Dinar Observer Daily

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…

Samson – Dinar Guru  Article:  “At Biden’s request, an American senator meets with Sudanese, and a detailed statement about their discussions“

Clare – Dinar Guru   Article:   “Biden’s envoy arrives in Baghdad and meets Al-Sudani“

Militia Man – Dinar Guru  Article: “Al-Sudani makes comments on US sanctions: We will not abandon the private banking sector”  The work Al-Sudani has done thus far is truly amazing… Previous governments were allowing the theft of massive amounts of money.  That is no longer.  This is likely why…the UN Assembly meetings were successful and with powerful statements about Iraq’s future in “Restoring Confidence” (DAVOS) to the Global Financial system and with the largest banks in the world, i.e., J.P. Morgan Chase, CitiBank, etc..

Mountain Goat – Dinar Guru  …when it does finally come out on the global exchanges, like FOREX, the rate in Iraq will coincide to whatever the rates are on the global currency exchanges that you want to exchange the dinar to. The banks will then use FOREX…Once on FOREX, there will be currency exchange rates in Iraq and elsewhere according to the country’s currency you are exchanging it in. For instance, if you are in the United States you will exchange for USD. If you are in Germany you will exchange for Euros, etc.. etc…  There are no other rates. The Iraqi program rate will be gone. That whole temporary currency system will be gone.

Sandy Ingram – Dinar Guru  The problem for Iraqi dinar investors is no US banks and few banks worldwide will allow transactions using the Iraqi dinar.  Bankers turn their noses up when people ask about Iraqi dinar and this is one of the reasons the investment is called shady.

Clare – Dinar Guru  Article: “Al-Sudani is making an upcoming visit to Washington”  Quote “The two sides discussed the files that will be raised during the Prime Minister’s upcoming visit to Washington, and the cooperation mechanism within the strategic framework agreement between Iraq and the United States, and the committees formed in this regard,”

Pimpy – Dinar Guru   Community Comment:  “Thanks for the let down once more that Iraq will never RV.”  I never said it would never RV.  Never.  In fact I’m the one that said it’s going to go up in increments.

BGG ~ Maybe instead of boo-hooing to Pimpy for whatever he said which you don’t happen to like, go say “Thank You” to all the mercilessly ignorant blowhards in the Dinar community who continually assure an outcome of which they are completely clueless. Try giving credit where credit is due… for once.

Dinar Investor – Jeff   Why the timing of the rate change has anything to do with a budget period?  Here’s why…Countries calculate their budgets off the value of the currency.  In order for them to approve a budget, whatever currency value they’re going to utilize has to be released publicly…That means the rate has to change before the budget can be approved…Kuwait changed their rate on March 24th of 1991…before their April 1st budget period.  It’s that simple.

Militia Man – Dinar Guru  Saudi Arabia helped Iraq with about 15 years of negotiations [with the WTO] in one year...Iraq [at that time was at “observer” status]…Being an observer you have the ability to have accessions.  Am I waiting for them to have accessions before they have an exchange rate?  No I’m not.  But the fact that they’re getting to that stage shows the world’s expectation is …the cat’s out of he bag.

Mountain Goat – Dinar Guru   Please just be patient!  The reinstatement is coming and I firmly believe from what we now already know and are about to witness is a major part of the Banking Reforms that everything else was geared up to support over the past 10 years.   Iraq is about to get out of the sanctioned mindset altogether and return to common global banking practices of how they will be doing business with the rest of the world going forward.

Iraq’s Central Bank sells over $1 billion in one week

Baghdad (IraqiNews.com) – Over the last week, the Central Bank of Iraq (CBI) sold more than $1 billion worth of US currency.

The CBI sold over $1.08 billion at a daily rate of $217.5 million, higher than the previous week, when its sales were approximately $825.5 million, according to Shafaq News.

The highest sales of the US currency took place last Tuesday, when it reached around $241.8 million, while the lowest sales took place on Sunday, when it reached $208.2 million.

The CBI’s remittances of currency abroad during the past week were nearly $825.9 million, representing an increase of 91 percent compared to cash sales, which reached $72.7 million.

The CBI’s US dollar sales aimed to finance foreign trade in the form of transfers and cash sales.

While cash sales were done at an exchange rate of 1,310 Iraqi dinars, the Central Bank of Iraq supplied US dollars for letters of credit and international settlements for debit and credit cards at a rate of 1305 Iraqi dinars.

Iraqinews.com

Dinar Investor – Jeff  What was the number on thing in the month of January Iraq kept stating in all the news articles?   How they achieved critical stability.  In order for Iraq, the number one thing they have to do is achieve overall stability, to be  eligible to revalue.  Article quote “For Iraq to further continue on the path of stability and progress, an enabling environment  will prove essential” She’s stating Iraq is on a path of stability and progress and continuing in that direction will prove  essential.  Meaning allowing them to revalue the currency and get back on the world stage. 

Samson – Dinar Guru  Article “Al-Sudani: We received a letter from Washington agreeing to end the tasks of the  international coalition”  

Sandy Ingram – Dinar Guru  Iraq’s tourism could easily increase to over 10 billion US dollars a year, comparing it with Egypt’s tourism.

Militia Man – Dinar Guru  The amount of construction and all those things that we’ve talked about are not going to be affordable at 1310.  They specifically did a tripartite budget which they haven’t totally exposed yet…But notice the things they have done.  They were in the UN assembly… Davos…Munich and they were doing deals behind closed doors with all these different countries of the world…Middle East, United States, Great Britain and on and on and on…Are they going to be doing this to stay where they were before or are they going back to a previous era?  1169, 1182, 1460, 1310, they never went international with those rate…