Author Archives: The Dinar Observer

Pimpy – Dinar Guru  When it comes to Iraq we’re always taking one step forward and three steps back…There’s problems with the currency auctions…they just can’t seem to get it together…the Federal Reserve has been auditing the currency sales…and they’re not … Continue reading →

Nader – Dinar Guru  The CBI or the government… didn’t make a decision yet to support [the dinar] with anything.  It’s detached from the dollars but not completely.  It should be detached by the end of this week or next … Continue reading →

Nader – Dinar Guru  …It has no support.  That’s why you see the dollar going up from 1460 to 1551 and it might get to 1552, 1553.  You’ll see in a couple of weeks it going back…things will get better.  … Continue reading →

Sunkissed – Dinar Guru   Article: “Al-Sudani meets Al-Sisi and affirms Iraq’s keenness to maintain relations with its Arab and regional milieu:”  How can a country be a pioneer when they’re dependent upon another country’s currency because their currency is worthless? We … Continue reading →

Sandy Ingram – Dinar Guru  Article:   “The Governor of the Central Bank of Iraq receives the IMF mission.”  The governor of the CBI met with the International Monetary Fund Minister of Finance…we know the IMF needs to sign off on … Continue reading →

Pimpy – Dinar Guru   The lower the amount of dinars for every dollar the better for us.  We want to go all the way to the point where you get more US dollars for every one dinar.  That’s the direction … Continue reading →

Kaperoni – Dinar Guru  …This [auction] action by the CBI will not only help the citizens but it will help them with the IMF to meet compliance. Further liberalization also helps encourage investment in Iraq .  The real reason why they’re … Continue reading →

Clare – Dinar Guru  Article “Al-Maliki makes the approval of the oil and gas law conditional on this matter”  THAT IS NOT NURI AL-MALIKI ….. IT IS A DIFFERENT GUY SAME LAST NAME

Sandy Ingram – Dinar Guru  So what would they [Iraq] need to do in order to…increase the value of their currency?  One thing they could do would be to create a new currency like Kuwait did and provide a window of … Continue reading →

Pimpy – Dinar Guru  I’m not saying it’s not going to change come this budget, mostly likely it won’t because the Central Bank said this is the rate it’s going to be for the next 5 years.  We are now 2 … Continue reading →

Mountain Goat – Dinar Guru   One could almost say the news is once again just all about the currency. The pressure builds for the CBI to act now. Over 100 of the parliamentary members claim they will not even attend … Continue reading →

Clare – Dinar Guru  Article:  “The Central Bank announces that its cash reserves have exceeded the $90 billion mark”  Quote:  “The Iraqi currency is now witnessing a significant rise and recovery, as it is considered one of the strong international currencies, … Continue reading →

Militia Man – Dinar Guru  Article: “Baghdad & Kurdistan Region at the table of Constitutional Entitlements”  The looks of things here are seriously on fire. They talk about budget and in detail, they went over the file with respect to key … Continue reading →

Kaperoni – Dinar Guru   …The Central Bank announced they’re going to liberalize the foreign exchange.  Meaning they’re going to spend more dollars in the auction. This of course has impact on the dinar exchange rate… the reality is all they’re going … Continue reading →

Pimpy – Dinar Guru  There is a lot of talk once again about the change in the exchange rate.  I think some people are misinterpreting what they’re reading… Article:  “Government official: Dollar exchange rate will fall and its impact in a … Continue reading →

Nader – Dinar Guru   They [the CBI] didn’t say how much.  They [the CBI]  just said to the old numbers and then it’s gonna go down gradually…that’s good news.  I’m happy about that.  It will help me out a lot actually if … Continue reading →

Pimpy – Dinar Guru  When it comes to this new government in Iraq it is moving quickly and I mean very quickly.  Not just locally but internationally…

tlm724 – Dinar Guru   Article:  “Association Of Banks: Central Bank Measures Will Return Dollar Prices To Their Rates Quickly”  Quote:  “those who criticize the central bank must be aware that its measures announced yesterday by increasing the supply of dollars through … Continue reading →

Clare – Dinar Guru   Article:  “Government official: The exchange rate of the dollar will decrease and its impact will be after a week”  Quote:  “A government official confirmed, on Monday, that the exchange rates of the US dollar against the Iraqi … Continue reading →

Kaperoni – Dinar Guru  The Prime Minister of Iraq met with the central bank governor…He was instructed to take steps to improve the banking system.  The governor was directed to further liberalize foreign exchange. The benefit of such a move helps … Continue reading →

Kaperoni – Dinar Guru  This step by the central bank today will help perpetuate investment and develop their economy. It is a first step of many.  Liberalizing the foreign exchange and access to dollars should also have an affect on the dinar … Continue reading →

Militia Man – Dinar Guru  Article: “In the document.  The central bank decides to increase the weekly share of dollar sales“  Are they about to make a big move?

Clare – Dinar Guru  Article: “Starting tomorrow… the Central Bank of Iraq is moving to reduce the price of the dollar (document)”  Quote: “The Central Bank of Iraq decided, on Sunday, to increase the weekly sales of the US dollar in the … Continue reading →

CandyKisses – Dinar Guru  Article: “Parliamentary: Discussions and Dialogues to Review the Dollar Exchange Rate”  Quote: “MP Najwa Hamid confirmed the House’s move towards reconsidering the dollar exchange rate.  Hamid told Mawazine News that “there are discussions and dialogues between … Continue reading →

Nader – Dinar Guru  The decision this morning has been made to change the exchange rate.  They actually said to the old one…we don’ know if it’s the 1160…then they said it’s gonna go down slowly…the decision is made…maybe a … Continue reading →

Samson – Dinar Guru  Article: “Iraq is fifth in the world in oil reserves, the cheapest to extract and the most profitable”  Quote:  “the oil reserves in Iraq and Saudi Arabia are close to the surface and on the ground, which makes … Continue reading →

Samson – Dinar Guru  Article:  “Basra Gas announces that its production has increased to 1000 million standard cubic meters per day” Quote:  “Gas production has increased by four times, as the company produces 1,000 million standard cubic meters per day, after … Continue reading →

Pimpy – Dinar Guru   Article quote:  “The absence of the approval of the 2022 budget has hindered taking advantage of the rise in oil prices to implement new investment project – In addition with weak business environment and efficiencies in … Continue reading →

Sandy Ingram – Dinar Guru  Article:  “Blaming Kurds for unrest, Iran threatens Iraq with offensive”  Breaking news out of Iraq – Iran has made good on their threats.  They have lit up Northern Iraq like a Christmas tree with drones and missiles…the … Continue reading →