TAS

HOW TO CALCULATE THE DINAR RATE 3 IGNORE/DELETE MY PREVIOUS "HOW TO CALCULATE THE DINAR RATE 2" (I am sorry, I was to busy posting the "HOW TO CALCULATE THE DINAR RATE 2".) Here it is reposted, with smaller corrections: To days ago I posted this article: "This is the formula for how to calculate the eventual rv rate: Amount of new dinar in circulation x new rate / existing (old) dinar in circulation = rv rate / changing rate of existing (old) dinar For instance 27 billion x 1$ / 27 trillion = 0,001$ To those of you who have any eventual updated (estimated) informations regarding amount of new dinars to be printed, new (estimated) rate and (estimated) amount of existing (old) dinars now circulating, I assume the forum readers will be grateful for any inputs you can give, resulting in a subsequent rv rate calculation/result. (Do not count dinars stored in the vault of CBI intended for replacing worn out dinar notes.)" but without receiving any of the wanted calculating numbers, thus I´ll give you my inputs so far. (I´ll appreciate any number affirmations or corrections - this is in the interest of all of us having invested in the dinar venture, hopefully giving us a very good return.) First (also posted previously by me, 31 March 2011, but now somewhat updated) Calculation: Iraq’s total assets : the total number of dinars printed = $X/IQD. Based on Wikipedia informations: "Oil reserves in Iraq will be the largest in the world according to recent geological surveys and seismic data. The Iraqi government has stated that new exploration showed Iraq has the world’s largest proven oil reserves, with more than 350 billion barrels. Officially confirmed reserves rank third largest in the world at approximately 143 billion barrels" ( http://en.wikipedia.org/wiki/Oil_reserves_in_Iraq), Total amount of dinars printed : "Saleh said there were currently some 29 trillion dinars in circulation in Iraq, represented by some 6 trillion banknotes of various denominations" (http://www.rferl.org/content/iraq_said_planning_currency_overhaul_redenomination/24245867.html) This will give us the following calculations (Iraq’s total assets I don’t know), based on 1 barrel of oil, price: $75. (143,1 bbl x $75) : 25 trillion IQD = $0.37/IQD (350 bbl x $75) : 29 trillion IQD = $0,91/IQD Unknown factor: How much of the 29 trillion dinars are electronically "stored" in the CBI, which then supposedly (easily) can be injected in to the economy, or even deleted completely, thus perhaps lowering for instance the amount of Iraqi dinars to the half amount, consequently doubling the value of the here calculated old dinar value. Comment: Iraq's political situation is still too unstable, not ensuring an intended more or less stable fluctuating new dinar currency value. To compensate for such a possible unwanted outcome, I strongly assume that CBI has to peg the new dinar to their stored black gold (oil), which over time, as the oil resources are gradually being depleted, will be somewhat compensated by a higher GDP and other national wealth stored resources, this in combination with a subsequent more political stable Iraq. Second Returning then to my first calculating example: 27 billion x $1 / 27 trillion = $0,001 which is based upon the often repeated numbers in this forum, thus deviating enormously from my here above listed calculations. The number 27 billion is of course a seemingly logical assumption, based upon CBI´s repeatedly announcing the removing of the 3 zeros from the 27 trillion, or perhaps more correctly - from 29 trillion to 29 billion. But is this a correct assumption? Follow me: The new dinar value has, as well as the old (still existing) dinar, more or less, to be pegged to the black gold (if not intended; the pegging effect will in any way strongly influence the value of the dinar, ref, Switzerland previously being forced to sell out a noticeable amount of its stored gold, due to the similar unwanted pegging effect of its currency, CHK, in world economy unstable situations). This implies that, whatever the new rate is, it has to be influenced by the pegging effect of Iraq's black gold, and if the pegging effect is CBI wilfully 100%, then we will have the following result: If the rate is $3,20 (which I find most likely, based upon previous pre war rate(s), and CBI ´s intention of elevating the new dinar credibility, the amount of new dinar to be printed will be, based upon: a. the lowest oil barrel estimate: (143,1 bbl x $75) : $3,20 = 3,354 trillion IQD b. the highest oil barrel estimate: (350 bbl x $75) : $3,20 = 8,203 trillion IQD Thus you see - the equitation assumption 27 billion / 27 trillion is not correct, because a reduction in the 3 zeros does not imply a similar reduction of the amount of new dinars to be printed, rather - the correct equation is: 3,354 trillion / 29 trillion = 0,1157 - calculating: $3,20 x 0,1157 = $0,37 (value of old dinar) using my formula: Amount of new dinar in circulation x new rate / existing (old) dinar in circulation = rv rate / changing rate of existing (old) dinar 3,354 trillion x $3,20 / 29 trillion = $0,37 (rv rate) or 8,203 trillion / 29 trillion = 0,2829 - calculating: $3,20 x 0,2829 = $0,91 (value of old dinar) using my formula: Amount of new dinar in circulation x new rate / existing (old) dinar in circulation = rv rate / changing rate of existing (old) dinar 8,203 trillion x 3,20$ / 29 trillion = $0,91 (rv rate) Concluding So how is this to be practically solved - the amount of money to be "printed", still counting trillions? The new dinars will have their 3 extra zeros removed, sufficient amount of new dinar notes, both paper printed and electronically "printed" will be distributed for the handling of trading, the rest will be stored electronically on the CBI´s vault computers, thus to be used as an economically stabilizing, balancing factor as well as a "tool" to increase the basket of foreign currencies and amount of gold (to be CBI vault stored), thus contributing to the strengthening of the credibility of the new dinar. Hopefully this input will be a help for those of you wondering what the outcome might be - and as initially mentioned - I will appreciate eventual necessary number adjustments. But anyway, to those of you having participated, passively or actively, long enough, remember well the impressing and brilliant articles written by Scooter, he estimating a rv value of ca. $2, I must conclude, is absolutely plausible.

HOW TO CALCULATE THE DINAR RATE This is the formula for how to calculate the eventual rv rate: Amount of new dinar in circulation x new rate / existing (old) dinar in circulation = rv rate / changing rate of existing (old) dinar For instance 27 billion x 1$ / 27 trillion = 0,001$ To those of you who have any eventual updated (estimated) informations regarding amount of new dinars to be printed, new (estimated) rate and (estimated) amount of existing (old) dinars now circulating, I assume the forum readers will be grateful for any inputs you can give, resulting in a subsequent rv rate calculation/result. (Do not count dinars stored in the vault of CBI intended for replacing worn out dinar notes.)

Reposting my 17 mar 2011 with additional comments [uA. ]UPDATING[/u] Reposting my comment posted 09 December 2010 and also later on 1. Regarding the RV value Here is my temporary estimate: Calculation: Iraq’s total assets : the total number of dinars printed = $X/IQD. Based on Wikipedia informations (http://en.wikipedia.org/wiki/Oil_reserves, http://en.wikipedia.org/wiki/Iraq), one listing the oil assets equal to 180 bbl, another 143,1 bbl and total amount of dinars printed = 25 trillion (http://theiraqidinar.com/tag/revalue/), we get the following calculations (Iraq’s total assets I don’t know). a. (180 bbl x $75) : 25 trillion IQD = $0.54/IQD b (143,1 bbl x $75) : 25 trillion IQD = $ 0.43/IQD Conclusion: 1 IQD = $0.43-$0.54, when not considering the rest of Iraq’s assets and ignoring eventual higher oil prices (today 1 bbl = ca. $97). Unknown factor: How much of the 25 trillion IQD is in circulation. Political agenda: Iraq, as well as USA and another countries, holding lots of IQD themselves, ref. Bush, quote: “The war will pay for itself”, will most likely not accept a price of IQD being less valued than 1 IQD = 1 USD compared to their neighboring countries. To achieve that, the sufficient amount needed will be stored uncirculated in the Iraqi vaults, serving as a replacement or currency regulating asset. 2. Ref: Scooter’s brilliant “Trifecta theory, part 5”, quote: “Iraq could have the largest oil reserves in the world (The Sunday Times). The Iraqi Deputy Minister told The Times that new exploration showed that his country has the world’s largest proven oil reserves, with as much as 350 billion barrels.” (Please don’t reply/comment by referring to much, much bigger oil and gas findings in USA, that’s not the issue here.) Thus concluding my previous calculations, the new estimate is, still neglecting other Iraqi assets and any higher oil prices than 1 bbl = $75. (350 bbl x $75) : 25 trillion IQD = $1.05/IQD B. Consequences Lately, commentaries have been made having us to believe that a one 25000 IQD note will be exchanged for either one 250 or one 25 IQD note, thus nullifying our investment. Fact: Estimated value of our Iraqi assets, as mentioned in my “updating”, is (more or less) a fixed value. When the CBI decides to let the IQD float on the international market, then the IQD value is calculated by dividing the “fixed” value of the country’s value with the total amount of IQD in circulation. Acc. to my calculations that might reasonably be 1 IQD = ca. $1 USD. But, as somebody claim on this forum, at an RV, in exchange of your one 25000 IQD note, you receive only one 250 IQD note or one 25 IQD note, but that contradicts mathematics, because, obviously, then less IQD will be in circulation, actually, simplifying it, 1/100 or 1/1000 part of what now circulates, then of course the one IQD 250 note or the one 25 IQD note will have to increase accordingly in value. Therefore, to have a RV of 1 IQD = $ 1 USD, and at the same time removing the bigger notes from the market, an exchange of one 25 000 IQD note must consequently equal one hundred IQD 250 notes or one thousand IQD 25 notes. Then, shall this be practicable, also smaller notes/coins must be produced for this to take place. Not ignorering the potential of smart economic planning of those who first thought about this change of money scenario, we can thus expect smaller notes/coins already being stored (secretly) in the Iraqi vaults, ready for distribution. C. Politics, facts and rumors, informations - verified or not The people of Iraq are now receiving (monthly?) 15 000 IQD. Being almost worthless at the present rate, but with an imminent RV rate of 1 IQD = ca. $1 USD gives sense – and hope, but giving them an RV-value of 15000 IQD = $15 USD, must for them be a mockery, compared to what most of them are expecting. Iraqis, having fled the country, are of course looking forward to a RV rate at least as here calculated (1 IQD = ca. $1 USD), especially with regards to lots of them having lost all of their savings when the Saddam dinar became worthless. For them, as well as Iraqis within Iraq, a nullifying of the RV will certainly create great anger and rage towards the GOI, and those GOI representatives will simultaneously also most certainly erode their own government positions and possibility of likewise dinar saving repayments, ref. also present Arab countries´ uprising, riots and revolutions. Is this likely to happen? Having a pre-RV just inside the borders of Iraq, is also a fluctuating argument. The main reason for this seems to be a prevention of foreign investors’ possibility of enriching themselves at the expense of the Iraqi tragedy, but will this actually happen, or are such a delay and political maneuver too costly, intolerable and unacceptable, given the consequences. To me it makes sense that the political and economical stabilizing development of Iraq has to be the main priority, and that there is now no room for any more set backs and delays. The international floating of the Iraqi currency has therefore to be executed as soon as possible with an Iraqi world wide tradable dinar, thus producing the economical and political boost the Iraqis are awaiting.

REGARDING BIGGER NOTES TO BE EXCHANGED FOR SMALLER SIMILAR AMOUNT OF NOTES, THUS NULLIFYING OUR INVESTMENT A. My updating, posted 17 March 2011 “UPDATING Reposting my comment posted 09 December 2010 and also later on 1. Regarding the RV value Here is my temporary estimate: Calculation: Iraq’s total assets : the total number of dinars printed = $X/IQD. Based on Wikipedia informations (http://en.wikipedia.org/wiki/Oil_reserves, http://en.wikipedia.org/wiki/Iraq), one listing the oil assets equal to 180 bbl, another 143,1 bbl and total amount of dinars printed = 25 trillion (http://theiraqidinar.com/tag/revalue/), we get the following calculations (Iraq’s total assets I don’t know). a. (180 bbl x $75) : 25 trillion IQD = $0.54/IQD b (143,1 bbl x $75) : 25 trillion IQD = $ 0.43/IQD Conclusion: 1 IQD = $0.43-$0.54, when not considering the rest of Iraq’s assets and ignoring eventual higher oil prices (today 1 bbl = ca. $97). Unknown factor: How much of the 25 trillion IQD is in circulation. Political agenda: Iraq, as well as USA and another countries, holding lots of IQD themselves, ref. Bush, quote: “The war will pay for itself”, will most likely not accept a price of IQD being less valued than 1 IQD = 1 USD compared to their neighboring countries. To achieve that, the sufficient amount needed will be stored uncirculated in the Iraqi vaults, serving as a replacement or currency regulating asset.” 2. Ref: Scooter’s brilliant “Trifecta theory, part 5”, quote: “Iraq could have the largest oil reserves in the world (The Sunday Times). The Iraqi Deputy Minister told The Times that new exploration showed that his country has the world’s largest proven oil reserves, with as much as 350 billion barrels.” Thus concluding my previous calculations, the new estimate is, still neglecting other Iraqi assets and any higher oil prices than 1 bbl = $75. (350 bbl x $75) : 25 trillion IQD = $1.05/IQD" B. Consequences Lately, commentaries have been made having us to believe that a one 25000 IQD note will be exchanged for either one 250 or one 25 IQD note, thus nullifying our investment. Fact: Estimated value our Iraqi assets as mentioned in my “updating” is (more or less) a fixed value. When the CBI decides to let the IQD float on the international market, then the IQD value is calculated by dividing the “fixed” value of the country’s value with the total amount of IQD in circulation. Acc. to my calculations that might reasonably be 1 IQD = ca. $1 USD. But, as somebody claim on this forum, at an RV, in exchange of your one 25000 IQD note you receive only one 250 IQD note or one 25 IQD note, but that contradict mathematics, because, obviously, then less IQD will be in circulation, actually, simplifying it, 1/100 or 1/1000 part of what now circulates, then of course the one IQD 250 note or the one 25 IQD note will have to increase accordingly in value. Therefore to have a RV of 1 IQD = $ 1 USD, and at the same time removing the bigger notes from the market, an exchange of one 25 000 IQD note must consequently equal one hundred IQD 250 notes or one thousand IQD 25 notes. C. Politics, facts and rumors, informations - verified or not The people of Iraq are now receiving (monthly?) 15 000 IQD. Being almost worthless at the present rate, but with an imminent RV rate of 1 IQD = ca. $1 USD gives sense – and hope, but giving them an RV-value of 15000 IQD = $15 USD, must for them be a mockery compared to what most of them are expecting. Iraqis having fled the country are of course looking forward to a RV rate at least as here calculated (1 IQD = ca. $1 USD), especially with regards to lots of them having lost all of their savings when the Saddam dinar became worthless. For them, as well as Iraqis within Iraq, a nullifying of the RV, will certainly create great anger and rage towards the GOI, and those GOI representatives will consequently also most certainly erode their own government positions and possibility of similar dinar saving repayments, ref. also present Arab countries´ uprising, riots and revolutions. Is this likely to happen? Having a pre-RV just inside the borders of Iraq, is also a fluctuating argument. The main reason for this seems to be a prevention of foreign investors’ possibility of enriching themselves at the expense of the Iraqi tragedy, but will this actually happen, or are such a delay and political maneuver to costly, intolerable and unacceptable, given the consequences? To me it makes sense that the political and economical stabilizing development of Iraq has to be the main priority, and that there is now no room for any more set backs and delays. The international floating of the Iraqi currency has therefore to be executed as soon as possible with an Iraqi world wide tradable dinar, thus producing the economical and political boost the Iraqis are awaiting.

UPDATING Reposting my comment posted 09 December 2010 and also later on 1. “Regarding the RV value Here is my temporary estimate: Calculation: Iraq’s total assets : the total number of dinars printed = $X/IQD. Based on Wikipedia informations (http://en.wikipedia.org/wiki/Oil_reserves, http://en.wikipedia.org/wiki/Iraq), one listing the oil assets equal to 180 bbl, another 143,1 bbl and total amount of dinars printed = 25 trillion (http://theiraqidinar.com/tag/revalue/), we get the following calculations (Iraq’s total assets I don’t know). a. (180 bbl x $75) : 25 trillion IQD = $0.54/IQD b (143,1 bbl x $75) : 25 trillion IQD = $ 0.43/IQD Conclusion: 1 IQD = $0.43-$0.54, when not considering the rest of Iraq’s assets and ignoring eventual higher oil prices (today 1 bbl = ca. $97). Unknown factor: How much of the 25 trillion IQD is in circulation. Political agenda: Iraq, as well as USA and another countries, holding lots of IQD themselves, ref. Bush, quote: “The war will pay for itself”, will most likely not accept a price of IQD being less valued than 1 IQD = 1 USD compared to their neighboring countries. To achieve that, the sufficient amount needed will be stored uncirculated in the Iraqi vaults, serving as a replacement or currency regulating asset.” 2. Ref: Scooter’s brilliant “Trifecta theory, part 5”, quote: “Iraq could have the largest oil reserves in the world (The Sunday Times). The Iraqi Deputy Minister told The Times that new exploration showed that his country has the world’s largest proven oil reserves, with as much as 350 billion barrels.” Thus concluding my previous calculations, the new estimate is, still neglecting other Iraqi assets and any higher oil prices than 1 bbl = $75. (350 bbl x $75) : 25 trillion IQD = $1.05/IQD Hopefully we will see this being realized in the coming days/weeks.

UPDATING Reposting my comment posted 09 December 2010 and also later on 1. “Regarding the RV value Here is my temporary estimate: Calculation: Iraq’s total assets : the total number of dinars printed = $X/IQD. Based on Wikipedia informations (http://en.wikipedia.org/wiki/Oil_reserves, http://en.wikipedia.org/wiki/Iraq), one listing the oil assets equal to 180 bbl, another 143,1 bbl and total amount of dinars printed = 25 trillion (http://theiraqidinar.com/tag/revalue/), we get the following calculations (Iraq’s total assets I don’t know). a. (180 bbl x $75) : 25 trillion IQD = $0.54/IQD b (143,1 bbl x $75) : 25 trillion IQD = $ 0.43/IQD Conclusion: 1 IQD = $0.43-$0.54, when not considering the rest of Iraq’s assets and ignoring eventual higher oil prices (today 1 bbl = ca. $97). Unknown factor: How much of the 25 trillion IQD is in circulation. Political agenda: Iraq, as well as USA and another countries, holding lots of IQD themselves, ref. Bush, quote: “The war will pay for itself”, will most likely not accept a price of IQD being less valued than 1 IQD = 1 USD compared to their neighboring countries. To achieve that, the sufficient amount needed will be stored uncirculated in the Iraqi vaults, serving as a replacement or currency regulating asset.” 2. Ref: Scooter’s brilliant “Trifecta theory, part 5”, quote: “Iraq could have the largest oil reserves in the world (The Sunday Times). The Iraqi Deputy Minister told The Times that new exploration showed that his country has the world’s largest proven oil reserves, with as much as 350 billion barrels.” Thus concluding my previous calculations, the new estimate is, still neglecting other Iraqi assets and any higher oil prices than 1 bbl = $75. (350 bbl x $75) : 25 trillion IQD = $1.05/IQD Hopefully we will see this being realized in the coming days/weeks.

Ref, your quote: 1 Timothy 6:7,8 "For we brought nothing into the world, and we can take nothing out of it. But if we have food and clothing, we will be content with that." So if I meet a bum on the street, seeing him being clothed and apparently not being skinny, my response to his/hers eventual begging is: Be content with your situation – that’s the will of God? Sometimes I wonder how they are thinking - our Bible translators: Do they think that God is neglecting giving us a house/sufficient shelter or money enough to make us happily manage life and provide sufficient help and support to family and others in need (in this helping order)? By searching the internet, we find that “clothing”, translated from the Greek word “ακεπασματα”, is an insufficient translation. More correctly is “covering”, thus giving us a broader meaning, implying hope of living, in this way securing the basic needs of every human being in accordance with Maslow’s Hierarchy of Needs, and – of course, also 100% in accordance with the will of our creator. Without those needs in place, we will most likely not reach our self-actualization and overflowing surplus state from which we will bless and rescue people in need, including bums. And in our context: Many of the dinar investors have put their hope and faith in an overflow RV-outcome, lifting them up an above the level of basic needs, in to which debt have thrown many of them, they, and many like minded, seeing the RV as a potential God given help. Therefore let us not lose hope, ref. quote: ”Let him who walks in the dark, who has no light, trust in the name of the LORD and rely on his God,” Isaiah 50;10. And this is the will of our creator with his people: "I wish above all things that thou mayest prosper and be in health even as thy soul prospereth" (III. John 2). Go RV!

Reposting my comment posted 09 December 2010 Regarding the RV value Here is my temporary estimate: Calculation: Iraq’s total assets : the total number of dinars printed = $X/IQD. Based on Wikipedia informations (http://en.wikipedia.org/wiki/Oil_reserves, http://en.wikipedia.org/wiki/Iraq), one listing the oil assets equal to 180 bbl, another 143,1 bbl and total amount of dinars printed = 25 trillion (http://theiraqidinar.com/tag/revalue/), we get the following calculations (Iraq’s total assets I don’t know). a. (180 bbl x $75) : 25 trillion IQD = $0.54/IQD b (143,1 bbl x $75) : 25 trillion IQD = $ 0.43/IQD Conclusion: 1 IQD = $0.43-$0.54, when not considering the rest of Iraq’s assets and ignoring eventual higher oil prices (today 1 bbl = ca. $97). Unknown factor: How much of the 25 trillion IQD is in circulation. Political agenda: Iraq, as well as USA and another countries, holding lots of IQD themselves, ref. Bush, quote: “The war will pay for itself”, will most likely not accept a price of IQD being less valued than 1 IQD = 1 USD compared to their neighboring countries. To achieve that, the sufficient amount needed will be stored uncirculated in the Iraqi vaults, serving as a replacement or currency regulating asset. Hopefully we will see this being realized in the coming days/weeks.

Reposting my comment posted 09 December 2010 Regarding the RV value Here is my temporary estimate: Calculation: Iraq’s total assets : the total number of dinars printed = $X/IQD. Based on Wikipedia informations (http://en.wikipedia.org/wiki/Oil_reserves, http://en.wikipedia.org/wiki/Iraq), one listing the oil assets equal to 180 bbl, another 143,1 bbl and total amount of dinars printed = 25 trillion (http://theiraqidinar.com/tag/revalue/), we get the following calculations (Iraq’s total assets I don’t know). a. (180 bbl x $75) : 25 trillion IQD = $0.54/IQD b (143,1 bbl x $75) : 25 trillion IQD = $ 0.43/IQD Conclusion: 1 IQD = $0.43-$0.54, when not considering the rest of Iraq’s assets and ignoring eventual higher oil prices (today 1 bbl = ca. $97). Unknown factor: How much of the 25 trillion IQD is in circulation. Political agenda: Iraq, as well as USA and another countries, holding lots of IQD themselves, ref. Bush, quote: “The war will pay for itself”, will most likely not accept a price of IQD being less valued than 1 IQD = 1 USD compared to their neighboring countries. To achieve that, the sufficient amount needed will be stored uncirculated in the Iraqi vaults, serving as a replacement or currency regulating asset. Hopefully we will see this being realized in the coming days/weeks.

This is the correct calculation 10 trillion IQD (1012) multiplied with rv-rate = $8.5 billion (109) rv-rate = $8.5 billion (109) : 10 trillion IQD (1012) rv-rate = $0.85/IQD x 10-3 rv-rate = $0.00085/IQD 1 IQD = $0.00085 Today´s rv rate at xe.com: 1.00 IQD = 0.000851064 USD So, quote : ”He stated that he expected to be Iraq’s budget in 2012, the largest about ten trillion dinars (8.5 billion dollars)” is fully in accordance with today’s rate, and this is thus no indication of the coming rv-rate - business as usual.

Regarding the RV value Here is my temporarily estimate: Calculation: Iraq’s total assets : the total number of dinars printed = $X/IQD. Based on Wikipedia informations (http://en.wikipedia.org/wiki/Oil_reserves, http://en.wikipedia.org/wiki/Iraq), one listing the oil assets equal to 180 bbl, another 143,1 bbl and total amount of dinars printed = 25 trillion (http://theiraqidinar.com/tag/revalue/), we get the following calculations (Iraq’s total assets I don’t know). a. (180 bbl x $75) : 25 trillion IQD = $0.54/IQD b (143,1 bbl x $75) : 25 trillion IQD = $ 0.43/IQD Conclusion: 1 IQD = $0.43-$0.54 when not considering the rest of Iraq´s assets and ignoring eventual higher oil prices (today 1 bbl = ca. $89). Unknown factor: How much of the 25 trillion IQD is in circulation. Political agenda: Iraq (as well as USA and another countries holding lots of IQD themselves, ref. Bush, quote: “The war will pay for itself”) will most likely not accept a price of IQD being less valued than 1 IQD = 1 USD compared to their neighboring countries. To achieve that, the sufficient amount needed will be stored uncirculated in the Iraqi vaults, serving as a replacement or currency regulating asset. Hopefully we will see this being realized in the coming days/weeks. Merry Christmas to all of you!

Also another source: “Iraq has 25 trillion dinars in circulation, officials say” http://en.wikipedia.org/wiki/Iraqi_dinar Who can verify the correct numbers?

Regarding the RV value 1 IQD =$4,20 Here is my temporarily estimate (ref. also posted previously by me 02/24/2010): Calculation: Iraq’s total assets : the total number of dinars printed = $X/IQD. Based on 2 different sources on the net gives this result: Total assets (I do not know), but the value of the oil reserves seem to be, ($75/barrel, net profit) $21 trillion. Result: $21 trillion : 43 trillion IQD = $0.49/IQD. This of course depends of the degree of political stability achieved. Does anyone know any estimate of the total assets figures? Then we will have a quite good RV of the dinar, given political stability.

Hi everybody. Regarding the RV: I personally have also invested in the dinars, of course hoping the best. But this is why I bought the dinars: The amount of printed dinars, at the printing time, had its counter weight in x billion US dollars deposited in an US-bank. Due to the very unstable political situation and scenario in Iraq, the country’s total values, which normally are what reflects a country’s currency value, would not be counted for, as it has been for other countries experiencing the same, as for instance Kuwait. This the currency issuers know/knew very well (read the USA). Thus when political stability occurs, they can cash in the dinars

Hi everybody. Regarding the RV: I personally have also invested in the dinars, of course hoping that Erroste