Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles

Adam Montana:

[I'm curious about your thoughts on the Iraq politicians taking a 50% reduction in pay. Since politicians rarely take a pay cut, I'm thinking this is a very positive sign. Is this just an attempt to balance the budget?]

I am hoping this is a move designed to accommodate a significant change in the value of the rate, because you are 100% right - politicians don't just agree to something like this for no reason!

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[The significant drop in crude pricing will certainly affect the 2015 budget and the potential RV. Could an upward valuation of the Dinar overcome the lower pricing and put Iraq on a good monetary footing?]

Yes, and it's also important to note that this drop in price on crude isn't a permanent thing.

http://www.dinarchronicles.com/intel

Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles 

Adam Montana:

The news on all things HCL kind of speak for themselves - what's going on right now with the agreement between the Kurds and Baghdad is HUGE! I have a lot to say about it, but the details are still coming in so I'm going to hold my peace for now...if they want to go ahead and RV before I have a chance to share all my thoughts on it, that's fine by me!

http://www.dinarchronicles.com/intel

Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles

Adam Montana:

[ANY good news on hcl?]

No HCL yet, but I believe it's going to happen any day now.

[you said...you thought the HCL would happen by the end of the month. Do you still believe this will happen?]

I can't stake my reputation on it, but I will say this - it's a MAJOR possibility. It's moving! I don't have any concrete evidence that it will happen tomorrow or tonight or yesterday, but look at how Chapter 7 unfolded. When that was done, it took EVERYONE by surprise.

To be real, let's look at the big picture. Here is the no B.S. honest to God Truth: this could drag on for years. Don't bet your rent or mortgage money on Iraq.

But the other side of the coin is that we are in a situation that has so much potential I'm literally bursting at the seams trying to find the words to explain how excited I am.

http://www.dinarchronicles.com/intel

Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles

Adam Montana:

The longer you've been holding dinar, the more likely you are to really "get" the fact that we don't know what the future holds. You understand that dates are pretty much meaningless to the Iraqi Dinar, and you understand that we just have no way of knowing exactly when ANYTHING might happen.

Chapter 7 took a long time, but when it finally hit - it hit FAST.

We saw a heated battle between Ayad Allawi and Maliki on more than one occasion. We saw Allawi threaten to sue, claiming corruption was the reason for his loss in that political battle...but nothing happened, and Maliki retained the seat, and Iraq went nowhere.

The GOI was stagnant, moving nowhere under Nouri al Maliki. Finally, just recently, Maliki was tossed (kicking and screaming) from his long standing place of power, and replaced with a new PM - Dr. Haider Al-Abadi.

Since September we've seen a flurry of action out of Iraq - Parliament has met and actually done things ahead of schedule in some cases, which was completely unheard of for the last 10 or more years! We're seeing some incredible progress on the HCL - more positive news on that is coming out of Iraq than EVER before. It's coming, and soon!  Once the HCL is complete, there is pretty much NOTHING left to hold Iraq back. The HCL is the key to letting Iraq take that final step towards being a fully functioning, well "oiled" machine. When the HCL is in place, with Abadi actually bridging the gap between the Sunnis and the Shiites, the CBI will have no reason left to delay raising the value on the Iraqi Dinar... and that, my friends, is when we all say "CHA-CHING"!

http://www.dinarchronicles.com/intel

Adam Montana:

The rate.

If it comes out at a dollar or higher, I am 100% OUT. Some people may wait for it to rise, and I do think that eventually it will hit $3+...

If it comes out around a dime, like I believe it will, then my strategy will depend on the cash in window. I believe it will be no less than 90 days, and up to two years. But there's another variable as well - will it be pegged or will it float based on the market?

I can see valid reasons for doing either of those...  Another thing to consider - the stability of the country at that time, and how the world reacts to it.