Why is the Iraqi Dinar said to be the “next Microsoft of our time?

The currency was issued following the aftermath of the fall of the Saddam administration in the year 2003. Before the gulf war, it was on record that the Kuwait’s Dinar was traded to equal $3.55 of the US dollar. During the invasion of Saddam, the Kuwait Dinar dropped to an astonishing low rate of 6 pennies to the Dollar. People with sound predictions and predictions bought the currency, and raked in huge profits when the price stepped up a year later to its value prior to the war. Before the Second World War, the Iraqi Dinar was sold between a range of $.33 to $3.35. So, the possibilities are obvious. That is to say that, even if there is shift to just one penny, you will still profit for sure. In a speech, G.W. Bush stated: “We also want to leave the Iraqi people with a strong Dinar”. The 15th of October 2003 ushered in the creation of the New Iraqi Dinar. Ever since that time, the international demand for the new currency has steadily been on the increase.

Strong Asset Base: Iraq, being the second largest producer of oil in the world, has reserves of over $10 trillion quoting the current market value. Consequently, the US government is spending billions in creating a vibrant Iraq capital economy. Pepsi is also taking advantage of the inherent opportunities in the oil-rich nation and is starting commercial business in the country. No doubt, the economy is fast recovering! Communications Infrastructures too are not left out as AT&T, Motorola and Lockheed Martin are waxing stronger in their operations. The American University training too is on-going in Iraq. General Electric is also raking huge profits from its operations.

Given that the strength of a country’s currency is a function of the economic status, indications are that the Iraqi Dinar will be waxing stronger. Right now, over 400,000 jobs have been created for the Iraqis by American programs. In addition to the local firms currently stationed there, big firms from all over the world are trouping into the country to help build a new Iraq. As a way of stabilizing the financial system and make it of high international standards, financial entities such as the World Trade Organization (WTO) and IMF (International Monetary Fund), with other banking organizations like the World Bank are working tirelessly with the Government of Iraq. 

Once this aim is achieved, the value of the Iraqi Dinar will be outstanding. The belief is that with a boost in the Iraqi currency, more investors and currency traders will be lured into the financial market, so that there will be a financial market that is free-flowing. The presence of improved infrastructure, enhanced security, viable domestic and foreign investment boosts the chance of Iraq to continue to grow and flourish. With total commitment and success on the part of the people, government, the nation’s currency will appreciate in value. Iraq is reputed for a top quality crude oil that is affordable. Compared with the prices of other oil producing nations, the cost of oil production is very affordable because, there are only a few impurities or problems associated with the crude oil drilling process. Therefore, the profit margin of oil production in the country is highest compared to what obtains in other surrounding oil-producing regions. 

Once the economy is stabilized, the GDP rate will increase, so high that no other oil-producing regions will surpass the country.

Iraqi Dinar Revaluation ~ Projections for the Future

Economists and financial experts are of the view that the Iraq economy will rise back to greatness so that the currency will approach a value of three Dinars to a dollar. They are of the opinion that the Iraqi economy will approach enviable heights by the year 2013. As at now, the value of a million Iraqi Dinars is not up to one thousand US dollars. History has it that the worth of one million Iraqi Dinars was once equal to 3 million US dollars. It is remarkable that Iraq possesses huge deposits of crude oil despite the fact that vast areas of the land have not been geologically discovered with the latest sophisticated seismic technology. Currently, Iraq boasts of at least 115 billion barrels of crude oil reserves according to the surveys done in the past. 

Nevertheless, the Iraqi government has publicized its claims that the country has massive reserves of petroleum which could be the largest on the planet. Financial analysts believe that even if the equivalent value of an Iraqi Dinar is equal to $0.26 (US Dollar), the lowest valued currency in the Mainstream Middle Eastern Countries, then a million Dinars will be equal to 260 thousand US Dollars. According to studies in late 2003, the Iraqi economy has been recovering so that there is a steady rise in natural resources conversion. 

Consequently, there has been a steady increase in the value of the currency. It is also worthy of note that there is a worldwide shortage of oil leading to soaring prices of crude oil in the global market. Currently, currencies in the oil-rich Middle Eastern countries surpass the Iraqi Dinar in value. The Chinese and Indian economies are waxing stronger and will continue to do so. Therefore, there is bound to be increase in the demand for oil and in addition, the value of the currencies. As a result, there are indications that the Iraqi currency will increase in value so that its value will need to be re-evaluated to commiserate with the economic growth of the country. From the look of things, CBI is taking part in a study to find out how the value on the Dinar can be raised.

KEDUTAAN MALAYSIA AKAN DIBUKA SEMULA DI IRAQ.

Berita baik!Baru-baru ini keluar berita di TV dan Surat Khabar bahawa Malaysia akan membuka semula kedutaannya di BAGHDAD dalam tempoh 3 bulan dari sekarang.Malaysia adalah sebuah negara yang begitu konservatif dalam pelaburan antarabangsa. Dalam keadaan negara lain sanggup meneroka pelaburan dan perniagaan di Iraq,Burma,Vietnam, secara agresif, tapi Malaysia masih berhati-hati memulakannya.
Dalam keadaan syarikat minyak antarabangsa telah lama meneroka di Iraq sejak 7 tahun yang lalu, PETRONAS baru sahaja memulakannya pada tahun lalu.

Maka dengan pembukaan Kedutaan Malaysia di Iraq ini, ianya menjadi satu "PETANDA ARAS" bahawa kerajaan Malaysia sudah begitu yakin dengan keamanan di Iraq.Sedangkan anda masih ragu-ragu potensi Iraq? Kita sepatutnya selari sependapat dengan dasar negara kita. Kebetulan pula hubungan Iraq dan Kuwait dengan negara-negara lain mula pulih seperti sediakala, mesra dan jelas dari segi perundangan antarabangsa.
Sebenarnya kita kini di fasa terakhir menunggu RV.
Dah tak lama dah tu..Sabar!!!
Nasihat kepada mereka yang belum memiliki dinar Iraq..cepatlah bertindak sebelum terlewat!

How Iraq able to pay dinar's holders

It amazes me that what is so obvious cannot be seen by some people.  I guess I may be fortunate to have had an education in economics.  I will try to explain to the last responder how he makes a fatal mistake just as Wayne Askew has done so.

I never said that the money supply TODAY is 25 billion dinars.  What I did say was that there has been an ongoing process to remove the large denominated notes, beginning in December of 2009 and continuing until the present.  It was stated clearly by Shabibi in December of 2009 that he had already withdrawn 50% of the large notes.  Then in February of 2010 he raised that to 70%.  All of the major dinar sites posted the articles when this occurred.

Yet the money supply has not fallen, has it?  Of course not!  Until the RV occurs it is absolutely necessary for the economy to continue to function.  A money supply of 30 trillion dinars today is therefore quite reasonable.

However, the CONTENT of the money supply is changing, and changing dramatically.  The large denominated notes are now essentially eliminated from the economy.  Therefore the money supply is almost entirely electronic at this point.  Iraq is, in fact, at a critical stage in that local commerce is difficult because they don’t have enough paper money.

Now, the ONLY solution to this, which has been planned for nearly 6 years, incidentally, is to introduce the small notes.  HOWEVER, this cannot occur except in conjunction with a revaluation of the dinar.

At the time of the RV the small denominated notes will be issued and commerce will continue as usual, except that the buying power of a 25 dinar note will be equal to roughly 4 of the original 25,000 dinar notes, assuming an RV rate of $4.

At this point, and not before, the money supply will drop precipitously until it reaches roughly 25 billion dinars.  How will this be accomplished?  Through investment!  As Iraqis invest their excess liquidity into REAL GOODS the money supply will gradually, and then more quickly, fall to the appropriate level.  The process may take a year or so, possibly longer.  That, however, is not our concern and certainly does not affect the RV.

The RV is a REALITY, folks.  I strongly suggest that someone offer to buy the last responder’s dinars from him, as well as Wayne Askews’.  Let’s put them both out of their misery, OK?

Clearly neither of these “economists” understand that taking a “picture” of events has little to do with the “process” of events.  What I have done, for many many months now, is explain the process AS IT IS PROCEEDING.  The “pictures” presented here by these two individuals have no bearing whatsoever on the overall process, which is ongoing.  In fact, the pictures show exactly what we would EXPECT them to show prior to the RV itself.  For them, nothing has changed, while in fact change has been occurring all around them.  I only hope that they will get their heads out of the sand in which they are located, stand up, look around, and see the truth of the PROCESS that is unfolding before their eyes as we speak.

Iraqi Dinar Buzz Updates

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BAGET IRAQ 2010 – USD 72.4 BILION

Parlimen Iraq meluluskan baget tahunannya sebanyak USD 72.4 bilion. 95% sumber pendapatan Iraq ialah dari minyak.

MENTERI KEWANGAN IRAQ MAHU NILAI DINAR PADA USD 1.85

CNBC News melaporkan bahwa Menteri Kewangan Iraq menyatakan nilai Dinar Iraq masa kini sepatutnya adalah bersamaan denga USD 1.85.

PETRONAS DI IRAQ

Petronas telah melabur di Iraq. Nampak sangat Iraq amat berpotensi dalam ekonomi dunia.

IRAQ AKAN SERTAI WTO

Iraq sedang berusaha menyertai WTO. Jika Iraq menyertai WTO, tak dapat tidak matawangnya perlu diapungkan. Jika tidak bagaimana urusan perniagaan antara bangsa boleh dilakukan dengan mudah. Itu logik biasa bisnes terutamanya melibatkan sesuatu ekonomi negara.

12 BANK BELI DINAR USD 136 JUTA

Dinar Iraq sentiasa dijual oleh Bank Negara Iraq setiap bulan. 26hb Oktober 2009, Dinar Iraq telah dijual oleh Bank Negara Iraq pada nilai 1170 Dinar = 1 USD. 12 buah bank telah menggunakan USD 136 juta untuk membeli dinar Iraq. Antara tujuan Bank ini membeli dinar ialah sebagai reserve masa depan. Mereka jadikan reserve kerana yakin nilai Dinar Iraq pada masa hadapan.

PENGELUARAN MINYAK IRAQ 12 TONG SEHARI

Terkini, Menteri Minyak Iraq, Hussein al-Shahristani mengumumkan pengeluaran minyak negaranya akan meningkat 3 kali ganda dari asal 2.4 juta tong sehari ke 7 juta tong sehari dalam tempoh enam tahun dari sekarang melalui satu pelabran terbaru syarikat minyak asing yang bernilai USD 100 bilion.

Peningkatan pengeluaran ini akan memberi kelebihan kepada Iraq untuk meningkatkan lebihan pendapatan dalam usaha membangunkan semula negarannya.

BAJET IRAQ USD 66.7 BILION

- Bajet Iraq pada 2010 ialah USD 66.7 bilion. Pendapatan utamanya ialah dari eskpot minyak sebanyak 2.15 juta tong sehari pada harga USD 60 setong.

SYARIKAT MOTOROLA MELABUR DI IRAQ

- syarikat Motorola telah membuat perjanjian dengan syarikat tempatan untuk meningkatkan sistem komunikasi Iraq.

GULF AIR BUAT PENERBANGAN SETIAP HARI KE IRAQ

- Gulf Air akan mengadakan penerbangan setiap hari ke Iraq mulai Oktober 2009. Ini menunjukkan tanda ekonomi yang semakin berkembang dan keselamatan yang lebih terjamin.

PASUKAN KESELAMATAN IRAQ AKAN AMBIL ALIH IRAQ

- Iraq akan mengadakan pilihan raya pada Januari 2010. Pasukan keselamatan Iraq sedang diperkukuhkan menjelang pengunduran tentera Amerika secara total pada Ogos 2010. 20 syarikat minyak termasuk 8 buah yang terbesar di dunia kini sedang meneroka minyak di Iraq.

Semuanya ini memberi harapan konkrit ke arah kenaikan dinar Iraq dalam tempoh yang manasabah.

TENTERA US AKAN BERUNDUR SEGERA

Amerika mengambil langkah untuk mengeluarkan tenteranya lebih segera dari jadual asal dan dijangka akan tamat pada 31 Ogos 2010. Pengunduran ini selain kerana desakan politik, juga disebabkan oleh tekanan bebanan kewangan yang terpaksa ditanggung oleh kerajaan Amerika.

Seperti yang kita ramalkan sejak awal lagi – mana kerajaan yang sanggup terus berperang. Russia keluar dari Afghanistan Iraq keluar dari Iraq. Begitu juga Amerika di Iraq. Yang kita tunggu ialah Iraq mentadbir telaga minyaknya dengan bebas, meningkatakan sumber pendapatan serta mengurangkan beban hutang luar. Apabila ekonominya stabil, nilai dinar Iraq akan kembali ke zaman kegemilangannya iaitu 1 Dinar bersamaan USD 3.40. Opps, naik USD 0.30 pun kita sudah kaya bib.

SEMUA NEGARA MAHU APUNGKAN MATAWANG

- Hakikatnya semua negara mau matawangnya mahu diapungkan demi matlamat ekonomi sesuatu negara. Negara selepas perang pun begitu juga, mahu matawangnya diapungkan semula. Jika Kuwait mengambil masa 10 tahun, maka Iraq pun lebih kurang macam tu juga agaknya. Kini sudah 8 tahun. Tunggu masa bila-bila sahaja.

MENTERI KEWANGAN IRAQ TAK SABAR DINAR DIAPUNG

- Menteri Kewangan Iraq sudah tidak sabar lagi supaya matawangnya dinilai semula. Mana manasabah sebagai sebuah negara pengeluar minyak, dinarnya terlalu murah. paling kurang pun bersamaan dengan zaman sebelum Amerika masuk Iraq iaitu 1 Dinar bersamaan USD 0.30.

DINAR BOLEH DIJUAL DIMANA-MANA

Jika telah diapungkan maka Dinar boleh dijual di mana-mana Pengurup Wang atau bank komersil. Jual kat kami pun boleh. Ahli Ekonomi meramalkan jika dinar diapungkan maka nilai 1 Dinar bersamaan USD 0.30. Wau …Jika ada 50,000 Dinar, maka akan bernilai RM 50,000.

JEPUN AGRESIF DI IRAQ

Syarikat Cari Gali Minyak Jepun meneroka minyak di Iraq demi memastikan memenuhi permintaan minyak Jepun.Lagi banyak syarikat asing meneroka minyak di Iraq, maka makin berpotensilah ekonomi dan dinar Iraq!

Negara Jepun juga telah menggunakan USD 5 billion untuk membeli dinar Iraq untuk rakyatnya menyimpan dinar Iraq.

BAYAR GAJI TENTERA DENGAN DINAR IRAQ

- Pihak berkuasa tentera Amerika di Iraq mulai membayar gaji tenteranya dengan dinar Iraq sebagai salah satu cara menaikkan nilai dinar Iraq. Tentera Amerikalah yang paling berkepentingan atas kenaikan nilai dinar Iraq kerana mereka menyimpan dinar dengan banyaknya.

NEGARA ASING BELI DINAR IRAQ

Apakah pendapatan utama negara Iraq sekarang. Jawapannya ialah menjual matawangnya sendiri kepada bank asing. Pada setiap bulan Bank Negara Iraq menjual dinarnya. Yang terakhir pada 13 Julai 2009 sebanyak USD 170 juta.

Iraq menjual dinarnya kerana mahukan matawang asing untuk membiayaai kos pentadbiran dan pembangunan negaranya. Negara lain lazimnya kena mengekspot produk atau perkhidmatan untuk mendapatkan wang asing tetapi Iraq hanya dengan menjual dinarnya sahaja. Dengan bermodal kos kertas dan cetakan, Iraq sudah mendapat income yang berbaloi. Dengan jualan wang dinarnya, Iraq membangunkan negaranya sejak 2003 sehingga sekarang.

Negara luar membeli dan menyimpan dinar pada harga sekarang untuk kepentingan reseve masa hadapan. Duit dinar yang disimpan itu akan digunakan untuk melabur semula di Iraq pada masa hadapan atau digunakan untuk membeli minyak dan gas dari Iraq. Jika dinar Iraq kini tak sampai 1 sen USD dan akan naik nilainya pada masa hadapan 10 sen USD atau 0.25, hatta USD 1.00, – bayangkanlah betapa keuntungan pemilk dinar itu apabila membeli minyak Iraq pada masa hadapan dengan menggunakan wang dinar yang dibeli pada kos masa kini.

Itulah rasional Iraq menjual dinar. Itulah rasional pihak luar membeli dinar sekarang. Masing-masing ada kepentingan untuk jangka pendek dan jangka panjang. Yang tak ada duit -jual barang. Yang ada duit – beli barang. Logik biasa aja.