Dinar Observer Daily

Sandy Ingram – Dinar Guru  It was only a year ago that we were reporting on how bad the Zimbabwe currency and economy was doing.  Now we are reporting on how well the economy is growing and how the currency value has increased against the US dollar.  They’re up to 1 ZIG = $0.0372.  This is amazing…ZIG currency is showing more stability, inflation has come down and experts are seeing signs of continued progress.  This is why Iraq investors may want to pay attention…Zimbabwe has shown us it doesn’t take a decade to achieve success…A country’s currency story can change when the government makes serious reforms and the economy begins to stabilize…It shows us even a country with a very very troubled currency can begin to recover.  If Zimbabwe can turn a corner, Iraq can too.

Kaperoni – Dinar Guru   Article:  “A global team begins the process of liberating the Iraqi banking sector from “isolation,” starting from Kurdistan.“

Militia Man – Dinar Guru  I’d like to see they have…the cabinet set before they go to Washington.  I’d like to see the HCL before they come to Washington.  And then I’d like for them to come home and make a big show with the GCC and potentially have a relationship with the Real Effective Exchange Rate for global trade…The data shows powerful things are happening.

Reset Intelligence – Dinar Guru   A currency earns trust by demonstration and demonstrations need witnesses, public trials, a published theft number, seize tally numbers updated daily, a bank that hunts the smugglers instead of processing them.  Every piece of this week was arranged to be seen by Iraqis, by Washington and by the markets that will eventually be asked to price the results.  The audience is the point.

Stephen – Dinar Guru  I hope you are excited.  This is so blatantly in front of our face obvious.  We have all of this amazing news coming out of Iraq right now.  We have the Prime Minister going to Washington in the next few weeks. He is finalizing his entire cabinet being seated.  They’re going after all the criminals and all the politicians who have been stealing from the country of Iraq over the last 23 years.  They’re recovering trillions of dinar.  I don’t know what to tell you if you’re not positive right now or if you still don’t believe in this investment.

Mountain Goat – Dinar Guru    Another issue that came forth… was about the intentional devaluation of the Iraq dinar as they talked about increasing the value of the dollar in Iraq, which we all should know by now would undermind the dinar and thus cause a devaluation of it.  So, did the CBI really devalue the dinar by announcing a new official rate of around 1650 from 1320 as many economists told us would happen?  Or was is it all just speculation and rumors?  Article:  “THE GOVERNMENT SETTLES THE DEBATE OVER THE DOLLAR EXCHANGE RATE.”  Quote:  “there is no intention to raise the exchange rate of the dollar against the Iraqi dinar,”  …In an article…we learn from the CBI that it DID NOT devalue the dinar and thus did not change the official rate. 

Sandy Ingram – Dinar Guru  You are not going to believe what the news is saying…Two trillion dollars gone.  What you are about to hear is almost impossible to believe.  An Iraqi government legal advisor has publicly claimed more than 2 trillion US dollars has been stolen from Iraq since 2003…Investigators are carrying out daily raids and arrests…Suspects have confessed, leading authorities to more people.   The investigation reportedly includes current and former senior government officials and members of parliament…Some suspects own dozens of properties and accumulated wealth that investigators say cannot be explained.  Public corruption trials are expected to follow.  If these allegations prove true, this could become one of the largest corruption scandals in modern history…

Reset Intelligence – Dinar Guru   Parliament votes on the final 9 ministers Sunday July 5, interior and defense included, with Kurdish support consolidated by a fresh PUK alliance. The White House has confirmed it will host the prime minister in mid-July.

Jeff – Dinar Guru   Forex is going to have a three day delay.  Forget about Forex.  It means nothing.  Stop taking your Nissan down to the Ford dealership to get fixed please.

Mountain Goat – Dinar Guru  It is going to happen and it is in the plan for Iraq and part of the bigger RESET picture.  These larger notes we hold are going to stay legal tender and used for inter-banking transactions of large amounts, when cash is needed. The CBI told us this many times.

Reset Intelligence – Dinar Guru  Back in 1991 Kuwait’s economy was wrecked, oil fields on fire, infrastructure ruined yet the Kuwaiti dinar moved from about 30 cents to roughly $3.47 during the conflict while the country was still smoldering…People insist currency rates do not move like that then go quiet when you mention Kuwait.  History records the mechanism plainly for anyone who looks.

Jeff – Dinar Guru  Community Comment:  “The country [of Iraq] doesn’t have OFAC sanctions.”  You’re incorrect…You can’t go to the traditional banks like Wells Fargo and none of them to exchange dinar.  And you know what that tells you?  That tells you Iraq is under OFAC sanctions against them.  Otherwise our traditional banks would be exchanging the dinar.  

Samson – Dinar Guru  Article:  “CENTRAL BANK OF IRAQ : DOMESTIC CURRENCY ISSUED ROSE TO 112.9 TRILLION DINARS BY THE END OF APRIL“

Clare – Dinar Guru  Article:  “The New York Times: The US administration has resumed transferring oil revenues to Iraq”  Quote: “The New York Times revealed that the White House administration has resumed sending Iraqi oil revenues to Baghdad, following Prime Minister Ali al-Zaidi’s campaign against those involved in financial corruption cases.“

Stephen – Dinar Guru  You got to be prepared.  Those who prepare are going to be in a much better position and you are going to be wealthy long term…Most people are going to be rich for a few years and then [broke]. They didn’t invest wisely, they didn’t protect their assets properly, they didn’t know how to steward that money…Most people probably have 500,000 dinar or more…Every dollar counts…Be wise.  Be proactive…have a plan in place because it’s going to take a lot of that stress, a lot of that anxiety off.  I promise you, when the dinar revaluation happens, you’re not going to be running around with your hair on fire saying, ‘Oh my gosh, what do I do now?’  That excitement of the revaluation is going to turn very quickly into stress and fear…

Reset Intelligence – Dinar Guru  You do not jail your own parliament, count the cash on a public ledger, and fly to the White House in the same fortnight by accident.  Every thread points at one week. Parliament returns… the last cabinet seats are filled by July 5, and a cleaned government flies to Washington right behind them. The meeting is what finally moves the oil revenue law buried for 19 years, and the budget that follows is the one that can let the dinar move toward what it has always been worth.

Jeff – Dinar Guru   Question:   “Why is it favorable for Iraq to set the rate above Kuwait?”  It’s not that it’s favorable…You’ve got to study history sometimes.  If historically Iraq’s always been above Kuwait by a small amount…Kuwait today is around $3.26 and it’s probably going to be a little bit above there.  That’s a fair and reasonable guess…The country of Iraq has more wealth…minerals…resources and a whole lot more oil than Kuwait does.  That’s why they’re worth more money than Kuwait…They always were historically.

Militia Man – Dinar Guru  Article: “ADVISOR MUNIR HADDAD : THE FUNDS LOOTED SINCE 2003 EXCEED TWO TRILLION DOLLARS, AND THE TRIALS OF THE CORRUPT WILL BE PUBLIC” …There is no doubt this is a wowzer!! This is flat out a huge escalation in the anti-corruption push — both in scale and visibility. Putting an official $2+ trillion figure on the stolen money, promising public trials, and vowing no red lines or timelines shows real seriousness from the top. This builds enormous momentum and credibility right ahead of the Washington visit on the 17th…Amazing!

Samson – Dinar Guru  Article:  “ADVISOR MUNIR HADDAD : THE FUNDS LOOTED SINCE 2003 EXCEED TWO TRILLION DOLLARS, AND THE TRIALS OF THE CORRUPT WILL BE PUBLIC“

Reset Intelligence – Dinar Guru  Iraqi-press channels report the Coordination Framework, the Iran-aligned bloc…privately asked Prime Minister al-Zaidi to halt the arrests and settle the cases for cash. The arrests continued, the judiciary refused the settlements...The parliament speaker lifted the immunity of the arrested lawmakers himself and declared there is no immunity for the corrupt…There is a precedent for where this leads… Saudi Arabia locked its princes in the Ritz-Carlton in 2017, took 107 billion dollars in settlements, and let the men walk.  Iraq just refused that exact deal.

Jeff – Dinar Guru   It cannot be more than a tight narrow managed float…It won’t float when the rate changes because their budgets are calculated off the currency value.  If it had a significant float and the currency has a significant value change, that means the budget is completely miscalculated.  So every time the rate changes, they would have to redraft and amend the budget’s figures.  They’re not going to do that.  That’s why it’s a narrow managed float in a tight window.

Mountain Goat – Dinar Guru  …The basic plan to get to the reinstatement comes directly from a 2011 conference held during Dr Shabibi’s time as the director of the CBI with the US treasury, the World Bank and the IMF. We already have witnessed many pieces to the plan executed, so hang in a bit longer you won’t regret it. Yes, the plan has changed a bit, but Iraq must adapt as this is taking so long and technology changes over time.  

Jeff – Dinar Guru  Community Comment: “My kids are seriously ashamed of me 🙂”  All of our kids are ashamed of us.  It’s just the way it works.  Even some of our spouses laugh at us and think we’re crazy and insane.  We have friends, family, kids, even co-workers that think we’re nuts.  We’re all kinds of crazy in so many ways from this but you know what?  When it’s done, we’re the ones that get a laugh at them. 

Reset Intelligence – Dinar Guru  You have been told for years the dinar is a scam. A dead currency in a broken country.  Iraq’s corrupt political class hoarded it anyway, because they knew it would be worth far more in time…This week Al-Zaidi locked the corrupt out of the trade. Permanently.  You held the line on faith. You were never the fool for believing in this.  Keep the faith.

Clare – Dinar Guru  Article: “A global team begins the process of liberating the Iraqi banking sector from ‘isolation,’ starting from Kurdistan” Quote: “the team also includes a number of prominent figures, such as Grigory Gatianis, former Deputy Director of the Office of Foreign Assets Control (OFAC)…The presence of this strong team of experts from the US Treasury Department and international institutions will open new horizons for the Iraqi banking sector and free it from the financial isolation it has suffered for years.”

Pimpy – Dinar Guru  What is ASYCUDA?  It is a comprehensive computerized customs management system developed by the United Nations Conference on Trade and Development…This is good for Iraq because…this helps streamline everything and make it easier to do business.  It also reduces the amount of corruption involved…People are excited.  And that is exciting news…Of course [the dinar exchange rate] is going to go up because you’re stream-lining your customs services…trades…making business easier …reducing the amount of corruption that’s out there.  When they say ‘rise the value of the Iraqi dinar‘, it’s not going to rise overnight up to this unbelievable exchange rate…It could be a couple hundred [dinar].  We don’t know…This kind of stuff is exciting to hear…They are creating a stronger Iraqi dinar... 

Jeff – Dinar Guru   If Iraq was sanction free US banks would be exchanging/trading their currency.  They don’t because [Iraq] is under US sanctions.  So, no they’re not sanction free.  You can easily gauge it by whether US banks exchange Iraq’s money or not.  The major banks will not exchange Iraq’s currency while they’re under US Treasury OFAC sanctions…

Reset Intelligence – Dinar Guru   The arrests that locked down Baghdad’s Green Zone are the opening move…The recovery keeps climbing. Investigators have pulled more than 107 million dollars from the oil-ministry case alone, including $14 million found inside the walls of one deputy minister’s home, plus properties, vehicles and gold. A separate case at the national airline added another 19 billion dinars. The list of names under investigation grows with every interrogation.

Militia Man – Dinar Guru   We’re seeing one of the most visible and high-profile wave of anti-corruption actions in recent years…On June 28th security forces carried out coordinated raids that resulted in the arrest of dozens of officials and sitting MPs with reports confirming at least 47 individuals detained in the initial sweep…  Everybody’s onboard with this.  That’s really powerful.  I don’t think we’ve ever seen anything like it…All of this is landing right as the cabinet is nearing completion and just weeks before high-stakes Washington visit…They want to show up in Washington with all the credibility they can manage.

Stephen – Dinar Guru   They’re saying this is a new day for Iraq.   The way things have been going for almost 30 years, it’s no longer going to continue that way…I want to be very careful…Even though things are as positive and exciting as I have ever seen them before, we have to remain grounded and let things play out.  I don’t know if the Iraqi dinar is going to revalue before [PM Zaidi’s] visit to [D.C.]…Could it happen?  Of course it could happen.  But we just have to remain grounded and let things play out and see what happens…Things are looking extremely good right now...