Hey friends,
Lots of stuff in the Dinar news lately, if you’ve been keeping up! In fact… there’s so much dinar revaluation and Iraqi political news regarding the Dinar that it’s actually confusing, to say the least!
I’m going to start this update by giving you my opinion. Then I’m going to give you some rumor. And then, for the newshounds out there – I’ll give you some articles.
Many people ask me why I don’t post every day. That’s easy! There’s simply not news worth discussing every day. It’s real easy to copy and paste the articles from all over the web, but all that does is confuse people. It overloads you with a high pitched buzz that does nothing to help you! One thing is for sure… you can always count on me to bring you the important news and updates as they come. If you’re on the newsletter, you never have to worry about missing an important update.
Current Dinar Speculation.
One other thing is for sure… nothing in Iraq happens on time! They have a constitution that has specific deadlines in them… that get ignored. They get ultimatums from the DFI and the IMF and from every other Billy-Bob-Sue-Mary-
Tom out there… and Iraq ignores them.
Iraq moves at their own pace. Which brings me to my opinion: we’re still on pace, even if it’s slower than some like. Things are still moving towards a revaluation of the Iraqi Dinar. I don’t mean you’ll be rich on Tuesday! I mean that at some point in the near future you are going to make some money if you were smart enough to invest in Iraq! I think that’s pretty simple, so I’ll leave it at that!
Current Dinar Rumor
Now here’s some rumor. I call it rumor, because I can’t back it up with sworn testimony by the people it came from… this is just from conversations I’ve had recently. Apparently buzz is really hot at the CBI right now due to Maliki being either ousted or cajoled or sweet talked… either way, we’re moments away from seeing Maliki outta the place where he currently has his Iraqi butt planted and once that’s done, we’re in for some major progress for Iraq and the Iraqi Dinar. To paraphrase what my CBI contact told me: “Adam, this RV has been waiting for a ‘push’ for a long time now. It’s so darn close right now it doesn’t even need a ‘push’, it should just fall off the edge!” Suffice it to say…. he’s excited, and I’m excited too.
Still, we have no firm date on when to expect a change in the rate of the Iraqi currency, and in fact… we have the opposite if you believe the stories published by Iraq. Which brings me to…
Current Iraqi News.
Please feel free to follow the links and comment on the forum, or comment on this blog post.
Iraq insists that the UN cannot force a government upon them.
… says the leadership of the Sadrist movement, Bahaa al-”The UN Security Council can not impose a government on the Iraqi people, even if the United States tried to pressure him,” noting that “any international body has no legal powers to form a government away from the Iraqi political parties, except in the case obstruction of the Parliament and the Constitution “.
With all of the posturing and lack of real movement, it’s no wonder the world is starting to get anxious. Iraqi leaders state that it is unlawful for another entity (like the UN) to step in.
It is possible that Allawi and Maliki could share the PM seat. This would be an amazing feat, but nonetheless – it is in the news.
Maliki, Allawi agree to take over the positions of Prime Minister and the Republic for a period of two years each
Confirmed leader of the Kurdistan Alliance Sami Shoresh of an agreement between the Iraqi leader Iyad Allawi’s bloc and leader of the rule of law, Nuri al-Maliki to form Iraqi government over the next few days.
… or is it?
Allawi: we reject the principle of sharing power with the rule of law
Prime Iyad Allawi’s Iraqi List, non-adherence to the post of prime minister in the new government, but stressed his unwillingness to relinquish the right to “Iraqi List” led in the formation of the government.
وقال علاوى : أنا شخصيا على استعداد لترك رئاسة الوزراة ولن اتشبث به، لكنى لست على استعداد لأن اتنازل عن حق العراقية فى أن يبرز شخص آخر مرشح ليكون رئيس وزراء، وليس لى أدنى تحفظ على ذلك”. Allawi said: I am personally ready to leave the presidency of the ministry will didst seize it, but I am not prepared to concede the right of the Iraqi people to highlight the last candidate to be prime minister, and I have no reservation in that minimum.”
(You see?! That’s why it’s best to take everything with a grain of salt. One minute one news…. and the next, BAM!, it’s been contradicted.)
Here’s a fact, though: Iraq’s inflation rate is at the lowest level in 30 years for the second straight month. (link)
Here’s another fact: Iraq’s debt to Kuwait is being whittled down, which leaves Iraq more and more in control of their own money and their own reserves. Perhaps nobody you speak to has thought of this yet, and maybe you haven’t heard me say it… but Kuwait doesn’t want to be paid back reparations. Kuwait wants Iraq to revalue, owing them as much as possible, because THAT is how Kuwait makes the most money! The same works for us, Dinar Investors. The more Iraq owes us when they change the value of the currency… the better we make out. And the less Iraq owes Kuwait… the better it is for us, too! I know people don’t like to be told to wait a little longer, but this is a great example of why the wait will be worth it:
Kuwait gets $650 mln in Iraqi reparation
GENEVA (AFP) – The United Nations released 650 million dollars in Iraqi compensation to Kuwait on Thursday, the latest payment of a war reparation scheme that began in 1994.
The payment brings the total sum of compensation paid to Kuwait to 30.15 billion dollars. A further 22.3 billion dollars is due to Kuwait.
That’s all for now, but you know there’s more coming soon!
So, stay tuned… and stay prepared.
Best RV Wishes,
- Adam Montana
