Dinar Observer Daily

Clare – Dinar Guru   Article:   “Planning announces full readiness for the census.. and this is what will appear in the initial results”  Quote: “The census will be conducted on the 20th and 21st, and we will have the preliminary results within 24 hours.”

Militia Man – Dinar Guru: They need to finish out the 2024 budget – they have money they want spent over the next month. There is so much they are pushing for to make happen. So much good is going on right now Militia Man: I totally agree. Look at the Port of Faw and the non oil revenue streams in Iraq. And currency transactions with Turkey…they would have to be Article 8 compliant.  And look at the Development road project. But Iraq still needs to show its people its REER (Real Effective Exchange Rate)  MarkZ:  So many things are finally coming together.

Mountain Goat – Dinar Guru   “PRIME MINISTER: WE ADHERED TO THE GOAL OF COMPLETING THE GREATER FAW AS THE GATEWAY TO GREATER IRAQ”.   He explained that “this project has actually entered into the knots and paths of global trade and transport routes, which pass through the Middle East region, which has great strategic importance for global trade.” …I usually try to pick out the most important article of all for the news period. This article tops them all today and all I can say is WOW! WOW! WOW!.. Iraq must now put on it’s BIG BOY pants and be the economic super giant it is destined to be. They are doing it right in front of our noses.

Sandy Ingram – Dinar Guru  Zimbabwe’s new currency is set to trade on the Forex market.  [Why do] We discuss why we watch the ZIG currency so closely…when most of are IQD investors [?]...We watch the Zimbabwe’s currency because, like Iraq…Zimbabwe had a currency where it took $1.47 to make one Zimbabwe dollar.  (Iraq’s currency was over 3 IQD to $1.00 before 2023).   Like Iraq the country ran into hardship and was devalued and spiraled downward.   We watch Zimbabwe and other developing countries currency for ideas on how Iraq may handle its currency revalue, float, reinstatement or central bank digital currency…Zimbabwe has lots of gold and Iraq has lots of oil…Zimbabwe plans for its gold-backed currency to trade on the Forex market.  However they did not tell us when this event will happen…

Clare – Dinar Guru  Article:  “A turning point in financial policies..What comes after the cancellation of the dollar movement monitoring platform?”   Quote:   “…the entry of the Central Bank Iraqi, The US Federal Reserve as a supervisory body, and assigning transfer operations to Iraqi banks that have relationships with major international banks such as Citibank and JP Morgan, will contribute to accelerating transfer operations and limiting data manipulation. Eliminating the parallel market…”

Militia Man – Dinar Guru Article quote:  Alaq says… “When we reach the point where everyone is headed towards using the official and fundamental channels in the transfer process then we find no room for there to be two prices for the dollar.”  That’s when he’ll make his move.  If he’s not ready now, when will he be?  I don’t know.  That’s his call.  It’s on him to know the marketplace.  When is the safest time to do it?  He’s saying over the passage of time it gets shorter and shorter because the people are using the system properly.  Once he changes the exchange rate I think that market, the two prices, go away like that,  *snap*.

Pimpy – Dinar Guru  I’m sure you’ve already heard about the phone call between Sudani and Trump, so there’s some good things coming down the road for Iraq… Article:  “Sudanese and Trump agree to coordinate to stop the region’s wars and meet in the near future.”  When the two of them spoke this was around the time about 70 different world leaders were calling to
congratulate Trump on his victory but they were saying that when it came to Sudani they had a much longer and different talk altogether.  So why exactly does Trump want to meet with Sudani as soon as possible?  Trump is going to be making a proposal to Sudani I think that he won’t be able to pass up on and that is he wants Sudani to help Trump negotiate some kind of peace deal with Iran or if he can’t do that at least facilitate keeping them under control while he is in office so he can bring peace to the Middle East.  He feels Sudani is his ticket into Iran.

Mountain Goat – Dinar Guru  I see what is happening in Iraq as a final “cleanup” from the sanctioned days and war years…there is going be some huge change in policy of currency exchange for international trade with Iraq…why else would the CBI make such a drastic change in policy with the currency auctions if the US didn’t tell them to “ditch the dollar” and do it now. …But in order to do it Iraq needed the reforms… reforms come first, then they can rebuild their economy and somewhere in the new economy building phase, they strike out and delete the zeros and reinstate…So, come the end of 2024 don’t you think these reforms will be ‘good enough” to let the dinar finally get to FOREX? I was told this is their target.

Samson – Dinar Guru  Article: “Iraq’s Economy Under Trump: Sanctions Fears, Hope for End to Volatility”  Quote:  “…International markets are anticipating major economic changes with the return of US President Donald Trump…“

Militia Man – Dinar Guru  Article Quote: “The CBI introduced a second channel where the CBI pre-funded dollar account of the domestic commercial banks that have CBRs.” [Correspondent Banking Relationships] With who?  Citi Bank.  This is coming from IMF Article IV.  Citi Bank says, ‘We’re not involved.’.  JP Morgan goes, ‘Oh, we’re not involved.’  It’s in black and
white.  Quote:  “Citi Bank for trade finance, this has allowed an increase share of cross boarder payments to be cleared through commercial banks.”  It’s not my words.  Google it.  2024 IMF Article IV consultation 68 page pdf file.  Download it…I bring this stuff in from the International Monetary Fund because they are part of the structure of getting Iraq to become International...

Clare – Dinar Guru  Article: “Iraq’s share in the IMF”  Quote:  “When Iraq announced that it had paid off all its debts to the International Monetary Fund last May...It was leaked from the Central Bank that the cash reserve exceeds 110 billion dollars and that the country’s gold reserves amounted to nearly 150 tons…It is known globally that governments that can get rid of the burden of debt to the Fund and the World Bank are the most successful in managing the affairs of their countries…Today, Iraq intends to increase its share in the International Monetary Fund by the equivalent of 1.45 trillion dinars, which will support its voting power within the Fund, contribute to attracting investments, create a promising business environment, and achieve real development“

Samson – Dinar Guru  Article:   “Parliamentary Finance Committee reveals a move to question the Governor of the Central Bank of Iraq: We are working to change him”  Quote: “Member of the Parliamentary Finance Committee, Mohammed Nouri, revealed on Sunday that there is a move within the committee and the House of Representatives to question the Governor of the Central Bank of Iraq, Ali Al-Alaq, due to the lack of control over the stability of the dollar price and the dominance of private banks over the currency selling window.“

Breitling – Dinar Guru   Question:   “A while back you mentioned the US Treasury Department was displeased with the controls the
CBI put in place to crack down on the money flow from Iran and its proxies.  I thought the US has no control over when Iraq could bring their currency to international market?“ They don’t.  But if Iraq wants to be part of our markets they have to comply.  That’s it.

Samson – Dinar Guru   Article: “GOVERNMENT ADVISOR : TRUMP’S ASCENSION TO US PRESIDENCY WILL STRENGTHEN RELATIONS BETWEEN BAGHDAD AND WASHINGTON“

Samson – Dinar Guru  Article: “Central Bank: Number of users of electronic financial services exceeds 20 million“

Militia Man – Dinar Guru  The census will count the population, housing, industrial and commercial establishments, agricultural land and infrastructure.  Displaced persons and refugees will not be included in the account…It’s scheduled for November 20, 2024.  It will be accompanied by a two-day curfew in all Iraqi provinces.

Clare – Dinar Guru  Article:  “Trump wants to meet Sudani soon”  Quote:  “US President-elect Donald Trump expressed his desire to meet with Prime Minister Mohammed Shia al-Sudani ‘soon,‘ according to a statement from the Prime Minister’s media office on Friday (November 8, 2024)…Al-Sudani made a phone call…Friday, with the US President-elect Donald Trump, in which he expressed his congratulations to the President and the American people on the occasion of winning the elections, and the great confidence that the American people have given him.”

Samson – Dinar Guru   Article 1.  “Al-Awadi: The communication between the Prime Minister and the US President-elect was highly positive”  Article 2.  “Trump welcomes working with the Sudanese and wants to meet him in the near future“

Militia Man – Dinar Guru   [via PDK]  …things are happening fast and furious…With that development road – people and trade will come in droves. The push is big…this article was interesting to me “In 5 days Iraq Central Bank sells more than a billion dollars” and they say there is now no room for the parallel market or black market for dollars. This is huge from Al ALaq.  Once they open the doors and change the REER [Real Effective Exchange Rate] then the dinar will then be stronger than the dollar.  That is what Al-Sudani has said more than once. And that is what we are waiting for.

Sandy Ingram – Dinar Guru  I am concerned for Iraq.  Why is the US Secretary of State urging the Iraq prime minister to take quick action…against armed groups in Iraq? ...Things are extremely tense behind the scenes in the Middle East...The US has issued a stark warning to the Iraqi government, if Iran uses Iraqi soil to attack Israel expect Israeli retaliation against Iraq…But here’s the latest news.  There’s no doubt about what is about to happen in Iraq…  Article “Israel prepares a large- scale attack on targets in Iraq.”  …None of this sounds good. 

Militia Man – Dinar Guru  [Iraq’s] inflation rate is key.  It’s low.  It went from 7.5% to 3.8%.  It’s really in good shape.

Clare – Dinar Guru  Article: “The Central Bank Governor determines…Who goes to buy dollars from the ‘black market‘?”  Quote: “a number of merchants, for personal reasons, still do not come using the official method and transfer what they need at the official price, but the percentage of these people decreases with the passage of time.”

Samson – Dinar Guru  Article: “Prime Minister’s Advisor: The first commercial ship will dock at Al-Faw Port soon“

Militia Man – Dinar Guru   CBRs , Correspondent Banking Relationships, we’ve know about that since 2023…This isn’t brand new.  This is what’s been done.  2024 consultation Article IV is about things they’ve got to a certain point where now we’re going to the next step.  We’re focusing in on 2024 for what?  Modernizing the banking system.  Getting that completed.  Going to the private sector.  Privatizing the state-owned banks.  They’re doing it.  Ernst & Young are doing it.  They’ve had a contract since January.

Mountain Goat  My…CBI…contact…told me there is a planned meeting next week with the director Al Al-Alaq to review the status of the committee work and plan out the next phase of the project to delete the zeros. I was told that the CBI will no longer be supporting the currency auctions come the end of the year…she told me they are now working on many more foreign banks besides the already arranged four (4) U.S. banks that are going to also come into process of supporting the international conversion of dinar to dollars on payment of imports to Iraq. Why would these other banks want to exchange dinars if they were not going to be worth something and globally traded? …This news was VERY good news for all of us. It tells us there is going be some huge change in policy of currency exchange for international trade with Iraq.

Clare – Dinar Guru  Article: “Al-Sudani and Trump agree to coordinate to stop regional wars and meet soon“

Clare – Dinar Guru  Article: “Iraq increases its gold holdings and ranks third in the Arab world”  Quote:  “Iraq increased its gold holdings to 152.6 tons, after it had held 152.5 tons, which represents 11.5% of its remaining reserves.”

Militia Man – Dinar Guru   Article: “Iraq intends to increase the International Monetary Fund by equivalent of 1.45 trillion dinar.”  They paid off their debt, inflation is down, interest rates have dropped, foreign currency reserves have increase, 152.6 tons of gold…Does that sound like a country that’s still going to stay at 1310 with their exchange rate?

Samson – Dinar Guru   Article:   “Al-Hakim to UN Representative: Iraq is experiencing unprecedented stability“

Mountain Goat – Dinar Guru   My contact told me not to expect any move forward with the Project to Delete the Zeros until this new…Trump… administration signals, they will “fully” support it and the “process” and move to the end of the process, which is, as we all know, the reinstatement.  Remember we don’t go to the bank until the reinstatement back on FOREX occurs, the end of the process.