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.
Allawi says Iraq is at a crossroads. (No kidding? 
)
Allawi: Iraq is at a crossroadsAl 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
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 saidMay 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.
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
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Great post Adam…
Thanks for taking time from your studies to update and connect with us! We can never hear from you too much
Blessings and good luck with your exams!
FloridaChick
Adam, in response to your post about lower denominations being sold here in the USA, the lowest bills I have seen are the $5,000.00 dinar notes. But I think you are correct when you said that there are lower notes being circulated in Iraq as we speak. I found on the CBI website pic’s of dinars ranging from $1.00 all the way to the $25,000.00 that we all love so much. I also found that the prices for the lower dinar bills is a bit higher than the big $25,000.00 bill. Any idea why that is?
Thanks for the update Adam and good luck with your studies and the test as well.And hopeing you can talk sonny1 into staying,we need his insite as well. Thanks Ron
the same news would seemingly apply to a LOP scenario as well-what gives you more confidence that its an actual revalue Adam–lets hope for the best!
someone please help me get in the chat room dinarvet thank you
amy post a thread in tech support over at dinarvets.com
Adam-
Thanks for the posts and the insight!! GO RV!!
U still think June?
Adam….2 words….Thank you.
Yes there are lower bills in circulation. A 250 bill was found at a recycle station in the USA by someone I know.
Hi Adam,
Im currently holding 3 million IQD here in the US 25000 bills. Do you think it is a good idea to go to a major bank and exchange the 25000 for smaller bills such as 5000? Or is it a waste of time?
I also have my Warka account in electronic currency with 13 million IQD.
Frank, most banks won’t trade any Dinars for you. I personally have every denomination I can get, but that’s my personal choice. If you can trade them in, I’d say go for it.
Go RV! It would benefit my life a ton!
Hi Adam,
I personally have seen the small bills in circulation at the Baghdad International Airport.Waiting here till July for vacation or RV!129 degrees outside now!!!!…Steve