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

hey TIFF...i know what your dad is going thru...i have had 6 major surgeries on my knees....4 on the left...2 on the right....i have a new complete knee joint on the left knee....and a inner partial new joint on the right....i have been disabled for 4 years now.....so i can sympathize with him...i think its wonderful what u are doing for them....i am gonna surprise a few people myself when it pegs....lol....heres to the DINARS.....Pat

Hey again everyone! Hope all you dinar holders are doing great. I just got back from my bank where I purchased another batch of Dinars and was told I could go pick it up by Tuesday/Wednesday of next week. If it happens to get revalued before then, I just hope there are no greedy bank employees that happen to 'take' my dinars before I can pick them up especially seeing that I already paid for them LOL.

Oh and just for anyone interested.....I bought my dinars here in Canada (Ontario) from Scotiabank. I had asked the tellar out of curiosity where THEY get the dinars shipped in from and she told me from Bank of America. Interesting eh? I read somewhere that Scotiabank was getting the dinars from Thomas Cook (think it's a travel agency or something?) but I guess not. I just found it interesting (not in a bad way) that a Canadian Bank would get dinars shipped from an American Bank. I would have thought that if my bank would get them from anywhere, it would be from the source (Central Bank of Iraq). Just thought I would let you all know because obviously Bank of America sells the dinar if my bank is able to get my dinar from them.

I keep asking myself if this is really going to happen (revalue) because nobody in my family has ever had much more than $1K at one time. We have never really had much money and so it just all seems 'too good to be true' lol. I keep asking if someone like me can actually catch a break and be able to do something good with my money (dinars). Then I wonder if this is all just a big dream and that I'm going to wake up in the morning and I won't have any Dinars in hand lol. I want to believe Adster and Offshore and I certaintly think they know their stuff but there's just that darn tiny voice at the back of my head....yup, the negative voice....and it keeps telling me "forget it, your crazy to think something good will happen to you and your family" lol.

Okay, sorry for the much needed ramble. I think I got it all out of my system. Now I just need Adster or Offshore to get rid of that tiny voice in my head and let the positive voice take over with a bit of good news. Any recent news guys and gals??? Do you think that if there is a revalue between may 28th-June 1st that it will be on the news or what??

Thanks again everyone for listening to my crazy ramblings hahha. Cheers all...

Rob

Oh Please Rob! Everybody needs to ramble every now and then! I tend to do it a bit more than others though!

I have that voice too...but then all of the other voices gang up on it and squash it!

I also think quite often..."it can't happen to me! nothing good ever comes of these little adventures!" I'm the person that when I join a program...it closes or tanks two weeks later! Certain doom when I join!

This seems different though, you know? It's real, it's world news, and we have the $$ in our hot little hands! Plus it's happened before with the Kuwait currency. (which gained again yesterday, by the way!)

I was having my own little temper tantrum in another thread...but I'm all better now!

Best of luck to us!
Tiff

Comments please,

I just Bought 250,000NID more from safedinar just in time maybe to recieve it tommorrow. They have been in business selling dinar for over a year now. Since the Memorial Holiday is here for US week-end I might have to wait until Tuesday to recieve it.

I ask the Guy what if the indications are right and it moves like crazy over the week-end. He told me that once your order is in, it is on its way then it is yours . I got a better deal then before. But this time got the 5k Domenation. I had the 10k twice got 100,000NID but times for 115.00USD but this time got the 5k notes 250,000NID for 240.00USD postage and all. You guys and Adster kepp the details acoming.

Thank you for registering with the SAFEDinar.com Exchange Rate Notification Service. As a result, you will be sent email messages periodically to notify you that the Iraqi Dinar/U.S. Dollar exchange rate has changed.

According to the Iraqi Central Bank website (www.cbiraq.org) the exchange rate is currently:

1476*/Dinars to the US Dollar

* as of 5/25/2006 4:00:02 AM CST as per Central Bank of Iraq website

This e-mail is being sent to you as a service by SAFEDinar.com the safest place on the Internet to purchase Iraqi Dinar.

SAFEDinar.com

A friend of min who has recently bought dinars after me telling her about it, sent me this article...
I have askedher for a link but I think she is asleep now, but I thought I'd post it anyway.

To me it doesn't make much sense since even the BANKS (some banks) are selling them...but I guess I just want to have it confirmed that I shouldn't worry! Or rather, that SHE shouldn't worry!

This is what she sent me:


Iraqi Money
Iraqi officials state that it is illegal under Iraqi Law to export Iraqi Money (the new Iraqi currency). This statement was included in a letter we recently received from a bank (we asked for iraqi money investment information) 'you can not transfer any Iraqi Money out of Iraq because it is not allowed by the regulation of Iraqi Central Bank'.

There are some major risks associated with holding Iraqi Money outside of Iraq and this page dedicated to Iraqi Money provides some information you should consider!

It's not illegal to buy Iraqi Money provided it is not removed from Iraqi, so then, how do you buy Iraqi Money and do it legally? Read the information below and for complete details, see our Dinar eBook which explains how to legally buy Iraqi Money plus avoid the markup dealer's are charging!

Over the last year, the circumstances of the war in Iraq have created the phenomenon of businesses trading in new Iraqi Money. Many of these businesses advertise or conduct business over the Internet, and suggest that Iraqi Money, much like the Kuwaiti dinar following Operation Desert Storm, will increase in value exponentially following United States military involvement in Iraq. Most investors purchase dinars from websites established particularly for selling Iraqi Money or from major auction websites.

Iraqi Currency
FinCEN has been receiving inquiries regarding the legitimacy of websites offering Iraqi Money. While it is not necessarily illegal to buy or sell Iraqi money, there are a number of risks and compliance concerns for the financial community.

For example, Iraqi officials state that it is illegal under Iraqi law to export dinars. Therefore, in addition to questions about the source of the money, and the potential for investment or securities fraud, businesses offering to sell dinars may also pose the risk of being used to fund terrorism or as a vehicle for money laundering.

FinCEN also has a particular interest in these businesses because they may be money services businesses required to comply with the Bank Secrecy Act.

Any United States entity that buys or sells currency, including Iraqi Money (dinars), in amounts of more than $1,000 U.S. to any one person in one day may be a money services business under FinCEN's regulations at 31 C.F.R. Section 103.11(uu). [Note: there have been questions about the old dinar with Hussein's picture on it. That dinar ceased to be legal tender around January 15, 2004 and thus ceased to be currency for purposes of the Bank Secrecy Act.] Money services businesses include:

Money transmitters;
Currency Dealers or Exchangers (except those who do not exchange more than $1,000 in currency or monetary or other instruments for any person on any day in one or more transactions);
Check cashers (except those who do not cash checks in an amount greater than $1,000 in currency or monetary or other instruments for any person on any day in one or more transactions);
Issuers, sellers, or redeemers of traveler's checks, money orders, or stored value (except those who do not issue, sell or redeem such instruments in an amount greater than $1,000 in currency or monetary or other instruments for or from any person on any day in one or more transactions);
Iraqi Money Dealers
Money services businesses generally are required to register with FinCEN, to establish anti-money laundering programs, and to comply with recordkeeping and reporting requirements under the Bank Secrecy Act.

Websites selling Iraqi Money frequently claim that their businesses are registered with the Department of the Treasury. These assertions are not always accurate. Further, it may be difficult to discern from the money services business registration list on FinCEN's website (www.msb.gov) whether the business is in fact registered, particularly if the business is an affiliate of, or a "doing business as" alias for, the business that is registered.

Moreover, even if the business is registered with FinCEN, that registration does not guarantee that the business is in compliance with other Bank Secrecy Act requirements or with applicable state law. For these reasons, a financial institution that conducts business with entities selling Iraqi Moneys should conduct appropriate due diligence to assure itself of the legitimacy of such entities. All financial institutions that do business with, and potential customers of, such money services businesses, are reminded that registration with FinCEN in no way authenticates either the legitimacy of a business, or the compliance of the business with any federal, state, or local laws.

New Iraqi Money
An analysis of FinCEN's Suspicious Activity Report database for filings referencing Iraqi Money indicated suspicion of the use of Internet dealers of Iraqi Money in terrorist financing, although not all of the corresponding narratives provided clear or complete justification about the terrorist financing nature of the activity reported.

This serves as a potent illustration of the critical importance of a clear and complete narrative description when filing a Suspicious Activity Report. Particularly when terrorist financing is suspected, conclusory statements with no supporting facts or justification are of limited use to law enforcement in pursuing their investigations.

Further analysis of businesses engaged in selling Iraqi Money is ongoing. For instance, FinCEN analyzed Bank Secrecy Act data (including Suspicious Activity Reports, Currency Transaction Reports, and Reports of International Transportation of Currency or Monetary Instruments) involving the purchase of Iraqi Money to support a law enforcement initiative that uncovered an elaborate network of structured money movement by and to persons suspected or convicted of substantial fraud or other illicit international activities.

A portion of this information derived from the SAR Activity Review.




Karin

Haha, she wasn't asleep so she sent me the link:
http://www.iraqi-dinar.org/exporting-iraqi-dinar.php

K

Originally Posted by Caroline

I bought from SafeDinars just this week.

I placed an order Monday afternoon (before 5:00 pm eastern time), and FedEx delivered my dinars Tuesday (yesterday), less than 24 hours later. I had a money order ready.

This was the second time I've bought from SafeDinar. The first time everything went just as smoothly. Both times I received a tracking number (same day as I ordered, after 5:00) so I could track the movement through FedEx, but since they were so quick, it hardly mattered!


Caroline

Thanks for the info Caroline. They are very professional and it is on its way. I tried to reach Bank Of America but got home to late. You now Banking Hours. Below is what there confirmation looks like:

Thank you, XXXXX XXXXXX, your order details are below.

ORDER #: XXXXX

-----------------------------------------------------------------
5K NOTES
-----------------------------------------------------------------
QUANTITY: 250,000
# OF NOTES: 50
PRICE: $216.00

SHIPPING: $24.00

TOTAL: $240.00

ESTIMATED DELIVERY DATE: Monday, May 29, 2006

WHAT YOU NEED TO KNOW
If your order was placed before 5PM EST it will ship today and will arrive the next business day. Orders placed after 5 PM EST will ship the next business day. On the night that your order ships you will receive a 2nd e-mail which contains all of your FedEx tracking information.
Please check your junk or spam mailbox if you do not receive your tracking information.
Please remember: Payment must be made with a cashiers check or money order.
The check should be made out to: "SafeD".
In compliance with Patriot Act regulations additional information may be required on larger orders.
Once you receive your 2nd e-mail with your tracking number you may track your package by going to www.fedex.com.
Thank you for your order!

www.SafeDinar.com

Questions/Comments? Call customer service 877.723.3391 24 hours per day, 7 days per week.
First time large order customers are limited to deliveries of 5 Million Iraqi Dinar for your first shipment. Please contact us if you have any questions!
SafeDinar.com reserves the right to cancel and / or recall any order, at any time

I think that link is talking about something different. The way I see it is this: It can't be illegal to purchase Iraqi Dinar because as you said, BANKS are selling it. A bank would not sell currency that is 'illegal' for obvious reasons lol. Many people buy foreign currency for many different reasons...travel, collectors, or for long/short investment purposes. I just don't think that my bank would have allowed me to purchase an 'illegal' currency lol. Hope this helps.

Oh and Tiff, thanks for listening to my rambles LOL. We are not crazy I swear (oops did I say we? I mean I'M not crazy hahha) Anyhow, hope something happens this weekend. I am leaving early tomorrow morning to drive to Toronto for my GrandFather's funeral :(. It would really be nice to come home on Sunday to some good news. I hope some of you can keep the rest of my family in your prayers especially my father during this time. Thanks!

Rob

Looks like someone is buying up the Dinar

This is off the Central Bank of Iraqi's website

Announcement No.(689)

D.G. of Foreign Exchange Control

The 689 daily currency auction was held in the Central Bank of Iraq
Thursday 2006/5/ 25

so the results were as follows :

Details


Notes
Number of banks 15-----
Auction price selling dinar / US $1476-----
Auction price buying dinar / US $----------
Amount sold at auction price (US $)35.670.000-----
Amount purchased at Auction price (US $) -----
Total offers for buying (US $)35.670.000-----
Total offers for selling (US $)----------

1. Cash amounts sold to the bank and its customers were USD(32.670.000)at a rate of(1476+1+6=1483)IQD\USD .
2. The amount sold to make transfers abroad was USD (3.000.000) at a rate of (1476)+ one dinar as a bank fee and exempt the transferred amount from conversion fee.