Dinar Observer Daily

Militia Man – Dinar Guru  If you drop the three zeros off the exchange rate of the dinar what you have is $1 divided by 1320.  You’re going to get .0007…If you drop the three zeros off .00076 you have .76…Keep in mind what they’ve done is phenomenal.  The amount of work showing Iraq is going international and they’re working to that end to do it as quickly as possible is how I can see it.

Sandy Ingram – Dinar Guru  Research says 70% of all lottery winners are broke within 3 to 5 years after they win the lottery.  These numbers are almost as high for ex-NFL football players who once they are no longer playing football go broke…  They’re doing exactly what I am strongly recommending you don’t do.  They are living off their winnings.  You want to get into a mindset of replenishing your wealth.  It will be easier to build more wealth once you have wealth.  Money begot money.  Money attracts money.

Breitling – Dinar Guru  I’ve gotten the weirdest hate mail with a capital H.  You people need to just suck it up.  I don’t care if it’s not what you want to hear…I’m just reporting what the policy in Iraq is and whether it’s pushing our speculation forward or not.  That’s all it is.  Nothing more than that.

Clare – Dinar Guru   Article:  “Central Bank Governor Participates in a Workshop Specialized in Electronic Payment”   Quote: “His Excellency the Governor of the Central Bank of Iraq, Mr. Ali Mohsen Al-Alaq, participated in a specialized workshop on accelerating the transition to electronic payment, sponsored by the Prime Minister, and organized by the Osool Foundation for Economic Development and Sustainable Development.“

Pimpy – Dinar Guru  Iraq is still treading forward.  I’m curious to hear the news about what’s going on with Alaq and what they find out because what they’re reporting is not all peaches and cream.  But apparently he is still there working so it can’t be all that bad IMO…

Militia Man – Dinar Guru  Why did Al-Sudani say to the world that the Iraqi dinar is stronger than the dollar?  Was he lying?  ...I don’t think he was.  We have to just wait and see how things progress because it wasn’t said just once, he said it more than once.  For a Prime Minister of a country to say something there was probably some reasoning for it, meaning behind it.  That’s his words not mine.

Militia Man – Dinar Guru  Did Alaq resign?  Answer, no.

Mountain Goat – Dinar Guru   My CBI contact said…that the GOI has not yet accepted his [Ali Al-Alaq] resignation and so it is not final…The news media ran off half cocked with the story… She said let’s wait and see what happens to Mr. Alaq.  If he stays, he has to agree to work with the Feds and the US Treasury and work out a satisfactory plan, then take it back the Finance Committee and explain it. He is scheduled for a trip to the US for this purpose very soon...  [Post 1 of 2….stay tuned]

Mountain Goat – Dinar Guru  She [CBI contact] thinks he will remain as the proxy director for a period more…  I believe he does…have   the best interest of the country in mind with his policies. He has talked about reviving the Iraqi dinar to 1980’s levels. This is what we all want as investors…Let’s see what happens. [Post 2 of 2]

Samson – Dinar Guru  Article: “Urgent: Central Bank Governor: No intention to reconsider dollar exchange rates, we are undergoing a major transformation“

Pimpy – Dinar Guru   Alaq, all kinds of crap coming out about him…Seems to me they were hip to what was going on damn near a year ago and this would explain whey there’s so many restrictions taking place with the Iraqi Bank as well as other banks in Iraq and why it is that the United States felt like they had to take up a whole entire floor inside the Central Bank of Iraq…

Jeff – Dinar Guru  Since Al-Alaq returned as the CBI governor I’ve always shared he would only remain until Iraq RVs.  Now they’re talking about forcing him into retirement!

Militia Man – Dinar Guru Article quote: “Even the measures taken by the government to try to down low dollar prices to 1320 to sell it in a supported manner didn’t not reach the elimination of speculation in the markets reducing the price of a dollar in the black market.”  It didn’t work to kill the black market just yet but I got a strong feeling since the dollar auctions have gone from 250 million a day down to less than 25 million…consistently for over a week…we can see where their priorities lie.

Clare – Dinar Guru   Article: “urgent… Central Bank Governor: No intention to reconsider dollar exchange rates, we are undergoing a major transformation”  Quote:  “The Governor of the Central Bank, Ali Al-Alaq, ruled out a change in the dollar exchange rate.“

Samson – Dinar Guru  Article: ”The Dinar Breaks Its Silence: Fire Al-Alaq and the Dollar Leaves the Fifties“

Mountain Goat – Dinar Guru   Article:  “PARLIAMENT RETURNS THE OIL AND GAS LAW TO THE GOVERNMENT: IT MUST ADD
PARAGRAPHS THAT KEEP PACE WITH GLOBAL DEVELOPMENTS” Quote:  “the government must work on amending and adding new paragraphs to the
law…”   WOW! This is excellent news. This article shows us the Oil and Gas Law is actually farther ahead than the news has been telling us. It actually did reach parliament and the readings were conducted so far…

Militia Man – Dinar Guru  Iraq is still being able to function.  They told us their 2023-24 budget was legal, has always been and they’re moving forward with it…Even though we haven’t seen an exchange rate change they can still function, which is fine...Now they’re starting to do things that are getting their banks in order and we’re seeing the results of that.

Pimpy – Dinar Guru  The Central Bank of Iraq was forced to allocate an entire floor to the US Treasury department to  monitor money transfer operations and prevent any illegal activities.  Talk about a very clear violation of Iraq’s sovereignty.   This is how bad things have gotten…The United States has now taken up permanent residents within Iraq’s central bank…  

Clare – Dinar Guru  Article: “The governor of the Central Bank of Iraq resigns”  Quote:  “Central Bank Governor Ali Allaq has reached retirement age and has submitted his resignation to Prime Minister Mohammed Shia Sudani”

Militia Man – Dinar Guru  Article:  “Central Bank Governor’s Resignation: Admission of Failure or Escape from the Repercussions of the Financial Crisis?”  Do we really think at this stage of where the reforms are now and how far they have come to even suggest Al-Alaq is going to go to Al-Sudani and give his resignation? …Al-Alaq in present terms has kept the country in a state of financial stability to date…This is a hit piece. One that is not surprising as the dollar auctions have dried up. That is very painful to those that lived off the cash cow… We shall see if it arrives and he steps aside as they put it…

Pimpy – Dinar Guru  Article: “The Governor of the Central Bank of Iraq resigns”  He’s pressured out.  There’s all kinds of crap happening…he was behind some shady things and it looks like now he is resigning.  They are going to say it had to do with his retirement…

Clare – Dinar Guru   Article:  ”Central Bank Governor’s Resignation: Admission of Failure or Escape from the Repercussions of the Financial Crisis?”  Quote:  “Tuesday, that Al-Alaq decided to submit his resignation after facing multiple problems in the financial sector, in addition to his inability to fulfill his promises to control the exchange rate. This request comes at a sensitive time for the Iraqi economy, which suffers from severe fluctuations in exchange rates and direct impacts on the local economy.”

Mountain Goat – Dinar Guru   …what is actually occurring between the CBI, the Feds and the US Treasury.  If you read the headlines today you might begin to panic…you might say things are looking really bad for Iraq. But I assure you that this is all actually VERY GOOD news for us investors… this recent move by the US Treasury was made for the benefit of the currency reform process so that they could move to the next step of the currency reform once these issues are fixed…

Clare – Dinar Guru  Article: “The Iraqi Stock Exchange achieves “positive results” in light of the major and accelerating collapse of global stock exchanges!”  Quote:  “the Iraqi Stock Exchange, unlike the world, achieved positive results for this day, unlike the data of Arab and international stock exchanges, indicating that the stock exchange in Iraq operates in a business environment that is almost separate from international markets.”

Kaperoni – Dinar Guru   The Iraqi dinar is a currency of a country it’s not a lottery ticket. There is no magical RV…Owning dinar is risky, which may strengthen over time, but it’s a long-term investment.

Jeff – Dinar Guru  Iraq was talking about doing their census in the month of November.  They’ve pushed it up to the month of October.

Clare – Dinar Guru  Article: “Urgent | The Governor of the Central Bank submits a request to be relieved of his post”  Quote: “The Governor of the Central Bank, Ali Al-Alaq, submitted a request to the relevant authorities to relieve him of his position.“

Samson – Dinar Guru   Article: “Central Bank Governor: We will not reduce the dollar exchange rate now“

Militia Man – Dinar Guru    The multi-currency practices are going to go away and ultimately they will apply a REER or Real Effective Exchange Rate to Iraq’s currency – Everything we are seeing is powerful evidence that the monetary reforms are on the table and they are knocking them out….

Samson – Dinar Guru  Article:  “Legal violations’ in the work of the Central Bank prompt demands to replace its governor, Ali Al-Alaq”   Quote: “Today, Saturday, the economic expert, Abbas Al-Bassel, stressed the necessity of replacing the Governor of the Central Bank of Iraq...”