Dinar Observer Daily

Mountain Goat – Dinar Guru    Iraq records the highest oil revenues since the start of 2023 which is also 2/3 more oil pumped than in 1991. The dinar rate in 1991 was over USD $3.  So why is the currency still being under valued? Yes, it is important to get out of a “rentier economy” based solely on oil and this will also create yet more wealth. But what about right now…I am talking about today!   Doesn’t the oil wealth mean anything? Doesn’t the 113 billion in reserves and 132 tons of gold mean anything? Not to mention all the minerals and agricultural products being exported. So why still at 1/6 of a penny?  [post 1 of 2]

Mountain Goat – Dinar Guru   I address this question to guru Kaperoni who still thinks Iraq has to grow their economy first to get the current TRUE VALUE of their currency reflected in their rate.  SO grow it to what standard? What is the benchmark when they would turn on their currency? Did they shut it off because of the war and so the war has been over for 20 years. Yes, that is Obama’s plan not Dr Shabibi and it is a bad plan and will not work.  Iraq needs its currency to grow the country and it’s economy.  [post 2 of 2]

Kaperoni – Dinar Guru  I assure you the dong will also remain weak since Vietnams economy has to compete with China for mfg contracts.

Militia Man – Dinar Guru  Article: “Thousands of people demonstrated in Doha Governate Tuesday morning against the federal government’s policy of not granting the rights of the people of the Kurdistan region and represented by the monthly salaries of employees...” …People want their money.  You have to ask the question, Why have they gone from July and into September and they’re being placated.  For what reason.  What do they know is keeping them at bay?  …they’re not going to stand for not getting paid…

Pimpy – Dinar Guru  Looks like Russia and Saudi Arabia agreed together to keep [oil] production low until the end of 2023.  This is definitely going to drive the price of gasoline up…As soon as that announcement was made, oil jumped up to above $90…

Clare – Dinar Guru   Article:  “Iraq maintains its credit rating with a stable outlook”  Quote:  “A report by Standard & Poor’s Credit Rating Agency (S&P) revealed that Iraq maintained its credit rating at B – / B with a stable outlook, with an emphasis on financial and economic stability.”

Breitling – Dinar Guru  The [CBI] governor flat out said they cannot float the dinar...I think the governor of the CBI knows what he’s talking about…

Kaperoni – Dinar Guru  Article:  “Tabaqchali: Banks to Fuel the Iraqi Market’s Next Phase”  A step to diversify Iraq’s economy.

Mountain Goat – Dinar Guru    Some intel gurus want you to believe the “official” dinar rate is now set at 1130 and the CBI has not yet changed their site. This is not true, however I believe this is their next target rate and maybe the last rate change prior to moving ahead once again aggressively with the plan for the reinstatement. Seems this dollar issue has stalled their plan for now but they will overcome it as they always do but it takes time.

Pimpy – Dinar Guru  For those of you buying dinar off eBay: 1. You better make sure they’re not counterfeit dollars… 2.  Make sure when you go to make your purchase that you’re not spending way more money than the dinar is worth…just be very careful you’re not paying way more than necessary…

Militia Man – Dinar Guru  Now we see stuff about the oil and gas law which I don’t think they’re going to expose it.  It could be 100% finalized until after an exchange rate change…the exchange rate is necessary for the oil and gas law…

Kaperoni – Dinar Guru  There are two possible scenarios for the Iraqi dinar.  One of which is not good for us as investors, which is a redenomination/LOP also referred to delete the three zeros.  I believe much of this talk is just talk to curb speculation. This also could have been done years ago.  The other option is to float the dinar which is the most logical option. Which allows the dinar to actually rise in value over time based on the  growth of their own economic success, and  increase in GDP. This is the most likely outcome.

Sandy Ingram – Dinar Guru   Article:  “Iran could attack Iraq beginning September 19th”   Military actions could destabilize our currency investment.  This is frightening.  Six different Iranian-Kurdish political groups have established a presence in Iraq’s Kurdistan region.  Iran has accused these groups…of instigating and starting the protests that lasted months in Iran in September of 2022.  More than 300 people were killed in the protests…No one doubts Iran will attack Iraq’s northern Kurdistan region on September 19th.

Clare – Dinar Guru  Question:  “Do you think the Oil & Gas Law will get approved 1st or the Rate Change?”   I think the rate could come any time, even first,  because the major agreements to the HCL are met & that too is waiting for a rate (publicly).   As you know, they don’t tell us everything …nor do they have to…

Breitling – Dinar Guru  As far as Iraq revaluing their currency there is no more problems…If they’re going to be regional you’ve got to look at Iran, Saudi Arabia, all these local currencies…and you can average out the value of the currencies of the Middle East…They need to maintain that balance.  Either way it’s going to be a major revaluation.

Pimpy – Dinar Guru  Somebody reached out to me and said, ‘Pimpy what do you think of this [Ebay] deal?’  For $37 you get 5,000 dinar…5,000 dinar is equal to what?  $3.80.  Don’t get caught up or trapped in that kind of thing.  Make sure when you’re buying dinars you’re not spending a ridiculous amount of money higher than the actual value…

Militia Man – Dinar Guru  Iraq is ready to go international.  What we’re hoping and praying for is they show us an Article VIII compliant exchange rate and show us their new currency they’re going to be using in the near future.  I think those new small category notes that were printed back in 2018 need to get exposed to the world…

Mountain Goat – Dinar Guru  Article:  “SPECIALISTS CALL FOR A REVIEW OF THE IRAQI FINANCIAL SYSTEM”  Quote:  “…the financial and administrative system in Iraq needs to be restructured…”  …of course Iraq does not need all these structural changes to reinstate their currency as the value is already in the dinar with the oil market. Building the economy will only enhance the dinar and bring the rate up even more…

Kaperoni – Dinar Guru  Community Comment “The US is
allowing the dinars (we hold) to go directly to the us treasury against the Iraqi debt to the US.”  Bullshit.

Breitling – Dinar Guru    There’s nothing wrong with cheering the dinar is going to revalue.  There’s nothing wrong with being wrong if it doesn’t revalue.  BTW I don’t think I’m wrong.  It’s a principled based investment and there’s plenty of future coming for the Iraqi dinar.   Trust me, there     just is…

Kaperoni – Dinar Guru  Community comment “Who cares what the Dinar is for, as long as long as the Treasury wants it from us.  This is what Kap has missed all these years.  EO 13303 says it all”  13303 has nothing to do with the dinar. I’ve been studying Iraq for almost 18 years, you’ve been misled… Unlikely your dinar will ever go to the US Treasury. Various other central banks around the world, maybe.

Pimpy – Dinar Guru  Article: “Record number of new firms seen in eight months”  This is great news for Vietnam, their economy as well as their currency.  As long as the economy continues to get strong we will see the exchange rate increase over the US dollar.

Militia Man – Dinar Guru  It hasn’t been their job to tell us everything.  It’s because we’re outsiders.  It’s their country and they keep it to themselves as best as they possibly can.  We should be able to understand that that’s a big component of this whole process…

Mountain Goat – Dinar Guru   …according to my conversation with my CBI contact in Iraq…I was told that there is still concerns about the dollar and the smuggling of dollars out of Iraq…There is still work to be done in this area. It was also confirmed to me that the CBI did intend to conduct the project to delete the zeros sooner than later but there are obstacles to moving ahead that still need work. [post 1 of 2]

Mountain Goat – Dinar Guru  Yes, there is always the possibility that the CBI could surprise everyone and they could suddenly push this forward. But…They have told me over and over again that when they get ready to do it there will be no secrets to the progress of the project to delete the zeros. This step will be announced and shown to the world… But here is the good news, The “secret” lies…in the redenomination in that the next step afterwards is the reinstatement and the liberalization of the dinar back to its “former glory”.  [post 2 of 2]

Kaperoni – Dinar Guru   I have always believed the dinar can rise in value significantly but it’s not going to happen overnight.   If the dinar is going to rise it will rise gradually as a result from the success and growth of Iraq’s own economy…private sector investments and of course an increase in their GDP.  In order for that to work Iraq needs to make the dinar their main currency in Iraq…and implement their new Securities Law…and they can begin to float the dinar…

ToyVP – Dinar Guru  Article:  “Iraq rises to 49th in global economies ranking for 2023”  Quote:  “Iraq has climbed to the 49th position in the list of the world’s largest economies for the year 2023, a notable advancement from its 52nd rank in the previous year, as per a report by the International Monetary Fund (IMF)…Iraq has secured the fourth spot among Arab countries for the second consecutive year.”

Samson – Dinar Guru   Article:   “Iraqi-American” judicial negotiations to extradite those accused of “theft of the century“

Militia Man – Dinar Guru  What’s this business about this 1132 that Alaq mentioned?  Alaq is the central bank governor…He said the official exchange rate for the Iraqi currency is 1132…A lot of people are going, ‘Well that’s not true!’.  The fact remains…he said it...as the official rate of the Iraq dinar but it’s not on their website.  I’m not making it up.  I’m not giving you accusations…it’s proved…

Pimpy – Dinar Guru  The future looks promising for Iraq it’s just that every time we try to get to a good point one thing after another pops up preventing Iraqi people from being prosperous.  But I still have faith in Iraq and I still keep their currency and so should you…I believe the Iraqi dinar will go up in increments.  I still believe that today and I will still hold on to my Iraqi dinar because I do think it’s a good investment.