Dinar Observer Daily

Clare – Dinar Guru  Article “Al-Alaq: Central Bank packages contributed to the stability of the dollar exchange rate”  Quote “Ali Al-Alaq, announced the stability of the dollar exchange rates after the three packages launched by the bank during the last period...The central bank’s reserves depend on oil revenues through the sale of oil, as it is the source of foreign currency reserves that come from Iraq’s oil exports. It is the main factor in determining the reserves,” noting that “the central bank’s reserves are within international standards.”

Sandy Ingram – Dinar Guru   The bank made an announcement that travelers in Iraq should come to the bank during business hours to exchange currency for U.S dollars.  It appears the money shortage of Iraqi dinars is over especially since Iraq will be paying its debts to Iran using another currency other than U.S. dollars.

Samson – Dinar Guru  Article:  ”The U.S. Senate voted overwhelmingly…to push forward with legislation to overturn two decades-old mandates to wage wars in Iraq as Congress seeks to reaffirm its role in deciding to send troops to fight…The vote ended with a score of 65 to 28, more than the necessary 60 in the 100-member Senate, paving the way for a vote…”

Pimpy – Dinar Guru  Is the IQD on life support?  Yeah it is…Currencies around the world are being crushed right now by the US dollar.   That’s a fact.  Not to mention the fact that on the open market/black market rate…at one time was 1750 dinars.  It dropped down to 1500 which is a good moment but…1300 dinars for every dollar is the official rate.  I think one of the ways to combat that would be to continue to increase the value of the IQD.  Move it from 1300 dinars for every dollar down to somewhere around 1050 dinars for every dollar.  It’s a huge jump.  It’s big.  It’s not small.  That’s big.

Militia Man – Dinar Guru  In the final stage, what we’re expecting is the education of the citizens.  On the street we’re hearing that the citizens have been told about new things that are coming and it has to do with their currency.  Not money but currency. 

Clare – Dinar Guru  Article:  “Advisor to the Prime Minister: Iraq’s economy is strong and moving towards improvement”  Quote:  “Salih reassured the Iraqis that Iraq’s reserves are sufficient and freedom of transfer is available through legal frameworks and compliance, as imports are made at an exchange rate of 1,300 dinars to the dollar, which gives strength to the Iraqi dinar… The central bank’s reserves today are around $115 billion, which is the largest reserve in the country’s history.”

Mountain Goat – Dinar Guru   Article:  “MINISTER OF TRANSPORT: THE GOVERNMENT’S VISION ASPIRES TO TRANSFORM IRAQ INTO AN INTERNATIONAL TRADE CENTER BETWEEN ASIA AND EUROPE”  …I told you that Iraq is going to be a huge clearing house for the middle east between Asia (China) and Europe (EU).  So here it is now in black and white from their own news media. Their words not mine….  No Rumors, No Hype, No Opinions…Just the FACTS!  They can not possible continue with this approach with a program rate and not being an internationally traded currency.

Henig – Dinar Guru  Article:  “The Ministry of Planning discusses the effects of changing the exchange rate on the Iraqi market”  Quote: “The meeting discussed a number of proposals and recommendations, which aim to address the repercussions of changing exchange rates on the economic and trade movement…the ministry will submit its recommendations to the Council of Ministers in the near future.  Prime Minister Mohammed Shia al-Sudani had directed that the Ministry of Planning study the effects of changing the exchange rate on the Iraqi market.“

Militia Man – Dinar Guru  They have an agenda…to get their financial system…ceasing the multi-currency practices – which is not using the dollar.  It’s going to be using the dinar but they’re also going to be able to clear on new platforms, all these different currency of the world. 

Clare – Dinar Guru  Article:  “Al-Sudani’s Advisor Determines, Via Earth News, The Date For The Disappearance Of The Dollar Price Difference”  Quote:  “...Salih, set today, Tuesday, a date when the difference in the price of the dollar from the central bank will be removed from the market… The exchange market in Iraq is still gradually adapting to international compliance controls in financing foreign trade for the private sector…we find that the country is still dealing with two exchange rates, which is a very temporary matter that will disappear over time.”

Pimpy – Dinar Guru  Article:  “USD/IQD rate declines in Baghdad, Erbil”  The U.S. dollar is continuing to gain ground on the Iraqi dinar.  This is not good.  This is out of whack...the Iraqi dinar is not gaining in value versus the U.S. dollar and it’s going in the wrong direction…

Mountain Goat – Dinar Guru   Article:  “PARLIAMENTARY WEALTH: ALL ROADS ARE OPEN TO PASSING THE OIL LAW IN PARLIAMENT”  Quote:  “A member of the Oil, Gas and Natural Resources Committee, Kazem Al-Tooki, revealed that there are parliamentary efforts to pass the oil and gas law soon, indicating that all roads are clear towards passing the law.”  This article is music to me when I read it…Yes we waiting so long to see this. Finally!!! Go RV!

Mountain Goat – Dinar Guru   From my contact at the CBI:  In the Mosque last Friday, they talked about the dinar once again. They told the people the dinar will “soon” be on the level of the other middle eastern currencies. So this explains to us why they published in Iraq that list of the top ten powerful currencies and it list the top 4 as middle eastern currencies …Then to make our news even better, they said…that the “newer notes of lower numbers” meaning the new lower denominations would be out in public to support a new rate change. Folks they are preparing the public to what is about to come.  [post 1 of 2]

Mountain Goat – Dinar Guru   If this was not all amazing news out pops an article about the coins and I quote – “issuing coins in order to restore the value of the small currency, which has become worthless in daily transaction”…for Iraq to now be talking about bringing back the coins is yet another sign they must first change the rate to give the coins real value…we know these coins are available and ready for distribution.  [post 2 of 2]

Militia Man – Dinar Guru  Alaq…when he’s saying he’s got 70 trillion dinar outstanding, he’s not necessarily saying he’s got 70 trillion physical because they don’t have that.  They didn’t print 70 trillion in cash and coins…you have to be careful with the M1 and M2 description… value is the key point…

Pimpy – Dinar Guru  Any other news being reported if it doesn’t come from the central bank is just B.S.

Nader – Dinar Guru  This new rate [1132] has been approved by everybody besides parliament.  Parliament have to approve it now and that’s it.

Sandy Ingram – Dinar Guru  The real reason for the IQD RV delay…Iraq is expanding its tourism industry.  If they can maintain safety for global travelers both Christians and Muslims from around the world have Iraq on their ‘bucket list’ of places to visit.  Why?  Because Iraq is important to both religions…This will lead to a massive number of US dollars and other global currencies.  The IQD to the US dollar is 1300 dinar to 1 US dollar…US expats receive income in US dollars and we spend in the currency of the country we are in.  We live well on less…Now ask yourself, ‘Would you be quick to increase the value of your currency if you were Iraq?’

Militia Man – Dinar Guru  Triple zeros don’t need coins.  They don’t need small denominations but yet they spent $50 million on it in 2018.  Don’t be alarmed to see them make an adjustment again for the currency to help the citizens out one more time.  It’s very possible we could see that happen.  Let’s just say they moved it back to 1100 or 1000 in a short period of time they would only do that to help the citizens.  If they don’t and we see something different, in a bigger way, I think you’ll get the picture…

Clare – Dinar Guru  Article:  “Al-Alaq: 70 trillion dinars outside the banking system, and our next focus is on small projects”  Quote: “there are more than 70 trillion dinars outside the banking system for circulation, and this is a very large amount and represents a high percentage of the gross domestic product, so it is necessary to focus in the next stage on finding the necessary means to activate the deposit movement through several procedures in this regard.“

Nader – Dinar Guru  Tomorrow it’s Ramadan… What’s happening between now and after Ramadan it’s big.  Everybody’s gonna be happy with it.  The rate is gonna be 1132 for sure.  It’s gonna go down this month maybe…

RVAlready – Dinar Guru   This now seems fairly straightforward – finish re-educating on the new currency in Iraq, and release the RV. Feels like we are about done.

Breitling – Dinar Guru   It’s always been strange.  When we first got into this and I started reporting on it there was more a buzz coming from Iraq, ‘when are they going to add value?’ than there is today.  But today they’re in a better position to do it.  So it’s kind of strange.  

Henig – Dinar Guru   Article:   “Political insistence on enacting law ‘postponed’ 16 years ago – urgent”   Quote:   “the law has remained for 16 years in the shelves of parliament, but the political agreement stipulated that it be passed, and this is what was included in the government program of Prime Minister Mohammed Shia al-Sudani as well.  This law has become an urgent legislation because oil belongs to all the Iraqi people, and this law will guarantee the right for all…Halbousi added, the good relationship between the federal government and the regional government will soon push the legislation of this law.“

Clare – Dinar Guru  Article “Ali Al-Alaq to Shafaq News: Wait for a decrease in the exchange rate of the parallel dollar”  Quote “The Governor of the Central Bank of Iraq, Ali Al-Alaq, expected, on Tuesday, a decrease in the parallel dollar exchange rate (the market price and local exchange rates) during the coming period…The parallel price means the exchange rate of the dollar in the market and exchanges, and not the official price set at 1132 dinars per dollar, according to the decision of the Board of Directors of the Central Bank of Iraq, which was approved by the Council of Ministers.” [NOTE:  The official CBI rate is 1310…this article states 1132.  Is the article an error, leak or foreshadowing what is coming? ]

Militia Man – Dinar Guru  Alaq the central bank governor came out today and he talked about that they have more than 70 trillion dinars outside the banking system for circulation….I believe he’s saying in value terms – that they have 70 trillion dinars worth of assets or value out there.  So be careful when you see that and you read it…I think…when he says he has 70 trillion dinars he’s talking about he’s got a lot of money in assets.  That means he can support and defend his currency.  That’s my belief.  We’ll have to see how it turns out but it really does sound like it’s going in our direction.

Nader – Dinar Guru  I’m sure you all heard about the 73 trillion dinars…They’re talking about the 70 trillion we in America, Canada, Australia, France, Iraq, wherever in the world – we’re sitting on it and we don’t want to give it up…The good news here…to get the 70 trillion dinars back to the bank of Iraq they’re gonna have to come out with a very good rate…whoever hold(s)  the money [will be] happy.  

Samson – Dinar Guru  Article: ”Central Bank Governor: We have more than 70 trillion dinars outside the banking system for circulation“

Pimpy – Dinar Guru  Looks like the momentum is in favor of Iraq and this new government.  All the things we’ve been speaking about over the last couple days seem to be happening quickly…We got a 3-year budget now in the hands of the representatives.  It looks like we have an agreement between Kurdistan and the federal government of Iraq.  All seems well so far in Iraq.

Nader – Dinar Guru  “Fifth Baghdad International Dialogue Conference -US Ambassador…Iraq can reach energy  self-sufficiency in 10 years.  Some say in less time…approximately half of Iraq’s population is under 20…they want the skills necessary to compete in an increasingly connected global economy…they want a strong economy including a vibrant private sector that produces jobs…The United States is committed to help Iraq build its economic foundation...”