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LOL… thanks for making me work Tono.
A forward market for Iraqi currency.
Iraq will set up a market that will allow companies, individuals, and I guess other countries to purchase a set amount of dinar sometime in the future (forward) at a set price.
Say a grocery store chain in Turkey makes a deal with a date grower/seller in Iraq to buy 10,000 pounds of dates in July of 2012 for a set amount of dinars. Because they don’t know what the exchange rate might be in July of 2012, Iraq will allow them to enter into a contract right now that states Iraq will sell them a set amount of dinar in July 2012 for a price determined right now. A forward contract.
It just protects businesses and such from exchange rate fluctuations.
So, lop at the end of 2010 early 2011.
Regarding the fate of the project raise zeros from the currency promoted by the government in 2007, Saleh pointed out that "Itboukh Bank project on the backburner, and I expect to see the end of 2010 or early 2011 on the development project."
Actually, It was about Venezuela. Who's currency is called the Bolivar.
And obviously it didn't mean what he thought it meant.
"To improve the functioning of foreign exchange auctions, we plan to develop organized exchange markets outside the central bank, including an interbank foreign exchange market," it said.
"Our aim is to establish a forward market in Iraqi dinars in the near future."
Why would they state the above? The FOREX is obviously a well established market. They are not going on the FOREX.
As they state they will DEVELOPE and ESTABLISH an organized market.
That is a "foward market". A market they establish to trade dinar.
Disagree all you want, talk about egg on face all you want. It doesn’t change the fact that you are wrong.
Iraq says they will create a “Forward Market” for the dinar.
This isn’t hard; it shouldn’t take a rocket scientist.
Look up “forward market”
You will see that a forward market is NOT a normal exchange. It is an OTC exchange.
I would think people dealing in penny stocks would understand this.
By stating they will create a “forward market”, Iraq is stating the dinar will NOT be on the forex.
Anyone claiming otherwise is seriously distorting facts and being misleading
Here Wayne... this is what your looking for.
http://www.dinarbanker.com/2010-iraqi-dinar-news/aim-is-to-establish-a-forward-market-in-iraqi-dinars-in-the-near-future.html
"To improve the functioning of foreign exchange auctions, we plan to develop organized exchange markets outside the central bank, including an interbank foreign exchange market," it said.
"Our aim is to establish a forward market in Iraqi dinars in the near future."
More misinformation from the pumpers.
A lot of the due diligence experts claimed that this “Forward Market” Iraq is talking about means they are going on the FOREX.
Well… it’s amazing just how many times these guys can be wrong… or lie… neither is good for investment advice.
http://en.wikipedia.org/wiki/Forward%5Fmarket
The forward market is the over-the-counter financial market in contracts for future delivery, so called forward contracts. Forward contracts are personalized between parties.
Over-the-counter (OTC) or off-exchange trading is to trade financial instruments such as stocks, bonds, commodities or derivatives directly between two parties. It is contrasted with exchange trading, which occurs via facilities constructed for the purpose of trading (i.e., exchanges), such as futures exchanges or stock exchanges.
So the facts are the exact opposite from what the gurus claim... the FACTS are Iraq is actually telling you that the dinar will not be on the FOREX.
Can't PM. I guess that would require a really big shoe box.
This investment has nothing to do with the Forex... ZERO.
It's more about shoe boxes hidden in the closet.
I think I'll call in.
When this things lops....
http://www.phonedetective.com/PD.aspx?_act=preview&_pho=7605697676
Tim... I've said it's based on the couple articles that stated they would go from 20 some trillion to 15 billion.
Removing 3 zeros and exchanging all currency would be from 20 trillion to 20 billion.
Per those articles, it looks like about 5 trillion will not get exchnaged.
If you have a better explanation of what will happen to those 5 trillion, I'd love to hear it.
I'm still not sure they will do it that way... but those articles saying they will go from 20 trillion to 15 billion would concern me if I held cash.
Thing is... Iraq didn't give a crap about them smuggling it out.
They made a boat load of money off speculators. But you watch... I bet they will suddenly become quite concerned about smuggled currency once the lop happens.
They smuggled it out, you better hope they got a plan to smuggle it back in so you can get maybe 50% of your money back when the lop is enacted.
Lop with a freeze out coming. Cash outside of Iraq going to ZERO.
Blocking currency from re-entering Iraq.
Dear Warka Clients,
Please note that we have just been informed that Iraqi Customs will no longer permit courier companies to receive and deliver packages containing funds of any currency and strictly prohibits this matter locally. The client will bear the full responsibility and risk of sending funds by mail where the bank will not bear any financial or legal responsibility for the funds sent by mail.
Best regards,
Warka Bank for Investment and Finance
http://www.warka-bank.com/inner.php?type=3&id=74
Hey… that’s in the IBOX, that’s fact you know. LOL
That’s really is a good one. I remember many times hearing “Iraq must RV or they will be giving the country away for pennies on the dollar”.
It never made any sense… but now it seems they’ve come full circle because this plan requires Iraq to give the country away for pennies on the dollar just to RV.
Think about how ludicrous this plan is.
Say they RV to 1:1… and the Fed takes in 5 trillion dinars and somehow comes up with $5 Trillion to pay people off. So the fed destroys the currency and ask for oil as payment.
Iraq currently sells 2 million barrels a day at say $85 a barrel. That’s $62 Billion a year.
Iraq would have to give us all their oil for the next 80 years to pay that off that 5 Trillion. Iraq would have practically no revenues for the next 80 years.
And remember…. that would only take care of 5 Trillion… they would still have about 20 trillion floating around… and they would be flat broke for 80 years.
Sounds like a great plan to me!!
This also would be a great sticky.
What do you think exchange means???? LOL
I busted this scam line a long time ago.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=19978344
Careful of what?
Based on what?
36 cents you say?
Per that chart which uses 08 M1 numbers.
The US latest M1 number is 1.6 Trillion dollars.
Iraq's latest M1 number is 38 Trillion dinars.
If they valued each at 36 cents, they would have $13.6 Trillion worth of dinar.
That's over 8 times more than than the US.
That sounds about right?????????
Remember... money supply is to support the economy.
The US economy is $13 Trillion a year.
Iraq economy is about $70 Billion a year. (and 90% of that is from oil sold in dollars, so they have only about 10 Billion a year in dinar economy)
So the US has an economy 185 times larger, and Iraq would have 8 times more currency.
The US economy is 1300 times larger if compared to Iraqs $10 billion dinar economy.
This shoud be a sticky!
There is no record of the US buying 1 single dinar. Most of your points in the IBOX are twisted and misleading.
Yes... they could be pre-announcing to the world a 100,000% increase... sure.
Why would they use those other countries that lopped as examples?
Why would they specifically say "This procedure is not new in the global economic experiments"??
That's very true of lops... it's certainly not true of any big RV.
There's a bit more to it then just the Exchange Rate. You have to look at the amount of currency they have also. Iraq has 46 trillion in M2. How much does the DR have? Very little in comparison.
check this out. Here is the proof.
http://www.photius.com/rankings/economy/stock_of_money_2010_0.html
Iraq is # 31, they have $26 Billion in money stock.
The DR is # 62, they only have $3.6 billion.
So Iraq has over 7 times more currency than the DR.
See how exchange rate doesn't tell the whole story.
Those numbers are from the end of 08, but they're still relevent.
Project is to drop three zeroes from the Iraqi dinar
Bilal Overture / House of Wisdom
Project is to drop three zeroes from the Iraqi dinar projects strategically in line with the development which is expected to be witnessed by the Iraqi economy in the next stage. This procedure is not new in the global economic experiments, there are many experiences, most notably the experience of Germany after World War II.
Terms of solving the mark and then replace Alrajksmarck solution Aldug Mark misplaced. In 1924 Mark was Alrienten new equivalent trillion × 1210 of old brands. In Hungary Forint replace Alpinko solution, and in Austria schilling solution replace the Crowne, and finally deleted Turkey in recent years, six zeros from the currency. [color=red]Those were all lops[/color]
. The process of deleting three zeros from Iraqi dinar final procedural process for the treatment of the phenomenon of inflation, which hit the Iraqi economy during the eighties and nineties of the last century(how many times have I said the lop was to get rid of the inflation effects from the eighties and ninties), with accelerated rates of inflation increased at serious to become one of the most pressing economic problems. Costs are high for the wars is one of the most powerful source of inflationary pressures.
Indeed, he has increased the index to consumer price three times in the eighties, and rose up to (300) during the time period (1991-2002 (, the government has exhausted the economy Bmjhodat additional spending by doubling the war.
In such an economy-heavy military spending, the additional government expenditures, also have a role in raising the output prices and, therefore, the continued increase in public expenditure led to a continuing tendency to increase prices and inflation. As a result of structural imbalances and the depletion of foreign reserves reached the exchange rate in 1995 to more than (2800) dinars per dollar, and then improved slightly after the implementation of the Memorandum of Understanding with the United Nations in 1996, and in 2003 reached approximately (1896) dinars per dollar.
It should be emphasized that the treatment of the phenomenon of inflation should be preceded by the process of removing zeros and concerted efforts of the monetary and fiscal policy to achieve this goal, the pressures of inflationary might arise from a number of reasons for working at the same time even though they differ in kind and degree from one country to another in the same country From time to time.
The entrance Cash believes that the authorities responsible for the money supply should adopt targets for the increase in the money supply so as to be consistent with the rate of increase in gross national product and then trying to make reductions to the expansion of cash consistent with the target level.
Given the fact that the inflation several reasons it should be understood that treatment of each type of these species differs something, depending on the different type, if the cause of inflation is excessive government spending, funded through the budget deficit and the consequent successive increases in the money supply and increases in wages and salaries , the treatment not be successful if you think the government to reduce expenditure only, or the money supply as recommended by the entrance of cash. Monetary and fiscal policies are restrictive processor module when the cause is excess demand, but this type of policy can not be used freely when the cause of inflation cost.
After the enjoyment of the Iraqi Central Bank independence true under the new law gave the goal of price stability and reducing inflation rates weight the largest in the strategy of monetary policy, is the auction of foreign-exchange tool provided in the current circumstances to control monetary expansion, and the auction is to cover the costs of imports, as well as contributing to reduce the money supply. (lot of talk about money supply, something the gurus ignore.) It should be noted the need for effective coordination between fiscal and monetary policies must be to get rid of excess money supply. The objective of monetary stability must be consistent with the goal of the level of foreign reserves in order to avoid impeding trade and account for external shocks and therefore, the use of a tool auction must be consistent with the minimum target for the reserves of foreign countries. This policy has achieved, in addition to the effective operation of the open market a remarkable success in controlling monetary growth and improve the purchasing power of the Iraqi dinar. After the dollar was equivalent to 1896 in 2003 became the equivalent of 1177 dinars by the end of September 2008, as estimated by the CBI that the core inflation rate was 12% (excluding fuel prices and transportation) in August 2008, and whether the calculated inflation rates by the Bank Central or the Ministry of Planning does not appear that there is a tendency for price rises continued to evolve into runaway inflation.
Has shown the past six years of confusion in the relationship between fiscal and monetary policies must be The picture was clear to the extent that reveals limits of the relationship in addressing the economic problems faced by the Iraqi economy. The people of some economists and there is nothing contradictory in the treatment, especially the phenomenon of inflation stasis .. Authority of Finance to give priority to tackling unemployment, and thus trying to follow an expansionist policy is the carry high rates of inflation compared to decline in the future after supply to expand commodity resulting from the increased production, while the view of monetary policy the opposite and trying to deal with inflation first and believes that the financial environment, monetary stable is a condition head of production, as well as the fact that the Iraqi economy is not flexible for several reasons, and therefore, this expansion is not appropriate now and will inevitably lead to inflation. Faced with that, the incompatibility of two policies mean altitude possible in the rates of inflation as a result of the expansionist policy of financial power, so you should take several actions, the process of deleting zeros other rings; it must adopt a plan to stimulate the recycling process, productivity and overall economic, in various agricultural and industrial sectors and service and deliberative, banking and investment, thereby promoting each episode the other in ushering in each reservoir, capacity and channels, actors, and a strategy for economic and human development to allow effective use of financial resources derived from a crude oil and to achieve capital accumulation, which sings the national wealth, should also improve economic performance through the establishment of a comprehensive renaissance in the sectors of Iraq's national income to develop a positive performance in the real value of income and no monetary value.
It should also adopt long-term plan for the implementation of the project, to avoid any free commuting reflected in the monetary arena, because of the large mass of cash in the Iraqi market, which tend to marginally exchange dealing, rather than the use of advanced banking payment.
Finally, it should be noted that of the most important problems that can accompany the process of deleting the zeroes are the accounting problems of the many that have accompanied it, and of re-assessment of debt and financial obligations between individuals and institutions. If a financial institution has granted a loan of ten million dinars When deleting zeros will recovered ten thousand dinars, which means the language of accounting loss for the lending institution the amount of nine hundred and ninety-nine thousand dinars.
This may be remedied this problem by providing a new currency, according to a special project to re-pay existing contracts of old currency. In this context, some countries (eg Argentina in 1985 and Brazil in 1986) designed a kind of monetary reform is more complicated for the return of long-term loans to pay the new currency, but the interest rate is adapted to a new format.
In general, the countries which tried hyperinflation was suffering from a level too low international reserves making it in the position of defending a weak exchange rate and stable prices, which paid for the use of technical and financial assistance from international and regional organizations has enabled it to balance of payments support.
http://translate.google.com/translate?hl=en&sl=ar&u=http://www.almadapaper.net/news.php%3Faction%3Dview%26id%3D16718&ei=T7LVS_WWM4jaNoTGtNID&sa=X&oi=translate&ct=result&resnum=3&ved=0CFIQ7gEwAg&prev=/search%3Fq%3D%25D8%25A7%25D9%2584%25D8%25A3%25D8%25B5%25D9%2581%25D8%25A7%25D8%25B1%2B%25D8%25A7%25D9%2584%25D8%25AF%25D9%258A%25D9%2586%25D8%25A7%25D8%25B1%2B%25D8%25A7%25D9%2584%25D8%25B9%25D8%25B1%25D8%25A7%25D9%2582%25D9%258A%26hl%3Den%26safe%3Dactive%26sa%3DG%26tbo%3D1%26tbs%3Dqdr:d
Everyone at the bank? Cashin' in?
I think you're all rich buddy. I'd head to the bank first thing in the morning.
Importance of the lifting of the zeroes
On: Sunday 04/25/2010 22:03
Baghdad / Wedding Shawki - Qais Eden
Count representative of President Jalal Almactp at the conclusion of the work of the first-term economic planning institution long for this important conference, including a very important step in the interests of the developments in the Iraqi economy to a market economy. He praised Almactp research at hand and promise the highest value is proud of Iraq.
Abbas said Ghalibi Chairman of the Preparatory Committee: The Conference discussed a number of research presented by academics and economists from the government sector, private and came up with recommendations inter alia: the importance of finding a mechanism for coordination between the two policies of fiscal and monetary to accomplish economic reform, effectively, as the contradiction and conflict between two policies of financial monetary and adversely affect the results ultimately envisaged for Both policies are needed to promote greater transparency and disclosure in financial institutions are financial and development of official classification of the creditworthiness of Iraq by the rating agencies international credit are officially supported, especially after the emergence of institutions of national statistics with an appropriate degree of transparency. He also noted the positive achievements made by the Central Bank in the area of stability of the exchange rate of the dinar against the dollar. Given the importance of the lifting of the zeroes recommendations emphasized the importance of studying the topic in terms of timing and the negative effects anticipated; as it is supposed to be final action .Because of the fluctuating price of oil, and even variability, we have to deal with this fact, hedging and an increased tendency for savings of additional resources.
. He drew the conference to the importance of paying attention to economic and social imbalances when you apply some of the recommendations of the Fund Iraq's economic and mobilize economic policies, monetary, financial and institutional, legislative, thus increasing the contribution of national and foreign investment, especially in non-oil sectors to increase its contribution to GDP. investment in a way (Build, Operate and Transfer) to relieve the pressure on the budget, investment in infrastructure development, especially in road and electricity projects.
Details of an expanded p. 13
http://translate.google.com/translate?hl=en&sl=ar&u=http://www.almadapaper.net/news.php%3Faction%3Dview%26id%3D16637&ei=hozUS6eAD8WAlAeCmdDtDA&sa=X&oi=translate&ct=result&resnum=3&ved=0CEwQ7gEwAg&prev=/search%3Fq%3D%25D8%25A7%25D9%2584%25D8%25A3%25D8%25B5%25D9%2581%25D8%25A7%25D8%25B1%2B%25D8%25A7%25D9%2584%25D8%25AF%25D9%258A%25D9%2586%25D8%25A7%25D8%25B1%2B%25D8%25A7%25D9%2584%25D8%25B9%25D8%25B1%25D8%25A7%25D9%2582%25D9%258A%26hl%3Den%26safe%3Dactive%26sa%3DG%26tbo%3D1%26tbs%3Dqdr:d
Funny that they had to add this little blurb about the dinar.
OANDA does not exchange Iraqi Dinars (including physical banknotes) to any other currency.
Absolutely... begging for a loan. :)
Although I'm sure I don't have to worry about that outcome.
I just really look forward to hearing what you guys say when the lop actually happens. The CBI has been saying for 3 years now that they are going to lop, and all the numbers to back up a lop have been there and reported for years now also.
The excuses should be highly entertaining.
The CBI reports it, that's how the amount is known. The CBI also states that the numbers they report take into account any dinar that they are buying back.
http://www.cbi.iq/documents/key_financial.xls
Those numbers currently stand at...
M2 46 Trillion
M1 38 Trillion
Currency in circulation outside of banks, 22 Trillion.
Those are the numbers reported by the Central Bank of Iraq.
You are free to call them liars.
Scam Busters talk about dinar
http://www.scambusters.org/creditreport.html
Still more DINAR SCAM info
More DINAR SCAM info.
http://bizcovering.com/investing/the-iraqi-dinar-scam/
Now if Iraq was to RV to 1:1, they would go to over $26 Trillion, which would be more than all the others combined.
Realistic... absolutly no.
Also... notice that Iraq, even with a .00085 exchnage rate, has a bigger money supply than Kuwait with that 3.40 rate.
That crushes the Iraq to Kuwait comparison the dinar gurus use.
Iraq is pretty much exactly where they should be on this list.
Someone please explain to me why Iraq should have more money than the rest of the world combined.
Money Stock Rankings.
Rank Country Value Date of Info
1 European Union $5,542,000,000,000 31 December 2008
2 Japan $5,417,000,000,000 31 December 2008
3 China $2,434,000,000,000 31 December 2008
4 United States $1,436,000,000,000 31 December 2008
5 Canada $356,200,000,000 31 December 2008
6 Russia $252,500,000,000 31 December 2008
7 Switzerland $207,000,000,000 31 December 2008
8 Sweden $185,400,000,000 31 December 2008
9 Denmark $143,000,000,000 31 December 2008
10 Poland $118,200,000,000 31 December 2008
11 Saudi Arabia $113,200,000,000 31 December 2008
12 Brazil $95,030,000,000 31 December 2008
13 Mexico $92,340,000,000 31 December 2008
14 Czech Republic $86,550,000,000 31 December 2008
15 Korea, South $80,660,000,000 31 December 2008
16 Venezuela $79,910,000,000 31 December 2008
17 Syria $73,540,000,000 31 December 2008
18 Hong Kong $63,030,000,000 31 December 2008
19 Algeria $60,910,000,000 31 December 2008
20 Turkey $53,250,000,000 31 December 2008
21 Singapore $52,570,000,000 31 December 2008
22 Malaysia $51,510,000,000 31 December 2008
23 South Africa $44,660,000,000 31 December 2008
24 Indonesia $41,710,000,000 31 December 2008
25 Nigeria $35,290,000,000 31 December 2008
26 Hungary $32,780,000,000 31 December 2008
27 Egypt $31,720,000,000 31 December 2008
28 Ukraine $29,240,000,000 31 December 2008
29 Thailand $28,760,000,000 31 December 2008
30 Libya $26,660,000,000 31 December 2008
31 Iraq $26,100,000,000 31 December 2008
32 Slovakia $25,520,000,000 31 December 2008
33 Romania $25,300,000,000 31 December 2008
34 Philippines $22,530,000,000 31 December 2008
35 Colombia $21,580,000,000 31 December 2008
36 Israel $20,730,000,000 31 December 2007
37 Kazakhstan $16,120,000,000 31 December 2008
38 Peru $15,420,000,000 31 December 2008
39 Kuwait $15,310,000,000 31 December 2008
40 Chile $14,720,000,000 31 December 2008
http://www.photius.com/rankings/economy/stock_of_money_2010_0.html
Lop discussed at economic conference.
(Voice of Iraq) - Baghdad / Laith Mohammad Reza
Start on Saturday of the Conference marked the first-term economic (economic reforms needed in Iraq) in the presence of a group of experts and analysts, academics and economists.
Chairperson of the Committee and said preparations for the Conference colleague Ghada Global: The conference includes the first four axes centered on investment and the private sector presents the second fiscal and monetary policies while the third axis in particular productive sectors, while the fourth is the axis of oil and energy.
And adding global: The conference, which lasts for two days will receive which seventeen in search, were distributed among the four themes, in the first day include the first session in search of Dr. Abdul Hussein Al-Anbuge (reform and privatization of public companies) and research of Dr. Abdullah al-Bandar (the developmental role of investment in light of the crisis World), while it will be discussed, Mr. and Walid Idi Abdel Nabi (foreign investment and its expected role in the development of the Iraqi economy and research (the role of small and medium private sector development) to Mr. Shirwan Anwar Mustafa, while the second session will include the Dr. appearance of Mohammed Saleh (Governance monetary policy of the Central Bank of Iraq: building a transparent and cost of external borrowing. what would be Dr. Falah Hassan Thuwaini (nature of the relationship between monetary policy and financial in Iraq after 2003 to discuss the latest of Mr. Abdul Aziz Hassoun (policies have cash, and financial impact to the gross domestic product) in the time, which will be discussed, Mr. Lal Overture (delete the three zeroes from the Iraqi dinar, a formality crowned the efforts of fiscal and monetary policies must be).
). And followed the Global: The second day of the conference will include the first meeting him to discuss Dr. Mohamed Saleh Turki al-Quraishi (the future of the growing economy between the market mechanism and government intervention: an economic perspective political growth and development) and in search of Mr. Farouk Saleh Ramadan (bank loans to the agricultural sector) and Dr. Muzaffar Hosni Ali (advantages of Iraq's accession to the WTO) will be Dr. Abdullah Al-Shawi (government support of the industrial sector of Iraq) The second session will include the Dr. Ahmed Rehn Ali (oil economy and investment licenses) either Dr. Abdul Jabbar Aboud Hilfi will (Iraqi oil Under the new Foreign Affairs) and Dr. Abdul-Karim Abdullah (a vision in revenue after oil exports in GDP growth in Iraq).
In addition to reading research participation from outside Iraq, which will be conducted by Dr. Falah Khalaf al-Rubaie and Acanutop Hanaa Abdel-Ghaffar al-Samarrai and Acanutorthair Ani.
And confirmed that the global conference will come out of a set of recommendations that would promote the national economy of Iraq.
http://translate.google.com/translate?hl=en&sl=ar&u=http://www.sotaliraq.com/iraqnews.php%3Fid%3D62627&ei=JPTRS6SVC4OBlAeK3NztDA&sa=X&oi=translate&ct=result&resnum=2&ved=0CE4Q7gEwAQ&prev=/search%3Fq%3D%25D8%25A7%25D9%2584%25D8%25A3%25D8%25B5%25D9%2581%25D8%25A7%25D8%25B1%2B%25D8%25A7%25D9%2584%25D8%25AF%25D9%258A%25D9%2586%25D8%25A7%25D8%25B1%2B%25D8%25A7%25D9%2584%25D8%25B9%25D8%25B1%25D8%25A7%25D9%2582%25D9%258A%26hl%3Den%26sa%3DG%26tbo%3D1%26tbs%3Dqdr:d
The so called economist is shown as a fraud right from the beginning.
He claims this when asked about the large amount of currency in circulation.
We raised the issue of the large number of IQD reported as being in circulation (current estimates are at 25 Trillion). He indicated this was mostly made up of (1) in country physical currency, (2) the foreign currency reserves of the central banks around the world which are electronic, (3) currency that had been printed but not released (i.e. small denomination bills) and (4) privately held physical currency sold to increase the foreign currency reserves.
If this guy was a real economist, heck, even if he was a decent fake economist he would know that electronic currency is not part of currency in circulation... and claiming printed but not released currency is included in the number is laughable.
This is a total joke perpetrated by a dinar dealer.
But it's o so worthy of a sticky.
Dinar dealer claims to interview economist is a much more honest title.
SCAM ALERT!!!
http://www.mint.com/blog/investing/iraqi-dinar-scam/
The bottom line
This is an investment opportunity marketed by unregistered advisors to mostly unsophisticated currency investors. No risks are disclosed and past information is fabricated or modified to make the opportunity look better than it really is. This investment is a gamble at best.
It’s no wonder you bought into this scam. I have told you twice now that we were talking about my claim that Iraq “MAY” block currency returning to the country.
I clearly stated when the lop is enacted there will be an exchange period.
I then said in a worse case scenario… they “MAY” blah blah blah.
I have not, nor will I try to retract my statement of “when it lops”. There are 20 or so articles that state they will lop, so I stand by my statement. It will lop.
Go back to making up super obscure acronyms. Your much better playing childish games.