Clare
Clare – Dinar Guru Quote: “The US Republican representative … demanding sanctions on the government-owned Rafidain Bank, accusing it of being a ‘machine’ for laundering money for the Iranian regime…Wilson wrote in a blog post on the X ….’the US Treasury and the Federal Reserve, under Joe Biden…have allowed Rafidain Bank…to become a money laundering machine for the Iranian regime and its agents to obtain US dollars.’ The Republican representative stressed the need to ‘impose sanctions on this bank’… noting that President Donald Trump ‘will fix the matter’….
Mountain Goat
Mountain Goat – Dinar Guru The governor of the CBI knows the Dr Shabibi plan and it can not be stopped. It can be delayed but the reforms move ahead in spite of the U.S. foreign policy of the past. However, it also took a decent prime minister like Al-Sudani to move it ahead regardless. Remember the Nori Al-Maliki days. Yes, this was yet 8 more years of wasted time…All we need to do is take a good hard look at the last couple years of progress under Al-Sudani and we can clearly see a change. This took strong leadership and dedication to the White Paper reforms. This is where we are today. They are now at the point in spite of all the corruption they have made it to the finish line but now they need a push over it...
Militia Man
Militia Man – Dinar Guru This weekend is going to be a very interesting time frame for us. It’s really a critical time for us…they even use the word ‘crucial’…They definitely have a critical time as far as I’m concerned…
Samson
Samson – Dinar Guru Article: “Our relationship with America will become stronger with an initiative that Al-Sudani will announce soon.. Expectations of his advisor”
Clare
Clare – Dinar Guru Article Quote: “Saleh told {Euphrates News} that: The gold reserve is undoubtedly an important part of Iraq’s foreign exchange reserves, as it contributes to enhancing financial stability and confidence in the national currency. According to the announced data, gold reserves have reached about 152 tons. The approximate value of it in the country’s foreign investment portfolio is about $14 billion, which constitutes about 13% of the total diversification of that portfolio“
Mountain Goat
Mountain Goat – Dinar Guru We are already seeing that Iraq is being elevated to a high status on the list of issues for Trump’s agenda. He is not going wait long to handle Iraq. Iraq is ripe now and as a business man Trump must see it too. The opportunities in Iraq are boundless, but they are ripe now…
Militia Man
Militia Man – Dinar Guru We are watching Iraq be reborn into a digital age. A new economic renaissance is underway now. The gears of progress being witnessed by all of the world effectively are front and center. There is no stopping Iraq’s direction she is taking. It is an awesome thing to watch.
Samson
Samson – Dinar Guru Article: “Senior US Treasury Official Travels to Iraq to Counter Illicit Finance”
Mountain Goat
Mountain Goat – Dinar Guru Article: “HANTOUSH: ELECTRONIC PAYMENT REDUCES THE COST OF PAPER CURRENCY AND SUPPORTS ECONOMIC TRANSPARENCY” …in early January the Finance Committee said this was their goal to market the electronic payment process and I know from my CBI contact that this had to be accomplished to conduct the Project to Delete the Zeros. Well… they are telling us this is now successful and done. What next?
Clare
Clare – Dinar Guru Article: “Between economic experts’ warnings and government denial, the value of the Iraqi dinar is at stake” Quote: “…the Iraqi government has any intention to reduce the value of the dinar against the dollar, despite rumors indicating upcoming measures to confront economic pressures and challenges in the international market…Any change in the exchange rate during the current stage or within the 2025 budget schedules will lead to negative results, and that is why the government is committed to strengthening the current rate.“ THE POINT OF THIS ARTICLE IS THAT THEY WILL NOT DEVALUE! RUMORS ARE BEING SQUELCHED. IMO THESE ECONOMISTS ARE NOT GOI OFFICIALS..
Sandy Ingram
Sandy Ingram – Dinar Guru We learned the state owned Iraqi Midland Oil Company said it has discovered huge oil reserves in the East Baghdad oil field… quote “The new discovery is expected to add more than 2 billion barrels to Iraq’s oil reserves.” Iraq is floating on oil…According to previous surveys by the US government there is much more oil to be discovered in Iraq.
Samson
Samson – Dinar Guru Article: “Iraq on the threshold of an economic renaissance.. Al-Sudani’s advisor reveals plans for the next stage“
Militia Man
Militia Man – Dinar Guru After 21 years Article 140 looks to be completed to me. This is a major sign that Iraq is going to get the people their purchasing power…Oil going to flow next, electricity is going to be flowing. There’s no coincidences, the money is going to start flowing.
Clare
Clare – Dinar Guru Article: “Our relationship with America will become stronger with an initiative that Al-Sudani will announce soon.. Expectations of his advisor” Quote: “Al-Din, the Prime Minister’s advisor for foreign affairs…expected Prime Minister Mohammed Shia Al-Sudani to announce a pioneering financial initiative that he said could change the business landscape in Iraq and strengthen its relationship with the United States.”
Mountain Goat
Mountain Goat – Dinar Guru Article: “IRAQ BOOSTS FINANCIAL STABILITY WITH HUGE DOLLAR AND GOLD RESERVES IN US, EUROPE”. …Boy, oh boy they are teasing us dinar investors once again. They are flaunting their wealth once again but the IQD is still at 1/6 of a penny and NOT traded on FOREX? Meanwhile Iraq has 43% more oil reserves than Kuwait…and just founded two more major wells besides….Kuwait is at 1 KWD = 3.25 USD on FOREX…If we pay attention we can see the writing is on the wall and their economists see it now too.
Mountain Goat
Mountain Goat – Dinar Guru …Next, the CBI has specifically told us many times these larger notes will still exists and will be used behind the scenes for “inter-banking” transactions. Of course they will be taken out of the mainstream circulation but will still remain as legal tender…My CBI contact also told me the CBI was forced politically to print these notes because of the demand to satisfy the visually impaired…The fact that these notes will still remain legal tender even after the Project to Delete the zeros should make you feel good. No, they CBI is not going to screw us investors. [Post 2 of 2]
Samson
Samson – Dinar Guru Article: “Chinese Ambassador: Trade with Iraq Reaches $50 Billion, Yuan Transactions in Early Stages“
Militia Man
Militia Man – Dinar Guru …Progress is happening. They don’t have to tell us everything…That’s not their job. They can’t just say, ‘We’re going to revalue the currency tomorrow at $4 or $2 or $1 because it’s like insider trading…That’s not going to happen but what they are doing is they are giving you data to some extreme especially since al-Sudani has taken office.
Sandy Ingram
Sandy Ingram – Dinar Guru The Iraqi dinar faces several potential scenarios for its value in 2025…One possibility is a gradual appreciation in value…The country’s vast oil reserves are its economic backbone. If global oil prices remain high and Iraq increases production, the influx of foreign currency could strengthen the dinar. Additionally… diversifying the economy and reducing corruption could boost investor confidence and attract foreign investment further supporting the currency’s value. On the other hand the dinar could remain stagnant or face depreciation… If global oil prices drop significantly, Iraq’s reliance on oil revenues could strain its budget and weaken the dinar. Inflation or issues in managing monetary policy might also negatively impact its value. [Post 1 of 2]
Sandy Ingram
Sandy Ingram – Dinar Guru Another scenario is a potential revaluation or redenomination of the currency. This could occur if Iraq’s government and Central Bank aim to simplify transactions and improve the currency’s global perception. Such moves often depend on strong economic fundamentals and international support. Ultimately the future value of Iraq’s currency will hinge on a combination of political stability, economic reforms, global oil markets and the country’s ability to manage these factors effectively. For now the dinar’s prospects remain uncertain with opportunities for growth balanced by significant risks…For now the dinar remains a speculative currency… [Post 2 of 2]
Jeff
Jeff – Dinar Guru The critical part is we want to see them advance to the [budget] schedules but the rate has to change before the schedules can be approved…The schedules are the line items in the budget that are calculated off of the new currency value.
Kaperoni
Kaperoni – Dinar Guru X Tweet – Iraqi Embassy in Washington “The U.S.-#Iraqi relationship is strengthened by deeper economic ties. #Iraq 🇮🇶 welcomes U.S. investment in all sectors under a business-friendly @realDonaldTrump administration.“
Militia Man
Militia Man – Dinar Guru Article: “The Kuwaiti dinar currently is the strongest currency in the world… 31 Kuwaiti dinars for every US dollar.” If you do the math it turns out to be about $3.22… Quote “It’s worth noting Kuwait has about 7% of the world’s oil reserves which greatly supports the value of the currency…According to 2023 data Iraq has significantly more oil reserves than Kuwait with Iraq holding approximately 145 billion barrels of oil compared to Kuwait’s 101.5 billion…” Iraq has 43% more oil than Kuwait. [Kuwait’s] currency is strongest in the world…Iraq has the ability to be at least 43% more valuable based off oil, let alone their non-oil revenues…Pretty exciting times!
Militia Man
Militia Man – Dinar Guru Iraq’s got 43% more oil than Kuwait. What [Kuwait] doesn’t have is non-oil revenues. It’s very powerful. It shows Iraq is totally capable of having a real effective exchange rate that could be at least competitive and similar to the region.
Sandy Ingram
Sandy Ingram – Dinar Guru Article: “Iraq’s gold reserves significantly increased” [Iraq’s] gold reserves grew by 57% in 3rd quarter of 2024. The value of Iraq gold reserves rose from 10.7 trillion Iraqi dinars, which is $8.1 billion USD, in 2023 to 16.8 trillion dinar or $10.6 billion USD in [2024]. According to the World Gold Council, Iraq now holds 152.6 tons of gold raking as the 29 largest gold holding country globally and 3rd in the Arab world after Lebanon and Saudi Arabia.
Militia Man
Militia Man – Dinar Guru Article: “Iraq launches new banknotes with innovative security signs for the visually impaired” It seems like it’s new currency. I don’t have any currencies…that you can feel bumps… Quote: “The public will have enough time to adapt to these new bank notes…The Central Bank confirmed the new bank notes will be traded along with the old ones and there will be no intention to withdraw old bank notes from circulation.” Remember, they’ve already withdrawn a lot of notes out of the system…They were actually destroying…perfectly good money… [Post 1 of 2…stay tuned]
Militia Man
Militia Man – Dinar Guru Quote: “The Central bank of Iraq reviewed the excellence enjoyed by Iraqi bank notes as they are one of the most complex security marks and were manufactured from the best types of paper used in printing bank notes to ensure quality and safety.” They show older currency of course but they’re not going to share with you the new currency because of counterfeiting…You ask yourself, well, they’re going to be reproducing new 25k notes for 1310 as an exchange rate to the US dollar? Why are you doing that now? You already have many security features, the 25k note is full of them…Do they really mean new notes? I think they do. [Post 2 of 2]
Clare
Clare – Dinar Guru Article: “Iraq issues new banknotes with innovative security features for the visually impaired” Quote: “The Central Bank of Iraq confirmed that the new banknotes will be circulated alongside the old ones, and there will be no intention to withdraw the old banknotes from circulation.“
Mountain Goat
Mountain Goat – Dinar Guru …economic expert Nabil Jabbar Al-Tamimi is saying they are ready for FOREX after implementing all these banking and financial reforms. The White Paper reforms have been successful. It is time to move to the next stage which is……? Well folks financial and banking researcher Mustafa Hantoush just pointed out to us what the next stage should be. Yes, I mean FOREX! I do not see the Trump era administration not seeing the necessity for going to FOREX with all the progress of the reforms to move to the next stage. I am sure the US Treasury will agree. …I am told by [my] CBI contact…that they…are giving Iraq a “thumbs up” to move ahead.
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