Author Archives: The Dinar Observer

Sandy Ingram – Dinar Guru  Article: “Two killed as Iraq’s powerful Sadr quits politics, loyalists storm complex”  Al-Sadr said he would quit politics prompting his loyalist to storm a parliamentary government complex in Baghdad…gunfire echoed over the capital…

Kaperoni – Dinar Guru  Tensions in Iraq are beginning to rise violence is now starting. There’s been some rockets falling on the green zone including near the US Embassy. This is getting out of hand.  The inability to form a government … Continue reading →

Dinar Community Update –  This week President Biden signed into law the $437 Billion spending bill ironically called the Inflation Reduction Act (IRA).  $80 Billion is to be used to increase the size of the IRS…  Why does this matter to … Continue reading →

Petra – Dinar Guru  Article: “The United Nations and Al-Kazemi renew the call on the parties to save Iraqi blood”  The UN has the authority under their charter to interdict into national affairs of sustaining members of which Iraq is … Continue reading →

Clare – Dinar Guru  Article:   “Green protesters surround the Republican Palace, and riot control responds with water cannon”  Article:  “The Green Zone is completely closed and the joint operations call on the demonstrators to withdraw immediately“  Article:   “Dozens of … Continue reading →

Samson – Dinar Guru  Article:  “Al-Kazemi’s most prominent advisor: We have an abundance of money without legal cover to spend it! ” Quote:  “that abundance did not enter the paragraphs of the Food Security Law, as well as the Federal Court’s decision … Continue reading →

Militiaman – Dinar Guru   Article: “Waste and smuggling” …the central bank sells Iraq instead of the dollar”  Looks like the CBI has been sorted from within now… With the new Digital System they have been apparently able to get the corrupt … Continue reading →

Sandy Ingram – Dinar Guru  Article:   “Iraq’s top court sets August 30th as date to discuss case for dissolving parliament”  …This article implies that the dissolving of parliament is still on the agenda…

Pimpy – Dinar Guru  The military does not normally handle any type of exchange rate change for any currency around the world…there is no military ‘standing by’.

Mountain Goat – Dinar Guru …When back on FOREX is the ONLY time, we will be able to exchange and not before…The new rate we want must show up on FOREX in order for the banks to legally exchange our dinar … Continue reading →

Samson – Dinar Guru  Article:  “The Central Bank: The cash reserve will rise to $90 billion by the end of 2022“.   Quote: “the current reserves of the Central Bank amounted to more than 80 billion dollars,” noting that “the gold … Continue reading →

Paulette – Dinar Guru  Some of the confusion I believe is in terminology…Parliament and the “government” are two totally separate and distinct entities.  The members of the GOI do not attend Parliament unless requested to do so by Parliament and … Continue reading →

BobTheTaxMan – Dinar Guru  …Exchanging the IQD in a high amount is going to be a costly event…to give up half of it just because you want to panic isn’t good thinking at all…they do want to add an extra … Continue reading →

Pimpy – Dinar Guru   [Pessimistic Comments about the dinar] ‘it’s a scam.’  ‘It’s a ripoff.’  It’s a currency.  The currency doesn’t rip people off.  There are people out there using the dinar to rip people off.  There’s a huge difference…

Tivon – Dinar Guru   Comex 589, Basel 3 Compliant, ISO-20022 – These three things should always be the deciding factor as to who you decide to bank with. I don’t care about the title or name of the bank. If they are not … Continue reading →

MilitiaMan – Dinar Guru   Community comment “Thought the EFSL was going to help…Iraq better get a move on, I don’t see a new exchange rate in the near future based on Iraq’s and the world’s news of what’s happening there,”   I … Continue reading →

Samson – Dinar Guru  Article:  “A European country is planning to reopen its embassy in Baghdad for the first time in 30 years”  Quote “Austria plans to reopen its closed embassy in Baghdad by next September.”

Paulette – Dinar Guru  The underlying fundamentals are sound…we should all be very happy and content that this will happen as we hope and expect.  It is also apparent that we very likely can see a change relatively soon…soon may be a … Continue reading →

Pimpy – Dinar Guru   I never said the Iraqi dinar exchange rate wasn’t going to change.  It is going to change.  I’m the one that said it’s not going to happen overnight.   It’s not going be a reinstatement of the old … Continue reading →

Kaperoni – Dinar Guru  The options for the Iraqi dinar are a LOP and a float. The later being the preferred but until the conditions are appropriate where they pass laws, remove corruption and diversify their economy it won’t happen. (Opinion only)

Clare – Dinar Guru  Article:  “Al-Hanana: There is no meeting between Al-Sadr and Al-Amiri except under conditions, one of which is a “live broadcast“

Sandy Ingram – Dinar Guru  Article:  “Central Bank of Iraq reserves return to levels before ISIS war”  The CBI announced that its cash reserves rose to $82 billion which is the level prior to the ISIS war and advanced 10 ranks … Continue reading →

Samson – Dinar Guru   Article: “Commencement of construction of the “tallest” residential tower in Iraq ”  Quote: “This project will be completed within four years, and its length is 210 meters, which is the longest in Iraq and includes 52 floors”

Tivon – Dinar Guru   I am 100% excited about August 15th.  Why?  Because for the first time in this investment all banks in Iraq will be ready for the new rate. Al-Kazemi could announce on that date or afterwards…Then the next day … Continue reading →

Pimpy – Dinar Guru  There is some good news.  Article: “The Central Bank Announces An increase In Its Cash Reserves To 82 Billion Dollars”  I’m curious to see how high they can get this sucker pumped up.  If they keep going … Continue reading →

Tivon – Dinar Guru  …The dissolution by default will activate Al-Kazemi…He will officially hold all power to activate reforms at anytime he sees fit. So it doesn’t matter if he does it before or after the 15th…all banks will be ready … Continue reading →

Nader – Dinar Guru  The bank came out today with news.  Says the reserve amount of dollars is $82 billion.  This it says by the end of the years would be 95-99 but you’ll see it’s going to come out $100-110 billion.  Then they … Continue reading →

Militiaman – Dinar Guru   …This weekend may see some very interesting things happen. Let pray they are in line with peace, security and stability to allow the them to give the best rewards to the people…

Samson – Dinar Guru  Article:  “The Central Bank: The cash reserve rose to 82 billion dollars“.  Quote:  “Iraq also advanced 10 ranks in the table of countries with the most gold, becoming the thirtieth in the world and fourth in … Continue reading →

Tivon – Dinar Guru  …Next three days are the focus…