Author Archives: The Dinar Observer

Clare – Dinar Guru  Question:  “the 26k note will be cancelled?”  THE 25K NOTE…NO, NOT AT ALL..THE NOTES ARE VALID THEY WON’T USE THEM IN COUNTRY.  THE NOTES WE HAVE WILL STILL BE ABLE TO EXCHANGE WHEN THE RATE CHANGES. IMO

David M. Witty – Dinar Guru  Iraqi Speaker of Parliament: the parliament meeting on Thursday will have one agenda item: electing a president of the republic.

Samson – Dinar Guru  Article:  “The judiciary releases Al-Maliki on bail after appearing in the leaks file” Quote: “Judge Jaafar al-Moussawi, announced…the release of the leader of the State of Law coalition, Nuri al-Maliki, on bail after appearing before the judiciary … Continue reading →

Mountain Goat – Dinar Guru  Article:   “THE CENTRAL BANK CLOSES THE DOOR TO CHANGE THE DOLLAR EXCHANGE RATE.. WHAT ABOUT THE PROJECT TO DELETE ZEROS?”  Quote: “the process of deleting zeros from the currency needs to legislate a law and requires … Continue reading →

Mountain Goat – Dinar Guru  I…know for a FACT that before the CBI will conduct the project to delete the zeros someday, it will have to get permission from the Finance Ministry thus the cabinet, to which writes the legislation and passed … Continue reading →

Mountain Goat – Dinar Guru   Why does Kap say it does not?  …The plan of the process to reform the currency was given to us in 2011… I would never even allude to a LOP.  Dr Shabibi told us specifically that a … Continue reading →

Samson – Dinar Guru  Article:  “Parliamentary Investment: Iraq has a financial abundance of more than 86 billion dollars”  Quote:  “Iraq lacks a strong government, if it existed, there would have been a boom in its economy,” expressing his hope that … Continue reading →

Breitling – Dinar Guru  Question: “What is the central banks’s position on the government of Iraq?”  They’re fine with it…I keep telling people there’s no difference between the Sunni and the Shia.  They’re definitely fighting for control.  On how they treat … Continue reading →

Samson – Dinar Guru  Article: “The new 20 thousand dinars category raises controversy and reveals the hidden.. Economists: It will increase inflation“

Mountain Goat – Dinar Guru  Why have a new 20,000 dinar note?  …why issue it if there is a plan to conduct the project to delete the zeros in the very near future anyhow? Why go through all the work and expense?  … Continue reading →

Breitling – Dinar Guru  Question:  “Don’t shoot the messenger!  This concept is out there often – ‘Iraq is in no position to float the Iraqi dinar because they are 90% dependent on oil and until they pass laws, diversify their economy, … Continue reading →

Kaperoni – Dinar Guru  Iraq is in no position to change the exchange rate at this time…Iraq needs to diversify away from oil, create a private sector market economy where they manufacture, have agriculture, etc. To support their own economy.  Until … Continue reading →

Samson – Dinar Guru   Article:  “American Institute: The world is moving towards not recognizing the Iraqi diplomatic passport”  Quote: “the Geneva Convention granted the right to every state participating in the United Nations to issue 1,000 diplomatic passports for every … Continue reading →

MilitiaMan – Dinar Guru  We have been told over and over that the CBI has upwards of 90 -145 billion in $ reserves and over 130 tonnes of gold. The border income may match or exceed Iraq’s oil revenues. Add in … Continue reading →

Clare – Dinar Guru  Article:   “After reaching international forums, the Iraqi company TNFX obtains a global license” Quote:  “The license allows it to deal financially in Iraq and abroad, and it is one of the reliable international financial dealing companies”  … Continue reading →

Samson – Dinar Guru  Article “Iraq is the largest buyer of gold for the second quarter of this year”   Quote  “The World Gold Council announced today, Saturday, that Iraq was the world’s largest buyer of gold during the second quarter of … Continue reading →

Mountain Goat – Dinar Guru   But as inflation rises with their devaluation of the dinar since 2020, these too come almost worthless in Iraq …Gold is going to sky rocket since all countries are going to go back to … Continue reading →

MilitiaMan – Dinar Guru   Article:  “Ports announce the completion of their electronic procedures for exempted goods”   The completion of the last link means to me they are fully ready for what is expected. They go international the coffers will fill … Continue reading →

Michael Cottrell – Dinar Guru  I think right now it could happen at any time for any reason…we are at the right stage…the right time…and the right players are stepping up to the plate.

Samson – Dinar Guru   Article:  “The Central Bank announces the achievement of the largest cash reserve in its history”   Quote:  “The Central Bank’s reserves exceeded 87 billion dollars, which is the largest number that the Central Bank of Iraq’s reserves … Continue reading →

Militiaman – Dinar Guru  Article:  “Economist: Going to print a currency of 20 thousand dinars will cost Iraq a lot of money”  There has already been allocations of large sums of money to print new currency issuance and it has been … Continue reading →

Kaperoni – Dinar Guru   There are several news articles regarding the central bank reserves reaching 87 billion, and discussion on the new 20,000 dinar note.

NORV – Dinar Guru    The good news is they are not going to implement delete zeros…”there was a proposal to delete the zeros from the dinar, but it was not implemented.”  The dinar is getting stronger and the very … Continue reading →

Mountain Goat – Dinar Guru  Article:  “IRAQ: CENTRAL BANK RESERVES EXCEED THE CEILING OF 87 BILLION DOLLARS”  Yes, 87 billion reserves already and it just the end of September. They will reach way over 90 billion as projected by the end of … Continue reading →

Samson – Dinar Guru   Article:   “Karbala Refinery.. Unprecedented Iraqi oil production reduces 70% of gasoline imports”  Quote: “the Karbala refinery, which opened yesterday, will reduce Iraq’s import of gasoline by 70%, while they indicated that the completion of the … Continue reading →

Kaperoni – Dinar Guru  Yes, Iraq will float the dinar but it won’t float until they diversify away from oil and create a private sector market economy and begin to prosper. BGG ~ Why would they do such a thing?!? They … Continue reading →

MilitiaMan – Dinar Guru   We are waiting on a calm atmosphere. Today’s vote of confidence for Halbousi may have been just the calm we needed…The CBI too, can calm markets. That is a part of their job. To delete the three zeros from … Continue reading →

Samson – Dinar Guru  Article:  “The Sovereignty Alliance congratulates the renewal of confidence in Muhammad Al-Halbousi as Speaker of Parliament“  Quote:  “The renewal of confidence in Mr. Al-Halbousi represents a true expression of the state of national consensus to move … Continue reading →

Mountain Goat – Dinar Guru   What does Al-Kazemi support as prime minister? Remember that the White Paper is his baby. He helped put that document together and plans to fully implement it. Within it is our reinstatement back to FOREX.   Kazemi is … Continue reading →

Samson – Dinar Guru  Article “Governor: The Central Bank has played a major role in revitalizing the Iraqi economy over the past years”  Quote “The Governor of the Central Bank, Mustafa Ghaleb Makheef, confirmed…the banking sector in Iraq is looking forward to increasing … Continue reading →