Dinar Recaps Note: We post this for informational purpose. It was sent to us and we do not know if it is valid.
AN INTERVIEW WITH A GOI PTB by TD
I'm TD , just an average investor who like you hold some Dinar. I've brought the IQD over the last 19 months (although not lately). About 7 months ago in casually discussing with my Kurdish friend about the IQD and Iraq , she informed me of a childhood long contact she had who was a PTB in the GOI. For about 6 months this contact simply debunked any news of an immenent RV and till little over a month back started giving me regular updates. This past Thursday I was informed by our mutual friend that this weekend he would do a one-one online chat with me.
I was taken back with the invitation !!
I just couple hours back concluded that Chat and here's the jest of it all :
TD : Well Sir, a very unexpected surprise , thanks for this . What gives ?
PTB : Well TD, I thought it was time for us to communicate one on one , working thru our mutual friend there's always some info which doesn't get interpreted right. I wanted to share info & thoughts also with your friends in Dinarland.
TD : please do tell....
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PTB; Couple weeks back I conveyed to you that starting in June, Iraq would begin a currency reform program. I believe you interpreted and reported that as June 1st. The CBI announced just couple days later the same project implementation. This is still the case and this coming week you'll start to see the first steps being realized. I want to caution though : I'm NOT talking here about a full RV of the IQD. Just the start of the CBI stabilizing the rates . This is a BIG DEAL because till now the CBI did not have the necessary protocol and authority handed to them .
This will still be a long process with many steps in the way . Eventually, Yes the end means is real rates the IQD will hold.
The one item of importance for the average investor to grasp is that as this process unfolds, YOU will be asked to exchange your notes for the new currency. YOU will be given a small window of time to do that until the old notes will become just "paper".
Now, as that happens the real movement in it's value will start to take place, it will be a moving target to be settled by market forces. Yes, the IMF has a new formula for currency valuation but market forces will yield the true worth and that's why NO ONE really knows the rate or DATE.
TD : It kind of sounds like HUGE gains are out of the picture ?
PTB : What I'm alluding to is that the long term gains of the currency will trump the short term exchanges. I know all your readers want to be instant USD millionaires. I'm sorry but it won't be.
TD : Well you and I just made lots of enemies in Dinarworld.
PTB : Well you know TD , people will believe what they want to believe regardless of our chat here. I'll also push back with this : For years on these sites have been the promises of many for instant USD millionaire status. Many of these have 5-10 year track records of being WRONG. And yet people bless them like they are SUPERSTARS. What gives with that ???
TD : Sounds like you read the Dinar Sites ?
Yes, I do and so do various other GOI officials. We are not "daily addicts" but do find it interesting reading at times to see guage where people think we are at.
One of the IMPORTANT reasons I came on to chat with you about this is the number of people we read who are relying on this Speculative Investment to save their homes, their lives, etc. etc. Find another way.
TD : What's the good news ?
PTB : Well like I stated, the light is at the end of the tunnel, there's no going back on currency reform, Also , there's tremendous upside in investments going forward in Iraq with countries, companies coming in. Franchise opportunities, Infrastructure & Businesses being built. The ISX will yield tremendous profits for many. But as I say the longer range picture has much better lucrative opportunities.
PTB : The other good news for you average investors is logistics being worked on for exchanging of your notes and providing you a decent return. Just as of couple months ago the predominant talk was exchanging at break even . This has changed but it's still a moving target.
TD : Any comments on tiers or prosperity packages ?
PTB; Well , let me answer it this way. When your Warren Buffet went in to buy shares of BOA do you think he got any special favors or perks ?
In addition , I should put to rest the notion that a IQD RV will pay the USA for it's gulf war costs. For years now Iraq has supplied the USA Armed Forces "specials" on Petro, Various countries have built enormous complex's here. The intelligence gathering for many here in the M.E. is invaluable to these outside countries. And as I stated before wealth creation opportunities in the future will take care of all paybacks.
TD : Well, very interesting indeed. Anything more ?
PTB ; Well, TD we could go on for hours but maybe the end of this summer or early fall we can share some more as your exchanging of notes timetable comes around. As I just want to reiterate currency reform will be slow, not overnight . But I do have a favor to ask ?
TD : Sure what is it ?
PTB ; Well now that I've disclosed to you and others in Dinarland that instant $USD millionaire status is off the table. I just want your readers to answer this question : What would be a reasonable ROI (return on Investment) for you ??
I and my GOI colleagues are TRULY interested in your answers. Thank you.