A local newspaper in Georgia, USA, reports that some local residents are buying Iraqi dinars in cash form, in the hope of profiting from a revaluation of the currency.
According to the Moultrie Observer, people are buying boxes of crisp Iraqi dinars that look fresh off the printing press. It goes on to quote a local commodities trader as saying he could possibly think of worse investments than Iraqi money at this time, but would be hard pressed to do so:
"If you want to make a wild investment, I'd buy Russian rubles ... It (the dinar) would be one of the most foolhardy investments you can make."
Meanwhile, CNBC columnist Kelley Holland says the dinar is the subject of a variety of scams, and regulators and watchdogs are sounding alarms:
"If someone has been telling you about the rosy prospects for the dinar, please, please, be careful. It's almost certainly too good a story to be true."
On Thursday, Komo News in Seattle, Washington, ran a news report on the dinar and interviewed one woman who had actually bought what she believes to be Iraqi dinars on the internet. You can find the full video report on the next page ...
i will buy all your dinars off you buddy, just drop me an email/reply
thanks
I hate stories like this. This will get pooh pood by the dinaraholics as lacking facts and they will move right past it. Why in the heck can’t someone do a story about the dinar and present the actual numbers… 30 Trillion in circulation, 60 trillion M2, with a $100 billion GDP. Present those numbers to a legitimate economist and see what he/she has to say about a huge RV. The reporter didn’t even know the value of the dinar before the war. She used the $3 number that has been so widely promoted on dinar sights as a fact… when the truth is the dinar was worth between 2000 and 3000 per dollar before the war. The $3 rate hasn’t been real since the early eighties… 30 years ago.
Iraqis before the war were only using 2 bills. They had 250 and 10,000 dinar notes. Does anyone in their right mind actually believe dirt poor Iraqis were running around the streets of Iraq with bills worth $750 and $30,000 in their pockets?
Turkey, Turkey, Turkey, Turkey!!! and im not talking about the bird either. Oh, how bout....Ghana, Croatia, Finland, Poland, Uganda, Israel, Germany, South Korea, China, Brazil......IM sorry, can you find me someone from one of these countries that made millions on redenomination? The word, (Revaluation) is the selling pitch by the so called dealers.
They can only be redeemed in Iraq??? WRONG!!! 5th 3rd Bank buys the, BOA bought them, some of the brokers selling will buy them, so saying only Iraq is where they can be redeemed is flat out wrong. Some of the foreign exchanges at airports will buy them as well. And many of the Banks here were selling them. Most have recently stopped selling during this year, but they were selling them and even thought they no longer sell them some will still buy them.
This reminds me of when the Kuwaitt Dinar revalued. Right before it did there were all knids of different stories being put out and the day it revalued Kuwait stated earlier that day they were not going to revalue it and in the same day it revalued. Will this happen with the Iraq Dinar? Beats me, but one thing I do know for certain and that is this reporter is flat out wrong about Iraq being the only place you can cash your dinar in.
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Turkey's hyper-inflation rate was 30% when they removed 6 zeros from their currency. Iraq's is 7.25%...talking apples/oranges!
I have no doubt that the iraqi dinar will be revalued. I agree GO RV!!!
i bought them at fist community bank in la vernia and they buy them back too.
From the latest "delete 3 zero" articles
http://en.aswataliraq.info/Default1.aspx?page=article_page&id=145565&l=1
"he who has 10 million Iraqi dinars, for example, won't possess more than 10,000 dinars from same"
--Fact is Stew, anyone can poke holes in any bible or truth all day long if we analyzed them too much... doesnt mean they are not true or possible. And that article is just that, another article no real facts. is that how you get ur information? lol
--i can buy dinars in alot of places and sell them in alot of ways, mostly to the ones whom sold them, banks, traders, and simply online. i could even make money doing that alone. but money is not that important to me so i like the thrill of the dinar investment and if i didnt hear abt the dinar i wouldnt have never understood so much abt investing and learned abt the ISX which is awesome! and never would have learned how i can invest in these american companies based off thier buisness going into iraq and so forth.. You got nothing on that stew. Dont respond stew, its not worth it. lets go RV! whooohoo!
It is just amazing how misinformed these reporters are...
I purchased my Iraqi Dinar (IQD) from a Currency Dealer (Dinar Banker) who is licensed by the US Treasury... If this were a scam, would they be a licensed currency dealer & this dealer wouldn't be willing to buy back my IQD if I ever decide I no longer wanted it...
Also, if this was a scam, why are there so many banks who also have been selling IQD?
To believe this is a scam, one would have to believe that as one of the wealthiest countries in the world, Iraq could continue to actively participate in the world economy in the future with a currency that is worthless (1170 IQD to 1 USD or less than 1/10th of a penny)...
Keep in mind, the pre-war value of IQD was worth over 3 USD, therefore why wouldn't it one day it be worth that once again or more?
When the IQD revalues (RV), I will be able to exchange it for USD at either any bank that has a currency department or at a currency dealer, so despite what this reporter said in this clip, I will not have to fly to Iraq...
If you have an open mind, check out this investment with a licensed currency dealer like Dinar Banker (dinarbanker.com) because if you believe this reporter's misinformed report, you will regret it post RV...
I think it's interesting that she just reported that the dinar was "one of the most fool-hardy investments" you could make, but ended the segment with "Send it to me, don't throw it away".
Dawn... I think her point was don't throw away your dollars on dinar... to send her the dollars.
Ray... buying and selling dinar is not a scam. But reading your post shows you have obviously been scammed. Anyone telling you that this dinar will RV to anywhere near $3 is either a scammer or just doesn't understand currencies. There is absolutley no chance the dinar you have will RV to that level.
Practically everything you read on dinar sites from these gurus is a lie. That's the scam.
Even if the current government of Iraq does not Revaluate or denominate the currency who is to say that holding the Dinar for a long term will not turn a good profit? The skepticism or declaration of "SCAM" now is a vast and quick profit but maybe a long term investment even if there is a denomination will turn a nice profit.
Hey Stew:
Only time will tell, but obviously 1) you have no idea what a scam is and 2) you have no knowledge of other currencies in that part of the world that RV'd in the past in the $3+ range (such as the Kuwait Dinar)...
It is fine to give your opinion, but to be so sure with nothing to back it up is a very weak argument...
Haggie: Keep in mind, there are some who have been invested in the IQD for 7 or 8 years, so this is already a long term investment...
Ray... can you tell me the date of when Kuwait and these other countires RVd their currencies from pennies, or fractions of a penny, into the dollar range. Can you even give me an example of a fixed currency increasing it's value more than 5% in one shot.
Kuwait has right at 1 Billion dinar in circulation. Iraq has 30 trillion. So for every 1 Kuwaiti dinar there are 30,000 Iraqi dinar.
I don't see how anyone could think the Kuwaiti dinar and Iraqi dinar should be equal. Yet there are scammers on every dinar board making the claim... and dupes running around all over the internet spreading the lies. Scam at it's finest.
Kuwait Revalued March 25th 1991, here is the news article you asked for.
http://www.nytimes.com/1991/03/25/world/after-the-war-no-electricity-but-kuwait-reopens-its-banks.html
One statement she made is clearly in error. You CAN in fact redeem ANY currency at a currency exchange place anywhere in the US. YOU DO NOT HAVE TO TRAVEL TO IRAQ! NIT WIT
If I have a 1984 Ford Escort in decent condition that is worth $800... and I sell it to you for $1200 by making up a bunch of lies and telling you it will be worth up to $3 million any day now. Would that be make me a scammer?
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30 million in circulation? How can it rv high? Why does the usa own it and why did the european banks, countries buy it? It all has to do with oil. Too much fluctuation and under valued currencies causing oil producing countries to lose money. Only one way to cure the problem. All oil will be traded in a single currency, which will be the dinar. Libya president attempted it. Kadaffi jumped the gun and caused problems by trying to create a gold dinar for trading oil. However, paper can be produced out of thin air and the western world is short on gold. Kafaddi paid with his life because the iraqi dinar was already in the works. It will be the oil currency of the world.
I've never seen people who don't believe in something fight so hard against it. What is there motive? They don't want us buying the product. If everyone bought it, it would probably ruin the deal for all. This deal was only meant for the big boys. However they couldn't agree and it didn't rv as planned... Soon enough... and we got wind and got on board.
Hold on...the payoff is coming and its gonna be big.
Hey Stew... why do you choose to display your ignorance regarding the Iraqi Dinar investment as if you are smarter than everyone else who has taken the time to do their own due diligence...
To compare the IQD to your ridiculous example of an 1984 Ford Escort just further displays your lack of knowledge about foreign currency...
For example, if you did your due diligence, you will find that Kuwait did a very similar revalue of their currency back in the mid nineties and, as a result, the KWD revalued at over $3.00 and is currently worth around $3.63, so it is not unreasonable to believe that Iraq's currency will have a similar value, especially when Iraq has far more in oil reserves to support a currency of over $3.00 (the prewar value was $3.22)...
You can continue to keep your head in the sand or make a small investment with very little risk and a huge upside...
Yes, there are many scams on the Internet where some are selling counterfeit or the old Saddam IQD, but if you utilize a viable currency dealer [advertising removed], who is licensed by the US Treasury, there is very little risk because they will buy back your IQD if your decide that you don't want to wait for the RV... If I were you, I would get involved soon, otherwise you are going to regret that you didn't do your homework...
Eric... no where in that article does it state that they had big RV. Kuwait had 400 million dinar at the time Saddam invaded. All banks closed and the Central bank stopped selling dinar for the whole time Saddam was their. So the Central Bank nor any private bank issued/sold one single dinar for a price less than the official $3.50 exchange rate. Saddam stole billions of dinar from the Central Bank, and because of the situation some people panicked and sold their dinar they had in their pockets for less than the official rate. Once Saddam was kicked out, one month later Kuwait issued a new series of bills, they checked the serial number of every dinar exchnaged and did not honor the ones Saddam stole... you link clearly states that. So they started with 400 million dinar at about $3.50... had a 9 month war where all banks were shut down, saddam stole billions, got kicked out, one manth later new bills, saddam stolen bills not honored, back the same 400 million dinar at about $3.50. No change... NO RV. 9 months total.
Night and Day compared to Iraq.
Iraq had 30 billion dinar back in 1980 when they last had a legit rate of $3. The Central bank of Iraq has since issued 30 TRILLION dinar at a rate of 1170 or worse. 30 YEARS later.
Cant be any more of different situation.
Number of Kuwait Central Bank dinars issued at less than $3.50= Zero, none, nada.
Number of Iraq Central Bank dinars issued at 1170 or worse= 30 TRILLION
Yeah... that's a great comparison.
Hey Folks.. trying to convince our friend Stew that the IQD Investment is an opportunity of a lifetime is a huge waste of time because he would prefer to invest time into trying to justify his ignorance then investing a little time into seeing why so many have made an informed decision in this incredible investment to begin with...
Any of us can go online and find negatives about almost anything, so if Stew wants to remain ignorant, I think we should let him because post RV, he will then wish he had listened to some of the advice shared in this forum...
Yes Ray , i seen him everywhere always bashing this invesment with not alot of Real and or Current facts to back it up. ( A very true and obviuos sign of ignorance) Stew-( 4trillion in circulation now it has been reduced! i cannot confirm that) however, at what level is stew he talking about, is the question-? if i asked him along time ago he would of said scam, but now he cannot. ( truth in all bashers b4 it was realy laid out on the table so now they have all changed thier argument to -not a scam but no real money to be made-) -this is a real sign of ingnorance and a unknown reasoning( that they need to explain someday - because no positive reasoning has come from any basher to-date). SO the question for stew or "them" is - Does the Dinar have any chance to INCREASE in any value in the future?- if he answers no then we will all know that he is definatly ignorant. if he says yes , then he is not so ignorant AND no matter if its a long time from now with small increases we can put another Winning check on the dinar side because its the only reason a true Dinar holder is invested since NOBODY knows when and what rate(TRUTH)- I would still be happy to cash in my dinars if it raised to the power of a penny! God bless and thankyou GO RV !
There is a simple economic model for determining the value of something. It’s called supply vs demand.
Most should be able to comprehend this. Yet obviously this simple elementary concept will be too complicated for some to grasp
Let’s look at the supply and demand numbers for two currencies… the dinar and the dollar. Supply would obviously be the money supply of each country.
These are number supplied by each countries central bank and verified by the IMF… not some dinar pumpers made up number. Notice this is total money supply and not just currency in circulation. Obviously any change in the currency would effect all currency and not just cash.
US dollar= 15 trillion
Iraqi Dinar= 60 Trillion
The other side of the equation is demand. Demand for a currency can be quantified most simply by looking at a countries GDP. GDP is the size of an economy and a currencies basic function is to support that economy.
US GDP $14 Trillion
Iraq GDP $80 Billion
So just on the basic numbers, Iraq has 4.28 times more supply and 175 times less demand.
That 128 times difference. 4.28 x 175
You might ask then why is the dinar not at 128 to 1 if that’s the case.
Well that doesn’t take into account that almost all of Iraqs GDP, the $80 Billion GDP is almost all from Oil sales which is $ denominated. Most of Iraqs GDP creates demand for dollars, not dinar. The portion of Iraqs GDP that is dinar oriented is probably closer to $8 billion. So that’s one tenth of the number above. So 128 becomes 1280… which is remarkably close to the actual rate of 1170 isn’t it????
So just as the IMF has stated. The dinar is not over valued nor undervalued when looking at fundementals.
Hey Stew:
There is an old saying: "When you have dug yourself into a hole, stop digging!"
Post RV, which will happen very soon, I have a strong feeling none of us will be blessed with your "wisdom" again in this forum because even you will then realize how ignorant you have been...
Yes or no STEW just yes or no. ur making it worse on urself .. yes/no or IDK - i think we all would agree that if one cannot answer simply yes or no or even IDK then u will be revealed as a nobody with no-sense. YES/NO OR IDK(I don't know)- show them some guts STEW.
In all fairness, to both sides of the debate here. I personally stumbled into this so called "glory" investment at one time in my life. If I can remember right, I bought ten million dinar in cash sometime in 2005. I was younger, more open minded, and excited about the potential windfall of endless amounts of money coming my way. Over the course of several years, with endless amounts of research and time spent on forums, I have personally realized that IF Iraq does "redenominate" their currency, one average investor might end up making a few thousand dollars. For instance, lets say you spent ten thousand dollars US on Dinar. After they denominate, and the currency appraciates over some time to say hypethetically three dollars US to one Dinar. Okay, yea you will walk away with a bonus twenty grand, if your lucky. Is it worth the wait? Maybe. I personally cant wait that long for that kind of cash that may not ever be. Thats up to everybody here holding Dinar in cash. I myself decided to sell back my cash and invest in things directly related to Iraqs future. I hope that some of you here can realize that if your willing to wait it out, then fine one day you will be able to cash out and finally get your money. But please, dont be upset when you go to some currency trader after they redenominate and expect the big bucks you have dreaming of this entire time! Its not that simple. One last thing, dont confuse the words, re-value with re-evalue. Big difference here. Just trying to shed some light. Sorry if I made you mad. Its just not gonna happen.
Hey Banker:
How did you come to the conclusion that as a result of your investment of maybe about $10,000 (a guess on my part) to purchase 10 Million IQD in 2005, that you will only have a ROI of only $20,000 if the IQD RV's at $3.00?
Unfortunately, your math just does not add up because based on your example, if you owned 3 MIllion IQD no matter what you paid for it, when it RV's at $3.00 per IQD, your gross will be $30 Million not $30,000...
Post RV, you're the one who will be mad because of your ignorance, not me....
CORRECTION TO PREVIOUS POST:
Unfortunately, your math just does not add up because based on your example, if you owned 10 MIllion IQD no matter what you paid for it, when it RV’s at $3.00 per IQD, your gross will be $30 Million not $30,000…
Another economic model to look at.
Currently the whole world added together has about $60 Trillion in money supply.
The whole world GDP just happens to be about $60 Trillion also.
So it would be pretty safe to assume that a country on average has about the same amount of currency as their GDP. I would guess some countries may have up to double their GDP and some counties would have down to ¼ or ½ of their GDP. Iraq would be a perfect example of a country with only a ¼ to ½ because we know that most of their GDP is from oil which is dollars, so they don’t have a big demand for dinars.
So if pretty much all countries fall in this .25 to 2.0 range for Currency to GDP ratio… let’s look at what would happen if Iraq RV to $3 as the scam claims.
Iraq’s 60 Trillion dinar would suddenly be worth $180 Trillion. That’s 3 times more money in than currently exist in whole world… for a country with $80 B GDP mostly from Oil sales in dollars. That in itself is a joke beyond all comprehension. It would put their ration of currency to GDP, which everyone else in world is .25 to 2.0, it would make Iraq’s number 2250… lol….
Every country in the world has a ratio somewhere in the .25 to 2.0 range and mighty IRAQ will have a ratio of 2250!!
What is Iraq at presently… their 60 trillion dinar is worth $51 billion dollars. GDP is $80 billlion. That give them a ratio of .65. Imagine that… right in the range I mentioned.
Banker... the problem with that is most people have already paid a large fee to buy the dinar. When it redenominates they will have to pay another large fee. It's questionable as to if they will even be able to get the new redenominated dinar. I doubt Iraq is going to let that much of the new currency get out of the country, so they may be forced to except dollars and be out of the investment at that time. None of this money was supposed to leave Iraq in the first place. They have laws in place that state that. When they redenominate they very well might remind everyone of those laws and make it near impossible to get currency back into the country for exchange. If they do that the scammers running this sham will simply dissapear and everyone will be left holding worthless paper. They wont buy it back unless they know for sure thay can get it back into Iraq for exchange. I doubt any bank will touch a redenominated currency.
LOL - You all have been revealed FYI ( STEW and BANKER) .. lol take care , sry for you.. peace Go RV. ISX and american companies going into IRAQ. thankyou BUSH!
Stew:
What large fee are you referring to that any of us you invested in the IQD have paid?
Post RV, when I cash out to obtain the new revalued CBI rate, if I utilize Dinar Banker for example, the only fee I will pay is $150 to cash out 10,000 IQD or 100 Million... Certainly not a large fee...
Please get your facts right before you post such BS...
Your buddies charge $1200 for something worth $850. Or if you fall for the latest scam talk that you need the small denoms, they will sell you $850 worth of 250 dinar bills for $3500. That is basically a 40% to 300% fee.
I’m guessing that once the redenomination is announced and explained clear enough that everyone realized they were scammed, these fine upstanding dinar dealers will probably offer you about $500 per million… only if they are sure they can get it back into Iraq for exchange. If not you will get zero.
So most people will likely lose 50% to 100% of their money.
Hey Stew:
If I invested $1,200 for 1 Million IQD and when the IQD revalues at $3.50, that $1,200 will have a ROI of $3.5 Million, so in my opinion, it doesn't it really matter what the currency dealer's fee was... Post RV, it will be a win-win transaction...
Stew, if this were a scam as you want to believe, then why can I then sell the IQD back to the dealer for about 80% of what I paid for it??
I now have come to the conclusion that it doesn't really matter what any of us share with you about this investment, your mind is closed...
Stew, the most expensive thing any of us can obtain is a closed mind and post RV, you will hopefully learn from your ignorance...
Ray.... I have never ever said that the dinar itself is a scam. It is a legitimate currency backed by foreign currency reserves by the Central Bank of Iraq. Where the scam is involved, and what you and others have fell for, is this ridiculous notion that the dinar will RV back to $3.00. There is no chance in heck that the dinar would even RV to one penny… $3 is a complete joke. Did you not read the figures I posted. A $3 RV would give tiny dirt poor Iraq 3 times more currency than the rest of the world combined. Iraq doesn’t even have 1% of the worlds GDP, it’s barely over 1/10 of 1%. How you can even remotely think that a country with less than 1% of the world’s economy can have 3 times more currency than the rest of the world combined is dumfounding.
Stew:
If IQD's value before the war was $3.22 and Kuwait's Dinar is currently worth $3.63, why is is it so difficult for you to comprehend that the IQD can once again be worth over $3.00 again?
Even Shabibi, the Governor of the CBI, has stated that based on Iraq's known oil reserves (among the richest in the World), Iraq could justify a $12+ rate, but they will initially revalue their currency within 10% of the KWD...
Due to your desire to be ignorant, you will miss out in participating in an opportunity of a lifetime...
Iraq's rate has not legitametly been $3 since 1980, 30 years ago. You would know that if you did actual research instead of swallowing dinar pumper lies. Their rate was 2000-3000 to 1 before the war. Back in 1980 when they had the $3 rate they had a money supply of 30 Billion dinars.
Kuwait's current money supply numbers are 1.1 Billion in circulation and 27 Billion M2.
Compare those to Iraq's current numbers of 30 Trllion in circulation and M2 of 60 Trillion.
Iraq has 2000 times more currency than they did in 1980 when they had the $3 rate. They also have 2000 times more currency than Kuwait has at this time. Why is it so hard to understand why their exchange rate would be 1170? You and dinar pumpers simply ignore the whole supply side of the equation. For good reason... because it exposes the scam.
Shabibi never said anyhting like you claim... more made up lies by scamming dinar pumpers that you have fallen for.
He once simply stated they would return the dinar back to the rate of the 80's... and they will do that through a redenomination.
It's quite entertaining to be called ignorant by someone with a shoebox full of dinar who thinks the CBI and Shabibi have announced to the world that they will increase the value of this dinar 300,000%.
WOW -- I can't believe some of the ignorance here! I've been investing in foreign currency for over a year with the Iraqi Dinar. And, stay away from the pumping and dumping conversations and rely on my own research to make my decisions. But as this was spawned from a televised news cast--I thought I'd throw my 2 dinar into the mix!
I don't think anyone can say that they will LOOSE money on this investment. Will they make millions ??? Probably not immediately. But the way I see things --
1) The dinar will not RV at some ridiculous amount. I expecting it to come in around $1.00. Do I think it's worth $3 per dinar -- absolutely -- but with the revalue, I would expect the CBI to remove rate lock and let the value rise naturally. Based on demand, etc.
2) Baghdad News reported the CBI indicated the amount of currency in the local market is approximately 4 trillion. Much less than anyone had thought. Which changes all of Stews calculations.
3) Our own US government holds IQD. And when we cash in our dinars, they will go through to the US Treasury, and they will deal with IRAQ for repayment. Probably not in $$$$, but we will use it to pay for oil, etc.
4) Iraq has a great deal of motivation to do this RV, and to re-enter the global economy without sanctions by the UN. If you follow the UN briefs, etc -- you know they have been working very hard to get the Chapter VII sanctions taken care of.
5) Someone made the comment about it revaluating at .01 -- That is still a great profit! Far undervalued in my opinion, but still a great profit.
6) Once the sanctions are removed and the Iraqi Dinar becomes legal currency again, most banks (definitely the larger banks), and probably all the currency exchanges will exchange it.
7) And if you have fears of being able to get rid of your physical dinar notes, you can always open a bank account in IRAQ -- I currently have a US Dollar and and Iraqi Dinar account. I wire US Dollars to them, and then convert it to Dinar at the current rate. Going in reverse after an RV is just as easy. I instruct the Iraqi bank to convert my dinar to US Dollars and wire them back to my US accounts.
8) In the time that I've been looking at this -- I've yet to find anyone that says I'll loose money. Even in stews comments, he says "once the redenomination is announced and explained clear enough that everyone realized they were scammed..." So, he believes the Iraqi dinar will revalue. It certainly isn't going to revalue downward. And considering the US financial institutions and the US Treasury currently deal or are holding Dinar means we will have no trouble exchanging. When they drop the zeros on the big bills, Iraq will swap them out 1:1 like they did post Saddam. So, they will retire the 25,000 note, however, we will still have 25,000 dinar -- just not in a single bill.
Anyway -- bottom line here is Iraq needs the RV/RI to happen, and everything the CBI has done in the past couple years has lead to this point. Nobody really disagrees that it will or will not happen, just the rate. Well, if the rate goes up, and you make money -- how the heck can it be a scam! It's not like this is all rumors -- the UN Security Council, the IMF, the G20, etc etc etc -- all have talked about the Iraqi economy and currency -- DO YOUR OWN RESEARCH!
YES there is a ton of misinformation out there, and those that swear it will revalue at $3, $8? $10? per dinar... Do your own research and come up with what your comfortable.
On a closing note -- Vietnam Dong... LOL, 21000 dong to $1 -- I've been stock piling those for a while also... I don't care if it RVs in 5 years to .25 -- it's still a great investment profit.
Hey DesertPapi:
Unfortunately, you started off on the wrong foot with your ignorant comment, which was pretty arrogant in my opinion...
Obviously you have not considered the economics involved here because in order to support their 2011 budget the new IQD rate has to be at least $3.41...
Even Shabibi has stated that the new rate will make up the difference needed to support their budget because of the agreements Iraq has with the United States, Great Britain, France & Germany at $32/Barrel and Russia & China at $40/Barrel to purchase all their current oil production...
Also Shabibi has stated on numerous occasions that they will soon have the most valuable currency in the world and in order for that to be realized, they will need to be more valuable than Kuwait's currency, which is currently at $3.63...
I have not bought into the unrealistic rates of $5, $6, $7 or $8 even though Shabibi has stated their economy could support a $12 rate...
Time will tell who is correct...
Hey Ray -- Well sounds like we are both on the same side of the investment -- just have different expectations of what it will Revalue to.
Yeah, re-reading that, it may have came across as arrogant... Then there are the news casts that clearly don't have any facts and the facts they believe they have are un-supported.
Hey DesertPapi:
No harm done and I have agreed with most of what you shared...
I guess I'm tired of this roller coaster that we all have been on and the comments from the uniformed naysayers like Stew...
Nice one guys ( ray an papi) .. ya i love to see after RV how (banker an stew) guys will be quite. they wont be around to talk im sure... lol! lamers...
-- Our guys just confirmed the parliments latest news break and they just confirmed they will reduce the money supply to 15 billion! not trillion! they confirmed they will do this "soon" .... SO we are looking at dec 15 when troops leave to be our biggest window ( not RV but a "window" of opportunity)-- how awsome is that!? this is such great news and totally blows out the LOPPERS Idea that it will LOP,.. never will happen...
--And the 1:1 ratio i belive is the best accurate information for an RV and to then allow it to gain over time, i mean you cant start dedollarizing the country if you dont come in at least to the buying power of the dollar or above, buying power could be less than 1.00 if you know what i mean( im no expert), and to come in at more then 2$ is so high it can have bad effects on the world banking system ( or whateva they meant) ) ( i read that part in 101 in currency trading) (basic currency information) however, nobody knows so we wait.. but i can only pray that RAY is right like !!!OMG awesome! but i got off that roller coaster a year ago... Lets go IRAQ-- GO RV -- i feel lucky this year!!! i got some VND too .. woohoo this is so much fun! im doing the money dance.... 🙂
I can't stop laughing... So they just announced they will reduce the cash supply from 25 trillion to 15 billion. And that somehow blows out the lop idea? you have to stop listening to that idiot pumper Breitling.
That is EXACTLY what a lop does. They have 25 trillion dinar, force everyone to exchange dinar and give them 1 new dinar for every 1000 old (delete 3 zeros). That would leave them with 25 billion. So how do they plan to get it down the other 10 billion to 15 billion. I think they realize about 10 trillion dinar has illegally left the country, smuggled out to dinar investors around the world. That dinar will be blocked from re-entering the country for exchange. Dinar holders will be left holding worthless paper. A 100% loss of investment.
lol Stew, i reavealed you a while back.. "no sense" remember? FYI peace!
Stew, I admire the wealth of knowledge you have and as an outsider give you nmuch respect as you clearly are the most educated person on this site and I am sure that if I were looking for statistical facts on data and equasions you are the man. The only thing that does not make sense in what you are saying is how do they RV and trade their current Dinar for an equal amount, I mean how do you trade 0 for 0? How does it go from the same value to the same valus? That seems rather useless and as far from sources I have heard is that the worst case cenario and more than likely it becomes .25 to our dollar. I also believe they are doing this in 2013 as a deadline. So with that being said please answer why they would waste their time with RV to break even?
If this comes in twice sorry my computer showed a no send.
Stew, I have total respect for you as I can clearly see you know what the heck you are talking about and as far as I can see are by far the most educated person inneracting on this blog. If I wanted answers to statistical data I might consider asking you instead of doing a statistical analysis with minitab. So with that being said I have to ask you how do you figure that they are doing an RV to break even? How do you RV to trade your current value from 0 to 0? I mean it would be unnecessary to do anything to end up where you started, right? I heard the worst case and most likely is .25 . I also heard this has a deadline of 2013. So please enlighten us with that wealth of knowledge on what the point is of doing an RV for no increase?
Hey Eddy:
How do you possibly know who is the most educated person in this forum regarding the investment in the Iraqi Dinar?
Obviously, you are as clueless on this topic as Stew is, largely because you want to believe all of his uninformed information...
Sadly, post RV, you both will be scratching your heads as to why you didn't do your own due diligence...