Author Archives: The Dinar Observer

Don961 – Dinar Guru   Article:  “Agenda of the session No. (10) Monday, 15 April 2019”   Quote: “First:  Vote on the draft law amending the law of the recovery of Iraq’s money No. (9) for 2012…   Second: Vote on the draft law … Continue reading →

MilitiaMan – Dinar Guru   Article:  “Mohammed al-Halbusi to (Tigris): Washington is waiting for Iraq to rely on itself on the economic side”   …we see that the USA is calling for Iraq to rely on herself. Well to do that they’ll need … Continue reading →

Kaperoni – Dinar Guru  …If and when the dinar begins to rise it will be gradual via a float to counter pressure…created from investment

Mountain Goat – Dinar Guru  Article:  “FINANCIAL INCLUSION WEEK WILL BE LAUNCHED 25TH OF THIS APRIL”  Quote:  “stimulating ENVIRONMENT FOR WITHDRAWING THE ACCUMULATED CASH MASS THROUGH THE PROVISION of various financial services”.   The CBI needs to get these dinar notes from out … Continue reading →

Mountain Goat – Dinar Guru   2)  Also we know that a FREE MARKET economy will force Iraq to deal with international trade and so how cumbersome will this conversion of dinars to dollars $$$ be in draining the CBI reserves by these currency … Continue reading →

Mountain Goat – Dinar Guru   …The news now from Iraq is all about two issues now:  1)  paying out the salaries and pensions and catching up on owed bills; 2)  getting investors to take hold in Iraq and the switch over from … Continue reading →

Larrykn – Dinar Guru   Article:  “The meeting is the first Iraqi Gulf for over 30 years.”   Quote: “…the first meeting between Iraq and the Secretariat of the GCC, in more than 30 years, leading to the signing of memorandums to … Continue reading →

G-Lin – Dinar Guru   Article:  “Iraqi-Gulf meeting is the first in more than 30 years”   Quote:  ” …the fruit of the first high-level meeting between Iraq and the GCC Secretariat for more than 30 years. For the launch of an … Continue reading →

Larrykn – Dinar Guru   …I think most countries are pegged to the US dollar, so…saying they are against the us dollar means they are competing against the US dollar…I think that is right.  …the currency is adjusted to the GDP of … Continue reading →

MilitiaMan – Dinar Guru   Article:  “Demands to create an economy based on international foundations”   Going to a free market economy is exactly what we have been waiting for…The amount of jobs that will be created will be huge…we just were told … Continue reading →

Breitling – Dinar Guru    Things change…My confidence in the Iraqi dinar has never changed.  So they have to change the tactic on what they need to do to maintain a certain economy. They are adapting to whatever the market is … Continue reading →

Breitling – Dinar Guru   …The Iraqi dinar is going to revalue.  The west set it up to revalue.  Their banking system is set up for a higher rate to be able to participate in the world markets.  Everybody knows this…It’s going to revalue.  Do … Continue reading →

Breitling – Dinar Guru   …The GCC countries…are going to want to be a part of that…there are two things that have to happen.  Iraq has to revalue its currency to participate so they have the money to invest…If you’re getting less … Continue reading →

Breitling – Dinar Guru    I noticed a big huge trend.  A little bit of fear.  And there is no reason for it…[My] statement…“I don’t think the dinar is going to get to $3.25.”  That is just my opinion…Where does that … Continue reading →

Adam Montana – Dinar Guru   […do you see the passing of the 2019 budget with the old rate in it as significant? Do you think we will now need to wait until 2020 to see an increase in the rate?…]   No … Continue reading →

Delta – Dinar Guru   Article:  “IRAQ IS CLOSING IN ON A MAJOR ECONOMIC BREAKTHROUGH”   I LOVE IT….ALL OVER THE NEWS IN IRAQ…   MORE GOOD NEWS…”free-trade zone will be established between Saudi Arabia and Iraq“

Adam Montana – Dinar Guru When people see something rising in value, they predictably want to catch that wave…  People see other people making profits and want to join in, and again the herd mentality can push a stock or a currency … Continue reading →

Adam Montana – Dinar Guru  Iraq’s currency price is based on their ability to sell it to other countries, just like any other country with a tradable currency. Their ability to sell their currency is determined by what other countries will … Continue reading →

Adam Montana – Dinar Guru   If you’ve kept up with my recent posts, you know I’m excited about oil…We finished the week still above $60 on the WTI charts… and still going strong.   BIG PICTURE TIME.  There are a lot … Continue reading →

G-Lin – Dinar Guru  …I’m not sure exactly why they are bringing it back. Will they add amendments? Will any additional amendments address a rate? Everything is guess work at this stage and I’m sure that’s deliberate.   They also changed the date … Continue reading →

G-Lin – Dinar Guru   The Financial Management Law {FML} was voted on in Parl. already on Jan.13th 2019. It is very long and detailed and was posted on the Parl. site. It tells us at the bottom of this posting that it … Continue reading →

Larrykn – Dinar Guru   Articles:  “Trade show kicks off to members of the Organization of Islamic cooperation with Baghdad.“;  “Iraq: we hope to double bilateral trade between Islamic countries for more than 481 billion”   I like that they are getting all … Continue reading →

Sandyf – Dinar Guru   […in all the yrs! The rate has never been in the budget.]  You are quite right, there is no rate in a budget.  Iraq, like many other countries and businesses, must publish their accounts and budgets in … Continue reading →

Larrykn – Dinar Guru  I don’t think Kap is that far off to be honest, I can see this coming out as a float, I’m just not sure it will start where it is at now.

Kaperoni – Dinar Guru   …The dinar can never revalue.  It can only gradually appreciate via a float once the CBI moves off the peg.…I have proven that they’re going to float the currency and I have been accurate for the past 8 … Continue reading →

Larrykn – Dinar Guru    …they can change the rate at anytime even if the budget came out  …of course it came out at 1190, thats the rate today, all will change when they are ready to revalue. …they are working on getting things going, the … Continue reading →

Mountain Goat – Dinar Guru  “Breaking news… The 2019 Budget is now opened”  Well, well, well…it looks like Iraq has finally opened their 2019 budget and paid out at the 1180 rate according to this article. So we all know … Continue reading →

G-Lin – Dinar Guru   Article:  “Parliamentary Finance intends to develop mechanisms to maintain the stability of the dinar exchange rate”  Quote:  “the financial Parliament is keen to enact the law of financial administration as it gives a complete road map … Continue reading →

Mountain Goat – Dinar Guru   Article:  “IRAQI CURRENCY PASSED THROUGH SEVERAL STAGES”  Again more education going on…They are telling the citizens again not to buy or try to use the old Saddam Hussein notes prior to 2003. No smaller categories yet but the … Continue reading →

Adam Montana – Dinar Guru   …the benchmark price I chose is WTI  [West Texas Intermediate], which is not necessarily “Iraqi Oil”…WTI is a commonly used price that can be used to reasonably gauge activity across various markets. Since actual daily … Continue reading →