It does look like this is "old news" though. This announcement was made on the Warka site back on March 22, 2010.

This is EXCELLENT news! Anything making the dinar harder to get is wonderful. This should make the value go up. Could be a real sign that the reval is about to happen. Strap on your seatbelts, the ride is about to get exhilarating!

"The United States has been forgiving debt for other countries for as long as I can rememebr. MANY many times it's happened"

But normally when the US forgives debt the country isn't sitting on a huge "goldmine". Iraq is sitting on one of the largest "goldmines" in human history!

Iraqi PM Maliki injured in assassination bid amid election lead

DEBKAfile Exclusive Report

March 15, 2010

Intelligence and Baghdad sources disclose that prime minister Nouri al-Maliki was injured in an attempt on his life last Thursday, March 11. His armored convoy came under an RPG-automatic fire attack after a bomb hit his car. US and Iraqi authorities have blacked out the incident, but our sources learn that Maliki is being treated for moderate-to-serious injuries at the American military hospital. One source says he was hit in the arm. His doctors apparently found his condition was too serious for him to face TV cameras and deliver a broadcast statement to the nation scheduled Sunday March 14, although members of his State of the Law party were beginning to ask questions about his disappearance.

As the counting of votes continues in Iraq's general election, it confirms the Maliki party's lead against its foremost rival, former prime minister Iyad Allawi's secular al-Iraqiya bloc of liberal Shiites and Sunni Muslims.

Allawi's is running an active campaign to prove widespread vote-rigging both in the balloting of the 19 million eligible voters in the country and the more one and a half-million ballots outside.

Maliki is running ahead in seven to nine provinces. Still, Allawi who appears to have carried five, hopes to unseat his rival and win a second term as prime minister.

The incumbent, a Shiite, is solidly backed from Washington as its best hope for a stable government that would allow the US military to pull out of Iraq on time in August, seven years after the invasion.

Saudi Arabia and Syria and some circles in the Obama administration promoted Allawi's bid.

The attack on Malliki was obviously aimed at getting rid of the American candidate for Iraqi prime minister. His State of the Law party is very much a one-man show. Without its leader, it would probably break up into factions and its winning parliamentary members attach themselves to other groupings in the 325-member House.

Source: Debka.com

ema, do you have any idea how we will most likely redeem or cash in our dinars when this happens as you describe? Normally after a reval and/or redom how do people outside of the country trade-in or cash-in their funds? What happened in Turkey after they adjusted their currency? Will American banks be an option? I purchased all of my dinars at Chase Bank before Chase stopping offering them. Do you think once the reval happens that Chase would again start dealing in dinars?

Ok....it's cool. Yeah I agree with you it's risky, don't ya think it's also risky to have all your IQD investment in one basket as in hard currency? Sure Warka is a risk, but having my 15 million Iraqi dinars all in large bills is maybe a risk too?...That I am trying to minimize by opening a WARKA account and maybe having 2 million dinar there as well. Also yeah we can "chase" after them better here...I guess....not sure Madoff victims would agree. But anyway...I'm a rookie and I guess this is my 3rd post of the day so I am at my limit for the day. Cya 2Morrow! :)

Yeah but how much money did American bankers steal?

Anybody know a real answer to my question instead of a diversion?

Rookie here, apologize if this has been previously discussed.

Would a WARKA account protect an IQD investor from most downsides of a LOP?

Lets say today I wire $5000 US Dollars to my Warka account, then authorize them to convert the dollars I wired to IQD.

So my account would show a "balance".

Isn't a balance in an account somewhat immune to a currency LOP, where-as if you hold real currency you could be effected more?