Version 1.

INDEX

Disclaimer/All Rights Reserved/Copyright Notification..................................1

I. CONSIDER THIS YOUR DINAR FOR DUMMIES GUIDE................................2
II. WHO WROTE THIS: ABOUT ADAM MONTANA..........................................5
III. TERMS.......................................................................................................6
IV. HISTORY OF THE IRAQI DINAR...................................................................8
V. WHERE DOES ONE BUY DINAR?..................................................................11
VI. WHAT KIND OF RETURNS MIGHT WE SEE?................................................12
VII. UNDERSTAND THE POTENTIAL.................................................................12
VIII. ISNT THIS KIND OF FAR FETCHED, ADAM?..............................................13
IX. GOOD POINT, ADAM, LETS GET TO LEARNING..........................................14
1. IS THIS A SCAM?............................................................................15
2. WARKA INVESTING IN IRAQ.......................................................17
WARKA BANK ACCOUNT ................................................................................18
ISX IRAQI STOCK EXCHANGE...................................................................19
X. EXAMINING CHAPTER 7 .............................................................................22
SUMMARY:
WHAT TO DO WITH THE MONEY ...............................................................27
FAQS...............................................................................................................30

DISCLAIMER OF WARRANTY / LIMIT OF LIABILITY

Please read this disclaimer carefully. Your reading of this book will constitute and be deemed an acceptance of the terms of this disclaimer. If you do not
agree with any of the terms below, discontinue reading this book immediately.
The information and content provided in this book is the opinion of Adam Montana, and is being provided for entertainment purposes only. The
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Iraqi Dinar
Real RV Intel
Consider this your Dinar for Dummies Guide.
Let me start off by stating one fact: Iraq doesnt care about you, not one bit.
The people who say Iraq wont LOP, we have too much invested! The US would
never forgive them! Etc, etc on and on...
Are you kidding me?! Iraq doesnt care about us! They dont give a fart in the wind
how much either of the Bushs, Obama, Donald Trump or the Pope has invested in
Dinar!
Heres another fact: Get Rich Quick schemes are usually just that: schemes. Im
not writing this book to tell you how you can get rich overnight by buying dinars. Im
writing it to give you some good solid information on the whole situation, so you can
determine for yourself if this is an investment you care to be part of.
My personal opinion is that this isnt a get rich scheme its more of an invest
intelligently with the chance of getting rich quickly plan.*
*Disclaimer: I am realistically optimistic about my investment in Iraq, so you will find
a tad bit of bias in my writings. Of course, if you are looking for negative information
about dinar investing I doubt you would have bought the book in the first place.
Now, you wont find a link to my favorite dealer. Im not a dealer, no dinar dealer
2

gives me any kind of kick back for my work. You also wont find an exact date the
dinar will revalue in here. This book is not written to bash dinar dealers, its not
written to pump sales, and its definitely not written to make you feel better about
your chances of buying that yacht next week sorry! So, for those out there that
have a variation of Tourette's and need to holler PUMPER! PUMPERRRRRRR! every
time someone finds something encouraging go read the definition of pumper,
why dont ya? (Its on page 6).
This book IS written to provide some guidance regarding the very confusing and very
vast world of the Iraqi Dinar. If you look in a hundred places on the internet, youll
likely find a hundred different opinions what should you believe? Where can you
actually find REAL information?
Well, this book is a GREAT start. If youre looking for an exact rate or date the Dinar
will revalue nobody can tell you that. The only thing we can do is try and
understand the clues that present themselves, as they present themselves.
I can tell you this much Ive heard all the rumors at least twice, and Ive
researched, debunked, and verified more Dinar information than any two gurus out
there in other words, Ive been around the Dinar block!
As you read through your new copy of Dinar for Dummies, prepare to hear candid
answers that you may not like. My reputation as a straight shooter is earned and
deserved I'm here to tell it like it is.
By the way, congratulations on taking the step forward and purchasing the book
Ive poured 5 long years of experience, knowledge, and Dinar wisdom into this book,
and I hope you enjoy reading it.
Important! Iraq is a very fluid situation and will constantly change this book will
be updated as needed and new copies will be available to authentic owners
without a re-purchase. If you received this book without purchasing it, you are in
3

possession of an illegal copy and worse than that, its probably outdated. Dont
invest a PENNY on old information! Remember, a day late equals a dollar short!
To see if you have the most up to date version, look here:
http://www.RVIntel.com
Again, this book is a work in progress and will remain so until further notice!
Thank you for your support in my research, and I promise to always do my best to
deliver the truth, whether its news we like or not!
Lets continue.

Tell me if this sounds familiar:

Scenario A: You heard about the Dinar from a friend who was very excited. Your
friend told you, Not everyone knows about this, but the Dinar is about to Revalue
and if you dont get some NOW youre going to miss out on millions!
You bought some Dinar. The days went by, and every day you heard more and more
rumors but you cant cash in yet.
Did I nail it? I probably did, unless youre a vet to the investment
Scenario B: You experienced scenario A some time ago, maybe a month... or two
months or maybe even years ago. Ive personally held my Dinar for about 5 years
now. Youve heard every rumor at least twice and maybe you have faith but
maybe you dont know if its ever going to hit.
Now youre wondering if you should sell hold or buy more.
4

There IS a chance you found this guide before you purchased some Dinar, although
most people seem to be asking questions after they bought. Why hasnt it RVd
yet? and When can I cash in? Those are the questions I hear the most.
Those are the common questions I hear from people before they get around to
searching deeper and learning more about the very complicated subject of progress
and potential in Iraq.
Maybe youre scenario A, maybe youre scenario B, or maybe youre a dealer or a
pumper and youre hoping to find something here to discredit me. No matter which
you are: I guarantee youre going to learn a few things while reading this book!
This guide will serve as a foundation for new investors and old. Let me tell you a
little about me.

Who wrote this fantastic piece of literature, anyway?

Thanks for asking! My name is Adam Montana. I am a Harvard graduate, a self
made successful entrepreneur, and I have been following the Iraqi Dinar for over 5
years. I invested in the Kuwaiti Dinar at the right time. I currently hold a substantial
amount of Iraqi Dinar, spread among Iraqi Bank Accounts, Iraqi Stocks, and Iraqi
Currency. Most importantly, for you as a new or potential Iraqi Dinar investor, I can
still remember what it was like when I first stumbled across the investment.
If you know me, you know I run the popular internet site called Dinar Speculation
at http://www.dinarspeculation.com. Dinar Speculation is a blog that I use to share
current events and my personal perspective on the possibilities of the Iraqi Dinar. I
also help run a community called Dinar Vets at http://www.dinarvets.com. I say
help because the community has so many members its impossible to run on my
own I owe a debt of gratitude to the moderators and the members without whom
the site would not be possible. Both sites are free; I encourage you to check them
out if youre not already a member.
5

I bought my dinar for the same reason you all did, or are considering doing so:
because of the possibility that we can make monstrous returns with relatively little
risk.
So, now you know a little about me! Before I get ahead of myself here are some
terms you should know.

Terms:
NID: New Iraqi Dinar. The correct abbreviation is IQD.
IQD: Iraqi Dinar, Iraqs official currency.
RV: Short for Revaluation or reval. When a currency is revalued, it makes a
change either up or down.
RI: Short for Reinstatement. Some speculators believe the IQD can be
Reinstated to its former value.
Lop - currency: Iraqi Currency has some very large denominations, such as the
25,000 Dinar Note. A currency lop would effectively lop the last 3 zeros off the
currency, making a 25,000 note worth 25. (25,000 minus the zeros = 25,000).
Lop exchange rate: The Iraqi Dinar exchange rate is currently calculated at about
1170 Iraqi Dinars to one USD, or an exchange rate of 0.0008547. Lopping the first
three zeros off the exchange value would put it at 0.85, or $1.18 per IQD.
Dealer: Most banks do not sell Dinar, nor do they exchange dinar. In order to
purchase or sell Iraqi Dinar you must go through a dealer or buy them from
someone, like on eBay.
Pumper: Someone who fabricates rumors about the IQD in order to generate sales
6

for the Dinar Dealers. If someone is not getting paid for their pumping, its unlikely
they are a pumper. Some people pump for attention, rather than money. Some
have developed a cult-like following look around; youll find some of them out
there.
Lopster: Someone who frequently pushes the idea that an RV is impossible and
believes the only option for Iraq is to Lop. Most Dinar investors have Lopster
Allergies but are able to tolerate other shellfish (like tuna, shrimp, crab, etc. In fact,
many investors partake in regular Lobster with no side effects at all.)
Kool Aid: Kool Aid is a reference to the Jones Town mass suicide led by the
Peoples Temple founder, Jim Jones. Over 900 people died when he commanded
the congregation to drink cyanide laced Kool Aid. There are people out there who
believe everything they are told without using their own brains, these people are
said to be drinking the Kool Aid.
(*FYI it wasnt Kool Aid they drank, it was Flavor Aid. Feel free to share that tidbit at
the next spiked punch bowl you happen to be standing by for a laugh. *wink wink*)
FOREX: Short for Foreign Exchange, like a stock market for currencies. The IQD is
not on the FOREX at this time.
CBI: Stands for Central Bank of Iraq. Oversees smaller banks in Iraq and sets
monetary policies. See: http://www.cbi.iq
EL: Election Law.
IMF: International Monetary Fund. See: http://www.imf.org
SDR: The SDR is an international reserve asset created by the IMF in 1969 and
serves as its unit of account. The currency value of the SDR is determined by
summing the values in U.S. dollars of a basket of major currencies.
7

History of the Iraqi Dinar.

In 1932, the Iraqi Dinar was equal to USD $4.86. From 1932 to 1973, the Iraqi Dinar
was valued from $2.80 to $3.39. 1974 to 1985 the Iraqi Dinar floated from $2.80 to
$3.39.
In 2001, war disrupted oil production and the value of the Iraqi Dinar fluctuated
between $0.33 and $1.32 from 1986 to 2003.
Since the overthrow of Saddam Husseins regime in 2003, Iraq has been in turmoil
and the value of the Dinar dropped from its previous strong position to a low
$0.00027. To date, the Dinar has risen to $0.00067 more than double its value 6
years ago. While thats impressive on its own, it is nothing compared to what some
economists project for the future of the Dinar.
Many experts speculate that the Dinar could appreciate from $0.10 to $2.80 from it's
current value, and possibly overnight which is why the majority of us are involved
in this topic.

Current Dinar Value

Iraqi Dinar is currently valued at approximately 1170 IQD to 1 USD, meaning for
every $1 you get 1,170 Dinars. Since the Dinar is so low in value, it literally takes
almost 4,000 Dinar (or Iraqi Dollars) to buy a loaf of bread! Can you imagine
bringing $4,000 dollars to the store for a loaf of bread? If a loaf of bread in the US is
$2.00 and my average shopping trip is $140 that means that my average shopping
trip in Iraq would be $163,800! Thats not a huge issue in and of itself, as long as Im
using a Visa card but what if Im paying with cash? When is the last time you
counted out 164 grand in 20s?
For this reason, Iraqi Dinar notes come in much larger sizes. Its a lot easier to get to
160k when youre counting by 25,000s. Instead of (8,200) $20 bills, they count out
8

(7) $25,000 notes. Much easier, right?

Now that you understand the basics on the current value and the history of the
Dinars value, lets look at what would happen to those large notes if the currency
revalued to its former place.

A Dinar Reval Speculation

Fact: Iraq holds one of the largest natural gas reserves in the world - even more than
Kuwait.
Fact: Iraq holds the worlds fourth largest reserves of crude oil (black gold) - even
more than Kuwait.
Fact: Iraq is moving quickly towards a stable, peaceful democracy capable of
sustaining peace and commerce.
Considering those three facts alone, why is the Dinar not worth more, like the
Saudis and Kuwaitis currency? I speculate that it isnt worth the same simply
because the trigger hasnt been pulled. The pile of obstacles preventing that trigger
from being pulled is getting smaller and smaller, and I strongly believe that one day
soon we are all going to wake up to find that it has happened.
We do have a couple of things to worry about, as investors.
One possible scenario is this:
The Iraqi Dinar revalues at 1:1, meaning every 25,000 IQD note you hold is now
worth $25,000 USD! The Iraqi government will have to cover every note that comes
in, which is arguably no problem since they have such a wealth of natural riches.
However, why would they make it easy for us to sit on millions? They wont! How
9

could they make it hard for investors to recover their profits?

Here is an example of how it could play out. Lets say Iraqi Dinar revalues at 0.10:1,
and at the same time Iraq places a mandatory recall on large notes with a 30 day
deadline. This means that if you dont cash your 25,000 Dinar note in IMMEDIATELY,
you lose your money. In 30 days, your 25,000 note is worth nothing more than what a
collector will pay for it. What will you do then?
Once again, the answer is simple. You will take the 10 cents! You were forced to
cash in at a lower rate. Make sense?
The good news is that your investment paid off the bad news is you missed out on
the FUTURE growth of the newly revalued Iraqi Dinar.
So, what do I suggest?
Listen, I dont get paid to pump the dinar. Im not a dealer; Im just a guy who loves
sharing news and educating people. This is an opportunity that can help many lives,
and thats all the reason I need to be involved. I dont get paid to open Warka
accounts, and I dont get paid to pump the ISX. I am NOT a pumper! I am simply
here to help so heres my advice.
There are three ways to invest in the Iraqi Dinar. One is cash dinar, another is open
a Warka Account, and the third is investing in the ISX. I believe it is wise to remain
diversified in all of your investments. Dont spend more than you can afford to lose,
and dont let greed blind you. Perhaps well wake up millionaires tomorrow or
maybe well have to wait another day.
Ill be here writing about it, either way.
(Make sure you sign up for the newsletter to get articles like this emailed to you - its
100% spam free and no charge to you.
10

http://www.dinarspeculation.com/subscribe.php )

Where does one buy Dinar?

I am not a Dinar dealer, and Im not going to recommend any one dealer in this
eBook. My agenda is education, not promotion of sales.
Sources:
1. Banks (see this link to find a current list of banks http://iqd.me/l/5x )
2. Dealers
3. Other places, like ebay etc

There are several reputable dealers out there, a good idea is to ask the members on
http://www.dinarvets.com and use someone who everyone has a good feedback on.
Do your research and use a company that has been around a while if you choose to
buy Dinars! A very smart option is to purchase from a dealer who offers C.O.D.
(Cash on Delivery)... I hear from several people a week asking if I can help them
get their money back from a shady fly by night Dinar dealer. Im sorry, I cant! The
cheapest source isnt always the best source would you rather pay full price and
actually get your dinar, or would you prefer to take a chance on a bargain price and
possibly never get your product?

Ill say it again: The cheapest is not always the best!

You can also get Dinars on eBay, but you usually pay a higher price doing that and
they are handled by too many people, in my opinion. There are very few banks left
at the time of this publication that will sell you IQD, but you can always check your
local branch. Of course, if things go the way many speculators believe it will by the
time you read this book, it will be too late to invest anyway.
11

Sorry if you missed out!

What kinds of returns might we see?

Thats a tricky question, and if you are only out for the pie in the sky you might be
disappointed. I told you I was going to give it to you straight, so here it is:
If there is no big RV, and the IQD continues to increase as it has over the recent
years, I am guessing we will see a modest increase of 6-25% over the next 4 years.
This isnt the return many of us are hoping for, but lets be honest a steady 6%
return on our investment is NOT BAD!
There is something you need to understand here although the risk is minimal,
there IS a risk. Worst case scenario: The Dinar could be replaced by another
currency and our investment flopped. DO NOT INVEST MORE THAN YOU CAN
AFFORD TO LOSE!
I dont think that will happen, but it is a possibility.

Understanding the potential.

The IQD is currently valued at about 1,170 Iraqi Dinars per 1 US dollar. Prices vary
from dealer to dealer, but lets use a round number: if you invest $100, youll end up
with about 100,000 Iraqi Dinar. If we were to see a small increase in the IQD, for
example a reval of 10 cents, that makes your $100 investment instantly worth
$10,000. Just like that. Pow. POW!
What if it RVs at over a dime, though? Well, thats where it gets really interesting!
The Kuwaiti Dinar is currently the worlds strongest currency, valued at over $3 per 1
Kuwaiti Dinar. When you look at all the facts, it is indeed possible for Iraq to match
12

that. They have a majority of the worlds oil reserves and natural gases. With
Saddam Hussein out of power, democracy is flourishing and the country is becoming
more and more peaceful and stable. So if Iraqs currency was re-evaluated and put
on par with the US dollar, which is only 1/3 the value of the Kuwaiti Dinar (KWD),
then your $100 investment is suddenly worth $100,000! What if it goes to half the
value of the Kuwaiti Dinar? $100 is worth over $150,000! Take it another step that
many speculate: what if they RV it on par with the KWD? Better yet what if you
invested $1000 in the IQD AND it RVs at over $3?? Well, my friends, your $1000
investment just made you more than THREE MILLION USD.
Thats pretty exciting, huh?! Yeah, it is. What would you do with 3 million bucks?
Buy a house? Pay for your kids college? Get out of debt? Open a restaurant?
Donate half to a charity and stick the rest in your retirement fund? A little of each?!
The possibilities are endless

Isnt this kind of far-fetched, Adam?

I thought youd ask that. In fact most people do, unless they have rocks in their
head instead of a brain. Before I go into some Frequently Asked Questions about the
IQD, let me ask you this:
Q: If you invest $100 for 100,000 IQDs, and it never revals what have you lost?
A: $100. You have only lost $100*, but I bet you learned a bit about foreign
countries, world events, and currencies in the process.
Now let me ask you another question:
Q. If you DONT invest $100 for 100,000 IQDs, and it RVs at 1:1 (1 USD per IQD),
13

what have you lost?

A: Well, technically, you didnt lose anything except an opportunity.
But thats not how I see it! If I didnt invest that $100, I would feel like I lost ONE
HUNDRED THOUSAND DOLLARS. And let me tell you what I would sure rather lose
$100 than $100,000!
*Even if the currency never revaluates, the current trend is a steady increase in value. If you dont get rich in
the next 5 years, you will still stand a good chance of seeing a decent profit. Profit is good!

Good Point, Adam. Lets get to the learning!

Thats what I like to hear! When I first heard about the Dinar, I was skeptical at first,
and then hopeful. A useful phrase that has done me right many times is the old
axiom,
If its too good to be true it probably is!
With that truth in mind, I invested a little at first. You know, just because Id hate to
miss out because I was too skeptical, and hey, whats a couple hundred bucks, after
all ? Answer: Not much! I blow that on stuff that has ZERO chance of turning a
profit, so this isnt such a bad idea when you look at it that way! But a funny thing
happened the more research I did, the more I found information that did
everything BUT prove this is a pipe dream.
In my opinion, in fact.. It actually DOES have the potential to become more than a
couple worthless scraps of paper sitting in my desk drawer!
Well, my investment has definitely grown since then. In fact, its gone from a couple
14

hundred thousand Dinar in my desk drawer to a couple of stacks of Dinar in my safe.

It doesnt fit in my drawer anymore, to be honest and if I happen to be on vacation
when an RV happens, I want it to be safe! (No pun intended.)
Because Ive invested pretty heavily in the Dinar, I research every day. I talk to other
investors, and I am always on the lookout for news that will tell me to either sell
out or maybe buy more. As it is, Ive simply bought a little each month and
happened to learn a lot on the way. And when it comes down to it Im a business
man. If I sell right now, Ill make a couple bucks due to the growth of the Dinar over
the years. A great investment is one thing, and I believe the Dinar to be one. A bad
investment is quite another
I dont let my emotions rule my business decisions, and I wont let it affect my
newsletter broadcasts. If at any time I truly believe the Dinar Dream is over, Ill let
you all know.
Scouts honor.
Now, lets get to some Topics!

Is this a scam?
One of the topics that I get the MOST feedback on is how many people think this
investment is a scam. Listen up, readers Im going to set the record straight once
and for all about this Dinar Currency Scam.

15

First you need to know about the Dinar Currency and what the hype is about. The
Iraqi Dinar Currency that is used today in Iraq is arguably the most sophisticated
currency in the world. The technology that makes it almost impossible to effectively
produce usable counterfeit dinar currency is amazing. When checking your Dinar
Currency to spot fakes, you can check for:
Metallic Ink
Embedded security Thread
Horse Head Watermark
Color Changing Symbol
Ultraviolet Feature that glows the Denomination Value (Currency amount)
Now you know what to look for in your Dinar Currency, so what about the
investment itself? Is investing in the dinar currency a scam?
Well, thats a tricky question. First look at the source of your information. If your
intel is suggesting that you will be made rich overnight, tonight, guaranteed youre
a victim of hype and youre probably going to be disappointed. The simplest concept
you need to understand when talking about the Dinar Currency is that nobody is
going to be able to tell you exactly when it will revalue.

16

But does that mean the Iraqi Dinar Currency hype is a scam? Absolutely not!!!
Here are a couple of very real facts. Iraq has a majority of the worlds natural
reserves and crude oil, putting it on the same level as Saudi Arabia and Kuwait. If
you know anything at all about Saudi Arabia and Kuwait, you should know that their
currency is very valuable and their natural resources are one of the reasons. So, why
isnt Iraq as rich as Saudi Arabia and Kuwait? That answer is simple they only
recently established a stable government, elections are now being held successfully,
and the march towards financial recovery is progressing steadily. Crime and
terrorism is lower and lower all the time! And just as importantly the Iraqi
people are unjustly impoverished as a result of the recent chaos and they cannot
remain in that situation for much longer, not when they control a major amount of
the worlds black gold.
The question, then, is When will the Dinar Currency of Iraq Revalue?
This investment is not a scam, but you must be prepared to wait for things to
happen. It may revalue, or reinstate, to a previous level which would make many of
us rich overnight or it might grow slowly, over time, giving a nice return on an
investment that many of us were smart enough to make. One thing I do know for a
fact the Iraqi Dinar will not stay at 1170 forever.

Warka Investing in Iraq

Warka is an Iraqi bank that allows foreign investors such as us to open accounts
There are three options to invest in the Iraqi Dinar - Cash Dinar (IDQ/NID, or New
Iraqi Dinar), the ISX (Iraqi Stock Exchange), and having an Iraqi Savings Account (the
easiest we have found is Warka Bank).

17

Option 1: Apply for Warka Account at Warka website.

At the current time it is possible to simply apply online and then wire funds into your
account. To apply online, you will need a digital copy (JPEG or PDF) of your passport
or government ID. You will also need to Type your address on a text or word file to
upload with your application. Click here to apply online for an account at Warka
Bank. (If that link doesn't work, simply type this into your browser: http://iqd.me/l/5u )
Step 1: Email Warka Bank with appropriate documents.
Compose an email to IFRD@Warka-Bank-Iq.com with the following text:
I would like to open a USD and IQD account with Warka Investment Bank. I am
attaching a copy of my ID and the required Authorization Letter.
Thank you,
(your name)
Attach the following items to your email:
This completed Authorization Form (http://iqd.me/l/5v)
A digital (JPEG or PDF) copy of your government approved ID.
Step 2: Get funds in your Warka Account.
Finally, you will need to fund your account in order to invest in Iraqi Dinar (Savings or
ISX or both). Once you have your accounts open at Warka, you can fund them by
wiring from your domestic bank to:
Account Number: 36908969
Account Name: Warka Bank for Investment & finance
18

Bank Name: Citibank NA

Branch: New York
Swift Address: CITIUS33
Fed Wire: 021000089
Beneficiary name and Account Number:
(Your Name)
(your IQD Savings number)
(It is advisable to email Warka first to verify that the information has not changed.)
Important: The minimum balances are $150US plus 300,000 IQD. At current rates
(1170 Iraqi Dinar per $1 USD) you will need to send about $425, plus whatever you
want to use to buy stocks with.

Option 2: ISX The Iraqi Stock Exchange

As some investors in the Dinar know, there are three main ways to invest in the
future of Iraq: The ISX (Iraqi Stock Exchange), paper currency (The New Iraqi Dinar,
or NID), and a savings account at an Iraqi bank such as Warka. This page will serve
as a quick start guide to getting in the ISX (Iraqi Stock Exchange). It is advisable and
convenient to already have a Warka Savings account open in order to facilitate this
investment avenue.
Ready? Good! Follow the steps and you'll soon be holding stock that could easily
make you rich. This guide is for United States citizens. The steps are similar for
citizens of other countries; the main difference will be the process to certify the
documents.

19

Step one:

Download this file: Legal Declaration for ISX Form ( http://iqd.me/l/5w )

edit the highlighted fields

print it out
get it notarized (you will need to do this in front of a notary with your passport and
ID present.)

Step 2:
Send the following items to the Arab American Chamber of Commerce:

Your notarized Legal Declaration for ISX Form

A copy of your ID and Passport

A prepaid return envelope (Use FedEx for tracking purposes)
A money order for either $103 (personal investing) or $258 (business investing).
The address is:

Arab American Chamber of Commerce

Certification Department
1615 Bayhead Rd, Annapolis MD 21409
Tel: (410) 757-5544 or 1 888 999 5991
In case you were wondering, here is what the money order is for:
AACC Service fee is $80.00 to certify any legal document ($35.00 charge for each
additional document).
20

 Notary public and court fee = $5.00

Secretary of State fee = $5.00
Department of State fee = $8.00
Embassy of Iraq fee = $5.00 ($160.00 for business)
You can find more information at the Embassy of Iraq:
http://www.iraqembassy.org/
Embassy of Iraq
1801 P Street, NW
Washington, DC 20036
Tel: (202) 483-7500
Embassy hours: Monday-Friday 9:30 AM - 5 PM

Step 3:
Once you've received your papers back from the Arab American Chamber of
Commerce, send them to Warka Bank (keep a copy for yourself). Be sure to use
FedEx or UPS, my first attempt got lost in the mail and I had to spend another $103
to get certified docs again. I sure wish I'd used FedEx or UPS! Send them, along with
your email address or contact info, to:
Warka Bank for Investment and Finance
Main Branch Baghdad Iraq
International Foreign Relations Department
Watheq Square Salman Faiq St.
Hay Alwihda Sec. 902 14th St.
Baghdad, Iraq
Phone (009)647-1728
Discuss this on the message board:

Click here.

21

Chapter 7
One of the most frequently asked questions by new visitors to any of my sites is this:
WHAT IS CHAPTER VII (CHAPTER 7)?

Thats a good question, and one that deserves a fair amount of consideration before
applying any answer to the Iraqi Dinar.
Chapter VII refers to Chapter 7 of the Charter of the United Nations. The United
Nations was formed in 1945 following World War II as a way to avoid more wars.
There are 5 permanent members of the UN Security council who have veto power:
The United States, Russia, The United Kingdom, Peoples Republic of China, and
France.
The Charter of the United Nations is, to summarize, the treaty by which the
United Nations operates under. There are currently 19 Chapters in the treaty, and
111 Articles.
Chapter 7 contains Articles 39 through 51 of the Charter of the United Nations.
===========================

CHAPTER VII: ACTION WITH RESPECT TO THREATS TO THE

PEACE, BREACHES OF THE PEACE, AND ACTS OF AGGRESSION
Article 39
The Security Council shall determine the existence of any threat to the peace, breach
22

of the peace, or act of aggression and shall make recommendations, or decide what
measures shall be taken in accordance with Articles 41 and 42, to maintain or
restore international peace and security.
Article 40
In order to prevent an aggravation of the situation, the Security Council may, before
making the recommendations or deciding upon the measures provided for in Article
39, call upon the parties concerned to comply with such provisional measures as it
deems necessary or desirable. Such provisional measures shall be without prejudice
to the rights, claims, or position of the parties concerned. The Security Council shall
duly take account of failure to comply with such provisional measures.
Article 41
The Security Council may decide what measures not involving the use of armed force
are to be employed to give effect to its decisions, and it may call upon the Members
of the United Nations to apply such measures. These may include complete or
partial interruption of economic relations and of rail, sea, air, postal, telegraphic,
radio, and other means of communication, and the severance of diplomatic
relations.
Article 42
Should the Security Council consider that measures provided for in Article 41 would
be inadequate or have proved to be inadequate, it may take such action by air, sea,
or land forces as may be necessary to maintain or restore international peace and
security. Such action may include demonstrations, blockade, and other operations
by air, sea, or land forces of Members of the United Nations.
Article 43

23

 All Members of the United Nations, in order to contribute to the maintenance of

international peace and security, undertake to make available to the Security
Council, on its call and in accordance with a special agreement or agreements,
armed forces, assistance, and facilities, including rights of passage, necessary for the
purpose of maintaining international peace and security.
Such agreement or agreements shall govern the numbers and types of forces,
their degree of readiness and general location, and the nature of the facilities and
assistance to be provided.
The agreement or agreements shall be negotiated as soon as possible on the
initiative of the Security Council. They shall be concluded between the Security
Council and Members or between the Security Council and groups of Members and
shall be subject to ratification by the signatory states in accordance with their
respective constitutional processes.
Article 44
When the Security Council has decided to use force it shall, before calling upon a
Member not represented on it to provide armed forces in fulfillment of the
obligations assumed under Article 43, invite that Member, if the Member so desires,
to participate in the decisions of the Security Council concerning the employment of
contingents of that Member's armed forces.
Article 45
In order to enable the United Nations to take urgent military measures, Members
shall hold immediately available national air-force contingents for combined
international enforcement action. The strength and degree of readiness of these
contingents and plans for their combined action shall be determined within the
limits laid down in the special agreement or agreements referred to in Article 43, by
the Security Council with the assistance of the Military Staff Committee.
24

Article 46
Plans for the application of armed force shall be made by the Security Council with
the assistance of the Military Staff Committee.
Article 47
There shall be established a Military Staff Committee to advise and assist the
Security Council on all questions relating to the Security Council's military
requirements for the maintenance of international peace and security, the
employment and command of forces placed at its disposal, the regulation of
armaments, and possible disarmament.
The Military Staff Committee shall consist of the Chiefs of Staff of the permanent
members of the Security Council or their representatives. Any Member of the
United Nations not permanently represented on the Committee shall be invited by
the Committee to be associated with it when the efficient discharge of the
Committee's responsibilities requires the participation of that Member in its work.
The Military Staff Committee shall be responsible under the Security Council for
the strategic direction of any armed forces placed at the disposal of the Security
Council. Questions relating to the command of such forces shall be worked out
subsequently.
The Military Staff Committee, with the authorization of the Security Council and
after consultation with appropriate regional agencies, may establish regional subcommittees.
Article 48
The action required to carry out the decisions of the Security Council for the
maintenance of international peace and security shall be taken by all the Members
25

of the United Nations or by some of them, as the Security Council may determine.
Such decisions shall be carried out by the Members of the United Nations directly
and through their action in the appropriate international agencies of which they are
members.
Article 49
The Members of the United Nations shall join in affording mutual assistance in
carrying out the measures decided upon by the Security Council.
Article 50
If preventive or enforcement measures against any state are taken by the Security
Council, any other state, whether a Member of the United Nations or not, which
finds itself confronted with special economic problems arising from the carrying out
of those measures shall have the right to consult the Security Council with regard to
a solution of those problems.
Article 51
Nothing in the present Charter shall impair the inherent right of individual or
collective self-defense if an armed attack occurs against a Member of the United
Nations, until the Security Council has taken measures necessary to maintain
international peace and security. Measures taken by Members in the exercise of this
right of self-defense shall be immediately reported to the Security Council and shall
not in any way affect the authority and responsibility of the Security Council under
the present Charter to take at any time such action as it deems necessary in order to
maintain or restore international peace and security.
Plans for the application of armed force shall be made by the Security Council with
the assistance of the Military Staff Committee.
26

========================================
Thats a lot to read, right? It gets worse Iraq is currently under 73 U.N. resolutions
and "Chapter 7" sanctions, and is not able to function as a normal country. Iraqi
Parliament expects Iraq to be out from under Chapter 7 within the next 6 months (as
of a statement given December 24th).
Iraq currently owes Kuwait about $25 billion in reparations due to the crimes against
humanity committed under Saddam Husseins regime. As noted in the Chapter 7
provisions, a country IS responsible for the actions of former leaders. Basically, if
your leader is doing bad stuff the people need to step up and take him out, or else
your kids will pay for your inaction. Thats exactly what is happening now.
Currently, 5% of Iraqs oil sales are going to Kuwait in order to pay down that $25
billion debt. That might seem like a lot, but the rate WAS 30%.

What to do with the money (i.e. protection from

family and government, what type of lawyer,
financial planner, where to invest, etc.)

Whether you come into riches by Dinar Revaluation or other means, many of us are
not very smart about what to do with our money when we get it. Fortunes are won
in the lottery all the time, and you hear about those same people being broke within
years. Is that what you want your story to be?
Here are some tips that should help you manage your money when you get it.
First, think like the rich! Saving money is not just for people on a budget - didn't you
27

ever notice some of the richest people are penny pinchers? That's because they
understand the value of their Currency; whether it's USD, IQD, Pork Rinds or gold
bars.
Here are some common sense ideas to protect yourself, your wealth, and your sanity
when you come into money. (More ways to save will be added as they become
available.)
Change your number, make sure the new number is unlisted. If you don't, every
Tom, Dick and Harry will be knocking down your door when they find out about your
new circumstances.
Contact an attorney that specializes in taxes and trust accounts.
Set up your family trust(s).
Contact your bank(s) and set up POD accounts.
Do not deal with banks that have derivatives and hedge funds unless you
completely understand the risks!
Set up CDARS accounts.
Pay off ALL debt.
Fix everything that needs repair.
Upgrade your personal, home, auto and umbrella insurance.
(Consider ransom insurance too!)
Set aside enough liquid funds for you to survive for 2-3 years. This should
account for every expense you have on a monthly basis - don't go short!
Invest in precious metals (like gold & silver).
Go to seminars to learn to make money through SMART investments.
PAY YOUR TAXES!
28

 Pick your friends wisely.

Someone will be "watching you" so you'll want to do the following:
Be very low key (non-descript).
Don't flaunt your newly obtained wealth.
Open up a secure Email address.
Get a new cell phone number; cancel the old one.
Get a P.O. Box
Put a security system in your house.
Install high security bolt locks.
Install reflective film on your home windows.
Consider building a safe room.
Get training in self-defense / firearms.
Use a secure password for sensitive online access points, like email, banking, etc.
Use a DIFFERENT password for non-important things like facebook etc.
Don't trust anyone ... keep your friends close and your enemies closer.

Best websites to monitor

I keep an updated list of links to monitor here:

http://www.dinarspeculation.com/links

29

And now for the FAQs!

Well reader, youve made it quite a way! Being the astute reader you are; Im sure
youve read every word up to now. During the course of writing this book, I asked
for feedback on what people needed help understanding with Iraq I hope your
question was included in the following list! If not, send me an email or contact me at
http://www.dinarvets.com or the http://www.dinarspeculation.com blog. Ill be
sure to include the question in a future release of the book; you will get an email
when its ready.
Ill also answer questions in the VIP Book Club area at www.DinarVets.com before
the new versions come out just another reason to get your VIP membership!
After reading the previous pages, most of this stuff will be making sense by now and
youre well on your way to being as much of a Dinar expert as anyone.
Congratulations on your diligence and self education, youre miles ahead of most!
The following Frequently Asked Questions were gathered over the course of my blog
and are the ones I get the most in email. Some of them Ive only received once or
twice, but I still felt they are important enough to answer in this section. Im
answering these to the best of my knowledge and most answers are opinion unless
stated as fact. My knowledge comes from my professional education, contacts, and
years of studying the Iraqi Dinar, but it is still only my opinion.
Here we go!
Is it legal for US Citizens to invest in the Dinar?
Yes, according to Presidential Order 13303: On May 22 of 2003 President Bush
gave US Citizens the right and governmental protection for Iraqi investment.

Source: http://www.treas.gov/offices/enforcement/ofac/legal/eo/13303.pdf
30

 And then again on May 20, 2009 President Obama extended the Order.
Source: http://www.whitehouse.gov/the_press_office/Message-from-the-Presidentand-Notice-of-Continuation-regarding-Iraq
A great write-up of Presidential order 13303 is at Wikipedia:
Link: http://en.wikipedia.org/wiki/Executive_Order_13303

Will there be a time limit placed on cashing in?

WOW! Lets start this off with a BANG, shall we?! The short answer is maybe.
We have to keep in mind that at this time, we dont know who will initiate an RV of
any level. It could be Iraq, and it could be an outside agency like the UN or the IMF.
To fully understand IF there will be a time limit on cashing in, you need to know WHY
there would be a time limit.

Why would there be a time limit on cashing in?

Several reasons. Lets look at a couple of options here:
If Iraq pushes an RV, they may want to protect their assets by forcing you to cash
in at a lower rate.

Example: We see an RV at $1 and no time limit to cash in. Half of the physical
currency is cashed in and half is held while the Dinar rises to $3.
To simplify, lets pretend there is 100,000 (one hundred thousand) large note Dinar
in circulation. (I know, I know - there is a lot more than that out there! Im
simplifying this by using a smaller number. The principle is the important part here.)

31

 Time limit to Cash in:

At a 1:1 rate, Iraq is responsible for $1,000,000,000 (1 Billion USD) based on the
amount of Large Note Cash Dinar in circulation. (100,000 dinar x 1000% RV rate at
1:1 value = 1 Billion USD.)
Iraq states that all large denominations must be turned in within 30 days. After 30
days, large notes are dead. All the speculators turn in large notes, Iraq pays out 1
Billion USD.
No Cash-In Time Limit:
At a 1:1 rate, Iraq is responsible for $1,000,000,000 (1 Billion USD) based on the
amount of Large Note Cash Dinar in circulation. (100,000 dinar x 1000% RV rate at
1:1 value = 1 Billion USD.)
Speculators and investors are smart. Half the large denomination currency is cashed
in, Iraq pays out 500 million.
As the currency rises, the remaining 500 million rises in value to 3 times the value,
or 1.5 Billion, as the currency appreciates to a 1:3 level. That currency is finally
cashed in for 1.5 Billions USD, and Iraq has paid out a total of 2 Billion USD.
Thats more than twice the amount from the time-limited cash-in!
If the RV is forced by another entity, that entity will have just as much at stake as
Iraq and would want to protect Iraqs interests possibly even more so than Iraq
itself! Its a good bet that Iraqs currency will be re-evaluated against Iraqs will as
allowed under their Chapter Seven sanctions.

Think about this if you owe the IRS money, and you own a house, does the IRS
allow you to plead poverty? Heck no! They say, Sell your house! Iraq is sitting on
32

the worlds third largest black gold reserves why should they be allowed to plead
poverty?
Will there be a time limit on cashing in certain denominations?
No official source has ever made an announcement regarding this, so we can only
speculate. However, after reading the last question what do YOU think?
It is my personal opinion that Iraq would be foolish to give speculators an openended cash in period. My advice: Protect yourself, diversify your investments, and
use your head!
Of course, this did happen with several currencies other than the Iraqi Dinar. For
example, the Kuwaiti Dinar has been introduced and changed several times. In each
case, there was a significant window to exchange.
How can I protect my investment from a time limit on cashing in?
Thats a great question! The sad but true answer is this: you probably wont be
able to protect yourself 100%. HOWEVER, you do have options.
My best advice is to diversify! If you keep some of your investment in cash, and
some in Warka, only part of your investment will be affected by one of these
moves.
What banks have De La Rue machines?
Not all banks will have the De La Rue machines. One of the biggest benefits to joining
my VIP group is the up-to-the-minute updates you will get after the RV. I will be
updating all VIP members with current banks as the De La Rue machines show up at
other banks.
33

For example, Chase Bank in Chicago has a De La Rue at the downtown branch but
not at any of the suburb locations. Your best bet is to call your bank and ask them if
they ever sold Iraqi Dinar Currency many banks have kept their De La Rue
machines, even if they dont currently sell the Iraqi Dinar.
If they never dealt with the currency in the first place, chances are they will not do it
after RV. Ask them which branch you should call to find a De La Rue machine.
Why do I care which banks have a De La Rue machine?
Easy do you want to hand over your investment to a person who is going to take
it into a back room, package it up, and mail it to some other location that does have
an approved Dinar machine? NO! You want to watch them count it right then and
there.

One of the questions I get a lot is this:

"Does it matter what size Dinar notes I have"?
To answer it simply - it's not the size of your note, it's how you use it. (I can't WAIT
for this topic to be brought up regarding the Dong! You know the Vietnamese
Dong? Its not the size of your Dong, its never mind.)
Will we be able to trade large denominations for smaller ones?
This depends on a few factors. If there is a time limit on cashing in, you will most
likely be forced to trade IQD for USD, which means no trading denominations.
Will I have to travel?
See above, regarding De La Rue machines. You will have the option to take it to
34

your local bank, but you may not get confirmation of your deposit until they physically
verify authenticity, which will be done with the De La Rue machine.
Will you have to travel? Not necessarily. Will you want to travel? Probably!
Will we be able to exchange in the US?
Absolutely, unless Iraq forces an In-Country RV.
Whats an In Country RV?
An In Country RV is something you only need to worry about if you only hold Cash
Dinar. The common speculation among many of my professional associates is that
Iraq could use an in country RV as a stop loss while they either lop zeros or instate a
different currency.
If you dont think this is possible, just put yourself in Iraqs position
would you want to pay a bunch of foreigners a ton of money for simply
holding your money? No! Now, dont go giving me that Well never let
them do it nonsense have we been able to stop Iran from testing
nukes? Pfffffffft. Not even a little. UN sanction after UN sanction, and
Iran is still a threat more so each day. Iraq has nothing to fear from the
US, we are a country of forgivers and the world knows it.
See? I told you this book wasnt going to be all peaches and cream!
The GOOD news is that all of my associates, who are professors, investors,
accountants, economists, and more they all agree on one other thing as well.
While Iraq MAY screw the speculators, they will not screw their own people. Rather,
they wont screw their new constituency. The voting people of Iraq, that is. To
instantly take the power of the Iraqi Dinar from a foreigner is one thing, but to take
it out of the hands of the Iraqi people is another.
35

Heres a possible scenario, and I dont like it.

Iraq determines a value for their currency, revalued from its current level.
Iraq closes the borders for 72 hours.
All Iraqi citizens are notified that they have 72 hours to deposit all paper
Dinar Currency into an official bank account, where it will be exchanged to
new currency at the new rate.
After the 72 hours, the current currency is worth exactly what the old
Saddam notes are worth not much.
And heres how to potentially protect yourself:
Warka. Think about it what denominations do you hold if you have $10,000 in
your account? You dont, you simply own the value of the money! If the value of the
currency plummets, so does the worth of your account. If the value of the currency
rises, so does the worth of your account! Worst case scenario: you get screwed on
your paper dinar, and you make profit on your Warka account. If you have equal
amounts invested in both, you still come out WELL ahead by holding both.
This goes double for the ISX you trade on the ISX through your Warka account.
When the Dinar revalues, those companies are going to have an influx of capital to
grow and expand, Your ISX stocks will see huge gains multiplied by the RV effect of
the currency! Can you see how powerful the ISX is?!
Where will we be able to exchange?
Once the Dinar is valued and recognized, all major banks will be exchanging them
they will want your business! You may not be able to exchange at your hometown
36

bank right away, but any bank that has a foreign currency service will be able to
service you in a short amount of time.
Is there a level of GDP that needs to be achieved before an RV?
GDP is a very complicated piece of the puzzle, so Ill try to break it down as simply
as possible. GDP stands for Gross Domestic Product and is summarized as the
value of the sum of all goods produced within the borders. Below is a graph of
Kuwaits GDP compared to Iraqs GDP.

Source: http://www.google.com/publicdata?ds=wbwdi&met=ny_gdp_mktp_cd&idim=country:IRQ:KWT&tstart=315619200000&tunit=Y&tlen=47
Since the topic of this book is the value of the currency, I believe I can simplify the
whole thing as follows. Since the Gulf War, Iraqs GDP dipped sharply and hasnt
reversed permanently. Many things have contributed to this, but I dont think we
should get sidetracked by this information. Heres a simple fact: pre 1990, Iraqs
GDP was at 48.4 Billion, compare that to Kuwait in 2003 at 47.9 Billion. In 1989 Iraq
was heading down the tubes with war, and their currency was on the verge of
37

tanking to the level we see now, while Kuwait was on the rise. Kuwaiti Dinar was
valued at about $3.30 US per Kuwaiti Dinar.
What does this have to do with the value of the IQD and the potential for increase in
the currency? Well, look at the following picture and you tell me if Iraqs GDP is very
important to the value of the currency. This is the same time frame as the previous
image.

Source: http://www.google.com/publicdata?ds=wbwdi&met=ny_gdp_mktp_cd&idim=country:IRQ:KWT:USA&tstart=315619200000&tunit=Y&tlen=48
Thats right Kuwait and Iraq are both barely even on the map when compared to
the United States GDP, yet the KWD is worth 3 times the USD and The IQD is lower.
While GDP is important for many reasons, I have to say that the GDP is not an
essential component to a rise in the value of the Dinar.
Can you talk about the Kuwaiti currency RV?

38

This is a tricky question. First of all there was never an official evaluation or RV
of the Kuwaiti Dinar, but it is true that the KWD could be bought for as little as USD
$0.06. This was mostly a street rate, imposed by local shop owners who simply had
no faith in the KWD. At one point during the Gulf War in 1991, the KWD actually
devalued so much that it was almost impossible to trade it for a short amount of time.
Nobody had any faith or trust in Kuwait, and even Kuwaiti businesses would not
accept it except at extremely low exchange rates.

How does this look for the Iraqi Dinar? The Iraqi Dinar is in the same type of
situation, only longer term. If the Kuwaiti war had lasted longer, I have no doubt it
would have officially devalued for a period of time, and, assuming the country restabilized... the currency would have rose right back up to the point it is at now.
The Iraqi Dinar is officially devalued to the point it is right now because of the trust
factor the outside world places on Iraq. To determine if you think the value of the
Dinar will ever go up, you must determine if the world will ever see Iraq as more
stable and trustworthy than it is right now.
Its hard to find a rate calculator that goes back far enough to see the fall of the
KWD, so that makes it hard to pinpoint exact dates. This link regarding the KWD
historical rate does show that the dip in value was for a very short length of time:
http://www.imf.org/external/np/fin/tad/exportal.aspx?
memberKey1=560&date1key=1996-05-31&category=EXCHRT&finposition_flag=YES
Did the CBK or IMF handle the Kuwaiti currency revaluation?
After reading the previous question, you understand that there was no official
Kuwaiti RV, rather a special set of circumstances that allowed a profit to be made by
speculators.
The simple answer is both were part of it, as much as it can be called an RV.

39

 The more detailed answer requires an explanation of CBK and IMF. CBK is Central
Bank of Kuwait; IMF is of course International Monetary Fund. The CBK was in place
during the biggest changes of the Kuwaiti Dinar, in fact they distributed the new
currencies as they came out. (The Kuwaiti Dinar has been changed out 5 times now.)
The IMF is more than a single entity its an organization comprised of 186 countries
that oversees the global financial system. They offer loans to poor countries and their
goal is to provide stable exchange rates amongst the worlds many currencies and
payment systems. The CBK is essential in Kuwait, and the IMF is an integral part of
any currency movement on many levels.
Do we need proof of purchase?
No, just as you dont need proof of a bank transaction to deposit your US dollars or
any other currency. However, you MAY need proof of purchase if you want to claim
that youve held the dinar for a certain amount of time. Investors who did not save
their purchase receipt might be forced to pay taxes on short term gains.
Im not your financial adviser, but Ill offer my common sense opinion. There are
people who claim no taxes will have to be paid, but lets keep it real. If you walk into
a bank with a million in cash I guarantee you your bank teller will be throwing flags
like her name tag had Mike McCarthy printed on it. And those flags are landing
right at the feet of the IRS. (Sorry, little Packer humor there you know Im from
Wisconsin, right? Go Pack! :D)
If I dont have a receipt, how can I prove when I got my Dinar?
You cant but you CAN prove that youve had them from today on. It may be a
good idea to record the serials of your Dinar and have a notary recognize your
possession on todays date.
Do you recommend a Warka Account?

40

 ABSOLUTELY. See above for Warka information.

Is my investment in Warka guaranteed?
Not even a little bit. Unfortunately, there is no guarantee. Iraqi accounts do not
have any kind of FDIC like we have in the U.S., and any Iraqi banking law protections
will not automatically cover you.
Where do I cash in?
You will be able to cash in at most major bank chains. There is no way to know for
sure at this time, but my best suggestion is to get on the newsletter. Ill send out an
email the instant this information becomes available.
Ill even send it out before I go cash in. Thats a promise!
What will the cash in procedure be?
Great question! Most likely you will simply go to your bank and deposit the cash.
You will be credited whatever the current exchange value is, just like trading in Euros
or any other internationally recognized and traded currency.
After RV, how do we get the best rate?
This depends on a TON of variables, most of which Im prepared for. Make sure
youre on the newsletter list for the quickest and most up to date info when this
happens.
For now, though let me give you a little peace of mind. The hype about
traveling to Iraq, finding a Dealer who will trade it back, and all that other
nonsense... is simply that. Plain nonsense.
41

If you have 72 hours to trade in, take whatever rate you get!!! If you have
longer look around, most banks will be competitive.
Taxes?
Im not even going to pretend I can help you on this one, other than to tell you
dont be a cheapskate! Get a high priced, highly recommended financial advisor. Look
at the wealthiest person in your city and find out who THEY use and hire the same
person.
My wife is a CPA and we still use other people for certain investments
and ventures. Every person has a specialty, dont let anyone fool you
into thinking one person can be an expert in all financial areas! Use your
tax attorney for taxes, your financial advisor for financial advice, and your
caddie for golf advice. Dont confuse the three!
Taxes in other countries?
Same as previous. Speaking of other countries, Im interested in traveling. Id love
to borrow your condo in Spain or your bungalow in Australia.
Should I cash in all at once?
That depends on the time to cash in allowed and how much you invested. If there
is a time limit, then most likely you will want to take your money and run! The old
saying holds true, A bird in the hand is worth two in the bush. If you invested very
little and theres a chance to turn a tiny profit into a large one Id say sit on it.
If the Dinar comes out at a dime, at this time I say cash in enough to
recoup your initial investment and sit on the rest. Best bet, again, is to
be on the email list Ill send out a detailed message the minute its
available. I have several draft emails already prepared that cover several
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likely scenarios and it will only take me a minute to tweak them based on
the current circumstances there is nobody more prepared to help you
through this exciting time than myself.
Will Iraq print new currency or will the current Dinar stay in place?
Another great question! We cannot know the answer to that, but I do know that
one way to protect yourself is to diversify.
(I feel a bit like Jim Cramer talking about diversification so much, but its
true. Putting everything in one basket is never a good strategy!)
What about Canadian banks?
Canada has banks? I thought you all traded Maple Syrup and Molson for your
goods.
Ok, Im kidding! Any bank that has a serious foreign exchange / foreign
currency department will pick up the Dinar shortly after its
internationally traded.
What determines the value of a country's currency?
The value of a country's currency is determined by many factors. Currency that is
traded on the FOREX is evaluated by what the public is willing to pay for it based on
political climate, economic stability, and more. The dinar is different, because it is not
traded on the FOREX. The Dinars value is primarily determined through the CBI
auctions. When the publicly accepted perceived value goes up, local banks will pay
more for it, and the rate will be changed.
To summarize, nothing is worth more than someone is willing to pay for
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it. The local banks and the CBI say the value is 1170, and so it stays until
something changes that.
How does Iraqs currency/economy compare to other countries
currency/economy?
Iraqs currency is extremely stable compared to almost any other country in the
world. Iraqs economy is also worth noting: inflation is below 10% and many
economists project a steady increase in economic well being. Heres a file you might
find interesting.

How much Dinar is in circulation?

There is nowhere to find an exact number at this time. However, as of January
2004 there were 6.36 trillion Iraqi Dinars in circulation. More have been printed;
possibly even the smaller denominations that will be needed to support a strong
Dinar value.
Is that relevant?
Of course it is! Does it mean there will be no appreciation for the Dinar? I dont
believe so. As of April 2004 the US had $700 billion in circulation. The US only had
$829 Billion in currency as of December 2007, but we keep our money in banks. For
one thing, we have ATM machines to get cash everywhere we go and VISA cards that
we can use to make purchases at pretty much any shop in the country. Iraqis deal
primarily with cash, so its imperative that they have cash on hand at all times. The
majority of their cash is not kept in the bank account, with very little access to it its
kept on hand. They HAVE to have more cash printed and available to use.
The first ATMs were only recently installed in Iraq, and there is still
relatively little access to them!

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 Are there forums that are sponsored by dealers?

A few forums are sponsored by dealers in the fact that the dealers will pay for a
banner or an advertisement on the website, but that doesnt necessarily mean they
are full of bad information. The pumper factor is a lot lower than most people
believe. The kool-aid factor, on the other hand that does get pretty high at times!
Everyone involved in this investment should be prepared to wait it out
until it happens. If you bought your Dinar in 2005, you have already seen
a profit unlike those of you who stuck your money in a 401k!
Exactly who or what determines the exchange rates for the Dinar?
Quite simply, the world determines the exchange rate. Anything that is available
for purchase is worth what someone is willing to pay for it. At the present time, since
the currency is not for sale on the Foreign Exchange market, the CBI and the smaller
local Iraqi banks that bid on the currency at the CBI auctions are the ones determining
the value.
Even though the currency isnt on the Foreign exchange market, there
are enough political influences from the outside, such as Chapter 7 and
even our speculation, to keep the banks on the same page. This explains
why the rate has remained the same for so long.
The good news, now! There are many triggers that could prompt the
value to go up, such as:
With a dinar RV, it could push the ISX to go live international. This would
be great for Iraqs economy and the country in general.
When the ISX goes international, it could push the Dinar to the FOREX
which would allow the world to bid on it, raising the value.
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When the Dinar goes on the FOREX, it could prompt an RV, or a plain old
rapid increase in value.
When Iraq is out of Chapter 7, they could RV on their own.
When IMF decides to pull the trigger and force Iraq to act, the currency
value can change whether Iraq likes it or not.
Thats the tip of the iceberg, and I only named 5 of the things that could
trigger the dinar movement.
Will we be able to join you on the next currency venture?
You bet! I enjoy sharing what I learn, and I find an active community is a great way
to share information.
Can Iraq get out of Chapter 7 without an RV/RI? Why or why not?
I believe so. There are several catalysts that could pull Iraq out of Chapter 7,
force a revalue of the currency, or shove Iraq forward in global terms.
When will IQD go on FOREX?
The answer to this is a little bit of all the previous answers. The cold hard fact is
that the IQD will not go on FOREX until people are confident that they are purchasing
something of value. This means we need to see a recognizable currency, a globally
backed currency, or a history of stability that inspires confidence. We could very likely
be on the verge as you read this.
Adam, do you believe the RV will happen without a LOP?

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 Im betting on it! There IS a chance that a LOP will occur, though, which is why Im
invested in ISX and Warka as well. Nobody is guaranteed to make a profit, but I like
my chances the best being diversified.
Will the Dinar be released on FOREX at the current rate?
Thats a great question, and at the same time impossible to guarantee an
accurate answer to. My opinion is that theres a 50/50 chance it will go on the FOREX
at the current rate and the value will rise naturally. The other option I see is that it is
forced onto the FOREX when people see the value rising.
I keep reading about economists projecting X rate. Who are they and why do
they predict that rate?
Some of them are pumpers, and some are legitimate. An economist is someone
who studies an economy there are small scope economists, perhaps an expert in a
community. There are also large scope economists, someone who might specialize
in a region (like the Middle East or North America) or even a global economist. The
label economist doesnt mean someone knows when the Dinar will RV, but the
science of economic data and proposing theories is respected among many of the
people who will be involved in a rate change for the Dinar.
Here are some examples:
Legitimate Economist: Has an education and is employed in some capacity for the
purpose of studying the local economy, perhaps of Iraq. Reports to the CBI and gives
theories on what will happen in the event of a rate change either up, down, or
screwball.
Kool Aid Economist: Someone you know has a friend who heard from his professor
friend who is also an economist said the rate will be $3.29 or even $5.27 because of
some reason that is too complicated for us normal people to understand.
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Summary: Dont drink the Kool Aid.

The funny thing about the economist angle is that no matter how right or wrong
they may be, politics come before logic when it comes to money. That is the real
deal.
How high will the rate go?
I have a friend who knows an economist that says its guaranteed to hit $15.32
before June. He tried to explain why, but I really dont get it hes too smart for me
to understand. Im not saying you should buy some more Dinar, but Im calling my
dealer first thing in the morning!
;-)
When will it mature?
This is typical of at least half the questions that I get when I copy them to a
notepad, they end up completely out of context. The conversation at this point was
referring to what would happen if the Dinar came out low, and then slowly rises in
value. Its natural for us to want to know when the currency will hit its peak.
Actually, its a natural tendency to want to know when anything will hit its peak!
Stocks, currency, my natural good looks (I know, eventually Ill start to get less
attractive instead of more attractive. I just wish I knew when!)
All jokes aside I obviously cant answer to the date, but I dont think it will ever go
higher than the KWD unless it takes more than 7 years and Iraq keeps oil production
low. If that happens, Iraq will begin to leverage itself into a position to hold oil
longer than other major countries, and the sky will be the limit.
Things will get very interesting if we dont see an RV any time soon, thats for sure!
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 Will the government get a different rate than the public?

First, this only matters if youre the government. Either way, the rate you get is
the rate you get! Dont fret over things you cant change focus on what matters.
Second, its like asking if there is a mafia. The answer is NO. Otherwise you end
up sleeping with the fishes.
Would Chapter 7 penalties being removed have an immediate impact on the Iraqi
Dinar, its trade and IMF recognition of their currency?
When Chapter 7 is removed, look out! This is not an insignificant question, and
the results of this action will be tremendous.
Where will the money come from to cover the millions being traded in at time of
RV?
Short answer: The money will come from trust and good will of the world and the
investors in the IQD, Iraqi Stock Exchange, Iraqi Banks, Iraqi economy, and more.
Longer answer: The US doesnt have the reserves to cover its debt if China wanted to
cash in on what we owe, and we definitely dont have the cash reserves to pay out
what we owe to our total national debt! The USD is valued at what it is valued at
because of the trust the world places in our currency and our ability to repay the
loan. Iraq will get the same thing the level of trust will determine the value of
the currency. The amount of assets, stability of the country, and the ability for the
country to repay investors is what will cover the millions being traded in at RV time.
Can you deposit your current physical dinar into an Iraqi bank account, how do
you do it, and is it risky?

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 Yes, see below and also in my tutorial for opening a Warka Account here: page
18.
This question dealt with mailing dinars to Warka. It is NO LONGER AN
OPTION. Warka has stated that they will no longer accept physical currency
through any delivery service. (Although I assume personal delivery via camel
would be ok, as long as you're riding it and it fits through the drive through.)
Should I expect to walk out of a bank with a briefcase full of money after the RV?
Not likely. The first thing you need to understand is that banks report any
transactions over $10,000 this includes a currency exchange, buying a cashiers
check, etc. See this file for more info:
http://www.yale.edu/tax/docs/rules_def_8300.pdf

Since the IRS does have laws that affect large currency transactions, the most
likely scenario is a new procedure regarding IQD transactions will be put in place.
You will likely have to deposit your money and wait for exchange approval.
Banks are going to be cautious when exchanging the Dinar and will impose any
restrictions they can to prevent you from walking out with a briefcase full of cash. I
wouldnt be surprised to see all banks require a 72 hour holding period for new
deposits to verify authenticity of the large amounts of Iraqi Dinar.
The bottom line is: youre going to have to be patient. Even on Cash In Day, I
wouldnt expect to be able to instantly spend your newly acquired riches. Patience,
however, is a virtue remain calm and follow the advice of your legal counsel.
Is the Dinar expected to follow a course of appreciation similar to the Kuwaiti
Dinar?

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 The Dinar is already on a different course than the Kuwaiti Dinar. See above for a
more detailed explanation.
What US Banks carry the Dinar?
The list is constantly changing, and its usually getting smaller. At this time, I
know of only a couple that still sells the IQD. Check this page for an updated list: (
http://iqd.me/l/5x )

What effects will the bombings have?

Thats impossible to answer. Bombings are a part of the violence factor, which is
getting lower and lower all the time but on the other side of the coin, Iraq is a fluid
situation and things could blow up at any minute.
However, the less we see bombings in Iraq, the closer we are to a stable
environment. Until we see a drastic change in violence, we will not likely see a
movement in the currency unless something else forces it.
Speculate on the rate low or high? .10, or $2 right out of the gate?
My personal opinion is that it will not come out at a high number. Iraq has much
more to gain by coming out low, getting on the FOREX, sucking some cash in from
the speculators at a low rate, and allowing the currency to rise in value based on the
buying and selling of it on the world market.

With that said, my investment strategy is to hold it until I do see a decent return.
You wont catch me running to the bank the instant it comes out, I can almost
guarantee it!*
*Unless Im wrong, of course. If I can cash in at $2.00 right away, Ill be the first in
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line!
Are there any banks paying interest on dinars?
Yep! Warka.
Has there ever been a time that there was more buzz, or is this the hottest the
Iraqi Dinar has ever been?
This is the peak! Ive never seen such buzz in the years that Ive been invested;
which is precisely what prompted me to start the dinar speculation blog. As I
researched, I kept finding more and more like-minded individuals who were hearing
about this investment, and were all hearing the same things. As Iraq progresses
towards stability, the outlook of a successful economy and valuable currency get
progressively better and better!

Conclusion for now.

I hope you enjoyed this book as much as I have enjoyed putting it together. If you
walk away with anything, I hope you at least know this:
The Iraqi Dinar is a complex animal that has many triggers. One pull is all it will take
to make this pig fly or bring it to the ground. While many of the indicators look
good, there is still risk! If there wasnt, it would be called a sure thing. Its not a
sure thing, not by any means. Its speculation, pure and simple.

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Dont invest any more than you can afford to lose.

Know that you have many things to be thankful for.
And dont let anyone steal your dreams!
One day soon I will be re-writing this final chapter with notes on the lives that have
been changed. Im excited to one day soon talk about how thousands have been put
to work, how a country regained its former status in the world, and many more
wonderful things happened.
We are indeed on the path to that final chapter, and until this is concluded
Keep an eye on the blog, friends, Ill be keeping you updated.
Warm RV Wishes,
Adam Montana

P.S. As time has gone on, I have had the opportunity to do many things. I've recently
taken and passed the Series 65 (Registered Investment Adviser exam.) I've put
together a few amazing deals with banks, foreign and domestic. The VIP members on
DinarVets.com have complete access to some incredible Wealth Protection
strategies, some of which are designed to reduce tax liability, protect from lawsuits,
and generally avoiding pitfalls that many new investors will fall into.

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In fact, the VIP members recently expressed an amazingly positive response to this
article I wrote: How to turn $400 into $520,000 without buying ANY more Dinar!
http://iqd.me/l/520kin10years
Another amazingly popular resource is the free Cash In Guide if you don't have
that, get it here: http://dinarnews.net/cashinguide.php
The list keeps growing and growing... I try to keep the most current list of benefits
and resources on http://dinarnews.net.
Stay in touch!

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