Dinar Observer Daily

Sandy Ingram – Dinar Guru  Al-Sudani met with the Iraqi community in Washington DC and other American states on the sidelines of his official visit to the United States.  Al-Sudani conveyed gratitude to the Iraqi communities in the US and throughout the world, emphasizing that Iraq is for all Iraqis and that the country needs the knowledge, experiences, opportunities and initiatives of Iraqis in the U.S.  The prime minister indicated the Iraqi government is working on establishing a department for expatriate affairs to be able to communicate effectively with the Iraqi community around the world…

Militia Man – Dinar Guru  Al-Sudani’s visit to the White House…we know he’s already done that…They brought about 130 different people with them.  I think they said three planes worth…That [Large] motorcade yesterday in WDC was so very telling in just how important today and tomorrow will be. If you are not excited by now? Wake up!

Clare – Dinar Guru  Article: “Prime Minister Muhammad Shiaa Al-Sudani met this Monday evening (April 15, 2024) with US President Joseph Biden at the White House in Washington, DC.  Al-Sudani said during the meeting, “We are working to move from the military relationship to a full partnership with the United States.”

Mountain Goat – Dinar Guru  Article:  “IRAQ’S FINANCIAL REVENUES EXCEED 11 TRILLION DINARS (about 11 Billion US Dollars) WITHIN A MONTH”  Yes, even in a “rentier” oil economy the Iraqi dinar can still maintain a realistic rate of at least $3 or more…

Clare – Dinar Guru  Article: “His advisor: Sudanese attention will focus on the economy during his meeting with the American President”  Quote:  “Counselor Saleh believes that the economic aspect (investment, development, and financing) will be activated for the first time in this broad form of the strategic framework agreement in order to be consistent with the data and principles of the program.”

Militia Man – Dinar Guru  Article:  “Sudanese visit..Government advisor: The economy with America will be activated on a large scale for the first time”   The red carpet is laid out for Iraq and the news we see is phenomenal … That motorcade shows it. This is not a shun like we saw with Haider al-Abadi on the White House lawn.. A stark and profound difference today is and it is a good thing!

Mountain Goat – Dinar Guru  … I am not sure why, but this Kuwaiti dinar has been in the news so much lately…Remember Dr. Shabibi told us that when Iraq does get reinstated its nominal rate will be no more than around 25% higher than the Kuwaiti dinar.  Remember this is when the Iraqi dinar finally settles down to its nominal after the onslaught by the market once reinstated for trading. Does this mean the Kuwaiti dinar could also revalue? …quote – “the Kuwaiti dinar has maintained its position as the most expensive currency in the world for many years, and its exchange rate against the dollar is currently 1 to 3.25…”  …Will the Iraqi dinar over run the long-standing Kuwaiti dinar in its position as the most expensive currency in the world? …we can clearly now see something BIG is about to happen to these currencies.

Sandy Ingram – Dinar Guru  On April 15th President Joe Biden will hold Prime Minister Al-Sudani of Iraq at the White House.  This meeting is a crucial opportunity for the United States and Iraq to discuss common priorities and strengthen their bilateral partnership.

Pimpy – Dinar Guru  Iraq is right on track to do some great things.  They’re going to continue to do that.  Let’s get this coalition forces out of there plus the United States military, which is why I think Al-Sudani is coming over here to talk to the president to see about getting these people out of there and leaving Iraq on it’s own devices.  We’ll see what happens from there…

Clare – Dinar Guru  Article: “Iraq 24 sources: Al-Sudani will meet a delegation from the Energy Companies Complex in Houston, which includes the largest oil, gas and alternative energy companies“

Militia Man – Dinar Guru  [Sudani] is going to need some exceptional strength, which is exchange rate oriented to do business deals with the likes of GE…big oil companies…big solar energy…They’re looking to get people in the steel industry, rebar industry, cement companies because they’re going to need more than Iraq has on the ground.  They’re going to want the support from around the world and Al-Sudani is stating he’s ready for business and opening to the world.

Mountain Goat – Dinar Guru  Shafaq News Agency followed the data and tables issued by the Ministry of Finance in April for the January accounts of the current fiscal year, which showed that oil is still the main resource for Iraq’s general budget, reaching 89%, which indicates that the rentier economy is still the main basis of the country’s general budget…the “rentier” economy is the oil economy of Iraqi. But…even with the “rentier” economy alone the Iraqi dinar can still maintain a realistic rate of at least $3 or more and this is not considering all the other assets and the 2/3 more oil Iraq is pumping and selling since 1991 when the dinar was just around $3.

Pimpy – Dinar Guru  The more they get their sovereignty back, they’re already on the Swift system, they’re working their way through the World Trade Organization, it’s just a matter of time before they remove all restrictions and we can start buying them [Iraqi dinars] through the banks again…

Militia Man – Dinar Guru  Iraq has met the required security and stability in country that is needed to be productive and to perform her duties as a nation to her people in a correct and internationally acceptable manner. If she hadn’t she wouldn’t be where she is now, which is out from under the protection of EO 13303 outside the DFI.

Samson – Dinar Guru  Article: “Al-Sudani to American companies: The current stability in Iraq is encouraging for you to engage in development projects“

Mountain Goat – Dinar Guru   the TRUTH finally coming out in the Iraq news. We don’t have to guess, it’s in all the news channels from Iraq now. Yes, the Iraqi dinar and the future revaluation of it is on the agenda for the April 15th visit of the Iraqi prime minister Al-Sudani to Washington, DC…The next stop is the in-country rate if all goes well that we should expect shortly after Al-Sudani’s return from Washington DC.  We then know the rest of the process and what happens next…We can almost see the finish line as the train is about to come around the bend.

Clare – Dinar Guru  Article: “Al-Sudani: Meeting with Biden is an opportunity to put the two countries’ partnership on a new basis and expand relations”  Quote: “Prime Minister Muhammad Shiaa Al-Sudani saw the meeting he will have with US President Joe Biden during his visit to Washington next Monday as an opportunity to put the US-Iraqi partnership on a new and more sustainable basis.”

Samson – Dinar Guru  Article ”The prime minister’s visit to Washington. Activating the economic partnership is one of the sectors of the Strategic Framework Agreement“

Militia Man – Dinar Guru  Al-Sudani was supposed to be in Washington on the 15, well it sounds like he’s arrived and it sounds like he has the Central Bank delegation with him and it sounds like Al-Alaq is with him which would be a really good thing…They said he was going to be here on the 15th, it turns out he’s early which is phenomenal…

Pimpy – Dinar Guru  For those of you thinking that all of a sudden some ‘Real Effective Exchange Rate” is coming along and then all of a sudden the value of the dinar is going change, that’s not what they’re talking about.  The one we’re looking for any changes to happen to would be the ‘Official Exchange Rate’...

Sandy Ingram – Dinar Guru   The upcoming visit by the Iraqi Prime minister to Washington DC is a significant event packed with potential and fraught with challenges.  The meeting is expected to address a range of issues from the fight against the Islamic State…to Iraqi financial reforms… As the clock ticks down to April 15, the world watches with bated breath.  Will this be the turning point that ushers in a new era of cooperation between the United States and Iraq?  Time as they say will tell.

Clare – Dinar Guru   Article:  “The Central Bank is preparing a report to lift the ban on 28 Iraqi banks“

Militia Man – Dinar Guru  Iraq is getting ready to go international and they are going to become a powerhouse in the world because they have a lot of value.  They have a a lot of assets.  They have natural resources to the extent…they’re 1st, 2nd, 5th, 10th in the world of having the biggest deposits in the world.  They also have one of the youngest populations and growing populations…The WTO and the World Customs Organization are probably chomping at the bit waiting for Iraq to do what? Give themselves a Real Effective Exchange Rate and to move forward…

Pimpy – Dinar Guru  You guys are still saying the LOP and the deletion of the zeros are two separate things.  It’s the same damn thing…LOP, the deletion or the zeros, the removing of the zeros, the reducing of the zeros are the same thing.  It’s called a re-denomination…When a country re-denominates the old currency is no  longer any good…

Mountain Goat – Dinar Guru   Does Iraq need the Oil and Gas law in place prior to the RV?   I have to tell you that there is nothing in the 2011 Dr Shabibi plan that tells us it does. Remember back in 2012-2013 he had signoffs from everyone and was moving forward. Did they have the Oil and Gas Law passed. Of course not. So, I believe anything is possible.

Pimpy – Dinar Guru  Iraq is transforming in a very quick and powerful way is great news…The fact they’re able to accomplish all these projects and there are a lot of huge projects being accomplished somehow with an exchange rate of 1320…

Militia Man – Dinar Guru  Al-Sudani is coming to America and hopefully coming home that he has accomplished everything in Iraq’s favor as a whole.  So give or take, whether it’s before he comes home or after he comes home Iraq is going to be whole.   That means everything is in Iraq’s cards…they have the ability to be sovereign again.  That’s what we’re waiting for.

Fnu Lnu – Dinar Guru  Iraq is worth far more than 16 trillion dollars and there is far less than 80 trillion in circulation…To espouse such inciting commentary [against this]…negates everything Dr. Shabibi has stated and everything the CBI and GOI have stated. The Dinar was worth $3.22 pre-sanctions and at that time all they had was oil at $32 dollars a barrel…

Clare – Dinar Guru  Article: “Office of Mr. Al-Sistani: It is expected that Wednesday will be the first day of Eid Al-Fitr”  Quote:  “The office’s forecasts for the crescent times for the Hijri months indicated the possibility of seeing the crescent of Shawwal tomorrow, Tuesday, so that Wednesday will be the first day of Eid al-Fitr.”

Sandy Ingram – Dinar Guru   Iraq’s prime minister will be in Washington, DC in less than 8 days to meet with President Biden.