Dinar Observer Daily

Militia Man – Dinar Guru  Article: “Minister of Commerce: International welcome and desire to increase investments in Iraq”  Article quote: “the meeting came out with many decision that were approved including … welcoming Iraq’s accession to the World Trade Organization.“  That’s awesome…Are we waiting for a major announcement?  Remember Salih said there was going to be a major announcement and we haven’t heard it yet.  This right here is that this major announcement?  I don’t think so.  It’s almost like leakage…

Pimpy – Dinar Guru   Everybody is getting hyped up about Jamie Dimon and JP Morgan being over there in Iraq…It’s not that big of a deal.  It isn’t…

Sandy Ingram – Dinar Guru   Iraq is getting closer to a currency reset…Iraq’s rail plans have investors worldwide watching carefully…The rail connection in Iraq from the Gulf to Europe will change Iraq’s economy.  This same method of increasing the GDP was recently used by Mexico when they built a connecting rail system…Mexico’s exchange rate increased against the US dollar and now Americans are spending more money to live in Mexico…This is one of the major paths that can lead to a higher GDP and a higher value in the currency.  The project is set to start in early 2025.

Pimpy – Dinar Guru   When you take the three zeros off the 25000 dinar you only have a 25 dinar.  It give the impression of a stronger currency because it doesn’t look like an over inflated currency.  It didn’t say it’s going to be stronger.  It says…Deletion of the zeros is to give the impression of a much stronger currency.  It gives people confidence…If they do that before they change the exchange rate we are ass out.  We need to figure out how to swap our currency for the new currency…What did I say we wanted to avoid?  A redenomination until we see it go up in increments..Now all of a sudden they’re talking about forcing Iraqi people to bring inter dinar by redenomination.  Man, this is looking bad.

Militia Man – Dinar Guru  An expert…talking about the best way for electronic payments to be successful for the central bank… Article quote: “to carry out the process of deleting the three zeros from the currency.  Printing new currencies and announcing a period of 1 month for citizens to exchange all their money with the new edition which will give an impression of the strength of the dinar against the dollar and the rest of the currencies.”

Mountain Goat – Dinar Guru   We are still waiting for the CBI’s measures to take hold to control the parallel market rate and then so they can go ahead and raise the program rate one more time, as I am told by my CBI contact is still going to happen…we must just sit tight and let them work through these issues of the parallel rate. The CBI will get it under control. As you know Iraq doesn’t work like Speedy Gonzalas…

Tishwash – Dinar Guru   Article:  “An international desire to invest in Iraq and three countries hold meetings in this regard” Article Quote:  “The meeting came out with many decisions that were approved, including enhancing intra-trade, liberalizing trade in goods, and welcoming Iraq’s accession to the World Trade Organization.”

Pimpy – Dinar Guru   Question “Just be blunt…Make it simple.  If someone holds a million dinars what is the most  one can get from this amount over the next several years?”  I’ve been blunt about this…It depends on how long you hold it.  Let’s  say it starts to go up in increments like I think it’s going to happen, you have to look at your 1 million dinar and think to  yourself, ‘Am I going to be happy with the current exchange rate.’  It really depends on when it gets to a rate that you like.  As  long as they can stay out of conflict, continue moving forward like they have with reform, getting back in the World Trade  Organization, showing back up on Forex, these things are very important on give value to the Iraqi dinar. 

Kaperoni – Dinar Guru  If Iraq and the dinar is ever going to rise in value it will be based on Iraq’s own economic  success and growth of their economy, GDP. Only then can Iraq float the dinar to allow the world to determine its value based on  supply and demand.

Clare – Dinar Guru  Article: “Economist: The window for selling the currency ends in 2024, and the central bank will devote itself to supervision”  Quote: “The Central Bank of Iraq decided to end the currency window process and adopt correspondent banks as an alternative. There will be a new mechanism to provide currency for transfers without returning to the currency window or the electronic platform.“

Pimpy – Dinar Guru  Don’t forget Iraq is on self-imposed sanctions.  Until they are cleared and there’s no more restrictions over here [In the US] it’s not gong to be that easy for you to find a place to exchange your currency.  I’m not saying it’s impossible…I reported Chase bank…was one of the banks you can go to…It’s not going to be some fancy rate.  It’s going to be at whatever the current rate is at the time…

Militia Man – Dinar Guru  When have we seen banks openly talking and expressing, ‘We know this is happening.  We’re talking about it.’  Oh, yeah, things are going in our direction!

Mountain Goat – Dinar Guru   I can tell you there is only going to be one more final adjustment to the IQD rate inside the country of Iraq from the 1320 close to 1000 or less (1 dinar = 1 USD) (must be just over $1). At this time, the CBI will kick off the Project to Delete the Zeros. Did this happen yet? NO!  It has not but we can see that the official rate is fluctuating from the 1320 as high as 1310 and 1300 some days. This is all good news… this rate will be temporary rate just until the new reinstated rate shows up on FOREX.  [Post 1 of 2]

Mountain Goat – Dinar Guru  We are now looking for this rate change as the CBIs’ next move. Yes, this will be their next move. NO! There is not going to be any Reinstatement until this part of the plan is completed …The good news is that this final rate change must be getting close at hand as my CBI contact informed us last week…that someone on the committee team was tasked to supply the IT people with a good set of pictures of the lower denominations along with the coins and a written explanation of how the conversion would work from the three zero notes…keep that champagne ready!  [Post 2 of 2]

Pimpy – Dinar Guru  Question “What is needed for this investment to be profitable?”  What we need for this investment  to be profitable – We need them to get back on Forex.  We need them to be part of the World Trade Organization.  We need them to  change the exchange rate without lopping off the zeros first.

Militia Man – Dinar Guru  Releasing them from Chapter VII…it’s phenomenal to see...In 2012 we thought this was over because the UN released them from specific things but they never released them from everything.   They needed to do  something…Now…the push is the World Bank, the seven [largest entities in the world] are pushing them, the UN’s giving them  Kudos…basically stated it’s time Sudani to ask the UN to do this.

Sandy Ingram – Dinar Guru   The International Monetary Fund has consistently recommended Iraq develop additional streams of income outside of the oil industry.  Iraq holds a significant amount of the world’s history within its borders…What is  needed is security and safety for travelers.  Once safety issues are address and the Euphrates and Tigris Rivers are flowing again there will be substantial annual revenue to help boost Iraq’s GDP.

Nader – Dinar Guru  Some people comes out and go, ‘Hey, the dinar is going to be $7.00 or $8.00..’ bullshit like that.  I don’t know where they get the information from.  If it goes 1 to 1 I’ll be happy…The second thing, when they come out and they go, ‘The back screens.’  What back screens?  Why you not showing the back screens?  Who’s telling you about back screens?  Other people go, ‘Iraq the exchange rate is internal and external.’  What the hell you saying.  It’s crazy.  You know they’re not going to come out and say, ‘We’re going to change the exchange rate but only in Iraq.’ …Then banks…the numbers doesn’t work like that.  It doesn’t work at $7 or $8 or $11…Be reasonable.

Fnu Lnu – Dinar Guru  Some opine that there is no such thing as a Redemption Center while others claim to be in contact with such Centers and their personnel.  What they (redemption centers) are, is a simple solution to a simple problem. Many of the large banks in heavily populated urban centers were concerned about having the Dinar traffic clog their lobbies at exchange time. The solution is to have a separate, off-premises, specialized, Exchange Center, complete with Delaru computer, in the most populated city in each of the 10 federal regions…I haven’t been informed of any changes.

BGG ~ This is COMPLETE NONSENSE.

Pimpy – Dinar Guru  I want to make myself perfectly clear – Deletion of the zeros, Lopping or redenomination are all the same thing.  All they’re doing is changing the face of the bank notes.  That’s it.  An increase or decrease of the Iraqi dinar against other foreign currencies is a change in the exchange rate.  That’s different.

BGG ~ While I don’t agree with most of this – the second to last line is on point… value is value. Forget how it gets there.

Militia Man – Dinar Guru  The 2024 Word Global Summit… Article  “Al-Sudani cancels his visit to the Emirates and apologizes for it”  Why did he cancel?  Why did he not go to a World Global Summit? …all the other countries…180 are all there.  Sudani didn’t show up.  There’s got to be a very important reason why he didn’t… Article quote:  “The Minister of Finance participates in the session of the World Government Summit in Dubai..”   And Sudani didn’t go…He stayed home, he talked about his borders…armed forces…his people…Why?  He had to apologize for not making it.  There has to be a very good reason I would think.  We’re going to find out what that reason is..

Pimpy – Dinar Guru  Question about Pimpy’s possible LOP theory: “If what I understand you’re saying it’s a lop.  25,000 will be 25 right or wrong?”  A LOP is when you remove the zeros.  Just like you pointed out… 25,000 dinar would be a 25 dinar.  Yes, that would be correct. 

Militia Man – Dinar Guru  The [U.S] embassy in Baghdad is amazing.  The reason why is…it’s a building that’s 104 acres… 43,660 square feet…It’s huge.  They’re building a bigger one in Iraq…4.5 million square feet, of a building. You got to go, that’s a big building…Why would they be building a bigger one if we’re leaving anytime soon? 

Samson – Dinar Guru  Article: ”South Korea confirms: The volume of trade exchange with Iraq is increasing as a result of security stability“

Clare – Dinar Guru   Article:  “Saleh: Iraq is experiencing high price stability and the decline of parallel market noise “

Sandy Ingram – Dinar Guru  “Iraq’s central bank revokes Iran’s Bank Melli operating license”  This article tells us the US is serious about not allowing Iran to have access to US dollars.  It also tells us Iraq is serious about aligning with the US Treasury Department to maintain access to over one hundred billion US dollar of its money in the Federal Reserve.

Pimpy – Dinar Guru  …You don’t need to go to a Redemption Center…I bank out of Wells Fargo.  I went in there, talked to my manager.  He said this if the exchange rate is very large and you end up making a lot of profit off it, ‘All you got to do is call, let me know when you come in or just walk in, wave to me so I see you and tell me that you’re coming to exchange your currency.  We will go ahead and run it through the machine to make sure it’s not counterfeit…once we say it’s all good we deposit it directly into your account.’  …They don’t ask for a receipt.  They don’t ask where you got it from.  They don’t ask you about any of that…

Militia Man – Dinar Guru  Iraq is moving towards going into a market economy…it’s quite obvious…Tensions are the trade lines between Egypt and Jordan because of the Red Sea.  There’s been some chaos going on with different factions disrupting trade…Iraq’s Development Road Project Article quote: “Iraq supports an alternative to the international transport lines that deliver good from the East to the West.”  Everything’s coinciding at this time with the major international transport companies coming into play…

Yada – Dinar Guru   Question: so im hearing the lower notes still not out yet? how does this timing line up with what we want? does it hapoen before or after or the same time if rates are already up and waiting?  yada:   when the rate is released the lower denoms will have value and released afterwards. Almost simultaneously.

Pimpy – Dinar Guru  I’ve been following the Vietnam dong closely.  With all these corruption cases going on, we’re talking about several politicians being sent to jail or going to court.  With them cleaning up so much of their corruption I’ve really been paying attention to the markets and seeing if there’s any news coming out about a possible change in exchange rate.  I’m not saying it’s going to happen but if these are the same people that’s holding it down…hopefully they’ll allow the exchange rate to increase…It’s looking pretty good over there in Vietnam.