Dinar Observer Daily

Pimpy – Dinar Guru  If we went from where it is now at .00077 all the way up to $3.22, you’re looking at a 4,180% increase in value.  The largest amount a currency ever revalued occurred January 1, 1948 when the Chinese government decided to revalue its currency the yuan as part of the efforts to stabilize the economy and recover from the devastation of World War II…The government set the new exchange rate at $1 US for every 1.4 yuan which was a 46.9% appreciation – The largest increase in value we have ever seen in the world is 46.9% in value…So Iraq is going to smash the old record of 46.9% increase in value by 4133%?  Not going to happen.  

Breitling – Dinar Guru   Question:  “The difference between Kuwaiti revaluation and the Iraqi dinar – what’s the difference?”  It’s a completely different model…Kuwaiti got invaded. Saddam Hussain stole the printing press, the Kuwaiti version of the Treasury.  Stole everything…Iraqi dinar was completely different.  It was planned.  They knew the old Iraqi currency was going to collapse.  We injected their economy with dollars and euros.  That’s when they took the old dinars off the streets and introduced the new dinar you and I have.  It’s a completely different model.  There’s no way to compare.

Pimpy – Dinar Guru  Does Iraq have the potential to have a more valuable currency than Kuwait?  Yeah absolutely…They have way more resources.  As a matter of fact…Iraq is in the top 5 worldwide for the most resources.  So, yeah, they have the  potential to be there.  There just not there yet…They have a lot more things to export than Kuwait does but they have to get past  these hurdles.  I think they will. 

Militia Man – Dinar Guru  They’re not stopping.  We don’t have a date and rate but we can see the progress is before us…They’re gearing to move Iraq to the private sector and to open up to the world…There’s going to be money to be made and  there’s going to be a lot of it…    

Samson – Dinar Guru  Article:  “Iraq is the fourth in the Arab world and the 30th in the world in the reserves of Yellow Resonant” [Gold]

Paulette – Dinar Guru   Question:  “I thought they met all the requirements [to join the WTO]?”  All the articles say they have legislation that needs to be passed and the next meeting is in the “middle of the year.

Sandy Ingram – Dinar Guru   Vietnam Dong (VND):  The reason for such a low rate is the transition from a centralized economy to a market-based one…We learned [Vietnam had] over 3 million international arrivals in the first 2 months of 2024, an increase of 68.7% year-on-year according to data released by The General Statistics Office.

Pimpy – Dinar Guru    We’re staying grounded…about the possibility of getting a huge payday.  Remember it’s only a possibility, just like there’s a possibility they could re-denominate before they change the exchange rate…Re-denomination has nothing to do with the exchange rate.  We want the exchange rate to change, not the Iraqi currency to delete the zeros.  We don’t want that to happen…Stop rooting for the deletion of the zeros.  You don’t want that to happen.

Militia Man – Dinar Guru  Hypothetically the United States has lets say 5 to 10 trillion dinar.  We have a nation debt of $30+ trillion.  If the US is sitting on 5 to 10 trillion dinar, if they [Iraq] come back to a previous era which they say they are going to do…they talk about about $3.22…If they apply the Real Effective Exchange Rate to the Iraqi dinar based off their natural resources, not based off a punishment rate from the war era, not just based off of oil.  Iraq’s $3.22 was based off primarily oil.  Now it’s a different situation... [This would dramatically help the US with their debt]  Iraq has a lot of gold…oil…religious tourism…

Mountain Goat – Dinar Guru   Article:  “INCLUDING IRAQ… 5 ARAB COUNTRIES POSSESS MORE THAN A THOUSAND TONS OF GOLD
RESERVES”  Quote:  “Iraq maintained its ranking of 30th globally out of the 100 countries listed in the table with the largest gold reserves…”  Yet the IQD is still 1/6 of a penny?

Militia Man – Dinar Guru  Article:  “We will soon announce Iraq accession to the World Trade Organization”  They haven’t quite said it yet but they’re saying it.  Isn’t that telling?

Sandy Ingram – Dinar Guru   On Monday of this week the president of Iraq Adbul Latif Jamal Rashid, met with the special representative of the Secretary General of the United Nations in Iraq, Jeanine Hennis-Plasschaert.  In that meeting the President of Iraq…stated Iraq is keen to work with international organizations to confront challenges in the field of environment, climate, health, and education in a way that ensures a decent living for Iraqis.  It is our hope as investors that a ‘decent living’ means an increase in the value of the currency.

Clare – Dinar Guru  Article:  “Iraq completes requirements to join WTO”  ALL REQUIREMENTS HAVE BEEN MET FOR THE WTO
ACCESSION… IT CAN HAPPEN ANY TIME, DON’T LET THEM FOOL YOU.

Pimpy – Dinar Guru   If you want to see an increase in the value of the Iraq dinar then there are things that need to happen in Iraq in order for the dinar to increase in value.  One of them is they have to have a stable and robust economy.  Then there are things Iraq need to do that continues to support, stabilize and strengthen the Iraqi dinar.  One of those big steps is joining the World Trade Organization…

Paulette – Dinar Guru  Question:  “When is Iraq supposed to be in the WTO?”  Not before they pass needed legislation, eliminate the MCP [Multiple Currency Practices] and are recognized as having accepted IMF Article 8 obligations.  Accession Committee next meeting with Iraq is planned for the “middle of the year”.

Militia Man – Dinar Guru  Ministerial Council of Economics… Ministry of Planning, Industry, Trade, Central Bank of Iraq, Prime Minister, Deputy Prime Minister, advisers, all of those folks that are involved…have been knocking it out of the park themselves and showing why they are bringing Iraq to be the financial savior…The world expectations are Iraq is going to be a key component into the global financial system…When they say it’s imminent that’s a broadcast to the world…

Mountain Goat – Dinar Guru   …I have to come on an clarify the false rumors…about the IQD backside trading that is taking place. Read my lips- THERE IS NO BACKSIDE, BACKDOOR OR ??? trading being conducted on the IQD.   If you want to buy it you can go to the Iraqi Stock Exchange (ISX) and the rate is the official rate minus the trading of demand curve for the day…  So … Thursday the ISX dinar sales closed at 1309 (not $3.09) dinars per one US dollar compared to the CBI official rate of 1320.  END of all the rumors…Done! …There is no back office, government or other side trading before it goes LIVE to the public.

Pimpy – Dinar Guru  Within the past year we have seen more and more exciting news. It isn’t just talk and hype…This time we actually see articles that are showing the progress that Iraq is making in order to start working and trading with the international markets.  They’re doing all they can to strengthen their currency while at the same time show stability… Things are going good.  They’re actually going a lot quicker than I anticipated.

Militia Man – Dinar Guru  Article quote:  “Accession [Into WTO] is imminent“…What are they waiting for? …Iraq’s going to have to make a decision on their real effective exchange rate.  That’s my view…You can’t have Iraq having imminent accession to the international markets through the World Trade Organization without having a Real Effective Exchange Rate.  Most of us believe 1310 is not a real effective exchange rate.

Pimpy – Dinar Guru  There’s a lot of hoopla going on about Iraq joining the World Trade Organization and rightfully so.  This is one of the big steps that Iraq needs to take in order to rejoin the international community…  Article  “Official: The issue of Iraq’s accession to the World Trade Organization is coming soon“

Mountain Goat – Dinar Guru   Article:  “OFFICIAL: THE ISSUE OF IRAQ’S ACCESSION TO THE WORLD TRADE ORGANIZATION IS COMING SOON”  Quotes:  “the issue of Iraq’s accession to the World Trade Organization was imminent,”; “Iraq is seeking to enter the World Trade Organization, and the issue is coming soon.”

Pimpy – Dinar Guru   We all know this, the Iraqi dinar is not a scam itself.  The Iraqi dinar is legitimate but there are people out there that use Iraqi dinar to pull off scams.

Clare – Dinar Guru  Article 1: “Al-Muslimawy: There is a policy to reduce the dollar exchange rate and control it in Iraqi markets”  Article 2: “A government advisor to Al-Ghad Press: Dollar prices in the markets will gradually decline“

Sandy Ingram – Dinar Guru   In 2023 Vietnam recorded approximately $28.5 billion US in tourism revenue…Iraq has the ability to generate this same amount or more each year due to the historic landmarks and religious hot-spots in the country.  All Iraq has to do is implement safety for tourists.  Egypt generated $10.7 billion in tourism in 2022 and $13.1 billion in 2023…Iraq is the birthplace of the top three religions in the world today – Judaism, Christianity and the Muslim faith.  There are important landmarks within Iraq for all three of these religions, including the ancient city of Babylon.

Pimpy – Dinar Guru  Question:  “Why would [Iraq] let anyone benefit from this?”  Why wouldn’t they?  It’s the Iraqi people that really need to benefit from this...It’s not their fault their leaders are all wack-a-doodles… There’s enough resources in Iraq where they should be living pretty dang good over there.  Increasing the exchange rate and giving them more purchasing power would definitely change their quality of life…Once Iraq can get their crap together and it looks like they’re there – No more sanctions, get into the World Trade Organization, get back on the Swift system…Forex, finish the Port of Faw, finish with the Development Road Project, all those things are going to bring a lot of money into Iraq and their currency is only going to get stronger. 

Clare – Dinar Guru  Article: “Dinar and dollar”   Quote:  ”Iraqi dinar will return to its lofty economic value”

Pimpy – Dinar Guru  I’m sure you’ve heard the great news by now, the IQD is on the “private side” of the Forex…This sounds like some great news don’t you think? …I’m grateful to do all the research for you so you don’t have to…There is no “private side” of Forex.  None.  The Forex is open to all participants who have access to the necessary trading platforms and infrastructure…There is no “private side” of the Forex…

Militia Man – Dinar Guru  They’re going to have a very strong country...Iraq’s foreign reserves are huge, historic in history, all-time high and they increased their gold supply another 10 tons.  You can see the direction they’re going and why they’re getting praises…

Pimpy – Dinar Guru  Article:  “The Iraqi Central Bank confirms to Shafaq News the provision of five foreign currencies as an alternative to the dollar for merchants”  The crazy thing is this is a new article but all they’re doing is talking about the same countries we spoke about several times.  You have the Euro, Chinese yuan, Turkish lira, Emirate Durham and Indian rupee and the currencies they’re talking about…

Sandy Ingram – Dinar Guru  The Prime Minister of Iraq is pushing the Iraqi CBI governor hard on the electronic payment system.