Author Archives: The Dinar Observer

Samson – Dinar Guru   Article: “Fintech major Qi and US-based K2 Integrity join forces to align Iraq’s financial sector with global standards”

Clare – Dinar Guru  Article: “Iranian Parliament approves closure of Strait of Hormuz”  Quote: “Iranian state television reported on Sunday that the Iranian parliament has approved the closure of the Strait of Hormuz, pending approval by Iran’s Supreme National Security Council. The decision comes … Continue reading →

Militia Man – Dinar Guru  With Middle East tensions, what we’re seeing in the news on a daily basis…gives a little bit of anxiety…to a lot of people…I understand it…But the ultimate thing is commerce and trade still keeps going.  That cog is … Continue reading →

Clare – Dinar Guru  Article: “Baghdad caught between allies as US hits Iran”  Quote: “Iraq finds itself in a delicate diplomatic dance, caught between its two key allies—the United States and Iran—after the U.S. launched a series of striking military … Continue reading →

Mountain Goat – Dinar Guru   …the U.S. Treasury has said it will give a “green light” to go ahead, however with stipulations. First if they must complete successfully the Iranian issues and trade must resume to normal between the two countries. Then the … Continue reading →

Sandy Ingram – Dinar Guru   We need to ask ourselves has Iraq been lying to us about previous banking improvements?  The answer is yes and no.  They were doing what they said they were doing but not what the Department of Treasury … Continue reading →

Samson – Dinar Guru   Article:  “Transportation: Significant progress in the plan to lift the European ban on Iraqi flights.“

Militia Man – Dinar Guru They aren’t going to tell us exactly when something’s going to happen.  They’re not going to tell you how much it’s going to happen at.  They can’t do that and there’s obvious reasons for that.

Sandy Ingram – Dinar Guru   US news report “Militia threatening to shut down the Strait of Hormuz…”  It will do Iraq no good for oil prices to double or even triple if they cannot deliver the oil to the world.  This could be … Continue reading →

Jeff – Dinar Guru   I stressed…we weren’t going to see the rate change till Iran is dealt with.  As you see, that stands true…Iraq has not revalued because they’re waiting on a resolution between Iran and the United States.  Whether … Continue reading →

Mountain Goat – Dinar Guru   [Wednesday] was my usual call to Iraq…I was told…that if this Iranian issue can be resolved quickly, as within a couple weeks, they fully intend to move ahead with currency reform very quickly. The only solid reason … Continue reading →

Sandy Ingram – Dinar Guru  Why is the IQD not globally traded?  First it’s because of capital controls.  Iraq restricts the flow of its currency across borders.  Second, there’s a lack of market confidence due to war, sanctions and  corruption.  The IQD isn’t trusted … Continue reading →

Kaperoni – Dinar Guru  Good news for Iraq! The financial system is improving and soon to be integrated internationally as well as the dinar becoming stronger (within compliance).

Clare – Dinar Guru  Article: “Sudanese advisor: Colorful noise behind the dollar’s rise”  Quote:  “Salih, explained…the rise in the US dollar exchange rate against the Iraqi dinar in the parallel market is due to what he called ‘information noise’ related to the Iran-Israel … Continue reading →

Sandy Ingram – Dinar Guru  At this point the dinar is unlikely to see meaningful appreciation unless Iraq shifts to a free floating exchange rate or undertake sweeping financial reforms…

Pimpy – Dinar Guru  Community Comment: ” ‘In country’ and ‘out of Iraq’ are two different scenarios.”  What do you mean two different scenarios?  No two different scenarios.  Once you change the exchange rate it goes worldwide.  There’s not two different scenarios period.

Sandy Ingram – Dinar Guru   Iraq is on the Forex market… but not in the same way as major global currencies like the US dollar, Euro or British pound.  The IQD is not freely convertible internationally.  You can’t walk into a … Continue reading →

Mountain Goat – Dinar Guru   So, again more…talk…about some $2 rate in the country of Iraq and rolling out the newer lower denominations. I can guarantee you that…There is NOT $2 rate in Iraq. They are still using the official CBI … Continue reading →

Pimpy – Dinar Guru  Look, there’s no saying for sure they’re going to take the zeros off.  Common sense tells you that they are but they might surprise us.  All we got to do is cross our fingers.  Let’s hope they keep the … Continue reading →

Samson – Dinar Guru  Article:   “Iraq joins the club of advanced countries in electronic payments with 22 million bank cards.“

Militia Man – Dinar Guru They’re going cash less.  That’s just the way it’s going to be.  They’re not going to need much cash.  When they revalue their currency to a different denomination and they apply a real effective exchange rate, they’re not … Continue reading →

Clare – Dinar Guru  Article: “The era of the digital republic has begun. Iraq is cashless, and the Central Bank imposes its authority as the ‘ruler of the country.’  ” Quote:  “Al-Tamimi explained that the government seeks to reduce demand for cash by … Continue reading →

Samson – Dinar Guru  Article: “The era of the digital republic has begun – Iraq is cashless, and the Central Bank imposes its authority as the ‘ruler of the country’ “

Kaperoni – Dinar Guru  Article: “The era of the digital republic has begun. Iraq is cashless, and the Central Bank imposes its authority as the ‘ruler of the country.’ “

Mountain Goat – Dinar Guru  …Didn’t the UN just tell us that “IRAQ WILL BECOME A BANKING POWERHOUSE BOTH DOMESTICALLY AND INTERNATIONALLY”.  Yes, wealth is leadership and Iraq is certainly taking the point lead under Al-Sudani in this area…

Sandy Ingram – Dinar Guru  For decades Iraq has relied almost entirely on oil sales to support its economy.  But now the government is working to create a second source of income by getting involved in the global carbon market…Iraq also … Continue reading →

Clare – Dinar Guru  Article: “The currency printed in Iraq is at its lowest level since a year.” Quote:  “Data showed Central Bank of Iraq The value of the issued currency, “printed” in Iraq Currently at its lowest level in a … Continue reading →

Pimpy – Dinar Guru  Question:  “Does Pimpy hold dinar?”  Yes, Pimpy has 5 million dinars.

Sandy Ingram – Dinar Guru   As long as there is positive movement in Iraq [we] feel obligated to keep going…

Militia Man – Dinar Guru  Iraq is under sanctions and is not actively traded globally at any significant means.  But when they are, when they do have a real effective exchange rate, there’s going to be an impact to all [their] trading … Continue reading →