Hello again, Adam Montana reporting for duty on www.DinarSpeculation.com!
It’s been a wild month already, and many indicators are pointing towards a quick end to the Dinar rollercoaster. If this is your first visit to the site, do yourself a favor and enter your name and email in the newsletter signup box – it’s free and you’ll get instant notification of Iraqi Dinar Revaluation – trust me, you need that Dinar news! This is the one investment that can make you very wealthy overnight, with very little relative risk. Not only can it happen overnight – there’s heavy speculation that it will be tonight or tomorrow night. Get on the email list! Today I will cover a few Frequently Asked Dinar Questions and talk about the recent events bringing Iraq closer to having a real currency. Yeah, I know – the Dinar is “real” already. But it’s not traded on the FOREX yet, and it’s not internationally recognized… so it’s not as “real” as it will be soon.
So, who the heck are you?
That one is funny, and I get it a lot. Simple answer is I am Adam Montana. I am a Harvard Graduate and a self made man, 48 years old. I specialize in investments, dabble in web development, and have a wonderful family that receives the majority of my attention.
OK Mr. Montana… why do you have this Iraqi Dinar information blog?
The simple answer is “I enjoy it!” I research foreign affairs and investment opportunities every day, and the Iraqi Dinar is by far my favorite topic. As I learn about the Dinar, I am presented with the opportunity to share with thousands of people what I’m learning… and I do that by posting what I find on this blog. If you like what I report and my “no B.S.” approach to the Iraqi Dinar topic, please bookmark the site and even share your comments on the articles!
Fine, Adam, thanks! Now let’s talk about Iraqi Dinar.
Let’s get started with some commonly asked questions. I know I get these same questions over and over again in our dinar chat room, so this will be a good place to start.
Do you know when the Dinar will RV?
Nobody knows that, and anyone who gives you a specific RV date and rate is probably lying to you. I’ve built a huge following by not b.s.-ing the readers here. I write about factual events and give my honest opinions.
Thanks for the honesty. Is the Dinar a safe investment?
This is a great question! I have strong faith in the Dinar, I believe at the very least you will see a 100% return on your investment over the next 5 years. That is the VERY LEAST!!! Study the history of the Dinar, and you’ll see that it could be MUCH more lucrative than that. However, be smart – don’t bet your rent money on it. We ARE dealing with Iraq here!
Wait a minute… are you trying to pump up Dinar Sales?
Haha! No, not even a little. I don’t sell Dinars, I don’t care if you buy them or not. I just want you to know as much as possible so you can make up your own mind about the Iraqi Dinar.
What is CBI?
CBI is most often “Central Bank of Iraq”, not to be confused with Commercial Bank of Iraq or Credit Bank of Iraq.
What is TBI?
TBI is Trade Bank of Iraq. Although TBI is a state owned bank, like CBI, the Trade Bank of Iraq’s focus is on international trading and lending. TBI was created in July 2003 after the expiration of the Oil for Food program. The bank opened in November of 2003 and quickly established lending credit with 134 prime bans throughout the world. TBI was the first Iraqi bank to join VISA, the first to bring ATM machines to the Iraqi banking world.
How are CBI and TBI different?
CBI (Central Bank of Iraq) focuses on monetary policy and the actual currency of Iraq. They also issue permits and supervise other Iraqi banks. In a way, the CBI is the top of the banking ladder in Iraq. Heading the CBI is another name you’ll hear quite often: Dr. Sinan al-Shabibi. TBI (Trade Bank of Iraq) is independently owned by the Ministry of Finance, which is headed by another name you will hear quite a bit: Bayan Jabr. In recent news, TBI is the first Iraqi Banking institution to engage in trading on the FOREX through a newly established contract with Thomson Reuters.
What is the Ministry of Finance?
Ministry of Finance and Banking in Iraq manages Iraq’s debt, establishes budgets, and also handles economic policy. Bayan Jabr is Iraq’s equivalent of the U.S. Alan Greenspan, you could say. OK! Don’t feel bad if some of that was confusing – Iraq takes time to understand. On the other side of the coin, please don’t throw eggs at me if you already knew all of that – I get a lot of newbies asking those questions, and I want to help everyone! Now that you’re a little more up to date on some basic facts in Iraq, let’s talk speculation.
Is the IRAQI DINAR on the FOREX?
No, it’s not. Let’s be realistic, though – how COULD the Dinar go on the FOREX if Iraq itself wasn’t able to take part in the trading of their own currency? IT COULDN’T, and it’s ridiculous to think that it would! When we see an RV that puts the Dinar on par with the USD or higher, it will be on the FOREX. Every investor in their right mind will be jumping on the IQD as soon as it’s listed next to the EURO, USD, and other tradable currencies. Next logical question: how could IRAQ trade on FOREX if they didn’t already have the technology in place? The answer is also simple: THEY CAN’T!
Summary of Current Iraqi Dinar Revaluation
As we all know, the EL (Election Law) was pushed through yesterday. I had advance notice of this, as I mentioned in chat last night. Had it triggered an RV, everyone would have received an email already, but we’re still waiting as I write this. Thomson Reuters and TBI are moving forward with their FOREX agreement. I have an update coming shortly regarding the Chapter 7 restrictions Iraq is under right now. (Actually, it will be a small eBook – but I’ll be giving it away for free.) The revaluation of the Iraqi Dinar is not a couple of sticks leaning against each other like a kids attempt at making a teepee. It has to be a well constructed HOUSE that is capable of withstanding storms, heat, cold, and more. Stability in the country is the foundation, Political momentum is the framework, International banking capability and FOREX technology is key to the wiring, Chapter 7 is a big bow wrapped on the outside of this present that’s just ready to be taken off. I hope I’ve helped you all to understand the current situation in Iraq a little better. Have faith, and stay tuned: things are happening fast right now.