Dinar Observer Daily

Clare – Dinar Guru   Article:   “The Minister of Commerce discusses in Abu Dhabi with the World Trade Organization the completion of procedures for Iraq to join the organization”  Quote: “The organization is looking forward to and following the steps for Iraq’s accession carefully, given that Iraq is one of the important and powerful economies that is still outside the organization, and that Iraq’s presence within the organization’s membership will be a great added value to the organization and to the global economy.”

Sandy Ingram – Dinar Guru   Iraq and Turkey have an agreement where people and cargo can begin travel…up through Iraq…into Turkey and…into the Mediterranean Sea, which will allow…faster access to Europe.  This project is expected to increase Iraq’s GDP, provide thousands and thousands of more jobs and kickstart Iraq’s economy foundation outside of the oil industry. 

Samson – Dinar Guru  Article 1: “The Minister of Commerce discusses with the Director of the International Trade Center the formula for joint action and support for Iraq to obtain membership in the WTO”  Article 2: “For the first time in 20 years…Iraq participates in the Ministerial Conference of the World Trade Organization”

Militia Man – Dinar Guru   Article quote:  “Deleting the zeros…does not conflict with its value but needs educational campaigns to proceed it and a traditional period for trading the currency with zeros and the new currency to know the two currencies are equal in value.”   If they are going to be equal in value…a dinar is a dinar is a dinar.  A dollar is a dollar.  When it comes to an international stage a dinar is not a dollar, nor is a dollar a British pound or a Japanese yen.  There’s a difference in value.  Are they one of each?  Of course they are...But are they valued the same?  Absolutely not…

Mountain Goat – Dinar Guru    …Iraq is finally breaking the news all about the Project to Delete the Zeros. This is fantastic news but just news for now. The actual execution part is coming and I was told by my weekly call to my CBI contact in Iraq on Saturday, that it will be VERY SOON!

Goldilocks – Dinar Guru   Article quote:  “Iraq is participating for the first time since 2004 in the Ministerial Conference of the World Trade Organization, which is held in… The capital, Abu Dhabi,”  Iraq is currently participating in the World Trade Organization. Their potential membership is moving forward. As a full member of the WTO, they will need a rate to fully participate in this inclusion.  This is truly a monumental achievement for Iraq and something the world has been waiting for for a long time.  …There are high expectations that full acceptance into the WTO for Iraq will happen during this meeting taking place…

Militia Man – Dinar Guru  Article: “The Central Banks show that the amount of printed currency decreased by 1trillion between November and December 2023”  They’ve been reducing their money supply for 20 years… They’re telling you specifically they have been, in the trillions…  Less supply means more value…They’ve been doing what we said they were doing.  They’ve reduced the note count.  We’re going to see what the accurate numbers are and we’re probably gong to see that in valuation of the Iraqi dinar.

Clare – Dinar Guru  Article:  “The Prime Minister of the Kurdistan Regional Government arrives in Washington on an official visit”

Paulette – Dinar Guru  IMSO…now that the Federal Court ruled, the Oil and Gas Law is no longer needed.The court wrote the entire Oil and Gas Law in one decision.  All government employee salaries are paid through Baghdad and all oil and non oil revenues of Kurdistan go to the Federal government.  Nothing more to say or agree to.  “Binding and Compelling”.

Pimpy – Dinar Guru  The deletion of the zeros is not off the exchange rate…I’ve showed you in writing.

Militia Man – Dinar Guru   Question:  “Does deleting the currency zeros affect its value?“  Of course it will.  Quote:  “Currency zeros do not conflict with its value.”  Of course it’s not going to conflict.  You delete the zeros, is that a conflict?  No.  It brings purchasing power.  If you deleted the zeros and there was no gain that would be a conflict.  How are you going to tell people for all these years we’re going to get purchasing power and then you do a LOP and there’s no value difference?

Clare – Dinar Guru  Article quote: “the prevailing proposal is to replace every thousand dinars of the current currency with one dinar of the new currency…The deleting zeros can achieve many benefits, the most important of which is getting rid of high inflation pressures on the economy and restoring confidence in the national currency and the monetary system as a whole, facilitating accounting processes and cash exchange between citizens, and reducing the cost of managing and maintaining the monetary block by reducing its volume under circulation”

Militia Man – Dinar Guru  They’re talking about deleting the zeros again…We’re not talking 1, 2 or three articles… Article quote:  “The issue of deleting the zeros and splinting the dinar has become a topic that causes a lot of reflection and controversy in economic circles...”   If you go from 1310 to something back to a ‘previous era’…is a big move…Article quote: “When this is done correctly we can expect…a strong dinar that is considered a store of value and perhaps even stronger than the dinar that was before 1980.”

tlm724 – Dinar Guru   Article:  “For The First Time In 20 Years…Iraq Participates In The Ministerial Conference Of The World Trade Organization”  Quote: “Iraq is participating for the first time since 2004 in the Ministerial Conference of the World Trade Organization…pointing to “the completion of the requirements for Iraq’s accession to the organization, which is the completion of the files of trade in goods and trade in services within the timetable for joining the global multilateral trading system.”

Militia Man – Dinar Guru  Iraq is going to explode with growth.  We all know that…You’re going to provide thousands  and thousands of jobs and build 10 industrial cities, millions of homes…it creates a lot of growth.  It creates a lot of jobs…

Pimpy – Dinar Guru   There’s no doubt this [Development Road Project] is going to turn Iraq into a transit center.  There’s going to be a lot of traffic going through there.  [But] Article quote: “Iraq has postponed the launch of its $7 billion development road project to early 2025...”  Hello, remember, don’t count your chickens before they hatch.  We are talking about Iraq.  This happens quite often.

Sandy Ingram – Dinar Guru  The interest rate in Iraq averaged 6.17% from 2004 until 2024 reaching an all time high of  20% in December of 2007 and a record low of 4% in March of 2016.  6.17% is a high rate, yet they still are having trouble getting  the Iraqi people to put their money into the bank.  Iraq does have a bank deposit protection program similar to the US’s FDIC.

Samson – Dinar Guru  Article:  “Washington: Senator Coons is holding important talks with our partners in Baghdad“

Militia Man – Dinar Guru  Article quote:  “…the prime minister’s…advisors do not have any information regarding the amount of the read and expected deficit in the 2024 budget.  This mater is completely closed until the moment exclusively with the Ministry of Finance.”   Parts of the government do not know yet what is coming.  Why?  Because they don’t have a need to know… Article quote:  “…no one know what they include… numbers and details.”  No one knows until the last moment.  Why?  Because they need to keep it tight to the chest.  

Nader – Dinar Guru   Did you see the article...?  Sudani visiting the United States Soon.

BGG ~ So?!?

Pimpy – Dinar Guru  I want to make sure people understand.  When they go, ‘why do you always talk negative about the dinar?’  I’m not talking negative about the dinar.  I’m expanding the truth to you.  I may come across as negative because you have been tuning in elsewhere…and your emotions are high…I’m going to tell you exactly what we need to look for and what it’s going to take for Iraq to get us there…There’s a lot of good news.  Let’s be happy about that.  More than I’ve seen in a long time.

Dinar Investor – Jeff  The starting point of the US interactions with Iraq was on March 17, 2003…Is it possible the US might end its actions with Iraq on the anniversary date of when it started…March 17, 2024?

Yada – Dinar Guru  Question:  Are we waiting for 5 pm…For Forex?  yada:  Not necessarily for the FOREX but for the markets to open. The lower denoms will be released after the rate change, almost seeming simultaneously. All the contracts from Davos, Baghdad forum, and now the OTC that closed on the 22nd, are all activated with the rate change.

BGG ~ If this person is “vaguely implying” there is an RV in the immediate future… forecasting as much based around various normal openings and closings of various markets, it is PURE NONSENSE!! Refer back to this post in a few days, weeks or months.

Samson – Dinar Guru  Article: ”Al-Sorgi: The Federal Court’s decision will accelerate the legislation of the oil and gas law“

Sandy Ingram – Dinar Guru  You have NOT, and I repeat, NOT been scammed as long as you purchased authentic Iraqi dinars and your dinars are not counterfeit.  If you purchased the exact currency used in the country today, then your dinars will spend just like any other dinar in Iraq today.

Dinar Investor – Jeff  The starting point of the US interactions with Iraq was on March 17, 2003…Is it possible the US might end its actions with Iraq on the anniversary date of when it started…March 17, 2024?

Militia Man – Dinar Guru  Iraq’s natural resources to stimulate growth is off the charts.  They’re right there underneath just a few countries… United States, Saudi Arabia…When it comes to valuation they’re going to have to value the currency at some point in time to a Real Effective Exchange Rate (REER)…

Wolverine – Dinar Guru  On Thurs. 22 Feb. the Central Bank of Iraq made an official RV announcement on TV:  Iraq will present a Sovereign coin and release it.

BGG ~ This is complete NONSENSE. They may have made a coin announcement, but to assure anyone “THIS IS THE RV”… is just more ignorant nonsense.

Pimpy – Dinar Guru  Community Comment “…Nothing is going to change until Trump is back in office period…”  Funny how people really feel if Trump gets in office then it’s going to happen for sure, which it might be a possibility but we thought that last time.  Nothing happened.  But keep your fingers crossed, we’re going to find out very soon.

Dinar Investor – Jeff   In March the UN will be submitting their official, ‘We’re done’, ‘we’re ending our mission in Iraq’ report to Iraq...After Iraq has revalued is when it gets submitted and turned over to the Iraq government…