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

This is the kind of crap I'm talking about from other forums




Exclamation This just in!
Reprint coming October 09, 2006 with a .68 RV then it will float. One of my business associates heard this from someone at the NYSE! It was also mentioned on TV. So it will be .68 on the dinar. So you will have to exchange first @ 1,000 to 1! So you will give them 1,000 dinar then they will give you a 1 dinar note. Which will then be worth .68 to 1 USAD. So as of now your 1,000,000 dinars are going to be worth $ 680.00 in the new new currency! So in the end with the float we may see the dinar go to 2 to 3 dollars in 5 years. So actually we may be able to double the funds invested! What a great deal after all! I believe he said it would be a 6 week exchange period too!

Peace Out!

Good luck to all!!!!!!!!!!!

WOW!! when did I become a member? I got promoted!!!

Here we are Aug 14th we now know the fil has been passed, and I believe the r/v is done and they just need to make it public. :)

Originally Posted by jsfletcher

This is the kind of crap I'm talking about from other forums




Exclamation This just in!
Reprint coming October 09, 2006 with a .68 RV then it will float. One of my business associates heard this from someone at the NYSE! It was also mentioned on TV. So it will be .68 on the dinar. So you will have to exchange first @ 1,000 to 1! So you will give them 1,000 dinar then they will give you a 1 dinar note. Which will then be worth .68 to 1 USAD. So as of now your 1,000,000 dinars are going to be worth $ 680.00 in the new new currency! So in the end with the float we may see the dinar go to 2 to 3 dollars in 5 years. So actually we may be able to double the funds invested! What a great deal after all! I believe he said it would be a 6 week exchange period too!

Peace Out!

Good luck to all!!!!!!!!!!!

This came from a jerk on talkcrap. Nuff said.

I just went to the Bank of Nova Scotia and purchased another amount and something is definitely happening. I purchased my first two lots at .00006788 and now I had to buy at 0.0008726..... what do you think?? I am just enjoying all the input from everyone .... you are such interesting people.... hi Mike.... hope all is well.

Originally Posted by jsfletcher

This is the kind of crap I'm talking about from other forums




Exclamation This just in!
Reprint coming October 09, 2006 with a .68 RV then it will float. One of my business associates heard this from someone at the NYSE! It was also mentioned on TV. So it will be .68 on the dinar. So you will have to exchange first @ 1,000 to 1! So you will give them 1,000 dinar then they will give you a 1 dinar note. Which will then be worth .68 to 1 USAD. So as of now your 1,000,000 dinars are going to be worth $ 680.00 in the new new currency! So in the end with the float we may see the dinar go to 2 to 3 dollars in 5 years. So actually we may be able to double the funds invested! What a great deal after all! I believe he said it would be a 6 week exchange period too!

Peace Out!

Good luck to all!!!!!!!!!!!

He also forget to mention that the exchange MUST be conducted on IRAQI soil!! LMFAO!!

Hey Fletch one of the great things about holding dinar is that there is NO argument against a revaluation. It HAS to be revalued.. the only questions are WHEN and at WHAT LEVEL..

That is why all the various posts by people who claim "inside information" cause the emotional roller coaster...

We are all sitting in either nice position, a wonderful position or a FABULOUS position.. Its not a matter of there being any BAD. just a matter of how GOOD it is..

Its getting closer and closer.. and soon.. DinARGASM ! Hope its soon!!

RF

I don't think this is a probable scenario...because the reval will NOT have any bearing on the locals (except in the long run; better prices, supplies etc).
Because for WHAT would the locals exchange their dinars?
I don't know where you live, but say you are in the USA. When the dollar revaluates (which it does now and then because it is floating), you don't go and exchange it...You COULD exchange for another currency of course, but couln't use that in the US...so eventually you would have to exchange it back to dollars - and pay the higher price for them.
So a reval is really only good for people who exchange it for OTHER currencies...
/Karin
Ps. Anybody - correct me if I am wrong!

Originally Posted by worf

With all of the buzz flying around here these days, do you think it is possible for them to start the float/peg by the end of this month by announcing it but not allow anyone outside of Iraq to cash in until they offically open on the international (forex) market? That way they could get the reval started without having to pay anyone much right away.(other than the locals)

By doing this they might hope to lure foreign investors into Iraq without having to pay them any "big money" right away then at a later date say in Sept or Oct then put the dinar on the international market and allow it to float to it's proper value. If they started low and made available to only the locals, they could hope to flush out a substantial amout of dinars early on a greatly reduced price. But since the reval would likely be much higher than it is currently, the local Iraqis would benefit. Then later try and handle the probable rush by the international investors/speculators. I hope they don't do it that way but it might make some sense to them to do it this way. :)

worf

Originally Posted by RealFortunes

Hey Fletch one of the great things about holding dinar is that there is NO argument against a revaluation. It HAS to be revalued.. the only questions are WHEN and at WHAT LEVEL..

That is why all the various posts by people who claim "inside information" cause the emotional roller coaster...

We are all sitting in either nice position, a wonderful position or a FABULOUS position.. Its not a matter of there being any BAD. just a matter of how GOOD it is..

Its getting closer and closer.. and soon.. DinARGASM ! Hope its soon!!

RF

Good post RF. I agree! Just believe!

Agreed, the only thing that can fail us is a full blown civil war. I've heard Iran are putting as many spanners in the r/v as possible and has delayed it thus far and they're doing a good job. Last thing they want is the US to pay for the war with a revalued dinar/get rich off Iraq's back.

I have faith it will be worked out. The IMF will come down hard on Shabibi if he doesn't sort out the inflation level. He knows that. A r/v is the answer.