Iraq Dinar Speculation

Morning all, Adam Montana here again with the latest on the Iraqi Dinar revaluation situation. Over the course of the last 6 years, we’ve seen plenty of important things that will affect the Iraqi currency, and I guarantee you we are in the middle of another very important event that will have a huge impact on the Iraqi Dinar value.

In 2003, Iraq was in chaos. Troops and terrorists were everywhere, bombs going off at all hours and even minutes of the day, and the Iraqi Dinar was at the lowest many of us would ever expect to see it.

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Hey gang, Happy Tuesday and I hope you are all good!

Just dropping a quick note… I know many of you (over 13,000 as of today) simply rely on my newsletter for news… you know it cuts the BS out of the Daily Dinar Ratrace. If you’re not on it yet, click here to sign up – it’s free.

If you’re in that category, disregard this post. I will continue to bring you the relevant news as it happens. If you don’t hear from me every single day… Well, there simply isn’t Dinar RV news every single day! (Even though certain “gurus” try to make you think there is.)

Some of you take part in the DinarVets.com forums, and some of you are members of other forums as well. This message is for THAT crowd.

We’ve all seen a lot of back and forth in the statements… some of the clown chat gurus have even gone so far as to say “Oh that Adam Montana, he’s a retard – it’s RVing tomorrow in the $3.20 range!”.

Well… it didn’t happen, and I’m not the one backpeddaling, so who is the REAL retard? Yeah, that’s what I thought.

Stick with me, loyal reader – I may not give you an RV every 72 hours, but I have NEVER steered anyone wrong!

I have a little more to say on it, look at this post on the forum for more information.

In other news, I’m working my BUTT off  behind the scenes on a couple of Post-RV vehicles that you are going to want to be aware of. There are a few ways to minimize your tax liabilities and also instantly double if not triple your returns after this RV takes place.

One more thing, I’m going to offer something special to my newsletter subscribers this week. Stay tuned, and thanks for stopping by the best darned Dinar Speculation site on the internet!

-Adam Montana

Hat tip to DS on this one, nice job gents!

IRAQ. Iraqi Prime Minister Nouri al-Maliki said earlier this week that the process to re-evaluate the Iraqi dinar has to do with economic conditions which have to be strengthened, reported news agency Aswat al-Iraq.

“The Iraqi dinar has all the reasons to grow stronger thanks to an increase in revenues and development of the economy,” Maliki said in response to some questions through the National Information Center.

“The government would not rush matters but would rather work on finding all the guarantees to render this measure a success. The Central Bank of Iraq (CBI) is currently entrusted with drawing up a study on the whole issue and would give its decision soon,” said the Iraqi premier.

The Iraqi dinar’s exchange rate is suffering from low value against foreign currencies as a result of decades of wars and economic embargo that brought the local currency’s exchange rate to the rock bottom from three dinars per dollar in the late 1970s and 1980s to 3,000 dinars per dollar after the 1990 invasion of Kuwait, followed by a 13-year crippling sanctions regime.

The exchange rate fell even more after 2003 to reach 1170 dinars per dollar due to the CBICBI’s policy of daily auction, in effect for more than five years now.

The policy was lambasted by several economists on the grounds that these auctions do not give the real value of the country’s local currency.

Full link:  Click here.

Hey all! I’m doing a live chat tonight at the forum: http://www.dinarvets.com

It will be free to attend. You will need to be registered on the forum (also free) to attend the live chat. If you are not able to make the chat, the event will be recorded and posted on the forum, I will update this blog post with the link to the chat log tomorrow morning.

This event is scheduled for 8:30 PM CST TONIGHT. Post your questions in the response section to THIS post.

VIP Forum members please click here, your questions will be given priority and answered first.

See you tonight!

Let’s get some common sense flowing today, shall we?

It was rumored that all Dinar sales would stop last week. Didn’t happen.

It was rumored that the RV had to happen within 30 days of the elections. Didn’t happen.

It was rumored that X, Y, and Z dates were set in stone. Well, X,Y, and Z came and went, with no RV.

Let’s disregard all that stuff, and look at what Adam Montana likes to give you: news and speculation founded in reality, not a phony date or rate.

My personal opinion is that we are very close to seeing some movement on the Iraqi Dinar. I come to this conclusion from reading the CBI articles, the IMF articles, the UN briefings, and from discussing this complicated topic with contacts that I’ve made over the years. Here’s a quick summary of the latest:

I’ve said it all along, I really don’t see anyone beating Maliki in these upcoming elections at the end of this week. I think the Iraqi government knows this as well, so why would they figure the elections into their time frame for re-evaluation? It can happen after the elections just as well as before, so don’t read March 7 into your timeline.

We DO know that the CBI is officially re evaluating the currency. This is great news, but it does not put a date on the decision.

We also know that the ISX is stopping trading for a short time during the elections. It’s obvious that the elections ARE a big deal, and everyone wants them to go smooth.

I personally think that the RV will be after the elections for that reason. If they announce it now, the people go nuts, and afterwards the election results are tainted with rumors of foul play, people not voting because they were in line at the bank, etc. There’s too much that can go wrong if the elections are influenced or overshadowed by a major revaluation of the exchange rate.

So, where does that leave us? If we can’t pin down a date, can we pin down a rate?

Maybe… check this out.

I’d like to take a moment to caution the hopefuls out there… YES, there is a chance that we’re going to get a ton of money back on the Iraqi Dinar revaluation! NO, that doesn’t mean you are guaranteed to turn $1000 into $1,000,000 overnight or even over the course of several years by buying Iraqi Dinar. Here’s a great thread that was just posted this morning on the DinarVets forum showing that we might see an increase from 1180:1 to 1000:1.

In the meantime, the central bank will continue the policy of stabilizing the exchange rate dinar to the dollar, “Al-Watan” that the central bank seeks to raise the value of the Iraqi dinar of 1180 dinars per U.S. dollar to 1000 dinars per U.S. dollars, within the month of June…

Don’t get me wrong here… I’m not saying this is official, or it is set in stone. but the FACT is it is possible that you’ll only see a 15% return on your money. If that happens, my advice is to be happy you didn’t lose 50% by sticking your money in the stock market.

Nevertheless – our speculative venture continues, and this ride aint over till the fat lady sings!

Best regards, and stay tuned!

-Adam Montana

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Here’s a new tune coming from the Prime Minister!

Iraqi Prime Minister Nouri al-Maliki said on Sunday that the process to re-evaluate the Iraqi dinar has to do with economic conditions that have to be strengthened.

I don’t recall ever hearing Maliki mention any kind of revaluation in the past, do you? It appears that we have official confirmation that the CBI is participating in a study to determine how to raise the value on the Dinar.

Maybe he finally subscribed to my newsletter.   Here’s the link to the article: http://en.aswataliraq.info/?p=127789

I do have some more stuff coming later. Stay tuned!

-Adam Montana

P.S. “If Adam Montana said it… it’s on this site.”

And if someone says I said it, but it’s not on this site… then they are either lying or passing around lies that people told them.

Listen, friends – people love to say “Oh Adam Montana said THIS! And it wasn’t true!” blah blah… are you kidding me? If you want to know what I said or didn’t say, look on this website, http://www.dinarspeculation.com. If it’s here, then I said it. If not – well, I seem to be a popular guy, so there must be a reason people like to make stuff up about me.