Thread: Iraq/Dinar News. 09/05 to 01/14/07

Originally Posted by eric69

Hey Rolbuddies. After reading your posts, I went to Compass Bank to see for myself what would happen if I went in talking about the Dinar. After waiting in a line and getting to the teller window, I promptly asked, "Who do I talk to about currency exchange?" The teller said, "O, I dont know, let me check" She went to another man who said we dont do that here, go to the bank by the airport. I then said, "I was told that you exchanged the new Iraq Dinar at Compass Bank." She checked with another person and she came to me and said we can do that here, but come to this room. So I followed her and sat down and asked, "what is the exchange rate" To make a long story short, it stood at $812. for 1 million for me to buy. And about $560. for me to sell. I told her I wanted to buy, placed my order, locked in the rate, and walked out 1 million dinar richer. If thats not free trade, then I dont know what is! I walked in to my local bank, bought dinar at a rate that is better than what I can find on the internet, with no 6 month wait, or any wait whatsoever. An instant purchase with a locked in rate. Granted I couldnt turn around and sell it to them and make a million, but that isnt the way the banks or the world works. Im ready to revalue this thing! Go Dinar!! God Bless you all.

One mil at gidassocistes. is $780
One mil at usdinar. is $770
Thought you would like to know.
Did you walk out of the bank with 1 million dinar's in your hand for $812 dollars total??

Originally Posted by raloaa

One mil at gidassocistes. is $780
One mil at usdinar. is $770
Thought you would like to know.
Did you walk out of the bank with 1 million dinar's in your hand for $812 dollars total??

Any of you guys thinking about buying from US Dinar need to seriously reconsider. I have bought over 40M Dinar, and have had major problems. PM me if you want more details.

Johnny

Originally Posted by spinedaddy

Any of you guys thinking about buying from US Dinar need to seriously reconsider. I have bought over 40M Dinar, and have had major problems. PM me if you want more details.

Johnny

Thanks Johnny,

I agree, I waited six weeks and had my lawyer call to light a fire under their butts. Pathetic service, so sadly, you get what you pay for and many dealers are totally out of inventory and with their refund clauses, they can cancel the order anytime they want, so BEWARE, you may never see your orders.

Good luck to all, Mike

http://www.usatoday.com/tech/world/2...naa-tech_x.htm

I like this part:

Quote:
The competition is squeezing profits. "You get a new product, and after one month the price goes down," says Wissam Sheehab, the purchasing manager for a Sina'a Street store that sells computers to Iraqi businesses. "My profits are down."


This means that if there is a high RV, inflation won't get out of hand because
markets are competitive enough to drive prices down to what the market
will bear.

http://www.usatoday.com/news/world/...htm?POE=NEWISVA

Good, now let's get the rest of the cabinet in place and on with this reval!

Originally Posted by raloaa

One mil at gidassocistes. is $780
One mil at usdinar. is $770
Thought you would like to know.
Did you walk out of the bank with 1 million dinar's in your hand for $812 dollars total??

i locked in the rate and plased the order . the lady said to come back tusday to pick it up. i payed 812.20 exactly The place ihave bought all my denar in the past is safe denar . it is a little moor expensive but it is quick the C.O.D. at 834.

treasurehunter1, here you go.

Al-Jaafari named to lead Iraq's next government
BAGHDAD (AP) — Shiite lawmakers Sunday chose incumbent Ibrahim al-Jaafari to be Iraq's new prime minister, taking a key step in forming a government nearly two months after national elections, officials said.
Ibrahim al-Jaafari will head Iraq's next government, as prime minister. Ibrahim al-Jaafari will head Iraq's next government, as prime minister.
AFP file photo

Al-Jaafari is assured the post because Shiites won the most parliament seats in the Dec. 15 national elections. He won 64 votes in a caucus of Shiite legislators, one more than Vice President Adil Abdul-Mahdi, officials said. There were two abstentions.

After parliament convenes within two weeks, members must choose the largely ceremonial position of president, who will then designate the alliance's choice as the new prime minister.

Al-Jaafari's designation paves the way for the Shiite alliance to begin talks in earnest with parties representing Sunni Arabs, Kurds, secularists and others to try to form a broad-based government, which the United States hopes can calm the insurgency so American and other foreign troops can begin leaving.

Attacks continued Sunday, with at least four people killed and 20 wounded in a spate of blasts and shootings in Baghdad and north of the capital. Insurgents also fired a mortar into the heavily guarded Green Zone in central Baghdad, but there were no casualties.

Iraqi President Jalal Talabani, the head of the influential Kurdish Coalition, took little time in making demands on the makeup of the next government.

Talabani told reporters that the Kurds would not support al-Jaafari and his Shiite coalition, the United Iraqi Alliance, if former premier Ayad Allawi's secularist Iraqi National List was not included in the Cabinet.

"I stressed to the American ambassador on the necessity of forming a national unity government in which no one will be excluded, especially (Allawi's) Iraqi List," Talabani told reporters after meeting U.S. envoy Zalmay Khalilzad. "The Kurdish Coalition will not take part in the coming government unless the Iraqi List takes part in it."

Several senior Shiite politicians have said they opposed Allawi — a secularist who has good relations with the U.S. government — taking a prominent role in the next government.

Allawi has been touted as a possible replacement for Interior Minister Bayan Jabr, a Shiite bloc member accused by Sunni Arabs of directing Shiite-led security forces to kill and kidnap members of the Sunni Arab community.

Jabr denies the claims. Shiite leaders, who were long suppressed by Saddam Hussein's security forces, have vowed to take control of the interior and defense ministries, which run the police and military.

After winning the vote Sunday, al-Jaafari said the Shiite coalition will hold talks with others "based on the grand interests of Iraq."

Drive-by gunmen killed Education Ministry official Karim Selman al-Zaidi in Baqouba, 35 miles northeast of Baghdad, Diyala police's Joint Coordination Center said.

A suicide attacker detonated his explosives-packed belt in western Baghdad's Baiyaa district near a police patrol, killing an elderly woman and a policeman and wounding seven people, police said.

Another group of armed men in a speeding car fired at two men in a truck in Baghdad's southern Dora neighborhood, killing one and seriously wounding the other, police said.

A bomb rigged to a motorcycle exploded shortly before 7 a.m. outside a local restaurant near central Baghdad's Tahrir Square and wounded nine people, police said. A roadside bomb wounded four policemen near a northern Baghdad mosque.

Police also found the bodies of at least five men who had been bound, repeatedly shot and dumped in different parts of Baghdad.

Meanwhile, an explosion in the insurgent stronghold of Ramadi, west of Baghdad, wounded two civilians and damaged eight shops, witnesses said. The cause of the blast was unknown.

Al-Jaafari, a physician and member of the Islamic Dawa Party, spent years in exile in Iran and Britain before returning to his homeland after the U.S.-led coalition ousted Saddam Hussein in 2003.

His government, which took office in April 2005, had been widely criticized for failing to improve the country's crumbling infrastructure or deal effectively with the Sunni-led insurgency. Al-Jaafari's supporters had complained of infighting within the Shiite alliance that dominated the outgoing government.

The British military police, meanwhile, opened an investigation into a report by the tabloid News of the World newspaper claiming to have received video footage allegedly showing British troops using their fists and batons to beat a group of young Iraqis in 2004.

Flight Lt. Chris Thomas, a British spokesman in the southern city Basra, said the allegations involve only a small number of British troops in Iraq and expressed hopes the claims would not affect relations between coalition soldiers and Iraqis.

"We condemn all acts of abuse and brutality," he said. "We hope that the good relations that the Multi-National Forces have worked very hard to develop won't be adversely affected by this material."

Thomas said the allegations relate "to only a tiny number of the 80,000 (British) personnel that have served in Iraq" since the 2003 U.S.-led invasion. Britain currently has 8,000 troops in Iraq, mostly in Basra.

The Sunday newspaper said the video was filmed in 2004 by a corporal who urged the soldiers on during the alleged attack. The paper claimed the tape was passed on by a whistle-blower, whom they have refused to identify.

It was unclear how news of the video would affect relations between British troops and civilians in southern Iraq. Those ties have come under strain recently, with some Iraqi officials complaining about British detentions of local policemen linked to numerous kidnappings and killings, as well as British security control over Basra International Airport.

The U.S. military, meanwhile, said a 53-year-old Iraq detainee died Saturday after being assaulted by several detainees in western Baghdad's Abu Ghraib prison. A military criminal investigation was underway.

Has anyone used Bet On Iraq.com?


Caroline

Originally Posted by Caroline

Has anyone used Bet On Iraq.com?


Caroline

No, I never came across them before, so I have no idea other than to look at their prices, $1,060. per million, so no bargain there.

Good luck to all, Mike

Eric69, I too have purchased Dinar fromt he internet and from Compass. All of my future buys (and sells /wink) will be with Compass, or at least a bank. I like the idea of buying from a bank for the credibility. And yes, part of the purchase price is the overnight delivery fee (which is usually 2 days by the way so dont get worried). The main reason I originally went to Compass and opened an account after hearing they were "in the business", was to make sure I had an outlet to sell back the Dinar once it was convertible and had a value. I consider myself all set now.