Iraqi Dinar and the Bible Reference to Iraq/Babylon Prophecy

Iraqi Dinar and the Bible Reference to Iraq/Babylon – Prophecy?

by: Faith Sloan

The Bible warns of a coming judgment upon Babylon (modern Iraq) and says Iraq (Babylon) will rise again as a great “global economic” and “global religion” center … and then will be utterly destroyed and left uninhabitable.
In the Old Testament (Tanakh), great prophecies against Iraq (Babylon) are found in the books of Isaiah 13:1-22 and Jeremiah 51:1-64 … and also in Zechariah 5:1-11 (where Babylon is called by its ancient name “Shinar”.) In the New Testament we find a fearful prophecy against “Mystery Babylon” in the book of Revelation chapters 17-18 (in the Bible a “mystery” is something that had not yet been revealed in Scripture.)
1. The Garden of Eden was in Iraq . 2. Mesopotamia, which is now Iraq, was the cradle of civilization! 3. Noah built the ark in Iraq . 4. The Tower of Babel was in Iraq . 5. Abraham was from Ur, which is in Southern Iraq . 6. Isaac’s wife Rebekah is from Nahor, which is in Iraq . 7. Jacob met Rachel in Iraq . 8. Jonah preached in Nineveh – which is in Iraq . 9. Assyria, which is in Iraq, conquered the ten tribes of Israel . 10. Amos cried out in Iraq .
11 Babylon , which is in Iraq , destroyed Jerusalem . 12. Daniel was in the lion’s den in Iraq . 13. The three Hebrew children were in the fire in Iraq (Jesus had been in Iraq also as the fourth person in the Fiery Furnace!). 14. Belshazzar, the King of Babylon saw the ‘writing on the wall’ in Iraq . 15. Nebuchadnezzar, King of Babylon, carried the Jews captive into Iraq . 16. Ezekiel preached in Iraq . 17. The wise men were from Iraq . 18. Peter preached in Iraq .
19. The ‘Empire of Man’ described in Revelation is called Babylon –which was a city in Iraq. And you have probably seen this one: Israel is the nation most often mentioned in the Bible. But do you know which nation is second? It is Iraq !
However, that is not the name that is used in the Bible. The names used in the Bible are Babylon , Land of Shinar , and Mesopotamia … The word Mesopotamia means between the two rivers, more exactly between the Tigris And Euphrates Rivers .
The name Iraq means country with deep roots. Indeed Iraq is a country with deep roots and is a very significant country in the Bible. No other nation, except Israel , has more history and prophecy associated with it than Iraq .

…. JUST WANTED TO SHOW YOUR WHAT I READ ONLINE. GONNA RESEARCH THE FACTS TO CONFIRM. I am ready for the Dinar to POP i.e. RV. Going back to read the Bible without Bias. See ya’ll soon.

IRAQI OIL PRODUCTION SOARING

BAGHDAD — Despite sectarian bombings and political gridlock, Iraq’s crude oil production is soaring, providing a singular bright spot for the nation’s future and relief for global oil markets as the West tightens sanctions on Iranian exports.
The increased flow and vital port improvements have produced a 20 percent jump in exports this year to nearly 2.5 million barrels of oil a day, making Iraq one of the premier producers in the Organization of Petroleum Exporting Countries for the first time in decades.
Energy analysts say the Iraqi boom, along with increased production in Saudi Arabia and the near total recovery of Libya’s oil industry, should cushion oil markets from price spikes and give the international community additional leverage over Iran when new sanctions take effect in July.
“Iraq helps enormously,” said David Goldwyn, the former State Department coordinator for international energy affairs in the Obama administration.
Even if Iraq increased its oil exports by only half of what it is projecting by next year, he said, “You would be replacing nearly half of the future Iranian supply potentially displaced by tighter sanctions.”
For Iraq, the resurgence of oil, which it is already pumping at rates seen only once for a brief time since Saddam Hussein took power in 1979, is vital to its postwar success. Oil provides more than 95 percent of the government’s revenues, has enabled the building of roads and the expansion of social services, and has greatly strengthened the Shiite-led government’s hand in this ethnically divided country.
Oil also has brought its share of pitfalls for the fledgling democracy, fostering corruption and patronage, and aggravating tensions with the Kurdish minority in the north over the division of profits.
The Iraqi government says it can add an additional 400,000 barrels a day of production by next year, and it has announced a goal of producing 10 million barrels a day by 2017.
Few independent analysts say the larger goal is realistic, but oil company executives have been impressed by Iraq’s progress and ambition.

Value of Dinar, Iraqi Dinar Revaluation

WHY BUY DINAR
History is the single biggest indicator we can look at to predict future successful outcomes. Companies do it everyday in their normal course of business when evaluating persons for home loans (credit history, employment history and history of paying bills on time), car loans, business credit. Investment advisors also look at an array of historical items to assess their investment recommendations. These include track record or history of the companies leaders on how they perform, earnings and revenue history. On a more macro (bigger picture) level economic numbers of growth or slowing go into the mix to help make a clearer picture for the future.

Iraq is no different. Let’s look at world history.

World War II – End of WW2 came in 1945. Sixty million (60,000,000) people lost their lives and most of Europe & Asia laid in ruins

Korean War – 1950 – 1953

Vietnam – 1965 – 1973 – 1965 is when the United States sent first troops into Vietnam

Operation Desert Storm – 1991 – August 2, 1990 Iraq invades Kuwait and the United States liberates Kuwait from Iraqi control January – March 1991.

Operation Iraqi Freedom – March 2003 to Present

The United States helped rebuild Germany and Japan after WWII and look at their economies now. The US rebuilt Vietnam, Korea and Kuwait. All countries are significantly more successful today.

But none of the countries above (except Kuwait) had the natural resources Iraq possesses. We have never seen an opportunity like the one that lies before us today. For 5 years now, the United States and the rest of the world have invested hundreds of billions in the rebuilding of Iraq.
Let’s look at the Top ten (10) oil producing countries and where their currency trades:

1. Saudi Arabia 266 billion barrels of reserves - .26 2. Canada 178 billion barrels of reserves - .95 3. Iran 138 billion barrels of reserves - 1/10,000* 4. Iraq 125 billion barrels of reserves - 1/1170 5. Kuwait 100 billion barrels of reserves - 3.48 6. UAE 97 billion barrels of reserves - .27 7. Venezuela 77 billion barrels of reserves - 1/2152* 8. Russia 60 billion barrels of reserves - .03 9. Libya 39 billion barrels of reserves - .81 10. Nigeria 35 billion barrels of reserves - 1/152 or half a penny

Top six countries above are Middle East countries except Canada. Example: Saudi Arabia’s currency is 26 cents for each 1 American dollar, Kuwait’s currency is 3.48 for each American dollar. So each Kuwait dinar is worth 31/2 times the US dollar. Iran’s currency is 1 American dollar equals 10,000 Iranian rial. So this currency is 1/10,000 of the US dollar, which is virtually worthless.

Now, Iraq. Their currency from October 2003 (when the new Iraqi dinar was put in circulation) Iraqi dinars has gone from 3200 to currently 1170. This is an appreciation of 173% over the last 6 years. Here’s the big question.

If you believe the growth in Iraq will continue than the Currency, the Iraqi Dinar, Iraqi dinars should be considered.

Facts To Support Significant Revaluing of the Dinar - SOON!

"Open market operations" are monetary policy tools that affect directly the monetary base; the monetary base can be expanded or contracted using an expansionary policy or a contractionary policy, but not without risk.

The monetary base is typically controlled by the institution in a country that controls monetary policy. This is usually either the finance ministry or the central bank. These institutions print currency and release it into the economy, or withdraw it from the economy, through open market transactions (i.e., the buying and selling of government bonds). These institutions also typically have the ability to influence banking activities by manipulating interest rates and changing bank reserve requirements (how much money banks must keep on hand instead of loaning out to borrowers).

The monetary base is called high-powered because an increase in the monetary base (M0) can result in a much larger increase in the supply of bank money, an effect often referred to as the money multiplier. An increase of 1 billion currency units in the monetary base will allow (and often be correlated to) an increase of several billion units of "bank money". This is often discussed in conjunction with fractional-reserve banking banking systems.

So now we know there are monetary tools that affect directly the monetary base. Monetary Base are the notes & coins that are in circulation. The monetary base can be expanded or contracted using two different methods.

First Method: "Expansionary Policy" (Expanding / Printing More Money)
http://en.wikipedia....monetary_policy
"In economics, expansionary policies are fiscal policies, like higher spending and tax cuts, that encourage economic growth.^[1] In turn, an expansionary monetary policy is monetary policy that seeks to increase the size of the money supply. In most nations, monetary policy is controlled by either a central bank or a finance ministry." We already know how a country can "expand" their monetary base / currency in circulation. They print more money. This is exactly what Iraq has done ever since 2003 when they released the new IQD's and put them into circulation. I believe they started with about 6 trillion Dinars back in 2003 but for arguments sake we will stick with the facts. In 2004 IndexMundi states that they had 10,244,220,000,000.00 Iraqi Dinars in circulation. That is a little over 10 trillion dinars.
http://www.indexmund...acts/iraq/money

Now we know that the CBI has the ability to "expand" and has in fact "expanded" their monetary base from 10 trillion Dinars to 30 trillion Dinars in a matter of 4 years! That is a lot of printing...


Second Method: "Contractionary Policy" (Contracting / Decreasing Money in Circulation)
http://en.wikipedia....monetary_policy

Monetary base
Contractionary policy can be implemented by reducing the size of the monetary base. This directly reduces the total amount of money circulating in the economy.

A central bank can use open market operations to reduce the monetary base. The central bank would typically sell bonds in exchange for hard currency. When the central bank collects this hard currency payment, it removes that amount of currency from the economy, thus contracting the monetary base.

Iraq's Currency Auctions They sell U.S. dollars to the banks and receive Iraqi Dinars. This happens ALL THE TIME. When the central bank collects this hard currency payment, it removes that amount of currency from the economy, thus contracting the monetary base. This is our key to a significant RV, PERIOD!


Effectively DESTROY BASE MONEY: Process
Since most money is now in the form of electronic records rather than cash, open market operations are conducted simply by electronically increasing or decreasing ('crediting' or 'debiting') the amount of base money that the bank has in its reserve account at the central bank. Thus, the process does not literally require new currency. (However, this will increase the central bank's requirement to print currency when the member bank demands banknotes, in exchange for a decrease in its electronic balance.)

When there is an increased demand for base money, action is taken in order to maintain the short term interest rate (that is, to increase the supply of base money). The central bank goes to the open market to buy a financial asset such as government bonds, foreign currency or gold. To pay for this, bank reserves in the form of new base money (for example newly printed cash) is transferred to the sellers bank, and the sellers account is credited. Thus, the total amount of base money in the economy has increased. Conversely, if the central bank sells these assets in the open market, the amount of base money that the buyer's bank holds decreases, effectively destroying base money.


I have provided tons of links and facts for the naysayers or for those who base their decisions off of logic and reasoning. I've provided this information as I believe  it proves that a significant RV is probable. It proves all of the "naysayers / LOPsters" wrong. The biggest argument (which is valid and played a huge role in all of this) is the amount of currency in circulation. Well this thread proves that by using Contractionary Policy the CBI can decrease the Money Base (currency in circulation) through Open Market Operations which also can be referred to as Currency Auctions.

Thank you for taking the time to read through this.

Iraq Halts Plans To Drop 3 Zeros From Dinar

Iraq Halts Plans to Drop 3 Zeros from Dinar

Posted on 20 May 2012.

Iraq has decided to hold off on a plan to knock three zeros off the nominal value of bank notes of its currency because it does not believe the economic climate is suitable, reports Reuters.
The central bank said last August that it planned to redenominate the Iraqi dinar to simplify financial transactions in an economy that is still heavily centralised and dominated by oil, and where deals are often carried out in cash.
The proposal to restructure the dinar to bring more liquidity into the market has been awaiting parliamentary approval since last year.
On Thursday, a statement on the website of the cabinet secretary said the cabinet had decided to halt all procedures relating to the redenomination of the dinar “until further notice”.
“The economic committee discussed this issue and so did cabinet … There is a possibility that it could cause some problems in the economic situation. Besides that, this operation is so big that cabinet sees circumstances are not right to control this,” cabinet secretary Ali al-Alaq told Reuters.
“We have more than 30 trillion dinars in circulation. To withdraw this amount from the market and then to examine them and to dispose of them is a huge process. Even the technical and the monetary capabilities to control a process like this, we consider as insufficient and it is not seen as a priority currently,” Alaq said.
The central bank says Iraq’s large foreign reserves, which have risen to a record $60 billion on the back of high oil prices, will shield it from any damage to its financial system on the national level.

What You Should Know About Iraqi Dinar Speculation

What You Should Know About Iraqi Dinar Speculation

As Iraq continues to recover and experience tremendous growth, many individuals are beginning to wonder if speculating in Iraqi Dinar would be wise. At the present time, the dinar holds very little value, which means it can be purchased for very little money. It is indeed legal to purchase this currency, and sell it whenever you wish. If you decide to make a purchase, you will of course want to hold onto the currency until the value increases and you can make a profit.
Are there any guarantees that the dinar will increase in value? No. As with any currency type, there are various conditions that will determine the eventual value outcome of the dinar. Those who follow the news out of Iraq will however be able to note the improvements that are taking place in Iraq right now. For many, these improvements alone are a strong indicator as to what the dinar may do next. You may think of it in the same manner as the US dollar, which has lost ground due to declined economic conditions.
Should you decide to purchase dinar, the amount you would like to purchase will be entirely up to you.  There are fakes in existence, so it will be to your advantage to perform some research on the source you plan to purchase from. Once you have it, you may want to store it in a safe place, such as a bank deposit box, or other secure facility.

Iraqi Dinar Revaluation

Iraqi Dinar Revaluation 2012

The Iraqi dinar revaluation will determine how much value the dinar has. The exact date of this revaluation has not been announced. However, many currency specialist feel that it will take place soon. Indicators point to an increase, but again, there are no guarantees. It is highly advisable that you spend some time researching the possibilities so that you will be able to make an educated purchasing decision.

In order to track the value of the dinar, log into www.loot4gold.blogspot.com. You will want to monitor value changes on a regular basis, as you will want want to miss the chance to sell your dinar should it spike in value.
If at any point you wish to sell your dinar, you will find that plenty of companies will purchase them from you.[HINT: Loot 4 Gold]. Again, you will want to select a reputable company to ensure a smooth transaction, and the best rate for your dinar. Both buying and selling are easy tasks, so long as you take the time to consider those you wish to conduct this business with.

Predicting the Future of the Iraqi Dinar

It may seem that predicting the future of the Iraqi dinar is impossible. While it is true that the value of this, and all types of currencies, are subject to change at any times based on specific events or conditions, there are ways to determine where the dinar may be headed. Knowing the facts will help you determine if you wish to purchase dinar, and if so, how much money you wish to speculate with..
Consider following the most current Iraqi dinar news if you wish to make predictions about the future of this currency. New is the absolute best source, as it is based on fact and not speculation. The events that are going on inside Iraq at this moment do make a difference. Many of the predictions about the sharp rise in value of the dinar are based on the amazing growth that is taking place within Iraq at this time. The United States is playing a role in this, and there is no denying that when help is being received, more progress can be made.

Iraqi Dinar in 2012

Another topic that is currently open to questions is when the dinar revaluation will take place. There are many indicators that point to this happening soon, as it should benefit the country greatly to have a currency that is valued correctly. At the time of revaluation, many questions will be answered. Should the value increase greatly, those who currently own dinar will be in the prime position to make a handsome profit. It will not be too late to make a purchase one the revaluation has taken place. However, the profit margin will certainly be slimmer.

Many feel that the dinar is currently undervalued by a substantial amount. The price to purchase dinar is indeed, quite low at this time. It will be up to you to determine the potential risk and reward ratios. However, the low price of dinar will allow many to take a chance without risking a great deal of funds. Some investors are purchasing millions of dinars, while others are taking a more cautious approach and purchasing smaller speculative amounts. There is no right or wrong here, only what you feel comfortable with.
There are no laws that state this currency can be purchased. Therefore, anyone who wishes to purchase dinar at this time may do so.
Dinar information is available from many sources online. Those who are considering this purchase will want to read as much information as possible in order to try to determine what the value of this currency will be in the future. As with any investment, there will be risks. Minimizing risks is simply a matter of being as educated as possible prior to risking your money. Once you sort the fact from fiction, you will be able to have a clearer picture of what to expect from the dinar in the near future.

The Central Bank of Iraq Website

http://www.cbi.iq/

Up to date information directly from the Central Bank of Iraq.