Dinar Observer Daily

Samson – Dinar Guru  Article:  “BY 26%, THE COST OF LIVING IN BAGHDAD IS CHEAPER THAN IN ISTANBUL, TURKEY“

Sandy Ingram – Dinar Guru   [Iraq] is sitting on more than $100 billion dollars in reserves and assets along with massive long-term economic ambitions.  Among them is the ambitious development road project… This project alone has the potential to reshape trade routes across the Middle East.  Iraq is also positioned to benefit from a multi-billion dollar tourism sector…The economic upside is enormous.  Stability is the key that unlocks that door.  Iraqi leadership knows that damaging relations with Western financial systems could slow investment, reduce access to global banking networks and complicate trade partnerships…The stakes are high. 

Clare – Dinar Guru   Article:   “Trump comments on the coordinating framework candidate: We have some options”  Quote:  “Days after his blog post, in which he spoke of not cooperating with Iraq if Nouri al-Maliki were chosen as prime minister, US President Donald Trump returned with a new statement…Trump, in response to a question from a Rudaw Network reporter about whether he had a veto on Nouri al-Maliki, said: ‘We are looking at a prime minister, we will see what happens, we have some ideas on the subject, in the end everyone needs the United States.“

Militia Man – Dinar Guru  Gatekeepers are getting exactly what they want, a controlled, credible transition to a more market reflective system…They’re telling us in full force we’re doing these things.  The political noise is…the right hand.  Left hand, pay attention.

Jeff – Dinar Guru    Iraq’s news is very difficult to study.  Most… don’t really have solid information to go on right now.  I know I sure don’t… Everything is in limbo…The political news isn’t credible.  They’re talking in circles.  They’re stating a disagreement on the prime minister is what’s delaying …voting on the president, which I know isn’t true…The most critical to see… is what the US government and military are doing with Iran…The Trump administration made it very clear there will not be any type of Iranian influence within the country of Iraq.  They’re sending an additional naval ship into the region to put more military tension on to Iran…

Mountain Goat – Dinar Guru   Articles: “IRAQ HAS ‘HUGE PLAN’ TO TRANSFORM BANKING SECTOR, SAYS CBI GOVERNOR”;  “MASROUR BARZANI PRAISES AL-ALAQ’S MEASURES TO IMPROVE THE BANKING SYSTEM IN IRAQ”  …We all should know that even during the election deadlock and amidst all the ongoing saga associated with it, the independent Central Bank is still moving forward with reforms in the background.

Sandy Ingram – Dinar Guru   Once the development road project is up and running, Iraq will need to adjust its currency in order to benefit from the enormous revenue that will be generated by the DRP.

Pimpy – Dinar Guru  Question: “Do you still think the Iraqi dinar is going to go? …I thought you were the one that  said it wasn’t going to go?”  Yes [I think the dinar is still going to go].  I’ve been saying it for the longest time…I never said that it wasn’t going to happen.  I never said that.

Jeff – Dinar Guru    Press Question to President Trump: “Do you still have a veto on who becomes the Iraqi Prime Minister?”   “We’re looking at a prime minister.  We’re going to see what’s going to happen.  We’ve got some ideas on it.  But in the end, everybody needs the US.  Everybody needs us.”

Mountain Goat – Dinar Guru  The CBI is finally breaking the parallel market and this time ‘for good’. As we all know the “ASYCUDA” system was implemented in full swing recently. This system forces legitimacy of trade transactions. Remember that under the currency auctions merchants could lie and falsify papers of purchasing fake goods in order to get dollars out of the CBI. With ASYCUDA this just tightened the noose even more on the parallel market to the point where these money changes are going out of business. Funds going to Iran are also drying up.

Jeff – Dinar Guru   The news…is suggestive the formation of the new government is going to take [Iraq] into the international world, get them onto the next stage, next phase.  That’s why this government formation is the most important elections they’ve ever had going back to 2003.

Mountain Goat – Dinar Guru   Article:  “FROM DOLLAR TO DINAR… EXCHANGE RATE POLICY CONFUSES OIL COMPANIES AND THREATENS THEIR EMPLOYEES!”  In this news we learn that The Central Bank of Iraq’s decision to convert payments to contractors working with oil companies from US dollars to Iraqi dinars….When I learned of this news I said WOW! WOW! and WOW!. The CBI finally did it! …The CBI is essentially creating the change over from the dollar to the dinar in payments now even to outside companies. Remember the national currency of Iraq is the dinar not dollars and the dollars have been the problem all along as these dollars get into the parallel market and shift the market to influence the price of the dinar…How can the CBI ever get control of the official rate of the dinar unless they end these holes to which the dollar was passing through to the black market. So, along with the full implementation of the ASYCUDA system we see two major moves to sew up the parallel market.  [Post 1 of 2….stay tuned]

Mountain Goat – Dinar Guru   Economic expert Nabil al-Marsoumi stated in a tweet that “more than 200 Iraqi companies contracted with oil licensing companies, employing over 50,000 Iraqi workers, are threatened with significant financial losses and layoffs due to the Central Bank’s directive to disburse their payments in dinars at the official rate—even though their contracts
and expenses are denominated in dollars.”  Can this also mean that a reinstatement of the dinar is coming soon? Could this be the motive too for the CBI making this move now…if the dinar does go international this problem with the contractors will just go away.   [Post 2 of 2]

Jeff – Dinar Guru  Why is the news nonsense?  Why isn’t it credible?  …The more silent and the more misleading Iraq gets, the closer you are to the rate change.  That’s just the reality of this.  It’s a classified event.  They’re not going to give you any clues or tell you when the rate is going to change.  It’s going to be a massive secret.  By giving you tremendous misleading information and nonsense and hiding critical things from you that could help you know when the rate is going to change…Kuwait Syndrome.  They’re not going to give you any clues at all.  They’re going to mislead and confuse. 

Sandy Ingram – Dinar Guru  I’ve always told you this situation was much much deeper than just getting the Iraqi dinar to float, adjust or revalue.  That word “revalue” is out the window.  I still use it because it is a catchall…but when I say revalue, I’m really meaning adjustment of the currency or floating the currency.  This is really a deep deep rabbit hole…

Samson – Dinar Guru  Article:  “JAPANESE AMBASSADOR: THE CURRENT SECURITY SITUATION IN IRAQ IS THE MOST STABLE IT HAS BEEN IN 20 YEARS“

Militia Man – Dinar Guru  Execution is happening.  They’re not doing it with a big hoorah or fanfare…quiet momentum.  There’s no hype…Work advances steadily without speculation.  They’re going to not tell you exactly how it is and pump it like this is the greatest thing in the world, but they do tell you what they’re doing.  They try to keep it calm, cool and collected.

Clare – Dinar Guru  Article Quote:  “Bloomberg reported on Tuesday that Iraq wants to strengthen its partnership with US oil companies ExxonMobil and Chevron in an effort to ‘win over’ US President Donald Trump in order to shield the country from tensions between Washington and Tehran, and the possibility of a future conflict in the region…The report quoted…Iraqi officials as saying that they were ‘fed up with the slow pace of development by Russian and Chinese companies…‘ “

Jeff – Dinar Guru   Article:  “Acknowledging the financial crisis…MP: Changing the dollar exchange rate is within the purview of the next government”  They’re saying the next government is the one that’s going to have the powers to control changing of the dollar exchange rate…What did I tell you?  We’re waiting on the completion of the next government to change the rate.  Bam.  Right here, confirmed in print…They’re the ones that introduce the rate change within the country of Iraq…I love it when my work is confirmed.

Mountain Goat – Dinar Guru   Article:  “THE END OF THE “LONG STRUGGLE”… MALIKI IS CLOSE TO ANNOUNCING HIS WITHDRAWAL…” …Picking the new president was not the crisis it was a coverup while they sorted out this Nori al-Maliki nominee mess…Now that he has conceded his nomination…the new president is announced to us. Thus they can now move ahead with the election process again.

Samson – Dinar Guru   Article:   “AFTER A 10-YEAR HIATUS, IRAQ RESUMES OIL EXPORTS TO AN AFRICAN COUNTRY“

Jeff – Dinar Guru  They announced in this article “An economist says budget reform has been stalled since 2009”   Why?  They’re waiting for the rate to change.  Part of the banking reforms have to do with foreign currency – handling and dealings…If the dinar is not tradable, which right now their tradable currency is the US dollar, they’re not able to trade, interact and work with foreign currencies due to sanctions waiting for the rate to change, going international, having a tradable currency.

Samson – Dinar Guru   Article:  “IRAQ IS THE THIRD LARGEST OIL EXPORTER TO AMERICA, WITH 325,000 BARRELS PER DAY – A 292% JUMP IN ONE WEEK”

Sandy Ingram – Dinar Guru  This is what I’m learning in North Africa about the Iraqi dinar…The Iraqi dinar is an official currency only for Iraq and the Kurdistan region….Few other countries will accept the IQD…Iran does not officially accept the IQD either.  The IQD is not accepted in Afghanistan, Somalia, and obviously not here in Egypt…Until the Central Bank of Iraq releases the currency to float or to be connected to the forex markets, banks will not touch it.  But wait, who else had this same scenario, the same problem?  Zimbabwe.  There has been measurable progress with the Zig, Zimbabwe’s new currency has is backed by gold.  It’s not a total complete evolvement yet, but it’s working… Zimbabwe has shown us Iraq’s currency is not totally out the door.  There can be changes that can be made to turn it all around and in a short period of time.

Militia Man – Dinar Guru  They’re not soft balling it anymore.  Highly credible data is out, consistent with the evidence.  Alaq’s…performance since 2022 has been stellar.  Gatekeepers have noticed and endorsed it quietly.  The BIS nod via the Bank of International Standards Alignment is real…Iraq is being prepared for deeper global financial engagement….If you tie everything together, you’re going to see that, wow, this is big.  The Arab League AMF gives regional backing and stability.  All part of the quiet long game plan.  The “quiet” to me has delivered results…Our study has proven time and time again that the gatekeepers are pleased.  The next phase is closer than most realize.

Sandy Ingram – Dinar Guru  I need to talk to you about what’s happening in the talks between the US and Iran.  These talks are being held in Oman…What’s so unique about these talks is they’re not sitting around a table talking to each other.  The tensions are too high for that…What happens is they pass notes or information and the mediator…talks privately to that person.  They are not sitting around a table…They call this ‘indirect negotiations’.  What I’m thinking is going to happen is the US is going to learn the real reason why Iran wants to implement and flex its country and powers into Iraq’s government.  Once the US understands the real reasons, not what people are just saying, the US will better be able to help Iraq…

Mountain Goat – Dinar Guru   Article:  “THE END OF THE “LONG STRUGGLE” … MALIKI IS CLOSE TO ANNOUNCING HIS WITHDRAWAL EXPECTATIONS ARE THAT A NEW SESSION TO ELECT THE “PRESIDENT” WILL BE HELD EARLY NEXT WEEK.”  My sincere belief, not opinion, is that this announcement is what Kurdistan was waiting for in order to announce their nominee for the presidency. Kurdistan would not have just announced their candidate Fuad Hussein, if they didn’t know that Maliki was out...this was the sole reason for the stalling in the election process in the first place as a delay in picking the president was just a reason to stall. In other words, a political maneuver by the Kurds to stall the process in order to take a step back and keep the next step from happening, which would have been Maliki’s nomination.

Mountain Goat – Dinar Guru  This Iraqi dinar reinstatement is not a revaluation…The rate only changes to something we all want when it is reinstated. We call it the RV for short because the rate will jump from artificially suppressed rate (1320) to the nominal rate ($4+) since it will have to change accordingly with the new peg. This is a very straight redenomination process, unlike other redenominations done in many other countries…as Iraq won’t be facing hyperinflation and resetting their currency to combat this inflation. But rather resetting to get back to pre-sanction era days (1991). It will be a resetting so they can reinstate the currency at a much higher rate…

Clare – Dinar Guru Article: “Al-Hurra website, citing sources: US officials informed Maliki that his nomination was  ‘categorically’ rejected and that proceeding with it would have consequences”  Quote “The US-based Al-Hurra website quoted sources  from the coordination framework as saying that the failure to elect a president…was due to the dispute over the nomination  of…Nouri al-Maliki…She added that Maliki…tried to open channels of communication with American officials to find out if Trump’s veto was negotiable, but the response was decisive…proceeding with his nomination will have repercussions…” 

Militia Man – Dinar Guru  The CBI can adjust when ready.  They’re independent since their law from 2004. The gatekeepers, IMF, BIS, US, want data driven moves…They don’t want shocks.  Digital technology like programmable dinar…allows for fast and furious market emotion to build demand positively upon adjustment.