Dinar Observer Daily

Dinar Investor – Jeff  Article: “Al-Sudani reveals the intention to end the political role of the United Nations mission in Iraq”  Do you notice how they’re talking about removing the remaining US coalition forces and the United Nations together at the same time?  That’s because Iraq’s going international.  The UN has chapter VII sanctions on Iraq and the US has OFAC sanctions on Iraq…Both parties need to remove their sanctions off of Iraq... They’re discussing doing both steps simultaneously at the same time.  Not coincidence.  It’s because Iraq’s preparing to revalue and go international.

Militia Man – Dinar Guru  Article:  “Government advisor: Iraq is on the cusp of a transitional stage in the development of promising economies globally”   Is this the major announcement or a lead into one, that Salih told us about? If it isn’t an announcement it surely is a good lead into one…Awesome news indeed.. International ships arriving, partnering with the private sector, integration with the global economy, compliance with with international standards. Surely we can all see the writing on the wall.. Yep.. Powerful.. imo

Clare – Dinar Guru  Article:  “The Baghdad dollar faces a “major withdrawal” at the beginning of the week, but the exchange rate is stable“

Mountain Goat – Dinar Guru  I will tell everyone who has been in this speculative investment for a long time, this couldn’t be a worst time to sell your dinar. I compare it to a severe storm. You must have the guts to weather the storm… when the storm finally does really end, it’s over and done and then you move on to a better life knowing you weathered the storm and received the blessings that come afterwards. The rewards are great.

Dinar Investor – Jeff  Article: “Sudanese Advisor:  Iraq is on the cusp of a transitional stage in the development of promising economies globally”  Yeah, because they’re about to revalue and go international…It is right in front of our faces…It’s almost here.  They needed the first quarter to prepare for it after achieving stability from the December elections.  March is critical to us…

Pimpy – Dinar Guru  If you’re going to exchange your Iraqi dinar, let’s just say for the sake of this particular example…3 to 1, congratulations you now got millions of dollars.  So you go and you swap your currency and they’re saying, ‘Hey, you got $3 million in your account.’  Yah!  You can’t say to them I want $3 million dollars because the bank doesn’t carry money like that no more. They might say…we are going to allow you to carry out $5,000 for today cash but we’re going to have to set an appointment with you to come pick up the rest of the cash…If they have to order currency for you, they’re going to charge you a fee because they have to pay a fee…

Militia Man – Dinar Guru  One of the things that’s important is what we didn’t have in the past was banks talking to us at the length that they are now…

Sandy Ingram – Dinar Guru  There is an organized effort in Iraq to never revalue or increase the value of the currency abasing the US dollar or to provide profits for people in the west…Between the different factions within Iraq, revaluing their currency, even when they can afford it, may not be on their agenda…

Dinar Investor – Jeff  Article: “Observer: Ending the mission of the Untied Nations office in Iraq takes Iraq out of Chapter Seven“.   The UN exiting Iraq and no longer working with them automatically will lift and remove the UN Chapter VII sanctions.  But keep in mind the UN will not be exiting Iraq until after Iraq has already revalued the currency.  Iraq has to revalue before the UN will exit out.

Pimpy – Dinar Guru  You’re going to see IMO a slight increase in the exchange rate, probably within the first quarter of this year…I still feel in my heart there might be some kind of change to the exchange rate the first quarter of this year. It’s not going to be anything major but it is going to be an increase.

Militia Man – Dinar Guru  Article quote  “…Iraq will return to being a strong economic player.”  If they’re not a strong economic player at 1310 why would they be tomorrow?  …Iraq’s not going to go international until they show us a Real Effective Exchange Rate.  I’m looking forward to it.  I think it’s going to be powerful. 

Dinar Investor – Jeff  Article: “The Central Bank of Iraq decides to restore the mechanism for financing Iraq’s foreign trade, starting next March” …The Central Bank of Iraq is preparing the regular banks of Iraq to start being prepared to be able to trade the dinar against foreign currencies...To trade the dinar against other foreign currencies the dinar itself must be tradable…The step of revaluing the currency is what makes it tradable against other currencies… Again, what they’re telling you here is they’re going to start preparing for this.  They’re not actually going to start doing it.  They’re preparing to do it March 1st…This is a step of them setting the stage before the big event.

Sandy Ingram – Dinar Guru ‘If this infrastructure happens, of course, it would be good for Iraq’s economy and GDP.  However, that does not translate to any RV or RI…It could strengthen the dinar, but the term “strengthen” does not mean higher rate like dinarland is hoping for.  It simply means the economy is good and the currency is not weak…‘ SANDY:  You are correct.  We can only hope the currency increases in value against the US dollar…It’s our hope the value will increase against the US dollar with or without an RV.

Clare – Dinar Guru  Article: “Sudanese Advisor: Iraq is on the cusp of a transitional stage in the development of promising economies globally” Article quote:   “…international studies estimate that the share of natural resources per square kilometer relative to the area of ​​our country is the highest in the world.”

Pimpy – Dinar Guru    A lot of you are asking me…how does the deletion of the zeros affect the stocks over there in Iraq…I know we were told that the deletion of the zeros comes off the exchange rate, which is wrong.  It actually comes off of their currency, their bank notes.  It’s called a redenomination…Since 2013 they’ve been talking about the deletion of the zeros off the currency.  They put the zeros on when inflation is really high…Now that their inflation has been kept in check for quite a while they’re talking  about removing the zeros off the currency.  No where in there does it say the exchange rate.  It says the change does not affect the currency’s value against other currencies.  Instead it simplifies transactions and improves the economy’s overall efficiency.  [Post 1 of 2….stay tuned]

Pimpy – Dinar Guru  The ISX is the primary stock exchange in Iraq…the redenomination of the Iraqi dinar will not directly impact the ISX or the stocks traded on it.  Stock prices are determined by market forces such as supply and demand…If there’s any kind of effect on the Iraqi Stock Exchange it would be that people might panic a little bit…The prices are all done in US dollars.  It’s not in Iraqi dinars…so redenomination is not going to have any effect the value of the stocks on the stock exchange.  If they change the exchange rate against other foreign currencies it will affect the stock prices… [Post 2 of 2]

Dinar Investor – Jeff  Article: “The Prime Minister of Iraq receives a new invitation without an appointment to visit Washington”  Sudani will be visiting Washington after they’ve revalued their currency to discuss getting their possessions back from the United States, such as all of their OPEC oil dollars...We have other collateral and assets on them, we need to give them back.  That’s the reason he’ll be going to Washington after the rate has changed…

Mountain Goat – Dinar Guru  Question:  We all have like 25000 dinar notes after the 2 extra zeros are gone and we can go to FOREX will we have any problems cashing them in at the new FOREX rate after the month is over?  Mnt Goat:  So, there is no time period set for exchanging our dinars outside of Iraq. However, having said this, we must refer back to Dr Shabibi’s media news interview years ago when he said in about 10 years after the reinstatement the CBI would null and void these 3 zero (not 2 zero) notes that we hold…

Pimpy – Dinar Guru  Is it possible Jamie Dimon sent out a memo explaining to people that this is going to be  happening soon?  Yeah, that’s possible but I would love to see that email.  I think it sounds like B.S. to me.

Dinar Investor – Jeff   Everything’s happening exactly when it’s happening for a very specific reason…Iraq is bringing some very critical steps forward specifically within the month of March… Article “The Central Bank of Iraq decides to restore the mechanism for financing Iraq’s foreign trade, starting next March”  March was not chosen coincidentally…Kuwait and Iraq have the same budget period which is April 1st…

Pimpy – Dinar Guru  Question: “If you take your 25000 dinar note and get 500 dinar note…would it protect against the lopping off the three zeros…?”  No…If they’re going to LOP the zeros off the currency that means they’re going to have new bills.  So even if you did get 500…they’re still going to be new looking 500 dinars.

Mountain Goat – Dinar Guru   “...it was decided to transfer all financial transactions electronically through the (POS) point of sale system in traffic departments in Baghdad and all governorates instead of cash dealing.” …it is a borderline “WOW!” article for us today as Dinar investors. …electronic banking and POS has been on the radar and will continue to be pivotal in the monetary reform process…. It is a very good step, a sign in the right direction and may help take the demand off the dollars thus reducing the rate in the black market for the dollar.

Pimpy – Dinar Guru  If you are a newbie to this…you’re going to go bank-to-bank and talk to the tellers.  Of course they have no idea what you’re talking about because they don’t deal with foreign currencies.  They don’t know anything about the Iraqi dinar.  They don’t know anything about any other currencies unless they deal with specifically exchanging your foreign currency.  That shouldn’t be surprising to anybody.

Militia Man – Dinar Guru  Article: “Minister of Commerce: International welcome and desire to increase investments in Iraq”  Article quote: “the meeting came out with many decision that were approved including … welcoming Iraq’s accession to the World Trade Organization.“  That’s awesome…Are we waiting for a major announcement?  Remember Salih said there was going to be a major announcement and we haven’t heard it yet.  This right here is that this major announcement?  I don’t think so.  It’s almost like leakage…

Pimpy – Dinar Guru   Everybody is getting hyped up about Jamie Dimon and JP Morgan being over there in Iraq…It’s not that big of a deal.  It isn’t…

Sandy Ingram – Dinar Guru   Iraq is getting closer to a currency reset…Iraq’s rail plans have investors worldwide watching carefully…The rail connection in Iraq from the Gulf to Europe will change Iraq’s economy.  This same method of increasing the GDP was recently used by Mexico when they built a connecting rail system…Mexico’s exchange rate increased against the US dollar and now Americans are spending more money to live in Mexico…This is one of the major paths that can lead to a higher GDP and a higher value in the currency.  The project is set to start in early 2025.

Pimpy – Dinar Guru   When you take the three zeros off the 25000 dinar you only have a 25 dinar.  It give the impression of a stronger currency because it doesn’t look like an over inflated currency.  It didn’t say it’s going to be stronger.  It says…Deletion of the zeros is to give the impression of a much stronger currency.  It gives people confidence…If they do that before they change the exchange rate we are ass out.  We need to figure out how to swap our currency for the new currency…What did I say we wanted to avoid?  A redenomination until we see it go up in increments..Now all of a sudden they’re talking about forcing Iraqi people to bring inter dinar by redenomination.  Man, this is looking bad.

Militia Man – Dinar Guru  An expert…talking about the best way for electronic payments to be successful for the central bank… Article quote: “to carry out the process of deleting the three zeros from the currency.  Printing new currencies and announcing a period of 1 month for citizens to exchange all their money with the new edition which will give an impression of the strength of the dinar against the dollar and the rest of the currencies.”

Mountain Goat – Dinar Guru   We are still waiting for the CBI’s measures to take hold to control the parallel market rate and then so they can go ahead and raise the program rate one more time, as I am told by my CBI contact is still going to happen…we must just sit tight and let them work through these issues of the parallel rate. The CBI will get it under control. As you know Iraq doesn’t work like Speedy Gonzalas…

Tishwash – Dinar Guru   Article:  “An international desire to invest in Iraq and three countries hold meetings in this regard” Article Quote:  “The meeting came out with many decisions that were approved, including enhancing intra-trade, liberalizing trade in goods, and welcoming Iraq’s accession to the World Trade Organization.”