Author Archives: The Dinar Observer

Mountain Goat – Dinar Guru   [Wednesday] was my usual call to Iraq…I was told…that if this Iranian issue can be resolved quickly, as within a couple weeks, they fully intend to move ahead with currency reform very quickly. The only solid reason … Continue reading →

Sandy Ingram – Dinar Guru  Why is the IQD not globally traded?  First it’s because of capital controls.  Iraq restricts the flow of its currency across borders.  Second, there’s a lack of market confidence due to war, sanctions and  corruption.  The IQD isn’t trusted … Continue reading →

Kaperoni – Dinar Guru  Good news for Iraq! The financial system is improving and soon to be integrated internationally as well as the dinar becoming stronger (within compliance).

Clare – Dinar Guru  Article: “Sudanese advisor: Colorful noise behind the dollar’s rise”  Quote:  “Salih, explained…the rise in the US dollar exchange rate against the Iraqi dinar in the parallel market is due to what he called ‘information noise’ related to the Iran-Israel … Continue reading →

Sandy Ingram – Dinar Guru  At this point the dinar is unlikely to see meaningful appreciation unless Iraq shifts to a free floating exchange rate or undertake sweeping financial reforms…

Pimpy – Dinar Guru  Community Comment: ” ‘In country’ and ‘out of Iraq’ are two different scenarios.”  What do you mean two different scenarios?  No two different scenarios.  Once you change the exchange rate it goes worldwide.  There’s not two different scenarios period.

Sandy Ingram – Dinar Guru   Iraq is on the Forex market… but not in the same way as major global currencies like the US dollar, Euro or British pound.  The IQD is not freely convertible internationally.  You can’t walk into a … Continue reading →

Mountain Goat – Dinar Guru   So, again more…talk…about some $2 rate in the country of Iraq and rolling out the newer lower denominations. I can guarantee you that…There is NOT $2 rate in Iraq. They are still using the official CBI … Continue reading →

Pimpy – Dinar Guru  Look, there’s no saying for sure they’re going to take the zeros off.  Common sense tells you that they are but they might surprise us.  All we got to do is cross our fingers.  Let’s hope they keep the … Continue reading →

Samson – Dinar Guru  Article:   “Iraq joins the club of advanced countries in electronic payments with 22 million bank cards.“

Militia Man – Dinar Guru They’re going cash less.  That’s just the way it’s going to be.  They’re not going to need much cash.  When they revalue their currency to a different denomination and they apply a real effective exchange rate, they’re not … Continue reading →

Clare – Dinar Guru  Article: “The era of the digital republic has begun. Iraq is cashless, and the Central Bank imposes its authority as the ‘ruler of the country.’  ” Quote:  “Al-Tamimi explained that the government seeks to reduce demand for cash by … Continue reading →

Samson – Dinar Guru  Article: “The era of the digital republic has begun – Iraq is cashless, and the Central Bank imposes its authority as the ‘ruler of the country’ “

Kaperoni – Dinar Guru  Article: “The era of the digital republic has begun. Iraq is cashless, and the Central Bank imposes its authority as the ‘ruler of the country.’ “

Mountain Goat – Dinar Guru  …Didn’t the UN just tell us that “IRAQ WILL BECOME A BANKING POWERHOUSE BOTH DOMESTICALLY AND INTERNATIONALLY”.  Yes, wealth is leadership and Iraq is certainly taking the point lead under Al-Sudani in this area…

Sandy Ingram – Dinar Guru  For decades Iraq has relied almost entirely on oil sales to support its economy.  But now the government is working to create a second source of income by getting involved in the global carbon market…Iraq also … Continue reading →

Clare – Dinar Guru  Article: “The currency printed in Iraq is at its lowest level since a year.” Quote:  “Data showed Central Bank of Iraq The value of the issued currency, “printed” in Iraq Currently at its lowest level in a … Continue reading →

Pimpy – Dinar Guru  Question:  “Does Pimpy hold dinar?”  Yes, Pimpy has 5 million dinars.

Sandy Ingram – Dinar Guru   As long as there is positive movement in Iraq [we] feel obligated to keep going…

Militia Man – Dinar Guru  Iraq is under sanctions and is not actively traded globally at any significant means.  But when they are, when they do have a real effective exchange rate, there’s going to be an impact to all [their] trading … Continue reading →

Kaperoni – Dinar Guru   Article:   “Al-Atwani: Iraq’s integration into the international financial system is no longer an option, but rather a necessity to enhance confidence in the national economy.”

Pimpy – Dinar Guru   What we’re hoping they’ll do is make it where the central bank digital currency is being used for digital banking but still allow customers to come in and be able to take out physical cash.  Doesn’t sound … Continue reading →

Sandy Ingram – Dinar Guru  The implications of [the Iran] negotiations extend beyond Iran and Israel…A successful deal could lead to regional stability potentially boosting Iraq’s economy and security…Iraq’s government must…foster positive relations with both the US and Iran.  The … Continue reading →

Pimpy – Dinar Guru  We all want the same thing trust me.  You think I want to see them delete the zeros and then change the exchange rate? No, not at all!  I want them to keep the zeros on there and … Continue reading →

Sandy Ingram – Dinar Guru  Here is another reason we believe something is happening behind the curtains.  First it was Facebook representatives meeting with the Iraqi prime minister and now it’s Elon Musk’s Space X.  These mega corporation would not be … Continue reading →

Pimpy – Dinar Guru  Community comment: “Our [Iraqi bank] notes are worthless.”  I wouldn’t say worthless.  Keep in mind we don’t know what the hell Iraq is going to do.  Hold on to them.  Keep your fingers crossed that they leave the … Continue reading →

Militia Man – Dinar Guru  Article quote:  “Protect investors against certain risks such as political instability, expropriations or currency inconvertibility.”  Isn’t that interesting?  ‘Inconvertibility’.  In other words Iraq’s currency at the moment isn’t quite convertible just yet.  Is it expected to be … Continue reading →

Mountain Goat – Dinar Guru  where…are…we…with the RV saga… The choo-choo train is still moving down the tracks quickly. It may make stops along the way, such as to combat money laundering, implementing financial reforms, implementing the Development Road Project, etc, etc.  …Many of these … Continue reading →

Samson – Dinar Guru   Article:   “Among them are Meta and Google.. The Minister of Communications: International companies are interested in the Iraqi digital corridor project“

Militia Man – Dinar Guru  These guys are really gearing to integrate into the international world.  Are they going to do it at 1310?  Well if they were going to why didn’t they do that 2 years ago or back in 2018.  … Continue reading →