Dinar Observer Daily

Militia Man – Dinar Guru The news that has been out from Iraq the last couple weeks has been phenomenal.  You’ve heard my theme about integration into the global financial system…That’s exactly what I see happening.  In 15 years I don’t think I’ve ever seen the level of progress…that is coming out of Iraq in the news.

Nader – Dinar Guru   When they come and tell you it’s going to happen this week or this month or this day, nobody knows the date…and nobody will know how much either.  They can guess but nobody know the price.  I think $3.22…I think $3.22 is fair.

Sandy Ingram – Dinar Guru  The more Iraq moves on to traceable electronic rails, the easier it is for global partners to say yes to the Iraq dinar…

Clare – Dinar Guru  Article: “Al-Sudani’s advisor: Iraq’s non-oil revenues are increasing thanks to reforms”  Quote:  Non-oil revenues increased from (420) billion dinars in the first half of (2023) to (7) trillion and 18 billion dinars in (2024)…Saleh stressed that the three-year general budget law raised the contribution of non-oil revenues to 20%, in a clear step towards reducing dependence on oil“

Samson – Dinar Guru   Article:   “Al-Sudani’s advisor: The development path will contribute 20% to diversifying the Iraqi economy“

Pimpy – Dinar Guru   Iraq has…got to find a way to generate some non-oil revenue because they’re really hurting. This is why when I say, ‘No, their currency is not stable.  No their economy is not stable.’  And they go, ‘What do you mean Pimpy it says it’s great?‘  No.  The fact they are relying so much on the sale of oil really affects the overall value of the Iraqi  dinar  especially if you keep running deficits.  That’s what you don’t want to see…Nobody is going to tell you this stuff but it’s the stuff you should be paying attention to.  It gives you an idea on what direction Iraq is running in order for us to even consider the idea the Iraqi dinar might increase in value.

Militia Man – Dinar Guru  These guys have 150 billion barrels of oil.  They’re talking about artificial intelligence is going to need that…The energy that’s needed is really going to be required to be able to take care  of people if they want to have artificial intelligence…medicines, pharmaceuticals …sadly plastics…cars, everything you make is a derivative.  Is it going away? No.  This planet is going to keep growing.

Clare – Dinar Guru  Article:  “Experts: Banking reforms are necessary to enhance financial stability” Quote: “the global consulting firm Oliver Wyman, is implementing a strategic plan aimed at enhancing financial stability, diversifying the economy, and gradually transitioning from a cash to a digital economy.“

Pimpy – Dinar Guru  They’re pretty happy with where the exchange rate is right now because it’s stable.  There has to be some consistency in the stability of it…It doesn’t mean they won’t change it, but they need to show stability…They’re telling you right now they’re happy.  They finally got things stable.  Inflation is under control.  Spending is under control.  Reforms are taking place in the banking.  Jobs are being provided.  Everything is going in the right direction. 

Nader – Dinar Guru  Sudani never said [RV/rate change] before election…Show me an article where Sudani or anything where Sudan’s speech anything what Sudani said before the election.  Show me anything.

Clare – Dinar Guru  Article: “An expert warns against adjusting the dollar exchange rate and outlines a solution to address the decline in oil prices” Quote: “Economic expert Salah Nouri confirmed…that adjusting the dollar exchange rate falls within the purview of the Central Bank of Iraq…Nouri explained that depreciating the dollar—i.e., increasing the purchasing power of the dinar—reduces the amount of dinars the Ministry of Finance receives, creating difficulties in implementing the general budget, particularly the operational portion. He pointed out that the decline in global oil prices further complicates this problem, as it impacts the state revenues needed to finance the budget.“

Militia Man – Dinar Guru   Prime Minister of Iraq is saying… Iraq’s oil reserves have reached over 150 billion barrels.  It’ll provide the world’s oil for 120 years at least...OPEC said because of Artificial Intelligence and many other things, the demand for oil is increasing.  It’s not decreasing.  It’s a total disconnect from what we saw four or five years ago, but they’re saying it now…

Mountain Goat – Dinar Guru   Article:   “In AL-SUDANI: THE PARTNERSHIP BETWEEN IRAQ AND THE UNITED STATES HAS ACHIEVED
SIGNIFICANT RESULTS AND ENHANCED SECURITY” Quote:  “the Prime Minister Mohammed Shia al-Sudani himself praised the partnership  between Iraq and the United States on Tuesday, “stressing that it has achieved significant results and contributed to enhancing security and stability.”  …So where is the Project to Delete the Zeros then?  Another sign it may be coming VERY SOON.

Nader – Dinar Guru  Please…let’s be real.  All that stuff $10, $7, $6 [for the dinar RV rate], more than $3.22 I don’t want to hear it.  It’s really the abuse of your mind.  I’m serious…It will not go more than $3.22 I promise you.  This is serious.  It’s 100%.

Militia Man – Dinar Guru    Article:   “12 INTERNATIONAL COMPANIES SUBMIT BIDS TO OPERATE MOSUL INTERNATIONAL AIRPORT”   This shows Iraq already has the support from the international community. There are firms from Turkey, Britain, the UAE, and Oman.   The investment climate has become ripe for public-private partnerships. That means cross border collaborations. This too is support for Iraq’s [global] integration! …They’ll need the support from the central bank by having plenty of foreign currencies…to help facilitate trade on a global scale. Investment in the Mosul airport supports this effort as well!

Militia Man – Dinar Guru  The special 1310 exchange rate it’s not a fundamental real effective exchange rate…Anybody  that wants to do whatever research you want to do, you’re going to find out it’s not a real effective exchange rate.

Clare – Dinar Guru  Article: “US sanctions companies run by Iraqi businessman for smuggling Iranian oil ” Quote: “US  Treasury Secretary Scott Besant emphasized that Iraq cannot become a safe haven for terrorists, and that is why the United States is working to counter Iran’s influence in the country.”

Jeff – Dinar Guru   There’s a lot of amazing news out there… Just so you know, the original [Iraqi dinar] currency devaluation occurred back in the month of September around 2004 or 2005. September is a critical piece right now based on everything out there.

Pimpy – Dinar Guru  If it does happen where the exchange rate is changed, they keep the zeros on there and your dinar actually becomes worth millions, you still could go down to the bank.  You don’t go to no ‘redemption center’. There’s no ‘800 numbers’.  You just take them down to the bank and exchange them.  If you got a shit-ton of them and you’re seriously got millions of dollars coming to you, they’re not going to give it to you all at one time.  There’s going to be a little bit of a hold time just like if you’re cashing a check. They will give you access to a limited amount of it but the bulk of it is going to be put on hold for just a little time.

Nader – Dinar Guru  Question:  “If they wait until after the election won’t that keep Sudani from getting elected?  He promised the dinar would be the promised currency of the world.”  Sudani never promised you anything.  Sudani never said, ‘Hey, I promise you I will change the current rate.’  He come out and he said the dinar is stronger than the dollar.  But he never promised anything to anybody.  He can’t promise.

Militia Man – Dinar Guru It is fascinating to see how far Iraq has come in the process of a revaluation, IMV a redenomination, and an application of a real effective exchange rate…Hopefully what we’re going to see is they’ll be doing these things for international Forex markets…  Article quote:   “This formalization supports the groundwork for potential revaluation or redenomination as a more controlled money supply enhances the CBI’s ability to adjust the currency’s nominal or real value without destabilizing the economy.”

Militia Man – Dinar Guru    Article:    “THE MINISTRY OF COMMERCE ANNOUNCES THE COMPLETION OF 7 MAJOR FILES RELATED TO IRAQ’S ACCESSION TO THE WORLD TRADE ORGANIZATION (WTO)”  Iraq has the ability to get full accession.  I think it’s imminent…The WTO is, I think, waiting just like we are for Iraq to have a real effective exchange rate…

Pimpy – Dinar Guru  Question:  “What if one or some of your bills turns out to be counterfeited? Then what happens?”  They’ll go, ‘This bill or these bills are no good.  They’ve been counterfeited‘ and they’ll confiscate them from you.  Obviously because they don’t want you running around with counterfeit bills…They’re most likely going to ask you where did you get these from so they could try to go after the people who did it…Have your receipt…Make sure you know where you got your dinar just in case…The  [company you purchased from] will rectify you.

Sandy Ingram – Dinar Guru   Some of us have been waiting over 15 years for the IQD to revalue.  Some of us have faith and other of us have hope.  We put that faith and hope together and we believe Iraq will pull through this.  The revalue may not be $1.00 to 1 dinar in the beginning…It could be $0.10 or $0.15.  But even if it’s 10 cents and you have a million Iraqi dinar do the math  …Then investors can invest from all over the world.  It can go to 20 cents.  It can go up up and up.  But first we have to get those three zeros off of there and get it into US cents then we can move it up to US dollars. 

Nader – Dinar Guru   It’s not revalued…You know when…the dinar is international?  Everybody’s saying now it’s international.  It’s not yet on Forex.  If he goes international the first thing they will do, will go on Forex. For now it is on Forex but it’s not tradable, you cannot buy and sell.

Militia Man – Dinar Guru  They talk about a managed float.  One of the things about a managed float is they’e going to be able to defend their currency.  I’ve been saying this for years, it makes more sense for them to have a managed float because then the central bank can work in conjunction with other entities and intervene in the market. In other words, they can control inflation – They can buy in currency or sell currency to maintain a stable exchange rate.

Mountain Goat – Dinar Guru   …the only sound way to stabilize the rate of the dinar against the dollar is to get off the sole peg of the dollar to the dinar. …How can you expect to solve this issue when you are selling oil for dollars and still relying on massive payments for imports (mostly in dollars). SOLUTION: Get off the de facto peg to the dollar…It’s time! Stop the demand for dollars! …They must tackle the root of the issue and just get off the sole peg of the dinar to the dollar.

Sandy Ingram – Dinar Guru  Article:  “Breaking News: Under Dire Threat of US Sanctions, Iraq Backs Down – Withdraws Controversial Militia Bill“  Which would have included the PM being integrated into the Iraqi policy.  Iraq just pulled back.  When you have $100 billion dollars in the bank in the United States, you’d pull back too.

Militia Man -Dinar Guru   Article quote:   “Dr. Sahad Bahan…Iraq is to be one of the most secure countries in the region and the world.”  That’s a pretty powerful statement…Those that think Iraq’s going to come out at 1310, trust me on this one, 1310 is insignificant.  It’s not going to work.  It’s not even a reality.  A real effective exchange rate is a reality…It’s not 1310 folks, it’s not.

Clare – Dinar Guru  Article:  “Trump to address 80th UN General Assembly on Sept 23: White House”   Quote: “The President will travel to New York City on September 22 to address the United Nations General Assembly on Tuesday, September 23,” White House press secretary Karoline Leavitt told reporters during a press briefing.“