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

Admin has a neat site under the on-line bank, Warka Bank portion of rolclub.com, http://www.rolclub.com/iraqi-bank-on...nk-online.html

Got many of my thinking stuff just from reading all the stuff over the years, including how Lou and Abbott got their first computer, ha ha!

With all banks, I am using the example that someone else has utilized in dealing with getting more from what you already have, by just moving it and changing it (money/currency) from one hand to another! We are talking about two separate currencies with a deep valley on "rate-differences" or as everyone understands, an "Under-Valued" currency, based on OIL!

Therefore if you are holding an account with Iraqi Dinar in it and this Revalue is Announced, then when you convert it to another currency other than USD/Euro/Yen/Rubles/Lira, etc...You should be reaping a "Rated" larger harvest then what you had when you first started, BEFORE the RV/Announcement of RATE Change!

Admin/Marek said to open two accounts when you do the "currency-shuffle" at a/the "foreign bank!" You put in your countries currency, in the USA case USD; then you have the foreign bank person do the transfer from your USD account to the IQD/NID account! So the exchange goes from bucks to mega multi-dinar! Now, you might be seeing the "big-picture" now, the banks always get their part, that is why they are in business, they get it coming in and going out! They get it when it sits and they make it look like they are doing you a favor of holding it for you! You know what I mean, I hope you do, maybe a little! Anyway, if the Iraqi Representative have these funds in their accounts, each with 20 mil and they are holding these advance funds, then they pay it back, they need not do so, for the pay is calculated today; later, their pay will be adjusted, but they do not pay-back the Dinar, they payback, if required (and never would they do this-they, the Reps. are the "who" that is on first or was that second?)...

I hope this suggestive reasoning meets with the old school house thinking!

RV Announcement Time!

is it just me or this 20 million dinar loan over 3 years is really annoying me.........until we get a straight answer.

Try this one on for size.....

They are receiving a 20M Dinar loan repayable in 36 months. If you reval at .02 then the new value of the Dinar would be $400,000. Salaries would come up with it, allowing a realistic repayment schedule in 36 months.

If that still sounds like too much to repay in too short a time, then try .015 ($300,000) or .01 ($200,000).

Those figures for a reval at this time would make complete sense, rather than an outrageously high "sudden" reval. Start out small and let the market bring it up over time.

I welcome your thoughts on this.... BTW- I have no PHD, just a auto mechanic with half a brain!

does anyone have a link to the original article in arabic, so maybe we can try to translate it again.

wouldn't it be great if the article translated into a 20 million dinar loan, divided up among all 275 members of Parliment, I think then we would all be jumping for joy.

My papa was a mechanic and with half a brain tied behind his back, he could do better then them PHD, public school teachers, etc... My bias and not-brainwashed thoughts! But, since they fix stuff, your thoughts are appreciated and never taken lightly! Rock on HW, maybe you should have taken on AM, for Auto-Man...

Originally Posted by archangel

does anyone have a link to the original article in arabic, so maybe we can try to translate it again.

I know it was in the "Voice of Iraq'. Still looking.....

Originally Posted by archangel

is it just me or this 20 million dinar loan over 3 years is really annoying me.........until we get a straight answer.

Give us another subject to talk about then. This one is starting to give me a headache trying to figure it out.

So What do we talk about now????

Originally Posted by AlwaysDreaming

Sassy, I'm in Phoenix and purchased my dinar at the Chase Bank at 83rd Ave & T-Bird. I was told that you can purchase them at any Chase Bank. Yesterday when there was some confusion about a meeting and it was said that Chase would no longer exchange, I called the 83rd Ave/T-Bird branch
(623-878-2630)as well as a branch at 67th Ave & Peoria (602-589-3111). They both told me I could come in to purchase and there was a 48hour turn around.

THANK YOU VERY MUCH!! SHE IS THERE WORKING FROM OUT OF TOWN AND I BELIEVE SHE'S A LITTLE CONFUSED. THANKS ALOT ALWAYSDREAMING. : LISA

Originally Posted by MrsCK

Give us another subject to talk about then. This one is starting to give me a headache trying to figure it out.
So What do we talk about now????

I just took 4 advils: