Author Archives: The Dinar Observer

Kaperoni – Dinar Guru    Floating the currency is not a requirement but with the influx of capital expected through Iraq’s banking system it will create inflationary pressure.  If they don’t float inflation will start to rise throughout Iraq.  Floating the currency is a tool … Continue reading →

MilitiaMan – Dinar Guru    This reform is not just about us, it is about effecting the lives of not only millions of people but, billions of people! imo.  Everyone knows Iraq is ready now. It is imo go time now. The … Continue reading →

MilitiaMan – Dinar Guru  Article:  “The International Monetary Fund sets out 3 structural measures to reform Iraq’s finances, including wages and electricity”   …they are not only involved now during the process but have been very active in the implementation phase we … Continue reading →

Mountain Goat – Dinar Guru   …this is still a MAJOR concern since Sadr gave Mahdi until June 1st to form the government. The question is does he have enough support to hold a “no confidence” vote and change out the PM?  There … Continue reading →

Larrykn – Dinar Guru   Article:  “In response to a request by the Anti-Corruption Council .. Baghdad today announced its readiness to provide documents reveal a major smuggling of money through the sale of currency auction”  they really need to get rid of … Continue reading →

DELTA – Dinar Guru  Article:  “The Minister of Oil: Very soon we sign the project of southern Iraq integrated”   Quote:  “Oil Minister Thamer Ghadhban said on Wednesday he expected his ministry to sign a preliminary agreement with ExxonMobil and PetroChina … Continue reading →

Mountain Goat – Dinar Guru   This means the need to reinstate it and put it on the planned “free float” just like all other currencies on the open trading platform. The IMF wants the investors to drive the rate and keep it … Continue reading →

Mountain Goat – Dinar Guru   There is talk that the PM Mahdi has said he will reinstate the dinar by June 1st.   I have absolutely no evidence that he has said this. Yes, indirectly he has made reference to the economy getting … Continue reading →

Larrykn – Dinar Guru   [i thought Mahdi has had pressure put on him before june]  I’m not sure about June but it will happen…they have a lot to do and I just don’t see June is having enough time to get … Continue reading →

Mountain Goat – Dinar Guru   Article quote: “… the UNIFICATION OF THE DOLLAR EXCHANGE RATE IS THE ONLY SOLUTION TO ELIMINATE THE AUCTION CURRENCY.”   Okay so you hear this from a minister in parliament telling us that part of the solution to … Continue reading →

Mountain Goat – Dinar Guru  Personally, I think it’s going to be a long wait till January 2020  …All the signs are showing us this is now going to be the case. Certainly things could always change on a dime but right now … Continue reading →

Larrykn – Dinar Guru   Article:  “The Central Bank betray Iraq daily through the auction of corrupt currency”   this is why they need to revalue and get off the Auctions… (it’s) too easy for corruption.  [Maybe this will push them to … Continue reading →

Mountain Goat – Dinar Guru   Next parliamentary session is scheduled for [today], Saturday. No announcements that they will vote on the remaining ministers.

Mountain Goat – Dinar Guru   …The banks DO NOT control the RV. The US Treasury DO NOT control the RV.  The initiation must come from the CBI. An indication to us that they have done so will come from the “project to … Continue reading →

Mountain Goat – Dinar Guru   …there is NO sound or reasonable evidence that the Iraqi dinar will or can RV anytime soon. …the window of opportunity quickly closed at the end of March 2019 as it did in 2018. This happened … Continue reading →

ChrisC – Dinar Guru    “Alak is not bringing a program rate to the head of the class at the AMF [Arab Monetary Fund]…”  Of all the signs, or pieces of evidence, this is the most clear and pertinent to … Continue reading →

MilitiaMan – Dinar Guru   6) IMF at least twice has addressed their exchange rate to be in line with international standards.imo  7) IMF talking about changing the currency auctions or effectively ceasing them as we know them.  8) Article from the CBI … Continue reading →

MilitiaMan – Dinar Guru  3) An article from the Basra Branch of the CBI, told us that they were to facilitate exchange trade with all groups of currency. The spoke of lower denominations and small category notes, and all groups!! …IRAQ TRADE … Continue reading →

MilitiaMan – Dinar Guru   Laundry list of thoughts of mine why we are going to the Bank so very soon, imo!  1) The Parliamentary Finance Committee is moving in the current legislative session to develop mechanisms to change the monetary policies … Continue reading →

Larrykn – Dinar Guru  [Most of Iraq’s revenue is petrodollars]  …they have been paying in petro dollars all this time, they will continue to do that until they change their currency, I don’t see that happening for a while. They have a … Continue reading →

Adam Montana – Dinar Guru   Article: “Barzani meets with Mahdi re: HCL”  Things happen slowly in Iraq. We know this.  It was about 3 months ago when I posted that original link…the articles are starting to focus on the higher … Continue reading →

Adam Montana – Dinar Guru   It seems we are in an interesting situation right now. I’ve been watching the news shift directions slightly…not in an opposing way, just a shift.  In the past, we’ve had some key things happen around mid-year. … Continue reading →

Larrykn – Dinar Guru   Article:  “Saairun cedes security adviser seeking central bank head post”  [Is it possible that tman23 is correct about the replacement of the CBI governor?]  He might be…this article is saying they are replacing the governor…who they … Continue reading →

Chattels – Dinar Guru  Article quotes:  “Parliament ends reading three laws…”;  “…it was decided to adjourn the meeting until Tuesday, 30/4/201”   [what happened with the voting on the ministers…?]   …I am unaware that a vote has been scheduled.   My read and take … Continue reading →

In anticipation of economic sanctions affecting … Russia is looking to use local currencies with Iraq instead of the dollar Iraq and Russia are seeking to use national currencies in commercial transactions instead of the US dollar. “The use of … Continue reading →

Chattels – Dinar Guru   [Is this ever gonna happen]   I cannot think of much reason that it would happen this year.  Other than to think that it may happen when one would least expect it. BGG ~ Such a cheery bunch … Continue reading →

Mountain Goat – Dinar Guru   Article:  “TO ENACT THE LAW OF FINANCIAL ADMINISTRATION”   Quote:  “…the Committee is keen to enact the law of financial administration as it gives a complete road map of the financial policy in the country in terms … Continue reading →

Mountain Goat – Dinar Guru   …there is NO sound or reasonable evidence that the Iraqi dinar will or can RV anytime soon…the window of opportunity quickly closed at the end of March 2019 when the government had the CBI send out … Continue reading →

Mountain Goat – Dinar Guru   CLARIFICATION OF THE STALLING TO FORM THE LAST OF THE CABINET …the only reason is that these coalitions realize how important these positions are and want their own person in the positions. That is all … Continue reading →

Larrykn – Dinar Guru    Articles:  “Memorandum of understanding between the Union of Iraqi contractors and Turkish counterpart“;  “Ministry of construction signed a contract setting up desalination project schemes in Basra with an Austrian company.”  Lots of good deals are being … Continue reading →