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

what frightened you?

Originally Posted by Webster

That Elf person also posted in the shoutbox: "Anyone have proof the dinars are being taken out of circulation yet? Or is it still a rumor?".

Frightened the bejeebies out of me!

Yeah but what is his proof otherwise? Thats what I would like to know. He provided one article from a couple of years ago. That has nothing to do with the here and now. So how does this elf or anybody REALLY know what they are doing with the all those dinars? Somebody prove it either way. We have been discussing this for 4-5 days!

Originally Posted by Elfwizard

Anyone have proof yet that they are taking the Dinar out of circulation? Sounds like a big Rumor to me.

Don't have a link but here you go...

Voices of Iraq :-$ (economy)

Books : dhrgham on Tuesday, November 14, 2006-11:58 AM BT

The exchange rate depreciation of the dollar in a single
Dargham of Muhammad Ali
Baghdad - (Voices of Iraq)
Decreased demand for the dollar purchase auction in the Central Bank at a meeting today, Tuesday, recording 62 million and 540 thousand dollars against 110 million yesterday.
Such procurement requests today between 32 million and 910 thousand dollars in cash, and 29 million and 630 thousand dollars in the form of remittances outside the bank full coverage at the exchange rate is the lowest of dollars during more than a year reached 1460 dinars, , down five points from yesterday's meeting.
This is the largest decline in the exchange rate seen in the auction, one meeting has absolutely did not ask any of the 16 banks participating in the auction, offers to sell the dollar.
He said the Yasiri, owner of the banking News Agency (Voices of Iraq) Independent that the bank cut prices five points in an attempt to increase its sales of dollars in cash hand for the withdrawal of more liquidity in the local plan to reduce inflation, and not compel banks to sell the dollar for the bank in the auction, on the other hand, because that will give greater liquidity of the local market.

In other words they increased the value of the dinar to pull it from circulation and to stop the banks from selling Dollars for dinar reducing inflation... Inflation would not be reduce if they somehow put it right back in circulation...

HEADS UP on ebay 1993 1/4 dinar note item # 230052988660, also a 1993 1/2 dinar note 230043634188 and a 1992 1 dinar note # 230044815733 are these the old notes that they are going to reuse???

Originally Posted by lndmn_01

In other words they increased the value of the dinar to pull it from circulation and to stop the banks from selling Dollars for dinar reducing inflation... Inflation would not be reduce if they somehow put it right back in circulation...

Thank you!

Originally Posted by smillenace

HEADS UP on ebay 1993 1/4 dinar note item # 230052988660, also a 1993 1/2 dinar note 230043634188 and a 1992 1 dinar note # 230044815733 are these the old notes that they are going to reuse???

I doubt they'll use any old notes from Sadaam's era. Not going to happen. They are just selling trivia.

Originally Posted by Bigslick116

On Sunday I believe it was I said that there was a program on television that I found very intriguing regarding Iraq. It included an in depth interview with Qubad Talabany, representative of the Kurdistan Regional Government to the US. And also touched on some other issues. Anyhow here's the link Foreign Exchange with Fareed Zakaria | Where America Meets the World You will be directed to his main homepage then all you have to do is click on "This Weeks Show" at the top right of the screen.

Enjoy

Thanks. It was very interesting to watch, especially the Talabany interview.

Originally Posted by Elfwizard

Investing in Dinar is like penny stocks, The company either goes out of business and you lose it all, Or you Reap BIG rewards!!

Make no mistake this is no Guarentee. If you think so you wasted money you shouldnt have spent.

Yeah but I don't know of any "companys" that have the 2nd largest oil reserves on the planet...

Originally Posted by Frank Rizzo

Yeah but I don't know of any "companys" that have the 2nd largest oil reserves on the planet...

What about Venezuela? They have massive oil reserves, go check there currency.

Originally Posted by Elfwizard

3 years of watching, searching, reading news. Watching the CBI auctions for 3 years. Seeing all the rumors come and go for 3 years. Getting pumped up to fall again for 3 years. This is all Hype.

It will happen when it happens, If it happens


Speculation=Fancy word for Gambling!

I knew it was a gamble when I bought my 4 million, I figured Either I take a vacation to Vegas or I buy dinar. The dinar is like a slot machine that keeps going, hopefully someday it will stop on the Bars!!

and obviously its given you some exclusive right to gripe and be justified in doing it?? ive been reading all the articles for that long too and i dont piss and moan everytime a date comes and goes.

i havent seen articles released that even come close to the ones of the last 4 months. if youve been reading the same newspapers/radio/govt. sites i have for 3 years you would also be excited and not bemoaning a thing being said.

man, its about to revalue and youre missin out on the fun part!!