Replies to post #21012 on Iraqi Dinar Discussion Board (IQD)

[ItsZep]

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?

[Aerospace]

The CBI will probably not put out an official statement until they actually implement the plan. They are trickeling the news out there so no one can say they weren't warned. If you wait for the actual announcement you will likely get trampled in a stamped of investors trying to get rid of their dinar.

the spokesman even stated in the article last week that they were going to go about this quitely....

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=46006844
Saleh pointed out that "past wars fought by Iraq, has caused the rise and inflation in the money supply of 25 billion dinars in 1980 to 23 trillion dinars now," asserting that "the Central Bank of Iraq moving in the direction of literacy zeros currency quietly, to avoid problems for the future" .