Dinar Observer Daily

Sandy Ingram – Dinar Guru  There has been no new news from reputable sources on deleting the zeros from the Iraqi dinar currency in recent weeks or months by either the CBI or parliament…The end result of removing the zeros is to make money more manageable.  It will not change the currency’s value in relation to the U.S. dollar.

Militia Man – Dinar Guru   Article:  “Fouad Hussein: America avoids talking about sanctions against Iraqi banks”   The banks that were sanctioned were likely ones that may have had connections to the crime of the century.  Those arrest warrants for many in the previous government are fresh in the news. Regardless the US Treasury has more important things to talk about. They are talking reforming the banks and financial issues above and beyond energy!! Things are coming along very well. They are setting the stage in the USA and the UK, while informing us all along the way.. I so very like today’s news.. It is amazing.

Sandy Ingram – Dinar Guru  A pivotal moment looms on the horizon with Iraqi Prime Minister Mohammed Shia al-Sudani slated to visit Washington DC on April 15, 2024.  President Biden is set to host this crucial meeting…It’s not all about military…the meeting is also expected to tour upon Iraqi financial reforms…This is the reason this meeting is important for Iraqi dinar investors.  The US…undoubtedly has a vested interest in the successful implementation of these reforms. 

Pimpy – Dinar Guru  Community Comment:  “George Bush once stated the war will eventually pay for itself.”    Nope that was Paul Wolfowitz.   He worked for the Bush Administration but it was not George Bush who said that.

Militia Man – Dinar Guru  Article:  “Investing Iraq’s natural wealth is a step towards economic integration“. The next step to integration is here. The estimate of $16-17 trillion in stock capital by itself is massive. The legislation has been put in place for Iraq to use their executive authority to partner with the private sector…That will expand their wealth even further. They will be doing exactly what they said they would do and bring purchase power to their citizens and by extension to investors in and of the Iraqi Dinar. The dinar will be stronger than the dollar and Al-Sudani knows it, Al-Alaq, Taif Sami, Fuad Hussein and the whole MCOE knows it, I sure do too! …No more reliance on just oil is here to stay…

Clare – Dinar Guru  Article:  “Natural resources in Iraq…a huge treasure neglected by an “official decision”!”  Quote:  unfair government decisions have deprived Iraq of huge billion-dollar revenues…It has natural resources … such as oil, natural gas, phosphate, sulfur, and other minerals…Estimations indicate the value of Iraqi natural resources reaches up to 16 trillion dollars…this puts Iraq in a distinguished position among the countries of the world rich in natural resources…For example…Iraq’s possession of 9% of the global phosphate reserve, and phosphate exports can generate tens of billions of revenues annually for the Iraqi treasury.

Mountain Goat – Dinar Guru   Article:  “IRAQ IS NINTH IN THE WORLD IN NATURAL RESOURCE RESERVES..”  Quote:  “Iraq was ranked among the top ten countries possessing the most valuable natural resource reserves, in terms of total estimated value for the past 3 years.”  OK, so if this is part of the Basel IV currency valuation algorithm then where is it reflected in the rate of the dinar? Why is it still 1/6 of a penny? Folks is just doesn’t make any sense. The IMF and the US Treasury are artificially suppressing the rate of the dinar. Remember VALUE and RATE are two different items and the value should be reflected honestly in the rate… 

Pimpy – Dinar Guru  Iraq has now joined the World Free and Special Economic Zones Federation.  The other day we read an article about the Europenan Union’s reconstruction bank that Iraq has joined.  This is something totally different.  Another step for Iraq in the right direction.

Militia Man – Dinar Guru  Having this LOP information of 1310 is ridiculous, it’s reckless…They said they’re going to have a lofty exchange rate to expose.  If that’s the case, lets see what they have and how they play it out…I think it’s going to be phenomenal.  

Clare – Dinar Guru  Article: “From Tuesday until Saturday.. Iraq announces the Eid al-Fitr holiday”  Quote:  “The Iraqi government announced the Eid al-Fitr holiday, which extends from the ninth of next April until the 13th... official working hours will resume in all government institutions, On Sunday, April 14, 2024.”

Paulette – Dinar Guru   Comment:  “Biden has nothing to do with this but the feet dragging in Iraq has become the constant…”    The “Biden Regime” has everything to do with this…Just look at the currency sales numbers and you should see why the “Biden Regime” does not want change.  You still have the Coalition Provisional Authority functioning in Iraq led by the US...We know from articles last fall that US Receivership is still in place and UN1483 status is unknown…Saleh recently even stated in an interview that even he did not know the status of 1483…not to mention the OFAC sanctions…Yes…the “Biden Regime” has everything to do with this…

Pimpy – Dinar Guru  People keep taking about the $3.22 rate.  In their minds they keep thinking, ‘Oh yeah, the $3.22 rate when Iraq had 25,000 notes.‘  No. That’s not the case.  That exchange rate is when they had lower denominations, not these these hyper inflated currency…We’re all hoping the exchange rate will change without deletion of the zeros.  That’s what we want.  We’ll see how that plays out…

Militia Man – Dinar Guru  How are they going to attract foreign investment?   They’re going to open their borders with an International currency … and they’re going to rock and roll.  The signs are everywhere.  Al Sudani recently said he was going to make a change to the dinar to 1.32 dinars to the dollar, which is about $0.76.  But that doesn’t include adding the Real Effective Exchange Rate.

Pimpy – Dinar Guru    People always say, Oh, you know, President Bush said the Iraqi dinar will pay for the war itself.  No, what he said was Iraq would pay for the war itself, not the Iraqi dinar.  They’re talking about the oil.  It wasn’t even Bush that said that...

Militia Man – Dinar Guru   The private sector is going to be the fuel to what they consider is the most important project in the world (Development Road project).  Their words not mine.  Article quote: “The initial designs for the Development Road Project have reached advanced stages… The development road is a vital project, one of the most important projects in the world…”

Pimpy – Dinar Guru  Once they re-denominate the old currency is no longer any good.  You can exchange it for the new lower bank notes but your higher bank note doesn’t have any extra or more purchasing power or more valuable than the new notes.

Clare – Dinar Guru  Article:  “Government spokesman: The Prime Minister will discuss 5 basic files during his visit to Washington”  Quote: “among the files that will be discussed during the visit also are the financial file and what is related to the decisions of the US Treasury, the influence of Iraqi banks and the debts owed by Iraq,”

Militia Man – Dinar Guru  Their new accession law seems to be gaining traction with Iraq having accession to the European Bank of Reconstruction and Development and the FEMOZA World Federation of Free Economic Zones. The WTO is likely next in line for Iraq’s integration with the international world.

Tishwash – Dinar Guru   Article:  “The decline of the dollar.. Parliamentary Finance says that the crisis is on its way to ending “finally”  Quotes:  “The Finance Committee in the Iraqi Parliament confirmed, today, Sunday (March 24, 2024), that the dollar exchange rates in the parallel market will continue to decline until the official price fixed by the Central Bank of Iraq is reached.“;  “… this crisis are on their way to being resolved once and for all.“; “The visit of Prime Minister Muhammad Shia Al-Sudani to Washington is very important at the level of financial and economic files, and Al-Sudani is discussing with the American side strengthening and strengthening the Iraqi dinar“

Sandy Ingram – Dinar Guru  Article quote: “Salih summarized on Friday the benefits of Iraq’s accession to the membership of the European Bank for Reconstruction and Development.”  It looks like Iraq is doing everything possible to join the international financial platforms.  We need to wait and see how this will affect our ability to exchange our Iraqi dinar bank notes for US dollars.

Dinar Investor – Jeff  Parliament can only approve the budget after the rate officially changes.  The rate has to officially change before parliament can approve it…

Pimpy – Dinar Guru  One of those myths that are out there…Executive order 13303…If you’re a new persons investing into the Iraqi dinar you will hear…we’re allowed to invest in Iraqi dinar because George Bush signed executive order 13303…Nowhere in executive order 13303 does it state such a thing...Having said that, it doesn’t mean you can’t invest in Iraqi dinar…Obviously investing in currencies are a thing but nothing in these orders at all say that Bush gave you the right to invest in the Iraqi dinar.

Clare – Dinar Guru  Article: “Adviser to the Prime Minister: The decline of the dollar is an indicator of the strength of the dinar and a tangible success of economic policy”  Quote:  “We indicate the strength of the Iraqi dinar, expressed in the decline in the parallel market rates of exchange in favor of the official exchange rate…”

Militia Man – Dinar Guru  Article quote:   “Iraq joins FEMOZA” It’s the World Federation of Free Economic Zones.  Why is this important?  Iraq has accession to this…We have the accession law to join the European Bank and now we have the accession to the World Free and special economic zones federation...Both of these entities are about finance and building new industrial cities.  If you don’t think Iraq is going to go international, you might think again…

Mountain Goat – Dinar Guru   Wars, displacement, and sanctions have left Iraq’s economy underdeveloped and almost solely dependent on oil exports. But things have changed in Iraq and come this mid-year 2024 we are about to see the results of  many years or reforms in an explosion of progress in many areas of development in Iraq. You see, all these reforms we all have been reading about in the many articles are all good but unless Iraq actually sees any impact they are meaningless. Oh…but we are about to see the impact and it is going to be HUGE $$$.

Tishwash – Dinar Guru  Article:  “Iraq is ninth in the world in natural resource reserves…”   Quote: “Iraq was ranked among the top ten countries possessing the most valuable natural resource reserves, in terms of total estimated value for the past 3 years.“

Clare – Dinar Guru  Article “Statement from Press Secretary Karine Jean-Pierre on the Visit of Prime Minister Mohammed Shia’a Al-Sudani of Iraq to the White House”  Quote “On April 15, President Joe Biden will welcome Prime Minister Mohammed Shia’a Al-Sudani of Iraq to the White House to coordinate on common priorities and reinforce the strong bilateral partnership between the United States and Iraq.”   

Pimpy – Dinar Guru  Community Comment “Pimpy needs to understand outside investors of Iraq have absolutely nothing to do with project to delete the zeros.  Our 25,000 note will be 25,000 note in America.”  I’m guessing you think that if they re-denominate the currency inside of Iraq and they change the exchange rate to $0.76, I guess you thought we could take the old currency and exchange it for the current exchange rate.  That’s not going to happen.  I’m telling you right now that’s not going to happen…25,000 dinar would be equivalent to the 25 dinar…What Iraq does in country to its currency affects the currency worldwide.. 

Militia Man – Dinar Guru  Article Quote: “Al Sudani of Iraq to the White House to coordinate common priorities and reinforce the strong bilateral partnership between the United States and Iraq.  The leaders will reaffirm the commitment to the Strategic framework agreement…”  I like that part they will reaffirm it so in other words, if they reaffirm it as it is the United States isn’t going anywhere… Quote “Al Sudani of Iraq to the White House on the 15th of April.”

Dinar Investor – Jeff   Article: “The White House announces the date of Sudanese’s visit to Washington”  Three articles tell you that on April 15th Iraq’s prime minister Sudani will come to Washington DC to meet with Joe Biden and US official...Iraq has just officially give you the rate change date in these articles.  No it is not April 15th.  April 15 is not your rate change date… (Kuwait March 24,1991.  Sunday.)