Dinar Observer Daily

Samson – Dinar Guru  Article: “Import Control Authority: A significant rise in non-oil revenues during the Sudanese government“

Militia Man – Dinar Guru  Article: “Iraq is in a prosperous era despite the difficulties or the international economy”  Saleh confirms…the inflation index remained below 4% per year…In my view the data shows the Central Bank of Iraq has done a very good job with their reform program keeping inflation low which is a good component that does support if they have a revaluation of their currency.  It is a component of that process.  There’s confidence.  This is a testimony of it.  Iraq has that security and stability that we’ve been talking about.

Mountain Goat – Dinar Guru   Article:  “THE MAJORITY OF IRAQ’S FINANCIAL ASSETS ARE IN US DOLLARS. AL-SUDANI’S ADVISOR DISCUSSES LINKING IRAQI BANKS TO US BANKS.”  This news is of course fantastic news, as it is showing us that Iraq is slowly getting back to normalcy and the final nail on the currency platform is done. We must think of why the currency auction was set up in the first place and know it had to entirely end someday. I believe this day is coming in June and this article in the news now shows us more proof of this effort.

Militia Man – Dinar Guru  Article quote: “Non-oil imports rose significantly during the government of Muhammad Sudani including long-term investment revenues…”   Sudani has increased the non-oil revenues since he’s been in office…Realize Iraq’s original valuation was primarily based off oil.  Now they have non-oil resources.  They’re really going to be able to support a real effective exchange rate as far as I can see…

Pimpy – Dinar Guru  Be careful…You’re not going to see the Iraqi dinar be above $5 per dinar.  You’re not going to see the Iraqi dinar at $4 per dinar.  You’re not even going to see the Iraqi dinar at $3 or more per dinar.  Iraq’s a country that’s getting their crap together.  They’re well on the way of doing so but they’re not quite there yet.  They have a long ways to go…

Sandy Ingram – Dinar Guru  In response to currency pressures the State Bank of Vietnam or SBV has adopted a flexible monetary policy to maintain economic stability.  The central bank has intervened in the foreign exchange market by selling foreign currencies managing liquidity…Additionally the SBV has shifted from a fixed to a floating exchange rate mechanism allowing the dong to fluctuate within a controlled range to better absorb external shocks.  We can only hope the IQD will join the float option sooner rather than later.

Fnu Lnu – Dinar Guru   It is a time of uncertainty in the Middle East, so business continues to move forward for Iraq. Iraq is doing better than most all of their neighbors but to speculate that the RV/RI is at hand is a bridge too far. In all my research of late, there is no official position or stage of the RV being mentioned. There are still large upgrades happening within the banking sector and GOI and stability is all they talk about in everything I have read. We simply aren’t there yet!

 Clare – Dinar Guru  Article: “Government advisor: Linking national banks with their American counterparts provides a means for economic stability.”  Quote:  “Salih, confirmed on Wednesday…the Central Bank of Iraq’s efforts to link national banks with major banks and financial institutions in the United States, with more than one bank that enjoys international standing, is an important means of providing economic stability and improving the investment, trade, and development climate in our country...“

Militia Man – Dinar Guru  What if they tell you it’s going to go tomorrow?  If you knew that and you could still buy currency you could front-run.  Market’s don’t work that way.

Mountain Goat – Dina Guru  …Iraq is excited and so should we be… the dinar situation can change very suddenly once the right policies are effective. This process is not going to take months or years more.

Clare – Dinar Guru  Article: “Trump: A nuclear agreement with Iran is close, and negotiations are progressing positively.” Quote:  ” ‘I think we’re moving very well on reaching a deal with Iran,’ Trump told reporters in the Oval Office. ‘There’s a deal on the way, and we may see a very good resolution. It will save a lot of lives.’ “

Militia Man – Dinar Guru  It’s highly likely Iraq would not ever have accession [into the WTO] without having a real effective exchange rate with an international compliant currency.  I just don’t see that ever happening because if they were going to do that they would have already have done it but they haven’t yet.  That is a key component.

Militia Man – Dinar Guru   Article quote:  “The World Gold Council announced Iraq would rank 28th globally and 4th in the Arab world in gold purchases and reserves in 2025.  This confirms the central bank is proceeding steadily to achieve the objectives of monetary policy and reducing inflation, controlling the general price level, controlling the money supply, maintaining the dinar exchange rate within the target rate for the public and continuously monitoring and analyzing the interest rate set by the central bank…”  Iraq is clearly doing the things right…Whether she’s at 1310 today or a new fresh real effective exchange rate, she has the tools used now that will do the same in the future…

Pimpy – Dinar Guru  I have 5 million dinars.  Obviously if they delete the zeros that now becomes 5,000 dinars. If they do reinstate the rate that give me $15,000.  I don’t think I paid $2,000 for all my dinar…For me that would just be ‘play money’…Take that $15,000 to Vegas would do me good…

Sandy Ingram – Dinar Guru  One thing is for sure, with Iraq’s announcement of its $16 trillion natural resources, Iraq is holding its own.  Sooner rather than later we will all understand that Iraq’s currency will become more valuable.  They are playing with the big boys now…

Fnu Lnu – Dinar Guru  A current article from the WTO website shows us where Iraq is in the accession plans lie.  Basically there are two main issues now.  Article:  “The Chair invited Iraq and WTO members to intensify bilateral negotiations on market access”  this process is nowhere near completion with meetings scheduled well into the Summer and most likely thereafter.  Accession to the WTO is another event that has been tied to the RV when there is no real reason for such a speculation or analysis.  If that is what you think we are waiting for, then settle back and wait until summer is over and I’ll update again after the roundtable meetings.

Militia Man – Dinar Guru  Article:  “What are the real reasons behind the delay in sending budget tables?”  So, the cat is finally out of the bag. They are now saying what we could see…Article 12 of the 2023-2024 Budget is being withheld publicly. It is clearly exchange rate related! What they are saying is now in print that the street knows what we know and this is supporting our view…

Fnu Lnu – Dinar Guru  1300 as a REER is a fact. It is being used daily at that rate. 

Samson – Dinar Guru  Article: “Iraq is the second most developed country in the world for oil pipelines.”  Quote “Iraq ranked second globally in oil pipeline development, after China…”

Militia Man – Dinar Guru   It almost looks like they’re having some sort of synchronicity because they have this meeting with a neighboring trading partner, we have trading that’s going to be done in a digital environment and it’s going to have efficiency and transparency and we’re talking about digital payments across the region and across borders.  That’s going to take new technology and it’s going to take what the Central Bank of Iraq has done for the last 10 years…This process isn’t just something that got started two days ago or a week ago…Iraq’s doing this…It’s a global thing.  The impact that Iraq is going to have and other currencies in the world when they all adjust, as [Guru] Petra says, all boats rise with the tide.  A lot of boats are going to start rising.  All this stuff is being synchronized.

Clare – Dinar Guru  Article:  “The dollar continues to decline against the dinar in Baghdad”   Quote:   “The exchange rate of the US dollar against the Iraqi dinar continued to decline on Tuesday morning in Baghdad markets.“  [Dinar Guru Note: It is good for dinar holders when the dollar goes goes down.]

Fnu Lnu – Dinar Guru  Things are most certainly not frozen and Iraq is definitely not at a standstill. I can list a minimum of a dozen new projects each week…The RV/RI is not happening because there is no immediate need…

Mountain Goat- Dinar Guru   Article:  “AL-NUSAIRI CONFIRMS THAT THE CENTRAL BANK’S APPROACH TO BANKING REFORM AND DEVELOPMENT CONTRIBUTES TO ACCELERATING IRAQ’S ACCESSION TO THE WORLD TRADE ORGANIZATION.”   what is holding it up?   Remember the WTO did already tell us Iraq has met all the requirements. They told us this over a year ago.  Does Iraq need a globally traded currency for “full accession”?

Militia Man – Dinar Guru  If you guys see the theme of coordination, cooperation, you see mechanisms…transparency…If you follow through that you can see the stepping stones.  If you want to get down to the ocean front and you’re up on the cliff you got to go go down all those stepping stones.  To get off that cliff, Iraq has been doing that.  They’re down to, I think, the last stepping stone to put their feet in the sand and get a cool swim in the water.  I think it’s going to be a big swim. 

Fnu Lnu – Dinar Guru    It is now being reported again that we are waiting on the REER and BOOM!  An RV…There is already a REER and it is 1300 Dinar to the $1USD. The most recent charts of banking activity and economic reports shows this. It has been unchanged for the last three years. This info comes from official government reports. I have read 84 of them. There is no talk about an RV and there is much talk about reforming the banking sector and stabilizing the economy. As it currently appears, there will be no RV for the remainder of the year. It simply isn’t on the agenda.

Mountain Goat – Dinar Guru  Article:  “TO BOOST THE ECONOMY, THE INTERNATIONAL DEVELOPMENT BANK IS THE OFFICIAL
SPONSOR OF THE IRAQI BUSINESS SUMMIT”   The summit will be held with broad participation from local and international economic institutions and investment companies. I would have to even call this a “WOW!” article.

Clare – Dinar Guru  Article: “Iraq intends to purchase and manufacture 23 cruise ships.” Quote “The Ministry of Transport intends to contract for the purchase and manufacture of 23 different vessels and boats to support the river transport sector and stimulate its movement locally and internationally as part of a plan to revitalize the sector in the country”

Militia Man – Dinar Guru  My view, parliament will never get anything until after the fact.  Once they expose that exchange rate parliament will finally get [the budget schedules]...The central bank is separate from the government.  That’s my opinion.

Sandy Ingram – Dinar Guru   What are the three major demands or requests that the US administration has for Iraq that we know about? 1.  Oil between the KRG and Turkey resumes 2.  Iran backed militants be disarmed 3.  Wants Iraq to stop purchasing electricity from Iran.

Clare – Dinar Guru  Article:  “Arab Bank returns to Baghdad after 80 years of presence”  Quote:   “Al-Sudani emphasized that Arab Bank has been present in Iraq for nearly eighty years, noting that its return today reflects the political and economic stability the country is experiencing.”