Author Archives: The Dinar Observer

Pimpy – Dinar Guru  What’s going to happen to the Iraqi dinar?  Once it reaches an acceptable rate by foreign currency holders such as us, then you’re going to flood the market with Iraqi dinars aren’t you?  Yes you will.  If it gets anywhere … Continue reading →

Dallasdude – Dinar Guru  ..as stated 1st round of task complete, second round of task is still a work in progress, fully expect the ninth to come and go with Iraq still on the outside looking in, good thing is they … Continue reading →

Samson – Dinar Guru  Article: “Al-Sudani: Iraq is moving today to the stage of revitalizing the economy and consolidating sovereignty”

Yada – Dinar Guru   …the news is outstanding regarding the progress of the Council of ministers having approved the budget schedules.   What is important…the rates were set with the US visit, council of ministers approved or amended the rates…all … Continue reading →

Kaperoni – Dinar Guru   It is critical to understand that if the Central Bank of Iraq plans to end the auctions by the end of the year there must be a new mechanism in place or there would be … Continue reading →

Militia Man – Dinar Guru  Article: “Iraqi Council of Ministers approves the 2024 budget schedules”  The next step would be to take those schedules and deliver them to the House of Representatives.  If we see that, that’s going to be powerful … Continue reading →

Yada – Dinar Guru  …this process moved beyond the needs of just Iraq, it had move to the benefits of the 84 countries with contracts with Iraq. The rest of the central banks with dinar in their foreign reserves.  And the … Continue reading →

Kaperoni – Dinar Guru  Question:  “So would the CBI set the initial float rate?“ When a country makes a determination to float their currency, the exchange rate is whatever the official rate is at that time.  Supply and demand then takes … Continue reading →

Pimpy – Dinar Guru If  the dinar were to go free floating that means the rate it will adopt is going to be the one that we see on the parallel market…

Paulette – Dinar Guru   Community Comment:  “On May 9th it has been announced that Iraq will become a FULL member of the WTO.”  I have not seen where Iraq has participated in the Third Round of negotiations…It took Iraq since 2004 … Continue reading →

Kaperoni – Dinar Guru   Article:  “Al-Rayes: The path of development is the first gateway to sustainable economic advancement”  If and when the Iraqi dinar begins to float supply and demand based on Iraq’s economic success will take over.  Only with … Continue reading →

Militia Man – Dinar Guru  Article: “Specialist: Floating the dinar is economic suicide”  Them bringing up exchange regimes obviously…they’re going to do something because why talk about it if it’s not going to change.  You don’t.

Mountain Goat – Dinar Guru    Article:  IRAQ TALKS ABOUT PRODUCING ONE MILLION LITERS OF GASOLINE DAILY   Quote:  “increase refining capacity production rates and improve production in national refineries to reach self-sufficiency and gradually shift to exporting them to global markets…”  Well…well…its … Continue reading →

Militia Man – Dinar Guru  Non-oil revenues…Iraq has the largest sulfur deposit in the world.  They can tap into that.  It’s going to be part of their non-oil revenues.  The amount of natural resources Iraq has is off the charts.  Anything that … Continue reading →

Kaperoni – Dinar Guru  For many years now the process for countries is to create the conditions for economic success, then change their monetary policy to allow their currency to float.  Flotation allows a country’s currency to ascend or descend based … Continue reading →

Paulette – Dinar Guru   Question:  “Is Iraq still on point to enter the WTO on may 9th?”   Iraq has not yet passed the required Product Protection Act and the Steering Committee doesn’t even meet again until “mid-year”.

Clare – Dinar Guru   Article Quote:   “Saleh said…Calls for floating the dinar to end the gap between the official exchange rate and the parallel market may be possible in an economy in which the free market alone influences the movement … Continue reading →

Militia Man – Dinar Guru   Article:  “Economist Muhammad Hashem Helou confirmed that the central bank cannot float the dinar exchange rate.”  We’ve seen a few articles over the last week openly talking about the types of regiments that are … Continue reading →

Mountain Goat – Dinar Guru   I feel we have been in a critical period of the currency reform program since January of last year 2023.  Now we are in a “vital” period.  Like a game of chess, we are now in a … Continue reading →

Kaperoni – Dinar Guru  It is highly unlikely that any bank will have anything to do with the dinar for quite some time. Banks are conservative by nature and the dinar could be quite volatile once they begin to float.  In … Continue reading →

Pimpy – Dinar Guru  My personal feeling is they are going to take the zeros off.  Do I want Iraq to take the zeros off?  No.  I would hope they would leave it on and then revalue it with a higher exchange … Continue reading →

Militia Man – Dinar Guru  Rebuilding the country is not going to happen anytime soon with 1310…Obviously they’ve got something else in mind because they’ve already said they’ve launched the projects, therefore there’s contracts involved.  What the rates are with the … Continue reading →

Kaperoni – Dinar Guru  I remind everyone just two weeks ago the Central Bank of Iraq announced that they plan to end the currency auctions by the end of the year. If that is the plan, they must have a replacement which … Continue reading →

Clare – Dinar Guru   Article:   “Specialist: Floating the dinar is economic suicide”  Quote:  “Economist Muhammad Hashem Helou confirmed that the central bank cannot float the dinar exchange rate…adding that floating the exchange rate in the presence of a parallel market and … Continue reading →

Paulette – Dinar Guru  Article:  “Specialist: Floating the dinar is economic suicide”   As Saleh was stating but only stronger wording.

Samson – Dinar Guru  Article: “The largest gas field in Iraq is close to seeing the light: a wealth that will reduce the import bill“

Kaperoni – Dinar Guru  A country’s currency is not some random act. An exchange rate is based on many factors including: reserves, GDP, economic growth etc. Iraq has a long ways to go and must pass laws to encourage investment. Only with the … Continue reading →

Clare – Dinar Guru  Article: “Advisor to the Prime Minister: The dollar exchange rate in the parallel market is gradually approaching the official one”  Quote:  “Saleh, explained the dangers of the exchange rate fluctuations in the event that demands for floating the dinar are … Continue reading →

Pimpy – Dinar Guru  Some of the bigger points we see inside the Iraqi dinar community such as, ‘Let them reinstate the exchange rate to $3.22 the old rate.‘  That’s not the old rate. That’s been a myth for a long time…The … Continue reading →

Militia Man – Dinar Guru  Everything is falling in line for Iraq to go international.  You haven’t see the salaries paid yet…you haven’t seen the oil start pumping yet into Turkey…Why?  Because they haven’t shown us or exposed an international real effective exchange … Continue reading →