dinarvictory

There's a lot of arguing on this thread, and quite a bit of rudeness. It's probably been over a year since I've visited, I can't remember. But I genuinely didn't expect to see this site still running like this. It wasn't too long ago, most people on here understood the truth about the dinar, the "RV",and realistic expectations for the future of the currency, etc. I thought it was fairly accepted that this was more of a neat place for social activity amongst good friends, etc. It's rude to come in and berate the people who choose to have hope in something, there's nothing wrong with that. It's also wrong to promote this entirely unprecedented fabricated scenario for monetary gain. Further, it's rude to berate those who state the economically obvious, that there is no "RV" in the sense of a currency changing it's value to parity with another currency, while retaining a (then) void nominal/face value. The government has stated numerous times their exact intention, and there is a possibility for the currency to gain value at a point of reconstruction in monetary policy, but it will be slow, steady, and if very lucky, at a gain of 2% per year for a decent period of time. So, the main point is, everyone knows the reality of this. Those who are here enjoy the climate and the friends. If some are new to this, I hope they do their research before losing money on "buying" fees that they are highly unlikely to make back. Just enjoy the good people here, have positive discussion, but don't berate either side of the field. It ruins the environment of this forum.

It's probably been a year since I've been here; but I try to always tell the newcomers the truth, at whatever chance I get. Having previously been part of a dinar sales/rumor group - it's because there is no "news" regarding this. In truth, the plan has been established for a while, and no one wants to listen. The dinar will eventually be restructured; the value will at most adjust by approx. 15%, if that, and they may allow the currency's value to naturally 'float' or make adjustments of it's value based upon the economy. However; it is also very likely it will remain a pegged currency, and the initial ~15%, if that, gain will be all anyone ever sees (possibly not even making up for the money you overpaid on your actual dinar). As a dinar salesman, it's part of the job to create logins on every website and promote rumors - that quite honestly, we just made up on the spot. There were no facts behind them, we just did it to keep members active (we were also raking in ad revenue on our site) and to keep them purchasing. The worst part is - everyone who invested in dinar has lost on their investment (because you overpaid significantly for your dinar, for the most part); while other real investments could've made you substantial gains at this point. I feel bad mostly that after what, 8-10 years now, I'm still coming back and seeing the same exact false hopes and same exact rumors posts on these type forums. Anyways, say all you want after this; those who have been around a while know I'm good for my word, and blatantly honest; though I don't even recognize a lot of the usernames I see. I'm just helping out, as usual, as I've helped create so many of these fake rumors to drum up sales - the entire investment idea was drummed up on false pretenses to make a quick buck, based on certain other... 'investments' in the past. As always, if my profile still shows it, I have tons of info on how this started and how rumors/vendors work.

I don't post on here often, but like to set the record straight occasionally. An easy way to tell when someone has no idea what they're talking about is when they imply that Maliki has any power in actually changing the value of Iraq's currency. He doesn't. He can not 'do the RV.' I hope it is well understood that no one can just 'do the RV.' He is the Prime Minister and has little to no say at all in the entire matter of currency reform. Aside from that, it is not a 'flip-switch' scenario. Understand the complexity of actually changing the value of a currency, the cost of the project, the length of time required even for just removing 0's from the currency, while retaining the same actual value. Secondly, this is the 4th time I have heard a story of payment in small dinar notes; not saying it was fake or not - just demonstrating its lack of significance. Secondly, no one seems to be logically analyzing that information - if it is factual. The fact of the matter is that the same payment (quantitatively) was made, but in different notes. The only thing this would actually indicate is a shortage of notes. Withholding the notes would have no purpose, as the same quantity in currency has been delivered. If a 'revalue' was of concern, you do realize that the notes available would make no difference whatsoever, as the value of the currency would be applied across the board to all currency for likely trade-in? There is no logical way to derive any significance from this story, aside from a form of 'pumping' or 'non-news alteration.' You have to utilize false 'logic', and the 'guru mindset' in order to even begin to twist this into some kind of 'good news.' Just present the info to any economist who has no knowledge of Iraq, so there is no bias, and he will say '...okay. So, what?' as the story is indicative of absolutely nothing. It is okay to speculate, but filter out the garbage with intellectual discernment. I've said it a million times, research their history, how their current government works ('poorly' is an answer, but not exactly what I mean), and please study economics, monetary policy, etc. People tend to read things on here or from gurus, and use that information as a knowledge base, or as fact for later on. And it continues to build and build and build. After enough years, the logic used to debate others or analyze these bits of 'information' is literally a new form of logic that was completely developed by the 'Dinar Revalue Community' (of Guru's). It becomes a world of its own, with rules of its own, and logic of its own - that doesn't make sense whatsoever. Iraq is trying to restructure their currency - yes. Monetary reform is a priority. But read the facts about it - they are trying their best to stabilize, pay back foreign debts, they just bought $1.5 billion of gold this past month, etc; which makes them the 40th largest holder of gold. But their total reserves still aren't very high. They're trying, and they do face struggles, some of which have been appropriately discussed here - but don't think there will be a random switch at a split moment in time. You will know EXTREMELY WELL when something real is about to happen. It will not be a secret, and it will take significant time and preparation. End Rant. I won't be on here to reply for probably another month, but hopefully some actually look into these things. Any questions, just message me, and I'll try to get back to them soon. And again, if you'd like to read about my time as a pumper, it should still be on my profile as replies to another person who asked me those questions a while back.

A good, yet sobering, reminder to keep on hand; pumpers and sellers were the ones who originated the entire "RV" scenario in the first place. What Iraq has been stating in their press releases is exactly what every country throughout modern history has done with their currencies when either restructuring or coming from inflation - some even hyperinflation. The 'lower-denomination' notes will not matter. If 25,000 is simply restructured as 25, then 50 will be restructured as 0.05; some people, for some unexplainable reason, feel that the paper notes control the currency's market and value. The number you see on the paper note literally is just a reflection of the current exchange rate; nothing else. The entire 'lower denom' rumor was also started by pumpers/sellers; and I would know all about that one first-hand. It essentially created an entirely new market for those fearing their current investment could become nothing. No one may 'know' exactly how this will play out. But, several individuals do know the most likely and the only possible outcomes. The most likely of which, is that the currency will 'remove the 0's' as many like to say, and the exchange rate will be simplified for ease of use and transfer. With reserves now allowing for a ~2.5x upward valuation, the currency will literally adjust it's value (paired to the USD according to USD holdings) to ~2.5x it's current standing. Yes, that's correct. It is actually possible and likely that the IQD can bring you over double your initial investment. And I don't know anyone who wouldn't be ecstatic with such an incredible ROI. *Just as a side note; please realize/remember, that Iraq would have to increase their entire current reserves by 44 times : just to cover/support 10% of the currency at a value of 1 IQD to 1 USD.

For clarification to many of those who have come to slightly misleading conclusions based upon this article: 1. ~$29 billion USD (33 trillion IQD) is the entire 'in-circulation' currency value of the IQD. 2. $80 billion in reserves is nearly 2.5x the current USD value of the IQD in circulation. 3. This could, theoretically, allow for the currency to increase to 2.5x it's current USD value (NOT to $2.50 USD value). 4. This would result in the dinar being 'covered' at a new rate of ~$0.002 per IQD; as opposed to the current value of ~$0.0009. 5. This would, to real investors, be a phenomenal gain and definitely worth the investment. However, those hoping for a 1,000,000% return on investment, would be terribly disappointed.

At a $1 value, they would actually only have ~0.003% of reserve coverage, NOT 300%. The math really isn't that difficult; and it completely disproves some of these nonsensical theories fairly easily. However; what is being described above is in fact lopping the dinar; THEN you end up with 200-300% of reserve coverage; which technically changes nothing except ease of transfer.

Actually; I stated that it did "reinstate, but not a magical gain in value". The street value was a complete varied figure; plummeting only for the select few who sold off their KWD at the low price they determined was the most they would probably get. This is not a devaluation. Very few people made money on the KWD; because very few people in-country actually purchased the KWD from others. IQD is not even comparable. IQD is at an official, determined rate - has been for years. They are not currently under a different country's rule, using their currency. (In which case the IQD can't be re-instated in the literal sense, because it is still the official currency with an officially determined value.) There are several things that caused the IQD to ACTUALLY devalue. Iraq was piling on debt and driving inflation (post-sanctions) from the mid 90's to early 00's. When re-assessed in comparison to other currencies, the IQD fell sharply. This is what naturally happens when you're pushing inflation rates over 50% year after year. Drastically different from a currency in which people lost faith, and some sold it off for cheap thinking it would be worthless (though the value never actually changed). The KWD's value was never re-instated; the KWD was re-instated as the nation's currency, post-invasion.

Completely false. I've posted about this several times. In fact, I'll just copy paste one of my old posts. "Well, it reinstated, but not a "magical gain value RI". The Kuwait RV/Reinstated rumors were made up (based on a very uncommon occurrence; though there was a kind of reinstation) to pump dinar sales. As an old pumper, I can say we used this false info numerous times to "comfort" investors. Nothing technically happened to the Kuwaiti Dinar. The Kuwaiti Dinar was in an unstable environment, due to the invasion by Iraq. The Kuwaiti dinar was essentially tossed aside, as they were to use Iraq's currency. This caused panic and several individuals lost faith in the revival of their old dinar. Some individuals actually sold their dinar at a U.S. rate of as low as $0.10, fearing that they would soon have nothing anyways. However, their Dinar did not lose it's value and upon liberation was once again the national currency. It was at the same exact value, but new bills were to be issued. During this, they could exchange their old bills for new, equal valued, bills. This was never an actual rate change. The Dinar never lost its value as many feared; remaining in the $3 range with only minor fluctuations. If you want proof, just pull up historical currency charts. That's the actual Kuwaiti Dinar story. There was no massive RV/RI like many "preach". Just a distortion of the facts/ rumor used to get some to invest. Ask anyone who was actually around at that time; they'll tell you the same thing..."

I don't understand how people come here everyday, and still don't know the full possibilities of this investment. I haven't logged in for months, but I try to come every once in a while and help people understand. Please read my profile for how this actually works, where the entire scenario of an "RV" started, I'll give a brief hint (a dinar salesman like I once was), what the maximum profit will be, and how exactly it will come about. Not a single thing has changed since the last time I visited this place. Please understand how it works, read my page, as my "giving back" for what I caused many individuals in this "dinar investment."

For those who started the rumors a long time ago; obviously they do not believe in a massive RV. Many people don't seem to understand how the dinar will end up being an investment. The rumors that started over 7 years ago that a "magical RV would make everyone millions" was a previously used method to sell one's own currency. It has been used far wider than just the dinar - some currency salesmen called them RV's, RI's, Restructures, Recoining, Reverse-inflating, etc. It's been done with peso's, zimbabwe's currency, and several other hyperinflated currencies (which the dinar is - as it's nominal value is more than 1 of it's base unit; which at one point was equivalent to 1). It came along once the internet began to thrive. They could sell their own currency for 10-25% more than what it was worth. All they had to pay for was shipping. It's like you charging people in Finland $1.50 for every dollar; simply because they can't get ahold of it directly. They must use a trader, or third party. Those who sell it now either - bought it from a third party cheap a while back, and are taking their profits (one way in which the dinar is an actual investment), buy it third party and further upcharge, or get it directly and upcharge, making pure profit with no work. The company I worked as a "pumper" for did the latter of the three. They charged anywhere from 12-25% more than the value + shipping. So it was REALLY all profit. All the while I sent out rumors to Med, and various other sites/gurus; they introduced the rumor, we increased sales tremendously. No other currency has been as successful in this as the dinar has, but in case you were wondering one point of view from someone who was a part of it, there you go. Some may sell it to make a little, some may make a lot. Everyone has their reasons - but every reason is backed by financial sub-reasons. If you want more info on the dinar as an actual investment, just read my profile on this site. It has my story and a lot of good info; my way of making things better for what I used to do. I don't come here often - once a month or less to help out; so hopefully my profile will answer any more questions you have.

SemichDave is very accurate - I'll elaborate a bit. Well, it reinstated, but not a "magical gain value RI". The Kuwait RV/Reinstated rumors were made up (based on a very uncommon occurrence; though there was a kind of reinstation) to pump dinar sales. As an old pumper, I can say we used this false info numerous times to "comfort" investors. Nothing technically happened to the Kuwaiti Dinar. The Kuwaiti Dinar was in an unstable environment, due to the invasion by Iraq. The Kuwaiti dinar was essentially tossed aside, as they were to use Iraq's currency. This caused panic and several individuals lost faith in the revival of their old dinar. Some individuals actually sold their dinar at a U.S. rate of as low as $0.10, fearing that they would soon have nothing anyways. However, their Dinar did not lose it's value and upon liberation was once again the national currency. It was at the same exact value, but new bills were to be issued. During this, they could exchange their old bills for new, equal valued, bills. This was never an actual rate change. The Dinar never lost its value as many feared; remaining in the $3 range with only minor fluctuations. If you want proof, just pull up historical currency charts. That's the actual Kuwaiti Dinar story. There was no massive RV/RI like many "preach". Just a distortion of the facts/ rumor used to get some to invest. Ask anyone who was actually around at that time; they'll tell you the same thing. And HappySteel is also correct; this won't happen the way most think. And you will likely have a great return on the investment; but not a magical return. Study economic policy, inflation, revaluation, and re-denominations of currencies. Paired with Iraq's history, you'll get a great idea of how you will actually gain money off of this investment. Possibly a 33%-60% gain if we're fairly lucky. That beats just about every other investment on earth. It would certainly make me happy. After doing a good amount of research - OUTSIDE OF THESE DINAR SITES (do real research. Not economists' predictions, guru predictions, etc. Go out and study real economics, monetary policy, etc.) you'll know exactly what to expect from this investment. Hope this helps. It'll also get you off of these sites. Some people check this everyday, because they don't understand what is going on and think there will be a magic "100,000,000x change in the currency". Once you understand it, you may come here once a month to give others info, or just to check up on friends.

You are spot on in a few ways. When I worked for Arc as a "pumper", we laughed hysterically at many people on these sites. And actually, some of these "gurus" know a lot more than you think. (Just not in the way you think.) Trust me, I don't visit this site daily. I come on occasionally, as a favor, to debunk stupid rumors. If an "rv" like these people preached happened it'd be front page of yahoo news. You don't need to check these sites everyday; you just increase the sites revenue. They've been saying it's closer than ever for well over 5 years. There have been dates and rates for over 5 years. And you are exactly correct when you say look at this as a REAL investment. Real investments gradually increase; whether it's due to a strengthening of their economy, deregulation, or even devaluation of competing currencies. This dramatic "RV" they speak of is entirely ridiculous, and if you've ever been in Iraq for long periods of time, you would know that an "RV" isn't even discussed by those in the businesses that are keeping that country alive right now. The truth is, many currently hope that the dinar will be re-denominated and it will cause a drastic ease in transactions. This (in an ideal scenario) will stimulate spending and trading of this currency, as it is no longer fractional. If allowed to be determined by the market, the dinar is hoped to increase from anywhere between 50%-100% within 3 years of the re-denomination. THAT is what real economists have discussed, and this is what the government is hoping to do. I own exactly 250,000 dinar; and simply don't have enough to treat this as a real investment. The bottom line is, those who own hundreds of million will probably see substantial profit in the next 5 years - it will serve as a good and possibly great investment, making up to 10x what they put in. Those who own as much as me will have a good souvenir more than likely. I worked for a dinar trading company and only ever bought 250,000. I know for a fact that my boss didn't keep a single dinar-note for himself. All he cared about was euros/usd. So if you want some firsthand "intel" there's my tip. I'm not trying to discourage anyone, but seriously, those who spend every minute of their life on here are wasting their lives. Do something enjoyable, enjoy your friends and family. If this massive "RV" did happen, you wouldn't need to check these sites to find out anyways. You'd know immediately on the news/from a friend. I still feel awful seeing what we caused some people to do. I literally found out people were quitting their jobs because of our rumors. Yes LITERALLY quitting their jobs. Try having that on your conscience - having someone lose their income because of stupid rumors that pay me less than 10k a year. That's about when I was fired as well.

And since I don't get on here extremely often, just send a message if you have any other questions and I'll try to write back within a week or so.

To you and Ngo, click on my profile on this site and you can read a lot about what I used to do. (*I'm adding this incase you haven't read my profile - USED TO is key. I'm not a "pumper" anymore. I've actually helped give immediate debunking to many rumors, check my posts. When someone says something happened "in iraq", I can usually check that within 1 day-2weeks. I consider it my way of trying to make up for the crap we pulled.) And I've told everyone this before. Yet Ngo's comments are asking if I have the guts to man up to it? I've had it all posted on my profile forever. After you read it, I'll be glad to answer any questions. As for my real employer? I do contracted work for ADNOC. If you were wondering the dinar site I worked for, if you ever ordered from ArcMoney on eBay, then now you know. We pretty much did fantastic on sales from 2006-2008, but went under for reasons unknown to me around February of last year. (By the way, if you didn't receive orders or anything like that, that has nothing to do with me.) Basically, I was paid $20 per million dinar that was sold. We sold from $900-1,000 per million. The company made about $200 per million sold, after giving us our $20 a piece. Me and three others were simply "pumpers" as you would say. We'd create three or four accounts on whatever sites we could and just go for it. I didn't get rich off of it, but it was an extra $8k a year for a few years. Like I said, my profile has a lot more info if you want it. Oh, and if you're reading my profile comments, remember - read from bottom to top or it will make no sense, lol.

First off, Okie sounds like an idiot. Does he not know what happened in Kuwait at all? There was no "RV" like he is talking about. There was fear of the currency becoming worthless, and on the streets it sold for roughly $0.10 per dinar. Then, when it all settled down and was straightened out, the rate remained the same and never even changed. Very few people made money off of this, because you could never buy Kuwaiti Dinar at any actual locations for a cheap price. Second, as of Wednesday, there is not even much talk about this in Iraq. No one I spoke with even brought up the subject, and I only heard about "re-denomination" once on tv. I know for a fact it's not "showing on screens" in Iraq as well. Sheesh. Even when I was paid to spread rumors, we were told not to go as far as to give exact dates, or even narrow timeframes. (Since that could ruin credibility and cause a decrease in purchases). Seriously, this Okie guy will not have the last laugh. I will 100% guarantee it. If you don't believe me, speak to someone else who is contracting work in Iraq. We are usually a little more in the know when it comes to anything money related as we deal with the banks quite often.