When will iraqi dinar revalue?
No one can say for sure, but if you have been following it as long as I have, since 2004, then you would know every single goal set has been met. The most important was the stabiligy of dinar, and it has been the most stable currency in the world for the past year when all other currencies, including dollar have dropped in value, and even with drop, the dinar has remained stable, a major goal of Iraq and stated many times publically.
With chapter VII agreed once restoration of previous value of dinar is complete, this too is a major issue which had to be resolved first. Given the fact the coins were removed from market over a year ago, and the fact that all citizens now have debit cards, and as of Oct. 1st, no longer are Iraqi's to use U.S. dollars, what else is left?
Well, the only remaining missing link is the passing of the oil law, but due to the sectarian divide in Iraq between Shiites, Shia and Kurds, it has been held up for over a year, so this too is an issue which has to be resolved, and I believe it is close to being passed, so there you have it, all the major obstacles are completed, or near completed, so we are close as I see it.
Here is the most important thing I see happening by end of year. Given Maliki has done little in the way of helping the citizens and with no electricity available or fuel for cars in many areas, the citizens are still loosing faith in current goverrnment, and Maliki is sweating being reelected, so as I see it, just as is done in the U.S., you will see revalue so that Maliki is reelected, just as those in U.S. paid to insure Obama got in office, it is always about money, so Maliki is smart enough to spread the wealth just before elections, and those debit cards will all be loaded with millions in dinar assuring his reelection, and that is how I see it all coming together, so stay tuned, patience is about to be rewarded.
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