Author Archives: The Dinar Observer

Kaperoni – Dinar Guru   …yesterday the Minister of Finance Ali Allawi stated in his speech at the spring meetings of the International Monetary Fund and World Bank in Washington , DC that Iraq needs help to diversify, to change from a rentier … Continue reading →

Pimpy – Dinar Guru   Article: “The Central Bank of Iraq achieves the highest percentage of hard currency reserves since 2014”  Quote ‘the foreign reserves of the bank exceeds $70 Billion and a large number that the bank has not seen for years…”  Actually … Continue reading →

Godlover – Dinar Guru   Community Comment: “From the articles it looks as if all we need is the government. Hopefully Iraq announces very soon that Kazemi…will stay in power so we can move on”  I pray this to be true.  … Continue reading →

Godlover – Dinar Guru   I would not be concerned if the food security law is passed with the general budget, but it would be concerning to me if the food security law passed without the budget. This would tell … Continue reading →

Mountain Goat – Dinar Guru   We can already see…al-Sadr is our champion along with Al-Kazemi and Saleh. There are many more patriotic members of parliament too who will fight to keep Iraq free and sovereign. With this freedom and sovereignty comes … Continue reading →

Militiaman – Dinar Guru   “the current financial abundance achieved from the increase in oil prices needs a legal cover for the disbursement of funds under the Food Security Law, while there will be an entitlement to the oil-producing governorates … Continue reading →

Kaperoni – Dinar Guru   My personal view is I still believe that Iraq will float the dinar allowing it to gradually appreciate as the economy in Iraq prosperous. Which means it’ll be gradually over time and it’s going to take a … Continue reading →

Pimpy – Dinar Guru  Things are really starting to look good for Iraq in many different ways.  If they could just get past this political blockage, get a government formed…stick to the white papers – then I think they’re going … Continue reading →

Mountain Goat – Dinar Guru  Article:  “THE MINISTRY OF FINANCE CLARIFIES ABOUT RESTORING THE DOLLAR PRICE TO 120 THOUSAND IN THE 2022 BUDGET”  Quote:  “There is no truth to the news circulating on social media and attributed to the Undersecretary of … Continue reading →

Petra – Dinar Guru  I suspect after seeing the UST, WB, IMF, Deputy Prime Minister, Alawi, in meetings of late, is a sign… A big one…many players …at the “End Game!” IMO

Clare – Dinar Guru   Question  “Do I remember correctly that the caretaker gov’t can become the seated gov’t by Kazemi making it so?”  YES, THE GOVERNMENT DOES NOT NECESSARILY HAVE TO CHANGE AS THE ARTICLES HAVE SAID THEY MAY AGREE TO … Continue reading →

Samson – Dinar Guru   Article:  “Iraq… Ambiguity surrounding the 2022 budget”  Quote:  “one of the most important priorities of the upcoming budget, according to global oil prices, is to adjust the value of the dinar against the dollar,“…

Pimpy – Dinar Guru   Article:  “70 private banks in Iraq – and the World Bank expects it to be ranked first in the Arab world in growth”  Yes, the World Bank is saying that Iraq is going to be #1 in … Continue reading →

Militiaman – Dinar Guru  Article:  “Is It Possible To Pass The Budget Of The Caretaker Government Without Final Accounts?”  My view is that it is possible that the Care Taker governments can and may have this sorted already and we will find … Continue reading →

Mountain Goat – Dinar Guru   It looks like there is finally a breakthrough in forming the new government …The announcement has not yet happened and is very close. I am told it will happen this week and Saleh and Kazemi will … Continue reading →

Petra – Dinar Guru  Press Release “U.S. Department of the Treasury: Under Secretary Brian Nelson’s Meeting with Iraqi Deputy Prime Minister and Minister of Finance, Ali Allawi”  I’m having a hard time with that Food Security Law. With the budget imminent, … Continue reading →

Pimpy – Dinar Guru  Video “Why Foreign Currency Reserves Are Important”    Quote “holding foreign currency reserves…influence the exchange rate.  With large foreign exchange reserves a country can target a certain exchange rate.  For example, suppose a country wanted to increase the … Continue reading →

Pimpy – Dinar Guru  Article “Central Bank: cash reserves exceeded 70 billion dollars”  …The Central bank has reserves exceed $70 Billion.  This is good.  Iraq continues to build up the reserves…the more Iraq continues to build up their reserves the easier … Continue reading →

Samson – Dinar Guru  Article:  “The Central Bank of Iraq achieves the highest percentage of hard currency reserves since 2014”  Article:  “The Central Bank: Our cash reserves exceeded $70 billion”

Militiaman – Dinar Guru   Press Release:  “U.S. Department of the Treasury: Under Secretary Brian Nelson’s Meeting with Iraqi Deputy Prime Minister and Minister of Finance, Ali Allawi”  The food law, as they are calling it is a necessity of the … Continue reading →

Pimpy – Dinar Guru   Everybody’s wanting to know about the Iraqi rate change.  I’m going to tell you right now, until the government is formed, the budget is passed, more money is invested into the private sector – that is not … Continue reading →

Clare – Dinar Guru   Question:   “Will the IQD be asset backed when there is a change in rate?”  YES, BECAUSE IT IS ASSET BACKED ALREADY BECAUSE THE AMOUNT OF WEALTH IRAQ HOLDS IS AMAZING!!! IMO  THE CBI RESERVES ARE VERY … Continue reading →

Frank26 – Dinar Guru    Article: “The Dollar Exchange Rate That Will Be Approved In The 2022 Budget ”   WHY DO YOU NEED TO APPROVE THE EXCHANGE RATE FOR THE 2022 BUDGET… WHEN YOU ALREADY HAVE AN EXCHANGE RATE… UNLESS YOU’RE GOING … Continue reading →

Mountain Goat – Dinar Guru   …All the news is very good. …the CBI once again announced that the monetary reserves are very high. We know the IMF requires just 45 billion for financial stability and they just announced reserves of … Continue reading →

Kaperoni – Dinar Guru    [Re: ‘Discovered new dinar research document”   If this event occurs, Iraq will make citizens exchange 1,000 current Iraqi dinars for one new Iraqi dinar. That one new Iraqi dinar would be worth approximately $0.50. In other … Continue reading →

Pimpy – Dinar Guru  The faster they get away from depending so much on oil the faster they can create more jobs for the Iraqi people, the faster they can get more people off government assistance the better.  Then if they … Continue reading →

MilitiaMan – Dinar Guru  Article:  “Iraq.. Expose the reasons for the demands to withdraw the hand of the director of customs”    No wonder there is movement on the borders to get compliance, the ISO20022 [electronic data interchange between financial institutions] … Continue reading →

Samson – Dinar Guru   Article:   “The Central Bank announces an increase in cash reserves to 70 billion dollars”

Pimpy – Dinar Guru  …more rate change conversation.  They’re out there talking about their rate exchange again…This seems to be the talk of the town.  Article: “Finance responses to news of its discussion to reduce the dollar exchange rate”  Before … Continue reading →

Kaperoni – Dinar Guru  This is proposed and of course it directly is related to Iraq forming a new government prior…the Central Bank of Iraq would have to accept the proposal.  But considering this proposal is public, and symposiums are … Continue reading →