Right now it is equivilant to about .0012 since $1200 gets you a MILLION Dinar's. Before the second war, the old dinar was at .33 to the american dollar. Before the FIRST war it was 3 dinars to every dollar, so as the IRAQI dinar was worth more then the American dollar. Now a dollar buys you like 800 dinars.
When QBID hits, or cmkx, or usci, I plan on buying at least a Million dinars. If it goes to a penny its worth:
.01= $10,000
.025 = $25,000
.1 = $100,000
$1 = $1,000,000
What do you think? I mean we did invade them, capture their dictator and install a new government with NEW money. What will happen to the dinar when the Iraqi oil wells and reserves are tapped to 10% potential? 40% potential? 80% potential?
You can go lower in the amount of Dinars you can buy , however, amounts over 100,000 are normally given in 25,000 dinar notes. You can buy as low as 1000 dinars, HOWEVER to buy a MILLION dinars in 1000 notes, would cost you about 1700. So maybe 1/2in 1000 notes, 1/4 in 5000 notes and the rest in 25,000 notes.
I am going to try and save up here and there but hopefully cmkx hits soon, or even QBID (which has been sooooo good to me).
Even if it only went to a dime (the dinar that is) a million equalls 100,000 in currency... and come on... how sexy is having one million Iraqi Dinars in your portfolio or closet?!?!?hehehe...
-John
p.s. I cut and pasted my reply from the old thread but this posting gives you a nice start off to investigate...
Currently the price for 1 million dinars is between 1200-1400 depending upon which website/securities firm you go to. I doubt we'll get the cheaper $700 for a million since where on earth do we go to get the dinars?!? The Iraqi Bank of New York?!?!? lol, so we are stuck paying the middle men. However I am looking for less expensive places to buy the dinar but the lower priced ones seem a tad shady, so I don't know,lol...
Now here is the real kicker... If Iran is ever invaded, for whatever reason, their dollar/dinar will be nixed for a newer one. We can make a fortune just by waging war. Now imagine if we gave our troops a flat cut of the dinars, then tell them they can hold the dinars for two years, in which time the government would HAVE to keep them in circulation, under US orders. The dinar rises against OUR dollar, our troops then are allowed to unload their dinars at the market levels, allowing them to cash in. So for instance, we give each solider 3 million dinars, once the area is stablizied the value will rise. In theory we could reward even greater our troops who fight, giving them a huge financial obligation to make things work where they are fighting. I know it sounds sick, but seriously, If somebody said, hey you have to fight, but here are your three million dinars, if we can get this country back upto speed in a year and a half, and the value of the dinar is at a dime, you get three hundred thousand dollars in currency that you can trade back into dollars. Now if we do this in Syria, Iran, North Korea.... perhaps people will be more willing to 'kick ass' if they had a clear finicial 'reward' in sight.
-john
My sisters b/f who I talked into getting QBID told me about his friend who is buying Dinars. My sisters b/f is buying a million, that luckly @*^$%#$! I think there is potential here...
-John
quote:
Originally posted by brandnewtrader:
i am a novice, how would one BUY the dinar?
you could use a currency exchange.. .like in a major city or in an international airport, but you'll pay a hefty exchange fee.. or you could go to ebay
take the space out after the word "from" and paste into your browser.
[This message has been edited by pharmdman (edited June 10, 2004).]
[This message has been edited by pharmdman (edited June 10, 2004).]
P.S. I thought I was the only one jumping on this train...the site is very informative. GTLA!!!
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Learn the difference between a rollercoaster and a ROCKET!!
I wonder if we could contact perhaps an american authority or iraqi fanicial reserve person (if there even is one yet) about sending our funds directly to the iraqi bank, maybe we could get them cheaper? I am not sure.
You know I have been offered to go to Pakistan for two weeks, the only thing I would have to pay for is the plane ticket...(I am being serious)
I could hitchhike from Lahore to Babylon right? I mean I would only have to travel through Afghanistan and Iran, but that shouldn't be too bad, right 
I'll just walk upto the Iraqi Bank on Baghdad street and whip out my American greenbacks and get us our dinars and march my butt right back to Lahore! You know what, I'll make our money increase ten fold. I can pick up a few pounds of opium when I make a pit stop in Afghanistan... then with opium in hand and dinars in pocket, I will come back here and live like a king, a PERSIAN KING! YES, YES THAT IS IT!
-JOHN
[This message has been edited by bauer (edited June 10, 2004).]
quote:
Originally posted by Smctbone:
So let me get this straight...
You're saying we can buy dinar right now at its low value, either through ebay or currency exchange...and in a year or two or three we can go to the currency exchange and get $US for the dinar at its high value?
Yes... like after they're a competitive, oil-producing nation again...
quote:
Originally posted by bauer:
Man what they hey. I bought 2 million dinars on ebay for 1710. Cheaper then buydinar.com's 2600[This message has been edited by bauer (edited June 10, 2004).]
where did you get that deal, bauer??! 
quote:
Originally posted by Smctbone:
So let me get this straight...
You're saying we can buy dinar right now at its low value, either through ebay or currency exchange...and in a year or two or three we can go to the currency exchange and get $US for the dinar at its high value?
Check it out!! Go here: www.buydinar.com
Informative Echange site: http://www.intrustbank.com/Business/International/HowTo018.aspx
P.S. My last post I meant GLTA...LOL!!
------------------
Learn the difference between a rollercoaster and a ROCKET!!
Great post! They are a bit more pricey BUT the are a member of the better business buerua (sp?!)
they only take orders for 1 million or more...
Ebay looks like a great alternative, but you may get hit for s/h.
I found a site that allows you to buy in small notes, 1000,5000 10000 dinar notes. However each 1000 note is $1.70 american or 1 dinar for .0017 american... I mean if you only have 50 dollars, you can get like 40 1000 dinar notes, not a bad start, I mean 50 dollars a week and within six weeks you'll have almost 250,000 dinars and in small notes. I like the small note sbecause if the dinar goes to a penny, a 1000 note is equal to ten american dollars, at a dime, you basically have a one hundred dollar bill. versus having a 25,000 dinar note. I guess it all depends upon what you like big notes or smaller ones...
-John
quote:
Originally posted by pharmdman:
where did you get that deal, bauer??!
quote:
Originally posted by JBCak47:
YOUNGFETTCHINIGreat post! They are a bit more pricey BUT the are a member of the better business buerua (sp?!)
they only take orders for 1 million or more...
Ebay looks like a great alternative, but you may get hit for s/h.
I found a site that allows you to buy in small notes, 1000,5000 10000 dinar notes. However each 1000 note is $1.70 american or 1 dinar for .0017 american... I mean if you only have 50 dollars, you can get like 40 1000 dinar notes, not a bad start, I mean 50 dollars a week and within six weeks you'll have almost 250,000 dinars and in small notes. I like the small note sbecause if the dinar goes to a penny, a 1000 note is equal to ten american dollars, at a dime, you basically have a one hundred dollar bill. versus having a 25,000 dinar note. I guess it all depends upon what you like big notes or smaller ones...
-John
Thanks!! One thing I have learned recently is never depend on one source of income. The key is having Multiple Streams of Income, at any given time.
http://www.buydinar.com/faq.php
..how would you exchange it later? or would you hope that by then it would be recognized on the world markets?
I still think this has potential and the middle men seem to be making money off the dinar...
-John
quote:
Originally posted by JBCak47:
lol, you could always pull what the people on ebay did, when it rises to a penny, sell it for .009 instead. They will send you the currency in dinars, you get them in hand. However as of yet no exchanges will exchange them, yet. However if it rises you could always sell them on ebay like those people did, or hold them until they are on the world markets... June 30th is not to far away, if they do decide to phase out this currency, perhaps we can still get in the newer-new dinars?I still think this has potential and the middle men seem to be making money off the dinar...
And if they do fade out this currency, then the dinar we buy now will pretty much be worthless, right? (besides it's collectible value)
quote:
Originally posted by Smctbone:
And if they do fade out this currency, then the dinar we buy now will pretty much be worthless, right? (besides it's collectible value)
quote:
Originally posted by Smctbone:
And if they do fade out this currency, then the dinar we buy now will pretty much be worthless, right? (besides it's collectible value)
well, when they phase out currency, there's always a period where the old can be exchanged for new... (unless you're the Confederate States of America and then you're SOL... LOL)... you'd just have to find a way to get it exchanged...
-John
(IQD = Dinar)
http://www.xe.com/ucc/convert.cgi
quote:
Originally posted by Smctbone:
1 IQD = 0.000676822 USD
1 USD = 1,477.49 IQD(IQD = Dinar)
http://www.xe.com/ucc/convert.cgi
Here's something I found
New Iraqi Dinar (NID)
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
IRAQ (PRWEB) March 2, 2004 -- Investment in the new Iraq is guaranteed under the Presidential Order 13303 removing sanctions on investment in Iraq. The new order allows for a restructuring of the banking system in Iraq. US citizens are allowed to invest in Currency, Stocks, Bonds, Real Estate and Business in Iraq.
Iraq has a new currency to replace Iraqs two currencies, one of which was easily counterfeited and mostly circulated in a single denomination. Banks issue only the new currency and government employees paid in cash will receive their salaries in the new currency. Until January 15, 2004 the old and new currencies will circulate freely at a fixed exchange rate. Exchange between the old and new currencies is conducted at now charge at multiple exchange points around the country.
The other financial market structures are strong:
95 percent of all pre-war bank customers have service and first-time customers are opening accounts daily. Iraqi banks are making loans to finance businesses. The central bank is fully independent. Iraq has one of the worlds most growth-oriented investment and banking laws.
The new Iraqi dinar which is printed bu De La Rue company in the US and Great Britian, is valued at just 2 tenths of one cent today. The US treasury has a strong dinar policy and is working with the CPA (Coalition Provisional Authority) to reinstate a strong decentralized banking system in Iraq. By December 2004 there will be six Western Banks in Iraq and six Iraqi Banks outside Iraq in operation. In March Three banks were given licence to operate in Iraq, National Bank of Kuwait, HSBC Bank and Charter bank of England.
http://www.emediawire.com/releases/2004/3/prweb112888.htm
IRAQ-PAKISTAN: New Iraqi dinar prompts buying frenzy
[ This report does not necessarily reflect the views of the United Nations]
ISLAMABAD, 2 Feb 2004 (IRIN) - Motivated by the prospect of a lucrative windfall, small-time Pakistani investors and even ordinary people are flocking to currency dealers to buy the new Iraqi dinar at what they consider throwaway prices, hoping to reap the huge profits that could accrue when the situation in the war-ravaged oil-rich nation stabilises.
"People are looking at the Iraqi dinar as a lucrative long-term investment, with the possibility that they might see their money double in the next year or so," Junaid Riaz, the owner of Riaz Moneychangers, a currency-exchange dealership that has an established clientele from the diplomatic community, told IRIN in the capital, Islamabad.
The profits depended on how quickly the situation was gauged to have settled down in Iraq, Riaz said. "It will be profitable in the long-term, not in the short term. People are looking at one, possibly two years before they can gather the benefits," he added.
For the moment, however, daily transactions in Pakistan concerning the Iraqi currency ranked in millions of dinars, he said.
"Daily transactions average between 10 to 20 million dinars, which is somewhere between US $17,000-18,000," Riaz explained.
The new Iraqi dinar was introduced in October 2003 by the Coalition Provisional Authority (CPA), becoming that country's sole currency. Since then, however, reports of large-scale smuggling to several Gulf states as well as to South Asia, have overshadowed the strong gains the new currency has made against the US dollar.
In Pakistan, one Iraqi dinar was selling for Rs. 0.044 on Friday, creating a rush of customers eager to capitalise on what appears, to them, to be a get-rich-quick scheme come to vivid life.
"Last week, I bought 1,000,000 Iraqi dinars for about Rs. 47,000 [US $850.925]," Saleha Rajput, a school-teacher, told IRIN in Islamabad.
"If things go well, in about eight or nine months time, the profit should be about Rs. 10,000,000," she added, explaining that she had just invested another two thousand rupees from her daughter's savings after she found out about another dip in the dinar's parity against the rupee.
"People are buying the dinar by the millions and throwing them in their cupboards as they hunker down and wait for their investment to mature," Asad-ul-Haque, a marketing executive, told IRIN from the eastern city of Lahore.
"I personally know of so many people who have bought millions of dinars and stacked them away. The minimum anyone of these people has bought is 100,000 dinars," he maintained.
Currency dealers say the spate of buying is unprecedented, but was expected once the news made the rounds that stability in Iraq would mean a quick upturn in the new currency's fortunes.
"It was only to be expected. People see it as a long-term investment and want to make the most of it," Abdus Samad, a local manager at Khanani and Kaalia, the country's biggest currency dealership with branches in every major city, told IRIN in Islamabad.
http://www.irinnews.org/report.asp?ReportID=39251&SelectRegion=Central_Asia,%20Iraq_Crisis&SelectCountry=IRAQ-PAKISTAN
Hugh Tant III
The new Iraqi currency's rate is currently stands at 1,955 Dinar to one US dollar. A 10,000 Dinar note is worth approximately $5 US. To give you an idea of what 10,000 Dinar can buy, here are a few examples. Iraqis can buy a pair of child's shoes for 10,000 Dinar, 2 pounds of bananas for $.75 (1500 Dinar), a can of Coca Cola from the market costs $.25 (500 Dinar) and the Iraqi equivalent of a sandwich lunch (pita bread with meat and salad) for about $0.63 (1250 Dinar).
http://www.whitehouse.gov/ask/20031120.html
New Iraqi Dinar is rapidly gaining in value and now available from a trusted US source
New Iraqi currency is rapidly gaining in value and now available from a US source. Investment in the new Iraq is guaranteed under the Presidential Order 13303, which removes sanctions on investment in Iraq.
IRAQ (PRWEB) April 6, 2004 New Iraqi currency is rapidly gaining in value and now available from a US source.
Hugh Tant III, Director of the Iraqi Currency Exchange, states, "As oil exports increase and more funds are invested in Iraqi goods and services from outside the country, it is expected that the new Iraqi Dinar will appreciate in value over the long-term." http://www.whitehouse.gov/ask/20031120.html
Investment in the new Iraq is guaranteed under the Presidential Order 13303, which removes sanctions on investment in Iraq. US citizens are now allowed to invest in currency, stocks, bonds, real estate and business in Iraq.
For further information please contact:
Katja Morgenstern
Dinar Trading Company
(843) 852-9766
http://www.prweb.com/releases/2004/4/prweb116546.php
Don't ever be sorry for informitive DD work! This is great!
Sooooo the president gave us the go ahead to invest in Iraq....
I suppose the next stop should be the baghdad central bank??? Seriously... there has to be a way to contact them so the money goes directly to the Iraq Bank system, instead of to the middle men? I am sure we would get the better exchange rate, they inturn get American dollars. I think this would be the better route?
-John
quote:
Originally posted by Smctbone:
Anybody have Excel??
http://www.iraqcoalition.org/exchange.html
quote:
Originally posted by bauer:
I got jipped then!
I don't think you did... you have to factor in conversion / transaction fees that you'd pay to buy from a currency exchange...
How can you know that the company/person you buy from is legit? How do you know their offering is legit?
What would you do to protect yourself? This is where buying off Ebay sounds more appealing. At least there is some course of action you could take.
Keep up the DD, this is good.
quote:
Originally posted by makemerich:
This is a really interesting thread. My concern is getting burned on the purchase.How can you know that the company/person you buy from is legit? How do you know their offering is legit?
What would you do to protect yourself? This is where buying off Ebay sounds more appealing. At least there is some course of action you could take.
Keep up the DD, this is good.
the most legit would be in person at a currency exchange... but, on ebay would be ok... just check the sellers rating and read the other buyers comments....
quote:
Originally posted by pharmdman:
I don't think you did... you have to factor in conversion / transaction fees that you'd pay to buy from a currency exchange...
The conversion rate I gave earlier was right, 1:1477. On eBay the conversion rate is about 1:1170.
Correct me if I'm wrong, but given just this info (not counting fees that currency exchange would charge), you lose about 300 dinar per dollar spent on eBay. So technically, the people on eBay are making a profit of 513,000 dinar per 2 million dinar sold. You're technically paying for 2513000 dinar...which would be worth $251300 if the dinar reaches 1 USD = 0.1 NID. Therefore, you'd be paying $51300 difference buying on eBay than through currency exchange.
Maybe we should find out the fees we would have buying through currency exchange.
[This message has been edited by Smctbone (edited June 10, 2004).]
quote:
Originally posted by Smctbone:
The conversion rate I gave earlier was right, 1:1477. On eBay the conversion rate is about 1:1170.
Correct me if I'm wrong, but given just this info (not counting fees that currency exchange would charge), you lose about 300 dinar per dollar spent on eBay. So technically, the people on eBay are making a profit of 513,000 dinar per 2 million dinar sold. You're technically paying for 2513000 dinar...which would be worth $251300 if the dinar reaches 1 USD = 0.1 NID. Therefore, you'd be paying $51300 difference buying on eBay than through currency exchange.
Maybe we should find out the fees we would have buying through currency exchange.[This message has been edited by Smctbone (edited June 10, 2004).]
I plan to do quite a bit of homework on this over the weekend.... I'll definitely let you know what I find out....
What about buying directly from the Iraq banks? Perhaps we could negoiate better exchange rates? Then wire transfer the funds with shipping, then have them mail the dinars through a refutable mailing system. Is there a refutable mailing system in Iraq yet? Is Fedex or UPS worldwide there? Do you think G.O.D. delivers to Iraq?
-John
quote:
Originally posted by JBCak47:
That link bones gives to the private banks has some info. I emailed one of the banks, I will see about a reply back.What about buying directly from the Iraq banks? Perhaps we could negoiate better exchange rates? Then wire transfer the funds with shipping, then have them mail the dinars through a refutable mailing system. Is there a refutable mailing system in Iraq yet? Is Fedex or UPS worldwide there? Do you think G.O.D. delivers to Iraq?
-John
LOL!!!
quote:
Originally posted by jonv:
Once bought, is it easy to track the value of the dinar?
Yeap...check out this simple currency converter.
http://www.bloomberg.com/analysis/calculators/currency.html
The Iraqi Central Bank on Saturday issued a new Iraqi currency which will be put into circulation on October 15th.
The assistant for the Central Bank governor Ahmad Salman Muhammad said that the bank has enough new dinars to replace the old dinars which carried the picture of the former Iraqi president Saddam Hussein, and "to maintain a reserve for two years." But he refused to specify the amounts of the already printed new dinars.
In a press conference he had held at the headquarters of the Central Bank amid strong security measures, Muhammad explained that the new dinars are of 50 and 250,000 and 5,000 and 25,000 bills and will replace the old dinars which can be exchanged until their circulation ends on January 15th, 2004. He said this " will be a unified currency for a united Iraq." http://www.arabicnews.com/ansub/Daily/Day/031006/2003100620.html
"to maintain a reserve for two years."
Sounds like this currency is here to stay!
For 2 yrs. atleast
Faleh Dawood Suleiman, the deputy governor of the Iraqi Central Bank has assured that the Central Bank will not back off from its financial commitments inherited from the previous regime and will give everyone his rights.
Suleiman told Al-Hayat that Iraq has the full cooperation of all the Arab countries, and that the Central Bank will be independent and will not allow any government interference.
He added that the collaboration between the Arab banks and the Iraqi Central bank has been going on for a while now. Furthermore, this collaboration will not be affected by the events preceding, or following, June 30. Moreover, no obstacles will stand against this mutual collaboration.
As for the Iraqi debts to the Arab countries, he said that a strategic committee has been established and will soon solve the matter while serious studies are on the way to resolve the issue.
Suleiman said, "There are no intentions for substituting the new currency with another one."
He confirmed that the Central Bank did not bring up this topic and what is being repeated is no more than rumors that have the intention of weakening the banking system. The currency has been approved since the first day of its printing. The change in the new currency is realistic and means that the policies of the Central Bank are continuous and not just temporary and we will not look into the issue of June 30 and what comes after."
Suleiman said, "There are no intentions for substituting the new currency with another one."
More evidence of a permanent, unified bill!
Im starting to like this more and more...
[This message has been edited by BroBro (edited June 10, 2004).]
quote:
Originally posted by JBCak47:
That link bones gives to the private banks has some info. I emailed one of the banks, I will see about a reply back.
I also emailed a couple of the banks to get some more information. Theyre 6 hrs ahead of us though...so it's only a little past midnight there 
...we'll have to wait at least another 9 hrs for a response.
I'm curious about the shipping too, i guess they could just send the dinar back with our soldiers and supplies
quote:
Originally posted by Smctbone:
I also emailed a couple of the banks to get some more information. Theyre 6 hrs ahead of us though...so it's only a little past midnight thereI'm curious about the shipping too, i guess they could just send the dinar back with our soldiers and supplies
LOL... that sounds too much like "the check's in the mail!"...
quote:
Originally posted by donb:
With the state of things over in IRAQ, I think the dinar can only increase in value, and I agree with all of you that there is a good chance we might be looking at a 1000+% gain here. I think if we can iron out these few questions people have, I am in for a large quantity...
Ditto...
it will be AT LEAST a 1000% gain.
I was actually thinking more of a 14000% gain, which is what it would be if the dinar reaches
.1 NID = 1 USD (way below what it used to be!)
[This message has been edited by Smctbone (edited June 10, 2004).]
[This message has been edited by Smctbone (edited June 10, 2004).]
http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&category=4369&item=5704013476&rd=1
quote:
Originally posted by HiEveryone:
cheapest 1 million dinar for $825
Saw that too...but youre still losing 243 dinar per US dollar That seems like a lot, so that's my last resort right now. I'm waiting for word from these Iraqi banks before I do anything.
quote:
Originally posted by Smctbone:
Saw that too...but youre still losing 243 dinar per US dollar
Unless we get ppl to send us the money from their country (which seems to be E-Bay) Im pretty sure the exchange rate is universal. But plz post possibilities everyone, Im anxious to get in!
apparently Iraqis do not like the new "interim" flag look at this
http://www.back-to-iraq.com/archives/000754.php
its entirely possible they will not like the new Dinar.... I think there is a good chance the currency will change form again, and the only place to do it will be back in Iraq....
And then everyone will be offloading their Dinar at a deep discount on eBay if they announce a "re-conversion" must be performed in Iraq. The buyers, presumably with connections in Iraq, will be the ones making a profit
Though I do think that this would be the worse case scenario.
removed link
http://cgi.ebay.ca/ws/eBayISAPI.dll?ViewItem&category=385&item=3915570512&rd=1
(.00082)
These are from ebay canada, but with the US/Canadian exchange rate, they're better deals.. than the $875/1000000 which is (.000875)
I'll keep scouring for more.... but i want to hear the bank's responses too! 
[This message has been edited by pharmdman (edited June 10, 2004).]
quote:
Originally posted by BroBro:
Unless we get ppl to send us the money from their country (which seems to be E-Bay) Im pretty sure the exchange rate is universal. But plz post possibilities everyone, Im anxious to get in!
Yeap, it sure is. But these people on eBay can easily get dinar, and jack up the cost. In terms of USD, they pay $1374 to get 2 million dinar...they in turn sell it on eBay for, in most cases on eBay, $1710...giving them a $336 profit every 2 million dinar sold.
If we can exchange our currency with the same people these people are, we'll be lowering our cost and thus increasing our return in the long run. We just have to find out to directly exchange with these banks, etc...rather than going through a profit-taking middle man (ie. people on eBay).
is for th old iraqi dinar, with saddam hussain in picture
Be careful and check that they are 2003 new iraqi dinar
the other one is still in the auction so it will not be 20........
still the best rate is 825
quote:
Originally posted by HiEveryone:
the link that you posted
http://cgi.ebay.ca/ws/eBayISAPI.dll?ViewItem&category=385&item=3915118143&rd=1is for th old iraqi dinar, with saddam hussain in picture
Be careful and check that they are 2003 new iraqi dinar
the other one is still in the auction so it will not be 20........
still the best rate is 825
Good catch, Hi!!! I removed the link so that someone doesn't accidentally bid on it!! I did my search with '-Saddam', but apparently that one got through... i didn't even look at the pic... I'd hate to have spent 400 bucks on that a$$hole's picture!
Coach
quote:
Originally posted by COACHPHILM63:
Think real hard before you leap on this one, remember the us will have to back any currancy for that Gov. to succeed. Therefore when the dollar rises so will the Dinar, and vice versa. You will not profit on the reverse exchange. from dinar to us dollar. The only way you can profit is if the country becomes a major power... ie wont happen, we the US. will see that we have a major interest for years to come. therefore the dinar will be usless on the conversion to US dollar. Only my opinion. But several have lost HUGE already.Coach
I see what you're saying, but I don't think it will be that long... also, you can play outside the IQD/UDS box... if IQD and UDS are going hand in hand, you can convert IQD to British pounds to USD (for example) if you time it right... don't know if I want to get into all of that though... I was looking at this as a medium-long move with a kind-of-a lottery ticket twist!.
quote:
Originally posted by COACHPHILM63:
[B][/B]
I'm not quite sure what you're saying coach. I agree that the US must back up the currency, but we helped them set up this new dinar, and we "encouraged" them to create new laws over the Central Bank of Iraq, allowing the Central Bank to help maintain the economy as a bank should, including setting up the exchange rate.
As far as the dinar increasing and decreasing in value parallel to the US dollar, I disagree. Iraq will be a sovereign state June 30, control will return to the hands of the Iraqi people (of course we will help maintain order until the freely elected government takes control late 2005). The value of their currency will be backed by the value of their oil, and their economy will grow separately from the US economy. Maybe the world wont let them become a major power, but the Iraq economy can still grow very strong, especially relative to what it is at right now. I would agree with your opinion IF the US were to take control of all or many of the oil fields in Iraq...but it is my understanding that we will not have control over the oil.
This article mentions how "control over allocation and expenditure of Iraq's oil revenues" will lie completely with the interim government...which will, in turn, lie completely with the freely elected government in late 2005.
http://www.iraqrevenuewatch.org/reports/051104.pdf
Another source we should read states:
"the Iraqi government will have control over the country's natural resources." http://www.cnn.com/2004/WORLD/meast/06/01/iraq.un.resolution/index.html
By the way, I have a terrible understanding of politics...lol...so please point out something I screwed up.
But this will be a long term investment, I was thinking at least 2 or 3 years.
Just through this research though, I have noticed that the Iraqi economy and the value of the new dinar has been improving and increasing rapidly (I'll try to find those articles again).
New Iraqi Dinar is rapidly gaining in value and now available from a trusted US source
New Iraqi currency is rapidly gaining in value and now available from a US source. Investment in the new Iraq is guaranteed under the Presidential Order 13303, which removes sanctions on investment in Iraq.
IRAQ (PRWEB) April 6, 2004 New Iraqi currency is rapidly gaining in value and now available from a US source.
Hugh Tant III, Director of the Iraqi Currency Exchange, states, "As oil exports increase and more funds are invested in Iraqi goods and services from outside the country, it is expected that the new Iraqi Dinar will appreciate in value over the long-term." http://www.whitehouse.gov/ask/20031120.html
Investment in the new Iraq is guaranteed under the Presidential Order 13303, which removes sanctions on investment in Iraq. US citizens are now allowed to invest in currency, stocks, bonds, real estate and business in Iraq.
For further information please contact:
Katja Morgenstern
Dinar Trading Company
(843) 852-9766
http://www.emediawire.com/releases/2004/4/prweb116546.htm
Confused yet? lol
[This message has been edited by Smctbone (edited June 10, 2004).]
quote:
Dave, from Roseville, CA writes:
Will the Iraqi people eventually take over control of their money supply? Also, what is the collateral for their currency?Hugh Tant III
The Iraqi people already have control of their money supply. Their collateral, like in the US, is based on foreign exchange, precious metals (like gold) and Treasury bills.
I also emailed every bank on the previously provided list. One has been returned as undeliverable (Bank of Baghdad) and no others have responded. I'll keep you updated.
Anways, I hope one of us gets a response from them Monday morning.
Enjoy the weekend!!
this is the current exchange rate:
1000000 IRAQI DINAR (IQD) = 687.2852 US DOLLAR (USD)
so those websites that are selling 1mil IQD for $1299 are totally ripping oyu off, right?
looks like ebay is a better option!
quote:
Originally posted by makemerich:
so am i thinking of this correctly?this is the current exchange rate:
1000000 IRAQI DINAR (IQD) = 687.2852 US DOLLAR (USD)so those websites that are selling 1mil IQD for $1299 are totally ripping oyu off, right?
looks like ebay is a better option!
I'm still trying to figure out the best option... I can't seem to find current fees associated with converting to and from UDS/IQD... sometimes the fees can be VERY hefty... have you ever tried to convert Canadian dollars to US dollars at a bank NOT near the border? It's hugely expensive.. to the point that you just keep the Canadian money as a souvenier...
I haven't received any responses from any of the banks either, but I'll still keep you posted when I do...
It seems that there are companies that you could do this through so I was just curious.
what do you think?
quote:
Originally posted by makemerich:
this one is only 20% markup from ebay, plus free shipping and insurance:
http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&category=385&item=3916487908&rd=1
what do you think?
Exchange rate on that one (1:1153) is a little better than most on eBay (1:1149). But the best find so far is for 1:1212.
http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&item=5704120022&ssPageName=MERC_VIClosedLoser
Still awaiting word from private banks for a better deal.
quote:
Originally posted by makemerich:
so am i thinking of this correctly?
this is the current exchange rate:
1000000 IRAQI DINAR (IQD) = 687.2852 US DOLLAR (USD)
so those websites that are selling 1mil IQD for $1299 are totally ripping oyu off, right?
looks like ebay is a better option!
Absolutely...they are a complete rip off, selling at almost 1 USD:555 Dinar. Right now eBay is the better option. But we're still waiting for responses from the private Iraqi banks we've contacted.
quote:
Originally posted by Tigersharks:
I am new at this, but why could you not just go through a broker or online to trade the dinar?It seems that there are companies that you could do this through so I was just curious.
Tiger, right now the ONLY way to get US dollars in return for Iraqi dinars is PHYSICALLY in Iraq. they're not being (edit: 'be' to 'being') traded on exchanges right now, so you can't go to forex.com, for instance. You either buy them from ebay, an online site that has some, or you go directly to someone in Iraq (in our case, we're hoping to have a bank Fedex them). All three ways involve risk. And then there's the opposite problem of trying to cash them in. Hopefully, by then they will be trading outside of Iraq.
[This message has been edited by pharmdman (edited June 12, 2004).]
nice idea but i think this is the wrong time or at least a very long long haul investment.
quote:
Originally posted by penny-trader:
the way that they are assasinating thier leaders. that country is going to be a long time before they ever get the stablity they will need to get their curency back to the values you would like to see.nice idea but i think this is the wrong time or at least a very long long haul investment.
It will be a long investment, but not as long as you'd think... their money's already doubled in value (compared to the USD) since fall.... but you have an excellent point!
quote:
Originally posted by pharmdman:
It will be a long investment, but not as long as you'd think... their money's already doubled in value (compared to the USD) since fall.... but you have an excellent point!
)
hmmm...
-John
quote:
Originally posted by JBCak47:
None either... I emailed like two or three of them. I think that was Thursday...-John
None here either
quote:
Originally posted by JBCak47:
None either... I emailed like two or three of them. I think that was Thursday...-John
wow that was a quick response...you staring at the Iraqi Dinar thread JB? lol
I guess eBay is the best option then.
like MIAMI INTERNATIONAL in south florida
TO MAKE MONEY OFF OF DAMN TOWEL HEADS THAT HATE US ANYWAY SOUNDS LIKE A FUN PLAN....
MIDDLE EAST NEEDS TO BE SCRUBBED CLEAN!
quote:
Originally posted by Doji say what!!:
What about a international airport they have money vendors
That could work, but i dont think they offer exchanges to Iraqi Dinar yet...soon, but not yet. That's something to check out though, I guess I can start looking that up.
quote:
Originally posted by onthemark:
I have a sister in the military that can get me as much of the old saddam money as I want free of charge is there still any worth to that style? she also said she would get me as much of the new as I wanted just send the money has anyone else thought of this routto purchase?
I've definitely thought of that...I just don't know anyone in Iraq at the moment. Getting currency exchanged there would provide the best rate
BTW, the old Saddam money will or already has little to no value. They washed out all of it and replaced with the new dinar, collectors might like to get their hands on the Saddam dinar though.
quote:
Originally posted by Smctbone:
That could work, but i dont think they offer exchanges to Iraqi Dinar yet...soon, but not yet. That's something to check out though, I guess I can start looking that up.
The ONLY way you can exchange IQD/UDS is physically in Iraq... for the time being... I'm sure that will change in the future, but by then it may not be worth it.
quote:
Originally posted by onthemark:
I have a sister in the military that can get me as much of the old saddam money as I want free of charge is there still any worth to that style? she also said she would get me as much of the new as I wanted just send the money has anyone else thought of this routto purchase?
The old Saddam money is worthless... unless you're in the woods and one of the Charmin bears has hijacked your last roll! 
---------------------------
Dear Sir,
Your email 10th June 2004 under reply we can sell you or your authorized agent Iraqi dinars on the counter of our bank but not ship to USA. Arrange the transport by yourself.
Instruct your bank to transfer your US dolls to our account No. 0019431550201 with the Housing Bank for Trade & Finance. Amman, Jordan.
When information reach us from this bank that money is received by him we shall open an account in your name then you can use the account to purchase Iraqi dinars.
Best Regarts,
Ibtisam N. Aboud
Executive Manager of International Division
--------------------------
quote:
Originally posted by bauer:
Still can't take the money out... It would be way better exchange rate then what I paid on ebay if you had a relative in Iraq or something...
I'm still working on it!
I have emails out to a few other banks in Baghdad, so hopefully we'll hear some other news (or at least some other options).
Another angle I have been trying to work: You can't exchange USD/IQD other than Iraq. However, can you exchange IQD for other world currencies outside of Iraq? If so, couldn't we just do a double flip? For instance, USD/GPB then GPB/IQD....
If you find out, please let us know.
quote:
Originally posted by pharmdman:
I'll post everything that I find... unfortunately, seems like information from Iraqi banks is trickling rather slow.
That is to be expected with the state of things over there. It's not big of a problem though, as the Dinar isn't going to skyrocket in the immediate future, we have some time. I am very interested in the proposition, I think history will prove correct and the value will go up over a long period... I am willing to wait. I'm in for a huge amount if we figure out a solid exchange process.
Did find this place a money broker. Not for
the dinar but other currency.
http://www.fxcm.com/
[This message has been edited by StonedPigeon (edited June 15, 2004).]
Got me thinking though. Open an account with a legit arab bank like..... Arab Bank....and have the account transfered to dinars. would this work or nobody outside of Iraq in the arab world dealing with dinars?
I might ring their UK office tomorrow see what they come up with
quote:
Originally posted by pharmdman:
I got a reply from the Investment Bank of Iraq...
I got a reply from the Investment Bank of Iraq...---------------------------
Dear Sir,
Your email 10th June 2004 under reply we can sell you or your authorized agent Iraqi dinars on the counter of our bank but not ship to USA. Arrange the transport by yourself.
Instruct your bank to transfer your US dolls to our account No. 0019431550201 with the Housing Bank for Trade & Finance. Amman, Jordan.
When information reach us from this bank that money is received by him we shall open an account in your name then you can use the account to purchase Iraqi dinars.Best Regarts,
Ibtisam N. Aboud
Executive Manager of International Division
quote:
Originally posted by tic_toc:
Okay they will open an account in your name.
You could leave the dinars in there until needed? Dont know if i'd trust it though.Got me thinking though. Open an account with a legit arab bank like..... Arab Bank....and have the account transfered to dinars. would this work or nobody outside of Iraq in the arab world dealing with dinars?
I might ring their UK office tomorrow see what they come up with
I'm not quite sure if that would work, but I had the same thought. Just not sure if I'm comfortable with my money in an account (long term) that I can neither verify or handle in person. I'm still looking for options though.
quote:
Originally posted by StonedPigeon:
Still wondering about buy back once I got em
what do I do with them? Who do I sell them to
[This message has been edited by StonedPigeon (edited June 15, 2004).]
Central Bank of Iraq website...not a lot there.
quote:
Originally posted by Wahya:
www.uruklink.net/cbi/index.htmCentral Bank of Iraq website...not a lot there.
quote:
Originally posted by Wahya:
Once the Iraqi government has taken over and the oil is flowing, the dinar will go back on the international exchange and you'll be able to go to almost any major bank in the US and trade them in. That may be several months from now. Or, as others here have indicated, open an account in an islamic country, hunker down and pray for daylight.
That was our original thought, although I was thinking that it may take a year or two instead of a few months. But for the potential return of huge profits, still worth the wait.
[This message has been edited by pharmdman (edited June 17, 2004).]
quote:
Originally posted by AlphaMale:
I cracked. I bought some... It seems pretty solid.
Alright!! GO AlphaMale! Did you get it through eBay, did you find a better deal than the one we saw?
I haven't gotten a single response from the 3 Iraqi banks I emailed either ...but now I have to wait for some more money anyway (my darn Toshiba laptop blew up on me, so it's taking all my profits to replace it)
GLTA
quote:
Originally posted by Smctbone:
Alright!! GO AlphaMale! Did you get it through eBay, did you find a better deal than the one we saw?I haven't gotten a single response from the 3 Iraqi banks I emailed either
GLTA
I've only heard from the one, but it didn't look to promising. What good is selling them to me if you won't send them to me!? I'll be revving up the research on the subject next week when I'm off. I'll post any other options that I dig up.
quote:
Originally posted by Smctbone:
Alright!! GO AlphaMale! Did you get it through eBay, did you find a better deal than the one we saw?I haven't gotten a single response from the 3 Iraqi banks I emailed either
GLTA
quote:
Originally posted by AlphaMale:
Actually I work with the DOD and know somebody in Kuwait. He got them for me. I should have them next week.
Lucky you!
I should hang out in some chat rooms and make a new pen pal that lives near Iraq....that'd be perfect. Have him/her send me the dinar!
quote:
Originally posted by AlphaMale:
[QUOTE]Originally posted by Smctbone:
[b] Alright!! GO AlphaMale! Did you get it through eBay, did you find a better deal than the one we saw?I haven't gotten a single response from the 3 Iraqi banks I emailed either
GLTA
Cheater! LOL... I wish I had that type of option. Great exchange rate and guaranteed delivery... sheesh...
good for you though! I may just have to suck it up and do the ebay thing. I'm really leaning toward one thought....if the exchange rate is going to skyrocket (long-term, not immmediately or quickly), does it really matter if I pay 700 as opposed to 900 for the million dinar? I'm starting to think not.
so i'll be ready
i plan on getting some for the family members and myself..
as much or less risk than say cmkx lol
quote:
Originally posted by Smctbone:
If it goes as high as I'm expecting...then it shouldnt matter at all!
BINGO!
Spending power is up. Civil servants got huge pay raises after the coalition decided to correct Saddam-era parsimony. "Public-sector wages under Saddam were quite literally starvation wages," economist Block says. Thana Ismail, 40, has seen her monthly wages at the Ministry of Trade shoot up from 3,000 Iraqi dinars a month (barely $2 at today's exchange rates) to 300,000 (just over $200). This means she can finally afford to replace the wheezing washing machine she bought nearly two decades ago. She has her eye on a $185 jumbo Samsung model.
reading the above article has me wondering how the economy can be brought back to pre war exchange rates.
if she is now getting over 1/4 million dinars a month, does her wage drop as the economy is straightend out?
obviously she will be able to buy more for less, but really how much do we expect the dinar to come back to pre war levels? they have 25,000 dinar notes ffs. at the moment that is something like a $20 note right? the people who orchestrated the issuing of the new currency cant be expecting a 1 dinar/1 usd ratio anytime soon.
I mean can go to Turkey and become a millionaire with my beer money. Who's to say Iraq's currency isnt going to stay like this for the forseable future.
quote:
Originally posted by pharmdman:
just a bump to the top.... I've emailed seven Iraqi banks and have only heard from one. I've re-sent the remaining six, since it's already mid-Monday there.
Great thinking...if we pester them enough maybe theyll give us the answer we're looking for!
I might email them again too. I emailed 3...heard from 0
quote:
Originally posted by derek111c:
Hey everyone, Where can I find the true rate value for this currency compared to the US dollar. I see people trying to sell this all over the place. Websites all over the place trying to charge like $1250 per mil. Then I see on Ebay for as low as around $850 per mil. I look at currency conversion websites and they have not been very helpful.
What is the true value of this stuff?
Would really appreciate some help.
thanks
derek, you can use any currency converter. This one is from Yahoo. http://finance.yahoo.com/currency?u
898.00 for 1 million dinars, 5 dollars shipping... Seller rating is 99.8 on almost 1000 trans actions... I bought 2 million in different kinds of bills.
I see a million dinars is worth about $687.5
Is their large fees Involved to echange currency?
In a nutshell, you can only exchange USD for IQD in Iraq. At least for now. There are ways to purchase online, but exchanging back will be your difficulty until IQD is on major currency exchanges. All of the details are on the 3 pages of this thread. Many things to consider. Suffice it to say that you will pay more than $687 to get 1 million dinar. My biggest advice is to read this thread closely and DO NOT BUY DINAR WITH SADDAM HUSSEIN ON THEM! They are now worthless.
Hey bud! How are you? I haven't been on in a few days, as I played hooky from work and have been with the girl. Things are going pretty well!
I met someone last night that reminded me of your screen name. She works at an Ice Cream store but is studying to be a Pharmacy Doctor (I asked if she mean't 'Street Pharmicist'?)lol Six years of schooling?!?!? lol I give you much credit... She's 20, and has four years and will be a doctor by 24 when she passes... That is pretty cool. Lol... any word back from the Banks of Iraq?
As soon as CMKX hits pennies I am buying at least a million dinar. I just have no more money left to buy ANYTHING...LOL.... Hahaha I love being broke...
I told my girl friend, not too long ago, that I know you are it for me. When I met her all I had was ten dollars to my name and a baggie of weed...
lol... Now I just have that baggie, no ten! heheh...
Ahhhh summer living and loving...
-John
Been well here. I took some time off from here last week too. I'm outta trading cash too! Those dinar will have to wait at least until payday!
You've hit the nail on the head though... they were six long m/f'ing years.. LOL..
I only ever heard back from the one bank, but I re-sent my requests to the other six banks last night. I'm hoping to hear something soon.
I'm ready to take the rest of the day off today, since there's not much movement for my holds and I have a ton of stuff to do around here.
Yeah, it's quiet. Qbid should keep us busy and manic for the later part of the week. Also all this head spinning with CMKX... I haven't lost any sleep in a while from anticipation but I think I will very soon.
Well I have decided that if cmkx hits buy the end of July, I am taking the whole month of august, or at least three weeks off before I start school again. But I'll probably work one week in August just for some quick trading cash, ya know. I have responisbilities but my job is overseen by one of my parents, lol. (I am at a Credit Union for a specific Local in NY) So getting time off isn't to difficult. Is there anything wrong with just wanting to be a bum? I mean I am not a bum 24/7 in fact I worked at McDonalds to buy my g/f a Christmas gift. (by far the suckiest job, I gained 10 pounds of pure fat in my three month job) Watch for those McGriddles. They pack the weight on. Lol... also just don't ever eat at McDonalds ever again,lol. Though McDonalds is better than TacoBell/Pizza Slut.
Take the day off, relax. In fact I suggest going for a walk in a wooded park area. Pharm, you need to harvest the energy of the plant life. Just go through the woods thinking good thoughts about your stock/life/love, and you'll come out feeling 1000% better...
-John
Ten foot by ten foot holes, over grown grass. Orginal peoples... I shall call you Mr. Klopeck
Have you ever seen the Tom Hanks Movie, The burbs? Lol, you are the crazy neighbors,lol.
Should I even ask what this huge hole is about?!? Those aren't for all the prostitue and hookers you have killed is it? Ohhhhh wait, wrong person, thats Me.lol...
Go cut the grass,lol. You'll go cut and QBID will shoot to a dollar, then level off exactly at .014 when you return.lol. j/k
-John
If Q shoots to $1 while I'm mowing, I'll still be ok.. my GTC order has been in for quite some time!
P.S. My neighbors love me, I've definitely improved their property values! Don't you know that the first rule to up your property values? Have gay men move into your neighborhood... we upgrade EVERYTHING! LMAO!
That is so awsome you got a Hot tub... lol... You'll be relax like Biggy Smalls... smokin 'L's in the Jucuzzi! Hahahah... That sounds great man, was any of this brought about by recent stock picks?!?!?
Yes Gay men are great! Though I'd still perfer two lipstick lesbians... Monday day dreams....
Becareful with the hot tub my friend. We have one at my house, its like ten years old or so, but the thing works/looks great. It can get as hot as 112 degrees, which is REALLY hot... so be careful. My I suggest something in addition to this hot tub?
Go buy yourself either a Chimmeneya (sp?) (No, Not a Chechen Rebel, a chimmeneya. Not a Chimichonga.) or a small copper fire pit. Talk about relaxation.... Those little chimmenyeas work great, fire always helps man relax.
All of this plus a few of your pharm meds...lol..
-John
No, i didn't get it from stock money, i wish! although, i did manage to remodel my kitchen, bathroom, living room, dining room, and 2 bedrooms from stock money. now i'm broke again! lol
If CMKX and QBID come through for me, I'll do the rest of my house and treat myself to a new car too... but i'm not holding my breath just yet...
I just have high hopes for Qbid and cmkx
Why was I thinking you were in Chicago?!?!? huh?!?! Florida! What part? I have some holy roller family in Daytona/Deland area... lol...
I am not looking for a new car. Just some real time off for the summer... Well just another two hours left before the office day ends. I am at work, lol, with all day access to a computer. That is why I always seem to be on. I do have a life,lol.
-John
chicago, huh? I could live there... it's definitely more metropolitan than Tampa. Actually, it doesn't take much to be more metropolitan than Tampa. I'd like to hit some big money so I could make the jump to Southern California. I love San Diego... I could live in San Fran too... ya' know, it's like my mother ship! LOL..
I always seem to be on too. That's because I have no life and I'm actually just sitting on my a$$ in front of my computer!
Seriously though, San Fran would be sweet. However I opt more for something like Neveada or more likely Ariozona/New Mexico. You need to visit Santa Fe. You'd love it there. Very friendly area too...
-John
Do you have any other good picks below .001 ???
I have turned on many people that I know onto Qbid. Infact A long time friend bought 17k shares of it Friday. He's my age and just opened his trading/brokerage. He's all esstatic about getting into stocks. He also owns 25k shares of CMKX, but he wants to get more. He's like me, a little short on change. But he loves the idea that 60/70 dollars will get him 100k more shares... He wants at least 75k more. I told him if it does pop, he can then use that money to trade with, once taking out his money that he started with. He loved this idea,lol.
I think I am going to talk to the Ice Cream/Pharmacy girl next time I see her and ask if she has ever invested. Choicetrade requires no minimum balance to open an account, so hence for us college kids, fifty dollars is all that is needed! Besides, I love having an account now and being able to trade. I know she would be interested in it because all my friends signed up for accounts. Their biggest reason for NEVER doing this was that they didn't know what to do, where to go, what stocks to pick. They just needed a push in the right direction. lol. Has this happened to you? They heard my qbid shot up and everyone jumped on board, between .019 (lol my g/f, yikes?!?) to .012 funny enough they are all straight, but many have Gay friends or relitives...
If qbid goes broke, lol, I am dead as 30 people will be after me... lol...
-John
I know what you mean about getting people on board. I keep getting sh\t at work because I told everyone about the 3 I have, and they harrass me every day that I'm not retired. They think they're being funny, and I hope one day I can go in and rub sh\t on their noses! LMAO.
I just might have to suck it up and grab mine from ebay. $875 for 1 million is still not bad considering the appreciation we're expecting.
Woe until cmkx hits! woe!
-John
quote:
Originally posted by The ONE:
Hello All,
This is my first post on allstocks although I been taking in all the knowledge for about three weeks now. I am definitely interested in the Iraqi dinar. First, has anyone brought any dinar from www.dinar-world.com. There selling a 500,000 for $587. Wanted to know if I could trust them. Secondly, once we get this dinar in our hand how do we verify it authentic. Can banks in America verify this for me?
You'd get a better price on ebay for sure... around $875 for 1 million dinar... and i'm not sure how to verify authenticity. I'm not sure a bank here could verify.
Something like 20+ security features:
UV Ink,
many watermarks
Threads
UV Water marks,
small print,
encoding,
Apprently they assume this will be around for a while... I would say get a UV LIght and check out the marks on them.
Ebay is a better place, 1000, 1000 dinar notes for $900 That one ebay power seller in Jordan has a 99.9% rating, and if he doesn't send it, you can take it up with Ebay.
Even if you buy only 250k dinars,
if it goes to :
.01 = $2.5k
.02 = $5k
.03 = $7.5k
.05 = $12.5k
.10 = $25k
Before the second invasion, the old dinar was 1 dinar = .30 american
What happens when the oil starts to flow?
If we are buying Iraqi Dinars we may look at Libya next, as if they take greater strides in 'righting' their wrongs (if they ever could) the US may get access to their Oil and Natural Gas Reserves. Their money would in turn go up. Anyone know what a libyan dollar is trading at against ours?
-John
quote:
Originally posted by The ONE:
Thanks for the info. I will check out ebay. I found this currency converter that has all the worlds currency. (http://www.xe.com/ucc/) . It looks like the dinar is already up a little with todays change over of power. Its at .00068 USD and the libya dollar is at .07469 USD according to xe.com
Looks the dinar has actually decreased in value since a couple weeks ago...
was at 1USD=1455 now 1USD = 1466
CMKX PLEASE HIT!!!!
Im seriously thinking of when cmkx hits, and I have my cool x million dinars, just to jump this place and take my money and live like a king in Iraq,lol... My girl friend wouldnt be too keen with that but hey, I am sure those Iraqi girls are cute, minus any burka's. Besides, a blue eyed American in Babylon, what could POSSIBLY go wrong...
-John
I still think this is a bargain... The Iraqi Government is in no shape to re-do the currency, at least any time soon. But what do I know?
-John
[This message has been edited by The ONE (edited July 01, 2004).]
quote:
Originally posted by stock_82:
I really want to do this, but to be honest I think Iraq will only stable and successful if Bush is reelected. I don't mean to bring politics into this, but politics are a big part of this investment. Kerry has said that the war was a mistake and Bush would just ensure the success of Iraq because he started it, while Kerry might not be so concerned....other opinions??
Keey has said that it was a mistake, but he also said that what's done is done. We are already there, and he doesn't intent to pull out. He will give whatever support is needed toward the effort.
this is sooooo interesting, i cant pass it up but i want to be sure i get legit currency
has anyone actually purchased and received currency??? and from where
t
quote:
Originally posted by donb:
Keey has said that it was a mistake, but he also said that what's done is done. We are already there, and he doesn't intent to pull out. He will give whatever support is needed toward the effort.
Exactly... Kerry has been quoted on this. It would look awfully bad for the US to 'abandon' what it has started.
quote:
Originally posted by The ONE:
I think we are past the point of no return in Iraq. Even if Kerry is elected it would be senseless to pull out now. This is a major strategic foothold in the Middle East that not even Kerry will be willing to give up. Look how close we are to Saudi Arabia. I see the same happening with Iraq. It all hinges on how steadfast the new Iraqi government is. They need our support until they can stand on their feet. Of course this is just one man's opinion. We shall see.[This message has been edited by The ONE (edited July 01, 2004).]
I don't think Kerry will pull out right away...I'm saying when the US pulls out for good, if something happens like Iraq starts to fall again, Bush would go back in and take control again, while Kerry would probably go to the UN and NATO for approval. I'm not trying to fortune tell. My bottom line is I think the future of Iraq and the dinar depends alot on our next president, but that's just my opinion.
speculate this, speculate that....this is a great investment short and long term, but does anyone actually own the currency and where did u get it?
quote:
Originally posted by salvia123:
HAS ANYONE ACTUALLY BOUGHT THE CURRENCY???speculate this, speculate that....this is a great investment short and long term, but does anyone actually own the currency and where did u get it?
there are a few folks on here that have purchased already.... some from ebay and some from www.buydinar.com ... others have friends or relatives in the military that are bringing home dinar from Iraq... I have been waiting to hear from some Iraqi banks, but I think that (with one exception) these area dead end.
I plan to buy before the end of this month...
What a week I have been having. I saw over 4k get cut off qbid in the previous two days... I just laugh at it now. Not qbid, me losing... Its better then Vegas and the craps or slots...
I talk to my girl friend and said 'yeah I saw 4 grand evoprate.' She got all bent out of shape and upset. I was like 'calm down', things will bounce back, she quickly turned to another subject. Lol, ohh well, the Moo-hair's hate talking about stock stuff, at least my woman. hehe... This is all a game until I go to cash out, then it matters.hehe..
Pharm this has been a crazy week... Qbid, cmkx, my woman...
Cmkx has to hit for me to be able to get these Dinars. But when it does watch out! I am seriously thinking maybe to get more than three million, provided I have my own 'dinars' lol...
As compared to lybia, they are at one libyan=.07 american hell if Iraq's dinar went to .07 a million dinars would be worth 70k dollars... 210k if you had a cool 3 million...
Now do we have to pay taxes on this? How does it work? What if I went to the exchange a lot of times with under 7 or 8 grand at a time?
-John
quote:
Originally posted by salvia123:
HAS ANYONE ACTUALLY BOUGHT THE CURRENCY???speculate this, speculate that....this is a great investment short and long term, but does anyone actually own the currency and where did u get it?
I do have some and a friend has some. My only concern is where we will be able to trade them in. As I understand it from my research, the only place to do this right now is in Iraq. Hopefully, some US banks will begin converting it since the Iraqi government is back in "power".
quote:
Originally posted by tiredofbeingpoor:
I do have some and a friend has some. My only concern is where we will be able to trade them in. As I understand it from my research, the only place to do this right now is in Iraq. Hopefully, some US banks will begin converting it since the Iraqi government is back in "power".
by the time those IQD are worth trading in, the dinar will (should) be back on the major currency exchanges... they'd have to be holding their own as a trading nation for their money to be worth anything... JMHO though
quote:
Originally posted by pharmdman:
by the time those IQD are worth trading in, the dinar will (should) be back on the major currency exchanges... they'd have to be holding their own as a trading nation for their money to be worth anything... JMHO though
My opinion also.
im still in at the end of the month when i have the necessary funds
t
Teen,
See I agree with you 100%, as long as you did not leave the Air port you'd probably be okay... However somewhere someone is going to see you wait at that air port, exchange a boat load of cash and then hop back onto a plane. Now if you did that, you wouldnt have to pay taxes, of like 20%-33%, just changer fees 2-5%... That is a big difference... do you get out of the takes though? Are there taxes? I would imagine so right?
CMKX is the one waiting for me, I even poured EXTRA cash so when it hits I can get more Dinars. I mean 3-5 million dinars and you are set... at 4 million dinars, all you have to do is hope it goes to .25 to our dollar and BOOM! MILLIONAIRE...
Now let us say we do that here, and it ONLY goes it a dime, still 400k in currency is pretty damn good not to mention TeenTrader you'll look like The Man lol when you tell a girl how you made your cash when she asks... 'Yeah I was smart, took a chance in Iraq and well, Oil money isn't that bad..."
Now we have Iraq.... What about Iran... North Korea... even Syria...
Iran is the bets option since if we ever took out their hostile government, Iran has oil and NATURAL Gas and is situated to bring gas to India, Pakistan and if be, into China as well as exporting to Europe. Sooner or later we have to do something. I supported the war in Iraq, Saddam was totally a threat and sooner or later he WOULD have hurt Americans. But Iran most likely has nuclear capabilities... (well so does Korea but in terms of how I see it, what the hell could Korea produce AFTER we took it over??? They have no natural resources worth it, ya know?)I mean Iraq didn't, Iraq is a shell game. Now we have 10-15k troops in Afghanistan, Troops in Kuwait, 120k+ in Iraq.... Troops in Pakistan, CIA Predator Drone Bases in Uzbekistan. I mean look at a map of the Mid-east, we have SURROUNDED IRAN.... Seriously TeenTrader, I know Iraq was a shell game, something we needed to do, but in the long run it puts 100k Troops at Iran's doorstep for 5+ years....
We can become millionaires just by changing governments... I am really considering the military. I am trying my hardest to learn Urdu, a language spoken in the Pakistan region. Thankfully my Arab friends at the gas stations will teach you anything about their homeland. In fact most are taken back if you honestly ask them where they are from. I have been offered to go visit Pakistan and stay there for a couple of weeks... Makes me wonder if we ever go into Iran, I think I would fly to Pakistan and cross over into Iran... Dangerous? Totally. Stupid? Depends who you ask. Profitable? Yeah.
Price of a round-trip plane ticket to Peshwar, Pakistan: $2,100 US
Price of the train ride to the Iranian/Pakistani Border: $25 US
Price of a girls face when you tell her you got shot at, almost kidnapped and dressed as a Muslim to strap millions of Iranian Rial to your chesst just to fly back home: Price less....
Teen Trader, I like you, you know why? Because you are smarter then me I did not start trading until Jan. 2004 lol... I am 23, go you bro Happy Fourth guys!!!
-John
Any thoughts after reading the article?? I just find it interesting. We can't ignore the bad and just take the good. We have to weigh the two and hopefully the good outweighs the bad in this situation.
quote:
Originally posted by stock_82:
[URL=http://www.planetark.org/dailynewsstory.cfm/newsid/21438/newsDate/9-Jul-2003/story.htm]http://www.planetark.org/dailynewsstory.cfm/newsid/21438/newsDate/9-Jul-2003/story.htm[/ URL]Any thoughts after reading the article?? I just find it interesting. We can't ignore the bad and just take the good. We have to weigh the two and hopefully the good outweighs the bad in this situation.
IRAQ: July 9, 2003 - last year! - that is the date the article was written. Is there something I am missing or are you just calling to light that not all is well and that anything can happen in the country?
I too have been following the Iraqi dinar. You are correct about
that price. The Central Bank of Iraq has been having daily auctions
and the price as of June 26 was 1460 dinars/$. The volume of
exchanges has been around 10-15 million USD per daily auction. I've
been curious to see the price since the handover, but it isn't
posted or they have had no auctions
(http://www.iraqcoalition.org/exchange.html)
What that tells me is that most of the websites selling Iraqi
dinars are gouging- nearly doubling their money. At the present
time, and probably for a few years to come the only place you can
exchange Iraqi dinars is *IN* Iraq, in the near future you may have
to deal with one of these sharks to get your dollars at a
significant discount(or take a vacation to Iraq!), until
international banks are allowed to exchange dinars. It reminds me
of times I have exhanged money in the streets in Albania, and the
Dominican Republic, where the street rates are much much better
than bank rates but being mugged is a real possibility.
Another thing I have looked at are values of surrounding
currencies. At http://www.fxstreet.com/nou/gci/gcicurrencies.asp
you can monitor the Riyal ($3.7478/SAR), the Kuwaiti dinar
($0.2946/KWD)and others. This doesn't tell me much, but one thing
to consider is that the Turkish Lira currently trades at 1,469,995
Lira to the dollar.
My own opinion is that 1)the dinar may get cheaper in the near term
because of the instability 2)Iraq does not look that economically
bright to me. It is a one-pony country with only oil to depend on.
As a petroleum geologist I can tell you that it will be 3-5 years
before Iraqi oil production is restored to prewar levels, and those
levels were not high (~2.5 mbpd peak in 1999 compared to world
consumption of 78 mbpd). It may be 10 years or more before Iraq is
truly a significant oil producer. The first tanker load of oil to
leave Iraq since the war started only sailed about a month ago.
Many of the Iraqi oil fields are permanently damaged from being
shut-in and will require new drilling before there is any
resumption of production. 3)the most likely way to make money on
the dinar might be as a collectible. Currently the 1971 Iraqi dinar
notes list (in Krause) for US$20 to $60 per dinar in uncirculated
condition at retail value. Even this is speculative because there
may end up being a lot of these notes being hoarded by collectors-
and it might take 30 years to get there!
If you want to wait ten years- you might make good money, or you
may have the equivalent of Turkish Liras.
Now on the JB... I would have to say.. you and I are both right, and I like you too :P. The little Iranian comment about the priceless thing... umm yeah priceless... and I would have to say I would absolutely do alittle covert op for myself to make some money... it would be scary and an adrenaline rush the whole time through.. Also, about the airport thing... the way I see... I walk in with a breakcase with my dinars... exchange... put my crispy benjamins in the briefcase and jump on my plane... someone would have to stop me in the middle of the airport and steal my money... and I mean hey... if I have to slip an american soldier $1000 to walk me around with a m16... then I mean hey... that is the price you pay to keep yourself safe..
Rountrip ticket to Iraq: $Who cares your gonna be rich
Bodyguard at the airport: $Again who cares your gonna be rich
Tellin a girl your "How I became a millionare story": Priceless
Ya know theres some things money can't buy.. for everything else theres the Iraqi Dinar; bought by every smart investor out there.
quote:
Originally posted by Nacho:
Hey guys, before you make any big decisions on the dinar I saw this on another forum:I too have been following the Iraqi dinar. You are correct about
that price. The Central Bank of Iraq has been having daily auctions
and the price as of June 26 was 1460 dinars/$. The volume of
exchanges has been around 10-15 million USD per daily auction. I've
been curious to see the price since the handover, but it isn't
posted or they have had no auctions
(http://www.iraqcoalition.org/exchange.html)What that tells me is that most of the websites selling Iraqi
dinars are gouging- nearly doubling their money. At the present
time, and probably for a few years to come the only place you can
exchange Iraqi dinars is *IN* Iraq, in the near future you may have
to deal with one of these sharks to get your dollars at a
significant discount(or take a vacation to Iraq!), until
international banks are allowed to exchange dinars. It reminds me
of times I have exhanged money in the streets in Albania, and the
Dominican Republic, where the street rates are much much better
than bank rates but being mugged is a real possibility.Another thing I have looked at are values of surrounding
currencies. At http://www.fxstreet.com/nou/gci/gcicurrencies.asp
you can monitor the Riyal ($3.7478/SAR), the Kuwaiti dinar
($0.2946/KWD)and others. This doesn't tell me much, but one thing
to consider is that the Turkish Lira currently trades at 1,469,995
Lira to the dollar.My own opinion is that 1)the dinar may get cheaper in the near term
because of the instability 2)Iraq does not look that economically
bright to me. It is a one-pony country with only oil to depend on.
As a petroleum geologist I can tell you that it will be 3-5 years
before Iraqi oil production is restored to prewar levels, and those
levels were not high (~2.5 mbpd peak in 1999 compared to world
consumption of 78 mbpd). It may be 10 years or more before Iraq is
truly a significant oil producer. The first tanker load of oil to
leave Iraq since the war started only sailed about a month ago.
Many of the Iraqi oil fields are permanently damaged from being
shut-in and will require new drilling before there is any
resumption of production. 3)the most likely way to make money on
the dinar might be as a collectible. Currently the 1971 Iraqi dinar
notes list (in Krause) for US$20 to $60 per dinar in uncirculated
condition at retail value. Even this is speculative because there
may end up being a lot of these notes being hoarded by collectors-
and it might take 30 years to get there!If you want to wait ten years- you might make good money, or you
may have the equivalent of Turkish Liras.
This guys whole arguement was that the dinar might become like the lira... but what does Turkey have economically?? Earthquakes? just MO but.. I think the single fact that iraq has oil makes it such a good investment... everyone in the world wants oil... and they are going to get it from Iraq... drilling new holes and producing oil will not be a problem IMO... if you know you will generate money from something, why would you delay at all from producing it? Iraq is going to get back on track.
True, but Iraq only has a small amount of oil as compared to some of the other oil producing nations. I would say also that thier infrastructure for drilling the oil is very antiquated compared to other nations in the middle east using much more modern drilling & delivery systems. They aren't even get 20% of the oil reserves in the areas they are drilling in because of this problem. This leads to yet another bigger problem. Replacing all this with new systems that work. That would take many years and many more billions. It's almost not worth it because companies are investing in geographic locations that are deemed much more oil rich. So, in the long run Iraq will not be that well off in the oil bussiness unless there is some serious investment into updating thier infrastructure. If it ever happens, it may be way down the road due to the terrorist elements in Iraq that have targeted this industry on numurous occasions.....
Another thing to consider are the elections early next year in Iraq. I think that's another key. If they vote in somone like Al Sadr, kiss your dinars good buy. I would seriously wait until atleast the elections before making any investment in Iraq. For now, I'll just be keeping an eye on this one. Things could turn around for the better. If Bush wins the election here & we clamp down on those throat cutters over there that will be a big help.
sorry to say...-John
However even if you had to hold onto the money for three years, if there was an exchange, in terms of a re-issuement of money, you could always exchange it, I mean I would even go to Iraq to do it, I mean if I had to.
-John
If we build ... they will come.
This link has some interesting updates on it.
http://usinfo.state.gov/mena/middle_east_north_africa/new_iraq/ni_economy.html
quote:
Originally posted by JBCak47:
Well considering very little oil will be pouring out, I heard news reports of something like 10% of the pre-war levels (prewar I assume is the Second Gulf War, but then again I am not sure, the news or I could have gotten it wrong.) of 2 million barrels a day, or roughly 200,000 per day. As of now, the pipe lines are being attacked, oil transportation has been subject to loss, theft, corruption, as per the news. However, perhaps in two years they could exceed the desired goal of ten percent and make something like thirty pecent, I am sure that would make their dinar more profitable. If security is improved over the country, that too should, should being key here,lol, add to the value and stability of their dinar against our dollar. The key is their oil, I am sure within two years their infrastucture will improve considering France, Germany, Russia/Europe, Asia/China need more oil, espically China, to feed it's growing industry, espically if the world economy picks up, which it is. Not to mention some of the oil will go back to us. Perhaps it will go on the market, I am thinking it will go into the SPR... OR the military will get it.However even if you had to hold onto the money for three years, if there was an exchange, in terms of a re-issuement of money, you could always exchange it, I mean I would even go to Iraq to do it, I mean if I had to.
-John
JB, if all else fails, here's the deal... if there is a currency exchange and new "new" IQD are being replaced, then the opportunity here is to offer to exchange OTHER people's IQD when you fly over... for a fee, of course!!! I'll see you at Baghdad International Airport!! Drinks on me!
However for the SP and The Pharmicist, Afhanistan is just a stones throw away... you know with those never ending fields of poppies... and hemp....yummmmmmmmm :
Now knowing my luck I will be diverted to Sudan, unknowingly wake up and leave the plane only to discover a sign saying "Ethiopia, 225 km East" hmmmmmmm....
Lets see if I subtract the two, carry the y and solve for x, usuing pagatheorums theory and carring the remainder, ahhhhh damn... My plain was diverted... whoa!
You know you could take your millions of dinars BACK to Iraq and live pretty well... I mean... well... maybe live? At the very least I am sure you can get a couple of prostitutes lol... Now in America most prosititues are chicken head crack heads or some form of addict... and 99.9% look beyond gross. I wonder how Iraqi prostitutes look like. In Italy, outside the city of Piza, there are/or were these BEAUTIFUL Italian girls, 18-24, who would stand on the side of the road, in the middle of the day, wearing nighties and what not. Well it turns out they are prostitutes who only give head/hand jobs they don't have sex. These girls were smoking hot, I MEAN UNLIKE ANY HOOKER YOU WILL OR HAVE SEEN IN AMERICA. We have fat black and white ones, they have almost models. I swear to you guys. I was 18 at the time and with the family, so nothing was going ot happen not that it would because I am not keen with some Italian slhore licking my chopstick with like 20 others guys kids in her mouth... That ain't kosher... lol...
None the less they were good lookign prositutes... WTF are we doing wrong in America? See it must be the Meth and Crack...
-John
[This message has been edited by Spinoff (edited July 07, 2004).]
[This message has been edited by Spinoff (edited July 07, 2004).]
I mean you'd have 5 million or so Iraqi Dinars...
If it hit:
.01 = $50,000
.02 = $100,000
.05 = $250,000
.10 = $500,000
All in cash too,lol Hey why not. I mean even if it ONLY hit two cents, 100k is pretty good. Only until CMKX hits can I get my Dinars... When it hits, then I'll will get three million or so... dreams...
-John
can they be re-sold on prizewise?? what are the tax implications? LOL
quote:
Originally posted by JBCak47:
If you can afford to possibly lose the 5k then go for it...I mean you'd have 5 million or so Iraqi Dinars...
If it hit:
.01 = $50,000
.02 = $100,000
.05 = $250,000
.10 = $500,000All in cash too,lol
-John
We will be rewarded!How many prositutes... I think you pay by how pretty they are...lol.. guys or girls
lol...
Ahhh prositiutes aren't for me though, funny to talk about but not something I would like to dip my knob in... Besides, giving my all to some skinny meth head or fat chicken head is not my idea of a fun date.
Besides way to many things you can catch, lobsters and crabs to say the least, hehe...
-John
. I'm hoping PCCL brings some profit soon so I can get a total of 5k invested in dinars. COMON IRAQ! GET ONLINE AND PRODUCE!!quote:
Originally posted by Spinoff:
What I like about this is that at least you know pretty much "exactly" what your getting into. Unlike some companies like WNMI after the big push north in April then all of a sudden the hidden dilution happens, and I don't hear about it until it's 85% complete....sux bigtime. That was my big loss this year, and hoping to gain some back on other plays as well as this long term play. GLTU"S"A
------------------
Your mind is your greatest asset...SO use it!!!
-John
quote:
Originally posted by JBCak47:
LOL, YEAH TOTALLY, WE ALL HAVE BLOWN MONEY ON 'BAD NIGHTS OUT'...Of which you remember 2% of what happened...-John
it's the 98% that your friends fill you in on that's totally embarrassing! LOL Not to mention, years later you still think they made some of it up!!
quote:
Originally posted by pharmdman:
Very nice find, Young... but in my mind it's still worth the risk... it's only a few hundred bucks! I've spent that on a bad night out...LOL....
I agree, totally!! I just wanted to expose both sides of the coin. I've already purchased Dinar from a reliable source. At 10 cents to the dollar, I will be very happy! Hopefully, everyone that is considering investing in Dinar, obtain them from a reliable source, the "Internet" is full of scammers. GLTA...and I'm out!
P.S. Don't forget about that good ol' gold bullion.......
------------------
Your mind is your greatest asset...SO use it!!!
quote:
Originally posted by pharmdman:
Young, what was your reliable source? Someone military returning or a website?
I have researched/perused many sites and the only one I found sufficient in handling of Iraqi Dinar was....(drumroll please)www.buydinar.com!! Why? They are backed by the BBBureau...they don't deal with credit cards, no checks/money orders....hence pure professionalism. I haven't the slightest notion to how legit E-Bay or other sources are, I can only represent my side, empirically, meaning I have experienced and observed from my side of the table. In essence, get them where you can...but mine are better. LOL!!!
------------------
Your mind is your greatest asset...SO use it!!!
[This message has been edited by YOuNgFettaChini (edited July 09, 2004).]
quote:
Originally posted by pharmdman:
thanks Young... there's one business on ebay that's been selling them and they have all positive feedback. So it's either them or buydinar.com...
No problem! Good luck!
------------------
Your mind is your greatest asset...SO use it!!!
Best of luck... Remember you went through Ebay too so there some wiggler room.How many notes if I may ask?
-John
Latah'.
Scott
------------------
Your mind is your greatest asset...SO use it!!!
quote:
Originally posted by YOuNgFettaChini:
A fool and his money soon part ways... I advise you read this:
http://www.buydinar.com/faq.php
This is a nice find, Young! Thanks!
1 USD = 1,450.56 IQD
quote:
Originally posted by Candydish:
OK, I am new at this one, and alot to learn on it, but checked out prices on the buydinar dot com
250,000 Dinars = USD$450.00
1,000,000 Dinars = USD $ 1,345.00
Good price??
How do you track this like we do the other stocks, ie: barchart etc...
Help to Educate the ignorant
CD
They are apparently a very reliable source, but you pay higher exchange fees through them. If you're the more daring type, you can either purchase somewhere like ebay or directly through an Arab bank. I'd say the Arab bank route is the most risky. You have to wire them money and hope that they send you the cash in return.
quote:
Originally posted by Spinoff:
I just bought a 2 count, but am goin' for more if everything on this deal goes through. I just received an email from this guy today stating that he would like a bigger customer base so if my notes arrive by next week then this guys legit, and I'll put his info up on the board. I'll keep y'all upta date.
COMON IRAQ!!!
Any luck with your wire transaction, Spinoff??
quote:
Originally posted by Candydish:
Well, here is what I am trying to do. I have an e currency business. We however, deal world wide in egold, INT gold, silver etc... soooo, I have my partner, Mike looking into what we need to do to deal in the I. Dinar. Hopefully, will have answers by next week. I am going to hold off buying anything until I see if we can get it directly from the reliable banks/holders.
IF, and I do mean IF, we can get it directly from the banks, or can cut out the middle man, it will of course mean a great discount, and I will pass the discount to persons here at Allstocks.
Mike has a better understanding right now than I do of the dinar, but after this weekend, and after I read ALOT, I will no longer be ignorant, or so I hope.
Keep your fingers crossed.
CD
Candy, I wish you luck! I'll be one of your customers if you can get things rolling. My understanding is that the only place that USD may be exchanged for IQD currently is IN Iraq. Although, now that the Iraqis are in charge, that may be changing.
quote:
Originally posted by Candydish:
Well, here is what I am trying to do. I have an e currency business. We however, deal world wide in egold, INT gold, silver etc... soooo, I have my partner, Mike looking into what we need to do to deal in the I. Dinar. Hopefully, will have answers by next week. I am going to hold off buying anything until I see if we can get it directly from the reliable banks/holders.
IF, and I do mean IF, we can get it directly from the banks, or can cut out the middle man, it will of course mean a great discount, and I will pass the discount to persons here at Allstocks.
Mike has a better understanding right now than I do of the dinar, but after this weekend, and after I read ALOT, I will no longer be ignorant, or so I hope.
Keep your fingers crossed.
CD
Keep us posted - I am interested
Hummm, open a business account there, wire the ID$$ to the account. Then wire back USD$$ to the US business account.
Wonder how much weight a carrier pidgeon can carry, and how far can they go. Thought about flying over there, but hubby looked at me like I was bonkers. OK, a little dangerous.
If there is a will, there is a way.
CD
quote:
Originally posted by Candydish:
Well, as we all know selling is the hard part. It can only be exchanged IN Iraq, but I had one guy at a company give me strong hints that there are other ways to exchange it. eeekkk, I will stay away from him. If he is willing to offer that kind of a hint to a stranger, wonder what he would do with the money... Oh, yeah I am sure it would show up in my account. ha!Hummm, open a business account there, wire the ID$$ to the account. Then wire back USD$$ to the US business account.
Wonder how much weight a carrier pidgeon can carry, and how far can they go. Thought about flying over there, but hubby looked at me like I was bonkers. OK, a little dangerous.
If there is a will, there is a way.
CD
Candy, we were thinking the same thing. There has to be a foreign currency exchange in Baghdad International Airport. Just fly over, exchange, and hop on the next damn flight out of there! LOL... My theory is this though: By the time they're worth exchanging back to USD, Iraq should again be a world supplier of oil, forcing them to be some currency exchanges. Even if you have to do a double flipflop.... i.e., IQD to GPB, then GPB to USD. Sure, you'd lose some with the double exchange fees, but better than risking your head!
That is an easy question... STONEDDDDDDDDDDDDDDDDDDDDDDDDDDDDDD!!!!
How much and how far can one of your cousins go carrying dinars? Like 40 25k notes????
Does he get paid like 2.5% of the base or worms and bread crumbs???
-John-
Never trust a pigeon, or a chicken for that matter (damn chicken heads! WHOA!)
Another quiet Saturday...
I've got a cousin who is saving up for some dinars now...
You've gotta tell me when you order yours... In fact I think TeenTrader should get in on this... By the time He's a freshman in college he could trade them in for his big $$$
So you spent your day at Universal ?!?!? Awsome! Lol, I remember their signature Train/Earthquake ride, or was that the one in California?!?!?lol... So 1980's.... HAHAHH...
Anyone know anything about the Afghani Dollar??? Not much to back it up with since Opium is illegal! (Damn People like Pharm, monopolizing the street pharmacy business)
However I think Iran is next on America's Hit list... were approaching 30 years of 'The Great Satan'... at least one WHOLE generation of American's views Iran in an extremely negitive light, the same generation that is fighting in Iraq...
Way to much to get into... alas... I am dry luckly my daily bread is only a phone call away
-John-
I have a few fingers out in the "community" that also deal in ecurrencies etc... Darn weekend, so I cannot find out anything till during the week.
CD
quote:
Originally posted by pharmdman:
This is a nice find, Young! Thanks!
How about these guys. The price is low and its shipped COD by fedex. No dinars no pay money, Right? http://www.getiraqidinar.com
[This message has been edited by DIGDOUGH (edited July 25, 2004).]
Can I ask why you chose that?lol...
-John-
quote:
Originally posted by DIGDOUGH:
How about these guys. The price is low and its shipped COD by fedex. No dinars no pay money, Right? http://www.getiraqidinar.com[This message has been edited by DIGDOUGH (edited July 25, 2004).]
does this mean you pay on arrival of the money???
-John-
[This message has been edited by Spinoff (edited July 26, 2004).]
[This message has been edited by Spinoff (edited July 26, 2004).]
quote:
Originally posted by Spinoff:
Hey anybody still interested?...cuz I gots some notes BABY!
They came while I was on vacation. Straight from Kuwait. I paid 860 US for a one count...so I bought two. He is interested in getting more notes for folks. Not sure what the price is now. Email me at usasail at yahoo dot com, and I'll send you his info. COMON IRAQ PUMP BABY PUMP!!![This message has been edited by Spinoff (edited July 26, 2004).]
[This message has been edited by Spinoff (edited July 26, 2004).]
ok update us on who you did it through. how the transaction went and how we can contact who you got the notes from? how do you know they are real?
quote:
Originally posted by duke4734:
ok update us on who you did it through. how the transaction went and how we can contact who you got the notes from? how do you know they are real?
quote:
Originally posted by Spinoff:
Good question, and if you are skeptical for any reason then I would suggest that this may not be a good investment for you. Just my opinion, and not an answer....good luck.
i just want to make sure im not getting ripped off.
quote:
Originally posted by duke4734:
i just want to make sure im not getting ripped off.
quote:
Originally posted by bauer:
Just got my 2 million dinar. Nice and crisp. Gonna sell some on prizewise
Let's try this one.
http://cgi6.ebay.com/ws/eBayISAPI.dll?ViewSellersOtherItems&useri d=joeykangaroo25&completed=0&sort=3&since=-1
Just a heads up.
[This message has been edited by lilpennypincher (edited July 30, 2004).]
[This message has been edited by lilpennypincher (edited July 30, 2004).]
[This message has been edited by tic_toc (edited July 31, 2004).]
tic-toc got my point EXACTLY--nobody is going to sell AMMO for DINARS, but they will sell it for DOLLARS...
I will be looking for Iraq to get it's own LEGAL exchanges up and running (stock and cash)-because i am extremely hopeful that our efforts will succeed in the long run. Right now we are obviously dealing with some very STUPID insurgents cuz if they would make peace, we could start to pull out the troops and everybody could start getting wealthier....in the meantime please consider WHO YOU ARE DOING BUSINESS WITH.....
Has ANYONE had any luck dealing directly with a mid-east bank?
1 USD = 1,463.70 IQD
Anyone else have good luck with an exchange? JB, have you grabbed yours yet?! 
Thanks,
Microstock.
Found that off fat-wallet
[This message has been edited by is300 (edited September 19, 2004).]
[This message has been edited by is300 (edited September 19, 2004).]
Before the 1990 sanctions on Iraq, One Dinar was worth $3.3+ US dollars. With the current international investment into the regions stability, it is all but a guarantee that this extremely depressed Dinar value will not last long and soon begin to sharply appreciate in value.
Very conservative estimates are that the New Iraq Dinar will likely soon be trading at 100 Dinar per dollar. I share many peoples idea that the dinar will rise to 1 dollar per dinar. You do the math; at the purchase price of this bill, the profit potential is clearly huge!
Please email or call me with any questions about different amounts or denominations: 509-899-1010
is the 1 to 100 a BS number or is it really possible?
The United States has pledged over $18 Billion, military and civilian support, debt relief and economic ties that will give Iraq the capability to develop its potential as a $70 billion a year economy, one of the largest in the region.
A successful Iraq will bring its currency from historic lows to an internationally recognized currency with world value.
A vibrant country with a highly educated population of just over 22 million people, Iraq possesses oil reserves of over $10 trillion at the current market value.
New Iraqi Dinar has advanced 25% since the end of major combat operations.
The value of the New Iraqi Dinar, which had slipped to between 3500 and 4000 against the dollar before April, 2003, advanced to 1,500 Dinar to the dollar following the end of major combat operations in July, 2003.
is it to late to still jump in or is 1,500 it and didn't the new dinar come out in Oct 2003 and the old one was made worthless?
[This message has been edited by is300 (edited September 19, 2004).]
In the event that the Dinar goes up in value - where could I remit the currency?
Major Banks that offer currency exchange services.
Currently the Dinar is not traded anywhere but in Iraq.
Here's your Darwin award
When the dinar shows up on the world markets(forex) the estimated exchange value is .33 to .10 to even a .01 with continued growth from oil reserves and strong investments from foreign countries as well as their debt is almost wiped out.
Forget CMKX this would be the play of a lifetime backed by billions of Us gov't money and military and civil force.
the Iraqi govt. is currently exchanging old for new....
the policy is that they DO NOT want it on he intnl. market yet, or you would be able to buy it on the legitamate market.....
if you exchange US$ for them you have no way of knowing who you are doing biz with.
[This message has been edited by glassman (edited September 19, 2004).]
BAGHDAD - Smuggling, hoarding and currency speculation sent the Dinar on a rollercoaster ride this week, pushing the value of the new currency up to almost ID 900 to the Dollar. On the day that the old notes bearing Saddams picture were phased out, the new currency saw some of the same market manipulation the older currency faced, prompting some economists to ring alarms that the beleaguered currency may be set for a more serious downfall.
Large amounts of the new Iraqi Dinar have been smuggled out of Iraq to neighboring countries like Kuwait and Syria and Jordan, and the demand for the dinar is now much higher, said Ali Fahmy, a trader in Kiffah market, as he watched the Dinar rise ever higher in value.
There are now traders supplying dinars to speculators in other countries. For example, if I have $1000 and change it to 1.5 million ID, and then smuggle the money outside Iraq, after a while the Iraqi dinar may become so strong against dollar that I would then have a fortune.
The smugglers have taken to concealing the new Dinar in unlikely ways, traders say. Some have stuffed the new bills into car spare tires, or stashed banknotes in hidden tanks within trucks crossing the border. They come to us and want the dinar in high denominations like the 25,000 or 10,000 note. Thats because its easy to carry large amounts of the dinar and hide it in hidden places in bags or suits, says Naji Tawfiq, a trader in Harthya.
Even Iraqis seem to be stashing away dinars in the hope that the exchange rate will return to its 1980s high of $3.3 for per dinar. They are waiting till their ID1.5 million becomes $5 million. Its a big gamble but they hope that their few million Dinars will one day be worth millions of dollars instead, explains Ali Fahmy.
If the smuggling continues, then we will face a real problem, as there is not enough currency for us, the Iraqis, to deal with in the markets. This may force the Central Bank to print more dinars with the effect that the value will fall, suggests Hisham Al-Dagestani, a banking expert. We should punish anyone exporting dinars, and close the borders to stop it from happening. But Central Bank officials put a different spin on the wide fluctuations. The huge fluctuations reflect rising confidence in Iraq and in its currency, they insist. Sabah Noori, manager at the Minister of Finances office, predicts global interest in the new Iraqi dinar to increase even further. When I was in Kuwait, I saw notes and signs in the streets about the Iraqi dinars value. People trust the new currency as it cant be faked, because they believe that the Iraqi dinar is supported by the Americans. I heard people saying that they should buy large amounts of the new dinar to gain benefit in the future.
There are high hopes for the Iraqi economy, says Iraqi Central Bank governor Dr. Sinan Al-Shibiby. Its now a trustworthy currency, but the rise in value is not justified because its too big a jump, while you really want something smooth. People now want to have the dinar because it will be strong in the future.
You can keep the award and go back to your dayjob of bashing CMKX
and i hope you get caught....and receive your due process...John
[This message has been edited by glassman (edited September 19, 2004).]
quote:
Originally posted by glassman:
i think you are admitting this is illegal.....and i hope you get caught....and receive your due process...John
[This message has been edited by glassman (edited September 19, 2004).]
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
IRAQ (PRWEB) March 2, 2004 -- Investment in the new Iraq is guaranteed under the Presidential Order 13303 removing sanctions on investment in Iraq . The new order allows for a restructuring of the banking system in Iraq . US citizens are allowed to invest in Currency, Stocks, Bonds, Real Estate and Business in Iraq .
Iraq has a new currency to replace Iraq s two currencies, one of which was easily counterfeited and mostly circulated in a single denomination. Banks issue only the new currency and government employees paid in cash will receive their salaries in the new currency. Until January 15, 2004 the old and new currencies will circulate freely at a fixed exchange rate. Exchange between the old and new currencies is conducted at now charge at multiple exchange points around the country.
The other financial market structures are strong:
95 percent of all pre-war bank customers have service and first-time customers are opening accounts daily. Iraqi banks are making loans to finance businesses. The central bank is fully independent. Iraq has one of the worlds most growth-oriented investment and banking laws.
The new Iraqi dinar which is printed bu De La Rue company in the US and Great Britian, is valued at just 2 tenths of one cent today. The US treasury has a strong dinar policy and is working with the CPA (Coalition Provisional Authority) to reinstate a strong decentralized banking system in Iraq . By December 2004 there will be six Western Banks in Iraq and six Iraqi Banks outside Iraq in operation. In March Three banks were given licence to operate in Iraq, National Bank of Kuwait, HSBC Bank and Charter bank of England .
Wrong again double awards for you now You are just as bad at CMKX bashing heheheh
by the way how many times do you have to re-edit your post before you are done? Duh?!?!?!?
maybe you should consider politics for a career if you ever graduate....
quote:
Originally posted by glassman:
LOL John, buying dinars isn't investing--it's black marketeering....
and in case you didn't notice it, we are at war there....
tell me there's no way the rebels are using new dinar trading to secure weapons to KILL our troops and i'll call you a liar and be right.....maybe you should consider politics for a career if you ever graduate....
Who is John? Darwin award 3 LOL
quote:
Originally posted by glassman:
LOL John, buying dinars isn't investing--it's black marketeering....
and in case you didn't notice it, we are at war there....
tell me there's no way the rebels are using new dinar trading to secure weapons to KILL our troops and i'll call you a liar and be right.....maybe you should consider politics for a career if you ever graduate....
quote:
Originally posted by glassman:
LOL QUICK EDIT YOU POST BEFORE WE SEE YOUR GOOF AGAIN!!!
Darwin award 4 Granted!!! hahahaha
quote:
Originally posted by glassman:
i hope you don't have anything to hide fool, certain keywords in this thread trigger monitoring by people ver good at what they do, and your ISP number is already logged..LOL
What does ver mean?
Ding ding ding darwin award 5 awarded!!!
as long as i stick two two fingers i ok....LOL
[This message has been edited by glassman (edited September 19, 2004).]
quote:
Originally posted by glassman:
LOL byrd, i just have too soft a touch on the key board dometimes....as long as i stick two two fingers i ok....LOL
[This message has been edited by glassman (edited September 19, 2004).]
Dometimes?? hahah
Who is byrd? I think its time for the special olympics for you ahahahha
[This message has been edited by glassman (edited September 19, 2004).]
quote:
Originally posted by glassman:
there's nothing funny about providing capital to terrorists....
[This message has been edited by glassman (edited September 19, 2004).]
It's funny seeing an illiterate try to use a message board. hahaha
Dinars AREN'T an Investment?
Ummmmm okay...
I will buy the dinars at .001 and when they are traded on the world market, forces such as oil, stability, and time will make the dinar go up in value.
If the Dinar is currently trading at .0006x to the dollar, WHY ISN'T THAT AN INVESTMENT? Espically when the OLD DINAR traded at .30 to the US DOLLAR.
There are also terrorists who are getting help from AMERICAN CITIZENS WITH AMERICAN DOLLARS, SO WHAT IS YOUR POINT?
There are a number of companies and investment firms selling the dinar, some with the Better Bussiness Bureau...
Yes I am SURE some rebels and insurgents are using the Dinar to make money, not much different then some off-shore hedge funds working on behalf of or for Hammas...
However it would be almost stupid not to make money off this. Besides, you can even open a bank account in Iraq and trade on the ISX when it becomes open to foreign investors.
I contacted an Iraqi Bank, Al Warka Bank, and they have emailed me back the info to open an account. www dot investorsiraq dot com is a pretty good Iraqi Dinar discussion Forum. Check it out, there is information on opening and contacting banks in Iraq. A bonus of the Iraqi Bank account is that you can buy Dinars AT THE REAL EXCHANGE RATES...
However you have to wire money to Jordan, Lebenon or Syria then onto Iraq... Jordan is the best of the three, in my opinion...
THIS IS AS RISKY AS IT GETS... However I think throwing a couple of hundred at this, when I have money, will be a fun learning experince. Presdient Bush, as well as The Iraqi Interm Govt has given the GREEN LIGHT to foreign investors, we just have to wait for the ISX to open up to the world...
-John-
maybe i should e-mail this to some of my friends at Fort Bragg, and see if they agree with you...
ism300 let me introduce you to the real byrd..JB's second persona here...
i apologise for assuming you were he, if you aren't, but i still say that supporting trrorists is WRONG, and that until the international restrictions are lifted in this money, it is still BLACK MARKETEERING and i hope the treasury dept is doing their job and tracking it down...
[This message has been edited by glassman (edited September 26, 2004).]
quote:
Originally posted by JBCak47:
Glassman,Dinars AREN'T an Investment?
Ummmmm okay...
I will buy the dinars at .001 and when they are traded on the world market, forces such as oil, stability, and time will make the dinar go up in value.
If the Dinar is currently trading at .0006x to the dollar, WHY ISN'T THAT AN INVESTMENT? Espically when the OLD DINAR traded at .30 to the US DOLLAR.
There are also terrorists who are getting help from AMERICAN CITIZENS WITH AMERICAN DOLLARS, SO WHAT IS YOUR POINT?
There are a number of companies and investment firms selling the dinar, some with the Better Bussiness Bureau...
Yes I am SURE some rebels and insurgents are using the Dinar to make money, not much different then some off-shore hedge funds working on behalf of or for Hammas...
However it would be almost stupid not to make money off this. Besides, you can even open a bank account in Iraq and trade on the ISX when it becomes open to foreign investors.
I contacted an Iraqi Bank, Al Warka Bank, and they have emailed me back the info to open an account. www dot investorsiraq dot com is a pretty good Iraqi Dinar discussion Forum. Check it out, there is information on opening and contacting banks in Iraq. A bonus of the Iraqi Bank account is that you can buy Dinars AT THE REAL EXCHANGE RATES...
However you have to wire money to Jordan, Lebenon or Syria then onto Iraq... Jordan is the best of the three, in my opinion...
THIS IS AS RISKY AS IT GETS... However I think throwing a couple of hundred at this, when I have money, will be a fun learning experince. Presdient Bush, as well as The Iraqi Interm Govt has given the GREEN LIGHT to foreign investors, we just have to wait for the ISX to open up to the world...
-John-
you say everybody else is doing it why shouldn't i.....
this is why the terrorists survive....
and if you really think this is justification, then you are part of the problem too....
wiring money to Jordan Syria Lebanon??????
sick.....
[This message has been edited by glassman (edited September 26, 2004).]
quote:
Originally posted by trgfunds:
Am I wrong or shouldn't you be able to purchase 1,000,000 Iraqi Dinars for 685 dollars or so? Current exchange rate is 1459.27/dollar. So far the lowest price I've seen on ebay is 840 USD. Is there some huge markup or something?
Yes, this is where money is being made. The markukp is probably the only place money will be made in this deal.
Q: If you had tens of millions of dinar at your disposal, and it's supposed to be worth 1:3 or 1:1 against the USD, why would you be selling them for a measly 15% markup? Why not wait 5-10 years and be a multimillionaire?
A: Because there are lots of gullible people on the planet willing to send you money for worthless junk.
-R
And if you haven't realizied, MANY Democrats and Republicans are making money off the Dinars too... You are lying to yourself if you don't think the rich and powerful are profiting off this war as well, rich, democrat or republican alike... The Dinars is a way to profit off of it.
Is it SICK? No more then how people profited from Jpaan and Germany...
And how am I supporting terrorism if I buy dinars that are CERTIFIED from being from the Iraqi Banking system?
Glassman, I think you need to go re-read some history and get a better understanding of what is going on. You thinking that Dinars is terrorism is so off-base. What happens when the Dinar is traded on the world exchange? EVERYONE IN THE WORLD ARE TERROISTS? So all the BANKS that will exchange the dinars will be helping terrorists? GIVE ME A BREAK! LOL, that is so WRONG in thought process I don't know where to begin...
Again, So far we have launced the WORLDS LARGEST INVASION IN HISTORY, 200,000+ TROOPS... How many military people have been killed? 1050-1080? While EVERY death is terrible, in light of launching an INVASION BIGGER THAN NORMANDY and ONLY losing 1100 troops in 16 months is pretty impressive, considering we lose that many troops worldwide each year to accidents...
How many AMERICANS DIDED FROM CAR ACCIDENTS in America alone?
Launching the LARGEST INVASION history has ever seen, 16 months of insurgents fighting and we have lost only 1100 troops... How many were from accidents versus direct killing...
Keep in mind we would lose that many in ONE HOUR of fighting on ALL FRONTS in the Pacific, European and North African Theaters durring World War Two...
-Byrd-
FYI The dinar's value as HISTORICALLY been backed by the value of the contries NATIONALLY CONTROLLED OIL PROGRAM...
No oil is flowing so, hence, low value of the Dinar..
Do you think it would be trading at .0006x if the whole country was producing oil? I don't think so...
And either do Pakistan, Iran, Lybia, Kuwait, Saudi Arabia, turkey, Syria, Lebenon and others from buying up BILLIONS AND BILLIONS OF DINARS...
All those countries have been buying DINARS buy the truck load... and if you haven't realizied,
MUCH LIKE STOCKS, CURRENCY is also based on part by Emotions...
Again, why are you posting here if you do not think this is a good investment? lol...
I just don't get people sometimes...
Go find something else, if you think this is 'bad', why keep posting? Pharm, I swear some of these peeps need the med's you sell...
A little Paxil in food or some good ol' MDMA in their water supply would do the trick!
-Byrd-
If the Dinar goes to a penny, you have One Million dollars in currency...
If it goes to two cents, two million...
Well even if you can't afford the $100k,
$1,000.00 gets you 1,000,000 dinars...
If the dinars reaches .01 per dollar (Libya is trading at .07 and that was BEFORE we lifted sanctions) you will have $10k in currency...
Again, look at the prices of currency. NONE IS AS LOW AS THE DINAR? WHY? Because it's the newest currency formed, the instability of the region and Iraq and the little to no flow of oil...
However this will change and if it does go to .01 , you would have 10k in cash...
You could do a lot of good with that money if you really wanted to...
-Byrd-
That actually made me smile...
You best be careful
welcome back, i'll try not to provoke you ...LOL
quote:
Originally posted by glassman:
you say everybody else is doing it why shouldn't i.....this is why the terrorists survive....
and if you really think this is justification, then you are part of the problem too....wiring money to Jordan Syria Lebanon??????
sick.....
[This message has been edited by glassman (edited September 26, 2004).]
Wiring money to the middle east to open a bank account is wrong but buying oil to run your car is OK?
As usual you make no sense.
THANK YOU
That is the end-sum of all of this.
Glassman do you drive? Do you use ANYTHING with Plastic in it? If so you too are supporting terrorism by helping the 'terrorists'.
Do you use a plastic pen at all throughout the day? That is OIL...
And who is the civilian biggest consumer of Oil in America? The AIR LINE INDUSTRY...
Remember here are some facts:
One barrel of Oil contains 42 Gallons of Crude Oil.
Of which, one barrel will net you 19.5 Gallons of Gasoline.
9.2 Gallons of Home heating fuel...
AND A WHOPPING
4.1 GALLONS OF JET FUEL...
(http://www.commodityseasonals.com/crude_oil_futures_3.htm)
So, We know that an average plane flight across the United States can use 30,000 GALLONS OF JET FUEL...
So it will take the importation of roughly 800 Barrells of CRUDE OIL to make the required use of Jet Fuel for ONE SINGLE FLIGHT, USING 30,000 GALLONS OF FUEL...
However, the average car can hold a tank of about 20 gallons... So it takes 800 barrels of Crude Oil for One flight, however those 800 barrels will provide enough Gasoline to power 800 CARS FOR ABOUT A WEEK OR SO...
800 CARS full OF GASOLINE FOR EVERY COMMERCIAL JET FLIGHT...
This is the ONLY reason we are importing 19 MILLION barrels of Crude Oil a day...
-Byrd-
[This message has been edited by JBCak47 (edited September 26, 2004).]
of course i know all this. and quite a bit more.......
why don't you post up at off topics some...
there is a difference between sending US$ out of your own account and buying things you need to survive in this crazy world tho..
it's about choices...why choose to do something like this? there are plenty of other ways to get ahead....
JB claims to be from NYC...you want to block911 JB? or you want more of it?
i would/will choose to buy an electric car if when we get them on the market....
they work i know....
the politicians shut them out AGAIN but that still doesn't make it correct....
AMEP is an american oil co trying to get going why don't you PUMP them instead of adding to the problem ???
the internet and cheaper phone rates are helping alot to cut flights, and will continue.....
there is a lot of research being done right now on transgenic yeasts to improve efficiency of fermentation of agricutlural products that aren't needed i the food supply...these people need MONEY, a lot MORE money they aren't getting it because we don't seem to be investing in them .....
there are a lot of things that need changing that means by everybody, not just the politicians...
[This message has been edited by glassman (edited September 26, 2004).]
seems to be a problem with running printing presses too much all over doesn't there? LOL
Again...
Glassman, you are BUYING an electric car? So I'll take it you still use gasoline, huh?
Again...
I see a chance to make money. The Central bank of Iraq gets American Dollars, I get Cheap dinars... I will hold them, MUCH LIKE A STOCK... and HOPEFULLY, much like a stock, I can exchange them at a later date, for a much higher price then when I got them.
You can pass by the dinars, however whole GOVERNMENTS are buying them, knowing their value is MUCH GREATER THEN .0006 per dinar...
Lol, now you care about my money going into CMKX AND THE DINARS!!! LOL! Man, ohh man...
-Byrd-
F-L-U-S-H
no doubt the way things are going that will change soon too...and it will only happen because people ask for it...
you oughta know better by now....
HOWEVER
You called me 'sick' for investing in the Dinar...
You are free to make fun of me at will, however if you are going to call me 'sick' at least peg it on something real, like my (at times) crude jokes or as the Beautiful
BettingBabe says, truckers mouth...
Don't call me sick for investing in currency... That's all
-Byrd-
People usually do what I say. If not, I shoot them. Fairly simple to understand.
quote:
Originally posted by JBCak47:
Again, why are you posting here if you do not think this is a good investment? lol...
Because I wanted to share my opinion. Why are you so opposed to hearing other peoples' opinions? Why don't you move to Iran where you're not allowed to have your own view? You'll have an easier time buying Dinars there.
-R
Where Men are in charge...
Where guys can have all the wives they want...
But I have to give up bathing regularly and call America 'The Great Satan', EVERYDAY before, durring and after my meals?
And I have to crap in next to a camel?
No thanks... Long Island is a pretty nice place to live.
-John-
just had to test your resolve to avoid the, the, well you know....
[This message has been edited by glassman (edited September 26, 2004).]
Here's more good news:
http://apnews.myway.com/article/20040926/D85BG6SG0.html
TVs in Iraq Tuned to Real-Life Horror
Email this Story
Sep 26, 1:59 PM (ET)
By HAMZA HENDAWI
(AP) Umm Qais, left, cries after one of her grandsons died and four of her sons sustained injuries in an...
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BAGHDAD, Iraq (AP) - In an outdoor food market under the fierce midday sun, a crowd of men and boys were watching video footage of a truck bomber seated behind the steering wheel, smiling and murmuring his last words before crashing into U.S. military vehicles on an overpass.
Elsewhere, the TV set in a coffee shop was offering customers the video of foreign hostages being beheaded.
In a city battered and traumatized by 17 months of violence that seems to grow worse by the day, real-life horror has become the viewing fare of choice, supplanting the explosion of pornography that filled the post-Saddam Hussein vacuum.
Baghdad wakes up each day to explosions, gunfire, ambulance sirens and the clatter of low-lying American helicopters. But the ferocity of this month's violence in the heart of the Iraqi capital is unprecedented - fierce gunbattles, car bombings that claim dozens of lives, brazen kidnappings, assassinations and barrages of mortars and rockets.
It threatens to destroy what's left of peoples' hopes for their country, which ran so high when the hated Saddam was toppled.
The horrifying videos on display or sold for as little as 30 cents apiece are all over Baghdad these days.
"Soon after the regime fell, porno discs were all the rage," said Attallah Zeidan, a co-owner of a second hand bookshop in Baghdad's Old City. "Now it's beheadings."
Before the suicide mission footage, the crowd in the Bab al-Moazam market watched footage of half buried human skeletons and a man using a stick to better display the skulls. The background music was a folk song praising the insurgents fighting the Americans in Fallujah.
"We have seen everything. What else is there?" Imad Qassim Jaweed, 30, said despairingly as he stood in line outside a passport office in the city center, shielding his head from the sun with a sheaf of application papers.
"Rich Iraqis can leave and live abroad, but most of us want a passport just in case," he said.
The Arabic expression "Khalas maleina!" or "enough is enough!" is heard everywhere.
"We are paying a lot of sacrifices. We are suffering a lot in Iraq," Interim Prime Minister Ayad Allawi said Sunday on ABC's "This Week." Still, he gave reporters an upbeat assessment two days later.
"We are winning, defeating terrorists in Iraq. Unfortunately the media have not been covering these significant gains in Iraq," he said.
And Iraqis aren't seeing them.
Concrete blast barriers, barbed wire, sandbags, watch towers and thousands of armed guards make Baghdad look like a city under siege.
Kidnapping for ransom is rampant. Last week a father whose 12-year-old son was kidnapped was told by a male caller to pay $13,000. "This money will be used to buy missiles to attack the Americans. We defend the country while you're asleep," the voice said. The father paid and the boy was freed.
Body searches, alien to this conservative and proud people, are now routine even when visiting a hospital patient.
At U.S. military installations, signs in English and Arabic warn that "use of deadly force is authorized." On the east bank of the Tigris River, across from where U.S. diplomats and Iraq's Cabinet ministers work, a "no swimming" sign denies Iraqis relief from the heat.
Underscoring the hair-trigger atmosphere are the guns constantly pointed at the public by American soldiers in Humvees or Westerners' bodyguards in SUVs as they navigate through the gridlock. This sense - that foreigners rule them and that death may be a heartbeat away - accentuates the average Baghdadi's sense of helplessness.
Still, the city's spirit isn't completely broken.
Ismail Ibrahim's DVD rental store in Sadr City, a Shiite district that is home to about 2 million people, skips the gory videos in favor of Egyptian romantic comedies and action movies from India and Hollywood.
"We are used to being blown up and killed," said Ibrahim, 30. "There is fighting almost every night here and people rent these movies to help take their minds off the misery around them."
Shoppers thronged outdoor food markets less than a mile away from where militiamen and U.S. forces clashed Wednesday.
In the commercial al-Rasheed and al-Motanabi streets in the Old City, people seemed oblivious to the heavy gunfire coming from Haifa street across the Tigris. Street soccer is popular in the afternoons and in the commercial Karadah area hundreds of shoppers hunt for bargains from the mountains of electrical appliances imported mostly from China and South Korea.
At Firdos Square, where Saddam's statue was toppled in April last year, a billboard depicts white doves with fluttering wings.
"Now we can take off to a brighter future," it says.
Start saving your money for THOSE!
I think we will be going into Iran regardless of who get's voted in as President. However I think Bush will stay more committed to Iraq, and if we are holding Dinars, this will certainly help our investments.
-Byrd-
quote:
Originally posted by JBCak47:
Just remember there has been talk of a regiem change in Iran now...Start saving your money for THOSE!
I think we will be going into Iran regardless of who get's voted in as President. However I think Bush will stay more committed to Iraq, and if we are holding Dinars, this will certainly help our investments.
-Byrd-
Byrd, i think you are in the wrong Biz dude...
why don't you try some standup???
LOL
quote:
Originally posted by glassman:
not very good.
funny thing is... i heard the same thing about the google ipo...
quote:
Originally posted by tfct24:
what do you guys think the odds of this thing succeeding are??
Probably not very good. I bought 125k just for the fun a quite awhile ago but don't know the correct price.
Old Curt
go with pips.. i'm getting 2% daily on my lottery ticket of $450.
also the exchange rate is 1-1460
good luck to anyone who owns some dinars.
------------------
-Smithers, why didnt you tell me about this stock market crash in 1929?
-Well it was 30 years before i was born sir.
-Oh thats your excuse for everything.
------------------
The mind is only as good as it is used. Therefore use it and do your homework and study to see which stock is the best buy for the day. To see which is the best for the day, take all the help you can get from just 1, GOD himself. Through JESUS CHRIST I CAN DO ALL THINGS. EVEN WIN AT THE MARKET. TO GOD BE ALL THE GLORY AND 20% OFF ALL PROFITS.
Why would the Euro become the 'official' money of IRAQ?
Also lets not forget, if the FRENCH AND GERMANS AND BELIGUM PEOPLE WERE important, IRAQ WOULD STILL HAVE SADDAM...
Seriously... You are aware that Iraq will never be admitted as a member of the European Union any time soon.
Further more, WHY WOULD THEY PHASE IT OUT in two years when it took S-I-X Months simply to 'phase' it in??
Also, the dinars have more security features in it then AMERICAN dollars. Over 15 if I recall.
Why put so much effort in money that would be phased out in 2-3 years FROM THE INCEPTION DATE?
Also, it doesn't matter if the money is recalled, you can open up electronic accounts in Iraq that will convert it automatically in the event of a recall, which WILL happen, I just don't think it will be 2005, or even 2006.
No one said it isn't risky, however I think your views are a little off. Espically the one concerning that the 'Euro' (trash) will be the only money accepted in Iraq...
www. investorsiraq . com check this site out for more information.
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The mind is only as good as it is used. Therefore use it and do your homework and study to see which stock is the best buy for the day. To see which is the best for the day, take all the help you can get from just 1, GOD himself. Through JESUS CHRIST I CAN DO ALL THINGS. EVEN WIN AT THE MARKET. TO GOD BE ALL THE GLORY AND 20% OFF ALL PROFITS.
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The mind is only as good as it is used. Therefore use it and do your homework and study to see which stock is the best buy for the day. To see which is the best for the day, take all the help you can get from just 1, GOD himself. Through JESUS CHRIST I CAN DO ALL THINGS. EVEN WIN AT THE MARKET. TO GOD BE ALL THE GLORY AND 20% OFF ALL PROFITS.
Marty
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The mind is only as good as it is used. Therefore use it and do your homework and study to see which stock is the best buy for the day. To see which is the best for the day, take all the help you can get from just 1, GOD himself. Through JESUS CHRIST I CAN DO ALL THINGS. EVEN WIN AT THE MARKET. TO GOD BE ALL THE GLORY AND 20% OFF ALL PROFITS.
2 hours, 22 minutes ago
Add to My Yahoo! World - AP
By TAREK AL-ISSAWI, Associated Press Writer
DUBAI, United Arab Emirates - Arab countries made clear Tuesday they are far from ready to commit to a deal to forgive more than $30 billion owed them by Iraq (news - web sites), despite U.S. pressure and a recent debt-relief package by other major countries.
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Slideshow Slideshow: Iraq
The hesitation on the part of Saudi Arabia and Kuwait both strong U.S. allies could have widespread ramifications for the effort to help Iraq get back on its feet economically. A weekend deal by Russia, Japan, Europe and the United States to forgive 80 percent of their portion of Iraq's debt hinges on Arab countries going along.
Both Kuwait Iraq's largest single creditor and Saudi Arabia have said no debt-relief commitments are possible until after Iraq has an elected and internationally recognized government.
Iraq takes the first step in that process in January, when it plans to hold elections for a National Assembly that is to draft a new constitution. If that is ratified, an election to choose a national government will be held in December 2005. It remains unclear at what point in that lengthy process the Arab countries would view a debt-relief deal as possible.
Iraq's interim prime minister, Ayad Allawi, has repeatedly urged Arab nations to commit to debt relief, saying Monday that he "looks forward to Iraq's Arab brothers forgiving their debts from Iraq in the very near future."
On Sunday, the major economic powers of the so-called Paris Club, including the United States, Japan, Russia and European nations, announced they would write off 80 percent or more than $31 billion of the $38.9 billion that Iraq collectively owes them.
But a clause in that agreement gives the group the option to suspend part of its debt reduction if it is not matched by Iraq's other major creditors, led by Saudi Arabia and Kuwait.
Iraq has said its foreign debt is hindering postwar reconstruction, which also is struggling amid the country's persistent insurgency.
Kuwait said Monday it would support "a major reduction" in the $15 billion it is owed but only if a deal was negotiated with an internationally recognized and elected Iraqi government and then approved by the Kuwaiti parliament.
The country's foreign minister, Sheik Mohammed Al Sabah, said Kuwait knew "how important this is, so that Iraq can regain some of its financial abilities," according to the official Kuwait News Agency.
Kuwait's refusal to forgive the Iraqi loans was one issue Saddam Hussein (news - web sites) used as justification for invading Kuwait in 1990.
Saudi Arabia, which is owed $9 billion, also has not changed its position.
In January, the country told former Secretary of State James A. Baker III during a debt-relief lobbying trip that it was willing to forgive some Iraqi debt but only after Iraqi elections are held.
Saudi Arabia also made participation by Saudi companies in Iraq's reconstruction a condition of any debt relief.
Iraq owes an additional $19 billion to private Saudi companies and banks, which would not be included in any deal between the two governments.
Iraq owes Qatar $4 billion and the United Arab Emirates $3.8 billion. Both countries have adopted stances similar to Kuwait and Saudi Arabia.
Unlike the Persian Gulf states, the much-smaller and poorer Jordan is unlikely to write off Iraq's debt, a Jordanian government official said Tuesday on condition of anonymity.
Jordan might allow Iraq to repay the debt in small installments with a long grace period, or exchange the debt for Iraqi investments in Jordan or vice versa. Jordan has a much smaller economy compared to its gulf neighbors, with few natural resources.
Iraq despite its recent violence is considered one of the region's largest untapped markets, and infrastructure and reconstruction contracts are expected to be worth tens of billions of dollars.
Iraq's debt carries annual servicing charges of $7 billion to $8 billion.
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Associated Press writers Diana Elias in Kuwait and Jamal Halaby in Jordan contributed to this report.
http://www.yahoo.com/_ylh=X3oDMTEwdnZjMjFhBF9TAzI3MTYxNDkEdGVzdAMwBHRtcGwDaW5kZXgtY3Nz/s/221505
There already is a vote of no confidence on Mr. Anan.. (spelling)...
Just like the first us citizen were terrorists when the british tried to invade and take over american colonies...
Funny how similar events are spun in different directions based on race.
Oh yea, even France has changed their minds: http://story.news.yahoo.com/news?tmpl=story&cid=574&ncid=574&e=13&u=/nm/2 0041123/wl_nm/iraq_france_dc
and, it would be appropriate to add this as well, for an opposing opinion: http://news.yahoo.com/news?tmpl=story&u=/ap/20041123/ap_on_go_su_co/scotus_guantan amo_trials
This really needs to be added as well: http://story.news.yahoo.com/news?tmpl=story&cid=1514&e=4&u=/afp/20041123/wl_mideast_afp/iraq_media_qaeda
Marty
[This message has been edited by Marty (edited November 23, 2004).]
You sir are a grade A moron.
gobble gobble!!!!
Marty
quote:
Originally posted by ohsnap:
Yes he is dumbass.. Osama wants all western nations OUT of the middle east and for the US to quit supporting Israel. no such luck so towers go bye bye!
i wish more people knew this truth about osamas hatred towards the united states (and israel).. but unfortunatly most dont and its too bad because any day now another terrorist attack will occur. The reasoning is in his speaches, people should learn to listen, especially the people in charge of dropping bombs.
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-Smithers, why didnt you tell me about this stock market crash in 1929?
-Well it was 30 years before i was born sir.
-Oh thats your excuse for everything.
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