Mike12570

Nice to hear that you pulled thru your health issue....that is the best price on earth At the latest CBI website there is 72.5 trillion IQD in circulation as of Dec 6, 2012. The good sign is that they managed to retire/put away 1 trillion IQD a week since Nov 1st, 2012. That is impressive. The gold reserve is creeping tho. But it's on the plus side. I think Iraq is on her way to recovery. It will take time. Have to wait and see. Here is the CBI website FYI. http://www.cbi.iq/documents/key%20financial.xls

CAZ...you are very smart ( I mean it). Are you TerryK or Okie? Make me wonder LOL. If we keep on going you will bring in the drug dealers to road kills...ect. My point is...it's not about you or me but rather to help the new comers who will get screw. I know it's their lives but for someone like me, I am not only having love toward a human being but I am deeply sypathy toward animals as well. I would love having you on my side tho...may god bless you.

CAZ,,,,you have posted thousands of comment and I have to partially disagree to what you analized. There is a limitation to everything on earth to what and the level of extent you can say. A rumor is not necassary means that you can lie to people and feel good about it. I do not have much issue to what the gurus saying other than the dinar will be duble digits and VND is 2+. Now lots of ppl r in financial crisises. Therefore Gurur give them hopes and let down over and over again. There are new investors go throu the saame cycle. I hate seeing ppl suffer. I believe there r honest gurus that want the best for us. But one bad apple spoils the whole tree.

IMO he probably has gone. I remember the mother king of thailand was sick and passed away in a local hospital. They're news that she was dead. Someone in the upper official came on live TV, radio saying that she was still alive and recovering. Day later before a speaker of the king came on live TV comfirming her death and having the country moan for the lost. There gotta be a rep for such an official drum. I believe that he must has passed away. It was sad, but that's how life go.

That would be a good ? for Adam

The more I read about how a currency transpires in a country the more I feel that the 1000 folds IQD RV is unacheivable let alone VND. I got into this without doing much research. When it comes to love and money you will jump the gun and pay for later. It's nice to have day dream but it's more like you're saying that you were loved and always come to an empty house. One day you're in tears refuse to aknowlegde tha you're crying. I am upto my top wondering if I should turn my back on Dinar. All I want is double my primciple and I know it's going take time and I think it's possible thought nothing is concrete. One thing worry me is that the more they restrict the USD coming into Iraq the higher the USD street rate gonna be. Now that Tampa is selling 950/mil...HM......

Dong is not an acceptable wolrdwide curency. Lots of other currencies that are not available to buy thru any mean in the US. VND is not available thru any of its neigbor countries. Like Thailand, China or Myanmar ever since I can remember so it's not surprise you can not get them in the US. It does not mean that the dong RV is coming IMO. Again anything is possible. I saw a magician pulls rabits out of a hat lol....have a good weekend.

That's good point. Lots of people are none investers. It's funny when gurus say that the dong is going to be hm.... .48-1 dong per 1USD. Zeee most people in vietnam own more than 1mil dong not to mention of those having 100mil+ dong. When the dong RV, per gurus, .40-1 dong per USD, we US citizen will be on our knee to learn vietnam. To go over to drive for them, clean their toilets. bcoz they're all rich. Vietnam will be the richest country in the world.

They use Chinese yuan, Thai bath and USD for more xpensive items and at home saving. Do not get the wrong idea that they don't want dong at all. Of course buying an ice creram or a bowl of noodle Dong is the way to go. But if you go to buy a TV or stove they'll price the item in chinese yuav or usd and even Thai bath. Well I do respect your opinion. After all it's your $. We are here just share what we think, see and observe. One thing I can assure you that you will never see .48 dong per USD in your life time as if the USD still worth of as today. In 10-15 years u might get a return of 2-3x. Just my 2sense

Vietnam has tried hard to recover just like any other country. There is no way the dragon can do anything to help pull Vietnam out of the whole. It's not Vietnam but it's global world economy that tumble. VND is going to dip even deeper. Now that vietnamese people do not want the DONG any more. Vietnamese bank do offer foreign currencies in their Banking systems sepecially saving and CD. For the general publics that do have enough to open a banking acct they pocket their home savings in US green. I had been in Vietnam and personally know lots of people from all feilds. Banking, Goverment, police to farmers. I was in Vietnam to observe in 1st hand to see if the Dong will eventually RVable in the near future...no not any time soon. Yes I came home with 1mil Dong. Do not trust those behind your monitor saying that the Dong is showing .47-.48 US cent per Dong. The truth is that it was too many zero so the bank just take the zero out only. Like .000047, the bank takes the zero out to fit the screen so it shoes .47 Just like the Dinar, when Iraqi want to sell a car for 10,000,000 dinars, they simply post 10k dinar. Obsolete the zeros. May god bless everyone, take care of your love one and be nice to a stranger.

AND VND will never RV regardless what intels says. VND will never RV like those GURU been saying. NEVERRRRRRRR....if you are in for the long run...hm...10-15 years, you might double you original......might They do have enough DONG to pave the entire country(vietnam)...So RVing at .48 US cents per DONG?....people are crazyyyyyy. You go to any port of entrance to Vietnam at this minute, there are tones i meant TONES of Dong stacking for exchange at a lower rate than the Bank. Bottom line .... DO NOT TAKE A 2ND MORTGAE TO BUY DONG...just my 2cents.

I just can't see how this RV works out. LETS hear from the real money expert. Joe's car broke down, will cost joe 1,000,000 Dinar to fix it. He has no money Joe go to his friend Jack, he got 1,000,000 from Jack. He promise to pay back by the end of the month since Joe is making 200,000 dinar a day pumping oil Now the RV happen over night to 1000 fold per USD.....and Joe only make 200 dinar a day now. Jack wants his 1,000,000 dinar back...not USD...Iraqi Dinar....Jack gave Joe 40 of the 25000 Iraqi bank notes. If Joe would have not gone to Jack for the money Jack would have been a real millionair......HELP....Jack's wife is killing JACK IMO......over night RV will never happen The value will gradually goes up to give people a chance to catch up to...there is no silver bullet whatsoever. Your input is appreciated.

I am sure there are 1000s out there feel the same. Without doing much research I thought this is once in a life time deal. The only chance one could become an instant millionaire over night. As time passes by, My big house dream turns into an average house. Now I better keep what I have and taking a very good care of it...this is what I have had and this is it....no blue moon...we've been lied to...the same color. My gut feeling says that there is no RV (I know its ez to say), but 3-5x our original is almost 100% guaranty in my part. and Adam at one point said that the 3x return from this investment is muchhhhh beter than his 401k I just can not see how Iraq worths 100 trillions us dollars as of now. Iraq is not worth 2-3 time more than entire currencies in the world in combination...impossible Its a big let down but....WE STILL GOING TO GET OUR 3-5X OUR PRIMCIPLE WHICH IS GREAT. When? May god bless you all and have a good weekend.

LOP=100% 20-30Trillions DINAR in circulations. RV at 3:1, Iraqi will value her currency more than all the money in the entire universe combine. For economic stand point it will never happen (don't even bring god into this math). USA has about 1trillion currency in circulations as of today. My take. LOP at 1000:1 and thereafter RV at 3-4:1 does make sense. So a return of 3-4 fold...NOT BAD

Lets talk.....hmmmmmm....I like that We all spec that there are 20-30 trillion Dinar flying around. Some of 7-10 trillion was out off Iraq. With 7-10 trillion worth of USD, how is Iraq going compensate that? I like at least some logical number to balance my banking acct....I would like to see yours. USA has less than 1 trillion dollars currency in circulation. Do not bring in a possitive thinking or GOD. I am open to logical theories, possibility and probable cause, but not a wishful thinking. NOW why am I here?..........I still think in the long run we will gain 3-5 times. For those that PUMP or into VND, you can kiss that one good bye folks. It will not happen (RV) in your life time.

Hmmm....who is "they" that you refering to?? CBI? I guess not Those millions of US dollar that those banks have been buying dinar from CBI's auction is in the country of IRAQ already. Maybe from the sale of oil. If CBI does not want the USD that were on the hand of the BANKS or indivisuals in IRAQ, and if RV 1000+ fold. Yep some body is gonna get hurt. If i know RV is on horizone no body want the USD, but those billions of USD in Iraq have to be in some body's hand....think about it. CBI auction (selling dinar) has nothing to do with RV. Maybe 1-3 days shut down does make sense.......GO.....RRRRR......VVVVVVV

jonjon seems like math is not your strongest sudject in school...LOL 1:1 RV, 10 trillion dinar= $10 trillion (USD) >>>> 10,000,000,000,000. Trillion has twelve zeros 10,000,000,000,000 / $120 = 83.3 Billion barrels of oil 83.3 Billions / 2 mil = 41,667 days 41667 / 365 = 114 years 3:1 RV 114 years x 3 = 342 years I doubt Iraq will profit $120 per barrel, more like $60-70 that even stretch to 600-700 years to pay off. OMG

LOGIC.....LOGIC>>>>LOGIC.......so what is the best answer you got? GOI going to RV coz:::::: 1. To restore wealth for the people of IRAQ? 2. To meet the 2012-2013 BUDGET? For a LOGICAL point, may I ask you this::: If you are the PM of Iraq, are you going to RV your currency so your coubtry will owes others' countries 30-40 trillions (worth of usd)? The answer is no if you are a logical PM. It will be over your dead body. Iraqi people do not hold on IQD, they possess USD. RV IQD will bomb the IRAQI people one more time (their faults anyway for holding USD) With my added LOGIC per say, why am I here? I got pump without doing much research. Yes I invest more than I should. AND I won't sell. IS it gonna RV? I can assure you that the answer is a big......YES It's going to LOP thru the new IQD and RV to somewhere along tthe KWD IMHO. Not bad for 3x return ****A final dream LOGIC....you will do anything if someone's holding a gun to the head your loved one.....this is our only gun point dream of seeing 1000-3000x return. Remember USA is powerefull****

Something to read folks. All of his oppinions of course. HOPE IT"S not been posted. ----------------------------------- Steve Enorrste update 4-9-12 WHERE WE ARE AS OF APRIL 9, 2012 - THE POLITICAL CRISIS AND SHABIBI'S CHOICES As many of you may be aware I gave an analysis of the situation on March 27 in which I speculated that Shabibi would be forced to pull the trigger on the RV by the end of April. I wrote that before the most recent events occurred and would like to revise my feelings on the matter with this post. There are two significant issues that have impacted my thinking since the last post. The first is the recent movement toward a “no confidence” vote against Maliki, with the attempt being to remove him from office. The second is the dispute over the CBI and to whom it is supposed to report for approval on the RV. I will address each of these matters in turn, after which I will give my current view on the RV in terms of potential timing. It is now clear that there is a ground swell of concern about the increasing accumulation of power by Maliki. Most recently he has attempted to take over the CBI by having Shabibi fired. This, added to the fact that he still is running the Defense, Security, Interior, and Intelligence Ministries by himself, has now brought several of the opposition groups to the point where they are now openly talking about attempting to remove Maliki from power. From Maliki’s point of view, he has called all of this talk a “whirlwind”, apparently implying that it will all blow over and that he will survive whatever attempts may follow to remove him. On the other hand, there is increasing pressure mounting from the opposition. In particular, Iraqiya has announced publicly that it is fervently attempting to come up with the 163 votes necessary to vote “no confidence” in Maliki which would remove him from his position as Prime Minister. In addition, Mr. Barzani was bold enough to discuss the removal of Maliki openly to the press from Washington, D.C., where he was meeting with Vice President Biden. He was so bold that he claimed outright that Maliki was attempting to become a dictator just as Saddam Hussein had done in the last decade. Added to this, however, is a statement from the National Alliance faction. This group, you may recall, had joined with the State of Law (Maliki’s party) to form a super alliance that gave him enough votes to win the election in March of 2010, even though he did not have even a plurality of votes (Allawi of the Iraqiya List actually had more votes than did Maliki). The National Alliance has called for a change in the Prime Ministership but has not gone so far as to call for a new election. Presumably they would prefer Maliki to step down in favor of another Shiite from within the State of Law/National Alliance coalition. In any case, it seems to me that these opposition groups are almost in a position to obtain the 163 votes necessary to oust Maliki. Iraqiya has 91 votes, the Kurds have about 43 votes, and the National Alliance has about 50 votes, as I recall If they all banded together, then Maliki would potentially be voted out of office. I believe that Iraqiya and the Kurds are prepared to act on the “no confidence” vote, but I don’t think they will act until they are convinced that the National Alliance will go along with them. The last thing they would want is to call for a vote and have Maliki squeak out a victory! Therefore, I suspect that it will be at least a week or two before this comes to a head. It will take this long for the various factions to discuss the matter privately among themselves and come to a consensus. The main reason that the National Conference was not held was because they could not even agree on the agenda of the conference. In addition, even if they had agreed on the agenda (Allawi tried to set it at least once) there was no indication from Talibani’s point of view that the Conference would be successful. Therefore it was postponed indefinitely. I also read that if it had been held there was a good chance that Maliki himself would have boycotted the Conference. Obviously that would not have been productive, to say the least. My opinion is that the situation is therefore tenuous, at best. Maliki is as intransigent as ever. In addition, he has a tremendous amount of power accumulated and will be difficult to remove, even if the “no confidence” vote is made and is successful. I do not believe that this will lead to civil war, however, in spite of the fact that Barzani clearly made the statement that this is a crisis for the country. I say this because I believe that Maliki has deservedly earned the disgust of the majority of the people of the country. I believe that he will not be able to retain the allegiance of the army, given the supposition that the opposition would be up to ¾ of the parliament. It seems to me, then, that when “push comes to shove” Maliki would be forced to step down. There is some evidence that he would be arrested for war crimes in that scenario. However, it may be premature to talk about a “no confidence” vote. After all, this politician Maliki has been around for a long time, and there is no evidence whatsoever that he will just lie down and give up. This is the import of his words calling all of this brouhaha a “whirlwind,” in my opinion. The question then is this: just how will he manage to defuse this political crisis? This question becomes all the more imposing when we recognize, again, the simple fact that Maliki does NOT compromise. From an outsider’s point of view it would appear that this is a crisis that could collapse the democratic process in Iraq. It is my opinion, and I agree with Kaperoni on this, that both the United States administration and the UN (Ban Ki-Moon in particular) are deeply desirous that the “experiment” in democracy in Iraq be maintained, if even only as a shell of a real democracy. Therefore, I believe that external pressure will increase on Maliki. Evidence of this seems clear in that Barzani was invited to visit with Biden and did not mince his words when the meeting was over. In addition, Barzani is now in Europe having meetings with other leaders there as well. It seems obvious to me that he is attempting to build a ground swell of support from outside the country at the same time that Allawi and Talabani are working for a similar ground swell from within the country. The outcome of this crisis is yet to be determined. I will speculate on some possible outcome scenarios after I discuss the issue of Shabibi. Mr. Shabibi is a very talented and capable head of the CBI. He has attempted to walk a tightrope with the Maliki administration for nearly 2 years now. It seems clear to both Kaperoni and myself that he has been ready to revalue the dinar for several months now. He has delayed doing so primarily, in my opinion, because of the crisis in the failure of the GOI to get finally formed. In other words, he has been waiting on Maliki, thereby giving Maliki the practical “keys” to the RV. Maliki, as I have stated before, has his own agenda. I have always believed that he has withheld the RV as a “quid pro quo” for getting release from Chapter VII from the United Nations. I was quite honestly surprised that he did not accomplish this goal when he went to Kuwait. He signed a number of documents that gave the appearance of a significant compromise. After thinking about this further, however, I’ve come to the conclusion that there was no significant compromise on his part. Instead, he cut a deal with the Kuwaitis that had already been agreed to some months prior. In this case, they just decided to put it all on paper. You may recall that Kuwait has been in favor of getting Iraq out from Chapter VII for some time now, so the “show” that Maliki made by going to Kuwait was not groundbreaking. It was just a formalizing of their own previously held positions, in my opinion. In other words, Maliki did not change. We must now ask ourselves if Maliki was ever ready to allow the RV. At this point I do not believe he ever gave Shabibi the authority to do so. Had he done so he would not be having to justify his current position and the Cabinet would not have sent him a letter stating that he needed their approval. This situation is getting complex, just as the Maliki power grab is complex. We have Shabibi firmly convinced that he has the authority from within the CBI laws alone to act on matters of monetary policy. Admittedly he believes that he is obligated to report to both Parliament and to the Government, but he does not believe that he has to have their approval, or he believes he already has it. For our concern it doesn’t matter which is correct; what matters is that Shabibi feels he is right. The Parliament is on record stating two things: first, they claim that the CBI should correctly be reporting to THEM and not to the Government. That statement was made recently. However, in addition to that statement a second statement was made by a key member of parliament. That statement quite clearly said that the Government should leave the CBI alone and allow it to continue to formulate and enact monetary policy. Furthermore, the Parliament is on record now stating that it FAVORS the actions of the CBI during the last few years and is impressed at the consistency of the CBI in controlling inflation and handling monetary policy. All of this sounds great, but unfortunately there is another shoe to fall. On January 18 of this year the Supreme Court stepped into the fray and stated that the CBI reports to the Government. It was quite clear in its interpretation of Section IV, article 110, paragraph 3 of the Constitution. It specifically stated that the CBI was not autonomous. Here is the statement: “The Federal Supreme Court issued a decision in January 18 this provides a link independent bodies referred to in the Iraqi constitution, including the Central Bank under the chairmanship of Prime Minister directly, not under the chairmanship of the House of Representatives, and the decision came at the request to show a link bodies of Cabinet Office submitted to the Federal Court in second week of December last year. “ http://translate.googleusercontent.com/translate_c?hl=en&ie=UTF-8&sl=ar&tl=en&u=http://www.alsumarianews.com/ar/1/16445/news-details-.html&prev=_t&rurl=translate.google.com&usg=ALkJrhga9SQCMlQAADO_OutPAcnD6jWn7g Furthermore, a federal judge reiterated that position in a letter sent directly to the CBI just last week. We know from past experience that Maliki has the Supreme Court in his back pocket, so we shouldn’t be surprised at these statements made by this body. However, in my reading of the Constitution it seems to me that the Supreme Court is actually right on this matter, in spite of what the by-laws of the CBI state. In other words, according to the Constitution of Iraq the CBI is NOT like our Federal Reserve in this matter. Whether my opinion is correct or not is not significant. What IS significant is how it is handled in Iraq. IF Mr. Shabibi acts on his belief that he is autonomous, he could be arrested or charged in some manner. Assuming that he acted by revaluing the currency, it is possible that the Supreme Court could immediately vacate his decision, based upon their previous warning of January 18. Therefore, it is unlikely that Shabibi will act on his own, in my opinion. It is possible that he could go to Parliament and obtain a resolution from that body that would authorize the RV. However, given the Supreme Court’s ruling, it is not clear to me that this would be sufficient to protect Shabibi, or the RV. Therefore, it is my opinion that Shabibi will have to work with the Government in some manner to affect the RV. This means, ultimately, that he will have to obtain approval from Maliki. Having said that, we are now back to Maliki alone. Given his current political crisis problems I suspect that the RV is NOT high on his list of priorities. Therefore I doubt that we will see any action on the RV unless and until the political crisis is resolved. This brings me back to the crisis itself and the opposition’s attempt to vote Maliki out of office. I believe that our focus should be directed at this crisis from this point forward. If the vote is unsuccessful then we would look toward the release from Chapter VII as our next key date, after which we MIGHT see an RV. If, on the other hand, the “no confidence” vote is successful, then we will have to see how the removal of Maliki is affected, and the timing of the same. Assuming the most positive scenario, Maliki would be forced from office in short order. In that case some form of political process would have to be implemented to replace him. This would probably mean that new elections would be scheduled and that would mean at least a 4 to 6 week delay. In the interim, however, it is possible that a National Conference could be held in which Talabani could be named the interim leader of the country. Given that scenario it is likely that Shabibi would attempt to work closely with Talabani to get the RV done. It is my opinion that Talabani would agree to the RV because of the positive affect that it would have on the economy and the good will of the people. All of this speculation is based upon a series of assumptions, any one of which could derail the entire thing. Therefore, rather than speculating on a next possible date for the RV it is my opinion that we should concentrate our energy on seeing how the political crisis unfolds. I do NOT believe Shabibi will act prior to a resolution of this crisis. I hope that my views have helped some of you and that your patience, like mine, will be extended somewhat. Steve

If Shab is out is it good or bad for RV (only RV that I am talking about not to disrespect the Iraqi Country) Shab has a very big responsibility for the BANKING system while Malilki has a different Agenda Think about this....Shab or Malilki was the one who is more specific or more in general when it comes to raising the IQD against the USD Raising the IQD currency values and deleting 000 are not the same...so who said what? Who is more likely the holder of the key to push the botton now if want to? Now THINKING about it......... Who wants RV and who wants the IQD stabilize? 1:1 RV is a big load for a small boat and who said that? Have a good day and may god bless every one

OMG...there we go again This investment reminds me of the "never ending story"

Ok... let me insert my take on this issue Just looking at the surface of the currency, is it faire to say that why a Lamborghini Cost $350,000 and a Yaris cost only $15,000? Berkshire Hathaway worth $100,000/ share while Delta only $10/share? Just these 2 figures will blow an uneducated Joe off the roof. Nuff talk. Lets do some math here. IMO only no concrete backup of course. Iraqi oil reserve is 360 billion barrels (http://en.wikipedia.org/wiki/Oil_reserves) Let’s just do the math base on oil alone. 360 billion x $100 = $36000Billion (36 trillion us dollars) $36trillion usd worth of oil / 30trillion dinar = 1.20 therefore 1 Iraqi dinar = $1.20 US dollar or $1 USD = .8333 dinar FOR oils alone. SO 1:1 IS NOT IMPOSSIBLE IMO PEACE

He just another liar Liar is not Rumor Lots of puppet GURU in here will get away with lying by the name of rumor. That is what I dont understand. I understand why so many Dinarians are so mad at those so call GURU. Coz they have been lied to for 7-8 years and were upto their throats.

You need to RELAX PACO

At least we have someone generous enough to think of others...What have you done to help a stranger? Dont even compare notes with me. For the people of Iraq, we should not have even gone there in first place. I am against it, but my son is in Iraq...go figure. My desire? Give me 100 trillions and I will take it without having 1 sec thought. My quitting coming here after the 15th having issue with you? Do I aspect $10,000 or more in return from my $1000 investment in this currency? Yes I aspect a RV of a dime or more and I am sure I am not alone here.