Dinar Observer Daily

Clare – Dinar Guru  Article:  “An “unannounced” visit and a surprise landing in Baghdad.. Blinken to Al-Sudani: We are committed to supporting Iraq”  Quote:  “Blinken referred to the pivotal role of Iraq, and stressed that it represents a key partner in the region, and the importance of consulting with it on the current developments witnessed in the region, and that the members of the international coalition are committed to the security, sovereignty and stability of Iraq“

Clare – Dinar Guru  Article:  “Most notably Trump and Macron.. Nechirvan Barzani meets world leaders in Paris”  Quote:  “In response to an official invitation from French President Emmanuel Macron, Nechirvan Barzani, President of the Kurdistan Region, participated… along with a number of world leaders and presidents, in the reopening ceremony of the historic Notre Dame Cathedral in Paris.”  [Dinar Guru Note:  Photos from the event show Barzani speaking with Trump and another with him speaking with Elon Musk.  There were no photos of reports of Sudani in Paris at this time.”]

Sandy Ingram – Dinar Guru  Iraq is in a fragile status. Anytime there is a concern about external forces upsetting Iraq’s progress [we] feel obligated to inform IQD investors. The situation in Syria is more urgent than most of us realize... Video Quote:  “…The take over of Aleppo by an Islamist rebel group, the US has designated as a terrorist group, has alarmed residence and officials in neighboring Iraq.  Residents in Mosul are particularly concerned…as it shares a large border with Syria. Mosul was overrun and ruled by Islamic State Militants from 2014 to 2017…Residents in Mosul are concerned the fighting in Syria…might embolden rebel sympathizers in Iraq.“

Samson – Dinar Guru Article: “E-Payment Team: Iraq will witness a major electronic transformation next year“

Clare – Dinar Guru  Article: “Banks are the most traded sector in the Iraqi market in terms of value.” Quote: “The Securities Commission announced today, Wednesday, that the banking sector was the most traded on the Iraq Stock Exchange in terms of value for the third quarter of 2024“

Militia Man – Dinar Guru   Deadly “Dutch Disease”.  It’s when countries are reliant [solely] on natural resources.  When commodity prices drop, their budgets get affected.  It’s very painful…It’s bad because it devalues their currency because  they don’t have…the ability to buy and pay for things and pay back debt.  But if you have…non-oil revenues…tourism…development road project…ports…taxes and tariffs [you can win]…They used Saudi Arabia as an example because…they were [successful] using non-oil revenue streams.  That’s what Iraq is poised to do and it’s an awesome thing to see…

Mountain Goat – Dinar Guru  So, what is this dream of Al-Alaq? …Al-Alaq has told us he strongly supports the dinar of the past and will bring it back to its “glory days”.  This is the ultimate goal of all these financial reforms and “pillars” Iraq keeps talking about. They are all just a means to the end. The end is the reinstatement, a by-product of all this hard work of financial reforms.

Militia Man – Dinar Guru  Article quote: “House of representative decide to hold next session next Sunday instead of Saturday…12/8/2024.”  They moved it.  Why do they keep moving it?  Why is it so necessary to do that?  …It [new budget amendment and budget] is exchange rate sensitivity in nature. 

Kaperoni – Dinar Guru  Article: “Delete zeros and evaluate the dinar” Question “How many years would this take?”  Currency reform is a result of economic growth and diversification. How long it takes is up to Iraq. 

Clare – Dinar Guru  Article: “Guterres’ representative: Iraq today is more secure and stable, and its government has succeeded in keeping it away from conflict”   Quote:   “The UN Secretary-General’s Representative in Iraq, Mohammed Al-Hassan, said that Iraq today is more secure and stable and that its government has succeeded in keeping it away from conflict.”

Militia Man – Dinar Guru  Article quote:  “The financial and banking systems are now in place.   Financial transfers are not for just internet transfers but they’re also for international institutions.”  Read it twice if not three time!  Believe me…wow this is big!  This may very well be some form of an announcement like we’ve never seen before…We might be doing some white knuckling this weekend. I don’t know that we’ve seen information like that coming from the country of Iraq and the United States of America…I don’t think anybody’s ever seen this!

Sandy Ingram – Dinar Guru   Trump wrote on his social media account…They can go find another sucker. There is no chance the bricks will replace the US in international trade and any country that tries should wave goodbye to American.  U.S. president-elect Donald Trump has put the BRICS nations on notice with a fiery warning that sounds like it came straight from a
blockbuster movie script…while doubling down on threats of a whopping 100% tariff.  Talk about a power move…We can only be happy Iraq is not in the middle of this silent soon-to-be tug of war.  Iraq has over $100 billion in foreign currency reserves stashed in the US Federal Reserve Bank.  And they are trying to tell us Iraq cannot afford $0.10 to 1 Iraqi dinar?

Clare – Dinar Guru  Article:  “Donald Trump has been secretly communicating with ‘man crush’ Jamie Dimon about White House agenda for months”   Quote:   “JPMorgan Chase CEO Jamie Dimon has been communicating with Donald Trump in recent months through secret back channels, helping the president-elect hammer out a policy agenda before and since his decisive White House victory“

Mountain Goat – Dinar Guru   …I want to tell you the statistics of the monetary mass in Iraq is in dinars not US dollars. Thus, 100 trillion dinars or about not even a trillion US dollars. I also want to bring out that the CBI just told us the size of the Iraqi foreign exchange reserves exceeds by 140% the local currency issued…  in the USA…the equivalent of the 1 dinar is expected to come out as about $4 USD.

Militia Man – Dinar Guru  Everyone is very impressed with Iraq’s prime minister and especially where they are today.  They’re focus is financial inclusion, bringing the Iraqi world, to the world…They got new technologies … electronic taxes and tariffs…they’re breaking out with their stock exchange.  Their stock exchange has been on fire the last two year.  One thing after another supports that Iraq has moved and done…things we’ve never seen before.  It’s powerful information…It’s exciting times..

Clare – Dinar Guru  Article: “Iraq suspends official work on Tuesday, December 10 – Urgent”  Quote:   “official work will be suspended in the country on Tuesday, December 10, on the occasion of Victory Day over ISIS.”

Militia Man – Dinar Guru  They need to have valuation for [their] assets.  I think that’s going to be related to an exchange rate, a real effective exchange rate.

Samson – Dinar Guru  Article:  “Baghdad Governor: There is a positive impression regarding Baghdad’s nomination as the capital of tourism for 2025“

Pimpy – Dinar Guru  As soon as Trump won the presidency we all know he heard from 77 different world leaders…When he got on the phone with the Iraqi leader al-Sudani they took an exceptional amount of time.  I told you Trump has plans for al-Sudani and Iraq to be a pivotal player in peace in the Middle East…He’s not gong to ask Trump about what the exchange rate is going to be because Trump has nothing to do with it.  That is the Central Bank of Iraq…

Clare – Dinar Guru  Article:  “Trump warns BRICS against replacing dollar with other currencies”  Quote:  “US President-elect Donald Trump threatened to impose 100 percent customs duties on BRICS countries if they undermine the US dollar…Trump added ‘BRICS cannot replace the dollar in world trade, and any country that tries will have to say goodbye to the US market.“

Militia Man – Dinar Guru  We have a couple members that speak fluent Arabic…They come in on occasion and talk to me…or I reach out to them…to see if they can reach out to the tribal people or people that they know that are working on the ground…What I learned was…He gave an example if you’re taking a credit/debit card from a country A to country B and it works, meaning you have the ability to transfer money from one country to another on your card, …you can swipe your card into an ATM and get money, let’s say you’re [Iraqi], if you’re in a different country and you can swipe your card and get dinar or convert [Iraqi dinar] to Jordanian dinar or you can go to Saudi Arabia…the United States… Europe, if the card works in those counties, it’s going to be reflective of…an exchange rate... [Post 1 of 2….stay tuned]

Militia Man – Dinar Guru  Article: “Trade Bank launches first experimental Visa card.”  Quote “…the Visa includes features for use in online shopping as well as for use in purchases…”   When we go online, we’re international in the World Wide Web.  It sounds like you’re going to be able to use a new electronic card across borders.  If this is an international card, showtime is about to being.  Because once they have experimented, if it works, everybody’s going to get one.  [Post 2 of 2]

Samson – Dinar Guru  Article: “Transport: Next month, a meeting with the international organization to resolve the European ban”

Militia Man – Dinar Guru  Article quote: “…Fundamental channels to transfer process we find no room for there to be two price for the dollar.”  Realize that’s article VIII compliance with the IMF.  They don’t want multi currency practices...You got to read these articles…and you have to paint a picture.  It’s not easy to see.  It’s really not, but you know what?  We can and we’re seeing it..

Sandy Ingram – Dinar Guru  Although things appear to be on a downward slope, the truth is that things are looking up in a big way for Vietnam.  Vietnam Pictorial Article “Foreign investors flock to invest in southern provinces and cities” …Over 40 German enterprises recently explored investment opportunities…Investors from South Korea, Japan and India have also visited leading to plans for major projects…

Clare – Dinar Guru  Article: “Al-Sudani: We have contact with Trump’s team and they want to develop relations with us”  Quote: “Iraq’s relations with the United States are institutional according to the strategic framework agreement.  Al-Sudani said in an interview with the Spanish newspaper El Mundo: We have communication with Trump’s team and they want to develop relations with us.“

Samson – Dinar Guru   Article:   “Fitch Affirms Iraq’s Credit Rating at B- with Stable Outlook“

Militia Man – Dinar Guru  These guys are in a stage of getting ramped up for production for the construction and reconstruction efforts of the country like they’ve never seen in modern history…The new era…is coming upon Iraq.  Let’s hope they have a previous era takeoff in a real effective exchange rate to help boost that private sector and industrial capacities that they have going…

Kaperoni – Dinar Guru  The dinar is not a lottery ticket so there is no significant RV or instantaneous riches. It could take months or even years to significantly improve the value of the Iraqi dinar based on the economic success in Iraq.

Nader – Dinar Guru  We will not go more than $4 so don’t waste your time and ask question about $16, $8, $11 and $12.  Don’t even do that now.  Come out at $3, yes.  If they reinstate it will come out at 3 to 1… $2.83, $2.87 to 1 or more maybe.  But it will not be more than $4.  I think $4 is too much too because no money in the world cost that much…Give me $2.50 I’d be happy.