Iraq Dinar Speculation

I am holding this IQD for past 6 years. Can you say me who is the authorized dealer or Bank in Dubai.

Whats the latest from your CBI contact? Thanks Adam.

An economist friend of mine said we would not see anything happen until the daily bombings stop. Please address this statement.

Once the RV occurs, do you have any step by step directions on how an investor would convert them; which financial institution, what pitfalls to look for, how soon will these institutions be prepared to facilitate the conversion, etc? Based on what you are seeing, if someone did not “need” to convert all of the Dinar, is it advisable to wait until the Dinar raises in value and is this likely to happen, over what period of time? Thank you, Adam.

What source do you think the rv news will be announced through?

what tax issues will we find when we start to cash out our dinar?

While the general consensus seems to be that “something” will happen relatively soon with this investment, there is no consistency as to what is likely. I’ve seen everything from almost no return to $2.49. Is there any amount out there that has a basis in fact and logic for those of us new to this whole financial investment realm ? Thanks

It appears that I have been banned from the forum I have attempted to log in 15 times and I get rejected.
thanks,

if you were banned, it would tell you you are banned. Try the password reset.

Will there be a problem cashing in 25,000 notes? Or is it possible to trade them in for smaller notes, and where?

What Mr Maliki said is exactly right as re-evaluation is depended on economic recovery and CBI is authorized to come up with the right solution. Within 24 hours, CBI clearified that the current reserve of $43 Billion is backing up the exchange rate. Now what I understand the value will be gradually appreciated as the economy of Iraq recovers. However, with whole respect to Mr. Ennorste and his analysis, I fail to understand the rate projection he presented. My question is, in history of currency, has there any revaluation in any country that went up to 100 or 1000 times ? I would expect you not to connect your answer with Kuwait as it had a completely different situation, in terms of infrastructure, political stability, foreign reserve, amount of currency in circulation, the period of chaoes etc. Thanks.

I believe that the rev will be higher that what is predicted. otherwise it would not do Irac anygood. to get out their situation. I believe it is to help the people in Irac. The bombings doesn’t help any. Our banks will not touch the Dinar because of it. Hope we are not disapointed.

good stuff folks, keep it coming!

Number 1 Question: Time frame of RV and based on what? What can we do to help this through? Can we write anyone? I saw, I believe puffsplus write to cbi through their website. Is that wize? Should we be squeaky wheel?

voting today in iraq.do you think the reval will only be 15%?any idea where in the usa a reputable money changer is?

1)Would you recommend waiting a bit once the RV is announced or cashing in right away?

2)Do you have a recommendation where to put the money for tax efficiency, such as creating a Foundation?

3)Once cashed in I am hesitant to put it all in one place-our own economy could render itself unstable eventually too), what would be your call? (I have 2m dinar. Gold and Silver and property feel right, along with accounts in several banks, not just one.)

Your wisdom would be really appreciated.

Adam,
I am newly invested with $25,000 notes. A friend has $100,000 notes. Should we be trying to trade these in for smaller denominations, or do you think these will hold their value? I am seeing lots of different opinions about this and don’t know what to do. I am very new to all of this and it is complicated for a beginner. Thanks for your input.

Hello Adam, I am a new dinari investor and thank you for your newsletters, time and dedication to this investment. Your e-mails are the only way I keep up on this investment. I have a couple of curiosity question for you:
How much money would you project that Canadians(I live here) and Americans have invested in dinari? I am assuming that this is an incredible amount of cashflow of worldwide value that has been handed over to Iraq that is much more powerful in the market place than their own dinari.
A. What would be the impact in Iraq if:
American’s and Canadian’s exchanged back our dinari for our own currency tomorrow?
B: What would be the impact to our economy if all of us exchanged our Iraqi dinari back into our currency in a short period of time?
C. If and when the re-evaluation does occur. Would Iraq be able to back up quickly the value of the dinari in the world marketplace so that our financial institutions would make the exchange of our dinari in a timely and uncomplicated manner. (assuming the re-evaluation was substantial ex: $1.00+)
May God Bless You, BL

is DV down? currentyly it’s 12:48 cst.

Question regarding cash dinars.

Should the scenario of reducing zeros on the bills occur first, with the RV/RI (whichever) occurring later in 2010, I would like your understanding of how or if we can exchange our current dinar in at US banks for the new, proposed dinar that has less zeros. Why would a US bank make that exchange?

I understand that when that occurs, the value of the bill will not change. Although that makes precious little sense to me. If I were an Iraqi, and my bank told me my 1,000,000 dinar in cash was now equal to 1000 dinar I would be a bit upset unless the cash value of the bill allowed me the same purchasing power on the open market. But I don’t see how that can be created overnight. Market adjustments take time, the vendor, merchants, businesses will need time to adjust pricing to the new value unless the value is adjusted at the same time as the zeros ‘lop’. Or would they exchange the persons’ cash dinar in the above example to equal the 1,000,000 dinars but in smaller denominations? That seems simpler to me. I am definitely no economics major so a little clarification would be helpful. Thanks

Is there a list of banks in the US where Dinar can be exchanged after the RI/RV? I need to check their rating and locations. Thanks Adam.

2 questions…. IYO, when do you think the RV will happen and what is stopping it from happening?

How do the sanctions placed on Iraq play into the revaluation? Looking at the history of the Iraqi currency, you see it was routinely of greater value than the dollar before the sanctions. Do the sanctions need to be lifted before the revaluation happens? Also, would the revaluation be close to the previous values of 1 Dinar being equal to $3 US?

HI Adam, by promoting the Dinar to buy because of RV would that not force the Iraq Government to do everything they could to stop overseas buyers from cashing in their Dinar and could they also freeze bank accounts in Iraq of ovrseas account holders.
Thanks M

Adam thanks so for all you do and share! Sure you will give us ideas for the timing for the RV – likely before the election… this weekend!! Difficult to get a handle on the rate, many different speculations – where do you stand on this?

What are your thoughts on the Vietnam Dong @ this time? I have heard it may RV along with the IQD. Your thoughts, please!

I read most everything posted on these sites, yet I do not see how this dinar can RV over 1 for 1. Anybody can see that even with a vast oil supply this would create a huge deficit for a new government to overcome. I believe the rates will be around .50 to start and raise only after a very large majority of the LARGE denoms are removed from circlation. Please explai how any other plan would work, or how any goverenment could withstand so many instant millionaires in a week economy. Instant cash flow does not always fix an economy as seen in the US.

Where is all the miss info coming from.Example Pay changes in Iraq will change on 3/1/10 NOT
Rv happend .86 NOT Stuff like this that was going to happen for sure and never did …

Will the banks let us exchange the Dinars when thing start moving?

Adam, Do you know if the new lower denomination dinar is still ‘a go’ by the end of 2010? Thanks

I am not trying to crush everybody’s dreams, but I have some realistic questions. There is an article at http://www.xe.com/currency/iqd-iraqi-dinar
which talks about the re-denomination. When the XE.COM speaks, people love to quote them because it is a “reliable” news source. This article does not give good news. It clearly states that once re-denominated, the current currency will be worth 1000 to 1 of the newly re-denominated Dinars. If Iraq redenominated in this fashion prior to an RV/RI, would it not keep more assets in the CBI? Where will all the trillions in foreign currency come from to pay the RI value for the billions of IQD currently in the hands of foreign investors? If Iraq handles things this way, when they buy back the larger bills, they will do so at the diminished rate, thereby, decreasing what they would buy back by a factor of 1000. I did some math, at this proposed rate, the new Dinar would be worth .86 USD, given the current rate of exchange. Why has this number, .86, come up so much? The stated purpose of the CBI is to stabilize Iraq’s currency and seek the best interest for Iraq. Would not handling the re-denomination in this manner satisfy that? Keep in mind that this is what the CBI supposedly told XE.com, a trusted news source. If all the Dinar that gets cashed back in ends up back at the CBI, then will they really want to pay a thousand fold increase to buy back the larger bills or is this their strategy that they are just now letting us know about? There is a lot of opinion out there and a lot of “intel” about what someone said or what a bank did, but none of this can be absolutely verified. Is there a remote possibility that those that created the game of chess have several moves left to ensure that they will keep the wealth in their central bank through such a maneuver? Should we be prepared just in case? And if they do the re-denomination in this manner, will we still be able to benefit from an RV or RI? Thanks for consideration in this matter. All links answering these questions specifically will be appreciated, especially those that can be verified.

Adam,
Do you think the RV will be this year? If so, which quarter and why?

Anything can happen, what is the chance we have all been fooled? What do you base you opinion on for this one/

I truly enjoy your site and thank you for all you provide.

Jim
aka (Jim Bob)

I have two questions:

1) If it RV’s high enough, the money I have left over should I put in a trust or cd’s?
2) I don’t understand when they say that 1180iqd=1 usd and they’ll raise it to 1000iqd=1usd. It sounds to me that they’re going backwards.

Is there a possibility that Iraq wont RV?

My understanding is that the UN hired CORE to return an audit by April 1st of what notes had been exchanged. Is it possible that it did RV in Iraq and this report is for Iraq and not the outside countries?

Would the price of food be considered when they rv ..if so their money would have be enough to sub stain their needs….living standers. From what I have seen they are now very poor.
If bread is a dollar then they would need a dollar to pay for it. I believe the rv will be good for all

I am confused at this point in time. I am not sure what to believe. Are we going to be able to really make money on this? If the denomination will change it sounds like we all can be out of luck . It is hard to determine what information is really correct.!!

SH

thanks everyone, I’m cutting the questions off here.

See you in chat, in less than one hour!

The following article says that Iraq will receive a $455 million loan immediately. Do you think that would help the CBI consider an RV sooner rather than later?

IMF Survey: IMF Provides $3.6 Billion Loan to Iraq

The IMF approved a $3.6 billion loan to help Iraq as it struggles with high deficits and falling government revenues due to lower than anticipated oil prices, the organization said.
http://www.imf.org/external/pubs/ft/survey/so/2010/car030410a.htm

the american contractor says that all iraqi dinar
owned outside of iraq is not good and will not b revalued . is this true ???

Sorry, I couldn’t make the chat. This is probably a stupid question, but I’ll ask anyway…..what’s the possibility of the Iraqi government announcing a small rv (hoping it’s big enough that foreign investors will cash in) and then announcing another rv later down the road?

I cant seem to get allowed back in again. Your reset password does not work and I have even tried other email addresses( I have several) and I keep getting shut out. I need help! So frustrated! I don’t want to miss anything.

Adam will the banks in Australia exchange the IQD easy enough for us?

oh boy these big news
thx Adam,for the insight on the rv. hope its happend soon and at .86 at least.
if the CBI wants to buy back the big notes from banks, it needs to RV at reasonnable rate so we can exchange for $$$ other wise I will just exchange for smaller denominations and wait a little longer.
bless you Adam keep us inform and who knows, after the RV your news letters will be for investements ideas..$$$

http://www.xe.com/currency/iqd-iraqi-dinar

The Iraqi Dinar is the currency of Iraq. The currency code for Dinars is IQD, and the currency symbol is د.ع . Below, you’ll find Iraqi Dinar rates, a currency converter, Iraqi Dinar News and more. You can also subscribe to our currency newsletters with daily rates and analysis, or take IQD rates on the go with our XE Mobile apps for your iPhone, BlackBerry, or even your regular phone.

The Central Bank of Iraq has announced their plans to redenominate the Iraqi Dinar to ease cash transactions. By the end of 2010, they intend to drop three zeros from the nominal value of bank notes. It should be noted that the actual value of the dinar will remain unchanged. That means that 1,000 IQD (pre-redenomination) and 1 dinar (post-redenomination) will both be worth the same amount in US Dollars. As stated by the Central Bank of Iraq, their mandate is to “ensure domestic price stability and foster a stable competitive market based financial system.” For more information about the redenomination, read “Iraq plans to slice three zeros off currency notes.”

I am guessing this is another SMOKESCREEN on the XE

Adam, one more question for you, How can you know the exact date and the exact rate for RV?where do you get the sources from?Is your sources reliable and trusted enough to support the RV?Thank’s adam.

Knowone knows when it will RV.KNOWONE.Everyone is really just giving there opinion and speculation on the subject.

keep getting rejected. i do not want to post. just want to read.

Have been trying to log in, but keeps telling me: Oops… link appears to be broken?

mr. montana i read a lot of what you submit and I ENJOY READING IT KEEP UP THE GOOD WORK THANK YOU LAVERNE

I am a new investor. I am very confused with the terms RV and RI . Appreciate if you could enlighten me …

If Iraq has a payment due to the World Bank on March 15th 2010 and they have a note due to the IMF in April. How can they afford not to RV? I read that they can not make payment with gold or us dollars they have in reserve. What else could they do in order to satisfy these lenders? is it possible that they are apprehensive to RV because a lack of confidence or that they are afraid for their lives and would like the IMF to step in and RV it for them

Does anybody have a clue?

Paul,

I think your questions are valid. No one knows and the CBI isn’t singing any information. Just a bunch of guesses and people making $ from our interest.

Bottom line is 28 trillion Dinars in Circulation can’t RV to 1IQD> 1USD impossible.

Deletion of notes, or currency along with a LOP is good for Iraq bad for cash speculators.

Kuwait only had 25 billion in circulation at the time we thought they had a RV but they only restored the value and not RV’ed Yes people made $ from it and outside border cash holders lost out.

Proof65

RV = Revaluation of a currency or value of a currency

RI = Reinstatement of a currency or value of a currency

Mr. Paul,

A LOP is not good for Iraq. Removing zeros does absolutely nothing to give value to the currency. IMF didn’t do audits and then offer loan agreements and expect to get currency worth hardly anything in return. I don’t thing so. The dinar is way undervalued and the IMF, World Bank, and Oil Co”s know so. There is no way they would even be talking much less making and signing agreements. The only good thing for Iraq would be to rv the dinar and get on with it. The Iraqi people want to do this because a LOP would put them no closer than before.

Mr. Paul,

Oh, and by the way. It is possible for the IQD to rv 1 to 1USD because they have the resources to do so. There are agreement in place that require countries such as the US,China,and Germany,who are the largest holders of dinar to return to Iraq in an incremental manor as to not create an inflated currency. This will allow Iraq to accomplish their goals of being one of the worlds largest exporter of oil. So don’t be so sure. I will bet that within the next 5 years the IQD will probably surpass the USD 3 to 1