Iraq Dinar Speculation

Hey all! I’m doing a live chat tonight at the forum: http://www.dinarvets.com

It will be free to attend. You will need to be registered on the forum (also free) to attend the live chat. If you are not able to make the chat, the event will be recorded and posted on the forum, I will update this blog post with the link to the chat log tomorrow morning.

This event is scheduled for 8:30 PM CST TONIGHT. Post your questions in the response section to THIS post.

VIP Forum members please click here, your questions will be given priority and answered first.

See you tonight!

Let’s get some common sense flowing today, shall we?

It was rumored that all Dinar sales would stop last week. Didn’t happen.

It was rumored that the RV had to happen within 30 days of the elections. Didn’t happen.

It was rumored that X, Y, and Z dates were set in stone. Well, X,Y, and Z came and went, with no RV.

Let’s disregard all that stuff, and look at what Adam Montana likes to give you: news and speculation founded in reality, not a phony date or rate.

My personal opinion is that we are very close to seeing some movement on the Iraqi Dinar. I come to this conclusion from reading the CBI articles, the IMF articles, the UN briefings, and from discussing this complicated topic with contacts that I’ve made over the years. Here’s a quick summary of the latest:

I’ve said it all along, I really don’t see anyone beating Maliki in these upcoming elections at the end of this week. I think the Iraqi government knows this as well, so why would they figure the elections into their time frame for re-evaluation? It can happen after the elections just as well as before, so don’t read March 7 into your timeline.

We DO know that the CBI is officially re evaluating the currency. This is great news, but it does not put a date on the decision.

We also know that the ISX is stopping trading for a short time during the elections. It’s obvious that the elections ARE a big deal, and everyone wants them to go smooth.

I personally think that the RV will be after the elections for that reason. If they announce it now, the people go nuts, and afterwards the election results are tainted with rumors of foul play, people not voting because they were in line at the bank, etc. There’s too much that can go wrong if the elections are influenced or overshadowed by a major revaluation of the exchange rate.

So, where does that leave us? If we can’t pin down a date, can we pin down a rate?

Maybe… check this out.

I’d like to take a moment to caution the hopefuls out there… YES, there is a chance that we’re going to get a ton of money back on the Iraqi Dinar revaluation! NO, that doesn’t mean you are guaranteed to turn $1000 into $1,000,000 overnight or even over the course of several years by buying Iraqi Dinar. Here’s a great thread that was just posted this morning on the DinarVets forum showing that we might see an increase from 1180:1 to 1000:1.

In the meantime, the central bank will continue the policy of stabilizing the exchange rate dinar to the dollar, “Al-Watan” that the central bank seeks to raise the value of the Iraqi dinar of 1180 dinars per U.S. dollar to 1000 dinars per U.S. dollars, within the month of June…

Don’t get me wrong here… I’m not saying this is official, or it is set in stone. but the FACT is it is possible that you’ll only see a 15% return on your money. If that happens, my advice is to be happy you didn’t lose 50% by sticking your money in the stock market.

Nevertheless – our speculative venture continues, and this ride aint over till the fat lady sings!

Best regards, and stay tuned!

-Adam Montana

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Here’s a new tune coming from the Prime Minister!

Iraqi Prime Minister Nouri al-Maliki said on Sunday that the process to re-evaluate the Iraqi dinar has to do with economic conditions that have to be strengthened.

I don’t recall ever hearing Maliki mention any kind of revaluation in the past, do you? It appears that we have official confirmation that the CBI is participating in a study to determine how to raise the value on the Dinar.

Maybe he finally subscribed to my newsletter.   Here’s the link to the article: http://en.aswataliraq.info/?p=127789

I do have some more stuff coming later. Stay tuned!

-Adam Montana

P.S. “If Adam Montana said it… it’s on this site.”

And if someone says I said it, but it’s not on this site… then they are either lying or passing around lies that people told them.

Listen, friends – people love to say “Oh Adam Montana said THIS! And it wasn’t true!” blah blah… are you kidding me? If you want to know what I said or didn’t say, look on this website, http://www.dinarspeculation.com. If it’s here, then I said it. If not – well, I seem to be a popular guy, so there must be a reason people like to make stuff up about me.

It’s not often we get one of these – an actual IMF press release! The IMF announced today that a two year stand-by arrangement has been approced for Iraq in the amount of $3.64 Billion (2.38 Billion SDR) to cover the balance of what Iraq needs to pay. $455 million has been approved to be made available to Iraqi authorities immediately.

Full release here:

IMF_press_Release_new_standby_agreement_Iraq.pdf

I let everyone know in chat the other night that this was coming, I hope you were listening or were on the email list or at least had someone who forwards you the emails! There are a couple more things coming, so stay tuned – this ride is just about over!

Yours,

-Adam Montana

Election news, Dinar news, Reval rates oh my! Just a quick update on some election stuff.

Al-Iraqiya List was rumored earlier this month as ready to boycott the elections if the Appeals Commission decided to ban them from it. The March 7 elections are obviously of major importance to us Iraqi Dinar investors, because it will be another milestone in Iraq’s march towards independence, both politically and financially.

Interestingly, a strange headline was listed on Iraqi Al-Rashid TV stating that there will be a breakthrough in the exclusion in the coming days. RoadsToIraq.com makes an interesting point:

Morning all!

We’re moving forward with the Dinar Currency speculation. There was a bit of a lop scare for a bit, but I think the majority of that has been addressed. If you’re interested in a good read, here’s direct confirmation from Jack Thomson at Reuters posted on the forum:

We don’t have all the details about the exchange rate, but we’ve been led to believe this is only a cosmetic change to the bank notes to make payments easier.

One thing I know for sure is it sure doesn’t “get easier” if you have to count out hundreds of small notes for change after someone buys a loaf of bread!

Link to the full email from Jack: Click here.

Just a quick note to Dinar Currency speculators – the United Nations is meeting tomorrow to discuss the situation in Iraq. Could this be the end of Chapter 7, a resolution to the HCL, or something else of that nature?

Let’s hope so!

Discuss it on the forum. Thanks to Texas777 for posting it. (LINK).

The entire post is on the forum, but I figured I’d share it here too.

(You might have seen it elsewhere, but this is indeed our very own (Ex Member’s) article on DV. Full link)

Ok this is ***** here checking in. All of you know me and i not one on conspiracy theory’s. However if you all remember it was all over the internet like 4-5 months ago that the illumatti works in codes and hidden messages, and that certain intel picked up the following message.

A few days before the rv will take place, you will see a hidden message, in a major news paper with the coded message “life on mars”, the article was as well suppose to have coded the rate of the rv in the article.

Well don’t shoot me by posting this, i only have because of all the news of the pending rv this week, its all over the internet from about every source that its a red alert for an rv in the next 48-72 hours.

98 billion dollars gets transfered to cbi, 4.75 tons of gold, announcements from cbi of plan to come out with smaller currency, phase out the big bills, the start of the election in just 2 days, the talk publicly about lifting chapter 7, recent agreement with kuwait, payment to kuwait for missing persons by the un, investments signed in neighboring countries, do i need to say more.

Well it is only for all the reasons above that i was floored when i went to the news stand today and seen front page news in the houston chronicle about life on mars (brought to my attention btw by pirate).

Almost 5000 views in less than 24 hours and over 10 pages of responses… I think this is worth sharing. Take a peek, here’s the original article: LINK.