Author Archives: The Dinar Observer

NORV – Dinar Guru   Despite the Central Bank’s decision to adjust the exchange rate to 1,300 dinars to the dollar from 1,470 dinars, confusion still prevails in the Iraqi markets. The exchange rates remain high despite the relative stability in the … Continue reading →

Pimpy – Dinar Guru  Article:   “Urgent the governor of the central bank reveals the secrets of the dollar’s devaluation and the reason for its rise in the market”  He’s saying there’s no reason to change the Iraqi dinar rate anymore.  He … Continue reading →

Paulette – Dinar Guru Perhaps…However, Iraq has clearly stated that imports only require a maximum of 60 million/day…the citizens are being encouraged to hold and use IQD…where did the other 600 million+ go this week?  It certainly didn’t result in controlling the … Continue reading →

Henig – Dinar Guru   Article:  “A leader in Al-Asa’ib sparks a dispute between Al-Sudani and Al-Maliki“.   IMO: Maliki being Maliki again.  I see any disagreement with Maliki as being a good thing. Maliki likes his power, and when someone opposes him … Continue reading →

Pimpy – Dinar Guru   Iraq…had a chance to come out to Washington and the squeeze was put on them.  Biden has put a crack down on Iraq because it won’t stop funding Iran.  This is what happens when you get a Coordinated … Continue reading →

Nader – Dinar Guru  Since last Saturday the police and man of law been running the streets in Baghdad and markets of Baghdad…you see a lot of cash in the streets.  Everybody sells cash on the streets and everybody sells dinar … Continue reading →

Mountain Goat – Dinar Guru   Article:  “PARLIAMENTARY WEALTH: ALL ROADS ARE OPEN TO PASSING THE OIL LAW IN PARLIAMENT”  This article is music to me when I read it… Yes we [have been] waiting so long to see this. Finally!!! Go … Continue reading →

Breitling – Dinar Guru  The Parliament did accept the proposed increase in value of the IQD to 1300 dinar per USD [From the CBI]. This is in part to offset the recent losses in value and to increase the purchasing power of … Continue reading →

Pimpy – Dinar Guru   Article:   “Central Bank: Bank outlets to sell foreign currency continue to work by selling dollars”   Remember everybody was clamping down on dollars making them real scare.  The more scarce they are then they rise up against the … Continue reading →

Sandy Ingram – Dinar Guru  Article:  “Congressmen call for more US support for Kurdistan Region, tougher position toward pro-Iran elements in Iraq”  This cannot be good.  Or it may be the best thing that has happened in the last 10 years.  Congress … Continue reading →

Militia Man – Dinar Guru   One of the things investors in the world need to come into Iraq…they need to have freedom of capital movement.  They must have been assured in the Washington, Baghdad, Istanbul and the meetings that we saw … Continue reading →

RVAlready – Dinar Guru  Article:  “Fuad Hussein: We reached an agreement with American officials regarding the dollar”  Quote:   “I see that the currency issue will be gradually resolved…”  Article:  “The Governor of the Central Bank of Iraq reassures the people: … Continue reading →

Mountain Goat – Dinar Guru    …Everything is pointing in the right direction that this could literally happen VERY SOON…

Pimpy – Dinar Guru  If the United States gets behind a revaluation of the Iraqi dinar to $3.22 then it’s going to be recognized by the rest of the international community.  But if the United States doesn’t get behind it, I … Continue reading →

Sandy Ingram – Dinar Guru   What is Iraq doing to prepare for entering the global financial world?  It is efforts like this that encourage our belief that the Iraqi dinar will revalue at a much higher rate…What is an FIU?  (Financial Intelligence Unit) … Continue reading →

Clare – Dinar Guru   Article:   “Huad Hussein from Washington: The currency crisis is gradually receding, and Iraq is becoming aware of it”  Quote: “… there is already a system in place between the Central Bank of Iraq and the US treasury, … Continue reading →

Militia Man – Dinar Guru  1310 isn’t enhancing the value of the dinar.  It was 1166 to 1460 and then back to 1310.  That’s not enhancing.  The inflation and all those things that come with that just doesn’t match.  But what does … Continue reading →

Pimpy – Dinar Guru   The overall goal is to get the Iraqi dinar to a 1 to 1 level playing field exchange rate…the dinar is going to get stronger and it’s actually going to get stronger much quicker than people think…major … Continue reading →

Mountain Goat – Dinar Guru  Article:  “MEMBER OF PARLIAMENTARY ENERGY: A “SEMI-OFFICIAL” AGREEMENT ON THE OIL AND GAS LAW”   As I stated many times already the new 2005 Iraqi constitution states that there shall be a referendum passed in parliament on … Continue reading →

Pimpy – Dinar Guru  …With the currency being stolen by corrupt politicians and terrorists there’s no way they’re going to revalue the currency currency to [$3.22].  Most likely when the time comes and they’re really right back on track you’re going … Continue reading →

Clare – Dinar Guru  Article:  “The government sets a week to complete the 2023 budget according to the new exchange rate: we will approve it in one session”  Quote:  “The Iraqi government revealed, on Wednesday, that the Ministry of Finance has … Continue reading →

Nader – Dinar Guru   I still believe the budget have nothing to do do with the rate.  The economy have to do with the rate.  The private sector has to do with the rate.  But the budget have nothing to … Continue reading →

Sandy Ingram – Dinar Guru  The Iraqi cabinet set the official exchange rate at 1300 Iraqi dinars per 1 US dollar.  The change is based on the Central Bank of Iraq’s suggestion/recommendation.  The previous rate was at 1460 Iraqi dinar to 1 … Continue reading →

Militia Man – Dinar Guru  Iraq was on the “Black list”, then it was moved to a “grey list” and then just yesterday/day before they were moved from that “grey list” by the European Union to the “white area”…at the same time … Continue reading →

Pimpy – Dinar Guru   Let’s get clarity about what’s really going on over there in Iraq in regards to the decline of the Iraqi dinar… Everybody knows the coordinating framework, Maliki and all his friends…do the bidding of Iran…the currency … Continue reading →

Pimpy – Dinar Guru  The issue with the currency is this – there is not enough United States dollars in Iraq…Since it [dollar smuggling] was so out of control the United States decided to limit the amount of dollars…putting the … Continue reading →

Henig – Dinar Guru   Comment:  “There sure isn’t many articles about the budget lately?”  There’ve been a few, but mostly rehashing over old material and couched in different information…IMO we won’t have a lot of new info until the Council … Continue reading →

Clare – Dinar Guru  Article:  “Governor of the Iraqi Central Bank: Launching a second package of facilities to support the exchange rate”  Quote:  “The delegation of the US Federal Reserve Bank and the US Treasury discussed a number of support mechanisms … Continue reading →

Pimpy – Dinar Guru  Article: “Blinken: We are working to strengthen Iraq’s economy and reintegrate it into the region”  As investors in the Iraqi dinar you want to hear this kind of news.  The more they can strengthen the economy … Continue reading →

Clare – Dinar Guru  Secretary Antony Blinken Tweet “I co-chaired with Iraqi Deputy Prime Minister @Fuad_Hussein1 the first ever economic-focused Higher Coordinating Committee of the U.S.-Iraq Strategic Framework Agreement. We will continue to work with the @IraqiGovt to strengthen Iraq’s economy and energy … Continue reading →