Author Archives: The Dinar Observer

KandG – Dinar Guru   Article:   “The Kurdistan Regional Government announces reaching an initial agreement with Baghdad on the draft budget law”  Quote:  “the Iraqi government revealed, two weeks ago, that the Ministry of Finance had begun to re-prepare the … Continue reading →

Paulette – Dinar Guru  Typically, it [the budget] will go through First Reading and then go to Parliament’s Finance Committee for review.  This review is often at least  2-3 weeks and often much longer.  It then comes back for Second Reading … Continue reading →

Sandy Ingram – Dinar Guru  The exchange rate between the USD and the IQD is still at 1458 on the international currency feed.  We don’t know why it has not calculated to 1300 per the CBI’s rate change…[I’ll] keep you posted.

Pimpy – Dinar Guru  There’s a difference in RV and RI…RV is when you re-value a currency.  We saw a revalue when the Iraqi dinar went from 1190 dinars to 1450.  That is an RV.  An RI is when you … Continue reading →

Militia Man – Dinar Guru   There is some really big information that came out today…From The Arab Monetary Fund and Al Sudani talking about joining the International banking system. This is huge. These people are telling us they are going International.

Pimpy – Dinar Guru  The United States has been tightening the screws down in Iraq because they feel money is being smuggled/laundered…over into Iran circumventing the sanctions…which is a no-no…we’ll notice if the Untied States starts loosing up with the … Continue reading →

Militia Man – Dinar Guru  The government returned the budget to the finance ministry in order for them to adapt it to a new exchange rate.  Our view is the 1310 is something in the past.  We believe there’s going to be … Continue reading →

Clare – Dinar Guru  Article:  “Association of Iraqi Banks: Dealing in the Chinese yuan may provide the possibility of reducing import costs”  Quote:  “the Central Bank will consider, after controlling the exchange rate of the dollar in the balance market, by … Continue reading →

Deepwoodz – Dinar Guru  Question:  “article says the budget will reach the house this week.so does that mean the com agreed on everything to send it to the goi?”  I think yes…The COM is Sudani’s selected government whom Parliament gave a … Continue reading →

Pimpy – Dinar Guru   Does the future look bright for Iraq?  Yes, as long as they start getting their shit together and their government starts doing the right things necessary like providing funding for infrastructure and helping with education that helps contribute … Continue reading →

Sandy Ingram – Dinar Guru  Currency Mayhem – IQD from USD to CNY.   Article:  “Iraq, short on dollars, moves to purchases with Chinese yuan”  To compensate for a foreign currency shortage Iraq Central Bank said the country would soon trade with … Continue reading →

Sandy Ingram – Dinar Guru  This is the first time imports from China will be paid for in Yuan. Before now all imports were paid for in U.S. dollars.  The Central Bank of Iraq said this move could boost the balances … Continue reading →

Mountain Goat – Dinar Guru  …the Central Bank of Iraq launched the second package of reforms. In a remarkable statement, the Central Bank of Iraq announced, a plan to allow trade with China in Chinese yuan instead of dollars, in an … Continue reading →

Pimpy – Dinar Guru  Question [If they remove the zeros from the currency what will happen to the old currency?  Is it only the 25,000 note?]  …I’m sure we’ll have time to go ahead and swap our currency out.  You just can’t … Continue reading →

Breitling – Dinar Guru  It’s black and white.  Iraq picked the right guys.  They picked us.  They’re going to stay with us.  They’re not going to go with the BRICS.  They’re not going with Asia.  They’re not going to go with the … Continue reading →

Militia Man – Dinar Guru  It’s been 20 years they’ve had this process going and now they’re finally getting to that change.  If we can’t see it now we probably never will but at this stage of the game I’m a believer … Continue reading →

Pimpy – Dinar Guru  With a strong economy and the gold reserves are up and the foreign currency reserves are up there’s no reason for Iraq not to have a stronger exchange rate once you can start providing more jobs and you … Continue reading →

Samson – Dinar Guru  Article:  “An economist expects a third package from the central bank to reduce the dollar”. THIRD PACKAGE OF DECISIONS – POWERFUL.

Sandy Ingram – Dinar Guru  CBI announced Iraq will do business with China using the Chinese currency…this is an attempt the Central Bank of Iraq is saying to stabilize or help stabilize the IQD.

Mountain Goat – Dinar Guru  There is some amazing news and it falls directly in line of what we should be expecting at this point in time. We all should realize by now the IQD is no longer pegged to the … Continue reading →

Militia Man – Dinar Guru   Changing from the dollar to the dinar in real estate is going to be a a big thing because multi-currency practices are going to be gone.  They’re making it so that people have to use the … Continue reading →

Pimpy – Dinar Guru    Inflation, unemployment, demand, political stability, supply, future prospects…all play a part in the currency exchange rate.  Is inflation down?  They’re saying it was at double digits last couple years although every time I look at it it’s in single … Continue reading →

Nader – Dinar Guru  If it [The dinar] goes viral you’ll see the bank will sell it and you will change it to wherever you are in any state…Florida…New York..Long Island, California…Arizona, Texas, Georgia, wherever.  The bank would accept it.  You’re not … Continue reading →

Pimpy – Dinar Guru  Once Iraq enrolls into the World Trade Organization it opens up big doors for Iraq to do international business.  This also guarantees Iraq is able to do international business.  This organization will facilitate Iraq exports and make … Continue reading →

Mountain Goat – Dinar Guru   …The conclusion of the dialogues of the Iraqi delegation in the United States of America, related to the dollar crisis are completed. In a way this visit was different from all previous delegations that visited … Continue reading →

Pimpy – Dinar Guru  The more I read about what’s going on with Iraq it really does look like they’re doing what they can to build up the value of the exchange rate for the Iraqi dinar.  Now that doesn’t mean … Continue reading →

Militiaman – Dinar Guru  2023 budget which is scheduled possibly for as early as Thursday.  It’s coming together because they’re [HCL, budget, etc] all exchange rate oriented.  If they’re on the Swift system and they have calculated a new exchange rate and … Continue reading →

Pimpy – Dinar Guru    Obviously the currency exchange rate is on the minds of the people from Iraq as well as the United States and they’re saying that they’re putting ‘mechanisms’ in there and that people in Iraq will feel the … Continue reading →

Samson – Dinar Guru  Article:  “The Investment Authority directs the adoption of the Iraqi dinar in the payment of dues for housing projects“.   Ready for Adjustment to come.

Pimpy – Dinar Guru  There’s no doubt there’s all kinds of activity happening over there in Iraq…the focus has been on Iraq, their politics, their banking system, the exchange rate and that talk still continues today.  It’s exciting because we haven’t … Continue reading →