This is great news for Iraq! I’ll let you read the articles yourself:

Iraq’s Political Impasse Ends, Cabinet Approved

BAGHDAD—Iraq’s Parliament officially approved a second term for Prime Minister Nouri al-Maliki and his partial cabinet lineup on Tuesday, ending a grueling political impasse that had stretched for nearly 10 months since inconclusive elections in March.

Link: http://on.wsj.com/hY01kk

Iraqi Lawmakers Approve New Government

BAGHDAD — Iraqi lawmakers have unanimously approved a new government to be headed by incumbent Shiite Prime Minister Nouri al-Maliki.

The long-awaited vote on the new government ends nine months of political deadlock after an inconclusive parliament election in March.

Link: http://fxn.ws/dUdtHZ

Iraq’s new government is approved

Baghdad (CNN) — After nearly a year fraught with political infighting, Iraq finally has a new government.

The Iraqi parliament Tuesday voted in Prime Minister Nuri al-Maliki’s government, even though some vacancies remain.

Link: http://bit.ly/igmpjt

And now… an awesome poem from a VIP member Jett. (See the thread here.)

Twas the Night Before RV

Twas the night before RV, lights out with a click
Not a soul could sleep, not even the RV skeptic.
VIP and OSI info was shared with care,
In hopes the RV would make us a millionaire.

Dinar holders were restless, churning in their beds,
While visions of pimped out houses danced in their heads.
Wife off the phone and me off the net,
From chatting with peeps as a DinarVet.

Buzz buzz on the dresser, the next early morn,
I sprang from my bed to see what’s go’n on.
Reaching for my cell to bring up the feed,
Fumbling with my glasses, so I could read.

I read the text message, I’m in disbelief
In a small stunned voice, I said, “Good grief!”
My wife is awakened and asks, “What’s it say”?
With excitement I shout, it RV’d today!

The message from Adam said, “Hey gang it’s done”,
The ratio to the dollar is four to one
“Look for the email”, he said, its coming through,
Instructions and details on exactly what to do

All dressed and ready, my excitement peaked
Seeing the figures written on the scrap sheet
Got our bags packed, ready in a breeze
Heading down south to the country of Belize

Seychelle corp ready and bank account to
To save us from taxes by the red, white & blue
We arrived at the airport with time to spare
With a grin and smile to go get our Dinar

No fear, nor fret, the plan was laid out
Adam made sure all the services had clout
Once we arrived we were safe as a bear
Knowing the A-Team was gonna meet us there

The escorts are no joke, strapped like a tank
With package in hand, we rolled to the bank
“Welcome”, said the greeter, “Come right this way”
We hope you enjoy your visit with us today.

We opened our envelope and pull out the loot
Our hearts pounding, a pause for tribute
We looked over our list of accounts to create
Retirement to establish foundations to donate

We will give to Red Cross and children in need
Breast cancer research and the Salvation Army
March of Dimes and House of Ruth we like
The local children’s hospital will get a spike

As we finished our day, we were surely different
A dream came true in such a unique event
God used Adam in a very exceptional way
Helping regular people to enter a brand new day.

Happy RV Holidays everyone…

Jett

Read more: http://bit.ly/h61g3P

Merry Christmas, all!

- Adam Montana

Fellow Dinar Investors!

Yesterday was a MAJOR breakthrough in the progress of Iraq, and therefore, also the progress of the Revaluation of the Iraqi Dinar. I was told that we should expect to see two major sanctions lifted yesterday and we might expect the value of the Iraqi Dinar to change on the 15th.

Well, it didn’t happen on the 15th, and my “Intel” (a.k.a. “sources”) were wrong on the two major sanctions being lifted.

For those of you fresh to the Iraqi Dinar scene, here’s the scenario.

In 2003 Iraq was shook from its roots to its branches when Saddam Hussein was stripped from power. Iraq was thrown into what it is currently removing itself from – the aftermath of an evil dictator. The United Nations put incredible restrictions on the entire country, restricting it’s freedom to act as an independent entity, forcing Iraq to bow to the every request of the outside world, and imposing an unrelenting debt on it, owed to Kuwait for every Iraqi’s involvement in the mass murders committed under the rule of Saddam Hussein.

The value of the Iraqi Dinar fell from over $3 to less than $0.0001.

Since 1993, the Iraqi people have fought and lived through things most of us will never see. Many soldiers, both Iraqi, US, and other countries soldiers, died in the struggle to right the sinking ship of a once powerful country.

Since the fall of the country and the plummet of the value of their currency, the country has made leaps and bounds towards reinstating their position in the world. They have come from under the dark shadow of nearly complete terrorist occupation to an almost complete government and a land safe enough to vote for a president. The currency has doubled since their darkest hour, and yesterday…

Iraq was praised in a United Nations Security Council meeting.

Yesterday was probably the biggest day in Dinar News since I’ve been an investor – and I’ve been invested a long time. Yesterday signified a major turning point in the saga we are living in. Yesterday was a real turning point for the country of Iraq that nobody can deny…

You see, my source was wrong. Two major sanctions against Iraq were not lifted yesterday.

Yesterday, THREE of the remaining Chapter 7 sanctions against Iraq were released!

Read the entire article here: http://dinarvets.com/forums/index.php?/topic/45528-full-details-of-un-statement-on-iraq/

So, what’s left?

Kuwait.

Quote: Welcoming the progress made by the Governments of Iraq and Kuwait towards the resolution of the outstanding issues between both countries, and encouraging their further cooperation, the Security Council calls on Iraq to quickly fulfill its remaining obligations under the relevant Chapter VII Security Council resolutions pertaining to the situation between Iraq and Kuwait.

Read more: http://dinarvets.com/forums/index.php?/topic/45528-full-details-of-un-statement-on-iraq/#ixzz18EkOfyFF

The bottom line to Dinar Investors is this:

Kuwait doesn’t want Iraq out of Chapter 7 before the currency rises. The country of Kuwait basically holds “stock” in Iraq, as a result of the reparations owed to Kuwait. If Iraq gains in power while Kuwait still has “stock” in Iraq, then Kuwait makes even more money as their “stock” goes up in value.

Obviously Iraq doesn’t want this to happen, because they are in a sense paying “dividends” to Kuwait if that happens! They don’t want that to happen… they want to “call” in those “stocks” at the lowest price possible, which means they want out from under Kuwait’s influence before the value of the Dinar rises.

That brings us to the current situation. Kuwait is trying to keep Chapter 7 restrictions on Iraq as long as possible, to force the ReValue of the Iraqi Currency to happen while they still hold stock. Iraq is holding out as long as possible, because their assets aren’t going anywhere… but their cash reserves will quickly drain if they revalue the dinar and THEN have to pay Kuwait!

While that may be complicated, what is clear and simple is the direction our investment is headed… and it’s clearly good.

The UN has made it clear that they are supporting Iraq.

The world can easily see that Kuwait is losing the stranglehold they have held for so long.

Iraq is winning this battle, and just the same – the investors in Iraq are also winning the battle.

Hang in there, friends! The end is near, and that is a good thing for once.

Faithfully,

- Adam Montana

Hi again, and welcome back for a quick no-nonsense update on the Iraqi Dinar… We’re all busy, so I’ll dive right in.

A few of the biggest issues preventing Iraq from raising the value of their currency is Chapter 7 and the HCL – and I have good news!

With the government taking strong steps forward, it’s natural to see political discontent and arguing amongst those seeking power, but down deep we have a major movement brewing. Example:

Iraq: Kurds want new hydrocarbon laws by June 2011 or won’t join govt.

30 Nov 2010

The semi-autonomous government of Iraq’s Kurdistan region wants new hydrocarbon and revenue-sharing laws by June 2011 as a condition of its participation in a new Iraqi administration, the Kurdistan Regional Government’s minister for natural resources said Tuesday. Speaking at an Iraqi oil conference here, Ashti Hawrami also said there should be no more blacklisting by the Baghdad government of oil companies working in the KRG region, and criticized the government’s new oil production target….

Read more here.

Also:

New Iraq cabinet to foucs on oil laws

Iraq’s new government will prioritise work on new hydrocarbon legislation to reassure international oil companies and integrate oil contracts signed in Kurdistan, a government spokesman said today.
29 November 2010 12:46 GMT

“Among the next government’s priorities will be to approve legislation of long-awaited oil and gas law through parliament,” Reuters quoted Ali al-Dabbagh as telling a news conference in London.

“This will provide a legal environment that reassures international oil companies (IOCs). Such legislation should also bring oil contracts signed by the Kurdistan region in line with the central government process.”

Read more here.

These articles tells us something we already know – there are a lot of people who are pulling for major components of Iraq’s future, one being the HCL. Rumor and speculation among many I work with in financial political seats of influence is that Maliki is pulling to get this approved not only before June.. but before the Holiday later this month.

That is GREAT news.

MORE good news:

Earlier this week we saw a discouraging article from the CBI where they said they didn’t have the reserves to “raise the value” of the dinar. We all know this is garbage, for a few reasons I won’t waste your time with. What I WILL take your time with is this completely opposite article:

December 1 – Central bank seeking to “restructure” currency.

An advisor of the Central Bank Mzarsaleh that the bank is seeking to restructure the currency to suit the economic development., “Said Saleh (of the Agency news) today:

We will resort to the restructuring of the currency to suit the new situation and economic progress, noting that the currency is growing day by increasing Alatnag and economic progress, not because of inflation and release as before.

He added: that the value of the Iraqi dinar escalate, and this rise has achieved a major goal in addition to the purchasing power of the dinar rose to the value of imports.

Saleh explained: Ann’s central bank plans to maintain the value of the Iraqi dinar and the essence of monetary policy, which we have adopted the stability of the overall level of prices.

Read more here.

As a side note, one of the hot buttons on the forums lately is how long we will have to Cash In. I wrote about this in my book RV Intel, but I’ll re-iterate it here: Kuwait did this in the past. They changed out their currency no less than 5 times, in fact!

FACT: If you take an older Kuwaiti note to the bank today, it is NOT cashable.
The scary part about the Iraqi Dinar is that since it could go up in value so much, the “unknowns” are running rampant, and the rumors are even wilder. Here’s another fact:

FACT: Nobody knows (yet) how long we will have to cash in our Dinar. Period. If you hear anyone say they know for sure – that’s the exact instant you should stop listening to them speak, because they are stealing your oxygen.

One last positive note before I go:

The Central Bank intends to grant licenses for the establishment of private banks 30/11/2010 10:06 30/11/2010 10:06

بغداد30تشرين الثاني / نوفمبر(آكانيوز) – كشف البنك المركزي العراقي ،الثلاثاء، عن نيته منح بعض من رخص التأسيس للمصارف الخاصة، مؤكدا على أن ازدياد المصارف سيعزز من الدور الاقتصادي في البلاد. Baghdad, November 30 (Rn) – The Central Bank of Iraq, on Tuesday his intention to grant certain licenses for the establishment of private banks, stressing that the increase in banks will enhance the economic role in the country.

Read more here.

I mentioned in a recent post that I have absolute faith in a few of the private banks in Iraq, and I feel that Iraqi banking is a safe investment… here’s another fact.

FACT: The inflation in Iraq is one of the lowest and best maintained in the world. This is due to a well managed monetary policy, among other things.

I think that the Central Bank moving to increase banking presence, particularly independent banks, is a fantastic move for our investment.

Stay tuned, friends! The end of this road might look like it’s a long way off, but with patience and resolve – we all walk away winners in this investment.

Warmest RV Regards,

- Adam Montana