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Yes, after following this for six years, no doubt, it has taken longer than most expected, but in Iraq, sectarian divide is worse than having democrats and republicans to deal with in gov., in Iraq democracy involves religious sects which all hate each other, so one delay after another has made the restoration of dinar near impossible.
With final delay due to election outcome, and Maliki appealing and wanting recount, then tried to bribe parties to change party support, crazy, but it is almost settled, and with that, the new gov. will be seated, and we all know restoring Iraqi dinar is on short list which Allawi announced when he gets PM position which he won in election.
We know that the worldwide economic collapse we are seeing is just one reason many currencies are about to be revalued, so what better time than now to have Iraq included in this currency overall, so I excpect to see this long awaited restortation to former value to begin this year, as to exactly when, no one knows, but my best estimate would be by August, but could be sooner. Talk is cheap in Iraq just as it is in U.S., typical political B.S. we all hear, but in the case of Iraq, every reason for delay has now passed, and the only way it is possible for peace is if the people of Iraq were made wealthy like their nieghbors are, and with U.S. troops being pulled out, all hell will break loose unless you make all the poor wealthy, wealthy people do not blow themselves up, simple fact, so think about it, common sense says they have to defuse potential terrorist activity before troops leave.
Wealth to all,
RecessionProof-Business.com
The answer is yes. when? Possibly in June of 2011. By then the us troops will be pulled. The budget will be finished and all of the goi will be completed. Something to keep in mind it really can happen at any time but June is looking like the most possible time. Iraq is scared to re value the iqd based on the fact
they are the third richest oil company in the world and they don't want to lose a lot of there income. The reason they will lose money is based off of the percentages of different countrys who own stock in dinar. There is roughly 5 trillion dollars in dinar not in Iraq so if it is valued roughly at 3 dollars per dinar that's 15 trillion dollars lost in income through the country. Look for Iraq to take as much time as they possibly can to avoid the re value until they can have enough saved in oil to compensate for the 15 trillion dollar loss. Luckily for Iraq at the end of this year Iraq should have 93 trillions worth of oil. Let's pray for a RV soon but look for it in June. Ps. Please do not!!!!!!! Buy dinar on reserve on certain dinar trade sites it is a scam you do
not get your money back if you do not pay the rest of the balance due. U lose 131 dollars average. I'm just saying spend the
money on buying actual iqd that way you don't have to worry about those sites actually sending you the dinars if it RV before your 30 days are up. Just rember only spend what you can afford just think of it as another bill. It will pay off in the end if Iraq can finally get all the elements in order. Pray for RV! I know I am
What else can I help you with?
How much Iraqi dinar in circulation now?
According the the CBI, in 2010 there was nearly 27 trillion Iraqi Dinar in circulation. That does include the money that was embezzled out of a branch of the central bank. Within in the last year, the CBI has started to bring dinars back into its reserves and now there should be around 18-20 trillion still in circulation.
What is the current value of 250 dinars?
The collector's value is about a dollar to $1.50 in uncirculated condition (depending on year of issue), and is worth face value only if it's been circulated. As of this writing, face value - if you took it to Iraq and spent it - would be about 21 cents.
Are the Iraqi dinars going to revalue this yearwww?
The answer is yes. when? Possibly in June of 2011. By then the us troops will be pulled. The budget will be finished and all of the goi will be completed. Something to keep in mind it really can happen at any time but June is looking like the most possible time. Iraq is scared to re value the iqd based on the fact they are the third richest oil company in the world and they don't want to lose a lot of there income. The reason they will lose money is based off of the percentages of differnt countrys who own stock in dinar. There is roughly 5 trillion dollars in dinar not in Iraq so if it is valued roughly at 3 dollars per dinar that's 15 trillion dollars lost in income through the country. Look for Iraq to take as much time as they possibly can to avoid the re value until they can have enough saved in oil to compensate for the 15 trillion dollar loss. Luckily for Iraq at the end of this year Iraq should have 93 trillions worth of oil. Let's pray for a rv soon but look for it in June. Ps. Please do not!!!!!!! Buy dinar on reserve on certain dinar trade sites it is a scam you do not get your money back if you do not pay the rest of the balance due. U lose 131 dollars average. I'm just saying spend the money on buying actual iqd that way you don't have to worry about those sites actually sending you the dinars if it rv before your 30 days are up. Just rember only spend what you can afford just think of it as another bill. It will pay off in the end if Iraq can finally get all the elements in order. Pray for rv!!! I know I am
What is the average family income in Iraq?
The average family in Iraqi makes an equivalent to about $500 dollars a year. *It's actually $5000 according to Iraq's central bank. This is expected to rise significantly, however 7 million people remain bellow the poverty line.
What is the current going rate for a fixed 30 year mortgage?
Currently, as of July 5, the average going rate for a fixed 30 year mortgage is resting at 4.68 percent. The rate has been rising for numerous weeks and shows no signs of stopping.
Will the Iraqi dinar revalue in the next couple of days?
No, but it will by the end of year.
How much Iraqi dinar in circulation now?
According the the CBI, in 2010 there was nearly 27 trillion Iraqi Dinar in circulation. That does include the money that was embezzled out of a branch of the central bank. Within in the last year, the CBI has started to bring dinars back into its reserves and now there should be around 18-20 trillion still in circulation.
What is the average household income in Afghanistan?
According to the United Nations, in 2003, households in Iraq had a per capita income of US $255 (366,000 Iraqi dinars) while in 2004, households in Iraq had a per capita income of US $144 (207,000 Iraqi dinars). The CIA World Factbook does not have available data on household income in Iraq but reports that as of 2008, 25 percent of the Iraqi population lived below the poverty line. Read more: How Much Money Does an Iraqi Family Make Yearly? at the Related Link below.
What year did America join the Iraqi war?
Operation Iraqi Freedom; 2003. March 20th 2003
What is the latest news on the Iraqi dinar revalue?
News for the Dinar is updated everyday. As far as the actual revaluation part of the dinar, that has held steady around $1100= $1USD. Probably toward the end of the year we will see another jump maybe around the $1000 mark. Tough to say though with the United States not being in the best shape financially. Time will tell.
How much does boris tadic of Serbia get paid a year?
more then my 15000 dinars a month thats today 134.012euros
How many 18-20 year old soldiers have died in the Iraqi War?
3
Will the Iraqi Dinar reinstate?
Yes, but no one knows when, although I would say from my experience as an investor since 2004 in Iraqi dinars, it has to happen before end of this year. In fact, as soon as new parliament government is sitting, I suspect it will be one of the most important decisions brought on by the exit of U.S. forces, and the fact that the poor about to have a revolution against government if they see any delay in spreading the wealth. We already see demonstrations and threats, and anyone who understands the region, only the poor become terrorists, and with the deminished security with U.S. pulling out and handing over power to Iraqi forces, the immediate effort to end the misery of the poor has to be the most important goal for Alawi who at this point is about to take office as new prime minister. Alawi had stated he would restore Iraqi dinar, so the people are holding up their revolution with just enough patience to wait until he is seated, and he knows it, so I expect it to happen before August when country shuts down for religious holiday for month.
What decree did Paul Bremer restore US as currency for Iraqi oil exports Saddam Hussein had been selling oil in Euros since Novemmber 2002 Iraqi Parliament approved it?
Paul Bremer did restore the decree of disarming Iraqi. The decree was issued in May, I don't remember the number. Last year it was so easy to find lots of websites with details such as the date in which the Iraqi Parliament passed the law and the date on which Paul Bremer issued his own. Nowadays everybody talks about What happened but nobody speaks neither "When" nor "How".
What are some of the Iraqi holidays celebrated in Iraq by Iragis?
Eid (twice a year), 4th of July, Halloween (for little kids up to like age seven)
What year did the Afghanistan war end?
The Iraq War ended on December 16, 2011. However, a domestic Iraqi Insurgency has continued to the preseny.
Will the Iraqi dinar revalue like the Kuwait dinar?
The Iraqi dinar has been in process of change since the issue of the New Iraqi Dinar in late 2004. ....Central Bank of Iraq financial statements indicate that the redemption of the old Saddam dinar and the old swiss dinar came to a total of around 7 trillion dinar. ....Those same financial statements indicate that the Central Bank of Iraq has been expanding the paper currency supply each and every year since then, and the current currency level is well over 32 trillion dinar. ....One must also consider that their current broad money supply is around 70 trillion dinar(the actual amount that must be revalued). .....These actions indicate that the Iraqi dinar is in fact going to go through a re denomination, and possibly then go through a series of revaluations in returning to a place of prominence among its regional currency partners. ...The Kuwaiti dinar was not subject to a grand revaluation back in 1990, but rather the victim of a loss of confidence following the invasion of the country by Saddam Hussein. Savvy speculators did make a nice gain on the currency when the rate returned to its previous levels. ......But many of the tales just don't add up. .....One must take into consideration that even to this day, there are only about 6.5 billion physical Kuwait dinar in existence.
