Popular Post VIZIOIRAQI Posted May 15, 2013 Popular Post Report Share Posted May 15, 2013 [Adam Montana] Morning everyone! Sorry for the delay, my phone is ringing off the hook this morning[Adam Montana] I've turned off the ringer so I can get through this chat [Adam Montana] good morning Linda. Please no more typing from the room, I have some content to cover and then I will open the room back up [Adam Montana] The biggest issue we all have to keep in mind right now... Ramadan. Just as a reminder, it starts around July 9 and goes for about a month[Adam Montana] I say "about"[Adam Montana] " because the exact dates can vary depending on where you are in the Middle East, and they never seem to do anything on the exact date they advertise [Adam Montana] NOTHING big happens during Ramadan... but since there is still 6 weeks left before that starts, we still have time to see a change before then. Which brings me to my second point... "change". The value of the Dinar has been unsteady over the last couple weeks, and as a result we are seeing a lot of articles about that. Doug, can you please post Albundy's question into the chat now?[Doug_W] ALBUNDY … there are news about Talabani being replaced because of his health condition , is it good news or bad news and is talabani on our side for RV Mr. Adam montana? Furthermore, there are conflicting news about Maliki's health condition and the news about maliki running for a election. If I say if Maliki really win the election for a third term, is maliki on our side for RV Mr. Adam montana? which one is in our favor between maliki win or lose the election Mr. Adam montana? Thank you very much for your immediate attention and taking your precious time to read and elaborate them for us Mr. Adam Montana. “Qusay al-Suhail emphasizes the need …. deal with the fluctuation of the exchange rate of the dinar against the dollar” “The Parliamentary Committee on the economy calls for quick measures to halt the rise in the dollar exchange rate.” “Mass citizen demands for quick action to halt the rise in the dollar exchange” “Parliament, CBI, discuss issuance of decisions to maintain Iraq's funds” “Deputy Minister calls the Central Bank to address the fluctuating dinar exchange rate against the dollar” “Suhail chairing a meeting of the Finance Committee in the presence of the Governor of the Central Bank” “Economic analyst: Central Bank balance of hard currency will support Iraqi dinar 13-05-2013 Economic analyst warned Abdel Salem Al-uqaili, nice lending part of the Central Bank's cash reserve in the country's investment projects, because it would harm the economy and national currency. He said Al-uqaili (News Agency): to increase the Central Bank's balance of foreign currency to more than 74 billion dollars, will BOOST the VALUE of IRAQI DINAR and enhances the strength of the national economy”[Adam Montana] ok - to address the first part... I can verify that Maliki is officially planning to run for his third term. I'm interested to see who might be his biggest contender... I don't think Allawi will give it another go, but it's a possibility! Either way, I think Maliki and Allawi are both good candidates who will support increasing the value of the Dinar[Adam Montana] Second part, Talabani - don't believe the rumors. Official word is that his health is improving and I don't believe he will be forcefully "replaced" - he's a strong leader and not likely to be taken out anytime soon.[Adam Montana] Now regarding the many articles about the Iraqi Dinar and the value relative to the US Dollar - it's obvious that pressure is BUILDING, and I think this is a GREAT thing for us! It means they are going to have to get off their duffs SOON and make some changes... and why not make it a BIG change? Now is the perfect time![Adam Montana] As you can see from the financial analyst's statement above... increasing the Dinar will help the economy, and that's what we all want [Adam Montana] All in all... some very positive news this week.[Adam Montana] Ok, next please![Doug_W] Maja1962 Much discussion has been made regarding the redenomination of the IQD, mostly surrounding the dropping of the zeros and a possible release in July 2013. It seems that the lower denominations without some sort of RV would render them valueless, requiring wheelbarrow loads to make even small purchases. Could you please give some insight regarding the relationship between and the timing of the two? Many thanks for all your efforts!![Adam Montana] You are 100% correct - lower denoms by themselves is a POINTLESS action and I don't see it happening without a simultaneous restructuring of not only the value, but the exchange rate and the way the Dinar is viewed by the entire world[Adam Montana] July is just fine by me [Adam Montana] next please![Doug_W] millionaire in training Adam, Could you please explain what they are calling Auction Abuses. Is this a good thing ? Everyone in Iraq buying up dollars ? Does this help with the RV ? Thanks[Adam Montana] I apologize, I'm sure where "auction abuses" comes from... depending on the source, it could mean a few different things. I'm going to have to pass on answering that one.[Adam Montana] next please![Doug_W] eburt Hello Adam and Mods - I truly want to thank-you for all the hard work you and the Mods do to give us information on this site and Dinar Investment. Question - How do one to make out how this investment (Iraq-Dinar) will turn out? I been reading make articles lately regarding Chapter IV, HCL, and etc. and everytime one would say one thing and another article would come out that says the opposite. Just want to know if there a great chance this thing will RV this year base on the intel you are getting[Adam Montana] eburt thanks for the question.[Adam Montana] How does one think this will turn out? Well, I for one have great confidence that it is a winner. I do not for a second believe the value will go DOWN, I remain very positive that the value will go UP. The question is really "when", "how much", and "how fast"![Adam Montana] next please![Doug_W] Candy01 Hi Adam, I just read that Parliament has adjourned until June 18th for a vacation! So now we are looking at AFTER this date for the RV?? Thanks Much![Adam Montana] Good question. the thing is that their Parliament is almost always on some kind of break, but things seem to keep moving regardless. I am not going to tie a date or any significance to any break, vacation, or event OTHER than Ramadan. Nothing significant happens during Ramadan, so it will be either before July 9, or after August 8. [Adam Montana] next please![Doug_W] desimo There has been much discussion about the IQD having now become an international currency. Could you please address this matter? Is it true and if so what are the benefits regarding this change? Thank you[Adam Montana] It is not currently an international currency any more than it was a month ago. Sorry[Adam Montana] next please![Doug_W] arborboss GM Adam, Ok say I went to (another country) and opened an account (before it revalues) will the bank let me but Dinar in my account? Sure would ease my mind to have it there when it rv's. As always........GO RV!!!![Adam Montana] Unfortunately, I don't know of any banks that are holding IQD for citizens of other countries other than Warka or... there's one other bank, but the name escapes me at the moment. Plus you have to actually go to Iraq with your Dinar to deposit it, which is not a possibility for most of us.[Adam Montana] So at this time, we are pretty much forced to stick it out where we are and wait for them to make some magic![Adam Montana] So with that all said... I've got 3 new voicemails since I started this chat this morning, luckily that was the last question. You all have a great day, and GOOO RRRVVVVVVVVV!!!!!!![Adam Montana] open floor everyone, thanks for your patience[Adam Montana] and Doug, GREAT JOB! Thank you for your help this morning [Adam Montana] that's it for me. Have a great day eveyone! 22 1 Link to comment Share on other sites More sharing options...
Linda Posted May 15, 2013 Report Share Posted May 15, 2013 thank you for the update Link to comment Share on other sites More sharing options...
Bigchclte Posted May 15, 2013 Report Share Posted May 15, 2013 Thanks as always for the info Adam. Link to comment Share on other sites More sharing options...
Bumper64 Posted May 15, 2013 Report Share Posted May 15, 2013 Thanks for the info Adam Great job Doug and Vizio, you two work well together!! 3 Link to comment Share on other sites More sharing options...
jl2nyc Posted May 15, 2013 Report Share Posted May 15, 2013 If the government is truly on break until June 18th, I disagree that anything major like a revaluation of their currency will happen before they get back. Yes, the process of government does not come to a complete stop but something like a major change in their global currency status I doubt would happen when all their officials are back in their own districts/regions, etc... Additionally, although Ramadan starts around the 7th of July, not much gets done the week before either, with any government or business in the ME. It's not the same thing of course, but how productive are we in the US with government and business matters the week before Christmas? Not much, and the same will be true before Ramadan starts. Anyway, it seems we have something like a week for anything to happen before Ramadan, and then when they come back, roughly 12-13 weeks before anything of major importance happens with global financial implications for the balance of the year (with mid November through the end of December a total wash). I hope I am SO wrong, but after reading this chat and with other research, February 2014 seems like a strong possiblity... and for sure, the garbage we hear on the other blogs about a RV anytime soon total nonsense. 1 Link to comment Share on other sites More sharing options...
Lacey Posted May 15, 2013 Report Share Posted May 15, 2013 Thanks for the chat Adam,Doug for posting the questions and Vizio for posting the chat Link to comment Share on other sites More sharing options...
stealthwarrior Posted May 15, 2013 Report Share Posted May 15, 2013 Why did you take a pass on that question? Link to comment Share on other sites More sharing options...
Silverdinar Posted May 15, 2013 Report Share Posted May 15, 2013 Thanks for the info Adam Great job Doug and Vizio, you two work well together!! You guys are the bomb. Thanks for the up-to-date rig-a-ma-row.... It sure relieves some of us to know we have quality information at our finger tips. Click & go... Adam thanks again to you for this great resourceful site.......... 1 Link to comment Share on other sites More sharing options...
eburt Posted May 15, 2013 Report Share Posted May 15, 2013 Thanks Adam and Mods for the CHAT this morning - I hope IRAQ RV's this thing before July 7th - GO RV!!!! 1 Link to comment Share on other sites More sharing options...
SR71_Blackbird Posted May 15, 2013 Report Share Posted May 15, 2013 Sorry folks...I'm betting 'NEXT YEAR'...a 25K (pre-RV, of course) note...ya see, I think it's gonna happen...in fact, I'd almost bet on it...wait, I have...but I don't hava clue when...just like everyone else...in spite of what they 'claim'. All that said, I'd just as soon lose this bet...GO RV... Link to comment Share on other sites More sharing options...
skrappyone Posted May 15, 2013 Report Share Posted May 15, 2013 Last year during Rmandan they continued to work. They did get a few things done so, in my opinion Ramandan doesn't really slow things up. Look at it this way, what better way to catch people off guard than to RV before or during Ramandan. Just my . 1 Link to comment Share on other sites More sharing options...
Saint Posted May 15, 2013 Report Share Posted May 15, 2013 Adam thanks for all the great intel as always. Sorry I missed the actual chat but reading it was ok also. Gooooo Rrrrrr Vvvvvv Link to comment Share on other sites More sharing options...
PA10 Posted May 15, 2013 Report Share Posted May 15, 2013 Stealthwarrior - Adam could have spent 20 minutes covering the specifics of CBI 'auction abuses' - but why? We have addressed the specifics of Auction Abuses in the Forums extensively this week. The Dollars for Dinar Auctions are earmarked for pre-qualified Banks only who loan money to individuals for the express purpose of importing foreign goods and services vital to the economy and infrastructure of Iraq. The CBI has defined specific abuses in the news as any situation where false or made up 'bank receipts' are submitted under false pretence - ostensibly for 'money laundering' or re-routing of Dollars to Iran. Iraq is a major conduit for illicit trade such as drugs (illegal drugs and legal pharmaceuticals), weapons, etc. That's where the money laundering comes into play. Those are the primary abuses. Nuff said? Abuse is anything other than legitimate trade or financial activity as defined by the CBI. 1 Link to comment Share on other sites More sharing options...
dinarbeleiver Posted May 15, 2013 Report Share Posted May 15, 2013 [Adam Montana] As you can see from the financial analyst's statement above... increasing the Dinar will help the economy, and that's what we all want I concur mr Adam Montana. Good chat Link to comment Share on other sites More sharing options...
Roadrunner Posted May 15, 2013 Report Share Posted May 15, 2013 arborboss, I don't know your location or what access you may have other than the internet, but, there are a few options to open a dinar account. First and the most obvious of course would be to open an account in Iraq. Unfortunately I don't feel real secure with using them. The status of some of the banks has changed a couple of times. Another option is to open an account with Emirates Bank. You can open an account with them in most currencies. I know of a few people with dinar accounts there. They also have Numbered or Password accounts that don't even have a name attached to them, just an account number and an alpha numeric password to access it. Before it took 25000 Dirhams or about 7000 dollars to open a Numbered account. Don't know it those numbers are still the same. Another option is the FBME (Federal Bank of Middle East) They will open an account in Dinar, unless they have changed their policy within the last couple of years. FBME has had a branch in the Caymans for about 10 years. My point is that if you do a little research there are places to open Dinar accounts. It depends on your circumstances as to how convenient or practical it would be. Roadrunner Link to comment Share on other sites More sharing options...
WISKY291 Posted May 15, 2013 Report Share Posted May 15, 2013 Thanks, Adam Link to comment Share on other sites More sharing options...
RodandStaff Posted May 16, 2013 Report Share Posted May 16, 2013 Thanks for the post Adam... and yes... let's hope things are about to "pop"!!! Just wish they would quite monkeying around!!! Thanks for postin' VIz, and as always thanks for the chat Adam!!! Come On RV Baby!!! 1 Link to comment Share on other sites More sharing options...
PBRL Posted May 16, 2013 Report Share Posted May 16, 2013 Thanks for the update and chat as always Adam. Thanks Doug and Vizio for the hep. I think we can all wait a few more weeks, we've waited this long Link to comment Share on other sites More sharing options...
umbertino Posted May 16, 2013 Report Share Posted May 16, 2013 Quote I think we can all wait a few more weeks, we've waited this long End Quote A few more weeks you say.....Ok. Link to comment Share on other sites More sharing options...
Adam Montana Posted May 16, 2013 Report Share Posted May 16, 2013 Last year during Rmandan they continued to work. They did get a few things done so, in my opinion Ramandan doesn't really slow things up. Look at it this way, what better way to catch people off guard than to RV before or during Ramandan. Just my . That is definitely another thing that I consider... the best time to do it would actually be during Ramadan, when nobody expects it. I'd be happy for them to prove me wrong on my "nothing gets done during Ramadan" theory!!! 2 Link to comment Share on other sites More sharing options...
skitealwedrop Posted May 17, 2013 Report Share Posted May 17, 2013 That is definitely another thing that I consider... the best time to do it would actually be during Ramadan, when nobody expects it. I'd be happy for them to prove me wrong on my "nothing gets done during Ramadan" theory!!! That's brilliant, Adam. Ramdan and other religious holidays appear to be the obstacle in your mind, when in fact Iraq is the problem. Thank you for your efforts. Link to comment Share on other sites More sharing options...
sandfly Posted May 17, 2013 Report Share Posted May 17, 2013 THANKS 1 Link to comment Share on other sites More sharing options...
braemar_house Posted May 19, 2013 Report Share Posted May 19, 2013 Thanks Adam and mods for the update. Starting to look great! Now go RRRRVVVVVV! God bless all. Link to comment Share on other sites More sharing options...
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