Dinar Observer Daily

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…

BobTheTaxMan – Dinar Guru  One of the blessings that we have living in the country that we live in [USA] is that they understand the value of free-enterprise.  Small businesses, less than 50 employees, make up the majority of the money that flows through our system.  People think that big money and big government are the ones that have control.  To a certain extent yeah that true…but why do they call it coming to America and living the dream? …What is the American dream?  [post 1 of 2]

BobTheTaxMan – Dinar Guru  For me…having the opportunity to create any business I want.  To be able to buy my home.  To be able to have the freedom to vote and to participate in what’s going on in my world.  That’s the American dream.  America has that.  We have the freedom to do so much more – the rest of the world cannot do…In the tax game you can win.  It can be a win for you, the government, your tax preparer but to do it you have to understand how to play the game.  Once you understand that you’ve got freedom.  [post 2 of 2]

Breitling – Dinar Guru   The way our tax system is structured – if you go to Ireland it’s less tax, there’s certain little tax havens but what you don’t realize is none of those countries have what we call loopholes…there’s things you qualify for to get tax brakes. This is what people don’t understand…there’s a million ways to get around it.  That’s the secret.  That’s what’s laughable.  People who don’t have corporations and they get money taken right out of their paycheck, they have no say.  Those are the ones that get hurt.  There’s ways to be compliant.  [Post 1 of 2]

Breitling – Dinar Guru  There’s ways so the IRS wins and you win and you’re not paying this huge tax burden.  You’ve got to educate yourself in order to play that game correctly…Remember in the United States you have representation…[if] you want to take a big pile of your IQD at whatever rate it comes in at with no representation…it’s a no-no.  You can’t imagine the trouble you’re gonna walk into… [Post 2 of 2]

Kaperoni – Dinar Guru  …There is no slow, calculated roll out or GCR…If and when there are laws in place to support a market economy and foreign investment comes in Iraq the CBI will float the dinar, but not until then.

MilitiaMan – Dinar Guru   The AMF tells us the valuation of the AAD is 3x SDR / IMF. They don’t get specific from what I see. What I have seen is them give values of loans in USD terms whereby, one can do the math based [on] the value and come up with an exchange rate. If I recall accurately there were loans to Tunisia a couple years ago that amounted to over $4.00 USD. Even today 3x SDR is over that… As of Friday the SDR at the IMF is over $1.43+… If they keep to what the AMF has for the AAD, we can have an idea what to look for into the future. Imo…We know from what we have been told they are not floating the currency. Thus, to be stable they’ll need a strong and stable exchange rate for to do that. To defend a currency at a low rate can be far to risky. The stronger it is the better and easier it is to defend imo.

MilitiaMan – Dinar Guru  …[Saturday] was to be a day where the Iraq Trade Bank was to start the Interconnectivity of digital Dinar and the Dollar. If that connectivity has in fact been put in place electronically, then it would seem that the ISX will need the same ability electronically. If they are opening to the world and they are imo, the borders crossings are already waiting and ready…It surely has been a remarkable amount of progress to get this far. I agree with many there is no turning back.

BobTheTaxMan – Dinar Guru  Question: “Should I take my IQD to a foreign country so I can avoid the Biden Tax?”  There are two countries in the world that if you attempt to negate or move your finances out of that country…can stick you with 50% of what you own.  One of them is [United States of] America and the other one is North Korea.  When you’re an American citizen you’re playing the game.  You’ve got a blessing for being an American citizen but that blessing has a cost to it.  And the cost is taxes…

Breitling – Dinar Guru  I think people associate time, they’re like ‘Oh my god I’ve been in this thing a certain amount of time so this isn’t good.‘  That’s completely untrue.  I told you guys form the beginning this is not a get rich quick scheme.  This is a country and countries move at a slower pace.  There’s been a couple windows of opportunity for them to revalue.  I don’t know maybe that gets into people’s heads like, ‘That’s negative.’   No!  It’s all positive.