Author Archives: The Dinar Observer

Pimpy – Dinar Guru   If you want to have a stronger exchange rate for your currency you need a very stable government.  You need a stable currency.  You need a stable economy and having 94% of your budget relying on oil … Continue reading →

Clare – Dinar Guru  Article:  “An expected visit of an Iraqi delegation to Washington, and the “Dinar and Dollar” file is at the forefront of the talks”  Quote: “a high-ranking Iraqi delegation to visit the United States on the eighth of … Continue reading →

Pimpy – Dinar Guru  I was watching this video on the black markets over there in Iraq…They were highlighting a female…She takes hundreds of U.S. dollars and buys Iraqi dinars.  She’s buying them on the black market for something ridiculous … Continue reading →

Pimpy – Dinar Guru  Article:  “Government movement to complete the requirements for Iraq’s accession to the World Trade Organization”  This is a biggie…this is going to affect their currency in a positive way because now they are going to be a … Continue reading →

Paulette – Dinar Guru  Let’s hope that Sudani’s GOI doesn’t pass this budget prior to the currency being “reinstituted”.  If they do, there are still many windows of opportunity for the CBI to take action…If it gets all the way … Continue reading →

Mountain Goat – Dinar Guru  Article:  “THE CENTRAL BANK SETS A DATE FOR THE RETURN OF THE DOLLAR EXCHANGE TO “ NORMAL ”  No! This 1470 is not normal. They have been on this program rate for so long now it has become … Continue reading →

Henig – Dinar Guru  Article:  “Including Iraq..Three countries will record the highest economic growth in 2023”   Quote:  “Despite the decline in the economic growth of the Arab countries, the bank stated that “Egypt, the UAE and Iraq have the highest … Continue reading →

Pimpy – Dinar Guru   Article:  “Dollar prices fall in Baghdad and Erbil”  This is the direction you want it to go into.  When you hear the dollar is falling against the dinar that’s what you want to hear.   Quote: “…Baghdad recorded this morning … Continue reading →

Mountain Goat – Dinar Guru  Article:  “HOW IRAQ IS PAID FOR ITS OIL AND WHERE THE MONEY GOES…HOW THE PROCESS GOES”  …the daily transactions of dinar to dollars should be just enough to pay for imports needed for the economy … Continue reading →

Paulette – Dinar Guru Watch for when the GOI is going to pass the budget.  I hope it is not until after the CBI…”Reinstitutes” their currency which must occur prior or simultaneous to the RI.  I believe it will be prior … Continue reading →

Henig – Dinar Guru  Article: “Iraq among most prominent countries to buy gold in 2022”  Quote: “Gold reserves in Iraq represent 8.7 percent of its total international reserves…Regarding the largest Arab countries owning gold, Saudi Arabia continued to lead the list … Continue reading →

RVAlready – Dinar Guru  Article:  “Parliament publishes the agenda for next Saturday’s session”  We must remember there is no requirement for the budget to RV. The CBI could launch the RV tomorrow morning.

Mountain Goat – Dinar Guru  “THE SUDANESE GOVERNMENT OBLIGES ALL OF ITS INSTITUTIONS TO DEAL IN THE IRAQI DINAR”  It’s definitely a move in the right direction but still they need to create a demand for the dinar from outside … Continue reading →

Paulette – Dinar Guru  Parliament having their first session is irrelevant IMO.  They cannot work on passing the budget until they receive it.  Sudani’s GOI has not passed it yet.  All laws, including the budget, have to pass the GOI prior to … Continue reading →

Nader – Dinar Guru   I think it’s going to be on Forex…and that day you’ll be International I think they’re going to come out with a new currency.  But for now they’re not saying anything.  They’re talking about it but they’re … Continue reading →

Clare – Dinar Guru  Article:  “Government movement to complete the requirements for Iraq’s accession to the World Trade Organization”  Quote:  “The ministry’s plan during the current year includes completing technical accession files in terms of goods, services and intellectual property, in … Continue reading →

Henig – Dinar Guru  Question:  “I thought the Parliments legislative term started on the 9th?” There’s been a LOT of misinformation back and forth…Lots of conflicting info, lots of stuff that just doesn’t make sense, but when you step back and think … Continue reading →

Mountain Goat – Dinar Guru  Finally, we hear overtones and direct convictions of some of the real problems with the dinar and the currency policy in Iraq now in place. …We all need to settle down and relax. The reinstatement is … Continue reading →

Clare – Dinar Guru  Article:  “Al-Janabi: The Central Bank is able to restore confidence in the Iraqi dinar soon”  Quote: “this problem, which confused the state of the Iraqi market, will soon be resolved, and the central bank is able to … Continue reading →

Pimpy – Dinar Guru   The last two months have been very rocky for the IQD only because of all the speculation out there.  There’s a lot of people that want to keep the Iraqi dinar unstable and they did … Continue reading →

Kaperoni – Dinar Guru  Iraq is beginning to create the conditions to launch a float of the Iraqi dinar. Large Central Bank Reserves, creating a private sector economy, all are conditions and requirements for the success of floating…one [article] specifically talked … Continue reading →

Paulette – Dinar Guru  Many try to compare Vietnam and Iraq when evaluating the currency.  Most of these comparisons are flawed: “…Vietnam has a very low rate and their economy is one of the fastest growing…”  This is a totally irrelevant … Continue reading →

Paulette – Dinar Guru  Vietnam has been officially acknowledged to be Article 8 compliant, Iraq has not.  Additionally, the CBI has clearly stated their intent to implement the “Delete the Zeros” project.  Vietnam has not made any such claims.  Bottom line, comparing Iraq … Continue reading →

Kaperoni – Dinar Guru  Launching a float is not a simple event it’s based on the economic growth and laws that are in place…

Pimpy – Dinar Guru  People were told that you cannot exchange your dinar unless you have a humanitarian project.  That’s false… that’s another thing out there that drives me crazy.

Clare – Dinar Guru  Article:  “Parliamentary expectations for the arrival of the federal budget before the start of the second legislative term”  Quote:  “Parliamentarians expected the federal budget to arrive before the start of the second legislative term, which will … Continue reading →

Mountain Goat – Dinar Guru   Iraq started the process of joining the WTO 18 years ago…the process was delayed due to corruption in Iraq… due to political and economic instability this was stalled until 2017…Since then, the fast-tracking process is … Continue reading →

Walkingstick – Dinar Guru   The 3-zeros are going to drop gradually as the IQD floats internationally.  You will see the exchange rate go from .000 to .00 to .0 to . – that’s the float.

Pimpy – Dinar Guru   The re-denomination of the Iraqi dinar…too much has happened with the Iraqi dinar for it to continue to exist in its current state.  Something needs to be done about that.

Clare – Dinar Guru  Article:  “Minister of Oil: We have achieved more than $115 billion in exporting crude oil for the year 2022“