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.
Quick notes:
- I’ve changed a couple of things on the forum. I didn’t realize (oops!) that a couple of the links in the last newsletter weren’t available to unregistered people on the forum… I’ve changed it to allow limited viewing of the articles on the forum, without even registering. (Registration takes 2 minutes and is free, so don’t be scared to join the forum!)
- New threads are automatically showing up on the Twitter page. Here’s the link: http://www.twitter.com/dinarspeculatio
Next – Iran. I have some very deep seated personal feelings about Iran that tend to cloud my judgment and in fact make me see stars when I start talking about that country, but I’ll bypass them… for now. Rumor has it that Ayad Allawi (former Iraqi Prime Minister) had a secret meeting with the Iranian ambassador Has san Kazemi Qumi on Monday. It’s my understanding that several Iranian groups have influence on the Kurdish group in Kirkuk, which is Northern Iraq and a key component to the HCL factor in Iraq’s progress. It’s possible that Iran is getting involved with the Kurdish Coalition to work together on a re-election campaign for Maliki.
I realize that was a bit complex, hopefully the knowledgeable commentary on this post will be able to add some pieces to the puzzle here.
That’s it for now. I’m curious about something – how do you think Iran might be a part of the Dinar’s future value?
-Adam Montana
Related posts:
I would expect this to be bad news for the value of the dinar. If Iraq wants to enter the world as a sovereign nation it needs the backing of the U.S., France, and the U.K. The current status of Iran is not good with the rest of the world and this may make investors gun shy.
Patientally waiting.
ADAM,
THANK YOU FOR THE INFORMATION.
DO YOU KNOW ANYTHING OF THE VIETNAM DONG AS TO WHEN IT MAY RV?
Total disaster should that happen, iran already under sanctions & Iraq wants there chapter 7 lifted, that will not happen if the word gets 1 sniff of the buddie, buddie situation with iran.
Just seems there is just more hurdles to jump before the RV as usual, sadly they seem to get higher the more you run along the track
I can’t see where Iran getting involved with Iraq can be anything but bad news. If Iraq wants to move forward with what it started, it need to RV and give their people a chance at survival. Then and only then will they break free of the mental bondages of dictatorship.
I believe this would be a huge detriment to the forwad progression of Iraq. The world view even if lead by the U.S. cannot be good, so it would not be good for the platform they are supporting. IMO…..
I have great concern for any additional Iranian influence. They already have a huge influence with the Al Sadr group. My hope is that before the election this thing is thru!
Strange bed fellow! Secret meeting? Perhaps they’re discussing health care! Or perhaps keeping their friends close and their enemies closer. Can only hope they value a unified, democratic, prosperous Iraq over a destructive sectarian power struggle backed by a USA hating, Israel hating, Iranian people hating Ahmadinejad.
If Iraq goes buddy buddy with Iran, there will be no rv for a very long time to come. Mark my words on it. Maybe 30 years from now you might see it at .01 to the USD, maybe, if we are lucky if they get involved with Iran. If that were to happen there would be more civil war and possibly another currency all together different is more likely than seeing the current dinar RV. Lets hope and pray that they don’t become entrenched with Iran no one likes Iran, except for Iranians who currently reside outside of Iran. This is terrible news and lets hope just a really bad rumor..
Eric, I completely disagree. I went into it a little in my chat here: http://dinarvets.com/forums/showthread.php?11013-Adam-Montana-thursday-lunch-chat
Call me crazy, but look at the bigger picture. Right now, 1.00 IRR = 0.000101082 USD. It could be that Iran is trying to earn “brownie points” by helping re-elect Maliki so that, should the time come, and they want their currency rv’d, they can say, “Hey, we helped Maliki get re-elected so that Iraq could rv quicker. Could we maybe get a little help with ours, too?”. Yeah, I know. It’s a long shot, but who knows what compels some of those countries to do what they do.
I had a thought. WHEN the dollar crashes and it will, they will need a RV here in the U.S. After the confusion of the coming dollar collapse it is told that they will go to the AMERO and of course the North American Union. Now, if they do, your U.S. Dollar will be valued according to how many “Ameros” you will get for so many dollars you had before the crash. So, after the violence and the reorganization of states, under the 10 Regional, Five States reorgizational structure, identified in “FEMA Transition 2009″, page 24, your Dinars then could be exchanged or so many Ameros or Euro’s depending on the Conversion rate. Also it will effect the conversion if we go into the Verichip system. We know by historical research that the government set up the Great Depression prior to 1919. They launched the Depression to set up for a military coup in 1934 that failed according to a Congressional Investigation…..so what do you think about the next one coming soon and how it relates to the RV and the future Dinar?
If this link has been posted on here before, please do forgive me. Reading this has helped me get a better grasp on what is really happening. It confirms my theory i suppose. I hope this helps one of you out there.
Go Dinar!
http://www.dinarbanker.com/information-articles/iraqi-dinar-redenomination-and-exchangeability.html
The link I just posted seems to be from a site trying to sell Dinar, so take it with a grain of salt….it makes a lot of sense though. What do you think?
Adam I read your thread and although some of what you say makes a small bit of sense to me I still think that if Iran and Iraq become entangled politically it will definately hurt the RV for the NID. I believe this because Iran has basically been declared by the U.N. as a “rogue state” as with North Korea and if Iraq were to get in bed with them it would cast the same shadow “or keep the same shadow” on Iraq. Heck as it stands right now Iraq is still under ch 7 sanctions by the U.N. and in my opinion it will be very hard for them to do any significant RV while under this. If Iran and Iraq were to get into bed together it would kill any chance of an RV for some time to come my friend. This is my opinion at least and lord knows I hope I’m wrong cause I like many others would like to wake up some morning this year and be rich over night.. Hope your right Adam, I’m rooting for the RV as much as anyone. God bless
Here is a good read on the Iran Iraq relationship. Hope everyone enjoys and looking forward to hearing comments about it. God bless
http://www.irantracker.org/foreign-relations/iraq-iran-foreign-relations
So it sounds like the value of the dinar won’t change. If it’s just a cosmetic change, that means pretty much the three 0′s disappear off the notes, but nothing really changes. It’s just technically called “25″ instead of “25000″. It will still buy the same things…it won’t cause chaos…nothing is actually changing. Just making things a little easier to keep track of..I don’t understand many people’s reasoning…?
signs of revalue…
There is a LOT of activity right now that suggests the RV is Imminent.
1. Lower denomination bills hitting the streets.
(I have heard, but not verified demons as low as 10s and 20s)
2. Additional screens set up at the Auction House in Baghdad.
3. Security increased at all CBI (Central Bank of Iraq) locations.
(as well as these officers being informed that they will be working overtime in the next week)
As always, these things take time, even after announced.
Iraq is not known for timely action.
I have a question about the RV. It has probably been asked several times, and if so I am sorry to ask again but it is a nagging question for me and others I work with.
With the concept of removing 3 zeros from the denoms won’t the government just remove 3 zeros from the price of everything and in a sense turn a 25,000 note into a 25 note?
Otherwise how can the government and the Iraqi economy sustain so many instant millionaires?
Jesse where are you finding this info?Not jumping on you for posting just curious.
And yoda that is propaganda that they put out to try to keep anyone else as in more speculators for buying up there currency.Atleast thats what I tell myself when I hear that 3 zeros thing.They say they have 25 trillion dinar out right now and removing the 0′s would turn that to 25 billion dinars.The reason I don’t beleive they will do that is they have 52 billion in foreign reserves and just got back 22 billion and 3 tons of gold from someone,I think Europe but not sure.And they owe Kuwait 21 billion.So why would they LOP? Just my thoughts on the subject.Someone correct me if I’m wrong please.
yodamaniniraq:
My answer to you would be the following:
The answer is in the current situation. Their currency has not yet revalued, reason being is that their economy can not yet sustain itself if their currency were to be valued higher (they are getting there though). This is what we are waiting on, for their country to be strong enough to back a higher exchange rate for their currency. There are other factors involved as well I know, but this is a large portion of the problem, once the economy is strong enough, everything else likely will follow.
As for zeros being taken off the money, they must make smaller denoms to properly reflect the upcoming (fingers crossed) value of their currency. The bigger bills will slowly be taken out of circulation because…who the heck will need so much money in one note? It is not practical….this is the only common sense reason for making the smaller denominations…A one for one swap between a 25 & a 25000 would not serve a purpose, other than to spend money on REPLACING a brand new currency. They have to make the new notes for more practical reasons….the current notes will be to high for normal use once the Dinar RVs!
I hope this makes sense, I did not mean to ramble on.
Jay
I like the new look of the site I just upgraded my site today also.
Hi Adam,
I cannot connect to Dinarvets.com again. I cleared my cookies and history, rebooted, tried resetting my IP through disconnecting my wireless router (this worked last time), and called my ISP and they said it was a problem on your end.
Can you tell me what else I can try to access the site? I’ve exhausted all my options on this end. It’s really frustrating.
Thanks, Adam.
I don’t know, Bork – over 500 other people are on dinarvets.com right now…. I think your ISP is lying to you.
Bork,
Here is a solution. Go to walmart and get a new laptop for less than $425.00.
If you don’t like it, then refund within 10 days and get your money back 100%. CIS
Well, if they were lying, then I would think I wouldn’t be able to access all the other sites I am still going to . . . I called both Linksys and my ISP to no avail – they both indicated it was on your end.
For now I’ll use another’s computer with a different IP.
If you could check with your website host to see if they have any other specific ideas, I would greatly appreciate it.
By observing all the news letters and comments, I am not astonished anymore to understand as to why people in the western world has a completely different kind of understanding about middle eastern nations and people. For the kind information of everyone, let me put it straight here. In middle east, religion, tribal culture, sectarian division etc. are very much linked to politics and governance. In the case of Iraq, the majority are Shia Muslims. The same is with Iran also. The Shia community strictly follow their religious edicts issued by their clerics and these clerics are branches of the same tree, no matter whether they are based in Iraq or Iran. They are least bothered about the brainwork of Capitol Hill planners and their ultimate aim of political map. At the end of the day, they are one. Even now, they are one. Only Saddam was the exception. By decimating him from the planet, US in fact made everything easy for them to work together. To know their mentality, you should mingle with them deeply. In every gathering called ‘Mathem’, there is a sermon. By simply looking from the sky, you will not be able to penetrate into their mindset. Please don’t bash me for writing this. I am just trying to make you understand. Because, I have been mingling deeply with their culture and mindset for the past 27 years. As for all of you think that US has done a very great work for Iraq, you may be right from your point of view. But here, US has destroyed everything in Iraq, just because of one man. Everyone here knows that the intention of US was to loot Iraq’s natural resources. Saddam was only a reason to do so.
President Dinar:
I certainly understand where you are coming from in the first portion of your statement. This is why America has the seperation between church & state (though state doesnt mean any thing any more, Federal keeps over stepping their bounderies). The last part of your statement though is completly incorrect. The U.S. is not looting Iraq’s resources. You seem to be quit ignorant of that topic, so you may want to lay off that part. I know that you can not produce proof of this, so I won’t even ask you to.
Go Dinar!
Jason; Whether I am ignorant of the topic or am incorrect has nothing to do with the mindset in this part of the world. I was just conveying you what people think here. By laying off that part of of the setence is not going to change the mindset here. The question is, do you really want to understand what people think here ? As for the proof, the invasion of Iraq was based on false proof of WMD. As to your understanding where I am coming from, you are incorrect. To be specific, I am from India.
I think the real reason for US entering Iraq is to have some strategic place and maybe connections in the Arab Nation that can bring intel and maybe help create peace or understanding between the Muslims and the Christians. At this moment this religious fanatism of Ahmadenejhab and some other clerics and followers and their hatred to those you don’t live by Muslim laws, is very dangerous and could end the world as we know it. He has mentioned it already and is preparing nuclear armament. Also that’s what the Bible’s scholars have deciphered from the Armagedon writtings. They have said that a Nuclear war will come from that part of the world. The US as always is just trying to protect our world and the future. It’s a pity that religion created by man is totally opposite of the teachings of Love from God. Lets see
PresidentDinar:
You are from India. I am from the United States. This has nothing to do with what we are talking about. If this indeed is the mind det of people in the Middle East, then they are all wrong.
Our government did indeed lie to us about the invasion, but it was not to steal Iraq’s oil. Oil trade has always involved the USD, which helps our economy stay on track. Sadam was trying to go around that and utilize a different currency. This would have crippled our country. Right or wrong, that was the reason.
The US is not taking Iraq’s oil, plain and simple. The US actually is helping Iraq with the production of it, so they can turn their economy around.
If you are simply stating what the mind set is, I am simply stating that the mind set is wrong.
Have a great day….go dinar!
PresidentDinar:
I do not mean to pick a fight with you kind sir. I apologize if I came across rude. I know that the US made some very questionable moves. I was just correcting you a little. Good luck to us my friend…GO DINAR!
not kind sir.