Dinar Observer Daily

Militia Man – Dinar Guru  They’re going to need to expose their exchange rate so they can get on the Forex and they can open the doors so they can start paying for all those obligations…

Sandy Ingram – Dinar Guru   Trump…for the most part he has been on the side of Iraq.  Our problem is not Trump, but rather the fact that Iraq is increasingly making the [dinar] a closed currency.  The means we do not have access to the digital changes happening in the country today.

Clare – Dinar Guru  Article: “Al-Sudani congratulates Trump and Vance, stresses Iraq’s commitment to strengthening relations with America“  Quote: “It is noteworthy that Iraqi Prime Minister Mohammed Shia al-Sudani had strongly attacked the administration of former US President Donald Trump, during a speech he gave at a memorial ceremony held in Baghdad in 2023 on the anniversary of the assassination of former Iranian Quds Force commander Qassem Soleimani and deputy head of the Popular Mobilization Authority Abu Mahdi al-Muhandis in an airstrike near Baghdad International Airport in early 2020…“

Pimpy – Dinar Guru  The dinar is not going to happen today or the next week as far as I know but this is a pretty big step [the restrictions removed from foreign currency exchange] for them because this allows a lot of liquidity which is necessary inside of Iraq.  Liquidity has always been an issue for Iraq.  This will change that.  That means more businesses/people doing exchanges with the currencies.  A lot of liquidity in Iraq is what they need.

Samson – Dinar Guru   Article:  “Transport announces completion of initial design phase of development road with its land and rail routes“

Militia Man – Dinar Guru  I think they’ve got it to an exposer level.  They haven’t exposed the 2024 budget yet.  They haven’t exposed the hydrocarbon law yet.  They haven’t turned on oil in the Port [Into Turkey] yet.  Why?  Because I think the 2024 budget has something that we’re waiting for.

Militia Man – Dinar Guru  In the eyes of the world, politically, all three presidencies are seated and that’s beautiful.  That’s is really big time.  I like that a lot.

Samson – Dinar Guru  Article: ”US report: Washington avoids escalation or disruption of the political and economic situation in Iraq“

Nader – Dinar Guru  I read an article about the oil price …Remember I told you the oil price is $70.  It’s really wrong…The Chairman of the CBI comes out and says, hey, we need to change the price of oil from $70 to $40 because they know the oil can reach $50 or $60 on the prices.  In the budget if you put oil at $70, couple months from now you’re losing especially when the war ends…Oil for sure going to go down.  The next step on the oil prices will be $40 in the budget.  That’s very good because they know they’re going to change the rate and they want oil price in the budget works with the rate.

Clare – Dinar Guru  Article: “Qusay Saddam seized $900 million and loaded it in trucks in 2003 – Central Bank Governor”  Quote:  “After 2003, we inherited an abnormal situation devoid of any real basis for stability. Our reserves that year were $900 million, and they were seized by Qusay Saddam Hussein and loaded onto a truck. This is documented by dates and numbers.
So we started from scratch. The money supply in circulation was only 4 trillion dinars. Today, the volume in circulation exceeds 100 trillion dinars, and our reserves have exceeded 100 billion dollars.“

Militia Man – Dinar Guru  They’re maintaining control of the general level of pricing, they’re controlling inflation, reducing both in the management of monetary mass.  Reducing the monetary mass, what does that do?  If you take money out of the system, there’s less of it…You have more value.  They’re reducing the money supply.  Inflation rate was at 7.5% now it’s down about half of that 3.8%.  If they reduced inflation by almost 50%, then wouldn’t that likely be reasonable to presume that they reduce the monetary mass about the same amount?  It sure seems like it.

Mountain Goat – Dinar Guru    Article:  “AL-ALAQ: THE VOLUME OF CURRENCY IN CIRCULATION EXCEEDS 100 TRILLION DINARS”  Quote:  “Today, we have more than 100 trillion dinars in circulation (issued currency), not all of the money supply, and reserves of more than 100 billion dollars, which means that the Central Bank has achieved an important basis for monetary stability,” explaining that “inflation is the basic measure of the Central Bank’s ability to perform its mission and basic function. It is less than 3.8%, which is considered a typical percentage that actually achieves stability and prosperity.”

Pimpy – Dinar Guru  I never said it was definitely going to happen one way or the other [Drop the zeros off the currency before they change the rate or after].  What I’m saying to you is be aware that these two things are there because you might wake up one morning, hear the rate changed happened, you’re excited but then you find out too that the deletion of the zeros took place.

Samson – Dinar Guru  Article: “Al-Sudani congratulates Al-Mashhadani: We renew the legal and constitutional commitment to support the supervisory role of the House of Representatives

Militia Man – Dinar Guru  The optics are great for the country because they have all three presidencies in place at this stage.  You’re going to see some of the language that’s going to be used by one of the presidents, now there’s three…The new guys has already done a good job.  He knows the ropes…His past history dates back a long time…2003/2004 in  that ear…  It’s over, the country has a new Speaker of the House of Representatives.  Congratulations to the legitimacy of the government.

Mountain Goat – Dinar Guru   In an article…“AL-SUDANI SUMMARIZES HIS GOVERNMENT’S ACHIEVEMENTS TWO YEARS AFTER ITS FORMATION“ …in the two decades of following this RV saga, I have never seen such a progressive prime minister. He is hitting all the reforms we should and are expecting…the currency reform. He has told the population many times already to expect it and its coming soon.

Samson – Dinar Guru  Article: “Central Bank Governor: Foreign reserves exceed 140% of local currency issued“

Mountain Goat – Dinar Guru  There is NOT going to any “big lines” or celebrations in Iraq when they revalue in country. The only thing that will happen is that they will go on with life and know they have more purchasing power, but only after the reinstatement  happens…They are catching up to the rest of the developed world. Also, you must remember too that the government along with the CBI is constantly now telling the citizens they are going to raise the value of the dinar to the “glory days” of the dinar. [Post 1 of 2….stay tuned]

Mountain Goat – Dinar Guru   …the CBI is now also broadcasting the videos they produced by the committee, in which my CBI contact told me earlier this year, were being produced and ready for showing, but back then we were told – not yet. Now they are being shown to the public. Yes, it is time and so yet another clue things are close…If you talk to almost any citizens now in Iraq, they will tell you that they expect this event to happen soon.    [Post 2 of 2]

Pimpy – Dinar Guru  This is my one and only concern.  We got freaking elections coming up again.  I’m hoping Al- Sudani is out there making his pitch for people to keep him…Sudani has been doing so much changes/reforms making huge change and doing a lot of great things for the Iraq people against the will of the Coordinating Framework.  They’ve been bumping heads.

Mountain Goat – Dinar Guru  Remember about the Cash Center that recently opened to receive the stashes and hordes of dinars. The first point is these were dinars NOT dollars…These are NOT exchange centers. They are simply depositing their hoards of dinars in the bank and putting them into electronic form…They are staying in dinars, NOT U.S. dollars… these centers  show us some success of just the beginning stages of the process to delete the zeros. This is part of the process is to collect  these stashes of notes. These are not only needed for liquidity in the banks but also to coincide with the shrinking of the monetary mass that is needed to raise the rate of the dinar, when they do pull the trigger on the higher “official” CBI rate in- country.

Clare – Dinar Guru  Article: “What does the closure of the Central Bank platform at the end of the year mean? The Association of Banks explains”  Quote: “…closing the electronic platform…will not affect businessmen and the market...as they will quickly adapt and the market will return to normal, and the foreign trade process will be enhanced through correspondent  accounts…Iraq has 6 banks that have American correspondent banks, and 15 banks that have correspondent accounts with other countries to deal in different currencies.“

Militia Man – Dinar Guru  The black market is having pressure put on it now and it’s going to cease in the near future.  They said by the end of the year.  The dollar auctions will be gone anyway.  But between now and then they’ve reduced it.  Well over 95% of all transactions are done outside of the black market...The black market is relatively insignificant but it’s still affecting the citizens. 

Militia Man of Iraq decided to reduce the internet rate and activate securities…Analysts expect an increase in reliance on the Iraqi dinar as a base currency...It’s expected the activation of a new dinar instrument will contribute to enhancing local liquidity…”  A base currency is going to make you guys really excited.  What is a base currency?  Base currency is the first currency in a pair of currencies being traded in the Forex Exchange Market.  The second currency is called the quote or counter currency …They’re talking about it’s not the US dollar that the base currency.  It’s going to be the Iraqi dinar…I’m really pumped and excited…!  If that doesn’t tell you these guys are gearing to go international I don’t know what does… Powerful information!

Mountain Goat- Dinar Guru   Article:  “REMOVING ZEROS AND REVALUING THE IRAQI DINAR”  Yet another article on removing the zeros? We must be getting very close.

Militia Man – Dinar Guru  You haven’t seen the investment side of the 2024 budget.  That’s where everybody should be paying attention.  If you own dinar you should be paying attention…They haven’t exposed the 2024 investment side of the budget.  Why?  In my view it’s exchange rate oriented… They need the exchange rate so they have the final accounts…

Clare – Dinar Guru  Article: “Planning: Census operations will continue for two weeks starting from November 20”  Quote: “The Ministry of Planning confirmed today, Friday, that the date for conducting the census on November 20 is fixed and unchanged, while it indicated that its operations will continue for two weeks until December 3, 2024.”

Samson – Dinar Guru Article: “Financial expert to Nina: Iraq must take several steps to transform its economy from a rentier to a multi-revenue economy“

Nader – Dinar Guru  Let me tell you something about trading the dinar – We already start trading the dinar with other countries.  Now I can take the dinar to anywhere in the Middle East or North Africa and exchange it.  In American, Canada Australia, Europe I cannot yet.

Pimpy – Dinar Guru   With all the gold and all the foreign reserve assets have been built up, they’re able to protect the dinar value which is a huge step for Iraq.  Which is what any investor coming into Iraq wants to know.  They’re worried about fluctuations in the exchange rate and now Iraq gets to say, look we got 150 tons of gold we got $115 billion in foreign reserve currencies.  They have the ability of protecting the Iraqi dinar from any crazy fluctuations or any kind of speculation attack against Iraqi dinar.