Iraqi Dinar Features That People Should Consider

Definitely, the dinar has been a world-wide trend since Iraq announced its revaluation. The fact that the latter is the leading country in the oil industry, people purchase the currency. With this truth, even the U.S Department of Treasury issued an order that a company should be registered before selling currency. This is to battle the existence of fake companies who are out there to bring deception. Additionally, the Iraqi dinar new circulation should also be acknowledged.

In 2003, the Iraqi dinar new  exchange came to circulation. One of the dealers of this currency, Dinar Currency, explains that the dinar is difficult to counterfeit. It has vast security features like watermarks, security thread, metallic inks, color changing elements and an image embedded with ultraviolet. The Dinar Currency further states that some people are not oriented and/informed in their purchase. That is why it is very important to buy from companies who can also help in understanding the said currency. This is an area that a customer, who looks to buy dinars in the future, need to reflect and keep in mind.

The company is known to be a trusted source of dinars for over 4 years. They are one of those dinar dealers that the U.S.T endorsed. Otherwise, their statements are not valid and factual. In fact, the features of dinar are readily available on their website (www.dinarcurrency.com). This is made possible so that purchasers may have direct information about the currency. Importantly, this is to ensure that customers are to buy only the authentic, certified and new circulation of Iraqi dinars.

The Best Next Investment starts at Dinar Currency

Everyday news bombards Americans regarding the dinar as the next best investment. Iraq’s economy is considered to be the next big thing in the world. News and financial studies predicted that in 5 – 10 years from now, the investment one has made by buying Iraqi dinars will triple its current value. The investment is described to be free of risk and effort. While this may be the case, reported incidents on fake dinar abound the web. As a matter of fact, dinar sellers and buyers flock the internet. At this point, one should choose the right Iraqi Dinar distributor in the US.

Dinar Currency sells and buys dinars for 5 reputable years. US Registry acknowledged the company with integrity and good standing.It makes sure that for every transaction made, they make a very satisfied customer. Buying dinars for investment purposes, is easy and convenient, just log in to the company’s website www.dinarcurrency.com. Choose the amount and types of notes one wants to invest. Wait for e- mail confirmation. Pay for the appropriate amount through wire transfer, money orders, or casheir’s check. Wait for another email for confirmation of the payment. After 2 – 3 days, the notes arrived in one’s address. It comes along with a Certificate of Authenticity. This guarantees that the dinars received are authentic. This makes sure that the deal is not fraud. The company also guarantees a buy back policy.

For more information, Our main office at 2550 E. Desert Inn Rd #821, Las Vegas, Nevada.

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Dinar Currency: A Service Veteran

It was globally known that Iraq announced the revaluation of its currency soon. This is merely possible indeed. With the fact that they hold the largest oil industry in the world, there is really truth with that proclamation. Eventually, the number of people who invest on the value of Iraqi dinar has increased. It just goes to prove the potential opportunities that the currency upholds. Nonetheless, there are still (important) things to be considered before an individual makes any purchase.

Because of this, the US government has been very passionate in helping the general public in every possible way they can. Hence, one of their departments, the Treasury, encourages the usage of authentication machines by companies who sell dinars. This is to ensure that the value of Iraqi dinar is authentic and/or valid. When this word came out, various legitimate companies surface while fraud ones blurred. Eventually, sources like Dinar Currency were part of the former. Yes, they are registered in US Department of Treasury, but the company has also been utilizing Talaris/De La Rue authentication since its birth. Indeed, this has made Dinar Currency the most trusted name in purchasing Iraqi dinars. On the other hand, the company is known a veteran in this line of business–a proof of definite experience.

With how the currency has influenced most, if not all, people all over the world, it is just inevitable for deception to rise. Nonetheless, there are still who live believe in providing security and reliability. Through this, the name, Dinar Currency, makes it up to the list. It is still evident that customer satisfaction is the best way to handle a business–at least for Dinar Currency.

Other Factors that Strengthen Iraq’s Position and Ability to RV:

DFI (Development Fund for Iraq) Funds Returned & Other Assets: $280+ Billion USD, plus other frozen assets (estimated at $100 billion) will be returned back to Iraq and added to their foreign currency reserve, bringing it up to $430+ billion USD.

CBI IQD Reserve Requirement Adjustment: The CBI will change the Current fractional IQD reserve requirements from 100% to 15% at the appropriate time. As a result, the total potential money supply will be raised in value to $2.8 Trillion (430 billion/15), while at the same time, the total physical IQD in circulation will be reduced by removing the large bills with the 3 zeros over a period of 2 years, as they have indicated.

Oil Production Increased: Iraq will also execute the plan they announced to increase oil production from 2+ million barrels/day to 10 million barrels/day with the resulting revenues flowing directly to the Iraq treasury.

Oil Futures & Forex Contracts Added: To further stir the pot, the CBI will continue to use its sales window to market oil futures and forex contracts. They have shown they can generate significant cash flow in the private market. Think of their impact in public markets.

How the CBI “RECAPTURES” the Money:

The $12,500 order is filled with 250 barrels of oil based on the spot price on the date of the sale (for this example we used a $50 USD spot price). What does it cost Iraq to produce the oil to fill this order? Well they have negotiated productions agreements for approximately $1.50 USD/barrel. From that price $.50 USD goes to the national Iraqi oil company who is the partner in the field the oil came from. Out of the remaining $1.00 the other oil field partners have to pay the Iraq government a profit tax of $.35 USD (35%). The net cost to Iraq to produce a barrel of oil used in this scenario is $.65 USD. (i.e. $1.50 – .50 – .35)

What does all that mean? It cost Iraq $162.50 to bring back a 10,000 IQD note! Can they afford that? I think so! So, instead of paying out $12,500 for a 10,000 IQD note, they only pay $162.50! That doesn’t add to the money supply much at all does it! They receive their IQD back and place it in the CBI, or destroy it.

The transaction is completed with the Federal Reserve exchanging foreign reserve credits which are equal to $12,500 USD (which had a net acquisition cost of $4,000 USD for the US) for 250 barrels of oil (which has a TOTAL COST to produce of $162.50 USD for Iraq.

More completely explained, and simply put, it cost Iraq $162.50 USD from their foreign currency reserve accounts to redeem the value of 10,000 IQD, which goes into their operating accounts. At the same time the US got $12,500 worth of oil for a net cost of $4,000. That’s how it was originally planned for Iraq to RV at 1 IQD = 1 USD, with the variable being the political element (i.e. UN Sanctions, GOI (Government of Iraq) actions, IMF actions, World Bank actions etc.)

RE-EVALUATING THE IRAQI DINAR WOULD SAVE THE WORLD'S ECONOMY

First off, I’ll use the exchange of a 10,000 IQD (Iraqi Dinar) note as my example. To help explain the economics of this cash-in example, I will use a 1:1 cash-in ratio between the USD (US Dollar) and IQD (Iraqi Dinar) that is given a two-tier payout, and a 2% bank spread.

What You Will Receive:
If you were to cash in your 10,000 IQD note with a bank that charges you a 2% spread, you would personally receive a net take-home of $9,800 credited to your bank account.

Courtesy - globalsecurity.org

What Your Bank Will Receive:
Your Bank will receive a $10,000 credit to its Federal Reserve Account. They will also be able to add the $200 profit to their “capital account”. Ultimately, the bank wins because they are able to gain $2,000 in lending power under the 10% “Fractional Banking” model.

What the US Treasury will receive:
First off, the US Treasury will receive $3,500 in estimated taxes in the quarter after the exchange, because you are now in the “rich” category and get to enjoy the 35% tax bracket. This lowers the “net cost” of the IQD exchange to the US financial system to $6,500 USD (i.e. $10,000 out – $3,500 in).

Furthermore, the US Treasury’s rate is higher than the banking rate (we will use in this example 1.25), thereby further reducing their “net cost” from $6,500 to $4,000.

Oil Now Enters the Picture:
At some point, a Fed-appointed agent orders $12,500 worth of oil from Iraq. Payment will consist of a $12,500 transfer from the Fed’s foreign currency reserve IQD account to the IRAQ Oil payment account at the CBI (Central Bank of Iraq) in a form otherwise known as Petrodollars/Petro dinar. Even though the world spot price of oil is defined in terms of USD, the actual transaction may take place in any internationally recognized currency agreed to by the parties. For example, Iran only accepts Yen from Japan for their oil orders, Because they don’t want USD in their foreign currency reserves.