Author Archives: The Dinar Observer

Kaperoni – Dinar Guru Question:  “The redenomination talk keeps popping up; issuing new notes without the three zeros.  Which as you have already commented; ‘is a neutral event’ …If Iraq did actually do this, when would make more sense, before or after … Continue reading →

Clare – Dinar Guru  Article: “Tracy Jacobson: I will advance American interests and fight militia influence in Iraq”  Quote:  “Tracy Jacobson, US President Joe Biden’s nominee for the position of US Ambassador to Iraq, gave her opening remarks before the Senate … Continue reading →

Pimpy – Dinar Guru  Article: “Iraq is preparing to establish a project that changes the oil map”.   Does it affect energy producers?  Oh, it’s going to change the map alright!  If they can accomplish this, this is really going to be huge…

Samson – Dinar Guru  Article: “Early elections in Iraq.. Prime Minister stimulates Al-Maliki’s appetite for a third term“

Mountain Goat – Dinar Guru   …the economic and financial advisor to the Prime Minister, Mazhar Muhammad Saleh, proposed an “unusual” idea to establish a sovereign wealth fund. …Unlike the CBI reserves that are mandated by the IMF to cover the government expenses … Continue reading →

Kaperoni – Dinar Guru For the past 2 to 3 years now Iraq has been trying to diversify their economy so that they are not totally dependent on oil. Although there has been progress, technically they still have at least 85% dependence … Continue reading →

Paulette – Dinar Guru  Community Reminder [“He pointed out that the new currency entry does not mean the destruction of ancient coins, but will continue to trade for about ten years, pointing out that this period will enable the central bank … Continue reading →

Pimpy – Dinar Guru  If there’s an exchange process all banks that are dealing in currency exchanges will be involved.  All you have to do is find your local bank that buys and sells foreign currency and just wait for the restrictions to … Continue reading →

Nader From The Mid East – Dinar Guru   Article:   “Iraq Bulks Up Gold Reserves, Inch Up World  Rankings”  Quote:  “Their holdings have grown to 145.7 tons, a bump of over 3 tons compared to 142.6 tons the previous month.  This … Continue reading →

Sandy Ingram – Dinar Guru   Some of you appear to have lost faith…We know Iraq will thrive if there are no full – blown wars and even then the oil revenue would continue to go up.  No one is … Continue reading →

Clare – Dinar Guru  Question: “Since Iraq is removing the zero’s in-country then giving its citizens new currency at  an increased rate (greater than $1.00), will they remove the zero’s out of country (for us) before we can exchange? Will our 25K  … Continue reading →

Militia Man – Dinar Guru   If they have a real effective exchange rate like al-Sudani said, that the dinar is going to be stronger than the dollar, the parallel market goes away…Obviously the stronger the currency is the cheaper it … Continue reading →

Clare – Dinar Guru  Article: “Withdrawing has become easier.. Al-Rafidain begins deploying ATM machines in institutions and malls”  Quote:  “Al-Rafidain Bank begins deploying ATM machines in its main branches, and then institutions, commercial areas, and malls, respectively, in implementation of its strategic objectives”

Samson – Dinar Guru   Article:   “Rafidain Bank begins deploying ATM machines in its main branches”

Mountain Goat – Dinar Guru    …Just look at all the progress made just since December 2022 when Iraq announced they were finally entirely out of Chapter VII. And now the spigot is wide open…the final issues preventing the reinstatement are being … Continue reading →

Kaperoni – Dinar Guru   Floating the currency is the best option but only once they have created a diverse economy that is not dependent solely on oil.

Militia Man – Dinar Guru   The black market is going to exist if the United States dollar is less than the Iraqi dinar…There’s not much demand for the dollar now…They’ve got it under control.  Is it showtime? I sure hope so.

Pimpy – Dinar Guru  Article:  “Oil slides to four-month lows as OPEC+ deepens bearish sentiment”  If oil prices continue to fall, where is the incentive for Iraq to increase their exchange rate?

Mountain Goat – Dinar Guru  …Iraq’s exit from the list of “high-risk countries” …was officially announced by the International Task Force (FATF) last week. Yes, “the writing is on the wall” now as this is the BEST news…Iraq’s exit from the list of … Continue reading →

Buckeyetree – Guest Guru  Iraq continues to transform into the modern era with banking and now fiber optics. With security and stability and safety (banking laws against terrorism and corruption), investors / companies will find a good environment to do … Continue reading →

Clare – Dinar Guru   Article:   “Kuwait connects its “Fiber” network to Iraq”  Quote:  “Iraq will be a major corridor for passing the network, not only in the Gulf.  But for the countries of East Asia, it will be synonymous with … Continue reading →

Mike Bara – Guest Guru   I want to say that this is not a rumor. I am not passing on a rumor…I know a guy…he got a call from a High corporate banking official from a major bank. And he … Continue reading →

Clare – Dinar Guru  Article:  “Parliamentary Committee: The investment law will see the light soon”  Quote:  “Member of the Investment and Development Committee, Muhammad Al-Zayadi, confirmed…the next legislative term will witness amendments to the investment law.“

Militia Man – Dinar Guru  I don’t care if you’ve been in this for 20 years.  What we’re seeing now is completely different.  It’s a progression.  Some people don’t like the progression.  They just want it to be over and done. Welcome to … Continue reading →

Clare – Dinar Guru  Article:  “Parliamentary Finance explains the reason for postponing the publication of the budget tables after the Eid holiday”   Quote:  “A member of the Parliamentary Finance Committee, Representative Moeen Al-Kadhimi, confirmed on Wednesday that the committee requested that the budget tables … Continue reading →

Samson – Dinar Guru  Article:  “Representatives appeal the budget schedules to the Federal Court”

Dinar Investor – Jeff    I told you guys the court would be overturning the budget because it is unconstitutional…I basically predicted the future for you.  It’s getting close to happening.   They’re most likely going to do this next week.  Article:   … Continue reading →

Samson – Dinar Guru  “Jordan considers Iraq one of its ‘most important’ key partners in the investment field”  

Kaperoni – Dinar Guru  There is no RV.  Iraq could never afford any significant increase in the dinar. And delete three zeros is a neutral event. No gain on the currency value. We hope this does not occur.  The only way the … Continue reading →

Dinar Investor – Jeff  The central bank announced their 3rd strategic plan…They’ll be increasing gold reserves…they also said they’re going to offer new issues of high quality currency and reduce the deficit…