Archive for November, 2009

Iraqi Dinar – Iraqi Dinar Exchange Rate

Monday, November 23rd, 2009

Lots of people have become interested in the Iraqi Dinar because of its possible investment opportunities. While Iraq is still a dangerous place and in the midst of a war, when it does become peaceful again, the national currency of Iraq known as the dinar will become extremely valuable to those holding lots of this currency.

Currently the Iraqi Dinar exchange rate is somewhere around 1,150 dinar per every US dollar and while that means the Iraqi currency isn’t worth all that much, wait till you hear how much it used to be worth. Staring in the early 1970’s the dinar had a value of $3.38 US dollars for every dinar, but after the Iraq invasion of Kuwait and the first Gulf War in 1989 the dinar started to become devalued. Due to an economic blockade of the country and the governments overprinting of their currency, the dinar was valued at around 3,000 per $1 US dollar in 1995. That’s quite a turn around in only 6 years.

As an investor you should obviously be able to see what could happen if peace once again returns to Iraq. During times of turmoil the dinar has been hugely devalued, but during times of peace, the dinar is even more valuable than the US dollar. What that means for the investor is a big opportunity to get in on what may become one of the most important financial vehicles of the decade.

It doesn’t take a brain surgeon to see that if you are an investor and you are holding tens to hundreds of thousands of Iraqi Dinar and the country once again gets stable, you are going to be very rich. If the current Iraqi Dinar Exchange Rate is 1,150 dinar per US dollar and you buy 250,000 it will cost you around $217 and if a stable government keeps the peace for a good amount of time and the dinar even gets to an exchange rate of 1 dinar to 1 dollar, you will end up with a $249,783 profit.

While there is certainly no guarantee what the future hold for Iraq and the possibility for peace, anyone that invests can see what an opportunity buying Iraqi Dinar could hold. It is probably certain that we will one day see normal business activity and government and economic stability in Iraq. When that day returns, those who have invested in the national currency of Iraq will have their investment paid off in a big way.

Maybe this kind of investment is for you and maybe it isn’t. But it is at least worth looking at investing in the Iraqi Dinar and being able to say that you looked at what could become an opportunity of a lifetime.

About the author:
Jason Stevens writes about Iraq investment,
investing and economic news on his Plan For
Iraq Dinar blog where you can buy Iraqi Dinar

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Iraq: Government pushes oil privatisation

Monday, November 16th, 2009
Tim Dobson

18 November 2009

Before and after the invasion of Iraq, the war’s goal of privatising Iraq’s oil to the benefit of Western oil corporations was highlighted not just by the war’s opponents, but also by many of its supporters.

Just before the March 20, 2003 US-led invasion, the US state department’s Oil and Energy Working Group said Iraq “should be opened to international oil companies as quickly as possible after the war”.

The Iraq Study Group, which gave recommendations to the US government in 2006, said the US should “assist Iraqi leaders to reorganize the national oil industry as a commercial enterprise”.

It said Iraq’s leaders should also seek to “encourage investment in Iraq’s oil sector by the international community and by international energy companies”.

In 2007, former US Federal Reserve chairperson Alan Greenspan said: “I’m saddened that it is politically inconvenient to acknowledge what everyone knows: The Iraq war is largely about oil.”

Iraq’s oil production was nationalised in 1973. The idea that money raised from the sale of oil should go to foreign oil corporations is extremely unpopular in Iraq.

In 2005, the General Union of Oil Employees in Iraq said: “The privatisation of the oil and industrial sectors is the objective of all in the Iraqi state/government.

“We will stand firm against this imperialist plan that would hand over Iraq’s wealth to international capitalism such that the deprived Iraqi people would not benefit from it.

“We are taking this path for the sake of Iraq’s glory even if it costs us our lives. Iraqis are capable of managing their companies and their investments by themselves.”

Only 17 of 80 oil fields in Iraq are now being developed. The potential income from Iraqi oil production is billions of dollars. Oil revenue accounts for more than 70% of Iraq’s gross domestic product and 95% of government revenue.

The US-backed Iraqi government proposed the privatisation of oil production in a bill known as the Iraq hydrocarbon law. It was approved by the Iraqi cabinet in February 2007, but is yet to pass the Iraqi parliament due to widespread opposition.

A 2007 nationwide poll found 63% of Iraqis “prefer Iraq’s oil to be developed and produced by Iraqi state-owned companies [than] by foreign companies”. Oil workers also went on strike against the bill soon after it was brought to parliament.

Attempts to pass the law have been delayed until after the national elections, scheduled for January 15.

Such opposition has meant the quisling Iraqi government has had to find other ways to push privatisation. It has done this by signing agreements with oil corporations, which are called “service” agreements.

This means the Iraqi government pays foreign oil companies for the amount of barrels of oil the companies extract, as well as compensating them for any upgrades.

This is instead of granting oil companies a particular amount of the total revenue, which would be the case under the hydrocarbon law.

Despite the oil law not being passed, nearly 90% of Iraq’s oil reserves have been opened to foreign bidders to be “serviced”. In the first “auction”, only one of eight oil and gas fields has been sold, the giant Rumaila field in southern Iraq, to a consortium led by BP.

Oil companies complained the terms proposed by the Iraqi government were “unfair”. The government responded by weakening its terms for the second auction, to be held in December.

The Dow Jones newswire said on August 25 that one change means “international oil companies will be able to operate the fields. The first bidding round had stipulated that Iraqi oil officials would be involved in running the fields”.

It was announced on November 5 that the Iraqi oil ministry had struck a deal with major oil companies Exxon-Mobil and Royal Dutch Shell for the rights to “develop” West Qurna, which has verified reserves of 15 billion barrels.

Such contracts put the companies in a good position to gain further contracts for even more lucrative unexplored oil fields, and to get much better deals if the oil fields become fully privatised in the future.

An October 22 Reuters article explained the oil companies attitudes: “Oil tycoon T. Boone Pickens told Congress on Wednesday that US energy companies are ‘entitled’ to some of Iraq’s crude because of the large number of American troops that lost their lives fighting in the country and the US taxpayer money spent in Iraq.”

No mention at all was made of the more than 1 million Iraqi lives lost so tycoons like Pickens can accumulate even more wealth.

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This article has been reprinted in accordance
to the copyright policy of the owner.  Please
visit http://www.greenleft.org.au 
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Iraq Hydro Carbon Law 2010 A Big Deal

Tuesday, November 10th, 2009

This is going to be an informal article today just because I’m working on the launch of the new site. But, the Kurdish President of Iraq has not completed a final acceptable draft for the Hydrocarbon law as of yet.

There are companies from abroad that already have the go ahead to start working in Iraq oil fields but would rather wait until this law passes. This is serious business. This also puts pressure on the Iraqi Government as revenue although shared, is tied to increased production in the fields.

“Oil based recovery…” -Jim Cramer, endorsing the Iraq Banknotes as an ‘ Iraq Play ‘ on CNBC news.

Nevertheless, an oil based recovery in Iraq is evolving by the minute so it seems. Changes seem to happen much more quickly now regarding Government progress. It will be very interesting to see what changes occur with Iraqi elections and all else in 2010.

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This article may be reprinted online or offline as
long as this box remains and hyperlinked online.
Written by Darren Chabluk for http://DrDinar.com/blog
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Dinar Reval Exchange Fee Group Rate Mastermind Call Download + Today’s Survey Feedback

Sunday, November 8th, 2009

“Darren, Mate, I have followed you since May 2005 and can vouch for your authenticity, your pure gold integrity.  I am delighted to get to ‘work’ with you with the relaunch of the DrDinar site.”
-Suzanne Giraud
Terranora, NSW Australia                         
 
“I have found your dedication to be extremely beneficial. I look to you and your service for the facts – not the hype. Your sources are above reproach and a valuable addition to your service. I hope you are there for the revaluation and you receive your rewards for a specctacular service to the people you volunteer your work to.”
-James Keene
Egg HarborCity, New Jersey USA
 
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Call Download Link
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“Thank you for help and your kindness. You have been so helpful for me since 2005 when I started to collect dinars. I look forward to the Revaluation!”
-Lars Rosenstam
Gothenburg, Sweden

“Darren has been extremely helpful in walking us through all the latest info about the Dinar.  As the rampent rumor mill spits mistruths out; It is very reassuring to be able to get the straight scoop on what is really happening.  Being this far from the country, it is easy to get bad info from the news; But Darren has always sorted through the mess to tell the real story.  I have been talking with Darren for a wille and he is the Best.”
-Jim Felch
Fairfax, Virginia USA

“You have been a focal point in this adventure of high risk investment. I told my family “I am either the craziest or the smartest woman you will ever know, and I pray for the latter.” Bless you for your calm, informative guidance. You have given me the confidence to keep believing that this is the opportunity of a lifetime.”
-Vera Jackson
Owenton, Kentucky USA

“Thank you Darren, for the endless hours you have put into this site, and the valued info of the Iraq dinar over the years, with your passion, encouragment, and past performance, I am sure the site and info will be aesthetically pleasing!”
-George Serediuk
Kingston, Ontario Canada

“I bought and liked the very first (DrDinar) report and because of it invested in dinars while still in the states.”
-Anthony Smith
Phitsanulok, Thailand

“Thank You Mr. Chabluk. I actually wake up each morning in anticipation to see if you have posted any further information about the progress in Iraq and the dinars. Looking forward for the launch date. Thanks.”
-James Patterson
Fort Worth, Texas USA

“When I first bought dinar six years ago I had no idea that it would lead to this – one thing led to another, indeed this is the best thing that has ever happened to me. I can be very grateful for people in this world like Darren. We are in for bigger and better things.”
-Edward Bailey
Pasadena, Texas USA

Membersite Launch Priority Notification List – Click Here

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Iraq Dinar Call Download: Group Exchange Fee Brainstorming Mastermind

Saturday, November 7th, 2009

The (Elite) One Time Offer
(with DrDinar Home Study Course)

 Everything delivered in the limited One Time Offer on launch day.  Reval Hotline, Toll Free Reval Hotline When the Reval actually happens.  Toll free for 75+ countries and 800+ cities, the reval hotline will provide special support for the reval event itself toll free around the world.

The above are only a portion of what will be available in a very limited special offer that every new site membership will see Only One Time upon entering the site the first time.  It’s purpose is to reward the early birds with a very strong amount of live email and phone support plus much more. 

-OR- 

(Gold) DrDinar Home Study Course Package

During the launch week everyone will have the opportunity to register as a Gold support student and receive the DrDinar Home Study Course even if you miss out on the One Time Offer. 
 
Let’s say for example that you are already a long time Dinar investor, or maybe you are new and concerned about risk.  If this course teaches one thing that can help or encourage you to increase your Iraq investment wouldn’t it be totally worth it?!
Example:  

You invest an additional $500 In Dinar or Iraq Stock Market, or other ground level areas in Iraq that you learned from your Gold membership.

Lets say that $500 additional Dinar (or other) Iraq investment produces your a return of $2000 after a reval,

$2000 return
-$400 Gold DrDinar Home Study Course package
-$500 Principal investment into Iraq economy
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$1100 Profit – Keep in mind that experts are forecasting returns much greater than the $2000 example used above which would equate to less then half a penny Dinar reval rate. 

Reval Exchange Fee Group Rate – Mastermind – Call Today
 
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We will be gathering thoughts and ideas to prepare an offer for a bank that will cator to our needs.  The idea is to try to get the lower 3% exchange fee by showing your DrDinar membership card.  All currency exchange banks charge a 3% to 6% fee to exchange currency depending on your volume.
Thank you,
Darren Chabluk
 
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Pin The Tail And The Reval – Review

Thursday, November 5th, 2009
Billy Giles Interview - CD
Billy Giles Interview – CD – Shown Actual Size

Former Secretary of State of the USA Dr Condoleezza Rice had visit Iraq in May of 2005. During this visit the World Bank, Dr Rice, and the IMF met to discuss what the Dinar could be backed at during a revaluation. Here were their respective endorsements and in US dollar/cents:

Opening Rates Debate – Iraq May 2005

.20 Cents – The World Bank
.40 Cents – IMF
.82 Cents – USA (Condoleezza Rice)

Now, assuming a revaluation of a mere 1 cent would give everyone right now a 10X return on investment I’m going to use 1 penny as the minimum opening rate as this is what Billy Giles and I have agreed as would be an absolute minimum.

Now there are three phases in my mind for a revaluation. These 3 phases have objectives tied to them as follows:

Revaluation Phases

Phase 1Before Reval – Objective: Maximize Dinar value and oil production before the revaluation.
Phase 2The Revaluation – Choose an opening rate/date that will be funded 100% and will grow
Phase 3Immediately After The Revaluation – Kuwait’s Dinar reval rate almost doubled immediately

Now, with that being said. It should be no surprise that all supporting Governments in countries around the world would have a stash of Dinar. The USA Government believes in the success of Iraq and has Dinar as proven in the Billy Giles Interview in the DrDinar Home Study Course and also in the DrDinar Report Version 3.

The media does not always hear of news first. Especially if there is a non-disclosure involved and something ‘slips out’ during an interview.

When Condoleezza Rice endorsed a rate of .82 cents we must assume that the USA Dinar stash including a profit forecast of George Bush Jr’s notorious shipment was equated into such rate. Therefore allowing .82 Cents to the Dinar to not be a total farce.

Revaluation Exchange House Fees

Now despite what the opening rate will be, the local banks that will exchange Iraq Dinar for you during and after the revaluation will charge a nominal fee anywhere from 3% to 6% just as they do with any other world currency conversion. They need to make money so that’s why they do it.

Who gets the lower 3% rate? Let me tell you, high volume exchanges, and GROUPS. At DrDinar we will be negotiating group revaluation rates for possibly all our site members including basic free members.

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Written by Darren Chabluk, sign up for the
site launch Priority Notification if you have
not already done so at
http://DrDinar.com
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Breaking News: DrDinar Re-Launches November 10th 12 Noon Central Time

Monday, November 2nd, 2009
DrDinar Home Study Course & Version 3.0 of DrDinar's Report

DrDinar Home Study Course & Report

This photo was taken by Tim Newman from Disk.com near Chicago IL, USA.  I don’t even have my kit shipped out to me yet!  I can’t wait any longer, the site is not even 100% finished yet, BUT, I’m now 100% confident all will be ready for our November 10th launch 12 noon central time. 

I’m about to drive home 830 miles with my commercial vehicle and park this diesal guzzling vessel for 2 weeks to make sure everything goes without a hitch.  There is lots of work to do this week for the site but I have to launch in 7 days, that’s the deadline, this is a serious commitment now that you know. 
 
The DrDinar Home Study Course will allow me to help many more people all at once, and if you are serious about your investment this kit will make for a wonderful addition to your home library.  Enough about the course.   Were going to do a call soon!  Billy Giles will be invited, Billy is the man I interviewed back in Feb this year.

 Billy and his friend Harry worked in Iraq together and this Billy Giles Interview has been in the DrDinar Vault ever since.  Harry recently passed away from a disease that attacked his heart, a rare disease that is known to be contracted in Iraq region. 

Harry, is the man who told the incredible story of how he personally counted and certified the dinar count of former President George Bush Jr’s massive Dinar banknote purchase for possibly the USA Government.  Harry’s portrayal of this event was a truly theatrical performance, and true I might add. 

I cannot tell you Harry’s last name as I have not permission to do so but I can tell you that Harry’s wife will receive the above course as the gift I had intended for Harry. 

I will be drinking a few power drinks to stay awake tonight on the 800+ mile non stop treck home, but, looking forward to seeing your comments and questions.
 
The membership site will have a free basic membership and I plan to make the basic membership extremely informative for the community but I will need all the feedback I can get to make it our new home online comfortable for all who step in. 
 
Yours Truly,
Darren Chabluk
 
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Sign up for the priority notification list at:
http://DrDinar.com
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Dinar Currency Endorsed By CNBC’s Jim Cramer

Sunday, November 1st, 2009

Jim Cramer has been my stock investing mentor for almost 2 full years now, and this video shows Jim’s view on Iraq investing.

Although Jim is sceptical about all new types of investments especially in post war countries Mr Cramer endorses the Iraq Dinar currency as an ‘Iraq Play’.  In a nut shell, this is a full endorsement of the banknotes and currency held in accounts, Iraqi Dinar.

Anyone who has ever watched Mad Money with Jim Cramer on CNBC or listened on satellite radio to his show knows that Jim is an investing expert.  Even the US Treasury Department keep a close eye on Jim’s advice.   Jim keeps a close eye on the US Government too! 

Regardless, Dinar currency is a go in mainstream media and Jim would be the one to initiate such initiative.  Five years ago Iraq Currency would not be endorsed on national TV but the investment has matured to the point where the only main risk is in the contacts and procedures by which the opportunity is accessed. 

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Written by Darren Chabluk for http://DrDinar.com
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