2010 will be great. Lots happening. Elections in Iraq, followed by the Hydrocarbon Law passing. And in summer, there is suppose to be a large US troop withdrawel so, we will see what good gets squeezed out of this.
I plan on having a call this week, maybe on new years eve, not sure….,
Darren Chabluk
Iraq Ministry Of Oil Set To Be Leading Oil Producer
If you are like me you like to take the good Dinar news with the bad. Ad Melkert with the United Nations is Iraq’s leading UN official.
“I’d like to tell everybody that seven years is not a lot. You see enormous changes in a country that actually has never seen different centres of power competing in a peaceful way,” Melkert speaks out, in a ‘Reuters’ interview.
Progress does not only exist in curbing the violence in Iraq. The Iraq Ministry of Oil is signing deals pending full force with the new profit sharing Hydrocarbon Law that will put Iraq on top as a world leader in oil production. But, Melkert warns that world expectations are too high for a substantial oil based recovery when in fact the fruits of the labour will take a little longer than some are hoping for.
Delay in the Iraq Parliamentary Elections is a prime example of how a revaluation of the Dinar will take longer than a few weeks or a few months. The elections are now set for March 7 from it’s original end of January date.
“I do not believe a revaluation will be used to harness elections there is simply too much chest beating and slamming doors from Iraq blocs over money as it is. The elections need to be dealt with using massive UN security, not CBI revaluation revenue. It would just add fuel to the fire at this point.” – Darren Chabluk, DrDinar.com
UN will use some 250,000 observers to watch over about 50,000 voting stations in Iraq for the pre-spring elections in 2010. The worst of the insurgency from 2006 to 2007 is over but not yet fully defeated.
Iraq’s Maliki’s shot at the title for a second term as Iraq’s leader is under heavy fire, were talking bombings and such, against his own Government buildings.
US President Obama has been keeping pressure on coalition leaders in Iraq to reduce troops from a current 115,000 to some 50,000 in Iraq by late summer 2010. This movement has prompted Iraqi leadership to come out of the woodwork hell or high water.
Iraq’s new 2010 leadership team will be the Dinar revaluation team leading the country into it’s maximum oil production alongside oil rich Dinar banknotes. As for a definitive time line, one could expect 1 or 2 political terms for next years elected Iraqi Prime Minister which overlaps with a 2009 forecast of 5 years or less prediction for a revaluation.
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This article may be reprinted online or offline as long
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Written by Darren Chabluk for http://DrDinar.com
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Russia’s Lukoil failed to negotiate a bypass of the auction process to lock in Saddam era perks although Lukoil did win the bid this last Saturday for the West Qurna Phase 2 field. Iraq’s West Qurna Phase 2 is like the T-bone of oil fields as far as winning bids are concerned.
Iraq’s Oil Ministry is now finished it’s second round of bids.
American based Exxon Mobil won a major bid and is now lock and load on Iraq West Qurna Phase 1 oil field. Anyone on the ‘America ain’t getting deals’ bandwagon may now officially admin they were jumping the gun.
A quarter stake in the Zubair oil field will have to do for American based Occidental, who also won a bid.
Chinese oil companies are aggressively seeking some firepower in Iraq oil deals too. There is only one thing more dangerous than owning a gun in China, loosing it.
Violence has been stronger with the coming 2010 Iraq elections and could be a deterrent for some companies. The Iraq Hydrocarbon Law once in place will help ‘Iron out the details’ that are keeping some companies at bay.
It is time to stake your claim in the Iraq investment arena if you have not already done so. The Iraqi Dinar will be going up again, how much? Who knows, but it will experience another upward spike before the Dinar revaluation. Elections in Iraq are being met with violent opposition, this happened with the last elections too.
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This article may be reprinted online and offline as
long as this box remains and is hyperlinked online.
Written by Darren Chabluk for http://DrDinar.com
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99 Dinar investors participated on a recent survey to produce the following results when asked:
“Despite what you currently have, are you prepared to purchase more…” (check all that apply)
Dinar Banknotes – 67.0% of investors (ORANGE) are prepared to purchase more of the notorious Iraq Dinar banknotes which is by far the most popular form of Iraq investment with a two third majority overall.
Dinar in Iraqi Bank Account – 38.5% of investors (DARK BLUE) are prepared to take steps towards opening a Warka account. The procedures by which are available in print, CD, and step by step email coaching with the DrDinar support site.
American Based ‘Iraq Play’ investment – 34.1% of investors (PINK) want to put money into an American based Iraq investment. The advantage of such is that you invest locally at your own bank in things such as Iraq based funds that are traded on the New York Stock Exchange. Simple, easy, and access procedures are very safe.
Iraq Stock Accounts – 24.2% (PURPLE) want to put funds into the Iraq Stock Exchange via a Warka account. There are many ground floor opportunities with the ISX. Procedures are outlined in DrDinar’s Home Study Course and Report version 3.
The remaining portion of the pie chart include such things as Iraq Real Estate at 8.8%, Import/Export with Iraq at 12.1%, Iraq based business with 7.7% and Other Iraq based investments not listed at 16.5%
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This article may be reprinted online or offline as long as
This box remains unchanged and hyperlinked online.
Written by Darren Chabluk for the #1 Iraq Investment
Support Site http://DrDinar.com
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Group Fee For Dinar Reval Exchange
If you are like me you wonder about the day that you will cash in your Iraq Dinar currency after the Dinar revaluation.
As a Canadian who travels to the USA several times a month with my commercial truck I find myself exchanging Canadian dollars for US dollars often. I will now use the Canadian/US currency exchange as an example of the idea members of our support site and I are working on.
Last time I bought US dollars for my trip from Canada I got the rate of about $100US for $107 Canadian dollars, even when the official exchange rate at the time told me I would pay $102 Canadian for $100US.
Let us take a closer look at what just happened shall we…
The exchange rate for US/Canada exchange told me that I would pay $102 Canadian for one picture of Ben Franklin on my $100US banknote. But the Canadian bank doing the currency exchange for me actually charged me $107 Canadian, not $102. Why? This is called a gap. And this gap is the private exchange banks profit.
Now, when exchanging one currency for another, the bank fee rate you get (not talking about exchange rate) this fee depends on your dinar currency exchange volume. Those with a higher volume can negotiate a lower fee on the currency exchange.
As a group, somehow, someway, I think we can get some kind of deal from the bank for members of our Iraq investing support site. I will be posting more findings on this as time goes on in the DrDinar forum section of the site.
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This article is written by Darren Chabluk
For http://DrDinar.com This article may
Be reprinted as long as this link remains
And is hyperlinked when used online.
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