Dinar Observer Daily

Militia Man – Dinar Gur  Ceasing the dollar auctions as we know it.  Tomorrow [Monday] is supposed to be the first day they’re going to have a new mechanism for using the dollar and selling that dollar.  People are going to have to play by the rules and be part of that FITR platform.  We have to go from there to see…

Samson – Dinar Guru  Article: ”WTO Working Party Meeting July 18th after 16 years“

Militia Man – Dinar Guru  They haven’t started oil pumping and you have to ask yourself, why?  Because they need revaluation for that and I think that’s what we’re waiting for.  Is that some sort of delay?  I don’t think so.  I think the inner connectivity of the most complex revaluation situation in the history of mankind…is complex.

Clare – Dinar Guru  Article:  “Source: Iraq’s Central Bank Governor in unannounced visit to US to discuss Yuan ban”  Quote:  “al-Allaq departed for Washington last Tuesday to meet with officials from the Federal Reserve and the US Treasury Department.“

Samson – Dinar Guru  Article “Sources: The governor of the Central Bank of Iraq made an unannounced visit to Washington on the Chinese yuan“

Pimpy – Dinar Guru  This is big… Article Quote: “According to the latest data that is available, transactions through the central bank electronic platform have considerably increased with daily transactions reaching $200 million which is consistent with the size of Iraq’s economy.  This marks a substantial rise from…2023 when transactions were around $50 million per day.”  That’s a huge increase of $150 million.  This is right on par with Iraq’s economy but the fact that the transactions have increased is a big plus for people investing in Iraq dinar…  [Post 1 of 2 stay tuned]

Pimpy – Dinar Guru   Article quote:  “The transparency provides a realtime reporting on the FITR platform can also enhance market confidence in the Iraqi dinar.  Investors and traders are more likely to trust a currency whose transactions are openly documented and monitored by regulatory authorities.  This increase in confidence can contribute to a greater stability in the foreign exchange market for Iraq dinar…Higher levels of activity transactions being reported on the FITR platform can indicate a vibrant and active economy.  A robust economy often translates to a stronger currency value as investors are more willing to hold the asset denominated in that currency.”  This is good news but again you guys stay grounded.  Sandy by.  Every day there’s more and more good news coming out of Iraq…This is great news. [Post 2 of 2]

Mountain Goat – Dinar Guru  In talking to my CBI contact      …I was told there is a master plan they are following to get to the reinstatement… The point that was made to me…is that the IQD should already be reinstated if nothing else to what it was prior to 1990, then to let it float and the market will drive it like any other foreign currency that is traded…

Clare – Dinar Guru  Article: “Iraqi-American talks on the exchange rate of the dinar against the dollar”

Jeff – Dinar Guru  Some of you have said that parliament has nothing to do with this [the budget]…It actually does  because they unconstitutionally approved the budget and the budget’s approval has everything to do with it.  That’s the piece to the puzzle that is not understood.  Article “Parliamentary law challenges the 2024 budget tables”  Parliament can only review and approve laws.  It was parliament that did these amendments making their steps or actions of approving the budget unconstitutional.   The courts possibly next week around Wednesday/Thursday declaring the budget itself as unconstitutional and overturning its  approval…

Sandy Ingram – Dinar Guru  When you invest [your dinar profits], more than likely your financial advisor is going to recommend business ventures that will create a cash flow to uphold your lifestyle.  If it takes a moment or two to generate income  from your investments, keep working people until it happens.  You don’t want to live off of your initial investments. [Dinar Guru  Note: Consult your financial advisors and APPs at the appropriate time to find the right investments for your unique circumstances  and lifestyle.] 

Pimpy – Dinar Guru  Oh, this is big news right here, look at this, Article “Iraq’s non-oil revenues reach 11% for the first time”  Been talking about this for the longest time.  This has got to increase.  It’s usually around 4%…Yah!  Pee-pee dance!  Finally we’re starting to see some movement.

Clare – Dinar Guru  Article: “For the first time, the Iraqi state’s non-oil revenues record an increase of 11%” Quote: “…for the first time, the non-oil revenues of the Iraqi state recorded 11% of the total revenues, with oil revenues falling below the 90% barrier.“

Militia Man – Dinar Guru  [Response to Guru Jeff 3-12-2024 below] The 2023-24 budget has been approved and voted on and even in the Gazette as of ~June 2023.  It allows the government to make amendments to things.  Is this constitutional thing? I don’t think so.  I think they’re minor amendments.  It has nothing to do with being constitutionally outside of the block.

Clare – Dinar Guru  Community Comment: “I don’t understand how the budget can be sent back to Parliament when the President signed and sent it to the Gazette for publishing.”  Article:  “A representative of the framework: The 2024 budget will be returned to the House of Representatives and the reason is revealed”  THE AMENDMENTS NEVER GOT PUBLISHED IN THE GAZETTE YET.

Pimpy – Dinar Guru  Article: “Nearly one trillion dinars of customs revenues in the first half of 2024”  This article is really good news as we are aware Iraq has to diversify their income right now.  They rely way too much on oil sales so they have to find alternatives to that.  Customs is one of those alternatives…It is generating a lot of income for Iraq…This is exactly what we want to see Iraq do, work on budding those alternative revenues for Iraq.  This is a big help…

Clare – Dinar Guru  Article: “Customs revenues amount to nearly one trillion dinars in the first half of 2024“

Jeff – Dinar Guru  Article: “The 2024 budget will be returned to the House of Representatives and the reason is revealed”  Iraq approved their budget on Monday June 3rd. I’ve known since June 4th Tuesday that the budget was unconstitutional...I’ve stayed quiet since to let the news catch up.  I knew this immediately was unconstitutional.  I knew it was going to get overturned by the court, the whole time.  Now you’re witnessing it.  The news is finally, a month and a half later, catching up…That’s how far ahead we are..

Samson – Dinar Guru  “A representative of the framework: The 2024 budget will be returned to the House of Representatives and the reason is revealed“

Samson – Dinar Guru  Article: “Parliament announces completion of requirements for legislation of the Industrial Investment Law“

Clare – Dinar Guru  Article:  “Foreign Minister arrives in Washington”  Quote:  “Foreign Minister Fuad Hussein arrived in Washington today, Wednesday, to participate in the 2024 NATO Summit.”

Nader – Dinar Guru What’s going on in Iraq is really really good.  Last month you see me talking about this month, about July.  I said from now to July 8th you’ll get some good news and that’s exactly what happened.  You see every proof of possibility to revalue or reinstate.  I think it’s reinstatement more than revaluation.

Pimpy – Dinar Guru  The IQD is not officially trading on the Forex right now because it’s part of their punishment, but it’s listed there because they had a pairing at one time just like the [Venezuela] Bolivar…Once they’ve been paired before, even though they’re in trouble and they might not be officially trading on the Forex, they’re still listed as trading 1 to 1.  That doesn’t mean that’s what’s happening, it’s like a placeholder.  Think of it as a book-marker. They’re not officially trading at 1 to 1…A book-marker, that’s all it is…When the time comes and they start trading on the Forex again…they’re already set up and can start trading right away.  That’s the same with all currency exchange websites.

Newshound Guru Militia Man  The Central Bank…is probably telling people [exchange companies], if you don’t do this [play by the rules] you’re going to have a big problem…Those 1200 entities that were talking about going on strike got a reality check.  Because could you imagine holding massive amounts of US dollars when you could be holding dinar and they change the value of the currency to show their purchasing power when they drop the three zeros?  It’s going to bring value.  It’s not a lop like a lot of people keep thinking…It doesn’t bring any value.  A lop is like a reverse split…It’s silly.

Mountain Goat – Dinar Guru   …two main issues concerning the monetary policy…The first issue is about the cash outside of the banking system…that the percentage of cash outside the banking system reached 91%… they already told us they have plan to retrieve this money… as investors in the dinar…part of the 91% also includes our dinars. They told us this money is desperately needed in the banks…But how will they get ours, as investors? So, the answer is…the CBI will have to revalue the dinar enough to a significant level to get us foreign investors to run to the bank and turn it in.    Within Iraq, however it is much different and they only need to overcome the parallel market rate of the dollar and these notes will come flowing back in to the banks. This is also when they can begin the swap out to the newer lower denominations…  [Post 1 of 2….stay tuned]

Mountain Goat – Dinar Guru  The second is the reluctance of the US to allow the currency reform process to move ahead as the 3rd phase of the strategic plan calls for and is supposed to have already begun. But can it really begin without this measure? It is already a week into July and still the US has not given its confirmation as to the support they will give for this next part of the phase…there is not really much going on in the currency reform process…to indicate that the 3rd phase is started…One solution, as we learned, was for the three letter agencies to open the spigot and pour out the very good news about Iraq’s stability. Folks they are prepping for something really big in the very near future. They are trying to kickstart this 3rd phase of the strategic plan…  [Post 2 of 2]

Militia Man – Dinar Guru  Probably shortly you’ll find that Iraq is going to do something with their exchange rate to be IMO an IMF Article VIII complaint exchange rate that will be openly traded on Forex...

Sandy Ingram – Dinar Guru  The IQD Wait: What’s Taking So Long? The 2003 Invasion, ISIS, and the Pandemic have all contributed to the delay in the Iraqi Dinar’s increasing value. Iraq’s economy got into trouble during the Iran-Iraq eight-year war and has been struggling ever since.

Nader  – Dinar Guru  Lots of things happening…I see good news coming up this week so stay tuned...What’s happening now it’s good.  I can say we are very close.

Pimpy – Dinar Guru  The IMF can’t force countries to do a specific exchange rate.  They can have input.  They can talk to a county about their exchange rate but each country is sovereign.  They’re independent.  No organization, whether it’s IMF, World Bank, WTO, can force a country to use a certain exchange rate...