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Author Topic: The New Iraqi Dinar
duke4734
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all the auctions i see are for below 1000 dinar??? was the auction you won the only one for some serious dinar cuz alll these other ones aren't even worth it
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duke4734
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all the auctions i see are for below 1000 dinar??? was the auction you won the only one for some serious dinar cuz alll these other ones aren't even worth it
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glassman
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you know, i've been reading threads in the micro's for a loooonng time and this one is by far the most LUDICROUS!
there might be a good SECURITY reason that Iraqui Dinars aren't being LEGALLY auctioned off in an international exchange yet....
DO YOU KNOW WHO YOU ARE DOING BUSINESS WITH???????????????
seems to me you might just be SUPPORTING insurgents......
why don't you just trade them for 7.62X39 FMJ

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bauer
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search on ebay.
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tic_toc
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Glassman you have a very good point. Dinars are worthless, dollars aren't. You pump a steady flow of dollars into the Middle East in exchange for dinars, then I guess a healthy percentage of those dollars will end up funding terrorist activity. The very activity that you are banking on being wiped out so that the price of dinars will rise.

[This message has been edited by tic_toc (edited July 31, 2004).]


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glassman
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hey, i want to succeed in Iraq---ALOT--
we have invested too many lives to back out.....

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.....


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Poot Poot
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Looks like the Dinars have made it to Prizewise.
http://www.prizewise.com/productDetails.asp?c=23&s=0&sc=0&id=10457

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Acherontia styx
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If a certain stock or two would hit, I would buy a million or two dinars myself, but until then, I'm just going to keep reading up on the subject. And speaking of which, I came across this site where they've been discussing dinars since late January. 28 pages of reading. I thought some of their experiences and insights might be helpful or interesting. So...
http://www.fatwallet.com/forums/messageview.php?catid=52&threadid=270766

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Maelien
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I bought 125000 dinars from Ebay and received them today. They look fine and sure look new. I'm very pleased. I wouldn't have any idea if this was a good purchase or not that's why I only bought so few. Definitely cheaper on Ebay. If nothing else I'll give them to my grandkids.
Old Curt

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duke4734
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yea i got mine today finally. i am very happy with the serivce. i called them several times and they where more than helpful. by the way i used buydinar.com. i fully researched them and i am happy i did
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pharmdman
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i just felt that this one needed a bump...

Has ANYONE had any luck dealing directly with a mid-east bank?


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pharmdman
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today's exchange rate:

1 USD = 1,463.70 IQD

Anyone else have good luck with an exchange? JB, have you grabbed yours yet?!


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microstock
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Are the ebay sellers too expensive for Iraq Dinars? Where did you get this rate? Which is the best place to buy?
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glassman
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it don't bother you that YOUR money might be finacing RPG's used against our TROOPS????
how low can you sink??????????

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microstock
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Any thoughts if the upcoming elections in US/Iraq will have any impact on IQD?

Thanks,

Microstock.


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is300
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http://www.investorsiraq.com/


Found that off fat-wallet

Hrmmmm: http://search.ebay.com/dinar-new_W0QQcoactionZcompareQQcoentrypageZsearchQQcopagenumZ1QQfromZR10QQsbrsrtZlQQsosortorderZ2QQsosortpropertyZ3QQsotrZ2

[This message has been edited by is300 (edited September 19, 2004).]


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is300
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FAQ on trading Dinars: http://www.investorsiraq.com/showthread.php?t=855

[This message has been edited by is300 (edited September 19, 2004).]


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trgfunds
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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?
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is300
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Yes but unless you know someone living in Iraq that can buy/ship it to you I don't think you have any other options. My questions is when is this thing going to be tradeable on the forex market Oct? next summer? 2006? 2010?
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is300
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The new currency is at a relative historic low while it takes hold and the region is stabilized making NOW the best time to get in on these never before offered prices.

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?


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is300
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Why Buy the New Iraqi Dinar
The United States and the world are committed to a New Iraq.

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 it’s 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).]


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is300
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Is this a good investment?
We are a fulfillment company meeting a demand - we are not investment counslors & will never give investment advice.

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.


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glassman
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yeah, and the iraqi insurgents need $ to buy ammo...
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is300
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Citizens/Gov't control the money not the insurgents


Here's your Darwin award


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is300
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Currently 1 dinar = 0.0006825938566552901 of dollar

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.


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glassman
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if the citizens govt controls it then how is it that you have some here for sale when its not offered for sale on a legal market???
i suggest you take take you're Darwin award back to your taliban buddies.......

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).]


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is300
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Exchange rates
Smuggling, hoarding send dinar on rollercoaster
By Ali B. Al-Shouk - 19-Jan-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 Saddam’s 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. That’s because it’s 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 1980’s high of $3.3 for per dinar. ”They are waiting till their ID1.5 million becomes $5 million. It’s 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 it’s currency, they insist. Sabah Noori, manager at the Minister of Finance’s 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 dinar’s value. People trust the new currency as it can’t 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. ”It’s now a trustworthy currency, but the rise in value is not justified because it’s 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.”


http://216.239.39.104/search?q=cache:bZn0UmnGVQ8J:www.iraq-today.com/article.php%3Fid%3D1109+iraqi+dinar+economists&hl=en

You can keep the award and go back to your dayjob of bashing CMKX


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glassman
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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).]


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is300
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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 world’s 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?!?!?!?


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glassman
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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....


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is300
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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


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glassman
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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....



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is300
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quote:
Originally posted by glassman:


LOL QUICK EDIT YOU POST BEFORE WE SEE YOUR GOOF AGAIN!!!

Darwin award 4 Granted!!! hahahaha


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glassman
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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
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is300
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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!!!


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