Dinar Observer Daily

Kaperoni – Dinar Guru   Article:  “Government sovereign guarantees to encourage the private sector”  As I have been saying for years, until Iraq passes the needed legislation, nobody will significantly invest in Iraq…

Pimpy – Dinar Guru  Community comment: “I believe there’s an article by Dr. Shabibi stating when the new currency does come out both currencies will coexist for up to 10 years…”  Yes it was said it would coexist for 10 years.  I don’t think it’s going to need 10 years…The last time they changed currency they only gave them three months.  But even if it does coexist for 10 years…and they re-denominate…just because you still have the 25,000 dinar doesn’t mean you get to exchange it 25,000 times whatever the exchange rate is.  They’re going to treat your 25,000 dinar just like they would the 25 dinar.  It might coexist but don’t be fooled into thinking you get to take advantage of the fact you have 3 extra zeros because that’s not going to happen…

Militia Man – Dinar Guru  They show us progress…We have never been at this stage with Iraq ever and since 2003.  I don’t know any person out there and I know many that have been in this for over 20 year that have never witnessed what we’re witnessing today.  You really should be profoundly happy…It’s phenomenal.

Clare – Dinar Guru  Article:  “Al-Alaq reveals the Central Bank’s reserve… in dollars and gold”  Quote:   “The Central Bank has a foreign reserve of more than 100 billion dollars…We have gold reserves of more than 130 tons, most of which are located in England.“

Militia Man – Dinar Guru  Article:  “Iraq, US to form joint team to address sanctions on Iraqi banks”  Central Bank Governor Al-Alaq has worked for concessions for and on the behalf of Iraqi Banks to the UST with regard to current sanctions imposed on them.

Pimpy – Dinar Guru  Question:  “What are the proper notes to hold for investment purposes?”  Any of the currency is okay to hold at the moment so there’s no specific denomination.  If they do delete the zeros or they re-denominate they’re going to have whole new currencies.  That’s why there’s no rush to try to find lower denominations because they’re going to replace all of them including the lower ones.  But there is a possibility that they don’t re-denominate and we get lucky and they change the exchange rate and keep the zeros on the currency.

Clare – Dinar Guru   Article:  “CEO of JPMorgan Chase expresses Support for Iraq”  Quote: “Prime Minister Mohammed Shia al-Sudani received Mr. Jamie Dimon, the CEO of JPMorgan Chase, and his accompanying delegation on Wednesday, during his visit to the Washington DC.“

Samson – Dinar Guru  Article: “Al-Sudani: We have reached satisfactory solutions with the US Treasury to address the conditions of the sanctioned banks“

tishwash – Dinar Guru    ali alaq did give a speech this morning.   Quote:  “Regarding the issue of financial reform in Iraq, Al-Alaq explained, “Iraq has a multi-faceted program in this framework, as the first aspect is harmony, adaptation, the adoption of international standards in financial transactions…“

Militia Man – Dinar Guru   Al-Sudani has rocked it.  They showcased this country like they’ve never done before.  We’ve never seen this.  Anybody that’s been in this investment since 2003 has never witnessed what we’re witnessing today…If they were going to come out at 1310 dinar to try to do all the things they’re doing right now the world would be just like they were in Kuwait – crickets.  This is powerful.  Wonderful.  

Nader – Dinar Guru  ‘Everybody’s like, hey  Nader you’re there for the announcement?‘  There’s no announcement.  There’s not big screens…They’re going to come out with a new exchange rate maybe a little smaller for now yes...You see they talking about changing the exchange rate again.  Yeah, they’re going to do it soon.  We’ll see what it is.  It could be 1000.  Remember we said 1000 and then they eliminate the three zeros…You’re going to have to be patient.

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.”