The Iraqi Dinar Devalued-No RV (Revalue)

You heard right. The rate just adjusted again. It is now trading at 1190 to one U.S. dollar. Sam i am predicted the rate would drop a while back on a conference call. So with that in mind an updated conference call just took place. Topics include how far the rate will drop and the future of the dinar. Here is the call in its entirety.

Of course, many of the dinar holders on YouTube did not like this news. We have been going at it pretty hard and heavy in the comment section. Some of the commenters came back and deleted their comments when they realized we were telling the truth. One of the people who has been leaving comments is a guy by the name of haissemweneht. When we were talking about the strength of the dollar he had this to say

“Remember when gasoline was worth 1 dollar per gallon? The value of the US Dollar is 14 – 16 percent less than a few years ago. Now gas is 3 dollars. I would say that the dollar is worthless.”

This is total GCR propaganda nonsense and this is what these guys do. They confuse economic terms and rant like idiots! The big mistake in this GCR talking point is the fact that they are taking a nominal inflation rate and judging the strength of the dollar by it to make the claim that the dollar has lost global value.  These are actually two different things blended together to look like one thing. They are comparing inflation rates with exchange rates and claiming the dollar is weak!

First, we are talking about the global value of one currency against another currency. Let me give you an example. When we were invested in the dinar it took 1166 dinar to get one U.S. dollar. Today it takes 1190 dinar to get one U.S. dollar. This means that the value of the dinar has gone down and the value of the dollar has gone up. In fact, if you research this you will discover that the dollar is a lot stronger globally than most people know!

We are not talking about national purchasing power. We are talking about exchange rates not Inflation rates! If we were talking about inflation then it would only be fair to compare the United States inflation rates with other inflation rates. Let’s take his gas example. Gas went over a dollar in the 1980’s. In 1986 Gas was about 1.18 a gallon. That was 32 years ago. Now let’s look at what gas cost in England 32 years ago and compare that price with today’s price in England. By this dumb logic we would conclude that the pound is completely unstable.

Every country has inflation. That is a side effect of a decent economy. When the economy goes bad you have deflation or worse, hyperinflation. All currencies lose purchasing power over time. Even the dinar loses purchasing power and it had hyperinflation during the 1990’s. He was comparing the inflation rate of the dollar with the exchange rate of the dinar. These are two different animals and it is a really bad argument. The dollar is strong compared to other currencies, not inflation rates.

This is the type of typical GCR nonsense used to sell precious metals and dinar gurus steal the same talking points. They need the dollar to tank in their presentations in a feeble attempt to make the dinar look like a good investment.

Just as a side note, look at the name of our commenter who was spreading this nonsense. The name haissemweneht is actually the new messiah spelled backwards! I don’t think I would trust anyone who has a name like that. Thanks to Nash for pointing that out!

The Wealth of Iraq

In dinarland we often hear gurus talking about the vast wealth of Iraq as the reason we can expect an unprecedented revaluation of their currency.  Iraq has a reported 143 billion barrels of proven recoverable oil in their reserves, which would amount to over $7 trillion dollars worth of oil.  While that’s an impressive amount, I think we need to put it in context.  You see, their neighbor to the east – Iran – has 158 billion barrels in their reserves.  Canada has 170 billion barrels in their reserves.  Saudi Arabia has 266 billion barrels in theirs, and Venezuela leads the world with over 300 billion in theirs.

Now, let’s take a look at their currencies.

The Iranian rial is valued at $.00003, down from $.000033 in 2015 and $.00004 in 2013, despite all of the hype generated by dinar/dong/Zim/rial pumpers in recent years.  Okay, maybe their reputation as a renegade radical Islamic state has kept the rial’s value down, so let’s look at the others.

Canada’s dollar (the loonie)  is currently valued at $.79, up from $.76 two years ago but down from about $.96 four years ago.

The Saudi riyal is valued at $.266, just like it was two years ago and just like it was four years ago, because it’s a pegged currency on a managed float just like the IQD.

And then there’s the Venezuelan bolivar, currently valued at $.10 after the country has fallen into an economic crisis.  Four years ago the bolivar’s value was $.16 and five years ago it was at $.23.

So we can see from these numbers that oil reserves don’t determine the wealth of a country or the value of its currency.  Why would the US, with only 35 billion barrels in their reserves, have a higher standard of living and a more valuable currency than the others?  Because the country has a diverse economy, an educated populace, a strong military, a stable government, and an arrangement with almost every oil producing nation to sell their oil for USD.  Many countries use the dollar along with their currency, or they use the dollar exclusively and don’t even have a currency of their own.  Countries want US products and US services, and they need US dollars to get them.  When Iraq has all of the qualities with its economy that the US has with its, maybe their currency will have a value near that of the USD.  Maybe by the end of the century that will happen, but by that time the IQD and the people who own it will be long gone.



The Dinar After Mosul

Recently I did a call with RamblerNash and Ssmith from Dinar Daily about the future of the IQD after the liberation of Mosul.  The gurus were saying for months that ISIS’ occupation of Mosul was delaying the RV, so with the news reports of the immanency of Mosul’s liberation we thought it would be a good idea to go on record saying that the net result for the dinar would be a big ol’ goose egg.  In the weeks following the announcement from Iraq’s PM Abadi that Mosul is now free, the IQD hasn’t budged from its rate of 1184:1, and the hopeful speculators are slowly catching on.  Enjoy the call.



ICW Podcast- Dinar Corp part 2

podcast 7Welcome to another podcast From Iraq Currency Watch. In this episode, we will cover part 2 of our discussion that we had on July 16th regarding Dinar Corp and the guilty plea. We also cover an experiment you can do while you listen to this Podcast. You will need a computer with the browser of your choice. You will also need  Microsoft Office or Open Office. Download Open Office from the link below. It is a free program and it can be used in place of Microsoft Office.

As we sat down to talk about recent events over 90 minutes flew by. So instead of taking the whole conversation and putting it into a really long podcast I decided to split it up into  two parts. Each part will provide incredible insight to the dinar community. Those who are still in this investment should follow along with the experiment. So if you are still invested in this thing then tighten your seatbelt because things are about to get really bumpy. Just click on the play button and enjoy the ride.

podcast 4


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Recorded on July 16th, 2016

Connecting The Dots

Connecting the Dots (7/26/12)

Connecting the Dots II (9/9/12) (March 14, 2013 – Ivy Johnson and Dinar Corp owner (now indicted) Husam “Sam” Tayeh

The Indictment and Guilty Plea

Defending The Faith

The Truth About The Global Currency Reset

Economics BVAWE

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Jew and Greek