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
Related posts:
Early February 2009 Iraqi Dinar update… where is that dang RV?!
is that date correct? “Early February 2009″
thanks for the information.will it ever rv?
Thanks Adam I have seen that one yet.And that is all it would take to win I’d vote for him.
Adam, A lot seems to be pointing to an RV very soon. Thanks for your input to help keep us informed. I agree that anyone wanting to make a lot of people like him – inside Iraq and outside – just needs to do a good RV.
(By the way, that is shoo-in as in shoo fly)
Great info Adam I appreciate it thanks.
Adam,
I have said all along that the key to the RV will be the promise to the people that the money will be revalued. You are right on the mark with that line of thinking. I also believe that it must happen before the relection to restore confidence.
I would like to differ on a statement you made recently about rving at $0.10. The problem with that thinking is that there will be many who will invest knowing that an increase is a guarantee. That would put more dinars in circulation and it would not draw out those being held. Just a thought. Slick
Thanks for the info. I am anxiously waiting!
I am always impressed with the fact that you share your knowledge……Great work as always – and thank you more than you will probably ever know. Lori
This didn’t exactly answer my question. I am wondering why the Warka Bank sets up two savings accounts. One is a USD and the other is and IQD. Also, I am trying to setup online banking to access my account, but I can’t download the file. It is in mdi format. Can you offer any advice on these.
Thanks so much,
Thad Troseth
Thad Troseth – here is a PDF version of it I posted in the VIP at dinarvets a couple weeks ago: http://www.dinarvets.com/files/warka-ebanking-application.pdf
Adam
I am a Dinar holder so am always interested in current news and your is one of the best. Keep of the good work. Thanks
Barry
I hope that if Maliki doesn’t use the RV to his benefit before the elections, that whoever wins will indeed do just that… With all this extra competition it seems to me to be a “no-brainer” that he would use something as strong as the RV of currency to lock in a landslide win.
Interesting, I feel same way that M needs to encourage rv. Thought that several weeks ago. If he was to see any effect of rv before the election, he would need time for the people to see the benifits of the rv.
Thanks
R. Sweeeny
I’ve always enjoyed reading the articles you send.
Adam – It is going to be interesting to see how this election pans-out, and its implications for RV. Keep us informed, friend. We are counting on you!
Adam, excellent article! I like the pumping..er..prompting of the presidential candidates. Thanks for all you do.
BTW, I bought and read your book. Now when I see you online, I’m reminded of what Patton said at Al-Gutar when he went against Romel
“You magnificiant bastard! I read your book!!”
Take care my friend
Mark
I believe that M is holding this as his ace in the hole and he will definitely use it this month and at the time he thinks will be the most advantageous. He’s not a stupid man and is after all a politician.
If the announcement isn’t made by tomorrow, will it be after March 7th? Only 28 days in February, 30 days prior to election is February 5th.
I dont see where iraq will get the dollars to pay everybody for their dinars. It doesnt just appear from a tree. I believe it will go up in value slowly as their economy grows, and they become an independant country with their currency on the world market. If it went up to a dollar overnight, it would bankrupt them, and nobody would want to work because they would all be millionaires. Sorry! I like the investment, but dont believe in fairy tales!
Sounds like a good idea to me for the candate to mention the RV-good for everyone! I would be surprised if they hadn’t considred that.
Have not forgotten, Adam. I follow your news and others daily. Just see no reason to bug you with more already asked questions.
Many thanks for all the info.
Bill Clark
Thanks for the update. Keep up the good work!
mike Ghareeb
thanks for the info Adam, very good point. Maybe the canidates would get in a bidding war on their own currency value.
Adam,
If the competetive candidates could suggest that would happen if elected, would it not then behoove, Maliki to make it happen before they could take credit for it? Furthermore,unlike what some have claimed, “no one can cause any changes within 30 days of the election or it would be seen as corruption” others say that the decision to RV and the rate has already been decided and approved by parliment and they are just waiting to make the official announcement. I don’t know if Maliki has any control, but, if he does, one would think that he would really be in a hurry to get the RV done! Either way, the outcome would be good for us…. Let’s hope Maliki had the power to do so and realize that he needs to protect himself if he wants to remain in his position.
Just my thoughts…
enjoy hearing from you and the updates.
I think it will happen BUT when. thanks
Thank you Adam,
I’ve been following a few of the blogs and yours I like the best.
Pierre
Thanks…..liked the article. Have been wondering
about the election and Maliki. If he doesn’t RV
enough time BEFORE election, he looses the advantage of an RV/RI. That would be dumb.
Your pointers are very interesting.
Thanks Adam Hope like everyone, it happens soon
thanks Adam
Hi Adam, My friends and I appreciate your updates, professionalism and “getting to the point” on essential information. A thousand words and chit chat on speculation is boring and worthless. So glad you are cool. Thanks for your book and a great web site, all good info. We stand with you as we wait for the reward of our trust in the Dinar. And we will never give up on you…..you are doing a great job.
Ihave been on Dinar vets since before Christmas.
Now I have posted at least 100 times done everything asked of me. I have e-mailed the webmaster at least 5 times. ant suggestions?
Mike Bruce can you rephrase the question?
Might want to change the year at the top – I usually start doing it correctly around June. HA
GJM HAHAHA! Thanks, wow… 60+ responses and you’re the first to point that out.
I think that it is good to throw thoughts into the political arena because words are seeds and seeds produce fruit( “RV”).
I always appreciate the information and newletters
any update..is helpful..
Thanks Adam
sis85935
Thank you Adam i have been busy but I check my enail every day for new hope it is soon
Thanks Adam good intel as always Thanks Jerry
Adam,
I don’t have much to say. I just read everything you send me and try to make some sense of it. I forward it to a couple friends who have also invested and they do the same. We all feel— “just getter done” Iraq!!!!!!
Thanks Adam…
Your time and efforts are definitely noticed by us who review your forum and remarks. Appreciate all you do…. Thanks Much
Hi Adam,
That would put a Fire under Malaki
to RV or RI The Iraq Dinar!!!
Adam don’t worry about it man you have done a great job on keeping us updated . Alot better then other sites telling us the rv will happen tomorrow and so on. So from me and the many others I know who come to this site to thank you.
Adam,
It makes perfect sense to me. I only hope this idea gets to the potential Iraqi Presidential candidates and they act on it.
Adam good information, but am I understanding you correctly. You don’t think there will be an RV until after the elections or if M. uses thi8s as a tactic to get reelected before4 the elections? thank you for all your hard work.
constance ranaldson I have opinions on both sides of the issue.
People, if you have the money to invest in more Dinars then do so, but don’t sacrifice a bill or something that is very much important to you and your family because speculations got you trying to buy as much Dinars as possible before a speculation date that is not even valid.
Just invest what you can, focus on your every day life and be patient. When it happens, it will be big rather it’s under $1.00 or over. But don’t let speculations cause you to not pay your rent or any other bills because when that speculated date come and there’s no RV, now you have to figure out how you’re going to pay your rent that you’ve rushed off to buy dinars.
Hey adam i appreciate you keeping in touch with me more than you know.i am very busy with my job i dont have acses to a computer when i am on the road as most people.from what i have seen this could happen soon.as much for our president he is a idiot thinking he can try to do all what he says.its not possible.the us would be bankrupt.personally i think it allready is it well tell in time.thanks again man later brett
thanks Adam. I am confident that it would rv. I am just more concerned that as a person living in the Caribbean and would have bought my dinars through a third party, when the rv happens how would i be able to cash it in. I understand that you would have to provide proof of purchase. I am also wondering if I can come to the US and open an account in anticipation of doing a later transaction when the dinar rv. Please provide feedback. Thanks
Raul, you don’t have to show proof of purchase for any other currency, and I doubt you will need it for this one. It’s a curency, you use it TO purchase things… not visa versa.
As always, updates are much appreciated!
Hello, Adam,
I am new to buying dinars and trying to keep up with all the news and rumors flying. I love your website so keep up the good work.
A nagging question I have is “What don’t they RV? What is stopping them?” I realize this involves a lot of quessing on an outsiders’ part but do you have an opinion?
Thanks
Adam
Sorry to repeat myself, but will the US Treasury have to ammend its Currenc;y Exchange Rate list before US banks can use the new rate?
Thank you.
dc1
Hey Adam
Thanks for the info.. Sounds great for upcoming election’s. Maybe this will get some good guy’s in there running the show.
Les out
Ok, I need to be informed on how the system works when it comes to currency exchange. Where do the dollars come from. I have been told that 1) a bank buys the dinar, 2) the bank sells it to the US treasury. 3) the US treasury then uses the dinar to buy goods from Iraq. Someone tell me if that is true or how does it really work. Because I am confused.
Thanks for the update. That puts us one more baby step closer. I feel the ride is coming to an end. thanks
I think your guess is as good as any. I know for sure you know alot more than some do. I appericate your openion & await any news you have.
Blessings on you & your family
jstwhstle
Adam
I am rather new with currency purchases, but i did buy Dinar, before finding your sight i truley didn’t understand the concept but your articles and updates are a blessing. Also the info on the election very good foresight.
Thank You Very Much
Linda
Mr.Montana
thanks for all the updates and the real news..so much better than other sites
Interesting. I have been hoping Mr. M would RV and make him a shoe in.
Adam Montana
thanks for all the updates they are much appreciated! I think we are getting close to the finish line. Keep it coming.
Just purchased my first lot of Dinars…got the tip last week from a gentleman. Looks interesting. In light of a couple of good oil field contracts…a passed budget and the pending election…for some sense of economic future and stability of Iraq…how does the recent suicide bombings and sporadic uncivil rest factor in to all of this.
Thanks in advance
It would seam something will have to happen soon. I understand that Iraqi government has announced it is discontinuing the use of the American dollar; so what will the government rely on in its place?
sorry but ho-hum to all this talk. nobody knows anything and speculation is just that. it seems nice to talk and expect and get excited but it will happen when it does and all this talk is boring me. won’t happen til we get out of their country
All of it is true and it’s not over yet. Read about it at Gulfnews.com
http://gulfnews.com/news/region/iraq/al-maliki-aims-to-challenge-lifting-of-ban-on-candidates-1.578595?localLinksEnabled=false
Adam, you are the best and your updates have
been great. Can’t wait for you to say RV !!!
God’s Blessings, Jean
Adam, you are the best and your updates have
been great. Can’t wait for you to say RV !!!
God’s Blessings, Jean
Adam,
Thanks for all the updates. I lived in the middle east for many years and I can tell you that they’re just as anxious for the RV to happen as we are. Unfortunately the violence there doesn’t stop. In my opinion, the insurgents there are probably backed by big oil corporations who dont want Iraq to get in the market just yet. I hope the Iraqi people realize this and wake up from that haze they’ve been in for so long. Thanks again, This is the best site for this forum.
Thanks Adam! I particularly liked the comparison to “O” promising goodies to the American people during election.
Good work as usual…many thanks
Rhonda
Adam, arn’t people fickle… Personally I like people who tell me good things about my Dinar. I was pulled from the brink of cynicism! Had it not been for operation optimism, who knows how far down…well lets just not talk about that. Daddy is very upbeat. Way cool. Has any one seen the movie Tooth Fairy? Remember what happened to that guy. I’m clicking my heels and clapping now. If one of you guys could tell me, that the global financiers have my back. I would share my toasting bottle of Jonny Walker Blue, with you on R day!
Greg Lindstrom I think you may have started early on the Johnny Walker Blue…
We have been waiting for years for our investment to come to fruition. I am glad I found your website. I am a little more hopeful now that it won’t be long now. I just hope some people north east of us don’t ruin it.
By the way, what does RV mean? real value?
Kathryn Says sorry about that, I usually clarify. RV is short for “ReValue”. Many people believe the Dinar will ReValue to a higher rate in the near future, and use the slang term RV to describe that.
Adam i really do like the infomation you have been giving, i do enjoy this site and talking with other members. I am really looking for that elusive RV. Thanks again
Thanks Adam for all the info I am still a little confused about the manner in which I can convert the dinar Do I have to have a warka acct. or can any bank do this for me as I live in a very small town with no big name banks……
Cary you might have to drive, but I don’t think a Warka account will be absolutely necessary. I do recommend getting one, though!
Adam,
Thank you for the updates. This has been going on long enough. Is it ever going to happen. I am not holding my breath.
Thanks for the update! let’s keep our fingers crossed.
still good speculation. I like it. Maliki should pr-empt and do it first eh!? Thanks and I have mhy ear to the ground so to speak (in the VIP room). Hope good news is around the corner.
good specualtion there! Maliki should pre-empt any comers and do ti first!! Got my ear to the gournd(in the VIP room). Thanks Adam.
Hey Adam, thanks for all you do, thanks for the info and all the effort you put into this site and DV.
I’ll add my thank you along with all the other dinarers. Appreciate your keeping me updated. Blessings to all
I share your optimism, Adam. The dinar will certainly make a move this year. Our patience will definately pay off. Happy thoughts.
I look forward to all the updates. Please kep ‘em coming. We all appreciate you!!!!!
I look forward to all the updates. Please kep ‘em coming. We all appreciate you
Wow thats alot of responces today.I am glad to hear you shouldn’t need to show proof of purchase.I had alot of people that all went in together and do not have any paperwork to prove anything.Thats been my feeling tho I’m glad to hear someone else say it to.It’s money when have you ever had to prove where you got a forign currency?I exchange US and Canadain currency almost every year and they never have asked.
Once again great post!
Sounds like a lot of competition in the election will lead to swift and drastic measures like a BIG RV….for him to be elected again. It will make everyone forget how he got there in the first place. So MAYBE a Rv of $3.86! Now Im just making that up but it sure sounds better than a little ole dollar! Hahahahaha! Anything over a dollar and the happiest man in the world… well maybe along with a thousand or two of all my dinar buddies!
Thanks Adam!
thanks adam you are nice rv soon
i’m pretty sure about the RV, but I don’t think it’ll happen any time soon.
the sooner will be great but with the security issue in Iraq,the upcoming elections It’s might take some time.
let’s pray for the Iraqi people and our retirement
Interesting… you posting for the candidates opposing for big M!! You think that will give M a push towards an RV??
Hello Adam
Thanks for information you give us, it helps and keeps us motivated…..
hi i read an article on american contractor
with an e mail from them to confirm that any and all dinar bought by anyone out side iraq (usa) the dinar is worthless and will not B
xchanged by the CBI . also i bought my dinar through TD BANK .I went back 2 buy some more a day or 2 ago,they said that the only way 2 buy dinar is if U R traveling to iraq and could prove it .WONDER Y THEY CHANGED POLICY ??
jiggsy (JOE ANDRIOLE) I’m not sure what AC is talking about or how old that article might be, but it’s not true at this time.
Good stuff! M’s time is running out!
Hopefully RV soon.
Adam, I think your idea is great. In my opinion with all Ive read, seen, and heard, I believe we will see the rv no later than Feb.21st.
Maliki needs to do something to create/keep a strong following if he is going to have hundreds of competitors…someone could win with a low percentage of voters (and a lot of friends)
Hello Adam,
Thank you for the information you have provided. I think it is funny that the minister is being a cry baby about a little healthy competition, but also your quick-wit about Obama tangent. Speculations are ok as long as you know that they are, so don’t hesitate. Anyway, look at me rambling on. Thanks for the info.
Adam, for you cash, is enough? Warka so isn’t necessary
John I absolutely advise having Warka, ISX, and Cash. Take it how you wish.. all three might go big, or all three might bite the big one. My advice is simply to diversify.
always great info from you Adam.Hopefully soon we will see an rv and we all can celebrate
@ Don D.
Think of it this way Don, if OUR debts (U.S.)were called in overnight we’d be bankrupt too. That isn’t how it works friend.
Thomas Jefferson
I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around the banks will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered.
Adam. You say that like it’s a bad thing. #96
adam
thanks for all the good info.
hey Adam, i have been i iraq since 05 and have heard about every rumor you can think of…. my feeling is that it should RV brfore the election but i don’t have the contacts you do so i just read what is on the net…. i have heard and in the process of opening a warka saving and checking accounts because they are paying a high interest rate…. like you stated if it flies i’ll have some money and if it doesn’t, i’ll start my fires at home with it…. one thing that i am sure of is that you will have only so many days to exchange the currency you now have… wish you all well… keep up the good work adam
Good reading. Enjoyed it very much….Thanks
I am still waiting-goo to hear things may happen soon
Adam,
You are much better versed in the Dinars than almost
everyone else and a lot of the exchange seems to be just a way for people to express themselves rather that factual information..however..you are about the only sourse of information..I have my doubts that we will ever see an RV, but hope springs eternal..so please continue to keep us informed..thanks again.
It’s all good feedback & speculation. I guess the hardest thing to do is wait! We’ve come too far for this not to happen.
thank you for all you do for us adam. i enjoy the forums and the chatroom. have learned more than i ever thought i would about iraq.
Thad Troseth you can download the doc. from warka bank after that you do… sigh….
Save document to desktop
Open Microsoft office Document imaging
file open (file name)
Adam thanks for information …
Adam i am in iraq been in iraq for five years.So no news is bad news sir.And thank you for all the hope you give to iraq.Hope is one thing.happy is everthing.If you’ve ever Lost a one-dollar bill,you feel pretty bad.If you lost more money, you feel even worse, but that’s nothing compared to how you feel when you’re sick or injured.It has been said that when wealth is lost,nothing is lost.When health is lost,something is lost. When character is lost,all is lost.So that’s keep the hope Thanks Juggernaut!
“Go Dinar Go”
Thanks for norrowing johns Q for us.lol
You could go that way you might make it you might die tho.Eitherway good luck bye now.lol
I think that you are right on. The Iraqi people have been hurting for so long that all you have to do is promise them “ice cream” to get their votes.
No, I haven’t forgotten about you or what has transpired. It’s just that until I see the fruit of my current investment, I am not willing to use what little I have for any further investing. Also, all of my life I have struggled for a living and all this talk of stocks and so on…… I feel intimidated, thinking that the guy’s that I’m investing with are the only one’s who will benefit with my money as they say to them selves…..ha ha, got’ya.
Iraq Business Forecast 2010 : Iraq’s economic progress depends, above all, on raising oil production levels over the coming years. We do still forecast fiscal shortfalls out to 2014, but they should be manageable. Supported by healthy current account surpluses, we expect the central bank to hold the dinar steady at around IQD1,170/US$ over the next five years. Tell me everyone, is this a good news or a bad news?I hope that prove me wrong.
this is great adam lol. can’t wait for rv or what ever. thanks again.
OH , yes I to have thought about competition for M, and it might very well clinch the happening of the revalue, if Im not mistaken I think Washington had a visit from one right before O’s speech, could be O is backing another possible candidate, we shall see, the best thing M could do right now is pull the trigger,as we say.Do you feel something needs to happen this week? And why do we have to find out exchange rate from a news agency in Iraq instead of CBI website,as we always have?
Hallo Mr. Adam, have a good day, i just opened account at Warka Bank using online register and was approved by account department. i’m not yet funded my account but will do so in short time, i’m have little doubt how the proses to get my client ID and password to login my account and also how to get account cardholder(VISA)..
I always injoy what you bring to the forum and also chat room–also sonny1–you guys keep up the good work–from 1 WI. person to another TKS.
What,if anything, does the April 15 Iraqi Investment Conference in Istanbul have to due with forwarding or perhaps delaying the RV of the IQD? Funny how they aligned the date of April 15th for their $$ conference. Also, please comment on Jiggsy’s statement…and I quote, “hi i read an article on american contractor
with an e mail from them to confirm that any and all dinar bought by anyone out side iraq (usa) the dinar is worthless and will not B
xchanged by the CBI . also i bought my dinar through TD BANK .I went back 2 buy some more a day or 2 ago,they said that the only way 2 buy dinar is if U R traveling to iraq and could prove it .WONDER Y THEY CHANGED POLICY ??” unquote.
It”s look like we are going to have to keep waiting a little longer Thanks Adam.
So what gives…how come my post was deleted?
I’ll ask the question again…How does the Iraqi investment summit in Istanbul on April 15th play into all this? I’m interested in your opinion on a previous question asked by Jiggsy about any and all dinar bought by anyone out side iraq (usa) being worthless and the CBI no willing to exchange it. Also the policy change by TD Bank not to sell any more Dinar, and making the following statement, “…the only way 2 buy dinar is if U R traveling to iraq and could prove it.”
Also..I would like a response to my first question(if you have one) back in the early stages of this thread…”In light of a couple of good oil field contracts…a passed budget and the pending election…for some sense of economic future and stability of Iraq…how does the recent suicide bombings and sporadic uncivil rest factor in to all of this?”
Thank you sir
Adam Thanks again for some interesting news. I don’t care who announces the RV as long as somebody does SOON!!
Go for it, pump up the candidates Adam!!!
Adam, Please answer harris! Is he right or wrong about the 1170 valuation for IQD for the next 5 yrs. He wants to know if this is good news or bad news. How could it possibly be good news?
Thank you Adam for keeping us update on the rv.
I look forward to all the updates. Please kep ‘em coming. I really appreciate your kind help.
Thanks again Adam
I’m honestly having my doubts about the entire rv
even happening. All these rumors about it’s gonna happen this day or that day, thats about to happen or this is going to happen, perhaps thier waiting for this or that. Are we just deluding ourselves, I’m beginning to think maybe all this hype is being put out by the very people selling the dinars. I know I sound like a sceptic but I’m just being honest. It just keeps going on and on!
I honestly hope I’m wrong but I’m concerned!
Adam…why do my comments keep getting deleted?
I’m losing confidence
Who’s doing the moderation? and what are the guidelines…are my questions too off the charts or what…??
For someone who claims to be in the “KNOW” I’m concerned that you would not be willing to answer some questions that are dealing with key issues on the RV of the IQD.
You can send me an email if you’d like with an explanation
You have my email…I’ll be waiting to hear from you…whoever you are
What affect the Iraqi Investment Summit in Instanbul on April 15th going to have on the RV of the IQD?
Reading words and putting thought and feeling in them is hard. But reading eyes has more then words and feelings, it shows the truth and thats what I’m watching insted of all the words. But the down fall of that is there is no paper work or links to back it up. Its all wait and SEE. I think everyone over there knows that action needs to take place instead of just words. Thank you for all your hard work and the actions you back it up with. Sorry, but i still have my doubts with anyone I can’t see
Well harris I think that sucks.I’ve been in for 5 years what a nother 5 right.I glad you all can’t here me screaming rigtht now.Do you have a link to that?I hope this is a ploy to get alot of people to loss hope and sell off there dinar.Not I,I am in to the end.
Thanks Adam, keep the information coming, we do appreciate all that you know or speculate.
You guys all need to relax. Seriously, the posts are information for you to digest. Stop bashing others, especially Adam, for getting your hopes up because you’re greedy and want to become millionaires over night. Just chill. Keep leading your life as is and when it happens it happens. Does all this info get you excited? I hope so. But just because it doesn’t happen because a rumor doesn’t pan out doesn’t give you the right to blame someone else because you quit your day job expecting it to RV. Chill. It will happen when it will happen. Until then, take this info for what it is…info! We are not the insiders, they are. So let them help us understand what’s going on here and there and keep the faith.
I would like to offer you my apology Adam for misunderstanding the moderation and approval process of postings. I look forward to peeking in to the blogs and forums that you sponser, and getting educated on the dynamics surrounding the subject of Iraq and their monetary system.
Best to you my Friend.
Larry B
[...] Here is the original post: Quick Dinar update | Iraq Dinar Speculation [...]
Hello Adam and thanks for the insight. However, I was under the impression that it was taken out of Maliki’s hands and turned back over to the Minister of Finance. Is that wrong?
http://www.rferl.org/content/Iraq_Planning_Currency_Redenomination/1950504.html
How many times did you hear this would never happen.
Joe, I’ll have an article up about that shortly
Thinking about RV and the ongoing currency trading that occurs every day in the forex market – it seems that the stability of the Iraqi economy has to be based on the long term value of the IQD against all other currencies. Foreign Currency trading is driven by pressures to sell and pressures to buy. Where would the pressure to buy come from – if billions of IQD suddenly flood the market for immediate exchange to dollars or any other currency in the world. Help me understand how the value can be sustained initially?
I haven’t forgotten about you either, I read your posts and e-mails whenever I can! ^_^
Thank you for keeping us up to date, I’m eagerly waiting for the RV.
2/6/10 I really believe that the I dinar will have to be devalued to bring it own to earth with other currencies, 40 trillion Idinar in circulation will not work. If they devalued 10 for 1, and gave us a dollar for the new value, hey not a bad investment. I do feal sorry for the people who think a small investment will make them rich, IT CANNOT HAPPEN, IMO
I know adam if they lop it will be it will be off the exchange rate.But thats not what this is saying at all.I would love to be wrong.This may go down as a huge scam.I was once told by an iraqi.If I were to do a business deal with my father and I had the opertunity to get an extra 5,000 out of him and I didn’t.He would never respect me again.He said thats how we are raised to do business.
Well,
If I am reading what Adam just posted, I have a feeling we all got played and fell for it. I hope someone tells me I am wrong. However, if they take the 25,000 notes and make them 25, then if you have 1,000,000 in a warka account, won’t it now be 1,000? This is what I am making out of all of this. I hope someone tells me I am wrong. Otherwise, we kind of fell for it.
i am confused how dropping three zeros is good news? that makes 25-k 25-dollars
is adam going to be on here in half hour??
if the iraqi dinar rv, would I need to proof were I got before exchaging it?
I don’t get it…? They are going to RV the Dinar and then subtract 3 zeros..So if it gets valued to 1:1 IQD/USD then erase 3 zeros it would make the 1,000,000 worth 1000 dollars. Is this right?
Scientifically speaking an RV could happen at any time from right now or onward. It’s my opinion
Sounds good to me. Keep up the good work and thanks.
Joe…doesn’t matter how you slice it 1:1 ratio means just that 1M IQDs = $1M…it won’t go 1:1.
With all that Adam and this forum offers…I speculate that IQD may RV at about 10:1, which isn’t a bad return…
Thanks for all the hard work in getting info to your loyal followers.I appreciate your dedication to detail.Please give me your thoughts on converting my dinars to an electronic deposit ,it’s my understanding it will protect them if they change the Dinar.If you agree,how do I do it?
Thanks again,
Jim in Louisiana:From the Who Dat nation,Go Saints!
Jim look into getting a Warka account. The link is on the right column of this site.
I thought about the Warka account but how would that work?If they do lop(which I don’t think will happen)and you have a million in your account and a million in your hand.How in the hell would that fly if they told everyone that you still have a million in your account but the million thats not in your account is only $1000.What the……..?
Adam or Daren I would love your input on this.
Or any of my fellow investers for that matter.
Thanks for the info and updates..adam.
I know I am new to this iraq dinar investment and just from all the rumors that I read in this blog I am just thinking that the iraq government doesn’t like people who aren’t iraqi citizen to buy Iraq money IQD cause they don’t want the people who aren’t iraq citizens to prosper to get very very rich just by buying iraq dinar IQD. And the iraq government cares about iraqi citizens only and they want the iraqi citizens only to prosper by rv’ing their own dinar IQD.Therefore the more foreigners who aren’t iraq citizens buy more and more iraq dinar IQD, the longer the iraq government will purposely extend to RV dinar IQD in a unlimited time. Adversely, the more and more foreigners who aren’t iraq citizens sell their dinar IQD as much as possible, The fastest the iraqi government will RV their dinar IQD as soon as possible. Also, the more and more foreigners aren’t interested to buy iraq dinar IQD, the iraq government will RV quickly too. So Actually, iraq government can RV at any time suddenly without advance notice. So I think like the election and the US troop withdrawal by august 2010 or end of 2011 have got nothing with the RV. I am very sorry to say this to everyone and I don’t mean to discriminate anyone based on nationality, etc. Please don’t ever think that I prohibit everyone buy dinar IQD. NO NO don’t ever think of that. It is up to you if you want to buy or sell iraq dinar. I know this is just based on my own judgment and I hope my own judgment will prove me wrong. So From my point, I just want to get a second honest opinion from you if let say if you pretend to be maliki that runs the election now, what would you do to prosper the live of iraq citizens that mostly live below poverty line? Would you still care and concern more to iraq citizens or people who aren’t iraq citizens?come on please give your second honest objective rational judgment….all of you here…