Leaderboard

Why I think this'll never happen on a weekend...and why I think most are wrong about the RV Let me start by stating that I've been invested invested in the IQD for 7 years. A long freaking time to say the least. I've seen a lot of heated discussions related to the RV amount, time, date, etc...Rumors flying all around forever, and some guru / team thinks they have the answers that we all eagerly crave so that we can be waiting in anticipation, ready to quit our jobs and with our shopping lists and tropical vacationing gear in hand. Many who are invested are just clinging to the thought of luxury for the rest of their lives, and because of that, they've got most of their attention focused on these guru's. Ready to purchase more dinar if needed, because after their first purchase they needed to cover the tax, so they purchased more, but then they realized, "hey, were so close, I have to buy more as what I first bought isn't "enough" anymore", so they stop paying rent and buy more dinar. Most don't even stop to realize what they're doing, or are so mesmerized with the envy of possibly being filthy rich, they don't either want to hear about how they may actually not become rich (denial) or stick to only the boards/discussions where it all coincides with their line of thinking (birds of a feather, flock together). This lack of understanding, or even common sense regarding this investment creates a difficult situation for those trying to reason with them, as rational thinking doesn't play a part. If you REALLY stop to think about it, and I've done my own math on this investment, we'll come out ahead. But not how people think. First off, people will be going crazy no matter what day of the week this thing RVs. In fact I believe the following detail is exactly why this won't end up going down over a weekend, nor the way most want it to... Let's say that certain people got paid on a Thursday, and some on a Monday. They RV on Friday, takes effect on the banks opening on Sunday. People to get paid on Monday are completely screwed, while those paid on a Thursday are now living in the lap of luxury, where the only difference is the day they get paid. I see civil war coming out of that. Shabibi is far too smart to do something like this to his own people. Kuwait's situation was different, as everyone still had their original (or most of it) money. Their system was already out there and functioning, they just temporarily disabled it because of Iraq's actions. I actually see the following happening in Iraq, as the CBI's MAIN CONCERN, is price stability: CBI takes all present notes, removes 3 0's, and does a RV to 2+ USD to 1 IQD. Those who say [in a whining, and childish voice], "but what about the the smaller notes or electronic accounts??". Simple. The same thing they do with the large notes. Move the decimal over 3 places. People actually think that the 3 0's have anything to do with what's physically on the notes? I don't think so. 25,000.00 becomes 25.00, 500 becomes 0.50. To those who say that it means the exchange rate only, again, look at the M2 numbers, and give me a somewhat coherent explanation, with actual math involved. I've done it many times over. It doesn't work. Unless you have supporting documents, stating, "but the gurus said that 80% of the IQD was purchased back!!" or "That's impossible, they'll piss everyone off. Nobody will invest in their country!!!", again, these arguments are just laughable. First off, the CBI does in fact post on their site the correct M2 numbers. We've never read a VALID article stating they've purchased back 80% of the IQD. This is pure speculation, imo, created by the pumpers to supercharge people into buying more. And please people, don't be naive enough to think that not everyone of the Dinar sellers isn't in on this pumping. It's their business. With regards to making everyone mad, I gotta say, you obviously don't invest in the stock market, or are literally an idiot. Ask anyone who's actually invested in something, and they'll tell you 300% is an excellent return to make. Most people HOPE for 7-10% / year. Even if after the RV, I average my return over the period I owned it, assuming $3, I've made 43% ROI / year. Pretty damn good if you ask me. So by doing it this way, it takes care of the problem of when citizens get paid. Now, how will Iraq begin to prosper? It's of my own opinion, that since Iraq needs to get its people out of the shitter, I see 1 of 2 things happening after the above takes place: 1...Everyone who's 18+ gets a certain amount of initial money based on family size. From this, there'll be a boost in the economy, people will be able to buy better food and clothing, as well as get a bit of a jump start to prosperity. Some will spend the money on complete crap, while others will start businesses in Iraq or have some in savings for their families. If you really, think for a minute about what's truly best for Iraq. This is. Not us, Not other nations. Not even making everyone Millionaires. Now, would I LIKE to become a millionaire, of course. That's just a stupid idea to doubt. Do I realistically see that happening with this investment? No. Do I think that a 200-300% ROI is good? Absolutely. Can you buy my dinar? Heck no. But many say, but hey! Iraq has an obligation to pay me this money! Oh really? Look how well that goes over with other countries whom we Americans owe money to. We print it and devalue our currency which they hold. The only reason Kuwait is getting paid is because it's a requirement to return to the WTO, etc. They're being forced into it. I'm sure that the CBI feel that a 300% ROI is more than enough to pay out and make everyone happy. And they get to keep their precious natural resources to resell. 2...They do nothing, and become largely, and mainly, a welfare state such as Saudi Arabia. Where it'll remain this way for probably at least a decade or more. And only the fittest become wealthy and prosper. Just because George Bush said, "Iraq's war will pay for itself" doesn't mean it'll happen. The fact that people actually buy that line and believe it obviously haven't been involved in politics for very long. Politicians lie, and/or get it wrong most of the time. They probably used the first Gulf War as an idea of what to expect with Iraq, and didn't envision it going on this long. It's kind of like when you saw Bush all happy, etc. that "Mission Accomplished" had been achieved. What was the accomplishment? The easy part was bombing the crap out of Iraq and taking it over. We're still in the midst of the Mission and the hard part. Mission Accomplished is when all of our soldiers are brought home and we get one iraqi CBI check for the cost of the war. Which in all honesty is probably going to be done thru selling us oil at a discount. And in closing, realize this is my opinion from being involved in this investment for a long period of time, and what really makes the most sense. I know many will take what I'm saying and deny it and try to argue against it, but just remember, it was the Greek Philosopher Democritus who said, "It is greed to do all the talking but not to want to listen at all.". He couldn't have been further from the truth. seus

Yesterday, I became so angry after seeing an episode of Pawn Stars - If you haven't seen it, it is a cool show. People bring in the oddest things and try to pawn them. Yesterday, this middle aged woman came in with a broach in the shape of a spider. The owner (star of the show) took care of her. He was amazed. It was an old Faberge piece, filled with diamonds, rubies. It was gorgeous. He asked what she wanted for it. She replied $2,000. The owner answered, I would like to pay you $2000, but I couldn't live with myself. He offerred her $15,000 - an honorable person to say the least. She was amazed, but then said something that floored me. Remember, she wanted $2,000. She said, "Well, if you are willing to give me $15,000, you would probably give me $17,000". The Pawn Star dude was flabbergasted. No, $15,000 was the price. She said okay, but showed no emotion or any thanks for not being ripped off of $13,000 without even knowing it. I found her totally disgusting. My point: Who are we? Right now, we do not know what this investment is going to bring us, but I am assuming it will be a return that will change our lives. Like in the movie, "The Candidate" Robert Redford (my look alike) wins the election and is now a senator. The movie ends with the line, "Now, what do we do." So, I wonder, are we like this woman that received a windfall from what she thought was a trinket and then tried to pay back kindness with greed, or will we really take our new found wealth and be a blessing to others. You may or may not believe in a higher power - but, when it is time for you to "shuffle off this mortal coil" - how will YOU feel about yourself. Will you be proud. Will there be a hole left in the world because you are gone, or will you be buried in a lonely crypt like Scrooge. Now, don't start calling me a pumper for "The Pawn Star" show. I believe the RV is our destiny. We will achieve the ultimate victory - but that victory will not be in the ledger book we keep of our accounts - the victory will be measured by the simple question. "Did we make a difference, change someone's life, nourish and sustain children.?" This could be so cool. Don't muck it up.

From another site : 24-February 11 Posted Today, 01:19 PM This is NOT Rumour.....I repeat this IS NOT Rumour !! THIS happened to ME!! Fellow Dinarians....I have some REALLY EXCITING NEWS to share with you!!!!! ....... this information is darn near as good as hearing it has RV'd......cause it might as well have....with what was said, to me, in person, because I know what I'm saying here is true as it was said directly to me. I need however to keep some of this information anoymous....in regards to what town & what Bank in Canada, in order to protect the Job of the person who divulged this information to me....as she probably told me more than she should have. Today ( Thursday April 21/11 ) I went to our local Branch Bank to purchase another Money Order to pay the final 90% On a Reserve for a Million Dinars we had placed a month ago. I live in a small town in Canada. The Teller said one moment please I need to have my Bank Manager authorize this. ( They had not done this with Our other orders ....at least not that high up ....when we asked for a money order for our final 90%'s ) Then the Bank Manager came out and said To me, when you are done......may I see you for a moment please? I wondered, what the heck.....and followed her into her private office with my knees knocking. LOL Then she proceeded to ask me, if by any chance we were purchasing Iraqi Dinar? I was so surprised I hesitated a bit, And didn't know what to say......she said....it's OK..........the reason I am asking is because I just received a Memo by Fax from Head Office today and it was stating to inform the staff to be on the lookout for anyone purchasing Foreign Currency, especially Iraqi Dinar. You see we have been told to offer to any of our Clients purchasing Dinar, Competitive rates and our Investment Services. We want you to know we will do our very best to meet or beat the dealer Rates on exchanging your Foreign Currency. We would like to have your business. So then I asked her if she knew when it is going to RV or the Rate? Of Course, I had to ask ( grin ) She said " she couldn't really say " Then she said she didn't know the rate and she couldn't give a date when the RV would happen and she'd deny that she said this, but Confidentially, it looks good for by the end of next week or sooner.....and then she Gave a WINK and a BIG smile to ME.I then took the opportunity to talk with her about the rumours we've heard, about problems with the Bank freezing our money for an extended period of time....she said, not necessarily,this is what will happen, the money will be deposited into your account and shown there..... our Policy is.... ....it may take a couple of days, up to 48 hours, to clear all funds because we don't have all that money in one bank, however you could get a few thousand, up to $10,000.00 cash immediately. She told me that we would be looked after by their main branch in the larger city near us, in regards to Investment Counseling. So then I shared with her that my hubby and I were going to hire a good Tax Attorney and set up an LLC.......she said.....Excellent.....and indeed do that 1st, then open your Corporate Account, all before you cash in your Dinar. So she was really into chatting with me and building a rapport with me..... to encourage me to keep our business. Needless to say I had to peel myself off the ceiling when I got home. We felt like it had pretty much RV'd already.... receiving this kind of confirmation.....and confirmation is what is was, cause.... After all.....this was a small town Bank who took note of us buying Dinar.... and approached us. She said when she saw "Sterling Currency Group" she knew we were buying currency and suspected it would be Dinar, right away. So if this little Bank knows because Head Office told them today....then ALL the Canadian Banks must know too... HOW GREAT IS THAT!!! OUR VERY OWN CANADIAN INTEL up front and personal ........if our Canadian Banks now know....then it's out all over the World!! This isn't info some stranger said and maybe made up....this is real Intel that happened to ME!! Man, we ( my hubby and I ) are over the moon........ This is goin down....and soon!! A very excited.....Canadian Dinarian 0

Posted Today, 04:05 AM Relative who works at B of A Headquarters just sent me this: "Upcoming multi-currency enhancements will expand asset based lending global capabilities." He said this is a huge depature from any lending notifications from the past. They are getting ready! GO R V !

[doonie] Hello again, Doonie here.....Sorry for the delay but I promised I would be back around noon est with more confirmed intel...I have been on the phone with Nassar Behemmi in Kuwait. He is a top adviser to the Sheik of Kuwait. He and I became friends back in 2003 on my first visit in country. Since then we have had many conversations concerning contracts that involve Kuwaitie counterparts in Iraq and the U.S. As I always do, I always bring up the Revaluation of the IQD in relations to the KD. Here is is comments that he spoke directly to me : Misrir Doonie, tho I may be privlidge to this information as far as completed value of currency, it is by virtue that our neighbors be rewarded quickly to the monetary system of their country. With this I say our friend [doonie] There was other things he said that really didnt mean anything to me.but I just may not understand his lingo very well either... [doonie] This is only my words on it so here it is : I think he was bound by nature of his position to all out tell me the RV has occured or is about to be released but what I got out of the conversation is to prepare for and this was his words " great things to occur"....quickly

IMO, either this guy is the most magnificent liar in the world, or his intel is absolutely amazing. There is no in-between. I'm hoping it's the latter, but I'll let you decide ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- {Longfellow} Just off with Iraq. IMF said no to lower RV rate for several reasons, but biggest is fear of massive runs on the currency if the world feels it is under valued. Maliki's time is up and they are working to get him gone. Can't reveal to much but it will be interesting to see how fast they can get him out and back on track and RV. Things are moving very quickly should be a very interesting time next week. Go Big or Go Home, Go RV! {Robdel7}How credible is your intel? Im not doubting you but I sure want something solid. Did IMF say the original rv is still in the plans or do they need mailiki gone first? Thanks for your intel. Hope you dont mind my need of some real no bs info as this whole dinar world is full of liars! {Longfellow} My intel is solid but I guess we all say that. But I will say that they have been dead on about everything and I trust them completely. IMF is anxious to go if GOI is fully seated. That might mean that Maliki has to go. Trust me I understand your need for credible intel. That's the only reason I am posting is I was just like you and alot of others in that I was frustrated that we never seemed to get straight info. I can promise I won't be posting anything but what my sources know to be true. I have alot more intel I hold back because we aren't 100% on. Once I get confirmation it's real I will put it out unless I feel it could hurt my sources.

This is 100% true - our bank manager at 5/3 here in Illinois Chicago area said the same thing but...went on to say I'll probably see you very soon and call ahead for an appointment if you have a substantial amount of dinar to cash-in so we can order the cash to cover your account. This was reconfirmed from the meeting we just had with our bank representative outside of her office. She was very excited that we could possibly cash-in with her branch! Now that, my fellow dinarheads, is outstanding news. I am going to go "shank me a shot" of Irish whiskey! Great post for validation as last week everyone thought I was full of Sh-t when I posted basically the same thing. Now all you negs can BIOYAzz! Happy Easter and pass the boosze!

As of today 5/3 will no longer sell IQD....My wife is a branch manager an got an email this morning stating no more IQD sales.......

Okie Oil Man Post: Planet Dinar 4/22/11 April 22nd, 2011 12:35 pm · Posted in RUMORS (Dinar Revaluation) 10:49 AM PDT [OKIE_OIL_MAN] SOMETIMES POST’S ARE EITHER HARD TO COMPILE OR HARD TO COMPREHEND–THIS MAY BE 1 OF THEM–I HAVE STARTED A NEW APPROACH TO POSTING THAT ONLY ENCOMPASSES SOUND BITES OF HARD FACTS AND ON A INDIVIDUAL STAND ALONE STATEMENT. FACTS–NOT RUMORS–YOU NEED TO READ MY POSTS ON A DAILY BASIS BECAUSE EACH SUCCESSIVE POSTS ONLY COMPLIMENTS OR IS RELATED TO PREVIOUS POSTS (COMPARE THEM). THE IMF IS TODAY DETERMINING THE RATE OF THE DINAR. SHABIBI WANTED HIGHER RATE. USA GOV IS BEING PRESSURED BY CHINA AND JAPAN AND BRITAIN TO EXERT IMMEDIATE PRESSURE ON THE GOI–THE CBI–AND THE IMF (ALTHOUGH IMF ANSWERS TO NO COUNTRY) TO EXPEDITE THE R/V. IMF WANTS THIS EXPEDITED ALSO BECAUSE OF THE IMPLICATIONS ON OTHER CURRENCIES R/VING. THE WORD IMMINENT AND SOON AND CLOSE HAS BEEN USED TO DEATH REGARDING THE R/V –BUT HAS NEVER BEEN AS APPROPRIATE AS IT PRESENTLY IS. DATE AND RATE?–AT ANY MOMENT THE R/V CAN OCCUR–RATE–APPEARS TO BE AN INITIAL R I AND THEN LATER AN R/V. THE PRESSURE ON IRAQ IS TREMENDOUS BECAUSE OF HAVING AN EXTREME CURRENCY SHORTAGE AND THE ISSUE MUST BE ADDRESSED AND ADDRESSED NOW. TIME IS NOW IRAQ’S ENEMY. THERE ARE NOTHING MORE TO BE DONE BY THE CONTROLLING ENTITY (IMF) BUT REVALUE. THE TIME IS NOW. OH YEAH—NUFF SAID–PERIOD! LETS ALL PUT OUR THINKING CAP’S ON JUST A MINUTE AND CONSIDER POSSIBILITIES—HYPOTHETICAL SITUATIONS–IF RATE COMES OUT LOWER THAN YOU EXPECT–CONSIDER CASHING OUT A LITTLE NOW AND MONITOR WHETHER THE RATE ESCALATES THEN CASH OUT MORE.–IF RATE COMES OUT AT OR WHERE YOUR COMFORTABLE AND YOU DON’T WANT TO RISK ANY FURTHER SPECULATION THEN CASH OUT ALL. BUT–CONSIDER THE POTENTIAL OF VALUE INCREASING OVER A PERIOD OF TIME BECAUSE OF FUTURE ASSETS OF IRAQ WOULD TRANSLATE INTO A HIGHER RATE THAN INITIALLY PRESENTED HERE’S ANOTHER OPTION THAT SOME MAY WANT TO CONSIDER—GO TO A LARGE BANK THAT HANDLES FOREIGN CURRENCY AND OPEN A FOREIGN CURRENCY ACCOUNT DESIGNATED IN WHATEVER (DINAR) CURRENCY AND LEAVE IT THERE AND RECEIVE THE POSSIBLE ESCALATION OF THE RATE OF THAT PARTICULAR CURRENCY.—

Shabibi on youtube in DC. http://www.youtube.com/view_play_list?p=668F4FE1E0D58A02

Many people have been WAY mislead with the whole LOP, re-denomination talk. Just listen to this chat to get a more clear angle on whats going on from those that know....... http://www.youtube.com/ (Put DD in after the forward slash as a full one word)

Wait, wait, wait. So you mean to tell me that for the last 8 years, 5/3 has been selling Dinar because they think people are going to Iraq as tourists and want spending money? Please.

Is there any worthwhile purpose served by not only disagreeing with someone, but then calling them names? I don't care how smart you may be, but calling someone an idiot is grossly disrespectful, and actually makes me less likely to read the rest of your pst. Bottom line: if you want well educated people to take you seriously, stop with the disrespect.

Tony from XXX – We have infact verified that there was a broadcast on TV last night explaining to the Iraq people how their new money will work and that it’s value will be strong. Would a Government Official come on live tv and broadcast to the entire country (telling them about their new monitary system) something that has not already been signed, voted on and approved. Maliki signed it several days ago, parliment voted on it yesterday and it was approved or you would not know about it today.

I love how you came over here and spent $1.5 trillion you DONT have, not to mention countless lives. All so we, the CBI and GOI, can screw our people and rid ourselves of really scary zeros. We chose this route because we can't "pay up", even though the oversea "investors" are surely a small drop in the bucket compared to the big wigs of large corporations and countries. Small time they are. So it's very clear we're going to redenominate without revaluing our currency... but be quiet, it's a secret! Don't tell anyone! We want to surprise everyone because that's what we do - nonsense actions. It should come as no surprise that we took months to create our 2011 budget simply because we had a hard time counting all those dang zeros! That and we were "planning" on how exactly the numbers would look without three zeros. It's quite a difficult vision if you think about it. We brought in high level US officials to help us with the counting. They too were perplexed with how difficult it was to remove three zeros from all the numbers. Weeks went by, months went by, and then FINALLY, we had a budget. It's all good though because we're going to be #1 in the world. Yup, we're going to pretend we're rich, even though our citizens cant even buy food, much less computers, iPhones, iPads, and everything else i. We did, however, consider slightly increasing the exchange rate so the average Iraqi can make $4/hr, but then we decided against it because we're rotten and we like them poor! After all, we're Iraq and we do things a bit different here. That about sums it up... so I'm going to go now, so I can cuddle up with my redenominated notes... they remind me of yesteryear and bring back fond memories. They give me an awesome sense of patriotism... makes me really love my country. Plus I can use my phalanges to count them again! So excited!

No, Umbertino - it's TRUE!!! The enhancements apparently will include soy-based ink and aroma-currency; you get to inhale the new "eau de Dinar" or "Shabibi-berry" scents and feel better!! How kewl is that?!? Peace Out, all PS: Thanks for sharing the BofA memo above, Smug.

Oh For Heavens sake!! It will happen when it happens

although it is my favorite holiday, halloween isn't any more of a pagan holiday than christmas or easter.

Well if it doesn't RV on Easter,,,I would like to see it happen on the day the Pygmies celebrate the fertility of the Jungle Lizards or commonly known as ( Green Sperm Day ) and that day is always celebrated on the 1st Tuesday of May.. and we all know that day is coming... Go Rv God Bless America

I have read many of the 'bank rumors' today and on previous occassions. The difference I notice this time is it seems to be affecting all banks, and in all regions. But the question it raises in my mind is this: Why is only the Dinar being stopped? They are still selling other currencies. Especially since it is legal for us to purchase the 'dinar'. Why would the bank care if we are making a trip to Iraq or not??? And to what business is it of theirs what we do with the 'dinar'. If i want to buy it and wallpaper my office, why would they be concerned??? A point to watch is, if and when all Dealers stop selling. Would this not be a signal of the RV forthcoming.

* April 22nd, 2011 02:58 pm · Rebuttal to Ennorste Seems a post of mine made it to Ennorste and his rebuttal was posted on another site’s site. I have since send DD a rebuttal of my own, however I am not expecting it to be posted as it is still in disagreement with Ennorste’s statements of the reduction of 000 notes. Below is the email that I sent to DD on this subject: DD, I noticed that Ennorste completely by-passed answering the question put towards him. Ennorste’s statements claim that the CBI has been removing the 000 notes from circulation over a period of time and adding them to the ‘electronic’ dinar. However simply looking at the CBI financials, available at: http://www.cbi.iq/documents/key%20financial.xls , anyone can see that his claims are not supported by their financial data – which is current to February 2011. “Currency Outside Banks” and that which is located in the bank vaults IS NOT ‘electronic’ dinar. That 24+ trillion dinar figure is the physical currency that has been issued by the CBI and is circulating in the hands of the Iraqi people and ourselves. When added to the cash in bank vaults, this figure is what represents the 27+ trillion dinar being referenced, which is a direct contradiction of his statements of a huge reduction in physical currency by removal of 000 notes. This is also supported by the LOI that was recently sent to the IMF on page 20, Table 5 (“currency issued”). All that has been requested of Ennorste is something other than translated ‘arabish’ articles, which are constantly contradicted by other articles and subject to biased interpretation, to substantiate what he keeps claiming as a fact. If it’s a fact, then show the evidence of such – it’s a simple solution to end the debates of the figures. IMO, he is simply trying to avoid answering the question by insinuating that a person has to have a degree in economics to understand the figures in an Excel file. IMO, it is a thinly veiled excuse for not answering the reason for the contradiction between his statements and what anyone can see for themselves on the CBI website or in the LOI. Regards, HopefulTxn

First off, I found this on another site and thought I'd share some food for thought. And an interesting perspective. If this has already been posted, sorry, I must have missed it. Suppose, just for a moment, that our struggles here are not against flesh and blood, but are a reflection of a higher struggle against the rulers, against the authorities, against the powers of this dark world and against the spiritual forces of evil in the heavenly realms. Suppose, just for a moment that God is about to demonstrate, once again, his absolute power, authority and love for his people and his nations, triumphing over the forces of evil and making a public spectacle of them. If he is about to lead us in triumphal procession in a great victory over a higher destructive evil which will lead to great spiritual and worldly blessing in the resurrection of our planet’s monetary system, the resurrection of many nations, the resurrection of hope, and even the resurrection of his peoples; what day would most demonstrate His authority, His control, His power to resurrect? What immediate holy day would be most spiritually meaningful and packed with significance to demonstrate the triumph of God over evil? On what day would an rv cause us to sit back in awe and realize that there is something higher and more significant going on? What day would point us to God?

A note to Longfellow: I was one of few people here who said from your first post that you sounded credible and that I believed you. I don't believe many things that can be construed as rumors. The day after Dr Shabibi was in D.C. you posted that he was in Switzerland. I could not then, and still can find no evidence that this meeting in Switzerland occured. Sorry, your credibility with me no longer exists. I would love to believe you, unfortunately I think you are probably just another guru wannabe.

ok This is in the rumor section because its what I was told. But if yoiu notice its ALL banks that used to sell dinar has stoped. I was told that it is because forex sent a letter to all the banks HQ to stop the sells. its not just one banks choice, its a demand from the top! now this is interesting if you ask me.

You know, pretty much everybody on this forum trashes Okie, and I understand he's been saying the same stuff for years..."it's done, it's here, this Tuesday, this Friday, at midnight, etc...." but jeez, people, you still post him and you still read his posts and then you still trash him. It's pathetic. If you don't like Okie, don't read him, don't post him and don't whine over his posts being wrong all the time - because you KNOW he's been saying the same stuff since forever. Bash away at me, if you must, but man, it's tiresome hearing the same bashing about the same people. Hey! I know! Now you can bash me....I give no intel, I have no predictions...I'm just an investor in Dinar and welcome ANY info available, whether I don't know if it's legit or not. And I'm tired of all the meaness in all these forums, but I'm still needing the info, so, here I am. If you don't have anything nice or productive to say, why don't you just move on. I usually do but dang, Okie gets beat up here ALL the time and he still gets posted...what gives? Off the soap box I go....bash away, can't hurt my feelings...

OK RV will be on a tuesday or a wednesday. Nothing to do with when people get paid but how the CBI monitor the global reaction to it. On Your proposed LOP. Why would they bother at all? They could achieve the same simply by changing the existing 1170 exchange rate. The key part you seem to totally miss is the the fact that this brand new country, starting down this brand new democratic road would be bigining its life with fradulent bank notes representing it's brand new status in the business world. A 25,000 IQD note is a memorial to a contract between the owner and the government of Iraq not to mention the bank. If the CBI just arbitarily changed its value by moving the decimal point, three places to the left then they have just committed international fraud as their is no provision for that in this contract, full disclosere has not been given. The government backing such a move would be in dishonour and have no credability. Every bank on planet earth would be forced to reveal to any one entering with an IQD note was not worth the vaulue printed on it and as such was fraudulent (AS ARE ALL FIAT NOTES BY THE WAY) Do you really think the global banking industy the IMF etc want to do that? The plan is to raise the currency Their intention is to have the world embrace this currency, not shun it as a lop would do. It will be a redenomination in much the same fashion as in venezula My link pdf document and ho the value is more likly to be 30 cents than 3 dollars

The arrogance on this board is stifling sometimes. Some of us seem to think that the RV is all about us. The dinar is not about us! The people that influence the value of the dinar don't care about us one whit (and they shouldn't). When (and if) the dinar ever RVs it will be at a time and place that makes the most sense to Iraq. And considering Iraq is a predominantly muslim nation, somehow I don't think the observance of a christian holiday is going to influence the RV at all. Just a hunch.

PREDICTING THE FUTURE When asked what is wrong with the world today, a recent Nobel Laureate, after considering the question for a moment responded, “Man simply doesn’t think.” With this in mind I’ve, by and large, left the Dinar blogs and internet sites alone for the last ten days. Checking them occasionally for no more than an hour or so, saying “hi” to my online friends, and looking in on my favorite community here at Dinar Vets. I wanted to research and think, over and above the hundreds of hours I’ve already put into this speculative investment, about what is likely to transpire as it pertains to the IQD. Along the way, in the course of my reading I’ve posted only a few factual pieces – Transcript of Shabibi’s answer to the revaluation and redenomination of the IQD; and a reply post on the second IMF Iraq Country Report (along with few news articles). Though I hold several license for the sell and service of many types of investments, and I have done studies and completed designation enhanced test for U.S. and international trade. I didn’t feel like I was qualified to accurately predict what was next for war torn Iraq. Let’s face it, just because you might understand the inverse relationship of corporate and municipal bonds or the Beta test on like investments, it doesn’t make you proficient in understanding the revaluation of an emerging middle eastern democracy. It may give you some background vocabulary – you can understand the big words and do the math – but because you don’t have the closed door IMF notes and Federal Reserve minutes you feel like there are about a million missing pieces. I wanted to find a few of those missing pieces. My one criteria in doing this was, “Read nothing from the online Gurus.” I believe these are well meaning intelligent people. Because of their effort and countless hours of hard work we know more about the IQD and what’s going on in pre and post democratic Iraqi. By and large, it’s a good group and I appreciate them very much. They should be thanked, not criticized. So please don’t take my journey down this road as a criticism of their good work. It’s not. But almost all, without exception say, “Do your own research.” That’s my ongoing attempt. It’s easier said than done. Unlike other types of securities there is no prospectus to review. Unlike other types of Real Property there are no disclosures to initial. Currency issues seem to have the fewest regulations for those who issue and sell them (Central Banks/Trading houses) with the most severe penalties for those who use them (Us – We the people). Of course, when I say Gurus, I don’t include the Rumor Mill Boys (there are a few noteworthy ladies in there too) in anywhere near the same category as those mentioned above. The Rumor Mill Boys are definitely for “entertainment purposes only.” They generate sales of IQD and other products, along with website hits for advertising; which of course, generates income. Even the bad news “newbies” (you know these guys, they’ve been on the site for about a day, and always tell you why IQD is a scam or why it’s not going to revalue and what a fool you are for having bought it) generates additional website hits and increase the trade of IQD – normally a sale back to the IQD dealer will generate $200 to $400 of revenue. (The IQD is pegged to the dollar at $1,170 IQD – it’s been that way since it was taken off a dirty float and put on a Central Bank auction. It’s as good and steady as the USD. A licensed trader can either resell or, if their reserves are too high, exchange IQD to the original bank – either way, the transaction equals profit –for those of you who wondered about it; now you know). In the interest of full disclosure; I once posted a bank/Monday rumor that I had heard from a trusted friend – when it didn’t come to fruition I posted an apology the very next morning . If you click on my post you can find both. Anyway, some of these guys are “outright liars” (sorry, I’m polite but I couldn’t think of a more accurate word), and some are well meaning, but those in this category take their own speculation, pass it among themselves a time or two and before you know it, it becomes true (to them). Then they get on a conference call and share their “truth” with anyone who will listen. This is called “Myth Creation”. And it’s amazing how long some of these myths will linger and last. Try and recall some of these – “Shabibi is in Switzerland”, “They are cashing in at a bank in Jordan”, “The ATM machines have been activated and loaded” (at the time this one was really funny – no electricity, but all over the country they are using ATM machines), “America, Ships at Sea, NUFF SAID” (I love Oakie), “Kuwaiti citizens can exchange their IQD,” and almost any and everything “said by the G.E.T. team” is questionable - and the list goes on and on… Some even spend a great deal of time praying before they pass on “the new myth.” I guess if you pray before hand, then any and everything that comes after is the truth. Not… But, I don’t want you to misunderstand me. I believe the Myth creators serve a valuable purpose above and beyond the profit they generate for traders, or the constant, week after week, false hope they pass along; they also create a sense of community, a following of like minded people who feel accepted within an extended family structure. For many (myself included) this is important. Heck, in the writing of this post I have received two phone calls from excited friends telling me Rumors about Shabibi back in Switzerland and the Parliament voting on security ministers, etc. all passed on from something they heard or read online “Boots on the ground”: CONFIRMED! Yea, right (a little laugh-I hope, could it be true?) – but I answer the calls and enjoy the visit on the phone with my friends and their (temporary) excitement in the supposed new developments. So, to be clear, I believe there is a place in our Dinar community for these online Myth creators. Just don’t invest any money because of what they pass on. Some of what I’ve learned: Predicting the Future! When it comes to the revaluation of an emerging nation’s currency (especially a middle eastern experiment in democracy) there are few if any experts. None to be exact; and especially not me. So let me begin by saying that like many of you I still hold out a reasonable hope that the amount of IQD I hold is, in essence, a winning lottery ticket. Who wouldn’t want a life changing event? So go RV!!! But after everything I’ve learned, I no longer think so. And believe me when I say, in this, I hope that I’m wrong. However, that is not to say that the IQD isn’t a good, if not great investment. If you do the math, CBI reserves ($50 Billion USD – with a projected 18% increase by end of 2011 to $59 Billion – you can find this on the CBI website: In Country Report) with the amount of currency in circulation ($30 Trillion IQD) minus their liabilities, plus approx $22 Billion in protected funds (Sorry, I just couldn’t find the $1 trillion that some have bantered about), you will come up with an IQD rate of about $.01 = $1 IQD. This does not count any GDP or future production. That’s a penny per IQD, which is ten times the present exchange rate. In other words your approx. $1,000 investment should be worth about $10,000. I said, “Should be.” At this time, because of the daily auctions, our IQD is still equal to about a tenth of a penny. I have discovered in the course of my investigation that a extremely low exchange rate, whether it’s in an established or emerging nation, is used to encourage growth and new business. Some examples of this are China and South Korea (#2 and #6 world economies). The future good news for us - Seldom is this used when you are a net exporter of Raw materials in an established nation. You see the lowered currency is actually a additional tax (like inflation) on the citizens – they are in effect financing the building of their economy on the backs of the citizens. The IQD was taken off a dirty float and put on a daily auction by the CBI to control inflation and build foreign reserves. For the time being, it’s their only tool for doing this – but that’s about to change – with the emergence of an actual productive banking system. (The CBI hasn’t had to cover bank “overdrafts” for about a year and they don’t project any into the future – a few audits only go up to 2008, but most are current). As you probably already know, all fiat money is debt. (this is different from “Hard” currency – gold, silver, copper, commodities/oil). All the money created by a Central Bank is debt (whether that is the U.S., London, Iraq, or you name the central bank and the country). If there were no debt there would be no money. Thus at the present exchange rate and the CBIs reserve ratio they could have $300 Trillion in IQD (not $30 Trillion at present) – but Iraq also has hard currency – oil… and a lot of it – with recent finds they are number two in the world behind Saudi Arabia (which in the last year has had to reduce their estimates by about 40%). That means, that once established (it cracks me up – they pump 2.35 mbd and export 1.85 mbd and they are not established - I guess they actually mean “more established”) not all their money will necessarily be debt. Take Kuwait or Bahrain as examples – both have tremendously high currencies, and neither produce anything but oil. Why are their currencies so high? Because oil is like a “hard currency” – also because they don’t import raw materials, subject them to a manufacturing process, and then export them (ie, South Korea – China – who have low valued currencies). (For the purposes of this post I won’t go into the agriculture, water, manufacturing, etc. that Iraq has that other countries don’t possess – this helps, but is not as significant for currency valuation as oil) Why do I believe that Iraq will have a tradable currency? That’s simply, every country that surrounds Iraq (including Iran) has a tradable currency. The only question is when. I’ve heard many say that by being accepted into the WTO they have to have a tradable currency. (Vietnam does not have a tradable currency but is a member through the Asian Union thus a member of the WTO) I couldn’t find that anywhere (that you have to have a tradable currency), not even on the WTO website. But they do have to have at least one trading partner, so other countries will have in place established trading parameters to work with and adapt. They also have to have laws on their books that protect international trades – this appears to have been completed. Because of this, I think the two may go hand in hand – trading partner/tradable currency. But it does not appear to be a hard/fast rule. Is the government of Iraq formed? Yes. The President of the U.S. and a dozen major publications say so. They have passed a budget. They are paying their bills. Though never with 100% attendance Iraq’s parliament meets, committees are formed, measures are voted on and passed (many don’t attend because their personal weapons are not allowed in parliament). This sounds like a government to me. Must Iraq have a Security Minister? It’s in their constitution. It’s like a cabinet position – Secretary of Defense – control of the Army and security of the nation. So far Maliki has kept this for himself. Without judging him, especially with a new democracy, and after Iraq’s history of dictatorship, war, violence, huge sectarian issues, he probably has his reasons. But after listening to Shabibi on April 19th, as far as our investment goes, this seems to be very important. He said, “Security” – not a Security Minister – but maybe, to Shabibi they are one in the same. But isn’t Iraq like Kuwait when they R/I their currency? Nope. They have a few things in common, but not as it pertains to the IQD. Kuwait exchanged their currency first – much of their pre-war currency was in the wrong hands (Saddam and other bad guys) and counterfeiting was also an issue. It (Kuwaiti Dinar) took a big market hit during the war. They already had an established government which simply resumed their duties. They did not have a period of high inflation prior to the exchange or reinstatement. They simply picked up where they left off; and true, many speculators made a tremendous amount of money when they did. (the fun news is if Iraq does like Kuwait they will RV/increase in value many times after they become a tradable currency) – In contrast, Iraq is a new nation with a new government – they are laying the foundation, the cornerstone to their future as they go. They had rampant inflation in the eighties and again from 2003 – 2006. What’s worse, they had Paul Brenner, Haliburton, KBR, and a dozen other corporations over there raping them, dismantling manufacturing and security for years after Saddam was gone. Maybe they (the US and corporations) had to do this in order to give Iraq a new start, maybe not. Based on history and empirical evidence – The U.S. was attacked by a terrorist living in Pakistan – so logically we attack Iraq and secured the oil. It’s that easy. No WMDs, no mission accomplished, no democracy building… it was the oil (and the petro-dollars that go with that). There was never a governmental decree to add three zeros to their (Iraq’s) currency. They just did because of the terrible inflation. Now we’ve got everyone weighing in on what it means to “drop three zeros” off the Iraqi currency. Some excellent research has been done on this – some very interesting arguments. (see -http://www.reconversionbcv.org.ve/englishversion/pdf/fundamentalscurrencyredenomination.pdf - the redenomination of the Venezuela currency) In the online community there has been LOP vs. changing the .00086 to .86 (fraction change) going back and forth; the “LOP vs. raise” groups. If you want to get a multitude of “red button negative votes” all you have to do is advocate the LOP argument. I will tell you what I’ve found in researching the redenomination of a currency. Because I still hold out hope, and mostly because of the oil, I’m praying for the fractional people to be right. (Who wouldn’t?) But, I have never found an instance of this. EVER! Both seem to go hand in hand, but the way it works historically is – the currency is reissued minus the allocated extra zeros (I’ve found anywhere from one to ten zeros removed) and the exchange rate decimal point automatically moves to the left because of the deletion of the zeros. Not the other way around. Please understand, I’m open to the “raise group” because I want the raise group to win – so if you can show me a country that did it this way, please post the link below!!! But I just don’t see it happening. All other argument is speculation. The only way to predict the future is by what happened in the past and what is happening now. But on a final note, I will give the “raise” people (my brothers and sisters) this – “No country like Iraq has ever happened before. A MIDDLE EASTERN SECTERIAN DEMOCRACY THAT IS OIL RICH! If they don’t go the way of Iran who knows what they can eventually accomplish. Now for the Predictions – (Why not? I can guess as good as anybody) 1. All the turmoil in the other middle eastern countries will work to Iraq’s advantage – in a few short years they will be the wealthiest and most powerful among all the emerging democracies. 2. Prior to June 1st 2011 Iraq will redenominated their currency, with a value on par with the USD – based on how they do it (like Turkey? Maybe…) We can exchange our IQD then or hold for a period of days before exchanging – some may trade in or sell their currencies – the real money on this will be made over the next three to five years with subsequent RVs and increases in value against the USD. 3. The IQD will be added to the Forex and traded along the same lines as the Kuwaiti Dinar within a short period of time after redenomination. 4. By December 31st Iraq will revalue their currency to $3.22 or higher (this may also happen at or close to the same time as they redenominated – keep in mind that Iraq does get complete control of their oil without restrictions on July 1st, 2011) 5. U.S. troops will remain in Iraq for a very long time (we are not going to give up those bases in Iraq – hey folks, we still have bases in Germany, France, and England – WWII has been over with for 66 years – and the cold war has been over since the Soviet Collapse in 1989 – by the way, what expert saw the Soviet Collapse coming?) 6. The new IQD will be added to a basket of currencies for the SDRs of the IMF 7. And here is the crazy conspiracy prediction for those that like that sort of thing – by 2013 the USD will quit being the world’s reserve currency, being replaced by the IMFs SDRs. True, the US has veto power at the IMF and World Bank – but don’t forget, they are (IMF –WORLD BANK) US inventions – and it seems a New Bretton Woods agreement was just passed, with little or no fanfare from our major medias. 8. Most, if not all, IQD that is cashed in will be with Banks or the Forex. I don’t envision People trying to make the effort to go to a IQD trader when a local bank will be cheaper and more convenient. (assuming the zeros are removed). Or if you prefer – 1. The IQD will revalue thus causing us all to become extremely wealthy – this will happen on April 27th (you pick the year) – with a rate of (you fill in the number). – Come on, Go RV!!! - All my very best to all of you!!! Let the bashing begin!!! Disclaimer: I bought IQD, I DO NOT sell IQD, do not by IQD because of this post.

Great job Seus. Couldn't have been explained much more clearly. Unfortunately, similar explanations have been posted numerous times in the past, and most people will continue to see only what they want to see. The gurus and pumpers can be wrong every day for years and many will still rush to hear what they will say tomorrow. Delusion and greed have been major factors in human nature from the beginning of time, and virtually ALWAYS trump reality and reason. Only time will tell the future of Iraq and the Dinar, but I suspect that your analysis, like many others like it, is right on the money. Until the pumpers are silenced and the dealers and websites shut down, the drama will continue. Keep up the good work.

Thanks for the post seus. It was all common sense thinking and I agree with most of it. I mean everyone wants to dream of a big score and there is nothing wrong with that unless your spending money on IQD that you don't have. IMO a double or triple on my money would be great...More than that ??? Better!!!

Cowboy at the Pearly Gates! A cowboy appeared before St Peter at the Pearly Gates. 'Have you ever done anything of particular merit?' St. Peter asked. 'Well, I can think of one thing,' the cowboy offered. 'On a trip to the Black Hills out in South Dakota , I came upon a gang of bikers who were threatening a young woman. I directed them to leave her alone, but they wouldn't listen. So, I approached the largest and most tattooed biker and smacked him in the face, kicked his bike over, ripped out his nose ring, and threw it on the ground. I yelled, 'Now, back off or I'll kick the S--- out of all of you!' St. Peter was impressed, 'When did this happen?' 'Couple of minutes ago.'

..aint gotta be a d*ck about it...

I have not posted much recently and I usually just read, consume, and determine what is happening. You know what is really interesting is that this is in the "Rumors" section.. why would you consider the above intel? I'm finally posting a rant about how most people on this site criticize so many others who actually have the gutts to post something whether it be a rumor or actual intel (that they believe is to be true). It's really riduculus how people react to all this. The negativity is outrageous... this is suppose to be a positive investment; creating new wealth, new life style, and posterity for all of us.. why put down people that you don't even know because they have an opinion? Let it be... let it go...Let them have their say. If you really don't agree, then counter with a positive rebuttal and/or get into a honest and down to earth discussion about it with them, not with all the other members. I realize some of these quotes come from other sites and are way out there. If so, why even respond? They may not ever see it.. And, why hide behind a different site when responding with such criticism and negativity??? Some of you are acting like a bunch kids responding imaturely to someone that you know will probably never see your response... so grow up and be responsible. I will gladly respond to anyone one on one... This whole thing about world economic change and with all the countries planning to RV and our Iraq investment is purely a world chess game between the countries of the world and those families that control the banks. The pieces of the game are the poor, middle class, and rich.. very simple. We, as investors, are not even the pawns of the game. We have no bearing on the outcome of this change for Iraq or any other change worldwide. So, be cool and just wait for things to happen. I believe as many others have said, we are very close. I have been a dinar investor for over two years so I have not experienced the long patience as some have had for over 7 years but I do know we're closer than I've seen in the past two years. As many others have said, don't listen to the Iraqi news, so called gurus, and any others who claim to know something... Use simple common sense and logic. Don't pay attention of what is said but what is being physically done. I've heard this so many times that I'd probably be richer if I'd bet a dollar each time I heard it than my investment in the dinar... ( just kidding.) Cheers and God be with those who believe! -B

I called 5/3 bank in Atlanta at 4:15pm and my contact at the bank told me they no longer selling IQD. She read me the email. I do not post false info and in Murrysville Pa. 5/3 have stopped also. Glad to be a part of the blessing, have a great weekend and Happy Easter for He has risen.

Who's mocking God? Clearly, people are mocking those that find a way to attach God to a speculative bet involving the Iraqi Dinar. I can say with 100% certainty that God had nothing to do with me purchasing Dinar. Nor will he have anything to do with any profit I might make from this 'investment'. I can also say that God will not be responsible, in any way, for any money I may lose should this thing go south.

I have to laugh. I read all the nasty retorts and I think. Would any of you people have the courage to respond as nasty as you do if you were facing the person? That is what blogs do. They make cowards into macho men/women.

This is long but interesting...didn't see it posted...If it has been...sorry... * Enorrste Debunking Another Naysayer: G.E.T. 4/20/11 April 20th, 2011 10:19 am · Posted in CHATS & POSTS (Iraqi Dinar Info) Debunking another Naysayer Wayne Askew of DinarVets has taken the time and effort to present his case that the IQD will in no way RV period, let alone to anything over $3.00. I have copied his entire post below for those who want to get the full flavor of his masterful presentation. Afterwards, I will address the pertinent facts to show that his reasoning suffers from a fatal flaw from the very beginning. Read this from dinarvets: How’s this for proof. If the IRD RV to just $1, there are 27 trillion of them in circulation. So that means CBI has to have $27 Trilliion to cover that value. Currently the hard currency reserves of the CBI are about $50 billion. So, just to reval to a dollar, they’re missing $26,950 Billion dollars. If you go to the other end of the scale, $6 RV, the number is $162 trillion, which is more money than actually exists on the planet. In fact, recent changes in how the CBI is run make it more likely that it could run out of money.. http://www.iraq-busi…e-central-bank/ The RV is fairy tale, sold and told to you by the companies selling dinars. If it really was gonna RV any day now, why would ANY of these companies be willing to sell ANY of them? If the $6 RV happened tomorrow, a company like Dinar Trade would have enough in the cash drawer to be a G8 country. Quit dreaming, there is no RV coming. I won’t say anything about your typos, this is an internet forum, not a graded paper. I will point out your lack of any backing information to support your position. I provided a link to an official statement from the CBI that firmly establishes that they have foreign currency reserves of ~$50 billion. It’s an incontrovertible fact that whatever the IQD RV to, the CBI will need to have most, if not all of the total amount it revals for, in hard currency, available to redeem any dinars that speculators, investors etc.. would want to convert to dollars or euros etc.. I just want to know where that money is. They have $50 billion and are worried that they may have to recapitalize the bank, so how are you going to get paid if they RV? There isn’t enough money in existence to redeem all the dinars issued @ a little less than $3, so can you explain the realistic scenario under which ALL THE WORLD’S WEALTH will suddenly become available to the CBI? If you got a masters in Econ and can’t do the maths to show if they sell every drop of that oil it still leaves them, umm, $17 trillion short, send it back and see if they’ll give you a refund. Iraq export revenue in March was $4.35 billion, so they could, at that level, support a dinar for a dollar with 517 years worth of oil revenue, provided of course that they spent every penny of it on backing their currency, and not bother with things like an elecrical grid that works more than a few days a week, or any infrastructure, expense of government, build roads or anything like that. (source fopr revenue figures) http://www.jihadwatc…ad-attacks.html I know, I know, the revenue is down, when they get everything up and no insurgents and such, it would DOUBLE! Fine, so you only have to devote 208 years of eveery penny of revenue to paying off dinar speculators…. Think you can increase the sales so much that you can RV the dinar and not take a few centuries to do it? Well, you’ll have to see if the UFO people need gas on their planet, because the total world market in oil is 73 million barrels per day. That the whole planet. That’s 26.37 billion barrels a year, or @ 100 a barrel, $2.6 trillion. You could fund that $1 per dinar exchange rate in just 10 years, if Iraq was the only country to produce petroleum for those ten years, notwithstanding that they would run out of oil to sell in as little as 4 years, but even the most optimistic number of their reserves only gives them enough to produce that rate for 8 years. (link to global oil production figures, 1960-2009) http://www.eia.doe.g…xt/ptb1105.html people just don’t get the basic concept that for the dinar to revalue, the money has to be somewhere. Oil in the ground? It has to got to $2600 a barrel to support a dollar dinar. When you cash your dinars in, are you gonna accept it in dollars, euros or a barrel of oil. See above for the oil, the waiting line is 500 years. Want it on dollars, the amount the ICB needs is almost twice the entire GDP of the USA, and they have to have it in cash. And that’s just for it to be a dollar. Take all this alnd mulitpy by whatever number your guru is quoting today, and find where the money is gonna come from to pay it. Read more: Link to Dinar Vets Post Thread Wayne Askew OK, let me now address the serious error in this post. Wayne begins by stating that there “are 27 trillion dinars in circulation.” If this were true, then the remainder of his thesis might hold water. However, this is patently NOT true. What IS true is that there WERE 27 trillion dinars in circulation at one time, between the introduction of the dinars in 2003 and late last month, 2011. As I have shown elsewhere, since 2005 it was known by the Ministry of Finance and the Central Bank that this money supply would have to drop substantially in order to allow for an RV of the dinar. In February of last year (2010) Mr. Saleh of the CBI was quite specific that the money supply was too large: Central Bank adviser Muhammed Al Salih appeared to discuss the economic policy of the central bank for withdrawing cash from the local market due to the “inflation suffered by the money supply, which rose from 25 billion dinars in 1980 to 23 trillion dinars now. He said “it is important to reduce [the money supply],” noting that the process of lifting the zeroes is a “long-term policy adopted by the Iraqi government and the central bank, which will direct the project as soon as the development of the Iraqi economy warrants it, and that this may be this year or next and will probably require a longer time, depending mainly on the stability [of the economy] for the operation.” http://ar.aswataliraq.info/?p=202726 Another article in the same month said roughly the same thing: Salih said by the end of 2010 the new banknotes will be fully introduced while the old banknotes will be gradually removed from circulation. He did not specify when the new notes would be issued. Both will be legal tender in Iraq until the old notes are completely withdrawn. Salih added that in 1990 the value of banknotes in circulation was about 25 billion Iraqi dinars but is currently some 25 trillion dinars. http://www.rferl.org/content/Iraq_Planning_Currency_Redenomination/1950504.html On April 14, just 5 days ago, Mr. Saleh made the following statement: Iraq’s Central Bank announced on Tuesday that the project of Iraqi Dinar re-denomination consisting of removing three zeroes is close to completion…. In an earlier statement to Alsumaria News, Iraq’s central Bank adviser Mothahhar Mohammed Saleh affirmed that the bank plans to remove three zeroes from the Iraqi Dinar noting that the zeroes which were added to the Iraqi currency previously constituted a large money supply estimated at 27 trillion Iraqi Dinar. http://iraqidinars.com/blog/ What happened, then during the year between February 2010 and April 2011? We now know the answer. Mr. Shabibi, head of the CBI, announced as far back as July of 2010 that the process of removing the large denominated notes (“removal of the three zeros?”) was even then already 70% complete. Therefore from 27 trillion dinars in circulation, as far back as July of last year that number was down to 8.1 trillion dinars still remaining in circulation. Now, as of this month, Mr. Saleh says that the process of removing the large denominations is “nearly complete.” What does this mean? Clearly they haven’t removed the large denominated notes from outside of Iraq, including the notes we hold. Therefore, his statement must be taken as referring to large notes WITHIN the country of Iraq. Let’ assume that American investors hold about 3 trillion dinars, and lets assume that the US government and all other governments and people outside Iraq hold another 4 trillion dinars. This would mean that there would have been about 1.1 trillion dinars left in Iraq to draw into the CBI from July of 2010 until now. Saleh’s statement indicates that this process of removal is now “nearly complete.” We know this to be true because there is literally no cash in the Iraqi economy at this time. This is nearly at a crisis point and the issuance of the smaller denominated notes (which, incidentally, were part of the original 27 trillion dinars printed in 2003) is about to begin which will correct this problem. Of course issuing the small notes without also revaluing the currency would fail. People would need a wheelbarrow of notes to fill their car with gas! What about the remaining 7 trillion dinars floating around the world? How in the world could Iraq buy these back? According to Wayne, even if his number of 27 trillion dinars is reduced to 7 trillion dinars, there still isn’t enough money either in Iraq or elsewhere to pay back the investors, or is there? The US, China, Britain, and France by far hold the majority of the outstanding dinars. An agreement was made with Iraq last year in which it was agreed by all four countries that none of them would attempt to “cash in” their dinars for a minimum of 6 months after the RV. Of course Wayne might then say that this is only pushing the ball down the field and that it does not solve Iraq’s problem. If that were the whole story, he would be correct. However there is a second part to the story. When these four countries finally begin to “cash in” their dinars they will do so for oil, not dollars, or pounds, or yuan. Oil is something that Iraq DOES have plenty of, literally trillions of dollars worth. Furthermore, it costs Iraq about $.57 per barrel to get that crude out of the ground. Therefore, effectively, given a current price of oil of $125 per barrel, Iraq will be buying back its dinars, $125 dollars worth at a time, for only $.57. It is clear that they can afford this. How about all of our invested dinars? How will they pay US back when we cash in? The answer to this is also quite simple: our dinars go to the US Treasury and become a part of the pool of dinars that will be traded for oil beginning 6 months from now. It will actually be the US Treasury that will be cashing us in, not Iraq. How can the US Treasury afford to do this? Again, the answer is simple. First, the transaction is purely electronic. The UST does not need to have trillions of dollars printed to cash us out. Second, and this is important for the health of our own economy, the US government has contracted to buy oil from Iraq, beginning in 6 months, at only $32 per barrel, not $125. Therefore, for every dinar that we turn in to the US Treasury, the federal government will quadruple the buying power of those dinars when converting them to oil. Presumably the US government will then sell the oil to Chevron and others for $125 per barrel, keeping the gain in their own coffers, more than enough to offset the inflationary pressure from the initial cashing in of our dinars to the US Treasury, Now we must address another key point that Wayne is mistaken about. This has to do with the amount of reserves that Iraq holds, and will hold, after the RV. He is correct that the current reserves are about $50 billion. However, what he fails to take into consideration is that there is at least that much more outside of Iraq held in banks around the world “in trust” awaiting the final disposition of the Chapter 7 issue with the UN. With the RV will come the final release of Iraq from Chapter 7. This will allow Iraq to reclaim its vast wealth from overseas banks, as well as ships moored outside Iraq for 20 years, and other assets. The result will be that the reserves of Iraq will more than double. Let’s assume that the reserves double to $100 billion. Now, how will that compare to the new money supply of Iraq after the RV? Mr. Shabibi and Mr. Saleh are on record that they intended to bring the money supply back to the early 1980s level of 25 billion dinars. Mr. Saleh indicated 5 days ago that this processs is “nearly complete”, as I have quoted above. Are the reserves worth $100 billion dinars sufficient to cover a money supply of only 25 billion dinars? Assuming we have an V at $3 per dinar, the money supply would be worth $75 billion. The reserves would cover the money supply by 125%, making Iraq the strongest currency in the world. The US, incidentally, has reserves of about 10 cents for every outstanding dollar. Now, in closing, let’s take this one step farther. Suppose, over the next 6 months, the dinar gains and gains in value until it reaches $12 per dinar. Can Iraq afford this? Let’s do the math again. With a money supply of 25 billion dinars, the “worth” in terms of dollars would be $300 billion (12 times 25). I have just shown that post RV the “worth” of the Iraqi reserves will rise to $100 billion. Therefore they would STILL have 66% coverage for their money supply in reserve, even at $12 per dinar. I believe this is sufficient to show that Wayne’s analysis is quite flawed and that no one needs to be concerned about this RV. Everything is on plan, and imminent. Steve

Tell me what the proposed RV amounts are. Did you read my post? I claimed $0.01 (in another thread), not the mystical $3.22. That is $270B, not trillions like you suggest. Who's everyone? We've discussed that foreign investors hold very little of the IQD in circulation. 97%+ is IN IRAQ. Why wouldn't they give away the farm to everyone? You said so yourself that every 18+ year old should get money from the GOI. Isn't this the same thing? $0.01... No... he stated adjusting the exchange rate. Go read/watch the first question again. They were put there because inflation was high and people stopped using the smaller notes... it wasn't for fun, it was so they didn't have to use wheel barrels to carry their cash. If the exchange rate was adjusted in their benefit again, they no longer have use for large bills. With a lop, you're just covering up the zeros. purchasing power did not change, so what's the point? I think you're all failing to understand this is all about the development and growth of Iraq... not about ease of counting numbers. Dude... that's my whole point... the rv would PUT money into citizens hands. This train ride is loaded with Iraqi's FOR Iraq. The small amount of us are simply hitch-hiking on the roof of the train. The whole point of the revaluation is so the citizens themselves can stand on their own two feet... and not take handouts from here until forever from the GOI. How would handout's help development and growth? I'm still waiting for a numeric explanation on how the redenomination is in the best interest of Iraq. Forget the investors, stop using your reason as "so they dont have to pay us"... show me what's in it for them!

Posted Today, 11:27 AM My husband went to our local BOA today and, since the manager wasn't busy, asked if he could chat with her. She has sent our wire transfers for us, so is very aware that we have bought dinar. He asked if they would be able to cash the dinar in for us when it revalued. She got her book of foreign currency out and said they would be able to buy it back from us. Then she quietly added that they were not able to buy back dinar until just recently - this is a change. They are priming the pumps, so to speak!

Is it just me, or does all of Camp negative believe the other camp thinks they'll be millionaires? Way to go to extremes. Your theory on a revalue after redenomination is just as much crazy speculation as a small revaluation ($0.10 MAX) leading to a redenomination. Your theory on Iraq giving everyone 18+ money is just as much crazy speculation as a small revaluation ($0.10 MAX) leading to a redenomination. The problem is, no where does it state either of these two theories. They're simply your ideas and nothing more. If you want support... back them up! Show me the numbers. Do the calculations. Explain to me (with numbers) why this will help Iraq become a stable, big player in the world.

I agree ....last nights call was the most informative dinar related call I have listened to. The great info starts about half way through.

Here's to another Monday cash in One of these Mondays maybe I'll really be at the bank cashing in. I'm praying this is the Monday!

"3:45 PM [Txsun] A lot of stability and confidence will happen once the snake is removed from the hen house" And a lot of stability and confidence will happen once the snake is removed from the Whitehouse !!!!!!!!!

I would like to believe this scenario is true. I would like to believe that Shabs is in Switzerland with his thumb on the golden button. I would like to believe that Okie wrecked his truck and wasn't just hiding because his 1,000% true intel wasn't just another stretch of his imagination. I would like to believe that this thing is gonna RV tonight at midnight at $11.00. I would like to believe that all this is true. However, I have been invested to long. I have researched to much. I have heard every guaranteed rumor of the imminent RV. I have debated lops, redoms, and revals till I am blue in the face. I have watched newbies question their decision to invest. I have seen people bash as a way of relieving their frustration. I have watched as people inappropriately use the +1 and -1 credibility meter. I have become so cynical, that I now question every post and am afraid I won't believe it when the actual post comes across that we have RV'd. All of this and you know what I am doing when I finish this post?.......Yes, that is right.......I am moving on to the next post. I believe in this investment. I believe I made the right choice. AND.....I will ride this thing out to the finish line and accept what ever happens with a smile on my face. Because through it all I have enjoyed myself....That to me is worth the money I invested either way. Go RV!

Tony got a little bit to stoney on 4/20 and it caused him to bust out some bologna!

Thanks for the post Bob. Even tho you placed it in the "RUMOR" section they will bash anyway. I would never bring any rumor or truth here.

I also just checked Al-Jazeera. Absolutely nothing there to back this up so I'm crying B.S. on this one to. Folks I'm not negative, but I am through listening to blatant pumper lies. You post it, I'll read it, but you better have proof, cause I'm gonna hunt down that proof and if it doesn't exist....YOU WILL BE EXPOSED for what you are. I will DESTROY your credibility. THAT is a PROMISE!!!