Comments on: Value of the Dinar may change due to GSM business http://www.iraqi-dinar.org/value-of-the-dinar-may-change-due-to-gsm-business/ Investing in the Dinar Sat, 04 Feb 2012 14:10:51 +0000 hourly 1 By: A.E.Vanhttp://www.iraqi-dinar.org/value-of-the-dinar-may-change-due-to-gsm-business/#comment-61037 A.E.Van Sat, 08 Oct 2011 14:23:53 +0000 http://www.iraqi-dinar.org/?p=8#comment-61037 Why cant we have some one in the Iraqi government tell us what is happening with regard to the revaluation of the dinar ? We only get so much speculation and untruths from the Gurus and those who want to sell Dinars .The people who want to be the first to tell the investors when the R,V. is happening will say anything just to say something .I very much need this to happen My 63 year old wife is still working all though she goes to work as a nurse practitioner every day . I am 73 and retired and even though I do have a fairly good retirement we still need her income and insurance . We need this so badly so she can stay at home when she is not feeling well . PLEASE ONLY TELL THE TRUTH ! Why cant we have some one in the Iraqi government tell us what is happening with regard to the revaluation of the dinar ? We only get so much speculation and untruths from the Gurus and those who want to sell Dinars .The people who want to be the first to tell the investors when the R,V. is happening will say anything just to say something .I very much need this to happen My 63 year old wife is still working all though she goes to work as a nurse practitioner every day . I am 73 and retired and even though I do have a fairly good retirement we still need her income and insurance . We need this so badly so she can stay at home when she is not feeling well . PLEASE ONLY TELL THE TRUTH !

]]> By: Hayder A. Wahabhttp://www.iraqi-dinar.org/value-of-the-dinar-may-change-due-to-gsm-business/#comment-60782 Hayder A. Wahab Wed, 14 Sep 2011 21:31:40 +0000 http://www.iraqi-dinar.org/?p=8#comment-60782 Iraq has made tremendous progress during the past three or four years. If we look at data published at the Central Bank of Iraq’s website, we find good economic numbers there. Iraq’s economic growth (real GDP) for 2011 is estimated to be around 9.6%. According to Global Finance magazine, real GDP averaged 4.8% from 2008 to 2010. However, this growth rate fluctuated from 9.5% in 2008 to only .8% in 2010. Forecast for Inflation for 2011 is 5% which in my opinion is moderate for a growth rate of 9.6%. In addition, the country’s foreign reserve, currency and gold, is stated at $50 billion, an impressive achievement considering the fact that this number stood at $0.00 in 2003. The country’s oil exports are averaging 2.1 - 2.2 million barrels per day. Work on building an infrastructure to prepare for an increase in oil production to a level of 4 – 5 million barrels per day is in progress and is expected to be completed within 2 years. Therefore, Iraq’s oil production is expected to rise to these levels when construction is completed. In March of 2011, the International Monetary Fund (IMF) praised Iraq for implementing good economic and financial policies to control inflation and develop the private sector. These policies brought about results. Iraq on its part is strongly committed to being open to advice and guidance from the IMF. On the political front and despite the present stalemate among political parties following last year’s general elections, progress in all parts of the country is being made to rebuild Iraq’s infrastructure. Improvements include better electricity and water supply, and a faster Internet guaranteed totally open and uncensored by the constitution. These facts indicate that the value of the Iraqi currency, the Dinar, relative to the US dollar and other world major currencies will appreciate at some point in the future. I expect a level initially of 500 USD/IQD. The highest value yet for the Iraqi dinar was 1067.81 USD/IQD in London trading on 25 September, 2010. Investors and traders in the Iraqi dinar are waiting for favorable developments to take place. These developments can take the form of positive signals regarding progress in negotiations between Iraq and the UN concerning UN chapter 7. Or, progress in resolving Iraq’s outstanding pre 2003 financial obligations to international companies and other parties. And of course an important development would be the much awaited rise in Iraq’s oil exports which I think will really make the difference to the country’s economy, to the Iraqi dinar, and to the security situation which is an important issue for most Iraqis. However, I must mention that I do not expect the Iraqi dinar to rise to and stabilize around the 500 USD/IQD level until after the next general elections. From an investor stand point, I am certain that investing in the Iraqi dinar is a good medium to long term investment, depending on the investor’s expectations. Hayder A. Wahab Iraq has made tremendous progress during the past three or four years. If we look at data published at the Central Bank of Iraq’s website, we find good economic numbers there. Iraq’s economic growth (real GDP) for 2011 is estimated to be around 9.6%. According to Global Finance magazine, real GDP averaged 4.8% from 2008 to 2010. However, this growth rate fluctuated from 9.5% in 2008 to only .8% in 2010. Forecast for Inflation for 2011 is 5% which in my opinion is moderate for a growth rate of 9.6%. In addition, the country’s foreign reserve, currency and gold, is stated at $50 billion, an impressive achievement considering the fact that this number stood at $0.00 in 2003.

The country’s oil exports are averaging 2.1 – 2.2 million barrels per day. Work on building an infrastructure to prepare for an increase in oil production to a level of 4 – 5 million barrels per day is in progress and is expected to be completed within 2 years. Therefore, Iraq’s oil production is expected to rise to these levels when construction is completed.

In March of 2011, the International Monetary Fund (IMF) praised Iraq for implementing good economic and financial policies to control inflation and develop the private sector. These policies brought about results. Iraq on its part is strongly committed to being open to advice and guidance from the IMF.

On the political front and despite the present stalemate among political parties following last year’s general elections, progress in all parts of the country is being made to rebuild Iraq’s infrastructure. Improvements include better electricity and water supply, and a faster Internet guaranteed totally open and uncensored by the constitution.

These facts indicate that the value of the Iraqi currency, the Dinar, relative to the US dollar and other world major currencies will appreciate at some point in the future. I expect a level initially of 500 USD/IQD. The highest value yet for the Iraqi dinar was 1067.81 USD/IQD in London trading on 25 September, 2010.

Investors and traders in the Iraqi dinar are waiting for favorable developments to take place. These developments can take the form of positive signals regarding progress in negotiations between Iraq and the UN concerning UN chapter 7. Or, progress in resolving Iraq’s outstanding pre 2003 financial obligations to international companies and other parties. And of course an important development would be the much awaited rise in Iraq’s oil exports which I think will really make the difference to the country’s economy, to the Iraqi dinar, and to the security situation which is an important issue for most Iraqis.

However, I must mention that I do not expect the Iraqi dinar to rise to and stabilize around the 500 USD/IQD level until after the next general elections.

From an investor stand point, I am certain that investing in the Iraqi dinar is a good medium to long term investment, depending on the investor’s expectations.

Hayder A. Wahab

]]> By: maryhttp://www.iraqi-dinar.org/value-of-the-dinar-may-change-due-to-gsm-business/#comment-58879 mary Fri, 17 Dec 2010 14:02:30 +0000 http://www.iraqi-dinar.org/?p=8#comment-58879 your state Currency exchange will exchange them back for us dollars and wire the money into your bank account. I already checked in my state. Just ask your bank and they will direct you. or go to a big bank like chase or hsbc. they handle all foreign currency exchange your state Currency exchange will exchange them back for us dollars and wire the money into your bank account. I already checked in my state. Just ask your bank and they will direct you. or go to a big bank like chase or hsbc. they handle all foreign currency exchange

]]> By: Chrishttp://www.iraqi-dinar.org/value-of-the-dinar-may-change-due-to-gsm-business/#comment-58624 Chris Fri, 10 Dec 2010 22:09:30 +0000 http://www.iraqi-dinar.org/?p=8#comment-58624 It looks like the Iraqi Dinar is gonna revalue or reinstate very soon. Like within a week... :) God please make this true... It looks like the Iraqi Dinar is gonna revalue or reinstate very soon. Like within a week… :) God please make this true…

]]> By: Keontaehttp://www.iraqi-dinar.org/value-of-the-dinar-may-change-due-to-gsm-business/#comment-58162 Keontae Fri, 15 Oct 2010 20:17:35 +0000 http://www.iraqi-dinar.org/?p=8#comment-58162 We'll all be wealthy very soon! I have family in Iraq and the US that both have reliable sources so just be positive and hope another war doesn't pop off! We’ll all be wealthy very soon! I have family in Iraq and the US that both have reliable sources so just be positive and hope another war doesn’t pop off!

]]> By: Joe Kinghttp://www.iraqi-dinar.org/value-of-the-dinar-may-change-due-to-gsm-business/#comment-57812 Joe King Fri, 02 Jul 2010 16:33:25 +0000 http://www.iraqi-dinar.org/?p=8#comment-57812 I got 1 million Dinars back in 2006. I paid $650 for the million and now they are worth $855 that not to bad. I'll still keep mine for while longer and hope that they will go back to the $3 to 1 like before the war. But where in the US will we be able to exchange for the US dollar when the revalue happens? I got 1 million Dinars back in 2006. I paid $650 for the million and now they are worth $855 that not to bad. I’ll still keep mine for while longer and hope that they will go back to the $3 to 1 like before the war. But where in the US will we be able to exchange for the US dollar when the revalue happens?

]]> By: TUCSON TOMhttp://www.iraqi-dinar.org/value-of-the-dinar-may-change-due-to-gsm-business/#comment-57758 TUCSON TOM Mon, 22 Feb 2010 20:43:10 +0000 http://www.iraqi-dinar.org/?p=8#comment-57758 I just read in ASK that Iraq is going to drop three zeros off their money. Ex: 100,000 Dinar with be 1000? What happens to the Dinar they spent so much on to print a few years ago and what happens to the Dinar I have now. I just read in ASK that Iraq is going to drop three zeros off their money. Ex: 100,000 Dinar with be 1000? What happens to the Dinar they spent so much on to print a few years ago and what happens to the Dinar I have now.

]]> By: jim gilhoolyhttp://www.iraqi-dinar.org/value-of-the-dinar-may-change-due-to-gsm-business/#comment-57685 jim gilhooly Sat, 02 Jan 2010 10:42:41 +0000 http://www.iraqi-dinar.org/?p=8#comment-57685 i bought 250,000.00 for $210.00 and the dinar was worth 3100 to 1 well in five years it is now sitting at 1170 so that is not bad in 5 yrs and we were at war for 4 of them now you hardly hear any thing about Iraq except that they are rebuilding there country and getting there oil wells going that is good i hope that when i retire in about 7 years i will be sitting on at least 1/2 million i bought 250,000.00 for $210.00 and the dinar was worth 3100 to 1 well in five years it is now sitting at 1170 so that is not bad in 5 yrs and we were at war for 4 of them now you hardly hear any thing about Iraq except that they are rebuilding there country and getting there oil wells going that is good i hope that when i retire in about 7 years i will be sitting on at least 1/2 million

]]> By: karinhttp://www.iraqi-dinar.org/value-of-the-dinar-may-change-due-to-gsm-business/#comment-57683 karin Wed, 30 Dec 2009 17:50:53 +0000 http://www.iraqi-dinar.org/?p=8#comment-57683 too many promised dates... Will these happen before the end of the year? 2 more days.. too many promised dates… Will these happen before the end of the year? 2 more days..

]]> By: willie mary williamshttp://www.iraqi-dinar.org/value-of-the-dinar-may-change-due-to-gsm-business/#comment-57674 willie mary williams Mon, 21 Dec 2009 19:51:56 +0000 http://www.iraqi-dinar.org/?p=8#comment-57674 Again I ask , is there anyplace in U S to cash in the dinars when they reval ? . What % does the U S government ? . Waiting to hear. Thanks for listen. Again I ask , is there anyplace in U S to cash in the dinars when they reval ? . What % does the U S government ? . Waiting to hear.
Thanks for listen.

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