Dinar Observer Daily

Militia Man – Dinar Guru  The US Treasury will not wait.  They can act at a moment’s notice.  That is coming from the higher-ups.

Clare – Dinar Guru  Article: “With a large celebration attended by dignitaries, the opening date of the “architectural masterpiece” of the Central Bank was revealed”   Quote:  “It is scheduled for the end of this year or the beginning of next year, 2025, at the latest. The new building of the Central Bank will be opened as the first architectural masterpiece, with a height of (172) meters and includes (38) floors, containing offices, meeting rooms, and places.” Fortified warehouses for money and gold, in addition to various celebration halls and a theater.“

Militia Man – Dinar Guru  There’s been some blow back.  We have those guys who just don’t want Iraq to move forward because their cash cow goes away.  That’s what we’re seeing and that’s why it’s intense…The last few weeks have really been powerful…We are watching history being made.

Mountain Goat – Dinar Guru  … to get their currency reinstated for Iraq, it is an uphill battle. They must fight, fight these globalists. But some of the problems stem from themselves too as there are measures they could have taken to further manage the dollar, curb corruption and money laundering. But they didn’t.  There are also timelines in the strategic plan to get to the reinstatement that have not been met and need to move ahead now.

Militia Man – Dinar Guru  Article: “Iraq speeds up steps to join the WTO”  Quote:  “…the fourth round of negotiations to be held during the first quarter of next year.  This acceleration means that the negotiations are proceeding with rapid steps towards Iraq’s accession to the World Trade Organization…”  It’s leading you to believe they’re going to be doing acceleration and they’re going to go out to next year?  That’s not acceleration as far as I’m concerned.  It’s not at all.

Pimpy – Dinar Guru  Once a country re-denominates, they don’t just recognize the re-denomination in country.  It’s recognized throughout the world…Does it make sense that they’re going to have a different rate exchange in Iraq instead of out?  …You really believe that’s going to happen? …The poor people in Iraq are going to be like, wait a minute.  I’m changing 1,000s and all you give me is one new Iraq dinar note…only worth $3.21?  In the meantime if I just…went on a trip to…the United States that they would… exchange my old bank notes with the current exchange rate with the zeros on there giving me millions of dollars?   [Post 1 of 2]

Pimpy – Dinar Guru   Does that make sense to you?… No, once the re-denomination takes place it’s worldwide.  You might still have the old notes…but you’re not going to be able to exchange 1,000 dinars times a $3.22 rate.  That’s not what happens.  They make the conversion to the new Iraqi denomination.  So if you bring them a 1,000..it’s not 1,000 anymore, it’s only 1 dinar.  Then time the exchange rate of $3.22.  Here you go sir/ma’am, here’s your $3.22…Just use a little common sense…You would have this huge rush of people coming out of Iraq with their currency with all the zeros…going to the United States…and swapping it and becoming millionaires and then going back in their country and buying the new bank notes with their millions of dollars.  Does that make sense?   [Post 2 of 2]

Jeff – Dinar Guru  The World Trade meeting…July 18th, that’s their 3rd World Trade accession meeting.  They waited 16 years for that meeting.  16 years.  Reason why is because there’s conditions and requirement that have to be met for that meeting.  A tradable convertible currency…they cannot be under US/UN sanctions.  That’s why they’ve waited 16 years for that meeting...Everybody’s who’s on the board of directors and members board will only have until August 15th, this was in print, to get their comments submitted for this World Trade accession…

Militia Man – Dinar Guru  Article: “Paralyzed for 19 years.. Parliamentary optimism about passing the most important laws in Iraq”  Quote: “The oil and gas law is the most important of the suspended laws…this issue will be resolved in the coming days.”  There is absolutely no coincidence that this law is on the table now...We never know what the coming days will mean. However, with…where Iraq is in her reforms and the loss of revenues from the Kurdistan Region, the pressure has been mounting for results needing to take place and quickly. This is a very good sign of things to come and likely first or at the same time…

Jeff – Dinar Guru   Article:  “Oil MP rules out oil and gas law” I’ve been telling you guys the oil and gas law has been outstanding since 2005.  Quote:  “This law has been facing political dispute since 2005.”  There it is confirmed for you in print…That’s because this law is simply waiting on the rate to change.  It requires Iraq to have a tradable internationally recognized currency.  That’s it…

Militia Man – Dinar Guru  Progress has been intense because there’s some political opposition.  I think the US Treasury, Federal Reserve, Central Bank of Iraq, Al-Sudani…have been working to benefit the Iraqi citizens.  There’s been blow back…Iraq is not alone in having pressure… Unfortunately corruption has been a problem for many years.  Nothing new.  But that’s being changed so now it’s getting more intense...

Clare – Dinar Guru    Article:   “Iraq speeds up steps to join WTO”  Quote:  “The Ministry of Trade has doubled its efforts to join Iraq to the World Trade Organization (WTO) after participating in a wide round of negotiations that pave the way for full membership…Minister Al-Ghariri expressed his aspiration for the fourth round of negotiations to be held during the first quarter of next year…”

Pimpy – Dinar Guru  Article: “Minister: Countries in the region want Iraq to return as a global economic player”  We are very aware Iraq is still moving forward with its process into the World Trade Organization…Let them move forward because this will open up the door for them economically, strengthening the Iraq dinar…

Jeff – Dinar Guru   Did you know the US troops are going to start getting removed in the month of September?  Did you know Iraq will finish their accession to the World Trade in August? …They still have 150 laws that need to be done.  They have a whole bunch of projects they need to start…The budget is not published in the Gazette…Did you know completing and implementing the reforms is a World Trade requirement but yet they’re going to finish their accession in the month of August?  …everything is waiting on this right here [the budget]…

Militia Man – Dinar Guru  Article quote: “Parliamentary Oil and Gas Committee experts its optimism on Sunday about the imminent approval of the Oil and Gas Law which has been suspended for over 19 years.”  They’re telling you they have everything set up to where they’re going to do something…I like the fact they’re talking about it even thought it’s in the coming days…

Clare – Dinar Guru  Article: “He is 19 years old and the most important of 150 suspended laws… Will the powers give up the ‘golden paper’ in oil and gas legislation?”   Quote:   “The Parliamentary Oil and Gas Committee expressed, today, Sunday, its ‘optimism’ about the imminent approval of the Oil and Gas Law, which has been suspended for 19 years,”

Mountain Goat – Dinar Guru …the CBI very distinctly told us this procedure of the Project to Delete the Zero is NOT a lop…they described what a lop is and how it is used in times to relieve the stress on a currency due to hyperinflation…They are averaging now about a 3-4% inflation rate with the highest of 9% when they did the de-dollarization in 2023. So, the tool of the “lop” does not apply.

Jeff – Dinar Guru  Article: “Planning announces completion of 5-year development plan from current year until 2028”  What does this need?  Funding.  It needs budget monies…When you see a law of this caliber come forward, because this is the backbone to everything that’s going to happen.  This is the development plan for 5 years, that’s waiting for the rate to change… budgets to be approved.  This is telling you everything right here…This is your timing indicator to everything….the budget, the rate change, when they’re going to open up to the international world.  This tells you the timing to everything you need to know.

Sandy Ingram – Dinar Guru   Iraq did not follow Kuwait’s revalue path.  The Untied States pulled back on financial support for Iraq’s revalue shortly after the invasion was over when they made the decision that were not in alignment with economic growth for Iraq.  It’s been 20 years and the currency still has not been revalued…We are learning more about why including issues like the IMF will not support a currency adjustment until the county has more income streams outside the oil industry, implementing banking reform that ties into international banking standards and providing housing for the hundred of thousands of people who have been misplaced due to decades of war, not to mention…corruption.

Pimpy – Dinar Guru  Community Comment:  “If you have the old note with all the zeros on them, the Iraqi bank is obligated to give you the rate that’s on their screen.”  They’re not obligated to do crap.  Once this change [re-denomination] takes place then it doesn’t make a difference if you have dinar in country or out of country.  They have already told the world they’re removing the zeros off of the dinar.  So even if you have the old bank notes they already know that a 1,000 dinar is equivalent to 1 new Iraqi dinar.  Just because you have it outside of Iraq, you’re not going to get special privileges…They automatically do the conversion for you.

Militia Man – Dinar Guru  Article:  “The US Federal Reserve adopts a new strategy towards Iraq”  Quote:  “The US Federal Reserve will not be able to wait forever…There are federal measures that may occur at any moment.”  I think that’s pretty heavy you guys…This is where push comes to shove…There’s clearly pressure happening now with the CBI and the US Treasury...They can’t wait forever, the federal measures that may occur at any moment is a shot across the bow to be ready.

Samson – Dinar Guru  “The US Federal Reserve adopts a new strategy towards Iraq.. The dollar is threatened with rising to unprecedented levels“

Jeff – Dinar Guru   Iraq is talking out of both sides of their mouth.  From one side they’re saying, nope we have no intention of revaluing.  On the other side they’re saying, heck yeah we have full intentions of revaluing…

Mountain Goat – Dinar Guru   …the Project to Delete the Zeros and the Dr Shabibi plan… was developed by the CBI and the IMF…It is a sound plan and they told they will execute it “when the conditions are right”…the three zero notes are not being obsoleted after the deadline in Iraq is over to turn them in…These notes will be used for “interbanking of international transactions” …where large sums of cash must be transferred…The CBI told us this many times in articles…the CBI did tell us there will “probably” be at least a 10 year use of these notes by the banks for this purpose. Yes, eventually these notes will become obsoleted but we will be way out of this and exchanged by then.

Samson – Dinar Guru Article “Adopting a new mechanism for citizens to obtain their oil share electronically”  

Breitling – Dinar Guru  Hamas moving into Iraq, that’s still in play.  That is a big issue.  We’re not going to support Iraq in any way shape or form if Hamas shows up.  That’s a game changer…This [The Iraqi dinar] is an opportunity until  the day it’s not…With the Hamas thing right now it’s not off the table.  I don’t see a threat yet.  But I’m telling you that could be a big deal…If Hamas gets into Iraq, Iraq is in trouble.  Its oil is in trouble…Hamas being in Iraq is a game changer.   That’s going to shift the markets.  All we can do is hope and pray and watch. 

Kaperoni- Dinar Guru  One of the options in Iraq has been to create a new currency that will replace the existing  dinar. This is in essence a LOP or near neutral event. Not what we want to see.  

Pimpy – Dinar Guru  Community Comment “An old 1000 dinar will be worth $3.21 x 1000 dinar = $3,210.”  No it won’t.   Not at all.  They’ll just look at [your 1000 note] and know this is the old currency and you have to exchange it for the new  currency and if you don’t want the new dinars that fine but they’re not going to give you a $3.21 rate time this full amount.  They  [will] know the re-denomination has already taken place…They’ll give you $3.21.  That’s what you get. 

Jeff – Dinar Guru When they said the rate is going to be 1 to 1, they’re not telling you the value is going to be a dollar…They will never tell you what the exchange rate is going to be.  1 to 1 means the purchase power before the rate changes is going to be the same after the rate changes.  Before the rate changes a 25,000 dinar note will have the same purchase power as a 25 note after the rate changes…The exchange rate against the dollar is your multiplier.  Let’s say after the rate changes the new exchange rate is $3.00 for easy math…After the rate changes since all the currency has a value of $3…25,000 note times $3.00 would be worth $75,000 and after the rate changes a 25 note is worth $75.  It’s that simple.

Samson – Dinar Guru  Article:  ”MP rules out finalizing oil and gas law in 2024“