Author Archives: The Dinar Observer

Larrykn – Dinar Guru   Iraq has never said they were going to do the RV next year, they never said anything about the RV. Its just what needs to take place for them to do it is the question, which IMO … Continue reading →

Breitling – Dinar Guru   …When I first got into this investment from the reports I got…I thought it was going to revalue at 12 cents.  That was the highest it was going to go.  This was in the very very … Continue reading →

Adam Montana – Dinar Guru   Even though Iraq isn’t technically “present”,  it’s not difficult to understand that anytime oil, money, gold or gifts leave Iraq – they are touched by one or more of those major players listed above. For … Continue reading →

Adam Montana – Dinar Guru   …This time of year has historically been big for Iraq. Monumental items like Chapter 7 unfolded in late June, and there’s another important event right around the corner:  The G20 Summit.  Quote:  “The Group of Twenty (G20) is … Continue reading →

Breitling – Dinar Guru  …Iran and currency and Iraq being a backdoor advantage…is specifically because of the U.S. dollar.  So if Iran is cut off from the US dollar market wise they could probably funnel some US dollars or use U.S. dollars … Continue reading →

Breitling – Dinar Guru   [Question: “Would the revaluation be held up knowing that Iran has Iraqi dinar with sanctions against Iran the US might influence or convince Iraq to hold up until the Iranians come to terms.  Why allow dinars to … Continue reading →

Larrykn – Dinar Guru   …the cbi and the government are to different entity but they do work with each other, my thinking of them moving forward was that until today they had not seated their government and unless they did so … Continue reading →

Sandyf – Dinar Guru    …the CBI and the Government are completely different entities from one another. The CBI is the one who is responsible for the currency and can change the rate not the Iraqi Government. A central bank is only … Continue reading →

David M. Witty – Dinar Guru    Iraqi Parliament votes for Defense & Interior Ministers’ nominations.  Iraqi Parliament disapproves nominee for Education Minister.   Iraqi Defense, Interior & Justice Ministers take constitutional oaths. 

G-Lin – Dinar Guru   Article:  “The House of Representatives votes on the ministers of defense, interior and justice and ends reading two laws”   Quote:  “…Mr. Najah al-Shammari, Yasin al-Yasiri and Farouk Shwani were sworn in as ministers of defense, interior … Continue reading →

Iraq appoints new defense, interior, justice ministers Baghdad (IraqiNews.com) – The Iraqi parliament approved on Monday three more ministers in Prime Minister Adel Abdul Mahdi’s cabinet following several months of political disputes. During a parliamentary session, the lawmakers approved Najah … Continue reading →

MilitiaMan – Dinar Guru   Alak is clearly talking imo about currency carry trade. He needed to do the calculations to get to  a rate that will be stable and steady with a strong interest rate, thus, traders can carry the currency … Continue reading →

MilitiaMan – Dinar Guru   Article:  “Interbank Market The Central Bank launched the electronic platform for trading between banks operating in Iraq (FX, Money Market)”  Quote:  “A platform that establishes an organized electronic financial market that opens and facilitates the way … Continue reading →

Adam Montana – Dinar Guru   [I came to the conclusion that the tax code is just not clear about this RV situation.  …That’s why some CPAs believe it will be Cap Gains, and others are just as sure it’s Ordinary … Continue reading →

MilitiaMan – Dinar Guru   Article:  “Central Bank Governor: We are proud of Samir Al Nusairi’s book and thank the Association of Banks for its support”   Effectively it looks as though Alak has set the stage to create, if not already implemented the … Continue reading →

Mountain Goat – Dinar Guru   Article quote:  “…ENTER INTO LEGAL PROBLEMS BECAUSE OF THE BUDGET LAW WHICH THE GOVERNMENT COMMITTED TO COMPLETE AT THE END OF THE 30TH OF THIS MONTH…] More delays have rippling effects downstream. Delays in getting the … Continue reading →

MilitiaMan – Dinar Guru  Article:  “The Iraqi Trade Bank signs an agreement with the Indian Information Solutions Company”   So they…tell us the Iraq Trade Bank has cut a deal with an Indian Solutions Compnay to provide financial Technology Services to meet … Continue reading →

David M. Witty – Dinar Guru    Iraqi MP says plans to discuss completing PM’s cabinet in today’s meeting of Parliament have been postponed since the government has not sent the list of nominees.

G-Lin – Dinar Guru    No completion of the cabinet…I’m not surprised. The entire area is too unstable.

MilitiaMan – Dinar Guru    Article quote:  “The main thing that is achieved is the stability of the exchange rate and the reduction of the gap between the official price of the US dollar and the parallel price, which is a … Continue reading →

Adam Montana – Dinar Guru    BUT, did something major happen? YES. That’s where we seem to be right now.  This is the time of year that many major milestones have been reached in Iraq.   NOW is the time I’m expecting to see something … Continue reading →

Adam Montana – Dinar Guru    If you were around the Dinar world before Chapter 7 was lifted, an event that was arguably one of the most important events related to Iraq in recent history, you’ll remember that things got VERY … Continue reading →

Mountain Goat – Dinar Guru   The new coins have not yet been allowed into circulation but we know there are to be new coins and they are stamped and waiting at the banks for use them, but not yet.  We should expect … Continue reading →

Mountain Goat – Dinar Guru   Article:  “DANNAIR PUBLISHES THE FEATURES OF THE NEW IRAQI CURRENCY AFTER THE DELETION OF ZEROS”   So the new smaller notes of 5, 10 and 25 are replacing the 3 zero notes of 5,000, 10,000 and … Continue reading →

Mountain Goat – Dinar Guru   7. And….of course there is much more at stake now with getting an honest non-Iranian selected for the Interior and Security ministers.   8. They already moved the dates from 2018-2022 to 2019-2023 for the term … Continue reading →

Mountain Goat – Dinar Guru   4. Just recently parliament passed the “Financial Management Law” which is the support by the GOI that is needed for the project to be successful… 5. Sadr is putting great pressure on getting the remaining ministers out of … Continue reading →

Mountain Goat – Dinar Guru    Are they now prepared to pull the final trigger and bring this project to a conclusion?  1. They just told us again the CBI was successful in the reduction of cash on the streets. They just told us they … Continue reading →

Adam Montana – Dinar Guru   [Recent CBI articles suggest a RV at $.87 cents. Could this be a sucker rate with huge increases to follow?]   “Sucker rate” is a bit of a mean spirited phrase, but there is certainly merit to … Continue reading →

Delta – Dinar Guru   URGENT FROM IRAQI TV:  “ANTI CORRUPTION HOSTS CBI GOV AND TAKES ACTION ON THE CURRENCY AUCTION…”  IT’S ALL OVER THE NEWS …THEY GOT SLAP BY SISTANI… SHOW US THE RATE…NOW…

Chattels – Dinar Guru  Article quote:  “stabilized at the exchange rate of the US dollar against the Iraqi dinar. The market price in the Kifah Stock Exchange in Baghdad was 1201 dinars per dollar, ie 120 thousand and 100 dinars per … Continue reading →