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

I was charged $782.50 per million, +$5.00 exchange fee since I do not have a Chase account.

IZDIHAR News Highlights

Originally Posted by jsfletcher

Hello, fellow Denverinian

Howdy,

You must be the SouthDenverinian?
I'm the WestDenverinian!

Originally Posted by CapeK

"Do you know the time frame the Kuwait dinar took to go from .10 to 3.00?
And was it an immediate revalue like we're hoping for?? Thanks"

I don't think it is wise to try to compare what happened to the value of the Kuwait Dinar to the situation in Iraq. Kuwait was a rich nation, with substantial reserves and a healthy infrastructure and economy prior to Saddam's invading the country and setting the Oil fields on fire. The markets lost faith in the currency during this period, same way the US markets began to nose dive after 9-11, although on a far greater scale. When the US drove Iraq out in the Gulf War, Kuwait returned to a stable Government, leadership and healthy, al beit damaged, economic structure. The Kuwaiti dinar returned to it's pre war level in a short period of time, and rightly so. The Kuwaiti Dinar is worth more like $3.47 today.

CapeK

I don't think it is wise to compare either. I was just asking a simple question.( to which I still have no answer)

Originally Posted by mike brown

what is the current buy rate?

Sorry, I think I misunderstood....I did not ask what Chase's buy rate was...Only wanted to get one last purchase in time for delivery before next Thursday.

ND

Take a look at this link in particular this.

ABC Country Book of Iraq - government Flag, Map, Economy, Geography, Climate, Natural Resources, Current Issues, International Agreements, Population, Social Statistics, Political System

Member of:

ABEDA, ACC, AFESD, AL, AMF, CAEU, CCC, ESCWA, FAO, G-19, G-77, IAEA, IBRD, ICAO, ICRM, IDA, IDB, IFAD, IFC, IFRCS, ILO, IMF, IMO, INMARSAT, INTELSAT, INTERPOL, IOC, ITU, NAM, OAPEC, OIC, OPEC, PCA, UN, UNCTAD, UNESCO, UNIDO, UPU, WFTU, WHO, WIPO, WMO, WTO

Originally Posted by jstreet

I don't think it is wise to compare either. I was just asking a simple question.( to which I still have no answer)

Sorry,

Really wasn't trying to be a smarty pants. Just did a quick search as I didn't know the answer to your question either. here is what I found:


Prior to Gulf War I, Kuwait's Dinar was traded at a rate of $3.55 (US Dollars) to 1 Kuwait Dinar. When Saddam invaded, the value dropped to $.06 (six pennies) to 1 Kuwait Dinar. those who KNEW to speculate and purchased, profited hugely when the price increased a year later to its Pre-war value!

CapeK

Originally Posted by CapeK

Sorry,

Really wasn't trying to be a smarty pants. Just did a quick search as I didn't know the answer to your question either. here is what I found:


Prior to Gulf War I, Kuwait's Dinar was traded at a rate of $3.55 (US Dollars) to 1 Kuwait Dinar. When Saddam invaded, the value dropped to $.06 (six pennies) to 1 Kuwait Dinar. those who KNEW to speculate and purchased, profited hugely when the price increased a year later to its Pre-war value!

CapeK

Thanks for the info!

Exchange rates:
New Iraqi dinars per US dollar - 1,475 (2005), 1,890 (second half, 2003), 0.3109 (2001)


Iraq Economy 2006 - Flags, Maps, Economy, Geography, Climate, Natural Resources, Current Issues, International Agreements, Population, Social Statistics

Can't dispute the Woot.

0.3109 (end of 2006)????

Fiscal year:
calendar year

NOTE: The information regarding Iraq on this page is re-published from the 2006 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Iraq Economy 2006 information contained here. All suggestions for corrections of any errors about Iraq Economy 2006 should be addressed to the CIA.

Has anyone verified whether BofA Is selling Dinar?
I need to purchase another 100,000 DINAR,
ASAP.
Just recieved a $500.00 dividend check . and want to increase my holdings of Dinar. Closest chase Bank is 35 miles away. Not that far for driving , but BofA is 5 Blocks away. and I have an account there. I am going there MONDAY AM but would like to know in advance if they are DEALING or not. Thanks BOB