Author Archives: The Dinar Observer

Pimpy – Dinar Guru  …The UN Council removed them out of Chapter 7 but they still left on all the damn restrictions.  What good was it?  They still needed some of these resolutions to be removed…They have now paid the last remaining balance … Continue reading →

Mountain Goat – Dinar Guru   The IQD from Iraq…MUST be reinstated in order for Iraq to progress forward with any success to the global markets if this is what they truly desire and they tell us this is where they … Continue reading →

Clare – Dinar Guru  Article:  “Al-Mandalawi: Quick and decisive measures to stop the rise in the dollar exchange rate”  Quote: “To protect citizens and prevent this from being reflected in the Iraqi markets, the measures that will be taken by us and … Continue reading →

Pimpy – Dinar Guru  Article: “The Central Bank launches an electronic platform for buying and selling the dollar next month”  This is going to probably alleviate a lot of the corruption involved with the currency auctions.  There’s no guarantee…but it should…the … Continue reading →

Breitling – Dinar Guru   What’s Iraq looking at?  They’re looking at the markets – where can they get the most customers and that’s it.  They have two things in front of them.  Adding value to their currency and where can they get … Continue reading →

Kaperoni – Dinar Guru   The dinar has no restrictions. The banking system remains under IMF Article XIV…Iraq still needs to meet some compliance issues and receive approval from the IMF in order to move to IMF Article VIII…

Pimpy – Dinar Guru   Article:  “Parliamentary legal hints at an “emergency” session to approve the 2023 budget”   If this thing can somehow get approved by Al-Sadini and then the House of Representative takes a look at it and [if] everybody’s … Continue reading →

Clare – Dinar Guru  Article: “Planning: Al-Sudani issued directives to address the effects of changing the exchange rate of the dollar” Quote:  “the Ministry of Planning revealed the issuance of directives from Prime Minister Mohamed Shia Al-Sudani related to addressing the effects of … Continue reading →

Pimpy – Dinar Guru  Article: “The talk of the exchange rate invades the Iraqi sessions…and the currency auction is the window for whitening the dollar”  We all know there’s lots of individuals who are politically connected and pick up on … Continue reading →

Pimpy – Dinar Guru  This article keeps touching bases on a group of speculators who continue to try…to drive the value of the dollar up while driving the value of the Iraqi dinar down…Why would they do that?  Is it possible these … Continue reading →

Clare – Dinar Guru  Article:  “The application of international trade exchange for the Middle East transforms Iraq into an “electronic financial exchange center”  Quote:   “The pioneering services will provide new horizons for the Iraqi market in ten foreign currencies, … Continue reading →

Militia Man – Dinar Guru  Article:   “The Iraqi Trade Bank announces the recovery of one trillion and 500 billion dinars”  The amount of funds being recovered to Iraq from corruption is staggering in totality. The trillions of dinars being returned will support … Continue reading →

Pimpy – Dinar Guru   Yes, I hear there’s still more chitter-chatter about the exchange rate and yes there’s a lot of misinformation still going on out there about the Iraqi dinar…the full exchange rate being reinstated – that’s not the case.  The … Continue reading →

Kaperoni – Dinar Guru  They’re talking about increasing the dollar sales through the auction which will raise the value of the dinar back to what it was a year ago. Around 1170 to $1.

Clare – Dinar Guru  Article:  “The talk of the exchange rate invades the Iraqi sessions..and the currency auction is the window for whitening the dollar” Quote:  “The talk of the exchange rate of the dollar has become the most prominent … Continue reading →

Pimpy – Dinar Guru  Article Quote:  “Parliamentary Finance announces the completion of the touches of the budget and its transfer to the Sudanese office.”  Now that they have it and all the final touches are done, they handed it out to the … Continue reading →

Nader – Dinar Guru  Article:  “Sunday, the Parliamentary Finance Committee announced the completion of the final touches of the budget and its transfer to the Prime Minister’s Office…”

RVAlready – Dinar Guru  …If, indeed, their currency has depeged, we will have to see what the market thinks of their gold reserves, foreign currency and bond reserves, and GDP.  It will take a bit for a new value to … Continue reading →

Samson – Dinar Guru   Article:  “Central Bank: The exchange rate of the dollar will be returned to normal within two weeks”  CBI taking actions

Sandy Ingram – Dinar Guru  Kuwait is Iraq’s neighbor… they have the highest value currency in the world.  How did Kuwait get to this status?  For one the Kuwaiti money is hard, very hard, difficult to come by.  It is not plentiful like … Continue reading →

Paulette – Dinar Guru  I believe that the closer to the end of this year that Sudani’s GOI passes the budget, the greater likelihood we will see the CBI move to “restructure” the currency.  Realize, this “restructure” must also come … Continue reading →

Clare – Dinar Guru  Article:  “The “Finance” expects the Iraqi government’s vote on the budget: Parliament’s approval of it will take about two months”  Quote:  “the Iraqi Council of Ministers will vote on the draft general financial budget law for the … Continue reading →

Clare – Dinar Guru  Article “Central Bank: The exchange rate of the dollar will be returned to normal within two weeks”  Quote “…the exchange rate is still disciplined and will be returned to normal within two weeks, no more”

Kaperoni – Dinar Guru  I have stated numerous times the auctions are twofold, the first is to provide dollars to pay for imports for the country, and the second being to control the exchange rate by a balance between dinars and dollars.  This … Continue reading →

Paulette – Dinar Guru  Sudani’s GOI continues working and I believe will pass the Budget in December…It then goes to Parliament who will likely read it after reconvening approximately 1/07/23…This will be the “1st Reading”…It will then go to Parliament’s Finance … Continue reading →

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 →