Iraqi Dinar Revaluation Soon
Iraqi Dinar Revaluation Soon
A growing question by individual investors outside of Iraq looking in is, “Will Iraq’s currency, the Iraqi Dinar, gain value compared to other world currencies soon?”
As more and more new investors buy into this speculation, they tell their friends about it. And as their friends buy into it, those friends tell other friends about it, and so on. A point has been reached where there are so many individual investors buying and holding the Iraqi Dinar in their possession waiting for the day when the value of the Iraqi currency is going to skyrocket.
When the new currency began to be printed in 2003, it was estimated that approximately 5 Trillion dinars were printed for circulation. Overtime, so much of this currency ended up in the hands of speculative investors all over the world. New estimates have been reported that approximately 25 Trillion dinars have now been printed and are in circulation. And of course as time goes on, more and more dinars are leaving the country and ending up in more speculators hands hoping to cash in big some day.
The Iraq Banking system has come a long way since 2003 in becoming more modern. Many current internet financial transactions are occurring, and are not requiring the actual paper currency. The Central Bank of IRAQ (CBI) monitors this issue a maintains a balance of needed paper cash in circulation for the citizens of Iraq to do day to day business. One of the ways it controls a balance of cash on hand is to have daily auctions of foreign cash to trade back for their own currency.
During and since the Saddam Hussein in Power days, the main populace of Iraqi citizens have remained very poor. However, its citizens have lived through hard times before and do see their futures in a growing Iraq as a reason to stay. The Iraqi’s do have a strong sense of staying the course, because Iraq belongs to them. They have a strong core belief in their country as shown during the recent elections. Many threats of violence were in the air that they could be risking their lives if they chose to go out and vote. Yet the Iraqi people showed up to vote.
When Saddam Hussein was still in power, many citizens were tortured and poisoned by the dictator, and he failed to overcome them. When the War on Iraq began in 2003, living in Iraq was extremely frightening for the citizens. But the war did not beat them, they stayed and weathered the storm. Even Iran terrorized the citizens of Iraq and tried to bribe its politicians. The country of Iraq has survived all of this. Iraq has become the bright shining star of the future in the Middle East leading the way as a new democracy in that part of the world.
The recent political election on March 7th, 2010 is their second such election since the new Iraqi Government was formed in 2005. It is taking a lot of time for the election committees to complete the counting of the ballots. Every day on every major world news site, there are many news stories making headlines about the progress on the counting of the votes in Iraq to see who the decided winners will be. The whole world is watching and waiting on every word of each news story. Why, because so many individual investors across the globe are holding the new Iraqi dinar? Maybe this is partially the reason. And maybe much of the reason news like this coming out of Iraq is so important is because of the all the potential for the oil they have. (If you found this article, its probably because you were looking for it, for example.)
Iraq has the third largest oil reserves known in the world. (Some believe it is actually the second largest.) There is more oil to be found in their country than anyone can imagine. Every week there is a new story in the news about another oil field discovery in Iraq. And also, it seems like every week there is a news story about another country or large oil company signing a contract with Iraq for the rights to a piece of those oil reserves. Iraq gets revenue from every gallon of crude coming out of the ground. This revenue is really beginning to escalate. And the world needs crude to sustain life as we know it and is beginning to make Iraq a very wealthy country.
Many Positive Signs!
In September, 2005, the new Iraqi government signed into law their new Constitution. Since then, the presence of the Iraq Military, with the help of the large foreign military alliances, has made the country more secure, with only a small amount of terrorism still lurking in the shadows. It is finally felt that security is now under control and in 2010 the foreign military alliances will begin to withdraw as Iraq will be able to manage it with less help.
The Iraqi Economy is beginning to spread its wings and their stock exchange has gotten its start. Many of the needed utilities such as electricity and water has also been improving over time.
If you began investing in the Iraqi Dinar from 2003 to 2006, You would have realized at that time that this currency investment was one huge long shot, but it had just enough potential to peak your interest. And if you have stayed in this investment or are just getting into it now, the odds of this investment now paying off are greatly improved from before.
Here is a quote from a news paper ad that I saw in 2006.
“Stability is the keyword in Iraq. Democracy is taking over and the Iraqi people are free. It is only a matter of time before the Dinar is released on the foreign exchange and many experts feel that Baghdad could be a mirror image of Kuwait City but on a much larger scale.”
The United States Government thinks Iraq is worth it because it is spending its tax dollars there to help start the economy. One oil company executive who wished to remain anonymous who purchased dinars said, If you think the United States of America is going to let the second largest oil producing country in the world fall into the hands of thugs again…guess again. It’s not going to happen”
Recently, the Iraqi Government stated “We have promised the people of Baghdad and Iraq that the next four years will be the phase of construction and better economy, and we will live up to our promises”
So, to answer the original question asked above, “Will Iraq’s currency, the Iraqi Dinar, gain value compared to other world currencies soon?”
Absolutely, YES!… Because a new government is in place, and old oil fields are getting back on line, and new ones are being discovered, and the security has been restored. Iraq also had a lot of debt piled up owing to many other countries. And most of that debt has been forgiven by those countries. What will keep the currency revaluation from happening now?Iraqi Dinar Revaluation Soon
A growing question by individual investors outside of Iraq looking in is, “Will Iraq’s currency, the Iraqi Dinar, gain value compared to other world currencies soon?”
As more and more new investors buy into this speculation, they tell their friends about it. And as their friends buy into it, those friends tell other friends about it, and so on. A point has been reached where there are so many individual investors buying and holding the Iraqi Dinar in their possession waiting for the day when the value of the Iraqi currency is going to skyrocket.
When the new currency began to be printed in 2003, it was estimated that approximately 5 Trillion dinars were printed for circulation. Overtime, so much of this currency ended up in the hands of speculative investors all over the world. New estimates have been reported that approximately 25 Trillion dinars have now been printed and are in circulation. And of course as time goes on, more and more dinars are leaving the country and ending up in more speculators hands hoping to cash in big some day.
The Iraq Banking system has come a long way since 2003 in becoming more modern. Many current internet financial transactions are occurring, and are not requiring the actual paper currency. The Central Bank of IRAQ (CBI) monitors this issue a maintains a balance of needed paper cash in circulation for the citizens of Iraq to do day to day business. One of the ways it controls a balance of cash on hand is to have daily auctions of foreign cash to trade back for their own currency.
During and since the Saddam Hussein in Power days, the main populace of Iraqi citizens have remained very poor. However, its citizens have lived through hard times before and do see their futures in a growing Iraq as a reason to stay. The Iraqi’s do have a strong sense of staying the course, because Iraq belongs to them. They have a strong core belief in their country as shown during the recent elections. Many threats of violence were in the air that they could be risking their lives if they chose to go out and vote. Yet the Iraqi people showed up to vote.
When Saddam Hussein was still in power, many citizens were tortured and poisoned by the dictator, and he failed to overcome them. When the War on Iraq began in 2003, living in Iraq was extremely frightening for the citizens. But the war did not beat them, they stayed and weathered the storm. Even Iran terrorized the citizens of Iraq and tried to bribe its politicians. The country of Iraq has survived all of this. Iraq has become the bright shining star of the future in the Middle East leading the way as a new democracy in that part of the world.
The recent political election on March 7th, 2010 is their second such election since the new Iraqi Government was formed in 2005. It is taking a lot of time for the election committees to complete the counting of the ballots. Every day on every major world news site, there are many news stories making headlines about the progress on the counting of the votes in Iraq to see who the decided winners will be. The whole world is watching and waiting on every word of each news story. Why, because so many individual investors across the globe are holding the new Iraqi dinar? Maybe this is partially the reason. And maybe much of the reason news like this coming out of Iraq is so important is because of the all the potential for the oil they have. (If you found this article, its probably because you were looking for it, for example.)
Iraq has the third largest oil reserves known in the world. (Some believe it is actually the second largest.) There is more oil to be found in their country than anyone can imagine. Every week there is a new story in the news about another oil field discovery in Iraq. And also, it seems like every week there is a news story about another country or large oil company signing a contract with Iraq for the rights to a piece of those oil reserves. Iraq gets revenue from every gallon of crude coming out of the ground. This revenue is really beginning to escalate. And the world needs crude to sustain life as we know it and is beginning to make Iraq a very wealthy country.
Many Positive Signs!
In September, 2005, the new Iraqi government signed into law their new Constitution. Since then, the presence of the Iraq Military, with the help of the large foreign military alliances, has made the country more secure, with only a small amount of terrorism still lurking in the shadows. It is finally felt that security is now under control and in 2010 the foreign military alliances will begin to withdraw as Iraq will be able to manage it with less help.
The Iraqi Economy is beginning to spread its wings and their stock exchange has gotten its start. Many of the needed utilities such as electricity and water has also been improving over time.
If you began investing in the Iraqi Dinar from 2003 to 2006, You would have realized at that time that this currency investment was one huge long shot, but it had just enough potential to peak your interest. And if you have stayed in this investment or are just getting into it now, the odds of this investment now paying off are greatly improved from before.
Here is a quote from a news paper ad that I saw in 2006.
“Stability is the keyword in Iraq. Democracy is taking over and the Iraqi people are free. It is only a matter of time before the Dinar is released on the foreign exchange and many experts feel that Baghdad could be a mirror image of Kuwait City but on a much larger scale.”
The United States Government thinks Iraq is worth it because it is spending its tax dollars there to help start the economy. One oil company executive who wished to remain anonymous who purchased dinars said, If you think the United States of America is going to let the second largest oil producing country in the world fall into the hands of thugs again…guess again. It’s not going to happen”
Recently, the Iraqi Government stated “We have promised the people of Baghdad and Iraq that the next four years will be the phase of construction and better economy, and we will live up to our promises”
So, to answer the original question asked above, “Will Iraq’s currency, the Iraqi Dinar, gain value compared to other world currencies soon?”
Absolutely, YES!… Because a new government is in place, and old oil fields are getting back on line, and new ones are being discovered, and the security has been restored. Iraq also had a lot of debt piled up owing to many other countries. And most of that debt has been forgiven by those countries. What will keep the currency revaluation from happening now?Iraqi Dinar Revaluation Soon
A growing question by individual investors outside of Iraq looking in is, “Will Iraq’s currency, the Iraqi Dinar, gain value compared to other world currencies soon?”
As more and more new investors buy into this speculation, they tell their friends about it. And as their friends buy into it, those friends tell other friends about it, and so on. A point has been reached where there are so many individual investors buying and holding the Iraqi Dinar in their possession waiting for the day when the value of the Iraqi currency is going to skyrocket.
When the new currency began to be printed in 2003, it was estimated that approximately 5 Trillion dinars were printed for circulation. Overtime, so much of this currency ended up in the hands of speculative investors all over the world. New estimates have been reported that approximately 25 Trillion dinars have now been printed and are in circulation. And of course as time goes on, more and more dinars are leaving the country and ending up in more speculators hands hoping to cash in big some day.
The Iraq Banking system has come a long way since 2003 in becoming more modern. Many current internet financial transactions are occurring, and are not requiring the actual paper currency. The Central Bank of IRAQ (CBI) monitors this issue a maintains a balance of needed paper cash in circulation for the citizens of Iraq to do day to day business. One of the ways it controls a balance of cash on hand is to have daily auctions of foreign cash to trade back for their own currency.
During and since the Saddam Hussein in Power days, the main populace of Iraqi citizens have remained very poor. However, its citizens have lived through hard times before and do see their futures in a growing Iraq as a reason to stay. The Iraqi’s do have a strong sense of staying the course, because Iraq belongs to them. They have a strong core belief in their country as shown during the recent elections. Many threats of violence were in the air that they could be risking their lives if they chose to go out and vote. Yet the Iraqi people showed up to vote.
When Saddam Hussein was still in power, many citizens were tortured and poisoned by the dictator, and he failed to overcome them. When the War on Iraq began in 2003, living in Iraq was extremely frightening for the citizens. But the war did not beat them, they stayed and weathered the storm. Even Iran terrorized the citizens of Iraq and tried to bribe its politicians. The country of Iraq has survived all of this. Iraq has become the bright shining star of the future in the Middle East leading the way as a new democracy in that part of the world.
The recent political election on March 7th, 2010 is their second such election since the new Iraqi Government was formed in 2005. It is taking a lot of time for the election committees to complete the counting of the ballots. Every day on every major world news site, there are many news stories making headlines about the progress on the counting of the votes in Iraq to see who the decided winners will be. The whole world is watching and waiting on every word of each news story. Why, because so many individual investors across the globe are holding the new Iraqi dinar? Maybe this is partially the reason. And maybe much of the reason news like this coming out of Iraq is so important is because of the all the potential for the oil they have. (If you found this article, its probably because you were looking for it, for example.)
Iraq has the third largest oil reserves known in the world. (Some believe it is actually the second largest.) There is more oil to be found in their country than anyone can imagine. Every week there is a new story in the news about another oil field discovery in Iraq. And also, it seems like every week there is a news story about another country or large oil company signing a contract with Iraq for the rights to a piece of those oil reserves. Iraq gets revenue from every gallon of crude coming out of the ground. This revenue is really beginning to escalate. And the world needs crude to sustain life as we know it and is beginning to make Iraq a very wealthy country.
Many Positive Signs!
In September, 2005, the new Iraqi government signed into law their new Constitution. Since then, the presence of the Iraq Military, with the help of the large foreign military alliances, has made the country more secure, with only a small amount of terrorism still lurking in the shadows. It is finally felt that security is now under control and in 2010 the foreign military alliances will begin to withdraw as Iraq will be able to manage it with less help.
The Iraqi Economy is beginning to spread its wings and their stock exchange has gotten its start. Many of the needed utilities such as electricity and water has also been improving over time.
If you began investing in the Iraqi Dinar from 2003 to 2006, You would have realized at that time that this currency investment was one huge long shot, but it had just enough potential to peak your interest. And if you have stayed in this investment or are just getting into it now, the odds of this investment now paying off are greatly improved from before.
Here is a quote from a news paper ad that I saw in 2006.
“Stability is the keyword in Iraq. Democracy is taking over and the Iraqi people are free. It is only a matter of time before the Dinar is released on the foreign exchange and many experts feel that Baghdad could be a mirror image of Kuwait City but on a much larger scale.”
The United States Government thinks Iraq is worth it because it is spending its tax dollars there to help start the economy. One oil company executive who wished to remain anonymous who purchased dinars said, If you think the United States of America is going to let the second largest oil producing country in the world fall into the hands of thugs again…guess again. It’s not going to happen”
Recently, the Iraqi Government stated “We have promised the people of Baghdad and Iraq that the next four years will be the phase of construction and better economy, and we will live up to our promises”
So, to answer the original question asked above, “Will Iraq’s currency, the Iraqi Dinar, gain value compared to other world currencies soon?”
Absolutely, YES!… Because a new government is in place, and old oil fields are getting back on line, and new ones are being discovered, and the security has been restored. Iraq also had a lot of debt piled up owing to many other countries. And most of that debt has been forgiven by those countries. What will keep the currency revaluation from happening now?Iraqi Dinar Revaluation Soon
A growing question by individual investors outside of Iraq looking in is, “Will Iraq’s currency, the Iraqi Dinar, gain value compared to other world currencies soon?”
As more and more new investors buy into this speculation, they tell their friends about it. And as their friends buy into it, those friends tell other friends about it, and so on. A point has been reached where there are so many individual investors buying and holding the Iraqi Dinar in their possession waiting for the day when the value of the Iraqi currency is going to skyrocket.
When the new currency began to be printed in 2003, it was estimated that approximately 5 Trillion dinars were printed for circulation. Overtime, so much of this currency ended up in the hands of speculative investors all over the world. New estimates have been reported that approximately 25 Trillion dinars have now been printed and are in circulation. And of course as time goes on, more and more dinars are leaving the country and ending up in more speculators hands hoping to cash in big some day.
The Iraq Banking system has come a long way since 2003 in becoming more modern. Many current internet financial transactions are occurring, and are not requiring the actual paper currency. The Central Bank of IRAQ (CBI) monitors this issue a maintains a balance of needed paper cash in circulation for the citizens of Iraq to do day to day business. One of the ways it controls a balance of cash on hand is to have daily auctions of foreign cash to trade back for their own currency.
During and since the Saddam Hussein in Power days, the main populace of Iraqi citizens have remained very poor. However, its citizens have lived through hard times before and do see their futures in a growing Iraq as a reason to stay. The Iraqi’s do have a strong sense of staying the course, because Iraq belongs to them. They have a strong core belief in their country as shown during the recent elections. Many threats of violence were in the air that they could be risking their lives if they chose to go out and vote. Yet the Iraqi people showed up to vote.
When Saddam Hussein was still in power, many citizens were tortured and poisoned by the dictator, and he failed to overcome them. When the War on Iraq began in 2003, living in Iraq was extremely frightening for the citizens. But the war did not beat them, they stayed and weathered the storm. Even Iran terrorized the citizens of Iraq and tried to bribe its politicians. The country of Iraq has survived all of this. Iraq has become the bright shining star of the future in the Middle East leading the way as a new democracy in that part of the world.
The recent political election on March 7th, 2010 is their second such election since the new Iraqi Government was formed in 2005. It is taking a lot of time for the election committees to complete the counting of the ballots. Every day on every major world news site, there are many news stories making headlines about the progress on the counting of the votes in Iraq to see who the decided winners will be. The whole world is watching and waiting on every word of each news story. Why, because so many individual investors across the globe are holding the new Iraqi dinar? Maybe this is partially the reason. And maybe much of the reason news like this coming out of Iraq is so important is because of the all the potential for the oil they have. (If you found this article, its probably because you were looking for it, for example.)
Iraq has the third largest oil reserves known in the world. (Some believe it is actually the second largest.) There is more oil to be found in their country than anyone can imagine. Every week there is a new story in the news about another oil field discovery in Iraq. And also, it seems like every week there is a news story about another country or large oil company signing a contract with Iraq for the rights to a piece of those oil reserves. Iraq gets revenue from every gallon of crude coming out of the ground. This revenue is really beginning to escalate. And the world needs crude to sustain life as we know it and is beginning to make Iraq a very wealthy country.
Many Positive Signs!
In September, 2005, the new Iraqi government signed into law their new Constitution. Since then, the presence of the Iraq Military, with the help of the large foreign military alliances, has made the country more secure, with only a small amount of terrorism still lurking in the shadows. It is finally felt that security is now under control and in 2010 the foreign military alliances will begin to withdraw as Iraq will be able to manage it with less help.
The Iraqi Economy is beginning to spread its wings and their stock exchange has gotten its start. Many of the needed utilities such as electricity and water has also been improving over time.
If you began investing in the Iraqi Dinar from 2003 to 2006, You would have realized at that time that this currency investment was one huge long shot, but it had just enough potential to peak your interest. And if you have stayed in this investment or are just getting into it now, the odds of this investment now paying off are greatly improved from before.
Here is a quote from a news paper ad that I saw in 2006.
“Stability is the keyword in Iraq. Democracy is taking over and the Iraqi people are free. It is only a matter of time before the Dinar is released on the foreign exchange and many experts feel that Baghdad could be a mirror image of Kuwait City but on a much larger scale.”
The United States Government thinks Iraq is worth it because it is spending its tax dollars there to help start the economy. One oil company executive who wished to remain anonymous who purchased dinars said, If you think the United States of America is going to let the second largest oil producing country in the world fall into the hands of thugs again…guess again. It’s not going to happen”
Recently, the Iraqi Government stated “We have promised the people of Baghdad and Iraq that the next four years will be the phase of construction and better economy, and we will live up to our promises”
So, to answer the original question asked above, “Will Iraq’s currency, the Iraqi Dinar, gain value compared to other world currencies soon?”
Absolutely, YES!… Because a new government is in place, and old oil fields are getting back on line, and new ones are being discovered, and the security has been restored. Iraq also had a lot of debt piled up owing to many other countries. And most of that debt has been forgiven by those countries. What will keep the currency revaluation from happening now?Iraqi Dinar Revaluation Soon
A growing question by individual investors outside of Iraq looking in is, “Will Iraq’s currency, the Iraqi Dinar, gain value compared to other world currencies soon?”
As more and more new investors buy into this speculation, they tell their friends about it. And as their friends buy into it, those friends tell other friends about it, and so on. A point has been reached where there are so many individual investors buying and holding the Iraqi Dinar in their possession waiting for the day when the value of the Iraqi currency is going to skyrocket.
When the new currency began to be printed in 2003, it was estimated that approximately 5 Trillion dinars were printed for circulation. Overtime, so much of this currency ended up in the hands of speculative investors all over the world. New estimates have been reported that approximately 25 Trillion dinars have now been printed and are in circulation. And of course as time goes on, more and more dinars are leaving the country and ending up in more speculators hands hoping to cash in big some day.
The Iraq Banking system has come a long way since 2003 in becoming more modern. Many current internet financial transactions are occurring, and are not requiring the actual paper currency. The Central Bank of IRAQ (CBI) monitors this issue a maintains a balance of needed paper cash in circulation for the citizens of Iraq to do day to day business. One of the ways it controls a balance of cash on hand is to have daily auctions of foreign cash to trade back for their own currency.
During and since the Saddam Hussein in Power days, the main populace of Iraqi citizens have remained very poor. However, its citizens have lived through hard times before and do see their futures in a growing Iraq as a reason to stay. The Iraqi’s do have a strong sense of staying the course, because Iraq belongs to them. They have a strong core belief in their country as shown during the recent elections. Many threats of violence were in the air that they could be risking their lives if they chose to go out and vote. Yet the Iraqi people showed up to vote.
When Saddam Hussein was still in power, many citizens were tortured and poisoned by the dictator, and he failed to overcome them. When the War on Iraq began in 2003, living in Iraq was extremely frightening for the citizens. But the war did not beat them, they stayed and weathered the storm. Even Iran terrorized the citizens of Iraq and tried to bribe its politicians. The country of Iraq has survived all of this. Iraq has become the bright shining star of the future in the Middle East leading the way as a new democracy in that part of the world.
The recent political election on March 7th, 2010 is their second such election since the new Iraqi Government was formed in 2005. It is taking a lot of time for the election committees to complete the counting of the ballots. Every day on every major world news site, there are many news stories making headlines about the progress on the counting of the votes in Iraq to see who the decided winners will be. The whole world is watching and waiting on every word of each news story. Why, because so many individual investors across the globe are holding the new Iraqi dinar? Maybe this is partially the reason. And maybe much of the reason news like this coming out of Iraq is so important is because of the all the potential for the oil they have. (If you found this article, its probably because you were looking for it, for example.)
Iraq has the third largest oil reserves known in the world. (Some believe it is actually the second largest.) There is more oil to be found in their country than anyone can imagine. Every week there is a new story in the news about another oil field discovery in Iraq. And also, it seems like every week there is a news story about another country or large oil company signing a contract with Iraq for the rights to a piece of those oil reserves. Iraq gets revenue from every gallon of crude coming out of the ground. This revenue is really beginning to escalate. And the world needs crude to sustain life as we know it and is beginning to make Iraq a very wealthy country.
Many Positive Signs!
In September, 2005, the new Iraqi government signed into law their new Constitution. Since then, the presence of the Iraq Military, with the help of the large foreign military alliances, has made the country more secure, with only a small amount of terrorism still lurking in the shadows. It is finally felt that security is now under control and in 2010 the foreign military alliances will begin to withdraw as Iraq will be able to manage it with less help.
The Iraqi Economy is beginning to spread its wings and their stock exchange has gotten its start. Many of the needed utilities such as electricity and water has also been improving over time.
If you began investing in the Iraqi Dinar from 2003 to 2006, You would have realized at that time that this currency investment was one huge long shot, but it had just enough potential to peak your interest. And if you have stayed in this investment or are just getting into it now, the odds of this investment now paying off are greatly improved from before.
Here is a quote from a news paper ad that I saw in 2006.
“Stability is the keyword in Iraq. Democracy is taking over and the Iraqi people are free. It is only a matter of time before the Dinar is released on the foreign exchange and many experts feel that Baghdad could be a mirror image of Kuwait City but on a much larger scale.”
The United States Government thinks Iraq is worth it because it is spending its tax dollars there to help start the economy. One oil company executive who wished to remain anonymous who purchased dinars said, If you think the United States of America is going to let the second largest oil producing country in the world fall into the hands of thugs again…guess again. It’s not going to happen”
Recently, the Iraqi Government stated “We have promised the people of Baghdad and Iraq that the next four years will be the phase of construction and better economy, and we will live up to our promises”
So, to answer the original question asked above, “Will Iraq’s currency, the Iraqi Dinar, gain value compared to other world currencies soon?”
Absolutely, YES!… Because a new government is in place, and old oil fields are getting back on line, and new ones are being discovered, and the security has been restored. Iraq also had a lot of debt piled up owing to many other countries. And most of that debt has been forgiven by those countries. What will keep the currency revaluation from happening now?Iraqi Dinar Revaluation Soon
A growing question by individual investors outside of Iraq looking in is, “Will Iraq’s currency, the Iraqi Dinar, gain value compared to other world currencies soon?”
As more and more new investors buy into this speculation, they tell their friends about it. And as their friends buy into it, those friends tell other friends about it, and so on. A point has been reached where there are so many individual investors buying and holding the Iraqi Dinar in their possession waiting for the day when the value of the Iraqi currency is going to skyrocket.
When the new currency began to be printed in 2003, it was estimated that approximately 5 Trillion dinars were printed for circulation. Overtime, so much of this currency ended up in the hands of speculative investors all over the world. New estimates have been reported that approximately 25 Trillion dinars have now been printed and are in circulation. And of course as time goes on, more and more dinars are leaving the country and ending up in more speculators hands hoping to cash in big some day.
The Iraq Banking system has come a long way since 2003 in becoming more modern. Many current internet financial transactions are occurring, and are not requiring the actual paper currency. The Central Bank of IRAQ (CBI) monitors this issue a maintains a balance of needed paper cash in circulation for the citizens of Iraq to do day to day business. One of the ways it controls a balance of cash on hand is to have daily auctions of foreign cash to trade back for their own currency.
During and since the Saddam Hussein in Power days, the main populace of Iraqi citizens have remained very poor. However, its citizens have lived through hard times before and do see their futures in a growing Iraq as a reason to stay. The Iraqi’s do have a strong sense of staying the course, because Iraq belongs to them. They have a strong core belief in their country as shown during the recent elections. Many threats of violence were in the air that they could be risking their lives if they chose to go out and vote. Yet the Iraqi people showed up to vote.
When Saddam Hussein was still in power, many citizens were tortured and poisoned by the dictator, and he failed to overcome them. When the War on Iraq began in 2003, living in Iraq was extremely frightening for the citizens. But the war did not beat them, they stayed and weathered the storm. Even Iran terrorized the citizens of Iraq and tried to bribe its politicians. The country of Iraq has survived all of this. Iraq has become the bright shining star of the future in the Middle East leading the way as a new democracy in that part of the world.
The recent political election on March 7th, 2010 is their second such election since the new Iraqi Government was formed in 2005. It is taking a lot of time for the election committees to complete the counting of the ballots. Every day on every major world news site, there are many news stories making headlines about the progress on the counting of the votes in Iraq to see who the decided winners will be. The whole world is watching and waiting on every word of each news story. Why, because so many individual investors across the globe are holding the new Iraqi dinar? Maybe this is partially the reason. And maybe much of the reason news like this coming out of Iraq is so important is because of the all the potential for the oil they have. (If you found this article, its probably because you were looking for it, for example.)
Iraq has the third largest oil reserves known in the world. (Some believe it is actually the second largest.) There is more oil to be found in their country than anyone can imagine. Every week there is a new story in the news about another oil field discovery in Iraq. And also, it seems like every week there is a news story about another country or large oil company signing a contract with Iraq for the rights to a piece of those oil reserves. Iraq gets revenue from every gallon of crude coming out of the ground. This revenue is really beginning to escalate. And the world needs crude to sustain life as we know it and is beginning to make Iraq a very wealthy country.
Many Positive Signs!
In September, 2005, the new Iraqi government signed into law their new Constitution. Since then, the presence of the Iraq Military, with the help of the large foreign military alliances, has made the country more secure, with only a small amount of terrorism still lurking in the shadows. It is finally felt that security is now under control and in 2010 the foreign military alliances will begin to withdraw as Iraq will be able to manage it with less help.
The Iraqi Economy is beginning to spread its wings and their stock exchange has gotten its start. Many of the needed utilities such as electricity and water has also been improving over time.
If you began investing in the Iraqi Dinar from 2003 to 2006, You would have realized at that time that this currency investment was one huge long shot, but it had just enough potential to peak your interest. And if you have stayed in this investment or are just getting into it now, the odds of this investment now paying off are greatly improved from before.
Here is a quote from a news paper ad that I saw in 2006.
“Stability is the keyword in Iraq. Democracy is taking over and the Iraqi people are free. It is only a matter of time before the Dinar is released on the foreign exchange and many experts feel that Baghdad could be a mirror image of Kuwait City but on a much larger scale.”
The United States Government thinks Iraq is worth it because it is spending its tax dollars there to help start the economy. One oil company executive who wished to remain anonymous who purchased dinars said, If you think the United States of America is going to let the second largest oil producing country in the world fall into the hands of thugs again…guess again. It’s not going to happen”
Recently, the Iraqi Government stated “We have promised the people of Baghdad and Iraq that the next four years will be the phase of construction and better economy, and we will live up to our promises”
So, to answer the original question asked above, “Will Iraq’s currency, the Iraqi Dinar, gain value compared to other world currencies soon?”
Absolutely, YES!… Because a new government is in place, and old oil fields are getting back on line, and new ones are being discovered, and the security has been restored. Iraq also had a lot of debt piled up owing to many other countries. And most of that debt has been forgiven by those countries. What will keep the currency revaluation from happening now?Iraqi Dinar Revaluation Soon
A growing question by individual investors outside of Iraq looking in is, “Will Iraq’s currency, the Iraqi Dinar, gain value compared to other world currencies soon?”
As more and more new investors buy into this speculation, they tell their friends about it. And as their friends buy into it, those friends tell other friends about it, and so on. A point has been reached where there are so many individual investors buying and holding the Iraqi Dinar in their possession waiting for the day when the value of the Iraqi currency is going to skyrocket.
When the new currency began to be printed in 2003, it was estimated that approximately 5 Trillion dinars were printed for circulation. Overtime, so much of this currency ended up in the hands of speculative investors all over the world. New estimates have been reported that approximately 25 Trillion dinars have now been printed and are in circulation. And of course as time goes on, more and more dinars are leaving the country and ending up in more speculators hands hoping to cash in big some day.
The Iraq Banking system has come a long way since 2003 in becoming more modern. Many current internet financial transactions are occurring, and are not requiring the actual paper currency. The Central Bank of IRAQ (CBI) monitors this issue a maintains a balance of needed paper cash in circulation for the citizens of Iraq to do day to day business. One of the ways it controls a balance of cash on hand is to have daily auctions of foreign cash to trade back for their own currency.
During and since the Saddam Hussein in Power days, the main populace of Iraqi citizens have remained very poor. However, its citizens have lived through hard times before and do see their futures in a growing Iraq as a reason to stay. The Iraqi’s do have a strong sense of staying the course, because Iraq belongs to them. They have a strong core belief in their country as shown during the recent elections. Many threats of violence were in the air that they could be risking their lives if they chose to go out and vote. Yet the Iraqi people showed up to vote.
When Saddam Hussein was still in power, many citizens were tortured and poisoned by the dictator, and he failed to overcome them. When the War on Iraq began in 2003, living in Iraq was extremely frightening for the citizens. But the war did not beat them, they stayed and weathered the storm. Even Iran terrorized the citizens of Iraq and tried to bribe its politicians. The country of Iraq has survived all of this. Iraq has become the bright shining star of the future in the Middle East leading the way as a new democracy in that part of the world.
The recent political election on March 7th, 2010 is their second such election since the new Iraqi Government was formed in 2005. It is taking a lot of time for the election committees to complete the counting of the ballots. Every day on every major world news site, there are many news stories making headlines about the progress on the counting of the votes in Iraq to see who the decided winners will be. The whole world is watching and waiting on every word of each news story. Why, because so many individual investors across the globe are holding the new Iraqi dinar? Maybe this is partially the reason. And maybe much of the reason news like this coming out of Iraq is so important is because of the all the potential for the oil they have. (If you found this article, its probably because you were looking for it, for example.)
Iraq has the third largest oil reserves known in the world. (Some believe it is actually the second largest.) There is more oil to be found in their country than anyone can imagine. Every week there is a new story in the news about another oil field discovery in Iraq. And also, it seems like every week there is a news story about another country or large oil company signing a contract with Iraq for the rights to a piece of those oil reserves. Iraq gets revenue from every gallon of crude coming out of the ground. This revenue is really beginning to escalate. And the world needs crude to sustain life as we know it and is beginning to make Iraq a very wealthy country.
Many Positive Signs!
In September, 2005, the new Iraqi government signed into law their new Constitution. Since then, the presence of the Iraq Military, with the help of the large foreign military alliances, has made the country more secure, with only a small amount of terrorism still lurking in the shadows. It is finally felt that security is now under control and in 2010 the foreign military alliances will begin to withdraw as Iraq will be able to manage it with less help.
The Iraqi Economy is beginning to spread its wings and their stock exchange has gotten its start. Many of the needed utilities such as electricity and water has also been improving over time.
If you began investing in the Iraqi Dinar from 2003 to 2006, You would have realized at that time that this currency investment was one huge long shot, but it had just enough potential to peak your interest. And if you have stayed in this investment or are just getting into it now, the odds of this investment now paying off are greatly improved from before.
Here is a quote from a news paper ad that I saw in 2006.
“Stability is the keyword in Iraq. Democracy is taking over and the Iraqi people are free. It is only a matter of time before the Dinar is released on the foreign exchange and many experts feel that Baghdad could be a mirror image of Kuwait City but on a much larger scale.”
The United States Government thinks Iraq is worth it because it is spending its tax dollars there to help start the economy. One oil company executive who wished to remain anonymous who purchased dinars said, If you think the United States of America is going to let the second largest oil producing country in the world fall into the hands of thugs again…guess again. It’s not going to happen”
Recently, the Iraqi Government stated “We have promised the people of Baghdad and Iraq that the next four years will be the phase of construction and better economy, and we will live up to our promises”
So, to answer the original question asked above, “Will Iraq’s currency, the Iraqi Dinar, gain value compared to other world currencies soon?”
Absolutely, YES!… Because a new government is in place, and old oil fields are getting back on line, and new ones are being discovered, and the security has been restored. Iraq also had a lot of debt piled up owing to many other countries. And most of that debt has been forgiven by those countries. What will keep the currency revaluation from happening now?
[...] Iraqi Dinar Revaluation Soon [...]
[...] Iraqi Dinar Revaluation Soon [...]
[...] Iraqi Dinar Revaluation Soon [...]
[...] Iraqi Dinar Revaluation Soon [...]
[...] Iraqi Dinar Revaluation Soon [...]
[...] Iraqi Dinar Revaluation Soon [...]
[...] Iraqi Dinar Revaluation Soon [...]
[...] Iraqi Dinar Revaluation Soon [...]
[...] Iraqi Dinar Revaluation Soon [...]
I believe in the Iraqi people, however the CBI decides to exchange the new notes into the mainstream. The CBI can buckle down and trade out over 2-3 months as before, but it would be a sudden jolt to the internal economy, and they really don’t want that. There is talk of the CBI issuing the new notes to fin. institutions only and gradually, as stated above slowly exchanging, changing from institutions to individuals. As always, if you are not exchanging at the CBI yourself or nearby at an affiliated bank, your loosing out, and sometimes big gains can be shifted to the pocket of the 3rd party i.e., trading agent, or bank-as in the USA right now. Then there is a system of taxation, which should be a higher, one time tax(our gov needs as much as they can get-and they’re democrats)
I, personally, am just waiting, and living life. The Iraqi dinar will gain, I have no doubt, but I also understand how banks tend to adjust situations, especially like the Fed Resrv in the US, directly connected to the fed govt. They could just hold out until the right legislation is passed, then open the doors for exchange, then change the currency which nullifies the old currency,(kinda like mexico does about every ten years). There are people who travel and use mailing and delivery systems to do their business, and some of these gentlemen are very good at what they do. Everyone I have spoken with believes there will be a window of opportunity, so keep your ears and eyes open. Good day, and be blessed
were is the nearest bank to buy dinars.I am in North Carolina.
[...] Iraqi Dinar Revaluation Soon [...]
If you’re interested in investing in the Iraqi Dinar, here are some thoughts to consider and action items. First and foremost, be honest with yourself on how much money you can invest in the Iraqi Dinar. Dinar Blog
[...] Iraqi Dinar Revaluation Soon [...]
[...] Iraqi Dinar Revaluation Soon [...]
On Wednesday night’s (January 12, 2011) conference call, Okie indicated that Iraq’s announcement of the RV to the world would be this coming Sunday or Monday and that it would most likely come in at a reinstated (RI) value of $3.22 per dinar and that we will be able to start cashing in on Tuesday here in the U.S.A., the day after the Martin Luther King holiday, when our banks are reopened. Is that still on?
I was wondering if anyone knows where a good off shore bank might be located to deposit some of my newly purchased Dinar….. thanks
I think it will happen and you will just have to be ready for when it does. I found a great account to keep all your money.
Swiss account and you can start it for free
wearekbgold.com/78403 will get you there and it is backed by GOLD.
Hi David, Thanks for your comments.
Sounds like you have a great plan.
The Iraqi Dinar Trader
Does anyone havwe a correct date on the rv
Hi,
Thanks for your comment.
None of our sources have given a RV date so check back often. We will be reporting on it the day it happens.
The Iraqi Dinar Trade.
Is the purchase of real estate with the Dinar a taxable event?
Wen is the date to trade in ur Dinars?????
If I buy 1,000,000 iraqi dinar, can I deposit it into a bank and will the bank exchange it for me on the spot or do I have to go to a special bank for exchange?
WHERE CAN I PURCHASE DINAR’S?
Is this a hoax? Will it rv soon?
we just heard about the reinstatement on the radio today, 03/31/11. My husband aquired alot of this iraqi ‘money’ during his 2 tours over there and it would be nice if he could exchange it since he will be retiring after 22 years in the Army. does anyone have ANY information about this. thanks
It’s not true it’s a complete hoax and scam. The dinar will rv until 2018. I live and work in irag as a government liaison.
It sounds like Bob Black is related to the Rothchild’s. Do the research and see if he sounds familiar…
it is a big risk investment with big potential. everyone is talking about the RV. and with the release of shabibi video talking about iraq politics as well as RV, we know that the RV will be happening soon. we heard roumours saying that RV will happenng in April 2011. GOI will sit in baghdad for the GULf meeting in Mei 2011. before the meeting, the RV should take place!
Damn People! Those of you asking if anyone here knows when the RV will take place, STOP! nobody knows when. The only people that do know is the CBI and I doubt they will leak any info out as to when this will happen. every investor is goin to hear nothin but rumors for now. Just sit, watch, and wait! Only buy dinars with what you feel comfortable spending and can afford to lose. Remember this is a risk vs reward deal. And you are risking on a very unstable 3rd world country right now. Anything can happen good or bad. Just have to hope for the best!
- Believe it to be around 2-3 more years before the IQD actually begins to RV. But hope it is sooner than that. WHO KNOWS…
*Go to the CBI website and read their recent report for the country’s overall finacial situation*
This should begin to give you a better idea of what to expect in the coming yrs!
I wish someone would give us the straight skinny about the tax issue regarding the conversion from dinars to US currency .
Why don’t you call the IRS and ask them about short term capital gains tax percent and the Long term capital gains tax percentage and how that all works.
Good Luck,
Rick in Alaska
^capital gains tax plus state tax. Ie. California- 40% capital gains, 16% state tax.
i own 11,000,000 iraqui dinars and right now it seems like paper towel is worth more but even if it goes up to 10 cents per dinar im rich…so let hope it comes soon…
Well…..very interesting comments…..but at the end of the day nobody knows anything….we are all waiting for the day to cash in our dinares…..what I don’t undersand is how Iraq can go on with their money that’s worth nothing?????????
I have some iraqi money also, i am waiting too long but i just have hope…..but untill when?????
I wouldnt be surprised if this happened before the end of the year BUT! im not holding my breath. Like i have read numerous times if you cant afford to loose your investment you need to sell.
It will be occuring very soon, trust me on this. just purchased another 10mill dinars, got 20mill now. it will rv around the $3 mark. good luck, its gonna be chaos.. the US govmnt own more then 5 trillion, its been RV’d already just waiting on them to announce it. cheers
Has anyone heard lately when we will be able to cash ours in??? Where in ohio can we cash them in??
Hope nayone who spent a whole lot of money on there IQD investment is ready to lose it. It may go on the forex at around $4.00 but the CBI is going to drop off the 3 zeros so the big windfalls you have been waiting for will not happen. After the bank takes there 3% and you pay 15% taxes i hope you can break even.to bad the internet had to spread all the rumors and everyone horded all the IQD because now they will be worth even less than before have a nice day you just made Iraq even richer
Neal, The plan to drop three zeros has been dropped. The likely value of the dinar after revaluation will be over $3 making me and others a millionaire. Have a nice day yourself.
I just be glad when it happen. I really need it to RV so i can helpmy mom and other people.
Naysayers, it will/going to happen..there is about to be a great wealth transfer!!
do not hold your breath opec is the problem and that is the bottom line when you understand opec you will see the big picture sorry for the bad news
Can anyone be truly honest about this… Now that war is over in Iraq are we going to see our money or not… and when and where do you go to collect this money? And right now how much is it and for how much on the $ do you get….
Iraqi Dinar could eventually be the currency of the world, since it has over 30 trillion dinars in circulation worldwide right now. I sure like this website and you should send it around to everyone on the internet to get educated. http://www.dinartrade.org Great format. Thanks.
Rick in Alaska
Thanks for your kind words.
The Iraqi Dinar Trader