February 24, 2010
It’s not often we get one of these – an actual IMF press release! The IMF announced today that a two year stand-by arrangement has been approced for Iraq in the amount of $3.64 Billion (2.38 Billion SDR) to cover the balance of what Iraq needs to pay. $455 million has been approved to be made available to Iraqi authorities immediately.
Full release here:
IMF_press_Release_new_standby_agreement_Iraq.pdf
I let everyone know in chat the other night that this was coming, I hope you were listening or were on the email list or at least had someone who forwards you the emails! There are a couple more things coming, so stay tuned – this ride is just about over!
Yours,
-Adam Montana
February 22, 2010
Election news, Dinar news, Reval rates oh my! Just a quick update on some election stuff.
Al-Iraqiya List was rumored earlier this month as ready to boycott the elections if the Appeals Commission decided to ban them from it. The March 7 elections are obviously of major importance to us Iraqi Dinar investors, because it will be another milestone in Iraq’s march towards independence, both politically and financially.
Interestingly, a strange headline was listed on Iraqi Al-Rashid TV stating that there will be a breakthrough in the exclusion in the coming days. RoadsToIraq.com makes an interesting point:
Minutes after Al-Iraqiya officially announced the resume of the election campaign, Allawi pop up with an image sitting beside King Abdullah of Saudi Arabia in a quick short visit (and he headed to Cairo later).
The visit itself is not very significant, but the message behind it is a direct challenge to Maliki and other Shiite parties. Also for the Iraqi public to see this image is kind of — You choose, do you want to be close to Saudi Arabia or Iran!
With the Iraqi and Iran relationship so fresh in all of our minds, I can’t help but think there’s some truth to that. This has the potential to become a major issue in the elections, but we’ll be hearing more about that in the coming weeks.
I’d like to take a minute to answer the one question we all have: WHEN IS THIS IRAQI DINAR CURRENCY GOING TO GO UP?!
I like to joke in chat that the dinar already revalued, and you missed it… but that’s just for fun. The real answer is we’re looking at a change in the Iraqi currency value any day now. Major obstacles are being overcome every day in Iraq, and the majority of the redenomination articles are true. Don’t take that the wrong way – I’m not saying the majority of the translations are true, I’m simply stating the fact that lower denominations ARE coming, and soon. This investment isn’t the same as it was 5 years ago! 5 years ago I figured I’d have to hold my dinar investment for 5 or more years… and I was right, because here it is at a little over 5 years. My outlook is a lot different now, though! My friends, we are CLOSE!
I do have a bit of advice. The internet is full of people who try to be gurus on any given subject – weight loss, investing, and of course – Iraqi Dinar. Beware of anyone who says they know when the Dinar will RV, watch out for anyone who claims to have the “best intel”, and most importantly… have patience! Rome wasn’t built in a day, and most fortunes aren’t either. Finally, when the rate is announced, PLEASE don’t go rushing to Ali or any other source to cash in your dinar. The smart move is to be wise and patient, hold out for a couple of days, and let cooler heads prevail. The banks WILL be changing policy at the drop of a hat when the dinar currency changes status, and if you can simply hold out fora day or two, you’ll get a much better return on your investment – I guarantee it.
All my best,
Adam Montana
February 18, 2010
Morning all!
We’re moving forward with the Dinar Currency speculation. There was a bit of a lop scare for a bit, but I think the majority of that has been addressed. If you’re interested in a good read, here’s direct confirmation from Jack Thomson at Reuters posted on the forum:
We don’t have all the details about the exchange rate, but we’ve been led to believe this is only a cosmetic change to the bank notes to make payments easier.
One thing I know for sure is it sure doesn’t “get easier” if you have to count out hundreds of small notes for change after someone buys a loaf of bread!
Link to the full email from Jack: Click here.
February 15, 2010
Just a quick note to Dinar Currency speculators – the United Nations is meeting tomorrow to discuss the situation in Iraq. Could this be the end of Chapter 7, a resolution to the HCL, or something else of that nature?
Let’s hope so!
Discuss it on the forum. Thanks to Texas777 for posting it. (LINK).
February 11, 2010
The entire post is on the forum, but I figured I’d share it here too.
(You might have seen it elsewhere, but this is indeed our very own (Ex Member’s) article on DV. Full link)
Ok this is ***** here checking in. All of you know me and i not one on conspiracy theory’s. However if you all remember it was all over the internet like 4-5 months ago that the illumatti works in codes and hidden messages, and that certain intel picked up the following message.
A few days before the rv will take place, you will see a hidden message, in a major news paper with the coded message “life on mars”, the article was as well suppose to have coded the rate of the rv in the article.
Well don’t shoot me by posting this, i only have because of all the news of the pending rv this week, its all over the internet from about every source that its a red alert for an rv in the next 48-72 hours.
98 billion dollars gets transfered to cbi, 4.75 tons of gold, announcements from cbi of plan to come out with smaller currency, phase out the big bills, the start of the election in just 2 days, the talk publicly about lifting chapter 7, recent agreement with kuwait, payment to kuwait for missing persons by the un, investments signed in neighboring countries, do i need to say more.
Well it is only for all the reasons above that i was floored when i went to the news stand today and seen front page news in the houston chronicle about life on mars (brought to my attention btw by pirate).
Almost 5000 views in less than 24 hours and over 10 pages of responses… I think this is worth sharing. Take a peek, here’s the original article: LINK.
February 11, 2010
The biggest article out right now on the Iraqi Dinar seems to be the one about redenomination. Us Dinar speculators are hearing more and more talk about the slicing and revaluing.
One such article came out today on Reuters and several other news agencies regarding the Central Bank of Iraq’s decision in 2007 to come out with lower denominations. The article started with a headline that reads,
“Iraq plans to slice three zeros off currency notes”
And then later in the article it says:
“The dinar’s value will remain unchanged, he said.”
Are you kidding me, Reuters? How can the Iraqi Dinar “slice three zeros” and then remain unchanged in value? It can’t, so one of your points is wrong! I’m betting on the first point being wrong.
It’s widely accepted that sometimes countries will “lop” zeros, either off the notes or off the exchange rates. This is usually necessary when inflation is rampant or there are multiple currencies in place. Iraq has neither, so we have to wonder whether Iraq would truly “lop” it’s currency.
Next, Iraq has been allowed into the Extractive Industries Transparency Initiative (EITI) by unanimous decision, according to the Iraqi Ministry of Oil. Iraq will have one of the largest reserves among the groups in this organization, which obviously has positive implications for Iraq’s political influence on future oil based transactions.
And when I say “oil”, I mean black gold. For all the “green” movements in the world right now, oil is still king and will remain king for a long time to come.
February 9, 2010
If you’re still getting the error when you go to DinarVets, you will need to clear your cache or try another browser.
The site is up and should be good to go!
-Adam
February 6, 2010
Well, if this isn’t Grand Opening day for the biggest speculation of the Iraqi Dinar Year, I don’t know when it will be!
Brace yourselves! This is throwing the gates WIDE OPEN and it looks like we’re near the end. One way or another, 2010 looks like it will put a rest to all of our questions regarding the Iraqi Dinar. Read on, and tell me if you think I’m wrong or not.
February 06, 2010BAGHDAD — The Iraqi Central Bank is planning to redenominate the national currency in an effort to ease transactions and allow people to carry less paper money…
February 4, 2010
Early February 2010 Iraqi Dinar update… where is that dang RV?!
Hey friends, I know I’ve been a little distant lately – very few posts, no newsletter to speak of, and if you have been on the DinarVets forum… you probably know why. I’ve been busy updating the VIP members with news from my contact at CBI. I’m hearing some good stuff, but no verifiable dates or rates for an official RV or rate change for the Iraqi Dinar.
Since I can’t verify much on that front, let’s do a little speculating. One article of interest that doesn’t seem to be getting much attention is this one:
Iraq’s Prime Minister unhappy about competition. (link)
If you’ve kept up with the election news, you’ll be pretty well aware of the corruption and the almost humorous politics in Iraq. Up till now, I would have called Maliki a shoe-in for the March 7 elections, but a recent decision by parliament to allow hundreds of previously banned candidates to run should make things interesting. We all saw how Obama took the lead in our 2008 elections by giving the impression that he’d pay rent for the unfortunates who couldn’t afford it… and give free health care to those who couldn’t afford it… and pull the troops out… lol! Sorry, I got off on a tangent there. But, to bring my tangent full circle, let me present an idea.
All it would take for a candidate to sweep Maliki right out of his office is one statement: “People of Iraq, elect me and I will revalue the currency to it’s former value!!!!”
I’m not saying I have information that points to that happening… I’m just speculating. And insinuating. Ok, heck, I’ll admit it – I’m even pumping up the potential iraqi Presidential candidates.
If they didn’t think of it yet, I’m happy to give them a few pointers that might spur on a change in the rate of the Iraqi Dinar. 
More to come, I’m pressed for time. Don’t think I’ve forgotten about you! The DinarSpeculation.com train slows slightly at times, but it always resumes chugging along!
Best regards,
Adam Montana
February 2, 2010
Hey DinarSpeculation readers! I know, it’s been a week – and there’s a lot of good stuff going on.
The HCL is in the news, Chapter 7 is being brought up in some important circles, the budget has passed… and even more importantly, has STAYED passed!
I’ll have an update on here a bit later, I’ve been busy with some server issues. Stay tuned!
-Adam Montana