Dinar Observer Daily

MilitiaMan – Dinar Guru  Article:  “Saleh assures the Saudi delegation the importance of strengthening bilateral relations and the role of Iraq in consolidating the security of the region”   This is a big deal and it looks like they have agreed on many things. Security and Stability are a couple items, as are the economy and investments… Oh, I like this… Bring on the MECHANISM!!! ~ imo.

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MilitiaMan – Dinar Guru  More interest in the dinar in relationship to the stock exchange is very heavy.  I think that’s an indicator that investors around the world are getting excited and having to put money where their mouth is.  The country of Iraq knows that.

Pimpy – Dinar Guru  The people in Iraq rising up going after the politician Maliki who is backed by Iran – that to me is good. The fact that oil prices are up is great.  The fact that the deficit is already taken care of this early into the year is awesome news.  Biden expending the declaration of emergency that’s not good.  That sends a really bad message...there’s a lot of good things going on but there’s also a lot of bad. You should be aware of all of them…we are super pumped about the oil prices going up…

Petra – Dinar Guru  Article:  “The government will provide all conditions for the success of investment in Iraq”  What does that mean?  In order to have success with investment you have to have a tradable currency.  You’ve got to have mechanisms by which that currency can be tracked and traded internationally. i.e. BUNA.  We have the Prime Minister himself coming out and saying ALL CONDITIONS for the success of investment in Iraq.  That IMO was a huge statement…

Mountain Goat – Dinar Guru  My contact in the CBI told me that late week that leading political figures along with the IMF met with the Central Bank to plan out how to conduct the project to delete the zeros. So, we know they are now considering moving ahead with the project and funding it.

MilitiaMan – Dinar Guru  Article:  “The Parliamentary Finance Committee revealed, on Tuesday, a Kurdish delegation’s visit to Baghdad .”  Quote:  “The mission of the delegation that will visit Baghdad is to agree on the mechanism for implementing Article 11 of the Federal Budget Law.“  I imagine they will have a mechanism front and center right after Eid A – Fitr. …The mechanism, i.e., an exchange rate is or may be calculated based over time and averaging, in some cases, imo...Regardless the topic is the mechanism and that my friends is a big deal! They want to know what rate at which to calculate now…imo…I’ll bet once they see the mechanism they’ll be dancing in the streets…lol imo…me too…ha!

Pimpy – Dinar Guru  Article: “Biden extends the “state of emergency” in Iraq and Syria for another year”  What does that mean?  That’s Biden’s way of saying to the international community, ‘Be careful going into Iraq .  I wouldn’t invest there.  It’s not stable yet.‘  He’s still saying they’re in a state of emergency.  That’s what this means.  It isn’t good.

MilitiaMan – Dinar Guru   Article: “Al-Kazemi refers to an “unprecedented” security coordination between Baghdad and Erbil: it will curb terrorist attacks”  Quote:  “Baghdad is now in the final stage of approving and distributing the budget sections, and Kurdistan’s share will soon reach Erbil.”  The kurdistan share is to reach Erbil… There is enough support now that they should have smooth sailing… They have plenty of resources to cover a very healthy and strong currency…imo

Petra – Dinar Guru   We have the BUNA activity on the 6th.  We now have the ISX closing until the 23rd.  That is a Sunday.  That is the first opportunity for trading after ‘clearing the books’, the first opportunity if the CBI wanted to be vocal – This is all theory.  This is all opinion.  But they could around the 20th come out with some sort of announcement of a mechanism that could change the world for Iraq…They are clearly working quickly towards the conclusion…it’s getting really clear to me that the future is before us.

Mountain Goat – Dinar Guru  Remember a year ago when politicians came forward and told us that they could not do the “project to delete the zeros” because of the issue of funding the project. Of course, back then we didn’t believe this nonsense either but oil was at a decade long low, so we backed off on too much criticism. But what about now? Now oil is hovering between $60-70 and they budgeted at $45. Oil is projected to reach maybe $80-90 this summer. What will Iraq do with all this money? Will they seize the opportunity to finally rebuild their country and bring in the investors?

MilitiaMan – Dinar Guru  Lets see if they iron out the kinks this week. The Government bears the responsibility in paying dues, yet, lets see what do, as they have a political agreement to sort things out. Even the pressure from SA is noticeable…They would be wise to not have another meeting about investments unless of course they meet over the successes from the outcome, that is to come from them…imo. Everyone in the ME and around the world is watching and waiting for them to set the terms (mechanism) for international trade…imo…It is coming.

MilitiaMan – Dinar Guru  The ISX clearing is very important because it  ‘closes out the books’  clearing all trade and doing it at a time frame where they have a convergence…They closed the stock exchange on the 10th and it’s not going to open again till the 23rd…there’s a time frame where the banks close one more time during that ten day period, which is on or around the 20th which is a Thursday…so if you have that in mind and you think that they are setting the stage for something we could see a time frame where the stock exchange is…ushering in the new…the Central Bank could be very vocal.  And that’s what we’re hoping for.

Petra – Dinar Guru  We are seeing a formation.  I think we’re driving toward a point where this thing is coming to fruition…This whole meeting [BIS and PTB] was about the imminent launch of Iraq on the BUNA platform.  It was last Thursday which was the sixth.  Three days later they reminded us again of what that meeting was all about.  That’s part of educating the citizens IOO.  That is something very very important as we continue to roll down this timeline… Today they come out and say ISX is closed until May 23rd due to IED and also covid. I call it convenient covid…they need this time to settle the books…

Mountain Goat – Dinar Guru   Iraq is filthy rich…If they could only get the political scene straightened and get rid of the corruption that is stealing their wealth, the nation of Iraq could flourish to unbelievable heights. We read this period of an existence of a surplus in oil revenues of $7 billion, at a minimum, at the end of last month. Then the Parliamentary Oil and Energy Committee in Iraq announced that the accumulated sums from the “petrodollar” fund for previous years are estimated at $25 billion. Oil companies desire to come into Iraq and drill yet more wells to pump yet more oil. Then the World Gold Council announced, on Sunday, that Iraq possesses more than 96 tons of gold in reserves. WOW! What wealth! But the most important point today is this – Why is Iraq telling us this today at this time?

Frank26 – Dinar Guru  They are going to raise the value of their currency…articles are casting a shadow of the evidence that they’re raising the value of their currency and that’s all there is to it.  I know you want it like this (** snap** ) but you can’t do that to yourself.  This is the Middle East for crying out loud…

Pimpy – Dinar Guru   Article:   “The government succeeded in filling the deficit gap and facing the recession within a year”  That is great news.  The deficit is being taken care of. Thank goodness for higher oil prices…remember I told you guys we were looking for other signs – good signs that we just don’t have to rely on the RV/RI announcement. There are other indicators out there that will tell you that the value of the dinar would go up.  The fact that they’re taking care of their deficits – this is good. Making more money than was anticipated – this is good…this is what you want to see.

MilitiaMan – Dinar Guru   Article:  “Ports call for accelerating electronic transformation”   This has been a work in progress for years. They have not just started this. They have been hard at this for many years. Now it is effectively go time…We know the IMF, UN, World Bank, Bank of international Settlements, etc have a pulse in the on goings in the monetary reforms and digital transformation that Iraq is presenting to the world now.  [post 1 of 2]

MilitiaMan – Dinar Guru   It is very clear they are gearing to interlink globally via land, sea and air…All borders, ports and airports will have codes for all goods. A requirement for Article 8 and or WTO ascension. imo ~ They are obviously educating everyone in the matter.  The most important at this level are the those 200 banks, as they clear money globally… They all have a need to know and at the same time. They got the message…This is very very very exciting times imo!  [post 2 of 2]

Mountain Goat – Dinar Guru   Article:  “THE GOVERNOR OF THE CENTRAL BANK DETERMINES THE STEPS FOR DEVELOPING THE FINANCIAL AND BANKING SECTOR”  Quote:  “He also urged banks to digitally transform the services provided by opening accounts remotely, and using applications such as mobile phone applications and internet banking services, in accordance with international best practices.”

MilitiaMan – Dinar Guru  Article:  “THE ARAB MONETARY FUND (AMF) HOLDS A VIRTUAL WORKSHOP TO DISCUSS BUNA’S COMPLIANCE STANDARDS AND INFORMATION SECURITY CERTIFICATION”  …The country of Iraq is going smart tech now. Just as the borders are too. They are now already catching the pilfering of funds. That is not going to be allowed anymore. They are to nip that in the bud, pronto…They are going to the internet for international accounts. Article:  “The International Islamic Bank launches a new service”  They’ll need imo an international rate when all is ready, set, go.. imo.  That appears to be underway and on many levels. Even King Salman has granted license for ITB to open branches in the Kingdom…imo.

Petra – Dinar Guru   Article: “Ziad Khalaf: The Iraqi Summit For Digital Transformation Is A Gateway To The Country’s Development”  This is key: “the direct cooperation between the Central Bank of Iraq and the providers of electronic lift services has contributed to the consolidation of the electronic payment infrastructure, in terms of the database, governance rules and instructions, and local and international compliance. He pointed out that the companies licensed by the Central Bank, Visa and MasterCard, and the two operators were able to support most banks in issuing international cards and portraying the reality of electronic payment services.”  Key words: consolidation, infrastructure, governance, local AND INTERNATIONAL compliance, INTERNATIONAL cards…etc. Really a huge article and note…this meeting is in the past!! IMO…

Pimpy – Dinar Guru   We already know they’re implementing their white papers.  We already know they’re underway into this new budget.  I know there’s supposed to be some amendments but you got one group saying that’s not going to be amended, others saying that they’re hoping for it.  We’ll keep an eye on this.  Oil prices continue to go up.  This really benefits Iraq in a lot of different ways as long as they invest the money into opening the private sector…I know they’re saying no supplementary budget but I’m thinking there will be one…

Petra – Dinar Guru   … More articles discussing France and China engagements (contracts) all are telling a very exciting story for the strength growing daily of the IQD…Many more articles… demonstrate that Iraq is getting financially stronger and truly getting their house in order under the direction of the IMF/WB/UST…

Mountain Goat – Dinar Guru  Article:  “ACTIVATING THE ECONOMIC ACTIVITIES OF IRAQ”   Quote:  “…activating economic activity between Iraq and the major economic blocs, is one of the things that contribute to activating economic activities, by investing in advanced technology for investment companies and transferring them to the country.”   All good signs that Iraqi is moving ahead not backwards.

MilitiaMan – Dinar Guru  There is plenty of data out from prominent economists…of recent mentioned clearly…that there is…a focus on the matter and that the HCL needs to be sorted and quickly... Digitization will have that taken care of.  A level playing field with the smart technology initiative in mind will set this in motion quite quickly. At least it sure looks that way!!!  All the work to date shows me that they are not stopping…

Mountain Goat – Dinar Guru   I will tell you one thing for sure we can’t count on Ramadan as a target to let the RV happen. We never could...Every year we hear the same old crap…“Ramadan is the holiday of giving, so the CBI is going to give the people the revaluation.” …This is pure speculation…with NO FACTS to back it up…Just so you know Ramadan began in mid-April and so where is the RV? The upcoming Eid al-Fitr holiday is May 12 to Sunday May 19 and nothing is planned for an RV by the CBI. Don’t you think they would have announced some plan by now to educate the people, if this was the case?

Mountain Goat – Dinar Guru   Article:  “PROVINCE’S INVESTMENT: ANBAR INTERNATIONAL AIRPORT WILL BE THE LARGEST IN IRAQ”   like I said before, the plans for Iraq is for a central hub of commerce and trade. We see it slowly taking place. Airports are big in this vision for Iraq.

Dinar Investor – Jeff  Article: “Oil continues to rise and Brent is touching $67 a barrel”  Iraq has not gotten any loans recently. They don’t have to get loans now.  They have plenty of money from the oil surplus. Now that they have a surplus of money…they technically don’t have to change the rate either.  They have plenty of money coming in now…the Central Bank told you they’ve implemented the reforms at the current rate of 1460…

MilitiaMan – Dinar Guru  There is plenty of data out from prominent economists…of recent mentioned clearly…that there is…a focus on the matter and that the HCL needs to be sorted and quickly… Digitization will have that taken care of.  A level playing field with the smart technology initiative in mind will set this in motion quite quickly. At least it sure looks that way!!!  All the work to date shows me that they are not stopping…