Dealing With The Wait For A Dinar Revaluation
It’s January 2010 and still no announcement of a dinar revaluation.
Some are saying any day between January 12-21 could be the day, but it could also be another let down.
If you’ve been following this investment for even just a few months, and you don’t have the right mindset in place, you have probably been disappointed several times.
Many people when they first invest in dinar, quickly become frustrated. They think that soon after they invest, it will revalue and they will be rich. Others who have held dinar for several years can still become frustrated and impatient if they are not careful.
With so many rumors going around, it is easy to get caught up in hype, thinking that all your financial troubles will soon be over. They may very well be, but when?
Perhaps you are in a good place financially but are eager to retire and live a life of ease.
Unfortunately the wait can be difficult no matter what your situation. If you are not properly grounded in your thinking about this investment, your disappointment can turn to anger and possibly regret at having made some less than wise decisions based upon the hope of a quick return on investment.
Many quit their jobs, neglect paying bills, make monetary promises etc., so sure that the dinar revaluation is about to happen.
I am not saying that it is not going to happen, I believe it will be soon, but you have to be a wise investor of dinar, as with anything else you may invest in.
So what is the right mindset to have in place as you follow this investment?
Below is a list of a few things that I believe will help you deal with waiting for the dinar revaluation.
1. Don’t factor this future income into your current financial situation.
You have no doubt heard the phrase, “don’t count your chickens before they hatch”.
While this proves to be a huge financial blessing to many, it hasn’t happened yet and no matter how close it seems, remember the dinar you hold currently has little value. The Bible says,
“Charge them that are rich in this world, that they be not highminded, nor trust in uncertain riches, but in the living God, who giveth us richly all things to enjoy;”
1 Timothy 6:16-18 KJV
The key phrase here is “uncertain riches”. It is unwise to count this wealth now, before rv, but also, once we have it, let’s not forget that God’s hand is upon this and be wise in handling your wealth, trusting Him, not the money.
2. Don’t invest what you cannot afford to lose.
As with any investment, nothing is guaranteed. Whether you are a seasoned dinar investor or wondering if you should invest in dinar, you should only invest disposable income. If you do not have disposable income, then do not invest. Too many have spent rent money, gone in to debt, etc. expecting a fast turn around.
This is unwise.
Dinar can be purchased for as little as $140 for 100,000 dinars. Some people give up daily lattes, fast food or quit smoking and use the money they save to get 100,000 or more each month or pay period. In the process, they lose weight and improve their health, while setting up an inheritance for their children’s children wisely and methodically over time.
3. Prepare yourself for the announcement.
As I mentioned in an earlier post, “Preparing For Dinar Revaluation“, you would do well, if you haven’t already, to spend more time charting your cash in course and researching financial professionals to have in place BEFORE the rv, than trying to find out when it will happen. See that post for details.
In a subsequent post, “Are You Prepared For Dinar Revaluation?”, I offer a way to get access to financial professionals I have found. As I am writing, these groups are preparing information and resources that will be made available to those who request it very soon. This is handy for you if you do not have the time and/or desire to do your own research. Again, see the post for details.
4. Plan your investments.
Another phrase you’ve probably heard is, “don’t put all your eggs in one basket.” Planning to diversify your wealth is not something you should wait to think about after the rv. Again, the posts I refer to above have information about this, plus I am planning a series of posts on different investment strategies to consider. Just check here in the upcoming days and weeks for those.
5. Stay educated.
Once you have your plan for cashing in, financial professionals, and investment strategies in place, continue to check this blog and others for resources and information to strengthen your plan. Be open to investment ideas you don’t know much about, learn about tax strategies you can take advantage of etc. This will do a lot to empower you and keep at bay the frustration from let down after let down.
6. Follow the news and/or check the CBI website.
If you are tired of rumors and let downs, follow the news and check the CBI website periodically for the revaluation. Just don’t get overly consumed to the point that you get anxious and negative. If you are on my mailing list, you will get an email announcement anyway so don’t stress. Preserve your health so you can enjoy the blessing.
7. Live your life.
If you have a job, career, profession, business or ministry, give yourself 100% to it. If you have a family, give another 100% to them. If God is in your life give everything over to Him and enjoy the tremendous peace that results.
By all means, get out and have some fun now. Try not to wait until you have wealth to enjoy your life. Many of the greatest joys in life don’t cost money.
I can guarantee that if you follow these steps, you will find the wait for the dinar revaluation much easier. Instead of anxiously and nervously waiting for the announcement, you will be busy preparing and educating yourself which is empowering.
One day, as you are living your life, the rv will happen and you will be pleasantly surprised with no worries because you have everything in place. All you’ll have to do is execute your plan and begin enjoying a blessed life that you can pass on for generations to come.
Hopefully this has been encouraging to all who need it.
Cherilynn
www.dinarinfo.net
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January 12th, 2010 at 6:42 am
The only frustration and anger that most of us have is when the so-called experts or leaders of intel sources start rattling off dates or engage in the “pumping” of the soon to be RV that’s right around the corner. They think they are helping but in reality they are only sending people on an emotional roller coaster. They’d be better off just saying………it will happen when it happens and just present the facts of what’s going on in Iraq and let people make up their own opinions. Some of the leaders are doing this but others aren’t. If it weren’t for the fact that Iraq is making inroads in order to become a world economic player, most of what the experts are saying would go in one ear and out the other. Like I said before, 98% of us log onto these sites because we’re hoping that one day when the boy (the leaders or experts) cries wolf………there will actually be a wolf at the door……..aka the RV!
January 12th, 2010 at 10:33 am
JJ,
Contact me at corywhiting@yahoo.com as I would like to visit with you.
January 12th, 2010 at 2:57 pm
http://money.cnn.com/2010/01/12/news…_oil/index.htm
http://freeinternetpress.com/story.php?sid=24167
Here some more stuff. . .
January 13th, 2010 at 12:01 pm
Bubba the cnn link didn’t work.The other one worked that good to hear they have the ablity to carry all that out.I wish they would have do it all on there own without U.S. support.But you know we are always ready to help when we can.
January 13th, 2010 at 5:25 pm
It talked about , that the U S has enough oil to last us for 2000 years or so.
and that there is no reason to buy oil from anywhere for any amount of money.
Hey people are we rich yet ?
all the blogs are quiet this week.I need some new reading .
January 13th, 2010 at 8:06 pm
Here’s the complete link for Bubba’s artical:
http://money.cnn.com/2010/01/12/news/international/iraq_oil/index.htm
January 13th, 2010 at 9:38 pm
JJ,
The reason that there are so many people on an emotional roller coaster is because for a GREAT majority of people it was an emotional roller coaster that got them involved in this investment in the first place. They heard from a close friend, family member, or co-worker that this thing is going to rv “any day now” and if you didn’t buy “now” you were going to miss the boat.
I appreciate this article that was written by Cherilynn.
January 14th, 2010 at 6:24 am
Hey, I got a friend that knows a guy . . .
January 14th, 2010 at 7:33 am
To # 7 Parson: Couldn’t agree more. the article was fantastic and hopefully people will put in in perspective. I was merely pointing out a few reasons why people get dis-appointed when it hasn’t RV’d around the time that was given out by the experts.
Sometimes investments take years and sometimes they pay off rather quickly. This particular one has been trumped up pretty good in the last month or so to hit & when it didn’t………..many have been left holding their hearts in their hands. Case in point……. the current prediction with the ERM. Cherilynn’s article is full of advice that should get people grounded again on what to expect and how to approach this thing mentally.
January 14th, 2010 at 11:54 am
Someone brought up an interesting point and of course I’m being optimistic. If our accounts are only insured by the FDIC for 100k at the bank, do we need to open up as many accounts as needed to spread out the amount for whatever our investment turns out to be? I’ve never had over 100k to deposit so I was wondering. lol
January 14th, 2010 at 3:38 pm
Parson and JJ,
Thanks for the positive feedback on my article. I appreciate you comments. Staying grounded mentally and spiritually is definitely the key to maintaining sanity throughout this journey. It’s been a long wait for many but only eternity lasts forever. We’ll get to an rv.
January 14th, 2010 at 4:30 pm
Butterfly,
The maximum actually went up to $250,000.00 during this last financial crisis. This amount is good through December 31, 2013. You should open more than one bank account if you plan on keeping it all in a bank. However, you should consider diversifying into these areas: real estate, stocks, bonds, mutual funds, other currency, or other commodities i.e. gold, silver, oil.
January 14th, 2010 at 4:54 pm
You can also open a none intrest acct. I forget what its called but you can put all of it in there,
January 14th, 2010 at 7:06 pm
Thanks Mr. Phonics and Bubba for the info. However after ….
(1st) charities,
(2nd) all our debts,
(3rd) our daughter’s future college expenses,
(4th) helping friends and family that need and deserve it, and
(5th) putting back enough to enjoy retirement
there probably won’t be that much left to worry about diversifying. lol
But what a blessing, huh !!!!!
January 14th, 2010 at 8:52 pm
Invest and live on the interest..Never spend your capital……..Thats my plan we will see if it works.lol
January 14th, 2010 at 10:14 pm
Joe, your plan concerning invest and live on the interest is good advice. Thank you for that. Mr. Phonics has also stated diversification. Mr Phonics, thank you for the good idea. I had planned to do that also. It is a good way to increase and keep your blessing which GOD has given to you. Thank you Cherilyn for your recent post. It is good to hear from you. By having patience, you will be able to not only enjoy your blessing but spend it according to Joe and Mr. Phonics wise suggestions .
January 15th, 2010 at 3:53 am
Whatever you do, make sure you pay your taxes first and foremost. My wife is a CPA and she says we will employ the expertise of a Tax Lawyer, just to be on the safe side. Be sure He/She has been recommended by someone you trust. Remember what happened to Nicholas Cage recently. His guy made mistakes on his taxes which caused him to go from filthy rich to in debt to the IRS for millions. Luckily, he can still make millions in movies and pull himself out of debt. Point is, don’t go pull someone out of the phone book.
January 15th, 2010 at 3:42 pm
If this does workout how we all would like.I don’t ever want to be broke again.And yes pay your taxes I have avoided prison all my life,witch hasn’t been easy.I not going to get rich and go to prison over taxes.They aint gonna get me like Capone.lol
January 15th, 2010 at 5:28 pm
I got something new . . .
Remember, I’m just passing info on . . .
A great summary of RV information
January 14th, 2010
This was posted on the forum, and I’m officially nominating it for one
of the best posts of the year already. I have not personally verified
all of the information, but it’s obvious that people are paying
attention!
Link: (http://dinarvets.com/forums/showthread.php?t=6200)
1. We know from Maliki’s letter to the UN dated 13 Dec 2009 that it is
his intention to bring Iraq into the “international financial
community” during 2010.
2. We know that his letter stated originally 2009 or 2010 and it is
dated 13 Dec 2009. Therefore this would seem to indicate a degree of
imminence in itself since he included 2009 with only 17 days left in
that year!
3. From this letter then we know now a time frame and a FACT that the
RV will occur by his use of the phrase to “bring Iraq into the
international financial community.”
4. This was echoed by the UN in July when we found a document in which
was buried on about the 50th page the statement that the UN intended
to revalue the currency of Iraq as well.
5. The programmed rate of 1170 IQD to the dollar is set to expire on
January 12, today. This needs to be verified because I did not provide
the link proving this. However,
6. The Exchange Rate Mechanism (ERM) is scheduled to come into affect
for Iraq on the 12th, the same day that the programmed rate expires.
7. The purpose of the ERM is to stabilize a given currency among
several currencies that participate in the ERM so that large
fluctuations are avoided. The goal of the ERM, as was the case in
Europe, is to bring the currency group into “parity” and then
eventually create a single currency for all of the countries in the
group.
8. The fact that Iraq is participating in an ERM indicates that there
is a plan, as yet not announced publicly, for a group of countries to
form a unified currency in the ME.
9. The GCC has already indicated its desire to form a single currency
and has in fact already invited and accepted Iraq into the GCC as a
“fully fledged member”. This occurred in July.
10. For Iraq to become a fully fledged member, however, it has to have
an internationally recognized currency. It’s entry therefore is
another indication that the plan is in the works for an RV of the
dinar.
11. The average current level of currencies in the GCC is about $3.45.
It is therefore reasonable to suspect that the IQD will be RVd either
at that rate or at a lower rate and then be allowed to rise to that
rate prior to the creation of the single ME currency.
12. The ERM allows for a fixed rate platform, a managed float
platform, and a free float platform.
13. We have heard rumors that the RV would include a short time frame
for exchanging dinars. Periods from 30 days to 45 days seem to
predominate. None has projected less than 30 days that I am aware of.
14. Presumably and logically the cash-in “window” would be used to
draw in all notes of 1,000 dinar or larger. My assumption is that
these would eventually be destroyed and then the IQD would have notes
similar to the US dollar (1, 5, 20, 50, and 100) plus coinage as we
do. All of this has already been planned for and I have read that the
bills have been produced.
15. The final key to our analysis is to attempt to put a narrower time
frame on the RV. This begins with March 17 as the farthest out
possible date. The reasoning is as follows:
16. The IMF has announced that it is lending 7 trillion dinar to Iraq
to support its budget. First payment on that loan is due on March 17.
This number seems enormous on the surface and would lead us to believe
that
January 15th, 2010 at 7:06 pm
Here’s the rest of Bubba’s post. Very interesting reading.
17. The loan cannot be repaid with the current valuation of the dinar. However at $1 or $3 for the value of the dinar (instead of $.0008) the loan becomes somewhere between $2.5 billion and $7 billion.
18. Given the fact that the Iraqi budget, based on $60 per barrel oil, is going to be less than $100 billion, then the loan represents somewhere between 2.5% and 7% of the budget, which is reasonable. However,
19. It is ONLY reasonable if the IQD is revalued. And in order to pay its first payment the RV would have to occur BEFORE the first payment is due. This is all consistent with Maliki’s statement in his letter to the UN.
20. I have read that the IMF has rules that insist that Iraq be prepared to make its payments from 30 to 45 days PRIOR to the payment date, and that it much show proof to the IMF. This needs to be verified by our group but is reasonable. In any case, however, the IMF clearly would NOT have announced the loan unless it KNEW that Iraq would be able to pay it back. This is a secondary confirmation that an RV is close.
21. The election takes place on March 7. Clearly Maliki intends to be re-elected. Clearly also it is in his best interest to get the RV done prior to the election so that he can benefit from that event.
22. Election laws prohibit certain major expenses and changes in expense structures 30 days prior to the election (this is to prevent fraud and “buying” of an election). I have read this and should be able to provide a link, or someone else should post it for us so we have it in writing. This means that Maliki has until February 7 to get the RV done; otherwise he will have violated Iraqi law and placed a cloud on his re-election chances.
23. Finally, the new budget obviously has to be in affect shortly, and clearly very soon since the first payment from the IMF is due on March 17. We learned yesterday that the budget is conditionally approved with only 2 small elements to be worked out. I posted some more on this this morning, as did Hangtime.
24. We can be confident that the budget will be finalized this week, IMO.
25. We can therefore now state with a good degree of confidence that the RV must occur sometime between now and February 7. The sooner it is done the better for Maliki and his election prospects, in my opinion, since he has more time for the impact of the RV to be felt by the people.
26. It is likely that the coup attempt was made yesterday with the foreknowledge that Maliki has this “rabbit in the hat” and that once the RV is announced there will be no stopping his re-election.
Thanks for you wonderful accolades. It’s nice to know that we all respect each other and appreciate each other’s efforts. Needless to say, this analysis was not done in a vacuum. It is based on posts provided by others in our group over the last several months and really just clarifies what is already in our posts.
I did this once before and was wrong, quite honestly. However the last time I did this I didn’t have anywhere near as much solid evidence as we have now. The tide is definitely in our favor and I personally can see no way that the RV wouldn’t happen in 2010, as Maliki himself has promised and the UN has indicated needs to happen. Furthermore, I see no reason why speed should not be of the essence in getting this done from the viewpoint of the Maliki government. Therefore, and in conclusion, I look for an RV from $1 to $3.50 before February 7 and most like within the next 10 days
January 15th, 2010 at 9:44 pm
That is a good read hope there right.I wish anyone was right ANYONE……..just be right just once.After winter must come spring.Better Days Ahead thats RIGHT.
January 15th, 2010 at 11:51 pm
Yah ,I was leaving out the second part . I felt there was to much speculation on a date.
It does sound resonable that it could RV before the election.
this came from Adam Montana . . . and sometimes I think he blows a little to much hype also.
On a lighter note,
I fell asleep on the couch tonight and woke up around 2:30am to find a naked woman sitting next to me, rambling on about loosing her teeth and talking to spirits . . .
no kidding!!! in my house and I live way out in the woods, no houses around.
I called the cops and sent her down the road ( gave her shorts and a t-shirt)
CRAZY . . . I don’t even know what else to say about that ?
January 16th, 2010 at 5:35 am
Wow! Do you think you are under a spiritual attack? I am new to this, but I do know what Iraq means to the world…based on the bible. I am an investor, but is anyone even talking about the consequences of re-building this country? Everyone wants and needs the investment to RV. I know I do. I guess we all better suit up! I am a Christian, but not over the top. It sounds to me like you should probably lock your doors from now on.
January 16th, 2010 at 6:18 am
So, if the value of DInar increase (RV or big %), is sure that I can exchange in European Bank, without the danger, that Iraq Governament change the notes, launched in 2003? Thank to all person that reply me
January 16th, 2010 at 8:47 pm
Wow Bubba…………..Sounds like the perfect girl naked and no teeth.lol
January 17th, 2010 at 12:01 pm
I still look back and think WOW !
Doors are lock and keys are out of the trucks.
The bad part is , I have 3 pits bull dogs . . . and they did nothing.
January 17th, 2010 at 7:58 pm
HaHa lol thats funny Bubba my dogs would probibly do the same.
January 18th, 2010 at 1:28 pm
Does anyone have any updated info with verifiable sources on the iraqi dinar?
January 18th, 2010 at 2:41 pm
I checked dinar vets nothing
Houston dinar nothing
forex nothing
dinar speculator nothing
NOPE NOTTA…
January 18th, 2010 at 3:05 pm
No news no where today.
January 18th, 2010 at 5:14 pm
Here is new news…
MIKE5961 CHAT – Dinar Vets 1/18/10 @ 4:15pm CST
The real facts are the oil deals and budget are almost done, and when the GCC is back up and running on the 23rd, you will have your RV at $2.66, and Iraq is back home with the GCC. They were in the GCC from the very first day, so why not go back in with the other GCC powerhouses? The facts are, they’re back online the 23rd, and this is the day.
January 18th, 2010 at 5:29 pm
Pertaining to post 19 and 20, I saw that post also and I will wait and see what happens. Thanks Bubba and joe for your response to my post. If post 19 and 20 are true according to the original writer then some time in feb, the rv may occur. We will have to wait and see. We must have patience and continue to monitor the occurences in iraq. One good thing in our favor is the positive incidents which are happening in iraq gives us hope that the rv is about to occur soon. If you hear of anything positive please share. Thank you.
January 19th, 2010 at 6:30 am
Alot of the so-called experts have been saying the same thing the last month or so. None of it has come to pass. Let me repeat this…………….NONE OF WHAT THEY SAY HAS COME TO PASS!
If they were living back in the biblical days, they would have been publicly stoned by now for their false prophecies or whatever you wish to call what they have been saying. They can make an argument for the RV out of the “slightest” event or bit of news that comes out of Iraq. They can also make an excuse for why it doesn’t come to pass……. also out of the slightest bit of news. Perhaps they should admit that they don’t know anything more than the rest of us and keep their mouths shut until the day of the RV and announce it “after” it happens.
January 19th, 2010 at 11:11 am
My, my jj are we a little upset? Why rain on everyone’s party? All comments and false hopes are welcome. We all like to live the rich lifestyle in our dreams. Whether the dinar RVs or not it’s all good.
January 19th, 2010 at 11:36 am
to Smoothsweeper: How do you deduct being upset from what I wrote? Which part of what I wrote is “untrue” ? I went as far back as August / September of 09 and some of these same people ( not all) were throwing out these same predictions even then. Do you not think most people would rather hear nothing than pie-in-the-sky RV is today, no tomorrow, no next week, no right before the elections……..no, no, no. How many change of dates have there been in just the last 2 months from the experts? On the contrary Smoothsweeper, I’m most confident it will eventually hit………..just not too confident it will when “they” say it will based on their proven track record so far. Upset………… not even. How many people out there besides me have experienced any anxiety at all when the deal didn’t happen as it was told to us? This is why I would make a lousy politician as i don’t like the BS you have to shovel in order to get elected. This thing is way too big to not get it right, so these leaders need to consider this when they are sitting in front of their crystal ball (AKA…… intel sources).
January 19th, 2010 at 12:06 pm
I’m with you Smoothsweeper, I like reading all of it. ALL of us know that NO ONE knows when this will happen but we still like reading predictions, etc. Sounds like someone was upset to me too and a little judgmental.
January 20th, 2010 at 2:58 am
> FROM THE CHIEF TONIGHT:
> Last Friday, I gave you a breakdown of things that you would see on
> Saturday and Sunday. Everything from China to oil contracts ………and lo
> and behold you saw the articles this weekend. I also told you that
> today on the 18th fulfills one of the requirements that the IMF has
> imposed in order for the IQD to be reinstated in value. Now that this
> step has been accomplished……..it qualifies the next steps. M is
> pushing for the 2010 budget to be passed this week. That is a key
> piece of intel when you stop and consider that there have been many
> postponements to the passing of the budget……but why? IMO………M is
> waiting for the new rate. M knows that the new rate is around the
> corner so he pushes to pass the budget this week. Just because you
> have the algebraic formula ……….what good does it do you………..without
> the variables? In order for the budget to be passed the rate has to be
> either introduced first …………or it already has been introduced to the
> parliament and they are about to put the variables into the
> calculations of their budget. M is running out of time and is visibly
> trying to encourage the passing of the budget. The longer it takes to
> introduce the rate that equals the budget…………the more diluted the
> leverage becomes for M to use both the rate and the new budget for his
> campaign. The closer we get to the 7th of March the less power this
> political weapon can be used. If you do not think that it’s being used
> for that purpose……..then go back with me two weeks ago when most of
> you ended up with stomach cramps after reading my post and coming to
> the realization that not one senator on the floor even read the
> packages that they passed. Why were they rushed?
>
> There is on hold as we are seeing on bank terminals and there is a
> state of frozen activities within Iraqi banks. I have already proven
> that to you last week. I have also been telling you not to pay
> attention to what they say……….but what they do. So today they
> say……..an auction of 132 mil or would you prefer the article that said
> it was 88 mil? Take your pick……….or keep in mind what I have been
> telling you……….I don’t believe the figures of the actions. They don’t
> even know how to lie very well do they?
>
>
> Last Friday I hope I left you salivating over what is going on with
> the oil contracts with the article I posted. So…….there is no HCL huh?
> Okay………..whatever. But they sure are signing super mega deals with
> super mega companies aren’t they ? Okay I will tell you what……….let’s
> take the stupid pill and play along with them and pretend that we
> don’t have something rather solid with the HCL …………because they say
> so. But let’s at least pretend……..according to the article I left you
> last Friday also……..that the number one area, the Kurds are actually
> interested in making money with their oil and the GOI. Let’s pretend
> that they want to………SOLVE and SUSPEND a lot of the article 140
> fulfillments. That sure would go a long way to giving hope to these
> super mega company deals that are being signed right now. ..well we
> don’t have to pretend…….those were exactly the articles that came out
> today. Once again …….what good will any of this do if the dinar is
> worthless? Look ……….when these monstrous oil companies come in with
> their currency from their country they will have to convert it into
> dinars at Iraqi banks. The dilution of their profit would be immense.
> Profit margin lines ………ARE THE BOTTOM LINES !!! That’s a lot of dinars
> that these powerful oil companies are going to have but it means
> NOTHING if it does not have VALUE !!! They can print all the dinars
> they want to convert these oil companies currencies but the value will
> still be missing. Then you have the Iraqi who is told guess what…………
> dude you have a job……..you are going to work at the oil refineries and
> you are going to be paid 327 an hour. You will make a lot of dinars
> but guess what………..THEY ARE WORTHLESS therefore ……….you are still out
> of a job! There is so much that is highly illogical when you consider
> what they say………….but it seems to make sense when given proper thought
> ………at what they are doing. SIGNING EVERYONE!!!.
>
>
> Here’s another one not to believe. The ISX. Then again these poor guys
> aren’t even putting out any articles that prove contradiction. They
> are just keeping their mouths shut going about their daily activities
> but it is all ………..In country. Of course ………..did they raise the value
> of their currency? Nope. Then keep your toilet paper in your own
> country.
>
>
> Article 140 and the HCL seem to be drawing attention as I tried to
> tell you last Friday. Today they signed a 20 year contract with Royal
> Dutch Shell. That’s impressive no doubt. But more impressive was where
> the article said that they have proposed amendments that have been
> added to the text of ALL foreign oil contracts and that they do not
> want to talk about it. Well of course they don’t want to talk about
> it. The fine print writing that has been snuck in to these contracts
> probably makes the HCL and 140 retroactive………when the rate is
> increased and the variable is added to the formula. This and a lot of
> other key activities are only pointing to an announcement soon. I also
> like that the European unions are encouraging the removal of CH7 as
> well. To learn that Iraq has recently regained its position of “Global
> Trade” is amazing! There are just way too many things happening that
> point to the announcement. I would trade all of this information
> ………..just to know the date. Keep the suffrage and just give me the
> date of when it ends.
January 21st, 2010 at 5:49 am
Thanks Butterfly for your insight. I love the reading and feel the same. I also read somewhere that if M doesnt make an announcement before the 7th of February that it wont rv before the election because of some 30 day rule. That it would be considered like trying to buy the election. Have you heard this? I just am like everyone else, I am a man with financial knowledge and just dont understand what is holding this back from an rv. Their money has no value and as they already see their country has great wealth in the oil they possess.
January 21st, 2010 at 5:21 pm
james7424 My understanding to date is that release from Chapter 7 is the only real hold up. However, I don’t understand what Chapter 7 is. I also read about the 30 day (supposedly) Iraqi law that he can’t do anything which of course is very interesting. What about the GCC going online Saturday? I don’t know what the GCC is but someone was sure it’s going to happen on the 23rd. Good Luck to all of us!
January 21st, 2010 at 5:41 pm
International effort to pass resolution to lift restrictions on Iraq next month – Chapter VII
——————————————————————————–
Pave the way for saving the country from Chapter VII
The Ministry of Foreign Affairs to step up moves to lift restrictions in the area of disarmament that impede the country’s efforts in the field of scientific research and paving the way for out of Chapter VII through the issuance of a resolution by the UN Security Council next month.
He said Foreign Minister Hoshyar Zebari said in an official letter sent to the parliament speaker, got the “morning”, a copy of: “The ministry is working with friends to adopt a resolution from the Security Council is to lift all restrictions imposed on Iraq in the field of disarmament based on the decisions of the right under Chapter VII, in particular resolutions 687 and 707 for the year 1991.
“Zebari said that” these decisions are decisions which affect the sovereignty of Iraq because they restrict the possession of ballistic missiles have a range beyond 150 kilometers and also restrict uses of Iraq in some areas of scientific research “, stating that” it is hoped to issue such a decision in mid-February next if the House of Representatives passed the Optional Protocol to the Safeguards Agreement with the International Atomic Energy Agency before the Council for a long time. ” The foreign minister said that “Ratification of the Protocol will enable the International Atomic Energy Agency to send a note to the Security Council confirming that Iraq comply fully with its safeguards agreement,” noting that “such a warrant is necessary to pass this resolution,” expressing at the same time looking forward his ministry to “authenticate the House of Representatives of the Optional Protocol by mid-February because of the importance of such a decision as it represents a major step toward completion of national sovereignty.”
It should be noted that the House has finished on the first reading of the draft law on ratification of Iraq the Model Additional Protocol to comprehensive safeguards regime of the International Atomic Energy Agency. For his part, MP from the Kurdistan Alliance Azad Omar Bamarni hoped that the UN resolution passed by the Security Council next month will allow Iraq purchase of sophisticated weapons and long-range missiles to strike a balance in the region. Bamarni said in a statement the “morning”: that “the ratification by Parliament on the Additional Protocol is essential to persuade the International Atomic Energy Agency that there are no illegal activities or seeking to acquire nuclear weapons, This helps to confirm the United Mahdp country’s commitment not to break the agreements and commitments adhered to by Iraq, paving the way out of Chapter VII.
“He noted that “the issuance of such a resolution from the Security Council will achieve the strategic balance in the region and achieve a deterrent force to Iraq as allowing him to buy long-range missiles and weapons of variety and cancels the previous decision determining the extent of missiles to 150 kilometers, in addition to carrying on scientific research especially in the areas are still off-limits to country, “adding that” this matter will also contribute to achieving stability in the region will not be a cause for escalation, because the purpose of buying such weapons in the future will be for both defensive and not offensive, because Iraq is a believer and is committed to international peace and security.”
January 22nd, 2010 at 6:57 am
No RV until after the election. After the debacles in Iran and Afganaistan the US wants to make the Iraq election an example of how to hold a real vote. When the results are in and a legitimate government is in place you will see the lifting of chapter 7 and the revaluation will follow quickly.
January 22nd, 2010 at 7:00 am
Cromwell you took the words right out of my mouth!
January 22nd, 2010 at 4:02 pm
Cromwell, I am trying to understand all of this Chapter 7 stuff. I apologize for trying to catch up to all of you bu what role does the US have in lifting that?
January 22nd, 2010 at 4:03 pm
Hey Bubba!!! Did your hoochie coochie woman get you after all dude? where you been?
January 23rd, 2010 at 5:50 am
BAGHDAD (Reuters) – U.S. Vice President Joe Biden met Iraqi officials in Baghdad on Saturday amid a row over a decision to bar scores of candidates from a March election over suspected links to Saddam Hussein’s Baath party.
The move by an independent panel has outraged Sunnis who dominated Iraq for more than two decades under Saddam and who see it as an attempt to marginalize their community, casting doubt on the inclusiveness and legitimacy of the March 7 vote.
U.S. officials privately say the arbitrary way the list appears to have been drawn up and the questionable legitimacy of the panel could undermine the election. But Iraqi officials told Biden they did not need nor seek U.S. interference.
“The issue of accountability and justice is an Iraqi issue and there is no foreign role in it, nor is there a role for foreign influence,” government spokesman Ali al-Dabbagh told Reuters after Biden met Prime Minister Nuri al-Maliki.
“There is no role for Biden in this issue and he didn’t come to interfere in this issue but to help Iraq in its strategic relations with the U.S.,” Dabbagh added.
The sectarian violence between minority Sunnis and majority Shi’ites unleashed by the 2003 U.S. invasion has begun to fade.
But Iraq’s security remains fragile, and is frequently put to the test by suicide bombings and killings carried out by suspected Sunni Islamist insurgents such as al Qaeda, or attacks U.S. officials blame on Shi’ite militia supported by Iran.
The March election is a test of whether Iraq can sustain the growing peace and build a future of stability and prosperity on the back of multibillion-dollar contracts the country has started to sign with global oil companies.
One of the officials Biden met was Oil Minister Hussain al-Shahristani, who is presiding over deals with oil firms that could catapult Iraq to third place from 11th among oil producing nations and make its crude output rival Saudi Arabia’s.
“I just want to say in light of your newfound prosperity, I’m available for adoption,” Biden joked during a photo call.
ELECTION ROW
But the election row is potentially serious.
Sunnis largely boycotted the last national elections in 2005, feeding resentment and fuelling the insurgency against U.S. troops and the Shi’ite-led government. That could happen again if Sunnis feel unfairly excluded from this election.
A U.S. official traveling with Biden on his third visit to Iraq since U.S. troops pulled out of urban centers in June said he was confident the furor would be resolved by Iraqis.
“I would say, based on the recent months especially, that what we’ve seen is a growing and significant ability of Iraqis to resolve their differences and disputes through the political process,” said Biden’s national security adviser Antony Blinken.
“And so I don’t think it’s the place of the United States or any other outside country to resolve these kinds of problems for Iraqis because they are demonstrating they are more than capable of resolving it for themselves,” Blinken said on Friday night.
The list of 511 banned candidates included more Shi’ite politicians than Sunnis. It was weighted against secular groups expected to fare well in the election against the Shi’ite Islamist parties that have dominated Iraq since the invasion.
More of the 6,500 candidates in total standing in the election are expected to be banned for other reasons, such as for having criminal records or using fake university degrees.
January 24th, 2010 at 8:08 am
Maybe the V. P. is there to persuade them to RV. lol Where is everybody? Anybody have anything??? Go Colts!!!
January 25th, 2010 at 10:00 am
Hey butterfly, your colts won… No nothing buzzing on the wires. All quiet. All predictions have been wrong so I guess they are biting there lips.
January 25th, 2010 at 11:38 am
Ther always wrong but give them til the end of day they will come up with something they always do.All the good rumors come out thursday to keep us watching the web all weekend.
January 25th, 2010 at 1:30 pm
no butterfly go saints….
January 25th, 2010 at 3:11 pm
no butterfly……..GO SAINTS!!!!!!!!!!!
January 25th, 2010 at 5:13 pm
Hey j&j glad to see N.O. in the SuperBowl for the first time that’s awesome, but sorry Colts will kick their butt. lol
GO COLTS!!!
So how about the RV. Before or after the election. There are new Chapter 7 talks. That’s encouraging!!
January 25th, 2010 at 5:17 pm
According to the Kuwaiti News Agency (KUNA),
The Iraqi Foreign Ministry said in a statement that minister Hoshyar Zebari headed the Iraqi side at the meeting, while the US party was led by the Deputy Secretary of State Jeffrey Feltman.
Discussions at the meeting dealt with various issues of common concern, current regional affairs and means and plans for boosting security and stability in Iraq in particular and the region in general, the official statement said.
They also dealt in particular with the means to relieve Iraq of the chapter seven, efforts to enable Iraq restore its international status that it had enjoyed before issuance of the UN resolution 661 in 1990, in addition to the US honoring of its pledges with regard of the withdrawal of the American forces from the country.
January 25th, 2010 at 5:57 pm
ya know Mr or mrs butterfly, I can appreciate the post you just made, can you also post the source. Thank you!
January 25th, 2010 at 7:09 pm
How can a rv happen if chapter 7 is not lifted? If chapter 7 is not lifted until after the elections, then rv may not happen until then also. My question is ” IS CHAPTER 7 ONE OF THE REQUIREMENTS FOR IRAQ TO RV? Can anyone answer this. Please post verifiable source.
January 26th, 2010 at 6:29 am
hey butterfly does this mean you are willing to make an iraq dinar bet. ( lol ). your right first time the saints going to the super bowl. it is crazy out here with shirts hats ect that are for sale. when the saints win the super bowl who knows the next thing to happen is to cash in the dinars.
January 26th, 2010 at 11:55 am
J&j you are such a comedian. “when the saints win” OMG. I just got up off the floor!
Here’s some good news from Adma for those that haven’t seen it!!
Iraq 2010 budget approved!
January 26th, 2010 Adam Montana
FINALLY some good news for us Dinar Currency speculators! I’m extremely interested to hear what the number crunchers in the crowd are going to have to say about this one, for several reasons. The Iraqi federal budget has been held up by debates for several weeks, primarily for political reasons.
I mentioned months ago that the budget was going to be a big issue, and not for economic reasons… for political reasons. Political reasons such as Prime Minister Maliki’s upcoming electoral opponents wanted to make sure he was not able to use any state resources to fund his March 7 election campaign… the plot thickens, as always!
After what seems like a hundred years of sissy-footing around, the Iraqi parliament passed a 2010 federal budget earlier today (Tuesday January 26 2010) that puts federal spending at $72.4 billion (84.7 trillion Iraqi Dinars). The budget also sets a deficit this year of $19.6 billion (22.9 trillion Iraqi Dinars).
Iraqi government income is estimated at about 62 trillion Iraqi Dinars ($53 billion), 95% of which is from crude oil exports. Here’s where the number crunching comments should start: Iraq’s current and projected crude oil exports.
Also of note, the approved budget allows Iraq to seek a $4.5 billion arrangement with the IMF. This has been discussed before, and several times the IMF loans have fallen by the wayside. A trend I have noticed, however, is that when the IMF loan falls through, sometime in the near future an agreement is reached with one country or another that Iraq owes money to. Some debt is forgiven, investment opportunities are arranged for the country that forgives the debt, and Iraq walks away with a stronger foundation upon which to build a secure and financially successful future.
I’ll be keeping an eye on things, stay tuned!
-Adam Montana
January 26th, 2010 at 11:56 am
Alberta – it’s Mrs by the way.
Source is dinarspeculation
January 26th, 2010 at 11:58 am
Ernest,
I read the other day that another country got around the Chapter 7. I’ll see if I can find that
January 26th, 2010 at 8:45 pm
Any luck butterfly?
January 27th, 2010 at 4:55 am
hey butterfly’ who dat saints going to beat them. o and your colts are about to become ponys lol.
January 27th, 2010 at 5:17 am
Thank you Butterfly, I will be looking out for your info. The news about the iraqi budget is a very good thing and also can be found on dinartrade.com for verification purposes besides adam montana. Again thank you for this info. It lets me know that we are closer to having a prosperous new year in 2010. REMEMBER THAT GOD HAS DONE THIS FOR HIS CHILDREN AND WE SHOULD NOT FORGET HIM. MAKE THE BEST OF YOUR NEW WEALTH.
January 27th, 2010 at 9:41 am
from http://articlesofinterest-kelley.blogspot.com
Wednesday, January 27, 2010
CBI – seeking to cancel confirmed zeros from the Iraqi dinar …
“The CBI, with headquarters in Baghdad and has four branches in Basra and Sulaymaniyah, Irbil and Mosul, he founded the bank under the law of an independent Iraqi Central Bank of Iraq issued on 6 March 2004, and shall be responsible for the maintenance of price stability and the implementation of monetary policy, including exchange rate policies and management foreign reserves and the issuance of currency management, as well as to regulate the banking sector”
Wednesday, 27, 2010
Take the CBI, on Wednesday, transfers of foreign currency out of Iraq “a legitimate act,” while seeking to cancel confirmed zeros from the Iraqi dinar.
The adviser said the central bank governor and general manager of statistics for the appearance of Mohammed in an interview with “Alsumaria News” that “the process of foreign-exchange foreign currencies came in accordance with the transition from totalitarian regime to a free economic system”, stating that “This is one of the economic rights of citizens that guaranteed them by law. ”
Saleh pointed out that “the CBI committees involved in combating money laundering and proceeds of crime and terrorist financing, and otherwise is an act of legitimate,” he said.
The law against money laundering Iraqi development of procedures in 2004 due to regulatory institutions, especially banking ones.
Saleh added that “the transfer of funds, by citizens abroad, through the remittances is to finance the trade of Iraqi private sector, not for reserves in foreign banks, the lack of interest granted by the Iraqi banks compared to foreign banks.”
He said Advisor to the Governor the Central Bank that “the Central Bank of Iraq is only in Iraq, which is conducting the financing of the Iraqi private sector and traders in foreign currency, through auction conducted by the daily.”
Salih stressed that “The auction was able to maintain the Iraqi dinar exchange rate, for a period of four years of non-volatility, as well as the auction has to absorb excess liquidity, which is reflected positively on the price stability, “indicating” that the Iraqi dinar has become very strong,
The strength of rising foreign exchange reserves, would be reflected on the positive performance to cope with any crisis that may occur in the future “, he said.
Regulated by the central bank auction sessions a day, except Fridays and official holidays, and the participation of Iraqi banks, and within which buying and selling foreign currencies, the central bank sold currency conversion process to the outside, for some companies and citizens for a certain commission.
For his part, the economic expert Falah Hassan Alwan said “get out the currency remittance through the auction has a positive side and a negative.
The Alwan said in an interview for “Alsumaria News”, that “the positive side is to move the Iraqi economy, by encouraging the private sector and entrepreneurship, while the downside is the fact that some companies out of money laundering.”
Alwan called on the Iraqi Central Bank to “pass a law forcing banks, with which to determine the amount of money, which turned out, for the employment of funds, and transfers to be made under the control and supervision of the Central Bank of Iraq.”
In another context, “said Advisor to the Governor Central Bank of Iraq that” the proposal to cancel some of the zeros of the Iraqi dinar, is one of the priorities of the Central Bank of Iraq, to reform the currency and organizing it. ”
Saleh pointed out that “past wars fought by Iraq, has caused the rise and inflation in the money supply of 25 billion dinars in 1980 to 23 trillion dinars now,” asserting that …
“the Central Bank of Iraq moving in the direction of literacy zeros currency quietly, to avoid problems for the future” …
The CBI, with headquarters in Baghdad and has four branches in Basra and Sulaymaniyah, Irbil and Mosul, he founded the bank under the law of an independent Iraqi Central Bank of Iraq issued on 6 March 2004, and shall be responsible for the maintenance of price stability and the implementation of monetary policy, including exchange rate policies and management foreign reserves and the issuance of currency management, as well as to regulate the banking sector.
Alsumaria News / Baghdad
January 27th, 2010 at 10:55 am
So what does this mean for us Dinar holders?
January 27th, 2010 at 2:45 pm
It sounds like we are going to get the shit end of the stick.It has been a worry from the begining.We help them build up there reserves and then when it is time for us to get what we should for the help we get F%&^*&.Is what that sounds like to me.
January 27th, 2010 at 2:54 pm
It means we might get what we put into this investment back if we are lucky.
January 27th, 2010 at 4:07 pm
maybe I’m missing something Joe but I took it as this. The IQD is worth approx .00089 USD. If they erase the zeros, it means moving the decimal point to the right. I took this as an RI or RV. This is the first time I’ve seen this in writing myself. Anyone?????
January 27th, 2010 at 4:58 pm
I understand it as butterfly did. It would go from .00089 to $0.89. This in an effort to stop the illegal money laundering. But I don’t know anything????
January 27th, 2010 at 5:26 pm
I would be happy with a .89 I might not be able to retire on it, but it would pay off all my bills plus some..:) I would guess however that the removing of the zeros has nothing to do with the US Dollar rate, but more with the value in Iraq. For example if a Big Mac costs 4000 Dinars now, That same two all beef patty fat pill will cost 4 Dinars tomorrow. So if you have 1,000,000 Dinar. It will now be worth 1000 Dinar ( spending power ) If they then RV at $3, well we won’t all be telling our bosses where to go..:) The key I think is they said ” seeking to cancel confirmed zeros “. I don’t know what they mean by “confirmed”. Anyone know how much a Big Mac is in Iraq?..lol
January 27th, 2010 at 6:54 pm
I hope your right I like that theory butterfly.In iraq a 25,000 note is like a 20 here on the street from what I’ve heard.
January 28th, 2010 at 3:51 pm
This was sent yesterday but I didn’t get until today. A lot but very interesting reading.
Imagine a light snowfall coming down. As you stand in an open field
> there are many snowflakes silently lying on the ground. It is not a
> carpet………..but a generous amount. It would almost be impossible to
> take any steps forward without stepping on them. There are simply just
> too many everywhere you attempt to walk. Such is intel in these days.
> Every snowflake is like discovering another article that beams the
> light of the RI. IMO………there honestly is no reason to give you every
> snowflake of intel that is literally falling out of the skies. There
> is no need to impress you nor share from sources that should be
> respected and protected. They are military and bank sources all once
> again today reconfirming what I told you yesterday. Although there is
> a slight update. Tonight……….O will do his speech. The first 2/3’s will
> be him telling the American people that he can relate to us in our
> economic suffrage. He will tell us that the economy has snapped the
> nation’s spirit and eroded his standings. He will call for tax cuts
> for small businesses and demand more restraints from a government that
> keeps piling up debt. He will express that he understands our
> frustrations and our struggles and he is working on it. The last 1/3
> you will need to divide it into three parts. The first part he will
> give us an update of the escalading war in Afghanistan. He will talk
> about a nuclear security summit in Washington and somewhere he will
> tell us that the US combat mission in Iraq has come to an end. Our
> sources are on high alert tonight. Within the next few hours if all
> conditions are satisfactory……..O will also say that Iraq is a free and
> sovereign nation. He will say that CH7 has been lifted. IMO…….I do not
> think this last part will be mentioned tonight. But if it is ……..our
> sources tell us that the new rate will automatically turn over in the
> banking systems.
>
>
> Do not pay attention to the articles about removing 000’s. Translation
> can be a handicap with articles. ……for those of you that are new try
> to understand that to remove the 000’s from the physical dinar itself
> ………would cost an outrageous amount of money to turn them into $25
> bills. I promise you nobody in the CBI is recommending to take a giant
> magic marker and rub out the 000’s on the bills. They are not passing
> out thousands of scissors to clip out the 000’s on the bills. There is
> no black tape that is going to overlap the 000’s on the bills. They
> speak of the 000’s in the exchange rate of the IQD. Right now it
> stands at .00087 ………..it is these three zeros that they are
> considering to remove. You can also consider that when the RI happens
> ……..we will all cash in our 000’s. It is another way of eradicating ………
> 000’s.
>
>
> Last Thursday on the 21st an article came out that had my team and I
> trying to figure out where our intel ……….relates to it. I’m going to
> try to share it with you although I have kept it quiet because we have
> been studying it with FOREX people. So hang in there and let me give
> this a try. OK…. a few days ago we received a bit of intel that said
> the Fed Reserve was suspending the use of USD for the purchase of
> foreign currency. This is only part of the story….
>
> Initially we thought this would shut down FOREX all together but after
> a closer investigation (and a little help from our friends at the Wall
> Street Journal) we now know this intel is pointing at the suspension
> of a specific type of transaction called a Central Bank Liquidity
> Swap. This “Liquidity Swap” is basically a currency swap between the
> Fed and Foreign Central Banks… So why would the FED suspend this
> activity?
>
> Well these type of currency swaps are used by governments to help
> provide liquidity in USD to overseas markets. Country X needs some USD
> so they trade their currency for some USD at the prevailing exchange
> rate…. These swaps last for a set period of time, wherein the county
> agrees to buy the currency back at the “same rate it was purchased”.
> These swaps can last overnight or several months. Two critical points
> here… the USD is exchanged at the prevailing exchange rate at the
> time the swap is INITIATED…. and paid back at the same rate of
> exchange… They call this unwinding the swap.
>
> Now picture the FED…. the USD is on what is called a Fiat money
> system wherein its value is backed by foreign currency held in
> reserve. Now we know that the FED has several trillion dinar in their
> foreign reserve….. Consider the following scenario…
>
> Assuming the FED knows the dinar is about to RV… would it not make
> sense to suspend those swaps until after the RV… Why sell dollars at
> a particular rate when you know for a fact that you dollar is about to
> get a severe bump in value post RV… Remember…… one of the key
> components to such a liquidity swap is that when you unwind the swap
> it is done at the original value…..
>
> Say the FED conducts a series of swaps worth 15 billion dollars just
> prior to an RV. Now then the dinar re-values which in turn increases
> in the value of our Foreign Reserve. Knowing that the value of money
> held in the foreign reserve has a direct affect onthe value of the
> currency it is backing…….. is it not unreasonable to assume the value
> of the dollar could increase?
>
> Hypothetically, lets say that post RV the value of the dollar jumps by
> 5%. The net effect of RV on those liquidity swaps would mean that that
> foreign governments participating in those swaps just received a 750
> million dollar loan at 0% interest for a time period equivalent to the
> term of their swap…
>
> Our team believes the timing of suspension of such swaps is curious at
> best… But now you know….. the rest of the story….
>
> Here is a link to a Wall Street Journal Article explaining how the FED
> will suspend this program effective Monday Feb 1st…
>
>
http://online.wsj.com/article/SB10001424052748704423204575017281252221758.html
>
>
>
> Iraq signs a final contract with a consortium of companies ledby
> “CNBC” China to develop the field Halfayah
> The Iraqi Oil Minister Hussain al-Shahristani said in an interview
> earlier for “Alsumaria News” that “crazy and Halfaya fields have been
> established on foreign companies and their development مليونين will
> add 350 thousand barrels of Iraq’s current production of مليونين and
> 500 thousand barrels a day.”
>
>
> Now based on the Budget yesterday and $1.00/Barrel produced to Oil
> producing providences:
>
> 500 Barrels = $500,000 USD = $3,500,000 USD per Week………….. Are you
> Kidding Me? That’s just one field and 1 providence.
> The whole budget was in Dinar so why this huge part in USD? Lets look
> at the actual wording of the Budget from Parliament. Its not just Oil
> produced…
>
> Article 43, first: The Federal Minister of Finance to transfer $
> equivalent (1) dollars:
> · For every barrel of crude oil producer in the province.
> · And for each barrel of crude oil refined in the refineries
> province.· And all (150) cubic meters of natural gas producer in the
> province.
>
>
http://www.parliament.iq/Iraqi_Council_of_Representatives.php?name=articles
> _ajsdyawqwqdjasdba46s7a98das6dasda7das4da6sd8asdsa
> wewqeqw465e4qweq4wq6e4qw8eqwe4qw6eqwe4sadkj&file=s howdetails&sid=3550
>
> Oh I see its Dollar Equivalent. I was wondering why you didn’t just
> say 1170 Dinar?
>
> Come on………. 3.5 Million USD per week…………… that’s insane. What sounds
> better or makes more sense? $1.00/B or .29c/B?
>
> .29c…………….now where are you getting .29c? The text says Dollar
> equivalent? If the exchange rate is 1 Dinar = .29c that would just be
> $910,000 USD/Barrel per week. Something does not make sense here.
> Something does not jive. IMO……..a new exchange rate is missing in some
> calculations that apparently are none of our business.
>
>
>
> I told you about my Russian detective contact a few weeks ago as they
> explained the frustration within the employees of Iraqi banks. They
> are constantly being told every weekend to stand down. It is the
> mirror image of banks here in the US and abroad. Seems we all have
> something in common……..we all twiddle our thumbs as we wait. Below is
> an update of the lower denoms. Their vaults are filled with them
> causing storage problems and other complications. I share this with
> you today.
>
> Russian Contact Info
> Hi Frank, Our Russian contact spoke with the Iraq “Floor Manager”
> Banker. Keeping the conversation light, he was told that the bank
> vault is full of small denominations of dinar. Banker explained that
> this has caused problems with day-to-day operations, with people
> coming in with large bills. They have very little large denomination
> bills to make change. Russian connection is being told that the first
> week of February is believed to be the RV/RI date. Connection did not
> want to press the issue of fils…………..Thanks xxxx……….you have
> permission to use this now.
>
>
> It is getting late so I will end with saying that yesterday an
> important meeting occurred between Maliki and the Ayatollah. They
> hooked up a couple of weeks ago but to see them do it again IMO………is
> very significant considering the timing of so many important events.
> For example……..the State of the Union speech tonight. Let us
> fellowship tonight in peace and harmony and say a silent prayer as we
> listen carefully ………to O.
January 28th, 2010 at 4:27 pm
FM calls on UNSC’s 5 permanents to exclude Iraq from Ch.7
January 28, 2010
Iraqi Foreign Minister visits United Security Council to remove Iraq from Chapter VII
FM calls on UNSC’s 5 permanents to exclude Iraq from Ch.7
BAGHDAD / Aswat al-Iraq: Iraqi Foreign Minister Hoshyar Zebari on Thursday called for bringing Iraq out of Chapter VII of the United Nations Charter. This came in a meeting between Zebari and the ambassadors of the five permanent members in the UNSC: the United States, Britain, France, Russia, and China.
“The meeting discussed means and steps taken by Iraq’s government in this regard,” the Iraqi Foreign Ministry said in a release received by Aswat al-Iraq news agency. It said that Zebari handed messages to the UN ambassadors explaining progress made by Iraq in this concern.
http://en.aswataliraq.info/?p=126066
January 28th, 2010 at 7:22 pm
I haven’t been playing much . . . looks like I missed a bunch.
I have always thought that moving 3 zeros meant that if the dinar is worth 1170 to the dollar, then moving the decimal 3 places to the left on the rate 1.17
yeh thats it , I like that better than .83 from .00083
HEY anyone want to buy a golf cart?
January 28th, 2010 at 8:50 pm
Maybe I missed something? Where does it say anything about removing zeros in relation to the dollar or the exchange to the dollar? If Joe is right and the 25K Dinar note is used like we use a $20, Then It makes sense for them to remove the zeros. the 25K note is their largest denomination bill. If they do have the smaller bills ready to go, then removing the zeros will get them in circulation.
January 29th, 2010 at 8:08 am
ScoobyDoom: look at post #70 the second paragraph. I think that’s a pretty good explanation. We’re getting really close everyone. Keep the faith!
January 29th, 2010 at 1:58 pm
I disagree. Several countries have done this same thing. do a yahoo search for “erase the zeros currency” and read a few of the articles. While the author of post 70 does their research and seems to be well versed, It is all speculation.
January 29th, 2010 at 6:40 pm
They would not lop of 3 zeros from their currency. This was just done in North Korea and look at the devastation is caused internally to their people. If this was done in Iraq, all hell would break loose and the cause of democracy would be lost. The Iraqi people would be hurt the worst. Doing an RV will remove 3 zeros too but gives the Iraqi people more buying power, gives companies the resources to build an economy which creates more jobs.
If they rv too low to supposedly draw the large bills out of the market, they will have a huge influx or other investors speculating on their currency. We all know its value will continue to rise until it is on par with other oil rich countries. They and the IMF do not want currency speculation to happen. The IMF wants to get rid of currency speculation which is why they are pushing for a market basket currency peg.
I believe it will rv at a moderately high rate or a high rate close to the Kuwait dinar or it will not rv at all and it will appreciate over time while they begin to increase their oil production. I do not believe that Iraq or its people can wait that long to get some real purchasing power.
January 30th, 2010 at 9:57 am
* Adam Montana Post: DV 1/30/10
January 30, 2010 · Posted in CHATS / POSTS
FYI, this was an email Adam received from his CBI contact this morning:
Adam, I had lunch today with whom I have mentioned to you before. His energy today was so overwhelmingly positive that I felt I must share this with you… I am under the immediate impression that our wait is within days of being over, and we will see a rate that you and I before now have both agreed that we would never see! This is an amazing time, I will keep you apprised of new developments.
January 31st, 2010 at 5:43 pm
The reason I havent been on here latley is, Just like Butterfly’s last post.
AND I’M NOT PICKING ON BUTTERFLY !
Its just Adam, Kurt, Medic, and a few of the others that have “real” intel.
Come up with these dates . . . and then nothing.
no explaination . . . just nothing and then its quiet for a little while . . . THEN !
OH MY GOD !!! I just had lunch with . . .
I hope with all my heart that this will make us all rich.
But I’m gonna slow down for a bit and just watch whats going on.
January 31st, 2010 at 7:20 pm
Hey bubba this rollercoaster ride making you sick too?I know the feeling bud.
February 1st, 2010 at 2:28 am
the sucky part is in main stream media, they talk about gaining value.
When you read all the blogs, it talks about an RV . . . ?
I think I’m just slowing down on all the hype.
I’m coming up on a year now with an RV every week.
I think the reason I keep watching is , this currency is staying at a flat rate 1170
even though things are changing for the better over there.
It should flex either up or down or steady rise . . . its not.
mmmm, things to watch.
Its 6:30 am , time to go to work and sell a golf cart or two today.
February 1st, 2010 at 6:25 am
Bubba , I understand and the info does sound like someone is crying wolf. Just put it in GOD’S hands and let him take care of it. W hen you least expect it the rv will arrive. Do you want to know something funny? A couple days ago, I was checking my email and saw the words “RV” in the subject line and thought has it finally happen? When I checked it, the info was about rv campers. TIME TO LAUGH!!!! It was funny, but it showed me not to look at the surface. always check under the surface because that is where the true stuff is. THIS IS JUST A LITTLE HUMOROUS JOKE TO START THE DAY WITH AND KEEP US AWARE.
February 1st, 2010 at 4:44 pm
I heard the 7th y’all. Anybody heard that ? Just askin
February 1st, 2010 at 5:23 pm
Yep I heard that PhatBoi but as soon as the 7th comes it will be the 15th.Thats what where are wait for the 15th but only if it’s not the 7th.Whatever………
Just watch http://www.cbi.iq and when that says so it has happened.
February 1st, 2010 at 10:55 pm
Well, well, well, well, so many false predictions. All have come and gone. But as Sarah Palin can see Russia from Alaska, I can smell dinar in the air all the way from Iraq.$$$$$$$$$$$$$
February 2nd, 2010 at 7:10 am
OK From what I have read if it doesnt happen by the 7th Maliki will not be able to do anything until after election. So hopefully this ride ends on Thursday!!!
February 2nd, 2010 at 8:29 am
I heard the samething. If he wants to be re-elected then he will do it by the 7th . Cuz iraq can’t change any laws 30 days prior to the election. Soooooooo I many it looks real good for us but at the sametime don’t get yo hopes up. Smh smh.
February 2nd, 2010 at 8:33 am
Thanks joe for the website
February 2nd, 2010 at 12:52 pm
No hopes here….Still working like a dog from sun up until 10 or 11 every night. I just know that someday that ship will sail. So when it does party at my house. Im not a real drinker but I know we will have to have champagne or something.
Now anyone have anymore news or predictions bring them…
February 2nd, 2010 at 2:26 pm
I don’t think the RV has anything to do with any laws.
February 2nd, 2010 at 2:28 pm
Here a link to the forex page for the dinar.
http://www.forex.tradingcharts.com/quotes/index.php?sym=usdiqd&Submit=Go&tz=GMT
February 5th, 2010 at 10:46 am
Joe – email me at corywhiting@yahoo.com as I have some info for you.
February 5th, 2010 at 3:30 pm
Cory I sent that.Anything you want to share here?
February 6th, 2010 at 8:30 am
Joe – check your email.
February 6th, 2010 at 10:25 am
Cory, any good info worth sharing?
February 6th, 2010 at 1:20 pm
This doesn’t sound so promising…???????
Links relating to Iraq’s Currency and Monetary Policy …
Note ~ The following statements mentioned in the following articles are indirectly saying that all Iraqi Dinars with 3 0’s will be removed from circulation. That would mean that the 25,000, 10,000, 5,000 and 1,000 dinar notes will, over time, be taken out of circulation. This is Not a lop. Time will be given to trade in the higher notes for smaller notes and eventually the higher notes will no longer be used and will be phased out completly.
*** IRAQ PLANNING CURRENCY REDENOMINATION … (most recent)
Higher Denominations will be Removed in the Near Future
CBI – seeking to cancel confirmed zeros from the Iraqi dinar …
Solagh: the decision to lift the value of the Iraqi dinar was the result of valuable studies
February 6th, 2010 at 2:12 pm
Utah,
Yes, send me an email and I will send you some info.
February 6th, 2010 at 9:40 pm
Cory I never got that email from you did you get mine.I own a dating website you might have thought it was spam or something.If you want to send it to me joe@MyDatingDesires.com
February 7th, 2010 at 9:15 am
Cory send it to me to please if u don’t mind. Thatboydee86@yahoo.com
February 7th, 2010 at 1:34 pm
Cory, can you send it to bryceadrian@Comcast.net. thanks
February 7th, 2010 at 7:38 pm
i also quite interested in investing.iraq also a place that i concern. hopes u all can always share those information.
March 9th, 2010 at 1:52 pm
Awesome stuff here keep up the great post