Iraqi Dinar Discussion Board (IQD)

[Top Penny]

Try firefox

[Shrinky Dynk]

i could never figure out how to get chat to work so you won't see me there

[Top Penny]

Check out this site on the Dinar, hope to see you there...

http://realcommunityengagement.com/

[Shrinky Dynk]

yep

[Top Penny]

I'm liquidating my holdings to buy currency! Don't miss the boat!

[Top Penny]

sure did!

[Shrinky Dynk]

hey you get more dinar?

[Top Penny]

Buying even more Dinar in May!

[Shrinky Dynk]

smart move

[Top Penny]

I've been buying Iraqi Dinar and the Zim.

[RyNo_23]

Just watched episode 1 and it was pretty much all focused on Mosul. I did recognized General Ali from the Iraqi Forces as he was in my AO numerous times from 2015 until last year when I left.

Watching it reminded me of quite a few things. Interesting for those that haven't experienced this kind of War as technically we were just a support element that Located the Enemy thru Intel, Identified/Confirmed that is the Enemy and Bombed the shit out of them. lol

Episode 2 appears to be more Mosul... Just clicked a few minutes of it now.

As for the Dinar I would be happy with .03 to .05 cents - oh well, we can always dream.



War

[Mr. Bill]

Chain of Command- real interesting study on war. I think it may be mainly about Iraq and Afghanistan? Episode #1 has been all about Iraq. Very interesting. Definitely worth a watch if you hold IQD notes

[Mr. Bill]

12-13-2017 Newshound/Intel Guru BGG I have said repeatedly – I’m not sure they will release Iraq from their UNSC Ch 7 oversight anytime in the near future. This would greatly limit the UN’s ability to come and go (within Iraq’s borders) as they see fit. Though the UN appears to be pushing Iraq forward rapidly, I am dubious they give up a big tool in their fight against terrorism in the region. Does Iraq have to be fully released from the UN Ch 7 charter (the protection portion) to progress to where we would like them to? I believe not. JMHO. I am going to be somewhat reserved until a official U.N. announcement of a full release from CH 7. It’s also curious how they managed to hold an international bond offering without this previously and were successful? Relax – wait for the facts. [post 2 of 2]

12-13-2017 Newshound/Intel Guru BGG Article: "Iraq emerges from Chapter VII and the “oil for food” Obviously, this is very big news, however...Is Iraq being FULLY removed from the UN Ch 7 Charter (as in – all UNSC oversight)? (BTW – the sanctions and “the UNSC Charter” may well be two related but different functions.) The wording is still a bit murky for me...There are some “tensing”, translation and direct reference issues I would like to see cleared up. It’s not entirely clear they are officially clear of Ch 7 entirely. In many of the articles and interviews, it appears (to me) as though this is referring to the Oil-for-Food program as an individual issue...apart from the UNSC overall function. [post 1 of 2....stay tuned]

[RyNo_23]

Exactly, I could care less what any of these moron gurus say.

Most of them have never been to Iraq and I've spent years and years over there on the ground.

Let's see some news links!

[OTC_Buyer]

Guru said or news link?

[Mr. Bill]

12-11-2017 Newshound/Intel Guru Mnt Goat ...the security part is taken care of...the CBI and GOI will not no longer hold back the RV due to SECURITY reasons. So now Iraq is moving in the right direction again and after the announcements this past weekend I believe that Iraq is actually in a much better situation than even in 2012. [post 3 of 3]

12-11-2017 Newshound/Intel Guru Mnt Goat On Saturday we have some incredible news. Is all this recent news really all lining up exactly what we would expect at this time for an EARLY 2018 RV? No! We are still missing important pieces. One of these pieces is the re-education of the citizens in what they are about to do with currency reform. ...I am optimistic as I am told we will get it and to be patient. ...on Saturday Dec 8th was the announcement that Iraq “fully” exited out of Chapter VII for the oil and food program. I will tell you now this does not release Iraq dinar’s ability to trade freely internationally. Iraq is still under currency restrictions. ...the currency restrictions will not be lifted until the IMF deems Iraq fit resulting from the ongoing Article IV Consultation Reviews under the current Stand-By Arrangement. Can this happen anytime? Yes – but there is still work to be done by Iraq. [post 2 of 3....stay tuned]

12-11-2017 Newshound/Intel Guru Mnt Goat I want to say the news could not possibly get any better than today’s news. Many are hoping for a “triggered” RV in January and some even believe there will suddenly be a new rate of $3.00+ on FOREX thus this is how their perception it and expectations. ...let me set everyone straight and set an honest expectation here on how all this is going to work... Remember what I am about to tell you is now the current plan of the CBI and nothing but a plan. They have targeted January 2018 for a major rate change. Having said this, we know they also targeted Jan 2011, Jan 2013 and Jan 2015 and in all instances, it was postponed for some reason. We are just 23 days until 2018 and there is no targeted RV prior to this time. [post 1 of 3....stay tuned]

[Mr. Bill]

12-10-2017 Newshound/Intel Guru Mnt Goat IRAQI FOREIGN MINISTRY ANNOUNCED ON SATURDAY MORNING THE ISSUANCE OF THE SECURITY COUNCIL DECISION TO EXIT IRAQ FROM CHAPTER VII. WOW!

[Shrinky Dynk]

Don961: Saturday , in the Park ...

Under the patronage of Abbadi, the journalists of the world flock to Baghdad to celebrate victory over a preacher

2017 - 12 - 07

Hundreds of leaders of press organizations, heads of national Arab unions, members of the General Secretariat of the Union of Arab Journalists, heads of satellite channels, radio, newspapers and writers of Arabs and foreigners visited Baghdad on Wednesday evening, 6 December 2017. From Prime Minister Dr. Haider Abadi.

The celebration of the national celebration began on Thursday and will end Sunday with a large ceremony on the gardens of the Iraqi Journalists Syndicate. A large number of specialized committees formed by the Iraqi Journalists Syndicate were held for a number of Arab journalists' union leaders and foreign journalists at Baghdad International Airport and from various Arab countries and the world.
....
The official celebration will be attended by Prime Minister Haider al-Abadi, who will announce the victory over the organization of the Dahesh, the new world of work for reconstruction and peace, and the efforts and role of Iraqi journalists in the fight against terrorism and the sacrifices they have made.

The Union of Arab Journalists will hold its extraordinary meeting in Baghdad and coincide with the celebrations of victory.

The members of the presidency will arrive. The meeting will be chaired by Al-Lami, the president of the Union, while dialogue seminars will be held in the Arab press and freedoms. There will be many events in Al Mutanabi Street and heritage areas in Baghdadi. Big on the gardens of the Iraqi Journalists Syndicate next Sunday

[RyNo_23]

Marked you back for #136 and I appreciate that.

[Shrinky Dynk]

Thanks sorry to hear about your fathers passing I looked at your profile and member marked you

[RyNo_23]

Thanks for the update - let's hope it finally pans out for all of us.



Good luck to us both.



War

[Shrinky Dynk]

they are printing the lower denoms and doing advanced bank training 7-11th is a holiday for them abadi invited all dignitaries big shin dig on saturday. Rumor of trump even being there 100 nations in attendance

[RyNo_23]

That's just it - I haven't been paying attention.

I've owned 12 million plus dinar since 2006 - it just sits in a safe deposit box.

Only reason I thought of it now was because I saw you posted here.




War

[Shrinky Dynk]

saturday you'll know more if your paying attention

[RyNo_23]

Haven't been there since end of Feb - care to elaborate on the bust loose?




War

[Shrinky Dynk]

Iraq getting ready to bust loose

[OTC_Buyer]

WHAT?!? I didn't know a stock website had a IQD board. Cool Beans. I was just thinking the other day how cool I could combine the two websites. That and wish my IQD was doing as good as my penny stocks LOL ... Seriously I have been here holding since 2004 or 2005? (So long I forgot when I first got in. hehe) One day, one day this will pay off. I still have hope. Honestly I am already up since I bought mine overseas anyway.

[Mr. Bill]

http://www.foxnews.com/world/2017/07/10/mosul-reclaimed-isis-routed-from-iraqi-city-us-led-coalition-says.html

[RyNo_23]

IF it was ever going to happen it would be during the Trump Administration. Having General Mattis is charge as our Sec. Of War is the best thing that could happen to Iraq when it comes to killing bad guys.

Time will tell...



War

[Sunnybank]

Greetings all! Is this our year? Nickles? Dimes? Dollar(s)? Status Quo???

[Mr. Bill]

2-21-2017 Newshound Guru tlar [Do you have a guess on a rate? I communicate with another guy who believes there is too much dinar out there for much of an increase. Would you agree with that?] Its only a best guess as to how many dinars are circulating or how much of what they state is actually USD with the equivalency stated in dinars at any one time, because they will never divulge that to the public or even their own citizens. ...remember it is not dinar released from the CBI that they have to cover, but rather dinar circulating in Iraq in day to day commerce. The CBI may have released in the upper 30 trillion range but the dinar circulating is much less than that figure. The newspapers and media has always referred to all the dinars released as circulating in Iraq...The dinar you and I hold and the dinar not in Iraq that is other countries and central banks, is not considered circulating in Iraq.

Read more: http://www.dinarguru.com/#ixzz4ZNTr6Ftd

[Mr. Bill]

2-18-2017 Newshound/Intel Guru BGG Article: "Iraq joins the Convention on transparency between investors and the States" (the vitally important paragraph...) …”Iraq has issued a number of legislation that works to protect the investor and capital to do business in the country, at the forefront of investment law number 13 year 2006 and amendments which carries a lot of features and protection for investors, as well as important bilateral and international conventions signed by Iraq and the number of States”… I don't think I can stress enough - how important this is...and it may not IMMEDIATELY = what your timeline "wants" are - but it is BIG NEWS. Likely, THE TURNING POINT... Read that last paragraph again… (and again) – This may be THE NUMBER ONE piece of Dinar News “pre-RV”. I have been looking for a couple of important pieces to fall into place, this is one of the top 2 or 3...HANG ON!

Read more: http://www.dinarguru.com/#ixzz4Z6n0l3sH

[RyNo_23]

We know if we leave then the Iranians will move in. Waiting on my replacement now so hopefully nothing comes into affect that blocks him at immigration.

Looking to take a break and be back in summer IF I'm allowed back.

Time will tell.




War

[doinit]

they want chaos and trouble there are always ways money is made

[RyNo_23]

Iraq is threatening to cut their own throat.


https://www.yahoo.com/news/iraq-threatens-ban-u-citizens-201401652.html

[LionsPride]

LEAKS~Element Of $Suprise? Lead em somewhere Else Or Flat OUT Coming For Them ?? usually Both

[LionsPride]

2017 IRAQ God~Speed

[LionsPride]

$2017 $Still No Easy Fix Sir, Dinar No Dinar RV, $Progress

[RyNo_23]

It's 0047 and 14 Dec, 2016 here locally in Iraq and all I see is chaos. States the article came from Dawn Kissi of CNBC so I wonder if Dawn is hanging out in the same Iraq that I am?

With General Mattis taking over as SEC of Defense/War (God willing) then we will see what happens next year. Bombings aren't enough as we need to engage in some sort of ground war to exterminate these parasites. Then you got Syria and Iran next door so the only hope I see is war (and I'm perfectly fine with that).

Hope? Yeah right...

I still hold a hunk of Dinar, but I have no hope and I don't even think about it till I see someone post here.

[mgland]

Still hope?

https://www.yahoo.com/finance/news/iraqs-future-bright-investors-wearing-193514332.html

[LionsPride]

2017 Iraq Fiscal Budget Act
Always Hope For Best~Rewarded With The Rest One Day
Use Google Translator
LP

[RyNo_23]

"I want everyone to keep their feet on the ground" - now that's funny. LOLZZZ

About 16 days ago I passed thru Baghdad and used an ATM it dispensed dollars and IQD. I just pulled dollars as I have enough of that other crap. lol

Anyways thought I would share...

[Sunnybank]

Just wake me up when our banks are willing and able to exchange our Dinars. Until that time, these reports mean little beyond more carrot dangling. JMO.

10-29-2016 Newshound Guru MadDScout Article: "The Central Bank succeeds in raising the value of Iraqi dinar to us dollar" I want everyone to keep their feet on the ground. We can only ever watch the action. When the action bears this out to be an accurate report, then I will throw a party. [IS this the only source of this sort of news?] No I have seen it in 5 places...5 sources... I am watching with both eyes.

Read more: http://www.dinarguru.com/#ixzz4OUBhN0Ru

[Mr. Bill]

Fri 10/7: The long-awaited move on Mosul is expected to begin early next week

http://www.foxnews.com/world/2016/10/07/iraqi-forces-gird-for-grueling-assault-on-isis-stronghold-mosul.html

BAGHDAD – The long-awaited move on Mosul is expected to begin early next week, as Kurdish, national and allied forces prepare to oust ISIS from its Iraqi stronghold, sources told FoxNews.com.

Forces have been massing along Mosul’s outskirts for months, with periodic skirmishes in towns and villages that ring Iraq’s second-largest city. Despite the black-clad jihadist army’s tight grip within city limits, Iraqi and Kurdish military sources know ISIS has been digging in, fortifying positions, planting booby traps and preparing for a bloody siege.

“The coalition has trained us very well in joint operations, medical training, our snipers, advanced bomb units and street guerrilla tactics," Col. Thamar Mohamed Ismael, commander of the Iraqi Army Emergency Response Division (ERD), told FoxNews.com this week from his unit's Baghdad base that once housed hundreds of U.S. troops during Operation Iraqi Freedom.


Related Image


iraqiarmy1
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First Soldier Omar Salah al wad, (l.), and Capt. Omar Nazar, (r.), are ready totake Mosul back from ISIS. (FoxNews.com)


He and others who spoke to FoxNews.com said they expect the assault to begin next week.

Iraqi and coalition forces have in recent days bombarded Mosul with radio broadcasts and leaflets instructing civilians of the coming offensive and notifying them of their exit routes, ginning up speculation that action is imminent.

Aerial attacks are expected to soften up known ISIS targets first, and then Iraqi special operations battalions will spearhead the ground assault, Ismael said. Iraqi troops will then move in, with the grim possibility of fighting block-to-block and door-to-door in a city that was once home to 2.5 million and has been controlled by ISIS since June, 2014. The Kurdish military – known as Peshmerga - will keep the frontlines to the north secure, with Sunni militias guarding the outside of the city. It is unclear what role Shia militias will play.


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iraqiarmy2
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Iraqi Army Col. Thamer Mohumed Ismael, (l.), and intel chief Haitham al Malaki, (r.), expect the assault to begin next week. (FoxNews.com)


Iraqi military officials have intel from inside Mosul, much of which has been gleaned from spies within ISIS, said Haitham al-Malaki, head of military intelligence for the ERD. Working closely with the U.S.-led coalition, Malaki has obtained troves of key documents and sources that have paved the path for the Mosul offensive to kick into high gear.

"We've identified most of their communications and financial supplies," he told FoxNews.com.

A major part of the plan includes safeguarding the thousands of Yazidi women believed to be held hostage as sex slaves in the city.

"The minute we are on the verge of the city, we will notify those assets to go in and collect as many girls as possible before going in," Malaki told FoxNews.com. "We will also open a rescue path to ensure safe passage for the ones we can't get beforehand."

Perhaps the biggest question looming ahead of the operation is the whereabouts of shadowy ISIS leader Abu Bakr al-Baghdadi. Reports have claimed he was injured – and even killed – in the past, but intelligence sources believe he is likely alive and well and hiding somewhere around Mosul.

Several military officials said the offensive to take control of Mosul could happen as fast as four days to a week. However, Malaki anticipates that it will likely take two months to take back full control, clearing the city of threats and rooting out holdout fighters.

"It will take longer than the others due to the vast majority of people there and the size of the land," he said.

Conditions inside Mosul are believed to have deteriorated significantly in recent months, with inside sources telling FoxNews.com families have been starving due to high costs and limited supplies. Medicine has become scarce, and cash-strapped ISIS is believed to have stopped supplying civilians with the services they once offered in exchange for support.

ERD Captain Omar Nazar, 28, said civilians have turned on ISIS and will be a key to the operation’s success.

"We expect many civilians to stay there," Nazar said. "ISIS isn't the same ISIS as before, we have conquered them emotionally. Their morale is gone."

United Nations officials and non-governmental organization leaders have converged in the Northern Iraq town of Erbil this week in preparation for refugees the offensive could produce. However, the deteriorating security situation and high level of suicide bombings in the area surrounding Mosul have made it difficult to set up aid bases and camps, sources told FoxNews.com.

The fight for Mosul is both symbolic and strategic. The Iraqi army was humiliated when the city was overrun more than two years ago. Soldiers fled their posts, leaving behind weapons, munitions and even uniforms in a display that demonstrated the military’s shocking inability to protect the nation from the growing threat of ISIS. Over the next two years, the terrorist army overran much of northwestern Iraq, claiming a caliphate the size of the United Kingdom.

Iraqi soldiers are now eager to reclaim the city – and their army’s reputation.

"This will be honor, it is my desire to protect my country," said First Soldier Omar Salah al Wad, a 29-year-old father of four from Ramadi. Wounded seven times in battles with ISIS, he added, "I want my country to be as good as it can for my kids."

[Sunnybank]

I don't want to be like Mike... but he makes good points IMO.

10-1-2016 Newshound Guru mike When I first got into this the official rate was 1170-1 and then dropped to 1166-1. Last year the dinar took a small hit and the value went to 1182-1, which I never thought I'd see, we've been expecting a raise in the rate, not a decrease. As of yesterday, the street, or market rate for the dinar is 1291-1, roughly 9%. The MCP cannot exceed 2% so we're far from IMF MCP compliance. [post 3 of 3]

10-1-2016 Newshound Guru mike I know we're all counting on the beginning of 2017, but I remember when they said Iraq would join the world in the middle of 2016 and that never materialised. Here's hoping they can make good on their claim for 2017, it's clear that what they're doing now is moving the country backward, not forward...who would have thought we'd be sitting here in 2016 at 1182. Iraq needs a non-sectarian, transparent government wIth the political will to improve the quality of life for the citizens and advance the country. Your move, Abadi. [post 2 of 3....stay tuned]

10-1-2016 Newshound Guru mike Article: "Financial problem in Mesopotamia (the crisis generated crises) when dealing with (economic crisis) in Iraq? The causes and solutions? Why occupy Iraq is full of opportunities and resources armies of the unemployed?" Quote: "what we thought previously a good price (1500 dinars per US dollars) is no longer enough now." This guy is opposed to the idea of lowering the rate of the dinar to 1500-1, he states very clearly that a stronger dinar would be better for the citizens. Maintaining the status quo will continue to drain the reserves, if they don't make a move soon, the options available will be limited. He's also firmly against the trend Iraq has taken regarding trying to borrow their way out of the pickle they're in, it's not a long term solution, they're putting a band-aid on a bullet hole. [post 1 of 3....stay tuned]

Read more: http://www.dinarguru.com/#ixzz4LrTu9xi9

[Sunnybank]

Well that sucks...

9-30-2016 Newshound Guru mike Article: "Sources: al-Jaafari anticipates dismissal submit his resignation to Ebadi" And another one bites the dust and brings the total to four ministers from Abadi's cabinet who will be gone. Maliki and the Reform Front are gutting Abadi's cabinet. Iraq now has no Interior, Defense, Finance and Foreign ministers to represent Abadi, wonder who's going to be next? The thing we're waiting on is the necessary legislation to create an open market economy to allow the dinar to appreciate, and without a cabinet or a functioning government, it's going to be very difficult.


Read more: http://www.dinarguru.com/#ixzz4Llyit48Q

[Sunnybank]

Don't worry... Hillary has posted on her website how she plans to defeat ISIS

Iraq aside, it doesn't appear they're going away easily or any time soon.

Let's hope the Iraq situation can get resolved, then perhaps we'll find out how serious this investment of ours is. And let's pray it comes with minimal human cost.

[Mr. Bill]

http://www.foxnews.com/world/2016/09/23/isis-digging-trenches-preparing-for-hell-on-earth-in-mosul-us-military-says.html

ISIS builds 'hell on earth' around itself in Mosul, US military says
Published September 23, 2016 · FoxNews.com

Islamic State fighters in Mosul are digging trenches and can be seen pouring oil in some of them to bolster their defensive positions in Iraq’s second largest city ahead of an expected U.S.-backed Iraqi ground assault on the city, the U.S. military said Friday.

ISIS is preparing for “hell on earth,” said Col. John Dorrian, a spokesman for the U.S.-led coalition, who added that the terror group is moving large walls to slow down the invasion.

FILE - In this Aug. 31, 2016 file photo, Iraqi firefighters battle large fire at oil wells as they trying to prevent the flames from reaching the residential neighborhoods in Qayara, Iraq. A fire at one of Iraqâ??s major oil fields could hinder military and humanitarian efforts as operations to recapture the Islamic State stronghold of Mosul get under way. Black smoke continues to billow into the air from the Qayara oil field, damaged by IS militants last month as they fled the town. There are slow-going Iraqi efforts to contain the fires, but smoke and toxic fumes continue to pollute the air in the area. (AP Photo, File)

Iraqi firefighters battle large fire at oil wells as they trying to prevent the flames from reaching the residential neighborhoods in Qayyarah. (AP Photo, File)

Burning oil or tires produces a thick black smoke that can block the view from overhead, making it difficult for U.S. aircraft to visually identify potential targets.

Dorrian said ISIS has been burning oil fields near a U.S. base in Qayyarah, located 25 miles south of Mosul. He said ISIS was using the smoke to “mask movements.”

Fox News is told “if the stars align,” the Iraqi-led ground invasion could happen as soon as the next few weeks in mid-October.

Dorrian would not comment on reports that the U.S. military was planning on sending 500 more troops to Iraq, as first reported by The Wall Street Journal and confirmed by Fox News on Thursday.

Located on the west bank of the Tigris River, about 40 miles south of Mosul, Qayyarah has since become an important staging ground for military and humanitarian efforts ahead of the Mosul operation since it was recaptured by Iraqi forces last month.

"It's the staging ground for military forces and it's where 350,000 of the 1 million people who are expected to flee (Mosul) will either find shelter or pass through," Lise Grande, the United Nations' humanitarian coordinator for Iraq, told The Associated Press.

There are slow-going Iraqi efforts to contain the fires, but nearly a month after the town was recaptured from the militants, smoke and toxic fumes continue to pollute the air in and around Qayyarah.

The Iraqi Oil Ministry spokesman, Assem Jihad, said Wednesday that ISIS militants set fire to 11 oil wells in Qayyarah to derail security forces and wreak havoc in the area as they fled. He said fires at nine of the wells have been extinguished, but two continue to burn powerfully.

The images of smoke and flames from the oil wells are reminiscent of the oil fires in Kuwait after the Iraqi military reportedly set fire to hundreds of wells when Saddam Hussein invaded the neighboring Persian Gulf nation in the early 1990s.

"In putting out the fires in Kuwait, the firefighters used water pipes and pumped the water from the Persian Gulf to spray at the base of the fires," said Kourosh Kian, an expert in petroleum drilling and reservoir engineering.

Kian, a system engineer at GE Aviation, said the simplest method to extinguish these types of fires is to inject water under high pressure at the base of the fire. Since Qayyarah is on the Tigris River, there would be no problem with the water supply, he said.

Qayyarah and Najmah, the two main fields in the area with reserves slightly over one billion barrels, came under the control of ISIS when it captured Iraq's Nineveh Province in June 2014.

While Iraqi forces now remain in control of the area, it is far from stable. At the Qayyarah West air base, where hundreds of U.S. troops are working to advise and assist their Iraqi counterparts, a small rocket that contained a mustard agent landed, Gen. Joseph Dunford, chairman of the Joint Chiefs of Staff, told Congress on Thursday.

A U.S. official, who discussed details of the incident on Wednesday on condition of anonymity, said a small group of U.S. soldiers who inspected remnants of the rocket after it exploded found a black, oily substance on a fragment of metal. An initial test of the suspicious substance showed it contained residue of mustard agent, but a second test was negative.

Militants continue to dwell around the town to the west and along the eastern bank toward the town of al-Alam.

The Iraqi military, backed by coalition airstrikes and coalition advise-and-assist operations, looks to recapture more territory from the military group, which at one point in 2014 controlled about a third of Iraq and neighboring Syria. U.S.-led coalition forces have launched more than 460 airstrikes around Qayyarah since August 2014 and more than 1,800 around the city of Mosul itself.

But for aid workers in the country, the fires are an immediate primary concern as they prepare for a potential mass influx of displaced people as Mosul operations get underway.

Fox News' Lucas Tomlinson and The Associated Press contributed to this report.

[Sunnybank]

Nobody knows for sure, precisely why it is a highly speculative bet. Oldie but goodie from 2011 follows. Some of it rings true today IMO.

You understand don't you that the ""remove three zeros" proposal is a redenomination proposal and NOT a revaluation?

Adam Montana predicts the RV rate

There’s a lot of speculation on the Iraqi Dinar, and one of the most confusing and uncertain aspects of the final outcome is: The Rate. We constantly hear people making predictions and taking guesses… but what is the Iraqi Dinar rate actually going to be?!

Hi Everyone. I’m Adam Montana, and I’m going to do something I have largely avoided for the past few years… I’m going to give you my analysis of a potential rate on the future (and pending!) ReValuation of the Iraqi Dinar.

For those that don’t know me, here’s a quick breakdown of “Adam Montana”. My background is in business and investing. I have been invested in the Dinar for many years. I started a blog a few years ago to help my friends and family keep up with the news coming out of Iraq, and that blog created quite a stir in the currency speculation crowd! It started out getting a couple of visits per day, then 40-50 visits per day,, then 400-500, then 4000-5000, and it kept growing… pretty soon it was too much to handle the daily questions, so I wrote a book, and called it “Real RV Intel”. I also started a newsletter, and send out pretty regular emails to those that are subscribed to it.

The book was well received, and thousands of people have benefitted from it – I’ve heard from hundreds of you, and the feedback is always positive! That’s a pretty amazing thing in itself, but eventually I decided to expand the community and DinarVets.com was born.

Now the book is in thousands of happy customers hands, the newsletter reaches several tens of thousands of “Dinarians” across the US and the globe, and DinarVets.com is home to a community of over 35,000 members! These members are responsible for some of the most intelligent commentary, the most intriguing news finds, and most incredible insight to be found anywhere. Between the three parts of the Dinar News Network (the blog DinarSpeculation.com, the Dinar News newsletter, and DinarVets.com make up the majority of what is now known as the “Dinar News Network”)… let’s just say these sites keep me plenty busy!

Well, these same tens of thousands of members that make up the most intelligent and active Dinar sites on the entire internet are also responsible for racking up thousands of dollars in bills for me each month! Luckily, the VIP members contribute enough dollars to cover these costs, and then some. I am able to use those extra dollars to devote time to them, and also the entire community, and also prepare for an eventual RV of the Iraqi Dinar and offer unique Post RV investment opportunities that you will not find ANYWHERE else – I’ve been working on some of these opportunities since before the average “Guru” even heard of the Dinar!

Speaking of Post RV investment opportunities, it should also be noted that I did take and pass the Series 65 exam in order to qualify to legally be able to present these opportunities to the VIP members… I am very excited for that day to come, and if you’re not a VIP member I highly recommend you join! Here’s the link, if you need it: iqd.me/l/order

Now, you know who I am… you know I’m at least intelligent enough to pass the hardest financial test available to anyone willing to take it… you know me by reputation and by my actions, if you’ve been a member for long… so let’s move past that stuff.

Let’s get to the meat, shall we? The RATE.

There are plenty of theories on what the rate of the revalued Iraqi Dinar will be, and they honestly range from pennies to dollars… my friends, that is a HUGE difference in ROI if you hold several million Dinar! Why, if the rate is several dollars, then your holdings could equal several million USD! If the rate is in the pennies, then your investment is potentially worth several tens of thousands of dollars… BIG swing there, right?

I’m going to list a couple of speculated rates and the reasons behind them, then I’ll tell you what I think is most likely.

Speculated rates:

Based on Kuwaiti Dinar.

It’s been said that the rate must equal their neighboring Kuwaiti Dinar rate, which would put the Dinar at $3+. Many people speculate that the Iraqi’s are a prideful people, and it would be a slap in the face to have a revalued currency be less than Kuwaits.

Based on dropping the 0's

It’s mentioned many times in the news that the 0's could be dropped, which would mean one of two things:

1. The 0's are dropped from the bills, which essentially puts most investors at a break even return. Nothing gained, nothing lost.

2. The 0's are dropped from the exchange rate, which is currently .00086 (Dinars are worth about 1170 IQD per 1USD, or an exchange of .00086). This means your dinars are worth .86USD per Dinar – in other words, a 10,000 IQD note is exchanged for $8,600 minus spread and bank fees. (If you don’t understand the “spread”, or you think there will be no spread, PLEASE read my free Cash In Guide. It’s located here: dinarnews.net/cashinguide.php )

Based on “equal to the USD”

We see articles all the time that reference the US Dollar, stating that the CBI wants the IQD to be equal to the USD. An easy assumption is to simply RV at 1:1, making a 10,000IQD note worth $10,000.

Based on “they can’t RV low or investors will buy too much!”

Some people state they will not cash in for anything less than $1. They state that Iraq would be foolish to RV at a low rate, because then big money will come in and buy up a ton of Dinar before it can go higher. (I intend to prove this theory wrong, FYI.)

My Thoughts:

Keep in mind that I’m trying to keep this as simple as possible. I am going to use hypothetical figures, and I’m going to make my point as quickly as possible… we all have better things to do than listen to an old guy like me ramble on for days, right?

I agree with a few of the speculations above. I think the Iraqi Dinar should have a higher value, and I think we are simply waiting on the HCL or Chapter 7 to be finalized… then it will be “GO” time! But my opinion of the rate goes a little deeper… it includes a “business sense analysis” that I think everyone should be prepared to accept.

Iraq is a business – and the business is natural reserves. Iraq holds a majority of the worlds natural gas and also black gold, also known as “oil”. When Iraq is released from Chapter 7 and the HCL has been settled, they will begin operating their business using the same principals any other successful company uses – the goals being profit, sustainability, and success!

Did I mention profit?

Yes indeed, friends!

PROFIT.

The most important concept to understand today is this: The CBI makes money on every auction, and they will continue to do so forever. When the Dinar changes value, the CBI buys it at a lower rate, and then sells it at a higher rate.

The CBI will ALWAYS choose the path that makes them the most money. Keep that in mind as we continue with this paper!

Let’s move forward a few steps and talk about a ReValued dinar. I agree that a lower rate than Kuwait will be a blow to the ego’s of the Iraqis. I agree that it should be on par with the USD, or even higher. I agree that the rate WILL get there… eventually.

When the Iraqi Dinar is ReValued to a higher rate, it will become more desirable to do business in Iraq. Many people will be less hesitant to sign contracts and invest in Iraq. The current Iraqi Stock Exchange (ISX) should see some major movement… and the CBI (Central Bank of Iraq) is going to make tons of money on the exchanges!

I believe that Iraq can sustain a very stable currency at a rate of $3 or higher, but I don’t think they will immediately jump to that rate even if they ultimately desire it to be so.

Here’s why:

An instantaneous RV to $3.00 will create a ton of wealth – coincidentally, probably about the same amount of wealth that they lost when Saddam Hussein was taken out of power and the value of the Iraqi Dinar plummeted to mere pennies! What’s done is done, though, and we have to look at the situation for what it is today – not what it could have been or should have been.

When the Dinar rises in value and people are ready to “Cash In”, there is only one place that will ultimately buy the Dinar: The CBI.

Since they control the rate and they are the top of the chain, they can set their spread (the fees they charge for cashing in your Dinar) to any rate they want. I’m of the opinion that they will jack that rate up as high as possible in the beginning… and who’s going to say no? The CBI has a monopoly on this market and it is theirs to do with as they please.

A normal foreign currency exchange carries a “spread” of 2-6%. This means if you exchange $1000 worth of a foreign currency, you can expect to receive approximately $940 after the spread is taken out. Those numbers in the middle aren’t important, the only important thing is what you walk away with.

Since the CBI has complete control on the spread, which trickles down through every single banking institution that handles the Dinar, we are at their mercy. Don’t miss this next line:

If the CBI won’t buy your dinar, then you will not be able to cash in.

Take a hypothetical rate of $3.

The CBI can (and probably will) put a hefty spread their buy price – I’ve heard it will be at least 25% if they RV high. This means they will sell the Dinar for $3, but they will buy it for $2.25

Personally, I’d be grateful and overjoyed to see a 25% spread on a $3 RV! Most likely, we will only see about $2.00 per Dinar at a $3 RV by the time it gets in our hands (every party involved will take a little chunk, unless you are physically able to go to the CBI. And you can’t do that. So, just accept it – you’re going to pay a spread.)

Once again, the extra numbers aren’t important right now – the only number that’s important is the $3 and the $2.25, because that’s what the CBI is worried about.

Let’s say there is a billion USD worth of Dinar out there right now, or 1 trillion IQD. The CBI pays $2.25 for every $3 worth of Dinar, then resells it the next day for $3. That’s a profit of $75 billion just on the spread. Not bad, right?

The problem is it cost them 225 billion to do that… and that 225 billion goes right into the “debt” column.

My friends, Iraq isn’t about to go into debt so we can get rich. Therefore, a $3 RV isn’t the answer, and we must look at another possibility.

Take a hypothetical rate of $0.10 (ten cents)

Again, using the same numbers we have 1 Trillion IQD that needs to be changed out to smaller denominations. The CBI announces the rate at ten cents and also announces that your large notes will be worthless in 90 days.

Every investor would love to hold out for a higher rate, but in this situation you have no choice… you cash out. The CBI will likely use the same spread, so they will buy 1 trillion Dinar at a rate of .10, minus 25% spread, which gives us about $750 for every 10,000IQD note we have… and the CBI makes 250 million in the first 90 days at an expense of only 1 billion. This puts their debt on this transaction at only 750 million… a far cry from the 225 billion in the $3 RV!!!

However, this is only the first step. Now I’ll show you how Iraq can easily wipe that debt out by ReValuing the Dinar at a lower rate initially, then making money as the Dinar increases in value over a relatively short period of time.

What about all the other investors that will now come in to buy up the lower denomination notes, speculating that the Dinar will continue to rise?

I completely agree that this will happen! And the CBI will continue to make money on it. In the above situation, the Dinar is being sold by the CBI at .10USD per 1IQD. After all of the large notes are brought in, it is reasonable to assume twice as much money will be poured back into Dinar by speculators, at .10. Now the CBI is able to sell 2 billion at 10 cents, and they can move the peg on the Dinar up a bit – say, to 15 cents. Investors will cash in for a profit, allowing the CBI to resell at the higher rate and once again make profit.

Of course, not all investors will cash in at 15 cents. For the sake of argument, let’s say half of the investors sell out at that point. The CBI pays 0.1125USD per dinar (A profit of 12.5% for the investors!!!) and resells that billion for 15 cents – securing a profit of 375 million.

The CBI’s “debt” on the original RV is now down to 375 million… do you see how this is working? The CBI is able to make up the “loss” on the original RV simply by continuing to hold auctions and allowing more and more people to profit on the increasing value.

At this point, in our hypothetical situation of a 10 cent RV, the CBI has covered half of it’s loss with only one “repeg”. They can continue to profit all the way up to the final rate of $1, $2, $3, or higher – as long as investors are willing to buy the Dinar, they can keep moving it up.

And the way things are going over there… why wouldn’t we keep buying? I know I plan on doing so!

In conclusion, I want to caution everyone to be careful with this investment. As good as things look, we never know when some hairbrained Arab is going to pull the pin on a grenade or something silly like that. Only buy what you can afford to lose, and always consult a professional before making investment decisions.

I hope you found this article to be helpful!

Best regards and WARMEST RV wishes,

- Adam Montana

[TenKay]

You understand don't you that the ""remove three zeros" proposal is a redenomination proposal and NOT a revaluation?