AJ's Intel Comments On "Will Dinar Revaluate?"

Why Investors Keep Flocking To Dinar https://www.dinardaily.net/t24047-why-investors-keep-flocking-to-dinar

Will The Dinar Revaluate? https://www.dinardaily.net/t24048-will-the-dinar-be-revaluated

AJs Intel April 25-2013

Good Day to All,

One
of the biggest questions I get is will the Dinar be Revaluated? The
below article and its paragraphs I have reproduced touches on the
subject quite well but does not give the whole picture, which I will
try and cover here.

Joseph Cafariello states:

“One short
sentence answers all these questions: the Central Bank of Iraq
regulates the flow of money through controlled auctions. Needless to
say, this is not normal. In most other countries, money can be easily
exchanged into a number of currencies at the will and whim of any
citizen. The exchange rates are allowed to move freely according to
the forces of supply and demand, interest rates, etc.”

This sentence really stands out for me;

“The exchange rates are allowed to move freely according to the forces of supply and demand, interest rates, etc.”

In
Iraq the exchange rate is not moving freely globally on the free
markets; why, Iraq is still under sanctions and the exchange rate will
not be allowed to move freely until those sanctions are removed and the
Iraq government becomes stable.

Along with the
exchange rate moving up and down somewhat, the exchange rate is not
moving enough to really make a difference. The only free movement I
have seen is between the dealers of the dinar here in the USA. There
are some competitions going on between those dealers, which in turn
drive the price down for us to buy. The exchange rate of the Iraq Dinar
is about .0008557.

The second paragraph that glares is;

“By
controlling the amount of USD available in Iraq, the Iraqi government
controls the value of the USD relative to its own currency, thereby
stabilizing the dinar. It is as close as you can get to an outright
currency peg.”

Sure this is a currency peg, but a UN sanctioned
currency peg that will not move freely until the sanctions are removed,
period ending.

The third paragraph that shows its face in this article that in somewhat of not the whole picture is this;

“This
is why the CBI is going to such great lengths to control the amount of
USD in circulation through auctions. It wants to keep the dinar
cheap. Not too cheap so as to introduce hyper inflation. But cheap
enough to maximize the value of its import income and get as much
construction and labor for its money as it can.”

I agree with
his analogy all along the way of his writing concerning the value of
the Dinar vs. the US dollar and the small rise and fall of the dinar,
but in my opinion Iraq’s import income is being settled in US dollars.
And the US dollar still controls in the Iraq market place, despite the
recent monetary controls on the US dollar the CBI has put into play.

The fourth paragraph that glares it this;

“What
if it takes another 5 or 10 years for that revaluation to come? Might
there be better returns elsewhere? Investors have to weigh the pros
and cons and make their own investment choices.”

A wise investor
knows that the later paragraph could be true. This why wise investors
do not put all eggs in one basket, as the old saying goes and always
has cushions to fall back on to regain any losses that may occur along
the way of investing.

The Iraq Dinar RV?RI could take as much as
5 to 10 years to reach the goal of having significant value once
again, this is something we all as wise investors must take to heart as
the investment is not a get rich quick scheme that happens overnight.
But on the other hand I have my doubts as time is concerned.

I
believe the RV?RI may take place much sooner than the article suggests
and that is going to be dependent upon Iraq, its government,
infrastructure and getting all the laws passed and implemented and
possibly the removal of certain government employees. And defiantly the
removal of corruption among certain governmental personalities in
Iraq!

To sum it all up, we are in a good place and the blessing will come eventually.

God Bless All, AJ

dear aj im new to this site and it seems to me that you are a informed person i was wondering where you get youe intel from ive been on a few sites and they all seem like bs so if you have ant other sites that you could sugguest i would be greatful for helping me weed out the bs thanks

Scar, if you want the News Intel, Go to the News Room section of the forum. DO not follow the scroll for it has a mix of everything.
Follow this link
https://www.dinardaily.net/f29-iraq