7 day countdown to Ramadan – hopefully big Dinar News on the way!!!!
Good morning friends and family!
A few days ago I sent an email, announcing my excitement about the next 10 days.
I am still excited and very optimistic, and wanted to give you all a quick update on my thoughts. (I hopped in the chatroom at DinarVets.com to explain this, but I’ll explain it here too. Discuss the chat on the forum here.)
What I am hearing is that we have a decent chance of seeing Chapter 7 or the HCL (Hydro Carbon Law) effectively or permanently resolved before Ramadan.
In my humble opinion, this is HUGE and exactly what we need in order to see a revaluation of the Iraqi Dinar!
Let’s break it down:
I’ve been saying for years that we need a few things to happen before the Iraqi Dinar can possibly revalue. The three major elements to a Revaulation of the Iraqi dinar are the HCL, the GOI, and Chapter 7.
Why?
GOI (Government of Iraq)
This one should be a no-brainer, but I’ll break it down. 8 years ago the value of the Iraqi Dinar plummeted and the country was thrown into darkness almost overnight. Since then, the country of Iraq has worked it’s way back from that devastation and they now have a pretty efficient democratic process in place! There could NEVER have been a revaluation of the now devalued Iraqi Dinar without a reasonably sufficient government to back it up.
In my opinion, we now have a government that is sufficiently capable of handling a more valuable currency.
GOI – CHECK!!!!!
Unfortunately… this is only one of three necessary items. Here are the other two items:
Chapter 7 restrictions
Iraq is currently under Chapter 7 of the United Nations, which (in a nutshell) prohibits the country from operating a fully functioning military. While Iraq is under Chapter 7, they simply cannot defend their own wealth and the RV will not happen until they are able to defend themselves! The other item is the HCL.
Chapter 7 lifted – NOT YET.
HCL (Hydro Carbon Law)
The Hydro Carbon Law is (in a nutshell) what is and will keep Iraq from operating as a “business” – they need to be able to sell a product so they can back up the value of their currency! Until the HCL is resolved, there can be no RV.
HCL resolved – NOT YET
Now for the good news!
Agreements are pending on BOTH of these items! I am hearing rumors that there is a push to get both of these items forced through at almost the same time. If this happens before Ramadan, I believe we could be seeing movement on the Dinar VERY soon!
Feel free to leave your comments here on DinarSpeculation.com, or at the forum DinarVets.com
GO RV!!!!
All my best,
- Adam Montana
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