Author Archives: The Dinar Observer

Sandy Ingram – Dinar Guru  Finance Committee discussions with the central banks’ governor include three subjects: printing new currency, deleting the zeros and introducing new denominations…A finance committee member reportedly said there is discussion about introducing currency denominations smaller than Iraq’s existing 250 … Continue reading →

Jeff – Dinar Guru   The HCL was drafted but never sent to parliament for approval clear back in 2007 and has been pending ever since because it’s been waiting the entire time for the rate to change.

Stephen – Dinar Guru  [My contact in Iraq update]  STEPHEN: Are citizens excited?  Are they aware what’s going on?  IRAQI CONTACT: Right now all the focus is on September 30th.  That’s all the people are talking about. STEPHEN:  That’s the date the US military … Continue reading →

Mountain Goat – Dinar Guru   …I have to say the news just keeps getting better and better…When can we expect the CBI to make a decision on their move of removing the zeros? This should happen any day now. One day you will … Continue reading →

Sandy Ingram – Dinar Guru   There is no official announcement saying deleting the zeros would increase the real  purchasing value of the Iraqi dinar. 

Reset Intelligence – Dinar Guru  Iraq’s Parliamentary Finance Committee says it wants to print a banknote smaller than the 250-dinar note. At the official rate of 1,310 to the dollar, a 250 note is worth about 19 US cents, and anything under … Continue reading →

Stephen – Dinar Guru They’re all saying different things…You can’t always take Iraq or the CBI at face value of what they say because they constantly contradict themselves.  I would expect that especially as we near any type of significant rate change or any … Continue reading →

Jeff – Dinar Guru  The odds are the rate will change before you and I even know what the heck even happened…For most of us the rate would have already changed and we would have exited out before we witness what the … Continue reading →

Militia Man – Dinar Guru  Printing more dinars to cover salaries is not a rate move.  It’s more local cash against the same pile of dollars.  It usually means a weaker dinar and higher prices.  Deleting zeros is not a richer country.  … Continue reading →

Sandy Ingram – Dinar Guru The governor of the Central Bank of Iraq has now publicly addressed the issue of changing Iraq’s currency and deleting the zeros…There appears to be two separate issues being discussed.  1) According to the governor, changing the currency … Continue reading →

Reset Intelligence – Dinar Guru   Today the [currency] operation met its first stress test…A currency change over has one weak point.  Forget the printing, paperwork and parliament.  The weak point is the morning every citizen decides whether to walk toward a [bank] counter or … Continue reading →

Reset Intelligence – Dinar Guru  Iraq faced its first bank run of the cleanup…Depositors crowded the doors of Al-Taif Islamic Bank in Baghdad demanding their money back. One woman told reporters she has 220 million dinars locked inside, about $168,000. A second crowd … Continue reading →

Stephen – Dinar Guru  Article:  “Central Bank Governor: As of today there are no international sanctions on the Iraqi banking sector”  Can you say internationally accepted currency, internationally traded currency!?  Ding, ding, ding.  This article is critical…We now have an official CBI … Continue reading →

Stephen – Dinar Guru  The truth is most employees at the banks don’t have a clue…I love my brother-in-law.  I’m not taking a dig at him, but he is a branch manager out of Wells Fargo, and he knows nothing about … Continue reading →

Clare – Dinar Guru  Article: “The Finance Committee confirms that the Central Bank intends to print new banknotes in denominations lower than 250 Iraqi dinars”  Quote: “He explained that the governor differentiated between changing the currency and removing zeros. He added that … Continue reading →

Reset Intelligence – Dinar Guru   When the rate is live, go to the private-client side of a large institution, not a retail branch. Chase Private Client opens near $150,000 in combined balances. UBS from roughly $2 million to $5 million; JPMorgan and … Continue reading →

Samson – Dinar Guru  Article: “CENTRAL BANK GOVERNOR : CHANGING THE CURRENCY IS WITHIN OUR AUTHORITY, AND REMOVING  ZEROS REQUIRES LEGISLATION IN PARLIAMENT”

David – Dinar Guru  It’s big. If you need proof go back to World War I, World War II, Korea, Iraq and eventually Venezuela  and you’re going to see a pattern.  We sanctioned them, there was conflict, we entered their country, … Continue reading →

Sandy Ingram – Dinar Guru   The Untied States just sanctioned a Turkish bank accused of providing Iran with a critical financial lifeline.  Could Iraqi banks be next?  The answer is yes…Reuters recently reported Iraq could become an example of how America pressures countries that continue … Continue reading →

Clare – Dinar Guru  Article: “Central Bank Governor: Changing the currency is within our authority, and removing zeros requires legislation in Parliament”  Quote:  “The process of reforming the banking sector is continuing in coordination with Oliver Wyman,” indicating that “there are no … Continue reading →

Reset Intelligence – Dinar Guru  Smaller Notes Only Mean One Thing. A note smaller than 250 dinars is worthless at today’s rate. A state prints one only when it knows the rate is about to change…Baghdad intends to print a banknote that makes … Continue reading →

Stephen – Dinar Guru  Lower denominations are being discussed.  It’s out in the public.  It’s out in the forefront.  This is an important piece of the puzzle.  Article quote:  “Iraq parliamentary finance committee says there is an intention to issue notes smaller than … Continue reading →

Samson – Dinar Guru  Article: “PARLIAMENTARY FINANCE COMMITTEE : THERE IS AN INTENTION TO ISSUE BANKNOTES IN DENOMINATIONS SMALLER THAN 250 DINARS“

Ariel – Dinar Guru    The rate change is a consequence of budget authorization, not a precondition for it…The budget is the trigger. Everything else follows from it… The Actual Order of Operations:  1. Council of Ministers approves the 2027 budget with redenomination language. 2. Parliament … Continue reading →

Jeff – Dinar Guru   Question:  “Are you of the idea that the revaluation comes after the reinstatement with the rate being set to float?” Jeff:  It can’t float.  It may be a managed float but not a massive float.  Managed is only … Continue reading →

Clare – Dinar Guru  Article: “Iraq ‘cannot afford to take risks’… State administration warns of the repercussions of US sanctions”  Quote: “On Saturday, the State Administration Coalition discussed completing the government formation, the draft oil and gas law, and the country’s financial situation, … Continue reading →

Stephen – Dinar Guru  Why not have a little bit of fun with it and speculate here…In my head, I think it’s a range.  I think it could be anywhere from 50 cents up to $3.72, somewhere in there.

David – Dinar Guru   I’m not convinced Iraq is concerned with what’s being held outside its borders.  It’s a worthless currency, hence the two rail system.  When it comes to the revaluation…based on history…it is more likely going to be revalued than not.

Jeff – Dinar Guru   If you go back to the year 2020 when it devalued, they put out countless articles telling us it was going to be devalued and go down.  They put all that out there, why?  Because it was … Continue reading →

Clare – Dinar Guu  Article:  “The Central Bank warns against fake news aimed at destabilizing the economy” Quote: “A short while ago, news spread on social media that the exchange rate had changed, and that the Central Bank had announced that deposits … Continue reading →