Posted early this morning by Carlablum, thanks Carla!
Conscious / crisis between the Iraqi economy, the fiscal deficit and inflation rate of 9 trillion dinars / Investigations
Conscious / Baghdad / Haidar al-BakriIraqi paper on the threshold of collapse since 1980To 2010 in the way of economy, finance and the crisis of inflation- 3,04.00 مع الك trillion deficit rate of real financial sweeping the Iraqi economy, the spectrum because of the lack of coordination between fiscal policy and monetary policy and the great extravagance in the issuance of paper currency and the absence of a clear strategy for most of the productive sectors gives us signals
This one is a couple days old, but still noteworthy to keep up on the current events and political climate in Iraq:
Negotiations hindered between “State of Law” and INA, because of disagreement about next prime minister
Wednesday, June 2nd 2010 9:11 PMBaghdad, June 2 (AKnews) – A member in the Iraqi National Alliance (INA), led by Ammar Al-Hakim has confirmed on Wednesday that the negotiations between his list and the State of Law coalition, led by the outgoing Prime Minister Nuri Al-Maliki, were hindered because of disagreements about the next prime minister.
“The Iraqi National Alliance will not accept the next prime minister to be a dictator. The previous period witnessed mistakes and they should be corrected,” INA Member, Mohammed Mahdi Al Bayati said.
“During the previous period we couldn’t control the government in many issues. Prime Minister Nouri Al-Maliki appointed a number of military leaders and general managers without telling the Parliament,” Al-Bayati added.
That’s it for now, I’ll post more as it comes!
- Adam Montana
Hat tip to Sonny, thanks for the email!***
Iraqi central bank governor interviewed on monetary situation
Personal opinion: I think this is an interesting article for various reasons. #1, Shabibi addresses the LOP issue. According to that article from XE, Iraq plans to drop zeros by the end of the year. I keep saying there is no backing for this article, but of course it keeps getting brought up.
Well, there’s Shabibi himself DENYING that they have plans to drop the zeros in any timeline! Moral of the story? XE is good for rates, but when it comes to news… we should be skeptical of the opinionated articles they put out.
Also in that article, Al-Shabibi lets us know that the current monetary policy is always on a 3-6 month timeline, meaning it is revised or reviewed very often.
Next:
State of law adheres to Maliki’s nomination, INC waves of introducing one candidate to prevent votes dispersal
Friday, June 4th 2010 11:10 AMBaghdad, May 4 (Aknews) – “The State of Law did not nominate a compromise candidate to replace al-Maliki to resolve disputes with National Coalition about the Prime Minister post, while the latter hinted about nominating one person to prevent the dispersal of votes,” says a member in State of Law led by the outgoing PM Nuri al-Maliki.
“State of Law does not have any candidate other than Nuri al-Maliki and the claims about a compromise candidate for our list to replace al-Maliki are not true,” Khalid al-Yawar has stated today.
Ok, back to the books for me!
- Adam
*** Clarification: This is an older article, but the facts and statements are still relevant. Shabibi has never rescinded these statements, and the policies are still the same. The article also shares that the CBI is not in 100% control of the rate on the Dinar, the IMF has agreements with the Iraqi Government. Sorry for the confusion!
Before I even mention anything regarding Iraq, I want to express my deepest and most sincere thanks to all vets. You are all responsible for the freedoms I enjoy, and I personally thank you each for your services. I will be taking time today to remember and I’ll also remind others to remember… we would not have what we have without the sacrifices of the brave men and women who fought for it.
Thank you all.
On to Iraq – it’s a holiday weekend here in the US, and I know many of you are spending time with your families – as you should be! I’ll keep this brief.
Of all the things that are good for us as Dinar Investors, which comes to mind first? Peace, stability, economy, inflation, … ? It doesn’t matter which comes first, they’re all important. This one blows my mind, though:
Iraq Central Bank: core inflation in Iraq is reduced to 3% …
Data showed the central bank said on Saturday that the rate of core inflation in Iraq and the continued slowdown in April, falling to three percent on an annual basis from the three point six percent in March.
THREE percent. The goal was less than 10%, I think they have this one pretty well under control!
Another MAJOR issue is the re-denomination / lop / slicing zeros issue. People love to point at ONE article that came out a few months ago discussing the removal of zeros… but there is more than enough articles out there to contradict it that I’m personally not concerned with a “lop”. For example, this article:
The government denies any change on the local currency
30/05/2010 11:06 30/05/2010 11:06Baghdad, May 30 (Akaniwz) – Iraqi government denied the outgoing Sunday rumors, which was launched on Saturday through a number of media for determination cancellation of three zeros from the currency
This was, of course, hot on the tail of an economist’s statement that Iraq needs to make major changes. “Radical reform”, to be exact.
“Iraqi currency needs radical reforms that commensurate with location of the country,” economist says
The Iraqi situation needs radical reforms in the coming period, in line with foreign currency to support the local market, the oil situation and economic development in the country,” an Iraqi economic expert said on Saturday.”The next stage requires activating the role of the government to make radical reforms to the issue of financial currency and how it fits with the value of foreign currencies, particularly the euro and the role in moving the Iraqi market,” Ali Kahiachi said.
If these three articles don’t get you excited – you may need to check for a pulse! 
Feel free to leave comments, and I’ll be back with more soon!
Best regards and Warm RV wishes,
- Adam Montana
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
Your Tuesday Iraqi News and Dinar update is here! I’m talking about two topics this morning: The “Offshore Banking” scandal that my name is attached to, and a legitimate Maliki Interview.
First… let me make a statement regarding the internet “noise” about me. I am a firm believer that if what you’re doing isn’t worth talking about, you’re not doing it right! The fact that people keep talking about me, even if it’s negative, even if they make up accusations and try to cast doubt on my integrity, even if they stand behind fake screen names and make up complete lies… that in itself is a sign that I’m doing something that matters.
I do believe that I’m guilty of one thing, and it needs to be addressed. I am GUILTY of bringing something a little too complicated to the table recently. If you don’t know what I”m talking about, read on.
I recently helped introduce Foreign Corporations and International Banking to the VIP members. I made the mistake of including the term “Offshore” in the VIP conference calls and some people never took the time to listen to the guts of the call… they simply assumed I was encouraging tax evasion.
I’d like to clear that up. Take for example my wife, who is a CPA. It is her described and acknowledged duty to her clients to save them every penny possible on their tax returns. If you don’t have to pay an extra penny to the IRS, her job as a licensed CPA is to help you “avoid” paying that tax! For example, standard deductions. When you check the box that says you have a dependent, you get a tax break. Now, is that “tax evasion”? Well, you’re “evading” paying extra “taxes”. So, YES! That’s “tax evasion”! Is it illegal? NO! Not even slightly.
The same thing goes for the Foreign Corporation and International Banking procedures we discussed recently in the VIP – they can save you money, but that doesn’t mean it’s illegal!
I am 100% guilty, however, of introducing a complicated subject to certain people who may not have been ready for that type of education.
(If I made you concerned, I apologize. If you’re interested in it, simply join VIP here. If you simply want to cash in and pay as much as Uncle Sam suggests you do without checking extra boxes, that’s ok too! I thank you for your contributions to our wonderful government, they need every penny they can get! )
Final Statement on the matter: It is not illegal to hold your money in an account that is not inside the United States. It is also not illegal to protect your assets by legally utilizing a foreign corporation. End Of Story.
So, to the news! Here’s an interview with Maliki. No, not a pretend interview by an anonymous internet figure who hides behind an unpronouncable name… a REAL interview by the Washington Post! I especially like the first part, where the interviewer leads off with the assumption that Maliki has a very strong chance.
How confidant are you that you will be the next prime minister?
Maliki: The candidate of the State of Law [Maliki] is the one with the better chance. Many achievements were linked to State of Law. Iraq will remember that the State of Law, and its candidate, was there when the body of the state collapsed entirely but came back to be coherent.
Oh yeah, remember way back a few months ago when I predicted Maliki would win? And then Allawi was announced to have “won” the election, and all the dinar websites out there laughed and said “HA! Adam Montana is finally wrong!” And then they danced in the streets and were merry as they gloated in what they thought was a miserable day for me…
I smiled and shook my head and continued to drive the DinarSpeculation train down the tracks, and now look.
Seriously, I’m glad they had a good time dancing in the streets, and I hope you enjoyed the dancing as well… but I hope you didn’t take the clowns too seriously. As usual, they jumped the gun and made crazy statements based on too little facts. And as usual, those crazy statements start to fall apart in the aftermath, when reality starts to sink in.
Now, don’t get me wrong! I could be wrong, and maybe Allawi will come out the ultimate victor! Regardless of the winner, I stand by my original and final statement: no matter who is driving that bus, it’s heading the same way.
To RV Land.
Are we there yet?
Talk to you soon!
- Adam Montana
Hey everyone! Some quick tidbits on Iraq for you this morning, then it’s back to the books for me!
Although the elections seem like they’ve been “over” for a while, the political tension is still high without a clear result to the circus they decided to call a democratic process. Good news on the horizon, though:
Suadad al-Salhy and Waleed Ibrahim
BAGHDAD
Sun May 23, 2010 1:05pm EDTBAGHDAD (Reuters) – Election officials in Iraq said Sunday they had received new appeals stemming from March’s parliamentary election but did not expect more than a brief delay in ratification of the results.
Along the same lines, the economy is feeling the effects:
Economist: the Statements of the winning blocks confuses the Iraqi market
Sunday, May 23rd 2010 4:29 PMBaghdad, May 23 (AKnews) – An Iraqi economic expert said on Sunday that continuing political differences between the winning blocks in the Iraqi parliamentary elections has caused an increase in the prices of goods in the Iraqi markets.
“This period that precedes court ratification of election results has caused an increase in the prices of goods and commodities in the Iraqi markets because of the statements made by some politicians…
Summary? Business as usual!
Stay tuned, everyone. The process of revaluing a major currency isn’t something that happens overnight, and anyone who tells you it should has obviously never really pulled his or her head out of their… well, you know what I mean. Just hang tight, we’re still on track for a great return on our investments.
Ok, back to studying! I’ve got some extremely exciting stuff coming soon and I can NOT get this done fast enough, so please, friends, please – keep the faith, hold steady, and forgive me for my silence on most fronts for the next 10-14 days.
It will be worth it!
Best regards and warm RV wishes,
-Adam Montana
Political and military turmoil, oh no!
(Actually – this is nothing new. Business as usual in Iraq! The Dinar Speculation beat goes on, chug – chug – chug…)
BAGHDAD, May 20 (UPI) — U.S. officials warn that firebrand Shiite leader Moqtada Sadr, a key player in Iraq’s political crisis as rival leaders struggle to form a coalition government, is reviving his Mehdi Army militia in the south.There have been reports that the militia, which has close links with neighboring Iran, may have been involved in a recent surge of violence following the inconclusive March 7 parliamentary elections
And also:
Iraq coalitions meeting turns successful
Friday, May 21, 2010 12:46 GMT
The meeting between heads of political coalitions at Al Salam Palace was successful, sources from the meeting said.Iraqi President Jalal Talabani was able to break the ice among electoral entities by gathering them over lunch feast.
President Talabani urged all participants to accelerate the formation of the next national unity government, Mohammed Allawi, a senior official from Al Iraqiya List said.
Hat tip to Newshound Extroardinaire, Mr Woody. Thanks bud!
In other news – I know I said I’d be mostly out of touch for a couple weeks, but that’s going to change – I miss you guys too much! So, I’m going to make a point to hop in the chat room more often.
See you there, and keep an eye out for some BIG stuff soon – I have good reason to believe this ride is over in a GOOD way by the end of summer!
- Adam Montana
Same story today my friends – Iraq sends out information, we gobble it up, and we wait for the Dinar to Revalue.
Quick Dinar and Iraqi news links:
Secret meeting at Iraqi President Talabani’s house:
Talbani calls for extended political meeting
Tuesday, May 18, 2010 12:06 GMT
Iraqi President Jalal Talabani called for an extended political meeting that will be held next Thursday in his house, special sources told Alsumaria.
The meeting will gather the major four winning parties…
Source: alsumaria
Deadlines, steps in Iraq’s crawl towards a government.
May 16 (Reuters) – A recount of votes cast in Baghdad did not change the results of Iraq’s March 7 election, leaving intact the two-seat lead of former Prime Minister Iyad Allawi’s cross-sectarian Iraqiya coalition.
Because no coalition won enough seats for a majority in parliament, weeks of political negotiations may be needed before the formation of a new government.
Source: Reuters
More political posturing and bickering:
Baghdad (NINA) –The leader within the Iraqiya Slate Omar al-Jubouri pointed out that “The confirmation of the IS on its constitutional right over forming the government is based on democratic and peaceful hand over of power rather than a waste of time.”
He stated to the National Iraqi News Agency Sunday “We wished the Premier Nouri al-Maliki to congratulate the IS for winning the elections since he is responsible for sustaining democracy in Iraq.”
“IS does not want to achieve its interests through…
Source: NinaNews
Honestly, the meeting at Talabani’s house could be exciting but that’s about it. Will they talk about the Dinar RV? It depends, and we really won’t know. I’m sure a couple of the dingbats out there that thrive on creating fake news and pretending they have interviews lined up with Shabibi will try to make more of it than it really is. The truth, my friends, is we are still holding.
Be patient, be thankful, and be happy.
- Adam Montana
“Hat Tip” to one of our best newshounds on the forum, Woody. I’m working on some serious studying over the next couple weeks, and he has graciously agreed to help the blog by hand picking articles for me to share here.
I will, of course, give my personal opinion as I post them. We’re not here to just read news, after all – we’re here to speculate!
From aswat:
===============
Toyota agency opening in Arbil step to refurbish Kurdistan’s private sector – official
May 16, 2010 – 06:19:09
ARBIL / Aswat al-Iraq: Iraqi Kurdistan Region Prime Minister Burham Saleh said on Sunday that the inauguration of an agency of Japan’s giant Toyota in Arbil is a “significant step to develop the private sector in the region”.
“The move is indicative of the confidence in the region’s government and the stability it is boasting,” Saleh said in an address on the occasion.
He noted that a businessmen’s conference will be held soon in the Iraqi Kurdistan Region in association with the United Arab Emirates (UAE).
Arbil, the capital city of the semi-autonomous Iraqi Kurdistan Region, lies 360 km north of Baghdad.
============
Remember not too long ago when Kurdistan was in shambles, the Kurds had no voice, and there was no unity between ANY of the parties?
Well, this is a far cry from that day! CONFIDENCE in the economy, government, and stability is EXACTLY what we want to see. Keep bringing the good news, Iraq! We’re right here waiting… some more patiently than others. 
Talk to you soon!
- Adam Montana
Hey everyone!
Last night was a little crazy – people started getting “blocked” after we hit 2500+ callers, the system locked our emcee out so she couldn’t get the questions to me, and I ended up winging it for the most part!
Also, apparently it takes longer than I thought to get ALL of the emails out to people… I sent the notice out at 10AM, but some people are still getting it. Apparently you can’t just magically zip out 15,000 emails. (Now I know! Sorry if you were at the end of the list!)
Still, I was able to tackle a couple of questions and I’m sure you’ll benefit from the call.
**** Call moved to VIP to save on bandwidth. Over 120,000 views in 4 days, holy cow!!!! ******
Here’s the link: http://dinarvets.com/forums/index.php?/topic/18650-wealth-protection-follow-up-5-13-10/