Iraq Dinar Speculation

Hello Adam,
I have a question related to conversation circling about the “Dropping of 3 zeros” off the Iraqi Dinar. I will use an example of 1 mill dinar. Say I have 1 mill dinar, with the zero’s being dropped, this would mean that now I would no longer have 1 mill dinar, I would have 1,000 dinar. I did not believe this was what was meant. I had thought it was just a visual drop of the zero’s in anticipation of a revalue, so after a revalue, Iraqi’s would not walk into a store with 25000 dinar notes for what would be a 2 dinar loaf of bread. Can you shed some light on what the dropping of the zero’s really means to investors. I am very new to this site and DinarVets. I have held my investment for 5 years now, and have just now begun paying attention to what is going on, and what I will need to do once a revalue happens (I am still clueless), so please excuse my lack of knowledge. Wishing you well. Thank you for any info.

Cherysh

Good to hear !! I’m fine to wait for a while. It’s good that things are moving along. 10 days sounds good. Since that was Sunday, we only have 8 more days to wait.

Adam, what is your take on that news about lopping off 3 zeros that I was reading on dinarvets ?? I’m guessing that is the kind of misinformation that your friend was speaking of. Any thoughts?

Keep up the good work on your reporting. You know what would be AWESOME ?? It would be great to have a small part on your home page that just states the latest news on all fronts. This way we don’t have to read through all the chats and comments to find out the tiny morsels of good intel.

Thanks a ton !!!!

I’m done with this. I dont need the Dinar to revalue to save me from any financial issues. If it happens, cool I’ll cash it in. If it doesnt, I’ll have fun playing poker with the $ on a Friday night.

I think we’re months or years from this anyway

THANKS ADAM..FOR THE INFOR..WE WILL ALWAYS BE LOOKING FORWARD..THANK YOU

GOOD JOB, ADAM.. LET’S JUST WAIT AND SEE..

Thanks Adam !

It has been crazy the past couple of days. Would be nice to see a somthing happend with in the next ten days.

Thanks again Adam and
Welcome back.

Not as exciting as when the hope was, we were actually purchising millions of dinars but now to find out that a plan was in place to remove zeros, turning millions into thousands. That’s how it works! Now you know the rest of the story…

I would like to know ur gutt feeling on the rate !

the question i have is that if this happens this soon what are we looking at? i mean i read that by june the rate is gonna be 1 dollar = 1000 dinars, if this is true is that a starting point or can we see a different rate if we hold out and wait? anyone who sees this please let me know something

I just can’t wait any longer…
But it is great that you keep us updated to keep the frustration to a minimum

first i’ve heard of the iraq president getting injured.as far as the rv i have been in this since 04 so when its time,its time.just let me know adam.

Thanks for the information I really thought we would had a RV after all the votes came in. I read in the paper that the election was close and that Maliki was would not have enough votes to win out right and it could take months to sourt it out. It just what was in the news paper. I hope it does not take months,thanks again for the information I look forward to hearing everything you find out. Fred

I have a question from the chat log on dinarvets.com:
*Why did Adam Montana call Ali *in Idaho, two-faced?
Is it the Ali that many of us know? The following is a clip from the chat log on vets:[Adam Montana] so if we get together, and come as a group, we will get special rates – hands down
[Adam Montana] I’m not talking about a ragtag group from a golf club going to cash in with two faced Ali in Idaho
[Adam Montana] I’m talking about a group of people 10,000 strong dealing directly with the CBI
Here is a link to the full chat log:
http://dinarvets.com/forums/showthread.php?13855-Adam-montana-Q-A-3-11-2010-8-30-PM-CST

I heard on investors Iraq forum that they were droping 3 zeros hence the 25,000 notes would only be 25 and then they would make the 1 dinar equivilent to 1.17 USD.

According to that if your a cash holder things are not looking promising because they are droping the 3 zeros off the IQD bank notes.

I guess all of those with warms accounts should be cool because the 3 zeros being droped have nothing to do with the value of the dinar only as it relates to the bank notes.

I’m thinking of trying to sell 1 million IQD and start a Warka account and hold on to my other dinars so I come up on the plus side of things ya know.
Deekon, “My Heart Speaks Volumes!”

Troy, Ali has said things to people on the phone, and then retracted them only a half hour later. He is a liar.

If you buy dinar from him, you’ll probably get it – unless the RV happens when your Dinar is in transit. Then he’ll probably pull the dinar back. I wouldn’t trust him to be “reliable” once he’s not making money on the Dinar.

Good luck to you, if you still want to trust him. You’re probably fine UNTIL the RV happens.

Hey all, just got this e-mail from the IMF whereas I have Iraq alerted so everytime something new comes out from them they send me an e-mail.. Anyway here is the link.
http://www.imf.org/external/pubs/ft/scr/2010/cr1072.pdf
It is a good long read and it does seem positive some of the statements in here all point to RV, however also there is a lot that points to 2012 and not this year. You can be your own judge is very long so enjoy. Am at work or I would have posted it on DinarVets. If someone would like to do it I would appreciate it.. Thanks and Semper Fidelis

Adam, I would like to be a part of the large group of investors, if I am Incorporated by the RV can I still do this? better rate sounds good to me.

I mean “not” Incorporated!

Thanks Adam for the update….please clear up the rumor about the zeros. Let us know when you hear something..anything!

thanks much Adam appreciate the info, hope it happens soon.

where does all this imformation come from about dropping ooo,s ..who or where is the original source when nobody even knows when there going to revalue or not..i haven,t seen Adam write this..has anyone else ????

adam, i have been watching the news and i haven’t seen anything about the pm being injured. also, when did this ten day window start?

Thanks for the info. sounds good!

Thanks Adam for your updates. I trust your commitment in seeing the reval to happen. It is really goood to hear a lot of analysis regarding the reval or what ever the rumor/news from Iraq. It gives me the ability to weigh up opinions.

DOES ANYBODY REALLY KNOW WHAT TIME IT IS ???????

Adam. Talk about the three zeros. People are wondering…

Eric that woiuld be just our luck to get to cash out right before the world ends in 2012.lol WTF Thats the hoodluck I got.lol

Seams that all of us including Adam are in the same boat waiting for it to dock, just hope it isn’t like the Titanic. best wishes to all and thanks Adam for giving us info as it unfolds…

So you are thinking about buying some Iraqi Dinars in the hopes it will revalue making you rich? There is so much speculation behind the Iraqi Dinar you must have all the facts before you invest in any type of currency.

There is so much hype around the Iraqi dinar and so many cheerleaders all saying the revalue will be any day now (same line for the past several years) it’s hard to know what is true.

The article will separate fact from fiction giving you the correct information so you make a better decision.

1) The same happened in Kuwait and Germany after WWII. This is not exactly true, there was no free-floating currency at the time in either country and so the value was mostly a function of policy making and official currency management. In addition Kuwait was a strong economy before the first gulf war and made most of its money with foreign investment.

2) The Dinar was worth 3.22 before the war. This is actually true but what they fail to mention is that Saddam Hussein himself set that value. If he felt like it he could have set the value at $5 dinars to $1 USD. Dinar traders also fail to mention was the inflation rate in Iraq during the 1980’s. It was over 25% so that 3.22 value was much less.

3) Iraq’s oil fields may prove to be the largest. Actually there is data and evidence to show that Iraq’s oil fields may be larger than those in Saudi Arabia. However any oil based economy is an unstable economy. The 2nd biggest Iraqi export are dates.

Is there anything positive pointing toward the Iraqi dinar?

There is some very interesting news about the dinar that can’t be ignored. With any developing economy it’s usually in their best interest to keep their money cheap. That way they can pay back their debts with cheaper money.

1) China forgives 8.5 billion USD debt it had with Iraq. It’s very important to note that China and Iraq just recently signed a $3 billion oil contract to develop one of its fields for 20 years.

2) The Trade Bank of Iraq joins FOREX. This is a major step for Iraq to modernize its banking process allowing TBI to widen its financial services. It will help Iraqi businesses to trade internationally and grow. This is further evidence that Iraq is gradually returning to the international financial markets.

3) Featured by Jim Cramer on Mad Money. I may not be his biggest fan but he did give further validity to the Iraqi dinar by featuring it on his show.

As you can see Iraq has made improvements by leaps and bounds in its reconstruction hosting the Baghdad Trade Fair and there is talk that Iraq may join the World Trade Organization by 2011.

There is a ton of data coming out of Iraq that point to a positive revaluation of the dinar. Does this mean you will become rich by investing? Of course not, just because there is some good news this is not a sure bet by any means. At last the best advice is to never invest more money than you can afford to lose.

THANKS ADAM FOR KEEPING US UP DATED.HOWEVER I FEEL LIKE U DON’T WANT OR U CAN’T ANSWER THE QUESTION REGARDING THE LOP.3 PPLS ASKED U ABOUT IN HERE,BUT U HAVE NOT GIVE US AN ANSWER.
CAN U PLZ TELL US WHAT U THINK ABOUT THE LOP IF U CAN.
THANKS AGAIN ADAM FOR UR TIME.

Simo, with all due respect – I spend my time answering questions in the VIP on the forum. This information on this site is and will always be free, but since you do not pay me to work for you – please don’t be so pushy.

If you are VIP, please ask your questions in the VIP section. I answer them within 12 hours or less in most cases.

Best regards,

- Adam

I understand you are busy. I would ask the question in the VIP area if I knew how to get there but since I am just a regular jo I will have to ask here. Do you know what the lop will do to the value of the dinar. Is it corect to think that 1 million will turn to 1 thousand. If it rv’s after the lop instead of making thousands or millions a person will make a few hundred. Am I corect in thinking this way?

Bill the VIP is here:

http://www.dinarvets.com/forums/payments.php

I addressed the LOP in my most recent blog update this morning here: http://dinarspeculation.com/2010/03/17/lop-elections-and-opec-iraqi-dinar-rv-news/

Hoe that helps!

If it happens it happens at least we can all enjoy our dreaming about it!

Can anyone talk about cashing in whatever the rate is!? Let’s say the RV goes up and I want to cash in, How would I go about doing that? I have a few ideas, but I want all of your thoughts…..

first off thanks for heads up as to what is happeing in iraq.i want to belive that something good will come from this.but stories that i hear from other sources make me take a step back and really wonder.for those confues about th dropping of the 3 zeros,go to this web site ” xe.com ”
scroll to currency bottom of page and select other currencies.then select IQD and USD.enter amount,then select in blue ” iraqi dinar “.that will explain about the 3 zeros.
part of me feels that we are maybe 2 years away in seeing something,but i hope not,keep up the good work.what other sources are there to opening an account with your dinar besides the one stated