Iraq Dinar Speculation

We get a LOT of emails from individual readers and investors regarding dinar rumors. Some are tips about a rumor, and others are just asking what the latest “Dinar rumor” is, so we figured it would be a good idea to make one central place to discuss dinar rumors.

I would suggest bookmarking this particular page so you can find it easily, and we’ll also link to it from the side column of DinarSpeculation.com. Please add your questions about the latest dinar rumor and also post information you come across regarding the Iraqi Dinar below! This doesn’t have to be 100% dinar news, unconfirmed and confirmed dinar rumors are ok. (Of course… a confirmed rumor isn’t really a rumor, is it?) We will use our contacts to verify or debunk any hot dinar rumors, but as always – the help of the readers is invaluable and we need you to post here!

Best regards,

Dinar Speculation Team.

nmc.gov.iq, in a google translated article, apprears to announce the deposit of 47+ billion in unfrozen assets. Unfrzen or released assets might be a good sign regarding the Chapter 7 restrictions, but there’s been no confirmation of this yet.

Alsumaria reports that the max retiree income has been capped at 220,000 Iraqi Dinar and a max addition of 70,000 dinars may be given to first class workers who retired before 2008.

Is that per year, month, or day? Inquiring minds want to know!

The last Dinar Speculation article talking about Chapter 7 and why Kuwait would not want to let Iraq out of Chapter 7 is being confirmed with a few new articles released today. See the original article on DinarSpeculation and make comments here.

Iraqi parliamentarians urge Kuwait to reconsider it’s stance, but Kuwaiti FM is viewed as closing the door on those talks. Link to Alsumaria Ariticle.

Iraq asks Kuwaiti officials to reconsider it’s position on Iraq’s debt to Kuwait, Kuwait does not agree with the proposals – Alsabaah Google Translated page.

Will Iraq get any support from Kuwait to get out from under Chapter 7? Our opinion is “not anytime soon”. Iraq currently owes Kuwait about $25 billion. Iraq’s debt to the world as of 2008 was over double that, but many countries have forgiven Iraq’s debts in favor of investment opportunities and growth of the country. Kuwait has not decided to join that club.

With all the confusion that stems from information found via translated pages on the net, it’s nice to see an article and a statement of this caliber posted on a major network. As reported on Fox News.com yesterday, Iraqi Prime Minister Nouri al Maliki is visiting the UN today to meet with U.N. Secretary-General Ban Ki Moon. Tomorrow he will be meeting with US President Obama.

Iraqi Foreign Minister Hoshyar Zebari told Fox News that Ban Ki Moon would be presenting a report to the Security Council next week and Iraq will be released from all 73 UN resolutions and Chapter 7 sanctions “this summer”.

Iraq is currently forfeiting 5% of their oil revenues to Kuwait as part of the Chapter 7 arrangements, but Zebari says:

“Coming out of Chapter 7 will not disadvantage our Kuwaiti brothers,”

My question regarding that statement is this: While it may not disadvantage Kuwait, if Iraq is no longer forced to pay that 5%, isn’t that a less desireable situation for Kuwait? What does Kuwait have to gain by going along with releasing Iraq from Chapter 7, when they are collecting 5% while Iraq stays under Chapter 7?

Quick update on some site changes. There was a little confusion on the newsletter – many of you are subscribed via feedburner – if you get this message in your email, you are NOT on the newsletter group! (Unless you signed up for it separately). If you’d like to join that private newsletter group, you’ll need to go to the following page and enter your name and email again. Sorry for the trouble, but hey – it’s worth it! Here’s the link:

http://dinarspeculation.com/subscribe.php

Next, DinarSpeculation is now available in a few different languages. Scroll down any page and look at the bottom of the right column for the text “Translator”. Pick the country flag associated with the language you want, and voila! Dinar Speculation is now in that language.

Stay tuned, an article on Chapter 7 is coming soon.

Hey all, Adam Montana here. I hope I’ve been able to answer everyone’s questions over the last week or so, it’s been very hectic on our end! I’ve received over 300 emails regarding some of the exciting news that’s out right now and it’s been a bit overwhelming. Because of this, we are setting up an email newsgroup.

If you would like to join, here’s good news – It’s free! Your email address is secure and we will never share it.

Rather than responding to individual emails in the future, we are going to post the most frequently asked questions online and let everyone know where to find those answers. Also, we will be sending out an email to all members of this group as soon as big news hits.

Please look on the right hand column of this site to find the form – simply enter your first name and email address, then check your email to confirm your membership. That’s it!And stay tuned for more updates, there’s some good behind-the-scenes work going on here at DS.

-Adam

Veterans of the Dinar Investment will already know most of this information, but there’s always a newbie out there that needs information. For that reason, we’ve put together a quick 3 step guide to opening your Warka Savings account. With a Warka Savings account, you can earn 7% or more in interest, invest in the ISX, and hopefully be protected from a possible in-country only revaluation of the currency.

It is the opinion of many Dinar Speculation contributors that the wisest approach to the Iraqi Dinar investment is to be invested as many ways as possible, rather than putting all of your eggs in one basket. See the following to get started with your new Warka Savings account.

Link: http://dinarspeculation.com/did-you-know/how-to-open-a-warka-account-to-invest-in-iraqi-dinar/

Hot on the heels of the Dinar Speculation article/tutorial on how to invest in the ISX, we now have news that four more companies are eligible for digital trading on the Iraqi Stock Exchange. The companies are: Baghdad Hotel, al-Weam for Financial Investment, al-Batek for Financial Investment, and al-Khayr for Financial Investment.

Stay tuned, we will have a good tutorial coming shortly that will outline how to choose and track Iraqi Stocks. Enter your email up top to join the mailing list if you want instant notification.

We’ve had a lot of requests for information on how to invest in the ISX (Iraqi Stock Exhange) – so here’s a quick start guide.

Enjoy! http://dinarspeculation.com/did-you-know/how-to-invest-in-the-iraqi-stock-exchange/

As always, translated pages are subject to interpretation and mistakes can be made, BUT… I like this one!

Advisor Mohamed Saleh tells the press,

the official announcement of the withdrawal is a recognition of the improved security, a fact which serves the starting point of monetary policy and contribute to the enhancement of the value of the dinar against the dollar… (link)

Earlier last week, Dr. Mohamed Saleh also stated that it would be of benefit to consider where 95% of Iraq’s income originates – oil.

The benefit of the central bank is to determine the relationship of the Iraqi dinar currency other than U.S. dollars… (link)

Sounds like Dr. Mohamed Saleh is keen on increasing the value of the Iraqi Dinar against the US dollar, and perhaps he’d like to peg it to oil instead of the USD.

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