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

thats what i mean if you bouhgt at new rate you would have a receipt for them then you could cash in a bit at a time at differant banks and if asked where did you get the dinars you could show them your receipt hehe!

Tony

Does anyone here know about US taxes? What percentage would we be taxed at? Would this be considered like regular income? I plan on cashing out half then saving half mine for later use so just want to make sure i pay what taxes i'm supposed to, i don't want to worry about tax man knocking at my door. And do we need to have receipts when we go to bank to show we own the dinars. i do hope this happens i can hardly contain myself, all day i've been so excited from reading all the news

krissy

Iraq's new finance min vows to defend economy
BAGHDAD, May 20 (Reuters) - Iraq's new finance minister, Bayan Jabor, said in his first public comments after being confirmed in office by parliament that he would use his experience in business to defend Iraqis' economic interests.

"I shall work with all my passion and my commercial experience to preserve the money of Iraqis," the former interior minister told reporters when asked for his policy priorities.

"My priority is preserving Iraqi funds, as I preserved Iraqi lives when I was interior minister," he told Reuters. "I will also fight corruption in the administration of the Finance Ministry as I did at Interior. That will be a priority."

http://www.alertnet.org/thenews/newsdesk/MAC040592.htm

Krissy....not sure...but i think we will b responsible to pay what is called capitol gains tax...which is 15%...i think...mike aka as offshorewealth knows more about it then i do.....hope this helps u some....Pat

krissy,

Mike posted a few pages back on here, have a look back or just search all his posts.

Off for well needed beers, Mrs A's said there are 3 of us in this relationship and the other one goes by the name of dinar!! lol.

Speak soon, keep smiling all, truely historic day today.

Adster

lol at adster...enjoy ur evening with mrs A adam....good times r in our future hoepfully....have a good one.....catch u tomorrow....Pat

Well, had to leave for about an hour to run to the bank, check on funds, and buy more dinar. And to top it off, I come back to some even more good news. This just makes me tingle all over. I can't wait!

Originally Posted by krissyg

Does anyone here know about US taxes? What percentage would we be taxed at? Would this be considered like regular income? I plan on cashing out half then saving half mine for later use so just want to make sure i pay what taxes i'm supposed to, i don't want to worry about tax man knocking at my door. And do we need to have receipts when we go to bank to show we own the dinars. i do hope this happens i can hardly contain myself, all day i've been so excited from reading all the news

krissy

I don't know what you mean by receipts, I mean why we would need them. I've travelled abroad before and changed
currency at a bank. No one asked to see receipts showing the origin of my American dollars! And vice versa....didn't have to say where my foreign currency came from when I wanted to get my American dollars back. Of course, I wasn't dealing with the kind of money we're talking about here, but I can't see what law would compel us to indicate where our dinars came from.

Sure hope you are right about the reval, Adster. It sounds "too good to be true"....which, as the years have gone by, and program after program has gone by leaving me wondering what happened to the money I was supposed to have, I'm afraid now to believe that something is going to work out. Yet, as my husband said this morning, this is not some HYIP program but a global event taking place in the "real" world.

I'm sure to the people of Iraq just a few years ago, the idea that Saddam would be overthrown and on trial for his life, and his murderous sons dead, and a FREELY elected government in place...would seem "too good to be true."
But here we are.

As for the dinars...just maybe...maybe....!!!!!


Caroline

Hey again everyone! I think there has been more posts today than there has been in a week LOL. I just checked this thread less than an hour ago and already there are 2 new pages of posts LOL.

I have a question that i'm not sure has been asked before or not. Perhaps someone can shed some light for me.

Lets say the dinar is pegged at 1:1 around Labor Day like Adster has suggested. Can anyone give me their opinion as to HOW LONG it would stay at 1:1? Is there any chance that the dinar will be revalued at 1:1 then drop back down to less than $1 a few days later or something? Or will the dinar just keep going up and up for a few weeks or what?

I was under the impression that the dinar will be revalued.....then it will hit it's highest point and then come crashing back down to a 'normal' level once the masses of people start selling all of their dinars. (Most people buy low, sell high right?) Does any of this make sense to anyone? I just basically want to know how much time I will have to hurry and sell my dinar at a possible 1:1 rate OR if it will continue to climb so I can hold onto some and wait for a higher rate.

Anyway, I think I'm gonna follow some of you and head outdoors for a couple of beers. Not too sunny today but at least it's not raining again LOL. Cheers all.

Rob

Originally Posted by robmccallum01

Hey again everyone! I think there has been more posts today than there has been in a week LOL. I just checked this thread less than an hour ago and already there are 2 new pages of posts LOL.

I have a question that i'm not sure has been asked before or not. Perhaps someone can shed some light for me.

Lets say the dinar is pegged at 1:1 around Labor Day like Adster has suggested. Can anyone give me their opinion as to HOW LONG it would stay at 1:1? Is there any chance that the dinar will be revalued at 1:1 then drop back down to less than $1 a few days later or something? Or will the dinar just keep going up and up for a few weeks or what?

I was under the impression that the dinar will be revalued.....then it will hit it's highest point and then come crashing back down to a 'normal' level once the masses of people start selling all of their dinars. (Most people buy low, sell high right?) Does any of this make sense to anyone? I just basically want to know how much time I will have to hurry and sell my dinar at a possible 1:1 rate OR if it will continue to climb so I can hold onto some and wait for a higher rate.

Anyway, I think I'm gonna follow some of you and head outdoors for a couple of beers. Not too sunny today but at least it's not raining again LOL. Cheers all.

Rob

Rob,

I believe the dinar will hold for a while once it revals. A lot will depend on surrounding areas like Iran and Syria but it will stay at 1 to 1 for a few months for sure. In time once security is in place and foreign investors pile money into the ISX the dinar will rise to $2 and even $3 over the next year or 2.

At 1 to 1 I'll probably cash half of mine and hold onto the rest. :0)

Enjoy your beers! We did!