Iraq Dinar Speculation

In my opinio Adam this will rv just before elections, maliki wants to be the”hero” in getting iraq out of misery.

Joe, I hope you are correct. As much as I’d like to see 1 IQD = 1 USD, I think 1 IQD = .20-.35 USD is more realistic, at least until they get back enough of the large denominations. I opened my Warka account already and I am Ready for anything.
Thanks for the info Adam. It’s always appreciated on my end.

Adam, How can I deposit already purchased dinar into a Warka account?

I have same question as Jeff. Thanks

thanks Adam everything you are saying makes very good sense.

Adam

So far all of these answers are very generic in nature and are offering no new insight to a revaluation of the dinar. I appreciate you taking the time and money to travel halfway around the world, to get information, but it doesn’t appear you have any new information that we haven’t read about already. Iraq doesn’t need to RV their currency to achieve financial success. Yes, it would help them, but with their oil they will achieve financial success without a RV. So, why does your contact think there will be a RV.?

great info Adam, can you explain to me the benefits of opening an Warka Account and how?

Thanks for informing us,Adam.

Hi, Adam:

One of my questions and thoughts along with it is didn’t maliki promise no unemployment by the end of 2009 and if so, how can this possibly be done without the RV? Also, if he doesn’t make good on this promise, I would think the Iraqi people would be forever upset with him and not likely to endorse his election even if in January…promises not kept have far more impact on a person’s intellect especially if it has to do with your next meal…your thoughts? Thank you ahead of time for your time.

Have another question if possible, Adam. The recent article on the IMF SITE…www.imf.org
about Iraq’s very recent participation in the GDDS system.

My belief is this is in preparation for an RV, your thoughts on this? Also, since this was implemented in December, my belief is the RV would happen in December. Again, any insight on this will be greatly appreciated…thanks again.

Adam, thanks for the well thought out and presented post.

Joe, I hope you are right. This is sadly reminiscent of our conversations a couple years ago when we all thought Dubya would get it done to make himself look like a hero. He even said that the budget would be balanced before he got out of office. Then we thought it would be done before the November elections to help the Republican party win the presidency and congress. We know that both these assumptions did not pan out.

Merry Christmas and a blessed and prosperous New Year to us all.

Adam, keep up the good work, just tune out the haters to many truely appreciate what you have done

Adam,

I want to thank you for allowing me to be a fly on the wall in this thing. I have not been an IQD investor very long, but I find your site and chat room very informative. I have only responded to a couple of things in the chat room because candidly I simply want to “listen” and learn. I think the decision you made last night in the chat was dead on. There were several people there that simply have not reached the level of maturity I would expect on this type of forum.
I will continue my own research and your site is a part of that, so I just wanted to say thank you.
Sincerely,
ToddS

I read a book called the cash flow nexus it deals with world economics from 1700-2000. To sum up what I learned about fiat money from the book. The value of fiat currency is based on three things.
1. The stability of the goverment that prints it.
2. The strength of the economy which supports it.
3. The power of the military which defends it.
This is the value of fiat currency in its simplest terms. a proper understanding of these factors will shed new light on the iraqi dinar situation.

How stable are the printers of the dinar?
What is the economic strength holding the dinar up?
HOw powerful is the military defence of the dinar?
When the powers that be have filled in the blanks as they wish them to be the revalue will occur. When that will be no one can say.

I have had a Warka account for over a year but I’ve not had great success in getting info on moving funds should an RV occur.

Adam, Could you please explain a Warka Account, and where do we go to open one? Do all banks have these accounts? Is it a special account just for the Dinars? Thanks, Fred

Adam, Thanks for the helpfull information, I had posted several times in the past couple weeks the same setiment you reported. That the Dinar would RV at a very low rate, like .10 to .50. And did I get slammed, almost all said no two or three dollars. I also explained that the conversion money had to come from some place and that Iraq would not have oil money for several years, IMO, but the Dinar could go up substantially as the oil money comes in. Again it was hard to find someone on the board that agreed. I am 80 years old and have done business all my life and have a little common sense, all one had to do is think about it.
Again, Thanks Adam and a Merry Christmas and Happy New Year (Celebrating Christ Birthday)

Look Fine

is there a number to call you at?

Thanks for your information. I think your info sounds more realistic than most. I have not been on your site much and do not know what a Warka Account is. Can you explain or tell me where to find that information.

Thanks for the explanations. I rely on this site to understand the workings of the Iraqi finance system. YOu have done a great job of helping me wade through what would have been otherwise murky waters.

Can you tell me about the Warka Accounts? Or send me to where I can learn what they are? Is that account wise and could you lose your Dinar if you give it to them?

Thanks Adam for all the info, it’s all coming together.If we don’t speak before christmas you and your family have a very blessed christmas.

Adam,
if there is a 6 month window to cash in the large notes, are you being forced to cash in at that time even if the dinar has not increased more in value?

I keep reading about a Warka account. What is the importance of this account?

Most of these questions have been answered on the site, including the questions about Warka.
.
Here is a quick writeup on Warka: http://dinarspeculation.com/did-you-know/how-to-open-a-warka-account-to-invest-in-iraqi-dinar/
.
Regarding the window to cash in,Ken Gould, I apologize for the confusion. I meant you would have that window after an RV, when 25,000 Dinar notes would be impractical. You don’t need to worry about it until the Dinar gains value.
.
Don, I’m sorry – I’d get 3000 calls a day if I gave out my number!
.
More to come soon, Merry Christmas everyone!

What is a Warka account????? I see alot of your readers opening one and if it is a good thing maybe I should think about it.

Adam, how does Iraq being accepted into the World Trade Organization affect the RV?

Do you have to have a Citi Bank Account to wire money or can you wire from any US bank account to Warka?

I HAVE SOME DINAR IN A SAFE DEPOSIT BOX. WHEN THE DINAR HAS AN RV WHAT WILL I NEED TO DO TO CONVERT MY DINAR TO DOLLAR? DO I HAVE TO HAVE A WARKA ACCOUNT ? CAN I TRANSFER MY DINAR, THROUGH A BANK HERE IN THE STATES ?
THANK YOU FOR THE INFO YOU PROVIDE.

Hi Adam,

Did your contact have any information on the affect of a single currency in the Gulf as described in this article in FX University Daily on 12/16/09?

“The Gulf monetary union pact has come into effect,” said Kuwait’s finance minister, Mustafa al-Shamali, speaking at a Gulf Co-operation Council (GCC) summit in Kuwait.
In other words, they are ALSO talking about a single currency. At this time, they are still debating which currency this new Gulf currency will be pegged to. Now they have been discussing this new currency for years now, so it’s not really breaking news.

But still, the timing of this pact is quite disturbing.

With the recent Dubai debacle, the formation of this new Gulf monetary union and potentially a new currency is being seen as a breakthrough in the stalemate while UAE and Dubai have grown weaker. Also, the new Gulf monetary union will set up its headquarters in Riyadh, Saudi Arabia.
And we were led to believe that Saudi Arabia is a strong partner of the United States. The deep economic ties and historical ties are being tested and the cracks are appearing clearly.

Ashish Advani
Portfolio Director, CUC.
FX University Daily

Adam,

Could you elaborate further on cashing in the larger denomination Dinar? Does that mean after RV you have to cash out your 25K notes or can you trade them for smaller denominations to be traded later? Thank you and Merry Christmas!

Hi Adam, may i ask you if i can use my driver’s license as my Government ID as i do not have a passport? Or if not, what other government ID would be acceptable? thank you .

I do not think the dinar will come in below .32 or .33 cents. That is what it was when Saddam had his dinars and the people in Iraq, what ever amount of Saddams dinars that they had was replaced to them with the new dinar at know cost to them. If the dinar comes in lower than that, these people will be mad at the U.S. for making them lose money, if it was to come in higher than the Saddam dinar, then they would be happy with the U.S. I do not look at the 3 dollar range that I have heard, but I do believe .50 cents up. I had heard from some sight at 1.12 to 1.85, I can see it in that range. I would believe that Iraq would want the dinar to come in pretty high to let the rest of the world to know that they have come back, if they came in real low, it would make them look bad to the rest of the world, like saying you are in know better shape than you were in before this.

Hi All
I beleive that the dinar is now getting well out of hand, first i beleive the notes were printed as high doms so it is easy to knock of the zeros on the rv, same as other countries have done, basicly if you have 25000,10000 & 5000 it will be a race to get shot of them & the rv will reflect this to gain back billions of currency, should you not cash in say good bye to them.
All hell will be let loose when the rv goes of so i realy dont think holding physical dinars is a good thing, sadly thats what i have.
I have tried many times to open warka account but no joy even emailed muhammed personaly but got no reply.
It is impossible to place into an account physical dinars so again this will become a massive problem when things do go the right way.

Life is a game so play it well

So Adam..
I guess you have not looked into my being banned
from dinar vets?
I would have suspected you to have a little more
respect for my request since I have stood behind
you like a brother!
I have always felt that Dinar Vets was the first and last place for me to hang my Dinar Hat.

I guess what I was feeling was a mistake, because
I was banned from the chat for NO REASON PERIOD!

I hope you have a wonderful and safe holiday

-DinarBoogey

Adam, you may not have predicted and rates or dates, but people on your monitor crew sure did. This is a direct reflection on you & you may want to consider replacing those who have pumped premature info down the people’s throats. As for truth, you yourself said before you get back from Dubai you may have incredible news. So, where is it?

adam i really apreciate what you do for us. without your info i would know nothing about rv. so thanks so much for all you do for me and all the others.but after you got off last night there were some that ran you down very bad and it really made me mad so i x out shortly after that.adam what you do for us is a privilage like a charge acct.not mandatory of you.i would like to see moderators ban these slamers and people with all tehbadcomments toward you leaders banded
permanantly.
thanks for what you do for us again
keith watson

I have an answer for Brian.#28 Any bank that will wire tranfer, can use Citibank as the intermediary. I don’t know if all banks offer international wire transfers. I only know my small bank suggested that I go to a larger institution for this type of service. So I then needed to open an account with US Bank and as a new member was able to get it done. Warka provides all the information necessary for the transfer. I never needed to open an account with Citibank.

OK, I understand “how” to open a Warka account but the “Why” is still not clear.
What I have been able to figure out is that this will allow us to hold onto our Dinar until it reaches a level where we want to convert it to US dollars. Am I getting this?

Adam, can you elaborate on the time period in which to cash-in the larger notes, and are we required to accept the lower RV at that time or can we turn in larger notes for smaller notes at rate we bought them to cash-in at a better rate?

Adam I’m not really concerned with the Dinar RV because I know it has to happen eventually whether now or later whether it be 50 cents or 3.00 what I want to know is if Malaki is holding out so that the RV can be used to insure he is reelected this upcoming election.

Good evening ADAM.

If what you say is true,about the low end of the R/V and having only six months max to cash in all the twenty five thousand notes.and also you mentioned that it will gradually climbed to a higher rate of return.then all of the dealers will seize to sell any Dinar at all.for instance,if it Revalued at .80 cents tomorrow and we only have up to six months to exchange,who in their right mind would sell any IQD for no value and turn around and exchange it for .80 cents US currency for every one Dinar we hold?that means all the people that hold millions of Dinar will be forced to exchange at the first R/V.We won’t be able to hold on to it and wait for the higher rate as it progresses.Or the Dealers all got together and came up with onother scheme to try to get people to buy more Dinars.after all,if it only R/V at a low low rate,people will want to have lots more of it to off set the return of their investments.

Any thoughts on the Iranians invading the southern boarder and posting their flag over the southern Iraqi Oil Fields contracted with Exxon-Mobil. Was this in process during your visit, or had you left? How much is this situation likely to effect or delay their plans to RV? Could this be one step MADDOG spoke about in the posts a few days ago with China, Iran, and Russia working to prevent/delay the RV inorder to weaken America. Have you had time to read that write up. Thanks for all your info.

adam you deffinitely have the best info , thankyou so much and have a great christmas ;
its allin GODS HANDS ,, merry christmas…thankyou

Does anyone know?
I have Iraqi currency. Do I need to deposit in a Warka account in order to get the revaluation?

How would I cash in my Iraqi Currency?

Who determines if a RV can happen IMF, GOI, or CBI.

Hello, I’m not really seeing a direct answer to people’s questions. I know we do not know a date or rate but when there been a contact involved from CBI, I would expect to get more information than what I’ve been hearing before you went to Dubai.

47.Patrick Says:

December 22nd, 2009 at 9:46 am
Does anyone know?
I have Iraqi currency. Do I need to deposit in a Warka account in order to get the revaluation?

How would I cash in my Iraqi Currency?

Basicly patric your like me stumped.

You cant cash them in till they rv, & then it will be so hard to do it will kill you trying.

Investing in Iraq phsyical currency as i have was & still is a massive mistake, odds on you seen the dollar signs when you first seen the chance & went for it, no all investors with the same problems as us are knackered

Adam:

Upon reading all the preceeding comments on your visit to Dubai and what transpired, the only practical conclusion that can be drawn is that those who have 25k notes should make every effort to turn them in for notes 5 Thousand Dinar or less than…. EVEN BEFORE the RV is rated. That way, we won’t have to be concerned with deadlines for turning those notes in, and, we will be able to transfer and invest the smaller Dinar’s with a minimum of hastle. What?

WDMCB are you sure you can buy smaller demoninations? The guy I called said he hadn’t been able to get smaller bills for over a year. 10 and 25K notes are probably all you can get easily, thats all DinarTrade sells.
Patrick I had the same questions, but mainly if you are holding 25K bills in your hand, how do you physically get them into the Warka account? No one has answered this other than saying wire the money. How do you wire bills you are holding in your hand? Doesn’t wire refer to an electronic transaction not moving physical cash?
Final thought, I believe if the dinar revals over 20 cents per dinar we have made a darn good return on our investment and even if thats all I get from my 25K notes, I’m happy….better than mutual funds.

Adam,

Just wondering is there a certain type of bank account I need to have before the RV? Also what is a WARKA account?

Hi Adam. I heard the Vietnam Dong and Zimbabwean Dollar are good investments too after Iraq Dinar. anyone here is interested in Vietnam Dong ( VND )and Zimbabwean Dollar (ZBD ). Now today, for 1 VND= US$ 0,000054 and 1 US$= 0.0026 ZBD. Anyone knows the history about Vietnam Dong and Zizbabwean Dollar. Tell me more any one here cause I am very interested to invest in Vietnam Dong and Zizbabwean Dollar. This sounds a very profitable investment, doesn’t it. anyone here…….

For those concerned about lower denominations and cashing them in.
I bought 1K notes from 5/3 Bank and they will also buy them back.

Ok guys this is my first time writing on here and i have only been a subscriber to this website for about a week. However as far as exchanging the dinar notes goes….from what i have heard is that when the Iraqi Dinar does RV you should be able to go to a middle eastern bank such as in Kuwait, Dubai, or some other bank and exchange them. Keep in mind you wont be forced to cash out the notes for USD but you would trade in one 25k iraqi note for 5 5k Iraqi notes. Another thing is that once the Iraqi financial system gets going more banks will be able to carry and exchange your dinar. As far as the actual RV goes and what it is going to be i have absolutely no idea but….i do think that they will come out with a small number even if it like .10 then in a few weeks or a month go up from there just so that they can try to bring in some of the larger notes quickly. But if it did go up to like 1.50 or more that would be super awesome cause i would then be known as a millionaire. I dont know a whole lot about this but i do know a little because my father in law runs a camp in Iraq and has heard a whole lot of stuff is happening and its happening fast. He should know hes basically lived there for the past 3 years. Hope we all get rich!!! I personally think this is the best investment one could ever make either way you cant lose. And heck if 10k USD can make me 5,10,15,or maybe even 30,000,000 USD then its a darn good investment.

TRENT:
I have the same questions and faced with the same dilemma. If the new smaller notes indeed have been printed and distributed, there’s probably not enough in print to export in an exchange and there also may be restriction (at this time) on the Dinar leaving the country…. which raises another question, e.i., Do the Iraqi Banks really have the mechanism(s) in place and ready to receive transactions from the US? I have my doubts. AND if they do, I think EVERYONE (on all levels) are waiting for the Elections to take place before the RV will be decised. IT ONLY STANDS TO REASON…… Hey, if the wrong people get elected…then what?

MERRY CHRISTMAS ALL AND MAY YOUR NEW YEAR BE FULL OF JOY. AMEN !!!!!!!

So are you saying the Warka Acct is a needed/required step in this whole RV process, and without same…large bills are at risk>

Hey Adam. I just heard that Zimbabwean dollar is also a good investment after Iraqi dinar. And,I just got very very little information about Zimbabwean Dollar and I hope this will help anyone here who may be interested in Zimbabwean Dollar because the rates changes daily.
1.)Changed daily due to hyperinflation
Redenominated currency 1 Aug 2006: 1,000
first Zimbabwean dollars ( ZWD )-> 1 second
Zimbabwean dollar ( ZWN )( NOTE: US$ 1= 500,000 ZBD.
2.)Changed daily due to hyperinflation.
Redenominated currency 1 Aug 2008:
10,000,000,000 second Zimbabwean dollars
(ZWN )-> 1 third Zimbabwean dollar ( ZWR ). ( NOTE: US$ 1= 758,530,000,000 ZWN ).
3.)Changed daily due to hyperinflation.
Redenominated currency 2 Feb 2009:
1,000,000,000,000 third Zimbabwe dollars
( ZWR ) –> 1 fourth Zimbabwe dollar ( ZWL ).
( NOTE: US$ 1= 669,000,000,000 ZWR )

Doesn’t anyone think that Zimbabwean Dollar sounds profitable investment?anyone here has some opinions tell me more……..

Dear Adam,
Your mods have also banned me from your chat/website.I have wondered aloud ( too loud )
how you could offer as proof that you were in Dubai? with a photo of someone with a hand written note on cardboard that ” this is proof”
I still am not sure of your angle on this Dinar spoof, but I am sure that you are getting more than you deserve. Now and in the future I hope.

Thank you Adam. Enjoy the Season of Good Cheer…

hi adam, i am new to your website, please excuse me if you consider my questions silly. in the questioning of your cbi contact you didn’t ask him how the exchange will go down after the rv. will we be able to go to our local bank and exchange our large denomination dinar notes for u.s. dollars? also, you asked your contact about the rv rate. you both believe it will come out at the low end, then you reversed yourself and said it could come out on the high end. you said it was all about control. what do you mean by control? thanks.

Adam,
how do I open a Warka account?

Gulf nations may opt first for dollar in currency union: The US dollar will be a dominant component even if a basket of currencies is chosen.
Four Gulf nations entering the Middle East’s first monetary union pact are expected to peg their single currency to the US dollar in the first phase of the historic project but might opt for a basket later.Saudi Arabia, Kuwait, Qatar and Bahrain, members of the six-nation Gulf Co-operation Council (GCC), have kept the world guessing on what type of currency they would adopt for their monetary union, which was ratified by their heads of state at their annual summit in Kuwait in mid-December.But there have been strong official signals that the four countries would not veer away from the US dollar in the first years of the monetary union.And some of them have indicated that even if a basket of currencies is selected, the US dollar would be its dominant component. And that the Gulf currency would be pegged to the US dollar in the first stages of the monetary union because it is the official price of their oil exports, which account for the bulk of their exports… a large part of their foreign assets is also denominated in dollar.”A basket of currencies in the early stages of the union would create several technical difficulties for them in their currency and fiscal policy alignment… I believe that a basket could be chosen at a later stage but I am confident the dollar will have the lion’s share, say at least 60 per cent of its components.” Gulf central bank
The central bank: governors of the four Gulf states will meet in Riyadh soon to create the GCC Monetary Authority, which will pave the way for the establishment of a common central bank to manage their currency union.The meeting in the next few weeks will cover steps to implement the union, including the formation of the Gulf Monetary Authority (GMA).”The meeting will be held within the next few weeks and it will cover the establishment of the GMA and naming of its members… It is expected the GMA will be set up within the next two months.”The GMA is the first actual step towards the full implementation of the monetary union… the GMA’s functions include the establishment of a common GCC central bank to be based in Riyadh and enjoy full autonomy. The basic functions of the central bank will be to devise and implement the union’s monetary policy and exchange rate policy. The GMA will continue to operate until it is replaced by the central bank once it is created and becomes fully operational.”The currencies of Saudi Arabia, Qatar and Bahrain are pegged to the dollar while Kuwait detached its dinar and linked it to a basket last year in a bid to tackle soaring inflation, caused mainly by the weakening US currency. Experts said Kuwait could revert to the dollar should its partners in the union opt for a dollar peg in their single currency, which could be launched in 2015.”Preparation for the full enforcement of the GCC monetary union will start next year and a common Gulf currency would materialise in 2015,” Abdul Rahim Naqi, Secretary-General of the Dammam-based Federation of GCC Chambers of Commerce and Industry.The UAE, the second largest economy in the 28-year-old Gulf alliance, pulled out of the currency union early this year. Oman opted out in 2007 on the grounds it is nor ready for the project. Dollar dominates:
The proposed Gulf currency will be pegged to the US dollar at the beginning because it is the official price of the GCC oil and gas exports and most of the region’s assets abroad are in US dollar.”they could adopt a basket at a later stage… this basket will of course take into account the size of the GCC’s exports and imports from their main economic partners. But the dollar will be the main part of it.”
the dollar, to which the GCC currencies have been effectively linked for more than two decades, would be the official peg to the new single currency in the first few years of the monetary union.”It is natural that the GCC countries peg the new currency to the dollar in the beginning since the dollar forms a large part of their trade and foreign assets. I think all regional and global conditions indicate that the Gulf currency would be pegged to the dollar. But this might change at a later stage, depending on what they decide for their currency. IMF help:The four members have already sought help from the International Monetary Fund on a possible revaluation of their currencies for the monetary union.In a working paper released recently, the IMF suggested slight appreciation of the currencies of those members against the US dollar but it warned any leakage of news ahead of the revaluation could spur damaging speculation.
“This paper developed from an informal request to one of the authors by a member of the GCC Secretariat for guidance on how to set the conversion values for the new GCC currency.”If hypothetically the GCC decided to establish the new currency in its original planned date, Saudi Arabia would need to revalue its currency by 2.94 per cent, Kuwait by 5.15 per cent, Qatar by 4.54 per cent, and Bahrain by 1.09 per cent. The methodology provides an estimate of the required adjustment for each currency if the conversion is to take place in 2011, 2012, or 2013.”that a sharp appreciation against the dollar would hit the GCC foreign assets. Another negative effect is that their oil sales are priced in dollar and an appreciation means lower crude export earnings in local currencies.”This will again put pressure on their fiscal systems and could create budget deficits when regional states have just reverted to surpluses after painful shortfalls for more than two decades.”In Saudi Arabia for example, oil revenues are earned in dollars and converted into riyal for budgetary spending. A revaluation would permanently impair the riyal value of oil revenues, reducing the size of the current budget surplus and accelerating the day when the budget falls into deficit. The value of the government’s mostly dollar-denominated foreign assets, currently in excess of $400 billion (Dh1.46trn), when converted into riyals would also be cut.” Foreign assets:Figures by the Washington-based institute of International Finance (IIF) showed the GCC’s combined foreign assets were estimated at $1.490trn towards the end of 2009, including nearly $1trn for the monetary union members. The official reserves of the four nations stood at about $490bn, including assets held by the Saudi Arabian Monetary Agency (Sama).the Saudi American Bank Group (Samba) also expected the new Gulf currency to be pegged to the dollar.”It is most likely the dollar peg continues to be the preferred exchange rate regime for the bloc in the foreseeable future. Faith in the peg is understandable. There are a number of good reasons why it may be adopted, not least the familiarity that it enjoys. “In particular, interest rate transmission signals are weak in the Gulf, given the preponderance of actual and expected government spending on consumption and investment decisions. If changes to nominal interest rates have little impact on the spending patterns of firms and households, then much of the advantage associated with a floating exchange rate is lost.”But it noted that this could change over a longer time horizon, as regional financial and capital markets broaden and deepen, thereby enhancing the potential advantages of a more flexible exchange rate at a later stage. Flexible rate:”In such conditions, a flexible exchange rate would help encourage a more robust, diversified and competitive non-oil export sector, which in turn could provide the spur to sustainable employment growth.It recalled a decision by the GCC nations in 2003 to peg their individual currencies to the US dollar and to maintain the parity until the establishment of full Monetary Union in 2010. A decision on the exchange rate regime for the single GCC currency would be made then.Despite domestic and global changes ever since, a fixed peg to the dollar remains the most plausible prospective exchange rate regime.It cited several reasons for this, including the fact that the new central bank would inherit a well-functioning anchor and associated monetary framework.It said the peg remains reasonably straightforward to administer and does not require the institutions necessary for an independent monetary policy.”Second, market participants are already familiar and – for the most part – comfortable with the peg. GCC countries’ individual pegs are well-established and have provided a degree of stability and comfort during times of oil price weakness or regional political stress.A third factor is that the GCC’s dominant export, crude oil, is already priced in US dollars while the fourth reason is that the group’s flexible labour markets should be enough to support international competitiveness.
Samba noted that a managed float has been proposed by some and its advocates argue that this would allow the countries to absorb large adverse real shocks more easily than a fixed exchange rate regime.”As such, sharp swings in oil prices could be offset by changes in the nominal exchange rate, thereby imparting some stability to the local currency value of export earnings. Similarly, the impact of higher import prices could also be blunted by exchange rate adjustments.”Beyond this, an autonomous monetary policy would allow appropriate monetary responses to domestic demand conditions. Thus if demand was in danger of overheating, nominal interest rates could be adjusted accordingly. The credibility of the float would be underpinned by the GCC’s vast stock of foreign assets.”an alternative version of the floating rate is a peg to the price of oil. The main argument in favour of this regime is that it delivers automatic accommodation to terms of trade shocks, while simultaneously retaining the credibility-enhancing advantages of a nominal anchor.”Its proponents argue that enabling the exchange rate to move in line with the price of the region’s dominant export would allow the real exchange rate to achieve equilibrium and would also decouple oil exporters’ monetary policies from those of oil importers.”Its detractors note that the price of oil is not truly exogenous, since the oil production policies of the GCC countries themselves influence the price. The volatility of oil prices would also present problems, forcing potentially sharp day-to-day swings in the exchange rate, making planning difficult.” Pressure to unpeg:In 2008, GCC countries resisted pressure to unpeg or appreciate their currencies against the US dollar after inflation rates soared to double digit levels in most members because of the weakening greenback and other factors. Their decision prompted a massive withdrawal of speculative funds deposited by international institutions in anticipation of a revaluation.
“We should acknowledge the firm position adopted by the GCC monetary authorities when they refused to end the peg or appreciate their currencies against the US dollar.
“They have firmly resisted speculation campaigns which have jolted the Gulf currency markets during the past 10 months… had they bowed to these pressures, Gulf states could have encouraged more speculations in the future and fueled expectation and speculation that local currencies could be depreciated after the US dollar starts to recover.”GCC states had succeeded in maintaining a stable exchange rate for their currencies over the past 23 years by keeping them pegged to the dollar.”This success has largely lessened exchange rate risks that could have discouraged local and foreign investors. The policy has also encouraged capital inflow and strengthened the credibility of GCC monetary authorities. As a result, speculations have largely receded and this will contribute to reasonable growth in the monetary aggregates in member states.
The M2 or money supply for Iraq is 50 trillion dinar divided by the rate of 1170 is $42.74 billion. as the total value of Iraq’s money supply.The population of China is 1.3 billion people. If each Chinese citizen owned $32.88 worth of dinar or 38,465 dinar they would own the total money supply of Iraq and more than twice the amount of dinar in circulation outside banks.If the average Chinese citizen just owned $14.46 worth of dinar it would be all the dinar in circulation outside banks.It is customary for the average Chinese citizen to save half of their income or approximately $4500 a year times 1.3 billion people is $5,850 billion dollars and 136.8 times the total money supply of Iraq. The CBI has no record of the Chinese Govt buying any dinar either with dollars or Yuan either in the CBI statistics and information nor is that any mention of such at the IMF.. Whats more it would be illegal to sell it to them out of country.It might surprise most people but what the Chinese want is more dollars.This must end and the begining for a revalue for the 4 countries. Just think what happens when Iraq joins. It will interesting to see what they are pegged/valued at on the come out with just the 4 of them. From the looks of this news. The change of currency could be in place in a matter of months from now. I wounder if any speculators are jumping on now to buy each countries currency’s in hopes of a revalue of the GCC to higher.

I have always worried about to many people get into this investment in iraq.I am still hopeful for a bright future.

It is amazing how many dinar the CBI sells during their daily auction every day. When is Adam going to distribute the “Dinar for Dummies” ebook? I’m a dummy that needs to know.

Arrived to the land at Baghdad International Airport on Wednesday, 12/23/2009 three CRJ aircraft have been purchased by the Ministry of Finance in the presence of His Excellency the Minister of Transport, Amer Abdul-Jabbar Ismail, a representative of the Prime Minister Mr. Nouri Al Maliki and Minister of Finance Baqir Jabr Al-Zubaidi has been signed annual operating contract between the Ministry of Finance and the Ministry of Transport contract was signed by the Deputy Minister of Finance Mr. Zia Habib Khayoun and General Manager of Iraqi Airways pilot Kifah Hassan Jabbar, representative of the Minister of Transport after it was received one aircraft in 2008 bringing the total to four aircraft. The Minister of Transport for the purpose of opening to the world in terms of aviation and passenger service to Iraq that we always fleet of Iraqi Airways aircraft from modern and sophisticated, where we have a few days ago a plane chartered Boeing 737 / 900 Model 2009. Adding that the decades old aircraft had completed are not renewed, any contract where the Iraqi Airways plane today has 15 modern, developed and leased. And preached His Excellency the Minister of Transport, the traveler and the Iraqi people that there are many great achievements and will be witnessed by the Iraqi arena, including the achievements by which updated the Iraqi Airways fleet of aircraft. He pointed out that Iraqi Airways did not buy any plane since 1990 because of the call set up by Kuwait Airways in British courts and demanded financial compensation is very large and today there are negotiations between the parties for the purpose of settlement of these problems and obstacles. He noted that the achievements of the rental of aircraft and sophisticated will open to the world of aviation and the Iraqi citizens will feel that in 2010 there planes in service and managed by the staff and I call on the Iraqi employees of Iraqi Airways to exercise their extensive service to the passengers of Iraq. For his part, Minister of Finance Baqir Jabr Al-Zubaidi that the Ministry of Finance has signed contracts for the purchase ten aircraft, including aircraft type CRJ Canadian origin and the new generations have been received four so far and two more in the coming year and the rest during the year 2011 and also signed contracts for the purchase of 55 Boeing aircraft of various types will be leased to the Ministry of Transport / Iraqi Airways, according to an annual employment contract agreed upon between the parties and this is the achievement of the Ministry of Finance and the Public Treasury in addition to providing better services to citizens, customers and facilitate the task of traveling to neighboring countries and Arab and Islamic states and European countries on the one hand and the other hand, mobility between the provinces of the country in which domestic airports. As Undersecretary of Finance Minister Zia Khyoun that this agreement is a type of investment where the aircraft was leased to a lease year to Iraqi Airways, and this is done to increase resources for the Ministry of Finance and the Ministry of Transport / Airlines of Iraq, emphasizing the existence of other contracts will be which the receipt of new aircraft and advanced, respectively. WOW I HOPE THIS SPEED UP THE RV. we all aspire in the near future to the return of Iraqi dinar to what it was in the seventies and the beginning eighties against the dollar and other foreign currencies .

Confirmed coalition Shell and Petronas of direct intention in developing the field Majnoon case of signing the contract in final form, as announced is not affected companies invested the political situation and security in the country.The Deputy Minister for oil extraction and export Abdul Karim Laibi through effective initialed a coalition with the “Shell – Petronas,” which took place at the Ministry yesterday: that the volume of primary production in the Majnoon field of 175 thousand barrels and up to the peak of production million and 800 thousand barrels per day . He explained that the Majnoon field in the province of Basra, which was run by the Southern Oil Company of the giant oil fields in the world and contains 11 ambush oil, declaring that the current and next two weeks will witness the signing of contracts initiated with the development of coalitions, which won seven oil fields out of ten fields offered within the The second licensing round. The contract was signed on the Iraqi side and the Deputy Director General of the Department contracts and licenses Abdul Mahdi al-Amidi, the Director of the Legal Section in the department, Dr. Sabah al-Saadi, was signed in a winning coalition, representative of the Dutch-British Shell Mounir Bouaziz and the representative of Malaysia’s Petronas is the color. The representative of Shell Munir Bouaziz happiness for signing the contract with the ministry, adding that his company is the first international companies in the oil sector, which entered Iraq for about a year and a half in Basra.And on direct work in the field and the impact of security and political situation of the company, said Bouaziz the “morning” that Shell will start its work immediately after signing the final contract, without saying how much money will be invested in the field, saying only that it billions of dollars. Promised the recent tension on the Fakkah field in the Maysan province of Iraq and Iran, it was an internal jurisdiction of the Iraqi government, stressing that the size of the turnout international companies in the second round of licensing and activities of the initial signatures of the contracts is not affected by evidence of corporate political situation and security in the country. For his part, denied the proxy Laibi what he described as “hype” that some of the throughput of the media that Iranian forces occupied the field of loose change, adding that specific problem the well number four from the field. He pointed out that the disagreement between the parties to this well-based for several years, noting that national professional staff began digging the well mentioned in the seventies the last century, and began production in 1979 and until 1980 before stopping by the Iran-Iraq war. He Laibi Maysan Oil Company has operations in 2007 lifting the debris from the well site in order to re-run, but she was harassment from the Iranian side, who claimed that the zone is within its territory, pointing out that the bilateral commission for the demarcation of the border look into this matter to be resolved through diplomatic channels. the “morning” that the contract which was signed initialed yesterday will not face obstacles in the way of ratification by the Board of Minister. He noted that the licensing contracts for the first round did not face obstacles because there are technical committees and legal contracts are reviewed prior to submission to the Council of Ministers, adding that after the council approved the contract the ministry will sign the final with the investing companies.And on statements made by some MPs and officials of the Organization of Petroleum Exporting Countries and other oil states will not allow Iraq to increase oil exports to 12 million barrels per day, after the conclusion of the second licensing round, “this issue is premature.He hinted that many countries would not welcome an increase of Iraq’s exports during the next six years, adding that those countries should take into account the war and the conditions through the country and its citizens for many years. He pointed out that any economic developments taking place in Iraq therefore will be reflected on the countries of the region, explaining It’s the right of Iraq to increase its exports to the country’s reconstruction and rehabilitation of infrastructure. while Jihad said he and Oil Minister Hussein al-Shahristani said to Angola to participate in the meetings of the Ministers of Petroleum Exporting Countries OPEC, which will last for two days to review the conditions of the global market and OECD member countries.He expressed his belief that he will keep the production ceiling by the Organization after the stability of world oil prices, especially as they began to increase gradually, indicating that preclude the need to increase or reduce the quantities that OPEC countries have promised to pump to world markets.Separately, the pipeline pumping oil from Kirkuk to the Turkish port of Ceyhan was the fourth time in the last three months of the acts of sabotage, noting that the line came under a bomb attack near the town of Sharqat north of Salahuddin Province. He explained that the duration of the process reform dating back to the size of the operation was to sabotage the pipeline. They should have done this years ago. Now they have taken their economy and banking system to the edge. Lets hope the money starts to flow quickly.If not there will be some banks going down

the Iraqi government asked the U.S. side tointerfere in the management of the security file to install the security and stability in the country, to develop security plans to prevent recurrence of the violence that hit the capital recently,
especially since the terms of the agreement it has struck the Maliki government with the U.S. administration, it gives the right to address the American side, to show some assistance in security issues. The source, who asked not to be named, “told the Iraqi press that” the American side condition of assuming the administration file of the Iraqi economy for his involvement security file. He added that Iraqi government has not determined until the moment of its latest U.S. request,
and is still studying the matter with its partners in the political process. the American side in the field of superior intelligence by its functional and logistics and information base on which the U.S. military sought to establish them ever since he entered Iraqi territory in March 2003, through the recruitment of some informants to secure the information we reveal hideouts of terrorists and their plans criminal».Does this mean what I think it means. U.S. control of the Iraq economy. If they do assume control of the economy what does this mean for the dinar? Does it change anything? Can anyone elaborate on this? It is also very interesting what is going on over in Iran. If
there is to be an RV in Iraq it would not happen until Iran falls. Can you imagine the economic boost that a RV would give the current Iranian government, they might be holding billions of dinars with their connections in Iraq. The U.S. assisted with thier security. The Military helped the GOI to equip, train and organize their security forces so they can be effective and successful.This was by invitation of the GOI.The GOI has ALSO requested U.S. assistance in developing thier economy.Assistance is NOT control. It’s simply experts brainstorming and advising the GOI what they can do to improve thier economy.They first need to start with laws, privatize state owned entities, reduce their social programs, and finally, eliminate corruption and the “good ole boy” network.They want capitalism’s success, but they don’t know how to get there.

Investment in building first-class hotels Finally, among the most active investment sectors in Iraq; especially after the security improvements experienced by most cities, not to mention the expansion of tourism, religious and archaeological sites, and most importantly of all is the need for this sector to the modern hotels; as the current hotels constitute only 40% of the total need.However, even this number has started to take on the decline, due to aging of first-class hotels that are no longer able to keep pace with global developments; Baghdad hotels will give you a clear idea of it on its way to retirement;, and their names back to the well-known international groups such as: “Sheraton” and “Melia,” and “International” and “Oberoi” does not apply and the deteriorating situation experienced by the hotels, and in making international companies seeking to win contracts to build hotels, and is confident in advance that it was pulling the rug out from under the feet of the existing hotels. The head of the Investment Authority, Iraq, announced earlier to grant company “General Midtrenyan – Royal Hotels Group global” investment license to build and manage a five-star tourist hotel and its appendages in Baghdad and $ 120 million; which represents an outstanding achievement at the level of investment, and reflects the significant improvements in security in Iraq was present. An official source in the form of investment, “said the tourism sector in Iraq is now among the most active sectors and the most attractive to domestic and foreign investment; went there to build large hotels, restaurants, malls, etc., and increased the volume of investment is the large number of tourist sites, two types of religious and archaeological sites.”Antiquities of Iraq “Most first-class hotels deployed in Baghdad and the provinces, such as: Mosul and Basra; owned sector mixed, although some ministries have a part of its shares and other shareholders, such as the al-Rashid Hotel – inside Baghdad’s Green Zone – which is owned by our ministry.” The Talqani that there are hotels in the cities of Karbala and Najaf, he was part of the devastation, such as: Peace Hotel during the 2003 war.The rest of the hotels it goes back to the private sector. He added that “in Karbala, 300 hotel, 168 hotels in Najaf, and Baghdad has 250 hotels, is the mainstay of these hotels is the hotel sector and receive the bulk of tourist arrivals for religious tourism, and that after the arrival of the first visitors for the purposes of archaeological tourism began investing in building hotels witnessed a remarkable boom in Karbala and Samarra, Basra, Dhi Qar and Maysan, Mosul, Baghdad and other cities in Iraq. the tourism minister held talks with broad Arab and foreign investors to build a first class hotel in Iraq, a private investment law helps to do so; any ownership of land held by the housing investment specifically.” “Iraq is suffering a deficit hotel up to more than 60% compared to the actual need for tourism and also the need for local, not to mention that the list does not meet the purpose; any service that the hotel late in our country when compared to the rest of the neighborhood, except for distinguished service in some provinces of Karbala and Najaf. “And on the possible return of international companies specialized management of hotels carrying brands, “There is a possibility to enter these companies, which distributed its investments in many countries are in need of new areas, and that Iraq is a timely opportunity to launch these companies in the recovery of their investments. Has been submitted by Iraq, many facilities, and really made some requests to invest in Iraq. “In the cities of a religious nature, such as: Karbala, Najaf, and the Kadhimiya has flowed to the capital of the Gulf and foreign large, and return most of its hotels to investors from Bahrain, Iran, Kuwait, and even from India, Pakistan and others, and hotel construction is currently among the most profitable sectors of the large visitor arrivals from all over the world. In this order ~ Their oil fields are secure & pumping, their currency revals & these unfathomably moronic, ultra-greedy hypocritical idiots quit blowing everything up & apart, WTF would want to vacation there? Ask the 110,000 foreign tourists who visited Iraq in the last 3 days.

the number of Arab and foreign visitors who arrived in Karbala to participate in the commemoration of the martyrdom was until the evening of Saturday, about 105 thousand visitors from over 25 nationalities, most of whom arrived in the city late yesterday and the day today, “are not not expected. “The number of Arab and foreign visitors who traveled to Karbala to commemorate the martyrdom to more than 105 thousand visitors from more than 25 Asian and Arab, African and European.”The visitors arrived in the city numbers unexpected yesterday (Friday) and during the day today (Saturday), from Saudi Arabia, Kuwait, Bahrain, Iran, India and Pakistan, America, Canada, India, Taiwan, Tanzania, Azerbaijan, Britain, Syria and Lebanon,” noting that “the visitors gave a walk from the Airport Najaf. expected to reach other numbers this evening to take part tomorrow morning at the Husseini rituals, which reached a peak on the tenth of Muharram.”some twenty thousand Arab and foreign visitors were in the city, expecting the number to more than forty thousand in the tenth night of Muharram.
Organized funeral procession will travel Shiite Muslims from various regions of Iraq and a number of neighboring countries to the shrine of Imam Hussein bin Ali bin Abi Talib in the city of Karbala, Shiite shrines in the provinces to commemorate Ashura (the tenth of Muharram) per year is the anniversary of the martyrdom of Imam Hussein and his brothers and his friends In an incident that took place nicer place in the Karbala in 61 AH.The town of Karbala, Karbala province, lies 110 km to the south-west of the capital Baghdad. Not for vacations, but for an islamic religious ritual. Not the same thing. It doesn’t make a difference , both add to tourism revenues . Also consider the inbound foreign experts from the energy sector.2nd oil bid round was hugely successful, one would think that Basra’s hotels are packed from advanced oil company teams.
There is not enough houses to rent, stands to reason hotels will be filled to capacity.Dwelling infrastructure is inadequate. Government always finds a need for whatever money it gets.
Government does not solve problems; it subsidizes them.
Man is not free unless government is limited.

I’m in Iraq as a contractor.I am invested in the IQD but im thinking that you may double or tripple your investment depending on the rate you biught it for.I do not think I’m going to make millions.I would love to be wrong, but do you think the country wants to buy back trillions of Dinar?When the 1s 5s 20s ETC.. are out they may exchange the money we have for the value of it w/o the three zeros on the end.Then you have to wait until it goes up in value.So you could come out with a profit if you bought it at the going rate…If I am wrong on this,Please set me streight…

Joseph, what does all this mean, good or bad?

Yeah is that good news?

Lopping Dinar,
This press release by the Central Bank of Iraq on December 30,2009, the current dinar higher denominations were removed 3 zeros near future to meet the great expectations of the dinar in 2010. This is one of the most important decisions for the Central Bank. is this a good news or bad news?Anyone has opinion about this……… any opinion would be appreciated.

Lopping Dinar,
This press release by the Central Bank of Iraq on December 30,2009, the current dinar higher denominations were removed 3 zeros near future to meet the great expectations of the dinar in 2010. This is one of the most important decisions for the Central Bank. is this a good news or bad news?Anyone has opinion about this……… any opinion would be appreciated.

This is not a real press release by the CBI. It is a lie put out by someone in England. (Hoax)

I want to give medic some credit here. He tracked down the ip address of the poster-it is a fake article from the u.k.

Hai..! Darren
I’am from Malaysia, how can to open Warka Account
Thanks…

Hi…! Adam I Leave in Malaysia, just nearby To Singapore. My question is, How can I open Warka Account..Pls tell me Adam..
Thanks a Lot

Scott: I have the same opinion of yours. I simply cannot imagine Iraq to buy back the Dinar after the revaluation if they consider the present denomination for RV. The only possible outcome will be as per what you suggested. I dont argue with the people who predicted the rate of 1.13, 1.47, 2.47 or even 3.27. But it will be based on the new bank notes of smaller denoms. Anyone holdiing a million dinars will end up like $ 1130.00, $1470.00, $2470.00 or $3270.00, depending of the rate of RV. That is it.

Aswat al-Iraq, Jan.2 headlines:
BAGHDAD / Aswat al-Iraq: Iraqi Minister of Displacement & Migration Abdulsamad Sultan said on Saturday that 78,000 families returned to their original homes during the past couple of years.
Sultan noted that the government would continue to give Iraqi returnees a sum of 1 million Iraqi dinars and even allocated 76,000 plots of residential lands.
“More than 3,000 efficient professionals returned, including 2500 in the health ministry and 500 in the higher education ministry,” the minister added.
Why would they give them 1 million dinar if they are going to knock off the zeros? They wouldn’t. Knocking off zeros is a devaluation. I think we’re looking at a revaluation.

When they say “larger” dinar notes are they referring to the 25,000 or anything about 1,000?

Hi Adam….!
Pls respond my question….

Anyone know where Adam went? On December 21 he said he would be answering more questions “shortly”

When they say larger they mean 25,000 dinar notes.But that would be like them saying a 100 dollar bill is only worth afew dollars but a 20 is worth 20.It won’t happen like that.

To the point, the Iraqi Dinar is currently at an extremely low valuation compared all other world currencies, which would make a very lucrative investment for anyone. The investment community is currently watching everything for signs of upward movement in the value of the Iraqi Dinar. Many sources including the Iraqi Financial ministry speculate an increase in Iraqi Dinar value in early 2010.
“A twenty-seven dollar investment today could be worth seventy-five thousand dollars if Iraqi Dinars are revalued to historical values.”
2009 IRAQI DINAR REVALUATION INDICATORS & SIGNS
• Rumors of Donald Trump investing Millions in Iraqi Dinars
• Iraq oil field contracts being let.
• Iraq Financial Ministry
• Large world corporate investments in Iraq infrastructure
• Obama election cause ease of middle east tensions against US
• US Secretary of State – Hillary Clinton’s recent remarks about Iraq becoming one of the richest countries in the Middle East.
Many believe that the Dinar will return to its historic value of $3.20 as opposed to it value today of less then one cent

GCC monetary authority soon
on Monday, January 04, 2010
Four Gulf nations will launch their monetary authority to set up a joint central bank at the end of February as part of an historic pact to create the Middle East’s first currency union.Saudi Arabia, Kuwait, Qatar and Bahrain, members of the six-nation Gulf Co-operation Council (GCC), will officially launch their monetary union on January 23 following its final summit approval last month.”The monetary union will be enforced on January 23, a month after the fourth ratification document was deposited by the members with the GCC Secretariat,”.”As for the Gulf Monetary Authority (GMA), which will pave the way for the creation of the GCC central bank, it will start operating at the end of February,”.The Newspaper reports that the central banks of the four countries halted lending operations at the beginning of 2010.”Those reports carried wrong information that the central banks would stop lending at the start of 2010… this process requires several procedures, which will be the responsibility of the GMA,”.”Any way, most central banks in those countries normally do not lend to the government, which means these reports do not carry any new information,”. Is this a good news or what……?anyone has a suggestion…..

to borrow from the IMF as “a serious matter, the interests of Iraq over the long term, indicating the threat to the future of Iraq and the interests of the people.The proposal is based splendor in the general budget for the year 2010 to borrow from the International Monetary Fund.the World Bank when giving loans to countries within the framework of the restructuring of the economy of these countries and, therefore, is the long-term intervention in the affairs of these countries even amount to interference in its sovereignty. Rubaie confirmed his refusal not to pass the federal budget for 2010 until the next parliamentary session, noting they relate to the interests of the people.He stressed the need to separate the budget for the elections and political history.

Now Iraq is ranked twelfth in the list of the richest Arab. Saturday, January 02,2010.Iraq is occupied twelfth place located in the bottom of the sequence of the richest Arab countries, along with Algeria, Tunisia, Jordan, Morocco, Egypt, Syria and Sudan. Landing in Qatar topped the list and after the United Arab Emirates, Kuwait and Bahrain in Almertbpaiip Dissolved and Oman in fifth place followed by Saudi Arabia in the sixth, while Yemen was ranked by the recent order of the poorest countries, followed by Mauritania poorest of Arab nations.Qatar was ranked first at the top of the order of the richest Arab countries, as annual per capita income of the 70,651 dollars, while not exceeding a population of 1.448 million people, followed by the UAE in the second and per capita income of 52,574 people while the population of 4.76 million people, and Kuwait ranked third, and per capita income of 43,046 dollars and a population of 3.43 million people, to the Bahrain came in the fourth income of 21,675 dollars per capita and a population of 1.123 million people, either the average per capita income in Oman to $ 20,908 for its population of 2.86 million people, and Saudi Arabia in sixth place, and per capita income of 18,903 dollars and the number of population of 24.8 million people, and replaced Libya was ranked seventh with 10,519 thousand dollars for an individual and a population of 7.2 million, Lebanon ranked eighth and income per capita in 7479 dollars, followed by Algeria, Tunisia, Jordan, Iraq, Morocco, Egypt, Syria and Sudan. They can pass all the laws you want and it will be a very long time before Iraq is as per capita rich as Qatar. Qatar has per capita income of $70,651. With over 28 million people that would require a GDP of ~ 2 trillion dollars for Iraq. 2 trillion divided by 365 days would be ~ $5.4 billion a day. Divided by $80 a barrel and they would need to produce 67,500,000 barrels a day to be as rich as Qatar and have almost 90% of the worlds total production. 33.75 times as much as they are now producing. Maybe we should give them another 6 months to accomplish 90% of the worlds total oil production. We hope this will speed up the RV that make iraq is ranked # 1 richest sooner early 2010, don’t we.

Just To the point, the Iraqi Dinar is currently at an extremely low valuation compared all other world currencies, which would make a very lucrative investment for anyone. The investment community is currently watching everything for signs of upward movement in the value of the Iraqi Dinar. Many sources including the Iraqi Financial ministry speculate an increase in Iraqi Dinar value in early 2010.
“A twenty-seven dollar investment today could be worth seventy-five thousand dollars if Iraqi Dinars are revalued to historical values.”
2009 IRAQI DINAR REVALUATION INDICATORS & SIGNS:
• Donald Trump investing Millions in Iraqi Dinars
• Iraq oil field contracts being let.
• Iraq Financial Ministry
• Large world corporate investments in Iraq infrastructure
• Obama election cause ease of middle east tensions against US
• US Secretary of State – Hillary Clinton’s recent remarks about Iraq becoming one of the richest countries in the Middle East.
Many believe that the Dinar will return to its historic value of $3.20 as opposed to it value today of less then one cent. Will these indicators and signs mean to speed up the RV early 2010.…

To everyone who posted a question: Thank y9u very much, your activity on this site is what makes it the best overall resource for dinar news on the entire internet. I will be approaching every question individually over the next two weeks, unless we see a reval first.
.
Then I’ll be cashing in and dealing with only half of the questions, to give suggestions on how to handle after RV details.
.
Stay posted!

Thanks for your time and energie on our behalf!

2010 Iraqi Dinar News: Republic of Iraq Monetary Summit Briefing
The Republic of Iraq National Government, United States of America and its coalition allies are in the midst of confirming the 18 December 2009 date to discuss monetary terms concerning our globalization of the New Iraqi Dinar. Confirmations have been established by 13 of the 22 parties needed to proceed with these dealings (15 are needed to validate hearings). In a recent summit, finance minister Adel Abdul Mahdi wrote the following: We feel strongly that these summit hearings will result in a complete globalization of our national currency and that we shall soon see a dramatic increase in the value of our legal tender.Our abundance of natural resources has positioned us to take full advantage of the current international economic crisis. I strongly believe the New Iraqi Dinar will soon be a respected currency within the global marketplace. National Iraqi Alliance mainly composed of Shi’ite Islamist Arab parties, has recently expressed approval of the forthcoming Iraqi Monetary Summit and also anticipate the future currency stabilization to result in national unity and internal strengthening. The Saed Al Shuhada Islamic Movement appears to be the only national organization that opposes the Monetary Summit. Salam al-Maliki has stated that he disagrees with the summit meeting due to what he calls, the current condition of national unrest and the ever changing stability of the Iraqi national climate. His concerns were well documented during the recent hearings of the Iraqi National Dialogue Council. His concerns have not affected President Jalal Talabani’s decision to hold the hearings.Trade minister Abdel-Karim Mahoud al-Mohammedawi and finance minister Ali Adbul-Amir Allawi have recently issued this speculative briefing which was sent to all members of the governing council: “ We feel through a series of strong and productive hearings, we could come to realize a globally unified currency. The affects of international trading of the New Iraqi Dinar, could see the value of our currency be assessed as high as $1.85 as compared to $1 USD. This is purely speculative but our country’s strong foundation of renewable resources along with a sturdy history of agricultural exportation supports this speculative estimate. Conversely, we feel as though the floor price could possibly be as low as $1.10 as compared to $1 USD, given a substantial decrease in the 2006 calculation of our gross domestic product evaluations”. Does it prove that The RV will come true sooner early 2010 , doesn’t it.

A poll conducted by the Electronic Iraq on its website recently That 74.3% of the readers of the site, Reject participate in the upcoming Iraqi elections – March – 2010, and formed the proportion of people who want to participate in the elections 7.3%.
According to the results of the vote which was adopted by Iraq (the first voters had made voice: Sunday, October 25th, 2009 12:23, with the voting closed on Monday, Jan 04, 2010 03:27), Expected lower turnout in elections in March 2010 with more votes than the (6436) is not willing to participate in the upcoming elections, in what was seen (730) should be involved and its importance, and went a number of participants in the referendum by (2.1%) advising others after participating in the elections. The referendum had been involved in it (8668) voters and lasted for a period of time gave voters the opportunity to participate and to identify itself with sufficient moral responsibility. Iraq plans to establish an Iraqi election that will compete in which dozens of candidates for parliamentary seats in the seventh of March. The following are results of the referendum as the website:

Will you take part in the forthcoming elections 6436 74.3%

I advise others not to participate 730 8.4%
Is not important to participate 683 7.9%
Yes, I join 637 7.3%
I advise others to participate as effective 182 2.1%
Number of votes: 8668

First vote: Sunday, October 25th, 2009 12:23

Last Vote: Monday, 04 2010 03:27

Chap 7 discussed – pros and cons – good stuff !!
In August 1990 Saddam Hussein ordered his troops into Kuwait, claiming the small Gulf emirate as Iraq’s 19th province. The occupation of Kuwait lasted only seven months but, almost 20 years on, the Iraqi people are still paying the price. Iraq remains obligated to pay war reparations to Kuwait under the terms of Chapter 7 of the UN charter. Baghdad must set aside 5 per cent of its oil revenues for these payments. Iraq has paid Kuwait over $13 billion in war damages, yet there is still a long way to go before the debt is settled. Iraqi MPs have called for the remaining debt of around $25 billion to be waived, arguing that the country needs the money to pay for its own post-war reconstruction. The Kuwaitis have rejected this, insisting that the payments continue until issues including border demarcation and compensation for Kuwaiti property lost or damaged during the 1990 invasion are resolved. Very interesting indeed. Jessshhhhhh… it is no wonder they all want to blow each other up. They can’t even talk without practically blowing their lids. Passionate people I guess.

Iraq’s cabinet has ratified deals with foreign energy firms to develop four oilfields, the government spokesman said on Tuesday.”The Cabinet has ratified four oilfields: Majnoon, Gharaf, and in Nineveh province Qayara and al-Najmah,”.Last month, groups including Royal Dutch Shell and Malaysia’s Petronas initialed deals for the fields, which include supergiant Majnoon.According to the Oil Ministry, the firms must now sign final deals before they can begin work.The deals represent part of Iraq’s ambitions to transform its underperforming oil sector and bring output capacity to 12 million barrels per day (bpd), a huge increase from today’s output of around 2.5 million bpd.The deals ratified on Tuesday were offered to foreign firms at a Dec. 11-12 energy auction, Iraq’s second this year.Royal Dutch Shell, Europe’s largest oil company, and Petronas won the rights to Majnoon, a major field near the southern oil hub of Basra.Majnoon has reserves of 12.6 billion barrels, making it one of the world’s largest untapped oilfields.Gharaf, a smaller oilfield with 900 million in reserves, was won by Petronas and the Japan Petroleum Exploration Co (Japex).Qayara and Najmah, located in Iraq’s restive Nineveh province, were both won by Angolan state oil firm Sonangol.The 800-million-barrel Qayara field is south of the provincial capital Mosul, while nearby Najmah has around 900 million barrels.After the deals were initialled, the government said it was seeking a number of technical or operational amendments to the contracts.
HCL has nothing to do with Maliki , Maliki’s party ( Dawa party ) only has 15 seats in the parliament , this leaves 260 MPs responsible and IMO , the HCL has bee bypassed after the contracts were signed ( under Maliki’s supervision. Where’s the security ? American forces are stationed at their bases and we don’t see the 100+ corpses in Baghdad morgues and this is firm evidence that Maliki has succeeded in the security issue , despite bombings which happened even in developed and “secure “countries like ( USA , UK , Spain ) . The problem is that everyone think of Maliki as a man with extraordinary power while the reality is he heads a “Government of national unity” , this means that he didn’t choose the ministers , all major parties and sects have ministers in his government and decision making in this government is by majority vote ( his party does not have ministers in the government ) ..You may consider selling ÿour dinars as Maliki will most likely get re-elected although nothing is guaranteed in Iraqi politics ..

Iraqi security forces have launched a wide campaign in Sunni Muslim-dominated neighborhoods of Baghdad and towns and cities to the north and west of the capital.
The campaign is said to be the widest by the government in years and has led to an exodus of people to the Kurdish north.The campaign comes as the country gears for national elections in March.The summary arrests have fuelled anger in these areas and raised fears of popular unrest at a time the government finds it extremely hard to reinstate law and order.In Baghdad most of the arrests have taken place in the restive township of Abu Ghraib, home to the notorious Iraqi prison bearing the same name.Parents and relatives said they have no idea where the security forces are keeping their beloved ones. They said officials told them all those arrested will remain behind bars until after the elections.Officials speaking on condition of anonymity said hundreds of young people have been taken away from Tikrit, Anbar and Mosul.They said popular discontent was apparent in the restive city of Mosul where rebels fighting U.S. and government troops are quite active. Meanwhile, there has been a separate sweep against members of the so-called Awakening Council, Sunni militiamen who had joined U.S. troops in fighting al-Qaeda.Ten militiamen were reported to have been assassinated in Baghdad in addition to scores of arrests.Up to 200,000 Sunni tribesmen were armed by U.S. troops to help them fight al-Qaeda.The Muslim Shiite-dominated government now sees many of them as a threat.It is suspected this is Maliki’s SNEAKY way of MANIPULATING the numbers in his favor PRIOR to the BIG VOTE !!!!!

Central banks in the Gulf and other countries could alter a long-standing policy and expand their powers to control asset prices as part of post-crisis changes in the monetary and banking practice.The global financial distress, which has jolted major industrial powers and other nations, could also prompt those powers to end turmoil they triggered about the role of sovereign wealth funds (SWFs) before the eruption of the crisis. Manai said he anticipates post-crisis radical changes in the worldwide economic, financial, banking and monetary system, adding that reforms in the banking sector could be the quickest and most serious.”As part of those changes, I believe there could be a revision of the role of the Central Banks in determining asset prices, mainly real estate and stocks… before the eruption of the crisis, their role was confined to achieving price stability by controlling inflation and did not include any intervention in the fluctuations in real estate and stock prices,”.”Following the crisis and the serious bubble it caused in the stocks and real estate sector, I think the situation will be different after the crisis and any revisions in the banking sector will include central banks’ role in asset prices,” he said.he also expected a revision in central bank policies towards capital adequacy of banks on the grounds international adequacy standards enforced before the crisis proved ineffective.He said world central bank governors had discussed such a problem but had not yet reached agreement on any new adequacy criteria.”I believe there is a pressing need to tackle the phenomenon of procyclicality in a way that will ensure an increase in capital adequacy requirements during an economic boom and a decline during a downturn,”.”In such a situation, any solution must be enforced on a selective basis, which means that the same adequacy requirements should not be applied to all banks”. IMHO, M2 would NOT need to be lowered substantially before any massive upward move on the part of the CBI to revalue the currency, since most of that would be debt anyway. If The dollar is backed by the faith and assets, why cant Iraq do the same with the dinar? There is a disturbing trend here as Maliki spoke about a public and private sector merger and we see massive govt takeovers of the private sector in the US. The CBI was created by the IMF and World Bank which are of themselves Super Central Banks, with the goal of controlling economies through their national loans. Now we know Wolfowitz planned the invasion of Iraq and as such its eventual reconstruction. So the premise put forth about the Plutocrats being the main beneficiaries of the ISX is certainly plausible. Also is it coincidental that Obama is proposing to allow our Central Bank (FR) to oversee all the financial institutions under the guise of preventing the very events that they engineered through toxic mtgs and derivative investment. It occurs to me that the CBI and the PTB are setting up the economy in Iraq that they would also like to see in the US. Is it a good news or a bad news?

Just in case you people do not know, Joseph is a pumper for selling dinars, the story about Donald Trump is years old and has never been confirmed so he is telling you all a load of BS

And as for Medic he just talks of RVs for next week at X amount, come round next week and no RV are you told of a reason why the dinar did not RV err NO he just gets right onto the next wild story about the dinar RVing next week, and so the story goes on, he is a waste of space filling newbies heads with wild stories that will never happen

Dont expect to be spoon feed info, do your own at least you will know what you have found if anything at all

People who buy a few dinars and then spend the rest of their lives on these dinar sites talking a load of BS should wake up and do some research yourselves for a change

As for any new small denominations, when I can see them on the CBI site then I will believe them untill then there are NO small note’s printed yet and there are NO plates made for them either if you got em show em if not put up or shut up

If Iraq come on to RV the dinar at to low a price then the market is open for the likes of George Soros and co who will buy up the dinars by the billion and thats bad for us, so I think the CBI will have to come onto the market with the dinar at a higher price to limit the BIG boys buying up to much, what ever happens we will NOT know untill it happens, you can waste your time beliveing all the BS if you want to, its your choice

I think the way to go is with a Warka account and in the ISX, both are very easy to do, it only takes one Email to, ifrd@warka-bank-iq.com asking to open an account, you send as an attachment a printed copy of your passport showing your photo address and signature, you sign and date it, scan it in as the attachment and send it to the above Email address, you are sending it to Mohammad at Warka bank, it should take only a few days for you to get your account number and the info on how to fund your account

Have a nice day, Steve.

Steve, thanks for being a voice of reason and giving out good information. One question, once I open a warka account how do I get my Dinar into it?

Thanks, Scot

You go to your bank and wire the funds in $US dollars to a Warka account in Germany, Mohammad will tell you all the details with the Email from Warka with your account numer and temporey code word for you to change to whatever you like when you go onto your account, if it makes no sense contact me on swpsteve@aol.com and I will send you a list of instructions that will have every thing you need to wire the funds, I will give you my home tel number when you Email me
Have a nice day, Steve.

Do you mean how do you get your cash dinars into your Warka account

You can post them by FEDEX to the address Mohammad will give you if you ask for it

Probs with that is you will have to declaire it as Paper work and or Documents

Most of the sanctions are still on Iraq from Saddams time, Articule 7 I think, so you cannot legaly post Iraqi dinars to Iraq, a lot of people have done so, there has only been a few that got lost in the post, the term lost is from the PO, me I say some low life scum sucking pig f—-r has stole it
Or you can sell them here even at a small lose as when you transfer your $ into your IQD account you are getting the CBIs exchange rate so you will make up what you lost selling them sometimes makeing more than you had to start with

A good list of comps to buy are ones that are SOCs with a % in privet hands, as the State is bound to keep some of the shares and shove contracts their way,
http://industry.gov.iq/?id=contactus_1

I will send you aload of sites if you would like them as attachments to emails

Warka bank, http://www.warka-bank.com/news.php

http://www.isx-iq.net/

As of when we all have shed loads of money how to get it back without paying a ton in TAX
from your Warka account you add your UK bank as an external benefisary so you can transfer funds back into your UK account anytime as it is an online account, you have the one account number that gives you access to both of your accounts

Then you can get a CC from Warka its a pre paid type of card so you will only have to Email Warka to load it up with as much as you want, plus you can get a Cheque book as well, plus transfering into your UK account small amounts of money so not to bring attention to your self or your bank account
Then we have offshore accounts, HSBC has a good one in the Channel Islands

Have a nice day, Steve.

Good information Steve. I wondered about someone stealing the dinars in the mail or even the bank. I have not been able to get any confirmation on the “monetary summit briefing”, I sent a message to the site that posted it asking to confirm its origin. Am doubtful to hear back from them but will post a link if I get anything.

The channel “Eastern” satellite broadcast, on Thursday evening, said news that a group of Iraqi army coming from the area of Abu Ghraib, has whipped a hundred million dollars worth of British bank HSBC in the area of Jadriya in Baghdad, in a process described as “the biggest robbery in the history of Iraq.” A spokesman for the Baghdad operations command Maj. Gen. Qassim Atta, said in an interview for “Alsumaria News”, in the early hour of Friday evening. The Baghdad have been seen last major robbery on a bank branch Azwaip Iraq in the Karada district, where the robbers managed to kill eight of the guards and steal the bank the equivalent of five million U.S. dollars. And the Interior Ministry disclosed days after the operation that involved three in the robbery were officers in the Iraqi army, and tried to exploit some political involvement of these political gains after it emerged that one of them was a captain in the regiment’s presidential. Wow, everyone that’s sent money to Iraq Stand a chance of being robbed ISX, ect…. What the people gonna think? Send it back to the US ? OH MY GOD, Everyone should be more careful when sending money to Iraq.

Iran ex-deputy oil minister proposes strategy to avert “oil migration” to Iraq: The former deputy oil minister has warned about the possibility of oil migration from Iran joint oil fields to Iraq in the coming years and has proposed a new strategy for asking compensation for Iran-Iraq war through the smooth development of the two countries’ oil fields. In an interview with Mehr news agency expressed concern about the recent oil contracts by the Iraqi government and said: One of the main reasons for concern about signing the oil contracts by the Iraqi government is that some of these oil and gas fields between Iraq and Iran are joint and by the implementation of these projects, the daily oil production in Iraq will increase up to 1.5m barrels in three-four years.
While pointing out that so far, 20 oil and gas fields have been discovered on Iran-Iraq border, most of which are joint, the former deputy oil minister said: It is unlikely that there is exact data on resources of these oil and gas fields, but most of parts these are definitely within the Iran’s largest fields. He went on to say: To prevent the Iran’s oil migration to Iraq, the two countries should simultaneously start the exploitation of the joint fields.

Al-Mutlaq accused the accountability and justice of giving in to Iran to prohibit the participation list in the next election. Accused member of parliament Saleh al-Mutlaq, on Friday, Iran of being behind the decision of the Accountability and Justice to ban the participation of the Iraqi Front for National Dialogue in the next parliamentary elections, while assuring his way to raise a suit against the Commission in the Federal Court of Iraq, ruled out withdrawing from the election. Mr Mutlaq, who heads the Iraqi Front for National Dialogue, told a press conference in front a building in Baghdad, on Friday afternoon, “Iran put pressure on the practice of accountability and justice for a decision to ban party’s participation in the forthcoming elections”, stating that “Iran believes that the LTTE is a threat their interests in Iraq, especially after the opposition made by the front in the field of loose change crisis, “as he put it.
Mutlak was surprised at this decision of the “employee of the government as General Manager against the head of the bloc in the Iraqi parliament,” a reference to the Chief Justice and Accountability Ali Faisal, pointing out that “the resolution adopted by the accountability was without reference to the President of the Republic Jalal Talabani, and the members of the Iraqi Council of Representatives. ” The chairman of the accountability-Faisal said on Thursday in an interview with television station “Arab”, which broadcasts from Dubai, said that the accountability has decided to deny the Iraqi political Saleh al-Mutlaq and denying the political entity that Party, the Iraqi Front for National Dialogue, to participate in upcoming parliamentary elections. He justified the decision to ban Al-Faisal spoke of evidence and documents against the National Front for National Dialogue and its Al-Mutlaq, who stressed that preventive measures of the body covered by the accountability was therefore decided to prevent him from participating in accordance with article VII of the Iraqi Constitution. Article VII of the Iraqi constitution, “Prohibition of each entity or program that adopts racism, terrorism or ethnic cleansing or atonement, or incites, facilitates, glorifies, promotes, or justify it, especially the Baath Party, under any name whatsoever, shall not be within the political pluralism in Iraq. ” The leader of the Iraqi Front for National Dialogue, that the front “will file a lawsuit against the Board and the Chairman of the Federal Court of Iraq to demand to go back on this decision,” adding: “If no response to the Federal Court of Iraq for a call, we will turn to international courts,” as he put it. And exclude Mutlak decision to withdraw from the elections in the list of the Iraqi National Movement, led by Iyad Allawi, describing the accusations directed to the list of “Incorrect”. The President of the Iraqi Front for National Dialogue, Saleh al-Mutlaq had been questioned in a recent media statements the platform of the bloc of Prime Minister Nuri al-Maliki, describing his “national and away from sectarianism election ploy designed to win the votes of the Iraqis.” The Mutlaq, one of the politicians influential among Sunni Arabs, entered the bloc, which holds 11 seats in parliament, most beautiful of the 275 seats in Parliament in coalition with the party of former Prime Minister Iyad Allawi to participate the next election, one list under the name of the Iraqi National Movement which was launched On 31 October last year. The chairman of the accountability-Faisal said on Thursday in an interview with television station “Arab”, which broadcasts from Dubai, said that “the accountability of Iraq decided to ban the political Saleh al-Mutlaq and denying the political entity that Party, the Iraqi Front for National Dialogue, to participate in the upcoming parliamentary elections “. He justified the decision to ban Al-Faisal spoke of evidence and documents against the National Front for National Dialogue and its Al-Mutlaq, who confirmed that preventive action of the body covered by the accountability was therefore decided to prevent him from participating. The President of the Iraqi Front for National Dialogue, Saleh al-Mutlaq had been questioned in a recent media statements the platform of the bloc of Prime Minister Nuri al-Maliki, describing his “national and away from sectarianism election ploy designed to win the votes of the Iraqis.” The Mutlaq, one of the politicians influential among Sunni Arabs, entered the bloc, which holds 11 seats in parliament, most beautiful of the 275 seats in Parliament in coalition with the party of former Prime Minister Iyad Allawi to participate the next election, one list under the name of the Iraqi National Movement which was launched On 31 October last year. Saleh Al-Mutlaq had attacked Iraqi Prime Minister Nuri al-Maliki, calling the election message to Iraqi Prime Minister Nuri al-Maliki is based on the national and inclusive is not merely an election ploy aimed at winning the votes of Iraqis who are tired of mass sectarian in recent years. And he said in an interview, “We can not expect the secretary-general of al-Maliki of the Dawa party, or any other person, such as al-Maliki … has developed since its beginnings in a sectarian and decades before it suddenly turn into a national political party … and be the leader of a national project … will return the result to be a part of the project sectarian. ”
And held the founding meeting of the Dawa party at the house of a Shiite religious leader in 1957. Transformation of the Dawa party and later to fight the regime of Saddam Hussein’s secular regime, which imposed tight control over the Shiite religious forces. Mutlak said, “will be affected (Maliki) the ideas of this party and Bchksyate around him, even though he personally was convinced that sectarianism is not the solution … is obliged to listen to the views of his party and the party’s commitment to a policy which is essentially a sectarian policy.” Mutlaq said the hope is his alliance with Iyad Allawi, a secular politician and another former prime minister support the Iraqis who are disillusioned with the religious parties that have dominated the political scene since US-led invasion in 2003. And so it should be for their movement, which describes itself Baltkdmip to open gaps in the national discourse adopted by non-sectarian Tktlan major Evodahma’s Dawa party, Maliki and his main rival, Supreme Islamic Iraqi Council. He said that the dominant parties failed Iraq since 2003 by filling out the ministries Bimat do not know, but obedience and security forces had some loyalty to the interests of the party and encourage the sectarian mentality that caused the bloodshed, Iraqis at the hands of Iraqis. After nearly seven years from the overthrow of Saddam Hussein, Iraq is not yet stable and prosperous image of former U.S. president George W. Bush. But complain that many Iraqis that their lives had worsened. Despite a marked improvement in the security situation in Iraq and the promise of prosperity of the oil sector is still much lower electricity demand and government corruption is widespread and jobs are scarce.
And return some Iraqi refugees cautiously to Baghdad and other cities, but others are doing their best to permanent immigration from the country believe that their future is bleak. And several large explosions rocked the place in recent public confidence in the Iraqi police and army, and represented a major challenge to Maliki, who has won a victory in provincial elections last year, based on his claim that the good security situation in Iraq dramatically. Referring to the rule of law, a coalition led by al-Maliki Mutlaq said that the main problem in Iraq is that there is a government but there is no state or state institutions and that he should build a state of institutions and real state of law. And repeat Maliki has repeatedly concluded that the era of sectarianism in Iraq. But some year they blame for the failure to get government jobs and restraint with regard to welcome the return of those who were linked to the government of Saddam Hussein. Ali al-Adeeb, a leader of Dawa that the campaign of Prime Minister successful Shiite militias in 2008, which was a turning point for the status and prestige proof that he is not sectarian. He said, “Maliki’s speech is far from the national retrenchment and sectarian and bias for any component stems from convinced that the country needs a national policy away from any form of retrenchment and sectarianism.” He added: “Our conviction is that this policy is the only path to virtue Iraq during the next phase and not allow any component that is dominated by another component.” Despite the talk about inclusion Mutlak see a limited role for other minorities, especially the Kurds, who make up a fifth of Iraq’s population and aspire to expand the boundaries of their northern region and the influence of independent to a large extent. In the opinion of Al-Mutlaq said the president of Iraq and his foreign minister should be one of the Arabs. He complained that the time spent Hoshyar Zebari, a Kurd, is a senior Foreign Ministry since 2003, and Jalal Talabani, a Kurd, was elected president in 2005 in pursuit of the interests of the Kurds over time Imzianh thinking in the affairs of Iraq.

This is a list of Iraqi banks that are in partnership with none Iraqi banks
Al-Ahli (national bank of Iraq) is owned by
Export & Finance Bank of Jordan

Bank of Baghdad is 49% owend by
United Gulf Bank of Bahrain

Credit bank of Oraq is 75% owend by
National Bank of Kuwait (NBK)

Commercial bank is 49% owend by Al-Ahli
Bank of Bahrain (through an Iraqi holding company

Dar Es Salaam is owened70% by, HSBC

Economy Bank is owend by, A’ayan company of Kuwait

Mansour Bank is 60% owend by
National Bank of Qatar

A deficit of 21 trillion dinars .. parliament re 2010 budget to the government to modify: the government will try to bridge the huge deficit in the budget through the circular financial years, as well as borrowing from the IMF, during the amendment process. This procedure will not affect the date of adoption of the budget in the House, indicating that the 2010 budget contains a deficit of 21 trillion dinars and indicated that the borrowing request to the International Monetary Fund is subject to change in oil prices in the global market. Vice-Chairman Ismail thanked the committee that prepared the final report of the budget, likely approval at a meeting of the parliament soon, said in a press statement: The number of ministries and provincial councils are asked to increase the budget allocated to them in the draft general budget for the current year. The MP said the Kurdistan Islamic Union bloc Sami Atrushi he did not expect that the Parliament can pass the state budget this week, and predicted Atrushi MPs not to attend the next meetings of the Council and thus the lack of a quorum, which will cause not approving the budget, “noting that members of the House of Representatives want to to delay approving the budget at the end of the month of January because they think that a delay in approving the budget will define the powers of government in the non-payment of the money in this ELECTION CAMPAIGN by either of the other hand, want to lay out the age of Parliament in these days, but unfortunately do not see the negative side to this subject .

The newspapers have said military forces believed to be from operations forces attacked a Baghdad bank and seized Maigarb $ 100 million from the bank after the arrest and intimidation of staff. The district subject to the guards and protections the ruling parties in Iraq. The power that the theft came from the Abu Ghraib area and brought in specifically for the robbery and that the staff could not contacting the Loblag responsible for the robbery only hours after. The archive of this theft is the biggest robbery in the history of modern Iraq .. It also quoted a police source who declined to be identified said he saw his chance by virtue of pickups and soldiers from operations forces entered Baghdad to the bank and arrested staff and began carrying boxes believed to hold millions of dollars. And often a patchwork of banks and exchange companies in Baghdad and other Iraqi cities are subjected to the robbery from different because of the deterioration of the security inherent in the situation in Iraq. OH MY GOD. I DON’T MEAN TO SCARE EVERYONE HERE BUT JUST FOR PREACUTION,EVERYONE SHOULD BE VERY VERY CAREFUL WHEN SENDING MONEY TO THE BANK IN IRAQ. THERE IS NOTHING GUARANTEED THAT THE MONEY ARE ALREADY SAVED IN THE BANK IN IRAQ WILL BE SAFE FROM ROBBERY. ETC.

In the unforgiving badlands of western Iraq’s Anbar Province, once a cradle of the insurgency and now a muddled landscape of corruption, simmering strife and spirited electoral campaigning, no one seems ready to pardon Hamid al-Hais. Mr. Hais is a sheik, a title that conveys his tribal pedigree. But that title is too facile in describing one of the more complicated figures in Iraq today. He is also a veteran of the American-backed war against insurgents, a Sunni Muslim politician, and now, in his most recent incarnation, an unlikely confederate of the Iraqi National Alliance, the Shiite Muslim standard-bearer in elections in March for a new Parliament. A bid for national unity, Mr. Hais calls his foray across Iraq’s entrenched sectarian divide. Many of his neighbors do not see it that way. A traitor to his sect, a stooge of neighboring Iran’s Shiite government, and a rank opportunist, they say. In his bid for office, Mr. Hais is a bit player in the larger drama of Iraq’s March 7 elections, which United States officials hope will help bridge divisions in the country as the military withdraws its combat troops by August. But in Mr. Hais’s quixotic trek, there is a warning that the elections may just as easily deepen the cleavages — tribal, ethnic and sectarian — that still threaten Iraq’s stability nearly seven years after the American-led invasion. NOWHERE is that warning more stark than in Anbar, once a showcase of American success in quelling the insurgency. It is now an increasingly unsettled terrain beset by suicide attacks, bombings and assassinations that prompted a Sunni leader to declare that working as a politician here qualifies as the most dangerous job in Iraq. “I always take the path that poses the most obstacles,” Mr. Hais said, scoffing at the risk, as he took the wheel of his white sport utility vehicle and careened through back roads of countryside he considers his. “I always go where no one else dares to go.” He quoted a song by Um Kalthoum, the Egyptian diva. “A confident man walks like a king,” he declared. With hands like a spatula, and girth that rivals his height, Mr. Hais struck an imposing figure as he campaigned along the irrigated farms and groves of date palms outside the provincial capital of Ramadi, populated by families that belong to his tribe of Albu Diyab. Tribal loyalties still run deep in Anbar, and Mr. Hais suggested that they would trump any misgivings his constituency might have over his alliance with Shiite parties that many Sunnis blame for some of the worst sectarian bloodletting in 2006 and 2007. “I can’t say all of them, but my feeling?” he asked. “They’ll follow me.” Mr. Hais, 42, still evokes his youthful days as a ne’er-do-well. In his car, he played loudly a frenetic strain of Arabic pop and, in jest, swerved toward a neighbor riding a bicycle. (The neighbor frowned.) On the trail, he walked with the swagger that a 9-millimeter Beretta in his leather holster brings. Most of his sentences seemed to end in an exclamation point.
“Listen to me!” the married Mr. Hais barked into the phone at his girlfriend. He hung up, shaking his head. “She’s driving me crazy,” he said.But beneath the bluster is a compelling argument for an Iraqi identity that transcends sect and allows a man like Mr. Hais, a sheik from Iraq’s most ardently Sunni region, to join hands with parties led by some of the most dogmatic Shiite clergy. “We’re actually working against sectarianism on the ground, not just through the beautiful words of our speeches,” he said. “The interests of our country require it.”So far, his words and actions have prompted more outrage than reconsideration. Many in Anbar remain angry about a weeklong trip that Mr. Hais took in June to Iran, a country many Sunnis believe dominates the current government and poses a greater threat to Iraq’s interests than the United States. Since then, some neighbors have taken to calling Mr. Hais’s villa, along the Euphrates, “the Iranian house” or “Khomeini’s house.” “Absolutely, he’s carrying out an Iranian agenda — without a doubt,” said Dhari al-Hadi, an adviser to Anbar’s governor and deputy of Ahmed Abu Risha, a leading tribal figure in the province. “You wouldn’t find anyone in Anbar who would dare go to Iran.”
MR. HAIS’S Shiite allies at times seem baffled by him, in an Iraqi version of culture shock. They respect his credentials in leading the fight against insurgents and feel confident he can win over enough of his tribe to capture a seat or two. But they are often taken aback by his freewheeling comments in the alliance’s meetings. At various times, he has promised to open bars in Ramadi, stop veiled women from entering Anbar University, break the legs of rival candidates and pursue Baathists in nightclubs in Syria. “Crazy,” a Shiite colleague said on condition of anonymity, fearful of provoking him. “Then again, if you call someone crazy in Anbar, they consider it a compliment.”For his part, Mr. Hais finds his new colleagues too reticent. “They’re always calculating before they say a single word,” he complained. Lately, though, Mr. Hais seems just as bewildered by his fellow Sunnis. On a crisp winter day this week, he made his way to the Nineveh Elementary School for Girls in a hardscrabble neighborhood of Ramadi. Teachers there unleashed a torrent of complaints: trash-strewn streets, a lack of money for schools, and drinking water that mixed with sewage and, at times, blood running off from butcher shops. Mr. Hais listened, slipped the principal an envelope with $1,000, then urged the teachers to organize demonstrations. “It’s up to you to change the reality,” he insisted. Before long, a former army officer spoke up. “I want to speak frankly,” he said. “We hoped you wouldn’t abandon your province and join the alliance.” Others nodded. “We don’t want Shiites coming into Ramadi,” a woman shouted. “We don’t want Shiite places of worship here.” More criticism ensued. “We need someone like Saddam Hussein,” a woman cried. “Someone who will get you into a war and make you all widows?” Mr. Hais asked, with a grimace that suggested he might want his money back. “At least we’re fighting Iranians and defending our country,” she answered. An hour later, the meeting ended uneasily. “They’re worn out,” Mr. Hais said, in explanation. But the anger seemed to run deeper, be more intractable. “He’s a son of Ramadi,” one of the teachers said. “We respect him in that way.” “But,” she added, “he’s made a mistake.”

News Report: Acquisition of power impede the political process in Iraq: Commission announced elections in Iraq received lists of names of candidates in coalitions or individuals from the accountability and justice invites them to write off these names from the register of candidates, As practiced by the ban apply to them, and the name of this body (accountability and justice) set by the government as an alternative, more aesthetic and smoothness of the name of «De-Baathification Commission», on the basis of that chopping inhuman expression without accountability and justice over who have not committed an offense. But this body according to the Electoral Commission are sent to the lists of more than 400 names of candidates and 14 calls Bcdobam entity and not allow them to run. The same mechanism is exercised by the diagnosis system in the interest of Iran before every election, where he was the names of all candidates Veetm exclude many of them not only those who remain loyal to the regime. This process itself, that were taking place in Iraq or Iran or anywhere in the world, a cause of political stability of the system and refutes the claims of democracy. Among those being denied, and remove themselves from the candidates for the elections, was left on the schedule less than 50 days, the figures involved in the previous elections, some members of Parliament or of the participants in the political process, such as Saleh al-Mutlaq and others, mostly Sunni Arabs, and some of the 400 nominated based on the context of the national reconciliation process that proved it at all stages of ink on paper. We have raised this process of exclusion, whatever the justification, mobility politically anti-social and political stability, as if that move the process wants to provide an atmosphere of this counter-movement of the elections and the political process as a whole. And those who are excluded are objecting to the process by saying: It’s the same for political purposes, want to seize power and run counter to the Constitution, which does not exclude, but who has committed an offense, either on the basis of dimensions of impressions and intentions and suspicions it is practiced by a totalitarian regimes and dictatorships. And also say: that all the political decision-makers are calling day and night of national reconciliation and unity of Iraq and all the projects have raised .. Many of the opponents have joined the political process since 2005, before the last election on the basis of this reconciliation, and perhaps the battalions (Awakening) and the role they helped the government to restore security and promote good example of al-Qaida threat. According to parliamentary sources for «Qabas» clarification of what’s happening to some of those who were excluded had made statements involving charges for Prime Minister Nuri al-Maliki, including Saleh al-Mutlaq, making it bristles with rage, rushed to launch a campaign that lasted days was the waving of exclusion because they are those with assets of Baathist It calls for not allowing them access to the parliament. this behavior involves a desire to seize the power. Can not be based on Iraq remains unstable, racked by personal and sectarian conflicts, it is out of the problem to enter another, and if there are views within the government and outside and left him lying in wait for the walking track .. And carefully planned to raise political issues with the street-type detonators. As an example: Before the last election and this time fully and exactly raised the issue of attack on Al-Jazeera Al-Sistani Volhpt angry street demonstrations against the space and religious groups supporting them as to the status of Mr. Sistani and prestigious high when angry people .. It was the exploitation of these events to those who won the last best advantage. Now, before the next election and the same time raised the same issue onthe basis of a mosque preacher in Saudi Arabia, attacking Mr. Sistani, which has triggered demonstrations against the new doctrine that Khatib and against Saudi Arabia, though Saudi Arabia was the first major Iraqi reconciliation, which held Mecca conference brought together all communities Iraqi parties and where. However, wishing to seize power are now, according to those sources, looking for all Iraqis and differentiate rally prejudices to their advantage. But the question is: How long? It is the winner when Iraq becomes a country of ashes?

Mutlak threatening to resort to international arbitration because of write-off its list of Iraqi elections: Iraqi Parliament threatened to Saleh al-Mutlaq said on Friday Baljawae the Iraqi government to international arbitration and the United Nations if it did not back down from its list of write-off parliamentary elections He said the Iraqi government that the decision of the justice and accountability barred to contest the elections for membership of the Baath Party goal of the marginalization of Sunni Arabs. Mutlaq said during a press conference that those behind the resolution people who want to be marginalized from the elections had previously been marginalized by force and arbitrary actions today, but I say let’s go to the elections no matter what happens to change things. “The decision is contrary to the law and the constitution .. We will go to Iraqi courts, first and try to address the matter through the Court of Cassation, and if the Court were not subject to political pressure, we are sure we will win the resolution .. If political pressures brought to bear on the court, then we will resort to the courts and the United Nations and the international community. The Authority has decided to justice and accountability – the former de-Baathification – to prevent 14 political entities from engaging in the legislative elections. Al-Mutlaq and responded when asked about not winning the case in discrimination, we will fight within the political process .. Will not leave and will not leave Iraq The project is a large bear from inside or outside the political process. He criticized the decision, saying: Is it not strange that the right to decide upon political bloc stretching from north to south by the officer rank of director general is not known to the President or his deputies in a treacherous and irresponsible. On the decision came with the visit of Iranian Foreign Minister Manouchehr Mottaki, said Al-Mutlaq: The most important of all those who believe that today’s rulers care about the interests of the country and stability, they do not care about .. Is time to change understanding dying and they know that the date of departure has arrived. Mutlaq, who heads the parliamentary bloc now includes seven members of parliament after having abandoned them four. It was decided to hold legislative elections on the seventh of March next year. Mutlak is a partner in (the Iraqi National Movement), which also offers a large electoral coalition along with former Prime Minister Iyad Allawi and Deputy President Tariq al-Hashemi and Deputy Prime Minister Rafie al-Issawi and other personalities and parties. Attended the press conference number of representatives of other political blocs. The representative of (the Iraqi National Movement) Dia Sheikhly, deplore the decision reflects the erroneous behavior works to the abortion of the political process. He added: Address, all doors official domestic and international to install right-Mutlaq run. For his part, the representative of the Shaker book list (renewal), led by Hashemi that the decision is in the series of liquidation of political opponents. Other characters that have prevented (the justice and accountability) Gandhi, Nehru, Abdul Karim Alkzenzani. The media and partisan media that Alkzenzani Kurdish figures, which has the weight of material and social, family owned newspaper (the East) and (Iraq ) and the bright television channel, based in Amman. He and some members of his family to the prison under Saddam and his family leading the way Hasidic (Alkzenzanip) was close to former Vice President Izzat Ibrahim al-Douri. prevention and resolution as well as long-Saad Asem al-Janabi, a businessman who owns the channel (governance) space, based in Baghdad, as head political groups to contest elections.

IHEC yet to decide fate of barred parties: Iraq. Iraq’s electoral commission will decide within days whether to ban 15 political parties from running in March polls because their leaders allegedly have links to former dictator Saddam Hussein, a spokesman said on Saturday.The move could threaten attempts to draw former supporters of the insurgency into the political process, a key plank in the US strategy to stabilize the country as American troops withdraw.Judge Qassim Al Aboudi, a spokesman for the Independent High Electoral Commission (IHEC), said the body had received complaints over 15 political parties from the committee dedicated to rooting out high-level supporters of the former regime.The whole process of “de-Baathification,” named after the former ruling party, began shortly after the US-led invasion, and has resulted in the firing of thousands of Iraqis, mostly Sunnis, from the civil service and education professions.However, the electoral body had not yet received its final formal report from the Accountability and Justice Committee, Aboudi said.It was expected imminently and the commission would make a decision within one or two days, he said.After the commission publishes its ruling in Iraqi newspapers, candidates and parties will have three days to appeal the decision before a panel of three judges specially appointed to deal with electoral matters, he said. Iraqi voters will be closely scrutinising the list for signs of bias. The country is struggling to overcome years of sectarian violence pitting its minority Sunni population against the majority Shiites. Sunni politician Saleh Al Mutlaq has already said he is on the list because his popularity threatens the Shiite dominated government. He heads the second-largest bloc of Sunni seats in parliament and is building an alliance with former Prime Minister Ayad Allawi, a Shiite, and current Sunni vice president Tariq Al Hashemi.

Chanchal: The Iraqi parliamentary committee to consider the legitimacy of the political entities of the write-off elections. Maliki: You must expel them from the entire political process! Deputy in the Iraqi parliament on Sunday that the council form a committee of three of its members to consider the legitimacy of the decision by the Accountability and Justice, which decided to write off the names of 15 political entities for the promotion of the dissolved Baath Party, including political blocs belonging to prominent figures in the political process. At the same time warned Iraqi Prime Minister Nuri al-Maliki, the return of Baathists to the parliament and called for “expulsion” from the political process as a whole. He said. The Association of accountability and justice is an independent government institution formed to replace the de-Baathification committee and the mission of hunting former Baath Party members to ensure that their participation in political action or, in many state institutions have issued a few days ago a resolution which called for banning the 15 political entities to participate the upcoming parliamentary elections that are expected be held beginning next March. Among the most prominent clusters of prohibited cluster MP Saleh al-Mutlaq, a secular Sunni who is one of the leaders of electoral coalition the Iraqi list, which includes many leading figures in the Iraqi political scene, led by former Prime Minister Iyad Allawi. This included a ban on the compatibility list head of the Sunni parliamentarian Dhafir al-Ani. The MP said Falah Shanshal, Chairman, Parliamentary Commission for Accountability and Justice, told Reuters that the Council had decided on Sunday, “a committee of three members to stand on the legality or illegality of the decision of the Justice and Accountability and the names of the latter subject to the resolution …. and the real reasons behind the move.” He said Chanchal, one of the three deputies who have been selected for membership of the Committee that the Committee will then report to the House of Representatives to ratify the decision or overturn it. The electoral coalition to which he belongs Mutlaq, which includes many of the most prominent political figures, including Vice President Tariq al-Hashemi and Deputy Prime Minister Rafie al-Issawi and President of the parliamentary bloc Dhafir al-Ani has threatened to boycott the elections if not overturn the decision. And formed a de-Baathification committee decision of the U.S. Governor Paul Bremer, who ruled Iraq in the period that followed the U.S. invasion in April 2003. Bremer’s decision and took the time to dissolve the Baath Party in addition to a number of Iraqi state institutions, including the former Iraqi army. And many politicians accuse the Iraqis, especially Sunni Arabs, De-Baathification Commission that it was during the last period a tool for political blackmail and liquidation. Most of the characters which have long been chopping are Sunni Arabs. And describes his parliamentary opponents Mutlaq, to be shared by the parliamentary elections that it would pave the way for the Baathists to return to power and the political process. Al-Mutlaq, a charge rejected as strongly rejected by the rest of the members of the coalition. On the other hand warned Prime Minister Nuri al-Maliki, the return of Baathists to the next parliament, calling for their expulsion from the political process. Maliki said during a meeting with a delegation of tribal leaders on Sunday, “Some are trying to return the Baath to parliament … I think it is our responsibility to examine carefully for those who are nostalgic for the past.” He said, referring to the Baathists, “should not only not to elect even expelled from the democratic process because they want a return to violence and dictatorship.” He said, warning: “If we do not improve the selection now … trust that Iraq will return to point zero.” The previous parliamentary elections held in 2005 witnessed a wide rangeof provinces and Sunni Arabs, which led to the marginalization of their participation in the political process. That would threaten the Iraqi List, which includes several prominent Sunni figures to boycott the elections lead to repeating the scenario of the province in the next election, which is often hurt the political process and opportunities for the expansion area, and its success.

Big Iraqi Dinar News. Kuwait buys Iraqi Lender

http://www.arabianbusiness.com/578318-kuwaits-burgen-bank-increases-stake-in-iraqi-lender

Kuwait’s Burgen Bank increases stake in Iraqi lender
by Rania El GamalThis email address is being protected from spam bots, you need Javascript enabled to view it on Sunday, 10 January 2010

KUWAIT DINAR: Burgan bought an additional 5.3 percent stake in the Bank of Baghdad for $10.7m. (Getty Images)Kuwait’s Burgan Bank said it became a majority shareholder in an Iraqi lender as part of its plan to become a regional player.

Burgan, the commercial banking arm of investment firm Kuwait Project Co (KIPCO), now owns a 50.6 percent stake in the Bank of Baghdad after it bought an additional 5.3 percent stake for $10.7m, it said on Sunday in a statement on the Kuwaiti bourse website.

The acquisition is part of a push by Burgan to move outside of its home market for the first time.

Related: Kuwait bourse warns 25 firms over late Q3 results
Story continues below ↓
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Several Kuwaiti lenders such as National Bank of Kuwait and Commercial Bank of Kuwait have been expanding abroad to offset rising competition at home where foreign players have entered the fray.

In 2008, Burgan agreed to purchase the foreign assets of Bahrain’s United Gulf Bank, another unit of KIPCO, for 194 million dinars ($675.5m).

This gave Burgan stakes in the Bank of Baghdad, Algeria Gulf Bank, Jordan Kuwait Bank and Tunis International Bank.

Burgan, which was founded in 1977 and is mainly active in Kuwait, said last year it would relaunch plans to increase capital by 200 million dinars as a way to fund the purchase.

The bank said in December it received central bank approval to raise its capital by 36 million dinars.

Burgan’s shares were down 1.45 percent by 0734 GMT. (Reuters)

refered by …… ->
url is -> http://www.arabianbusiness.com%2F578318%3Ftmpl%3Dprint%26page%3D Print | Email | Discuss this article| Share |

Iraq has received a loan of $ 7 trillion dinars to cover the deficit : Alaa al-Sadoun said Deputy Chairperson of the Finance Committee in the House of Representatives that the World Bank and IMF special drawing rights and made a loan to Iraq Bmlbg 7 trillion Iraqi dinars to bridge the fiscal deficit. Said Saadoun, a member of the Accordance Front, said: “The fiscal budget deficit of 21 trillion Iraqi dinars. Sntdark and recycled it through my existing budget of the past year. And the budget in 2010 was calculated on the basis that the price of a barrel of oil to $ 62,5, and the price The current oil is $ 73 a barrel. and this difference would reduce the fiscal deficit.” Saadoun predicted: “The vote is on the budget for the current year next week.” In this case, Something gotta give soon. And, The IMF could of just told then to RV! and the budget would not be affected.

ON MONDAY, JANUARY 11, 2010. IQD already rises from 1 US$=1170 IQD to US$ 1= 1111.1 IQD.
1 US Dollar(s) = 1111.1 Iraqi Dinar(s)
1 IQD = 0.000900009 USD
1 USD = 1111.1 IQD
We all hope in a week or a month ahead that it will rise and rise until at least US1=1 IQD.
YOU CAN CHECK THE RATE AT: http://www.iraqnewsworld.com. I hope that prove me wrong. Please tell me if this rate isn’t true on this website.

Hillary Clinton on Iraqi Dinars : Clinton urges US investment in Iraq. Clinton announced that the State Department was launching a US-Iraqi internship program in January 2010. US Secretary of State Hillary Clinton on encouraged US businesses to invest in Iraq, saying that country’s potential is “palpable”. Addressing the Iraq Investment and Business Conference in Washington, Clinton touted investment opportunities in Iraq. “Iraq sits at a global crossroads, and it is a country that, because of its religious and ethnic diversity, has a great potential for connecting up far beyond its own borders in terms of investments and other kinds of opportunities,” she told the business forum. The conference, organized by Washington, is aimed at facilitating contacts between US and Iraqi companies, businessmen and regional leaders from around Iraq. According to AFP, some 750 projects will be presented to potential investors.“For decades, Iraq has been disconnected from the global economy because of war and sanctions. Now we see the potential. And it is one that is based in broad economic growth, fueled by but not limited to oil production,” said Clinton. “And we believe strongly that economic development will go hand-in-hand with an increasing and very clear commitment to democracy,” she added. At the same time, Clinton underscored the importance of Iraq creating “safe and attractive conditions” for international investors. “That of course begins with holding national elections in January that are safe, free, and fair,” she told the conference, which was attended by Iraqi Prime Minister Nouri al-Maliki. She also said that a comprehensive hydrocarbon law was vital for regulating the oil sector. “As the Iraqi Government continues to make its reforms, I urge US businesses to really see all of the progress that has been made,” Clinton said, pointing to an improved security situation and stronger conditions for investment.
“The world is watching for every opportunity to invest in Iraq, and companies that wait too long may discover they are too late,” she added. Clinton announced that the State Department was launching a US-Iraqi internship program in January, which will place young Iraqi in technology start-ups in the United States, exposing them to “an entrepreneurial spirit” and helping them develop skills to use at home. All American can invest in Iraq by buying Iraqi Dinars, it is legal and you can invest today. The historical value of the Dinar has been over $3.00, today is under a penny. By buying a 25,000 Dinar note today for $27 after the revalue it could be worth $75,000. The new Dinar notes, Printed in Britain, are designed with the most up-to-date anti-counterfeit features, which includes watermarks, raised letters, security thread, and an optical variable ink along with other variations to deter counterfeiters. Isn’t everyone happy to hear a good news?

What happens to the ERM?Adam said that the ERM will take a place jan 12. Today it is already 18 and is it already RV or not? anybody knows about ERM here…..What is the rate today, anyone here knows….

Why does Joseph have perfect grammar in one posting, and then the next thing you know he sounds like a completely different person? Perhaps more than one person is posting Josephs commentary. Or he’s been cut and pasting a lot of stuff. What’s up joseph?

[...] what the heck this is all about – I just got back from Dubai where I met with a CBI (Central Bank of Iraq) employee. This person has been emailing me for several months, discussing certain topics [...]

OPEC seeks using euro in oil deals. Tuesday, January 19th 2010 7:39 AM. Tehran, Jan. 19 (AKnews) – Iran’s representative to OPEC says the group weighs replacing the dollar by the euro in crude oil pricing, adding that no decision has been made. “Members of OPEC are free (to use any currency) in their oil transactions,” said Mohammad Ali Khatibi on Sunday. He added that Iran receives 90 percent of its oil revenues in currencies other than the US dollar. Iran’s President Mahmoud Ahmadinejad ordered in September 2009 the replacement of the US dollar by the euro in the country’s foreign exchange accounts. Earlier, the Islamic Republic of Iran had announced that the euro would replace the greenback in the country’s oil transactions. Also, Iran’s Trade Promotion Organization announced in 2009 that it would completely exclude the US dollar from the country’s foreign revenues and reserves. Iran has recently asked Japan to replace the US dollar with the yen in oil deals it has with the Islamic Republic. The constantly declining value of the dollar and persisting economic crisis in the US has encouraged many countries to drop the currency in favor of a more stable one. Saudi Arabia, South Korea, China, Venezuela, Sudan and Russia have taken steps to replace the US dollar in their foreign exchange reserves. Earlier in November, the head of Iran’s Bank Melli (BMI) said Iran’s Central Bank and BMI have entered into negotiations with some countries and international banks regarding the use of the Iranian rial, the official currency of Iran, in international transactions and operations. Well in this case, will there be a possibility that Iraq will also use a EURO to replace the US Dollar, like what Iran did?Anyone here has better opinion…..Also, is there a possibility too that IQD will be RV using EURO to replace US Dollar one day?Anyone can help to answer it……

HI EVERYONE HERE. i WANT TO TELL YOU ABOUT THE CBI SPECIAL IMPORTANT BULLETIN AT:http://www.cbi.iq/pdf/bulletin f.pdf Can everyone here tell me that does this CBI BULLETIN has something to do with the RV…….

This is from last summer, just come across it, sure someone would have posted it but personally not seen it before but may have been on one of many breaks!
Interesting all the same. A coin eh? This brings up loadsa thoughts. A 25k dinar note is worth around $21. The smallest coin currently is 25 worth about $0.021.
Conscious / Central Bank: The version of a coin soon
مدير الموقع Site Manager
حجم الخط: Font size: Decrease font Enlarge font
واع/ بغداد /ح.ب Conscious / Baghdad / h. B
29/8/2009 3:08pm 29/8/2009 3:08 pm

أعلن مصدر مسؤول في البنك المركزي An official source at the Central Bank العراقي أن البنك سيصدر قريبا Iraqi that the bank will be issued soon العملة المعدنية للأسواق وبشكل أفضل بعد إصلاح نظام إدارة العملة إصلاحا شاملا . Coin of the markets and better after the reform of the currency management system overhaul. وأضاف المصدر لمراسل ( وكالة انباء الاعلام العراقي/واع ) ان”عملية إصدار العملة The source of the reporter (news agency, Iraqi Information / conscious) that “the process of issuing the currency المعدنية Mineral المدورة Recycled من السياسات النقدية Of monetary policy الجيدة سنعود إلى إصدارها قريبا بعد القضاء على بعض المعوقات إضافة إلى انه يجب Good will come back to be issued soon after the elimination of some constraints as well as it should أن تكون هناك بيئة اجتماعية That there will be a social environment اقتصادية مهيأة لتقبلها Ready to accept economic في السوق وهناك أمر آخر انه لابد من وجود In the market and there is something else that has to be a وسائل دفع لنظام المدفوعات Means of payment for the payments system العراقي Iraq الذي غاب عن السوق Who was absent from the market العراقي أكثر من 17عام ،مشيرا إلى ان المصارف العراقية غير مهيأة حاليا لاستقبالها لعدم Iraqi more than 17 years, pointing out that the Iraqi banks are currently not equipped to receive non – وجود أجهزة عد وفرز وتصنيف وخزن ،منوها إلى إن العراق بدأ يخطو نحو الأمام لإصدارها A counting device, sorting and classification and storage, noting that Iraq has started to take forward for publication ولكن لابد من أن نضع صورا كاملة لدى الجمهور But they have to put the pictures in full public عن هذا الإصدار “. From this version. “

Hi, I live in New Zealand. A few questions for the learned and informed. – I have purchased a few million Dinar off a trading site in the U.S and had them couriered to New Zealand. Figuring that was my safest option. Since purchasing I have come across information that challenges the legality of owning Iraqi dinar outside Iraqi. comments on this please.
Providing that I can, how is suggested that I cash in my Dina after R.V . I was going to fly to the states to do this.
Is it better for me to try and open a bank account like a Warka and buy that way?
I have little doubt that the Dinar will revalue positively its how I go about holding it safely that concerns me. I want to secure what I have and purchase a lot more. I am not a U.S citizen and do not currently have any bank account outside new Zealand. I know of others in my country who have purchased many many millions of this currency. looking forward to your advice. Have enjoyed reading Adams advice and information. Regards Grant