Author Archives: The Dinar Observer

Clare – Dinar Guru  Article:  “Planning: Items in the budget to address the impact of the dollar exchange rate”  Quote  “…serious discussions were held by the ministry, with the participation of the Investment Authority, government agencies, the Federation of Industries and … Continue reading →

Mountain Goat – Dinar Guru  I have to say it is all very good and the CBI and GOI are working together to move in the direction they need to take for us to very possibly see the reinstatement back to FOREX (Foreign … Continue reading →

Pimpy – Dinar Guru   It’s the same gibberish going on out there.  How many millions of different times can you say that we’re just waiting for the budget to be approved?

Clare – Dinar Guru  Article: “Al-Rafidain directs the collection of taxes and customs fees in Iraqi dinars”  Quote: “Al-Rafidain Bank directed its branches at the border crossings to collect taxes and customs fees in Iraqi dinars instead of dollars…The bank also … Continue reading →

Pimpy – Dinar Guru   Yes, I heard there’s an extension to executive order 13303 and everybody’s losing their mind.  ‘This must mean something.  What is it Pimpy?  Has something to do with the dinar.‘ … No it doesn’t say anything about the currency…the … Continue reading →

Deepwoodz – Dinar Guru   When Iraq initially changed the rate to 1310, it showed up for the first time internationally March 28. At least on the two boards I can see.  From that point, it would be 1310 for a … Continue reading →

Sandy Ingram – Dinar Guru  Article: “The governor of the Central Bank comments on the recent rise in the dollar exchange rate”  He pointed out that those who go to buy dollar from he black market…may experience problems in the … Continue reading →

Pimpy – Dinar Guru  Article:  “Central Bank attributes the reduction of the dollar exchange rate to the increase in cash reserves and electronic platform”  What the cash reserves do, it allows them to flood the market with a competing currency therefore … Continue reading →

Clare – Dinar Guru  Article: “Campaign to support the Iraqi dinar” launched in Diyala”    Quote:   “…the Organized Crime Director announced the implementation of a major campaign, in cooperation with the Diyala Police, to deal in dinars instead of dollars.“

Mountain Goat – Dinar Guru   Article:  “POLITICAL AGREEMENT TO PASS THE BUDGET LAW IN THE NEXT FEW DAYS”   Quote:   “…most of the political forces, finally agreed to pass the budget law this week without putting any obstacles.”  They are aiming to … Continue reading →

Sandy Ingram – Dinar Guru  Article:  “Iraqis banned from dealing in US dollars”  Quote:  “Government warns of punishments as it tries to control currency crisis that has let to price rise…the surprise announcement …reflects an attempt to close the gap between the … Continue reading →

Militia Man – Dinar Guru  I believe we are watching Iraq go international.

Pimpy – Dinar Guru   The representatives have accomplished their second reading of the federal budget and it looks like they’re going to do a vote on the budget sometime around the middle of next week or so…if they continue to delay … Continue reading →

Clare – Dinar Guru  Article: “Iraqis banned from trading in US dollar” Quote: “The Iraqi Ministry of Interior issued a ban…prohibiting traders and civilians from conducting business in the United States (US) dollar,“

Nader – Dinar Guru   Something is happening this morning.  The float has been started guys.  It’s floated and we see what’s going on.  For now everything is calm.  Nothing is coming out.  The budget will come out this week.  Tomorrow I hope…they’re gonna … Continue reading →

Mountain Goat – Dinar Guru   Article:  “IRAQ IS EXPERIENCING AN UNPRECEDENTED PERIOD OF STABILITY”  Go RV! Go RV! Yes, the STABILITY we all have been waiting for. Its here! This stability only came as a result that Al-Sudani is not going … Continue reading →

Clare – Dinar Guru  Article:  “For the first time in 15 years, the dinar devours 30% of the (dollarized) car market in Iraq”  Quote:  “the return to the dinar will weaken the demand for buying dollars from the parallel market … Continue reading →

Sandy Ingram – Dinar Guru  Article:  “Customs achieves the highest revenue rate during the first quarter of 2023”  Customs department is proving to be a high stream of income for Iraq in the first quarter of 2023.  Revenues amounting to more than … Continue reading →

Pimpy – Dinar Guru  Article: “Kurdistan in Baghdad’s footsteps:  Demands to use the dinar exclusively in the real estate and car market”  This is a big move.  If you want to boost the confidence and value of your currency you really have … Continue reading →

Pimpy – Dinar Guru  If you’re in the country and people prefer the US dollar they’re willing to give up more Iraqi dinar to have the U.S. dollar.  That’s why there’s a black market out there.  That weakens the dinar.   If you … Continue reading →

Clare – Dinar Guru  Article: “Planning: The Iraqi private sector is starting to feel its right steps, with great investment opportunities“  Quote:  “One of the priorities of the government program is to support the investment and service movement in Iraq, by supporting … Continue reading →

Militia Man – Dinar Guru   Why are they hiding the vote?  Why are they hiding the 2023, 24, 25 budget if they’re going to come out at 1310? …It doesn’t make make any sense…the 17th was suggested that they’re going to have the … Continue reading →

Yada – Dinar Guru  Im of the mind that we are going to see this rate release just before they pass the budget…The rate is the driver of the budget, not the other way around BGG ~ Pure speculation…

Militia Man – Dinar Guru   The governor of the central bank is openly talking about a delegation of experts from the International Finance Corporation.  Why is he talking about the International Financial Corporation if he’s coming out at a program rate … Continue reading →

Pimpy – Dinar Guru   This [Money Laundering] is a big issue for Iraq.  If your government can’t stop laundering money, you’re going to stay on a so-called blacklist.  Your money will never be traded internationally because nobody’s going to … Continue reading →

Henig – Dinar Guru  Article: “International Monetary Fund: Iraq is third in the Arab world in terms of exports of goods and services last year”  Quote: “Iraq exported goods and services in 2022 worth $ 140.7 billion, which increased from the … Continue reading →

Militia Man – Dinar Guru   The 2023, 24, 25 budget  hasn’t been implemented yet.  They haven’t shown you anything in respect to a potential exchange rate but there’s some things that tell you that they are about to do that … Continue reading →

Clare – Dinar Guru    THE BUDGET HAS BEEN APPROVED. THE 3RD VOTE IS A FORMALITY THAT WILL MAKE IT LAW.  WHICH THEY ALSO REFER TO AS APPROVAL, BUT IT REALLY MEANS MADE INTO LAW- TO IMPLEMENT.  IF THEY WERE NOT GOING TO AGREE … Continue reading →

Yada – Dinar Guru  Now the UN, IMF, US, World Bank, and even the CBI know the GOI can no longer stop the process. Best analogy would be the pitcher has sent the pitch and it is on the way to … Continue reading →

Mountain Goat – Dinar Guru   Article:  “SUDANESE ADVISOR: THE OFFICIAL AND PARALLEL EXCHANGE RATES MATCH DEPENDS ON THIS MATTER”  I believe this is part of the process to the RV and reinstatement. My CBI contact has told me a couple times now that … Continue reading →