Author Archives: The Dinar Observer

Pimpy – Dinar Guru  I think this [stability of the dinar] is going to be an issue for the first couple of months going into 2023 but after that there should be some stability and then growth for the Iraqi dinar…

Paulette – Dinar Guru  If the new rate does not directly apply to both old and new currency, the CBI will have created a Multi Currency Practice structure in violation of the IMF Article 8.  Therefore, the IMF will not be able … Continue reading →

Militia Man – Dinar Guru  Article:  “Iraq achieves the largest purchase of US Treasury bonds in 10 years”  Iraq holding US Treasury Bonds doesn’t suggest their is an issue with the value of the Dollar or they wouldn’t be net buyers. They … Continue reading →

Nader – Dinar Guru  Two things you’re gonna see.  When they stop selling and buying [dinars] at the banks for a week or two.  When you see new very small currency come out – 1, 5, 10, 20 maybe 25, 50, 100.  … Continue reading →

Pimpy – Dinar Guru  The news as usual has to do with the dinar exchange rate.  Every day one to two articles about changes to the exchange rate, thought about changes to the exchange rate, Central Bank of Iraq saying there’s no … Continue reading →

Clare – Dinar Guru  Article:  “The volume of trade exchange between China and the Arab countries amounted to 300 billion dollars”  WHAT WE ARE WITNESSING IS HISTORIC!…THAT IS A LOT OF MONEY AND A HUGE “SHIFT” IS TAKING PLACE RIGHT BEFORE OUR … Continue reading →

Pimpy – Dinar Guru  Article:  “Sudanese advisor explains about (fluctuations) the exchange rate of the dollar”  The paragraph caught my attention… “The collection of foreign currency is increasing to meet the requirements of foreign trade and is achieved immediately.”  It looks like … Continue reading →

Mountain Goat – Dinar Guru   Article:  “WHAT IS MEANT BY CURRENCY FLOAT? WHAT ARE ITS ADVANTAGES AND DISADVANTAGES?”  This article is a VERY GOOD lesson in what it means to FLOAT a currency. …they can’t float the dinar in the program rate … Continue reading →

Paulette – Dinar Guru  IMSO, the rate will have to apply to both new and old currency as the CBI has stated the 3 000’s will coexist with the NSCN’s for at least two years and upwards of ten years.  A few … Continue reading →

Militia Man – Dinar Guru  The move by the US Federal Reserve Bank has their [Iraq’s] attention…What the USFED did was to put a fire under the bus with them in it. The reduction in the dollar sales has had a … Continue reading →

Mountain Goat – Dinar Guru  As we end 2022 the news is heating up over what to do with the Iraqi dinar and save Iraq. We have been reading articles for over a year now on how to fix it … Continue reading →

Clare – Dinar Guru  Article: “Fixing the dollar and oil in the 2023 budget and the truth about US sanctions.. “Sami’s Spectrum” reveals the details” Quote:  “The price of a barrel of oil, which has been set so far in … Continue reading →

Sandy Ingram – Dinar Guru   In 2004 the CBI set up the foreign currency auctions as a way to control the rate on the black market.  Now we understand it is the black market that has control and the Iraqi … Continue reading →

Militia Man – Dinar Guru  The UST has Iraq’s CBI in a position to make a exchange rate change, imo.. They are likely at a point now there is no looking back in not doing so.  Show time? It looks that way. There were … Continue reading →

Mountain Goat – Dinar Guru  We are told in an article…that the budget will be in parliament ready for review and vote in two weeks. …That pushes it to early January 2023 to begin the voting process. …So, sit back and … Continue reading →

Clare – Dinar Guru  Article “Central Bank Governor: The measures taken will contribute to achieving monetary stability” Quote “Wednesday, an emergency session of the Ministerial Council of Economy….The session was attended by the Governor of the Central Bank of Iraq, Mustafa … Continue reading →

Paulette – Dinar Guru   Iraq’s CBI has clearly told us their plans to Re-denominate their currency including adding denominations all the way to 25 Fils (1/40th of an IQD).  This logically requires a change in rate.  As long as that new … Continue reading →

Henig – Dinar Guru  Article: “Economist: Central Bank policy failed and printed 40 trillion dinars of a new category“ Quote: “He stressed that the strategic vision of monetary policy is wrong, and the Central Bank has printed 40 trillion dinars of the new … Continue reading →

Sandy Ingram – Dinar Guru  Why the IQD/USD exchange rate matters to people in Iraq – Iraqis who are paid in dollars have more purchasing power…people paid in dinars have less purchasing power since imports and exports are paid in dollars (including … Continue reading →

Pimpy – Dinar Guru  Right now in Iraq the major news is…what the markets are determining is the value of the IQD versus the U.S. dollar.  The IQD continues to lose value…this is why we saw some banks start allowing the … Continue reading →

Clare – Dinar Guru  Article:  “After years of delay and disagreement, an agreement was reached by the “majority” to pass the oil and gas law”  Quote:  “there is a political agreement between all political blocs and parties to pass the oil … Continue reading →

Paulette – Dinar Guru  It is an interesting dichotomy happening right now as not only did the banks stop buying as much USD but the money changers have also in spite of the rate being at its worst since I have … Continue reading →

Samson – Dinar Guru  Article:  “After years of delay and disagreement… an agreement by the “majority” to pass the Oil and Gas Law”

Clare – Dinar Guru  Article:  “MP Al-Qaisi: The government is able to rein in the dollar at any moment it wants”  Quote:   “With the hundred billions stacked in the Central Bank’s accounts, and with the tons of gold stored in … Continue reading →

Sandy Ingram – Dinar Guru   All this talk about revaluing the currency is only about taking the currency from 1500 IQD back 1150 IQD approximately to 1 US dollar.  All this commotion does not include the revalue we are looking for.  … Continue reading →

Mountain Goat – Dinar    Remember that January is the CBI’s most opportune time to change the rate of their currency to start off their new fiscal year. This is why they push also for getting the budget done by then. I am … Continue reading →

Clare – Dinar Guru  Article: “Sudanese advisor: Exchange rate fluctuations are temporary and there is no concern about Iraq’s capabilities to impose stability”  Quote: “Salih revealed…foreign reserves have become the strongest in Iraq’s financial history, and its balance has perhaps … Continue reading →

Kaperoni – Dinar Guru  Question: “Can you explain why Libya has the same kind of economy as Iraq and an even less structured government and their Dinar is worth 17 cents to the dollar.”  The key point with Libya is they only … Continue reading →

Pimpy – Dinar Guru  If the restriction on Iraqi dinar were lifted and all of a sudden the exchange rate jumped up high make no doubt about it…you would see me hauling butt down to the bank!

Breitling – Dinar Guru   I don’t see anything negative going on in Iraq…as far as the Iraqi dinar is concerned…like the United States they can screw up a lot and still maintain its markets.  Iraq has that room also because … Continue reading →