Dinar Observer Daily

Mountain Goat – Dinar Guru   Article:  “TRADE BANK OF IRAQ ANNOUNCES THE IMMINENT OPENING OF A CASH DEPOSIT CENTER IN KARKH”  I would definitely call it a “WOW!” article. So why am I excited today when I read this article? …they are now in the beginning stages of setting up these “cash centers” specific to collecting the stashed and hoards of dinars outside the banking system…this center receives all cash deposits only for all customers…  [Post 1 of 2…stay tuned]

Mountain Goat – Dinar Guru   Remember…the CBI needs to shrink the monetary mass by two-thirds (2/3)…it appears they are now beginning to bring in their hard currency to the banks for deposit…I was told [by my CBI contact] that this process is part of the Project to Delete the Zeros and her committee is now working with the banks to retrieve this hard currency…the Project to Delete the Zeros has begun…WOW! WOW! WOW!   [post 2 of 2]

Samson – Dinar Guru  Article: “Governor of the Central Bank of Iraq discusses with the German Ambassador enhancing the financial inclusion plan in Iraq and digital transformation“

Clare – Dinar Guru  Article Quote:  “Laying the foundation stone for the largest skyscraper in Baghdad”   “The Baghdad Municipality is proud to give approval for the first skyscraper in the heart of the capital, Baghdad, within the new Downtown complex of the city of Baghdad.“

Samson – Dinar Guru  Article: “Deputy Spokesman for the UN Secretary-General: Census results must be used for development“

Militia Man – Dinar Guru  Article: “World Trade Organization in Geneva 2024 was held on July 18th.”  That’s just a few months ago… Quote:  “The significance of this is it marked the formal resumption of Iraq’s accession  process to the WTO after a 6-year hiatus.”  They have intensified the bilateral negotiations for the accession…There’s a push now and they will need to be an internationally accepted currency in place ahead of the accession.

Mountain Goat – Dinar Guru  Article:  “IRAQ EXPORTS MORE THAN 54 MILLION BARRELS OF OIL AND ITS DERIVATIVES TO
AMERICA”   …the best part is that Iraq is now refining their own oil and selling not only raw crude oil exports but now running refineries to generate oil products (or derivatives) and exporting them too.

Breitling – Dinar Guru  What was it I was looking at very specifically in Iraq that gave me confidence that they were going to add value to their currency, outside of them just saying that’s what they’re going to do, Out side of it being an artificially inflation because the inflation was created by the amount of dinar they would print and mint And outside of their US dollar accounts, remember their oil is sold in US dollars and those funds are held in a federal bank in New York City?  So what was it that gave me confidence…?  ...My whole thing is trade and trade routes…You follow the trade routes, you follow where the wealth is at or potential wealth coming down the road.  That’s what I was watching.  You had trade coming down from India and going through Iraq…Iraq up to Turkey and Turkey to the European markets.  That’s what I had confidence in.  I knew that.  They had to put it together…

Militia Man – Dinar Guru  A new [financial] system that is fast and effect – digitally.  Hopefully they’re talking about they’re going to have to have an exchange rate to do that. A Real Effective Exchange Rate gets them across borders.  From here on out a different playing field, a digital playing field.  I think that’s where we are.  I think it’s really powerful information.

Clare – Dinar Guru  Article: “Al-Sudani sends a message to the US President: We are on the verge of a dangerous slide”  Quote:  “Iraqi Prime Minister Mohammed Shia al-Sudani said in a letter addressed to US President Joe Biden and the European Union countries, on Sunday, that the region is on the verge of a dangerous slide that could drag it and the world into ongoing wars.“

Militia Man – Dinar Guru  If you add up the oil, non-oil, tourism, all of the thing that’s where they’re going to be able to support the value of their exchange rate with a Real Effective Exchange Rate – Once approved by the IMF, Bank of International Settlements, The World Bank…This is really getting hot!

Kaperoni – Dinar Guru   Article:  “International Praise for the Central Bank of Iraq: A Model for Developing Strategies that Serve the Development of the Banking Sector“

Pimpy – Dinar Guru  Article: “Customs: Our revenues during 7 months of this year exceeded one trillion dinars”  This is awesome to see!  The crazy thing is, I remember in 2018-2019 this was one of those problem areas for Iraq.  There was a lot of illegal activities, a lot of bribing going on… Quote “the authorities hope the revenues will reach 2 trillion by the end of this year…”  That’s one hell of an increase…

Sandy Ingram – Dinar Guru   As of August 2024 the United States debt is $25 Trillion.  Income taxes…by the end of the year the US will have collected $5 Trillion.  The US government will spend $6.3 Trillion this year.  This means the government has overspent by around $1.9 trillion dollars.  The US is off budget…The government cannot lower its annual budget.  It will more than likely pursue higher inflation and we will have to survive this financial situation… The Untied States hold 35 billion Iraqi dinars.  An increase in value of the IQD will go a long way in paying down the US national debt…

Militia Man – Dinar Guru  World Bank Article: “Iraq has made progress in improving their business environment making it globally competitive”  The World Bank is telling you, the world, Iraq is globally competitive so they’re going to have to be Article VIII, Article XIV compliant with the IMF’s concerns when it comes to their exchange rate.   Is this a precursor to a move?  It sounds like it. 

Mountain Goat – Dinar Guru   I was also told to watch for yet more articles in the news about the project to delete the zeros but to be aware that ONLY the ones coming from her committee on this subject matter can be trusted. As you know my contact works on the committee from the Central Bank and it has been given the task of ensuring a smooth process. I was also told
that in late November or early December we will see the newer lower denominations and their pictures and features depicted on the CBI site. The ending of the currency auctions at the end of 2024 will also be signal to us that everything is moving correctly and we should see the IQD returned or reinstated back to FOREX in early 2025.

Clare – Dinar Guru  “2024 Census.. Planning receives 125 thousand tablets and stresses the confidentiality of citizens’ data” Quote: “The past few days witnessed the arrival of 125,000 tablets to the ministry, which will be distributed among researchers and enumerators in the governorates to conduct the general population census that will be implemented on the 20th and 21st of next November, noting that a curfew will be imposed on these days to facilitate the procedures of the census employees.”

Samson – Dinar Guru  Article: “World Bank: Iraq has made progress in improving the business environment, making it globally competitive“

Militia Man – Dinar Guru  Article:  “Central Bank Governor: New mechanism for financial transfers to Türkiye in euros launched” The amount of coordination that must be on going behind the scenes must be intense now.

Mountain Goat – Dinar Guru  Prime Minister Mohammed Shia al-Sudani confirmed from New York that the currency sale window will close at the end of this year, while revealing the government’s intention to establish a new bank that adopts the latest technologies. WOW! WOW! We have been waiting for this for decades. Now it Is reality. Finally!!

Militia Man – Dinar Guru  If you’re going to create value, you’re going to have to have smaller denomination and you likely will have to have  coins.  There’s no need for coins if you do a lop.  There’s none.  They will not ever do that and the reason why is because how in  the world could you get by with a one note and the value of it at .0007.  Come on.

Samson – Dinar Guru  Article: “The Central Bank of Iraq warns exchange companies against receiving a commission of  more than 25,000 from selling the dollar to travelers”

Pimpy – Dinar Guru  As you’re aware Iraq has some issues with protesters charging the US Embassy.  I’m glad it has not escalated. Iraq has been doing a great job about staying out of all these little conflicts.  We don’t want them to get involved in these conflicts.  They need to stay on a straight and narrow.  They’ve been doing a great job of this.  Let’s hope that continues.  This would be good for both the dinar as well as the stocks.

Mountain Goat – Dinar Guru  Prime Minister Mohammed Shia al-Sudani expressed, on Thursday, Iraq’s readiness to enter into a partnership with American companies in the oil industry sector, revealing at the same time his government’s intention to establish a new Iraqi bank. This came during his participation in New York…can the news get any better? Finally the US is engaging Iraq and seriously taking on partnerships, especially in the energy sector. So we know if the US is invested in Iraq something is up….

Militia Man – Dinar Guru   ...Remove the zeros…it’s not to diminish the value of the currency or to keep the currency the same as you might hear from others.

Kaperoni – Dinar Guru  Article: “Developing the banking sector according to international standards… The Central Bank signs an agreement with the International Finance Corporation“

Sandy Ingram – Dinar Guru  Article: “Iraqi resistance ‘ready for open war’ against Israel after Lebanon attacks”  As Iraqi dinar investors … the headline we’ve wanted to avoid.

Militia Man – Dinar Guru  They’re talking about international.  I can’t stress that enough…They’re going to need an Article VIII complaint, Article XIV compliant currency with the IMF.  They’re going to have to agree to those obligation and that would mean a change of exchange rate to a Real Effective Exchange Rate.  

Samson – Dinar Guru  Article:  “Al-Sudani orders immediate investigation into missile attacks on Baghdad airport”   Article 2:   “Interior: Arrest of the commander of the force holding a site in Al-Amiriyah from which missiles were launched at Baghdad Airport“

Mountain Goat – Dinar Guru   I am telling you that I know with 1000% certainty we will NOT see the RV until after the Nov 5th voting…In a conversation with my CBI contact on Saturday I was told that if all goes well in the US elections, we can expect to see the preparation gearing to the reinstatement by the start of the project to delete the zeros and the swap out of the larger notes for the smaller denominations. I was told this is now planned to begin shortly after the voting is over and the winners are announced.  I was told we might have to wait for the inauguration ceremony to conclude to see the reinstatement occur.