There is a possibility that the Iraqi banknote can undergo a ‘facelift’ to change the look and feel of the current banknote but in my opinion is highly unlikely.  The reason to do this would be to try to calm the disputes over Iraqi political parties fighting over who’s people are represented in the banknote art work and what would be fair.  Changing the look and feel of the banknotes would be extremely expensive in printing and in selling the idea to the court of public opinion.  It is not a time for the Iraqi Government to be loosing support of it’s people by taking away any amount of trust that has been built into the current post Saddam banknotes.

Iraq’s Government has some serious political deadlines on the table with the coalition troops facing greater reductions in the next year.  I know there are some research analysts and critics that will disagree with me on this but the Iraqi Banking sector faces the challenge of increasing private banking sector use among business to boost the economy instead of having the heavy hitters in business run to the Government banks for their needs as the trends indicate now.  Changes in the Banknote will not be approved, mark my word.   There is simply no money to support this idea.  No money to fund the idea, and a very devastating negative return on investment for the Central Bank of Iraq on the long run for tampering with the banknote design at this point.

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

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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online.  Written by Darren Chabluk for
http://www.DrDinar.com
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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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Written by Darren Chabluk for http://DrDinar.com
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“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
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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
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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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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
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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
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as long as this box remains and hyperlinked online.
DrDinar helps people with Warka procedures.
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