Sorry about the goofy title… there’s a slight chance I’ve had a bit too much coffee this morning. I have a lot to do! I just made a thread in the forum, see it here. I have a couple of items regarding Iraq that I’d like to break down – thoe are coming shortly. And best of all… I’m decorating the house today. Christmas lights, friends! Christmas lights need to go up!

TBI (Trade Bank of Iraq) joins FOREX

This is awesome news! A major part of bringing Iraq from the depths of the chaos it has endured over the last years is modernizing everything about the country. This includes their banking, stock exchange, investing, technology, and eventually their financial state. Once all the peices fall into place, can anyone doubt that Iraq has the potential to be one of the wealthiest countries in the world? Although the road has been long, this is a great step forward.

For more information on Iraq’s progress in joining the FOREX, see this article on Thomson Reuters. Link.

AsiaCell, a major Iraqi wireless company, featured on CNBC

Asiacell was recently featured on CNBC as a prominent company in Iraq to keep an eye on. It has been mentioned that if or when the company enters the Iraqi Stock Exchange, it could quickly double the volume currently being traded on the ISX. I’m keeping an eye on this and likely buying the first chance  get.

Iraqi Elections possible in February

We awaited news regarding the Election Laws all last week, and received very little word on the progress. To date, we know that they reached a sort of compromise. VP Hashemi had vetoed the Election Law proposal because he felt too few Sunnis were represented. The bill allowed for 5% representation of absentee Sunnis, Hashemi wanted 15%.

Rather than give in to that request, it appears that a sort of compromise has been reached. Instead of giving more votes to the Sunnis, they are considering taking away a portion of the Shiite’s influence.

It is unlikely at this time that elections will take place before the end of January, as required by their constitution, because of holidays at the end of the month. Elections COULD take place mid February or early March, though. This is very likely to be the case.

One of the questions I get a lot is this:

“Does it matter what size Dinar notes I have”?

To answer it simply – it’s not the size of your note, it’s how you use it. (I can’t WAIT for this topic to be brought up regarding the Dong! You know… the Vietnamese Dong? It’s not the size of your Dong, its… nevermind.)

True to Dinar Speculation tradition, your buddy Adam Montana is here to help break this topic down into small bite sized chunks.

Dinar Basics: History of the Dinar.

In 1932, the Iraqi Dinar was equal to USD $4.86. From 1932 to 1973, the Iraqi Dinar was valued from $2.80 to $3.39. 1974 to 1985 the Iraqi Dinar floated from $2.80 to $3.39.

In 2001, war disrupted oil production and the value of the Iraqi Dinar fluctuated between $0.33 and $1.32 from 1986 to 2003.

Since the overthrow of Saddam Hussein’s regime in 2003, Iraq has been in turmoil and the value of the Dinar dropped from its previous strong position to a low $0.00027. To date, the Dinar has risen to $0.00067… more than double its value 6 years ago. While that’s impressive on it’s own, that’s nothing compared to what economists project for the future of the Dinar.

Many experts speculate that the Dinar could appreciate from $0.10 to $2.80, and possibly overnight… which is why the majority of us are involved in this topic.

Current Dinar Value

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Iraq VP Al-Hashemi vetoes election law

It can get REALLY confusing when you’re trying to keep up with what’s going on in Iraq, with the two Vice Presidents doing one thing, Iraqi Parliament doing another, the Iraqi President vetoing this and pushing for that… so what’s really going on over there with this dang election law?!

Quick history, for those of you just joining. The elections in Iraq need to take place in January for progress to continue smoothly. After many heated debates, Iraq Parliament finally agreed on a law that would encompass the upcoming voting for said elections. This should have cleared, but Sunni Iraqi Vice President Al-Hashemi vetoed article 1 in the proposal, insisting that the percentage of displaced Iraqis (mostly Kurdish) were not adequately represented. (Only 5% of displaced Iraqis were being given votes, VP Tariq Al-Hashemi is suggesting 15%).

*Big breath……*

The UN is supporting a constitutional move to secure voting standards (i.e. the law Al-Hashemi vetoed).

Shi’ite Parliament legal committee leader, Baha al-Araji, insists the constitutional court’s ruling is valid and the vice president’s veto was uncalled for and unconstitutional.

Iraqi parliament leader Iyad al-Samaraie states that the legislators are considering overruling VP Al-Hashemi’s veto.

Iraq’s Prime Minister Nouri al-Maliki says the veto is  a dangerous threat to democracy and political process.

Iraqi President Jalal Talabani admits that Joe Biden and other US Officials are pressuring Iraqi Parliament to find a solution and proceed with the elections.

Now, the million Dinar question IS:

Do you believe the elections will take place in January, or will they be delayed?

And the TWO BILLION DINAR question:

Do we NEED the elections to be secured before we see movement on the Iraqi Dinar?

First of all, I’m a bit ticked right now. I’m upset that the mainstream media takes something that could be nothing, and twists it until it still resembles the truth, but is far from it at the same time. Did you ever notice how the media will completely skip stories of hundreds of good deeds… and embellish the horrible news? It happens all the time, and the main reason is this: SALES. Every single news agency out there is in competition with each other, and the ones with the most dramatic headlines are the ones that sell the most advertising, which makes them successful.

People see a headline that announces a good deed, and they smile and walk on by. Maybe they feel good inside, maybe they feel the need to do a good deed as well, because so much is right in the world… but they don’t buy the newspaper. When you see a headline that describes horrible news, though – you buy the paper and take it with you, planning on reading every detail at the first possible moment!

It’s sad, but it’s true. Pain and misery sell a lot more papers than happiness and good deeds. Case in point: how often do you hear about all the GOOD things happening in Iraq? Need some examples? Take a look here at why Iraq is a good investment. That’s stuff you simply don’t hear about from the mainstream media, because it doesn’t sell papers!

This is just as true when it comes to Iraq as it is to our homelands, wherever we might be from. Enough of my ranting, though – let’s talk about the news that Iraq VP Tariq al-Hashemi has vetoed the Iraqi election law. That’s what all the articles are stating, right?

Actually, that’s not true at all. (more…)

Hey everyone, thanks for stopping by DinarSpeculation.com, my name is Adam Montana. If you’re new to the site, you may want to enter your name and email up to the right to get on the newsletter – it’s free and you’ll get instant notification when significant events regarding the Iraqi Dinar occur. If you’re new to the investment, or the dinar currency speculation, you can learn more about Iraqi Dinar here.

Quick announcement – things are heating up, so Sonny and I are doing TWO scheduled briefings in dinar chat starting this week. The new dinar chat times are 9 PM Sunday and Wednesday, Central Time. Even if you can’t make the chat, joining the dinar forum is a great way to get involved in the community. The DinarVets forum members offer a lot of valuable information every day, and the chat goes 24/7 for anyone that wants to get on it.

On to the $1.49 Dinar RV rumor…
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More than two years ago, China and Iraq began discussing how to handle the huge debt Iraq carries. The huge debt I speak of is about 8.5 BILLION USD, or currently 9.7 TRILLION IQD at the Dinar Currency exchange rate of 1:1147. The deal is not officially signed, but central bank advisor Hassan al-Haidari has stated that they are in agreement with the terms China set forth.

China has been a major part of the evolving Iraqi situation, and as China’s consumption of Iraq’s crude oil rises, so does their stake in the countries stability. The terms of the deal have not been announced, but we can be assured that the return on this 7 Billion USD investment will be substantial.

Anyone think these two things might make an impact?

First – the Iraqi Election Law passed yesterday, which will open the doors for national Iraqi Elections in January. The law was being held up primarily due to the Kirkuk territory dispute, which you may also remember had prime impact on HCL progress. While the dispute over the territory has not been fully settled, Iraqi officials have found a way around the issue. They plan to use voter rolls from 2009, rather than 2004. Although the decision is a win for the Kurds who are claiming a majority over the oil rich area of Kirkuk, the debate is not yet concluded. This is still great news, because it means elections are going forward as hoped!

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Next on the list for today – SATLYNX And ARABSAT have teamed up to provide a foundation for Iraqi banking. Why do we care? Take into account that the ISX is now digital, banking process is currently a turtle race in Iraq, and with a massive amount of good news coming from the progress section of Iraqi News, and you almost have no choice but to say that this is a big step.

After all – when they make a move on their currency, I sure hope I can get quick service on MY investment.

Leave your comments please!

One of the topics that I get the MOST feedback on is how many people think this investment is a scam. Listen up, readers – I’m going to set the record straight once and for all about this Dinar Currency Scam.

First you need to know about the Dinar Currency and what the hype is about. The Iraqi Dinar Currency that is used today in Iraq is arguably the most sophisticated currencies in the world. The technology that makes it almost impossible to effectively produce usable counterfeit dinar currency is amazing. When checking your Dinar Currency to spot fakes, you can check for:

1. Metallic Ink
2. Embedded security Thread
3. Horse Head Watermark
4. Color Changing Symbol
5. Ultraviolet Feature that glows the Denomination Value (Currency amount)

Now you know what to look for in your Dinar Currency, so what about the investment itself? Is investing in the dinar currency a scam?

Well, that’s a tricky question. First – look at the source of your information. If your intel is suggesting that you will be made rich overnight, tonight, guaranteed – you’re a victim of hype and you’re probably going to be disappointed. The simplest concept you need to understand when talking about the Dinar Currency is that nobody is going to be able to tell you exactly when it will revalue.

But does that mean the Iraqi Dinar Currency hype is  a scam? Absolutely not!!!

Here are a couple of very real facts. Iraq has a majority of the world’s natural reserves and crude oil, putting it on the same level as Saudi Arabia and Kuwait. If you know anything at all about Saudi Arabia and Kuwait, you should know that their currency is very valuable and their natural resources are the reason. So, why isn’t Iraq as rich as Saudi Arabia and Kuwait? That answer is simple – they only recently established a stable government, elections are now being held successfully, and the march towards financial recovery is progressing steadily. Crime and terrorism is lower and lower all the time! And just as importantly – the Iraqi people are unjustly impoverished as a result of the recent chaos, and they cannot remain in that situation for much longer – not when they control a major amount of the world’s “black gold”.

The question, then, is “When will the Dinar Currency of Iraq Revalue?”

My guess is soon… very soon. This investment is not a scam, but you must be prepared to wait for things to happen. It may revalue, or reinstate, to a previous level which would make many of us rich overnight… or it might grow slowly, over time, giving a nice return on an investment that many of us were smart enough to make. One thing I do know, for a fact… the Iraqi Dinar will not stay at 1170 forever.

Feel free to post specific questions in the comments section, and best wishes to us all. Feel free to subscribe to the newsletter if you’d like occasional Dinar Currency and news announcements sent to you.

-Adam Montana