Dinar Observer Daily

Pimpy – Dinar Guru  When it comes to this new government in Iraq it is moving quickly and I mean very quickly.  Not just locally but internationally…

tlm724 – Dinar Guru   Article:  “Association Of Banks: Central Bank Measures Will Return Dollar Prices To Their Rates Quickly”  Quote:  “those who criticize the central bank must be aware that its measures announced yesterday by increasing the supply of dollars through its approved outlets and banks will inevitably lead to the return of the price to its target rates inevitably and quickly.“

Clare – Dinar Guru   Article:  “Government official: The exchange rate of the dollar will decrease and its impact will be after a week”  Quote:  “A government official confirmed, on Monday, that the exchange rates of the US dollar against the Iraqi dinar will decrease with the Central Bank’s decision to increase the weekly share of banks, exchange and mediation companies, pointing out that the decline will have an impact next week.

Kaperoni – Dinar Guru  The Prime Minister of Iraq met with the central bank governor…He was instructed to take steps to improve the banking system.  The governor was directed to further liberalize foreign exchange. The benefit of such a move helps Iraq integrate with the global banking system, increase investment and encourage financial integration…this should put Iraq in a position to accept IMF Article XIII...   [Post 1 of 2]

Kaperoni – Dinar Guru  This step by the central bank today will help perpetuate investment and develop their economy. It is a first step of many.  Liberalizing the foreign exchange and access to dollars should also have an affect on the dinar exchange rate. Though they are not talking about an RV they are talking about using the liberalization to raise the value back to what it was a year or so ago around 1170 to $1. [Post 2 of 2]

Militia Man – Dinar Guru  Article: “In the document.  The central bank decides to increase the weekly share of dollar sales“  Are they about to make a big move?

Clare – Dinar Guru  Article: “Starting tomorrow… the Central Bank of Iraq is moving to reduce the price of the dollar (document)”  Quote: “The Central Bank of Iraq decided, on Sunday, to increase the weekly sales of the US dollar in the currency auction, in an attempt to restore the exchange rate to its previous state.“

CandyKisses – Dinar Guru  Article: “Parliamentary: Discussions and Dialogues to Review the Dollar Exchange Rate”  Quote: “MP Najwa Hamid confirmed the House’s move towards reconsidering the dollar exchange rate.  Hamid told Mawazine News that “there are discussions and dialogues between members of the House of Representatives, and the Finance Committee specifically to reconsider the dollar exchange rate, and we believe that an appropriate price will be maintained.“

Nader – Dinar Guru  The decision this morning has been made to change the exchange rate.  They actually said to the old one…we don’ know if it’s the 1160…then they said it’s gonna go down slowly…the decision is made…maybe a couple weeks maximum you’re gonna see some changes.  So get ready for it. 

Samson – Dinar Guru  Article: “Iraq is fifth in the world in oil reserves, the cheapest to extract and the most profitable”  Quote:  “the oil reserves in Iraq and Saudi Arabia are close to the surface and on the ground, which makes access to oil more accessible and the extraction process more cost-effective and more profitable.“

Samson – Dinar Guru  Article:  “Basra Gas announces that its production has increased to 1000 million standard cubic meters per day” Quote:  “Gas production has increased by four times, as the company produces 1,000 million standard cubic meters per day, after production did not exceed 200 million standard cubic meters per day“

Pimpy – Dinar Guru   Article quote:  “The absence of the approval of the 2022 budget has hindered taking advantage of the rise in oil prices to implement new investment project – In addition with weak business environment and efficiencies in public sector investment, mismanagement, corruption and the lack of adequate infrastructure.  All these factors constitute major obstacles to attracting foreign investment despite some progress in the recent years.”  This is the big reason why you’re not seen any real increase in the Iraqi dinar exchange rate.  Those are huge steps…that need to be taken before they can increase their purchasing power and before they can increase the value of the Iraqi dinar…

Sandy Ingram – Dinar Guru  Article:  “Blaming Kurds for unrest, Iran threatens Iraq with offensive”  Breaking news out of Iraq – Iran has made good on their threats.  They have lit up Northern Iraq like a Christmas tree with drones and missiles…the United States condemns Iranian strikes in Northern Iraq…

Mountain Goat – Dinar Guru  …the good new this period is that they are cracking down on the corrupt banks in Iraq as they already closed 14 of them.  Next the US Treasury is in Iraq briefing over 35 of the existing banks how to conduct their banking practices and “best practices” for the banking sector…So why are they cracking down so heavily now? …I am hearing from my CBI source that part of why the US Treasury is now in Iraq is also to review and implement measures for auditing the expenditures of the 2023 budget once it is opened.

Samson – Dinar Guru  Article “In numbers… an unprecedented value for Iraq’s foreign reserves” Quote “Iraq’s foreign reserves are the highest today in the country’s financial history, which amounted to nearly 90 billion dollars…the exported Iraqi currency also amounted to about 150%, meaning that every dinar is exported to Trading in the economy is now covered by foreign exchange one and a half times.”

Walkingstick – Dinar Guru There was $800 million flowing per week out of Iraq from the CBI banks illegally.  It was being done by the political thieves…money exchangers… Maliki… auctions…fake contacts or directly stealing it and not caring if they were caught.  Only the CBI can supervise their banks and they have done a superior job.  That is why the international world is willing to pour into Iraq with their currency converted into Iraqi dinars.

Mountain Goat – Dinar Guru   Article: “IS IT TIME TO CHANGE THE EXCHANGE RATE?”  Quote: “…go to the program to delete the three zeros so that the dinar became a respectable and strong currency and an actual strategic and national stockpile that is better than the dollar and gold together.”   Alleluia! Alleluia! Yes, this…is exactly what we want to hear. I do not think they will ever tell us directly they will reinstate the dinar but we know if they do the project to delete the zeros they will have to reinstate it. Plus the CBI told us this is the next step way back in 2011 when the told us the overall process of how to get the dinar back to FOREX. By the way this is the second article already in a week that they mentioned the project to delete the zeros….

Militiaman – Dinar Guru  Article: “An economist shows the period needed to restore the exchange rate.. These are its effects”  This guy seems to be on a different planet.. 5 years? lol For crying out loud the CBI has already paid for the currency for the GOI to issue once ready, back in 2018.. The focus here is the policy of the government. It is their baby in sync with the independent CBI.

Nader – Dinar Guru   Article:  “Iraqi Prime Minister has reportedly told a press conference that his government intends to increase the value fo the Iraqi dinar (IQD) against the U.S. dollar.”  1450 is making fun of us…

Pimpy – Dinar Guru   It’s getting interesting over there in Iraq.  The fact that these people I thought for sure would do whatever it is that Maliki wanted seem to be resisting anything that Maliki wants…

Militiaman – Dinar Guru   Article:   “The Iraqi president refuses to accept Al-Maliki as his deputy, and the Sudanese is keeping the security institutions away from the control of the militias.”  This is a welcome sight to behold…suggests that the PM Sudani is playing the line that was drawn in the sand by Al-Sadr…The GOI has forward movement and an agenda likely with timelines to be complete and along side and in tandem with the CBI…lets see how the GOI and the CBI play their cards.

Samson – Dinar Guru  Article: “Parliamentary Finance clarifies the return of the dollar exchange rate”  Quote:   “A member of the Parliamentary Finance Committee, Jamal Kougar, explained, today, Friday, that changing the dollar exchange rate is related to the decisions of the Central Bank, pointing out that the bank has assurances that the exchange rate will continue without any change, at least during the next year.”

Petra – Dinar Guru   One is curious about all the subterfuge going on the last 3-4 days.  How many times does a country have to “defend” in one aspect the fact they are “not” going to change the exchange rate….and then, we see articles coming out from within Iraq that this is the very move that needs to be made.  Couple that with the input from the WB/IMF and other agencies telling the country to move forward and open themselves up for partnership, investment, and international business.  It doesn’t get clearer when one of your largest trading partners (Jordan) opens up a bank down the street.

MilitiaMan – Dinar Guru  Article:  “Saleh Al-Hamashi : Next year’s budget may exceed 170 trillion dinars”   Let’s say the government acts on Article 110 of the constitution and if they drop 3 zeros from the exchange rate the ratio becomes very interesting. It gets much closer to a 1:1 ratio than it is now be sure. I could be off, but, it sure looks interesting.

Pimpy – Dinar Guru  Article:  “The secret of the Sudanese government’s retreat from changing the exchange rate of Iraqi dinar”  Sudanese made a promise to the people that he would…change the exchange rate…now all of a sudden he appears to be backpedaling just a little bit.  Quote:  “Sudani confirmed…Tuesday that the decision to change the exchange rate of the Iraqi dinar against a dollar is a prerogative of the Central Bank and we are committed to implementing what the Central Bank deems appropriate.”

Nader – Dinar Guru  You see all what’s going on with the exchange rate…they took it down, they can easily reinstate it and the economy will not be touched…especially now…it’s booming in Iraq.  It’s nice you can get money left and right…

Breitling – Dinar Guru  Watch Iraq.  It’s very positive.  It’s going to happen…but you need to be making money in other areas because we can’t control the date.  I think a lot of people don’t listen to that advice…Iraq is very positive.  I’m not getting out…I haven’t heard anything negative to this day, seen anything that going to stop them from a revalue.

MilitiaMan – Dinar Guru   …With the World Bank, IMF, UN, USA, etc, giving the green light of support we could say that the time is now…The CBI has nothing but good reserves, gold reserves, high oil pricing, taxes and tariffs are electronic as is more and more of the Government, inflation under control and the green light.. Looks like a perfect storm for an RI…

Sandy Ingram – Dinar Guru   The new prime minister of Iraq said the following on Tuesday, Its government with the help of the Central Bank of Iraq will do is best to increase the price of the Iraq dinar against the U.S. dollar.  Article: “Iraqi premier to raise Iraqi dinar value”  He did not say what the revalue would be.