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

Originally Posted by Wm.Knowles

As usual, you a great group of students. I like the discussion and the disagreements. My only purpose is as any college professor would want is get the debate on the table. Explore the possibilites and be prepared. Thank all of you.

hmmmm .....

Originally Posted by H2O_Lover

hmmmm .....

I would like to know does this mean that those of us with the 25 thousand dinar notes will be forsed to cash in and therefore be screwed??????????

What do you mean Donald?

Originally Posted by Wm.Knowles

As usual, you a great group of students. I like the discussion and the disagreements. My only purpose is as any college professor would want is get the debate on the table. Explore the possibilites and be prepared. Thank all of you.

I kinda figured you were an educational figure (professor). The way you write is so reminiscent. Always posing the question before you address it. Very cool.

Originally Posted by Wm.Knowles

As usual, you a great group of students. I like the discussion and the disagreements. My only purpose is as any college professor would want is get the debate on the table. Explore the possibilites and be prepared. Thank all of you.

I like a good debate - thanks.

Since you mentioned it in your last post i'll bring it up again. I think 0.05 would help the inflation problem but is not enough to keep the neighbours happy. Having said that, after a "small" RV and a freely traded currency, investing in Iraq would still be a bargain, imports would be cheaper and market forces would continue to be at work.

I don't pretend to know for sure what they're planning but am ready for the rollar coaster ride of emotions.

Originally Posted by donald1439

I would like to know does this mean that those of us with the 25 thousand dinar notes will be forsed to cash in and therefore be screwed??????????

I can't see that happening ever. They may pull them out of circulation but They must honor their worth if they are to have any credibility in the world market.

If I'm wrong the option then is to exchange your notes locally for lower iraqi denoms until you are ready to cash out. either way you won't lose.

Originally Posted by tiffany

What do you mean Donald?

Iam not sure,but from what i could understand that they would take the 25 notes off the market when they wanted at what rate they wanted.Please forgive me if i am wrong i am just a common man who is just looking for a brighter future for his family and dont pretend to be some wise investor as a matter of fact i am just learning how to use a computer in case u couldnt tell.

Originally Posted by donald1439

I would like to know does this mean that those of us with the 25 thousand dinar notes will be forsed to cash in and therefore be screwed??????????

A lot of us have 25K notes, in fact half my stash is in 25k's. I think we have to try and work out what they may be thinking, what is best for them, and what they are likely to do. I would like to try and bank my 25k notes in a bank outside of Iraq, say in Jordan......just in case this happens and they do recall on a low reval. I have a small amount in Warka but most of it is at home. I dont wish to burst anyones bubble here, but I can't see people walking around with 25K notes worth 25000 dollars. This is just my opinion.

Originally Posted by Dinar Duchess

A lot of us have 25K notes, in fact half my stash is in 25k's. I think we have to try and work out what they may be thinking, what is best for them, and what they are likely to do. I would like to try and bank my 25k notes in a bank outside of Iraq, say in Jordan......just in case this happens and they do recall on a low reval. I have a small amount in Warka but most of it is at home. I dont wish to burst anyones bubble here, but I can't see people walking around with 25K notes worth 25000 dollars. This is just my opinion.

How do you go about getting in warka and is it safe.

Originally Posted by wciappetta

I can't see that happening ever. They may pull them out of circulation but They must honor their worth if they are to have any credibility in the world market.

If I'm wrong the option then is to exchange your notes locally for lower iraqi denoms until you are ready to cash out. either way you won't lose.

Pulling them out of circulation is no different to recalling them on a low reval. they will honor their worth because they will have set the exchange rate.

You are right though, we will have the option to exchange them for lower denominations and we shouldnt lose out, but I do hope that the dinar can be exchanged everywhere by then, and that option will be easier to achieve because I don't think dinar dealers will want them back......