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Happy Holidays, Sunny!
Still holding all that dinar…your post is a blast 💥 from the past though as I don’t even think about the dinar anymore.
Hope all is well in your world.
Cheers!
Merry happy War. Stay safe. I see we’re into the annual year end push same old stuff bank stories and cash in and tax advice. Next we will be hearing all the usual excuses why it didn’t happen againand watch the monthly quarterly slide into 2025. Rinse and repeat.Ground hog day gone annual. . Take care faithful.
I didn't know the dinarguru were still pushing their BS.
Thanks - I needed the laugh.
Yup, it's always politics, fighting for power and money, Satan's minions, I call them. Hope they all go to hell and join their new savior. I'm a Chirstian and will stick with our God.
Glad I started something good for once, LOL.
I like posting, so I'll keep your guys occupied, another LOL>
Thanks for the reply, yeah I should have know better but the Iraqi PM just said it, so I guess it's not true, and you should know since you're boots are on ground.
I knew the Iranians were really controlling Iraq not too long ago, so, you're saying they still are.
By the way, this question has puzzled me for a long time, WHY HASN'T THE USA MILITARY WENT IN AND CLEANED THE IRANIANS OUT OF THERE, I KNOW THEY COULD. IF YOU KNOW, PRAY TELL
I ASSUME YOU'RE A MARINE ON ACTIVE DUTY, I'M VETERAN, R FORCE INTELLIGENCE, PACIFIC REGION 62-66, IT WAS CALLED PACIFIC SECURITY REGION, USAFSS THEN, AFTER THE CONFLICT, RENAMED AIR FORCE INTELLIGENCE. LONG TIME AGO.
I ALMOST THOUGHT THIS BOARD WAS DEAD NOW, KEEP IN TOUCH, OK.
Hi Jerry - greetings from Iraq.
Total control of the corruption? lol
Even getting a new work visa over here is corrupt. Not to mention the Iranians bribing everyone and attempting to control the Government. Iran is the number 1 problem in Iraq.
Good luck to you.
Move forward to April 12, 2021.
I've been in this since about 2005, and, to be honest with you all, actually everything is about as good, as it'll get for our wild and crazy Iraq Dinar.
Today was the best day in 20 years, as the newest leaders finally said the Iraq government has total control of the corruption, especially the Central Bank, no more corruption at the CBI.
Oil is in the 60's again, all debts are paid or written off and the Kurds are actually happy with the HCL.
If it doesn't go soon, it's probably not going to go for another year.
Merry Christmas buddy!
Have a safe and blessed Christmas!
Just another day in the neighborhood here...
AP: Iraq's central bank devalues dinar by 22% amid public anger.
BAGHDAD (AP) — Iraq's Central Bank on Saturday announced it will devalue the Iraqi dinar by over 20 percent in response to a severe liquidity crisis brought on by low oil prices, a measure that has sparked public outrage as the government struggles to cover its expenses.
In a statement, the Central Bank set the new rate for the dinar, which is pegged to the U.S. dollar, at 1,450 IQD when selling to the Iraqi Finance Ministry. The dinar will be sold to the public at 1,470 IQD and to other banks at 1,460 IQD.
I accepted that a long time ago... And I hold 12 million dinars.
Good luck to us both, on something else!
That is life... We take risks, by the way I am still working and living in Iraq as I type this.
The pockets of those in charge are well lined and they don't really care what happens. Enjoy that wallpaper!
Lol! Yep . I think mine see 12-14 years old?? I forget .
Why in the hell would you every buy a crawling pegged currency?????
Especially one as highly inflated as this?????
Free floating currencies are a better aliet still craptastic "investment"
I mean the MGA and MNT look good eh? lol
LOL! Still got mine somewhere buried in this house. Geesh!! Scam we bought into !!
No joke. The Sams Club and Costco were outta TP. So I went to the currency exchange house down the street and bought a stack of 250 IQD notes for about the same price as shit paper.
LoL - I know that is right.
A$$ wipe or wall paper - pretty much sums it up.
I ran outta toilet paper during the early days of COVID.
Was easier to wipe my tuchus with these things and the VND than it was to find actual shit tickets.
Bubbabow.
I ran outta toilet paper during the early days of COVID.
Was easier to wipe my tuchus with these things and the VND than it was to find actual shit tickets.
Bubbabow.
I don't know , but if there's more people out there like him that's got as many as he's got, and if you believe all of those photos online and see all of the billions and billions of them for sale online and on places like ebay, they're not worth the paper they're printed on and not likely to ever be worth more than what they are now.. Probably less the way Iraq looks.. lol
Time will tell ... maybe worth more as collectors item for kids down the line
I bought some when a friend of the family told us about them at least that many years ago and so did some of my family.. I sold mine about a year later.. I know one guy that's been buying them for close to 20 years I'm guessing. He must have tens if not hundreds and hundreds of millions of these things .. He bought them up by the shit load for years and I'm not sure if he's not still buying them but I know he had a enough to fill a garbage bag with them at one point.
I doubt he even knows how much he's paid for them and when he sells them and pays a commsssion, if he don't hold them until he dies, he'll be in the hole.. He has passed them out to everybody he knows like candy for 15-20 years for presents hoping he could make everybody rich.. God for his sake, I hope it happens, but I'm not expecting it..
I know people who have been buying these things since the 1990's waiting on this thing to turn upside down.. Viet Dong also..lol.
I know one guy, poor thing, who spent all of his money month after month when his pension came in on them and he's still got a truck load of them.. He passes them out at Christmas time to family...I can't even remember when this actually started or when they got wind of it but it has to have been at least 20 years or more now...I don't know how long it's been going on, but it's been HAPPENING for a very , very long time..
Hi Sunny,
I know what I've often pointed out, back then... I never would of thought of COVID-19 shutting down the Word's economy either.
Heck, anything is possible or so it seems.
Get some time - take a look at ASKH. Not pumping here, it's an empty shell with no debt, current, RM expected in the next 45 days or so, float is 22 million. Worth a hard look - imo.
Had to change my vacation to Dec from May (thanks to Corona). That will put me deployed here in Iraq for 19 months straight without a day off this time around. Too much, but that is life sometimes.
Stay safe.
War
All good here War. Just cashing in on the last day of freebies. Sorry for the delayed reply. Hope you’re well. Sure wish there was a way to respond to these numbnuts gurus, lol. The conspiracy theorist in me says maybe this virus is the catalyst that the US uses to effect a revaluation to save us and the world from financial disaster. But as you’ve often pointed out, geopolitical conditions don’t support a departure from the deteriorating status quo. Folks often compare this to Kuwait which is utter nonsense. Not the same situation. And so long as Iran is in the picture, no way we see any progress. Not to mention the inability to attract and retain a credible leader of government. And the oil price war blows the underlying premise up in smoke. Yeah... maybe our grandkids will see something, lol. You stay healthy and safe!
Regards,
Sunny
Hey Sunny!
I'm still here in the Baghdad area.
Hope things are going your way!
War
Hope you’re all doing well; keep the faith!
Eventually they will just be collectibles I guess. LOL
Hey bud... hope you’re well. Just wondering how one can reply to these genius gurus. They are worse than the penny stock pimps. It’s pretty clear folks are going along status quo and we’ve got a long way to go before we see so much as a tingle. The geopolitics of the region may never play out nor in a manner that nets us much if any return. The incessant hype about dates, rates, contracts, etc. is nauseating. I keep mine stashed in an old Animal Crackers can in the cupboard... fitting imo. Take care!
I've got a hunk too and I'm in Iraq now.
Thing is the locals here don't give 2 $hits about their own currency. They want the dollar.
I've come to the point where I'll just pass my lot down to my kids...
No Dinar revaluation coming anytime soon - too much tension over here/Iran is next door ;)
Holding 15 years strong ... but jeez you would have at least thinked it would slowly gradually increased value over these years. I think I have better luck on trip 0 stocks LOL ... If this thing doesn't budge soon I might take a very small gain (about $100 per million) through SafeDinar website or something. grrrrrrr Come on Iraq I need a break lets revalue.
PM Barzani Meets with Iraqi Counterpart in Baghdad (Feb 7th 2019)
http://www.basnews.com/index.php/en/news/kurdistan/499761
ERBIL — Kurdistan Region Prime Minister Nechirvan Barzani met on Thursday with his Iraqi counterpart Adil Abdul-Mahdi in Baghdad.
The two premiers reportedly discussed bilateral ties and ways to resolve the remaining disputes between Erbil and Baghdad.
This is the first visit to Baghdad by PM Barzani since the approval of Iraq’s 2019 budget bill which secured the salaries for Peshmerga and public servants of Kurdistan Region.
No officials statements have yet been made.
Well they haven’t gone down in value (only up) since I bought overseas so I am still positive thinking
God only knows - I've seen some strange $hit in my life...
Let's hope things finally go our way.
Good luck.
War
Maybe one day they’ll be trading like magic cards for money as collectibles
I'll be passing them onto my kids - all 12 million worth - smh
LOL
Dinar
War
Just pass them onto your grandkids. It’ll make a fun story :)
And stilllllll holding ... Eventually I should be able to trade my notes in for collector items LMAO
Good to hear from you Sunny. Only positive thing I can say is violence has slowed down in Iraq, but increased in Afghan. Contractor and troop levels have decreased in Iraq as well. Hope things are going your way! -War
Hate to say it but Kaperoni is making plausible arguments for why we'll need a lot of patience with this.
LOL... anybody got a good bank story to raise our hopes?
Just taking advantage of "happy hour" here - no longer a premium member.
Hope everyone is doing well... TP, War, Bill.
Just headed out the door, so you can all berate me with no reprisals
Good luck to us all!
I’m still holding onto mine since 2004 hahaha
i could never figure out how to get chat to work so you won't see me there
Check out this site on the Dinar, hope to see you there...
http://realcommunityengagement.com/
Central Bank Of Iraq: ... http://www.cbi.iq/
- XE.com (Currency conversion) ...... http://www.xe.com/ucc/ ...... http://www.xe.com/currencycharts/?from=IQD&to=USD&view=1D
- BAGHDAD Time ...... http://www.timeanddate.com/worldclock/city.html?n=27
- UN Meeting Site Page: ...... http://www.un.org/media/accreditatio ... mediaalert.asp
- UN Web Cast: ...... http://www.un.org/webcast/2010.html
<iframe src=" frameborder="0" width="82" height="18"></iframe>
- Iraqi Oil Photos - http://media.ft.com/cms/88df8636-0395-11dc-a931-000b5df10621.swf
- Up to the Minute RATES click here ...... http://www.gocurrency.com/
Inside Iraq - The media's role in Iraq's election. http://www.youtube.com/watch?v=m1Or6-KtIF0
THE IRAQ DINAR
The real Iraq Economy
http://www.cnbc.com/id/15840232?video=156657336&play=1
JUNE 15 … There is a rule, if they are going to LOP they need to PR it six months before it happens. June 15 is six months before December 31 2010.
SO! … It is appearing, if they DO NOT come out with a PR stating a LOP by June 16, 2010, then we are going into 2011 with our currency, this is, if we have any left because of the RV.This is WayneC777, If yo have more "ONLY SOLID POINTS" that can go in here ... LET ME KNOW
NEWS ARTICLES, Catagorized - IRAQ:
Iraq's - Debt Forgiveness : http://investorshub.advfn.com/boards/read_msg.aspx?message_id=49250302
Iraq's - Oil, Gas News: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=49250183
Iraq's - Banking News: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=35943708
Iraq's - Inflation, Economy: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=35943784
Iraq's - Political Elections: http://www.iraqdirectory.com/DisplayNews.aspx?id=12698
Iraq's - Positive Stories: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=49249436
Iraq's - Security Council Report: http://www.securitycouncilreport.org/site/c.glKWLeMTIsG/b.6115649/k.8807/July_2010brIraq.htm
Iraq's - Negative Articles, Fraud Cases: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=34465158
Iraq's - Air Ports: http://www.airiraqco.com/index.htm
Iraq's - Utilities, Power and Water: http://www.reuters.com/article/marketsNews/idUSL524628320090105
Iraq's - Posts to remember: http://en.aswataliraq.info/
These links below are from another board. They will be soon posted from this board. But They all share same info.
US Banks that will exchange Iraq's Dinar
- Chase Bank - Bank of America - TD Bank - HSBC - CITI Bank - Wells Fargo (selected branches) - Compass Bank - 5/3rd Bank - Regions
Conferance Calls:
- http://dinarspeculation.com/2010/04/30/4-29-10-rv-intel-conference-call/
How to check exchange rate
- http://www.cbi.iq/index.php?pid=CurrencyAuctions
- http://www.xe.com/ucc/
- http://www.ameinfo.com/currency
- http://www.ameinfo.com/cgi-bin/cms/page.cgi
- You own local Bank representative
Iraq Dinar Possative Video's
- CNBC ................................................ http://www.youtube.com/watch?v=0m6E76f__20&feature=related
- CNBC ................................................ http://www.youtube.com/watch?v=fHnpSVRTCFI&feature=related
- CNBC Cramer .................................. http://www.youtube.com/watch?v=Eg98H_LYk5Q&feature=related
- CNBC Dinar Trade ..................... http://www.youtube.com/watch?v=kvKrqeOf9oc&feature=related
- www.JackDeangelisShow.com ........ http://www.youtube.com/watch?v=CWqtZjx1Lk0&feature=player_embedded
- ........................................................................................................................... http://www.youtube.com/watch?v=cEE3ac1i0EI&feature=related
- ........................................................................................... http://www.youtube.com/watch?v=xFa-VGI3APc&feature=related style="font-size: medium">
- ........................................................................................... http://www.youtube.com/watch?v=08wzRAj9KMs&feature=related style="font-size: medium">
- ........................................................................................... http://www.youtube.com/watch?v=1UicRAmO29A&feature=related
- UV Light Test ...................................................................... http://www.youtube.com/watch?v=--RA_6DiyVY&feature=related
- 5%, 70.................................................................................................................. http://www.youtube.com/watch?v=F-QA2rkpBSY&feature=related
- Embasitor Charles Reese, Economic Development in Iraq ................... http://www.youtube.com/watch?v=x9ZloxxC-ac&feature=player_embedded#!
- The War in Iraq and the American Economy ............................................... http://www.youtube.com/watch?v=FdsymLhCDbE&feature=related
- Jordan Questions Henry Paulson ............................................. http://www.youtube.com/watch?v=XlQeTFfdaPM&feature=related
- Hillary Rodham Clinton and Minister Hoshyar Zebari .......... http://link.brightcove.com/services/player/bcpid1705667530?bctid=111866364001
United States Department of State
http://www.state.gov/p/nea/rls/rpt/c34687.htm
Tax Links:
- http://www.moneychimp.com/features/capgain.htm
- http://www.moneychimp.com/features/capgain.htm
- http://en.wikipedia.org/wiki/Capital_gains_tax_in_the_United_States
- http://www.investopedia.com/articles/pf/07/capitalgains.asp?viewed=1
Iraq News:
< < < IRAQ'S NEWS SCOURSES: > > >
http://www.imf.org/external/country/IRQ/index.htm
http://iraq.usembassy.gov/iraq/20070214_iraqi_budget.html
http://www.imf.org/external/country/IRQ/index.htm
BANKING: http://en.wikipedia.org/wiki/Money_supply
Central Bank of Iraq: http://www.cbi.iq/index2.htm Exchange Rate: http://www.cbi.iq/index2.htm
New Iraq Currency: http://NewIraqCurrency.com
Iraq Stock Exchange / Daily Bulletin Sunday 7 September 2008: http://www.isx-iq.net/page/english/bulletins/day/2008/9/7-9-e.htm
Offshore Banking:
Currency Iraq's Dinar Venders:
The New Iraqi Dinar banknotes, printed by De La Rue, boast of the most up-to-date anti-counterfeit features, including watermarks, an embedded metallic strip, raised letters, an optical variable ink that can be seen only under ultra violet light, metallic ink and other variations to thwart off counterfeiters. In addition, it has high-quality paper that makes the colorful Dinar very hard to counterfeit. And of course there are other security features that have not been disclosed by the Iraqi Ministry of Finance.
Three of the easiest ways to verify the authenticity of the new Iraqi Dinar are:
1) Use black light to test for watermarks such as the horse head.
2) Use a special pen to detect fake bills with changing color - available from your local office supply store.
3) Hold the 25,000 and 10,000 Iraqi Dinar up to a light tilting it back and forth, the color changing ink will look much like a hologram.
Q. What is it that allows American citizens to invest in Iraq?
A. Presidential Order 13303: Allows US Citizens to invest in the new Iraq. Under this order and the Coalition Provisional Government Order 39, a US Citizen has the same rights to investments as an Iraqi citizen.
Notes:
Iraqi Oil Photos:
http://media.ft.com/cms/88df8636-0395-11dc-a931-000b5df10621.swf
ISX hot links
http://www.investorshub.com/boards/read_msg.asp?message_id=15860234
When the Dinar first came out in 2003 it was 4000 Dinar to $1 (American). Since then it has increased to 1290 Dinar to $1 (American) even during all the conflict and destruction to the oil refineries.
Here are some keynotes about this unique opportunity:
Prior to the Gulf War, 1 million Iraqi Dinar = US $3,200,000.(1 DINAR=$3.20 to 1 American dollar)
Now you can buy 1 million Iraqi Dinar for only US $760.
Iraq is the second leading oil producing country in the world,
and since October, 2003 the Iraqi Dinar has already appreciated 25%.
Forecasters are predicting continued appreciation of the Iraqi Dinar.
You invest $760 to purchase 1 million Iraqi Dinar.
Profit of $9,240 if the Iraqi Dinar appreciates to 1 Iraqi Dinar = 1 penny.
1 million Iraqi Dinar will = US $10,000.
Profit of $3,199,240 if the Iraqi Dinar appreciates to the pre-Gulf War rates.
1 million Iraqi Dinar will = US $3,200,000.
Kuwait Example:
Prior to Saddam Hussein Invading Kuwait: 1M Dinar = US $2,790,000
After the Kuwait invasion by Iraq: 1M Dinar = US $100,000
Today 1M Dinar = US $3,423,000*
*That's a 34-fold increase
On 11/12/06 the Kuwait Dinar is worth $3.84
Potential Value increase of a 1 Million Iraqi Dinar holding if the value of Iraqi Dinar increases to:
The resulting value of your 1,000,000 Dinar would be:
$0.01=$10,000
$0.10=$100,000
$0.20=$200,000
$0.50=$500,000
$1.00=$1,000,000
History of Iraqi Dinar and Iraq Dinar Stock Exchange
1932 Currency unit consisting of 1,000 fils or 20 dirhams. When officially introduced at the end of the British mandate (1932), the Iraqi dinar was equal to, and was linked to, the British pound sterling, which at that time was equal to US$4.86.
1932–1949
1949–1971 Iraqi dinar (ID) equaled US$4.86 between 1932 and 1949 and after devaluation in 1949, equaled US$2.80 between 1949 and 1971.
1959–1967 Iraq officially uncoupled the Iraqi Dinar from the pound sterling as a gesture of independence in 1959, but the Iraqi dinar remained at parity with the pound until the British unit of currency was again devalued in 1967.
1971 One Iraqi dinar remained equal to US$2.80 until December 1971, when major realignments of world currencies began.
1973 Upon the devaluation of the United States dollar in 1973, the Iraqi Dinar appreciated to US$3.39.
1980 It remained at this level until the outbreak of the Iran-Iraq War in 1980.
1982 In 1982 Iraq devalued the dinar by 5 percent, to a value equal to US$3.22, and sustained this official exchange rate without additional devaluation despite mounting debt.
1988 In early 1988, the official dinar-dollar exchange rate was still Iraqi dinar (ID)1 to US$3.22; however, with estimates of the nation’s inflation rate ranging from 25 percent to 50 percent per year in 1985 and 1986, the dinar’s real transaction value, or black market exchange rate, was far lower-only about half the 1986 official rate.
1986–2003 1986–2003 between .33 cents to 1.32 to a dollar.
2001 Oil-production: 2.452 million bbl/day (2001 est.); note — production was disrupted as a result of the March-April 2003 war (2001 est.) 2002 GDP: purchasing power parity — $58 billion (2002 est.)
2002 Exports–partners:US 40.9%, Canada 8.2%, France 8.2%, Jordan 7.5%, Netherlands 6.4%, Italy 5.4%, Morocco 4.7%, Spain 4.4% (2002)
2003 In october 2003, the official Dinar-dollar exchange rate was ID1 to US$0.00027.
2004–2005 August 2004 till 2005, the official dinar-dollar exchange rate is ID1 to US$0.00068. Population: 25,374,691 (July 2004 est.) 2006 As of Jan 1st 2006, the official Iraqi dinar-US dollar exchange rate is ID1 to US$$0.00067.
Positive Changes in Iraq
Upon Saddam Hussein’s deposition in 2003, Iraq has undergone political and economic changes. Many believe that the re-building of Iraq’s infrastructure will stabilize Iraq socially, politically, and economically. With the new government establishing a new monetary system that encourages foreign investment, and the central bank of Iraq awarding foreign licences, many also believe that the value of the new Iraqi Dinar banknote is poised to escalate.
More Treasury Bills on the Way
The government of Iraq will issue more Treasury bills to the secondary market. For the first time in years, the central bank auctioned Treasury bills in July. Thus far, local banks have bought 900 billion Iraqi dinars ($628 million) worth of three-month bills with coupons ranging between 2.5 percent and 6.8 percent. To improve Iraq’s local currency, the dinar against the dollar, Iraq’s central bank also plans to build up its foreign-currency reserves.
Creating viable domestic capital markets will start the process of trimming the massive pre-war debt. Iraq’s path to debt reduction along with the generosity of the Paris Club by forgiving 80% of Iraq’s debt is good news for the Iraqi economy. Iraq’s growth-oriented policy, along with Iraq’s prospects of economic stability makes investing in the dinar potentially lucrative.
The Central Bank of Iraq
For the first time in decades, the central bank of Iraq awarded foreign bank licences to the following banks: HSBC, Standard Chartered, National Bank of Kuwait, Iranian National Bank, Commercial Housing bank, and Bahraini Arab Banking Institute. The Bahraini Arab Banking Institute is listed on the Bahrain, Kuwait, and Paris stock exchanges, and its major shareholders include the Kuwait Investment Authority, the central bank of Libya, and the Abu Dhabi Investment Authority. Granting foreign licences and liberalizing interest rates will create a vibrant free-market economy. Iraq’s re-invigorated banking policies will positively effect the value of the dinar in the near future.
The Potential of the Dinar
Prior to United Nations sanctions, the Iraqi dinar traded at 3.35 per U.S. dollar, and prior to the war in Iraq, the Iraqi dinar traded at .33 U.S. Dollars. During major combat operations, the Iraqi dinar declined to an all time low. However, after major combat operations, the value of the dinar increased 25%. Countries such as Germany (post WWII) and Kuwait (post Iraqi invasion) experienced a similar devaluation of their currency, but both countries recovered. Today, the dinar has increased from 3,500 against the dollar during the U.S. led invasion last year to 1,400 against the U.S. dollar. Imagine the growth potential of the Iraqi dinar once Iraq recovers and begins to enjoy the potential revenue of a country rich in oil and other natural resources.
The New Iraqi Dinar Banknote
Today, De La Rue, the world’s largest commercial security printer and papermaker based in Great Britian, prints the new Iraqi dinar banknote. The new Iraqi dinar banknote has various security features making the dinar very difficult to counterfiet, and the dinar banknote is now available in 50, 250, 1000, 5000, 10000, and 25000 bills. With the re-building of Iraq’s infrastructure and with the prospect of stability at hand, the Iraqi dinar is quickly becoming a very attractive investment opportunity.
_________________________________________
Here is a list of acronyms that are commonly used in Iraq.
http://investorshub.advfn.com/boards/read_msg.asp?message_id=27652141
Currency Transaction Report
http://msb.gov/pdf/fin104_ctr.pdf
Understanding Currency Terms (M0, M1, M2, M3 etc.)
http://en.wikipedia.org/wiki/Money_supply
Do yourself a favor, watch this video;
http://video.google.com/videoplay?docid=3340274697167011147&q=lindsey+williams&total=806&start=0&num=10&so=0&type=search&plindex=0
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