Author Archives: The Dinar Observer

CharlieOK – Dinar Guru  Articles are out there stating that Baghdad and Kurdistan are close to negotiating the HCL. This is good news. There will be…no publicized public budget or rv without Baghdad and Kurdistan agreeing on the HCL… Let’s hope … Continue reading →

Henig – Dinar Guru  Article:  “Al-Awadi: We agreed with Washington on the dollar and the results will appear in the markets”  Quote:  “There is a new mechanism that will contribute to the stability of the exchange rate in the markets in … Continue reading →

Pimpy – Dinar Guru  How the exchange rate is going to take place is not the way other people are saying it.  It’s going to happen one of two ways…It’s going to go up in increments…the dinar was at 1450 dinars for … Continue reading →

Pimpy – Dinar Guru  Now having said that, there’s a good chance it might go up maybe one more time…they have not put out their budget yet and there’s a good chance we might see another small increase.  Really depends on … Continue reading →

Nader – Dinar Guru  It’s weird this week was not big news.  Nothing coming up.  It’s really weird.  I don’t know why they stopped this…they didn’t do anything special.  They didn’t do anything can make us happy this week…It’s not normal.  Why would … Continue reading →

Pimpy – Dinar Guru   We’re still waiting on the budget because the budget will tell us a whole lot more.

CANDYKISSES – Dinar Guru  Article:   “The government to (Baghdad today): We agreed with Washington on the dollar and the results will appear in the markets”  Quotes:  “The effects of these dialogue and agreements will be tangible in the near future, especially with … Continue reading →

Pimpy – Dinar Guru   Iraq’s foreign currency assets got above $90 billion dollars which is good for Iraq.  Plus they increased their holdings in gold.  Unlike Vietnam who had to use all of their foreign currency assets, while most of them, … Continue reading →

Militia Man – Dinar Guru   The historic event was the meetings in Washington DC.  They were all about economics…the exchange rate…reforms…Iraq moving to a private sector and all of those meetings were successful.  Everybody’s in agreement…all those things happened and they … Continue reading →

Clare – Dinar Guru   Article:  “A new record… Iraq’s hard currency reserves amount to $115 billion”  Quote: “Saleh said…Iraq’s reserves of foreign currency amounted to 115 billion dollars, which is the largest in its history”

Sandy Ingram – Dinar Guru   Article:   “The most mysterious..What did the Iraqi delegation achieve in its visit to Washington?”  There was more about the meeting than the mainstream US press was revealing…there as a media silence surrounding the … Continue reading →

Sandy Ingram – Dinar Guru  We do know there is a high level of expectation of certain tasks being completed by the Iraqi government in a short period of time.  We also know the delegation believed they could persuade the US … Continue reading →

Mountain Goat – Dinar Guru   Beginning of the White Paper reforms for Iraq …The Wealth Transfer is coming…  yes it is in progress. Weeks ago the IQD was taken off the sole peg to the US dollar. Surprise, surprise…!!! …This was done … Continue reading →

Pimpy – Dinar Guru  Will there be an increase in the Iraqi dinar?  I hope so.  Whether it be a big one where the Iraqi dinar is actually exchanging with more value than the U.S. dollar, I don’t think so.  I could … Continue reading →

Henig – Dinar Guru  Article:   “We reached a “good agreement” with Washington on the exchange rate crisis”  Quote:  “from now on, the import and export of dollars to and from Iraq will be through an electronic system,” adding that “the … Continue reading →

Sandy Ingram – Dinar Guru   Houston we have a problem.   Counterfeit dollars and Iraqi dinars found in Northern Iraq.   Article: “Counterfeit money sweeping northern Iraq”  Counterfeit US dollars deepens the financial crisis in Iraq as denominations of counterfeit US dollars appeared in the … Continue reading →

Pimpy – Dinar Guru   It looks like Iraq is going to be working with Interpol.  If they catch anybody do money laundering or smuggling a currency to go ahead and turn them over because it’s a really important step in fixing … Continue reading →

Mountain Goat – Dinar Guru  I am being told by my CBI contact that the CBI has about two weeks to prove they can withstand a rate of 1000 dinars to the US dollar… they will evaluate the situation and … Continue reading →

Pimpy – Dinar Guru  Iraq is going to have to know how much currency is out there in circulation…the last thing you want to do is increase the rate of the dinar and turn around and enrich a terrorist group…If … Continue reading →

Sandy Ingram – Dinar Guru  The IQD rate still does not show 1300 IQD to 1 US dollar.  We are not sure if the 1300 IQD rate is in effect.  However, a rate of 1310 IQD to 1 US dollar shows … Continue reading →

Paulette – Dinar Guru  …There will be a significant amount of USD going to Iran for imports and this will continue but under the “new mechanism”…Merchants conducting Legal business can purchase USD for 1320…Who is willing to pay nearly 14% … Continue reading →

Pimpy – Dinar Guru  Article: “US Report: Iraqi delegation in Washington came under ‘severe’ pressure from Biden administration”  To me this is just smoke and mirrors…they’re acting like they’re being hard on Iraq but I don’t believe it, not for a second.

Henig – Dinar Guru   Article:   “Government spokesman to Shafaq News: The Iraqi delegation to Washington reached “new mechanisms” on the dollar crisis”  Quote:  “…the American party has paid very attention to the Iraqi delegation in a very different way … Continue reading →

Militia Man – Dinar Guru   We’re changing from an exchange rate topic to a value-related topic.  We have the foreign minister, finance minster and the central bank talking about value and value comes from not just an exchange rate per se but … Continue reading →

Sandy Ingram – Dinar Guru   Article:   “Commission of Integrity issues 90 arrest warrants for official”  The officials include 4 MPs in the current parliament.  5 former MPs.  4 former ministers…2 current undersecretaries.  3 former undersecretaries …3 current governors.  14 former governors.  … Continue reading →

NORV – Dinar Guru   Despite the Central Bank’s decision to adjust the exchange rate to 1,300 dinars to the dollar from 1,470 dinars, confusion still prevails in the Iraqi markets. The exchange rates remain high despite the relative stability in the … Continue reading →

Pimpy – Dinar Guru  Article:   “Urgent the governor of the central bank reveals the secrets of the dollar’s devaluation and the reason for its rise in the market”  He’s saying there’s no reason to change the Iraqi dinar rate anymore.  He … Continue reading →

Paulette – Dinar Guru Perhaps…However, Iraq has clearly stated that imports only require a maximum of 60 million/day…the citizens are being encouraged to hold and use IQD…where did the other 600 million+ go this week?  It certainly didn’t result in controlling the … Continue reading →

Henig – Dinar Guru   Article:  “A leader in Al-Asa’ib sparks a dispute between Al-Sudani and Al-Maliki“.   IMO: Maliki being Maliki again.  I see any disagreement with Maliki as being a good thing. Maliki likes his power, and when someone opposes him … Continue reading →

Pimpy – Dinar Guru   Iraq…had a chance to come out to Washington and the squeeze was put on them.  Biden has put a crack down on Iraq because it won’t stop funding Iran.  This is what happens when you get a Coordinated … Continue reading →