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

Originally Posted by Mike

Even though it may be ancient history, does NOT mean it's not valid. Many, if not all, the facts are legit and valid there.

Sorry to disagree, but nothing written two years ago is valid today in Iraq. If you can find even one factor that has not changed, then I would agree, but for any of it to be valid would mean nothing has changed, and that simply is not the case. Technically, it was not even valid two years ago as they were just opinions of situation at time. Valid information has to be current information as things are advancing quickly in Iraq.

Good luck to all, Mike

Originally Posted by Mike

http://www.iraqi-dinar.org/exporting-iraqi-dinar.php
http://www.iraqi-dinar.org/

That is one of the sites where I read this on

Mike,
If you don't feel comfortable with buying dinars, then don't. But I checked out the site you listed above, and although it does seem to have some credibility, I also noticed that there were many ads to click on to buy dinar.

Originally Posted by choochie

Mike,
If you don't feel comfortable with buying dinars, then don't. But I checked out the site you listed above, and although it does seem to have some credibility, I also noticed that there were many ads to click on to buy dinar.

Hey All

That site also wants you to buy an Ebook on the Dinar. Imagine that. But there is some validity to only being able to exchange the Dinars in Iraq. Here is from the official website of the Coalition Provisional Authority (CPA) I cant say I understand exactly what is being said here except for the last question and answer is pretty clear cut. You will only be able to exchange the Dinar within Iraq! (does this mean you have to go to Iraq to exchange them? or open a bank account? And if so how would you desposit in a US bank?)


What are opinions on this???




http://www.cpa-iraq.org/budget/IraqC...Exchange.html#



Will the new currency be convertible into other currencies?



Yes. The new currency will be convertible into other currencies at the market exchange rate that prevails at that time.



Can dollars also be exchanged for new Iraqi dinars? What will be the conversion rate for dollars?



Dollars will not be converted directly into new dinars during the official exchange. Following the exchange, dollars will be convertible directly into new dinars at the market exchange rate. New dinars will also be convertible into dollars as well as other currencies at the market exchange rate.



Will it be possible to exchange currency outside of Iraq?



No. The only official currency exchange locations will be located within Iraq.






.

Originally Posted by Pippyman

Hey All

That site also wants you to buy an Ebook on the Dinar. Imagine that. But there is some validity to only being able to exchange the Dinars in Iraq. Here is from the official website of the Coalition Provisional Authority (CPA) I cant say I understand exactly what is being said here except for the last question and answer is pretty clear cut. You will only be able to exchange the Dinar within Iraq! (does this mean you have to go to Iraq to exchange them? or open a bank account? And if so how would you desposit in a US bank?)


What are opinions on this???




http://www.cpa-iraq.org/budget/IraqC...Exchange.html#



Will the new currency be convertible into other currencies?



Yes. The new currency will be convertible into other currencies at the market exchange rate that prevails at that time.



Can dollars also be exchanged for new Iraqi dinars? What will be the conversion rate for dollars?



Dollars will not be converted directly into new dinars during the official exchange. Following the exchange, dollars will be convertible directly into new dinars at the market exchange rate. New dinars will also be convertible into dollars as well as other currencies at the market exchange rate.



Will it be possible to exchange currency outside of Iraq?



No. The only official currency exchange locations will be located within Iraq.






.

Pippyman,
If you read the top of that page, this is when they were exchanging the old dinars to the new dinars. This has nothing to do with exchanging the dinars we have now into dollars once it pegs.

Originally Posted by Mike

The adds are irrelevant. Ads are always there on almsot any site..

I just wanted to know how credible or true that info is.


And as for buying dinars, my intent here, if you had read my previous posts, was to show that no one should invest more than one can lose, as nothign is certain.

Mike,
I am sorry if I misunderstood your intentions. I agree that everyone should invest only what they can lose, and should come into any venture with their eyes wide open, but sadly some will not, and even though the warnings are out there they will still do what they want regardless.

Originally Posted by Mike

Yea, I mean everything is positive around here - in this topic and corresponding topics - that some people may automatically assume it's a definite good buy etc.

I just want people to know what they are getting theirselves into

Understood.

well all i can say is this...time will tell...i still think my investment in Iraq dinars will become reality way b4 pips is back and running...if at all....and as stated,i invested only what i could afford to lose...and nothing more..the same way i did with pips....even as it was tumbling down.....all i can say is go into it with open eyes...one day....maybe not as soon as we expect...but one day,the dinar will peg....and it will b a matter of time b4 we collect....and i have heard of banks in the U.S. that were buying and selling Iraqi dinars within the last 3 months....and the WORLD BANK is back and operating in Iraq again....these are positive signs in my opinion...no matter how unstable it is there now.....go dinars....Pat

Originally Posted by Mike

Being registered with US Treasury doesn't mean anything, as that is very easy to do , and does not indicate much about the business or entity.

Not true, have you seen registration forms? You have to disclose everything about your business, as well as principals, agents, addresses of each, SS#, DOB, and very stiff penalties for not allowing access to and keeping records, so read it for yourself.

http://www.irs.gov/pub/irs-pdf/ffc107.pdf

Originally Posted by bigopie

well all i can say is this...time will tell...i still think my investment in Iraq dinars will become reality way b4 pips is back and running...if at all....and as stated,i invested only what i could afford to lose...and nothing more..the same way i did with pips....even as it was tumbling down.....all i can say is go into it with open eyes...one day....maybe not as soon as we expect...but one day,the dinar will peg....and it will b a matter of time b4 we collect....and i have heard of banks in the U.S. that were buying and selling Iraqi dinars within the last 3 months....and the WORLD BANK is back and operating in Iraq again....these are positive signs in my opinion...no matter how unstable it is there now.....go dinars....Pat

Yes, banks in the USA and Canada have been selling and buying dinars.

Originally Posted by Offshore-Wealth.com

Not true, have you seen registration forms? You have to disclose everything about your business, as well as principals, agents, addresses of each, SS#, DOB, and very stiff penalties for not allowing access to and keeping records, so read it for yourself.

http://www.irs.gov/pub/irs-pdf/ffc107.pdf

Thanks for the insight Mike !!