Author Archives: The Dinar Observer

Militia Man – Dinar Guru   Question:  Does a contract rate make sense when it is time to exchange …or do you think its just going to be an international rate?  Militia Man:  I have heard lots of different things … Continue reading →

Pimpy – Dinar Guru  People keep saying Iraq can’t do this total rebuilding without changing the exchange rate.  I was thinking the same thing too.  And it was with good reason.  They could really benefit from that but the more research you … Continue reading →

Paulette – Dinar Guru   The issue is freedom of movement of capital.  That is what will open Iraq to the world.  Go Article VIII announcement  Go RI.  This is at the discretion of the IMF.  In the meantime, I hope Iraq … Continue reading →

Kaperoni – Dinar Guru    Community comment “Iraq should have a tradable currency before they join the WTO.”  They already do!  The dinar is globally tradable. The problem is no banks want to deal with it until Iraq’s central bank is in … Continue reading →

Mountain Goat – Dinar Guru   Parliament is now on recess until after Eid holiday. When they come back the focus is said to be all about two issues. How to solve the budget deficit without borrowing money and to get the … Continue reading →

Pimpy – Dinar Guru  The WTO isn’t going to let them in unless they change their exchange rate.  That’s false…They have many members in there with even worse currencies than the Iraqi dinar…Vietnam is one of the members and they’ve … Continue reading →

Clare – Dinar Guru  “After the end of its recess, the House of Representatives is preparing to pass 3 prominent laws”  Quote:  “Parliamentary committees intend, after the end of the legislative recess, to pass the Communications Law, the Investment Law, and … Continue reading →

Militia Man – Dinar Guru  Member Question:  So whats the major hold up? Or is it just the process playing out?  Militia Man:    I think it’s just the process playing out. This is one of the biggest things I have ever seen … Continue reading →

Mountain Goat – Dinar Guru  The saga about the Iraqi dinar RV only gets better and better.  Yes, we are VERY close to something big happening with the dinar…Yes, I do have some concerns about not seeing any news about the project … Continue reading →

Pimpy – Dinar Guru  There are a lot of exciting things going on, things I was hoping would start to happen once the budget was passed.  We could see the wheels are rolling and things are starting to fall into place.  We … Continue reading →

Clare – Dinar Guru Question about signed Budged:  “Does this mean we now move forward to posting in the Gazette?“ IT IS LAW NOW THAT THE PRES. HAS SIGNED IT.  THEY WILL GET IT IN THE GAZETTE. THAT IS JUST A FORMALITY.

Militia Man – Dinar Guru  The government and private banks – What they’re trying to do is establish what they’re call a qualitative shift in the Iraqi economy and enhance the stability…In revaluing a country’s currency you need security and you need … Continue reading →

Pimpy – Dinar Guru  The president has signed the budget finally into law.  What does that mean for Iraq?  How does that benefit those who are hanging on to the Iraqi dinar?  …Finally it is set in stone.  Iraq has passed a 3 year … Continue reading →

Pimpy – Dinar Guru  Article: “Iraq Pays Its WTO Membership Amounts”  This is good news.  Iraq has finally paid their membership dues and they can continue to move forward doing what they need to do to ascend into membership with the World Trade … Continue reading →

Paulette – Dinar Guru   The CBI has a lot to accomplish prior to Budget funds being disbursed.  Look at how busy Alak was this [past] weekend.  Hopefully, we see the implementation of the “Delete the Zeros Project” prior to the Budget becoming … Continue reading →

Militia Man – Dinar Guru  They’re talking about establishing a city that’s a financial and business center in Iraq…Could you imagine one square square mile or a half a mile of high-rise buildings all for a financial district on the amount … Continue reading →

Pimpy – Dinar Guru  About a year and a half ago Iraq mentioned they wanted to remove the 50,000 and 25,000 dinars out of circulation and use them specifically for bank transaction or large business transactions…What he’s not understanding is … Continue reading →

Pimpy – Dinar Guru  So will they continue to use the 50 and 25,000 dinars to do large bank transactions?  Of course that’s possible.  Will the dinar note look the same as we know today?  Heck no.  Those notes will no longer be any … Continue reading →

Militia Man – Dinar Guru  The 25k notes – if they change the value – that value goes with it because you can’t have 2 exchange rates with an international currency.  It’s not going to work.  Never has been even suggested…the project … Continue reading →

Clare – Dinar Guru  “urgent… The President of the Republic ratifies the budget law”  Quote:  “Today, Wednesday, the President of the Republic, Abdul Latif Rashid, ratified the Federal Public Financial Budget Law…approving the budget is a turning point for the government to … Continue reading →

Clare – Dinar Guru  Article:  “Al-Kalabi: The President of the Republic did not sign the budget in order to study it well, and he has “15” days”  Quote:  “he has a validity of 15 days, and if it is not … Continue reading →

Mountain Goat – Dinar Guru  I feel we have been in a critical period of the currency reform program since January of this year 2023. Now we are in a “vital” period since the three-year budget has been passed on Sunday … Continue reading →

Militia Man – Dinar Guru  To be an observer component of the WTO you have to be responsible.  You’re supposed to pay your fees and dues.  Iraq hasn’t been paying their dues since 2018.  Why would you pay your dues if you’re … Continue reading →

Nader – Dinar Guru  If he (it, “the RV”) doesn’t go on July we’re not going until 2025.  I’m sorry to give you this bad news but if it’s fixed it’s fixed.  They are going to try to work on the … Continue reading →

Paulette – Dinar Guru  Implementation of Article 140 seems to be on the horizon… This is likely the bone that was thrown to the Kurds in order to get the Budget passed. Latif, a Kurd, wanted to make sure the Supreme Judicial … Continue reading →

Clare – Dinar Guru  Article: “Iraq Pays The Sums Of Its Membership In The World Trade Organization”  Quote: “The Minister of Commerce and Chairman of the National Committee on Iraq’s accession to the organization had issued directives to give the … Continue reading →

Paulette – Dinar Guru  They continue to talk about the “parallel rate” when they have been talking about “a significant drop in the dollar”.  Saleh clearly noted “2% Required”. They are still hovering around 10%.  They have put many things in place … Continue reading →

Pimpy – Dinar Guru  Article:   “Iraq is witnessing remarkable growth in the world of e-commerce for the first time“  Obviously this is good.  It’s another one of those things that helps strengthen the economy inside Iraq.  As you are aware the stronger … Continue reading →

Sandy Ingram – Dinar Guru   On the surface Iraq appears to have achieved a measure of stability.  The country finally has a functioning government after a year-long political vacuum.  Terrorist violence has fallen to  its lowest rate since the … Continue reading →

Nader – Dinar Guru   The ATM I cannot comment on it because I never saw a newer ATM, maybe operated like I told you before.  But they’re not loaded with smaller categories because they didn’t even print it…They have picture of … Continue reading →