Dinar Observer Daily

Yada – Dinar Guru   Consider all this time the dollar was being removed from their economy, it was to create a demand for the dinar. The government offices and merchants were told not to use dollar or be arrested. And now with all the contracts from other countries come to Iraq, they will pay in dinar, creating more of a demand hence causing the market value to go up.

Henig – Dinar Guru  Article:  “A foreign newspaper: The Americans contacted the Sudanese more than (ten) times about the exchange rate and the smuggling of dollars”  Quote: “The newspaper said that US officials raised this issue several times with the Sudanese Prime Minister, the latest of which was by the White House Coordinator for the Middle East and North Africa, Brett McGurk, last Monday, and US Ambassador Alina Romanovsky was in close contact with the Prime Minister and held more than ten meetings. The exchange rate was always at the top of her list.“

Sandy Ingram – Dinar Guru   Iraq’s prime minister has dismissed the governor of the country’s Central Bank of Iraq and assigned its former chief of the CBI.  The Iraqi prime minister said he dismissed the head of the CBI in an attempt to assure public anger over a currency crisis that has let to an increase in the prices of goods.

Clare – Dinar Guru  Article:   “After dismissing him, the governor of the Central Bank, the Sudanese hints at a decrease in the exchange rate of the dollar”  Quote:  “The Prime Minister, Muhammad Shia Al-Sudani, relieved the Governor of the Central Bank of Iraq, Mustafa Ghaleb Makhaif, from his post, due to the continued rise in the exchange rate of the dollar and the bank’s inability to curb it.  Al-Sudani assigned former bank governor Ali Mohsen Al-Alaq to manage the central bank by proxy. The Prime Minister also referred the Director of the Trade Bank of Iraq to retirement and assigned Rabal al-Hamdani…Al-Sudani commented on the changes by saying: “The departments that have been assigned to the Central Bank and the Trade Bank of Iraq possess skills and will work to reduce the rise in exchange rates.“

RVAlready – Dinar Guru  Article:  “Prime Minister Mohamed Shia al-Sudani decided on Monday to relieve Central Bank Governor Mustafa Ghaleb Makhif from his post”   Article Quote:  “In a measure aimed at rehabilitating the Iraqi dinar and restoring its position in the local market, Prime Minister Mohammed Shia al-Sudani took a courageous and correct decision to reinstate former Central Bank of Iraq Governor Ali Mohsen Al-Alaq and dismiss Mustafa Ghaleb Makhif, who held a legal position in the bank…Observers are encouraged by this measure, which could put things back on track.”   Hopefully, this guy will straighten the CBI out.   RV comin down the track.

Nader – Dinar Guru  They said the 1st maybe the 2nd something will happen.  I don’t know what it is.  I wish I know what it is but something is happening.

Samson – Dinar Guru  Article:  “Shafaq News/ The Iraqi ministry of Interior announced the arrest of a group of forex traders on Saturday...A source told our Agency that the security forces were tracing a “gang of forex traders” involved in “manipulating the market and tampering with the US dollar’s exchange rate against the Iraqi dinar.”

Sandy Ingram – Dinar Guru  Urgent Urgent news…it is no longer just one or two stories about the money situation in Baghdad. It has become a major unique report news on the International feeds coming out of Iraq…it appears the United States government is placing checks on currency auctions…the check and balances system are hurting Iraq’s public finances.   [Post 1 of 2]

Sandy Ingram – Dinar Guru   Iraq is facing a deepening hole in its public finances because of a crackdown on corruption and dollar smuggling…The Iraqi government depends on the auctions to convert dollars…they sell oil in U.S. dollars and then they turn around and change it into the Iraqi dinar for the Iraqi dinar economy…the problem Iraq is facing now is Iraq does not have enough Iraqi dinars and because of this they do not have enough money to pay government workers salaries and other obligations.   [Post 2 of 2]

Firefly – Dubai wants to make Iraq like a trading infrastructure investment site – where Iraq is like a hub…this would be a tremendous boost to the Iraqi economy. FRANK:  Isn’t that something?  Dubai, the filthiest richest country in the world wants to make Iraq their financial hub.  Oh my gosh, rich people only hang around with rich people…Do you really think that they would make such an amazing enormous investment in your country at a program rate? …trust me they know what is happening with your monetary reform and they want a piece of it.

Henig – Dinar Guru  Article:  “How did the US “shock policy” affect the price of the dollar in Iraq?”  Quote:  “A report published by the American Wall Street Journal today, Friday, shed light on the dollar crisis in Iraq and the accompanying rise in the prices of food and imported goods…The newspaper quoted US and Iraqi officials as saying, “The Federal Reserve began last November to impose stricter controls on Iraqi commercial banks’ dealings in dollars, in a move aimed at curbing money laundering and illegal access to dollars to Iran and other countries subject to severe sanctions in the Middle East.“

Clare – Dinar Guru  Article “Al-Rashid Bank begins selling dollars to travelers through the Baghdad International Airport branch” Quote “On Thursday, the governmental Al-Rashid Bank began selling dollars to travelers through the Baghdad International Airport branch, at an amount of (5000) dollars per passenger, at a price of (1470) dinars per dollar.”

Militia Man – Dinar Guru  With all these convergences going on in Iraq gearing to do an exchange rate change I thing what we’re going to see is these convergences come together in a very very short period of time because of…the need for the hydrocarbon law, Article 140, Sinjar agreement, all of these different things are coming together.  The 2023 budget being next week, the World Trade Organization have had meetings today that included many countries not only Iraq , they’re all waiting on the exchange rate.

Sheila – Dinar Guru   …”they can now send money electronically and internationally just this week. From France to Iraq with no problem”  …Is this a sign?]   I absolutely believe that is a sign. I hear a delegation from Iraq has been here a week to work on putting the rate live in the system. And we have been over there in Iraq working on the rate to go live there as well. I hear the rate will be live on the 29th.  …You cannot trade on the NASDAQ with the ISX without having a rate. And that is the whole purpose of the delegation being over here…and at this point nobody should believe this wont happen until 2024…. Pay attention. We are all at the right place at the right time.

Samson – Dinar Guru  Article:  “The Iraqi dinar pays the price.. Washington cuts off the dollar smuggling route to Iran“ Putting a halt to Stealing USD.

Nader – Dinar Guru  Today for the first time since 20 years my mom is able to receive money directly from bank to bank.  What happened is, mom needed some money…I was in France.  I heard they accepting an electronic payments.  So I sent money to my mom from my bank in France through Iraq and she received it this morning!  I sent it yesterday morning and she received it this morning.  It’s amazing. [post 1 of 2]

Nader – Dinar Guru   I know it’s not a new thing but…before we’re not able to do that.  Now we are able to do that.   What’s weird is I’ve been watching the exchange rate.  The exchange rate 1670/1650 but when I sent the money it was only 1460…just like the normal rate. That’s good news.  Something has happened.  Something has happened tell you the truth. [Post 2 of 2]

BGG – Article:  “Saudi Arabia Says Open to Settling Trade in Other Currencies”  …Iraq is talking about their currency and it’s value almost every single day. The set of events I have discussed recently are now being talked about in MAINSTREAM outlets. Stick to news.

Pimpy – Dinar Guru  The truth of the matter is we have no idea how much Iraqi currency is in circulation.  I’ve read articles talking about for…5 or 6 years Iraq was spending somewhere in the neighborhood of a billion dollars…buying the dinars back and destroying them… [a] soldier was telling his friend that when he was in Iraq…he had to log in their currencies as they destroyed it.  As soon as he said that I asked him about it. I said, ‘You’re talking about the new [dinar]?  The dinars of today?’  He said, yeah.  [Post 1 of 2]

Pimpy – Dinar Guru   I said, ‘Did they say why they were destroying them?‘ He didn’t know why but their job was to protect their currency and so he had to log in a list of serial numbers and they were destroying it.  He said they destroyed a ton of it.  Even though it says there’s 157 trillion dinars that are in circulation how many of them are actually in circulation?  …that’s one of the question I have.  I know this for a fact Iraq was trying really hard to figure out what is and is not in the hands of speculators and how many dinars are actually out there… [Post 2 of 2]

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Clare – Dinar Guru  Article:   “The Wall Street Journal reveals the scenes of the Fed’s tightening of the dollar in Iraq”  Quote:  “the Federal Reserve Bank in New York began imposing stricter controls on international transactions of dollars by Iraqi commercial banks in November 2022, in a step to reduce money laundering and illegal seizure of dollars that go to Iran and other countries in the Middle East that are subject to severe sanctions.”  [Post 1 of 2]

Clare – Dinar Guru  Article 2:  “Iraq Economy Reels as U.S. Moves Against Money Flows to Iran — WSJ”  Quote:  “Iraqi banks had operated under less stringent rules since shortly after the 2003 U.S. invasion that toppled Saddam Hussein. Almost two decades later, American and Iraqi officials said they have decided it was time to bring Iraq’s banking system into compliance with global money-transfer practices.“   [Post 2 of 2]

Militia Man – Dinar Guru  They’re about to make a change and it’s expected not only by the citizens but also by the Ministries.  They’re all expecting something to happen from the CBI…

Henig – Dinar Guru  “The dollar has gone down… the dollar has gone down“… cheers from the audience as Al-Sudani entered the Basra stadium”  Quote:  “the audience chanted: “Download the dollar…Download the dollar“ in the dialect.”  IMO: Very poor translation in the headline there. It’s not past tense, as the headline wants to show. They’re calling for the Dollar to be devalued…

Sandy Ingram – Dinar Guru   Iraq is still under sanctions and has an ongoing agreement with the U.S. government.

BobTheTaxMan – Dinar Guru  The [Modern day]  IQD…replaced the previous currency that once had a value of $3.75 (that was an inflated price that was brought into play by Saddam.  It wasn’t justifiable and reality price)… [The IQD now] is considered to be under a managed float with little change in the value for the last two decades.  The value is small at this point in time.  The CBI…in recent years have stated they could support a $1.17…

Henig – Dinar Guru  Article: “Economic: Reducing the price of the dollar outside the ability of the government and the central bank”  IMO: This article is in the category of FUD: Fear, Uncertainty, and Doubt. By saying that there’s nothing anyone in Iraq can do about their own currency, they spread a feeling of hopelessness among the Iraqi people–and among investors in the Dinar. When investors feel hopeless, they start looking for the exits. That’s the point of stories like this…This is an intentional strategy. Recognize and understand.

Clare – Dinar Guru  Article:  “For the first time… $100 jumps over 165,000 dinars in Iraq ”  Quote:  “The exchange rates of the US dollar against the Iraqi dinar jumped today, Thursday, in the main stock exchange in the capital, Baghdad, and in Erbil, the capital of Kurdistan Region, to record more than 165,000 dinars.

Militia Man – Dinar Guru  All the things we’re seeing right now are pointing to a picture Iraq is about to make a move with their exchange rate and the reasons why they’re keeping it quiet is because it’s sensitive.  It’s not the CBI’s job to come out and tell you exactly what they’re going to do…