Iraq Dinar Speculation

So, Daddy, is sure that the European or American bank will change Dinar? For you the RV is really close, when?
And when RV appears, how I can take “million” without the suspects of the bank? Let me know, thank bye!

DinarDaddy,
Several people have brought up the idea of Iraq lopping 3 zeros off the dinar notes. This seems logical but obviously not desirable for us. How do you see it?

Here are some links regarding the Gulf States Currency…

http://www.infowars.com/gulf-states-agree-on-monetary-union/

http://www.infowars.com/gulf-petro-powers-to-launch-currency-in-latest-threat-to-dollar-hegemony/

Regards,

Mike

That was well put together.What I read about the chap.7 yesterday was it has to be lifted for them to be able to buy missiles that have a range better then 150 miles.Thats all that art.spoke of.But whatever excuse they use doesn’t matter as long as it get lifted.

John, I do feel certain banks will exchange the Dinar, as it will become an internationally recognizable currency upon the lifting of Ch. 7, and re-valuing. Also, I do feel the signs in the news are pointing to them revaluing their currency sooner than later. That’s just my opinion however, so take it for what it’s worth.
.
Scot, I don’t see how the situation in Iraq lends itself to being a “LOP”. They have had very low inflation numbers for some time now. Throughout history, the only time a “LOP” has occured is when hyper-inflation has been the predominant problem.
.
Joe, I agree.

Dinar Daddy,
Glad you decided to keep your website current and join us here in supporting Adama and his efforts to help the people of Haiti. Hang in there buddy! You are appreciated very much!

Dinar Daddy;
Thanks for the heads up. Just bought more Dinar today.

Welcome Dinar Daddy,

I really hope you are right about the reval happening soon b/c as I am sure all of us are, I am anxiously awaiting for it to happen with the quickness. I have been sitting on my dinar since 2004. Most of my bills are fairly new. Momma needs an early retirement!

Dinar Daddy,
Thanks for your insight, I am very excited about what the near future holds. As a long term invester (5 years this May), I have been watching the signs and seasons, and have anchored myself to the highest place and ready to go!

Were can i read this chapter 7 then

Daddy,
I like what you have to say. Another good voice to hear valuable information is always a positive! Do you have any insite or news on the possible RV and how soon it could possibly take place? I have read anywhere from a day or so up to Feb. 7th and some say even further out??? Whats your opinion?
Thanks Gary

Stephen, There is information all over the net discussing Iraq and its need to be lifted from Chapter 7. One such article I reviewed in my posting. It is clear that Chapter 7 must be lifted in order for Iraq to be truly sovereign. Though, we know that Ch 7 has many intricacies within the written text, and what we don’t know is which parts are critical for the RV, and which are meant to remain for a while to protect Iraq from other countries. At least, I don’t know what those are anyway.
.
Gary, my SPECULATION on possible RV dates is just that… SPECULATION. I’m hoping by Feb 7th. If not, I don’t feel we’ll see it until after the Iraqi elections in March. If nothing happens by the end of April, I’ll be resetting my hopes to the end of 2010. That’s just me though, and I certainly can and am open to being wrong.

Stephen here that link.
http://articlesofinterest-kelley.blogspot.com/2010/01/iraq-chapter-7-international-effort-to.html

Gary knowone knows when or how much.We all do our research and share what we can.It could happen at any time,it could be years out but who knows.I have been in this for alot of years now and it has never look so possitive for us like it has lately.

Enjoyed reading what you and others have had to say . Hope all the talk is true that by Feb 7 dinars will be RV’d.Keep up the good work.

Daddy, at this point do you recommend cash, or a Warka account?

Missing link

http://articlesofinterest-kelley.blogspot.com/2010/01/january-23rd-gcc-monetary-authority.html

Thanks for all of your research, I’ve been involved with the dinars for over 6 years and I was told when I brought them not to expect anything for 6 to 10 years, well it looks like the person that told me this is right on target. GO DINARS

Hi

Thanks Joe but i want to read what chapter 7 is, i have read the news bulliten before but i would like to actualy read what is contained in this chapter 7 sanctions.

Just to see if me & many good friends of mine can break it down with the press releases of resent times.

I have many well educated friends in the financial sector, sadly im not one of them going by my gramer LOL

Regards All

Stephen

Daddy
I just got off the phone with the federal reserve bank of san fran. They say that when or if this RV happens they could recall all the large bills to a central location most likely in Iraq and only give you a few days to present them. Have you heard of this before

What is the date Feb. 7th that everyone is speaking about? I guess I have heard so many date from so many people some say soon and others sat 2012 or later. Just not sure what to follow..

The mention of a “monetary union” is very unsettling. It sounds like they will come out with a common currency similar to the “Euro” in Europe.

When the “Euro” came out, the participating countries each had their own conversion rate and they exchange their countries currency for the European Union’s currency (Euro). Maybe Iraq will participate and that is going to be when us investors will get our conversion.

The question is; “At what rate?”

hey i have a question for whoever can answer. is there going to be a “window” to cash in our current dinar? or would it be possible to say sit on some of the investment to see if it makes a higher return?
i would also like to say thanks to everyone for all the info that has been provided it has been very informative

Very good post and excellent writing.Welcome aboard Dinar Daddy and keep up the good work

Not to kill everyone’s excitement but I don’t see the RV happening til we get out of their country. That has been said to me since I heard about this almost three years ago. Hope I have heard wrong or we get out soon.

You may read all the articles you want on my blog at http://www.dinardaddystidbits.blogspot.com, or at http://www.theiraqidinar.com I hope to continue to both promote what Adam is doing here, as well as share what I do there.

Great work, Dinar Daddy!! This becomes more interesting each day. We are all grateful to you and Adam for all the info. God Bless……

Hi,
Stephen
Here is the link to read Chapter 7 UN
http://en.wikipedia.org/wiki/Chapter_7_of_the_United_Nations_Charter

Thanks for the great info. Just wished that work was better so I could invest in more Dinars. Hopefully the current price bears out for a few more months then maybe. Again thanks.

Excellent post Dinar Daddy. I like your scope of things and the way you worded it. I’d invested early in 2005 and for the longest time paid no attention to it until late 2009 when the news started peaking my curiosity. I’ve been excited about what’s happening and also expect it to RV soon. I sure appreciate what you and Adam are doing. Keep up the good work.

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?I hope I was wrong. Anyone can help to answer it……

Hi Adam and our new found Dinar Daddy,

Appreciate the updates and closely observed info from you. I hope that positive things happen in regards to the RV, and that you will continue to keep us updated from your perspective and research. Thanks

thany you for the info i hope it comes through soon i would like to retire early and i am so glad my son told me about the Dinar and was able to purchase some welcome to the sight and thank you again Lavina

I was wondering if you open a Forex account buy iraq Dinar on there, and then when it RV you can sell there, bypassing the dollar exchange????

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…….

Welcome and thanks for the heads up Dinardaddy

It was exciting to think that the political machinery of Iraqi would take advantage to get the RV set prior to the elections which would enhance their chances for being elected and getting the masses to go to the poles. Time, now, has lasped, the RV cannot be effective used by the politicians – so we can’t expect the RV until after the elections. Hey, that’s OK too! Ammending Chapter 7 and the newly elected officials is going to take time since the future of Iraq and it’s economic ties are critically important to sustaining it’s government and infrastructure. Just be ready and contact your Bank to make certain that they are or have a mechanism in place with the Iraqi Banks for the exchange and hopefully, electronic transfers which would be quick and clean.

I’m a relatively new member here, although I invested in Dinars back in 2004, I just recently started paying more attention to the impending RV/RI. I was very happy to read all the information you’ve shared with all of us and feel much more confident in my investment. Thank you for your insight, you and Adam are terrific! I will be looking forward to all news and or opinions you wish to share! Hopefully, very soon all of our prayers will come to fruition.
Welcome & God bless,
Joe

Hi WDMCB

Why do you state time has lapsed before the elections for rv, what basis are you quoting this on???

Regards

Stephen

Time has not lapsed. They have until Feb. 7th

I am holding dinar as an investment but am concerned over the large denominations. The 10,000 bills and 25,000 bills are a concern. With so many people holding large values of dinar, I am concerned that we will only have a small window to convert these while the dinar is at a lower value than if we had small denominations of 5, 10, 20, 50, 100 bills. If everyone cashed out at the same time it may crash the currency. The country/Central Bank of Iraq may not be able to withstand this. I need some feedback as to anyone understanding this concern. With smaller denominations, I wouldn’t be concerned about the CBI phasing out the larger currency notes. Tribul9

i see 25000 dinar is 25000 dinar if you have it in what ever denomination ..whatys the big worry ..you goin to cash in 10.or 25000.could you Imagine how big a sac you would need for 1,000,00 1QD 5. 10 bills ..i believe its all good

have faith in your investment..you worry if there is going to be enough money in Irag..just look around yourself how many people do you know personaly that bought dinar..i couldn,t count how many people i told butcan count on 1 hand how many people that actually invested in iraqi dinar..some people don,t get the big picture..sorry when we cash in ..my brother told me ..he told every truck driver he met ,waitress friend etc ..he tell them by $50 WORTH ..POOR PEOPLE INVESTMENT

Hello to every one I went to work in Taji Iraq June of 2004, and started buying the Dinar right after I got there and would buy them when ever I could. I was there in country for a year and a half. I felt like God had given me a great opertunty to buy them to have a better life in the good old U. S. A. And to help my family and friends. I hope it hits soon. Before 2012 any way.

tribul9,
I have the same issue. I have been told that there is no worry about the large bills. I personally have over 10,000,000 dinar… all 10,000 and 25,000 bills. I was told that when the RV takes place that we will have a window maybe 45 or 90 days to “cash in” the dinar. Once we are past the window the large bills will then be worthless and the will start using more bills like the USD $100, $50, $20, $10 and so on.
I was also told that most major US banks that deal with foreign currency will be able to exchange the dinar. I hope this helps and that my source was right.
Good luck to all the fellow Dinaraires who may be millionares soon!

pride
I have told hundreds of people the same thing.I said to just spent $100 if nothing else then you wont be out much. Most of them looked at me like I was crazy and I am waisting my money. Oh well!
I told my best friend about the Dinar and its potential, He told me investing in Dinar is like going to a horse race and betting on a jackass! So when it “revalues” I am going to buy a jackass and ride it to his house and leave it in his front yard.That will be AWESOME!!!!! I get more excited about the dinar every day and I have had it since they first printed the new currency. I can’t wait!

Matt
What is the Feb. 7th? Can you help me out?
Thanks Gary

Gary,

Feb 7 is exactly one month before the rescheduled March 7th elections. Word has it Iraqi law prevents any policy change regarding the budget/monetary policy to be enacted within 30 days of the polls opening. So, some feel that Maliki could take advantage of that by getting the RV done before Feb 7th, as to gain more Iraqi voters.

Feb. 7 is the last day the current President can put into effect and RV. If not done by then, it cannot occur until after March 7 when the election takes place.

I have told everyone about the investment and like most I said just spend $100 and 90% said I don’t think so.Or yeah thats awsome I gonna do that and never do.I gave everyone there chance and I aint lending knowone sh*#.You had your opt.

Thanks for the info. so many dates out there is sometimes hard to follow.

Gary… That was FUNNY right there! Please take a picture of you riding the jackass to your friend’s home please. LOL!

Thank you all for your kind words.

I have 1 million. Is it too, or not?

Very interesting reading all the opinions.

1st I would like to welcome you DinarDaddy,also I would like to thx you for all this info that you provide to us about the Dinar, let me tell you I bought my 1st Dinars about 6 yrs ago and my 2nd ones about 3 yrs and I have been waiting since and if I have to wait for another 6 yrs I got nothing to loose. God Bless You All

I know that this news was already happened last year in the summer, but have everyone already read this news. Firstly, Sorry I don’t mean to scare everyone about this news. 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 الم 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. “

Giorgio, sei italiano?

The Feb 7 th date is not only 30 days prior to the election, but Iraq also needs to make a payment to the IMF 30 to 45 days prior to their due date of march 17. In conclusion, Iraq needs to revalue before Feb 7 in order to be able to afford to make their 1st payment to the IMF. So keep your fingers crossed that it will happen ASAP! Good luck to all!

Also FYI, xe.com is a currency converter web site that is pretty accurate and up to date on rates. Just put in how much dinar u have and it will convert it into ISD.

Oops! I meant USD. : )

Hi

What happens then if iraq doesnt make or afford its first payment to the IMF, would this be a very big mistake should they not pay up in time.

Anyone has the answer to that.

Good thinking Matthew.

I just cant see them not paying the first installment as this will reck any hopes that we have.

Wow headaches from all angles this month.

Need beer to think

Regards

Stephen

My thoughts are the IMF would not have loaned them 7 trillion
Dinars if they A. Thought Iraq would not be able to pay it back and B. Knowing the dinars current value, didn’t have some sort of insight as to when and what the dinar was going to revalue to. Again these are only my thoughts.

GARY..you will need that jackass to carry your money lol..all you dinar vets KEEP YOUR FINGERS CROSSED

fOR FEB. 7TH

Ya I hope I need a buss to haul it all. I have a safe and I hope its big enough…. Hahaha! Anyone with good RV news bring it on!

Atleast they past the buget now what is the next issue going to be?

Good thoughts Matt

Why does the CBI. keep selling millions of dinars every day [195.million on monday alone] anybody have any idea why…how long can they do this..it,s like selling money you don,t have..do they just print it when they need it ..
keep the faith