Lots of hype concerning this weekend – I consider it hype, anyway. There is a rumor that the Dinar will revalue on the 9th… started, I believe, by the same people that said the Dinar “had” to RV by the end of 2010.
I don’t see it happening, based on what I’ve learned from my Iraqi, CBI, and other associates. (If the Dinar revalues on the 9th I’ll be the first to say I was wrong!)
Here’s my current position:
Iraq has made some very very VERY exciting headway! They have 90% of what needs to be done…. done. They are very close to being able to revalue the dinar, BUT this is not something that will happen lightly!
Iraq always has and always moved slow. They likely have much planning to do before they can surprise and astound the world with a revalued currency. They would be irresponsible to do it without planning and planning again to cover all contingencies.
Iraq is moving forward, and so is our investment. 2011 looks like it will be a very good year indeed!
Now, here’s the news:
Economic Expert: The Return of the capital will encourage foreign investment
Baghdad (News). Economic expert said Bassem jamil that the return of capital and investors Iraqis will work on bridging the gap investment.
Jamil said a statement (the news News) Thursday that: “The use of the return of capital and with high Competencies in the private sector will fill in the blanks, which was filled by modest capabilities, which is accurate signals foreign capital, which was لايطمئن to invest in Iraq,” he said.
The economist pointed out that: ” The capital to discuss opportunities for safe and easy for employment and investment funds inside Iraq, he stressed the necessity of giving the facilities to enable him to contribute to the process of the reconstruction of the country. “
Sheikh Ali Al-Najafi: Iraq’s departure from the seventh article a historic opportunity must be invested.
He stressed the religious authority Grand Ayatollah Sheikh Bashir Al-Najafi, today, Tuesday, that Iraq’s departure from the seventh article with a historic opportunity requires that use all potential investment make up for the lost time of “sunni Deprivation and unjust,” he said and the development of its cultural, scientific and technological and technical.
The central bank denies issuing currency the 100 Thousand dinars
The Iraqi Central Bank denied his intention to issue paper currency the 100 Thousand Iraqi dinars. And the Iraqi central bank advisor stressed the appearance of saleh in press statements that the issue of paper currency the 100 Thousand Iraqi dinars is not the banks programme, denying the news that reported by the mass media and the press of Iraq regarding this subject.
Iraq to tender new plants, triple power output by 2013
Iraq plans to almost triple power generation capacity to 17,000 megawatts by 2013, mostly through building new plants, Masaab Serri, an Electricity Ministry spokesman, said. Iraq plans to invite bids later this year for the construction of three power plants to boost output by 1,500 megawatts, he said today in a telephone interview from Baghdad.
Gulf Keystone Rises on Iraq Well Resources Report
Gulf Keystone Resources Plc, the U.K. oil explorer focusing on Iraq, gained after reporting that the resources from a well in the northern part of the country are “massive by any standard.”
The shares rose 5.5 percent to 172.5 pence as of the 4:30 p.m. market close in London. The Shaikan-3 appraisal well found layers of earth that may contain oil volumes in place of 220 million to 2.2 billion barrels, Gulf Keystone said in a statement today.
Basra university set up a seminar on Iraq’s departure from Chapter VII
Basra (IBA) … to the Arabian Gulf Studies Center at the University of Basra the establishment of a scientific seminar on Iraq’s departure from Chapter VII and consequences.
A source was quoted in the independent press agency (EPA) for the director of the Centre, Dr. Jassem Ghali Turkey as saying that the seminar, which سيقيمها the centre on 12 February 2011 at the same time with the anniversary of the (37) to set up the centre وسيحاضر in the forum a group of professors and specialists from the University of Baghdad and in the Dhi Qar, basra University, Dr. Sami phone, and Dr. Abdul-Al Ajami.
Turkey said that the symposium will highlight on the positive effects that left Iraq’s departure from this item and the political and economic impact on Iraq and the region.
It is worth mentioning that the task in the seventh article, article 39و41و42 as stipulated in Article 39 of the power to the UN Security Council to decide if there is a threat to peace or otherwise undermined one of the state to the other, according to this the Security Council to take the necessary measures according to Article 41, which لاتتطلب the use of armed force for the implementation of قرراته, which includes the border of economic relations and of, among others, in the case of doesn’t work with this country economic sanctions taken by the Security Council under لمجس that the security measures be taken by air, sea and land forces, as may be necessary to maintain international peace and security. (Eventually)/10/P/.
172 billion ID allocated to article 140- Iraqi constitution
Narmin Osman, the deputy chairman of article 140 committee, in a statement on Jan 2, declared that the 2011 estimated article 140 committee budget is 172 billion Iraqi Dinars. She also told PUKmedia the budget for the article in 2010 was the same and 17000 compensatory checks were passed among inhabitants of Kurdish areas last year.
Article 140 of Iraqi constitution necessitates the central Iraqi government to normalize relations with the Kurdistan regional government by ceding predominantly Kurdish inhabitant areas to the Kurds, which are currently governed by Baghdad.
Iraq’s daily oil production exceeds 2.7M barrels
BAGHDAD (AP) — Iraq’s oil minister said Sunday the country’s oil production has increased by about 100,000 barrels a day, exceeding 2.7 million barrels.
Abdul-Karim Elaibi also said that Iraq’s oil exports will continue to rise and are expected to top two million barrels per day by the end of January, up from daily average of 1.95 million barrels shipped abroad last month.
Abdul Hadi Al-Hassani: the rise of oil prices to cover the budget deficit
Baghdad (News). According to a member of the parliamentary committee previous economic Abdel Hadi Al-Hassani, the continuing rise in oil prices would lead to bridge the budget deficit in Iraq.
Hassani said (the news News) today: this year will witness a rise in oil prices, which will lead to cover the shortfall in the budget, and this is what a reliable to revive the economic situation in Iraq.
Al-Hassani Said that the Ministry of Oil signed several contracts, which service the most, not the partnership, he said that the companies contracted by the state is to provide services in the field of oil in return for money, there is no monopoly only if it is the long-term, long, which comes in the names of the service and different.
Iraq had had held two rounds for oil (I and II) included a large number of fields with a view to point to the production of 12 million barrels per day through a plan up to a year in 2017.
And that’s it for the news!
That is literally all of the legitimate news and “intel” available to us mere mortals… what about all that tells you the 9th will be the date?
Nothing. Friends, don’t count on any date someone tells you and don’t spend your money because you heard a rumor.
The people starting the rumors have been proven to have unsavory pasts. I won’t lower myself to publishing the dirt, but it’s out there for those who want to find it.
The current situation surrounding the Iraqi Dinar online community happens every so often – it’s like Groundhog Day!
A new “guru” with “intel” comes out on the scene, people want to hear what they have to say… eventually they want more of the “spotlight”, so they pretend to have a fight with someone. (Ususally me, haha!) Then they start their own site, and usually they show their true colors within a few months.
Guaranteed dates come and go, intel fizzles and fades, and they do it again to stop people from turning on them. One lie turns into many… most of you have seen it.
I want to take a short moment to thank all of you who see me for who I am, thank you to all of you who support me, and thank you to all of you who post positive comments even though I don’t give dates every week.
Now, if you think Iraq has potential and you are prepared to hang on to your currency, Warka account, or ISX stocks – then by all means, invest what you are comfortable risking! There is a good chance we’ll make a profit, and I think also a good chance that the profit will be substantial!
Cheers, and happy New Year to everyone…
And GO RV!!
- Adam Montana