Dinar Observer Daily

Clare – Dinar Guru  Article: “On a tour that included Karbala, Babylon, and Ur… Two American tourists: We felt  completely safe in Iraq”  Quote: “Hudson and Emily Crider, travel the world on a mission to explore each country and document its  cultural experiences…In a series of more than 20 videos, the Criders detail what it’s like to be an American tourist in Iraq,  offer travel tips and debunk misconceptions about the country…They said: As Christians, we found (Karbala) a wonderful city to see and the people were very welcoming. It is really special that they allow people of all religions to come here and learn more  about their beliefs.” 

Nader – Dinar Guru  The budget have to be approved by the parliament…Sudani cannot make a decision by himself...The budget doesn’t have to be approved by parliament…it’s not true.  They have pass by the parliament and parliament have to vote for it.  Any changes on that budget the parliament have to agree into it and have to vote for it and have to sign it and send it to Sudani and then the president of Iraq…It is active yes but not completely active.  Any changes have to be approved by the parliament of Iraq.

Militia Man – Dinar Guru  When you talk about drop the three zeros…Al-Sudani’s goal is to bring purchasing power to the his citizens.  When he said $0.76, that’s purchasing power.  It’s not a lop.  It’s purchasing power.  If you have a lop you don’t have purchasing power, you just have a change in denomination…They’re going to bring purchasing power to the citizens.  All of that is happening before our eyes.  

Pimpy – Dinar Guru  Question:  “If they delete the zeros will our dinars drop in value?”  If you’re in Iraq you don’t lose any value…People who are invested in the Iraq dinar…EXAMPLE:  Let’s pretend like the new exchange rate has changed and you can get $1 US for every 1 dinar…If you had the 25,000 dinar, the 1 to 1 would be perfect without them deleting the zeros.  That’s because you would get $25,000 for your 25,000 dinar.  But if they delete the zeros…your 25,000 dinar is now reduced down to a 25 dinar.  Even if they go 1 for 1 that means you’re 25 dinar is only worth $25.  So yes, your dinar would drop in value if they delete the zeros before the change in the exchange rate happens.

Mountain Goat – Dinar Guru    …What will May bring us investors? I have to tell you that April’s news was amazing and I don’t know how the news can top last month except maybe give us what we are looking for. Am I saying its going to RV in May? Of course not…no one knows the date of this event…Does it seem that we are very close? Yes, it seems this is just around the bend and the finish line is in our sights. …there is a huge glimmer of hope we could see the RV very soon.

Dinar Investor – Jeff   Article:   “Parliament expects the arrival of the 2024 budget schedules”  Quote “…There are efforts to guarantee the right of many segments in the items and schedules of the 2024 budget but they cannot be judged without waiting for the numbers they contain.” The rate has to change before parliament can approve the amendments to this budget.  This is why I showed you the final countdown a few days ago because I knew this was coming forward and here it is for you…

Breitling – Dinar Guru  The threat of a lop is still the same as when I got into this investment…The lop question is based on hyper-inflation …verses policy inflation.  The Iraqi dinar is stable.  It goes up, it goes down but it’s not major like what Zimbabwe and these countries where it was massive inflation.  No body could control it.  Iraq has complete control of the Iraqi dinar …The Iraqi dinar is a completely different ballgame.  It’s not hyper-inflated because of the markets.  Iraq doesn’t have a customer problem…production problem.  Iraq has a policy issue.  The people at the top know what they are doing.

PompeyPeter – Guest Guru  Sudani has said on several occasions talked about commencement of the reconstruction of Iraq in the month of April.  Salih the economic advisor talked about them spending 50% of GDP in April.  Well he said within two weeks which would take us to the end of April…In order for those things to happen it means the investment side of the budget has got to be opened.  They’re not going to be doing all these things at 1310.  We know the contracts cannot be written in dollars anymore.  They’re in IQD.  Again these things are not going to be done at 1310.

Militia Man – Dinar Guru  Quote on X [Formally Twitter] There’s some information out there today that says the Central Bank of Iraq’s governor has advised citizens to get ready for a currency exchange…Whether it’s true or not we’re going to find out…The reason why I bring it up is because that kind of to be expected, they’re having financial inclusion…they’re talking about that.

Samson – Dinar Guru  Article:  “URGENT: Sudanese Advisor: The 2024 budget has entered into force… and there is no need to send its schedules to Parliament”

Militia Man – Dinar Guru  Article:  “We will see the dollar decline in the black market soon…the central bank’s credit rating [from the World Bank] is an A++ and exceeded the United Arab Emirates…”  That’s the prime minister’s advisor talking…That’s phenomenal.  It’s big.  It says a lot.  It says they have trust.  It says Iraq has the ability to pay back their bills.

Dinar Investor – Jeff   Mid last week I posted  “The Final Countdown”   …Here’s the reason why right here…The approval of Iraq’s budget is waiting on the rate change.  That’s why it’s been outstanding/ pending for 6 weeks.  This week we’re entering into will be its seventh week.  In order for them to complete and approve, the budget is waiting for the rate to change …You’re seeing countless articles on this.  This is a critical piece to the timing of the rate change. 

Mountain Goat – Dinar Guru  The Minister of Commerce and Chairman of the National Committee concerned with Iraq’s accession to the World Trade Organization, Atheer Daoud Salman Al-Ghurairi…Article quote:  “…the completion of the files for the initial offer of goods and services within the files for joining the organization”.   No, they did not yet announce Iraq’s full
accession to the WTO but this is certainly getting close…I assume sometime soon, the National Committee will hold its third meeting with Iraq on the accession review…  With the US now backing Iraq this should move along quickly now.

Clare – Dinar Guru  Article: “Prime Minister’s Advisor: We will see the dollar fall on the black market soon“. Quote:  “The political advisor to the Prime Minister, Fadi Al-Shammari…pointed out that Iraq agreed with the US Treasury on a road map that includes a third party represented by an international consulting company to audit the procedures of the sanctioned banks, and its decisions are binding on the US Treasury.”

Sandy Ingram – Dinar Guru  Shocking documents from Iraq’s Federal Board of Supreme Audit have uncovered a massive corruption scheme.  Over 151,000 citizens were involved in the illicit buying of US currency…[They] obtained dollars at the official state rate for travel purposes but never left the country.  The black market refers to them as “ghost travelers”.  [We] are thinking the Iraqis sold the dollars for more money than they invested.  As a result of the corruption Iraq’s Central Bank employees, private banks, currency exchange companies and tourism firms were all involved.  This is a $600 million corruption scam involving the US dollar…

Breitling – Dinar Guru  When I did the evaluation [of the dinar] it was against countries and currencies that had lopped.  I had the same questions as you guys when I invested.  Where is this going?  How can this work?  I found out the value was in a policy based inflation, they want to add value to it, they injected US dollars into the economy, devalued the dinar.  The dinar you and I have has nothing to do with hyper-inflation, major market problems or anything like that…Yes, they can add value to currencies that have a lot of zeros behind it.  Iraqi dinar is stable.  They can and are going to add value to it.

Pimpy – Dinar Guru   People still continue to claim a re-denomination or the deletion of the zeros is somehow different than a LOP.  It’s not.  It’s the same thing…

Militia Man – Dinar Guru  Article quote: “…anticipating the impact of the central bank agreement with the US Treasury on exchange rates…it is hoped the Central Bank of Iraq will announce the measures that were agreed upon in Washington which could have positive impact on the exchange rate…”  The key focus is they’re talking about the exchange rate, positive impacts, the US Treasury on exchange rates.  That is fascinating.

Petra – Dinar Guru   Article: “The most difficult option… Warnings of the danger of floating the Iraqi dinar without achieving an important condition”   “hit” piece. Very poorly thought out and clearly indicates an ignorant author who does not understand economic processes and protocols, international finance, banking and transfer monies in an active productive society.  Clearly this writer attempted to use big words with unsubstantiated information and “no” back-up documentation other than…opinion. And, as stated, an ignorant one at that.

Militia Man – Dinar Guru  What did they say with JP Morgan just the other day? …He’s talking about emerging markets.  They’re focused on emerging markets and growth.  Iraq is an emerging market.  They’re not even international at the point of their exchange rate.  1310 is not viable around the world.  It’s not yet.  Whatever they’re doing, they’re focusing in on this is my view on it.

Mountain Goat – Dinar Guru  I don’t want to fill you minds with false hope or over speculate but…we can clearly now see something BIG is about to happen…our choo choo train is speeding down the track. The destination is the reinstatement but remember to reach it, the train must first make a couple stops along the way.  Many of these stops already occurred as we get closer and closer to our destination.   We can almost see the finish line…

Pimpy – Dinar Guru  What Iraq is preparing to do is delete the zeros off the currency.  That’s not what we wanted but that’s what going to happen...Everything has to do with what’s good for Iraq, not your investment.

Militia Man – Dinar Guru  Iraq has put themselves into a position that is now down to the wire for for us to get that budget to a place that they can do what they’re going to do…If they have an exchange rate that needs to facilitate all these deals…it looks like the United States and Turkey were the last two key indicators that show things are going to happen.  

Pimpy – Dinar Guru  People are still asking about the deletion of the zeros.  They want to know how that’s going to change the exchange rate…April 28, 2011 Article “Iraq plans to change currency:  Three zeros will be removed from IQD”  Quote:  “The Iraq government plans to chop three zeros off the national currency.  It should make transactions easier and enhance the exchange rate…the government announced they were close to completing plans for a re-denomination.” [Post 1 of 2]

Pimpy – Dinar Guru    I told you guys it’s called a re- denomination, a lop, the removal of the zeros, the deletion of the zeros, reducing the zeros, it’s all the same thing.  Quote:  “Three zeros would be removed from Iraq’s currency…and old bank notes will gradually be phased out.  For example this would make the IQD 1000 note into IQD 1 note…” This is taking it from 25,000 dinar to 25…25000 dinar times the current exchange rate .00076 = $19.  When we do the deletion of the zeros, the zeros are gone.  25 dinar x .76 = $19…This is deletion of the zeros.  This is lopping of the currency…  [Post 2 of 2]

Militia Man – Dinar Guru  A lot of people were not too happy of the more recent JP Morgan Bank stories…I had my own bank story…They’re true…I went into Chase Bank…They didn’t know who the Vice President Daniel Zelikow was…People that say when they go into the retail side of things you don’t get a reception like some of the other folks do that go into the private banking side…

Mountain Goat – Dinar Guru   The reinstatement is coming, it won’t be years anymore and I firmly believe from what we already know and what we are now witnessing, the writing is on the wall, but just not yet. Do you hold large sums of Iraqi dinar? Are they the larger three zero notes issued after 2003?  If so, you just might be a millionaire sooner than later.  In the month of April, Iraqi reforms has made monumental leaps and bounds even since 2023. Folks, it’s about to EXPLODE!  It is now openly evident…It would be foolish to turn back now. Full speed ahead, choo-choo.

Militia Man – Dinar Guru  They’re presenting the relationship with JP Morgan Bank and Iraq.  For all those that may still question whether or not JP Morgan is dealing with Iraq or not they should be alleviated from now…

Clare – Dinar Guru  Article: “The US Treasury praises the actions of the government and the Central Bank in the Washington meetings“

Breitling – Dinar Guru  You have these currencies that have a lot of zeros behind it.  Comparing with these other currencies that LOPed, Iraq is a completely different case.  They don’t have a market problem.  They don’t have a customer problem. Where is the inflation coming from?  It’s coming from policy.  How can they add value to their currency?  It’s all going to be based on 100% policy.  The authority comes from parliament, the Ministry of Planning, Ministry of Finance and the Central Bank of Iraq.  They don’t need any more customers.  To add value to the currency they don’t need to do anything else.