By Tom Cleveland, market analyst for Forex Traders, exclusively for Iraq Business News. Forextraders.com is an online resource for the foreign exchange market.
“Buy on the rumor, sell on the news” is a time-honored investment phrase that is oftentimes more confusing than the wisdom it attempts to impart. The meaning relates primarily to company securities that appreciate in expectation of a big news announcement. Early speculation drives ups the price, such that when the real announcement is made, most investors sell on the news to take their profits, often driving the price down, rather than up. “Pump and Dump” stock frauds also follow a similar scenario, but in this case, criminals benefit and investors lose.
A similar situation has been building for years, some say as many as eight years, surrounding the potential “revaluation” of the Iraqi Dinar. As the rumor would have it, the Iraqi economy has stabilized, and the potential for enormous foreign currency reserves from increased oil exports will drive the value of the Dinar to unconscious levels versus the U.S Dollar. The government authorities will be forced to revalue the currency from 1,175 to 3 per Dollar, resulting in an outrageous windfall for anyone owning stockpiles of the currency. Does something here sound a little too good to be true?
In actuality, the Iraqi Dinar, or “IQD”, is a “controlled” currency. The central bank of Iraq determines the exchange rate and must support that rate by maintaining adequate foreign currency reserves to handle capital flows across its borders. The IMF permits countries with a transitional economy to implement currency controls in order to stabilize their economy during its redevelopment phase. Presently, international banks will not accept the Dinar, and it is not traded on any forex exchange. Actual purchases can be made through currency dealers that have been authorized to buy and sell banknotes that are already in circulation.
Stew, the joke will be soon on YOU. Stay tuned.............
ponzie ponzie ponzie, what sense do all these calls make, listen to them they think they are radio personalities, lmfao. bunch of retired military and government dod that have pissed away uncle sams blessings of their youth, you young bucks should wake up and smell the napalm. seriously . do you really think the people of middle east are going to accept western influence to exploit their country and its currency, frick n frack if u about dinar u smokn crack, its sick all the negative influence on bush and iraq, how many truly supported,look at tge service members complaining about their "job" oh but mention this dinar b-s and its a different tune being sung, god help you all, lies lies lies. you got way better odds playing poker my fellow americans,
I was gifted some of this toilet paper and then I am ridiculed over doing my diligence of investigation over my own personal prosperity, success is not defined by wealth or any amount of wealth, and we didn't invade iraq in hopes of some pipe dream rv, saddam was a thug no different than the thugs in Mexico and usa controlling the drug war, its pathetic to see how many misinformed people their are, the rich of america feel blessed by helping a 3rd world country in africa knit bags and dig a well rather than providing hope for their local areas or parishes, they will feed themselves before even considering pissing on a fellow parishoner on fire, invest locally ,invest in yourself, invest in america!!!! or go live in iraq, your dinar has great value there,
six all i have to say to you is your a [offensive comment removed by Editor] and ill bet you are holding onto that dinar lol they have come out and said they are going to increase the value of the dinar so you do what you have to do lol
mashallah
I think its sad to see the shamooo towel approach with peoples lives!!!!
you could just exchange for some bread and sell your loafs here duh, , cash in
a horse race with one runner, ??????
RICH,
[Offensive comment removed by Editor]. I wish i was selling dinars to fools like you. Why not jussend them the 40% you will loose when in LOPS?
How about all the negative people just keep out of it. If youre not invested and have nothing good to say then just stay off it. Why are you wasting your time making countless posts if you dont believe in whats going on. You people crack me up so much..go do something with your life and be proactive and instead of putting your worthless propaganda two cents in the matter, just stay out of it because obviously none of us care if we lose 1100 Dollars anyways because we can afford it. ITS AN INVESTMENT!!!! Hellllooooo wake up and smell the beans people we invest, we take risks , thats what investment is! Just like a marriage or a relationship and funny enough this will actually be less of a cost. Point here is its our choice not yours and who are you people to badger anyones investment decision if they can afford it. Just backoff and worry about your own choices and your own money. 1100 is peanuts we dont care if we lose it and we all know that wont happen anyways so just sit back and see what happens because we dont care! Its a small loss if ANY AT ALL.
go to john hopkins and donate your miracle money to the cancer suffering ,paying $20,000 for a bottle size of medicine.
Six, LZ they sold their money for 8 years + to people who thought it would revalue. This is currency they must honor because the overall objective if you open your eyes is to rebuild Iraq. If they were go to through with an RD they will have to honor so many people wanting to convert their holdings back to thier own currency. This is worth billions of dollars and its not just Americans its people from all over the world that are in it to. Do you understand that?
The internet is a public place the central bank of Iraq is aware of what's going on. Why does their M2 keep rising even years ago when they didn't have their banking laws in place. Its a cash based society of only 32 million total in iraq who's savings are held in Dollars because they have been scaired.
What are they doing with 70 trillion dinar now??? Every month it rises and rises and it doesnt stop and neither does their reserves to maintain the exchange rate!
ROCK solid.
Two sides of people holding dinars going in different directions but we know they must honor their currency if they want to be accepted internationally. Its that simple.
Can they hold on to their 60 billion in reserves after a LOP? Or will a massive sell off ensue once the dinar dealers have nothing to sell?
Oh and if they wouldn't honor their own currency and it were to be a scam like so many sky is falling idiots propose, well what does that do for the delicate investor confidence that is necessary prior....to anyone trying to do anything related to business in Iraq?
So many people could interpret them not honoring their currency or making that process difficult as thievery. Just the same as ordering a product online and paying for it but never receiving it.
WHAT does that DO to the investor that they need to help REBUILD Iraq?
I mean that would further push the country to future oil play only with little to no room to negotiate future dealings....
Is that what they want? Is that what the US wants??
So that is the investment in a nut shell. That's what we paid in fortune in blood for them to do? Look at Panama and Ecuador and what the United States and our Corporations did there. What happens when we don't get what we want??? What did we do to Sadam? Look what we gave Saudi Arabia. What's the writing on the wall say for Syria and Iran?
Do you understand how POWERFUL the United States is???? Your going to bet against that by not buying any dinar?
or do you believe that weak liberal media message is true in that we the united states are so weak...hahahaha
that's there to keep the truth down from the masses.
Well what you believe is your opinion.
But it's still safer to be right that the dinar will go up than to be wrong. Isn't it?
And you know that's the truth.
Look inside....what if you were wrong and it were to rise in significant value?
All this time you made fun of people and you didn't believe it?? What would you do then? Commit suicide? enter a deep deppresion???
tsk tsk tsk...
because you knew ahead of time what could possibly happen....and u chose not to participate....tsk tsk tsk...
I can see the central banks are practicing open market strategies by selling securities and have been since last summer which is how money is contracted from an economy. That's a fact. cbi.iq
Just because they sell bonds doesnt mean they immediately have to contract money from the economy ie updating the exchange rate on the M2 they have to support. Either move they make could trigger investment behavior they have to be careful. Whatever they do they must have all their ducks in a row...
Meanwhile maintainig their exchange rate is a situation they have to manage just like forever talking about a LOP going back and forth until all things are in place...
Political issues are calmed, security improves....
Then the government of Iraq will appear to look like they have the final decision giving them credibility to their own people.
But I'm sure the decision behind closed doors has been made before and was made long ago. This is drama playing out.
If they were to LOP it would be all over and no one other than oil companies would care about Iraq after that. And they would have to pay back a tsunami of overseas dinar holders wanting to exchange their dinars for dollars.
Really think about that...
Lol.... They don't have to do anything. If I was betting , they would keep everything status quo. They get free loans from suckers buying dinars and holding them. Iraq will never be a superpower. They are just too corrupt and a religious based government . The wealthy will get richer and everyone else gets crumbs. America is going in the same direction.
Brilliant Hookah... So if they lop they would be in trouble becasue they would have to pay back a tsunami of dinar holders. But you see no problem if they RV 100,000%.
DinarLand mentality at its best.
perhaps a dinar monopoly game but instead of a board game, it comes with a globe and 2 ak47's
or maybee they will create fields of solar panels and windmills on top of the seas of oil ,like sponges, they could literally make themselves a natural semiconductor if they wanted to, that place is like a giant natural everlasting battery
there is a ton of investment in the basics of infrastructure of everything imaginable,oil isn't everything , that is what drives the value, your talking walmart, taco belll,nordstrom,westerners living and traveling ,visiting ,your talking a complete decimation of any threats, here we are burning books and shooting innocent civilians, even if you get your 1-1 exchanges, wich im not arguing, we have sugar cane gas in brazil ,and an economy tripling daily in africa using cell phones. quit thinking just cuzz u got dinar that you are someone special, like some genius investor. if u value your success by your "rv", I have buckets to hell for free of charge,
Before the war the value of the dinar was 3 to 1. The value dropped extremely low because of the war bringing many Iraqis to poverty. Why would the Iraqi government want to keep their citizens poor when it has the potential to be the riches country in the world? Wouldn't they want their citizens to regain the money they lost during the war? If you would of bought the Japanese Yen right after we dropped the H Bomb what kind of investment would that have been? And the Japanese are not sitting on one of he biggest oil reserves in the world. I'm not an expert economist but doesn't it make sense that the value will increase? If not immediate then over a period of time. Your thoughts....
The rate was 2000:1 prior to the war. The Dinar had not been 3:1 since the early 80's. I can't believe dinar pumpers are still getting people to fall for this lie.
Prior to the war Iraqis only used two denominations of currency. A 250 dinar note and a 10,000 dinar note.
According to the self labled gurus, that means Iraqis were walking around Iraq doing their business with $750 and $30,000 notes in their pockets.
I like how the investment is such peanuts to the "dinarians" its like your claiming yourselves as a superior minded group of humans, a seperate entity of flesh, a race like no other. spirtually driven by wealth and certainly not by faith ,I can't argue the price per million vs the projected outcome of your anticipated rv, i cant grasp the 100,000% ratio either, the IQD/USD will be equal but thats in a balanced formula. 50,000 is roughly 42$ so to be 1-1 your lookn at .001. not 1 dinar equal to $1 . personally I don't care either way, just like all u can do is care about $$$, why is it that it takes you becoming filthy rich to begin making a difference, does it take being rich to be polite ,does it take being rich to help your community ,does it take being rich to feel as if god has answered your needs wants and desires ?
My mom had a girlfriend who had bought some Dinar. So she bought some and gave my sister and I each 250,000 Dinar. It's not a lot of money, and I liken it to a fancy lottery ticket.
I'll probably end up framing them with a caption "Mom's Dinar"
I agree ,is beautiful art!!
just do this for me all you loppers be here after they rv and take your medicine.
pffffff_____atleast stew allows real discussion, open up your comments on that so called BLOG.
I would happily invest in the dinar rather than the stock market, as long as you have companies such as Sachs selling you crapy deals and laughing how they suckered you in . I will take my chance with the dinar. If halaberk contractors (I think that's how you spell it) tell you to buy, you buy. During the Kuwait war their dinar fell below .10 cents now it's at 3.59. It made several of them millionaires. In fact if anyone want to sell this fool your dinars please email me and I would be happy to purchase them.
I don't think any of us loppers are contesting the rise in value, must be realistic about it, 0.001 is current. kuwait is completely different, zero lifting doesn't involve the lifting of 0.001 . israels currency was similar as well with shekalim/shekel. 1,000-1! zeros lifted but same value, now go wiki that and read at 30+ years it took to become what it is today.
Tsk,tsk, tsk, If only the poor fools would read some history books. Can't remember the 2 world wars and what happened to the banks & currencies of Europe. The Marshal Plan. Irag RV'd the first time in 1934 at $3+ US to 1 Dinar. I'll bet my money on Iraq!
Comprehension of the history books obviously is more important than just reading them.
Iraq introduced the dinar in 1932. There is no indication of any substantial RV, or even small RV for that matter, in 1934.
The Marshal plan redenominated/lopped the German currency.
you guys recapping with your daily posts of insider garbage are lies, you can't call a bank and them give you a rate over the phone, live rates are constantly changing there is never a defined number or a so called window of oprotunity.I don't care who you are ,its against the law, you must physically walk into the bank with whatever currency you are exchanging and discuss the transactions in person !
If you do not believe in it, do not waste valuable time challenging those that are involved in this speculative investment...It's no different then taking a chance with other speculative investments.
Although I do not have dinar I've lost large sums of funds in the stock market, 401k, etc.
Good luck to all of you Dinarians
look smart 401k loser. who said i don't believe in it, or stew doesnt believe in it, its just reality and being realistic. what I don't believe in is the gossip associated with the recapping, seriously, if the recapping is so deep in intel why don't they open there discussion up to all topics open their "blog" up, why do they hide behind there microprocessor. just becouse I own dinar doesn't make me a dinarian, its called investment potential, you should pray the sun comes up each day rather than your silly dinarian word. why do they get so angry on callers that question anything that doesn't fall into the scope of ideas, I do believe in it, so keep your mouth shut, mr 401 k. your insight is as usefull as the good ol solar powered flashlight. go invest in yourself instead of a get rich quik selfish self centered crap. have you ever wondered perhaps it hasn't happened becouse of YOU dinarians. if 50,000 dinar can be purchased for $50. shy doesn't the administration of Obama invest in his americans and help us all out. when one asks another of wealth for help and the give them $43 of dinar that is worse than a bucket of crap being thrown in tge face.
Actually six America has an investment in the dinar
wow six sounds like you had a few beers huh lol chill out dude its coming.
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It looks like Six is getting his drunk on!
Listen Bro, I blew a few grand on Dinars , but my biggest regret is telling some friends and family about it.... So now i I look like an idiot and loose credibility. Guys like Rich are just brainwashed I guess or pumpers.
Six...It's apparent there could be deeper rooted issues and you're angry...whatever happened to its ok to disagree?
If my comment offended you, be blessed and not so stressed!
Go Dinarians, if you believe it, you can receive it!
lz i could say something real mean due to your comment but im not going to and if you stopped listening to the moron pumpers in this investment and listen to the real factual info thats coming out youd realize that it is gonna happen.
g.I.g your intelligence offends me , tsk tsk tsk, go dollarians , god bless the USD
hilarious ,your followers are finally questioning your conspiracy of fraud. like I have said there is absolutely no way the people will allow people like yourselves to find yourselves in any type of 1-1 rate or even close !!! wake up and give up on the garbage, tsk tsk tsk.
six you dont even make any f'ing sense they are going to revalue their money they are not going to lop they are just bringing in the larger notes with three zeros on them period and they have been doing this for awhile now so if they were going to lop there would be no need to do this period!!
Rich... can you provide one shred of evidence that they have already been pulling in the larger notes?
if I didn't make sense you wouldnt be so angry with your words mr tough guy, your the LOP, whys is the usd gaining value. just becouse some of us are blessed with knowledge beyond your pathetic gene pool doesn't give you a right to curse me, whys don't you have a shred of evidence to prove I font make any sense, are you illiterate as well, can you not comprehend words, LOL LOL LOL LOL!!!!!
Rich obviously gets his info from the " Guru's" ( akaPumpers) .
Six..... Drinking again?
i guess we shall see how this party ends huh six loves to talk to himself although he doesnt have anything worth saying and stew theres many articles actually a good one that we came across recently also by a dr bakri its on dinar alert forums check it out
as long as I am not intoxicated ,its acceptable, cheers
LOP
2016 rich, perhaps you may see a return
i guess we will see who comes out with shit on the end of their stick huh loppers?
This is better than South Park.