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

Originally Posted by funwit

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UMB is less than 2 miles from me.. I will be opening an account there tomorrow..Thanks

Do you know if you have to have an account with them to cash out?
Thanks

Everyone keeps harping on how much dinar is in circulation. Guess what, IT DOESN"T MATTER!!!!! A person in the oil industry stated that Iraq will be making a 100 MILLION USD a DAY on oil sales within 3 years!!!! Oh, did I forget to mention natural gas, agriculture, fresh water, etc. The big investors (you know the one's who decides everything) want to make a killing on this one and by george I think their gonna do it.

Originally Posted by cigarman

Everyone keeps harping on how much dinar is in circulation. Guess what, IT DOESN"T MATTER!!!!! A person in the oil industry stated that Iraq will be making a 100 MILLION USD a DAY on oil sales within 3 years!!!! Oh, did I forget to mention natural gas, agriculture, fresh water, etc. The big investors (you know the one's who decides everything) want to make a killing on this one and by george I think their gonna do it.

that is two of us makin a killin, do i hear three???

everybody keeps talkin about the world changing into a new world order etc. so what is so freaky about people making millions of dollars in an instant? you are about to see rich people becoming mega rich and raising the standard higher so in reality even we wont look like we are that wealthy. i think this is the start of even stranger things to come!!!

27 October 2006 (Al Arab Online)

Iraqi oil officials say they are losing 400,000 barrels a day to attacks on the oil infrastructure in the increasingly violent country.

Hussain al-Shahristani, Iraq's oil minister, said Tuesday attacks on the pipeline from Kirkuk to ports in Turkey are greatly hampering the country's main source of revenue.

About 96 percent of Iraq's budget comes from oil revenue, Washington-based PFC Energy reports.

But Kirkuk itself, which sits on an estimated 11 billion barrels of oil, is highly contested by the Kurds in the north who claim it as a historical city and Sunnis in the center who have no other source of oil income if the country is divided into three parts.

Meanwhile the Kurdistan Regional Government has threatened to secede from Iraq if the central government doesn't recognize oil contracts it has signed for developing fields in the region.

It claims the right to and cites the vaguely worded constitution.

Shahristani, however, said the central government doesn't need to respect the deals and an on-going feud is expected to continue for the foreseeable future.

Shahristani said he expects oil production to increase to 4.5 million barrels a day by 2010 and six million by 2012.

That's possible, experts believe, with increased investment in an oil infrastructure rocked by attacks.

Current oil production is at about 2.4 million barrels a day, most analysts say, below pre-war levels and far below the 2.89 million barrels a day Shahristani said last week was being produced.

Iraq has an estimated 115 billion barrels in proven reserves but it hasn't been fully explored and reserves could drastically increase.

Iraq losing 400,000 barrels of oil a day | Iraq Updates

Originally Posted by ronbo

Do you know if you have to have an account with them to cash out?
Thanks

i just know at UMB you must have an account to purchase from them. nothing was said about cashing out with them if you don't have an account. does anyone know? and has anyone asked if at other UMB's about a 3 week waiting period?

Iraq has an estimated 115 billion barrels in proven reserves but it hasn't been fully explored and reserves could drastically increase

Yea, considering that's only 10% of known oil. Anybody's calculator have that many zeros? Laughing all the way to the bank.



Suzie, can I get a WOOOOOT

Originally Posted by cigarman

Iraq has an estimated 115 billion barrels in proven reserves but it hasn't been fully explored and reserves could drastically increase

Yea, considering that's only 10% of known oil. Anybody's calculator have that many zeros? Laughing all the way to the bank.



Suzie, can I get a WOOOOOT

WOoOoOoOoOoOoOTTTTT!!!

Originally Posted by warrior44

today i called bank of america to ask about exchanging iraqi dinar in kansas city missouri. they said that they don't buy or exchange iragi dinar although earlier this week i spoke to another person there that knew exactly what i was talking about and today i spoke to someone else there and they had no clue. then later another branch of b of a called me back and said that they have refered others to united missouri bank, umb is where i have been purchasing my dinar, but they have a three week turn around time and the rate you take it in that day is not what you get, its when they finnally process your exchange, then on that day, that is the rate you'll receive. is it that b of a just may not be selling or exchanging in this area? does anyone know where you might be able to go for a quicker smoother turn around when you go to exchange dinar?

just bought 500,000 at chase bank in elkhart ind. ordered it on wed they said it may be in by fri..it was in on thursday! chase is the best ive heard of to buy it at this time

Originally Posted by Innkeeper1

just bought 500,000 at chase bank in elkhart ind. ordered it on wed they said it may be in by fri..it was in on thursday! chase is the best ive heard of to buy it at this time

thursday i order 275,000 more and received it today from UMB everytime i've ordered i've received it the next day. they think i'm crazy and said you'll have alot of wallpaper when your done. when it r/v's i'll have someone else doing my wallpapering.

Originally Posted by shotgunsusie

OMG! youre starting to mind-meld with me!!

$4.49