Sebastian River Holding’s Adds an Additional 100,000,000 Iraqi Dinar to Its Foreign Currency Division
|May 27, 2013||Filled under Featured Article|
SEBASTIAN, Fla., /PRNewswire-FirstCall/ — Sebastian River
Holding’s Inc. (Pink Sheets: SBRV), today announced that the company has
added an additional 100,000,000 Iraqi Dinar to its portfolio. This gives
Sebastian River Holding’s a total of 235,000,000 Iraqi Dinar in its foreign
“With all the great news coming out of Iraq, the rate of the Dinar
rising every day and people by the busloads returning daily back to their
homes in Baghdad, it was an easy decision to increase our holdings in what
the company believes to be the best investment in foreign currency today,”
stated Daniel Duffy, president of Sebastian River Holding’s Inc. “People
don’t realize that prior to the war with Iraq the Dinar was $3.00+ per US
Dollar. Today the country is almost debt free; Iraq is one of the leaders
in oil, natural gas and holds a huge amount of gold in its country, and the
rate is 822.37 per million, which is up from $784.93 when we first started
in March 2007.”
The Company believes in the near future there will be a revalue of the
Iraq Currency, it is the Company’s opinion after doing its due diligence
and public statements from Iraq’s government officials, that the revalue
could come in at between .82 and 1.00 per US Dollar. This would give
Sebastian River Holdings a profit of between $192,000,000 and $235,000,000.
The article below was taken from a daily address to the people from
Iraq’s finance minister: Baqir Jabr Zubaidi.
“That the Iraqi government was able to extinguish the 90 billion
dollars of Iraqi debt and has worked to reduce the size of inflation from
66 per cent to Between 16 – 18%, and that the Central Bank of Iraq 22
billion dollars , 3 tons of gold specifically to support the Iraqi dinar,
rising value of the Iraqi dinar against the dollar from 3 thousand dinars
in 2004 to between 1200 1000, the dinar this year, stressing that every
effort will focus on Iraqi deleted 3 zeroes off the value of the Iraqi
dinar, leading to 1 Iraqi Dinar for every one dollar.”
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