Author Archives: The Dinar Observer

Kaperoni – Dinar Guru  Former deputy CBI gov and economic adviser to the PM Muhammed Salih stated that Iraq is worth about $16 trillion dollars including oil and all minerals in the ground.  So there…$16 trillion dollars!

Pimpy – Dinar Guru  Article:  “Al-Kazemi’s advisor puts forward a proposal to double growth rates“.   Oh, yeah baby!  That’s what we want to see!  Quote:   “Saleh proposed on Saturday to raise the volume of investment in six sectors to double growth … Continue reading →

Militiaman – Dinar Guru  Sadr…gave a 40 day period out to the Coordination Framework to form a government and they are said to have failed. Also, this week we have seen that Sadr gave the independents up to 15 days to form … Continue reading →

Frank26 – Dinar Guru   The ISO was to put the IQD in a position to go international.  For trading International.  To pay their bills in their own currency.  To deal with cross-border payments.  This is huge.  It’s a platform to go international.  This is … Continue reading →

Pimpy – Dinar Guru   Somebody is spreading … what you would call ‘nay-say’, doubt, stressing people out.  I see it all the time in the group, people just go, ‘Oh, man the Iraqi dinar is never going to change.  It’s … Continue reading →

Clare – Dinar Guru  Article: “Minister of Finance: The financial situation is very good and an upcoming meeting with the International Monetary Fund and the World Bank is in Baghdad”  GREAT ARTICLE!  …meetings with the International Monetary Fund and the World … Continue reading →

Samson – Dinar Guru  Article:  “Iraq exceeds the Arab countries in the growth rate .. IMF: GDP willreach 9.5%“

Sandy Ingram – Dinar Guru   Iraq does not appear to be interested in revaluing their currency over and above the December 2020 rate…of course the IQD will revalue or float one day, however you should be aware that Iraq is … Continue reading →

Kaperoni – Dinar Guru   It was stated back in 2013 in the IMF Article IV Consultation with Iraq they need to diversify their economy.  Doing so they then can float the dinar allowing it to gradually appreciate over time…Direct from … Continue reading →

Kaperoni – Dinar Guru  When you search Wikipedia for an explanation of the Balassa-Samuelson effect, it implies that countries with rapidly expanding economies should tend to have a more rapidly appreciating exchange rate.  In other words, the appreciation of the Iraqi dinar … Continue reading →

Mountain Goat – Dinar Guru  …we have many…articles, from the CBI itself confirming how rich Iraq really is and so why is the dinar not yet reinstated. The country under Dr Shabibi kept the dinar at 1166 for ten years … Continue reading →

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”