Author Archives: The Dinar Observer

Claire – Dinar Guru  Article:  “The International Monetary expects significant growth in the Iraqi economy and a decline in inflation in 2022”  Quote: “the gross domestic product is expected to grow significantly, outperforming all oil-producing countries, to reach 10.5 percent…

Pimpy – Dinar Guru  Article: “New Instructions for buying and selling foreign currency for the year 2021 and the stability of the dinar exchange rate”  This is the one everybody’s talking about…the wording in here is a little eye-catching…what I … Continue reading →

Desert Advisor – Dinar Guru  A few weeks ago it was announced by one of the representatives about the price of oil.  Quote: “Representative Al Nassif called on the Minister of Finance to reduce the exchange rate of the dollar after … Continue reading →

Kaperoni – Dinar Guru   Al- Sadr made a statement …in the media after winning the largest Bloc that “We will work to raise the iraqi dinar to be in the ranks of global currencies gradually.”  In other words there is no overnight … Continue reading →

Mountain Goat – Dinar Guru  The Central Bank of Iraq (CBI) in coordination with the Finance Ministry will decide when the RV happens not some election cycle. They will do it based on sound economic and financial policies…First, we need to … Continue reading →

Pimpy – Dinar Guru   Looks like some exciting news … The Sadr movement made some great achievements in the elections…they now control the parliament and this man is making a commitment that’s catching the buzz around the dinar community…there’s big talk … Continue reading →

RVAlready – Dinar Guru    …The RV is in the hands of the CBI. The RV should be done by a month from now…Independent of the election, etc, etc…They do not need a new government to do the RV. They need a … Continue reading →

Claire – Dinar Guru  SO IN A TELEVISED SPEECH TODAY SADR SAYS THIS:  “We will work to raise the Iraqi dinar to be in the ranks of global currencies gradually,”  Great news indeed.  Now time to put it in action…

Mountain Goat – Dinar Guru   So now the election is over.  Al-Sadr party won the majority of election seats… he supports implementing the White Paper…and Al-Kazemi will most likely be the candidate that Sadr will chose and it will be official … Continue reading →

Samson – Dinar Guru   “Al-Sadr: We will work to raise the level of the Iraqi dinar“. Quote:   “he pledged, We will work to raise the Iraqi dinar to be in the ranks of global currencies gradually,“…

Pimpy – Dinar Guru  Here’s what everybody’s talking about.  Article:  “Al-Sadr: We will work to raise the level of the Iraqi dinar”  On Monday Sadr himself said they’re going to work to improve and raise the level of the Iraqi dinar to be … Continue reading →

MilitiaMan – Dinar Guru    We know from the White Papers put out that Iraq is ready now and will be cleared through the Digital Platform “BUNA” owned by the AMF. So I expect that will be similarly true with the FOREX, we … Continue reading →

Kaperoni – Dinar Guru  retweet   “UNAMI – Today (This past weekend) hundreds of UN staff deployed in every governorate across all of Iraq.  This is currently the UN’s biggest electoral mission worldwide.  And the UN is proud to support all Iraqis … Continue reading →

Pimpy – Dinar Guru  It looks like an all fair election, transparent and clear.  No hassles.  No nothing.  From all the stories that I’ve heard including people I spoken to over there, it went without a hitch.  Which is surprising.  What … Continue reading →

MilitiaMan – Dinar Guru    Article:  “New instructions for buying and selling foreign currency for the year 2021 and the stability of the dinar exchange rate”  …we can see that there is a convergence and a preparation for an event … Continue reading →

Mountain Goat – Dinar Guru   Article:  “A SOURCE FOR “ECONOMY NEWS”: THE BONDS ARE WORTH A TRILLION DINARS AND WILL GO TO FILL THE BUDGET DEFICIT”  This article to me speaks volumes. They are going to finance the rebuilding … Continue reading →

BobTheTaxMan – Dinar Guru  Cryptocurrencies are here to stay.  There’s no way around it. It is here to stay…the internet of things…if you haven’t thought about or heard about it you’re going to learn about it because it is the basis of … Continue reading →

Mountain Goat – Dinar Guru   Let’s get on with our FACTS for this news period. It is all about the dinar exchange rate and managing it.  This news about the exchange rate has been on going for months now and it … Continue reading →

Kaperoni – Dinar Guru [Hypothetical] if Iraq is going to go to a 1 to $1 exchange rate…IF they do…it will be a LOP not an RV because there’s too much currency in circulation for Iraq to ever significantly revalue.

Pimpy – Dinar Guru  Iraq seems to be moving aggressively and forward in a very positive manner.  We know that they are getting ready for the elections…about 12 days…less than a couple weeks.  Let’s hope Al-Kazemi gets back in there and continues … Continue reading →

BobTheTaxMan – Dinar Guru  Ordinary income…I want to show where it’s important for you to understand how it’s calculated.  We have our IQD…it’s taxed on a percentage that’s based on your marital status or filing status and certain allowable deductions.  Under … Continue reading →

Wolverine – Dinar Guru  …The Iraqis are trying to post their international rate today…They are working with the IMF and the AIIB to do so. They have the whole afternoon, and then they will lock down the rates that were loaded … Continue reading →

Pimpy – Dinar Guru  They [Iraq} are taking all the right steps in the right direction.  Before they used to take two steps forward and like five steps back.  It was really disappointing to watch.  In 2019 we really thought it … Continue reading →

BobTheTaxMan – Dinar Guru  Estate [taxes] right now it’s wonderful.  If they leave the stepped up basis alone which it seems to be hinting that they are going to leave it alone then if you’re holding IQD in your estate and … Continue reading →

Desert Advisor – Dinar Guru  10% of the world’s phosphate in Iraq.  Huge amounts of it.  But it just came out a few days ago Article:  “7 billion weighted tons and 2 billion confirmed…Phosphate rocks in Western Iraq are waiting … Continue reading →

Pimpy – Dinar Guru  This is my opinion, my opinion only as they continue to rebuild they’re going to need a much stronger currency but right now I think what they’re trying to do is figure out how to just manage the … Continue reading →

BobTheTaxMan – Dinar Guru  [Exchange tax scenario] You’ve got the IQD in your hot little hand…you run to the bank or an exchange location of some kind.  You hand them the IQD, they hand you dollars… Yay hallelujah!  You’re automatically exposed … Continue reading →

BobTheTaxMan – Dinar Guru  You lose more on schedule A.  You have a higher tax bracket.  If you hit that million mark and particularly the 5 million mark in your exchange they whack the heck out of you.  And now plant your butt … Continue reading →

Pimpy – Dinar Guru   Article:  “In preparation for the upcoming Baghdad conference, the formation of a ministerial committee that includes Iraq, Jordan and France”  Looks like Iraq is going to be hosting yet again another type of conference in Baghdad.  This … Continue reading →

Desert Advisor – Dinar Guru  You probably realize Iraq is still .0006 as an exchange rate compared to the dollar and all the other countries [In the region] so…they need a strong foundation when it comes to their economy and how’s … Continue reading →