Author Archives: The Dinar Observer

Militia Man – Dinar Guru  The CBI will have to make an exchange rate change…They’ve said they were going to redenominate their currency to match the region and we expect that to happen relatively soon.  They publicly stated they may be … Continue reading →

Clare – Dinar Guru  Article:  “A new announcement by the Central Bank on the exchange rate of the dollar”  Quote:  “The bank’s advisor, Ihsan Al-Yasiri, said in a press statement today, Wednesday, that: ‘The rise in the exchange rate of … Continue reading →

Samson – Dinar Guru  Article: “A deputy sets a condition for voting on the 2023 budget related to the dollar exchange rate”  REDUCE THE DOLLAR TO THE DINAR

Samson – Dinar Guru  Article:  “Al-Nusairi announces the release of his new book, “The Central Bank of Iraq…The Journey of Challenges and Achievements 2003-2022”  Quote:  “The book reviews the challenges that the Central Bank of Iraq faced during twenty years, … Continue reading →

Sah – Dinar Guru  Yes, they are out of chapter 7 formally, as of a few months back. IMF stated that Iraq did overpay and was paid back about 7 million and was taken out of Chapter 7 and submitted … Continue reading →

Pimpy – Dinar Guru  Article:  “What is the secret of the decline in the Iraqi dinar despite the increase in dollar reserves?”  Having large amounts of reserves in gold strengthens your currency…why is the dinar losing value to the U.S. dollar?  Quote:  … Continue reading →

Sandy Ingram – Dinar Guru   International news feeds light up with details on the Iraqi PM statement on US troops.  Article:  “Iraqi PM backs indefinite US troop presence in country”  Quote:  “Iraq would like similar relations with Washington to those … Continue reading →

BGG – Article:  “Al-Fateh: Selling oil in currencies other than the US dollar is very possible”  I have said this and said it and said it… This is not an unrealistic set of events. EVERYONE wants off the US Dollar. The question … Continue reading →

Pimpy – Dinar Guru   Although this [past] article makes a great case why the rate is gong to be reinstated at $3.22…there’s nothing out there that guarantees the rate at $3.22.  I say that hesitantly because in an article they tell … Continue reading →

Breitling – Dinar Guru   Iraq is still cranking.  The powers that be in Iraq, the people with the authority, I haven’t heard one of them say, ‘This isn’t going to work.  We aren’t going to add value to our currency.  Maybe … Continue reading →

Kaperoni – Dinar Guru   What law needs to be passed now?  It’s not what law,  it’s laws. They’re over 100 outstanding laws in Iraq that need to be passed to encourage investment in Iraq. Nothing is happening with the dinar until … Continue reading →

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 →