Latest Posts

Iraq: Stops Importing Fuel

by admin ~ March 25th, 2010

For first time since the 2003 U.S. invasion, Iraq produced enough fuel to meet all its domestic needs, reported March 20, citing Iraq’s Oil Ministry. The ministry’s statement said Iraq has reached a state of self-sufficiency in fuel products, adding that no fuel products were imported in the last three months.

Lopping Zeros off the Iraqi Dinar

by Robert Hoffman ~ March 24th, 2010

This topic amazes me more and more as my time in this business and my experience in investing in Iraq grows (six years investing in Iraq).  Some of you that know this organization know how conservative of an opinion we have in the Dinar.  We believe in the growth of economies and currency reflecting that growth.  Long term the growth prospects are explosive for Iraq. 

The Middle East has a very complex make up.  Things do not get done like they do in Westernized societies and Iraq is even more behind than most.  In one of my recent meetings in the Middle East I was joined at dinner with very high influential men in the banking and investment business.  The subject came up because they were intrigued by some of the company we keep (DinarInc) and the influence we have.  Their opinions were swift and assertive.  No way a lopping of zeros can happen so quickly here in the Middle East.   It would take 10 years or more for anything to even be considered.  In Iraq, not possible.  Why would they consider it anyway?  Their currency is 1170 to 1 not 15,000 to 1 like Iran.  Plus, they have major investment coming into the country.

If you take a look at the articles that have been written the sources are no body of influence.  Someone in the Central Bank.  Yes, a clerk or a floor cleaner who wants to get a name.  If something like this was in the works (which I completely believe it is not) than we wouldn’t know.  Plus we wouldn’t of seen the CBI move the rate up over the past 2 years either.

In closing, I don’t write this to motivate people to buy the dinar.  I don’t believe in an overnight get rich quick revaluation because in history this has never happened (Kuwait is not a good example).  But I do believe in growth, support from powerful countries and like stocks the currency reflecting the present and future of a major power house.

Our 30 Minute TV show will be released on dinarinc.com April 15, 2010 featuring Admiral David Nash who was selected to rebuild Iraq by the U.S.

Comment on Lopping of Zeros for the Iraqi Dinar

by Robert Hoffman ~ March 23rd, 2010

I will make a comment on the lopping of 3 zeros on the Iraqi dinar either later tonight or early morning due to my travels.  Sorry, for the delay.

Iraq completes three economic reform programs supported by IMF

by admin ~ March 18th, 2010

Since 2004, Iraq has successfully completed three economic reform programs supported by the International Monetary Fund (IMF): one under the Emergency Post Conflict Assistance (EPCA) facility and two (precautionary) Stand-By Arrangements (SBA). During this period, Iraq has made considerable progress under very difficult circumstances, including a very challenging security situation. Iraq has successfully reduced inflation, showed fiscal discipline, and started rebuilding our economic institutions. These achievements have helped us to obtain generous debt relief from Paris Club and other creditors that has substantially improved our external position

SEE and Follow Robert & Will on Twitter

by admin ~ March 17th, 2010

Get a peak into DINARINC by following them on Twitter.  Robert and Will are going to give you a peak into their world over the days and months to come.  What is it like to invest in Iraq for 6 years and build one of the most successful currency operations in the world.  This and a weekly TV show they are going to be airing right here.  Follow us, it’s going to be fun!

Assassination Attempt on Al-Malaki

by admin ~ March 16th, 2010

Iraqi Prime Minister Nouri al-Malaki was slightly injured in an assassination attempt in Baghdad on March 11, 2010.  Sources also said Malaki was rushed to Baghdad’s Madeena Toob Hospital after he was shot in the leg.

Iraq Stock Exchange (ISX)

by admin ~ March 15th, 2010

The Iraq Stock Exchange saw another pull back Sunday, March 14, 2010 and Monday, March 15th.  Basic profit taking occurred after an almost 10% run up the week before the elections.  Uncertainty, regarding when the final votes will be tallied has not helped the market.

The ISX is traded in dinar (Iraqi Dinar) the country of Iraq’s currency.

ISX

by admin ~ March 12th, 2010

The Iraq Stock Exchange (ISX) has been on a steady move up ever since the week leading up to the elections in Iraq.  The index was positive another 2.5% this week with the banking sector leading the way. 

The ISX trades in dinar (Iraqi dinar) which is the countries currency.

Is Iraq Gambling on it’s Financial Future

by admin ~ March 11th, 2010

Iraq’s 2010 budget, considered one of the most controversial in the country’s history, was finally endorsed at the end of January by parliament and the presidential council. The US$72 billion (84 trillion dinar) bill was divided between funding for investment projects (US$20 billion/23.6 trillion dinars) and operational expenses (US$52 billion/60.9 trillion dinars).

It is the biggest budget since 2005 and runs with a deficit of US$19.6 billion (23 trillion dinars).

There are three routes through which the government hopes to make-up the deficit, their first port of call being surpluses from previous years and the rise in oil prices last year ahead of predictions.

Abdul-Hadi al-Hassani, head of the parliament’s oil and gas committee, was optimistic about the government’s chances of making up the deficit.

The government is desperate to rebuild the economy in the wake of 12 years of sanctions and seven years of conflict following the invasion of 2003 and time will tell whether this gamble will truly pay off.

The dinar (Iraqi dinar) referred to in this article is the national currency of the Republic of Iraq and trades at a value of 1170 to $1.00.

Iraqi Dinar Updates VIA Dinar Inc – “Beginning”

by admin ~ March 9th, 2010

Dinar Inc (worldwide wholesaler of Iraqi Dinar, Iraq Dinar, Dinar) is going to start a weekly update show you can see right here on the Dinar Inc blog.  The two (2) guys that have built one of the foremost currency operations in the world have invested in Iraq since the beginning will be sharing their knowledge, experiences and opinions with the public.  Get to know Robert Hoffman and Will Casino like very few people ever have.  See them in action in the Middle East interacting with business associates, government contacts and their daily walk of life in this exciting and high octane way of life.

Updates on the Iraqi dinar, the Iraq stock exchange and investments going into Iraq and much more.  Check back for start date.

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