Author Archives: The Dinar Observer

GameofPatience – Guest Guru  the budget is waiting on the rate.  Kuwait changed their rate on 3/24/91, this year that would be the weekend of 3-25/26.  Iraq and Kuwait have the same budget periods April – March.

BobTheTaxMan – Dinar Guru  We as private holders of this currency were considered speculators anticipating gains from this revaluation …This is not tradable on the Forex.  It’s not even usable here in the United States…for us [In the United States] we’re … Continue reading →

Nader – Dinar Guru  The budget says about the exchange rate…1300.  It didn’t say 1310, 1320… Article… said the exchange rate in the budget is 1300.  I was surprised the budget has a rate in it in the first place.  The second thing, … Continue reading →

Clare – Dinar Guru  Article: “Shafak News publishes the draft budget law for Iraq for three years”  Quote:  “News Agency publishes the draft state budget law for the years 2023, 2024, 2025 sent by the Iraqi government to Parliament.“

Pimpy – Dinar Guru  I get a lot of people saying, ‘How come Iraq’s currency is not the same as Kuwait?’ It’s not that simple.  At one time it was very close to the same exchange rate as the Kuwait dinar…but things have changed … Continue reading →

Clare – Dinar Guru  Article “The industry opens a new window on the Arab markets for the export of aluminum sheets” Quote “The Ur State Company of the Ministry of Industry and Minerals opened, on Tuesday, a new window on the … Continue reading →

Sandy Ingram – Dinar Guru   Before 1935 what was Iran called?  The answer is Persia…This may be a deep-rooted reason why Iran keeps harboring over Iraq like a lost child over and above the monetary reasons…if you look at the map…Persia … Continue reading →

Yada – Dinar Guru   …the activation of their debit, credit, and prepaid cards on Sunday so they can buy and sell internationally, would have to include a valid rate, not a program rate of 1300 to 1.  Believe the float will … Continue reading →

Pimpy – Dinar Guru  Article:  “The Iraq parliament begins discussing the budget law”  According to their constitution they have 30 days to review this particular law…This is unique…the fact Iraq is going ahead and passing a three-year budget…I think this is … Continue reading →

Mountain Goat – Dinar Guru  …the Governor of the Central Bank, Ali Al-Alaq, set the objectives of monetary policy in Iraq, pointing out that he would take the necessary legal steps within the framework of the dinar being a major currency prevailing … Continue reading →

Henig – Dinar Guru   Article:  “Al-Sudani Advisor: The draft approval of the budget for the coming years remains indicative and amendable”  Quote:  “The draft approval of the budget for the coming years by the Council of Ministers remains indicative and … Continue reading →

Militia Man – Dinar Guru   My understanding is the IMF have the ability to go as high as 3 times the Special Drawing Rights. That is what they could do…it doesn’t mean that’s what they will do. They test systems … Continue reading →

Mountain Goat – Dinar Guru  …in the news we witnessed yet another currency reform implemented by the CBI when the Central Bank decided in the ATMs to use only the local currency of the dinar.  WOW!  Previously they could use both … Continue reading →

Pimpy – Dinar Guru   Article:  “Cabinet approves draft budget law for 2023, 2024 and 2025” …The budget is set for the next 3 years…For some reason it’s really hard for them to pass the budget.  So Al-Sudani did the smart thing.  He … Continue reading →

Clare – Dinar Guru  Article:  “Minister of Industry: Iraq is the first in the world in sulfur reserves“

Militia Man – Dinar Guru   Now that Alaq is back for a stint at the CBI – I think we can see we are at the last stage of the game.

Nader –  Dinar Guru   Wait till we see what’s in the budget because nobody knows what’s in the budget.  They can do whatever they want.  The budget is not out there yet.  They’re not working with it yet but they’re … Continue reading →

Pimpy – Dinar Guru   I got all kinds of people excited in my group talking about, ‘man, did you hear? …Iraq is international!‘  …I was like International?  What?  House of Pancakes?  What does that mean?  It doesn’t make any sense to me … Continue reading →

Sandy Ingram – Dinar Guru   I do research on Iraq almost every day of my life.  So it would be natural for the search engines to populate information about travel to Iraq on my home page…I guess the search engines … Continue reading →

Pimpy – Dinar Guru  As far as the Iraq dinar being stronger than the US dollar – not right now. But eventually they’ll get there I absolutely believe that.  Not right away but not too far away neither…

Pimpy – Dinar Guru  Nothing in this world would make me happier than to wake up tomorrow and find out that they did change the rate to $3 or whatever the hell it is that people keep saying…and me be wrong…I’d … Continue reading →

Militia Man – Dinar Guru  At this stage of the game we’re in a good place…

Sandy Ingram – Dinar Guru  Article: “Iraq’s central FX receivers rose to $96 ben, prime minister says”  We already know the Iraqi government has over 85 billion U.S. dollars in foreign currency reserves…Iraq uses the U.S. Federal Reserve as a piggy … Continue reading →

Clare – Dinar Guru   Article:   “The Cabinet approved the draft budget law for the years 2023, 2024 and 2025”  Quote:   “…in its regular session chaired by the Prime Minister, Muhammad Shia’a Al-Sudani, and refers it to the House of … Continue reading →

Nader – Dinar Guru   Everybody’s asking me if they can send money to Iraq with Apple Pay or a cash app.  Tell you the truth I didn’t try it and didn’t try it in any country.  I gotta try it … Continue reading →

Clare – Dinar Guru  Article:  “Adviser to the Prime Minister: Approval of the budget in a special session of the Council of Ministers tomorrow”  Quote:  “Adviser to the Prime Minister Diaa Al-Nasseri announced that the draft budget law for the … Continue reading →

Clare – Dinar Guru  Article:  “Taif Sami announces the completion of the “2023 budget” and sends it to the Council of Ministers for a vote“

Wolverine – Dinar Guru   I’m expecting big news from Zurich and Reno today guys. Let’s pray that we finally get that miracle call that we have all been waiting for so long. BGG ~ NONSENSE.

Mountain Goat – Dinar Guru  … Over the weekend I talked to my CBI contact and I was told to expect the second of the two rate changes “within 7 to 14 days”. Then I was also told they needed to … Continue reading →

Mountain Goat – Dinar Guru  The news today from the CBI is flat out telling us and I quote – “ADOPTION OF THE NATIONAL CURRENCY” in Iraq.  Yes, this was the CBI itself telling us this news… they already de-pegged from the … Continue reading →