Thread: All Banks $ Dealers News Here.

Originally Posted by notazbad2000

There seems to be a lot of strange things going on now. They are also having trouble with the other threads. Posts have gove missing and some being posted in the wrong order entirely.

do you think. we well have some moneys in march???????? are dinars. i really need some cash. after pips/ i gave all my money to that person. help

I have a friend who got thoroughly annoyed with the Bank of Nova Scotia and closed all his accounts there. Then the dinar came along and he's been buying quite a bit from the local branch on several occasions. He's been buying for others as well as himself. Last time, he opened a new account for cashing in. Later in the day, he got a call from BNS asking if he was happy with the service. He said that he supposed that they were calling because he'd opened a new account. The caller didn't know that and had to look it up. Just a little hmmmm...

I dont't know if this is the right place to post but I thought I'd share with you what happened to me today. I went to my usual CHASE bank to pick my recent order of dinar and I was told by the manager that they had CLOSED my account with them. The reason they gave me was that they JP MORGAN did not like the way I was handling my account. I was purchasing dinar through it but I was not using my debit card and I did not do any other transactions through it and they were uncomfortable with the way I was using it. I told her that when I first came in I was told I needed an account to order the dinar. which I opened and purchased several million dinar through. I sent numerous people there to open accounts as well. She did not care when I asked her about cashing in and their bank losing millions. She said that it's JP Morgan and they are big business and they don't care. I asked about a new customer opening an account and she said NO. They will not open any new accounts for dinar and they could not order anymore because they were having problems with bank of america. She told me no hard feelings but she really didn't understand why I wanted dinar in the first place. I told her that we are investors and are investing in Iraq. She told me she never heard of currency brokers and people investing in currency. They apparently do not know what is going on at this branch and her higher-up has no idea that these transactions were taking place. I don't know how this can be but this is what she said. I said that I will have to cash in at another bank and she really didn't care. I received my last order of 1.7 million in 1 day. That was my last order through my little chase bank. Has anyone else had any similar experiences lately? just wondering and confused here in jersey.

Originally Posted by jerseydinar

I dont't know if this is the right place to post but I thought I'd share with you what happened to me today. I went to my usual CHASE bank to pick my recent order of dinar and I was told by the manager that they had CLOSED my account with them. The reason they gave me was that they JP MORGAN did not like the way I was handling my account. I was purchasing dinar through it but I was not using my debit card and I did not do any other transactions through it and they were uncomfortable with the way I was using it. I told her that when I first came in I was told I needed an account to order the dinar. which I opened and purchased several million dinar through. I sent numerous people there to open accounts as well. She did not care when I asked her about cashing in and their bank losing millions. She said that it's JP Morgan and they are big business and they don't care. I asked about a new customer opening an account and she said NO. They will not open any new accounts for dinar and they could not order anymore because they were having problems with bank of america. She told me no hard feelings but she really didn't understand why I wanted dinar in the first place. I told her that we are investors and are investing in Iraq. She told me she never heard of currency brokers and people investing in currency. They apparently do not know what is going on at this branch and her higher-up has no idea that these transactions were taking place. I don't know how this can be but this is what she said. I said that I will have to cash in at another bank and she really didn't care. I received my last order of 1.7 million in 1 day. That was my last order through my little chase bank. Has anyone else had any similar experiences lately? just wondering and confused here in jersey.

Actually I can call my Bank Manager at Chase and do it over the Phone. lol Sounds like this person is really in the dumb. I promise Banks dont do customers like this. Now if you open a free account it has to have a direct deposit attached to it or they will close it. One more thing, I still dont believe Chase has anything to do with BofA on the Dinar. JMHO.

I went to my local Scotiabank on Friday and ordered some more dinar. There was no problem ordering - they phoned somewhere to get the rate. When I left the bank, I realised I'd paid a lower price again - only $335 for 325,000 (plus a small fee since I don't bank with them)! I wonder if they gave me their buying price instead of their selling price? They didn't say when to expect them.

READ PEOPLE YOU MUST BUY DINAR FIRST TO PURCHASE THERE STOCKS.THIS MEANS BOOOOOM TO IRAQ DINAR




Baghdad stock exchange welcoming foreign investors

50 mediators in the Iraqi market for securities are examining the measures and instructions for activating the resolution, which allows non-Iraqis to circulate shares and bonds on the Stock Exchange of Iraq, and the requirements of starting the work by it, amid investors’ expectations of significant shifts; the most important of which are the positive high returns in relation to investment in general, and the raise of the level of stock prices and transactions volume on the stock market in particular.

Head of Iraqi Bourse Trustees, Talib Tabatabai, hoped that “activating this resolution will achieve economic advancement, the development of investment and expanding its base in Iraq”. He emphasized that Arabs and foreigner investors “sent letters to companies and offices of the Iraqi mediation which are 50, seeking clarification on the method of investment in the shares sector and the mechanism of circulating them via the Bourse, according to the decision issued by the Iraqi government in this concern”.

The Association of Securities in Iraq required the disclosure of brokerage companies approved by Iraqi Bourse and their offices on the web site of the Iraq market, and equally, including their e-mail addresses, their capitals, telephone numbers, a brief on the company and the volume of transactions achieved in the last two years, as well as the company’s balance and the name of its managing director.

The Association also required that the mediator must check the identification of the non-Iraqi investor by requesting documents through electronic image, to be supported later by a certified copy from the embassy of Iraq in the country of the investor and any governmental organization. It pointed out that the required papers are: ID card, valid passport, the contract and license of incorporation signed by the issuer and the Iraqi embassy or the concerned Iraqi authority.

The Iraqi Bourse will dispose the buying and selling authorization in Arabic and English, including the No. of issue and other necessary information, with the possibility of delivering the authorization by e-mail or agent of the investor or any other means, on condition that the mediator will be responsible for the purchase and sale according to his relationship with the investor and to the guarantees and trust between the two.

The procedures issued by the Iraqi Association of Securities licensed the non-Iraqi investor who is not in Iraq, the appointment of an agent to follow up his affairs and receive his certificates, while the intermediary can not receive any cash from the non-Iraqi investor or his agent, and may not pay the sell cash; such operations must be carried out through a licensed bank in Iraq and in Iraqi dinar, and place the financial settlements by the time prescribed in the instructions for circulation to the seller.
Source: Iraq directory

Official from Chase Bank

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Hey all

I went to my bank, Chase bank, today. I went to do a wire transfer for some other business. I asked about their investment group that help with investments. Then she (the assistant manager) said something about currency exchange and how they help people buy and sell currency. I then asked her about the Iraqi dinar. I think she had a hard time understanding me at first then she was like, "Oh yea the Iraqi dinar. We are not selling the Iraqi dinar anymore." I said that I thought it was just a rumour, and I did think that. But she said that there was a note about it from a managers meeting a couple of weeks ago and something on the computer about it. I asked what it was about. She said, "I think it was about the value or something." Hmmmmmm...Now she peaked my interest. I asked if it was good or bad. She said bad. She said there were complications and such and Chase decided not to deal with it any more. I asked her if she could find the information on the computer and what it had said. She could not find it. I told her how the Iraqi dinar had gained at least 13% in the last 4 months. She said she heard it is going up. Then she said that she was going to go ask her manager more about it. She returned and said he manager said the same thing. She implied that it was about counterfeit currency. I told her that the Iraqi dinar has some of the best security features in it. And all that she said thus far did not make much sense. Well I left. Then I got a call back saying they forgot to get my account number for the bank wire. So I headed back in to redo the wire transfer I did while there the first time.
This time the bank manager was doing this. I asked her about the IQD and I told her it did not make sense that they would just all of sudden stop selling and buying the Iraqi dinar. I told her that Chase is one of the biggest banks in Iraq right now. I told her how the value has only increased. I told her that the CBI is telling us the value of the dinar is going to go up. And she said yes I had heard that. She then brought up the Mexican Peso which they did the same thing with that. Because they could not get their money back out of it. What? Is she actually trying to tell me that they cannot get money from the Iraqi dinar that they buy from turning it back over? I found that hard to believe they are not getting their money for the Iraqi dinar that they buy because the US is supporting the Iraq war, and the demand has gone up. We are not supporting Mexico in a war. Then she went on about the demand and Chase probably doesnt want large amounts of foreign currency sitting around not doing anything. Which I also find hard to believe because I would imagine the demand for the Iraqi dinar has only gone up. And told her as much.
I stated that Chase could be holding onto them for if there is a price increase they could benefit off of it. She said it makes sense to her and is possible. Guess what she could not find the update either. I find it odd that neither one of them could find it now. But there was definately an OFFICIAL internal update in Chase employees back office about the Iraqi dinar and how Chase would not be selling Iraqi dinar any more NATIONWIDE.(the US) We even went to the foreign exchange site within Chase banks site and the Iraqi dinar was not even listed. Even though there were other exotic currencies listed as "not available". Hmmmmm....... Very odd indeed. Why now? There was probably more problems with counterfeit dinar about a year ago than now. And how many cases have you heard about this in the US? We are all over the dinar news day in and day out and I have NEVER heard about a problem with the Iraqi dinar. I think they are hiding the real reason. They cant send a memo out to their employees telling them that they can no longer deal in the Iraqi dinar until AFTER a revaluation. That would expose what is really going on.....

What is everybodies take on this? Pure smoke screen or Chase is done with the Iraqi dinar for good(which I find hard to believe)? I was about to give up on the IQD but now I dont know what to think

Here is follow up post to a question:

"If what you say is true it doesn't matter anyway because you said she has stated it was going to be bad for the rv. But who knows. Maybe it wont be too long "

I did not say she said it would be bad for the RV. She just said that it was supposedly bad for Chase bank right now. But I dont buy it. All she said was excuses and more excuses which could be rebuffed with facts. First it was said that people were coming in and demanding instant account transfers after selling Chase their dinar. Ok well How many people do you know selling dinar? And you just dont credit their account until the currency is analyzed for authenticity. And she knew it didnt make sense herself. Then the other lady who was the manager said something about counterfeit IQD. How many news articles or release from the SEC have you seen about counterfeit IQD cases? Folks I cant think of any. Then the bank manager said something about the Peso and how Chase stopped selling them for a while. Why? Because when they(Chase) would go to cash in their Peso to who ever then could not get the value of their Peso. Now tell me that this is happening with the IQD. I highly doubt that is happening. Every reason they came up for not selling it anymore had holes in it. Maybe they really just did not know the reason why. And I dont believe these two employees really knew. But what REALLY got my attention is she said that there was actually an internal memo about not selling the IQD to all branches in the US. I instantly thought of the rumours from here.

THIS INFO IS MINE:
A friend of mine went to Chase here in Libertyville Il. on Friday and ordered a million IQD - he received it yesterday afternoon, all crisp new 25k notes at $880/mil + $5 fee. This was the first time this bank sold dinar to anyone and my friend had got the tellers and supervisors talking about ordering some for themselves. This just shows what we have been seeing the last few months that not all Chase branches are on the same page with their information.

Thanks
Mike

I just came back from Chase Bank downtown Houston, purchased 2000.
dinars for 176.56 No Problems here ......

I just picked up my order - all new 25,000s. No comment or apparant interest from the bank staff - just another transaction.