Dinar Observer Daily

Pimpy – Dinar Guru  Quote:  “1000 Iraq dinar will become a 1 new dinar.”  This is the deletion of the zeros…All they’re doing is removing the zeros.  A 1000 Iraqi dinar becomes a 1 Iraqi dinar.  Quote:  “The real shift occurs in the subsequent adjustment of the exchange rate…Internal studies predicting the floating dinar…could stabilize automatically at a value in the distant future between 3.22 and 4.25 dinar to the dollar.“  This is a prediction…Once it goes to a free float, that doesn’t mean cash your currency right away…We better pay close damn attention to what the market is determining as the value of the Iraqi dinar.  When it gets to a value you are happy with, then you rush down to your bank, hopefully by then there’s no restrictions and you exchange your Iraqi dinar for US dollars…Yes there is a reason to be excited.  I know now Iraq is going to first delete the zeros [off the NOMINAL value of a note].  We didn’t want them to do that but they’re saying in this article they’re going to delete the zeros first.   [Post 2 of 2]

Clare – Dinar Guru  Article: “Preliminary indicators: Al-Sudani leads the results of the special voting in Baghdad”   Quote:  “Initial indicators from the special counting centers for the special voting in Baghdad… indicated that Prime Minister Mohammed Shia al-Sudani topped the results of the special voting in the capital, Baghdad, within the Reconstruction and Development list participating in the 2025 parliamentary elections…the special voting process took place with high smoothness and clear organization in all polling centers“

Militia Man – Dinar Guru  I hope you are as excited as I am.  We’ve had really powerful information but I want to set the stage too.  We’ve been talking about the deletion of the zeros for a long time and Al-Alaq, the central bank governor, has told us he was going to launch a digital dinar.  He’s also reiterated the deletion of the zeros project still exists.  There’s an awesome article out.  Article “The Iraqi dinar without zeros: The central bank of Iraq launches a historic reform” Dr. Subhi Jabara.  Who is Dr. Subhi Jabara?  He’s a professional.  His background, he is an Iraqi economist and a financial analyst with over 30 years of experience in banking, monetary policy and economic development.  [Post 1 of 2….stay tuned]   [See why Guru Militia Man is excited about this article in Gurus tishwash and Clare posts below for Article details]

Militia Man – Dinar Guru  He [Dr. Subhi Jabara] holds a PhD from the University of Baghdad and has severed in senior roles including adviser to the Central Bank of Iraq and consultant for international organizations like the IMF, World Bank, the Middle East Financial Reforms.  He is known of for his work on currency stabilization and fiscal policy and post-conflict economies.  His key positions: former Deputy Governor of the CBI 2004-2006 during the post 2003 currency transition…The bottom line is he’s been around…Current independent economic adviser and frequent contributor to Iraqi media on topics like exchange rates and reserve  management…His expertise specializes in real effective exchange rate adjustments.  Isn’t that interesting?  At this time this is the person that’s talking to us?   [Post 2 of 2]    [See why Militia Man is excited about this article in Gurus tishwash and Clare posts below for Article details]

Nader – Dinar Guru    Article:   “Iraq Dinar: Govt Attempts to Preserve Value”   The only way to keep the value, to get the value stronger, is by change the exchange rate...The only way to preserve a value, to get better value, is by consign the rate and their money and their currency.  That’s the only way they can do that.

Pimpy – Dinar Guru  Al-Sudani has provided the most stable political economy and investment environment Iraq has seen in a very long time.  In order for this to continue, al-Sudani needs to be put back in office because if the coordinating framework puts in one of their own, I can guarantee you we go all the way back to square one.  These elections are something we need to keep an eye on…Let’s hope Sudani gets back in there because if he doesn’t there’s a good possibility we start all over with square one once again.

Militia Man – Dinar Guru   Article:   “Al Sudan balances US and Iran for stronger Iraq”   It’s a big picture situation.  The Prime Minister Al Sudani is working to keep Iraq independent balancing US and Iran influences to avoid wars and build a stable country.  Al-Sudani have been relatively neutral … He’s not stepping on any one party’s feet…He’s been very successful in that and I think the world knows that…He’s done a really good job.  In the polls I’ve ready he’s 60% win.  That’s pretty big.

Clare- Dinar Guru  Article by Dr. Subhi Jabara:  “The Iraqi dinar without zeros: The Central Bank of Iraq launches a historic reform”  Quote: “The Central Bank of Iraq has officially confirmed that it is moving forward with its long-awaited zero-zero project, a massive financial reform that will fundamentally reshape the country’s economy and its standing on the global stage…the Central Bank Governor emphasized that the project is not mere speculation but a concrete initiative that has generated considerable enthusiasm and interest in international financial circles. This ambitious project aims to rename the Iraqi dinar by removing three zeros from its nominal value to better reflect the country’s growing economic strength. This move, which has been the subject of rumors for years, is currently under active development…”   [Post 1 of 2….stay tuned]

Clare – Dinar Guru  Economists close to the central bank indicate that both options remain on the table. The choice will depend on the government’s strategic priorities, whether it favors a gradual, market-driven adjustment or a swift and decisive reset. Either path would trigger one of the most significant currency transformations in the modern Middle East… The Iraqi economy is at an evolutionary turning point…While the precise implementation timeline remains confidential, the confirmation that the project has begun…indicates that implementation is closer than ever…The phrase removing zeros…represents one of the most ambitious and complex financial engineering projects in the country’s modern history. The central bank is not just changing numbers; It is redefining how Iraq interacts  with the global economy. The world is watching closely.   [Post 2 of 2]

Clare – Dinar Guru   Article:   “Iraq’s foreign currency reserves rise by more than three billion dollars”   Quote:  “The Central Bank announced on Saturday …foreign reserves at the Central Bank until the 30th of September of this year amounted to $98.155 billion, equivalent to 127.601 trillion Iraqi dinars, an increase of $3.514 billion compared to August“

Pimpy – Dinar Guru  The hard part of everything that’s been going on with Iraq is coming up.  We have elections on November 11th and Al-Sudani is already making his pitch to be prime minister for a second time.  Whether or not he gets it remains to be seen…To my surprise, Al-Sudani has done a magnificent job as the prime minister…so much so that he pissed off the very people that helped put him into power, the coordinated framework.  We’re talking about Maliki and them.  They want him to do things a certain way to keep things corrupted.  And he’s not.  He’s actually in there fighting for the Iraqi people.  When Maliki is attacking you and trying to get you removed from your position they you know you’re doing something right…What you don’t want to see is the issue that we had before Al-Sudani became the prime minister in which a whole year went by before they picked a new prime minister because of all the bickering and infighting within Iraq…

Sandy Ingram – Dinar Guru   Iraq’s election will be held this Tuesday November the 11th.  Iraq is now officially in a mandatory election silence period…The reason this is so important is Iraq’s last election in 2021 caused violet clashes in Baghdad and led to nearly a year of political deadlock before a was even formed…

Samson – Dinar Guru   Article: “IRAQ’S GOLD RESERVES ARE APPROACHING THE 171-TON MARK”

Militia Man – Dinar Guru    Article:   “Iraq’s gold reserves are approaching  the 171 ton mark”  Why is that important?  Because since January of 2025 they’ve added 8.2 ton of gold over a 4 month period through July to November.  From January  they got to somewhere around 162 ton and they went up to 170.9.  That’s big…Iraq came in 4th in the Arab world after Saudi Arabia, Lebanon and Algeria with the largest gold reserves.

Mountain Goat – Dinar Guru   …remember that when I use the term “RV” I am referring to the process. The process is to remove the zeros, watch for inflation and then move to FOREX at the nominal rate reflecting the true dinar rate based on asset evaluation and their economic growth. I feel with where they are right now they should have already gone to FOREX. But they have not because of all the corruption. By taking the time to clean most of it up and then to progress their economy into a diversified  economy, they will be able to support an even higher rate for us…By waiting it only serves us investors too.  

Militia Man – Dinar Guru  “Know Your Customer” [KYC regulations] is a big issue with banks.  I think people really ought to keep that in mind when there is a revaluation.  The banks are going to be wanting to know who they are are especially if you have a lot of money…Calm, cool, collected…very professional – What do you have.  What do you plan to do with it.  You’re  probably going to be asked a lot o question so be prepared for that. And like I said calm, cool, collected and professional is the best the best...

Kaperoni – Dinar Guru  Article: “Iraq moves towards energy independence: imports halted and export opportunities for petroleum products opened up”  

Sandy Ingram – Dinar Guru  Many will tell you we will be able to exchange the IQD at banks in the United States.  Hopefully so.  But what if we can’t?  What if Iraq, because of overprinting the money, only allows currency exchanges within the country or at International airport exchanges?  5 years ago when I first started talking about the IQD investment…I told you to get your US passport.  My message has not changed…We may not have to [travel] but it looks like we more than likely will have to.

Mountain Goat – Dinar Guru   I need to clarify this one more time since everyone is brainwashed on this Kuwaiti dinar and uses it as a justification for a like RV in Iraq. So, I want to emphasize that the IMF under direction from the UN “temporarily” took the KWD Kuwaiti dinar off of FOREX so Saddam could not use it to fund his army against coalition forces to throw him out of Kuwait. When the effort was over, they simply reinstated it. In FACT when they did reinstate the KWD, it was about 30 cents lower than before the takeover of Kuwait by Saddam. This is FACTUAL…Does this sound like an RV for the KWD? The KWD once  reinstated was driven by market demands and rose to nearly 9 USD before they took it off the float.  Again this was not an RV but short-term speculation. 

Militia Man – Dinar Guru    When Alaq changed the rate from 1450 to 1310 what did he say?  Immediately.  That’s what he did. <snap> Done.  That’s my expectation.

Mountain Goat – Dinar Guru    Will removing the zeros actually happen and we get the reinstatement in January 2026?  I can only report on what they say and then bump it up with my CBI contact. Our next step is to wait and see what happens. Again, nobody is going to know the actual target date but we might be able to come close...

Militia Man- Dinar Guru  The central bank governor told us more than once that the project to delete the zeros off the exchange rate is going to happen.  It’s still in process.  They’re working on it.  He can’t tell you exactly what’s going to take place but he can give you some information…If they do an adjustment, drop the 3-zeros from .00076 then…apply a real effective exchange rate based on fundamentals.   [The fundamentals] are off their gold, their reserves etc.

Mountain Goat – Dinar Guru   What you want to see is the nominal rate put back on FOREX when it comes out following the project of removing the zeros. It is the repegging to a new basket and off the sole peg to the US dollar that will allow for a very high rate to be announced on FOREX… they told us they do not plan to float once they remove the zeros (but will float once on FOREX).  The mere fact that they talked about not doing a float in the same articles about removing the zeros told us this FACT.

Militia Man – Dinar Guru   I look forward to seeing what transpires in the next couple of days or even at any time.  I think Iraq has really shown that the readiness of the country is explosive.

Samson – Dinar Guru  Article: “IMF FORECASTS: IRAQ WILL BE THE FOURTH LARGEST ARAB ECONOMY BY 2030“

Sandy Ingram – Dinar Guru   One of the reasons Kuwait’s currency value is so high is that you can’t get your hands on the currency.  The Central Bank of Kuwait has extremely strict controls over the Kuwaiti dinar.  You must also remember the Kuwaiti Dinar is traded on the Forex market.  Be aware Kuwait’s currency is hard to get…You have to travel to…Kuwait.  Iraq’s currency
is sold on the Internet.  It doesn’t take a college degree to figure out that Iraq is going to eliminate the financial threat of overprinted banknotes.  Common sense tells you that…Iraq has already said they need to get the money from under citizens mattresses and into the banks and it’s hurting the Iraqi economy because the citizens are holding the Iraqi dinar.

Clare – Dinar Guru  Article: “Iraq announces a new phase of security cooperation with America“   Quote:   “The spokesman for the Commander-in-Chief of the Armed Forces, Sabah al-Nu’man, announced on Friday that Iraqi and American officials are committed to laying the foundations for a new phase of security cooperation, stressing that consultations between the two sides regarding the future of the relationship between the two countries will continue“

Nader – Dinar Guru  Article: “Disruption of official working hours in Iraq from next Saturday to Wednesday”  They’re doing it for the election.  They’re going to stop schools and hours of work for three days all the way till Wednesday.  Have nothing to do with RV or anything like that.

Militia Man – Dinar Guru  I think it still could be 4th quarter 2025. Does the REER settle somewhere around 3 times SDR?  We’re going to find out…Every step of what I’m talking about is documented.  What they’ve been doing is primarily executed in my view already.  The CBI has reserves … $112 billion.  They have compliance through all the new systems, international standards…Their next move is going to be an effective adjustment like they did in 2023.  It’s going to be immediate.

Mountain Goat – Dinar Guru   …we should see some movement on the project to remove the zeros this month. Will Iraq begin the swap out of the three zero notes for the lower denominations soon? We read again in the news of the lack of liquidity in the banks…that nearly 90% of issued dinars are outside the banking system…still.  …I was told by my CBI contact that by removing the zeros should bring most of this currency into the banks. I was also told there will be an incentive to do so. We were told in the news from the CBI in connection with the article about removing the zeros, that this issue of lack of liquidity “would be resolved soon”…this was their words not mine…