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

Originally Posted by goldraker

Very good job on putting this deal together!!!!!!!!!!

Great work!!!!!!!

This paragraph always excites me, ya know, the fake rate of 0.310 ID

I would to inform all the stockholders of Baghdad Bank that the report of the managing council 2004 was prepared according to the demands of Central Bank of Iraq to balance US dollar price to 0.310 ID instead of its real value (1460) ID per 1 US dollar, so, the report and general budget do not necessarily reflect the actual situation of Baghdad Bank and the volume of economical incoming indexes, so, this report was issued in order to meet the demands of the rules and instructions.

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That's 1/3 dinar to a dollar or over a $3 USD rate.

Susie, Wanna play hangman? W_ _ _ !

Can someone post a link where it says that BofA will only buy and sell dinar to civilians when it is an international traded currency, otherwise can we put this to rest. So that if it is true that BofA is buying and selling, that they are just another place to buy and sell, and not make this such a big deal in the R/V proccess, there are hundreds of posts on this subject that say the same thing over and over..

the 10K handout delay, makes sense I guess, but what about the FIL, I thought that it was mandatory after 30 days it would take effect? Why is there nothing anywhere on this?

Has anyone emailed warka asking about this?

Originally Posted by DayDream

js...Ever since the article talking about returning the dinar to the Yazzman rate, I've done alot of research on it. During Saddams rule the "bigheads" on the street basically controlled what the exchange would be, the "black market" rate. When the CBI took over with the bank auctions, the "bigheads" said that they would NOT acknowledge any rate the banks came up with. In the article it seems that they believe thats the best way to go, since the men on the street are the ones who are REALLY controlling the going rate of the dinar. The last known "black market" rate PRIOR to the CBI auctions that I could find was in late 1989, the official exchange rate was 0.31 dinar for US$1. The black market rate was reported as being five to six times (1.86 dinars for US$1) higher than the official rate. Hence my signature of $1.86. I may be wrong but I still feel they will base it on (return to) the "black market" rate...whatever that may be. As I said the 1.86 is the last rate I could find, it could be different...but I feel strongly it will be HIGH. Only time will tell.

Just one link that explains more about the "bigheads"

:: The Independent Voice of Iraq :: IRAQ TODAY ::


Cheers!
DayDream

Hi Daydream, I agree with you. Every industry in the world needs oil and gasoline to function. I feel the Iraqis have more power over the value of their currency than they realize. If they would just wake up and smell the roses. If they revalued their currency at a high rate, it would solve their insurgency problems. After all, if you have a nice home, car or business your not going to let the thugs down the street have a chance to ruin it for you. So what do you do? You turn them in! Democracy will work for them if they would just get their shiite together and start working for the people and stop worrying about who's stepping on their toes. I'm sorry, I guess I'm ranting. Anyways I just wanted to say that I agree that it should be a high revalue, anything less than a $1.40 would be foolish.

Originally Posted by mike brown

the 10K handout delay, makes sense I guess, but what about the FIL, I thought that it was mandatory after 30 days it would take effect? Why is there nothing anywhere on this?

Has anyone emailed warka asking about this?

ya, this is bothering the @#%^ outta me too...

I just think they are tired of fighting the street guys over the rate. You know the old saying...."If you can't beat 'em...join 'em"

Cheers!
DayDream

Originally Posted by neno

Thank You ccgideon.

I purchase my dinar from the Scotia Bank here in Canada, they in turn purchase it from BoA.....fyi ...maybe they just wholesale...

Originally Posted by AlwaysDreaming

From Stephanie at IIF:

I would have posted earlier but experienced an Internet outage since I returned home this evening.

Sales of Iraqi Dinar did not start at our branch today, nor did anyone approach me or other tellers nearby requesting to purchase Iraqi Dinar (I had my ears open for those words). However while making a sale of a different currency I did check to see if IQD was listed and it was not. Another teller with whom I work and who is invested in dinar asked our supervisor why it was not listed as we were told in a policy meeting two weeks prior that it would and her exact words were "I don't know and it doesn't matter, sometimes things change, maybe tomorrow." I'm not counting on it, I've seen too many false start runners in this investment, (if I can still call it an investment). IMO It will happen when it happens, if it happens.
Anyhow there is the update to the question if BOA is selling or not. Since they are not and if this thread is kept open it should probably be moved back to rumors/speculation whence it came.
The dinar and our anticipation of a revaluation is an addiction that is certainly taking up too much of my time so I'm going to just leave the little bit of dinar I have held onto in my safe and when my child starts school in a few years I'll check it then. If it happens sooner I am sure we will all hear the news, including those who don't know about dinar. If something happens at my branch that is worth bringing to the forum I will be certain to bring it, after it's fact. Please do not PM me asking if I have updates as I do not have the time to answer individual PM's. God bless the mods, readers/posters who stay glued to this forum day after day for I know how hard it is to stay away but believe doing so is the wisest choice.


Good luck to all of you, now let me run for cover.

Steph you move from one side of the road to the other like a drunken sailor. One of my crewmates was once harressed by the police in Vancouver because he was using the whole sidewald, one side to the other after six weeks on a boat in rough weather. It seems that what you predicted is coming true and now you are backing off. Sit back and enjoy the ride. It seems to be picking up speed.

Originally Posted by Nomrah I

One can go to iraqigovernement.org and read the article there. I don't think it is an old article as it mentions Sept. 2006

Thanks Nomrah, Mike and Cig, I got blinded by the 2004 thing and missed the obvious good stuff.

/// EDIT, nevermind