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’...

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We Buy Iraqi Dinar (and Dong) at the highest rate in the industry & are very quick on turn around times.

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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.

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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.

Pimpy – Dinar Guru  There seems to still be some confusion about the official exchange rate versus the real effective exchange rate… comments like “When they get to the real effective exchange rate” or When they switch to the real effective exchange rate.” Or “When they use the real effective exchange rate“…This is confusing…what a real effective exchange rate is…An official exchange rate is at which country’s currency can be exchanged for another country’s’ currency…Real Effective Exchange Rate is a broader measure that takes into account not just one bilateral exchange rate but a weighted average of a country’s currency against the basket of it’s major trading partners…Iraq already reports the effective exchange rate…It’s already there…you don’t have to wait for the real effective exchange rate to come popping up, it’s already being used…

Militia Man – Dinar Guru  We’re watching Iraq go international. It’s an interesting study.  It’s fascinating…Iraq is coming up…Iraq is moving in the a direction to go international and it’s phenomenal.

Pimpy – Dinar Guru   Question:   “How are changes to the Iraqi dinar going to affect the Iraq stock market?”  3 or 4 years ago there was a group of us invited to join a couple different people who were investing in the Iraqi Stock Exchange…When I first heard about this we were told that if we buy the stock now and when they reinstate the rate the value of the stock would really shoot up and we would have tons and tons of money…Iraqi Stock Exchange …the cost of the stock is in USD not the Iraqi dinar.  That’s important…If the Iraqi dinar is re-denominated, that’s when they LOP off the zeros…it would not necessarily require any adjustments to the Iraq stock.  [Post 1 of 2]

Pimpy – Dinar Guru   Re-denomination of a currency involves changing the face value of the currency by dropping zeros from the existing notes and issuing new currency at a lower nominal value…  Therefore a re-denomination of the Iraqi dinar would not inherently necessitate adjustments to Iraq stocks...If Iraq increases the exchange rate of the Iraqi dinar…this is different.  A re-denomination will have a slight effect, if at all, verses changing the exchange rate…increases the purchasing power for Iraqis… The stock is already priced in American dollars so no the increase in the exchange rate of the Iraqi dinar is not going to make everybody millionaires on the stock market…   [Post 2 of 2]

Sandy Ingram – Dinar Guru  The real effective exchange rate (REER) is a measure of the relative strength of a country’s currency in relation to an index or basket of other major currencies.  The REER is used to judge whether the country’s currency is undervalued or overvalued or, ideally, fairly valued… Nominal Effective Exchange Rate (NEER)…It is an index of the weighted average of bilateral exchange rates of home currency with respect to a basket of currencies of trading partners.  An increase in NEER indicates an appreciation of the local currency against the weighted basket of currencies of its trading partners.  [Post 1 of 2]

Sandy Ingram – Dinar Guru   Iraq’s top five export trading partners are India, with $38.8 billion, China with $34 billion, the United States with $10.3 billion, South Korea with 8.21 billion, and Greece with $6.27 billion.  Based on Iraq’s export partners the Iraqi dinar definitely could be worth more.  However everything is speculative until the US and Iraq give the green light to float, revalue, reinstate or increase the value of the Iraqi dinar…This could happen overnight but it is unlikely.   [Post 2 of 2]

Samson – Dinar Guru  Article: ”WTO – ACCESSIONS – MAY 9th, 2024 – Includes Iraq“

Militia Man – Dinar Guru   Article:  “The start of drawing liquidity from the hands or Iraqi’s”  Iraq is getting money outside of the bank, into the bank…They’ve gotten off the street upwards of 8 trillion dinar.  That’s a lot of dinar…Reducing the note count is the direction which is where they’re headed…If you reduce the note count, purchasing power comes with it...