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

Originally Posted by coolhand009

When will we see a update from CBI, today or early sunday?????

Check the CBI website at about 11PM tonight, Honolulu time. It should be updated by then.

Originally Posted by JLO's_Bubba

Just a little info. AlwaysDreaming and I went to our friendly Chase branch this morning to open an account. We already have our mortgage with them so it was no big deal. While we were talking to the manager, (never go lower then the manager) he made the comment that Dec 15th Chase is going to announce the purchase of a large well known bank. He said that it would be the largest bank purchase made. Another Dec 15th coincidence? By the way, Chase's minimum for a private banking account is now 10 million dollars.

WOOT come on reval

what do you get with a private banking account, besides the t-shirt with the chase logo?

Originally Posted by bluedangle

I lived in Hawaii for a couple of years a while ago and I loved it, but......
My next permanent destination after the RV is Belize

they have many nice islands for sale in belize, pretty reasonable if you ask me...

Islands for Sale, Real Estate, Private Islands

Does anyone know or has anyone heard of a minimum amount that the banks that are selling
dinar require you to purchase before they will do bussiness with someone?
Is it possible for someone to go into one of these banks and make a small purchase
of say 10 or 25 thousand dinar?

Thanks in advance.

Originally Posted by mike brown

what do you get with a private banking account, besides the t-shirt with the chase logo?

We were told that they take care of your money and pay your bills for you...ALL your financial needs!! I think you get free checks too!

Originally Posted by Socata 850

Originally Posted by Wm.Knowles
Thank you for your interest. When will the CBIs policy of not selling dinar effect the supply in the US. That will depend on how much Chase had on hand when this started. Also, we might not like to think about it, but there are people who will have sold their dinar. They (I know 2) may find themselves overextended, maybe broke. These individuals will probably not come up on rolclub and announce this. So it is reasonable that Chase is not only selling dinar, but they have bought it also. They will in turn have made a spread and will have dinar to sell to others. Old eceonomic law, behavior changes at different price levels. So some will/have sold cheaply. Thank You

I would not have thought this to be a possibility, but I can confirm that it has happened. I have a good friend in Honolulu that I introduced to the dinar in Feb '06. He has dealt mainly through SafeDinar, but recently he told me he bought some dinar at American Savings in Honolulu. On his second purchase at American Savings, to his surprise the teller not only took his order but was able to give him the dinars on the spot. In his previous purchase he was told that American Savings put in the order and they got their currency from Bank of America. However on this occasion, the teller told him they had some in stock because they had purchased some dinar from a customer two days prior and they still had the money on site. I feel badly for those that have to give up their dream or at least a part of it. It has been such a long road and to be this close and have to give up your "stash" would be very hard to do. The fact that it has gone from wall paper to actual currency where you can recover a good portion of your investment if you have to, is an amazing thing just in itself. Do whatever you have to do, sell furniture, cars, personal possessions, anything so you won't have to give up your dinars. You can always buy the stuff back after the reval. This is a once in a lifetime shot, and we are part of a very select few you are going to benefit from this unique moment in history. Hang in there !!

Well, now that American Savings in Hawaii has been spilled..I will confim that this is true. They have been selling/buying IQD for well over a year now. I was trying to save them from being inudated with phone calls so I never posted the actual bank name (because they've been so patient with my zillion questions) from the 1000's of fourm members wanting to confirm rumors. The reason they started exchanging IQD is because we have 5 military bases on Oahu alone and many of our service men and women were coming back from Iraq with IQD in hand (well, stuffed in their backpacks) and some of them actually sold them sometime after getting home because they needed the money. Now, that is sad that we don't pay them enough where they'd have to cash in their IQD! Well, anyway it was because of the demand that American Savings started doing this. I have personally talked with the international currency manager for American Savings asking for any updates and confirming/debunking rumors that have been posted about BofA etc. Way back when everyone was claiming BofA had nothing to do with the IQD, American Savings was getting all their supply from them and still are. They are serviced by a main Los Angeles Branch of BofA and have been for a long time. I previously posted it was the Chicago Branch which was my error.
Anyway, I recently checked about when this thing hits and exchanging how would they verify and they said that they would take in your IQD and give you a credit memo, but explain that the money would not be put into your account for a couple of days (until the authenticity was verified by Loomis/Fargo who services the Hawaii Banks and Vaults/Verifies/Transfers the currency, etc). I am a little concerned about letting my IQD out of sight so I will be checking with Loomis/Fargo if there is anyway to verify prior to going to the teller or have a currency expert notarize authenticity of the bills, etc. The banks do not have any machine that will verify on the spot--they all send it out. Any bills that were claimed counterfeit would be confiscated and you would get the notice. I don't like that system so I will find another way to verify. I guess I better get to working on that Monday morning the way things are moving along!! Will let you folks know what I find out. Aloha! DL Oh.... and a big OOGA OOGA MOOSHKA!! to you Susie

BTW, yes you do have to be a member to buy or sell IQD with them.

it seems as though anything $1.00 or more R/V, that 90% of the people on this forum will be cashing in?

but also seems to be that 90% or the people here believe that if their is an R/V of $1.00 or more that it will go to over $3.00 in the 2-3 years or sooner?

so will people be cashing in a small amount to cover things, or 100% cash out?

because if it goes up $1.00 a year over the next 2 years, thats 100% on your money.... tough to beat?

Farm Jiggggggggggg

Originally Posted by lewscrew

Does anyone know or has anyone heard of a minimum amount that the banks that are selling
dinar require you to purchase before they will do bussiness with someone?
Is it possible for someone to go into one of these banks and make a small purchase
of say 10 or 25 thousand dinar?

Thanks in advance.

I have purchased as small as $95.95 USD worth(125,000 NID's). But have sent several freinds to Chase banks to get what ever and have heard back from them that one exchanged as small as $20 USD worth. But they didnt have a account so that included the $5 charge. Hope that Helped.

Some more good news from Iraq. This has nothing to do with the Dinar. But i remember someone mentioning a few weeks ago the sad story of the conjoined twins from Sadr City.

King Abdullah of Saudi Arabia stepped in to help and paid for the them to be taken to Saudi Arabia where 60 medics have spent I think about 20 hours operating on them and have successfully separated them. They were conjoined in three places - God thats awful.

They are confident that the operation has been a success. Just saw this on the news.

Gosh! this good news just keeps on coming