Hey Dinar Team, next week I will send you a (free) pdf report where I answer each of these actual raw unedited survey responses like were are actually having coffee together. The purpose is to help share real time information about Iraqi Dinar Revaluation by studyding some (not all) of over 230+ survey responses from around the world. Each of your responses are separated below by a white horizontal line. Sorry I could not put all 230+ responses on this page!! Thank you to everyone who submitted feedback!! : )
Results Start-
I would like to be able to verify that my Iraqi Dinar are real! I bought them from what I believe to be a trusted source (local to me) and I have looked at the security features online and they compare favourably to my notes but I’m still not 100% sure!
will it ever hit????????
I would like to know in what time frame will Iraq become independent, take over their country, and as a result , the Iraqi dinar hits the world market?
why is the dinar stagnant. no one is bombing pipe lines so where is the dinar move up were waiting for???????????????????????
I have no Frustration.. Also There is no need for me to talk about something that will be eventual.. So Aspiration is a short walk,,..Walking is a good thing.. Thanks Doc.. Enjoy your Letters..
No real movement (either way) since I have held this money for the past six years. Is it going to go? Bought for long term, but any little bump would be a nice victory to see.
All the different dates for exchanging that constantly change which do nothing but put money in the dinar pumpers pockets.
I would like to know what benchmarks to look for in the stabilization of the Iraqi economy that would permit the appreciation of the Dinar.
Right Now the Iraqi Dinar seems to be the 21 Century Fools Gold.
Oh, Darren, I would so LOVE to see the USA (or “peace keeping forces”) pack up and get out of Iraq so that its people and economy can reclaim their own Freedom of Choice. I intend for this to manifest before the end of this year – despite what any “smart analysts” project as reality is about making the “impossible” possible, right? Thank you once again for your delightful engagement with the believers of the “impossible” Iraqi Dinar, Suzanne
waiting so dam long
Date and Rate! LOL
I think a recommitment to Iraq is needed by the world to spur on the qrowth of Iraq and to keep the bad guys from thinking we are just going to give up. A stable Iraqi government is the best answer for a strong Dinar entering the world market.
Significant progress in Iraqi economy depends on increased oil production. when will they realize this and get their act together?
Oh Wow!! This would be the good opportunity to vent. I have been an investor since March of this year and my group had a false alarm that the dinar had actually rv sending countless individuals into banks causing a huge panic amongst the tellers. If they didn’t know anything about the dinar, now they do!! trust me!! My main frustration of course would be nailing down a date on when this is going to happen. I would love it to come out at 3+ but the main thing is getting a date. After reading the forums for months and looking at events happening in the news I would say that we are very close. So I would have to say a good solid date on when the country of Iraq plans to rv or ri their currency.
main aspiration would be to pay off my house mortgage, my children’s mortgage
That I’m so fortunate to be involved in this endeavour.
i would probably discuss my plans with you about how i would utilize this new found wealth when it reval’s. Which would be to send my mother to Asia to be healed by the medicine-less hospital there for Alzheimer’s.
Is this a true opportunity or something pumped up by the dealers? Will we be screwed by a LOP? Will they consider Dinar bought from dealers illegal and only cash in Dinar “in country” or that purchased from Banks. “Just the facts Mam”
What is left to overcome before the World Bank, ICC and IMF places a value on the Iraqi Dinar so that it will be an International Currency?
Are we just spinning our wheels? – are we just hoping for something that will never happen. It appears since the US is purposely being destroyed economically, why are we going to be allowed to profit. We are going down. Iraq is already down, they can’t pull us up when the world controlling bankers are forcing us down. The dinar was a hope at one time but now is a joke.
Frustration? None – I buy dinar in Bahrain. Aspiration? My hope for an increase in value versus the dollar is my main purpose for owning dinar. A concern at present, is one, what if the dinar will change series and remove a few zeros like what happened in Argentina in the 80s? I am confident, however, about dinars value to what was paid for initial purchase. So far I’ve increased my investment… much better than my stock portfolio during the recent past.
Well my main Frustration is how long its taking for the dinar to reval. Also we never hear the good news as to what structure is being placed in Iraq and how the dinar is currently being used for purchases. Its like the hold on and wait mentality. i own 1.5 million Dinars yes i know i am small potatoes but it the dinar revales to even 50 cents in the next tear i would be very happy as then this investment would be my retirement. Have a great Day. Larry
I know it will happen any time now. Frustrated that I do not have the cash flow to purchase more of it. Very much aware the dollar is loosing value. There is no other investment out there that will return as much as this currency, even precious metals, stock, commmodies, etc.
Darren, I purchased 1 million Dinar just after the dinar was redone. I am not a person that follows how it is doing because I knew it was a long shot from the start. I hope it plays out well but they will sit in my safe and I will not worry about it. I guess time will tell eh?
After learning of two oil companies recent acquisition for the rights to drill for oil on a plot of land larger then the space that cover Prudhoe Bay Alaska oilfield, by BP and a Chinese oilfield company… how come were not seeing more news about the future prospects of Iraq now in the news, over before the release of rights to drill and sell the oil in a large portion of Iraq that has an ocean of oil underneath it.
For me it’s the length of time it has taken. It has been six years this month and that’s a long time to wait, but we have to roll with the punches. Whatever it takes to do it right, I’m ready to shut down my business and have fun.
whether there really going to make a come back, and be really be worth anything ever again? How Saddam, pulled the wool over everyone’s eyes to get the dinar at such a great level?
Will there ever be a great return on investment.
What will it really take for a substantial RV!!!
I would think everyone would want a crystal ball as to when the dinar would be revalued. I made my purchase 3 1/2 years ago.
I think the dinar needs to be revalued so the people in Iraq do not starve, but the only problem is the security. If they revalue it now all hell could break loose if they had lots of money. What do you think?
Who in Iraq is thinking of the People?? What they have been through and what they have sacrificed? These people need a good monetary system so they can get on with their lives. A few people I know want to go to Iraq and invest in some land and build quality affordable apartments or stores or markets so people can have their lives back. We pray for them that the RV will bring back their lives. val
does obama have/know anything about it and does it make any difference?
Will it ever regain it’s prior value, will we see a repeat in history? ie. Kuwaiti Dinar, German Mark?
When is the Dinar going to take off and become a part of the International Banking System?
I would like to know how will the Iraqi government handle the open stealing of oil from the oil fields. This is a big draw back on the building of the Iraqi economy. It seems that people in the government are involved.
Is this really ever going to reval? When and what rate? Is this a scam???
I would like to talk about why so many, apparently, intelligent people believe that a million dinar will be worth a million dollars ’soon’???????
the fact that it is taking so long for the violence to end so we can see some light at the end of the tunnel finished a lot quicker in kuwait, dont get me wrong darren i am purely in this for the money u may call this my super fund and i need it to work
My main frustration is not knowing how much dinar I should purchase. My aspiration is to see the dinar go to $2 to $3 per dinar over the next 18 months.
How the global recession is affecting Iraq and having a impact on the currency as a whole.
HOW LONG TILL PAY OFF!!
I have no frustrations. I am very happy with the progress of my dinar investment. In August 2005 I purchased 3042900 IQD for $2070.00 when the dinar was 1472. Since then the dinar has grown considerably. I now have a USD value of $3257.72 for the 3757777 IQD in my account at Warka Bank. When I invested in ‘05, I really had no hope for much action for maybe ten years, give or take a year or two. The Iraqis are wise and very capable and Iraq is a solid investment. Investing in the IQD really isn’t much of a gamble, but if you are not real patient, just like playing poker, this game isn’t for you. I liken the imminent revaluation to the Second Coming. We know this is the season, but no man knows the day nor the hour. It will come as a thief in the night with no warning. Be ready. Drive on with great faith fellow Dinarheads. Fortune Favors the Brave
okey hallo everybody! I hope the flach from the blue sky has make up it’s
mine . I bought 5mill in 06 and I have been on the lap top everday day and
have finding ever day something usefule.so now the time is in everybody
and the best wiches to you Darren and thanks so much.
Sometimes people can not wait I bought 2mil while I was in Iraq in 2004 and have watched the Dinar very closely it has had a stead rise just give it a little time , good things come to those that wait thanks Darren for helping keep me informed
I contributed suggestions to the US president regarding speeding up the RV plan for good reasons. If you like to contribute your points to the US president, please google search for “Email to President Barack Obama” and then you click on the search result showing the same and from there onwards, you must follow the instruction. If you are not in US, just put “New York” & its zipcode is “10013″ to bring you to a validation code to type in and finally, your email may be successfully sent after the click.
Please to show you a sample of my several suggestions to Iraq Ministers concerning RV plan 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
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 and simply speculate for years without any result yet, just do it altogether to speed up the revaluation of Iraqi Dinars by letting Iraq governors know about our urgent message, too.
Please email minister@industry.gov.iq or google search for “Contact Us at USIP” to contribute our suggestions asap.
Below is a link which has a couple NEWS videos on investing is Iraq and the Iraqi Dinar. Found it interesting.
Follow the link below to watch CNBC’s Jim Cramer’s push for the establishment an ETF (Exchange Traded Fund) for the Iraq Dinar. You have to watch it to believe it!
In another video, General Petraeus discusses the amazing fact that many military soldiers who served in Iraq are now returning to do business in Iraq. What do they know that most don’t?
Watch this a more here:
http://www.investorsiraq.com/portal.php?pageid=video
I sent another email to US presient to correct one statement:
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! 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.
More than 1,400 years back, Prophet Muhammad(saw) in his Hadiths
forewarned about the future Babylon’s major repercussions and poverty
caused by the swiftness of divine retribution despite her land is filled
with blessed hidden treasures. Saddam Hussein was not an uprighteous
ruler then and too much corruption had been occurring during his time.
More serious crimes were unsolved and most Iraqis were not trustworthy to one another.
It is a truth that the majority of the younger generations in Iraq
existing right now may not be honest to you because of their upbringing or fear that they may be harmed. The poorer ones may have no education or left school at an earlier age. Such hooligan behaviour is understandable.
At present, many police officers and soldiers are corrupted. They want
to be bribed to only enrich themselves. How do blame PM Maliki? Iraq is a vast land filling with all kinds of people and it is a culture shock to
travel around there. It may be a great surprise people have voted for PM Maliki. If you can rule The United States, it doesn’t mean you can do
likewise in Iraq.
However, Iraqis can be grateful and loving to you when you can give
them more time to trust you much more. Despite how conservative they
might be, there are ways to help them understand the need to change and improve along their way. I had many Iraqi friends in the past, so I do understand how they behaved differently.
Sir, I hope you can create a revaluation plan of Iraqi Dinars (dinners,
huh?) asap to stop the prolongation of Iraqis’ sufferings due to poverty.
Please study smart how to reach every poor Iraqi family in every corner
of Iraq and get their personal feedback soon whether revaluation plan can be of great financial help to them. Do not let anyone overthere be
uninformed when you have decided to suggest revaluation plan with the
world but it has to be highly confidential in your movements in Iraq
because you do not wish the big players to spoil all the currencies
connected.
Sir, please save the world economy particularly in the west and non-China countries by rebuilding Iraq. In reality, China has spoiled the economies of many countries these days. We need Iraq to strengthen many countries’ economies as well and I believe you can find the right way with your own trustworthy economic advisors. If you are willing to help Iraq sincerely, Iraq will certainly be grateful to you. For heaven’s sake, please do not allow China to know too much about all your lucrative ideas.
Thank you very much for your perusal!
Sincerely,
Muhammad
I am a Sunni Muslim, too. I don’t curse Saddam Hussein but I curse him for what he boasted which he didn’t possess – nuclear capabilities and the other idiot who was called president Bu(ll)**** believed him so much resulted in an unfortunate case of many innocent Sunni and Shia Muslims killed in the combat operations with the US troops, so unnecessarily. If Saddam Hussein was an uprighteous Muslim, why must God allow the new government to send him to the death gallows for good? Fancy that the then president Bu(ll)****( who still doesn’t read newspaper at all was given an authority to lead the US troops into Iraq without educated plans and war strategies. Iraq is a big land with all kinds of different Muslim denominations who don’t agree with Saddam Hussein’s belief. This was likened to engaging a qualified butcher to lead a team of qualified surgeons to perform surgical operation on a patient.
However, without such a tragic event, we won’t be investing on Iraqi Dinars right now hoping the currency would be revalued asap. Therefore, please do not still hate and curse Saddam Hussein anymore.
Blessing in disguise, eh? Only God knows all! Just do it! as Nike says.
UN Meeting regarding Iraq last Friday…
U.N. Security Council Meeting regarding Iraq
As you know, the U.N. held a meeting regarding the situation in Iraq last week on Friday. Many people speculated it was going to address Chapter VII sanctions against Iraq and lead to a possible Revaluation (RV) of the currency and open up Internations Trading for the Iraqi Dinar, which was also what this Google Translated article supported. Latest intel suggests that …
Latest intel regarding the U.N. meeting is suggesting that Chapter VII sanctions were not addressed. the United Nations Assistance Mission, however, was extended for another year.
As set out in resolutions 1770 (2007) and 1830 (2008), UNAMI is tasked with assisting the Government in the areas of elections, reconciliation, the resolution of disputed boundaries, human rights and humanitarian concerns, as well as reconstruction and development.
This is not to say that an RV cannot take place anyway, but it does appear that the U.N. is not keen on allowing Iraq full freedom just yet. We will, of course, be monitoring the situation closely.
This entry was posted on Monday, August 10th, 2009 at 10:44 am and is filed under
What is the real potential for the Dinar to revaluate? I have held dinars for years and just wonder what the network says about the value of the dinar to the dollar? Will it really change or just chop off some zero’s as I have seen in many countries?
Please reply…I would like to know
Why do I have to pay such a premium to buy a foreign currency?
The exchange rate is $882 per 1mm Dinar. But I can’t buy them for less than $1000!!
Even Bank of America wants a 25% commission.
Any ideas?
I emailed to President Barack Obama on Thursday 22 of October 2009, as follows:
Just look at China’s currency rate since the day it was revalued after communism was fading away. Why is her currency rate still remaining very low despite it is still rising slowly? Their cheap labour to worldwide’s markets is killing numerous businesses in the west by creating more redundancies, every year. One of the giants called Maersk in the shipping business is heading towards hell. Why? Could China’s cheap offers spoil the markets of the west? Of course! If the currency rate of Iraqi Dinars is not revalued asap, Iraq will be the next “China” to kill the world economy of the west within a few years’ time due to cheap labour as well. Is not “Once beaten twice shy” sufficient to feel the pain of repeated economic downturn particularly in the west? Truly, “An ounce of prevention is worth more than a pound of cure” should be a good advice to “Procrastinators”. Please be forewarned that Iraqis are shrewd, if not a cunning fox like the many Chinese in China.
Please revalue Iraqi Dinars asap, Mr President!
Mind you, mine is Singapore time that I emailed.
I used the statement of Roger Isaksson as a sample and emailed again to US President, UK PM, numerous key bodies of IMF, World Bank, Human Rights, etc. who might be directly or indirectly connected with the possible RV plan of iraqi Dinars in future. People like Roger Isaksson and I do not believe in sitting down on a chair infront of a desktop or a laptop clicking on a mouse for blog sites to tell us uselessly about rumours and speculations of Iraqi Dinars for months and years which is likened to ex-US President Bush continuously believing all his stupid military advisors that Saddam Hussein’s regime had nuclear capabilities and that Saddam Hussein must have believed he was the young David who could easily kill the Goliath. Please, Bloggers! Do not dream a revaluation plan could simply happen very soon or later just by doing nothing but watching the square box everyday. We all must contribute our constructive suggestions to US President to do something about revaluing Iraqi Dinars at an excellent rate asap. My personal fear is that if the prolongation of RV plan happens, more poorer Iraqis might need to go out of Iraq soonest possible, if not to commit crimes, to earn “better money” to feed their big families in Iraq.
Every year in Singapore alone possibly caused by an incompetent policy, there is a large growing number of Chinese from China taking over our jobs from public cleaning agencies to government agencies leaving many Singaporeans jobless like 2nd citizens. Do we need more cheaper labours elsewhere to take over, for an instance, Maersk businesses where their overseas connections in Asia are still affected by more redundancies and hence, retrenchments, retrenchments and more retrenchments every year? I was retrenched by Maersk as well because of China’s own cheap labours and big marine containers proudly named under the Chinese overriding giants owned by the west. Iraqis will do likewise to kill future global market much more. This is likened to the World War II where German invasion occurred in the west whilst Japanese invasion occurred in the east between 1937 to 1945. Absolutely true, business wars are equally bad!
US President has a blog site meant for us to contribute our constructive suggestions to improve anything from toilet bowls to time-travelling machines. Just google search “Email to President Barack Obama” and if we are non-US residents, please just enter “New York & its zipcode 10013” in order to go to a final site of “Validation” we must click on to successfully send our message to him. Without clicking on the “Validation”, our message won’t be sent.
If Iraqi Dinar is revalued at an excellent rate in time, we would already have put an invisible wall against the “future Iraqi invasion”. Co-operation from all of you bloggers is absolutely indispensable and let us raise up the voice of American pragmatism to improve and protect our global market, so that giants like Maersk will rise again to protect our jobs for a long time, if not permanently. Despite I was retrenched by Maersk I need to voice out as well. I do empathize with Maersk families having the same fear.
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 follows:
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
I have emailed to many key bodies like: , , , , , , , , , , , , , , <delegation-new-,,, , , , , , , , , , , , , , , ,
Please try to email them to suggest ideas related to revaluation plan of Iraqi Dinars. Don’t just sit here and keep dreaming RV could happen tomorrow. Nike says “Just do it!” Anyway, good luck to us all!
, , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,
Still the same – very sorry indeed!
Mind you naysayers, despite the fact money is not everything but without money, everything including true love these days, is totally impossible. Why?
Love of money is the root of all evil – 1 Timothy
Much more truer than the above excerpt from the Bible is:
Lack of money is the root of all evil – George Bernard Shaw
We couldn’t be a good spouse without sufficient money to survive.
Great majority of divorce cases is due to lack of money. Check it out!
Jim, removing zeros from a banknote is a function of a devalue, we are dealing with a revalue simular to that of Kuwaits revalue. So, you must compare apples to apples for an accurate guestamate.
I have emailed cc to many world key bodies to state my strong points right here:
I would like to know what have you to suggest to improve all my key points here? My second reason for emailing all important world key bodies is to hope everyone here is an extra helping hand and not a yes-man to the blind like ex-president Bush who led the blind to the gutter of failures and more failures badly affecting the global market altogether. Appointing any political leader who doesn’t read newspaper everyday to update himself is likened to allow a qualified butcher to lead a team of qualified surgeons to operate on their patients. My contribution of suggestions is not just about enriching myself, you all or the Iraqis. I have fear because of the Devine Voice I have received last month and I daren’t say I am qualified to receive such a message to warn all of you who are appointed to guard the world economy. But however, we need to carefully focus on one important popular proverb in the past generations of the British I still love so much: When we have gold, we are in fear: when we have none, we are in danger. Please do revalue Iraqi Dinars at an excellent rate soonest possible to save us all from future further more economic downturns which could be unintentionally caused by the “Iraqi Business Invasion” in the west first. The concept of cheap skilled labors is likened to a dirty person jumping into a clean swimming pool filled with considerate swimmers around. Every country wants cheap skilled labors but it is not right to do it at the expense of a hand-to-mouth existence in their own country. I was also a victim of redundancy and retrenchment. Therefore, I do empathize with all other victims of the same. Please share and understand the need not to keep procrastinating for any changes to improve global economy. We must remain in one mind showing solidarity.
Another email to the US President on Saturday 24 October 2009:
Dear US President Barack Obama,
Sir, I would like to stress more important points of revaluing the Iraqi Dinars at an excellent rate asap right here in the letter of my appeal to give the voice of American pragmatism in support of revaluation plan an added weight of truth. It is not just about protecting the Kuwait’s economic power alone despite the fact the fast-growing oil business in Iraq will definitely affect Kuwait’s oil business in a bad position sooner or later because of the vast differences in oil prices. It is more about what a new Iraq can be – the possibility of Iraq becoming a future copycat of China’s economic power is what we most worry next. As a matter of fact, China was then secretly learning the tricks of India’s economic power in the past, of which many didn’t actually realize. Fancy that the fools have rushed in where angels feared to tread. Those daring fools are now filthy-rich in China and some have migrated elsewhere to do business.
Allow me to contribute an excerpt from a good book written by two qualified business experts Wee Chow Hou and Lan Luh Luh on “THE 36 STRATEGIES OF THE CHINESE”. It is an inspiration so comprehensible to any layman, as follows:
Without doubt, China is becoming a stronger economic power by the day. The Asian economic crisis which precipitated in 1997 clearly demonstrated the increasing influence of the Chinese on world economy and politics.
That China will emerge as a powerful economy in the twenty-first century is no longer a question for forecasters. It is now a reality. Thus, it is imperative that we learn to better understand the Chinese psyche, especially in the realm of business.
Despite its modernization and entry into the free market economy, China’s five thousand years of history, culture and value systems still dominate the way Chinese think and behave. Confucian ethics, Taoist influences and other ancient Chinese classics still form valid reference points for understanding Chinese behaviour.
Well-known Chinese classics have often been cited as important driving forces in the minds of Chinese strategists. Sun Zi’s Art of War, the annals of the Three Kingdoms, Water Margin, and several other Chinese military classics are good examples. Indeed Chinese war strategies have become topics of research, especially in their application to business. This is not surprising, considering the fact that the Chinese have a saying that the business world is like a battlefield.
The “Thirty-six Strategies” are well-known to the Chinese and are frequently applied in business practices. No one can pinpoint the exact period in which the thirty-six strategies were written, nor the exact combinations of strategies that constitute the thirty-six. However, through the years, scholars have expediently adopted the thirty-six strategies as a set of common tactics used by the Chinese.
Though widely known and applied by the Chinese, these “Thirty-six Strategies” are less familiar to others. Even less-known are their strong applicability to business. This book attempts to bridge this gap of understanding between the East and other cultures of the world. It seeks to provide a timely insight into the mind of the Chinese strategist.
In business, China may be extraordinarily shrewd but Iraq is definitely not that stupid either. An appropriate fast action is needed to fix the Iraqi Dinar at an excellent rate is not just to avoid destroying Kuwait’s stabilized economy in the near future as well – that I must remind you once more – but as a justifiable reason to prevent Iraq from emerging as a “Second Chinese Business Invasion” possibly first attacking the west in the next round of more business wars very soon. It is the same supposition of many experienced business planners with remarkable foresight, of whom I have met and learned for years. We must save all business giants like Maersk from sinking slowly into the seas of failures without further delay. I was retrenched by Maersk not long ago due to redundancies in Singapore badly affected by the ongoing “Chinese Business Invasion”, perhaps.
Sir, I have sincerely contributed such a constructive suggestion because I hope everyone is in the win-win situation enjoying the same equal democratic rights to have a legal job to support their family for a long time, if health permits. Be very inspired: Weak things united become strong. In Strategy 3 among the “Thirty-six Strategies”: Killing with a borrowed knife, many shrewd Chinese big players in Asia, particularly in China, may often apply this strategy for a temporary solution but please be wary of such expedient to help prevent endangering the economy of the United States of America with all unproven and incompetent economic policies because many Asians still depend on her economic strength for survival. Do not allow any country to use other country to destroy your country, sir!
That’s all!
Sincerely,
A concerned retrenched Singaporean with sanity