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…
So – what’s up with the $1.49 Iraqi Dinar RV?
A couple nights ago, many of our phones began ringing – off the hook. Mine rang so much I eventually changed my voicemail to state my answers and I turned it off. The next morning, my voicemail was full, and everyone wanted the same answers – IS IT TRUE?!
To date, we still don’t know exactly why more than 4 currency exchange and information sites were showing a rate of $1.49 USD for every one Iraqi Dinar. Everyone has an opinion, and my official statement is this – the dinar exchange rate was a result of simple human error.
But why did it show up on FOUR major sites?!
I hate to be a nay-sayer, but all 4 sites people are using as examples are not “major”. In fact, only one has a heavy presence on the internet, and it appears to be pulling data from the same place all the other sites were pulling from. This means that when one site accidentally plugged the wrong number in for it’s conversion values… every site pulling data from it instantly showed the same human error. Unfortunately, when the information got changed, it wasn’t effected instantly across the web. Google still shows cached pages reflecting a $1.49 rate on the Iraqi Dinar, and I know one site hasn’t even bothered to pull the $1.49 rate as of right now, even though it is obviously not an official exchange rate for the Iraqi Dinar.
So – are you saying the Iraqi Dinar won’t Revalue?!
Absolutely not! In fact, I’m seeing a lot of very positive news coming from news sources AND personal contacts in key positions in Iraq and the US. I don’t personally believe it’s going to bust out at $3.00, or even $1.49. It’s a lot easier to believe it would revalue at $.0.10 to draw out some of the currency, and then raise over time to a more realistic value of $2.00. Think about it – if you could buy a house for $20, would you pay $100? Heck no! And that’s the position Iraq is in if they revalue the Iraqi Dinar – they’re bidding on their own currency, and they will be “buying” it back from investors.
Looking forward to the comments, stay tuned for another article on the UN support and a few other key announcements. Also – see you in dinar chat tomorrow.