Dinar Observer Daily

Samson – Dinar Guru Article: “Prime Minister: Population census will establish a new Iraq based on accurate analysis“

Militia Man – Dinar Guru  Iraq is closed down right now for the census…It’s going to take about 48 hours…The new technical system they have is going to work quickly.

Nader – Dinar Guru  They been talking about the exchange rate every day almost to get it better and better.  I think it’s going to happen soon…I think it’s coming.  I’m just going like this with my hands [rubbing them back in forth in anticipation.]

Sandy Ingram – Dinar Guru  Here’s what’s been happening behind the scenes surrounding the IQD bank notes that are outside of Iraq.  Someone, somewhere implied we are holding Iraqi bank notes illegally.  There are a number of reasons why this rumor has taken root but not to worry…no federal US agency has supported this claim.  [We] believe this rumor was started by people who want to shut down IQD videos and with good reason.   Some of the claims being made on Iraqi dinar channels are completely untrue and have no documentation.  The second reason for the rumor is the closer Iraq gets to satisfying its economic goals the more illegal actors want to collect IQD banknotes for potential profits.  [Post 1 of 2…stay tuned]

Sandy Ingram – Dinar Guru  Thirdly, we know Iraq has overprinted the currency and it would be convenient for the country to ignore bank notes outside of the country…We found the documentation that proves most of us are legal holders of our Iraqi dinar.  The information was found in the US State Department Archives.  Here’s what it says, ‘The currency of Iraq is the dinar (IQD), sometimes referred to as the new Iraqi dinar.  Iraq’s current exchange system is characterized as a free foreign exchange system with no restrictions on purchases or sales of foreign currencies.  The Iraqi currency is fully convertible and can be exchanged freely with any other currency...’    [Post 2 of 2]

Samson – Dinar Guru  Article:  “Deputy of the Framework: Population census is essential for fair distribution of financial allocations“

Militia Man – Dinar Guru  One of our members speaks fluent Arabic…You have to ask questions. ‘Hey, I’ve heard this, is there any validity to it?‘ What are they talking about in the streets? What is the educational process?  …Purchase power… , about registering for the national card… Why?  Because that’s going to be part of the wealth that is going to be replaced.   They’re going to give back wealth to the citizens.  They’re going to use those cards.  If you don’t have a card you’re not going to be a part of it…It’s true.  It’s on [Iraqi] TV.

Mountain Goat – Dinar Guru   Article:  “DELETE ZEROS AND EVALUATE THE DINAR“  this…new article…by Ali Daadoush, the Iraqi economists… is concentrating on the revaluation part giving examples of countries that recently revalued and how it worked. The part that sparked my interest the most was…quote:  “After the revaluation, it was linked to a basket of global currencies.”  He was referring to the Chinese government Yuan and its revaluation of its currency in 2005, which was then linked to the US dollar prior to the revaluation. However, after the revaluation, it was linked to a basket of global currencies…I believe he is telling the citizens of Iraq that this also is what will occur to the IQD when it too revalues soon.

Nader – Dinar Guru  No body have to do with the exchange rate besides the government of Iraq or the Central Bank of Iraq.  The Treasury have nothing to do with it.  United States have nothing to do with it.  Nobody has to do with it…HCL and all that not have nothing to do with it.  

Samson – Dinar Guru  Article:  ”Association of Banks: 28 billion dinars are withdrawn daily from the informal market“

Militia Man – Dinar Guru  If in fact we have a revaluation of the Iraqi dinar a lot of things are going to change and a lot of people need to have at least a plausible deniability…The central bank…they openly exposed the education system, they talked about the zeros forever, they’re talking about the Islamic banking law, they’re talking about the Securities Law and they’re talking about that with some of the largest money institutions in the world.  Britain is on big one.  Same with the United States…It’s exciting.  I think it’s powerful that we’re watching this unfold…

Clare – Dinar Guru  Article:  “Iraq census curfew begins”  Quote:  “The Supreme Security Committee for the Population , Census also confirmed that the curfew will take effect at midnight on the 19th and 20th of November at 2:400, i.e. 12 midnight, and will continue until 2:400 on the 21st and 22nd of November, including the governorates of the Kurdistan Region.“

Mountain Goat – Dinar Guru   …the IMF fully intends to repeg the IQD to a basket of currencies once they revalue it and turn it back on FOREX (…this is called a reinstatement…).   It will initially be a FREE FLOAT driven by market fluctuations however it will be monitored and my CBI contact has told me they will cap it at a level to control the initial massive swings, if needed. Then over a period, the rate is expected to settle down to its nominal rate. I am told this could be about $3.85ish. The then CBI director in 2011 Dr. Shabibi told his audience in a news media conference on the Iraqi economy that the dinar could sustain a fluctuation as high as $16 USD…I am told that the IMF will use the cap at about $9 – $11 to prevent wild swings out of control that could potentially hurt the basket.

Clare – Dinar Guru  Article:  “Iraqi Prime Minister: Tomorrow we will take an important step that has been delayed for years”  Quote:  “Iraqi
Prime Minister Mohammed Shia al-Sudani confirmed that tomorrow, Wednesday, will be an important civilized and developmental step, as the long-awaited general population and housing census will begin after years of delay.“

Militia Man – Dinar Guru  Article:  “The deletion of the zeros and evaluate the dinar”  They’re talking about the concept of currency revaluation which means, quote:  “…a calculated upward adjustment of a country’s official exchange rate…”  This particular article supports the fact that they’re openly educating their citizens as we speak…I think you guys really should know how close this is because why would they be talking about this now when it wouldn’t be necessary?  It would be absolutely 100% talking about it now because they want  to make sure everybody knows what’s happening, without saying what’s happening.  That’s how it works.  It’s fascinating to watch…

Nader – Dinar Guru  Community Comment:  “All countries, we’re waiting for Trump to be back.”  Trump is going to changed a lot of things.  I like Trump, don’t take me wrong.  I’m not going to say anything negative about him because I like him a lot but Trump is all about American.  And he’s right, it’s all about America so he should take care of America, nobody else…I think any president of America should take care of America.  Once they care of the their citizens then they can help somebody else.

Pimpy – Dinar Guru  Look what’s back in the news, deletion of the zeros.  Article:  “Delete zeros and evaluate the dinar”  The deletion of the zeros is a redenomination that’s a whole separate situation than a revaluation.  They’re two separate things…A redenomination is when they change the way the currency looks.  It’s going to have less zeros.  That’s the deletion of the zeros, a redenomination.  A revaluation is separate.  Quote:  “In a fixed exchange rate system, the system followed by Iraq, only a decision from the state, the central bank, can change the official value of the currency…“

Clare – Dinar Guru  Article:  “Delete zeros and evaluate the dinar” Quote:  “In a newspaper column a while ago, we explained the concept of deleting zeros, and today we are talking about the concept of currency revaluation, which means a calculated upward adjustment of a country’s official exchange rate…revaluation is the opposite of devaluation. In a fixed exchange rate system (the system followed by Iraq), only a decision from the state (the central bank) can change the official value of the currency…In a flexible exchange rate system, revaluation occurs on a regular basis, as evidenced by the noticeable fluctuations in the foreign exchange market…The United States maintained a fixed exchange rate until 1973, when President Richard Nixon decided to abandon the gold standard and switch to a flexible exchange rate system...”   [Post 1 of 2….stay tuned]

Clare – Dinar Guru  “China…revalued its currency in 2005, which was linked to the US dollar. After the revaluation, it was linked to a basket of global currencies…The book values ​​of assets held abroad may have to be adjusted to reflect the effect of the change in the exchange rate.  For example, suppose a foreign government has set 10 units of its currency to equal one US dollar.  To revalue its currency, the government might change the rate to 5 units per dollar…If the value of the asset held in a foreign currency was previously valued at $100,000 based on the old exchange rate, the revaluation requires a change of $200,000. This change reflects the new value of the foreign asset in the local currency by adjusting the revaluation of the relevant currency.” [Post 2 of 2]

Militia Man – Dinar Guru  Iraq is going through a time where they’re going to have the census.  That census is going to be on the 20th and 21st.  Some data suggests that in the Kurdistan region they started on the 15th…Preliminary results will be right there on and around 24 hours…

Mountain Goat – Dinar Guru  ...the CBI is once again educating the citizens and merchants on how the new process will replace the currency auctions. In the article titled “PRIVATE BANKS ASSOCIATION: IRAQ TO ADOPT ADVANCED TRADE FINANCE SYSTEM BY END OF 2024” once again they explain how the new process will work. Quote:  “it is expected that by the end of the year there will be a transition to another more advanced and accurate system to enhance control over foreign transfers related to trade.”

Clare – Dinar Guru Article: “S&P raises JPMorgan’s rating by one notch” Quote: “S&P confirmed that JPMorgan’s rating is now among its highest for banks worldwide, pointing to the strength of its market share in the sector and its ability to manage costs effectively amid the bank’s increasing business volume.”

Militia Man – Dinar Guru They’re talking about cross boarder transfers.  That’s money.  That’s currency.  That’s going to be doing commercial trade.  That’s going to be Article VIII compliance my friends.  That’s how it’s going to be…Whether it’s today or tomorrow that’s a good question…Iraq is going international right before our eyes…

Clare – Dinar Guru   Article:   “Planning announces full readiness for the census.. and this is what will appear in the initial results”  Quote: “The census will be conducted on the 20th and 21st, and we will have the preliminary results within 24 hours.”

Militia Man – Dinar Guru: They need to finish out the 2024 budget – they have money they want spent over the next month. There is so much they are pushing for to make happen. So much good is going on right now Militia Man: I totally agree. Look at the Port of Faw and the non oil revenue streams in Iraq. And currency transactions with Turkey…they would have to be Article 8 compliant.  And look at the Development road project. But Iraq still needs to show its people its REER (Real Effective Exchange Rate)  MarkZ:  So many things are finally coming together.

Mountain Goat – Dinar Guru   “PRIME MINISTER: WE ADHERED TO THE GOAL OF COMPLETING THE GREATER FAW AS THE GATEWAY TO GREATER IRAQ”.   He explained that “this project has actually entered into the knots and paths of global trade and transport routes, which pass through the Middle East region, which has great strategic importance for global trade.” …I usually try to pick out the most important article of all for the news period. This article tops them all today and all I can say is WOW! WOW! WOW!.. Iraq must now put on it’s BIG BOY pants and be the economic super giant it is destined to be. They are doing it right in front of our noses.

Sandy Ingram – Dinar Guru  Zimbabwe’s new currency is set to trade on the Forex market.  [Why do] We discuss why we watch the ZIG currency so closely…when most of are IQD investors [?]...We watch the Zimbabwe’s currency because, like Iraq…Zimbabwe had a currency where it took $1.47 to make one Zimbabwe dollar.  (Iraq’s currency was over 3 IQD to $1.00 before 2023).   Like Iraq the country ran into hardship and was devalued and spiraled downward.   We watch Zimbabwe and other developing countries currency for ideas on how Iraq may handle its currency revalue, float, reinstatement or central bank digital currency…Zimbabwe has lots of gold and Iraq has lots of oil…Zimbabwe plans for its gold-backed currency to trade on the Forex market.  However they did not tell us when this event will happen…

Clare – Dinar Guru  Article:  “A turning point in financial policies..What comes after the cancellation of the dollar movement monitoring platform?”   Quote:   “…the entry of the Central Bank Iraqi, The US Federal Reserve as a supervisory body, and assigning transfer operations to Iraqi banks that have relationships with major international banks such as Citibank and JP Morgan, will contribute to accelerating transfer operations and limiting data manipulation. Eliminating the parallel market…”

Militia Man – Dinar Guru Article quote:  Alaq says… “When we reach the point where everyone is headed towards using the official and fundamental channels in the transfer process then we find no room for there to be two prices for the dollar.”  That’s when he’ll make his move.  If he’s not ready now, when will he be?  I don’t know.  That’s his call.  It’s on him to know the marketplace.  When is the safest time to do it?  He’s saying over the passage of time it gets shorter and shorter because the people are using the system properly.  Once he changes the exchange rate I think that market, the two prices, go away like that,  *snap*.

Pimpy – Dinar Guru  I’m sure you’ve already heard about the phone call between Sudani and Trump, so there’s some good things coming down the road for Iraq… Article:  “Sudanese and Trump agree to coordinate to stop the region’s wars and meet in the near future.”  When the two of them spoke this was around the time about 70 different world leaders were calling to
congratulate Trump on his victory but they were saying that when it came to Sudani they had a much longer and different talk altogether.  So why exactly does Trump want to meet with Sudani as soon as possible?  Trump is going to be making a proposal to Sudani I think that he won’t be able to pass up on and that is he wants Sudani to help Trump negotiate some kind of peace deal with Iran or if he can’t do that at least facilitate keeping them under control while he is in office so he can bring peace to the Middle East.  He feels Sudani is his ticket into Iran.