Terrance

For a country to have to import everything…they need dollars…The more the dollar strengthens and with all this foreign investment coming in, that’s going to create a level of inflation […]

Question “With everything happening so quickly right now do you think Iraq is able to do all of this while maintaining the 1310 dinar exchange rate?”  I’m going to disappoint […]

Every dinar that is circulating, even in our hands of speculators, is redeemable by the Central Bank of Iraq.  The Central Bank of Iraq has to honor it.  If that […]

A lot of people will probably disagree with me in terms of the window, I truly believe…they’ll initially announce a 90-day rate.  But it is in Iraq Central Bank’s best […]

I was looking at [the dinar] from a strictly valuation, like the way Warren Buffet would look at an investment.  This thing is trading very low.  It’s not priced correctly.  That’s  […]

Why does Iraq need the rate to change? That’s the most important question.  It goes back to who benefits from cheap currency…American dollars going into Iraq benefits American companies.  They’re using […]

For all those people…who are saying they’re going to have to send the money away to a redemption center, you’re just looking for your money to be stolen.  If you […]

Question: “Do you think the CBI and the government of Iraq needs the approval from the US Treasury before they move forward because the Treasury is so involved with the Iraqi […]

What I do know and what I trust is the advancement I’ve seen made in the banking reform from where Iraqi banks were 10 years ago to where they are […]

From someone who’s build their entire last 25 years working in banks, the last thing you want to do is leave [your RV] money sitting in a bank account.  You have […]

Getting the dinar is probably the easiest thing to do…Actually keeping the money after the exchange is really when the hard work comes in…The first thing that’s going to happen […]

The imperative is…do not drag your feet when the RV happens.  Get to a bank as quickly as possible.  Maybe you want to do a test on week one and […]

Question:  “What excited you from the very beginning when you first got involved in this investment and has that excitement grown recently…?”  Terrance:  What really excited me was when I found […]

The risk is out there.  They’re under no obligation to honor speculators outside of Iraq with redemption of the currency after the RV.  That is absolutely the truth.  You can reference […]

Question: “When the rate change does occur…and they give their citizens in Iraq a time frame to exchange the current notes for new lower denominations…does that apply to us?  Are we […]

If you had a problem or struggle redeeming or exchanging your Iraq dinar and you say, ‘well I’ll get on a plane and go to Iraq and to the central bank’, […]

PMZ [Prime Minister Zaidi] has the authority…to delete the zeros right now.  But the preferred way to do it is to go through legislation through their parliament.  That’s the ideal way […]