Looking forward to the future, and hope we all get there "soon"!

What is going on now?  Has Dinarvets now been abandoned? 

So, day 1,354,298 of the lockdown... we now know everyone's actual hair color, most of us have forgotten how to tie our shoes and "pants with buttons" are things of the past.

Other things that have changed - Today would normally be "tax day" in the USA, but not in 2020! Thanks to the Kung Flu, that deadline has been extended to July 15. Everyone's personal situation is different, but I have to wonder how much more things are going to change between now and July 15... we can't just keep printing money and keeping people at home and expect it to all work out ok.

Don't take that the wrong way - I'm in favor of social distancing during this time. But I'm also in favor of being real about the overall effects, both immediate and long term.

The "dislike" button has been removed from DinarVets because I felt it was being abused and there are some members who only come here to hand out the rubies. Life is too short to be angry and bitter, my friends! I left the other reaction options - spread some love, you'll like it. 

❤️ 

Bernie Sanders, Elizabeth Warren, and Barrack Obama have all officially endorsed Joe Biden as the man to take down Trump. I'm curious who you all believe he will choose for a running mate? Kamala Harris appears to be the odds favorite, but tell me what you think! 

On to the Dinar - education is key in many things, especially when it comes to just understanding how it works. I explained how the Auctions and the Iraqi Budget work in pretty simple terms recently (you can find that here), and this article posted yesterday by @DWS112 ties in to those topics. 

OIL is currently under $20 (WTI), which is unsustainable on many levels. The largest OPEC production cut in history was agreed to on Sunday, in an effort to get prices moving up again... the markets don't seem to be reflecting that yet, but I have no doubt that OIL will go back up.

Here's the bottom line:

1. The world isn't going to stop using oil. Not even COVID-19 can make that happen.

2. OIL will never be free. Period, end of story, that's "all she wrote". Oil will never be free.

With Iraq being in the top ranks of all OIL producing/selling/exporting countries in the world, it has a lifeline that will never go away. Not in our lifetimes, anyway!

Perhaps the most interesting Iraqi thread of the week (so far!) is this one:

I say "so far" because one of these days we're going to have a huge winner in the Powerball Pool, and it may as well be today!* Get in here.  

*The lottery is a random chance. The IQD is not random. But if you play the lottery, you may as well join us in there!

That's all for this morning, my friends! Stay safe, stay clean, cover the coughs and wash the hands, and 

GOOO RRRRVVVVVV!!!!!

- Adam

We have a couple quick things to discuss here, now that the tryptophan has hopefully worn off for most of us.  

1. Small security update on the site this morning. Shouldn't cause any issues, but please mention anything you notice different.

2. As most of you know, I don't do many "updates" anymore, and I miss you all! I'll discuss a bit of Dinar News in a moment.

After over a decade of putting every ounce of energy I had into this site, it was time for me to make some changes.

Don't let that fool you! I've shifted most of my focus onto other ventures, but I'm still 100% in touch with everything that so many 

of us have spent so much time studying and preparing for. 

Our DV office is still fully staffed and handling "behind the scenes" items in preparation for the eventual increase in the value of 

the IQD.

The most important things I ever did here were always behind the scenes, and that's still happening.

3. Dinar News!

Whether you see and acknowledge the progress or not, Iraq is continuing to move forward.

The wait can seem eternal if you look at this situation through a microscope, but the big picture is much different.

Many of us have been here through some incredible changes, even if we haven't seen THE change we really want.

Many of us have thrown in the towel and given up on Iraq - but not me. 

Here's a prime example of the progress we can see clearly - in May of 2021, the number was 6 billion.

Just a few short months later, we are reading 7.66 billion.

The increase in dollar amount isn't just from the increased price of oil, either - Iraq is refining their entire production 

system, exporting more efficiently, and making progress.

The price of oil isn't hurting them, either.

That chart doesn't show anything that concerns me.

In fact, I love it!

Apparently, Iraq does too...

Every time I look at this situation in a "big picture" way, I can't help but get excited. There's really only one way for 

this all to end, and that is with an increase in the value of the Dinar.

How could it not end that way, when everywhere we look there is proof that, indeed, 

"Iraq possesses great and enormous wealth that allows it to be a major economic player,"

💥 💥 This has never been a question of "IF", only "WHEN". 💥 💥 

4. Finally.... It's Black Friday!

This year's Black Friday is coming with a little twist...

... I'm closing the doors on VIP to new members soon.

"Soon", as in...

... Monday.

It's always been the plan to lock up the VIP entrance immediately when the dinar revalues, but since I've taken my focus 

more and more away from the daily ongoings here at DV, it's not fair to you that I am spreading myself even thinner with the 

limited time I'm allotting to this site, so going forward - I'll be "VIP only" for the most part.

Knowing how much time I have to give, and giving it wisely, is something I take seriously.

With that said, you can get in VIP as a Lifetime member right now at a major discount!

As of MONDAY, all monthly/quarterly/yearly VIP memberships will no longer be available to new VIP members. 

If you have a quarterly subscription - you can keep it, but if you miss a billing... the only way to rejoin will be a lifetime membership.

Overall, this isn't going to affect the majority of you.

• If you're a free non-VIP member, nothing is changing at the moment.

• If you have a quarterly (3 month) VIP membership, you'll be able to renew it (so long as you keep your VIP active!)

• And if you're already a Platinum lifetime member, none of this matters to you anyway.  

And now, it's about time for the family to start getting up - so I'm off to make pancakes and enjoy this glorious day.

Thanks for tuning in, 

Stay positive, grounded, and see you in VIP.  

GOOOOOOO RRRRRRRVVVVVVVV!!!!!!

I'm having a really hard time breaking the "Wednesday" habit  

I spend hours every day researching and communicating with my people on the Iraqi Dinar, international business, asset protection, etc... and by the time Wednesday comes around, I end up with so much stuff that needs to be cleared off of my plate, it seems impossible to put it off any further!

Truthfully, I didn't realize how much of my week centers around these weekly updates. There are people I work with who know how important it is to get me my information by Tuesday, and are extremely dedicated to their roles, so even if there's nothing to report - they are checking in with me on Monday and Tuesday. Despite my best efforts to move these weekly updates to later in the week, it just hasn't happened yet. Oh well! 

Today is short and sweet. There is nothing negative to report - Parliament is working, OIL is still going the right way, and my gut tells me they are just kicking a few last details around. If something counter productive were to happen right now, I'd take a harder look at things... but that's not the case. Everything is lining up!

Parliament: still working, and working effectively.

OIL: still moving towards $60, and doing it steadily.

The only thing we can ask for right now is that BOOM! HCL news.

Keep your heads on straight! This really feels like the home stretch.

- Adam

P.S. It's too late to place your bets once the final home run is hit! If you're not in VIP when the RV is announced, you miss your chance forever.

====> Join us here. <====

Budget: All you need to know about it is here:

What that doesn't tell you is that the Budget doesn't have to have the rate. The Rate also does not need to be included in the Budget!

That's not to say that the Budget doesn't matter - it does!

But what really matters is the satisfaction of the Kurds... and that, my friends, is happening very nicely.

In fact, it's happening more than just "nicely" - check this one out:

I don't have much more to say on it than that... it's a "wait and see" game right now.

Wait for the RV, then see you on an island!

BITCOIN - making it's way back up there. I haven't had this much fun in ages! Hope you're with us in the VIP Crypto section!

Our Weekly Powerball Pool is HERE. Join us!

Go BTC. Go Iraq.

GO RRRRVVVVVVV!!!!!!

Just a brief flyby here, because there's a lot in the news and I want everyone to know I'm here.

Last week, we started seeing signs that the HCL was picking up again. That's still happening, and there's some pretty solid news coming in on the backend over here. 

Nothing that says "RV by X date", but very encouraging just the same. 

And this week... Afghanistan.

Afghanistan is not Iraq, but anything major that happens in the middle east is worth paying attention to.

My understanding of the current situation leads me to believe that we don't need to be overly concerned about our "chances". 

Everyone stay calm, focused, and of course

GOOOO RRRRRRRRVVVVVVVVV!!!!!

I know I've mentioned this before, but I'll say it again: I'm still handling everything that needs to be handled. My daily routine still involves multiple contacts with my people, our legal team, and more.

I'm just not posting as much anymore.

But I'm still here.

I'm going to run through this one pretty quick, because it's very simple to explain.

That's a good thing. Simple = easy to conclude, which also translates loosely to "soon"!

OIL is slightly lower than in my last update, but it's still in the "good" range.

Anything in the $60s is great, as far as I'm concerned!

More importantly, however, is all the HCL talk.

I'm almost certain you're hearing it from other places, and I can confirm this is true: Iraq is dealing with the HCL as we speak, and I think it's going to get done this time.

Check out the article below:

2 hours ago, 6ly410 said:

Al-Jabri announces the date for the approval of a very important law and the transfer of the oil and gas law to the next session

• Time: 03/21/2021 18:07:42
• https://alforatnews.com/news/الجابري-يعلن-موعد-اقرار-قانون-مهم-جداً-وترحيل-قانون-النفط-والغاز-الى-الدورة-المقبلة

 

{Economy: Al Furat News} A member of the Parliamentary Oil and Energy Committee for the Alliance of Iraqis, Sattar Al-Jabri, announced on Sunday the date for the vote on the Iraqi National Oil Company law after its second reading by the House of Representatives.

Al-Jabri said {to Euphrates News} that "the Iraqi National Oil Company law that has been read {first and second} will be submitted for a vote after the approval of the federal budget law for 2021," describing it as "very important."
He added, "As for the oil and gas law, the committee sent a letter to the oil ministers, asking him to speed up sending it to the Council of Ministers for the purpose of voting on it, then transferring it to the House of Representatives for preparation, maturation and passing it after the first and second reading."
Al-Jabri also referred to "the importance of the law prepared since 2007 in regulating oil revenues and revenues, which represents approximately 90% of the budget, and that in order to achieve justice in the distribution of wealth, this law, which has been delayed for years, must be approved."
While he stressed, "the committee's keenness to complete this law and follow it up by the Ministry of Oil," noting that "the law has many disagreements and differences and needs a long time to complete it," suggesting that it will be transferred to the next parliamentary session.
The Speaker of Parliament, Muhammad al-Halbousi, confirmed the existence of stalled laws that the parliament will proceed to legislate, such as the oil and gas law, which is one of the laws stipulated in the constitution, which will address the mechanism of dealing between Baghdad and Erbil and between Baghdad and the rest of the oil-producing provinces, and the law will be one of the council’s next priorities.
For its part, the Ministry of Oil stressed on the 25th of last February the importance of expediting the passage of the Federal Oil and Gas Law, noting that the law will work to regulate the management of oil and gas wealth in Iraq.
It is noteworthy that the Oil Ministry’s sudden announcement of the draft oil and gas law coincides with marathon negotiations between Baghdad and the Kurdistan region regarding the latter’s share in the 2021 budget and the mechanism for managing his oil file.
Wafa Al-Fatlawi

I'm going to repeat that last part:

💥    "It is noteworthy that the Oil Ministry’s sudden announcement of the draft oil and gas law

coincides with marathon negotiations between Baghdad and the Kurdistan region regarding

the latter’s share in the 2021 budget and the mechanism for managing his oil file."   💥

The Budget was completed some time ago, and Baghdad and the Kurds were even in agreement on the original Budget that was preliminarily approved... 

... the fact that there are now disputes, that are tied to the oil and gas law, tells us very clearly that they are not arguing over a few dinars... they are arguing over a LOT of dinars, which is also dollars.

My friends, we are closing in on a spectacular finish!

I'm looking forward to it. I know many of you are, as well.

Hang tight! This might get bumpy before it's over, but OH BOY will it be worth it!!!

Happy Sunday, everyone.

- Adam

P.S. OH! Did I tell you, or did I tell you?! Once again, I'm telling you... BTC was at around $50,000 two weeks ago. Today it's 57,000. That's 14% in two weeks. It is STILL a great time to get into crypto! You did NOT miss your last chance! We are talking about it here.

P.P.S. Be sure to get in that DinarVets Lotto Pool here!

P.P.P.S. I almost forgot....

GO RRRRRVVVVVVV!!$!$!$!$!!

This one took me a bit to write up, and I'll be candid here - it was the most fun I've had writing an update in quite some time!

Like many of you, I do fairly frequent "check ins" on my feelings about this investment... and I have questions, just like everyone else. "Is this still worth waiting on? Did the bus turn around and it's time to get off?" 

An Iraqi RV is not a guarantee, so these are fair questions any sane and intelligent person should ask themselves once in a while.

I'm happy to state that today is not the day I'm getting off the bus. In fact, I'm pulling the seatbelt tighter!

There was a question posed a couple weeks back about "sterilization". The CBI employs a procedure called "sterilization" as a monetary policy, but that is different than what may have been being asked... which is why I asked for clarification on it.

I wanted to go deeper into the topic, but my post on CBI Auctions and the Iraqi Budget was already getting a bit lengthy. As of this morning (Friday 13 March 2020), there is a lot of "sterilization" talk - and most of it is not related to monetary policy, but actual disinfecting. The CoronaVirus is currently causing chaos in the markets, creating instability and fear that is likely to last a bit longer (but not forever), and it's always good to "get back to the basics".

You know - a "check in". In these crazy times, are we the crazy ones? Are we crazy for sitting this ride out a little longer? Should we be throwing in the towel, selling all our dinar, and spending all of our money on toilet paper and hand sanitizer?

I think the answer lies at least partly in the following subjects, so let's get into it! 

The topics today are as follows: CBI Auctions, and the Iraqi Budget.

Before we do a little bit of a deep dive, I have a couple of opinions that may seem contrary - namely, the Budget and the Auctions, while important to Iraq, will probably never have a significant impact on (when or if) the RV.

In spite of that, the seatbelt just got tighter, and my smile got bigger.  These are complex topics, I'm going to simplify a little and I'm only covering a few of the aspects, but these are major parts of the topics and therefore a major factor in the size of my current smile.  The summary, which you'll understand if you can make it through this entire post, is simple. Despite these scary and crazy times we are living in, Iraq and the Iraqi Dinar still have incredible potential.

The rate of a currency is generally set by the countries Central Bank, not the IMF or anyone else. Iraq's rate is set by the CBI (Central Bank of Iraq).

Ready? Here we go!

CBI Auctions. These are used by the CBI to regulate the money, control the money, maintain the money - specifically, the rate and the amount in circulation. Actually, the CBI is selling USD at the auctions... but this will turn into a 7 hour read if I go too deep into that!

It's helpful to understand where Iraq comes up with the USD to sell at the CBI auctions. The short version is this: Iraq's primary source of revenue is OIL. Payments are made in US Dollars, paid to the DFI (Development Fund For Iraq). The USD is then transferred to the Ministry of Finance (MoF), and the MoF sells it to the CBI in exchange for Dinars - the same Dinars that the CBI collected through the Auctions of USD.

image source

See how that all came full circle? Money in, money out, easy peasy. (This will take us to the Budget later.)

(Fun fact! Dollars go to the DFI account rather than directly to the MoF to prevent the money from immediately being confiscated to pay reparation debts... kind of like using an IBC to protect assets.)

We can expect the auctions to continue while the Dinar is pegged to the dollar, undervalued, and the circulation needs to be controlled.

There are some people who believe the Auctions in Iraq need to stop, and there's good reason for that - few countries have had success with them. For example, South Sudan (who knows where that is?) tried it four times after they devalued. South Sudan, which is known as one of the most underdeveloped nations in the world, and who's primary export is timber. That's no knock on wood, the world needs wood... but wood isn't oil, and South Sudan isn't Iraq. (Sudan and South Sudan don't even make the top 100 in the world for oil reserves.) Iraq is obviously different, both in potential here and in the successful practice of having auctions.

Other countries to do currency auctions include Jamaica, Uganda and Sierra Leone. Like South Sudan - none of them are Iraq, and none of them carried Auctions as long as Iraq... in fact, the auctions in those cases were failures.

With those examples in mind, of course we'd like to see the currency options stop.

And they probably will, at some point. But most likely not until after the RV.

Since the auctions aren't stopping, and Iraq is not the same as the countries that failed at auctions... what can we expect during a major rate change?

Fantastic question! I'll take a stab at it, using examples to make the point.

At the auctions, the CBI operates buy/sell at about a 2% difference, which is an effective start of the spread that will affect every single one of us.

If the rate were changed today to 1IQD per 1USD and the IQD returns to the global market (it will, at any significant increase in rate), then we will be trading in at the rate stated by the CBI minus middlemen fees - what it costs to actually get the money through the various institutions and into your account. (This isn't Bitcoin, you know!)

If the CBI is using a 2% spread, they will "buy" at .98 and "sell" at 1 per US dollar. I fully expect that to fluctuate, perhaps wildly. They may pay .99 at first to show their confidence, and then lower it to .90 or further. (The bigger the differential, the more beneficial it is to them for the day profits.) They may quickly move to a flat 1:1 "Auction rate" simply to reinforce the rate and show that they are going to ditch the auctions soon - a lot of this is going to depend on the market. It is a business, after all.

A 2 cent difference may not seem like much, but bear with me... It is important to understand the spread!

I'll keep using the 1:1 number. For example, Iraq announces that the dinar is equal to the US dollar, the CBI is backing it, the IQD goes on the global market, and the rate sustains itself after a short time due to market demand. At this point, a lot changes, but those are different (and much longer) conversations. When we exchange, we are not going to the CBI - we are going to a bank that will trade IQD for dollars (or any currency). That bank will rely on the CBI buy rate first, which means they are getting a max of .98 USD per 1 IQD. Then they have to pay tellers and all their other expenses, so they add their spread on top of that - and this is assuming the bank you use is buying (selling) direct with the CBI. (They won't be.) By the time it gets to you, the CBI may have an advertised rate of $1, but you're only putting .70 in your pocket (before taxes).

That "spread", or "cost", is unavoidable. We are not going to get the full "rate".

Of course, you will get a better rate (money in your pocket) if you're VIP here at DinarVets, but that's not the point of this. The point is the Auctions will continue, and looking at past auctions - even yesterday's or today's auction - will not give us clues to if Iraq will RV today or tomorrow. (If we could see tomorrow's auction, that would be a different story!)

The Auctions are good to see, in Iraq, because they are proof that Iraq is stable, still in business, and functioning. But the CBI Auctions will not give us the RV date until after you get my text message.

The Iraqi Budget. The Iraqi Budget is important to Iraq because it defines how they spend money - and yes, it's the same money that was mentioned above, which comes mostly from oil sales. The MoF distributes IQD to each department according to the Budget. The Budget allocates resources to specific departments, based on a percentage of revenue or a fixed amount, and the individual departments spend their portion accordingly - just like giving your kid an allowance.

A Budget works the same way in most places, and Iraq is no different. Politicians lobby for their departments, asking for more money always, and this is why a "tripartisan" government is so important and mentioned so much in the current Prime Minister debacle. If a Prime Minister came in and seated all members of one political group, it would be like the US having only Democrats or only Republicans in power. The reason we hear about the Iraqi Budget so much is simple - they are all fighting for money. (Or power, but it's really the same thing.)

The reasons I say the Iraqi Budget doesn't matter are pretty simple. You've made it this far, stick with me just a little further!

1.  Whether a specific Department (Defense, Education, etc) is on the Iraqi Budget for a percentage or a fixed money amount, there is a dollar/dinar amount that can be assigned to it based on the current price of oil x demand for oil = projected income / department allocation = $ for Department. This is a simple calculation that can be done in 2 minutes on a 1 page presentation. It's literally 2nd grade math.

2. Regardless of any rate change, that dollar amount can be estimated and stay the same with a simple Amendment. Imagine a late night Parliament meeting - called at the last minute after 8PM one night, emergency, mandatory! One item on the agenda - doors are locked, cell phones left outside - the ONE ITEM is this: We are going to raise the rate at midnight provided everyone signs this Budget Amendment.

The Budget Amendment, in this case, states that the previous passed Budget is fixed at the old rate and all Departments receive an immediate 10% bonus due to the CBI exchange rate adjustment. The rest of the money that becomes available is held in reserve until further modification of the Budget... EVERY SINGLE POLITICIAN is a hero and has almost unlimited job security at that point.

Not one of them loses. It's the biggest slam dunk in Parliament history.

Of course they wouldn't magically start to get along, but that's an offer even that bunch of hooligans couldn't screw up.

OR:

3. Bypass the late night meeting and just pass a Presidential declaration stating the same. It accomplishes the same thing, and by the time anyone could complain, the rate would have been in effect long enough that it wouldn't matter. The President knows this. The CBI knows it. You know it. I know it.

The bottom line here? It doesn't matter what the Budget says, because all the Budget really does is allocate money to departments. The rate, based on the global fiat currency exchange program, controls how many wing dings and knick knacks they can buy with their money because of it's international status... but the Department of Wing Dings is still going to have $X of the Budget, the Department of Knick Knacks still has $X, regardless of the rate, and that's the way it works. Fiat currency isn't an "Iraq" thing - it's a WORLD thing. OIL isn't an Iraq thing. Budgets aren't an Iraq thing. Currency manipulation isn't an Iraq thing. NONE of this is unique to Iraq - all of this is "business as usual", and when Iraq changes their rate, that's what it is - business as usual.

Conclusion:

There are plenty of good reasons for intelligent people to discuss the Budget and the Auctions. It's important that Iraq continue to be successful in the Auctions, pass their Budget, and continue doing business. While the world demands OIL, those who have it will always have credit. Iraq has proven itself capable of utilizing Auctions as a form of monetary control, and I don't believe their Auctions or Budget are a hindrance to increasing the value of the Dinar.

In fact, it looks quite the opposite. And on that note, I say...

GOOOOO RRRRVVVVV!!!!!

There are so many things that I want to go over right now I barely know where to start!

Perhaps "the basics" would be good. Or maybe the rate should be addressed. I'm also working through a "Post-RV - What To Expect And Do" article that will go in VIP this week. There are changes coming in the tax codes (for multiple countries), there are political situations that are extremely relevant and telling, and so much more is happening all at once right now!

The "basics" are simple, and that's all anyone really needs to be able to sit back and wait. Iraq previously held one of the highest valued currencies in the world, and one day they will again. Although their country was knocked into the stone ages through a series of events that are now somewhat ancient history, Iraq still holds a majority of the black gold available on this planet. While the world runs on this stuff, and it will continue to do so, Iraq continues to hold an immensely powerful position. They suffered some extreme setbacks, but they did not lose their oil. This is a no-brainer to me - the value of Iraq's currency will rise again.

The main holdup has been political. When Saddam was removed, the entire government basically collapsed, and the world lost faith in Iraq's ability to do... anything.

The current situation is entirely different than the situation that dropped the value of the Dinar.

In fact, the current situation is entirely different than that of Iraq even 5 years ago!

We currently have a Prime Minister in place who is finally doing all the right things. I have affectionately named him "Kazzamie" because the progress he's made seems like a magic trick at times! 

The next crucial step to this journey, and this is a fundamental part of it, is the HCL.

"HCL", or "Hydro Carbon Law", is the agreement necessary to furthering Iraq's regaining of wealth. Without the HCL in place, there is no financial agreement within Iraq, and it is more beneficial to the politicians to keep the rate low.

Once the HCL is in place, it will be more beneficial to have a higher rate... and we are seeing a LOT of promising news on HCL right now.

The rate - let's address that, because it's important.

One of the most frustrating things about this adventure is the math. You know the saying "where there is smoke, there is fire"? This applies to all of the rumors you hear from the "date and rate" gurus. Sometimes they are misguided, sometimes they are mistaken, sometimes they are just plain "full of it", but all of the noise - the smoke - begins from a place of reality, and that place is the very real opportunity we have here. 

The value WILL go up. The question is, and always has been... How much, and when?

Unfortunately, there is no way to know for sure. That's why this is called "speculation" instead of "guaranteed", just like "fishing" isn't called "catching". (We all know how many fish you catch if you never throw a line out!)

What we CAN do is make reasonable guesses. We can form informed opinions. 

I have an opinion... this was published a while back, and the theory part still holds true. I may be updating my thoughts on the rate soon, but everything else is still solid.

============ 

There are plenty of theories on what the rate of the revalued Iraqi Dinar will be, and they honestly range from pennies to dollars… my friends, that is a HUGE difference in ROI if you hold several million Dinar! If the rate is several dollars, then your holdings could equal several million USD! If the rate is in the pennies, then your investment is potentially worth several tens of thousands of dollars… BIG swing there, right?

I’m going to list a couple of speculated rates and the reasons behind them, then I’ll tell you what I think is most likely.

Speculated rates and theories:

Based on Kuwaiti Dinar.

It’s been said that the rate must equal their neighboring Kuwaiti Dinar rate, which would put the Dinar at $3+. Many people speculate that the Iraqi’s are a prideful people, and it would be a slap in the face to have a revalued currency be less than Kuwaits.

Based on "dropping the 0′s"

It’s mentioned many times in the news that the 0′s could be dropped, which would mean one of two things:

1. The 0′s are dropped from the bills, which essentially puts most investors at a break even return. Nothing gained, nothing lost.

2. The 0′s are dropped from the exchange rate, which is currently .00086 (Dinars are worth about 1170 IQD per 1USD, or an exchange of .00086). This means your dinars are worth .86USD per Dinar – in other words, a 10,000 IQD note is exchanged for $8,600 minus spread and bank fees. (If you don’t understand the “spread”, or you think there will be no spread, PLEASE read my free Cash In Guide. It’s located here)

Based on “equal to the USD”

We see articles all the time that reference the US Dollar, stating that the CBI wants the IQD to be equal to the USD. An easy assumption is to simply RV at 1:1, making a 10,000IQD note worth $10,000.

Based on “they can’t RV low or investors will buy too much!”

Some people state they will not cash in for anything less than $1. They state that Iraq would be foolish to RV at a low rate, because then big money will come in and buy up a ton of Dinar before it can go higher. (This theory is wrong, FYI.)

My Thoughts:

Keep in mind that I’m trying to keep this as simple as possible. I am going to use hypothetical figures, and I’m going to make my point as quickly as possible… we all have better things to do than listen to me ramble on for days, right?

I agree with a few of the speculations above. I think the Iraqi Dinar should have a higher value, and I think we are simply waiting on the HCL or Chapter 7(!!!) to be finalized… then it will be “GO” time! But my opinion of the rate goes a little deeper… it includes a “business sense analysis” that everyone might consider.

Iraq is a business – and the business is natural reserves. Iraq holds a majority of the worlds natural gas and also black gold, also known as “oil”. When Iraq is released from Chapter 7 and the HCL has been settled, they will begin operating their business using the same principals any other successful company uses – the goals being profit, sustainability, and success!

Did I mention profit?

Yes indeed, friends!

PROFIT.

The most important concept to understand today is this: The CBI makes money on every auction, and they will continue to do so forever. When the Dinar changes value, the CBI buys it at a lower rate, and then sells it at a higher rate.

The CBI will ALWAYS choose the path that makes them the most money. Keep that in mind as we continue with this thesis! (*** click here for a detailed explanation on how the CBI auctions work)

Let’s move forward a few steps and talk about a ReValued dinar. I agree that a lower rate than Kuwait will be a blow to the ego’s of the Iraqis. I agree that it should be on par with the USD, or even higher. I agree that the rate WILL get there… eventually.

When the Iraqi Dinar is ReValued to a higher rate, it will become more desirable to do business in Iraq. Many people will be less hesitant to sign contracts and invest in Iraq. The current Iraqi Stock Exchange (ISX) should see some major movement… and the CBI (Central Bank of Iraq) is going to make tons of money on the exchanges!

I believe that Iraq can sustain a very stable currency at a rate of $3 or higher, but I don’t think they will immediately jump to that rate even if they ultimately desire it to be so.

Here’s why:

An instantaneous RV to $3.00 will create a ton of wealth – coincidentally, probably about the same amount of wealth that they lost when Saddam Hussein was taken out of power and the value of the Iraqi Dinar plummeted to mere pennies! What’s done is done, though, and we have to look at the situation for what it is today – not what it could have been or should have been.

When the Dinar rises in value and people are ready to “Cash In”, there is only one place that will ultimately buy the Dinar: The CBI.

Since they control the rate and they are the top of the chain, they can set their spread (the fees they charge for cashing in your Dinar) to any rate they want. I’m of the opinion that they will jack that rate up as high as possible in the beginning… and who’s going to say no? The CBI has a monopoly on this market and it is theirs to do with as they please.

A normal foreign currency exchange carries a “spread” of 2-6%. This means if you exchange $1000 worth of a foreign currency, you can expect to receive approximately $940 after the spread is taken out. Those numbers in the middle aren’t important, the only important thing is what you walk away with.

Since the CBI has complete control on the spread, which trickles down through every single banking institution that handles the Dinar, we are at their mercy. Don’t miss this next line:

If the CBI won’t buy your dinar, then you will not be able to cash in.

Take a hypothetical rate of $3.

The CBI can (and probably will) put a hefty spread their buy price – I’ve heard it will be at least 25% if they RV high. This means they will sell the Dinar for $3, but they will buy it for $2.25

Personally, I’d be grateful and overjoyed to see a 25% spread on a $3 RV! Most likely, we will only see about $2.00 per Dinar at a $3 RV by the time it gets in our hands (every party involved will take a little chunk, unless you are physically able to go to the CBI. And you can’t do that. So, just accept it – you’re going to pay a spread.)

Once again, the extra numbers aren’t important right now – the only number that’s important is the $3 and the $2.25, because that’s what the CBI is worried about.

Let’s say there is a billion USD worth of Dinar out there right now, or 1 trillion IQD. The CBI pays $2.25 for every $3 worth of Dinar, then resells it the next day for $3. That’s a profit of $75 billion just on the spread. Not bad, right?

The problem is it cost them 225 billion to do that… and that 225 billion goes right into the “debt” column.

My friends, Iraq isn’t about to go into debt so we can get rich. Therefore, a $3 RV isn’t the answer, and we must look at another possibility.

Take a hypothetical rate of $0.10 (ten cents)

Again, using the same numbers we have 1 Trillion IQD that needs to be changed out to smaller denominations. The CBI announces the rate at ten cents and also announces that your large notes will be worthless in 90 days.

Every investor would love to hold out for a higher rate, but in this situation you have no choice… you cash out. The CBI will likely use the same spread, so they will buy 1 trillion Dinar at a rate of .10, minus 25% spread, which gives us about $750 for every 10,000IQD note we have… and the CBI makes 250 million in the first 90 days at an expense of only 1 billion. This puts their debt on this transaction at only 750 million… a far cry from the 225 billion in the $3 RV!!!

However, this is only the first step. Now I’ll show you how Iraq can easily wipe that debt out by ReValuing the Dinar at a lower rate initially, then making money as the Dinar increases in value over a relatively short period of time.

What about all the other investors that will now come in to buy up the lower denomination notes, speculating that the Dinar will continue to rise?

I completely agree that this will happen! And the CBI will continue to make money on it. In the above situation, the Dinar is being sold by the CBI at .10USD per 1IQD. After all of the large notes are brought in, it is reasonable to assume twice as much money will be poured back into Dinar by speculators, at .10. Now the CBI is able to sell 2 billion at 10 cents, and they can move the peg on the Dinar up a bit – say, to 15 cents. Investors will cash in for a profit, allowing the CBI to resell at the higher rate and once again make profit.

Of course, not all investors will cash in at 15 cents. For the sake of argument, let’s say half of the investors sell out at that point. The CBI pays 0.1125USD per dinar (A profit of 12.5% for the investors!!!) and resells that billion for 15 cents – securing a profit of 375 million.

The CBI’s “debt” on the original RV is now down to 375 million… do you see how this is working? The CBI is able to make up the “loss” on the original RV simply by continuing to hold auctions and allowing more and more people to profit on the increasing value.

At this point, in our hypothetical situation of a 10 cent RV, the CBI has covered half of it’s loss with only one “repeg”. They can continue to profit all the way up to the final rate of $1, $2, $3, or higher – as long as investors are willing to buy the Dinar, they can keep moving it up.

And the way things are going over there… why wouldn’t we keep buying? I know I plan on doing so!

In conclusion, I want to caution everyone to be careful with this investment. As good as things look, we never know when some hairbrained Arab is going to pull the pin on a grenade or something silly like that. Only buy what you can afford to lose, and always consult a professional before making investment decisions.

=========== // ============

The above was written years ago, and it all holds true to this day.

When I originally wrote the above thesis on the rate, we were waiting for Chapter 7 and the HCL.

Chapter 7 is done.

HCL is next.

The RV will be shortly after that, or it will happen simultaneously.

Either way... we are closing in on the final day.

Go HCL, Go Iraq, 

GO RRRRRVVVVVV!!!!!

Happy Sunday, everyone!

- Adam

I have a ton on my plate today so I'm going to get right to the weekly update... lucky for me, it's an easy one.

The writing on the wall is about as clear as it can be... follow along and enjoy!

This was posted in last week's chat, and BOY is it worth reading! (  to @6ly410 )

My comments in purple below:

Iraq news now

A Kurdish bloc reveals the fact that Baghdad and Erbil are close to signing a comprehensive oil agreement

News source / Baghdad today

How is everyone?

Things are still cruising along nicely. In addition to everything else I could share, I decided to just pick one topic... OIL.

The HCL, or "Hydro Carbon Law", is a key element in Iraq's eventual ReValuation of their currency exchange rate.

In simple terms... when they finalize the agreement on how the profits will be shared, via the HCL, we are either past the RV date or it's a different kind of "soon", like immediately or tomorrow.

OIL was at $61.53 when I did my last update.

I stated then that we only really need OIL to be in the $40+ range for the logistics of the RV to work, so $61.53 was very encouraging.

Do you know where OIL is right now?

💥 BOOM!!! 💥

This stuff isn't rocket science, and you don't need me to explain the simple stuff... so let's move onto something more fun.

I'm going to share something I posted in our OSI section, in response to a news story regarding the Seychelles (Africa).

We have some amazing stuff in VIP/OSI, fyi! The resources we have are the cumulative results of over a decade of planning, networking, researching, extensive world travel, and more.

Our VIP group here IS the premier group to be in when the Dinar RVs... I've got a hundred stories about situations like these.

Anyway, a member shared a story and the street in the photo was very familiar... it brought me back to a special time:

======= my response below ========

I love that photo... it looks exactly like the street I was stranded on at around 8 AM in the morning on my first trip to the Seychelles.

I say "stranded" because I am an early riser, I was jetlagged, in dire need of coffee, and my hotel didn't have coffee available that morning when I was looking for it around 6AM.

It was an $800 per night hotel.

I wasn't too upset, because I figured I'd just go find a coffee shop and be closer to my destination and all would be good.

Turned out, none of the coffee shops in that little town open till 10AM.

!!!!!!

I was bedraggled, jetlagged, tired, in desperate need of coffee, and asking strangers where in the heck do I get some coffee, and one of the strangers I spoke to told me (again) that no coffee shops in Victoria, Seychelles, would be open until 10AM.

But he had an espresso machine in his office, and I could come with him.

My appreciation at that time could not have been greater, and I followed him up to his office. He made the most amazing espresso I've ever had in my life, and as my head cleared around 8:30AM our conversation drifted to our plans for the day.

Turns out, my 9 AM meeting, downtown Victoria Seychelles, was closer than I thought.

This angel who had given a stranger some much needed caffeine was actually the exact person I was meeting first that day.

Pure magic, if you ask me.

I bought a similar espresso machine when I returned home, and our business relationship also ended up being pure magic.

Some things are just meant to be, I guess.

======= / end of post =====

I'm serious - I have a hundred similar stories, where things just lined up in our favor and you can call it luck or whatever you want, but the fact of the matter is we have some amazing connections.

I can't tell you when the RV will be, but I can tell you exactly where you want to be when it happens...

https://dinarvets.com/forums/index.php?/store/category/1-vip-membership-packages/

I can't tell you when BTC will hit $100,000 either... but I told you when it was below $600 that it was a good investment.

I can only "tell" you things so many times... and I certainly don't want to try to convince you to do anything you don't want to do.

BTC is still a good investment, even at the current price of ~$50,000 per BTC.

The IQD is still one of my favorite "high potential" speculations.

And VIP is definitely where you want to be, now, before the crypto market explodes even more, and before the IQD RVs.

Choice is yours, of course!

That's all for now... happy Sunday, and 

GO RRRRRRVVVVV!!!!!

Before I continue, let me be clear - this is not a bad or negative update!

Life has kept me incredibly busy lately - some of my other businesses have taken fantastic turns and I've been flying all over the place. 

It's a great thing for my family and I, but it's really put a cramp on my mid-week updates. "Hump Day" just has too much else going on to give you all the attention and quality that you deserve.

So:

Until further notice, I'm going to suspend the "scheduled" chats and I'll probably start doing them on the weekends. 

This community means a great deal to me, and I know most of you know that. 

I have approximately 45 minutes right now to try to type something up, and although my notes are organized and I'm still 100% on the pulse of the dinar...

... I simply can't deliver a quality update in 45 minutes.

It PAINS me to think that I *could* get it done, because I don't want to give that kind of effort.

It's not in my nature to "half-ass" things. 

I thank you all in advance for understanding. This week's update may find it's way into this evening's schedule yet, but only if about 5 combinations of stars align. (That means it's not likely  )

For your peace of mind, know that every aspect of this website, all VIP notifications and processes, and all of my regularly scheduled duties with legal counsel, tax counsel, wealth management advisors, all of the amazing contacts that I have made over the last (it feels like) hundred years.... those are still in place.

I just have to find a way to make more time for other matters, and this "Wednesday Update" routine hasn't been working lately.

So, it's time to make a change. No big deal, really. I just need your patience while I work it out.

I'll be in touch with my update, and it won't be long, but it probably won't be today.

Thank you all again - go dinar, and 

GO RRRVVVV!!!!!!!

- Adam

P.S. At the moment, I'm leaning towards Saturday or Sunday, but I'll have to wing that one for a bit to see what fits best.

P.P.S. Don't forget the Weekly Powerball Pool!!!! Get in here.

I'm tagging this "Adam Montana Weekly", even though the updates are no longer weekly, just to keep them showing up in the same searches for your convenience.

Also, I don't have a lot to say... but I wanted to check in so you all didn't think I'm abandoning you! I'm just incredibly busy with some new projects in my life that have taken me away from the computer.

I'm very thankful for the reprieve from the computer screen, my eyes and my back have been screaming at me the last couple of years.

It was time for a change. 

With that said, I'm still in daily communications with all of my dinar contacts. I still get my usual briefings from the important people on dinar. And I'm still 100% ready to drop everything and give you all of my time when this RV happens.

The last time I touched on the price of OIL was quite a while ago - I was optimistic even though oil prices were only at $40ish.

Where are they today?

$61! Which happens to be above where we need them to be for a launch of the RV. I don't need to say more on that topic.

In GOI news, Iraq is muddling through the final stages of the Budget. We don't need the Budget to be complete before an RV, but a "happy agreement" between the Kurds and Baghdad will do a lot to grease the wheels.

You can keep up with the current Budget proceedings in this thread, where our tireless @yota691 has been keeping everyone up to date.

I know it can be a bit painful to try to decipher the articles, so I'll give you the elevator summary:

Things are going well. There is a current discussion on "raising the price of the dollar", which would be bad for Dinar, and the overall sentiment is that they publicly do NOT want to "raise the price of the dollar". (That's a good thing for us!) Part of the reason is due to the current favorable price of oil.

And, of course, none of that matters when the HCL goes through. It's been pretty quiet on the HCL front, which is part of why I've taken a break on posting.

When the HCL comes, we have an RV either already announced or just around the corner.

Until the HCL is done, we wait patiently.

Personally, I'm staying the course.

In other news... LGD made a pretty compelling argument in this thread for taking a serious look at Silver.

BTC (we discuss this a LOT in the VIP Crypto section) is experiencing one of the best buying opportunities we've seen in a while, and maybe the best we will ever see again.

While we've been waiting for the RV, many millions have been made in other areas... I encourage everyone to not tie all of their hopes and dreams to one windfall. I have no doubt that we will reap the dinar windfall, but why miss all the other opportunities while we are waiting on the RV? 

See you in VIP.  

Go Iraq... Go Dinar...

GO RRRVVV!!!!!!!!!

This has been a roller coaster of a week for so many sectors... I know some of you are here for "Just the Dinar News, sir.... just the dinar news".

I'll start with IQD. There is talk - and I'll leave it to you to research this, because I have 17 articles on my notepad that would really only cause confusion - but there is TALK that Iraq isn't able to use USD anymore.

Or they won't be able to, or they shouldn't, or whatever.

Listen, this is a fundamental issue, and anyone that's followed me for any amount of time should know that I am here because of the fundamentals.

If Iraq is currently unable to use USD (that's not entirely the case at the moment, but follow along) then they couldn't conduct auctions, they couldn't trade anywhere that uses the USD (that's everywhere), and they would basically fall into absolute poverty and die of malnutrition.

Does that sound like a serious possibility? 

Of course not... so let's get back to the fundamentals.

Iraq has a majority of the OIL in the world.

There's no way in heck that the WORLD will just pretend that oil isn't there.

There is NO WAY that they can't use their resources to "buy in" to anything they want.

So... what's with all this talk about Iraq not being able to use USD?

I'll answer.

It's an idle threat, but a promising one.

It means Iraq has one more reason to up their game, Iraq has yet another reason to RV, and the world has one more reason to accept the "NEW" rate, even if it surprises everyone.

Even if the analysts and the advisors and the bunches of panelists and "experts" say "OMG they shouldn't/can't/won't" do that!

It doesn't matter what those talking heads say.... it's going to happen when it happens, and we are ready and here!

On a side note... I hope you caught some of these crypto gains that many of us are rolling in!

Sorry this update was late - I've had a ton going on this week, some of which has been rolling my crypto profits into other deals and just having a blast doing it all.

Life is good, friends! See you in VIP  

CL