Dinarland Highlights – 5.12.21
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.
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
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?
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.
The first quarter is where we felt the process…phase 1, 2 and 3 were being done. They were accomplished IMO…we feel deep in our hearts in that first quarter they accomplished all 15 items. These items are actually being implemented/activated…all these things you have seen with us that have been passed and accomplished…they are waiting for just one thing…the rate.
You have to try your best to understand there is a difference between “passed” and “activated”. Yes the budget is passed but it is not activated because it does not have the exchange rate…
[Why hasn’t Iraq revalued yet?]
I believe Iraq has done everything they need to do…i believe they have not revalued yet because they need to pull the trigger with the GCR to take advantage of the gold treaty and get a higher value. At the same time my contacts on the ground in Iraq say that if the GCR doesn’t happen soon Iraq is going to go without them…go solo…and deal with a lower value.
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.
“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.
Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
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