Dinar Observer Daily

Pimpy – Dinar Guru   The only people I could think of would be the corrupt people.  As long as there’s a black market well then they get to make a lot of money off of it.  IMO it’s most likely somebody with the political party, I don’t want to name no names, Maliki, but I’m guessing it’s got to be somebody from the Coordinating Framework that is opposing this.  Because if you do allow them to import foreign exchanges and the currencies are coming into the bank it makes it really hard for there to be a black market especially if the Iraqi dinar starts going up in value…No need to panic…Positive Juju…come on everybody, positive Juju.  Everything is going to go according to plan…   [Post 2 of 2]

Militia Man – Dinar Guru   Article quote:  “It’s not possible to import the dollar and secure in the local market without registering the dinar in the basket of Arab and international currencies.”  Bing!  Wow, what did they just say? …That’s like going back to where they were in the past, that ‘previous era’…

Clare – Dinar Guru  Article:  “Economist: It is not possible to mint an Iraqi coin currently, and inflation is a thousand times high ”

Militia Man – Dinar Guru   They just told you their natural resource wealth is just phenomenal.  They’re telling you their taxes and tariffs at the border have been activated…tourism…all of that.  What do you really know about what you own.   Pay attention to that.

Pimpy – Dinar Guru   I still think it’s going to go up in increments.  That’s because there’s too many factors that have to be looked at in order for an RI to actually happen.  Now I’m not saying it’s impossible…Know a lot of you out there get pissy about what I say.  Look, it’s just my option and I share why I come up with that opinion.  For all I know tomorrow we wake up and they reinstated a $3.22 rate.  That would be awesome and people are like well, well pimpy was wrong…That’s one time I won’t be depressed about being wrong…

Clare – Dinar Guru  Article:  “Misdemeanor Integrity Court: Iraq has come a long way to get off the money laundering blacklist“

Militia Man – Dinar Guru  You can’t vote on the hydrocarbon law for the citizens without revaluation.  You have to have value…Just like the World Trade Organization.  You have to have a value for ascension.  That’s my view….I think it’s falling into place.  It’s really looking kind of cool…

Pimpy – Dinar Guru   Now that Iraq is doing this with the Central Bank, the import of Foreign Exchange does that help the currency at all?  …This is a sanction that was lifted.  This is opening the door for Iraq to start doing trade again with the international community…

Mountain Goat – Dinar Guru   The CBI and the Finance Committee are really tightening their restrictions on the dollar. They need to get this de-dollarization process ended…Why not just make the dinar much more valuable than the dollar “officially” by raising the rate? …we can see the CBI wants to follow up on this outcome…we know they first have to create the demand for the IQD outside of Iraq…That is the hurdle the CBI is now working on. They must now get agreements in place to accept the dinar in trade transactions with other Arabic countries and other developed nations trading partners.

Mountain Goat – Dinar Guru   …We can see many events in-line with January 2024.  I want to bring you up to date on my latest conversation with my CBI contact… It was told to me that the re-education campaign is still going forward but not yet rolled out as of yet. There is talk in the CBI it may be postponed due to the Gaza strip conflict, but no action or direction has been given to signify this as of yet…

Pimpy – Dinar Guru   I still think they’re going to go in increments but that doesn’t mean you won’t wake up one day and all of a sudden you find out the damn exchange rate’s been reinstated…

Militia Man – Dinar Guru  Back at the U.N. assembly they talked about the fact that Iraq was going to be bringing confidence to banks like JP Morgan and they effectively fix the financial system of the world.  Iraq is going to be one of those countries that’s going to help do that and I’m looking forward to it and I hope you guys are too…

Sandy Ingram – Dinar Guru  Just because the value increases against the US dollar does not mean the currency will be on the Forex market and just because the Iraqi currency increases in value also does not mean we as investors will have access to the currency.

Samson – Dinar Guru   Article:   “The Iraqi Central Bank is moving towards the US Federal Reserve to increase its dollar transfers”

Militia Man – Dinar Guru   Things are happening on the banking side… Article Quote: “Visa Direct tool…simple transfers for the citizens. The tool facilitates the demand for foreign currencies.” Not just the dinar, Not just the dollar…They’re talking about 160 currencies.  That’s what they said.  It’s not my words…That’s a lot.  That’s phenomenal.  That means what?  Iraq is going international with up to 160 currencies...

Mountain Goat – Dinar Guru  …in the news is yet more de-dollarization efforts as they convert the remaining of the border crossing stations all to “all dinars” only for custom fees. The Parliamentary Finance Committee renewed on Tuesday, its support for the Central Bank’s measures to control the exchange rate and address any obstacles...we learned that the new government of Al-Sudani made promises in his administrations curriculum to bring back the dinar stronger than the dollar. Is this why he has openly in public stated the dinar is already stronger than the dollar? Well then…where is it?  As investors we wait for it.

Pimpy – Dinar Guru   Things are still looking really good for Iraq.  They still manage to be keeping their nose out of what’s going on over there in the Middle East even though it starting to escalate…

Militia Man – Dinar Guru  There’s a little bit of turmoil going on with Kuwait…when it comes to demarcations …Maritime borders are sovereign right too but the most important one is the ‘unspoken Chapter VII’.  I believe the unspoken one is because of their currency exchange rate…Chapter VII has to do with the UN and until they are released and allowed to go Article VIII compliant with the IMF…ascend to the World Trade Organization…be able to have a valuation for their oil and gas law…That’s what’s in play right now…They are going to need an internationally accepted exchange rate…

Pimpy – Dinar Guru  I still think the Iraqi dinar is going to go up in increments.  I’m anticipating them to do at least one increase before the end of the year.  It looks like they don’t have any choice and I’m curious to see what they’re going to do…

Militia Man – Dinar Guru  Article quote: “Visa Direct…where money transfer services are aimed at transformation global money movements between Iraq and the rest of the world.”  That’s talking about what we expect – an international exchange rate to facilitate international trade.  Without an international acceptable currency it’s not going to happen in my view.

Samson – Dinar Guru  Article:  “Iraq launches Visa Direct service to combat corruption, illicit funding”  Article:  “It will securely accept faster and easier money transfers electronically. The Central Bank officially launches the “Visa Direct” service“

Nader – Dinar Guru  I heard a debate the other day…If Iraqi citizens care about the exchange rate or not.  Here it is.  The regular people like you and me they don’t pay attention to it because for them it’s the same thing…But exchange companies, governments, offices…big things like that cares about the exchange rate because it’s a lot easier to deal in small amounts…So regular people don’t care about it…Me I care about it a lot.  Why?  Because it will make easier for me to pay people and get paid from people.

Pimpy – Dinar Guru  There’s so many things happening…We got elections coming up here soon.  Al-Sudani has been taking many good steps to warrant an opportunity to be the Prime Minister once again but if he doesn’t control that currency it’ll destabilize the economy as well as the currency itself and this is not going to go over very well with the people of Iraq.  If he increases the value of the Iraqi dinar that gives the people of Iraq a little bit more purchasing power at the same time stabilizing the currency and hopefully closing the gap between the fixed exchange rate versus the parallel rate. 

Mountain Goat – Dinar Guru   Articles:  “NEARLY TEN BILLION DOLLARS IN IRAQI OIL REVENUES LAST MONTH”;   “IRAQ IS AMONG THE LARGEST ARAB COUNTRIES IN GOLD RESERVES… INTERNATIONAL STATISTICS DURING 2023″  Yes, and still the dinar is at 1/6 of a penny. How outrageous is this that they still continue to manipulate the dollar in Iraq. We will see what happens in January when the CBI has reported they plan to cut off all dollars for imports. The dollars will dry up. So get ready Iraq…

Militia Man – Dinar Guru  Al-Sudani said he’s keen on BRICS for all you BRICS lovers but obviously he’s not going into BRICS at 1310…

Pimpy – Dinar Guru  There’s no numbers on the back screen, there’s no 1-800 number, you don’t have to do a so-called humanity project.  Don’t get me wrong I encourage people to do humanity projects if you come out of this with a ton of money.  You should give back and I mean that with all my heart but it’s not a requirement in order for you to get this money.  You don’t have to call no 800 numbers, there’s no redemption centers, there’s no numbers on the back screen.  All that is freaking B.S…

Kaperoni – Dinar Guru  I think it’s important for Iraq to transition to Article VIII because with the help of such a large company  [JP Morgan] I don’t think Iraq will continue to drag their feet. I think they will make those changes when the conditions are met and JP Morgan will be right there with them.

Sandy Ingram – Dinar Guru   Article:  “35 million lost every day: Shutdown of Iraq-Turkey oil pipeline has hurt stat and oil companies”  In total Iraq lost $7 billion USD.  Turkey has officially notified Iraq the oil pipeline is ready to be reopened…

Pimpy – Dinar Guru  Question: “Please explain what you mean by dirty float.”  There are different monetary policies that people could put into place to control their exchange rates.  A dirty float is a free float with the government’s ability to intervene at any time.

Clare – Dinar Guru  Article:  “Sudanese Advisor: 70% of Iraq’s imports are made with BRICS countries”  Quote:  “Iraq announced its desire to join the BRICS group, as there is an objective basis related to the connections of the Iraqi economy with the markets of the BRICS group itself, as it reflects the current account of the Iraqi balance of payments with the countries of that economic group, which includes the strongest emerging markets in “The world“