Iraq Dinar Speculation

That number may or may not be accurate, but it feels like I’ve been doing this for so long I must be close to that number!

I was just in the DinarVets chat room and gave an update, I wanted to share with you all as well. Actually, it’s more speculation than anything… but nonetheless, we’ll discuss it!

A few months ago I was privy to specific intel that I shared with a small group of people. Everyone should know that in order for Iraq to RV it’s currency, it will need to be swapped out with smaller currencies in short order. I have good reason to believe that a majority of the necessary currency denominations are in place and ready to be exchanged by the local Iraqis… but I am waiting on confirmation that this process will be available to foreign investors (like ourselves) in a timely manner. Without this confirmation, it’s possible that we’ll see an In-Country RV for at least a short time, or possible a delayed cash in time for us.

For example, in the event of an in-country RV, the Iraqi citizens would take a week or two to cash in and stabilize their economy. Then the gates would be opened for us as foreign investors to cash in at whatever rate they give us. One possibility discussed was  a higher rate for Iraqi citizens to get their cash traded in, and then a slightly lower rate once the majority of the currency was traded in.

Like I said, this is just speculation. It could happen, and I think it’s likely, unless smaller denominations are in place worldwide before the RV is announced. What I know right now is that we believe Iraq has smaller Dinar denominations distributed throughout Iraq in preparation for an RV of the currency. What we do NOT know is if the smaller denominations are in place anywhere other than Iraq.

That was some speculation, now let’s see some news!

Iraq announces the withdrawal of 70% of Excess Liquidity

Emphasized the continuing support of housing projects, industrial and service
بغداد ـ طه حسين Baghdad, Taha Hussein
استطاع مصرف الرافدين سحب نسبة عالية من السيولة الفائضة عن حاجة السوق المحلية الى جانب استمراره بدعم المشاريع الصناعية والخدمية والاسكانية. Bank of Iraq could pull a high proportion of surplus liquidity need for the local market as well as continuing to support projects of industrial, service and housing.

Read more: http://dinarvets.com/forums/index.php?/topic/19699-iraq-announces-the-withdrawal-of-70-percent-of-the-excess-liquidity/#ixzz0p3Thc1fl

Allawi says Iraq is at a crossroads. (No kidding? )

Allawi: Iraq is at a crossroads

Al Sumeria News – Tuesday, 25 May 2010 @ 13:09 GMT

From Doha, Prime Iraqi List Iyad Allawi said Iraq is at a crossroads, adding that his visit to Qatar is to put the Arab leaders in the form of the situation in Iraq. Allawi said that efforts to form a government expected to continue to show the final results after ten days to turn after the dialogues to the negotiations to form a government

Read more: http://dinarvets.com/forums/index.php?/topic/19735-allawi-iraq-is-at-a-crossroads-25-may-2010-1309-gmt/#ixzz0p3U55TrX

More Allawi – still posturing as the winner. Heck, who knows – they’re between 2 days and 2 years from actually figuring out who the REAL winner is.

We are reassured of forming next Government: Leader in Al-Iraqia List said

May 26, 2010 – 12:13:06

Baghdad / Aswat Al Iraq: The Leader in Al-Iraqia List,Jamal Al-Battikh, has expressed the reassurance of his Bloc to be mandated by the Iraqi President with the process of forming the new Government.

Read more: http://dinarvets.com/forums/index.php?/topic/19745-allawi-reassured-of-forming-govt/page__gopid__124464&#entry124464#ixzz0p3W0SbVX

And that’s it for today, I’m off to hit the gbooks! I scored a 92 on my second quiz and I’m learning a ton. Stay tuned and stay positive!

Warm RV Regards,

- Adam Montana