Dinar Observer Daily

BobbyC – Dinar Guru  To my knowledge only one aspect of Ch 7 remains and that’s the debt to Kuwait which has zero bearing on taking the IQD international. All the other Ch 7’s were moved to Ch 6.  CH 7 Sanctioned nations…do not have globally traded currency…there are no sanctions against them doing international business. Just some Banks, especially in Europe, won’t deal with em because Iraq fails to abide by the RTGS (real time gross settlements)…They could go Global at 1460 and I’d be thrilled…

Petra – Dinar Guru  The price of oil is on the rise.  This only bodes well for all the Gulf cooperating countries, OPEC and of course it’s going to impact Iraq as well because they are making money hand over fist right now with these higher oil prices.  That only drives success and strength in the currency itself.  It’s all good. I’m excited…

MilitiaMan – Dinar Guru    The things before us now are clearly showing a transformation. They have some many things done that have never been done before. The brass ring is  to be ready for the taking imo once they give the mechanism for the 2021 activation to pay the retro active payments...When bankers talk compliance, they are serious about it… I seriously like where we are now. By far better place than ever before from what I now see. Amazing things ahead…

Petra – Dinar Guru   Article:  “Saudi companies prepare to launch giant investments soon in Iraq ”   […The Saudi’s don’t play games and have little tolerance “postponement and delay tactics” if your not ready to do business they don’t stick around. The fact that they seem to be moving forward with investment projects (according to this article anyway) again I find encouraging…]  Correct…Looks like they may get the first dance card with the queen of the Ball!

MilitiaMan – Dinar Guru   …”According to the information, the salaries of employees and the region’s share in the budget law will be launched by the Federal Ministry of Finance after the Eid al-Fitr holiday.”  They told us the mechanism was agreed on and was to be dealt with immediately after Eid Al-Fitr…Lets hope they have the international mechanism ready to roll out!!

Mountain Goat – Dinar Guru  Article:  ” China agreement with Iraq will be activated soon, while noting that the annual volume of exchange between the two countries has reached 30 billion dollars.”  this is very important as China needs the Iraqi oil real bad. This is a geopolitical move on China ’s part…

Petra – Dinar Guru  They came out with some matrix that I was frankly kind of surprised.  They said 99% of the citizens in Iraq now have cellphones.  That’s massive.  And over 75% of them are connected to the internet.  Put that in your about digitization and being able to safely and securely transfer money both internally and externally…

Kaperoni – Dinar Guru   If the Iraqi dinar is ever going to appreciate in value it will be as the IMF says…”a predictable and gradual appreciation.”…

MilitiaMan – Dinar Guru  There is a clear and concise move to digitalization for Iraq and the region. We saw the like of 200 Senior officials from banks and Central Banks around the world with the BUNA conference on the sixth of May. Then on the 8th of May there is more on the digital transformation of the country. Now we see 300 Banks and from 20 Arab States are to attend a virtual event on the same topic of digitization in the coming days.  To gather this sort of attention is for a serious reason, one is for security and stability an other is transparency and to fight corruption.   [post 1 of 2]

MilitiaMan – Dinar Guru  Keep in mind those that have a need to know of what to expect from the level playing field will be there. They…know now that Iraq is open for business. The recent NIC platform from the GOI told us that investors can now make application to get into investments. That will require international standards. Along with it an exchange rate that complies too. We see today they expectation to pay salaries is post Eid Al-Fitr. That is not far off…They will need to have show time sooner than later.  Show time is 18th – 20th of May…imo Things are looking very good indeed!!!  [post 2 of 2]

Petra – Dinar Guru  Remember, the dinar is still at a PR (sanctioned) rate.  Even though they have been given a clear approval to move forward by the IMF/WB/UST they still are under the old rate.  And because of that, they CANNOT use the IQD to purchase goods outside of their country.  The only ‘mechanism’ they have currently is to trade their dinars with the banks for USD to purchase medicines, computers, Pepsi, and other good that are not manufactured in Iraq.  So, they must continue to purchase using USD until they change their rate to an internationally recognized and accepted currency…the auctions serve two purposes:  it allows for import purchases…as well as drawn in more notes from the citizens.  Will this change after the RI…you bet!  But for now, this is the necessary process in order to continue international trade to provide what Iraqi’s need to live.  All IMO.

Mountain Goat – Dinar Guru   …I can tell everyone with complete and utmost assurance that there is NOT going to be an RV anytime soon unless the CBI announces going ahead with the project to delete the zeros. They have not. I know they are planning it and working out the details but the economy and other issues, such as the move to increase the reserves are standing in the way…They…need the Iraq constitution FULLY implemented. That means HCL and the Article 140 referendum that the constitution calls for. But  not just written but passed in parliament and implemented successfully. Yes, these are the obstacles. We know that both of these referendums are in parliament being reviewed but not yet voted on.

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.

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]