Dinar Observer Daily

Pimpy – Dinar Guru  Where did anybody get the information that the Iraqi citizens were going to be paid for the hydrocarbon law? …I’ve heard that rumor so many times and still to this day cannot figure out where it comes from…Iraq’s hydrocarbon law revenue sharing include the Council of Ministers…[and]… Federal Oil and Gas council…  Nowhere in the hydrocarbon law…does it say anywhere in there about disbursement to the Iraqi people…I haven’t been able to find anything in which the Iraqi citizens are able to benefit from the hydrocarbon law.  They’re not getting payment whatsoever…

Militia Man – Dinar Guru    Article quote:  “Minister of Finance …will launch funding for the government tomorrow Sunday…explained the value of salaries amounts to 69 trillion dinars.”  69 trillion is over half what they’ve ever printed.  It doesn’t make any sense.  How do you have a 228 trillion budget when you don’t ever have that much money?

Pimpy – Dinar Guru  We’re dealing with two different things… We have what’s known as the nominal value, which is the numbers on the bank notes and then we have an exchange rate value.  That’s two different things.

Militia Man – Dinar Guru The Iraqi dinar is not a scam.  It’s a real currency.  It’s a real country.  It’s a real government...It’s going to be a real component to the international financial world…

Sandy Ingram – Dinar Guru    I would say [They] do not want us to have wealth from our investment in the Iraqi dinar.   Why?  Because it would become too difficult for them to continue to control us.  We are the ones they do not want to give power to…When I…imply Iraq will go on to readjust its currency and we may not be privileged to participate in the profits this is where I am coming from.  Iraq re-adjusting its currency does not mean the country will join the global financial platforms.   Saddam never did and his currency was worth 1 dinar to 3 US dollars…Will they allow the people of Iraq to connect with the people outside of Iraq on the Forex market?

Pimpy – Dinar Guru  This is [from] the World Bank data bank – Real Effective Exchange Rate is the nominal effective exchange rate in measure of the value of a currency against a weighted average of several foreign currencies divided by a price denominator or index of costs…  Iraq already reports a real effective exchange rate.  They report it all the time…It’s reported to the IMF regularly…

Militia Man – Dinar Guru  The 15th of April, I’ll tell you this, most likely what…Sudani, Alaq, all those folks in the Ministerial Council of Economics, they’re working their tails off to make sure to make sure they’re ready, if not done, well before Al-Sudani shows.  Because if he’s coming to town and he wants bargaining chips and I’m pretty sure a real effect exchange rate is going to be one of those bargaining chips.

Mountain Goat – Dinar Guru  I know it’s been a very long road for us investors but we will get to the end of this and we can now see the writing is on the wall…we must…follow the 2011 plan and it is going to lead us to the RV, whenever that occurs. We can see now their next step …we can clearly see it is VERY, VERY close, according to the interview with Salih.

Pimpy – Dinar Guru  The IMF, WTO, World Bank and whoever don’t have a say whether or not Iraq LOPS off their zeros.  That is decided by the Central Bank of Iraq as well as the government of Iraq.  You’re confusing the ‘lopping of the zeros’, ‘the deletion of the zeros’, ‘the reducing of the zeros’, ‘the removing of the zeros’, as somehow a loss in value.  It is a neutral event.  It doesn’t affect outside investment into the Iraqi dinar.  I told you when you remove the zeros all you’re doing is lowing the nominal value of the currency.  Has nothing to do Iraq’s exchange rate versus other wold currencies – noting whatsoever. 

Militia Man – Dinar Guru  When people suggest they’re going to LOP the currency ask them about…How is it that a country that’s worth $16 to $17 trillion with no inflation is going to LOP their currency?  And that would be allowed by the IMF, the Bank of International Settlements and the WTO…US Treasury?  Why would they be able to just erase the value of the currency when the US Treasury holds lets say 7, 9, 10 trillion dinar?  …This is what’s in the news.  This is what’s reality…

Mountain Goat – Dinar Guru  …it is very significant to collect…dollars stashed in the homes of the citizens. This is the next step.  But they told us the CBI would not take this next big step, to collect all this cash, unless they first got the parallel market under control.   Now they are telling us it is under control. …But how will the CBI get all these hordes of cash out of the homes and into the banks? …Yes, more purchasing power…But how do you get more purchasing power? You must increase the rate of the dinar and I firmly believe this will be next step and this is coming soon, VERY soon!  [Post 1 of 2]

Mountain Goat – Dinar Guru   But slow down cowboy, I did not yet say reinstatement…this is going to be first an in-country revaluation… We don’t actually know the next “program” rate revaluation from 1320, but we do know with certainly it must be over a dollar.  How much over to give enough incentive to turn in the dollars, we don’t know. … We are not going to exchange at this rate anyhow. Later, after the reinstatement, If you live in the U.S. you will get the U.S. rate, if in Canada you will get the Canadian rate or if you live in the EU you will get the European rate.  I told it will be significantly higher than the initial in-country rate by the time we see it and go to the bank…    [Post 2 of 2]

Militia Man – Dinar Guru  Article quote:  “…in addition to the possibility of achieving a significant increase in its Financial incomes that would raise the purchasing power of the Iraqi individual...”   To me that’s massive because…they’re talking about raising the purchasing power of the Iraqi dinar.   How do you raise the purchasing power of the Iraqi dinar without changing the exchange rate?  Obviously…they can’t.

Kaperoni – Dinar Guru  Iraq only has a net worth of about $16 trillion dollars including all minerals and oil in the ground. With over 80 trillion dinar in circulation they could never significantly RV the Iraqi dinar…

Sandy Ingram – Dinar Guru  We often talk about $0.10 to $0.25 to one U.S. dollar.  People get upset but that is what could happen without a reval.  And most of the [Dinar investors] would experience a six-figure profit if the currency just went up to 10 cents to 1 U.S. dollar.

Pimpy – Dinar Guru   When they re-denominate all currencies are going to have a new look.  Most likely what you’re going to see is the same thing you see here in the United States.  We have a $100… $50…$20… $10…$5… and $1 bill.  Most likely that’s what you’re going to see in the dinars…

Militia Man – Dinar Guru  Article Quote:  “Advisor to the Prime Minister al-Sudani…the global economic community estimates as a stock capital at prevailing price today, Iraq’s worth about $16 to $17 trillion U.S. dollar“   It’s a lot…Instead of having people come in and mine it, take it away and produce and sell it, Iraq’s going to mine it, produce it and sell it.  They’re going to get both sides of the equation…That raises the income stream for Iraq…

Mountain Goat – Dinar Guru   Article:  “BIDEN TO HOST IRAQI PRIME MINISTER ON APRIL 15: WHITE HOUSE”   …could this visit to Washington talk about the currency reform and getting support for it? Certainly it may and probably will...President Biden is scheduled to meet with the Iraqi Prime Minister Sudani…and dedicate several days to Iraq and the situation in it, a clear signal of respect for the Prime Minister and Iraq’s political and international standing. Talks I am sure will be mostly about the Status of Forces Agreement.

Pimpy – Dinar Guru  Surprise!  I literally just a couple months ago was looking up the steps Iraq has to take in order to get back on the Swift system and it listed everything saying they were in the process.  That’s all it said.  Apparently they are beyond the process and they’ve been through the process since the end of 2022 beginning of 2023.  Great, that’s another big accomplishment for Iraq.  We need to make sure restrictions under the currency are lifted.  We need for them to get into the World Trade Organization and we need to see them on the Forex.  Those things have got to be coming soon.  This is exciting new for Iraq….

Sandy Ingram – Dinar Guru  There has been no new news from reputable sources on deleting the zeros from the Iraqi dinar currency in recent weeks or months by either the CBI or parliament…The end result of removing the zeros is to make money more manageable.  It will not change the currency’s value in relation to the U.S. dollar.

Militia Man – Dinar Guru   Article:  “Fouad Hussein: America avoids talking about sanctions against Iraqi banks”   The banks that were sanctioned were likely ones that may have had connections to the crime of the century.  Those arrest warrants for many in the previous government are fresh in the news. Regardless the US Treasury has more important things to talk about. They are talking reforming the banks and financial issues above and beyond energy!! Things are coming along very well. They are setting the stage in the USA and the UK, while informing us all along the way.. I so very like today’s news.. It is amazing.

Sandy Ingram – Dinar Guru  A pivotal moment looms on the horizon with Iraqi Prime Minister Mohammed Shia al-Sudani slated to visit Washington DC on April 15, 2024.  President Biden is set to host this crucial meeting…It’s not all about military…the meeting is also expected to tour upon Iraqi financial reforms…This is the reason this meeting is important for Iraqi dinar investors.  The US…undoubtedly has a vested interest in the successful implementation of these reforms. 

Pimpy – Dinar Guru  Community Comment:  “George Bush once stated the war will eventually pay for itself.”    Nope that was Paul Wolfowitz.   He worked for the Bush Administration but it was not George Bush who said that.

Militia Man – Dinar Guru  Article:  “Investing Iraq’s natural wealth is a step towards economic integration“. The next step to integration is here. The estimate of $16-17 trillion in stock capital by itself is massive. The legislation has been put in place for Iraq to use their executive authority to partner with the private sector…That will expand their wealth even further. They will be doing exactly what they said they would do and bring purchase power to their citizens and by extension to investors in and of the Iraqi Dinar. The dinar will be stronger than the dollar and Al-Sudani knows it, Al-Alaq, Taif Sami, Fuad Hussein and the whole MCOE knows it, I sure do too! …No more reliance on just oil is here to stay…

Clare – Dinar Guru  Article:  “Natural resources in Iraq…a huge treasure neglected by an “official decision”!”  Quote:  unfair government decisions have deprived Iraq of huge billion-dollar revenues…It has natural resources … such as oil, natural gas, phosphate, sulfur, and other minerals…Estimations indicate the value of Iraqi natural resources reaches up to 16 trillion dollars…this puts Iraq in a distinguished position among the countries of the world rich in natural resources…For example…Iraq’s possession of 9% of the global phosphate reserve, and phosphate exports can generate tens of billions of revenues annually for the Iraqi treasury.

Mountain Goat – Dinar Guru   Article:  “IRAQ IS NINTH IN THE WORLD IN NATURAL RESOURCE RESERVES..”  Quote:  “Iraq was ranked among the top ten countries possessing the most valuable natural resource reserves, in terms of total estimated value for the past 3 years.”  OK, so if this is part of the Basel IV currency valuation algorithm then where is it reflected in the rate of the dinar? Why is it still 1/6 of a penny? Folks is just doesn’t make any sense. The IMF and the US Treasury are artificially suppressing the rate of the dinar. Remember VALUE and RATE are two different items and the value should be reflected honestly in the rate… 

Pimpy – Dinar Guru  Iraq has now joined the World Free and Special Economic Zones Federation.  The other day we read an article about the Europenan Union’s reconstruction bank that Iraq has joined.  This is something totally different.  Another step for Iraq in the right direction.

Militia Man – Dinar Guru  Having this LOP information of 1310 is ridiculous, it’s reckless…They said they’re going to have a lofty exchange rate to expose.  If that’s the case, lets see what they have and how they play it out…I think it’s going to be phenomenal.  

Clare – Dinar Guru  Article: “From Tuesday until Saturday.. Iraq announces the Eid al-Fitr holiday”  Quote:  “The Iraqi government announced the Eid al-Fitr holiday, which extends from the ninth of next April until the 13th... official working hours will resume in all government institutions, On Sunday, April 14, 2024.”

Paulette – Dinar Guru   Comment:  “Biden has nothing to do with this but the feet dragging in Iraq has become the constant…”    The “Biden Regime” has everything to do with this…Just look at the currency sales numbers and you should see why the “Biden Regime” does not want change.  You still have the Coalition Provisional Authority functioning in Iraq led by the US...We know from articles last fall that US Receivership is still in place and UN1483 status is unknown…Saleh recently even stated in an interview that even he did not know the status of 1483…not to mention the OFAC sanctions…Yes…the “Biden Regime” has everything to do with this…