Author Archives: The Dinar Observer

MarkZ – Dinar Guru I am still hearing there will be no taxes on Dinar and dong exchanges…There is a tax treaty involved with this.  …Waiting for news out of Iraq…hopefully we will hear by tonight. Expecting to see news from [Guru] … Continue reading →

Mountain Goat – Dinar Guru   Article…December 10, 2014:  “RAFIDAIN BANK IN DHI QAR CONFIRMS THAT THE INTRODUCTION OF ATM DEPENDS ON THE CURRENCY”   Quote:  “…the introduction of ATM in the markets and banks ARE SUBJECT TO THE IMPLEMENTATION OF THE … Continue reading →

Delta – Dinar Guru   Article:  “Customs: The implementation of the agreement signed with Kurdistan as of tomorrow 15-02-2019”   ADDING TAXES MEANS PRICES HAVE TO INCREASE AT LEAST BY 10 -30%…THAT WILL CAUSE INFLATION IN PRICES INSIDE IRAQ AND DEMONSTRATION  FROM … Continue reading →

Mountain Goat – Dinar Guru   …old article from 2014… Article:  “DELETION OF ZEROS IN 2014 NOW EARLY 2015…PROJECT IS READY AND IMPLEMENTATION OF A DEFERRED PROJECT”  It is now already 2019 and so four years plus passed already. Where is the … Continue reading →

Adam Montana – Dinar Guru    I’m actually very pleased to see the steady growth of oil, rather than a sudden spike. This “controlled growth” is exactly what I would want if I were Captain of the CBI, because it shows stability in … Continue reading →

Adam Montana – Dinar Guru  The RV train is still chugging along, with nothing but positive steam powering these updates…suffice it to say that we’re in a pretty spot! NOTHING has detracted from the good news on HCL.  WE STILL have … Continue reading →

Mountain Goat – Dinar Guru   …Remember as I said many times we will see a rate change within Iraq as close to 1000 dinars or lower per USD first, then the CBI must launch the smaller notes or the economy will … Continue reading →

Mountain Goat – Dinar Guru   Article:  “CURRENCY STRUCTURE: CENTRAL BANK PREPARES TO DELETE 3 ZEROS OF IRAQI CURRENCY” …this article …is only from Nov of last year…not too long ago. Okay so here is the beginning of the re-education process … Continue reading →

MilitiaMan – Dinar Guru   …articles are out about CONTRACTS…They have to be adjusted accordingly…Let the CONTRACT’s adjusting to a new rate sink in… The Pres signed the 2019 budget on the 4th… Note the articles about Contracts use the word … Continue reading →

Kaperoni – Dinar Guru  …There no RV.  Once the GOI is formed (Still missing 4 cabinet members),  parliament returns, begins passing laws we may see the CBI move to a float.

Mountain Goat – Dinar Guru   Article:  “DANNAIR PUBLISHES THE FEATURES OF THE NEW IRAQI CURRENCY AFTER THE DELETION OF ZEROS”    …article from 2012. We know without doubt that the CBI under Dr Shabibi planned to RV in Jan 2013 and thus … Continue reading →

MilitiaMan – Dinar Guru   Article:  “The Association of Iraqi Private Banks Organizes a Workshop «Automated Taxation on Direct Deduction Tax”   Electronic and automatic taxation.. New and improved…I am if the view they mean business and the Iraq Private Banks are … Continue reading →

Adam Montana – Dinar Guru   Article:  “Barzani meets with Mahdi re: HCL (?)”  For those of you that don’t know, the HCL is possibly/probably the last thing we need to see for an RV.  Quote:  “the agreement will be signed between … Continue reading →

Sandyf – Dinar Guru   cbi has stated many times “restore and or increase purchasing power of the dinar”  Many seem to think that statement means “restore and or increase purchasing power of the IQD”, but it is not the case. Zambia increased … Continue reading →

Mountain Goat – Dinar Guru   Article:  “KUWAITI NEWSPAPER: IRAQ PAID KUWAIT $ 300 MILLION”  Quotes:  “Iraq finally paid Kuwait $300 million in payment of a series of compensation owed by Baghdad to Kuwait for the losses and damage suffered by individuals, … Continue reading →

Kaperoni – Dinar Guru   …the CBI banking conference (which was scheduled for last fall) and rescheduled for Feb 10/11 has in fact been postponed again to “summer 2019”.  Some have asked my opinion on this banking event and all I can … Continue reading →

MilitiaMan – Dinar Guru   […The investment conference, which is/was to begin tomorrow (2/10), has now been pushed back to this summer…??]   Yes it appears as such and in my opinion, it was due to that they haven’t shown the rate yet. I … Continue reading →

ChrisC – Dinar Guru   …I think WS thought this was going to happen last year because it was supposed to and Trump planned for it to.  However, as WS found out with Maliki, Iran swings a big stick in Iraq … Continue reading →

MilitiaMan – Dinar Guru   Article: “Iraq, New Iranian Central Bank / “New currency” map is on its way?“  As Frank is saying INTERNATIONALISM is the theme… Converting Dinar into other currencies like the Euro, Ryial, etc.. The AMF is having a meeting … Continue reading →

Mountain Goat – Dinar Guru    4. Abdul Jalil is asking – Why did we do all this international banking reforms and comprehensive electronic banking reforms, if we are not going to raise the zeros from the currency? He alludes to the fact … Continue reading →

Mountain Goat – Dinar Guru   Article:  “RAISING ZEROS REDUCES THE MONETARY MASS AND NEEDS A DECISION FROM THE TOP”   Abdul Jalil is telling us in this article many important points.  1.  the banks are now making money outside of the currency … Continue reading →

Adam Montana – Dinar Guru   Article:  “Kurdistan Region Prime Minister Nechirvan Barzani met on Thursday with his Iraqi counterpart Adil Abdul-Mahdi in Baghdad.”  Barzani meets with Mahdi re: HCL (?)   “First visit… since the approval of (the budget)”… It’s only been a … Continue reading →

Adam Montana – Dinar Guru   OIL  54.00  +0.63%  How can it possibly be more encouraging?  If oil keeps trending, there is no stopping this!

Mountain Goat – Dinar Guru     The answer to this first question is also the answer to the second in that it is the US Treasury that will come around the banks in armored cars, as they do on normal runs, … Continue reading →

Mountain Goat – Dinar Guru     EXCHANGE PROCESS… Remember how the banks operate. They need to make a profit. …So what…are they going to do with billions and billions of Iraqi dinar in their foreign currency portfolios of reserve currencies? They will … Continue reading →

 Dinar News Update  The 2019 Iraqi Budget was officially signed into LAW on Monday. Article: “The budget for Iraq for Fiscal Year 2019 officially became law on Monday with the signature of Iraqi President Barham Salih.”  This is a milestone that needed … Continue reading →

Adam Montana – Dinar Guru   …I see that I didn’t explain why the HCL is important.    In a nutshell, it’s important to the Kurds so they get a fair share of oil revenue, and ties in very closely to their concerns … Continue reading →

Kaperoni – Dinar Guru   …The dinar will never revalue or re-instate.  It is a process that will take time. Once they get off the peg and begin to float.

Mountain Goat – Dinar Guru   …We know that in order to conduct business with the rest of the world they must significantly increase the rate of exchange on the IQD when they do post it back.  Like I keep telling everyone … Continue reading →

Mountain Goat – Dinar Guru   We are waiting for the opening of the 2019 budget to begin the reconstruction. In doing so we are hoping this will also inspire the reinstatement of the dinar so investors feel comfortable coming into Iraq … Continue reading →