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

Thank You Adster
Maybe you could PM me your link please.

Originally Posted by Adster

This link is from the archives of the White House site. It gives a background to the Dinar, old and new and an overview of the future which is looking brighter and brighter in Iraq.

This link is more up to date and shows the progression made and how the huge debt Iraq had has been written off and how the IMF are looking to invest huge sums. This can only be a positive step for the countries currency.

http://www.jubileeiraq.org/blog/2005_09.html#000892

Things are happening.

Good to hear from you Pablo, wondered where you were!,

Just wait until this baby is released on the Forex market! What we have now is comparable to a major company before its initial public offering-- YES, it's valuable, but it's value is not being seen because there is no access to it. When it hits the Forex, speculators will increase by 1000x at LEAST, driving up its value to high heaven! Remember what happened to Google? They released the IPO at $80, a year later it floated to $300. Imagine if you had a chance to buy it BEFORE it opened at 80. . . to buy it from the inside @ less than $10. That's what we have now, people! (True, Iraq is not Google. But I'm talking the technicalities of private trading versus public.)

It will not be released on the Forex until there becomes a demand for it, and the CBI has the capability to support the Dinar. But on Thursday last week, Treasury Secretary John Snow and Minister Allawi called the Iraqi Dinar "sound and stable." And more and more banks are noting the demand, and starting to trade it on their own. That is all that is needed before its release on the Forex. (Remember what happened in Argentina. The bank released its currency publicly before it was stable, and that was a catastrophe.)

To answer your question Pablo, the revalue will be anytime from now until around 7th October. Hopefully on the early side of that timeline, since an earlier revalue will more effectively sway the vote on October 15th. As to how much? Who knows, some say .40 to 1.25 to the Dollar. But it could be lower for short period until it is released on the Forex, then as I stated above the sky is the limit!!

But we are in good hands Pablo/all. Things are happening behind the scenes that none of us could imagine. They are rebuilding a country. WHY? Because they have the second highest oil reserve in the world. WHY would the US and other countries write off so much debt? Remember, we only see the bad things in the news, like the bombings, why? Because bad news sells papers.

Oil=Money, and that's the key. ;0)

Adster I have been looking at this for some time now without taking action. I am just an ordinary person who knows nothing about exchange rates and currencies. I do want to buy Iraqi Dinars but am not sure if I will be able to exchange them later, where do I keep them after buying them? How long can I keep them? How do I confirm the authenticity of the notes when I have them? For instance, what things to loook for in an Iraqi Dinar or will I have some device to test their authenticity?
bedazzled

bedazzled,

The beauty is you don't need to know about Forex and trading etc. Yes the Dinars will be put on Forex once a value is given and it will be floated out at whatever price. Brokers etc will cream it in because they'll buy at say .40 and sell at say 1 dollar soon after.

Your average person on the street only has to buy them from the site, and yes they are authentic, have got some with me here now and there is a water mark down each note. You can buy devices to check if notes are fake or not. My sponsor whom I have full respect for and who made a killing on the Kuwaiti Dinar years ago has contacts with my referral links Company. They are the 'real thing'. The Banks will exchange currency for them, they have to once they're on the world stage and are a 'player' so to speak. 2 Western Banks have already confirmed after the Constitution they will exchange them. More will follow in time...

I won't tell you where mine are hidden, lol, but they are somewhere safe! I've just made another order myself. ;0)

Hi Adster,

I've been looking at this for a couple of weeks and I expect I'll buy some soon, but there's 2 things that worry me:

1 - If they got pegged at a rate of $1/1 Dinar then the 25,000 Dinar notes look ridiculous - it's like carrying around a $25,000 US bill!! The fact that these notes exist would imply that the rate would be less.

2 - The sites selling Dinars have to go to the trouble of going to Iraq and arranging for the money. Why not keep them for themselves once they've got it, rather than selling it for small potatoes now?

That said, I might have a punt of £50 or so which is about all I can afford at the moment!

Worth a punt then i reckon. For a $100 bucks, even if it never happens, if i ever run out of toilet paper i will have reserves..! Cheers for the opportunity though mate. You know what happened to my own little effort at doing something...

Wont do the MLM thing as my mates are going to see it as that and only that, and anything they see with MLM on it they run from. They are a lot more cynical than you or I. Cynical to the point of blindness unfortunately, and pips has severely dented my credibility with them.

The fact is it is something of an unknown, and can even be termed something of a gamble (but THATS INVESTMENT!), but as always, look at risk/reward. Risk is i have some funky new toilet paper, reward is .. pretty honking good. I recently had a load of shares in an australian energy company, and i got a letter telling me they had been deceiving the public, the portfolio is wiped out, i can try to recover the funds but may recover nothing and lose more. Such is investment and life, there are no certainties! At least it relieved me of one misconception regarding security in the ordinaries market!

My old dad didnt trust banks, kept all his money in tupperware in the cupboards... might have to bring back the family practise.. Its another egg to the basket...

As one american general once might have said before entering Iraq... "Once that cheque clears....were going in!"

nej,

Good questions matey, wondered the same myself!!

Ok, it won't be a case of you going to the bank and getting say dollars back there and then! They'll give you a cashiers cheque or pay it into your account there and then.

Yes the notes are big but I'm sure once it's pegged hopefully at 1:1 which would make people very wealthy they will phase the bigger notes out in time, but not before you've cashed your own in!!!

Thought long and hard about this investment, put 5 figures into p**s not had a bean, even a few quid in Plex. But because this is a 1 off, just thought if I hadn't got involved and it came off how gutted I'd have been for years to come!

The end of the day this money is so low in value it can't go down, lol. And in the words of a song in the 80's by a pop group called Yazz, 'The only way is up'!! :0)

I'de like to buy some! Would you let me know what cashiers check/money order option entails? I don't use e- currencies. I live in the UK?

Please PM me with details?

I think that buying dinars might be a good opportunity in the very long-term, it all depends on the stability of the iraqi economy and government and if the Iraq central bank opens the gate to free trading.
I suggest you read this anyway http://www.xe.com/iqd.htm

About the big notes...if i'm correct the U.S. had 100000$ notes at some point, maybe higher, but they stopped printing them.

Originally Posted by Adster

The Iraqi Dinar is due to be pegged any day now. The value the experts are predicting is anything from .40 to 1.25 to the dollar, it's current value is, 0.001 to the dollar! That's right, 1 million dinars will cost you $860, work it out for yourself, this will be worth $400k and you will be able to exchange them in any bank dealing with currency exchange.

Hello Adster,

I have one simple question. If this info is correct then why on earth are they selling istead of keeping those dinars for themselfs ?
If I had dinars and I know this then I certainly wouldn't sell.

take care

jakvp