Dinar Observer Daily

Pimpy – Dinar Guru   Everything seems to be ending around 2025.  The tripartite budget will end by 2025, the United Nations Security Council mission to Iraq will end by then.  Also the end of 2025 is the projected end of the time for Saudi Arabia to end all their major projects that they got going on over there with those big lavish cities for the ultra rich to go hang out...

Samson – Dinar guru  Article:  “Al-Moussawi calls on Al-Sudani to end Washington’s control over the national economy and liberate the frozen funds“

Militia Man – Dinar Guru-  Article:   “The delete the Iraqi dinar zeros reoccurring invitation and existing challenges”  That was February 25, 2024.  It’s sill in the the news this year.  July 26, 2023 Al-Alaq said the project still existed... Quote: “When this is done correctly we can expect Iraq to become a strong dinar that is considered a store of value and perhaps even stronger than the dinar that was before 1980.”  That’s a pretty big deal…

Kaperoni – Dinar Guru    Article:   “Iraq welcomes UN Security Council’s decision to terminate UNAMI mission”  Quote: “On Friday, the Iraqi government welcomed the UN Security Council’s unanimous decision No. 2734 to end the mandate and mission of the United Nations Assistance Mission for Iraq (UNAMI) by December 31, 2025.”

Sandy Ingram – Dinar Guru   No one in the Middle East wants big daddy America to make Iraq wealthy. Oh, wait, Iraq is already wealthy.  It’s just a matter of maximizing, investing and building the infrastructure for long-term wealth…It’s only a matter of time before Iraq opens the gates to massive success

Pimpy – Dinar Guru   Article:  “UN Security Council extends mission in Iraq for last time”  The United Nations Security Council voted to end the Iraq mission by the end of next year, 2025.  The UN will not be babysitting Iraq anymore. That goes a long ways towards them establishing their sovereignty.

Clare – Dinar Guru  Article: “Al-Mandalawi after voting on the budget tables: Parliament will follow up on disbursing the specified financial amounts“.  The Acting Speaker of the House of Representatives, Mr. Mohsen Al-Mandalawi, congratulated the approval of the federal general budget schedules for the current year, stressing that the presidency made great efforts with the Parliamentary Finance Committee to expedite its completion and vote on it during the current legislative term, due to its importance in terms of its direct connection to the lives of citizens and its relevance. The document includes strategic, investment and service projects.”

Samson – Dinar Guru  Article:  “Sudanese Advisor: Ending the UNAMI mission represents a ‘historic achievement’ for Iraq“

Clare – Dinar Guru  Article: “Parliamentary Finance for Nina: We approved the budget schedules as received from the government, except for the governorate allocations.“  Quote:   “The Parliamentary Finance Committee announced that the schedules of the general budget law will be passed as soon as a quorum is reached in the House of Representatives session scheduled to be held this evening, Monday.”

Mountain Goat – Dinar Guru   “The head of the Iraqi Private Banks Association, Wadih Al-Handal, confirmed…the effort to open more prospects for work with correspondent banks, while indicating that the joint committee with the American side regarding the banking sector will begin its work next week.”   Folks this is all positive news and exactly what we should expect to see at this point in time. Yes, it is now all about the Banking Reforms. This is what is going to get the dinar to officially pass the dollar. We already know the value is greater and so now we just need to go through the motions to get it recognized to its true value.

Militia Man – Dinar Guru   Article: “Parliamentary Finance resumes its meetings regarding the budget in preparation for voting on the schedules”  Quote: “Parliament decided, according to the agenda, to hold its twenty-seventh regular session next Monday...”   I am not sure how long voting will take on the paragraph. But, if they are going to vote to do a budget at 1310 that would have a deficit of 64 trillion that would not be good for the people and they want to see another term in office they’ll need the 3 zeros to be removed from the exchange rate. If there isn’t a removal by Al-alaq they’ll be in a pickle be sure.

Nader – Dinar Guru  ‘Nader you said it was going to happen in June.’  No I didn’t say in June happen.  I said June they’re a possibility for them to work on the dinar because each time they worked on him it’s between June and August…They created a new white paper.  They’re going to start working on the exchange rate and I think from here to the 8th of July.  We’ll see what’s going to happen.

Militia Man – Dinar Guru  That vote is prior to markets opening in the United States in New York.  Will they vote?  Will they do it?  We’re going to find out

Pimpy – Dinar Guru  Article:  “The document..The House of Representatives votes next Monday on the budget schedules“  Finally after all this time.  There was a huge delay.

Militia Man – Dinar Guru  The totality of the Development Road Project, 1310 is not going to work.  They just don’t have enough money printed, period.  They just don’t.  We’re going to have to see how all that ties in with the budget because one of the things that’s still on the table is the Delete The Zeros Project.  If that’s the case trillions turns into billions quite quickly…If they do what they say they’re going to do it becomes far far cheaper.

Samson – Dinar Guru Article “Iran: Iraq is one of the richest countries in the Middle East”

Pimpy – Dinar Guru  I don’t think it’s going to RI but it definitely will revalue, without a doubt it’s not going to be reinstated.

Militia Man – Dinar Guru  The House of Representatives will vote next Monday on the budge schedules…We’ve been waiting for it… Is it important?  Is it not important?  Obviously it’s a focus.   Article Quote: “Mustafa … announced the House of Representatives intends to vote on the financial budget tables for the year of 2024…It will be held at 3:00 in the afternoon on Monday.” 

Samson – Dinar Guru    Article:   “The Finance Committee confirms the approaching end of its work on the budget tables: We are ready for Monday’s session”  House of Representatives are under the gun – Monday 3:00 PM Baghdad Scheduled for a Vote.

Clare – Dinar Guru Article: “Parliamentary Finance confirms the readiness of the budget tables for voting in Monday’s session“

Tishwash – Dinar Guru  Article:  Quote:  “...Iraq is considered one of the richest countries in the Middle East, in that it possesses 85 billion dollars in foreign exchange reserves, 130 tons of gold reserves and 147 billion reserves, confirmed from a barrel of crude oil (ranked fourth in the world), explaining that it achieved from selling crude oil an income equivalent to $76 billion in 2021, and $120 billion in 2022.“

Dinar Investor – Jeff   I’ve seen quite a few different investors out there that are super excited that Iraq was going to be approving their budget within parliament Monday…That’s a huge misunderstanding on your part if you’re excited…The budgets are calculated off the value of the currency.  When a budget is implemented or while the budget is implemented the rate cannot change…If this budget got approved Monday, the next time they could change the currency…rate, they would have to wait until mid-year (September or October) or a new budget period of 2025 (March to April)…Once this budget gets approved, that’s the currency value that’s locked in it…It can’t be magically changed…It doesn’t work that way.  

Kaperoni – Dinar Guru  Iraq doesn’t prosper by raising their exchange rate, Iraq prospers by creating the conditions for the world to invest in Iraq.  A country’s exchange rate ultimately is a reflection of that success, not the other way around.

Militia Man – Dinar Guru  I don’t think anybody’s going to be able to prove me wrong, you drop the three zeros, the exchange rate changes from 1 USD to 1.32 just like al-Sudani says.  Do the math it comes out to .76, apply the real effective exchange rate and that’s where the show starts big time… .76 is $0.76 – it’s slightly less than the dollar.  That’s value.  It’s not .0007 something.  It’s value.  That’s what they’re talking about – Bringing value to the currency.  That’s what Al-Alaq is there for.

Pimpy – Dinar Guru  Article: “Iraqi Dinar:  IBBC issues major new paper on De-Dollarization of Iraq”  There’s a new study/report that has been released…As you can imagine it talks about the currency state that Iraq is in, steps that need to be taken to improve the situation and of course there’s talk about the exchange rate…

Nader – Dinar Guru  Iraq wanted to de-dollarize.  They start de-dollarizing in January but it didn’t work for them too much.  The government didn’t expect that to happen even by telling them that the dinar are stronger…use the dinar instead of the dollar for the benefits of the country.  They tried everything.  Now, they said that plan didn’t work so they come out to the new white paper…They realized they cannot do nothing without changing the exchange rate.   [Post 1 of 2]

Nader – Dinar Guru They’re going to have to go down in the exchange rate for the de-dollarization…They’re going to have to change their exchange rate…Between now and 8th of July we should have an answer… what they going to do?  Are they going to change the exchange rate…keep it the same…go up…go down?  I think they’re going to have to go down on the exchange rate a lot for them to take off the dollar from the street.  [Post 2 of 2]

Clare – Dinar Guru  Article: “Professor Frank Gunter launches a new white paper on de dollarisation of Iraqi economy.”

Mountain Goat – Dinar Guru   I wanted to share an interesting conversation I had…with my CBI contact this past Wednesday…I was told that the committee to work on the Project to Delete the Zeros has sent the CBI prepared articles to the news media for the sake of educating the citizens on the upcoming process. However, they are dated and so they are for the near future and not for current news.  Yes, they are getting ready and moving ahead.

Yada – Dinar Guru  Article: “Parliament sets next Monday as the date for the session to approve the budget schedules”  …we are not waiting on their vote, their vote will happen after the release of the rate. IMO, the rate for the budget voted upon in June 2023 is what we are about to see…any moment. The budget they vote on on Monday is the rate change for the newest contract since Jan 24 this year…All the more expecting to see the rate any moment now.