Dinar Reval Foundation Of Rock Taking Formation
U.S. Forces General Ray Odierno will not say how many troops remain in Iraq but it is a sure thing that the troops have moved to outside of urban areas of major Iraqi cities. This is where the rubber meets the road for testing Iraqi’s own Military independence in Iraq.
A positive test result of maintaining and reducing the current level of violence will result in US troops leaving Iraq all together in large numbers.
What does this mean for the Iraq Dinar currency? Well, this is definitely a major event proving to Iraq and the world that they are ready for independent control of the country. The success of this event will give the Dinar a foundation of rock for entry into the World Market (Revaluation of the Dinar) The remaining question will be when will the Dinar reval and what will it open at.
“Iraq is being de-dollarized and it should be complete by Oct….If you remember, when they had to turn in the Saddam money for the new Dinar, (which we have), they had 90 days to do it. It is about 90 days till Oct. Any Iraqi that is sitting on (US) dollars will have till then to exchange them for Dinars or be stuck with some (US) money they can’t exchange in Iraq.” -Billy Giles, Dinar Research Analyst, Manchester TN USA
Researcher Billy Giles spent 3 years in Iraq has stated that in the last week of June 2009 Iraq is being forced to not use US currency with a deadline. Billy gives the deadline for October 2009, where Iraqis will not be able to exchange US currency in Iraq any longer. This is another event that will strengthen the Dinars position before the Reval.
The Dinar Reval being an event in and of itself will result from a series of small events as market conditions converge on heavily rewarding early Dinar investors. It can also be mentioned with confidence that the opportunity for Dinar is no longer as risky as it once was 5 years ago.
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This article may be reprinted online or offline as long as this
box remains unchanged and the link is hyperlinked online.
Written by Darren Chabluk for http://DrDinar.com
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This is absolutely the best news this year!! I would venture to say that we will have at least 1 to 1 value by Christmas!! A steady climb in the value throughout 2010 as oil production increases along with other investment and production enterprises.
IQD Prediction elsewhere has it that RV will happen between now and 4th July,09.We are all praying it happens NOW.
Peace,Love & Joy!
Remonez
Could happend as Raymond and Edward said, the soverenty of Iraq is June 30, 2009. US forces moving out of Iraq, Etc., I also came across an article that banks in Iraq are issueing credit cards for it’s national and membership with wto is being persued.
Having purchased a couple million dinars back in the spring of ‘06, it feels like the much anticipated wait may be coming to an end. The news of oil contracts being opened to foreign companies coupled with the U.S. pullback from the major urban areas gives one the sense that the prize may very well be just over the horizon. Bare in mind that world confidence in the new Iraq will play a major factor in opening up Iraq for development to its fullest potential. They say change is as good as a rest. Iraq is on the verge of some major changes, lets hope they are positive and sustainable. Sure like to take those dinars out of the safe deposit box and let them see the light of day! Hope springs eternal…
as the iraqis gain control of the cities ( hopefully) and the oil bus. gets stabilized…..w’re off to a dinar rv ……..only IMO !!
We as dinar investors are certainly nearing the moment of truth!
This is the best news yet! Iraq is the bread basket of the middle east. Its time has surely come! I’ll be able to afford an “RV” when this happens. Cheers
There are a few `ifs` left but all in all this news is more than welcome.
Will stay positive!
Hey Guys don’t quit your jobs just yet!!! I hate to sound like a pessesmist, but we still have a long ways to go I’m talking 5 years or more, sure we will see a tenth of a penny here and there but nothing to amount to anything. And you know what I hope I’m dead wrong, but according to a few of my friends that are in Iraq its still a ways off.
I can name a few friends who says it’s not going to be as long as you may think. No one really knows except the ones that are going to make a decision of what the RV will be and when. I believe that it will RV . Let patients work, and let us keep hope alive, The way things are happening, it may not be that long of a wait. I’m encouraged.
Larry, I sure hope your friends are more accurate than mine, lets hope so any how.
All good things come to those who wait, nice to see Iraq moving forward with less and less US Military….I await the reval as it should be a good directional indicator of things to come….
Well all
There was predictions of July 3, 2009 and there was predictions of June 2009 .
I am asking someone with some sort of insight with accurate information please tell me . As I have mentioned before I was a first Responder here in New York on Sept 11,2001. I was diagnosed with 2 tumors on my lungs and really hope this happens real soon as I can use it now if you all know what I mean.
Please does any one have any accurate information , please
thanks
David New York
David, thanks for being one of so many first responders on that dreadful day, I’m a police officer and know what you guys go through each day. My prayers are with you and I really hope that all goes well for you and your family and thanks again for your dedication.
As for as the value of the dinars I really don’t think anything is going to happen any time soon, I would say maybe once the sactions are lifted we might see some movement. Get well and keep the faith
Johnny
Revaluation Plan of Iraqi Dinars 2009?
It is true one lucrative idea makes one rich and one dozen lucrative ideas can make one richer. So, let us contribute more convincing ideas to President Barack Obama to use his influence for the world to speed up the revaluation plan of Iraqi Dinars. I have contributed many ideas to the president and one of these is shown below as a sample to all of you bloggers to encourage him to do something about it soon. Please google search for “Email to President Barack Obama” and you should see the same on the search result for you to click on and then you must follow its instruction. Please do not keep speculating about RV for years without any result. We need to change our whole idea how to bring facts about the advantages of RV to all governments concerned including Iraq government. I did the same to Iraq Ministers as well.
Dear President of the United States of America,
Everyday, more and more new foreign investors are going to Iraq to do business with great confidence and Iraq is coming close to be a 100% democratic nation. Is it fair a new Iraq should have her currency revalued to ensure the values of many other things should be on par with ours? As every other democratic nation enjoys the same equal rights and the protection of human rights, is it time to give the same to the new Iraq without further delay? Why do I need to tell you not to leave out even one poor family at one corner of Iraq uninformed and unprepared about the revaluation plan of Iraqi Dinars (if it happens) at anytime? I had lived with poorer people for 4 years during my younger days in order that I’ve learned to empathize with people who truly suffer poverty and my tears for them are deep in my heart. I do not send this message to talk rubbish because I am one of the people in this world who support President Barack Obama as well despite I am from Singapore.
Let me explain to you much more with facts contributed by someone, as below:
Iraq: Re-Value the Iraqi Dinar? Yes!
One Investor’s Take on the Valuation of the Dinar
By Roger Isaksson
Iraq’s current government has been staggering badly under the pressure of growing violence and widespread infrastructure failures. As a result, government consolidation is taking place, including dismissals, arrests, and the emergence of strong personalities. Yet still, most government participants appear to lack the will to stick their neck out and make bold moves that would ultimately help the Iraqi people.
The Iraqi Dinar
Economically, according to my estimates, the Iraqi dinar is hopelessly undervalued, and should have been revalued long ago. The dinar is held down artificially by the Central Bank of Iraq (CBI), resulting in very little buying power for the Iraqi working class. Currently, most of the day-to-day products needed by Iraqi’s are produced outside of the country, but when buying it with an undervalued currency, nobody except the intrepid merchant benefits. In order to justify the costs of manufacture and import into the country, most things that we in the West take for granted are priced far beyond the average Iraqi’s ability to pay for it, due in large part to the vast exchange rate differences.
Due to these currency differences, few Iraqi’s can afford the items they want or need. As fewer people can afford them, the market for these items is artificially small, resulting in less competition and higher prices. This, coupled with the day-to-day disruption of goods and services due to the violence plaguing large tracts of the country, have led to high levels of inflation.
By revaluing the Iraq Dinar to it’s true value towards the market, the Iraqi people will regain a measure of their buying power back. Imported goods will now be within reach of nearly everybody, helped to infuse the Iraqi economy with a new vitality.
True Dinar Value
In analyzing the true value of the dinar, many have predicted a value as high as parity with the US dollar ($1 = 1 dinar), while more conservative estimates have been in the range of a $0.01 = 1 dinar. This range, of course, can only be estimated, because the dinars true strength can only be determined, as with all currencies, once it is freely traded on the world market.
The continued lack of purchasing power of the Iraq dinar will be yet another factor in a long line of social problems, and some have the idea that those problems have to be addressed first before the economy can be fixed. The Iraqi man on the street is having a hard time feeding his family, and in such dire circumstances he may even be tempted to work against his fellow Iraqi’s through insurgency, crime and even terrorism. This writer urges the current Iraqi Administration; fix the dinar.
The “Big Guys” are standing at the gate waiting to get in, but have to wait until they get assurances that the investment will not be socialized as in Saudi Arabia, Iran and Venezuela, or lost completely due to a full-blown civil war. The new Iraq Investment Laws are tentative right now, but hopefully the Iraqi Government will make it a top priority when they return to session this fall. However, as with everything in Iraq these days, this supposition is a moving target at best.
Posted by Lawk Salih
Posted on Friday, September 01 @ 06:14:37 EDT by admin
Iraqi Dinars Promising Future in 2009
No doubt that Iraqs economy has been significantly improving on a very rapid pace of late. At this rate soon the world will witness a literal boom that could make the country one of richest in the Middle East.
“I believe Iraq could not only be one of the wealthiest countries in
the region, but one of the wealthiest countries in the world if we
can just work things out.”, says Hillary Clinton while visiting Ir
in April 2009.
After being economically-crippled during the dark era of late
President Saddam Hussein, Iraqis are now on the road of recovery from the chronic recession they suffered from for more than a couple of decades.
It’s no secret that the Government of the United States is keeping an
eye on the rich petrol stockpiles in Iraq. Is that the real reason
behind the third Gulf War? Not to seize weapons of mass destruction and fight terrorism as naively alleged? However, getting rid of Hussein, who was executed on 30 December 2006, and reshuffling the ministerial team have surely paid dividends for the Iraqi natives.
Thanks to a different, yet controversial, environment, the war-plagued
Iraq has become the preferable destination of so many international
investors from all around the globe. The promising initiatives of the
European businessmen and Entrepreneurs have breathed life into Iraqs economic status. Without the need for travel to Iraq for most
investment opportunities as well.
Many pundits believe that it’s only a matter of time till Iraq turns
into a sophisticated prosperous country, and the people’s poor life
standards will be drastically enhanced. The revolution results are
already tangible, and yet, the forthcoming few years will definitely
see Iraq enjoy more progress and development as the pace of
independent control keeps steady.
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This article may be reprinted online and offline
as long as this box remains and its link is
hyperlinked online. Written by Darren Chabluk
for http://DrDinar.com/blog
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Don’t listen to the “naysayers”. We lost out on several million dollars when Kuwait revalued their currency, because we listened to the naysayers.
Did you know???
I didn’t know! How could we???
Did you know that 47 countries have re-established
their embassies in Iraq?
Did you know that the Iraqi government
currently employs 1.2 million Iraqi people?
Did you know that 3100 schools have been renovated,
364 schools are under rehabilitation,
263 new schools are now under construction
and 38 new schools have been completed in Iraq ?
Did you know that Iraq’s higher educational
structure consists of 20 Universities,
46 Institutes or colleges and 4 research centers,
all currently operating?
Did you know that 25 Iraq students departed
for the United States in January 2005
for the re-established Fulbright program?
Did you know that the Iraqi Navy is operational?
They have 5 -100-foot patrol craft, 34 smaller vessels
and a naval infantry regiment.
Did you know that Iraq ’s Air Force consists of three operational squadrons, which includes 9 reconnaissance and 3 US C-130 transport aircraft (under Iraqi operational control)
which operate day and night, and will soon add
16 UH-1 helicopters and 4 Bell Jet Rangers?
Did you know that Iraq has a counter-terrorist
unit and a Commando Battalion?
Did you know that the Iraqi Police Service has over 55,000
fully trained and equipped police officers?
Did you know that there are 5 Police Academies in Iraq
that produce over 3500 new officers every 8 weeks?
Did you know there are more than 1100
building projects going on in Iraq?
They include 364 schools, 67 public clinics,
15 hospitals, 83 railroad stations,
22 oil facilities, 93 water facilities
and 69 electrical facilities.
Did you know that 96% of Iraqi children under the age of 5
have received the first 2 series of polio vaccinations?
Did you know that 4.3 million Iraqi children were
enrolled in primary school by mid October?
Did you know that there are 1,192,000
cell phone subscribers in Iraq
and phone use has gone up 158%?
Did you know that Iraq has an independent
media that consists of 75 radio stations,
180 newspapers and 10 television stations?
Did you know that the Baghdad Stock Exchange
opened in June of 2004?
Did you know that 2 candidates in the Iraqi
presidential election had a televised debate recently?
OF COURSE WE DIDN’T KNOW!
WHY DIDN’T WE KNOW?
BECAUSE…
OUR MEDIA WOULDN’T TELL US!
Instead of reflecting our love for our country,
we get photos of flag burning incidents at Abu Ghraib
and people throwing snowballs at the presidential motorcades.
Tragically, the lack of accentuating the positive in Iraq serves two purposes:
It is intended to undermine the world’s perception of the United States thus minimizing consequent support, and it is intended to discourage American citizens.
—- Above facts are verifiable on the Department of Defense web site…
Common sense regarding the Iraqi Dinar investment
Posted at October 13, 2009
Hello everyone, thanks for stopping by and/or subscribing to the newsletter or feed! If you’ve been around lately, you’ve noticed a few new things going on here. We’ve partnered up with http://www.dinarvets.com and have also been bringing information into the chat room at http://www.newdinarchat.com. The crowd has been awesome on all fronts, thank you to all who have been contributing!
As a result of the recent growth in our Iraqi Dinar web presence, we’ve received a LOT of questions from people, both newbies and seasoned investors. I am going to address a few questions that are common among new Iraqi Dinar investors in this post.
For those of you who don’t know me, I am Adam Montana. Not a dealer, not a pumper, and most definitely not a maker of Kool Aid! I have been a webmaster for about a decade, and I’ve seen my share of internet hoaxes and jokesters… I assure you, it is not easy to pull the e-wool over my eyes.
With that said, here’s a quick bit of common sense regarding investing: never invest more than you can afford to lose! Many of you know that we’ve had some pretty encouraging news lately, but that does not equal a garuantee, nor will it ever! The Iraqi Dinar “investment” is a speculatory one, at best. Do I believe the Iraqi Dinar will go up in value? You bet! I’m heavily invested myself. I also make money in the Iraqi Stock Exchange (ISX) and my Warka Savings account holds a pretty little sum of cash.
One thing that gets me fired up, though… is people who think they can claim an “RV” date (or RI, for that matter – it makes no difference!). Here’s a fact – this news will not be leaked, it will simply happen. Not one of us is high enough up the Iraqi Dinar food chain to get an inside line on a rate, date, or anything else that significant. If news like this does actually leak, someone will probably be found in the desert missing limbs.
However, the power of the people to gather knowledge is still tremendous. You’ll notice over at DinarVets.com that nobody is censored for differing opinions… everybody is allowed to state their beliefs in an open book forum. We all need the freedom to research and learn, so that each of us can make our own minds up about this investment. Please, feel free to join the forum and read and contribute – at the very worst, you’ll learn a little bit about foreign affairs. At the best, you’ll find out some information that could make you very wealthy.
All the best,
-Adam Montana
Why Purchase the New Iraqi Dinar
A successful Iraq will bring it’s currency Iraqi dinar from historic lows to an internationally recognized currency with world value.
New Iraqi Dinar has advanced 25% since the end of major combat operations.
The value of the new Iraqi Dinar, which had slipped to between 3500 and 4000 against the US dollar before April, 2003, advanced to 1,500 new iraqi Dinar to the dollar following the end of major combat operations in July, 2003.
The United States has pledged over $18 Billion, military and civilian support, debt relief and economic ties that will give Iraq the capability to develop its potential as a $70 billion a year economy, one of the largest in the region.
Iraq’s oil reserves over $10 trillion.
A vibrant country with a highly educated population of just over 22 million people, Iraq possesses oil reserves of over $10 trillion at the current market value.
Released from the repressive regime of Saddam Hussein, Iraq has the potential to become a $70 billion dollar a year economy, with one of the largest oil and gas reserves in the world, second only to Saudi Arabia.
Major industrial nations from around the world are in Iraq.
Major industrial nations from around the world are present in Iraq, either as military or civilian support, to assist Iraq in its desire to establish a safe, secure and economically sound country.
Trillions of dollars have already been pledged for repair and restoration. Reconstruction of the infrastructure including power, water, road and highways, IT and phone systems, and health and human services, has already begun. Iraq is making all the right moves.
Regional agreements.
Iraq is quickly establishing beneficial relationships in an effort to export its oil and gas reserves through already established pipelines in its neighboring countries.
Monetary system of Iraq.
The monetary system established by the new government encourages foreign investment, a key to develop a strong economy.
Central bank of Iraq.(CBI)
The Central Bank of Iraq is an independent agency, not affected by the political parties of the many factions in Iraq.
Iraq Stock exchange market.
A new iraqi stock market opened recently with over with record trading volumes pushing iraqi stock prices drastically upwards for the 27 firms listed, with over 2 billion shares changing hands in only 6 trading sessions.
Iraq Bond market.
The central bank of Iraq offered its first treasury bonds on July 18th, with broad participation of the private commercial banks of Iraq.
Iraq Real estate market.
Real estate in Iraq is booming, largely because of the severely depressed prices due to the restrictive policies of the old regime. With money flowing into Iraq, citizens are now buying houses in neighborhoods generally reserved for government officials.
Iraq Oil production.
With the new government firmly in place, the reconstruction of the infrastructure including rebuilding many of the major oil fields is steadily going forward. Iraq has signed tentative agreements with international oil companies to exploit its vast oil reserves.
Hope going forward.
It is hoped that within 1 to 2 years the oils fields will be producing sufficient oil to build a foundation for revenue and within 5 to 10 years Iraq will return to its place in the world economically, socially and politically.
Iraq is no more Saddam Hussein’s precious house because he is in the grave. In actual fact, it belongs to the whole world at large. Islam says: Allah is The Lord of the Worlds but He entrusts certain people to be in certain lands to rule for Him. As in Qu’ranic Chapter 30 Verse 22, He has excellent reasons to create languages and colours… (of His intelligent creatures, regardless of race, language, status and religion to live and die in any land as He wishes, neither overly fat wishes of “Jihadists” nor “Slovenians”). Is it true in Qu’ranic Chapter 31 Verse 34, we all won’t know we may migrate to a foreign land in future to live and die right overthere as He wishes?
The word “Insha-Allah!” means “By Permission of God” is already written in the Bible under The New Testament of James Chapter 4 Verses 13 to 17 to warn all Believers and Christians alike not to promise what we couldn’t deliver because we’d never know whether we might die before the sun rises tomorrow.
Qu’ranic Chapter 4 Verse 29 clearly states that Believers mustn’t commit suicide and Chapter 4 Verse 92 killing innocent people in the streets or elsewhere is simply reckless murder in the first decree.
Every year since 9/11, thousands of non-Muslim people in the United States, Germany and United Kingdom alone converted to Islam, despite 9/11. The terrorism of “Jihadists” is likened to a small drop of plain water in the vast ocean. If the suicide bombers are replaceable, so do anti-terrorists who believe in peaceful living. If America is marked as Satan, it is wrong to curse the land God has created. We can curse the injustice of a corrupted person but definitely, not his soul. But we can curse Satan and his soul for sure! How do we know all past, present and future American presidents are Satans? We don’t see any horns like cows growing on their heads. Sunni Muslims believe in The Second Coming of Jesus Christ together with Imam Mahdi (the future ruler of the whole world to welcome Jesus or Isa(as) personally).
As Chris Angel and David Copperfield can do magical wonders, we were told Muslim saints can do much better than them. They have even criticized that such “Jihadists” are totally wrong in murdering innocent people anywhere. The blind leading the blind is a true saying targetted at the Jihadists”. It must be a great insult to Islam! We should understand the meaning of Islam is Peace. Islam is not Terrorism at all. We mustn’t possess the tunnel vision of a frog in a well and misunderstand Islam for whole life. We shouldn’t support terrorism, even by agreeing US should be punished this way and that way.
Here, let us talk about why revaluation of Iraqi Dinars is highly possible. Please take note:
Latest news on: The Unique Situation of the Iraqi Dinar
A backgrounder on the Iraqi dinar, including details on why the Iraqi dinar is positioned for a huge rise in value.
The Iraq Dinar is set up in a very simple, almost crude fashion. The set up was a quick fix after the invasion, seeing that the banking sector in Iraq was about as developed as a model T. Without a modern bank system in place, the “crude and simple” was chosen as a workable interim model.
A Brief History of the Dinar
With Saddam’s face plastered all over it, the old dinar had to go. The Saddam dinar also was of very low quality, and could be easily forged on a simple copy machine.
After the invasion, new bills were immediately ordered, but due to the enormous amount needed, some of the old Saddam dinars continued to be printed and circulated until the new ones arrived.
The new dinar bills started to arrive, and they brought with them all the modern safety features one would expect. A wide spread of denominations was chosen, both to make the daily handling easier, and to cover for value variations in it’s exchange. Finally, a reasonable time period was granted in order to allow the citizens of Iraq to swap the old Saddam, and “Swiss” dinar in.
The Central Bank of Iraq (CBI)
The Central Bank of Iraq (CBI) was set up as an auction system, with the CBI sitting on the newly printed currency, auctioning older outdated dinars and other foreign currencies with Iraqi banks for new dinars. Now that the currency exchange has been completed, the CBI also sends nearly half of it’s daily auction of dinars to foreign banks in Kuwait, Jordan and beyond.
If you go to the CBI official website you will see the daily auction, the currency is now primarily sold in exchange for US dollars. The CBI is slowly but surely acquiring US dollars to help back the worth of the dinar. Everyday the amount of dollars in it’s vaults increases.
The exact number of dinars in print, in circulation or on hold at the CBI is exactly known. By doing some very simple steps, full control is achieved through:
1. Limit the amount a person can bring with him if he is leaving Iraq, to a very small amount (in this case, 100,000 dinar);
2. Knowing the exact amount sold to banks outside of Iraq.
Once you know the amount of dinars out there, viola, you have complete control over it’s fate. The CBI simply sells more or less to hold the dinar in a position exactly where they want it to be.
Given this situation, the dinar will not strictly be pegged. It has been called ‘pegged’ by some, but in reality you will have some small fluctuations on the dinar value, which you have likely noticed if you have followed it over time. These fluctuations are a balancing act by the CBI.
Simply put, truly pegged currencies don’t move from the currency it is pegged to.
This is the basic Iraqi dinar system. Now some may already be asking, that if the Dinar is endlessly sold, wouldn’t it flood the market, making them worthless? No, because you have exchanged your US dollars for your dinar, which helps to back the dinar through the above explained CBI mechanism.
Now, this is a very temporary system. Interested readers will of course note that any currency that is not free flowing is a hindrance to full economic development. This fall, new Iraq investment laws are suppose to be passed by the elected Iraqi parliament, allowing international investment companies (read: Big Oil) to invest.
At this very moment, oil company survey and geological teams are crisscrossing the desert, testing grounds, staking claims and hopefully not giving each other a black eye. Again, this is not Iraq government, US government, US Government contractors, US armed forces, etc. running around, this is oil companies. The future mega investment in Iraq which will help drive the economy forward.
A Question of Priorities
Some may ask if we shouldn’t take care of the violence first. If Joe Everyman is building a house, is it relevant that his young children are fighting? The short answer is that ‘Big Oil’ is operating in many areas of the world where violence is the norm, not the exception.
By last June it was announced that no more printing of the dinar is necessary, meaning that we are most probably in the end part of the ‘first stage’, and are ready for the dinar revaluation. It would be an suicidal economically to leave the dinar in it’s current low range, and let the oil companies come in ‘on the cheap’. The dinar MUST have a much higher value at that time, otherwise Iraqi will be sold off for literally pennies, or dinars, on the dollar.
While the exact arrangement of the investment law is not yet settled, deals have already been made in how the oil revenue will be shared amongst the different regions and groups in Iraq. So things are moving forward.
It is not yet known if the revaluing of the dinar will be an overnight thing, with no previous announcements, or if it will be a gradual increase as necessary. It should be pointed out that the value of many oilfields in Iraq is also not fully known, because actual modern geological surveys have not been done for decades, if at all, but even with this lack of recent study, the known reserve in the ground rivals that of Saudi Arabia. It is hoped that in the next decade, Iraq will achieve the same oil output as its southern neighbor. Nobody can deny that the potential is there.
From the time the pumps start working, Iraqi society will start getting more and more benefits from the oil revenue. The finances will be available for roads, schools, the electric grid, social programs, new equipment, better computers, etc. These oil-funded infrastructure improvements will help drive manufacturing, and in turn, generate more jobs. Social unrest is handled with police and justice, but it must also be handled with economics. A prosperous nation is a happy nation.
Finally, Iraq has been blessed with something very few Arab countries have. Water. The agricultural heartland of Iraq have one of the highest potentials of big development. With proper development, it could be the Iraqi equivalent of the orchards and fields of California’s central valley. This development and the potential of it will only strengthen the dinar now and in the future.
Exciting Times, a Positive Direction
For the dinar, these are exciting times, but even more interesting when it comes to investing in the Iraq stock exchange, because as the oil revenue will start making things possible in Iraq, the opportunities to be in on the ground floor on different investment start ups, will increase. Knowing this is a nation destined for great wealth it makes it even more exciting.
Saudi Arabia, Dubai, the Arab Emirates and Kuwait; are they rich and prosperous states? Of course they are. Why are they wealthy? Oil. Oil is money. Iraq is practically floating on oil. When do the oil companies want to start pumping? … Yesterday.
Will Iraq continue to be a poor nation? Will the dinar continue to be at it’s all time low?
**END ARTICLE**
Source: ISX Data Services.
The key point is to co-operate together and we all must quickly convey such message to all political parties of Iraq concerned that if they want to win more votes from the people of Iraq perhaps somewhere in early 2010 to increase their seats in the parliament, they must promise the voters (by God’s Permission) about the speedier revaluation plan of Iraqi Dinars at an excellent rate first to enable the poor and the needy Muslims inside Iraq to improve their living standards, better their buying power, etc.; and assure them of more employment. Iraq government must do it this way without further procrastination against the revaluation plan of Iraqi Dinars like what PM Maliki loved to procrastinate and procrastinate continuously for already some years where many investors of Iraqi Dinars still keep speculating about it till today; and most Iraqis are still wishing so much they could earn sufficient money through the revaluation plan at least to first solve their own financial problems. The present government seems to be diverting the traffic of the truth, so that the world would never realize the poorer Iraqis’ predicaments concerning more unemployment and domestic problems in the real direction.
Without final revaluation plan decided yet, underpaid oil workers in Iraq have to work more than 100 times harder than oil workers in Kuwait may do because of the great differences in the prices of the same oil products supply by both Kuwait and Iraq. Of course, most oil buyers would prefer cheaper oil prices in Iraq but when they supply to the world the petrol prices are almost similar whether it is from Saudi Arabia, Iraq or Kuwait.
Why Iraq government should keep withdrawing money to help their poorer Iraqis with free or paid rations without one small financial gain or taxes in return at all to balance all her accounts and her debts had kept and will keep piling up without a full stop right there? I am not suggesting they should die of hunger. This is not a permanent solution to the problem at all. There must be a way to teach every poor or needy Iraqi how to catch fish for their own meal everyday, not just by giving them free fish everyday at the expense of the US taxpayers or Iraq government and Iraq taxpayers without stopping.
Numerous future negative repercussions like the emergence of civil wars, corruption, criminal activities of pirates and bandits, drug syndicates, prostitution and all that you can name them may happen without any control if procrastination against revaluation plan keeps on till next generations of unemployed Iraqis emerging soon. Even greater pressures on natural resources will increase as Iraq may face a population explosion in the near future. Because most Muslim families in Iraq despite how poor they may be would love to have more children suggested by the rule of Muslim Sunnah. Is Iraq government prepared for such a contingency? Only revaluation of Iraqi Dinars would temporarily enrich all first generations of Iraqis asap. By this, the pain of poverty decreases for a long time, if not permanently, in order to welcome the joy of more future progeny emerging next. Within a few years’ time, Iraq’s economy may be more stabilized then and this is sufficient for Iraq’s democratic government to take good care of their citizens independently. Insha-Allah!
Despite money is not everything but without money, everything is entirely impossible. If such procrastination against the revaluation plan of Iraqi Dinars still continues due to corruption caused by unscrupulous governors, ombudsmen and bureaucrats, Iraq’ll suffer! Some speculated revaluation plan might happen around the time of the total US troop withdrawal in 2010 or 2011. Is it too late? Civil wars and riots can really occur once more before the total US troop may withdraw thereby postponing their departures further. Why? Such prolongation of poverty is absurd to the poorer Iraqis with sanity. Revaluation plan must be speeded up before it is too late to reform efficiently and in time. Any democratic country which hasn’t revalue her currency is an insult. Why I support Iraq? Because I have many Sunni brothers and sisters overthere. And I equally love the Shia brothers and sisters as well. And I love all human beings regardless of race, language, status and religion. We’d never know who will convert to Islam in future by God’s Permission.
The love of money is the root of all evil – Bible: 1 Timothy
Lack of money is the root of all evil – George Bernard Shaw
Does PM Maliki of Iraq himself involve in corruption so much so that the revaluation plan of Iraqi Dinars has been delayed for some years by now? I personally feel his procrastination against revaluation plan is fishy to me. The saying Don’t judge the book by its cover is an absolute truth. I don’t dare to trust him at all!
My mentor once told me this: Rather than competition bringing down corruption, corruption is often allowed to prevent competition. Apart from the general moral and ethical arguments about bribery and dishonesty and the effect they can have in undermining general respect for the rule of law, corruption is generally bad for efficiency. It leads to decisions made by bureaucrats on the basis of what is good for them, not good for the economy. Let us hope PM Maliki of Iraq is not a corrupted person as labelled by the Qu’ran as well. The future leader of the whole world Imam Mahdi is an honest person who will not, I believe, hold up revaluation of Iraqi Dinars like him for whatever reasons to prolong the sufferings of the poorer Iraqis around Iraq.
Continuous corruption in the government can prevent the speed of revaluation plan because some inconsiderate big guys inside might be pocketing more US Dollars for their own benefits, not for their economy in reality. Qu’ran keeps warning us about the many hidden corruption occurring in the departments of governments everywhere in our space age and I am one of the persons in this world who can see the “invisible colours” of their true faces. It’s okay to tell you because it’s a blog site/email here you won’t know who am I. I am gifted by God. Insha-Allah! and Alhamdulillah! You shall see the truth very soon about the hypocrisy in some “Top Muslims” and the future events of negative repercussions occurring inside Iraq if procrastination is still their usual habit.
We all, not I alone in this blog site, must convey such message and suggestion asap to the present government of Iraq and her opposition parties before the next election day may occur in early 2010. The future negative repercussions will have nothing to do with PM Maliki’s procrastination alone – any successor who procrastinates will face the same problem as well. Iraq is supposed to be a more civilised country right now after the fall of Saddam Hussein and she deserves to get her Iraqi Dinars revalued at an excellent rate to rebuild her economy asap in a fair deal like what Kuwait has received. Please be reminded that any major negative repercussion in Iraq may cause the prices of petrol to fluctuate badly again. Take note Iraq oil is much cheaper now and as I have mentioned earlier, Iraq’s revaluation plan would never affect the prices of petrol at all. In other word, Iraq’s oil prices would have nothing to do with revaluing her currency even 1 dinar = USD1.00 or much more. What is all the fuss about? The petrol kiosks in other foreign countries still charge us the same rate per gallon of petrol. Most importantly, the need to enrich millions of poor Iraqis is greater in the name of human rights rather than the need to enrich a handful of filthy-rich oil suppliers and oil buyers (for what).
Singapore is such a small dot in the world map and if she could be so financially successful in businesses with stabilized economy without any mineral resources at all, could Iraq’s future economy be better off in an even shorter period of time if she has so many mineral resources given by God under the ground ready to be shared with the whole world? If Singapore can do it, Iraq can do it as well!
China has just opened her gateway to business opportunities worldwide not long ago, perhaps somewhere around 1997. If China can do it, Iraq can do it as well! Why must the naysayers still live in the past and imagine the shadow of Saddam Hussein, even after his demise, is lingering on in Iraq. It is unfair to always keep imagining Iraq is a villain while Kuwait is a hero. Let us not only pray, just do it altogether to speed up the revaluation of Iraqi Dinars by letting Iraq governors know about our urgent message.
Please email minister@industry.gov.iq or google search for “Contact Us at USIP” to contribute our suggestions asap.
Correction:
China has opened her gateway much wider than before to welcome business opportunities worldwide when Hong Kong returned to China not long ago, perhaps somewhere around 1997. If China can do it, Iraq can do it as well!
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