Dinar Observer Daily

Militia Man – Dinar Guru  Iraq is getting ready to go international and they are going to become a powerhouse in the world because they have a lot of value.  They have a a lot of assets.  They have natural resources to the extent…they’re 1st, 2nd, 5th, 10th in the world of having the biggest deposits in the world.  They also have one of the youngest populations and growing populations…The WTO and the World Customs Organization are probably chomping at the bit waiting for Iraq to do what? Give themselves a Real Effective Exchange Rate and to move forward…

Pimpy – Dinar Guru  You guys are still saying the LOP and the deletion of the zeros are two separate things.  It’s the same damn thing…LOP, the deletion or the zeros, the removing of the zeros, the reducing of the zeros are the same thing.  It’s called a re-denomination…When a country re-denominates the old currency is no  longer any good…

Mountain Goat – Dinar Guru   Does Iraq need the Oil and Gas law in place prior to the RV?   I have to tell you that there is nothing in the 2011 Dr Shabibi plan that tells us it does. Remember back in 2012-2013 he had signoffs from everyone and was moving forward. Did they have the Oil and Gas Law passed. Of course not. So, I believe anything is possible.

Pimpy – Dinar Guru  Iraq is transforming in a very quick and powerful way is great news…The fact they’re able to accomplish all these projects and there are a lot of huge projects being accomplished somehow with an exchange rate of 1320…

Militia Man – Dinar Guru  Al-Sudani is coming to America and hopefully coming home that he has accomplished everything in Iraq’s favor as a whole.  So give or take, whether it’s before he comes home or after he comes home Iraq is going to be whole.   That means everything is in Iraq’s cards…they have the ability to be sovereign again.  That’s what we’re waiting for.

Fnu Lnu – Dinar Guru  Iraq is worth far more than 16 trillion dollars and there is far less than 80 trillion in circulation…To espouse such inciting commentary [against this]…negates everything Dr. Shabibi has stated and everything the CBI and GOI have stated. The Dinar was worth $3.22 pre-sanctions and at that time all they had was oil at $32 dollars a barrel…

Clare – Dinar Guru  Article: “Office of Mr. Al-Sistani: It is expected that Wednesday will be the first day of Eid Al-Fitr”  Quote:  “The office’s forecasts for the crescent times for the Hijri months indicated the possibility of seeing the crescent of Shawwal tomorrow, Tuesday, so that Wednesday will be the first day of Eid al-Fitr.”

Sandy Ingram – Dinar Guru   Iraq’s prime minister will be in Washington, DC in less than 8 days to meet with President Biden.

Pimpy – Dinar Guru  There seems to still be some confusion about the official exchange rate versus the real effective exchange rate… comments like “When they get to the real effective exchange rate” or When they switch to the real effective exchange rate.” Or “When they use the real effective exchange rate“…This is confusing…what a real effective exchange rate is…An official exchange rate is at which country’s currency can be exchanged for another country’s’ currency…Real Effective Exchange Rate is a broader measure that takes into account not just one bilateral exchange rate but a weighted average of a country’s currency against the basket of it’s major trading partners…Iraq already reports the effective exchange rate…It’s already there…you don’t have to wait for the real effective exchange rate to come popping up, it’s already being used…

Militia Man – Dinar Guru  We’re watching Iraq go international. It’s an interesting study.  It’s fascinating…Iraq is coming up…Iraq is moving in the a direction to go international and it’s phenomenal.

Pimpy – Dinar Guru   Question:   “How are changes to the Iraqi dinar going to affect the Iraq stock market?”  3 or 4 years ago there was a group of us invited to join a couple different people who were investing in the Iraqi Stock Exchange…When I first heard about this we were told that if we buy the stock now and when they reinstate the rate the value of the stock would really shoot up and we would have tons and tons of money…Iraqi Stock Exchange …the cost of the stock is in USD not the Iraqi dinar.  That’s important…If the Iraqi dinar is re-denominated, that’s when they LOP off the zeros…it would not necessarily require any adjustments to the Iraq stock.  [Post 1 of 2]

Pimpy – Dinar Guru   Re-denomination of a currency involves changing the face value of the currency by dropping zeros from the existing notes and issuing new currency at a lower nominal value…  Therefore a re-denomination of the Iraqi dinar would not inherently necessitate adjustments to Iraq stocks...If Iraq increases the exchange rate of the Iraqi dinar…this is different.  A re-denomination will have a slight effect, if at all, verses changing the exchange rate…increases the purchasing power for Iraqis… The stock is already priced in American dollars so no the increase in the exchange rate of the Iraqi dinar is not going to make everybody millionaires on the stock market…   [Post 2 of 2]

Sandy Ingram – Dinar Guru  The real effective exchange rate (REER) is a measure of the relative strength of a country’s currency in relation to an index or basket of other major currencies.  The REER is used to judge whether the country’s currency is undervalued or overvalued or, ideally, fairly valued… Nominal Effective Exchange Rate (NEER)…It is an index of the weighted average of bilateral exchange rates of home currency with respect to a basket of currencies of trading partners.  An increase in NEER indicates an appreciation of the local currency against the weighted basket of currencies of its trading partners.  [Post 1 of 2]

Sandy Ingram – Dinar Guru   Iraq’s top five export trading partners are India, with $38.8 billion, China with $34 billion, the United States with $10.3 billion, South Korea with 8.21 billion, and Greece with $6.27 billion.  Based on Iraq’s export partners the Iraqi dinar definitely could be worth more.  However everything is speculative until the US and Iraq give the green light to float, revalue, reinstate or increase the value of the Iraqi dinar…This could happen overnight but it is unlikely.   [Post 2 of 2]

Samson – Dinar Guru  Article: ”WTO – ACCESSIONS – MAY 9th, 2024 – Includes Iraq“

Militia Man – Dinar Guru   Article:  “The start of drawing liquidity from the hands or Iraqi’s”  Iraq is getting money outside of the bank, into the bank…They’ve gotten off the street upwards of 8 trillion dinar.  That’s a lot of dinar…Reducing the note count is the direction which is where they’re headed…If you reduce the note count, purchasing power comes with it...

Pimpy – Dinar Guru  On the one hand this [Closing Iraq’s DFI in the United States] is a big step for Iraq.  They now have control over their own funds and they can make their own decisions without asking for permission.  On the downside we still have Maliki and the Coordinating Framework in charge of the government…This [The DFI closing] is a good thing though.  It’s a big step for Iraq.  It’s a big step in gaining their freedom 100%.  Internationally it looks really good for Iraq as well…Untied States is saying, ‘Look we trust Iraq can deal with whatever comes at them…’

Pimpy – Dinar Guru  Did we hear this rumor correctly?  Did Iraq find a replacement for oil? ...It’s been under their feet the whole time…What do you suppose that would do for their economy especially if it allows them to get away from relying so much on oil.  It could be very very exciting… Article:  “One more country ahead of us in the race for the ‘most renewable fuel’:  this is a developing one and will replace oil”   It looks like Iraq is going to start doing what they can to get away form oil and start producing green hydrogen… Yes, indeedy things still looking good for Iraq.  Let’s hope they stay on the straight and narrow and everything goes their way and we can see the Iraqi people have a prosperous life.

Militia Man – Dinar Guru   When Iraq adjusts their exchange rate…all boats rise with the tide.  All those boats that own Iraqi dinar are going to rise.  The United States is going to be part of that process with the Development Road project.  See how cheap it’s going to be to build that country by raising the value because they have a real effective exchange rate?  You can see where the deals are going to be made.  It’s going to be phenomenal.

Clare – Dinar Guru  Article: “Iraq’s banking system grows 15.1% in 2023 to $156.7 billion“

Pimpy – Dinar Guru  Community request  “Please tell us about the smaller notes, 500s, 250 and 50s. Will they be a throwaway?  What is the good and bad of them?”  If they do a re-denomination there won’t be a need for a 500 or 250 note…They’re going to create the notes like the ones we have.  You will see a 1, 5, 10, 20, 50 and 100 denomination…They don’t lose the purchasing power.  The 10 has the same purchasing power as a 10,000.  The 5 has the same purchasing power as a 5,000.  The one has the same purchasing power as the 1,000…

Militia Man – Dinar Guru  With the Central Bank taking measures to stop the exchange rate rise in the parallel market showed they attained a gradual decline in the exchange rate due to merchants gravitated to the new platform in significant numbers whereby the parallel market decreased to a mere $25 million a day compared to over $200+ million with the legitimate system. They say that decline will continue. Likely to disappear, imo.

Pimpy – Dinar Guru   It really looks good for the future of Iraq.   Outside of the corruption that’s in the government.  If they can stay on the path, Al-Sudani gets a clear path to continue, the future for Iraq’s economy looks really good.  They should see some economic boom as long as the coordinating framework and those political people that are in power can somehow get out of the way or removed from office altogether…

Militia Man – Dinar Guru  Why in the world would anybody want to invest into Iraq if they were going to put their money into Iraq and then they were going to lose?  Because if you invest your money in Iraq and they LOP their currency you’re not going to make any money, it’s a neutral event.

Clare – Dinar Guru  Article:  “Al-Shammari reveals the most prominent files of Sudanese’s visit to Washington and the government’s ambition regarding the dollar”  Quote: “Al-Sudani’s visit to Washington will be practical and will not be for taking pictures...The Iraqi delegation will ask the American side about the reasons for their decisions to impose sanctions on Iraqi banks… Our expectations are that the visit will be very successful…”

Pimpy – Dinar Guru  Community Comment:   “It’s the exchange rate.  I don’t know where they get taking zeros off the bills.”   Every study out there that talks about the deletion of the zeros tells you it comes off the bank notes…If they delete the zeros, your 25,000 becomes a 25 dinar.  They’re going to take the zeros off [the rate as well].  .00076 becomes .76…still the same value.  You have a smaller denominated note but your purchasing power stays the same.

Militia Man – Dinar Guru  Auctions are going to stop as we know them.  They’re suggesting they have a move…  Quote:  “The bank said it would stop the platform at the beginning of the year…”  But then they moved to next April 1st.  That’s Monday…It’s exciting times to be sure.  If they’re stopping those auctions as we know them something’s going to change.

Pimpy – Dinar Guru   Community Comment:  “I printed this executive order out and took it to my my bank manager.  She agreed that executive order make the dinar tax exempt.”  Your bank manager is an expert in tax?  …No it’s not exempt from taxes.  But if you want to believe that, get your money and don’t pay your taxes.  Go ahead.  I dare you.  Anything over $500 on an exchange you have to pay taxes on it…Don’t pay your taxes and watch what happens.

Militia Man – Dinar Guru  Article quote:  “…The head of the Parliamentary Finance confirmed the exchange rate will continue to decline according to current data.”  Exactly.  Because once you guys go public and private and you adjust your real effective exchange rate the parallel market goes bye-bye…and the dollar’s pricing is going to go down, the dinar is going to get stronger.  Exactly what Sudani said…

Kaperoni – Dinar Guru   It has been clearly stated that Iraq’s net worth is about 16 trillion dollars including all minerals and oil in the ground. Iraq has over 100 trillion dinar in circulation. There can never be a significant RV.