Author Archives: The Dinar Observer

Dinar Investor – Jeff  …Historically they [Iraq] had a 3+ value…notice how they keep telling you they’re trying to come out with lower denoms and then back in August and September they put out all those articles telling you coins…so yes … Continue reading →

Adam Montana – Dinar Guru  Whether they barter directly for oil or not is kind of irrelevant. China probably doesn’t give a hoot either way, because they know exactly what we know – Iraq is rich with oil, Iraq will not … Continue reading →

Adam Montana – Dinar Guru   …OIL – currently WTI at $52.  Stable enough, no worries there.  Iraq and China was a big story last week, and it still is…There was some discussion on the topic of how Iraq will pay China. … Continue reading →

Mountain Goat – Dinar Guru    Right now the rate is still being suppressed at the program rate. The program rate was supposed to be a temporary de-facto peg to the US dollar to help they through a time of high inflation … Continue reading →

Mountain Goat – Dinar Guru  Just remember the banks do not make the decision for anything. They simple want the new rate to show up on FOREX and when it does they can use it “legally” to exchange customers who … Continue reading →

Kaperoni – Dinar Guru    Iraq’s Parliament announced today the 2020 budget will be submitted around middle of October for review/voting. So we’ll get a good indication what they finally concluded the deficit will be.   Expectations are as high as $70 billion as they attempt … Continue reading →

Breitling – Dinar Guru   Question:  I got another email from [broker name redacted] they’re currency buy back policy best rate in town …Do you think this is a good sign for us?]   Absolutely.  Why would [Broker Name] send out emails trying to buy … Continue reading →

Kaperoni – Dinar Guru   I want to point out to critical events between now and the end of the year. One is the vote through Parliament on Special Grades, the other being the 2020 budget which the supposed to include … Continue reading →

Kaperoni – Dinar Guru  The Iraq government is striving to create a market economy with private investment. Doing so would bring substantial money into the country. This would create inflationary pressure on the financial system, the solution is to float the currency … Continue reading →

Dinar Investor – Jeff   [Article:  A surprising new forecast for the 2020 budget deficit]  …goes into detail about the 2020 budget…I’m done looking at the year of 19 and I’ve already advanced into the year of 2020…they’re telling you that the 2020 … Continue reading →

Mountain Goat – Dinar Guru  …I have stated in the past that maybe in September the CBI might issue the new smaller categories if they were to follow the 2012 planned schedule. So it appears to us now they are not strictly following … Continue reading →

Mountain Goat – Dinar Guru   …Well, well here we are done with September and it’s October already…Yes, the weeks and months are clicking away…  They…bash me for justifying this might just go all the way until early January 2020.   …SO, WHERE … Continue reading →

Dinar Investor – Jeff   …looks like the Nasdaq/ISX news was nothing more than a software upgrade…I strongly put an emphasis for you over the weekend that the whole software thing between NASDAQ and ISX was nothing more than a software upgrade … Continue reading →

Kaperoni – Dinar Guru   …Frank thinks something has to happen by tomorrow Oct 1st because the new FOREX/ISX agreement goes into effect.  Wrong!  …It’s a renewal and software agreement. Nothing more.

Kaperoni – Dinar Guru    The Arab Monetaty Fund is now including Iraq’s stock exchange among the 17 financial markets registered within the AMF.  Good news and a clear step in the right direction.

BobTheTaxMan  …we know the CBI has set it up so they are not selling dinar outside the country at this point and time.  All of these dealers…are buying dinar internally inside the United States and then reselling it.  That’s all they have.  … Continue reading →

Dinar Investor – Jeff    …Iraq itself is not in charge of the timing of the rate change.  External powers are…this is not the first time that they’ve marched and protested from being unhappy because the government is not fulfilling their promise … Continue reading →

Larrykn – Dinar Guru   I was just reading the imf article iv. that Kap [Kaperoni] is always talking about, I see a lot of things in there that need to get done and what they want to do…one is … Continue reading →

BobTheTaxMan – Dinar Guru  [Question:  Do you think we will need receipts to claim what we have to cash in?]  Absolutely not…now, if you were playing the capital gains game, yeah that would matter.  But it’s not.  But we know and … Continue reading →

Kaperoni – Dinar Guru    There’s only two options on the table. Parliament has talked about doing a LOP which is a neutral event and you make no money.  But if it goes up after the lop you might double your investment.  Or the … Continue reading →

Breitling – Dinar Guru  …the best numbers I can come up with and I’ve said this before, you’re talking .51, .52, .53 cents. That makes sense because when you look at the gas [oil?] prices and you look at their budget that … Continue reading →

Adam Montana – Dinar Guru   Iraq is meeting with China this week, and China may be stepping in to develop some infrastructure in Iraq…Seriously – China building roads or other essential things in Iraq…it’s just the tip of the iceberg. It’s … Continue reading →

Dinar Investor – Jeff…Iraq just shifted gears on you…they have to have a permanent completed formed government without proxy positions…the Education Minister has to be voted in and then as of this morning the news is telling you that “temporary” … Continue reading →

Sandyf – Dinar Guru    “Five Trillion Dinars in Circulation Now, Tlar Saleh”   People really need to understand the difference between currency in circulation and currency circulated. The CBI accounts show an amount in respect of their liability for currency in circulation … Continue reading →

Adam Montana – Dinar Guru   [Will the Dinar come out around .01 cent to.10 cents to the USD, then float from there?]  I think I’ve heard people suggest 10 cents to the dollar…I’ll dig around and see if I can find … Continue reading →

Mountain Goat – Dinar Guru   Article:  “MOHAMMED SALEH: THE DEFICITS IN THE BUDGET HYPOTHETICAL, AND THAT THE FINANCIAL SITUATION OF IRAQ IS REASSURING AND DOES NOT THREATEN FINANCIAL SUSTAINABILITY”   Quote:  “the reserve of the central bank along with the reserve of … Continue reading →

Mountain Goat – Dinar Guru   …I am reassuring everyone now that the step following this one is to reinstate the IQD and NOT to move the program rate to the exchanges such as FOREX but rather to re-peg the IQD to … Continue reading →

Mountain Goat – Dinar Guru   …I have said over and over again that the next step is to issue the smaller of the small category notes and coins (250, 500 and 1000 already issued) and then to change the program rate … Continue reading →

Kaperoni – Dinar Guru   Quote:  …”staff encouraged the authorities to consider creating the conditions which would make possible a move to a more flexible exchange rate policy. Such flexibility could allow a predictable and gradual appreciation of the nominal exchange rate, … Continue reading →

Kaperoni – Dinar Guru  If they launch the market economy as they have been aggressively trying to move towards and have presented it to be included in the budget of 2020, then I see no reason for a LOP…at that … Continue reading →