DrDinar Blog

Mayonnaise on a toothbrush is being used to clean crude oil off the sea turtles inner mouth in the Gulf of Mexico. It’s a very sad situation for the animal lovers and environmentalists. The cost of the clean up including changes in consumer buying behaviors, limited availability of consumables such as shrimp from the Gulf;  The entire world is going to feel the ripple effect of the BP oil spill one way or another. But what about your dinar?

You can expect to receive a DrDinar survey by email in June 2010 about this exact issue. Oil Prices, Oil Supply and Demand… After gathering data from our network of Dinar investors we will have a call to discuss the pro’s and con’s of the situation regarding BP’s oil spill in the Gulf of Mexico region. Can any good come out of such a bad event? I challenge you to learn something new about the situation, and if you can learn something new than something good has become of it. If our dinar can go up with increased oil prices over time from the BP event, then so be it. Very controversial indeed but somebody needs to talk about it’s relation to the Iraq Dinar.

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This article can be copied online or offline as long as
this box remains and is hyper-linked online. Written by
Darren Chabluk for http://www.DrDinar.com
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by Penelope Rock

Saddam Hussein, the famous Iraqi dictator, may have already been castigated and been put to death because of his innumerable violation of human rights and for other abuses made during his rule but his remnants are still present in the land that he considered home yet he liberally abused.

Now, the Ministry of Science and Technology ordered the dismantling of the last nuclear shell that Saddam has made and believed to be the heart of the late dictator’s nuclear weapons program development. Though today the place is already barren and uninhabited, the ministry still sees several reasons to finally clean the area to prevent further contamination.

The place is the Tuwaitha Research Complex in Iraq, just about 18 km southeast of Baghdad. It was first hit by an Israeli missile in 1981 and destroyed again in 1991 during the gulf war. In 2003 invasion of the US, the place has been raided again and was looted with important things. The complex was said to have been Hussein’s main laboratory where he has created several nukes. The presence of radioactive materials found on the place seems to prove that the place was once a laboratory that intended to develop a nuclear thing. Thus dismantlers are cautious enough that they wear appropriate protection to their bodies like lab coats and masks.

The site has been flooded with scientists and radiologists all covered in masks and protective gears and distinguished in their white lab coats. They were there to extract and recover any sign of radioactive contamination and decontaminate the place. But they are positively convinced that it will take them about 2 decades before they can fully achieve their goal.

The bombings had caused for radioactive leaks that are now becoming nightmare in the place making it more difficult for the scientists to decontaminate. With all those radioactive remains now scattered in the place, decontamination will be impossible for a year or two – the technicians expected.

About The Author

Penelope Rock is a product consultant for medical scrubs like lab coats, Cherokee scrubs and other branded hospital scrubs at Pulse Uniform which ships throughout the US, Canada and internationally.

Having Iraq’s currency on the World Market constitutes an RV occurring, ok, point made…

Saddam Hussien’s Government was overthrown and the Saddam Dinar phased out in fall of 2003. There was an approximate 60 to 90 day period for the old Saddam Dinar to be cashed in for the Iraqis and those working in Iraq. This phasing out period imposed a time period to cash in old Saddam dinar or face a strong devaluation of the old currency. The reason for the cash in period was because the old currency was being discontinued due to the new Iraqi post Saddam Government.

Whenever there is a rumour that is untrue it is my moral obligation to find out where the leg grew from, a figure of speech. I can tell you this, the leg grew from what happened with the discontinuity of the old Saddam currency.

The World Bank will have nothing to do with a revaluation attempt that involves a cash in period which is purely a function of a devaluation. Hypothetically speaking, if the World Bank executed an RV and put the Dinar on the world market, the World Bank would then have to pull the Dinar back off the market after 60/90 days and make the currency restricted again like it is now. A total farce.

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This article may be reproduced online or offline
as long as this box remains and is hyperlinked
online.  Written by Darren Chabluk for
http://www.DrDinar.com
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You might think I was crazy back in the day because of what I’m going to share with you.  Back in 2004 to early 2006 I sold Iraqi Dinar from Canada and most of my sales were to the USA.  That’s not the crazy part!  My schedule at the time and the things I did to make my dinar dealing business work.

Just imagine picking up a small but bulgy 8 by 11 inch courier envelope in your home town with about $8000US worth of dinar inside and having to leave town on unrelated business.  I would fulfil orders on the road, when I got a chance to stop. 

I remember one time I didn’t get a chance to open up my shipment from my Jordon dinar supplier till I drove almost 1500 miles to Montreal from my home city.  Then preparing smaller retailable dinar packages for my clients at a food court in a busy mall.  That’s right, I once had about $8000 worth of new Iraqi Dinar banknotes spread out on a public food court table with people walking all around me.  I recall a young couple of possible Arab descent eye balling my file of cash as they walked by?!

I would never sit there in a public place and count Canadian or US currency in those amounts.  How about constantly wiring thousands upon thousands of dollars to order dinar uninsured delivery from the middle east from a man I never met, never seen a picture of, and never talked too. 

The one advantage I had was the premium price I charged for the dinars sold.  Well above what other dinar dealers charged, but I included a firm and well marketed In House Delivery Guarantee.  Had one of the shipments gone missing enroute to delivery to you, or some other client I was well prepared to cover the loss.   I never did loose an order and tracked orders right to your door!  The delivery email communication was exciting when encouraging clients to check their tracking numbers online.

The higher prices charged on dinar also afforded premium overnight delivery services on larger orders as well as bonus dinars.  People loved the bonus dinars I gave away on quarter million dinar orders and up.  The set of 7 different dinar banknotes was a popular bonus I sold.  It included the 50, 250, 500, 1000, 5000, 10000, and 25000 Iraqi dinar banknotes. 

If you are thinking about buying and selling Iraq dinar as a dealer then the DrDinar.com/helpdesk can help.

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This article may be reproduced online or offline As
long as this box remains and is hyperlinked Online. 
Written by Darren Chabluk for http://DrDinar.com
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Elections in Iraq for this year 2010 has been a close one. Both parties have publicly mentioned that the Iraq Hydrocarbon Law will be a priority after the elections.

“It will definitely be a priority,…. It won’t take us long.”, says Allawi last month, one of the 2 major players in this years elections.

All contracts awarded in 2009 will be honoured.

Major contracts were awarded too:

Exxon Mobil of the USA,

Royal Dutch Shell of Europe,

and Russia’s Lukoil.

Iraq’s current oil production is 2.5 million barrels per day with a goal of getting production up to 12 million barrels per day by 2017. Critics are piping up about the challenges Iraq will face to meet even half this goal comparing a forecast to what Saudi accomplished with oil production growth recently. Growth like this has never been done before in this amount of time.

Hydrocarbon Law Creates Oil Production Dream Team

Records are meant to be broken and this includes oil production records. Iraq’s new profit sharing oil law has brought together an international oil production effort that itself has never been done before. Major international companies such as Exxon, Shell, Lukoil plus many more all competing for bids yet working together in Iraq. An oil production dream team like this is something that Saddam Hussein orchestrated on a smaller scale. The major objective this time around will be maximize oil production.

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Written by Darren Chabluk for http://www.DrDinar.com
This article may be reprinted online or offline as long as
this box remains and is hyperlinked online.
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Iraq has never experienced world cooperation in oil drilling and dealing as they are now. There are ‘record breaking incentives’ for foreign oil companies to pump black gold out of Iraq. Russia’s Lukoil and America’s Exxon Mobil are among the front runners in a ‘record number of oil pumpers in Iraq’. Should make for an interesting oil based recovery.

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Written by Darren Chabluk for http://www.DrDinar.com
This article may be reproduced online and offline as long as
this box remains and is hyperlinked online.
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Has this ever happened to you? Someone you know calling the dinar ‘wallpaper’?  Just over 5 years ago the “Quote – ‘dinar is wallpaper‘ ” – end Quote.. critics had some merit when the Iraq civil war was in full swing and the Iraqi Government had a chance of being overturned. When one of my cousins last month suggested dinar being wall paper it clearly indicated to me that all online critics saying the same thing must be equally misinformed about the current strength of Iraq currency.

Dinar Revaluation – The Prize

Any dinar investor or dinar critic who does not have the end in mind, that being the RV stands the chance of not experiencing the Prize. Keep your eye on the prize. Do you believe the dinar will reval with at least 1 penny to 1 dinar in your life time? If yes, then you have the basic foundational belief that investing in the Dinar is a decent investment that is in fact moving towards the Prize.

Prepare For The RV – The Price

You cannot just justify the cost of acquiring your Iraqi banknotes or Warka dinars as being the price, there are other facets of ‘the price’. How much negative comments are you willing to take from non investors? How long are you willing to wait for Iraq to reconstruct, rebuild, and revaluate? These too are vital elements we as Dinar investors must account into what price we are willing to pay. How much will you invest, this is all equated into the price of the dinar opportunity and how much you are willing to pay.

IF Prize Warrants Price THEN Price = Worth Paying

If you are like me you are in a position where you want more dinar and are working on getting more. Maybe you want to sell as you think you have already paid too much of a price and need some cash flow in hard times. Nevertheless, if you believe that the Prize (the revaluation) WILL occur sometime from now or into the future, and you believe that the RV will be at least 1 penny US then the price of your dream or your goal should be worth paying. If the prize of the dinar you desire warrants the price then the price is worth paying.

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This article may be reprinted online or offline as long as this box
remains and is hyperlinked online.  Written by Darren Chabluk
for http://www.DrDinar.com
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Iraq Chapter 7 Recovery Involves American Commitment

20 years after the 1990 Gulf War and the Iraqi Government is still faced with the clean up in the form of 73 United Nations sanctions.  American coalition forces helped to create these sanctions.  Today’s post Saddam agenda now has America committed to the recovery. 

(Iraq) “Will not regain full sovereignty and independence without getting rid of these resolutions”, says Hoshyar Zebari, Iraq’s Foreign Minister in July of 2009.

The Government of Kuwait continues to siphon a percentage of oil revenue from Iraq with the help of these United Nation sanctions.  Kuwait also owns 60% of the banks in Iraq.  So if you can imagine the correlation of these two variables, everything is working together in the preparation of Iraq’s oil based recovery. 

Understanding a ‘ball park’ time line for the revaluation of the Iraqi Dinar would require a broad look at all the parts of the puzzle that once together form an inevitable platform for the Dinar to springboard from. 

Iraq elections in march of 2010 will be followed by the passing of the hydrocarbon law.  This will increase oil revenue and combined with a forecast of increasing oil prices Iraq will be much better positioned for removal of sanctions and a revaluation. 

Status of Forces Agreement was signed by Iraq Government officials which in essence was a promise of the U.S. Government to help out Iraq chapter 7.  Iraq is not out of the woods yet but the country is in a position where full independence militarily is within reach. 

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Written by Darren Chabluk for http://DrDinar.com
This article may be reproduced online or offline as
long as this box remains and is hyperlinked online.
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Warka ATM Card Works In 210 Counties 

Officials from the Al Warka Bank in Iraq announced in a press conference in Erbil that a pre paid MasterCard tied to the global network is now available.

Banking with Warka in Iraq allows a foreign account holder to earn up to 6% annual interest with an Iraqi bank account without having to go to Iraq.  There is only a $10US minimum to open the account also.

The new MasterCard for offered by Warka is the only one of its kind available anywhere in Iraq.  The card is interfaced directly with the SWIFT banking system for easy International payments from any bank that accepts MasterCard payments. 

Asking your Warka banker to set you up with one of these cards may be a good idea.  Requesting the card to be linked to your Dinar savings account would be even better.  These are simple features that would effectively allow you to withdraw your Dinars from a bank machine anywhere in the world.  You would get the local currency instead of dinars and the exchange rate would include a new banking fee of about 2% minimum plus other fixed ATM fees for international use. 

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Written by Darren Chabluk for http://DrDinar.com
This article may be reproduced online or offline
as long as this box remains and hyperlinked online.
DrDinar helps people with Warka procedures.
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Warka ‘Rule Breaker’ Becomes ‘Rule Maker’

If your like me you know about Warka Bank in Iraq and their front line reputation in opening accounts for foreign companies and private Dinar investors. But what about this rule breaker, rule maker bit you may ask. Allow me to change the subject briefly then tie it all back together for you.

Rule Breaker/Rule Maker explained

Take a look at MicrosoftÒ in the very early 1990’s when AppleÒ owned the patent on what became a billion dollar function in a software application. I’m talking about the ability of a window, in WindowsÒ to be able to over lap other windows.

AppleÒ in a nutshell would allow MicrosoftÒ to create a software application that permitted the user to open multiple windows in one computer screen but AppleÒ owned the patent on the ability of those windows to be able to overlap one another.

What did Bill Gates do? Well we all know he created WindowsÒ and explicitly broke the rules regarding Apple’s intellectual property. MicrosoftÒ grew so fast that they became a rule maker. Dominating the software industry with what became a monopoly in Internet access software.

American ContractorÓ a personal security specialist who blogs right there from Iraq has deadly accuracy when it comes to gathering and broadcasting Iraq investing and Iraq current events intelligence. I’ve chat with him and regularly read his broadcasts for years already. Here is one of American Contractor’s blog post headlines from just over 2 years ago regarding Warka Bank….

***Start Quote***

“December 14 ‘2007 blog post by http://www.AmericanContractor.com
 CEO Al-Warka Bank; Assets and Shares frozen by ISX”
   -Courtesy of American Contractor

***End Quote***

Sounds a bit scary don’t it,…. It does to me too…. but let us jump from fall of 2007 to March of 2009

Warka Becomes A Rule Maker

Foreign investment revenue for Warka in Iraq in January and February 2009 was under 1 million US dollars per month. When Warka online banking opened in March of 2009 the bank experienced exponential growth that no one would have predicted.

Warka bank foreign investment revenue from folks who want to buy dinar like you and I went from under 1 million US per month to over 1 billion US in march 2009. Just from opening a website that accepts online applications and allows warka online banking in the form of viewing account balances and things of that nature.

Well, what the exponential growth in revenue did for Bill Gates happened with Warka too. Imagine being able to pay off all the law suits that had been brewing before the exponential growth in revenue with money left over to - influence law makers, thus becoming a Rule Maker.

There came a point where President Bill Clinton publicly gave Bill Gates a hug when Mr Gates was hit with a custom tailored change in law that would help level the playing field for competition in the software industry. Bill Clinton didn’t put Mr Gates in jail, he just gave him a hug.

Al-Warka, although I don’t know much about him; Al must be a likable guy to have a monopoly on instant bank machines in Iraq way back in the Saddam Hussein era. Owning a piece of land for a house back then was virtually impossible unless you married a women who had ties to the Saddam regime, or a brother in Saddam’s honourable Republican Guard which would be comparable to the Secret Service in the US.

Owning Dinar in a bank account in Iraq at Warka is not nearly as risky as it was a mere 2 years ago. Opportunity access procedures is something you need to be much more concerned about. How to do, what to do, what not to do, regarding a new Warka account.

Dinar Banknotes are not the only way to own dinar and diversification is key to adding strength to any portfolio.

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Written by Darren Chabluk for http://DrDinar.com
This article may be reprinted online or offline as long
As this box remains and the link is hyperlinked online.
DrDinar specializes in Iraq investing procedures
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