Author Archives: The Dinar Observer

MilitiaMan – Dinar Guru  Article quote:  “The Central Bank of Iraq had previously signed an agreement with a number of local banks and completed the technical requirements to participate in the project in coordination with the Arab Monetary Fund,”  Get ready for … Continue reading →

MilitiaMan – Dinar Guru  “Economic: Parliament cannot change oil prices and the dollar in the 2021 budget”  So they have it now set in stone. The Central Bank approved the new exchange rates and they are not to be challenged by the … Continue reading →

Militiaman – Dinar Guru  Article:  “Al-Karawi: 5 files have not been resolved yet in the budget law”  Quote:  “All expectations indicate that the next week will be decisive…”  Next Week starts tomorrow. The data…suggests they have voted on many things. Much … Continue reading →

Mountain Goat – Dinar Guru   Oh yeh, the budget has a new rate in it… It’s the new de-valued rate of 1450…Okay having said this they can still delete the zero making the rate $1.45 dinar to $1.00 dollar (inside Iraq). … Continue reading →

Kaperoni –  Floating would harm the economy right now…without exports and a private sector, the dinar would devalue. Until they pass laws, create a private sector and invite foreign investment and diversify Iraq will continue to struggle. Only Iraq can change … Continue reading →

Dinar Investor – Jeff   Article:   “Parliamentary Finance meets with official from the World Bank”  In the past they’ve never really had the World Bank and the IMF involved with budgets.   The reason they have the World Bank involved with … Continue reading →

MilitiaMan – Dinar Guru  Article:  “Sairoun: Raising Or Lowering The Exchange Rate Of The Currency Is The Exclusive Authority Of The Government”    The reducing the price of the local currency is not going to happen again. 1182 Didn’t work 1190 didn’t work … Continue reading →

Kaperoni – Dinar Guru   …there is no intent to redenominate the dinar…First it would take parliament approval, and second their would be no reason to encourage exchange and settlement among middle east countries (Buna) and eventually the world if they … Continue reading →

Dinar Investor – Jeff   Article quote:  “the idea of raising the price of the dollar is an international policy shared by the Ministry of Finance, the Ministry of Planning and the Iraqi government, especially the International Monetary Fund.” …since they … Continue reading →

MilitiaMan – Dinar Guru  Article:  “Advisor to the Prime Minister: Creating new electronic payment cards that will enhance the advancement of services provided to citizens”   DIGITAL MONEY!!! I seriously like to hear this. They told us about this… It is and … Continue reading →

MilititMan – Dinar Guru  Article:  “Al-Yasiri: The Central Bank’s initiatives have contributed to employing the unemployed and moving stalled projects”  Quote:  “the aim of changing the exchange rates is to support the Iraqi product in competition with imported products…He explained that … Continue reading →

BGG –   …for the first time, maybe ever – they are actually using language that implies some tie of “raising the exchange rate” to the new budget?!? BGG ~ Kinda’ odd how this was edited to look a certain way. Here’s … Continue reading →

MilitiaMan – Dinar Guru   Article:  “Parliamentary Finance expects: Approval of the 2021 budget within the next two days”  I cannot imagine, them not passing this week for a vote. They know there is to much at stake now. There is apparently … Continue reading →

Adam Montana – Dinar Guru     [Iraq is trying to defer payment of debt to Kuwait because of their current financial crisis.  What does this signify in regards to an RV?  If the deferment is granted, does this affect the … Continue reading →

Kaperoni – Dinar Guru  If we are to get excited about anything in Iraq of late read up on the Buna payment system. This will create demand and facilitate exchange in Middle East currencies. The end result could be growth of the … Continue reading →

Adam Montana – Dinar Guru   [I truly believe the “HCL” will be done simultaneously with the Budget 2021 or immediately afterwards…Your thoughts?]  I’m mostly in agreement there! It certainly could be done simultaneously with the Budget, but that doesn’t mean it has … Continue reading →

RVAlready – Dinar Guru  Time to finish the RV. I’m sure the rate has been set by now. Just waiting for CBI to announce. Ready for the number!!!

Kaperoni – Dinar Guru  The Buna payment system which is part of the Arab Monetary Fund announced a few months ago that the Iraqi dinar would be joining the program. Today, they announced a relationship with JP Morgan Bank for settlements in … Continue reading →

Petra – Dinar Guru  Article:  “Finally, the 2021 budget is ready for approval in Parliament”   Quote:  “the Parliamentary Finance Committee will, next week, distribute copies of the revised draft of the Maronite law to the heads of political blocs 24 hours … Continue reading →

Dinar Investor – Jeff   Article: “Shocking parliamentary warning: The dollar may rise to 500 thousand dinar”  …this is not even from the Central Bank…this article is pure trash…Anytime financial information is put out in the news if it’s not from … Continue reading →

Adam Montana – Dinar Guru   [Do you think Iraq will go to a digital currency?  And Do you feel it will happen at the same time, before or after the rv?]  Eventually, yes. After.  The timing for an RV is good … Continue reading →

Dinar Investor – Jeff   They’ll have the budget done by mid-February.  That’s all that matters.  The exact timing of this has nothing to do with the rate change.  Even if they complete the budget in a week or two it has … Continue reading →

Adam Montana – Dinar Guru   [Will the cancelling of the Keystone XL increase demand for IRAQI oil and thereby the PPB?  Could this be a Precursor to an RV?]   That’s a great observation, and I think it’s 100% in Iraq’s favor! … Continue reading →

MilitiaMan – Dinar Guru   Article:  “International Monetary Receives an “emergency request” from Iraq”  Yep… They are not going to do that for a program rate… More to the story and the story is economic success, hence, the support from the IMF… There is … Continue reading →

Mountain Goat – Dinar Guru   …If the reinstatement was going to happen, we would have seen an education period followed by the project to delete the zeros in December followed by the reinstatement in January. This is the process and … Continue reading →

Pimpy – Dinar Guru  Article: “Another Arab county joins the club of normalization with Israel”  This is very very dangerous for Iran…it’s gonna make it very hard for Iran to bully these people around…This is a continuation of what Trump started…this … Continue reading →

Adam Montana – Dinar Guru      [How’s the impact of the latest suicide bombing and the affect of biden if any?]  Although both are tragic and unfortunate, I see no impact from either of those.

MilitiaMan – Dinar Guru    Article:  “Al-Halbousi and the Emir of Kuwait discuss activating the joint governmental and parliamentary committees between the two countries”   This is about tens of billions of dollars for re construction. Clearing and Settling payments goes hand and hand … Continue reading →

Adam Montana – Dinar Guru   Article:  “Representative Energy: We have dealt with the oil and gas law disputes and will vote on it soon”   HCL is such a key component right now. In fact, 98% of this RV hinges on … Continue reading →

MilitiaMan – Dinar Guru  Article:  “The International Development Bank announces its joining the “Bani” platform”   Quote: “work is underway to introduce the Iraqi dinar currency on this platform soon to encourage the use of Arab currencies in financial and investment transactions … Continue reading →