Dinar Observer Daily

Militia Man – Dinar Guru   Article:   “Member of Sudanese delegation:  We will witness a rapid decline of the dollar in the coming days”  When they say the rapid decline of the dollar I don’t believe for a moment they’re saying the dollar is going to crash.  What I believe they’re saying is their expectation is the dinar is going to rise.

Clare – Dinar Guru  Article: “Vietnam central bank says it’s ready to intervene in forex market; dong now at record low against dollar”  Quote: “Intervention is possible even today, if needed, State Bank of Vietnam Deputy Governor Dao Minh Tu said at a briefing in Hanoi on Friday.  The dong dropped to a record-low 25,463 per dollar on the day.“

Pimpy – Dinar Guru  Article:  “Parliament’s finance advises raising exchange rates again.  Money about oil revenues?”  They are talking about changing the exchange rate to 1500 for every dollar.  That’s the wrong direction.  We don’t want that to happen…I know the news is frustrating but that’s what they were talking about…It’s the same thing they talked about in December.  So don’t be surprised.  Let’s hope it goes in the other direction.

Breitling – Dinar Guru    LOP…people that are smart, economist, get this wrong.  The underlying definition is hyperinflation.  How do people fight it?  By removing the zeros.  Nothing wrong with that.  It’s smart.  But it’s hyperinflation.  People will point out incorrectly, look at Iraq…The best analysis I’ve read is that it [the dinar] was worth at it’s height 2.25 to the U.S. dollar…Iraq has never had a customer problem.  That’s where you find the hidden value in this investment.  It’s not hyperinflation… [Post 1 of 2]

Breitling – Dinar Guru There is inflation but it’s 100% policy based inflation.  You had this currency that was worth a lot of money...What was their number one export?  Energy.  Then war came along.  You had war inflation.  But did Iraq’s customer base change?  No.  Did their oil producing output change?  No, it went up.  That’s where you’re going to find the value.  That’s where the value is coming from.  That’s it.      [Post 2 of 2]

Militia Man – Dinar Guru   Al Sudani…first off he shows up to Washington DC, big motorcade, heads over to the Pentagon the following day, big motorcade, comes to Michigan, what did he have?  Big motorcade.  He has the attention…The achievements the statesman Al Sudani has shown everybody is flat-out phenomenal…

Mountain Goat – Dinar Guru   Remember…the Oil and Gas law looms in the background and will surface again soon. Also after this visit to Washington I fully expect the announcement of Iraq’s full accession to the WTO to pop out shortly. Oh…it’s all so good!

Clare – Dinar Guru  Article: “Iraq ranks fourth as the best emerging market for investment in 2024” 

Militia Man – Dinar Guru  Article “Al-Sudani receives Washington the Chairman of JP Morgan”  Those that say JP Morgan don’t know anything about it should read up.

Pimpy – Dinar Guru  Question: “So you’re telling me we should sell our dinar because it’s about to lose us a lot of money?”  I’m saying we don’t know what’s going to happen.  There’s a possibility we can wake up tomorrow and it’s 1 to 1 and they haven’t deleted the zeros a lot of people are millionaires.  There’s a possibility we wake up tomorrow and they delete the zeros and we have to exchange it for the new currency and then they change it 1 to 1 and you’re not a millionaire.

Clare – Dinar Guru  Article:  “Al-Sudani stresses the necessity of dialogue with the US Treasury, the Federal Bank, and the International Monetary Fund”  Quote:  “Al-Sudani stressed that it is not possible to work in any development sector without reform steps for the banking sector, stressing the need to continue dialogue with the US Treasury, the US Federal Reserve, the International Monetary Fund, and other international financial institutions.”

Militia Man – Dinar Guru Question:  “Is the government thinking of revaluing the dinar and readjusting the value of the dinar due to the current circumstances in the market or do you see it to stay the same?”  Al-Sudani’s answer:  “This policy is dictated by the central bank and the government abide by what the bank decides.  I believe we are in the best status we could be in and we have actually had an assessment which has given much trust, higher trust at a higher level from different global parties…This is going to raise the level or value of the Iraqi dinar.  There is policy that is consistent policy that the central bank is using…” [Post 1 of 2]

Militia man – Dinar Guru  Deletion of the zeros project, is that what they’re talking about?  If you’re going to raise the value of the currency you’re going to have to do something to it and that’s the exchange rate.  You don’t just LOP three zeros off a currency and say, ‘Snip! Go use this’.  It doesn’t work that way.  They have to raise the value…We know their reserves are $110 to $112 billion, they have gold, they have all the new electronic systems, taxes and tariffs…tourism, agriculture, liquid gas, all that stuff added into this is going to benefit them.  Basically what is he saying?  They’re going to raise the level of the value of the Iraqi dinar.  That’s really powerful… [Post 2 of 2]

Militia Man – Dinar Guru   [Executive] Order 13303… according to the US National Emergency law failure to renew the executive order within a period of 90 days from the date of previous renewal means it will become invalid.  We’re not even into May yet and that’s when it was signed.  There’s still an additional 90 days tacked on to that last date…What we’re seeing I frankly don’t care…It’s a protection for Iraq’s interests and the US’s interests…All these years it’s been in place.  In my view a good thing because it’s protection…

Clare – Dinar Guru Article:  “Al-Sudani receives in Washington the Chairman of JPMorgan“

Pimpy – Dinar Guru   Article quote:  “Removing zeros off the Iraqi Dinar can indeed impact liquidity issues in Iraq.  By re-denominating the currency and removing zeros, the Central Bank of Iraq aims to reduce transaction costs and make it easier for people to carry less physical money.  With a lower denomination, larger amounts can be replaced with fewer notes…This can potentially enhance liquidity management within the country’s financial system.”  So the deletion of the zeros could help Iraq with their liquidity issues…

Clare – Dinar Guru  Article 1:  “Iraq’s prime minister heads to Michigan to meet Arab Americans at a tense time for the Middle East” Article 2: “Iraqi Prime Minister Mohammed Shia’ al-Sudani makes quick visit to Metro Detroit“  Quote: “Iraqi Prime Minister Mohammed Shia’ al-Sudani was in Metro Detroit on Thursday evening for a quick visit, where he planned a trip to a Dearborn Heights mosque and a West Bloomfield country club to meet with local members of the Iraqi diaspora, Wayne County officials said.”

Militia Man – Dinar Guru  Al Sudani has a big motorcade once again…The 3rd or 4th one…In Dearborn Michigan this evening.  He is in the United States still.  There’s a large population of Iraqi’s in Dearborn, Bloomfield, those portions of Michigan…

Clare – Dinar Guru  Article: “Sudanese arrives in Houston, Texas”  Quote:  “Prime Minister Muhammad Shiaa Al-Sudani arrived this afternoon, Thursday, in the city of Houston in the state of Texas, as part of his official visit to the United States of America.”

Mountain Goat – Dinar Guru  The news just keeps getting better and better. …my CBI contact again confirmed to me that this meeting of Iraq with the Whitehouse had to take place and could be seen as a healing meeting between the two countries. One issue was of course the status of leaving or the pullout of US forces. This issue is clear, as the US forces do not plan to leave Iraq again and destabilize the middle east, especially in these turbulent times…don’t worry it is not going to happen any time soon as long-term plans are being negotiated to give Iraq what it wants and give the US what it wants…

Pimpy – Dinar Guru What is the deletion of zeros of currency?  An action aimed at increasing the nominal value of money.  Nominal value, NOT the exchange rate. Re-denomination, that’s what this is.  What is lopping off zeros?  Same thing.  Changes the nominal value.  What is the removal of zeros off currency?  ...Also known as deleting of the zeros…Re-denomination.  What is reducing of zeros off currency?  Re-Denomination. I’m telling you guys all those things are the same thing…You remove the zeros off the currency and when you do that .00076 will be .76 but it doesn’t change the value of your currency versus other world currencies.  That stays the same.

Samson – Dinar Guru  Article:   “The Iraqi Private Banks Association praises Al-Sudani’s visit to Washington“

Militia Man – Dinar Guru   [Iraq] is now in a security and stability and debt free state and now they’re going into a state of expansion on their economic reforms, development programs, sustainable development…all of the things we’ve been talking to you about are coming to fruition.  They’re not going to do that at 1310…

Paulette – Dinar Guru   Article:  “Al-Ardawi: The Sudanese government seeks to liberalize the Iraqi dinar and stabilize the economy”  Quote: “The visit comes in a very heated situation and everyone is awaiting its outcomes, and the Sudanese carries…ideas and projects that move towards consolidating the relationship with the American side and transferring it from the process of guardianship to friendship…In a way that allows Iraq to assume its pivotal role in the region.”   As I have been stating…Iraq needs the US Guardianship to end!! (UN 1483)

Pimpy – Dinar Guru Really  great news came through today… Article “After 21 years of dollar actuation Iraq is approaching the window closed amid reassurances and warnings”  Iran was using Iraq’s currency auction to funnel the dinar into Iraq for the US dollar…The goal is to have the currency auction ended by the end of this year.

Samson – Dinar Guru  Article:   ”Al-Sudani receives in Washington the Chairman of JPMorgan“

Pimpy – Dinar Guru  Community Comment “When Donald Trump was president he had an interview on national television  with Laura Ingram and he said to the nation just how much dinar currency the United States owns.”  Did he?  Is that what he really  said? Trump interview quote “We have a lot of their money.  We have $35 billion of their money right now sitting in an account…”   He wasn’t talking about they were holding Iraqi dinar.  We were holding Iraq’s money period.  We had their DFI account as well as  all their foreign reserve currencies.  That’s the money he was talking about...

Militia Man – Dinar Guru  The 2023/2024 budget hasn’t been sent to the HOR yet but they’re saying in the coming  weeks...There’s time constraints on getting things done…They can’t likely expose an exchange rate to the House of Representatives before they give it to them, they just can’t do that because that would leak around, it would get out and it would be a disruption.   But…they have to give them that information because it’s a legal component.  If they do what they say they’re going to do and get an exchange rate out…it’s likely going to be before that happens.

Clare – Dinar Guru  Article: “Saleh: The budget tables are almost complete and will take into account urgent  circumstances and variables” Quote “The financial schedules prepared for the year 2024 will take into account the urgent economic  and social conditions and changes required by the need for economic development in the year 2024...”  

Samson – Dinar Guru  Article:  ”After 21 years of the dollar auction… Iraq is close to closing the window amid reassurances and warnings“