Dinarland Highlights – 5.11.21
“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.
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…
I am told there are still some hardware issues…but that we are still sitting in a very good and very comfortable position…and that we are still very close…The hardware issues are when they try to transfer money. They are quickly working to correct it. They hope to be up and running any moment now and definitely this week.
[They have had years to “fix” the hardware issues…]
If you think about it – it makes sense…they are trying to make a Quantum, world class computer system work with a lot of computers in a lot of different countries that were out of date before space shuttles… old stuff…..I can imagine it is a logistic nightmare. But I am told they are quickly getting it handled and are very close to done…
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?
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…
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.
Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
Courtesy of Dinar Guru
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