Dinar Observer Daily

Sandy Ingram – Dinar Guru   Iraq’s top five export trading partners are India, with $38.8 billion, China with $34 billion, the United States with $10.3 billion, South Korea with 8.21 billion, and Greece with $6.27 billion.  Based on Iraq’s export partners the Iraqi dinar definitely could be worth more.  However everything is speculative until the US and Iraq give the green light to float, revalue, reinstate or increase the value of the Iraqi dinar…This could happen overnight but it is unlikely.   [Post 2 of 2]

Samson – Dinar Guru  Article: ”WTO – ACCESSIONS – MAY 9th, 2024 – Includes Iraq“

Militia Man – Dinar Guru   Article:  “The start of drawing liquidity from the hands or Iraqi’s”  Iraq is getting money outside of the bank, into the bank…They’ve gotten off the street upwards of 8 trillion dinar.  That’s a lot of dinar…Reducing the note count is the direction which is where they’re headed…If you reduce the note count, purchasing power comes with it...

Pimpy – Dinar Guru  On the one hand this [Closing Iraq’s DFI in the United States] is a big step for Iraq.  They now have control over their own funds and they can make their own decisions without asking for permission.  On the downside we still have Maliki and the Coordinating Framework in charge of the government…This [The DFI closing] is a good thing though.  It’s a big step for Iraq.  It’s a big step in gaining their freedom 100%.  Internationally it looks really good for Iraq as well…Untied States is saying, ‘Look we trust Iraq can deal with whatever comes at them…’

Pimpy – Dinar Guru  Did we hear this rumor correctly?  Did Iraq find a replacement for oil? ...It’s been under their feet the whole time…What do you suppose that would do for their economy especially if it allows them to get away from relying so much on oil.  It could be very very exciting… Article:  “One more country ahead of us in the race for the ‘most renewable fuel’:  this is a developing one and will replace oil”   It looks like Iraq is going to start doing what they can to get away form oil and start producing green hydrogen… Yes, indeedy things still looking good for Iraq.  Let’s hope they stay on the straight and narrow and everything goes their way and we can see the Iraqi people have a prosperous life.

Militia Man – Dinar Guru   When Iraq adjusts their exchange rate…all boats rise with the tide.  All those boats that own Iraqi dinar are going to rise.  The United States is going to be part of that process with the Development Road project.  See how cheap it’s going to be to build that country by raising the value because they have a real effective exchange rate?  You can see where the deals are going to be made.  It’s going to be phenomenal.

Clare – Dinar Guru  Article: “Iraq’s banking system grows 15.1% in 2023 to $156.7 billion“

Pimpy – Dinar Guru  Community request  “Please tell us about the smaller notes, 500s, 250 and 50s. Will they be a throwaway?  What is the good and bad of them?”  If they do a re-denomination there won’t be a need for a 500 or 250 note…They’re going to create the notes like the ones we have.  You will see a 1, 5, 10, 20, 50 and 100 denomination…They don’t lose the purchasing power.  The 10 has the same purchasing power as a 10,000.  The 5 has the same purchasing power as a 5,000.  The one has the same purchasing power as the 1,000…

Militia Man – Dinar Guru  With the Central Bank taking measures to stop the exchange rate rise in the parallel market showed they attained a gradual decline in the exchange rate due to merchants gravitated to the new platform in significant numbers whereby the parallel market decreased to a mere $25 million a day compared to over $200+ million with the legitimate system. They say that decline will continue. Likely to disappear, imo.

Pimpy – Dinar Guru   It really looks good for the future of Iraq.   Outside of the corruption that’s in the government.  If they can stay on the path, Al-Sudani gets a clear path to continue, the future for Iraq’s economy looks really good.  They should see some economic boom as long as the coordinating framework and those political people that are in power can somehow get out of the way or removed from office altogether…

Militia Man – Dinar Guru  Why in the world would anybody want to invest into Iraq if they were going to put their money into Iraq and then they were going to lose?  Because if you invest your money in Iraq and they LOP their currency you’re not going to make any money, it’s a neutral event.

Clare – Dinar Guru  Article:  “Al-Shammari reveals the most prominent files of Sudanese’s visit to Washington and the government’s ambition regarding the dollar”  Quote: “Al-Sudani’s visit to Washington will be practical and will not be for taking pictures...The Iraqi delegation will ask the American side about the reasons for their decisions to impose sanctions on Iraqi banks… Our expectations are that the visit will be very successful…”

Pimpy – Dinar Guru  Community Comment:   “It’s the exchange rate.  I don’t know where they get taking zeros off the bills.”   Every study out there that talks about the deletion of the zeros tells you it comes off the bank notes…If they delete the zeros, your 25,000 becomes a 25 dinar.  They’re going to take the zeros off [the rate as well].  .00076 becomes .76…still the same value.  You have a smaller denominated note but your purchasing power stays the same.

Militia Man – Dinar Guru  Auctions are going to stop as we know them.  They’re suggesting they have a move…  Quote:  “The bank said it would stop the platform at the beginning of the year…”  But then they moved to next April 1st.  That’s Monday…It’s exciting times to be sure.  If they’re stopping those auctions as we know them something’s going to change.

Pimpy – Dinar Guru   Community Comment:  “I printed this executive order out and took it to my my bank manager.  She agreed that executive order make the dinar tax exempt.”  Your bank manager is an expert in tax?  …No it’s not exempt from taxes.  But if you want to believe that, get your money and don’t pay your taxes.  Go ahead.  I dare you.  Anything over $500 on an exchange you have to pay taxes on it…Don’t pay your taxes and watch what happens.

Militia Man – Dinar Guru  Article quote:  “…The head of the Parliamentary Finance confirmed the exchange rate will continue to decline according to current data.”  Exactly.  Because once you guys go public and private and you adjust your real effective exchange rate the parallel market goes bye-bye…and the dollar’s pricing is going to go down, the dinar is going to get stronger.  Exactly what Sudani said…

Kaperoni – Dinar Guru   It has been clearly stated that Iraq’s net worth is about 16 trillion dollars including all minerals and oil in the ground. Iraq has over 100 trillion dinar in circulation. There can never be a significant RV.

Pimpy – Dinar Guru  Where did anybody get the information that the Iraqi citizens were going to be paid for the hydrocarbon law? …I’ve heard that rumor so many times and still to this day cannot figure out where it comes from…Iraq’s hydrocarbon law revenue sharing include the Council of Ministers…[and]… Federal Oil and Gas council…  Nowhere in the hydrocarbon law…does it say anywhere in there about disbursement to the Iraqi people…I haven’t been able to find anything in which the Iraqi citizens are able to benefit from the hydrocarbon law.  They’re not getting payment whatsoever…

Militia Man – Dinar Guru    Article quote:  “Minister of Finance …will launch funding for the government tomorrow Sunday…explained the value of salaries amounts to 69 trillion dinars.”  69 trillion is over half what they’ve ever printed.  It doesn’t make any sense.  How do you have a 228 trillion budget when you don’t ever have that much money?

Pimpy – Dinar Guru  We’re dealing with two different things… We have what’s known as the nominal value, which is the numbers on the bank notes and then we have an exchange rate value.  That’s two different things.

Militia Man – Dinar Guru The Iraqi dinar is not a scam.  It’s a real currency.  It’s a real country.  It’s a real government...It’s going to be a real component to the international financial world…

Sandy Ingram – Dinar Guru    I would say [They] do not want us to have wealth from our investment in the Iraqi dinar.   Why?  Because it would become too difficult for them to continue to control us.  We are the ones they do not want to give power to…When I…imply Iraq will go on to readjust its currency and we may not be privileged to participate in the profits this is where I am coming from.  Iraq re-adjusting its currency does not mean the country will join the global financial platforms.   Saddam never did and his currency was worth 1 dinar to 3 US dollars…Will they allow the people of Iraq to connect with the people outside of Iraq on the Forex market?

Pimpy – Dinar Guru  This is [from] the World Bank data bank – Real Effective Exchange Rate is the nominal effective exchange rate in measure of the value of a currency against a weighted average of several foreign currencies divided by a price denominator or index of costs…  Iraq already reports a real effective exchange rate.  They report it all the time…It’s reported to the IMF regularly…

Militia Man – Dinar Guru  The 15th of April, I’ll tell you this, most likely what…Sudani, Alaq, all those folks in the Ministerial Council of Economics, they’re working their tails off to make sure to make sure they’re ready, if not done, well before Al-Sudani shows.  Because if he’s coming to town and he wants bargaining chips and I’m pretty sure a real effect exchange rate is going to be one of those bargaining chips.

Mountain Goat – Dinar Guru  I know it’s been a very long road for us investors but we will get to the end of this and we can now see the writing is on the wall…we must…follow the 2011 plan and it is going to lead us to the RV, whenever that occurs. We can see now their next step …we can clearly see it is VERY, VERY close, according to the interview with Salih.

Pimpy – Dinar Guru  The IMF, WTO, World Bank and whoever don’t have a say whether or not Iraq LOPS off their zeros.  That is decided by the Central Bank of Iraq as well as the government of Iraq.  You’re confusing the ‘lopping of the zeros’, ‘the deletion of the zeros’, ‘the reducing of the zeros’, ‘the removing of the zeros’, as somehow a loss in value.  It is a neutral event.  It doesn’t affect outside investment into the Iraqi dinar.  I told you when you remove the zeros all you’re doing is lowing the nominal value of the currency.  Has nothing to do Iraq’s exchange rate versus other wold currencies – noting whatsoever. 

Militia Man – Dinar Guru  When people suggest they’re going to LOP the currency ask them about…How is it that a country that’s worth $16 to $17 trillion with no inflation is going to LOP their currency?  And that would be allowed by the IMF, the Bank of International Settlements and the WTO…US Treasury?  Why would they be able to just erase the value of the currency when the US Treasury holds lets say 7, 9, 10 trillion dinar?  …This is what’s in the news.  This is what’s reality…

Mountain Goat – Dinar Guru  …it is very significant to collect…dollars stashed in the homes of the citizens. This is the next step.  But they told us the CBI would not take this next big step, to collect all this cash, unless they first got the parallel market under control.   Now they are telling us it is under control. …But how will the CBI get all these hordes of cash out of the homes and into the banks? …Yes, more purchasing power…But how do you get more purchasing power? You must increase the rate of the dinar and I firmly believe this will be next step and this is coming soon, VERY soon!  [Post 1 of 2]

Mountain Goat – Dinar Guru   But slow down cowboy, I did not yet say reinstatement…this is going to be first an in-country revaluation… We don’t actually know the next “program” rate revaluation from 1320, but we do know with certainly it must be over a dollar.  How much over to give enough incentive to turn in the dollars, we don’t know. … We are not going to exchange at this rate anyhow. Later, after the reinstatement, If you live in the U.S. you will get the U.S. rate, if in Canada you will get the Canadian rate or if you live in the EU you will get the European rate.  I told it will be significantly higher than the initial in-country rate by the time we see it and go to the bank…    [Post 2 of 2]

Militia Man – Dinar Guru  Article quote:  “…in addition to the possibility of achieving a significant increase in its Financial incomes that would raise the purchasing power of the Iraqi individual...”   To me that’s massive because…they’re talking about raising the purchasing power of the Iraqi dinar.   How do you raise the purchasing power of the Iraqi dinar without changing the exchange rate?  Obviously…they can’t.