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

Originally Posted by Par77

Dan (apollo) has posted alot last night

Dear Ompus / FreeDinar members and customers,
Last night at around midnight Arizona time, the website for the Central Bank of Iraq went down. They normally post the daily exchange rates at 2:30 am (again, AZ time). However, when 2:30 came and went, with the site still being down it made us wonder. After our local “geek” did some investigating we found that the site was not down due to circumstances such as weather, or bad connections. It was taken down by someone at the CBI.
For this reason, along with all the recent news good economic news (Foreign Investment Law passed, the Hydrocarbon Law being voted on, the 10K Dinars being distributed to their citizens, and much, much more) we have decided to suspend sales immediately.
We have taken our entire inventory off the site, and any checks that come in after this announcement, or that haven’t been cashed will be placed on hold.
Because of the fact that NOBODY can get the current exchange rate of the Dinar, I would assume that no dealer, including Chase Bank is currently selling.

If and when CBI posts the rates, and if they are new (like we have all been waiting for) we will send out a new email, and depending on what the rate is, we will either be selling Dinar, buying Dinar, or retiring from the business!

Of course we hope the latter, and we also hope that many of you will also be able to retire or at least live your dreams.

We also hope that many of you will not forget the men and woman that have fought for us and Iraq and have given the ultimate sacrifice. I know many charity’s here in Phoenix that will be having a very good year, if this all pans out the way we hope.

Thank you,
Dan Fadden
CEO
Ompus / FreeDinar

I wonder who there resident Geek expert was there seems to be alot that was said here that is being repeated...

Originally Posted by Alphamystic

Hmmmm, what should I put for my 100th post to become a Senior Member? Gosh, there are just so many things that I could discuss or relate to that would be fitting for a good 100th post. What to do, what to do......uh...wait.

Opps. well it looks like I already have an answer.

I would like to thank everyone that helped make this possible. There's Mr. Dancing Banana, the Red Dot guy..... all the forum members that offered the un-ending support......

OK I'm getting silly now. Can't help it, I smell an RV coming!

His name is "Cool Spot". He's 7-Up's Mascot.

Cool Spot at AllExperts

Originally Posted by Socata 850

I'm in agreement with Adster. It would seem that an outfit like Chase, with branches in 52 countries would have a handle on the possibility of a RV. Doesn't seeem like they would continue if there was an RV in the works. You can bet they have their ear very close to the source on this issue.

If I can play devil's advocate for a second - Let's play a little game of pretend, shall we? Let's pretend that we are indeed at the precipice of this venture, and that an R/V is definitely imminent... And let's say it's going to happen on Friday. Alright, given those factors, Chase bank is still a business. If they do, indeed, know of this pretend R/V, it is obviously being kept quiet, since no one here knows the facts of what's going on with CBI. If you were in charge of Chase Bank, and you made the call as to whether to trade in IQD or not, would you either A) conduct business as usual to eliminate any speculation, thereby raising no one's suspicions on what's going on? Or B) Stop selling all IQD, which would simply feed into the whole speculation phenomenon?

I'm not suggesting that this is what is going on, but just because Chase Bank is likely in the "know" on matters such as this, and they're conducting business as usual, doesn't mean anything. Look, I walked into Chase Bank last Friday, to place an order for Dinar. It was clearly the first time anyone there had ever gone through the process. My guess is a lot of Chase Banks are in similar situations - They have one, or two (probably no more than five) buyers of Dinar. We aren't hurting their bottom line all that much by them allowing the sale of Dinar to continue, even if something is up, and they know about it. If this situation is meant to be kept hush-hush, what's the best way to do that? Conduct business as usual.

The truth of it all won't be known for a while, at the present rate of news being printed/released. We will all find out eventually what is going on. Let's not discount an R/V possibility just because Chase Bank is a very large bank, and they should know the information. But by the same token, let's be responsible, and not rush out to clean out our savings account to buy as much dinar as we can afford, because this *could be it*.

LOL I can just see a Fedex man fighting with somebody having received orders to return it just as he was handing it over!

Originally Posted by choochie

But, you also have to remember that they reserve the right to return your money to you and not give you dinar. So if the r/v does happen before I pick up my last order, they will just refund my money, or I will have to pay the difference in exchange.

Hey Chooch,

My Chase bank says as long as I have paid my money I will DEFINITELY get my dinar regardless if it revalues before it is in my hands.

Susie, why are you so quiet????????

Originally Posted by greatstuff

LOL I can just see a Fedex man fighting with somebody having received orders to return it just as he was handing it over!

No doubt!!! that would be hysterical. i'd pay big dinar to see that!!!

Originally Posted by yardbird

hey is that an orange popcicle?

It sure is. I'd share but I'm an animal

Originally Posted by phiberoptik

I wonder who there resident Geek expert was there seems to be alot that was said here that is being repeated...

One of you guys! Who else?

Originally Posted by readytogo

Hey Chooch,

My Chase bank says as long as I have paid my money I will DEFINITELY get my dinar regardless if it revalues before it is in my hands.

Well, I hope mine does the same, but on my receipt it states that "Transactions are subject to the Bank's count, verification, and acceptance."
They could very well decide that after verification, they no longer accept my transaction. They always protect themselves in the fine print.