Author Archives: The Dinar Observer

Sandy Ingram – Dinar Guru   Question: “How is Iraq going to do business in the international market with such a low currency rate?”  This is why Iraq will need to increase the value of its currency.  Currency values… act as a … Continue reading →

Paulette – Dinar Guru  Article: “Iraq faces some challenges in its path to joining the World Trade Organization”  It is clear based on this article that Iraq will not be voted today to be full members of the WTO…Iraq has … Continue reading →

Mountain Goat – Dinar Guru   …This current Al-Sudani administration is now moving Iraq ahead, yes out of this past rut…It is right in our faces now…The train is racing down the track only to make the necessary stops along the … Continue reading →

Samson – Dinar Guru-  “Frustrating results from Iraqi Foreign Minister’s meeting with US Treasury regarding pressures on the Central Bank“

Pimpy – Dinar Guru I keep telling people, the WTO will talk about the Iraqi exchange rate but not in the sense that they’re forcing or telling Iraq they have to change their exchange rate.  That’s not what they do.  They just … Continue reading →

Militia Man -Dinar Guru  Today’s exchange rate at 1310 its reciprocal is about .0007633.  Drop those three zeros off an exchange rate and you have value to the currency.  It’s that simple.  It doesn’t make sense to anybody to print new currency … Continue reading →

Fnu Lnu – Dinar Guru   [Response to Guru Henig post 3-16-2024 below] The taxation issue is not complex and I  have it directly from the taxing authority (IRS) and an agent within the IRS. The taxation will be a matter of choice … Continue reading →

Fnu Lnu – Dinar Guru   It is also not true that one must have a receipt or pay 40-50% in taxes. The tax code is  written for both kinds of people. Those who pay taxes and those who do not. … Continue reading →

Sandy Ingram -Dinar Guru  A major financial change in Vietnam…Decree 52 regulates non-cash payment in Vietnam and will significantly alter Vietnam’s financial landscape…Decree 52 marks a significant milestone in Vietnam’s journey towards a cashless economy.  If you have VND bank notes … Continue reading →

Pimpy – Dinar Guru  It’s not the job of the World Trade Organization to handle Iraq’s currency exchange rate.  That’s not what they’re there for.   It’s called the World Trade Organization not the World Exchange Rate Organization.  

Mountain Goat – Dinar Guru  We heard this week that Al-Sudani again told the citizens that they can expect a “new currency” and so we know its not more of the 3 zero denominations since the CBI told us they are … Continue reading →

Samson – Dinar Guru  Article: “Minister of Trade arrives in Geneva to head the negotiating team for Iraq’s accession to the World Trade Organization“

Clare – Dinar Guru  Article: “Iraq resumes negotiations to join WTO”  Quote:  “The Iraqi negotiating teams have begun their preparatory meetings at the headquarters of the World Trade Organization in Geneva, in preparation for the third meeting of the working … Continue reading →

Samson – Dinar Guru  Article: ”Negotiations for Iraq’s accession to the World Trade Organization after a 16-year absence“

Militia Man – Dinar Guru  They pushed out the HOR meeting till after this next holiday which is on the 17th…The WTO meeting they say is on the 18th unless their calendar changes.  I highly suspect that won’t be the case.  They … Continue reading →

Militia Man – Dinar Guru   This next week there’s supposedly a formal and historic meeting with the WTO and Iraq on the basis of accession… They told us it was going to be formal and historic…

Buckeyetree – Dinar Guru  …Much progress has been made from the USA trip by Sudani in April, the technology with fiber optics, electronic banking, using only the dinar, foreign contracts with huge projects, the ATMs, and the HCL practically done with Barzani … Continue reading →

Clare – Dinar Guru Article: “Baghdad calls on Washington to reconsider its sanctions on 32 Iraqi banks”  Quote:  “Nelson praised, ‘the steps taken by the Iraqi government to support the Iraqi economy and address the challenges it faces.“

Sandy Ingram – Dinar Guru  There is a high demand for US dollars in countries like Iran and Syria where local currencies have significantly devalued.  Entities in these countries are desperate to obtain…physical dollars …because they are accepted everywhere and impossible … Continue reading →

Pimpy – Dinar Guru  Article: “The stability of the exchange rate of the dinar against the dollar is real and firm” This is one of those big steps we have been looking forward to, which is stability of the currency.   We’ve … Continue reading →

Militia Man – Dinar Gur  Ceasing the dollar auctions as we know it.  Tomorrow [Monday] is supposed to be the first day they’re going to have a new mechanism for using the dollar and selling that dollar.  People are going to … Continue reading →

Samson – Dinar Guru  Article: ”WTO Working Party Meeting July 18th after 16 years“

Militia Man – Dinar Guru  They haven’t started oil pumping and you have to ask yourself, why?  Because they need revaluation for that and I think that’s what we’re waiting for.  Is that some sort of delay?  I don’t think so.  I think the … Continue reading →

Clare – Dinar Guru  Article:  “Source: Iraq’s Central Bank Governor in unannounced visit to US to discuss Yuan ban”  Quote:  “al-Allaq departed for Washington last Tuesday to meet with officials from the Federal Reserve and the US Treasury Department.“

Samson – Dinar Guru  Article “Sources: The governor of the Central Bank of Iraq made an unannounced visit to Washington on the Chinese yuan“

Pimpy – Dinar Guru  This is big… Article Quote: “According to the latest data that is available, transactions through the central bank electronic platform have considerably increased with daily transactions reaching $200 million which is consistent with the size of Iraq’s economy.  … Continue reading →

Pimpy – Dinar Guru   Article quote:  “The transparency provides a realtime reporting on the FITR platform can also enhance market confidence in the Iraqi dinar.  Investors and traders are more likely to trust a currency whose transactions are openly documented and monitored … Continue reading →

Mountain Goat – Dinar Guru  In talking to my CBI contact      …I was told there is a master plan they are following to get to the reinstatement… The point that was made to me…is that the IQD should already be reinstated if … Continue reading →

Clare – Dinar Guru  Article: “Iraqi-American talks on the exchange rate of the dinar against the dollar”

Jeff – Dinar Guru  Some of you have said that parliament has nothing to do with this [the budget]…It actually does  because they unconstitutionally approved the budget and the budget’s approval has everything to do with it.  That’s the piece to the … Continue reading →