Dinar Observer Daily

Militia Man – Dinar Guru  Article: “…Representative have agreed on the importance of passing this law [HCL] because it guarantees the fair distribution of wealth to all Iraqis…”  That’s everybody in parliament, that’s everybody, so I think there isn’t going to be anybody that would miss that vote… So why haven’t they done it?  They have to value that.  That’s what we’re waiting for to see if they have a new valuation for that based off the new international exchange rate…

Mountain Goat – Dinar Guru   Article quote:   “We hope that the Central Bank will remain steadfast and independent, stand against pressure and rumors, and continue to implement international standards and prudent measures that will improve and stabilize Iraq’s economy and exchange rate.” Al-Najjar also pointed out…the presence of major corruption within a group of banks and banking companies, which led to smuggle dollars.  …there are elements that do not want the currency reform to be completed since the goose with the golden eggs will end.  I assure you it will end and end soon! This corruption will not continue…I know much more of what is going on behind the scenes that I am not telling you and can’t tell you.  I know this reinstatement process has to continue to the end and is going to move quickly…

Militia Man – Dinar Guru  There’s a lot of movement and evidence to suggest Iraq is going to to international.  They pretty much have all the tools they need to do so.  We haven’t seen any payment internationally for projects.  We know the 23, 24 and 25 budget has not been spent yet...It’s all very good.

Breitling – Dinar Guru   If you don’t believe the Iraqi dinar [note count] is artificially inflated then you don’t need to be in this investment because you’ll never understand it.  All kinds of evidence from back in the day when they had less oil, less customers and the value was  $2.75, $2.25…range.  Now they have more customers and they’re pumping out more oil and their currency is at a 1/10 of a penny?  You have to understand that.  It  [the Iraqi dinar note count] is artificially inflated and it’s controlled by its money supply – how much dinar is out there.

Clare – Dinar Guru  Article: “Erbil: Withdrawing the dollar via ATM machines stopped by a decision of the Central Bank”  Quote: “A number of Erbil residents were surprised, on Saturday, by the stopping of the ATMs, which were designated for withdrawing US dollars, in several areas, including the “Empire” complex, which witnesses a large presence of foreign expatriates… There are banks that still issue dollars via ATM machines, and they are subject to stopping at any time.“

Pimpy – Dinar Guru  There’s no proof whatsoever that anybody inside our congress hold Iraqi dinar.  Now I’m not saying they don’t because the truth of the matter is most of them are in the know. So if something big is going to happen I guarantee they’re going to have Iraqi dinar.  But where’s the proof that congress has Iraqi dinar?  Where’s the proof that Trump has it?  You know that’s a funny thing, I believe Trump was asked one time and he said he didn’t have any at the time but was thinking about it…

Samson – Dinar Guru   Article:  “Iraq is in the first quarter of the list of the most powerful and influential countries around the world”  Quote: “Iraq is ranked 50th globally and fourth in the Arab world in the most influential countries in the world...“

Militia Man – Dinar Guru   Article:  “China hosts representatives from 130 countries at the New Silk Roads Forum”  This Belt Road project is linking right through Iraq.  Al-Sudani just met with Putin on his Development Road Project as well… The 10th anniversary of this coinciding with electronic systems hook ups in Iraq are looking to be timed   accordingly…I like it.

Pimpy – Dinar Guru  Question: “I’m confused, are you for an RV or you saying it’s not going to happen?”  What do you  mean?  What part are you confused about?  I’m for an RV, hell yeah man! Let it happen tomorrow.  Geez.  I’m for an RV, I’m just saying  we’re grounded…I’m not negative.  I’m telling you the truth…I’m saying the RV will happen in increments.  Are you talking about a reinstatement, the $3.22 rate?  No, that’s not going to happen…

Militia Man – Dinar Guru  Sudani has been knocking it out of the park...Turkey is going to be massive…building road, industrial cities, industrial parks.  Think about all the infrastructure that has to go into that.  Water, sewer, roads, electrical…All kinds of things happening behind the scenes.

Kaperoni – Dinar Guru  The only way for Iraq to raise the value would be to do so gradually over time based on the success and growth of the economy. Doing so would allow them to withdraw the large quantities of currency as the economy prospers. It also would allow them to float the currency based on the economic success and diversification.  

Pimpy – Dinar Guru  The one major issue with Iraq is they rely too much on oil.  I don’t care what them guys tell you about, ‘oh, they’re article VIII compliant.‘  That doesn’t mean crap.  Compliant what?  Article VIII of what?  What article VIII are you talking about?  The biggest issue with Iraq besides the fact they don’t have a stable economy and their government is not stable is they rely way too much on oil…

Samson – Dinar Guru  Article: “Economic praise for Iraq and Russia’s agreement to deal in dinars and rubles: a masterstroke“

Militia Man – Dinar Guru  Article: “Parliamentary Energy: Work is continuing towards passing the oil and gas law”    This is going to be a big deal and it needs the same thing everyone else needs and that is the international acceptable currency exchange rate. The way they are talking on this gives me the impression they are ready for the rate, so that they can discus, read and vote on it.  Who wouldn’t vote for it when it is for all Iraqi people. I am sure the priority is going to be toward a yes vote…A unanimous one at that!

Pimpy – Dinar Guru  After the past week we’re seeing a lot of things happening fairly quick over there in Iraq…You guys want to know if I’m excited about what’s going on?  Of course I am.  Is it good news?  Of course it is.  But what do I always say?  Stay grounded because when it comes to Iraq they have a habit of doing a lot of great things and doing something that screws it all up.  But this time around I’m more optimistic than I am pessimistic.

Militia Man – Dinar Guru   Article:  “The invitation to the organization to attend the introductory symposium on Iraq’s entry into the World Trade Organization which is being held on 4th of October”  The showcasing of them having had an international exchange rate has got to be coming because the WTO is not going to allow IMO ascension to the WTO without having a valuation of their country…

Dinar Investor – Jeff   You might want to go see what day of the month Kuwait reinstated the value of their currency because history is about to repeat itself between Iraq and Kuwait…they’re going to revalue on the same day of the month that Kuwait did. 

Pimpy – Dinar Guru   The reverse of the Authorization for Military use that can actually be done by next week.  I’m looking forward to that because I’m curious to see how that’s going to work out, how that affects the sanctions that are against the currency of Iraq.  Because if we can get those reversed that’s going to be a major step for Iraq and Iraqi dinar…

Suzie – Dinar Guru  I would like to think this “Jolly Farm’s” ride is about to come to an end soon.  With all the meetings with the UST, WTO, AMF, travels back and forth between countries, contracts being signed, countries pouring in to do business, Iraq to be the leader in the middle east and so on and so forth, this cannot drag out…I’m personally looking for this soon, not months down the road, as international business, if all true, won’t stand for it.

Nader – Dinar Guru  The HCL they start payment tomorrow and it goes all the way to 28th to 8th of October for 10 days.  They’re gonna pay people.

Militia Man – Dinar Guru  Al-Sudani came home from the United States of America.  He showcased his presentation.  He did it very very well, professionally, turns out people felt he was a statesman all around the world.  When it comes down to it are you going to do a tripartite budget at 1310?  The answer is probably 100% IMO no…

Pimpy – Dinar Guru  Al-Sudani wraps up his visit with the United Nations General Assembly…He was supposed to meet with Biden but my understand is that they did not meet but he did speak with a couple of his staff members.  I’m sure by now he must have some kind of idea how this [Thursday’s] vote’s gonna go…on whether or not they reverse the authorization of military use over there in Baghdad.  I’m wondering if there was any kind of stipulations or agreements that were made one way or the other but next week we’re going to find out.

Yada – Dinar Guru   Article:  “Al-Sudani listens to a comprehensive presentation on the steps for implementing the unified treasury account”  Article Quote:  “Prime Minister Muhammad Shia Al-Sudani confirmed today, Sunday (September 24, 2023), during a special meeting to follow up on the implementation of the unified treasury account and electronic payment that these steps are among the most important financial, banking and economic reform measures in Iraq.”  A follow up “on the implementation”…The Unifird Treasury Account is the account where all the money is stored and the electronic payment is the tool they are using their banking.   Stuffs taking place folks…

Pimpy – Dinar Guru   We know they’ve been working on reforming their banking system so it could work with international financial system.  If they de-dollarize, get rid of the capital controls and they can have access to international financial systems, outside investors would come from all over to invest in Iraq.  You could see the Iraqi dinar jump up pretty good.

Militia Man – Dinar Guru  There’s a total shift and a move to expose Iraq.  What are they doing?  They’re creating confidence.  They’re going to create liquidity…Iraq is gearing for a global financial system mechanism that’s gonna provide liquidity to the world. 

Sandy Ingram – Dinar Guru  Article:  “Summary of Iraqi Prime Minister’s Schedule at the UN General Assembly September 2023“.  The Prime Minister of Iraq addressed the UN General Assembly this past week in New York City…He had a one-on-one meeting with US Secretary of State…He also met with US companies  on Thursday…In his speech to the general assembly..he said the country has become a safe environment for investors focusing on eradicating corruption and is committed to international law...The PM told the general assembly everything they wanted to hear.  He called Iraq a key player in the global marketplace and said other countries cannot use Iraq as a central point to hurt either Iran or Turkey.

Pimpy – Dinar Guru  We know that the Iraq dinar is much more valuable currency, how much of an impact it’s [The US House of Representatives will hold a session next week to cancel the authorization for the invasion of Iraq]  going to have on Iraqi dinar remains to be seen.  Like I said I don’t want to promise anything but I think then we could see some much bigger jumps in the value if outside investors start coming in because the authorization has been reversed, if these restriction are removed off the Iraqi dinar then we can see some huge jumps.  

Nader – Dinar Guru   My boss [Prime Minister Sudani] back home let see what his decisions

BGG ~ Well that’s an outrageous claim?!?

Militia Man – Dinar Guru  They’re really serious about this investing aspect of Iraq…The meeting with the US Secretary of State discussed the activation of the Strategic Framework Agreement, the entry of American companies and the resumption of oil exports through the Turkish port…They’re going to help Iraq to be supportive of their currency and the value of that currency because all the income streams are going to be able to support Iraq to get investment projects done…

Clare – Dinar Guru  Article: “The Prime Minister returns home after concluding his visit to New York”  Quote: “Prime Minister Muhammad Shiaa Al-Sudani returned to the homeland today, Saturday, after concluding his visit to New York.“