Leaderboard

A"suspicious" US statement recommends that the Iraqi government distribute equitably the wealth AM 9:52:17 11/16/2018 BAGHDAD / The US consulate in Erbil on Friday (November 16, 2018) revealed the contents of a letter, the first of its kind, addressed by the White House to the government of Prime Minister Adel .Abdul Mahdi, asserting that Washington will "pressure" Baghdad to distribute wealth. The statement of the consulate of Arbil carries a dubious significance, and it is called that the government of Iraq is not fair in the distribution of wealth through the federal budget distributed .according to merit. The United States is spending aid in different parts of Ninewa province," said Max Bremorak, the"US Special Representative for Iraq's Minority Support Program, in an interview with media at the US consulate in Erbil. "The details of an explicit telephone call between the White House and Prime Minister Adel Abdul Mahdi focused on minority support and reconstruction in Ninewa," US President Donald Trump said. "We will rebuild the damaged buildings and we have no intention of building New ones". He added that "Iraq is a rich country so Trump administration will pressure the Iraqi government to distribute wealth to the people," pointing out that "the economy of the country depends almost entirely on oil, where the bulk of the proceeds of financial in the form of salaries for employees in the government sector." Primorak stressed that "his country encourages the opening of investment and inviting businessmen to Iraq, And on the coexistence of the community, he stressed, the existence of "future projects aimed at reconciliation and the return of life, and other programs dealing with the affected, especially survivors of AIDS," noting that "work has been continuing for two months and at a growing pace in this regard." The White House gave its absolute support to programs to restore stability in the areas that were".destroyed in the battle for the liberation of Nineveh," Primorac said. http://almasalah.com/ar/news/155962/تصريح-أمريكي-مريب-يوصي-الحكومة-العراقية-بالتوزيع-العادل-للثروات

Thanks 6ly410. GM DV's . Trump administration will pressure the Iraqi government to distribute wealth to the people,".. seems as if the USA is making sure Iraq stays on schedule . No stalling with any further investigation into the CBI or it's operations in order for the politicians to continue stealing money . The GOI has been put on notice

Remember in 2012 when Shabibbi was ready to RV, so Maliki had him arrested and took control of the CBI? I see all of this now as cleaning house (sort of like draining the swamp). I think this is a great move.

Do you want to know why they are in a bind about getting the PREVIOUS year's final accounts settled before NEXT BUdget? It has to do with the SBA 2016 with the IMF as quoted from the second review in August 2017: Significantly improving public financial management will be important. Arrears need to be assessed and paid following verification, and expenditure commitment and cash management should be strengthened to prevent the accumulation of new arrears. (August 1, 2017) The third review process started in December 201. With the delay in seating a full government, this also delayed the year's final accounts from getting settled. The IMF is not going to want to give a green light when there is mismanaged public finance causing arrears to occur. It is from the second review which brought Iraq an Article IV consultation which is the part of the IMF that oversees the international monetary system. In a sense, the hub-bub is all about not going into arrears to complete the 2016 SBA in order to RV after the successful completion of 2016 SBA (A three-year agreement with the IMF replete with financial and economic benchmarks. This is Iraq's third or fourth SBA.)

Looks like the Enemies of the Monetary Reforms are throwing everything they can to derail a New Iraq . Angry citizens don't need well printed out banners to get their point across . Plus they are well aware who has been stealing and for how long . The WTO, IMF ,US and other organizations have been at the CBI for a few years now . They know full well the condition of things at the CBI. They helped make it succesful.

U know it is just so weird the timing of everything u know what I mean? Like seriously all this exciting news we had.. and all of sudden there are saying there firing alaq.. then cbi comes out and says no he never got replaced.. then the way they talk about their currency.. we printed large amount of small currency’s for fix the shortage of small currency notes in the market.. then yesterday a article came out said .. we have no intention introducing any new categories..now they complaining about dinar which got destroyed in 2013.. blaming alaq.. he was not even the governor then .. it was Turki.... or whatever his name was... and now look at the cbi website..on October 24 alaq was on Iragi tv with Arab monetary fund .. saying that everything is ready to launch the initiative..which will improve banking services for citizens.. then today the trump administration is pressuring Iraq to give wealth to the Iraqis.. also same time while they banning the US dollar trading with Iran..... ISX national bonds being issued... all those bs statements saying they coming out with new with new 25 k notes 10 k notes e.t.c... and then where are those new signed by alaq lower notes..I do believe there are about launch the initiative.. lots of weird conflicting news...are they trying to fool us? I think so.. to bad iraq it’s not working..we know what u are up too haha.. sorry guys I had to let it all out.. we are in great shape right now imo

It’s all bs news to make it look like nothing is happening with the dinar.. and then boom .. RV imo

Make the dinar great again!

One moment you can be a HERO, a moment later a ZERO. Perhaps there might have been a premature annunciation in the laudatory praisings of the CBI Chief... just saying.

This could be great! Bring back Shabbibi!!! Flip the switch stop the auctions after note reduction❗️Raise the value and give the protestors purchasing power......oh and if you can do this this weekend that would be great! 😂

If this is the RV then I am ready to strip naked run out of work and have fire works coming out of my bottom in Leeds city centre

Smells like the HCL in the works to me. 😊

Something's going on. I don't know what. The Central Bank reveals the truth of the dismissal of the relations November 16, 2018 Policy 2018/11/16 19:59 676 Baghdad today – special A source in the Central Bank’s information office denied on Friday that the bank’s governor Ali al-Alaq was dismissed and that Ahmad al-Sarraf was appointed in his stead. The source said in an exclusive interview (Baghdad today), “The Central Bank has not received any notification from the Prime Minister, Adel Abdul Mahdi, or his office on the dismissal of the relations and the assignment of Ahmed Sarraf, as the pages of Facebook.” The source, who declined to be named, said that “the news circulated on social networking sites is part of the psychological war that is being waged against the relations since it revealed the destruction of approximately 7 billion Iraqi dinars because of the rainwater in Rafidain Bank.” Some social networking sites have been reported since Friday morning, in which they talked about the dismissal of the Prime Minister of the Governor of the Central Bank of Iraq Ali Alalak, and the appointment of Ahmed Sarraf as a substitute. The leader of the Sadrist movement Moqtada al-Sadr has demanded on Wednesday (14 November 2018), the arrest of the culprits sinking more than seven billion dinars immediately, stressing that he supports fair justice in accounting families known for “corruption and vice.” The governor of the Central Bank of Iraq and the agency Ali Alalak, confirmed in parliament, on Monday, November 12, 2018, more than 7 billion dinars damage due to leakage of rainwater to the coffers of Rafidain government, which sparked public outrage expressed by citizens and activists through social networking sites. A number of politicians and MPs commented on the incident, calling for an investigation with the central bank administration and the prosecution of those involved in the default on this file. The judiciary announced on Thursday that it would open an investigation into the case of seven billion dinars, due to rainwater in Rafidain Bank, while pledging to hold officials accountable. https://baghdadtoday.news/ar/news/65562/%D8%A7%D9%84%D8%A8%D9%86%D9%83-%D8%A7%D9%84%D9%85%D8%B1%D9%83%D8%B2%D9%8A-%D9%8A%D9%83%D8%B4%D9%81-%D8%AD%D9%82%D9%8A%D9%82%D8%A9

Okay, this is getting interesting to say the least, the Government news paper Al-Sabah and now the CBI is not letting me in! I believe we are getting closer to this happening! pp

Another one of malarki's men out😋🌸

Al-Maliki and Abadi's decisions will be canceled and the governor of the Central Bank will be removed 12:30 - 16/11/2018 0 Information / Special ... The MP of the Alliance of Suzer Muzaffar Ismail, Friday, that the central bank governor agency on the relations will not remain in office and will be questioned within parliament, indicating that the decisions of Maliki and Abadi, especially related to the positions of the Agency will be canceled. "The governor of the Central Bank is not professional and was assigned by Nuri al-Maliki during his term as prime minister in 2010, in that Iraq had a lot of competent and experienced people who can take over the management of the Central Bank." He added that "Maliki came in a relationship with the governor of the Central Bank Agency, and did not correct Sinan Shabibi at the time, although the latter is known at the level of countries with his experience and efficiency." He explained that "Parliament is supposed to cancel the decisions of al-Maliki and Abadi, and does not put the most focus on the latter, one of them to remove the relations from the Central Bank and the appointment of a professional personality fair in the field." "He said that" the parliament will question the governor of the Central Bank and the agency on the links, pointing out that "the relationship will not remain in office after the interrogation, and will be canceled decisions of al-Maliki and Abadi, especially related to the positions of the Agency." He stressed that "the failure experienced by Iraq during the last period came because of the administration of the ministries and agencies acting, without the development of solutions or come in an efficient person and put it in the right place for him." End 25 n https://www.almaalomah.com/2018/11/16/364756/

Let’s say they have 40 trillion IQD in circulation NOT 43 like the mentioned in another article. 40 trillion IQD/ 1190 = $33.6 billion dollars $60 billion dollars in reserves / $33.6 billion dollars $1.78 $1.78 dollars per dinar Go CBI Go RV Go $1:1+

This interesting news article is Reminiscent of Marilyn Monroe’s famous standing over the steam grate trying to keep her dress from being blown up around her head as the audience is no doubt titilated by that oh so naughty “ updraft “. The CBI is letting the press lift her skirt up just so far.....as we cry out MORE ( as in give us the damn RI/RV ). The CBI is such a tease.

As a member of this forum, I often have to "marvel" at the insight of many Guru's. I ran across this article today on Treasury Vault and felt it important to share with the members. It may help further the understanding of why, when and how a currency is re-evaluated. Again, we have Guru's....and then we have Guru's :). Best to make up your own mind with all the information available. But most of all, understand the true nature of currency valuation and its triggers. http://treasuryvault.com/articles/the-iraqi-dinar-revaluation-update-2018/ Happy reading!

In the Coming Years .... right about the time it looked somewhat promising for a RI/RV and then they pull this stunt. WOW !

I feel like Bill Murray waking up on that last day in Groundhog Day. Anything “different” is good. 🙃

I think the CBI governor Alaq wasn't smart enough to do the things that needed to be done, even with all his worldly trophies an honors he still lost his job. If he would have stopped the auctions an given the slaves more purchasing power with their Dinar he might still be employed. He will be joining Abadi in the unemployment line because neither did the right thing, both did a lot of good things just not the right one...

Lets wait to see his resume and then decide. IMHO - This is a very good move by Mahdi. No more Maliki cronyism at the CBI. Hopefully the crooked CBI auctions are done and the REAL exchange rate can be presented. Interesting times ahead for us. I'm very positive about things to come Semper Fi RV there yet ?

A bank source reveals the amount of fines imposed by the central bank on some banks Friday 16 November Alsumaria News / Baghdad A bank source revealed on Friday that fines imposed by the central bank on some banks amount to 360 billion dinars within two years. The source said in an interview with Alsumaria News, "The size of fines imposed by the Central Bank on some banks amounted to 360 billion dinars (during the last two years) and the limit of 100 billion dinars as miscellaneous fines." The source, who asked not to be named, that "a large part of those fines related to fraudulent customs statements and irregularities concerning the work of banks and the mechanism of application controls," pointing out that "these banks have been transferred files (more than 600 cases and a case) to the judicial organs to decide With reference to the withdrawal of licenses of some companies and financial institutions for violating the laws of banking operations. " "These fines and penalties may be an important reason for the attacks currently facing the monetary authority of some of those affected," the source said .

Kurdistan After year-long halt, Baghdad resumes Kirkuk oil exports through Kurdistan to Turkey Sangar Ali | 5 hours ago Flames emerge from flare stacks at the oil fields in Kirkuk, Iraq October 18, 2017. (Photo: Reuters/Alaa al-Marjani) Iraq Kurdistan Kirkuk Turkey Oil Baghdad ERBIL (Kurdistan 24) – The federal government of Iraq has restarted exports of Kirkuk oil to Turkey through the Kurdistan Region after a year of disruption following the Kurdish referendum on independence in 2017, Iraq’s Ministry of oil confirmed on Friday. “The federal government and the Kurdistan Region reached an agreement in principle to resume the export of oil from the fields of Kirkuk via the pipeline to the Turkish port of Ceyhan,” the spokesperson for the Iraqi Ministry of Oil, Asim Jihad, said in a statement. Jihad mentioned that 50,000 – 100,000 oil barrels per day will be exported through the Kurdistan Region’s pipeline to Turkey. “The Iraqi oil marketing company (SOMO) will be in charge of the export and marketing of this quantity,” he added. The agreement comes weeks after intense negotiations between Erbil and Baghdad, with pressure from western countries, for both sides to resolve outstanding disputes and help address a shortage of Iranian crude in the region after the US imposed sanctions on Tehran. The deal indicates that the Prime Minister of Iraq, Adil Abdul-Mahdi, and Oil Minister Thamir Ghadhban are ready to work with the Kurdistan Regional Government (KRG) despite previous tensions following the Sep. 25 referendum of last year. The export of Kirkuk oil to Turkey halted in Oct. 2017 after Iraqi forces and Shia militias took control of the oil-rich province. It stopped the flow of 300,000 bpd to Turkey, resulting in a loss of revenue totaling some $8 billion over the past year. Kirkuk is one of the biggest and oldest oilfields in the Middle East, estimated to have 9 billion barrels of recoverable oil. The province is one of the disputed territories claimed by both the KRG and the federal government of Iraq. Editing by Nadia Riva

Is it possible, things are already determined and set in motion to happen by the end of 2018/first of 2019, and the timing of this letter is just an attempt by the US to take the credit.🤔

It appears it’s, as we say in the Army ..... “ BOOTS UP THE AZZ TIME “ ... and it’s about time as if already way long overdue.

Nice find!! Come On Iraq, you got the support of the USA. MIGA and President Trump is doing it-MAGA!

6ly410 Thamks, Excellent article.....MIGA.....GO PRESIDENT DJT...😁😁 GO RV / RI

I personally couldn't care less what some communities think of ICE. In my community we appreciate ICE catching and deporting illegals. Karmala and any other person who supports open borders are breaking the laws they swore to uphold. It's really not that difficult. Enforce the LAW. We have immigration laws and anyone who jumps the border is here illegally. Sorry. If you come into our country illegally you have BROKEN the LAW and are subject to the penalties.

***/// Lay out these lies you elude to... then we'll compare it to ho'bummer's extensive list & see which is the more damaging & severe to our Republic... Don't bring a knife to a gunfight.... You wanna go down THAT rabbit hole... only one of us is comin' out. .

WOWZERS!!! I get the EXACT SAME Thing, TOO, 6ly410, AND The Very Best Of, Like, EVERYTHING TO YOU!!! Hey, I DO NOT want Anybody OR Anything Stealing MY "personal or financial information" NOW, either!!! Crude Oil Futures are still withing striking distance of the 2019 Bicraqi Iraqi budget basis of $56/barrel!!! http://quotes.ino.com/charting/index.html?s=NYMEX_CL.Z18.E&t=&a=&w=&v=dmax The Bicraqi Iraqi exchange rate has settled out early into the weekend a tad above 1,190 IQD = 1 USD on www.xe.com. https://www.xe.com/currencycharts/?from=USD&to=IQD&view=1D Could be somethin'. Could be nothin'. In The Mean Time............................................................. Go Moola Nova (YEAH AND YEE HAW, BABY, READY WHEN YOU ARE BROTHER (OR SISTER) - LET 'ER BUCK!!!)!!!

Maybe Alaq had enough of getting accused being corrupt... cmon bring out those lower notes haha

Here the Video of the wash out money....They haven't put it out on Youtube yet... I keep looking maybe later on today...

It will subtracte large quantities of small categories to meet the need for daily transaction..e.t.c.... and then this

What does “Bicraqi” mean?

http://www.iraaqi.com/news.php?id=38117&news=1#.W-3eXEZMFdb......... .. The central bank reveals the amount of cash and gold reserves currently in Iraq The Central Bank of Iraq, on Thursday, the total printed from the Iraqi currency throughout the country, which is estimated at 40 trillion dinars, indicating that Iraq has reserves of foreign currency and gold estimated at more than 60 billion dollars. "Iraq has plans and strategies that it is working on periodically to make adjustments to the currency and pull the damaged from public markets and replace it with a new one," said a spokesman for the central bank, Bassem Abdul Hadi. He added that "the total Iraqi currency printed in the public market, banks and coffers of the bank up to 40 trillion Iraqi dinars," noting that "there is no intention at the present time to issue any new category and existing categories that cover the need of local Iraq." He said that "the total reserves of the bank from foreign currencies and gold is estimated at more than 60 billion dollars," noting that "this figure is variable and depends on Iraqi oil exports to decline and rise."

Here's an article from yesterday quoting KDP source: Parliament moves to re-independence of the Central Bank of Iraq! November 15, 2018 Political situation Thursday 15 November 2018 05:39 pm BAGHDAD / The deputy MP of the Kurdistan Democratic Party (KDP), Pierre Taher, said on Thursday that parliament is moving to take measures to restore the independence of the Central Ban Tahir said, “the eye of Iraq News,” that “there is negligence and a clear negligence in the performance of the work of the Central Bank of Iraq, and his work lacks the full professional and there are several shortcomings in aspects of service provided and performance,” noting that “the Governor of the Central Bank bears waste more than 7 Billion Iraqi dinars in circumstances attributed to the floods previously flooded the province of Baghdad. “ He added that “the parliament will take the necessary measures to restore the independence of the Central Bank and the performance of his work fully professional to contribute to the revitalization of the national economy.” http://aynaliraqnews.com/index.php?aa=news&id22=108704

Nothinh....nothing.....then suddenly

Of course not that's why Trump is putting the pressure on them. With what he's doing with Iran and more and more talk about corruption is at least a step forward

And seems to be removed!

Well, OK, I check the oil futures now and then and get a little concerned when the crude oil price tanks nominally a whopping 25% in a month and a half's time. Here is an oil futures chart: http://quotes.ino.com/charting/index.html?s=NYMEX_CL.Z18.E&t=&a=&w=&v=dmax Do You see the current price of nominally $56/barrel? Does THAT price sound familiar???!!! And the luxury, for / Mawazin News / / that "the MPs need to see the budget items and discuss them thoroughly, before discussing them in the House of Representatives." In turn, MP Sabah al-Ukaili, "the inclusion of the federal budget for 2019 within the agenda of the next session of the House of Representatives scheduled to be held on November 6," stressing that "the surplus budget will go towards providing grades for graduates." At the same time, there are demands by MPs to adjust the price of a barrel of oil, which was set by the government at $ 56, to coincide with the high oil prices in the current period. According to political sources told Mawazine News. The sources pointed out that "these deputies want to raise the price of a barrel to $ 64 a barrel." The Bicraqi Iraqi 2019 Budget was based on $56/barrel crude. So, I wonder if the dip in the price of crude nobody can explain is set to correspond with the Bicraqi Iraqi 2019 Budget basis of $56/barrel to facilitate the potential Bicraqi Iraqi Dinar INTERNATIONAL exchange rate since 90%+ of the Bicraqi Iraqi Income is crude oil. The corresponding pricing may be to quell hedging on the oil price side. Maybe something to watch, too. I wonder how long the crude oil price can be manipulated at any value with the potential nominal target of $56/barrel. I suspect there will be NO traction to raise the 2019 Bicraqi Iraqi Budget to $64/barrel. Just my crazy, crazy conjecture, thoughts, opinion, and for whatever THAT is worth!!! Hey, I might (likely am) a nut job or somethin'!!! CAVEAT EMPTOR, Reader!!! In The Mean Time................................................................... Go Moola Nova (YEAH AND YEE HAW, BABY, READY WHEN YOU ARE BROTHER (OR SISTER) - LET 'ER BUCK!!!)!!!

The Iranian Toman regains part of its value in front of the Iraqi dinar and foreign currencies Iranian currency against the dollar 2 hours ago 14788 views + - Digital Meditation NRT Iran's Toman has recovered more than 10 percent of its value against foreign currencies in the past 48 hours . According to Iranian press sources on Thursday, November 15, 2018, the Iranian currency continues to improve as the exchange rate of foreign currencies in Tehran on Thursday as follows: USD: 12.600 TOMAN The price of the euro: 14.300 Toman British Pound: 16.000 Toman Thousand Iraqi Dinar: 10.300 Toman With the start of the first package of sanctions, the Iranian currency witnessed a sharp decline in its market value. The Iranian riyal continued its decline against the dollar and lost 20% of its value within days. Since the beginning of this year, the riyal has lost about two-thirds of its value. Thousand riyals, while the exchange rate of the dollar in the first of January 2018 to 42.900 Iranian riyals. http://www.nrttv.com/AR/News.aspx?id=6492&MapID=5

Oil reveals an agreement with Kurdistan to resume export from the fields of Kirkuk Spokesman for the Ministry of Oil Assem Jihad "Internet" energy Economy News Baghdad: The Ministry of Oil, on Friday, the central government reached a "tentative" agreement with the Kurdistan government to resume export from the fields of Kirkuk via the pipeline to the Turkish port of Ceyhan . The ministry spokesman Asim Jihad, in a press statement received by "Economy News", "The federal government and the Kurdistan region reached a preliminary agreement provides for the resumption of oil exports from the fields of Kirkuk ." He explained that the agreement "provides for the export of oil from Kirkuk fields to the Turkish port of Ceyhan through the pipeline passing from the region, and at a rate of 50-100 thousand barrels per day ." Jihad pointed out that "the export and marketing of this quantity will be through the Iraqi oil marketing company Sumo." Number of Views 10 Date Added 16/11/2018

Thanks ocamelot TreasuryVault Articles The Iraqi Dinar Revaluation Update 2018 The Iraqi currency continues its range-bound valuation of the past several years. It’s value today is approximately 1,191 Iraqi Dinar (IQD) to 1 U.S. dollar. The 10-year range of the Iraqi Dinar to the U.S. dollar is between a high of 1,209, and a low of 1,089. Staying on top of current trends will help you maximize your return if you choose to trade the Iraqi Dinar. Before a revaluation can occur, political and economic stability must occur in Iraq. There are several signs that Iraq is moving in the right direction. On August 10, 2018, the Iraqi election recount was finally completed. This follows a nail biter of an election which took place in May. Now the way is paved for Iraq to form a new government, a major milestone required before a revaluation can take place. After several turbulent years following the withdrawal of U.S. troops from Iraq, the position of the United States has improved greatly as they help to improve Iraq’s relations with Saudi Arabia and international banks. Polls show the majority of Iraqis seek a government which focuses on the equality of all citizens rather than politicizing and polarizing various groups and religious sects. There is high demand to stamp out corruption and restore faith in a fair and transparent government. Iraq’s relationship with Saudi Arabia is greatly improving. Iraq’s top Shia leaders demonstrate and increasing willingness to reach across the aisle and strengthen ties with the Sunni leadership in Saudi Arabia. Concerted efforts against ISIS have led to greatly improved security, which has breathed fresh life into commercial and business enterprises. WHAT IS REVALUATION? A revaluation is a change in a currency’s official exchange rate. Usually, it’s a change in the exchange rate compared to other major world currencies, but it can also be some other baseline measure, such as the price of gold, oil, or even wage levels in the issuing country. Revaluation is undertaken by an official authority in a country, which is either the central government, the country’s central bank, or a combination of both. Revaluation can go in different directions, either increasing the value of the currency relative to the baseline or decreasing it. When the value is decreased, this is more typically referred to as devaluation. Revaluation is a fairly common occurrence, even among major world currencies like the U.S. dollar, the euro, the yen and the British pound. It usually happens on an informal basis. For example, the central bank may increase the value of a currency, usually by increasing interest rates, to attract foreign capital. On the opposite end of the spectrum, they might weaken the currency to increase exports and decrease imports, improving capital inflows into the country. Formal revaluations do occur, however. These happen in the event of a major change in a country’s circumstances. For example, the U.S. dollar was devalued in 1933. The U.S. government raised the exchange rate from $20.67 per one ounce of gold to $35 per one ounce of gold. This is an example of a devaluation since the price for one ounce of gold increased. The dollar was devalued in an attempt to increase currency supply during the Great Depression. AN EXAMPLE OF IRAQI DINAR REVALUATION Revaluations affect much more than the currency being examined. It can also affect the valuation of assets held by foreign companies in that currency. It’s important to understand that a revaluation affects more than a country’s currency. Along with the change in dollar exchange value, the nation’s assets are also affected. This is of particular interest to foreign parties who own property or other assets within the country. To put it simply: If a nation’s currency doubles in value, then the nation’s assets do as well. The reverse is true as well. For instance, if a foreign entity purchases a parcel of land for $1 million, and that nation’s currency revalued, then the land would need to be revalued as well. Let’s create a scenario using Iraq’s Dinar. For the sake of simple math, let’s pretend the current exchange rate is 1 US$ = 1,000 IQD. But what if the Iraqi government changed the exchange rate to 1 US$ = 500 IQD? It would affect the value of the land, increasing the value from $1 million to $2 million. Foreign investors would be smiling since they doubled their money. Conversely, should a devaluation occur, and the Iraqi government changed the rate of dinars to 1 US$ = 2,000 IQD, then the opposite would happen. The land would drop in value and be worth only $500,000, leaving the foreign investors with a 50% loss. WHAT SOCIAL, POLITICAL AND ECONOMIC ISSUES CAN TRIGGER A REVALUATION? The price of oil is notoriously unpredictable and fluctuates dramatically during boom and bust cycles. After years of trending lower, oil prices have risen quite a bit in 2018. The price increase is based on the realization that low oil prices have led to a lack of investment in new oil production, particularly outside the United States. Oil production is a long-term process. It takes many years to get a known oilfield into production. Exploration for new oil fields takes even longer since it’s often a hit or miss process. With oil floating between $30 and $60 per barrel over past several years, both exploration and new production have been lagging. Consumption, however, has not. Oil use has been growing steadily over the past few years. This has led to a gap between production and consumption that has been steadily narrowing, creating tighter supplies. While the U.S. has been expanding its production of oil through fracking, other types of oil production, such as drilling for free-flow sources, has slowed down. The depressed price of oil simply hasn’t permitted heavy investment in oil production. Meanwhile, oil reserves in several major producing countries, including Britain and Mexico, have further reduced the production of free-flowing oil. In recent months, the price of oil has reflected these fundamental changes. It is now hovering near $70 per barrel, the highest price it’s been in several years. It’s not inconceivable that it will continue to rise in 2018 and into 2019. In fact, production cuts by OPEC are aimed at achieving that exact result. Since OPEC is the primary source of free-flowing oil, production caps have the potential to cause oil prices to rise rapidly. IRAQI DINAR REVALUATION NEWS AS OF TODAY When it comes to Iraqi Dinar revaluation news, nothing official has been announced for this year. The Iraqi Central Bank has been running successful auctions of Iraqi Dinar nearly every day, ranging in size between $100 million and $200 million. Clearly, there is strong acceptance of Iraq’s currency among investors, even at its current low valuation rate. The economic, social and political situations in Iraq largely remain unchanged since 2003. While there has been some stabilization in that time, there is no indication of a formal revaluation. The latest news related to the Iraqi Dinar is that Iraq has submitted a formal request to become a member of the European Bank for Reconstruction and Development. The European Bank was established in 1991 and made the transition easier for former Soviet Union countries to convert into capitalist economies with free markets. One factor we are keeping a close eye on is the current exchange rate of the currency. Though the current political situation within Iraq is best described as guardedly stable, the situation is much different in surrounding countries, including oil-producing ones. Iran is one country receiving a lot of attention right now. President Donald Trump recently pulled the U.S. out of the nuclear deal with Iran, which has created geopolitical uncertainty and opens the potential for a continued rise in tensions between the two countries. This not only affects the military situation in the Middle East, but also the global oil supply. Iran has oil reserves comparable in size to Iraq. Should those supplies be withdrawn or cut off from the world supply, it could trigger a dramatic rise in the price of oil. THE CURRENT ECONOMIC STATE OF IRAQ The value of a nation’s currency is a reflection of the health of the country itself. Iraq is still dealing with the lingering effects of both the Gulf War in 1991 and the U.S. invasion in 2003. The country has been in a political power vacuum ever since and the economy has seen much better days. Even with the country’s massive oil reserves and production, Iraqi economy hasn’t seen much economic growth, though the situation is slowly improving. Iraq’s borders have been seen as almost imaginary due to domestic factions and foreign powers exploiting the country’s current weaknesses. Fortunately, the recent election and a stronger relationship with Saudi Arabia should bring a much needed dose of balance and stability. And while many international corporations look to exploit price imbalances between Iraq and their countries, they too prefer a certain level of stability. This is reflected in the currency, which is largely public perception. Both the country and the currency have been under siege for the past 15 years. Oil production is a long-term process as it takes years to exploit known oil reserves. Exploration for new oil fields takes even longer since it’s often a hit or miss process. Oil consumption, however, has not slowed. Oil use has been growing steadily over the past few years. This has led to a gap between production and consumption that has been steadily narrowing, creating tighter supplies. Iraq has an estimated 143 billion barrels in oil reserves, giving it the fifth largest such reserves in the world. Meanwhile, production has been running at about 4.5 million barrels per day, placing Iraq behind only Russia, Saudi Arabia, and the United States in terms of world oil production. It is also one of the principal oil exporters in the world. CLOSING THOUGHTS ON THE IRAQI DINAR REVALUATION UPDATE FOR 2018 It’s impossible to make an exact prediction on whether the Iraqi Dinar will revalue. We always like to remind our readers that everything is speculation when you buy a position in a foreign currency. You can invest in the Iraqi Dinar through Treasury Vault, buying in 500 or 25,000 note increments. We specialize in the currencies of more than a dozen countries, as well as gold and silver. We even offer self-directed IRAs for your investments. We will never recommend that you put anything more than a small percentage of your portfolio into any one currency or investment strategy. You should always consult with a professional for specific investment advice, but you should strive to diversify your portfolio and include investments like stocks, bonds, and cash equivalents. A speculative portfolio allocation, spread between gold, silver, Iraqi Dinar and other currencies, can give your portfolio both greater diversification as well as increased profit potential. This is especially true since 2018 has seen declines in bond prices as well as greater volatility in the stock market. If you want to stay up to date on Iraqi Dinar revaluation news, check back with our site regularly. As stated earlier, revaluation events take a long time to develop but move at a very fast pace once they do. We’ll keep updating as events unfold, so be sure to check back often.

I am investing mine in Scotch. That will add a few decades in my favor.

Well, OK, I likely am having way, way too much fun with the play on words, ReVbo, AND The Very Best Of The Rest Of Your Week To You AND Up Coming Weekend!!! by cracky interjection Informal: Older Use. (an exclamation used to express surprise or to emphasize a comment):A fine day, by cracky! By cracky! by cracky An exclamation of surprise or praise. You studied hard, and, by cracky, you got an A! Isn't it funny how that works? Bycracky, we've solved the mystery! See also: by, cracky Farlex Dictionary of Idioms. © 2015 Farlex, Inc, all rights reserved. By cracky! Rur. By God! (A mild oath, often used to express surprise or approval.) Jim said he'd get the whole house painted thisweekend, and by cracky, that's just what he did. By cracky! That thunder sure was loud. What does 'By cracky' mean? A term used by rural folks in years past to emphasize a matter of importance or urgency. An example: 'By cracky, you need to get out there in the field with that mule and plow and finish the sod-busting before dark.' The Bicraqi Iraqi are pretty much NOT By Cracky about much of ANYTHING!!! Go Moola Nova!!!

DATE Clearly I am an Optimist (or I wouldn't be here). I believe (and have seen demonstrated) that "Energy Follows Thought, and Thought Follows Energy". To that end I keep my thoughts on RI/RV this year [2018]. Back this up with: 1. New government in Iraq 2. New government establishes positive changes (RI/RV) 3. Iraq emerges post-RI/RV stronger than neighboring Iran (which is under extreme internal issues and may be vulnerable 4. WORLD is generally supportive of Iraq (over Iran) at this time. 5. Iraq currently enjoys OPEC exemptions (for pricing and production). 6. Investors worldwide are supportive of RI/RV - snowballing to even greater investment. RATE:??? 1. History, pride, bravado and reputation are HUGE in the Middle East. The "Strong Horse". Psychology. To that end, an RI back to a range of $3.25-$3.75 may be warranted? (former value and on par with some neighboring countries in the Middle East). [my preference] 2. Familiarity/ease of conversion/use - $1:1 (I think this is a dream promoted by people who use USD, and even though USD may be used regularly in Iraq, I doubt it will be a simple 1:1 USD with so many other currencies to consider). 3. I remain in the conservative camp of $<0.10, followed by a continued float upwards (to perhaps a $3+/-). WILDCARDS I believe (and observe) that the founding fathers of the USA created a country/environment/mind-set that promoted success and freedoms never known on such a large and lasting scale.They built upon thousands of years of successful cultures, AND sought to eliminate the aspects that caused them to fail. Of course there are those who would prefer to control the resources (and citizens) of the USA. These groups are both domestic and external. Fortunately in spite of their efforts, the US has Patriots, visionaries, real-world experts and EDUCATED and informed Citizens who work diligently to preserve the USA, and her unique position in the world. One of the great strengths of the US is her ability and willingness to adapt and respond to threats. So far those that would do the US harm, typically continue to have a "static' world view. It was demonstrated in 2016 with the election in the US. Citizens found their voice in a perhaps unlikely leader, and then as a result of record growth and satisfaction (and in spite of negative media coverage) individuals and leaders world-wide have been elected, defeated, or forced to follow the will of the people. I have no doubt leaders and professionals of the highest caliber have been meeting and coordinating with the government of Iraq (as well as neighboring countries) to address and usher in change. With access to global information (even as limited as it may be) the word gets out, and leaders perform or are eliminated (as with Egypt and the Muslim brotherhood). In the case if Iraq (even Iran) an RI/RV may be all but essential to remain in power. CRYPTO CURRENCY With growing global acceptance of crypto currency (BTC, etc.) people are learning they can earn/create value, store it, share it, pay bills and sell items all with just a cell phone. This has already happened! Who needs a local currency? Iraq had better RI/RV while anyone still cares? All it will take is an enterprising shop keeper to start selling groceries and accepting crypto via cell phone to create a new market and loyal customers. As this happens, there goes the governments' ability to track and tax individuals and purchases. (don't think everyone from the CBI to the US Federal Reserve isn't concerned about this!) So I have said nothing, but have shared my thoughts.