Iraq Dinar Speculation

The South Oil Company of Iraq issued a tender for the drilling of 45 new oil wells in the vast South Rumalia.

This is a developing story, bookmark this site or subscribe to the feeds to keep up to date. The developments in Iraq continue to be a fascinating topic. See below for a map of the approximate location.

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Source: UK Reuters

VP Al Hashemi on Iraqi Banking

Following the first Economic forum in Iraq, Vice President al Hashemi states that the performance of the banks in Iraq is “weak”.

Here’s a link to the video. (Arabic, unfortunately – feel free to contact me with an english translation!)

The first economic forum ended yesterday, with this interesting tidbit…

The issue of oil and gas and the role of banks in Iraq were discussed during the forum,” al-Hashemi said in a speech during the forum’s closing ceremony.
“The role of banks is very week,” he added.
“The forum came up with recommendations that will be announced later,” he pointed out.

Link to original story on Aswat al-Iraq: here.

This is an amazing time in the history of the Iraqi Dinar. The CBI (Central Bank of Iraq) website is down. Why would the website be down? Several knowledgeablemembers of the Dinar Speculation crowd have mentioned that an RV could be coming very soon. Interesting times indeed!

For those of you reading here for the first time, please have some patience as the site is being developed more on the backend than on the front. Once everything is in place, you will be able to quickly reference tons of valuable information regarding Iraqi Dinar and the circumstances surrounding the possible revaluation of the currency.