazette.  The budget has not been implemented because it can’t be implemented until the court finishes their appeals on it.  

Mountain Goat – Dinar Guru  Iraq…when ready, they will drop the three zeros and give the citizens so many days to turn them in the old three zero notes for exchange of the new lower currency denominations. This exchange will most likely be electronic. It will be a 1:1 exchange but not like many think…I DO NOT mean one dollar for one dinar. I mean, for instance, a 25k note for a new 25 note. This is the 1:1 the CBI has talked about many times. Yes, the dinar may revalue first in-country to just over a dollar, but this is still not what the CBI meant by 1:1 in the past…the VALUE of the dinar has always been there…only when they drop the three zeros it becomes more manageable and nominal. The VALUE is still the same.

Kaperoni – Dinar Guru  It’s already stated Iraq plans to end the currency auctions by the end of 2024…In several articles…they also mentioned that Iraqi banks will have to establish banking relationships with the global and regional banking sector. This can only happen if Iraq accepts IMF Article VIII.

Pimpy – Dinar Guru   [Reaction to Iraq Update Video below] Pay attention, this is the youth of Iraq.  They’re very very hopeful.  Like I said before, even if they delete the zeros that doesn’t mean all is lost.  If you really believe Iraq’s currency is going to be the strongest in the world, if you believe they’re going to have one of the best economies in the world then just hold on to the currency.  These are people who live over there.  They’re telling you for the next 20 years Iraq is going to be booming.  And I’m not talking about conflict, I’m talking about the economy.

Clare – Dinar Guru  Question:   “Wonder if the budget made it into the Gazette?”  NO IT WAS NOT IN THE GAZETTE TODAY [Saturday].

Militia Man – Dinar Guru   Anybody going with Sudani is going against the mafias and going against those that are going to have their dollar auctions dry up.  They’re going to have lots of different little things happen to them that are going to be painful.  Anybody that’s holding the dollar when they change the exchange rate…those exchange companies, 197 banks that got tagged by the central bank…they’re going to have a painful experience because if you’re not large on the dinar and you own dollars and Alaq drops the three zeros, those guys are going to have a painful situation… They’ve been warned.  They’ve been open about stopping the dollar auctions in Iraq for this year…

Mountain Goat – Dinar Guru  The electronic systems are taking hold…This will allow the shrinkage/withdrawal of the tangible currency notes from the market that is needed in the process to Delete the Zeros…a critical part of it...I can remember hearing as far back as 2010 from Dr Shabibi the importance of the electronic banking effort and its advantages to the process. Yes, they MUST shrink down the currency mass…if you shrink down the monetary mass than what is left will be worth more.

Pimpy – Dinar Guru  My question is whether or not Iraq is going re-denominate the Iraqi dinar because then [if they  re-denominate] the Iraqi dinar isn’t going to create a lot of millionaires.  I’m hoping that they’ll change the exchange rate and  leave those zeros right where they are…

Clare – Dinar Guru  Article: “Trade announces the opening of the new Iraqi Commercial Attaché headquarters in Washington”

Jeff – Dinar Guru  Article:  “The Iraqi Communist Party marks a constitutional violation by approving the 2024 budget schedules”  Quote:  “The Political Bureau of the Iraqi Communist Party confirmed…voting on the budget tables before approving the final accounts represents a violation of the constitution.“  There were about four articles that come out – Iraq’s 2024 budget actually got appealed.  It’s unconstitutional…Next week the court may be announcing a ruling to overturn the budget because it’s unconstitutional…That’s going to have a huge impact on the investment…

Breitling – Dinar Guru I have an average at where I think it’s going to revalue at, $0.51 or $0.52 cents.  I could be wrong.  It’s not like Abraham Lincoln said that or something.  It was an average.  That’s why I got into the dinar. That’s where I seen the value.

Militia Man – Dinar Guru   Article: “News publishes the text of the third strategic plan of the Central Bank of Iraq”  Here’s the powerful stuff.  Quote: “…ability to issue medium or long-term securities, the transition from the platform to the banks…the increase of gold reserves, the introduction of new issuance of the high quality currency, the automation of monetary process…”  This speech that Alaq has done will be one to remember…He will be likely showing us something very soon…For Allaq to be talking about the issuance of a new high quality currency is awesome!  It’s huge.  Especially when he uses the word ‘issuance’.  It means it’s coming or it’s about to be released…It’s phenomenal.  It’s looking very good.  It sounds like they’re about to issue new money. 

Samson – Dinar Guru  Article:  “A parliamentarian challenges the budget schedules before the Federal Court.. Document”

Clare – Dinar Guru  BUDGET SCHEDULES WERE NOT PUBLISHED TODAY [Wednesday].  THE GAZETTE  COMES OUT ON WEDNESDAYS & SATURDAYS.

CharlieOK – Dinar Guru   It would be very hard to have a “contract” if you don’t know what you are going to be paid.  More than likely, the companies with the “contracts” already know what the rate is. The “contract” would have to be subject to an agreed rate certain, in order to be able to agree to an amount they will agree to be paid in consideration of their services.