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

I have been reading some of the other (brand X) forums. It seems many are having a hard time buying dinar from banks that they did so in the past and that they are only getting 25000 notes. This includes Chase Banks. Interesting Hmmm.

Originally Posted by Wm.Knowles

I have been reading some of the other (brand X) forums. It seems many are having a hard time buying dinar from banks that they did so in the past and that they are only getting 25000 notes. This includes Chase Banks. Interesting Hmmm.

I have purchased quite a bit from Chase and have only received 25,000 notes although I always request small notes. I started purchasing from them in October. I just purchased 1 million yesterday and they just called to say it was there for me to pick up. It was hard to find a branch here in the Phoenix area that would sell though.

Originally Posted by smcquiller1

Just a rumor from another forum, just want to verify the validity of this person. They are messing with our "RV hope" for this weekend that's all.

I think you should just share it. We can decide if it is true or NOT

Originally Posted by Elfwizard

20k per million sounds about right. How many you want?

How do you square your quote of a $.02 conversion/rv'd rate or, in other words, an approximately twenty-five-fold increase, with your many prior
phophecies of doom for this speculation?

Originally Posted by lndmn_01

I think you should just share it. We can decide if it is true or NOT

There is also such a think as a little respected privacy. Don't scare this person into silence.

Originally Posted by MrsCK

OK so this is a member of aol and their view stated in this htm document they made?
members.aol. com/dinartime/no_fils.htm

An Iraqi Dinar by Any Other Name Will Have the Same Value


For this purpose, presently a dinar is a unit of Iraqi currency in its lowest denominational form to which there is NO physical of factual evidence of a smaller sub-unit comprising the dinar will exist. Regardless of other countries sub-units “fil”, “rial”, “baisa”, “hallalah”, “millieme”, “piaster”, “dirham” ect.. from other mid east countries economies, it cannot dispel that the Iraqi dinar regardless being note or coin is just that…the lowest monetary unit of currency.

Our DOLLAR is a dollar because of the lowest sub-unit of currency that makes up that dollar, which is the “cent” aka “penny”. Without the cent, the nickel, dime, quarter, half dollar cease to exist and the lowest monetary unit then becomes “the dollar”. Nothing prevents us from calling it a dollar, BUT in reality…..It now reigns as the lowest unit, (ie “the penny”)

In comparison, the dinar is no different, without sub-units (fils) it means the simplest unit of currency (a dinar) is relative to the lowest unit which it is constructed.

Up until the point when fils are introduced, the lowest unit of currency will always remain the Iraqi dinar.

From the implementation of the NID it was a FACT according to early IMF projections that the dinar reserves would exceed 14 to 16 (or greater) trillion dinar. So,….. without any feasible way to economically support fil based currency through the central banks dollar backing, a fil foundation idea becomes moot and we must now discount the dinar as the single base unit of currency, so that, we can then say that there are 14 to 16 (or greater) trillion units.


Once again we turn to Kuwait as a comparison. (but any country that has sub-unit values will do). As of January (2006) the base money supply for Kuwait was 14524.7 million KD (source: Central Bank of Kuwait ). This amounts to fourteen billion five hundred twenty four million, seven hundred thousand Kuwaiti dinar. (14,524,700,000). Yes… billions are a long way from the trillions that Iraq has. But as I said earlier Iraq’s money supply is calculated in units. So with using the Kuwaiti reserve number and multiplying this by the number of sub-units in a Kuwaiti dinar (called Kuwaiti fils, which are a circulated currency and having 1000 fils to 1 Kuwaiti dinar) we get 14,524,700,000 X 1000 equaling 14.5247 TRILLION units of currency. Either way, it holds the same Kuwait bank reserve value of 14524.7 million KD.


The Iraqi trillions of “so called dinar” now becomes a more acceptable number.


So In short…..”a dinar is NOT a dinar, without a fil”

It is irrelevant as to the denominational tree structure that the Iraqi economy uses ie (25,000, 10,000, 5,000, 1,000, 500, 250, 100, 50, 25) OR (20, 10, 5, 2, 1, ½, ¼, plus fils) the MOST significant fact is that they keep the proportionate “high/low” value between their currency and that of outside countries currencies.

IN my opinion this is nothing new ......many feel the key to a RV worth cashing in depends on small notes and or fils.

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Maliki is a committee to negotiate with parliamentary blocs on the
The cabinet reshuffle includes 6 of the coalition and 3 of the consensus. It declares in two weeks




..
Jordan's Prime Minister Nuri al-Maliki committee to negotiate with parliamentary blocs participating in the government for the purpose of a cabinet reshuffle expected. Sources close to Maliki said he intends to conduct a cabinet reshuffle within the next two weeks. The sources added that the amendment would include twelve ministers who are mostly service ministries

For his part, member of the House of Representatives from the United Iraqi Alliance bloc Abbas Bayati, the Committee would inform the parliamentary blocs of ministers who Sitoham change as 49/9. nominate three new names. Al-Bayati added that the cabinet reshuffle will be before winter recess of the House of Representatives, which is hoped to begin within the next two weeks, he said, pointing out that the United Iraqi Alliance to form a tripartite committee looking within the coalition alia Minister also negotiate with other blocs on the remaining Cabinet. He declared : that the coalition would change the six ministers who are mostly service ministries in order to activate the service reality in Iraq.

The Al-Bayati said that the cabinet reshuffle will take two forms the first is the exchange of portfolios between blocs and the second is to address all directions of the Ministry of the unit. He said : All the parliamentary blocs willingness and cooperation of the change after the agreement between the Prime Minister and the heads of parliamentary blocs.

It formed the Iraqi Accord Front is the other committee to follow the cabinet reshuffle with the committee set up by al-Maliki.

He said the member of the House of d Accord Front. Abdel Karim al-Samarra'i said the Front, a committee was formed to follow up the cabinet reshuffle expected duty to negotiate with the committee formed by the rest of the parliamentary blocs and follow up the work of the committee set up by al-Maliki. He added Samurai deal in a positive way with the cabinet reshuffle. Pointing out that the demands of the Accord Front undisclosed Samurai, announced the reservation of his bloc to a number of ministers.

.For his part, member of the House of Representatives called on the Kurdistan Alliance d. Mahmoud Othman hurried to a cabinet reshuffle. Othman said that the cabinet reshuffle is now necessary to improve government performance and the right step forward. He pointed out that the Kurdistan Alliance had no intention to change any of his ministers. He said : "If this request Maliki have no objection and we will help al-Maliki in a cabinet reshuffle.

For his part, hinted member of the House of Representatives from the Iraqi Accord Front d. Omar Abdel-Sattar, the presence of some notes to the Minister of Culture, Asaad Hashmi to the Prime Minister and the United Iraqi Alliance bloc, as well as the presence of the remarks of the State Minister for Women's Affairs from inside the Iraqi Accord Front.

He Abdul Sattar Iraqi Accord Front ready to listen to all the comments on both Minister of the Prime Minister or the rest of the bloc.

.It was informed sources close to the Accord Front that the Front will replace the Ministry of Culture and the Ministry of Justice has yet to be agreed on the nomination of the two ministers, who would serve two portfolios.

The same sources added that the Front is determined to change and Defense Minister Abdul Qader Mohammed Jassim pretext of inefficiency and delay in decision-making, and pointed out that almost happened agreement with the parties concerned to change the Deputy Prime Minister for security and services Sallam Zakam Alzobai.
(المدى)(Long)

Originally Posted by Wm.Knowles

This is a higher estimate of their (CBI) currency reserves. Lately, we heard of 14 billion, a couple of months ago it was 12B. So these numbers are going in our favor. Also that gold is in place to back the dinar. Interesting Hmmm.
Just how much money do these people really have? We might not ever know until its all over, their currency has the management,(CBI), the plan and the hard currency (USD), gold, and oil income to make this currency a lot more expensive. Thank You.

Will the PEG be to a basket of Gold-Oil & €??? thats the quest;-)

fui - The Exchange Rate for the Cayman Dollar (KYD) to the USD is 1.227 - in other words, as I understand it, your U.S. Dollar is worth .77c usd approximately.

We were down there a few years ago via a cruise and my husband bought a gorgeous gold bracelet for Christmas - and our dollar was worth about .75c at that time.

Good thing we'll all be FILTY RICH WHEN WE GET THERE!!!!!!!!!

Originally Posted by Ranger III

How do you square your quote of a $.02 conversion/rv'd rate or, in other words, an approximately twenty-five-fold increase, with your many prior
phophecies of doom for this speculation?

DOOM? What are you talking about? I have said many times we will all make THOUSANDS. not millions. At .02 I don't think they will need to print new denominations. You an't just raise the value one day by 150,000% percent. A slow steady rise is key, gives everyone time to adjust prices.

.02 by next year. Just a guess.