#dinars

Ms. Sandy at Edu Matrix has some of the best videos about the Iraqi dinar and it’s prospective revaluation available anywhere on the web.

Everything I’m hearing is that the RV is imminent... anywhere for hours to weeks, months tops. There’s been lots of chatter that this will be a very special Christmas. Sure, could mean anything or nothing, but Trump’s history is pretty close to unanimous in terms of his knowing something specific when he makes remarks like that.

My recommended source for IQD (Iraqi Dinar) is Egan Store (http://egan.store & Egan Shop https://eganshop.com).

Peter (the owner of Egan Store) has told me this week that he intends to start removing IQD listings soon, although he couldn’t give a date, stating that they would only sell what they can replace, but would sell as long as he could get it. So as long as they can get it they plan to make it available and help as many people as possible procure some before it’s too late.

Peter is a good man and his customers love him. His business has achieved a better than 99% customer satisfaction rate selling on eBay, Etsy, other third-party platforms and from their relatively new site, EganShop.com.

Peter will be launching a plethora of currency-specific, niche collectible numismatics, coin & banknote shops — each specific to a particular nation’s currency.

Egan Shop and Egan Store have every denomination of new Iraqi dinar available for some of the best prices available anywhere online. If you find a better price, message them. If Peter can beat it he will.

https://etsy.com/shop/EganStore

IRAQ BREAKING NEWS Iraq News al Sadr’s Request to Dissolve Parliament - EDU Matrix

The contents below come compliments of Ms. Sandy at the EDU Matrix YouTube channel:

IRAQ BREAKING NEWS Iraq News al Sadr’s Request to Dissolve Parliament Plus TThe Finance Minister

Trump Comments Regarding US Iraqi Dinar Holdings - RV-Related?

The video above is an except from an exclusive interview President Donald Trump conducted with Fox News’ Laura Ingraham. In the clip, Trump makes the case that Iraq should repay the American taxpayers for the investment in American tax dollars and lives lost put into Iraq’s liberation and reconstruction.

250,000 IQD - 1/4 Million Iraqi Dinar For Sale

It was his comments in the final two minutes or so of this 15 minute+ clip that have been interpreted as innuendo relating to the value/exchange rate and international acceptance of Iraq’s currency, and in particular one tactic the US might use in order to coerce Iraq to revalue the New Iraqi Dinar, which depending upon where the new rate were to be set, could effectively eradicate all debts in America public and private.

Listen very carefully to the final sentence. Trump threatens to leave American troops in Iraq indefinitely unless Iraq repays the US for its investment into their country.

This is big. The reason being is that one of the last major hang-ups for the United Nations, World Bank and International Monetary Fund, whose sanctions helped cause the original hyperinflation of Iraq’s currency is that until the US withdraws all of its forces from Iraq, they’re technically still under foreign occupation and therefore not sovereign, thus neither is their currency, at least that’s the rationale used to continue to justify sanctions against it.

Buy Iraqi Dinar Banknotes - Every Denomination Available:

http://www.ebaystores.com/Buy-Iraqi-Dinar-VND-and-Zim-Bonds/Iraqi-Dinar-/_i.html?_fsub=31304986010

Vague or Telling?

Trump did not specify that the repayment must occur via revaluing a currency that the United States owns at least $35,000,000,000 of, and quite possibly several times that. That’s 35 billion US dollars, the amount of dinars is several thousand times that figure. Imagine if the currency were to be reset to be 1:1 with the dollar. That’s a lot of money for the United States.

There are several reasons why I personally am bullish on the dinar, and the fact that Iraq cannot have a sovereign currency until the US withdraws all forces, and until they have a sovereign currency they’ll have to continue to trade internationally using US dollars and the dinars will be practically worthless. Play ball, get a sovereign currency and watch as the new rate is justified by market forces with all the new trade possibilities that would result from sanctions by the World Bank, IMF and UN that have been in place for more than 30 years being suddenly lifted.

What documents has Wikileaks published relating to the rumored IQD/VND RVs? (Part 1)

By: Peter Egan Jr.

A 2010 email published to Wikileaks’ “Global Intelligence Files” shows what appears to be a random man emailing an employee of a Texas-based intelligence contractor to inquire about what his firm knew or didn’t know regarding the long-rumored revaluation (”RV”), essentially a massive and instantaneous change to the foreign exchange rate of a national currency. Technically, a country can revalue its currency to either increase or decrease the value of the currency, however in this context, with these two particular countries it’s typically discussed in the context of an upward trajectory being the bullish position among speculators. This is the case even as Iraq just this past couple week devalued the Dinar relative to the US dollar.

The dinar trade on third-party sites like eBay, where users buy and sell Iraqi Dinar at generally inflated prices, is alive and as healthy as ever. At one point in July and August sellers were fetching nearly 300% of the actual exchange rate, and are still selling for much more than IQD has traditionally traded for on secondary markets, although the price has subsided a bit, largely due to a giant increase in supply after word made its way around the Dinar forums and YouTube shows about how much IQD was selling for, while demand has dipped with many investors and speculators possessing a common misconception that the 2020 Presidential election was won by the candidate who actually lost (badly). Dinar speculators have a very large faction who believe that the Iraq currency’s relative worth is to be decided in large part whether the incumbent US President remains in office. Even still, comparing the exchange rate Xe lists against the market rate as determined by the amount IQD is actually trading for againt various other currencies leaves a surprisingly wide gap that begs the question of why the market is willing to pay so much more than it (the market) is being told the high-risk, speculative investment is worth.

If we take the email Mike Whims of the now-defunct Rare Buyer LLC sent to Solomon Foshko of Stratfor, which Wikileaks described as a “global intelligence firm” headquartered in Texas, it likely has something to do with a long-rumored revaluation of one or both of Iraq and Vietnam’s currencies.

Whims in a 2010 email to “[email protected]” that ultimately made its way to Foshko, who appears to have no prior connection to Whims and whose position reads “Global Intelligence,” wrote the following: 

Email subject: “STRATFOR Group Sales - Inquiry”

Email Body:

“Interested in foreign currency revaluations. My current interest lies with Iraq and Vietnam. Do you have any analysis that might help determine when a currency revaluation may occur such as what happened with the Kuwaiti dinar?”

The message made its way to Mr. Foshko, who replied with the following:

Mr. Whims, I have forwarded your question to our analysts. They may contact you. I did a search of current analysis available on our site, but did not find anything related to the Kuwaiti dinar. Regards, Solomon Foshko Global Intelligence STRATFOR T: 512.744.4089 F: 512.473.2260 [email protected]

I reached out to both parties via email (this is New Year’s Day so I am reluctant to call until Monday) to request comment and additional information and clarification. Neither has replied as of this story being published. That said, I don’t expect either to reply on New Years Day, and will update this story with any replies should either or both respond to my inquiry.

Stratfor knew (or thought they knew) something regarding an IQD RV by 2011

Another Stratfor email exchange published to Wikileaks references a plan by the Iraqi government to remove three zeros from the currency, a plan which ultimately failed and for which the then-Iraqi government suffered heavy criticism.

Kamran Bokhari writes in an email to Stratfor analysts:

There is a plan to drop the three zeros off the current Iraqi Dinar as part of an effort to raise its value. So if someone has the old currency (the one printed after the fall of the Baathist regime in 2003) and turns it in will he/she get the same amount of dinars or will they get less as per the difference in value?

Bokhari was speaking of the plan by the Iraqi government as described by Albawaba as: “a plan to remove three zeros from the dinar, replacing current banknotes with new ones.“

The article touches upon the inherent difficulties and challenges faced by a nation the size of Iraq in a project of such a massive undertaking as a total currency revaluation.

According to Mazhar Mohammad Saleh, an expert in the Iraqi Central Bank, in a speech with the ALHAYAT of London, “our problem lies in the timing of the currency exchange, as we need to select a suitable time for implementing the project without obstacles.”

The Central Bank planned to remove three zeros from the Iraqi dinar, after suffering from inflation and the decline of the currency during the nineties, due to economic sanctions.

The following quote from the story is also noteworthy:

The most important change after deleting the zeros, is to reduce the number of banknotes in circulation, simplifying the payment system in Iraq.

In the second paragraph quoted, the article claims (accurately, IMHO) that the decline of the Iraqi Dinar is directly tied to economic sanctions stemming from Iraq’s invasion of Kuwait in 1990. Then in the final paragraph quoted, the article states that the most important step once “deleting the zeros” is to reduce the number of banknotes in circulation.

That last part is significant. If the United States Treasury does in fact hold untold trillions or even quadrillions of Iraqi Dinars from the initial postwar “currency swap,” and/or all of the USD auctions and USD cash pallets delivered to the Central Bank of Iraq, a number known to be at least $40 billion USD as of 2008, and that number has only increased in the 13 years since, although the US government has not revealed by how much or even how much IQD it holds period; then untold trillions could be removed from circulation just by the US exchanging their Dinars back for US Dollars and/or digital currency assets following a revaluation. Iraq could repossess those Dinars and have a giant bonfire with them, at least in theory. Then there are all of the American, Canadian, British and Australian currency speculators who hold IQD in their portfolios who would be looking to swap their suddenly valuable IQD for a currency they can use to buy and sell. While that number surely pales in comparison to the US Government’s holdings, it’s still likely nothing to scoff at, particularly in 2020 with Americans having nearly two decades of hearing about how the Iraqi Dinar would experience a rate change that would lead to windfall profits for American currency speculators. The Dinar is trading at 2.5 times its value (as defined by exchange rate) in US-based secondary marketplaces. One such marketplace where American consumers buy Iraqi Dinars is eBay. Compare those prices to the prices listed at Xe when you look up the formal exchange rate.

It’s been three decades since the economic sanctions that crippled the IQD were enacted and there seems to be a growing global consensus that it’s time to revisit the sanctions and review whether or nor they’re still appropriate and still serve a purpose that isn’t entirely punitively enacted against people, many of whom weren’t even alive when the events that provoked the enacting of the sanctions occurred.

To recap, we know that in 2011, Iraq did plan to at a bare minimum redenominate its currency. Some would argue that the 2011 plan constitutes a revaluation. Semantics aside, if the sanctions are what crashed the currency and have hindered it for three decades, if those sanctions are lifted simultaneously with a major rate change accompanied by Iraq repossessing hundreds of trillions of Dinars from citizens and countries across the globe and presumably removing them from circulation, there’s definitely an argument to be made that the concept of the “Iraq Dinar revaluation” is anything but a scam, and may not only be very real, but also very plausible despite the fact that elements within the media will tell anyone who will listen that Iraq’s situation with its currency bears no resemblance to the 1990-1991 Kuwaiti currency situation and that the same outcome is not possible in Iraq.

If it does finally happen in 2021, and there’s a lot of smoke that would seem to suggest that 2021 might be the year of the Dinar, the “Dinar Scam,” as it’s come to be known, will be remembered as all the people, publications and networks who for the better part of a decade have tried their best to convince anyone who will read or listen that investing in the Iraq Dinar is something only stupid people do, and that smart intellectuals like those in the media like to ridicule such simpletons while at their cocktail parties in their ivory towers.

Since September, I’ve received first-hand information from two different credible, named sources, which by all accounts appear to be newsworthy developments to IQD holders/investors/speculators, as well as anyone sitting on the fence trying to make a decision of whether and how much if any to invest.

To be clear, I don’t have anything from an official source... Well, that’s not entirely true. I do. It was a person I believe to be a very high-level insider who first brought the Dinar RV to my attention. However, I will not elaborate upon that nor who the individual is that told me. For one thing, I don’t even know his name/identity, and I know better than to ask for it. I suspect that’s one of the reasons he talks to me. An image search of my name with and without my “Fat Lester” twitter handle reveals a sampling of some of the people I know, am friends with, have worked for and/or met. This person is WAAAAY more connected than I am or ever will be. But his information isn’t new, and was pretty general in nature. It essentially said that buying IQD might be a good move, and that anyone who agrees but hasn’t done so yet may want to consider not waiting much longer. What makes it significant is who said it, and that it was said to me first-hand (as well as publicly). But since I don’t know the identity of who said it, just that the individual is an extremely connected insider, I’ll not name his social media profiles in this post.

Manager of Local Currency Exchange Makes Startling Revelation

The first of the two developments I believe to be newsworthy came from the manager of a local currency exchange business (photographic proof below). I folded the receipt so the name of the business isn’t showing because I don’t want to contribute to the lady being fired or getting into any trouble at work.

I was there to buy Vietnam Dong, and I asked why IQD had recently been removed from her employer’s website. She said the federal government had come to them and told them they were no longer allowed to sell IQD. They could buy it, but anything they bought had to be exchanged for dollars and could not be resold. That conversation occurred September 08. I purchased IQD through them in July after a six week wait (the waiting list was long). IQD had been listed on their site as recently as a couple weeks before that day. I can only think of one reason why the US government would do that. Maybe I’m missing something so please comment if anyone reading this can think of any I may be missing.

Mid East Banknote Dealer: Iraq Reduces Amount of IQD One May Leave Country with from 10,000,000 IQD to 1,000,000 IQD; Begins Strict Enforcement

At the height of the shortages mid-summer, I used my experience selling online to find a collectible Mid East banknotes dealer who was selling IQD for about 60% of the lowest eBay prices at the time.

He’s been my supplier ever since, and we’ve developed quite a rapport and friendship. He is very grateful that I found him because he had no idea about the RV. He’s based in Ankara, Turkey, and since IQD became hard to find he started going into Iraq to get it (or going to the border and paying Iraqis to get it for him).

Well, since he started having to drive to the border to get it, Iraq has had a 10 million IQD limit on the amount of cash one can leave the country with. That said, according to the gentleman whose name is Laeth and whose last name I’m not able to spell, that limit had never before been enforced. The most recent trip he made, the amount of cash one could leave Iraq with had been reduced from 10 million IQD down to 1 million IQD, and Iraqi officials had security teams at every border crossing, and were thoroughly searching every individual and every vehicle trying to leave the country. I repeat, they were searching everyone who was LEAVING Iraq.

It’s not uncommon for cars and people to be searched at border crossings. But usually it’s the country they’re entering who’s doing the searches. And they’re looking for things like drugs, guns/weapons, trafficked people. Not cash.

These two developments are pretty powerful. I will reveal the identity and name of the employee and business from the first story to someone with an audience so they can verify that I’m not making any of it up. I must ask though that they not publish the manager’s name nor place of employment, and only tell readers/viewers that I did disclose both, and that they independently verified that what I said is in fact accurate, the conversation did occur, and she is in a position to make such a claim and has no incentive to lie about it.

Worth Mentioning: Same Currency Exchange Manager Says RV Totally Legit

One other thing I’ll add: I asked that same lady point-blank if there was legitimacy to all the RV talk I’d been reading about. She unequivocally told me that yes, it’s legit, it’s really happening, but that she couldn’t tell me which if any foreign currencies she owned personally because of her job position. The way she said it and the context in which I asked implied that she herself owns IQD & VND.

I wanted to ask her more but right then other customers came in and she went back to being professional as opposed to being candid.

Neither of the two people cited herein has any incentive to lie. Laeth didn’t know about the RV until I told him, and he knew I intended to buy as much as I could afford anyway. [Redacted] knew I was buying anyway, and only talked to me when we were alone together and even then only when I asked after we’d completed the transaction shown on the receipt.

Take it for what it’s worth.

Journalists wishing to validate the claim regarding the GM of the currency exchange business may reach me at 985-590-2253. Please text me with your name, organization/channel and callback number. By inquiring about her identity, you are agreeing to keep her identity and place of employment confidential unless she explicitly grants permission to publish that information. Reproduction of any of this material in any form is allowed as long as attribution is given to Peter Egan Jr. of Iraq-Dinar.com.

Laeth, the banknote dealer out of Ankara, can be reached by visiting BuyDinar.online . His domain ends in .store or .shop, and he has a Turkish and an Americanized version of his store. Much like his last name, I’ve struggled to remember his store URL so I registered the domain name above and forwarded it to his site for my own convenience when making purchases. He has agreed to speak with anyone who seeks to corroborate the story contained herein.

Note: The URL for Laeth’s original website and the one I purchase from is as follows: https://numizmatika.store/shop.