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

Originally Posted by cigarman

Neno, I don't have his number either. Maybe Tiff or Flygirl will listen and update us.

I know flygirl and franny has it. Here for me it is 7:45pm I figure it has already started and that is why they are not here.

Also, you know they will update us. But since the pm function is down, "franny", will have to post.

That's alright Tiff, I'm sure it will get posted on one of the forums tonight.

Originally Posted by neno

Funny you say this,

I was also talking to some freinds out in Northern California today as they were calling asking for some updates on how to exchange. As we were going thru that, they were saying that the exchange offices and banks will need alittle dinar to get started for the ones cashing in under $10,000.00 at a time with a 25,000NID. Made perfect logic to me.

Also as I figure 100% of every one will be cashing in some if not all as soon as it r/v's that the Institutions will have plenty of dinar on Hand in a very short period of time.

I also figure if they are unable to make change the Dinar Holder will not have a problem with just taking the cash for all now instead of waitng for them to have change. What do you say to this?

This is exactly what I was thinking when I heard about a low r/v. Many people will feel like the ROI is great enough to cash out, and the bank gets some of the Dinar back in their vault.

Neno...cigarman...the whole "plane distribution" thing is blowing my mind right now....but HOW would something like that work out? Like, drop a pallet of dinars in the U.S. and another pallet in Europe? And then it's up to the country to distribute them among the banks?

...quick sidenote to Mike...it's Thursday night heading on 10:00! wink-wink!

Originally Posted by tiffany

Neno...cigarman...the whole "plane distribution" thing is blowing my mind right now....but HOW would something like that work out? Like, drop a pallet of dinars in the U.S. and another pallet in Europe? And then it's up to the country to distribute them among the banks?

...quick sidenote to Mike...it's Thursday night heading on 10:00! wink-wink!

Just my thought. I remember that the US has had 5 or 50 billion at a time deposited in the Federal Reserve at a time starting back in 2003. I remember reading this before. That was the last time I remember it mention. So saying that the US already has plenty dinar on hand for the Banks here in the US.

Also wanted to mention that this Radio Station I have been listening to....In stead of of my regular Classic Rock Stations., is KERA. I am sure you good folks have it to. In Dallas it is 90.1 FM I just wanted to pass it on casue they have intence Interviews with the Goverment Body and you can really hear between the Lines with this.

Just a thought when going down the road are just relaxing to some Jam. You can "Jam Later".

Has anyone else seen this? I know Adster has, at least his alter ego has...LOL just kidding Adster. This cam from another forum


dinar hawk
New Member

Join Date: Aug 2006
Posts: 4

Hello fellow investors. I spoke with my father today, and here is some additional information.

First, let me say that I am not a dealer, nor am I affiliated with one. I simply have a common interest with you and am passing on what I know. This is very priveledged info. Thanks for the beatings, but I expected it. For those that are interested:

The reval will happen Sept. 2, 3 or 4. It will be in the .77 range. All major banks are being set up at this moment to trade the currency, and you will have 3 weeks to trade in the 25k and 10k notes because they will be taken out of circulation. This will be announced with the reval. The banks are setting up agressive marketing programs to get this business.

Why do I tell you this? Because we are in this together. In the eyes of the investment world, we are laughing stocks. However, we shall have the last laugh. Congrats to all that had the insight and patience to ride this out.

Wow....I dont know what to think But hell Yeah. But cigarman will have to buy Adster's dinner if this is true. The only thing I dont like about it is the presure of trading in the 25,000 and 10,000 NID's in only three weeks.

It makes since. This way they have all the Big notes in before the r/v goes higher. Most folkes have these bigger notes. I just dont know if they can do this. In the US they did the same with the $100,000.00 Bill to faze it out. But if you still had one today it would be worth $100,000.00 So I guess we will just have to leave this to Experts to find us the measure of this statement.

Guys read this, I especially like the part about economic stability and insurgents.

Iraq cabinet to review $39b draft budget

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Gulfnews: Iraq cabinet to review $39b draft budget

Iraq cabinet to review $39b draft budget
Reuters

Baghdad: Iraq said yesterday that a draft 2007 budget of around $39 billion had been delivered to the cabinet for review, prior to final parliamentary approval.

"The budget is about $39 billion. Today it is presented for the first time to the cabinet," government spokesman Ali Al Dabagh told a news conference.

The 2007 draft compares with a 2006 budget of $34 billion.

The new Shiite-led government of Prime Minister Nuri Al Maliki has promised to strengthen the economy, which officials blame for boosting the ranks of a bloody insurgency aimed at toppling the US-backed government.

click link for more

This is Franny. I was on the 6pm conference call and I gather this and hope someone else will post soon. The Dr. was not there, but Bob was there and he works in Iraq. He basically said the dinars will r/v soon he thinks. When it is announced, it will be on a Sunday for it will be Monday in Iraq. He did say, however, he thinks it will r/v low but will quickly rise.

Sorry, I received a call and got off the call. Hope someone else will post soon. Forgive me if I misunderstood something or posted not the right information that I thought I took in.

Flygirl will come on later and elaborate more on the conference call tonight. Hang on OK.