More on the New Iraqi Dinar

By Kevin

THIS POST IS CLOSED TO NEW COMMENTS. A new post has been created: Here's a link to the current active post.

Here are all the posts in sequence:

1) June 16, 2004 - June 27, 2004
2) June 27, 2004 - November 6, 2004
3) November 6, 2004 - April 11, 2005
4) April 11, 2005 - June 22, 2005
5) June 22, 2005 - July 22, 2005
6) July 22, 2005 - April 30, 2006
7) April 30, 2006 - July 13, 2006

8) July 13, 2006 - ...


If you guys & gals encounter any problems, email me at kevin-at-truckandbarter.com. Your previous email has been very helpful in the administration of this site.

Thanks for your patronage.

We continue our analysis by noting the spectacular losses that some speculators have accrued as the dinar has gradually been losing its position against the dollar:

Speculators who stashed away "Bremer dinars" earlier this year in the hope their value would skyrocket are suffering enormous losses as the official Iraqi currency plummets. Hit particularly hard are a high number of Egyptians, who had earlier raced to pick up the currency.

"Many people sold anything they could to buy Iraqi dinars," Mohammed al-Abyad, chairman of the Egyptian Foreign Exchange Association told IPS. "When the dinar went down these people lost a lot of money."

The Iraqi dinar was trading at one Egyptian pound (16 cents) per 50 dinars on the black market before its value dropped sharply earlier this year on news of escalating insurgency in Iraq. The pound is now worth 210 dinars on the black market.

"The black market has narrowed and the currency has no liquidity now," said Shady Sharaf, head of market research at Cairo-based al-Shorouk Brokerage. "The people cannot sell the dinars they bought, which presses on demand."

I highly suggest reading the rest of the article.

In January, Radio Free Europe noted that "Egyptian media reported last week that one in 10 passengers inspected upon entry from Jordan, Kuwait, and the Gulf States were found to be carrying Iraqi dinars."

I have yet to be convinced that the dinar will increase greatly in value, and do not own any dinar myself.

-- June 24, 2004 12:50 PM |

Comments

Russell wrote:

Why not take the chance? The only thing you have to think of, is how much can you afford to "gamble". Myself, I have been to Las Vegas, and lost over $1,000 in two days. No big deal, I knew I could afford to lose it, oh well, it was fun trying.
This dinar is the same thing, in the fact that what if. I would hate to be sitting in my living room, watching the news five years down the road, and see that Iraq has been stable for a couple of years, producing unbelievable amounts of oil, and the dinar is worth 2 dollars for one dinar. Now that million dinar i COULD have bought could have made me a millionair.
The thing is, even if it stays the same as it is now, I am not losing any money, and have just made a possible long term investment. Hey, I will be laughing all the way to the porsche dealership!

-- June 27, 2004 6:39 AM ∞

Brian wrote:

I completely agree with Russell. It is a long term investment. I have a Brother working for KBR in Kuwait, and we both purchased 2.5 million Dinars. Even if the currency goes to .02 cents for each Dinar, I am set to make about $50,000. If anyone checks currency rates, the Afghani is currently worth .023 cents per Afghani. I personally thing Iraq has more going for them then Afghanistan.

-- June 30, 2004 12:16 PM ∞

sojean wrote:

I'd just discovered that I could purchase Iraqi dinars as a long term investment. So I purchased 125K dinars. Now I wait and see.

It has a great potential now that Iraq is under a new government and is still protected by the US and soon Nato. Reconstruction has begun.

Iraq has a good future and so is the new dinars.

-- July 1, 2004 12:55 AM ∞

casey wrote:

I will be leaving Iraq in a few weeks with 2.5 million dinar. What can I expect from customs in Kuwait and Germany?

-- July 3, 2004 1:37 AM ∞

anthony wrote:

i to have bought 1 million dinar when i was over there for kbr and i bought it for 1/10 th of a us penny can you really say im going to take a loss.lets be realistic.i cant wait to be a millionaire

-- July 3, 2004 2:13 AM ∞

Joel Klee wrote:

Hello, My name is Joel Klee and I am stationed in Iraq. I am in a Navy unit working with KBR and it wasn't until recently that I decided to buy my Dinar. I have purchased almost 2 million dinar. Read this same post two years from now and see if I made a wise choice. My gut instinct tells me I did. I paid out a total of $1500 dollars, far less than one paycheck here. Now if I only make a fraction of that in profit I will have made a solid investment. There is one very important thing to remember about this country, actually two... There is now an established government and there is a ton of oil that other countries will need. If you bought iraqi dinar an you too become a millionaire, look me up and we can talk about becoming very rich.

-- July 3, 2004 11:20 AM ∞

ASHRAF wrote:

HI

I AM ASHRAF FROM PAKISTAN AND I HAVE IRAQI DINAR BUT I WANT YOUR COMMENTS, WHAT IS A FUTURE IRAQI DINAR RATE AND RECENTLY NEW GOVERNMENT WHAT IS POLICY IRAQI DINAR AND RATE.

YOUR EARLY RESPONSE I WAITING

ASHRAF ALI MUHAMMED

-- July 3, 2004 1:34 PM ∞

Mark wrote:

Anthony, you can get through both airports without any problems. I have taken 11 mil through there. Yes this is a wise decision to buy Dinar. Hang in there.

-- July 4, 2004 9:54 AM ∞

dt wrote:

I have a very good question here:

When is the "New Iraqi Dinar is to be traded on the new current exchange in the United States?

-- July 4, 2004 10:53 AM ∞

Kim wrote:

I'm far from Iraq living in Europe but I'm interested in buying iraqi dinars. Is anybody willing to deal with me overseas ? I'm prepared to offer euros or us dollars, by money order.

-- July 5, 2004 4:02 PM ∞

Antiarab wrote:

Face it guys, In the US, If president Bush does NOT get re elected, the iraqi's new government will fall apart and you can forget about the iraqi dinar!!!

-- July 5, 2004 6:54 PM ∞

careyp wrote:

I will bet on freedom every time. Consider the condition of the former Soviet Union in the aftermath of the fall. Now, the Russian economy is growing similar to the strongest in the world. Kevin, I appreciate your opinion and obvious area of expertise. However your opinion is nothing more than an educated guess. Just like mine.

-- July 5, 2004 11:44 PM ∞

ry wrote:

to yall who already bought the dinar from iraq, good job! Thanks guy workin for KBR the food that got to kirkuk was great! The dinar trades online at 550 to 1!! We bought ours at 1450-1475 to 1!! Weve almost tripled just by coming home!!

-- July 6, 2004 12:02 AM ∞

Chris wrote:

While working in Afhganistan for a major contractor, my partners and I have agreed to buy the Dinar. Yes it is speculative. But as mentioned in some comments, people should only buy if they can afford the risk. For short term investments, you are better off with penny stocks, but possibly with a long term outlook, the return would be tremendous. There will be stability within Iraq, the question should be is, how stable will the oil flow be to support the economic infrastructure. The answer, do you really think the U.S. and coalition would let Iraq collapse to insurgents..

-- July 6, 2004 12:24 PM ∞

Rafik wrote:

If president Bush doesn't get re elected and a democrat gets into power in the US, The U.S. will let Iraq collapse. You will soon see my friends.... For the Dinar's sake, just hope that Bush wins!!

-- July 6, 2004 6:52 PM ∞

M&M wrote:

JOIN US ON THE OTHER THREAD,, LOT's MORE INFO

http://truckandbarter.com/mt/archives/000098.html

-- July 6, 2004 9:29 PM ∞

David wrote:

I am in Iraq currently with KBR. I have gotten just a little over a million in Dinar thus far. I plan on getting 2million. Not everyone realizes what Iraq has to offer other than just oil. Iraq has gold, silver, platnum and Coal. There are a lot of things to support the value of the dinar. Iraq is also debpt free! All the countries Iraq owed money to, that debpt has been forgiven. It may take some time for the dinar to reach it's peak but you can bet it will get there. We have all made a wise choice! As for if the Demo's get in office, they will not let this country fall. That will be a sure fire way to breed more terrorist groups and no administration is going to let that happen on there watch.

-- July 8, 2004 5:36 AM ∞

wisski wrote:

David, Iraq also has the 11th largest natural gas deposit in the world and the largest source of fresh water in the entire region. Bagdad stock exchange is open for business (ISX) and it seems like pepsico is going to buy Baghdad soda. As far as debt goes its the French that we are waiting on and Russia probably will not waive any debt so will see I hope my boat comes in with the Iraqi dinars I purchased here in Kuwait.

-- July 9, 2004 5:24 AM ∞

wisski wrote:

David, I forgot Iraq has volumes of dates and figs as well.

-- July 9, 2004 5:26 AM ∞

alex wrote:

I have recently come back from Iraq working out there for a logistics company. I was sceptical about the immediate boom in the iraqi dinar, as inflation would simply cripple the economy. However I did by 2.5 million simply to put away for my 40th ( 12 years from now ) if I make money fantastic if not it was one hell of an experience working out there..... Sitting back and waiting is the best option, iraqi's are hard workers and its going to take time, but as I said I am no rush.... but you've got to live the dream.

-- July 9, 2004 6:35 AM ∞

C. Champion wrote:

Those of you who believe the Dinar is a bad investment because of the uncertainty of the countries future, think back to what the Dinar rate was before the 1st gulf war. Even with a SOB like Sadam ruling the Dinar was valued at three times that of U.S. currency. I have my 2.5 million and wished I had more. Good luck to all those who dare.

-- July 10, 2004 12:36 AM ∞

Casey wrote:

I have been working "Law and Order: here in Iraq for the State Department and I need to say that this country is going to make it. I've never seen such hard working people. During my travels through the streets of Basra, and some of the provinces in the south part of the country, everywhere people are cleaning-up and rebuilding. These people have the attitude that will make things work. These people are unified and determined. NOTE: I do not gamble but during the last 6 months, I have watched things starting to happen and it is good. I have purchased 2.5 million dinar and I have a gut feeling (a cop thing) it is a solid investment. Investors will not be sorry!

-- July 10, 2004 6:41 AM ∞

DBP wrote:

Hey Mr. Anti-Arab,
Have you ever thought about even if Bush is not re-elected then Iraq is not gonna fall apart,we are talking natural resources, name me countries that supplies oil, etc., huh!

-- July 10, 2004 2:48 PM ∞

hi wrote:

yes there is very good chance iraqi dinar will go up and up in future.

-- July 11, 2004 9:33 AM ∞

Debra wrote:

I have purchased over 2 million in iraqi dinar. the only way for it to go is up. I believe it will happen in the near furture.
For all of those who invested....thumbs up to you. God Bless all you over there putting your life on the lines to make this a better place.

-- July 13, 2004 9:15 AM ∞

EW wrote:

casey - In reference to your post about customs, I am thinking about the same thing here in Bahrain. I plan on doing three things. Fedexing part of it, opening an NBK or HSBC bank account, placing some of it in my check-in luggage in an inconspicuous manner and possibly doing the same for carry-on. I am not sure what postal options you have with base facilities, however, I would just try to split it up somehow. I have heard via another post on another site where Kuwaiti customs took a large sum of Iraqi Dinar and gave the guy $38000 in return. The guy made out in the short term, however, in the long term he may have gotten the short end of the stick. Do you know anyone that you can MPS it to so they can Fedex it back for you? (Not sure how legal that is either, but an option none the less and I wouldn't just send that alone.) Wish I could help more.

-- July 13, 2004 9:33 AM ∞

Brian wrote:

All very interesting points. Here is what I have figured out: For those worried about taxes, any gains made when converting IQD to USD will be taxed at the current capitol gains rate, either short term or long term, and thanks to G.W. the long term rate will drop over time. I think it is currently about 15% for long term gains(over 5 years). XE.com has the current exchange rate updated daily, and the federal site has a listed exchange rate that they pay when governments exchange money. What I would recomend for those interested in dinar instead of speculation about the daily rate, research economic factors...availabilty of raw materials, national debt, policys of the central bank ect. discount the power vacuum that has drawn the insurgents in and, then decide if you would like to invest in the sucess of the people of Iraq.

-- July 13, 2004 11:45 PM ∞

Casey wrote:

EW,
I will be leaving in a few days..from what I understand, traveling with less than $10,000 USD or eqivalent is O.K.. I've spoke to a few people and they say they went through customs without any problems, but the money has to be declared when entering the U.S.

To be on the safge side, I will split it up. Thanx for the info..

-- July 14, 2004 2:23 AM ∞

Tony wrote:

I definetly think that the Iraqi Dinar will go up in the next five years. I have just bought me a million Dinars and I feel really good about my investment. Even if its only going to go up by a fraction I will be making good money. So in the mean time I am going to sit back and watch it grow.

-- July 14, 2004 9:43 AM ∞

stephen wrote:

From what I have read the important meeting to (hopefully) wipe clean Iraq's debt will be late October in Tokyo. Expect nothing in the way of appreciation in the NID until at least then in my opinion.

-- July 14, 2004 10:19 AM ∞

kbrad wrote:

To everyone thinking they will be rich overnight by amassing vast amounts of Dinar, stop now. I currently live in Iraq and it is an unstable situation at best. The Turks, Kurds, and Arabs must first get along and then rebuild the country together. There are many sins to forgive that many simply cannot. If you are a short term investor, put it somewhere else, Dinar is not for you. However, if you can stand to put some back and wait for years, possibly decades, then consider the ramifications. Before the first gulf war, the Dinar traded at USD 3.50 for 1 Dinar. Before the invasion in 2003, the Dinar still traded at .33 cents even with crippling economic sanctions in place. The Dinar now is worth roughly .0007 cents. Iraq has a long way to go before any return on an investment should be considered. Buy a few million, put it in a safety deposit box, and forget about it. In 5 or 10 years when the average Iraqi is riding around in their new Toyota or buying $4 latte's from Starbucks, wait longer. When tourists are flocking to see the cradle of civilization, opened for the first time in modern history to the average person, wait longer still. When you watch a special on T.V. about how Iraq with all of it's resources has flourished under an Islamic democracy, think about trading your Dinar in. In the time being, no U.S. bank will accept Dinar. There is no method to transport the currency back to Iraq. Air, rail, even postal service do not exist in Iraq. Banking, industry, and trade must come back on line before the Dinar can rise in value. When it does, it will do so slowly since the central bank will have a difficult time honoring the 4.5 trillion dinar cashed in by impatient investors. What might be the consequences however if you bought Dinar and held on to it? If you were to buy a million dinar at the current exchange rates on the ground in Iraq at 1400 to 1 USD, you will spend roughly $715 USD. If the Dinar were to raise in value to 1/10th of a penny, you would make $315. If it became worth 1 penny, you would make over $9,000 USD. If it went to pre-war levels of $3.50 USD, consider yourself very wealthy indeed with a nest egg of over $3 million USD. Make no mistake, this is an investment where you could lose all or part of what you put in. Invest what you can afford to lose and use Dinar as a portion of your overall portfolio of stocks, bonds, 401K's, etc. I personally will take a small gamble and bet on Iraq's long term future. Many will not invest in a "pipe dream" that sounds almost too good to be true. Those same people will laugh and say they were right and I have egg on my face if the Dinar never raises in value. To those people, I say you may be right. However if they are wrong, I will take the egg on my face poached and served to me by my butler with a bottle of 1959 Dom Perignon. Investing is always a gamble, sitting on the sidelines doing nothing is an even bigger one.

-- July 14, 2004 5:53 PM ∞

Velvet Revolver wrote:

We should all give ourselves a pat on the back for destroying the bandwith of the first forum unintentionally by packing it with so much info.

-- July 14, 2004 9:43 PM ∞

Blake wrote:

Kevin Brancato,
Hey man, no problem. We all understand why you had to close the other page. The huge response and continued discussion has exceeeded everyone's expectations.

What I will suggest to everyone who has been on the original page for some time is to remember Kevin if our investment pans out like we thinkk eventually will. Remember when counting the money we make that he graciously provided the forum that allowed us all to share the information and become more informed collectively their our cooperative efforts.

Despite the probable migration over to an actual message board that is being created as I speak, I know I won't forget Kevin and I'll be sure to send him a token of my appreciation if my dreams come true with this small investment.

So, let's keep the discussion going on this 2nd page for now, and hopefully we'll have the new message board up and running within a week to give Kevin's wallet a breather. But always remember where it all started. My Premature Thanks to Kevin....

-- July 14, 2004 9:52 PM ∞

Blake wrote:

sorry for the bad grammar above. I typed it quickly ;)

-- July 14, 2004 9:53 PM ∞

seattle wrote:

test

-- July 14, 2004 9:56 PM ∞

seattle wrote:

hey it works

-- July 14, 2004 9:57 PM ∞

seattle wrote:

hello fellow million dinar "ers" 10 million here,I am a ex kbr employee just back from Iraq am if i can answer any????? fire away.......P.S. jacki2000 rules

-- July 14, 2004 10:00 PM ∞

al wrote:

M&M,and Tony are you here.

-- July 14, 2004 10:18 PM ∞

Kevin Brancato wrote:

Blake,

The traffic you all have brought to my site is payment enough.

Your speculative winnings--or losses--are your own.

Keep me updated about the progress of the new bulletin board, and I'll direct my Iraqi Dinar traffic back to it.

-- July 14, 2004 10:24 PM ∞

Kevin wrote:

kbrad,

You speak as if you know all about everything, and with absolute certainty regarding what you commented on. First off, the US banks will honor Iraq dinar exchange in the near future. That is a fact. There has been a presential order allowing US citizens to invest in Iraqi stocks, real estate, currency etc...It will take more time coordinating w/ the international community to remove Iraqi currency from the restricted currency list here in the US caused by past sanctions. As I write this, many foreign investors continue to pour millions into the Iraqi stock market and investments in this country. Secondly, the Iraqi people will not & cannot tolerate a currency worth dog (*&%$#$@!) much longer. Just these 2 factors ALONE (not including the vast wealth in Iraqi resources & US/world financial backing)will create favorable economic conditions more in the short term, rather than your prognastication reaching into the year 2015. All the Iraqi people still holding their dinars that were valued at .33 US cents before this war MUST have it return to or close to this, as to create maximum incentive for Iraqi's to beleive in their new gov't & incentive to have any desire to defend their new found freedom. Anything else would breed an inevitable revolution, and the total collapse of this country. Believe me when I say, the political movers & shakers understand this COMPLETELY.

-- July 14, 2004 10:27 PM ∞

Kevin wrote:

In addition, If John Kerry was somehow elected (as much as I dread this), he would be commenting political suicide & his political career would be severely effected if he does try to quickly pull our troops out of Iraq, after several US soilders went their for this cause and after several lost their lives. Kerry would then be explaining to the numerous family members losing a son or daughter why they lost their lives for nothing, instead of continuing what they went there for. If Kerry is not thinking about this already, I'm sure he will be briefed countless times IF he beats Bush.

-- July 14, 2004 10:43 PM ∞

CAP wrote:

I think M&M went yacht shopping Blake......

-- July 14, 2004 10:45 PM ∞

m&m wrote:

What the ?!?!?!?

-- July 14, 2004 10:49 PM ∞

M&M wrote:

All that data !?!? This stinks. Kevin said we could post as long as we wanted to, poo!
That's was two months of research....

-- July 14, 2004 10:51 PM ∞

Blake wrote:

M&M,
The research is saved. Don't sweat it. go check the original page again. It's saved on a html page.

-- July 14, 2004 10:52 PM ∞

CAP wrote:

M&M, it is still there. Go back to the top of the old page and click on the HTML link.

-- July 14, 2004 10:52 PM ∞

m&m wrote:

Hope everyone finds their way ok. That little "more" wasn't much of a roadsign. I guess it was eventual after passing that 650 comment mark, oh well...

-- July 14, 2004 10:53 PM ∞

m&m wrote:

Whew... I'll take your word for it. Tony should be on around 11 tonight.

-- July 14, 2004 10:56 PM ∞

m&m wrote:

I last left off dreaming about a tropical island named Dinartopia... yachts, drinks with little paper umbrellas, and pearl divers...

Pearl Divers!?!

-- July 14, 2004 10:58 PM ∞

m&m wrote:

Any late breaking news since dinner?

-- July 14, 2004 10:58 PM ∞

M&M wrote:

I pulled the data from the IXS and laid it on a spreadsheet to play with. Looking for trends and big performers. I'm gonna try to track them and post whatever data comes out of it.
We also have to place a late call to Iraq to see how we can get involved with the ISX. Part of the problem I've been having is language...

-- July 14, 2004 11:02 PM ∞

Heather wrote:

I have to say I was a little thrown off on the switch to this continuation..but then again I had it saved to my fav.
This is such a great Forum.Thanks for the wealth of knowledge everone has contributed to it..It's funny even the people who speek negatively about the dinnar seem to have some sort of small investment in it (lol)

-- July 14, 2004 11:09 PM ∞

CAP wrote:

Iraq reconstruction projects pick up

www.myrtlebeachonline.com/mld/myrtlebeachonline/news/nation/9149082.htm

We are definately seeing a trend toward stories reporting Iraqi progress.

-- July 14, 2004 11:22 PM ∞

m&m wrote:

Heather == check this out !

http://www.goin2travel.com/islands.htm

-- July 14, 2004 11:23 PM ∞

M&M wrote:

Nice commentary by Blake -- Your right, hats off to Kevin for starting the blog and hosting us all for so long ! We may not have found each other without him :)

-- July 14, 2004 11:26 PM ∞

Kevin Brancato wrote:

Again, sorry for the change of venue, but each page load of ~1500 comments was hitting me for about 1MB of bandwidth, with about 1000 hits a day! If I didn't do anything the entire blog would have been shut down in less than 5 days!

I'll make sure to have ample bandwidth to handle the traffic, but at the current rate of commenting, I'll have to post a new forum every week!

-- July 14, 2004 11:28 PM ∞

m&m wrote:

Thanks Cap -- Nice to see things are picking up in the re-construction. I was awed by how much fire power they need just to show up to work. That's a really tough job all those folks at KBR are doing. They deserve every penny...

-- July 14, 2004 11:30 PM ∞

CAP wrote:

www.gulf-daily-news.com/Story.asp?Article=86448&Sn=BUSI&IssueID=27113

Trade tips for Iraqi bankers

Let the modernization begin!

-- July 14, 2004 11:31 PM ∞

Blake wrote:

A little editorial comment from a newspaper in California....very funny

http://www.venturacountystar.com/vcs/business/article/0,1375,VCS_128_3034960,00.html

I do like, however, how he readily admits the fact that people have made hundreads of millions of dollars on betting currency will go up or down. Man, is he going to be kicking himself for not taking a $500 flyer on the Iraqi Dinar!

-- July 14, 2004 11:32 PM ∞

m&m wrote:

Thanks Kevin!

We are just busy as bees...

-- July 14, 2004 11:32 PM ∞

BK wrote:

agreed!!! I really have appreciated all the ideas/information/ and fellow dreams that will hopefully come true for us all

-- July 14, 2004 11:33 PM ∞

m&m wrote:

I don't want to register :(
Blake, be a dear, and please paste the article for us :)

-- July 14, 2004 11:36 PM ∞

Heather wrote:

m&m ,

Where that sounds great to own a little slice of heven (island of our own) I don't think our investment of 2 million dinar is gonna get us there..but it is beautiful.

-- July 14, 2004 11:41 PM ∞

Blake wrote:

It seems to be just a little weekly "Dear Abby" of sorts for Finance Questions.

VENUTRA COUNTY STAR EDITORIAL
Dinars and all currency a risk
By Bruce Williams
July 14, 2004

Dear Bruce: You previously had an article in your column about the Iraqi dinars with the soldiers/civilians buying them. As soon as I threw the paper away, my spouse called from Iraq and told me he was buying some. My man wants to get on the bandwagon because everyone is doing this. Are these dinars going to be the huge hit everyone thinks? What is the downfall on this? Will they only be good for wallpaper? I told my husband I would send him your response. -- C.S., via e-mail

Dear C.S.: Speculation in foreign currencies is a treacherous road. Some have made hundreds of millions of dollars betting that a currency would go up or down. The problem with the Iraqi dinars is that many have been sold and resold to "investors" with huge markups. The chances of those people ever making a profit are very modest. Like many investment areas, currency speculation is fraught with problems, but there are substantial monies to be made. Would I speculate in Iraqi dinar given the instability in that country? Not on your life. A bet on a currency is a bet on the government of the country. Enough said?
END OF EDITORIAL ARTICLE

-- July 14, 2004 11:44 PM ∞

CAP wrote:

www.khaleejtimes.com/Displayarticle.asp?section=business&xfile=data/business/2004/june/business_june328.xml

Iraq prepares to issue first postwar debt

This is old news in a different format. But a couple of sentences stood out to me.

1.)The exchange rate fell from around 10 dinars to the dollar in 1991 to 3,500 just before Baghdad fell to US forces last year

2.)Iraqi officials were wise to resist the "shock therapy" approach to the Iraqi economy pushed for by some in the US-led administration, he added.

I had not read the U.S. was recommending a fixed rate over a float. And 10 dinar to the dollar? Where the heck did that come from? What happened to $3.20 to the dinar?

-- July 14, 2004 11:53 PM ∞

BK wrote:

I disagree with his reply. I would (and have) invest just for the reasons he stated. IT IS UNSTABLE. and that is the reason we are able to get in for so cheap. If you simply analyse risk and reward... this is a no-brainer.

For example:
Risk $1000 to buy approx. 1 million IQD
If it goes to a modest rate of being worth $0.25, you cash in with $250,000 for only a $1000 investment.

That is like buying in on Microsoft or IBM as an IPO.

-- July 14, 2004 11:53 PM ∞

BK wrote:

If the US does get what they want in a fixed rate, what will it be? and what will be the outcome of those of us who have invested in the dinar?

-- July 14, 2004 11:56 PM ∞

Blake wrote:

BK,
I think we all disagree with his reply. ;)

-- July 14, 2004 11:57 PM ∞

CAP wrote:

Thanks for that post Blake. A slightly weak argument from Brucey if you ask me. I think 75% of those on this blog with dinar could present a more educated defense if we were to try.

Good night all. Early day Thursday.

-- July 14, 2004 11:58 PM ∞

m&m wrote:

Ouch !
Maybe he's talking about the prices at Day Star Trading -- 555 usd to the dollar.

-- July 15, 2004 12:04 AM ∞

m&m wrote:

Very funny political cartoon animation

http://jibjab.com/thisland.html

-- July 15, 2004 12:06 AM ∞

EW wrote:

Casey or anyone - What value in U.S. dollars can you bring back before you have to declare it? And...You can still bring it in after declaring it right???

-- July 15, 2004 12:16 AM ∞

al wrote:

I think in time we all will be rich. Iraq will be known as a country that said no to dictaters and
terrerists. Iraq will a model for the troubled Mid-East.

-- July 15, 2004 12:17 AM ∞

al wrote:

EW the amount is $10,000 US.

-- July 15, 2004 12:20 AM ∞

chad wrote:

Stacey I know who you are, and I know where you work. So don't try to BS me, and yes KBR is paying you to chat.

-- July 15, 2004 12:20 AM ∞

Ha wrote:

I have a question.
Has anyone looked at National Bank of Kuwait's Exchange rates?
(http://www.nbk.com/NBK/TopBar/Rates/rates.htm)
The 'selling' column says .0002370.
Now since the dinar is selling at auction right now, and if i assume this is an auction price then, the 25k is selling at auction for???? Or am I missing something? Can anyone explain this to me?

-- July 15, 2004 12:20 AM ∞

tony wrote:

i was wondering what the hell happened to our forum lol

-- July 15, 2004 12:31 AM ∞

tony wrote:

damn most wana put there kids thru college and pay off there house,yall crazy mofus wana buy islands and air strips..lol

-- July 15, 2004 12:32 AM ∞

tony wrote:

HA,the iraqi dinar on there site is going for 1239 not .00002370

-- July 15, 2004 12:33 AM ∞

EW wrote:

Kevin Brancato - Thank you for giving us the opportunity to save the previous archived file. Lots of good info. Would have hated to lose it. THANKS!!!

-- July 15, 2004 12:39 AM ∞

Ha wrote:

I know that Tony:}
But can you tell me what the other columns are for?

-- July 15, 2004 12:44 AM ∞

jules wrote:

kbrad,
i'm with you on the poached egg!!
M&M
thanks for picking up the island idea, as i read over and over in the comments--anything's possible!
heather,
shoot for the stars, 2mill dinar may do well
amer is great, hey?

-- July 15, 2004 12:47 AM ∞

al wrote:

I saw a nice little house I would like to buy with
my dinar when exchanged. It is in Jamica

-- July 15, 2004 1:06 AM ∞

M7M wrote:

Hi Jules -- All you need is a Dinar and Dream...lol :)

-- July 15, 2004 1:16 AM ∞

m&m wrote:

too tired...can't type...can't see keyboard =(

-- July 15, 2004 1:19 AM ∞

tony wrote:

you sound like homer simpson lol

-- July 15, 2004 1:31 AM ∞

Jerry wrote:

Man the blog juss stopped... and you all left me...
I'm fileing abandonment charges tomm...:P

-- July 15, 2004 1:39 AM ∞

al wrote:

Seems like things start hopping around 3 a.m.

-- July 15, 2004 1:43 AM ∞

Jerry73 wrote:

I cant belive my post on portal Iraq "Iraqi dinar may appreciate" now has over 3000 views... That just goes to show how many people are checking this.

-- July 15, 2004 1:48 AM ∞

al wrote:

That is alot of hits. What is the address I would like to read it.

-- July 15, 2004 1:51 AM ∞

tony wrote:

but out of 3000 only 1 person replied..lmao

-- July 15, 2004 1:51 AM ∞

minigirl wrote:

No TV and no beer make Homer go crazy.... lol

I'm just wondering if anyone's decision here about the election has changed since they invested in the Dinar. Now that I have a stake in the success of Iraq, I'm wondering if there really is only one 'right' way to vote. lol

Jacquie

-- July 15, 2004 1:52 AM ∞

tony wrote:

only 12:52 here,think im gona pop in some disturbed and see if people make some noise on here

-- July 15, 2004 1:52 AM ∞

tony wrote:

im the last person to get political,but where does kerry stand with iraq and whats going on?

-- July 15, 2004 1:53 AM ∞

tony wrote:

Al-Iteman Bank has just been added to the stock exchanged opened at 7 dinars a share.

-- July 15, 2004 2:00 AM ∞

tony wrote:

The U.S. Agency for International Development (USAID) has announced the selection of a multi-million dollar Iraq Basic Education contract - otherwise referred to as the Education II contract - to Creative Associates International, based out of Washington, DC. The contract award provides funding up to $56.4 million over the next 24 months.

The Education II contract will focus on providing technical assistance to the Ministry of Education and empower its personnel to deliver quality education in Iraq.

The contract will specifically focus on enabling the Ministry of Education to conduct institutional capacity building of the Ministry of Education; to create model schools in each of the 81 sub-districts; train primary and secondary school teachers; procure supplies and equipment for school children of Iraq and promote and facilitate community participation in the quality of early childhood education


thats incrediable 56 million over 2 years wouldnt be suprised if teachers from here go and teach in iraq for more money

-- July 15, 2004 2:02 AM ∞

matt wrote:

Question:

I am going to start buying dinars. I have read the many posts and plan on using either portaliraq.com or ebay users (dima89, jaki2000, or j.b. trader) to buy dinars. I am still unsure of just how many. I am a college student and can only really afford to spend about $200.

My question is this:

Which way of purchasing Dinars would you recommend (see option above)?


I can have them FedEx to my house right?

Is there going to be a problem with them Fedex'ing that much Dinar? Is it safe? Does it go through any customs over there or over here?


THANKS!

-- July 15, 2004 2:09 AM ∞

tony wrote:

http://www.aljazeera.com/cgi-bin/news_service/middle_east_full_story.asp?service_id=2668 small article on t-bills

-- July 15, 2004 2:10 AM ∞

tony wrote:

no problem with fedex'ing it,only thing with j.b trader make sure he actually has the stuff in stock i heard he doesnt really have what he claims and some people ended up waiting a long time bro

-- July 15, 2004 2:11 AM ∞

al wrote:

Dima89 has several packages under $200.I have purchased from him several times and was pleased
with the service.

-- July 15, 2004 2:18 AM ∞

minigirl wrote:

yeah, JBTrader emailed me just a few days ago telling me that he didn't have it in stock. IMO he shouldn't have auctions up for what he doesn't have in hand. I've used Jaki2000 (real name is Fikri Kawar. He's in Amman, Jordan. He is one of the few international sellers that'll take a credit/debit card. He has you check out using the shopping card he has on his website where he sells local art, etc. It worked out great.

-- July 15, 2004 2:30 AM ∞

matt wrote:

I think I will do the Ebay "Buy It Now" option for 125,000 dinar (to start)

I cant find the purchase/order page on Portaliraq.com???

-- July 15, 2004 2:31 AM ∞

minigirl wrote:

oops. I meant to say the Shopping CART. Cart. heh.

-- July 15, 2004 2:31 AM ∞

OUFAN wrote:

Hi to all!!! Glad to see Tony, M&M, and many of the others from the old board on here and glad that I found my way back to this Dinar Think Tank.I am learning more each day just by keeping up with your posts. THANKS TO EVERYONE!!!

-- July 15, 2004 2:43 AM ∞

OZ wrote:

I just started reading. Great info and thanks to all those out there posting any info they may get. Every little bit helps.

Oz

-- July 15, 2004 4:34 AM ∞

Henry wrote:

I'm baaaaack. I don't say much, but I'm always here, reading. I'm not an authority and I didn't sleep at a Holiday Inn last night. Just think its better to stay silent and have people wonder how dumb you are than to open your mouth and remove all doubt!lol

That being said, I have over 3 mil nid, waiting on my last mil fron Amer.

See you in the islands...

-- July 15, 2004 4:45 AM ∞

Henry wrote:

Oh, I do open my mouth when I have info that no one has posted yet, but that's rare, lots of intelligent and dilligent people on this site.
(sure wish we had spell check)
Henry

-- July 15, 2004 4:48 AM ∞

Copedawg wrote:

Jerry
is my generator still running good?
if not, Clare is the one to see. he is pretty smart when it comes to them. I am relaxing at Walter Reed...and yes I will drink a real beer for you.Copedawg out

-- July 15, 2004 5:39 AM ∞

Jerry wrote:

Tony said,
"but out of 3000 only 1 person replied..lmao"

What was there to reply about? I made a statement. Hell you wouldont be rambleing on about the ISX if I hadnt posted it any way now your the "subject matter expert" pfffft yeh right.
Suppiez Copedawg?! I'm happy to hear your o.k bro. I'm still at Arifjan same same. I,d say more but you know the security thang and all.... Take care man
Jerry

-- July 15, 2004 6:07 AM ∞

BRYAN THE A/C MAN wrote:

I,M PURCHASING ANOTHER 2 MIL TODAY FROM IRAQPORTAL FOR 1085.00 PERMILLION 5-8 DAYS DELIVERY GO IRAQ !!!!!

-- July 15, 2004 6:16 AM ∞

Jerry wrote:

Al here ya go..

There is a chance to make a little money off purchasing Iraqi Dinar. Speculation like the stock market drives prices... When the Dinar is released on the world market the speculation at exchanges will definatly drive the price up. As demonstrated in January when the dinar went 1000 to the dollar. How high would it go up globally? Who knows.. but definatly not near its worth in natural and capital resources.

Iraqs Per Capita income is $400.00 Do you think it will still be $400.00 in 10 years? If you think yes the you might want to look at the more democratic states in the surrounding Gulf Region... Kuwait, UAE, and so on.

Another thing to think about is The Central Bank has allready started selling Dinars. The banks governer said that it helped double its foregin currency reserves to $2.4 billion.

Me personally I invested in the Iraqi Dinar when it was $1000.00 bought 100,000,000.00 Iraqi Dinar. In the ammout of 50,000,000.00 NID

But then again I live in Kuwait and have am working on getting an Iraqi bank account. I suggest all parties interested do the same.

Presidential Order 13303 allows you to do so. "U.S. citizens are allowed to invest in Currency, Stocks, Bonds, Real Estate and Buisness in Iraq."

True it doesnt say anything about banks or having a bank account... but stocks!!! Stocks require a bank account and if you do a little reasearch you can find existing private banks who are brokers for the Iraq Stock Exchange, and their contact info. I did. The idea here is to put a lil in stocks then have the bulk of the cash idle in the account as the economy grows. Unless you want to actually invest in the stock market... thats a whole other subject that makes money, I'll give you a little taste..

Baghdad Soda Company is listed on the "ISX" its not really even moving as the stock exchange in Iraq is about 10 days or so old (just reopening). Lots of web sites list the contracts won and whos bidding on them. I know for a fact that Coca Cola is bidding on Baghdad Soda Company but is hesitant on doing any thing because of the security. If you were to buy shares now and then later Coca Cola buys them imagine the money you make?!

I suppose the Key Word there is "Security"... Well if you been reading the news you might have been hearing the answer to that problem.

Two words... "Martial Law" look it up in history and get a general idea of it. Youll come to find out its pretty effective. Its only a matter of time...
Jerry

-- July 15, 2004 6:18 AM ∞

Dan wrote:

Here we go, let's give it a try..

I have set up a new fully featured forum on http://www.investorsiraq.com/

I invite you all to register and have fun. I really hope this will help us disscuss investing in Iraq in a more efficient way!!

Let me know what you think,

Dan

-- July 15, 2004 6:24 AM ∞

Jerry wrote:

correction to that post...
"Pepsicola signed a contract with Baghdad Soda Company september 23rd 03 and are hoping to employ 2000 plus Iraqis over the next several years.

-- July 15, 2004 6:26 AM ∞

tony wrote:

jerry get real bro wheather you posted it or not eiter I or someone else would have found it bro not like you broke into some government computer and stole clssified stuff,i mean look at this board you can post askin the simplest of things and get 20 replies easily im just saying that board is a waste theres no traffic and if you dont like my rambling on,then dont read what i post lol

-- July 15, 2004 6:31 AM ∞

tony wrote:

hey guys try out dans website it looks sweet,and with this format he has many will get there questions answered im signed up there has my name here tony,jerry you know i screwen with ya man lol

-- July 15, 2004 6:45 AM ∞

tony wrote:

http://www.rebuild-iraq-expo.com/news_details.asp?id=380 60,000 iraqi people employeed now,this is good for the economy

-- July 15, 2004 6:55 AM ∞

Jerry wrote:

It has a hit meter though... so that tells me 1 of 2 thigs...
1. Alot of people have the NID and are watching
2. Alot of people want the dinar and are extreemly curiuos.
Which kind of foreshadows the whole "Speculation at the open driving price."
Hell if I would have sold at the open when my LGF stock was being pumped by the Farenheight/911 movie I could have made a smooth grand in 3 days.

As for breaking into computers... lets just say I came a long way from vb c++, Back on AOL 2.0 when nukes actually worked. Even though most of my friends abandoned me and went with unix or linux, I chose to stay in the windows os area.
Also those people who are in the middle east out here have a bit more edge on info than you all Fox News watchers back at home.

-- July 15, 2004 6:58 AM ∞

tony wrote:

i dont like fox news lol

-- July 15, 2004 7:01 AM ∞

jack wrote:

Jeez guys, blew up the bandwidth did we? Be prepared to do this again, too many people tuned in to this little saga! Anyone on the ground know what prices for goods and services the Iraqis are paying currently. Price fixing can't last forever, I doubt the powers that be will allow inflation to swamp the Dinar's value at opening. Sooo many variables we're trying to figure out.

C'mon Dinar!....

-- July 15, 2004 7:40 AM ∞

Dan wrote:

Jack try http://www.investorsiraq.com

-- July 15, 2004 7:43 AM ∞

Jerry wrote:

Mahdi wants 95-100% cancellation

Adel Abdul Mahdi, Iraq's Finance Minister, told Gulf News on Monday: "We are asking for some major forgiveness, to wipe off at least 95 per cent of the debt or 100 per cent. We will have hard discussions with the IMF and the Paris Club in the coming months," he said. We are hoping that by the end of 2004, an agreement will be finalised in favour of Iraq and that the country will be cleared of the huge debt that according to Paris Club figures is about $120 billion."

-- July 15, 2004 8:24 AM ∞

tony wrote:

i read most are willing to forget the debt,as long has they are given contracts to do business in iraq and only

-- July 15, 2004 8:33 AM ∞

Jerry wrote:

Abassador Rahim says aid low and debt demands high

The LA Times reports that only about $1bn of the $13bn pledged to Iraq at Madrid last October has actually been given to the UN and World Bank funds established to manage it. Rend Rahim, Iraq's ambassador to the United States, said the aid "is much, much lower than what Iraq was promised.... We shouldn't be set adrift, on our own." She also told an audience at the American Enterprise Institute in Washington on June 29 that "so far, we do not have any serious pledges for the reduction of Iraqi debt." She criticized countries that have been unwilling to forgive more than a small portion of the debt, saying that the creditors "really want their pound of flesh."

World Bank economist opposes deep cancellation

"If 98% or 100% of the Iraqi debt is simply canceled, then it may be seen by other middle-income countries like Turkey as a kind of unfair treatment, in the sense that they also have a lot of debt and find it very difficult to live with that debt," World Bank Chief Economist Francois Bourguignon said at a press conference in Tokyo.

Foreign Minister Hoshyar Zebari met with Romanian Foreign Minster Mircea Geoana today. Speaking at a news conference, Geoana said the Romanian debt claim was about $2.5bn. This is a significant increase on the $1.7bn figure which was quoted in April 2003. A small increase might come from interest over the last year and from the devaluation of the dollar (depending on what currency the Romanian claim is denominated in), but the increase of almost 50% is worrying.

Geoana said "It's is important to understand that for the short run, the Iraqis will need all the resources they can get," and he said "creative methods" for dealing with the issue are needed, such as boosting Romanian investments in Iraq, or the import of Iraqi oil. Zebari said that there is agreement that the solution should come through the Paris Club of creditor nations, but that Iraq will need "postponement (of IMF demands $80m from Iraq

The IMF spokesman Thomas Dawson said the Fund will recognition the interim Iraqi government and push new loans provived Iraq pay it $80.5m in outstanding claims.

At Madrdid last October, then-IMF Managing Director Horst Koehler indicated the IMF could make loans of $2.5 billion to $4.25 billion to Iraq over the next three years. The World Bank, has indicated it is prepared to lend Iraq between $3 billion and $5 billion over the next five years.

Dawson refused to confirm published accounts that the IMF's recent report looked at various levels of debt forgiveness, from 67 percent to 95 percent of the arrears. "The scenarios don't contain any recommendations for a particular level of debt relief," Dawson said. "That is a decision for Iraq and its creditors."
June 29, 2004
Saudi & Kuwait demand reparations

Reuters reports that at the UNCC meeting Kuwait and Saudi Arabia continued to call for their pounds of flesh.

Turki bin Nasser bin Abdulaziz, president of Saudi Arabia's meteorology and environment department, declared: "Iraq has the ability and the means to compensate for all of the damages it inflicted on the claimant countries," and failing to hold an aggressor fully accountable would set "a dangerous precedent." Saudi Arabia is seeking more than $28 billion for damage to its environment caused by Iraqi troops setting oil wellheads on fire as they fled the US-led coalition in 1991.

Khaled Ahmad Al-Mudaf, chairman of the Kuwaiti body assessing compensation claims, told the UN commission there should be "no delay or interruption in the receipt of funds". He said he was confident Iraq would abide by the Security Council resolution.

Jubilee Iraq was protesting outside of the UNCC meeting.

-- July 15, 2004 9:01 AM ∞

fsm75 wrote:

The new forum looks great but it is somewhat cumbersome to navigate. Is there a way to see all the contents of the thread at one time?

-- July 15, 2004 9:31 AM ∞

EW wrote:

Dan - I appreciate the effort, however, what makes this board so successful is the fact that like M&M said in an earlier post. We don't want to register, signup or any of that. Yes we want to post anonomously...Until everyone leaves this board...I am commited here.

-- July 15, 2004 9:31 AM ∞

fsm75 wrote:

EW:
The registration process only requires a username and password, which is exactly what you are doing on this board.

-- July 15, 2004 9:46 AM ∞

tony wrote:

the sweet thing is if you have a pirticular quesiton it will get answered cause theres different catigories for everything here alot of the questions dont get noticed

-- July 15, 2004 9:47 AM ∞

EW wrote:

Kevin - Whether you are using ASP or Perl I am sure you are good at what you do. I use ASP because I don't currently have my SGI running IRIX to work with Perl all that much, however, I can think of only two possibilities to cut down traffic:


  1. Set cookies somehow so that when a person visits, they only see the posts they hadn't seen before with an optional like to view all posts.
  2. Display only X number of posts, say 20, with the option of viewing all posts for a day and then "archiving" the posts weekly and putting a combobox on a small top frame or on the page itself to list all the "archived" weekly posts.

    Now the thing here is this: I assume this is driven with a database rearend. If so, you wouldn't actually be "archiving" anything, you would just be modifying the query to pull the applicable data.Just my two cents!!!

    I love the format of this board the way it is, however, I understand the concern as far as bandwidth.

    Don't worry, once the dinar starts creeping up in a couple of years...You will be able to purchase a dedicated T-1...LOL...;>)

-- July 15, 2004 9:48 AM ∞

EW wrote:

Oops:

Paragraph 1) should have read "with an optional link to view posts."

tony - Most questions will get answered if they are serious and ask them again. I just don't like having to click each sub-category to get up to speed on the latest info. I think it is inefficent for us as a whole.

This is my routine. First thing in the morning I logon the the net and click this link, I continue preparing my morning coffee and come back and I can read it like a newspaper (even better because I just scroll down while sipping my coffee.) I read EVERYTHING where as with the sub-categories I have to click and wait for each page to download because I don't exactly have a cable modem out here in Bahrain and I suspect that many of our posters from IRAQ don't have a fast connection either, each time I have to click a subcatergory, I have to wait for a brand new page to appear which cuts my available reading time in half.

This is only my opinion and I love the board the way it is.

Great forum for us...Heck...I wich the intelligence agencies would consider such a forum...LOL

-- July 15, 2004 9:57 AM ∞

EW wrote:

Errr...."I wish the intelligence agencies..." NOT "I wich..."

-- July 15, 2004 9:59 AM ∞

EW wrote:

fsm75 - I have never supplied a username or password for this board. I came across it in a search and posted freely ever since...Maybe to the regret of you all...LMAO!!! :>)

-- July 15, 2004 10:02 AM ∞

EW wrote:

I guess the reason I love it is because it follows the KISS method.

-- July 15, 2004 10:04 AM ∞

fsm75@aol.com wrote:

EW:

I understand what you are saying about having to wait for each page to download. I do find the old board to be easier to deal with in that you can quickly read every thing with just one download of the page. But, remember you do have to refresh to see anything that is posted after you complete your first load. However the new board is effective in that you can easily read new posts without having to find where you left off.

We would love you have you join us on the new board. Your opinion and input is respected and needed.

-- July 15, 2004 10:10 AM ∞

tony wrote:

i think weve just grown attached to this board it where we all met,lol but im still gona come here everyday and pass info and get info both 2 boards are better then 1

-- July 15, 2004 10:22 AM ∞

Kevin Brancato wrote:

All,

First, you should all know that although I own this board, I do NOT own the Investor's Iraq Forum. Even though I'll be losing a lot of traffic, I think it is a good idea for people to move to the Forum...

Second, I'm not a programmer, and configuring the comments so that only the last X are viewed is beyond my capabilities at the moment. I'm writing a Ph.D. dissertation, and don't have the spare time to learn the requisite details of Movable Type to make this work.

Finally, I don't actually own any Iraqi Dinar!

-- July 15, 2004 10:26 AM ∞

tony wrote:

kevin i guarntee you,you wont lose traffic this is our home,we all met here we were all educated here were not gona turn our backs to what has helped us get inches closer to invesments potential

-- July 15, 2004 10:28 AM ∞

EW wrote:

fsm75 - I hear what your saying and I have in fact bookmarked the page as I have done with many a page. I will try it for a bit to see if it grows on me, however, the categories need to be explicit to keep us there. He has a couple that are, however, the Forum and the lounge leave people to feel that have to visit both in order to get all the Information.

If it were me, I would do the following:



  • No registration necessary.
  • HTML Allowed for ease of referencing and 'Eye Catching'.
  • Sub-Categories would be explicit. It is an Iraqi Dinar site...No need to insert the words Iraqi Dinar blah blah blah...
  • Straight and to the point sub-categories.

    • Taxes
    • Rates
    • T-Bills
    • Stock Exchange (ISX)
    • Travel With Dinar
    • Speculation
    • Opinions


    That said, many folks like tony, Jerry, M&M, fsm75 and others have provide valuable info that relates to all topics which may only get posted in one sub-category.

    This is why the intelligence community failed! Not everyone got the same info because they were reading different posts!!!

    Just trying to hold on to a successful board here.

    I hope Kevin will consider my suggestions so we can keep this board open, however, if I am left with no other option, I will be joining you Dan's board.

    Dan - What bandwidth to you have? It sounds like you are not unlimited? What can we do to help?

-- July 15, 2004 10:52 AM ∞

EW wrote:

Major Errr.....Kevin not Dan, What bandwidth to you have? It sounds like you are not unlimited? What can we do to help?

-- July 15, 2004 10:54 AM ∞

Q wrote:

hey guys just got another "package" from Amer he ships fast!! go dinar.

-- July 15, 2004 11:23 AM ∞

tony wrote:

hey Q did you pay by credit card? if so how safe are his transactions?

-- July 15, 2004 11:31 AM ∞

fsm75 wrote:

Q:

Where are you located and how long did it take you to receive the package?

-- July 15, 2004 11:57 AM ∞

Kevin Brancato wrote:

What do you think of a blog devoted solely to the Iraqi Dinar hosted for free? There are no bandwidth limitations, and you could add 50,000 comments without anybody compaining! (Anybody who would like to fully control and manage the Iraqi Dinar Blog, please email me at kevin-at-truckandbarter.com).

I would have let you all post as much as you wanted on T&B, but as the number of comments gets larger, the bandwidth for each page load gets larger too--and yesterday it became exceedingly large, with each page load taking about 1MB. Yesterday, I used 2GB in 24 hours! My plan has only 19GB per month! That's why I had to shut down the other page.

There's nothing that can be done except to shut down comments when they hit a prespecified limit, and start a brand new page. This is very difficult to manage actively, so I regretfully suggest the conversation move to the Forum or the new blog.

-- July 15, 2004 12:51 PM ∞

tony wrote:

i must say this board has really grown and exploded with info

-- July 15, 2004 12:56 PM ∞

Allen wrote:

I am new to this and i am curious to know, if the NID is at around 1460 does it need to go lower or higher to be worth something? I hope this makes sense.

-- July 15, 2004 1:11 PM ∞

fsm75@aol.com wrote:

It needs to lower. most of the people on this blog have moved to investorsiraq.com. Feel free to join us!

-- July 15, 2004 1:21 PM ∞

Copedawg wrote:

hey Al, i believe it needs to go down....right now it's 1 USD = 1460 IQD. If it goes down to 1 that would mean 1 USD = 1 IQD. make sense? make sure it's converting USD in to IQD not the other way.

-- July 15, 2004 1:22 PM ∞

Allen wrote:

Yes it does, thank you. Great site, very informative with some very intellegent people, all with different views to look at Thank you.

-- July 15, 2004 1:29 PM ∞

Allen wrote:

Yes it does, thank you. Great site, very informative with some very intellegent people, all with different views to look at Thank you.

-- July 15, 2004 1:30 PM ∞

Allen wrote:

oops, double tapped.

-- July 15, 2004 1:31 PM ∞

Copedawg wrote:

most good soldiers do

-- July 15, 2004 1:32 PM ∞

BK wrote:

Those interested in the ISX, here is a list of brokers and email addresses. I am interested, but, honestly, am not that knowledgable about them

B110 Alsinaee Bank alsinaeebank@isx-iq.net
B120 Alzeraee Bank alzeraeebank@isx-iq.net
B130 Rafidain Bank rafidainbank@isx-iq.net
B140 Rasheed Bank rasheedbank@isx-iq.net
B150 Baghdad Bank baghdadbank@isx-iq.net
C160 Okadh Co. okadh@isx-iq.net
C170 Almutahida Co. almutahidaco@isx-iq.net
C180 Alkassab Co. alkassabco@isx-iq.net
190 Alkhaleej (Canceled) Alkhaleej (Canceled)
C200 Babel Co. babelco@isx-iq.net
C210 Alfurat Co. alfuratco@isx-iq.net
220 Altayseer(Canceled) Altayseer(Canceled)
C230 Altemeem Co. altemeemco@isx-iq.net
C240 Alsadoon Co. alsadoonco@isx-iq.net
C250 Aliraq Co. aliraqco@isx-iq.net
C260 Dijla Co. dijlaco@isx-iq.net
C270 Alshimal Co. alshimalco@isx-iq.net
C280 Alrafidain Co. alrafidainco@isx-iq.net
C290 Alhayat Co. alhayatco@isx-iq.net
300 Summer (Canceled) Summer (Canceled)
C310 Albaraka Co. albarakaco@isx-iq.net
C320 Alshorja Co. alshorjaco@isx-iq.net
B330 Altijari Bank altijaribank@isx-iq.net
C340 Aljawhara Co. jawhara@isx-iq.net
C350 Aljazeerah Co. aljazeraco@isx-iq.net
360 Alsibeer(Canceled) Alsibeer(Canceled)
B370 Alislami Bank alislamibank@isx-iq.net
B380 Istithmar Bank istithmarbank@isx-iq.net
B390 Alsharq Alawsat Bank sharqawst@isx-iq.net
C400 Alfawz Co. alfawzco@isx-iq.net
C410 Alhikma Co. alhikmaco@isx-iq.net
C420 Alwafa Co. alwafaco@isx-iq.net
C430 Alhatar Co. alhatarco@isx-iq.net
C440 Alnibras Co. alnibrasco@isx-iq.net
C450 Alrabee Co. alrabeeco@isx-iq.net
C460 Alwaha Co. alwahaco@isx-iq.net
C470 Nainawa Co. nainawaco@isx-iq.net
C480 Alqidwa Co. alqidwaco@isx-iq.net
C490 Alatlas Co. alatlasco@isx-iq.net
C500 Alaseel Co. alaseelco@isx-iq.net
C510 Alkarmal Co. alkarmalco@isx-iq.net
C520 Alaman Co. alamanco@isx-iq.net
B530 Alahli Alirqi Bank alahiraq@isx-iq.net
B540 Almutahed Bank almutahedbank@isx-iq.net
B550 Alaqari Bank alaqaribank@isx-iq.net
B560 Albasrah Bank albasrahbank@isx-iq.net
B570 Dar Alsalam Bank darslambank@isx-iq.net
B580 Babel Bank babelbank@isx-iq.net
B590 Summer Bank summerbank@isx-iq.net
B600 Alkhaleej Bank alkhaleejbank@isx-iq.net
B610 Alietiman Bank alietimanbank@isx-iq.net
B620 Alwrkaa Bank alwrkaabank@isx-iq.net
B630 Alieqtisad Bank alieqtisadbank@isx-iq.net
B640 Albaraka Bank albarakabank@isx-iq.net
B650 Almousel Bank almouselbank@isx-iq.net

-- July 15, 2004 1:36 PM ∞

tony wrote:

you know what alot of people must still be going to the old page and cant post so they thing the board is down it took me awhile to find this new page i think thats why its been slow

-- July 15, 2004 1:43 PM ∞

infinite_justice_911 wrote:

Street life revives in Iraqi capital
A reporter sees brisk watermelon sales, and other signs of normalcy on a hot July night.
By Dan Murphy | Staff writer of The Christian Science Monitor

http://www.csmonitor.com/2004/0715/p01s03-woiq.html

-- July 15, 2004 2:44 PM ∞

Dan wrote:

Hey EW could you email me your suggestions as to how to make the new forum better?

Also, check this page out:
http://www.investorsiraq.com/search.php?searchid=68

It shows all the new posts in an orderly fashion.. let me know if this looks good.

Dan

-- July 15, 2004 3:10 PM ∞

Q wrote:

hey guys just got back. I am in Texas and my order took 3 days to get here. And yes Amer takes credit cards and ATM {check cards) super fast service plus brand new bills!!!

-- July 15, 2004 4:32 PM ∞

KEN-Houston wrote:

I got another load of NID in the mail today and they have small amounts of writing on them. Will this matter?

-- July 15, 2004 4:44 PM ∞

Ha wrote:

Hey Tony and all,
INFO FROM CENTRAL BANK:
Here is a reply my husband sent me in regard to the source of his information about the dinar notes getting REISSUED and his input:

to your question,it was put out by the powers that be,central bank of iraq,they said that once the 25,000:10,000:5,000:dinar notes get turned in for exchange,they will not reissue them to the general public,but:that is a no brainer,how often do you see,or even hear of such large notes being available to the public?
it only happens when situations like we have here in iraq come about.it happened 12years ago in kuwait,but now only 20, 10, 5, 1, 1/2, 1/4 and change are available to the public in kuwait. so eventually that will happen in iraq too.
but as usual poeple get confused.

I'll catch up on reading the posts in the evening. Even though by then a lot has been said.
Thanks.

-- July 15, 2004 4:57 PM ∞

Blake wrote:

Everyone,
Come over to the new message board put online today. We're just getting it started and will trasnfer all the important info over soon, but that's where everyone is going....

http://www.investorsiraq.com/index.php?

P.S. Ha, thanks for officially confirming what some of us have been saying for awhile. See you over at the new board!

-- July 15, 2004 5:51 PM ∞

Noel wrote:

Everyone! Please stop telling your friends, family and anyone else about Dinar investment opprtunities!!! Already, half of the Bremer dinars that have been invested have been smuggled out of Iraq AND BOUGHT UP BY SPECULATORS LIKE OURSELVES! For the country of Iraq to flourish in the future the currency must stay in the country!! If we are all to make fortunes we need to shut our mouths and stop telling people about it! SIX DEGREES OF SEPARATION CAN RUIN OUR INVESTMENTS!!! Don't you think that if more than half the money gets tied up in foreign investment the possibility of Iraq switching to another currency is impending? I welcome comments.

-- July 15, 2004 6:16 PM ∞

Blake wrote:

Noel,
Umm.....no. That is not how commodities markets work. sorry, man The full explananation to that question can be found on the original page somewhere, but I'm running thin on time and can't post it.

-- July 15, 2004 7:02 PM ∞

Peter wrote:

Please see ths website all people are interested in new iraqi dinar. This saying about new iraqi dinar will change after iraqi election.

http://usinfo.state.gov/mena/Archive/2004/Jan/30-733354.html

-- July 15, 2004 7:13 PM ∞

Scott wrote:

Noel,

I was already schooled on this line of thinking...in short, tell everyone. The more the merrier. It will actually drive up the demand and, ultimately, our bank accounts.

-- July 15, 2004 7:21 PM ∞

Blake wrote:

Peter,
It says it "may", NOT "will"....

"Once there have been national elections, and there is a new Iraqi Government, the new Government may introduce new notes, or a new currency. But this will be further down the line."

While you make a point of concern, we have previously listed several detailed reasons why we strongly think that will not happen. And in the unlikely event does, there will surely be an exchange period and we will figure out a way to exchange our dinars within that period.

-- July 15, 2004 7:43 PM ∞

bert wrote:

KEVIN-thank you very much for this web board.fireman from fla doesnt feel alone any more.if ever in fla,ive got the the dinner and drinks.thank you again.

-- July 15, 2004 9:57 PM ∞

jules wrote:

hey guys,
don't forget about the dinar blog (link at top),
has a good format
registered as well at the "investorindinar" sight
later,
jules

-- July 16, 2004 12:28 AM ∞

jules wrote:

i mean the investor's iraq forum:)

-- July 16, 2004 12:31 AM ∞

Jerry wrote:

OK THIS IS KIND OF IMPORTANT ITS WHAT THE MONEY DEALERS DONT WANT YOU TO KNOW...



Fake Money Undermines Confidence
Even the introduction of a new currency has failed to end the old problem of counterfeiting.
By Mohammed Fawzi in Baghdad (ICR No. 65, 01-Jun-04)
The only thing distinctive about the counterfeit 250 Iraqi dinar note is a slight discolouration of the dye and a missing horse's head watermark.
Slight as they seem, these differences portend the return to Iraq of a problem many people hoped had disappeared with the introduction of a completely new currency last December.
Until then, Iraqis had been using stacks of "Saddamiyat" – 250 dinar notes which carried the portrait of former President Saddam Hussein – whose cheap paper and dyes made them easy to copy.
For many Iraqis, the flood of counterfeit money under the old regime symbolised the weakening of the economy under sanctions imposed by the United Nations Security Council.
Many people are beginning to view the surge of new counterfeits as the latest disappointment in post-war Iraq.
When the Saddamiyat bills were replaced with new notes last year, the Coalition Provisional Authority claimed counterfeit currency would be much more difficult to produce.
But to the surprise of many people, fake banknotes from 250 dinars all the way up to 25,000 dinars (about 18 US dollars) began appearing just months after the introduction of the new currency.
"We didn't believe it when we first heard about forged money, but after a while we found that it was in wide circulation," says Abd al-Hadi Rahma, 32, who owns a Baghdad currency exchange.
"We are back to the same old situation that we had under Saddam, when forged money spread nationwide without anyone doing anything about it," Rahma says.
Officials were reluctant to comment on the new development.
Ghassoun Samuair, director of accounts at the central bank, confirmed that forged currency "is a problem" but he referred further questions to the Ministry of Finance and the CPA.
IWPR’s requests for interviews with the CPA and the finance ministry were turned down.
Neither bank officials nor money changers had any idea who was behind the counterfeiting, but it is assumed that the forged money is being printed abroad.
Wherever they come from, though, the forged bills are depressing the value of the dinar, money changers claim.
In the months since the release of the new currency, the dinar has soared in value to just over 900 to the dollar, only to fall and eventually level off at 1,400 to the dinar.
"There used to be a great deal of demand for the new currency, but now there isn’t any longer," said Taleb Said, who works at Baghdad’s Jamal exchange. "Kuwaitis and Jordanians bought a lot of the new currency, but now the demand is less because of the counterfeiting."
The fake currency has also depressed domestic confidence in the economy, with some people expressing fears that their salary might be paid in the notes, or that they could receive counterfeit money in commercial transactions.
Iranian pilgrim Shiraz Shahinaki, a visitor to Iraq's Shia shrines, was shocked to find that no one would accept the dinars he purchased to go shopping.
"Oh Iraqis, how quickly did they forge your money!" he lamented.
Some people see one silver lining in the new currency, since – real or fake – it no longer depicts Saddam.
"I don't care whether it's forged or not," said taxi driver Riyad Mushtiq Salman, 34. "The important thing is that we got rid of the tyrant."
Mohammed Fawzi is a trainee journalist with IWPR in Baghdad

-- July 16, 2004 1:22 AM ∞

Jack wrote:

Jerry - I don't think there's any truth to any "large" widespread counterfeiting problem with this new currency. It is easier to conterfeit US dollars than it is for the new dinar. I smell an altrerior motive behind this story...Perhaps to help stop the problem with smuggling dinars out of Iraq for investment purposes(keeping it in the country)or a terrorist circulated rumor to create panic/shock for the Iraqi peopple and their new found freedom. You will never convince me these notes are conterfeit nor will they be counterfeited anytime in the near future. Too much sophistication & cost behind printing these w/ De La Rue printing co. My gues: Terrorists at it again attempting to instill fear in people, thus creating a break down in confidence/progress. ANY ANY THOUGHTS??

-- July 16, 2004 10:09 AM ∞

Ben wrote:

CONTERFEITING ALREADY ??

No way! I tend to agree with Jack on this one. Just matching the paper quality alone would be an enormous, virtually impossible task. This doesn't even include precision of the high-tech sophisticated printing. In addition, after numerous 747 aircraft flew abroad in Iraq to distribute these new notes to banks in late 2003, every single one of the banks & staff members received extensive training on the handling & most importantly on; Detecting conterfeit notes. Any efforts made to duplicate these bills will easily be identified. That is , easily identified by someone with a pulse!

I'm not even concerned about this bogus story: As Jack said, high probability with terrorists playing on the fears of everyone involved. One man writing this article can easily have been compensated nicely by terror thugs and/or connected to them in order to do what they do best. ATTEMPT to generate fear!

-- July 16, 2004 10:47 AM ∞

Bill from DC wrote:

ben/et.al.--i must admit that i am increasingly of the mind that not only could such rumours of counterfiet (sp?) bills be a hoax, but so too the rumours of a currency exchange! i'll not re-hash any of the arguments debunking these specious assertions, as i believe them to be, because of the expert way in which those on the blog (and at the iraqi investors forum) have systematically called them into question. but again, comments from people about counterfieting and currency change strike me as scaremongering! you know, a sort of a "stay-away-from-the-currency-scaremongering-so-that-"i"-can-cash-in" scheme! ... or may be i'm just rationalizing things again ... or perhaps preparing my defense when the wife finds out i've spent money on this;-)!!

-- July 16, 2004 11:34 AM ∞

Allen wrote:

i have a question, how does the conversion go, for instance, if 1460 NID = .00007(if thats correct) USD, how do they arrive at that number? what is the calculation, does anyone know? i am curious to see where the Dinar has to get to to be equal to .01. or is this a irrelevant question. thanks

-- July 16, 2004 11:45 AM ∞

tony wrote:

to find out what your dinar is worth divide the amount you have by 1460 the lower the number gets the better for us so if it goes down to 25 dinars to 1 u.s currenct then divide the dinars you have by 25,once it reachs 1 then that means for every dinar you have its worth 1 dollar.

-- July 16, 2004 12:24 PM ∞

Mike wrote:

I have bought some dinars. And just reading newspaper articles, The new central bank in iraq says that by the end of the year, it will go up at least 17%. Now that is Iraq economy. There is no doubt in my mind that this is a good investment. Many companies have invested millions in dinars. And I bet you that those rich bastards in congress also invested. I'm a believer?? I want more!! There is never a problem of being to rich!!!

-- July 16, 2004 1:31 PM ∞

mike wrote:

Oh yeah to find out what your dinar is worth go to oanda.com or yahoo currency converter. I recommend to go there to see how much your dinar is worth

-- July 16, 2004 1:33 PM ∞

BO wrote:

Hello...... Hello........ is anybody here . Hello. Hey I thought you guys said that two sights were better than one. Well you guys must have forgotten where you all came from. I made one post but I really enjoy reading a constant stream of information. The other sight is OK but it is not the same. Yes, I too am a Dinar junkie. Im addicted but I dont like the new product. I want the old product back.Again someone said that two site were better than one . It looks to me like this one is over.
I'll still be here reading if someone post. and i guess if push come to shove I'll go to the other site.

Kevin B., do what ever you need to do to get you traffic back to this site Bro.

-- July 16, 2004 10:31 PM ∞

Kevin Brancato wrote:

BO,

I am not so arrogant as to believe that I can control my readers. They came by themselves, and will leave the same way...

-- July 16, 2004 10:39 PM ∞

jules wrote:

I agree with you, Bo
I much prefer this stream type format. The iraqi dinar blog is similar, but i expect can take on more volume than this one. hope more people try it.
The other one is cleaner in how it fragments everything, but i can't tell where anybody is and follow conversations:(
jules

-- July 16, 2004 11:55 PM ∞

BO wrote:

Jules
Did u see the time span between post,1:33pm-10:31pm. they all jumped ship. (as if this one was sinking)

-- July 17, 2004 12:28 AM ∞

jules wrote:

yeah,
kevin was having trouble with band width because of the large volume of responses.
That's why you see the links at the top for the iraq forum and the blog. he wanted us to move on,because of the volume,to an area that could handle it better.
unfortunately most went to the forum site. the blog site format is more like this one, which i like.

-- July 17, 2004 12:44 AM ∞

jules wrote:

he mentions the issue in earlier posts

-- July 17, 2004 12:46 AM ∞

EW wrote:

ALL - I am still here!!! I am on the weekend now and haven't been able to post lately, however, I do check it daily and read!

-- July 17, 2004 1:00 AM ∞

tony wrote:

i do my best to stop by and answer what i can

-- July 17, 2004 1:33 AM ∞

EW wrote:

Iraq stock exchange poised to rally in 'Japan' of Middle East -
http://news.yahoo.com/news?tmpl=story&u=/afp/20040716/wl_mideast_afp/iraq_economy_stocks_040716161703

-- July 17, 2004 1:34 AM ∞

EW wrote:

Just a reminder - Tomorrows the big day!!! New T-Bills coming out JULY 18TH

-- July 17, 2004 1:45 AM ∞

Ben wrote:

Bill from DC,

Posted by: Bill from DC at July 16, 2004 11:34 AM

I expect you to say what you mean... What do you mean???????????????

BF

-- July 17, 2004 1:55 AM ∞

BO wrote:

Tony,
You Da Man, I knew you would not forget where you came from.

-- July 17, 2004 2:01 AM ∞

Kevin wrote:

Iraq is doing fine. Those who invested will be rewarded... There are NO counterfeit concerns at all...Those who refuse to agree will be financially punished! Keep the dinars rolling...

-- July 17, 2004 2:14 AM ∞

tony wrote:

i doubt anything will happen when the dinar untill late december or early janurary right around elections

-- July 17, 2004 2:23 AM ∞

Q wrote:

i like this site too. i got a few bills in the mail today with a little hand writing on them dose any one think they will be a problem to cash or deposit ?

-- July 17, 2004 2:26 AM ∞

EW wrote:

Q - I think everyone is paranoid right now as far as the writing thing goes. I think in the long run it won't be as big of a deal, however, if the opportunity presents itself and it is a concern then for exchange them if not for any other reason than peace of mind.

-- July 17, 2004 3:31 AM ∞

al wrote:

could someone tell me what aTBill is and what effect it will have on the Iraq Dinar cus i dont have a clue. From the UK so be easy on me.

-- July 17, 2004 7:09 AM ∞

Breck wrote:

Vol XXVII NO. 119 Saturday 17 July 2004

HOME
LOCAL
WORLD
BUSINESS
SPORT
WHAT'S ON
COMMENT
LETTERS
CARTOONS
CLASSIFIEDS
ADVERTISE
ARCHIVES





Iraq 'can become Japan of Mideast'

BAGHDAD: Iraq has the potential to become the Japan of the Middle East, and its revamped stock exchange, which is already trading at record volumes, will soar as a result, executives at the bourse predicted yesterday.

But it will take time, they admitted, as the interim government struggles to end a 15-month-old insurgency that has bred chaos during the US-led occupation.

"Iraq is a very rich country potentially," Talib Al Tabatabie, chairman of the bourse, said at the well-guarded stock exchange building tucked away behind a large hotel in Baghdad.

"It needs only efforts to redevelop it again and you will have one of the richest countries in the Middle East," he declared.

"Iraq is by all means a futuristic country. ... I have a strong faith that the economy of Iraq will be one of the healthiest, strongest economies in the Middle East and that of course will be reflected in the stock exchange," he said.

"If I am to be permitted to dream... Iraq will develop into the Japan of (the Middle East), and it wouldn't take a long time."

The product of more than a year's work by 12 brokerage firms and banks that jointly own it, the Iraq Stock Exchange has 27 listed companies, with about 100 more due to go public in the next month and a half, the executives said.

These firms have an automatic right to float as they were part of the former Baghdad exchange, which was dissolved after the March 2003 US-led invasion of Iraq, but new companies are also clamouring for a piece of the action.

"The total number of listed companies by the end of this year is expected to be around 180 or 200 companies," Tabatabie said.

In its first morning of business on June 24, more than 500 million shares were traded - more than the Baghdad Stock Exchange ever achieved - with shares in just six companies changing hands, and the volume is expected to keep rising, said chief executive Taha Abdulsalam.

Twelve companies actively traded on the second session on Sunday, July 4. Their aggregate share price at the end of the morning was $2.66m, up from $2.21m at the start, for a 20pc rise, the exchange said in a statement, adding that 560m stocks changed hands.


Forward this article to a Colleague, Associate or Friend Printable version

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-- July 17, 2004 9:16 AM ∞

bill wrote:

The dinar is going up so just buy it and wait...
Just do it

-- July 17, 2004 12:46 PM ∞

jules wrote:

here's the blog kevin set up that can take more volume
http://iraqidinar.blogspot.com/2004/07/open-thread-on-iraqi-dinar.html
format similar to this site
jules

-- July 17, 2004 1:55 PM ∞

jules wrote:

i posted some info there you may or may not have

-- July 17, 2004 2:12 PM ∞

BO wrote:

Jules,lets get everyone over to the blog site if possible. It's much better than the forum site, to me at least.

-- July 17, 2004 4:23 PM ∞

BO wrote:

Tony, do you remember what you posted,

" kevin i guarntee you,you wont lose traffic this is our home,we all met here we were all educated here were not gona turn our backs to what has helped us get inches closer to invesments potential "

Posted by: tony at July 15, 2004 10:28 AM

Not tring to put you on blast bro but lets face it, this blog is done with out you guys. The investor iraq forum is no where like this one. Kevin B (Truck & Barter) has put a new blog together . Just like this one but with different threads. You get the same constant stream of information. much better than the forum. At least I think so. Kevin has a link at the top of this page.
Iraqi Dinar Blog not Investor Iraq forum. try it and see. I just dont like the fact that everyone jumped ship and this one was not sinking. dont get me wrong im not hating on the new forum, not at all. I just like to read the constant flow of information. I dont want to sound like I'm crying but yesterday there was a 9 hour period of no posting.

-- July 17, 2004 4:54 PM ∞

tony wrote:

im here bro,but im not gona lie the other board is nice when you have a certain question or are lookin for certain info you know just where to go to find it or ask it,but i havent deserted this board,,why arnt you over at the other board too you dont have to turn your back on this board just cause your a member over there.

-- July 17, 2004 5:33 PM ∞

BO wrote:

HAVE YOU SEEN THE OTHER SITE . IF SO WHAT ARE YOU THOUGHTS .

-- July 17, 2004 5:35 PM ∞

BO wrote:

HAVE YOU SEEN THE OTHER SITE. IF SO WHAT ARE YOUR THOUGHTS .

-- July 17, 2004 5:36 PM ∞

BO wrote:

IM OVER THER TOO BUT I JUST LIKE THE CONSTANT STREAM OF INFO. CHECK IT OUT KEVIN HAS THE LINK AT THE TOP OF THIS BOARD. THE IRAQI DINAR BLOG

-- July 17, 2004 5:41 PM ∞

BO wrote:

9 HOURS OF NO POSTING THAT TURNING YOUR BACK . (THIS IS NOT DIRECTED TOWARDS YOU. JUST IN GENERAL)

-- July 17, 2004 5:45 PM ∞

jules wrote:

bo, i gave them the url at the forum site, don't know if they looked at it--site won't come up now.
hope to see more on the blog
I agree, tony, i like the organization of the forum, but i miss the collective interaction like in this format
why can't we utilize both?
jules

-- July 17, 2004 6:15 PM ∞

BO wrote:

WATCH , THEY WILL ALL COME BACK HOME NOW.

-- July 17, 2004 6:23 PM ∞

tony wrote:

that seems to complicated entering blog title and blog address what the hell is that..lol and it wont let me use my name say not available...i'll try again later.

-- July 17, 2004 6:27 PM ∞

BO wrote:

WHICH SITE

-- July 17, 2004 6:29 PM ∞

BO wrote:

http://iraqidinar.blogspot.com/

-- July 17, 2004 6:30 PM ∞

BO wrote:

http://iraqidinar.blogspot.com/

-- July 17, 2004 6:33 PM ∞

BO wrote:

http://iraqidinar.blogspot.com/

-- July 17, 2004 6:33 PM ∞

BO wrote:

THE FORUM SITE IS WELL ORGANIZED. THE BLOG SITE IS ALSO. CONSTANT STREAM OF IFO IS THE KEY. NOW I CANT GET ON THE FORUM SITE

-- July 17, 2004 6:38 PM ∞

BO wrote:

INFO !!!!!!

-- July 17, 2004 6:38 PM ∞

EW wrote:

Iraq prepares to launch bond market - July 16, 2004 15:53GMT -
http://news.bbc.co.uk/1/hi/business/3900627.stm

-- July 18, 2004 9:20 AM ∞

EW wrote:

Dutch to write off some Iraq debt - July 18, 2004
http://www.gulf-daily-news.com/Story.asp?Article=87043&Sn=BUSI&IssueID=27120

-- July 18, 2004 9:28 AM ∞

EW wrote:

Any of you folks up north in Iraq heard from your contacts as to how the Bond sales went?

In an effort to keep this board streamlined and so Kevin doesn't have to create a new page every two weeks due to bandwidth restrictions, I am requesting only one response unless your info differs from a previous poster.

Would everyone be so kind as to paste the links versus the stories. I really love this forum format and would like to get the most out of it. Thanks!

-- July 18, 2004 9:42 AM ∞

EW wrote:

IT'S GETTIN' BETTER EVERYDAY...


-- July 18, 2004 10:43 AM ∞

EW wrote:

ALL - I have updated the Iraqi Dinar trend data which is based upon CBI spreadsheet. Latest data available is 01 Jan 04 thru 17 July 04.

No suprise here for those that follow.

You will not see much of a change since last update, however, take a peek if you are interested!

http://www.geo(removethis)cities.com/iraqidinar2005/IraqiDinarRate.html

-- July 18, 2004 11:58 AM ∞

BO wrote:

http://iraqidinar.blogspot.com/

-- July 18, 2004 1:16 PM ∞

julio wrote:

when is nid supposed to be traded in the states ? what if they decide to change there currency ?

-- July 18, 2004 10:51 PM ∞

dan wrote:

You people need to relax. The currency will go up. All of us who know currency after post war know that everything takes time. The reason why a lot of people did not make millions of the Kuwaiti dinar after the gulf war was because a lot of people did not beleive that the kuwaiti dinar would never regain its value. During the reconstruction of Kuwait the Kuwaiti dinar was 100 KD to 1 US dollar. Just think about the person that said "screw it I will take the stupid chance and pay $2,500 US dollars for 250,000 Kuwaiti dinars. NOW THOES STUPID 250,000 KUWAITI DINARS MADE THIS GUY OVER 800,000 US DOLLARS BECAUSE THE KUWAITI DINAR IS WORTH 3.38 US DOLLARS TO 1 KUWAITI DIANR. SO JUST WAIT GUYS AND WE WILL GET OURS. And when we do we all have to get together and meet each others Ferraris.

-- July 18, 2004 11:09 PM ∞

EW wrote:

First time: Iraq treasuries - July 18, 2004
http://money.cnn.com/2004/07/18/news/international/iraqdebt.reut/index.htm


Whooohhoooo!!!!!

-- July 18, 2004 11:30 PM ∞

EW wrote:

500 projects for investors identified - 19 JULY 2004
http://www.khaleejtimes.com/DisplayArticle.asp?xfile=data/business/2004/July/business_July316.xml§ion=business&col=

-- July 18, 2004 11:42 PM ∞

EW wrote:

Nice Currency Converter - http://red.wn.com/currency/?amount=5125000&c1=USD&c2=IQD&s1=&s2=IQD

-- July 19, 2004 3:03 AM ∞

EW wrote:

Scroll down the following page for Great collection of links to regional newspapers.

http://www.wnmideast.com/

-- July 19, 2004 3:07 AM ∞

jimbo wrote:

HOLY #&%^^#!!!!!! Check out what I found on the Iraqi Stock Exchange info page. Reasons are given as why to invest in the ISX.

1) Operating in a country that will BECOME THE REGION'S FINANCIAL CENTER;
2) Using an EXCHANGE RATE THAT IS INTERNATIONALLY RECOGNIZED as one of the Important emerging markets in the region.
3) Trading in accordance with international standards, in a modern and soon to be fully automated environment.
4) No TAXATION on capital gains.
5) STABLE EXCHANGE RATE LINKED THE US DOLLAR!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
6) Ability to freely remit funds abroad.
7) Open market for foreign investors
and so on and so on....
http://www.isx-iq.net/page/serv.htm

-- July 19, 2004 3:14 AM ∞

EW wrote:

Iraq's big board back in business - July 19, 2004


http://www.cnn.com/2004/WORLD/meast/07/19/iraq.stock.exchange/index.html

-- July 19, 2004 3:14 AM ∞

EW wrote:

Iraq issues first post-war debt - July 19, 2004
http://www.bahraintribune.com/ArticleDetail.asp?CategoryId=5&ArticleId=38423

-- July 19, 2004 3:24 AM ∞

Copedawg wrote:

man, I check out for 1 weekend and everybody left?

-- July 19, 2004 9:32 AM ∞

Breck wrote:

JPMorgan believes Iraq will receive a Paris Club debt write off of 75-80 percent in NPV (net present value) terms and that a Paris Club deal could be signed as early as the third quarter of 2004."

-- July 19, 2004 9:33 PM ∞

rod wrote:

I have also purchased a little over a million dinar for myself and have gotten over 25 million for others in this area. The best site i have found for the rate which is actually 1,239.0295 to one US$dollar is http://www.nbk.com/NBK/TopBar/Rates/rates.htm

this is the national bank of Kuwaits' rate site. they refresh there time at 1400 that is 0500 our time here in central tine zone i check it every morning and it fluctuates from 1239 to 1241.
As to the cpa site it was dissolved on june 28 that is why there site does not show the exchange rate after that date,
I too believe that this is going to be a very very good investment as the once millionaires of iraq will be again and the only way that is going to happen is if the iqd hits for at least prewar amount of 0.33 and i also believe that it will at least go up in value to $1 that is all i can hope for but even at 0.01 i have made money

just my 2 cents

rod

-- July 19, 2004 10:04 PM ∞

jd wrote:

Copedawg everyone is at investorsiraq.com

-- July 19, 2004 11:14 PM ∞

EW wrote:

Baghdad Real Estate Sizzles Amid Chaos - July 19, 2004 -
http://news.yahoo.com/news?tmpl=story&u=/latimests/20040719/ts_latimes/baghdadrealestatesizzlesamidchaos

-- July 19, 2004 11:41 PM ∞

EW wrote:

Iraqi Dinar Rate Is Finally On Yahoo! - It had been sitting at 1455 with no graph. Now it is at 1461.000 and is starting to graph on http://my.yahoo.com/?myHome. If you have Yahoo as your default website and is customized you can put the symbol from the currency converter in as a symbol under Market Summary and you can monitor it each time you open your browser. Cool!

-- July 20, 2004 9:00 AM ∞

EW wrote:

Interesting Read - Pre-New Iraqi Dinar (NID)

Dollar or Dinar? by William L. Anderson



http://www.mises.org/fullstory.asp?control=1217

-- July 20, 2004 1:22 PM ∞

Matt wrote:

Okay, to put this simply. What is going to happen once the currency is changed out for a new one? We have to wait to exchange it back right now. What happens if the currency is changed? You would have to be in Iraq to change it right? Any comments?

-- July 20, 2004 11:52 PM ∞

wisski wrote:

Nice article EW. Look at the date April 2003. Since then the Dinar has changed. We are all buying the new dinars by the truck loads and hoping for riches in the future. Matt do not worry , I bet you already have the new dinar. Once the dinar hits the world market you will be able to exchange it. So sit back and relax for a few years and enjoy this ride that we are all on Wisski in Kuwait

-- July 21, 2004 12:13 AM ∞

jimbo wrote:

If you haven't heard, FedEx has ceased shipments of envelopes? from Jordan, they are inspecting packages trying to stop the flow of Dinars out of Iraq. If you plan on buying more find a dealer already in the U.S. or find a dealer than can use DHL as they are still shipping without inspection of I guess 'envelopes' that may contain Dinars.
Regarding how to cash in Dinars after the re-valuation process, it's quite simple. There are already banks that have branches in Iraq and BofA, WellsFargo and others won't be far behind as billions of dollars are pouring into Iraq. The Iraqi stock exchange is booming. Trade volume up 4 times in 5 days. Stocks up 600% is some sectors. Lucent, Pepsi, cell phone companies...tons of dough flowing in and you know banks aren't gonna be far behind.
Pray for the safety of our troops and the peace and prosperity of Iraq.

-- July 21, 2004 12:44 AM ∞

EW wrote:

Iraqi PM says Zarqawi is mental - July 20, 2004 -
http://www.news24.com/News24/World/Iraq/0,,2-10-1460_1560439,00.html

-- July 21, 2004 12:49 AM ∞

EW wrote:

wisski - I was aware of the date of the article when I posted. I thought it was a good read none the less.

Matt - I don't forsee that happening, however, in the event it did happen, I am sure you could get a visit visa and stay in Kuwait, U.A.E. or you could even visit us here in Bahrain for a day in order to change you money! LOL!

-- July 21, 2004 1:04 AM ∞

EW wrote:

Transcript of a Press Briefing by Thomas C. Dawson
Director, External Relations Department
International Monetary Fund

"...And as we've said in the past, the aim is to have agreement on an economic program sometime in the fourth quarter of this calendar year."


http://www.imf.org/external/np/tr/2004/tr040715.htm

-- July 21, 2004 1:26 AM ∞

EW wrote:

Statement by the International Advisory and Monitoring Board on Iraq—Release of the KPMG Audit Reports on the Development Fund for Iraq - July 15, 2004 -
http://www.iamb.info/pr/pr071504.htm

-- July 21, 2004 1:29 AM ∞

EW wrote:

HSBC Denies Majority Stake in Iraqi Bank - 21 July 2004 -
http://story.news.yahoo.com/news?tmpl=story&cid=568&ncid=749&e=4&u=/nm/20040720/bs_nm/financial_iraq_dc

-- July 21, 2004 1:53 AM ∞

EW wrote:

HSBC Buys Stake in Iraqi Bank - 21 July 2004 - http://www.arabnews.com/?page=6§ion=0&article=48688&d=21&m=7&y=2004&pix=business.jpg&category=Business%22

-- July 21, 2004 1:55 AM ∞

wisski wrote:

EW, So please tell me what kind of rate are you getting in Bahrain on the IQD. Here in Kuwait I am getting 1600 to $1. I feel that I am lucky for that rate.

-- July 21, 2004 2:57 AM ∞

tony wrote:

dinar hits $3.00 read!!!!

http://mm.dfilm.com/mm2s/mm_route.php?id=1899178

-- July 21, 2004 3:58 AM ∞

EW wrote:

wisski - I will have to get back to you on that. It has been a couple of weeks since I bought. I want to say I was getting 1345/dollar last time. I also purchased at another location in town with Bahraini Dinar. I will check my receipts and get back with you.

-- July 21, 2004 4:05 AM ∞

EW wrote:

tony - That was great!!! LMAO!!! I hope art imitates life!!!

-- July 21, 2004 4:07 AM ∞

tony wrote:

=)

-- July 21, 2004 4:15 AM ∞

EW wrote:

wisski - 1393/$1 was the rate I got at time of purchase.

-- July 21, 2004 9:57 AM ∞

EW wrote:

All - I just read a post on "that other board" (by the way it took me ten minutes to find that damn post again which is why I hate Bulletin boards) in reference to why Chase Bank won't touch "Iraqi Dinar Exchange".

Honestly folks, do you blame them? I wouldn't be suprised if the same "indivduals" you spoke with are buying IQD as much as we are, however, as a corporation, not only would it be irresponsible, I would question the legality of it all.

Not everyone is as confident in the Iraqi Dinar as we are. We are taking individual risks.

As a company, they cannot commit to such a risk. They cannot afford to place their optimism ahead of their clients security. I am sure there have been many risky money making opportunities, however, as a whole, the would lose their entire clientele if they were to fail as a result of one persons optimism.

The main tragedy of Enron was the fact that many lost their jobs, their nest eggs, their investments...

Companies don't want to follow that path...

My point! Don't be suprised if companies/banks are not willing participants...

As far a a corporation is concerned...The proof is in the pudding...And that isn't there right now...

-- July 21, 2004 10:20 AM ∞

EW wrote:

For individual investors - We accept the risk and will continue to invest in Iraq's stabilization.

-- July 21, 2004 10:25 AM ∞

jimbo wrote:

Enron is a poor analogy...the books were cooked...the SeC under clinton didn't do their job and allowed Anderson to be both accountants and consultants for enron while bill and ken played golf together and ron brown was negotiating enron contracts in india...not even close to the scenario with the Dinar exchange or recognition thereof.

-- July 21, 2004 4:45 PM ∞

EW wrote:

jimbo - You are probably right. The point I was trying to make is companies typically don't want to end up in the position of screwing over so many people due to poor decisions.

-- July 21, 2004 11:17 PM ∞

EW wrote:

Iraq promises to end secret food import deals - July 22, 2004 -
http://www.khaleejtimes.com/DisplayArticle.asp?xfile=data/business/2004/July/business_July382.xml§ion=business&col=

-- July 22, 2004 1:58 AM ∞

EW wrote:

WAR: TRADE BY OTHER MEANS:
How the US is getting a free trade agreement minus the negotiations - July 20, 2004 -
http://www.zmag.org/content/showarticle.cfm?SectionID=15&ItemID=5916

-- July 22, 2004 7:31 AM ∞

EW wrote:

New license agreement extends MAXIMO role in Iraq (21/07/04) -
http://www.iraqprocurement.com/docs/new363.htm

-- July 22, 2004 7:33 AM ∞

fred wrote:

folks,

Just made arrangements for another purchase through the foks in Charleston, SC. They are closing a 1 billion dinar deal with an entity in Switzerland........must be all of the currency experts and economists that say 'boo' in public and sneak around the back of the barn to make a buy. Why Switzerland.....wonder if someone is repping a group of investors who don't want any publicity.

-- July 22, 2004 11:38 AM ∞

Peter wrote:

what do you mean?

-- July 22, 2004 3:08 PM ∞

ptbarnum wrote:

heehee....
yall are sure proof of pt barnums saying theres a sucker born every day!!
the iraq dinar shall be worthless wallpaper by early next year!!
but like aerosmith sang-dream on!!!
haahaaaaaaaa...

-- July 22, 2004 4:26 PM ∞

yamama wrote:

sure sure!!
the dinar will reallllllyy go back up to $3+ dollars per dinar!!!
MWAHAHAHAHAHAAAAAA
the civil wars and coups will make the bremer dinar burned in bonfires and the new dinar will be a million per dinar!!!
good luck losers!!
wonder why buffet and soros et al wont touch the iraq dinar with a 10 foot pole?
ya community college minimun wagers must know more than them!!
BWAHAHAHAHHAAHHAAAHHAAA

-- July 22, 2004 4:49 PM ∞

Jack wrote:

Yamama - If your brain was even 1/10 the size of a flee's, you would be able to comprehend one thing. Warren Buffet did buy Kuwait dinars during Saddams regime. Read it in his second book. I've read nothing to suggest he did NOT invest in dinars. You claim to know for sure he didn't.

Keep your psycho-babbling negativity off this forum. Your lack of intelligence and knowledge preceeds you pal.

JS

-- July 22, 2004 8:40 PM ∞

EW wrote:

Minister of Commerce states policy dependent on financing (22/07/04) - http://www.iraqprocurement.com/docs/new366.htm

-- July 23, 2004 1:24 AM ∞

EW wrote:

IRAQ ARRESTS 270 IN BAGHDAD - See Sidebar -http://straitstimes.asia1.com.sg/latest/story/0,4390,262974,00.html

-- July 23, 2004 1:51 AM ∞

EW wrote:

Bush green lights arms sales to Iraq - http://news.yahoo.com/news?tmpl=story&u=/afp/20040721/pl_afp/us_iraq_military_bush_040721203308

-- July 23, 2004 1:53 AM ∞

EW wrote: 


REPORT: IRAQ’S TRANSITION TO DICTATORSHIP

Michael A. Weinstein: 7/22/04 

A EurasiaNet Partner Post from PINR.


http://www.eurasianet.org/departments/insight/articles/pp072204.shtml

-- July 23, 2004 1:55 AM ∞

EW wrote:

New Government Frustrates Iraq's Kurds (23JUL04)
 - http://story.news.yahoo.com/news?tmpl=story&u=/ap/20040723/ap_on_re_mi_ea/iraq_kurdish_fears&cid=540&ncid=1480

-- July 23, 2004 1:57 AM ∞

EW wrote:

U.S. Forces Attack Insurgents in Fallujah (23JUL04) - http://www.tallahassee.com/mld/tallahassee/news/9221899.htm

-- July 23, 2004 2:01 AM ∞

EW wrote:

UN role in Iraq is to support its people, Annan and his new envoy say (22JUL04 -
http://www.un.org/apps/news/story.asp?NewsID=11442&Cr=iraq&Cr1=

-- July 23, 2004 2:15 AM ∞

EW wrote:

Failure in Iraq a grave danger for the entire world: Kerry (22JUL04) - http://news.yahoo.com/news?tmpl=story&u=/afp/20040722/ts_alt_afp/us_iraq_vote_democrats_040722162148

Finally some info about how Kerry feels about Iraq. About time.

-- July 23, 2004 2:17 AM ∞

EW wrote:

U.S. Senators Demand Speed-Up of Aid to Iraq (22JUL04) - http://news.yahoo.com/news?tmpl=story&u=/nm/20040722/pl_nm/iraq_usa_congress_dc_3

-- July 23, 2004 2:19 AM ∞

EW wrote:

Iraq National Conference to Convene Next Week -- US (22JUL04) - http://news.yahoo.com/news?tmpl=story&u=/nm/20040722/wl_nm/iraq_usa_conference_dc_1

-- July 23, 2004 2:21 AM ∞

EW wrote:

MORE ON: Senators Seek Faster Iraq Reconstruction (22JUL04) -
http://news.yahoo.com/news?tmpl=story&u=/ap/20040722/ap_on_go_co/rebuilding_iraq_1

-- July 23, 2004 2:22 AM ∞

EW wrote:

Small UN Contingent to Return to Iraq in August (22JUL04) -
http://news.yahoo.com/news?tmpl=story&u=/nm/20040723/wl_nm/iraq_un_staff_dc_1

-- July 23, 2004 2:23 AM ∞

EW wrote:

Iraqi dinar: Speculators beware (17JUL04) - http://www.atimes.com/atimes/Middle_East/FF17Ak01.html

:^!)

-- July 23, 2004 3:31 AM ∞

EW wrote:

Dinar boosted by growing confidence in Iraq’s postwar recovery - http://www.dailytimes.com.pk/default.asp?page=story_13-1-2004_pg5_17

-- July 23, 2004 3:39 AM ∞

EW wrote:

Iraq eyes to export oil through Jordan (22JUL04) - http://news.xinhuanet.com/english/2004-07/22/content_1625975.htm

-- July 23, 2004 3:42 AM ∞

EW wrote:

US looks at 'allies only' Iraq contracts (22JUL04) -
http://news.ft.com/servlet/ContentServer?pagename=FT.com/StoryFT/FullStory&c=StoryFT&cid=1087373896193

-- July 23, 2004 3:44 AM ∞

EW wrote:

Question: - Can anyone tell me if these "NEW" Dinar are the same design as those of the pre-1991 Gulf War currency. The currency before Saddam put his mug on the bills?

-- July 23, 2004 3:54 AM ∞

EW wrote:

Iraqi dinar rises amid smuggling scandals (17JAN04)


Whoaaaa!!! This is an old story, however, it is such a large quantity, I thought it was worth sharing for entertainment purposes...LOL


"...The Lebanese authorities on Wednesday arrested three people in the capital, Beirut, for smuggling 1.5 tons of Iraqi currency in a private plane from Iraq to Lebanon, via Jordan, estimated at more than 19 billion new Iraqi dinars (around U.S. $12 million..."


http://www.upi.com/view.cfm?StoryID=20040117-065442-1758r

-- July 23, 2004 4:04 AM ∞

EW wrote:

Dinar Falls Victim to Violence

Folks, I know this is an old story, however, there was some good reading I hadn't seen previously towards the bottom of the article.

"Until now, the government could not legalise dinars because in order to trade in any currency you need to be able to transfer the currency to and from its respective country," said al-Abyad.

http://ipsnews.net/interna.asp?idnews=24196

-- July 23, 2004 4:07 AM ∞

EW wrote:

Good news from Iraq, Part 5 - Article found via post on http://www.investorsiraq.com


http://chrenkoff.blogspot.com/2004/07/good-news-from-iraq-part-5.html

-- July 23, 2004 4:25 AM ∞

Peter wrote:

what is good news?

-- July 23, 2004 4:40 AM ∞

EW wrote:

Peter - "Good News" is the title of the article.

-- July 23, 2004 4:56 AM ∞

Mike wrote:

Since the post-turnover hype has cooled down, do you think the Dinar prices will go down because of the lack of movement on the world market?

I predict it will probably be available in the neighborhood of $700-800 per mil soon. At least it will be a way for the sellers to hedge their losses and for a few who are lacking confidence to get out while the getting is good.

-- July 23, 2004 8:20 AM ∞

EW wrote:

I feel it may go down, if so, more for me to buy!

I feel the real determining factor for most will be the results of the Iraqi elections, which I believe are scheduled for January. I am not saying immediate results, I am talking 2-3 months after the Iraqi elections. I truely believe it all depends on how well Iraqis embrace democracy. How well they can play together. I can think of three groups that want to ensure they don't feel like they got short changed. Kurds, Sunni, and Shia. Iraq has the suppport they need. It is truely up to them how badly they want Iraq to succeed as a whole.

-- July 23, 2004 9:00 AM ∞

Spc 4 wrote:

Im stationed in iraq presently... I just bought 1 million Iraqi dinars for $784.00 american bucks the other day with no prior knowledge of exchange rates or anything a buddy of mine that is pretty well off from his investments said he was doing it so I said what the hell do I have to lose and did it. well I looked up the exchange rate on XE.com and found that I should have only paid $703.00 bucks for a mil dinar according to the exchange rate on their site so the damn haji took me for $80.00 bucks but I dont feel too bad cause other suckers are payin way more than I did. Besides Im gonna go pay him a little vistit for my $80 bucks. I dont play nice when Im angry.

-- July 23, 2004 8:17 PM ∞

abdullah wrote:

Latest Rate
Yahoo + CNBC arabic financial news

1461 NID = 1 USD

-- July 23, 2004 9:24 PM ∞

abdullah wrote:

I feel the real determining factor for most will be the results of the Iraqi elections


EW

we said that before when US hand the Interm government the rule but no thing happend. But i found out while reading a book about currency trade that Policies matters takes while to effect currency exchange rate not like new currency trader expect.

-- July 23, 2004 9:29 PM ∞

EW wrote:

abdullah - I am with you there. I question the number of policies this pre-election government can put in place and what changes or additional policies, if any the elected government of Iraq will make that will affect the exchange rate.

I would like to know when they plan on putting the currency on the foriegn exchange. Maybe not so much a date, but, which conditions or goals are they trying to meet before they put the currency on the foriegn exchange and allow the currency to leave Iraq legally.

-- July 24, 2004 1:31 AM ∞

Brent wrote:

Well people Im here in Balad and as far as the dinar goes on the 17th iraq sold there gold bonds of 150 billion in a record setting hour, they I believe were in debt of around 120 billion and a few other countries have written off a good portion of debt as well, the world bank is here the ISX is back up and making record sales, now for the clincher, there are numorous countries out here that will not let this countries currency fail, these poeple have waited long enough and have come this far, do you really think
for a momment that it will fail?? Good luck to all those whom invested in the dinar, take care and god bless, it will happen.

-- July 24, 2004 4:54 AM ∞

Breck wrote:


FROM THE OFFICE OF PUBLIC AFFAIRS

To view or print the PDF content on this page, download the free Adobe® Acrobat® Reader®.

April 15, 2004
js-1335

Report to Congress on International Economic and Exchange Rate Policies
April 2004

This report reviews developments in international economic policy, including exchange rate policy, focusing on the second half of 2003. The report is required under the Omnibus Trade and Competitiveness Act of 1988, which states that: “The Secretary of the Treasury shall analyze on an annual basis the exchange rate policies of foreign countries, in consultation with the International Monetary Fund, and consider whether countries manipulate the rate of exchange between their currency and the United States dollar for purposes of preventing effective balance of payments adjustments or gaining unfair competitive advantage in international trade.”

For the purpose of assessing whether an economy is satisfying the terms of the Act, Treasury has traditionally undertaken a careful review of the trading partner’s exchange rates, external balances, foreign exchange reserve accumulation, macroeconomic trends, monetary and financial developments, the state of institutional development, and financial and exchange restrictions. Isolated developments in any area do not typically provide sufficient grounds to conclude that exchange rates are being manipulated under the terms of the Act. A combination of factors, on the other hand, can and has in the past led Treasury to find that certain countries had satisfied the terms of the Act.

After reviewing developments in the United States, the report examines exchange rate policies in major economies across five regions of the world: (1) the Western Hemisphere, (2) Europe and Eurasia, (3) Africa, (4) the Middle East and South Asia, and (5) East Asia. To summarize, the report finds that:

Economies around the world continue to follow a variety of exchange rate policies, ranging from a flexible exchange rate with little or no intervention to currency unions and full dollarization. For example, Canada follows a flexible exchange rate regime with no intervention, twelve countries are members of the European Monetary Union, and El Salvador and Panama use the U.S. dollar as their “domestic” currency.
A notable trend observed over the past several years is the move by many economies to adopt flexible exchange rates, combined with clear price stability goals and a transparent system for adjusting monetary policy instruments.
The report finds that no major trading partner of the United States met the technical requirements for designation under the Omnibus Trade and Competitiveness Act of 1988 during the second half of 2003. The report notes that while a number of economies continue to use pegged exchange rates and/or intervene in foreign exchange markets, a peg or intervention does not in and of itself satisfy the statutory test. Treasury has consulted with the IMF management and staff, as required by the statute, and they concur with our conclusions. The Administration strongly believes that a system of flexible, market-based exchange rates is best for major trading partners of the United States.
Treasury is continuing to engage actively with economies and to encourage, in both bilateral and multilateral discussions, policies for large economies that promote a flexible market-based exchange rate combined with a clear price stability goal and a transparent system for adjusting policy instruments. In this light, the communiqué of the G7 Finance Ministers and Central Bank Governors in February of this year stated: “…that more flexibility in exchange rates is desirable for major countries or economic areas that lack such flexibility to promote smooth and widespread adjustments in the international financial system, based on market mechanisms.”
The United States International Accounts

The growth of the U.S. current account deficit over more than a decade has been linked to increasing levels of domestic U.S. capital formation. Perceived high rates of return on U.S. assets, based on strong productivity growth relative to the rest of the world, combined with an efficient U.S. capital market to attract foreign investment. This helped finance U.S. investment and worked to increase the current account deficit.

The current account deficit is conceptually equal to the gap between investment and saving as a matter of international accounting. When investment in the United States is higher than domestic saving, foreigners make up the difference, and the United States has a current account deficit. In contrast, if saving exceeds investment in a country, then that country has a current account surplus as its people invest abroad.

In the second half of 2003, for example, the U.S. current account deficit was $503 billion (at a seasonally adjusted annual rate and on a national income and product accounting, or NIPA, basis) or 4.5% percent of GDP. This $503 billion deficit equaled the gap between $2,079 billion in investment and $1,575 billion in saving[1]. That is, U.S. domestic investment was $503 billion more than domestic saving with net foreign investment making up the difference.

Viewed in these terms, the $55 billion increase in the U.S. current account deficit in 2003, measured on a NIPA basis, was caused by a $91 billion increase in investment outstripping a $36 billion increase in saving. The increase in investment was a key factor in the acceleration in U.S. economic growth during 2003. Overall, real GDP grew at an 8.2 % annual rate in the third quarter and 4.1% in the fourth. Consumer spending increased sharply, but growth became more balanced over the second half as business investment in equipment and software increased at double-digit rates.

The current account was $526 billion in deficit (at a seasonally adjusted annual rate and on a balance of payments basis[2]) in the second half of 2003. How has the deficit been financed? The largest single balance of payments component financing the current account deficit has recently been net private foreign purchases of U.S. securities, which reached $335 billion in the second half of 2003. (Included in these were net private foreign purchases of U.S Treasuries amounting to $141 billion.) In addition, foreign official institutions increased their U.S. assets by $219 billion.

Viewed over a longer period, the U.S. current account deficit rose, as a percent of GDP, from the first quarter of 1991 to reach a temporary peak of 4.4% in the fourth quarter of 2000 before beginning to contract as domestic and foreign activity weakened. The current account deficit began to widen again in the first quarter of 2002 with the recovery of the U.S. economy although it appears to have reached at least a temporary plateau, in the neighborhood of 5% of GDP, over the last seven quarters.

Due to the current account deficit the net investment position of the United States (with direct investment valued at the current stock market value of owners’ equity) fell to a negative $2.6 trillion as of December 31, 2002, the latest date for which data are available, from a negative $2.3 trillion at the end of 2001. Despite a large negative position, U.S. residents earned $22 billion more on their foreign investments in 2003 than foreigners earned on their U.S. investments. These positive net income receipts are the result of large net inflows of income from direct investment offsetting net outflows of income on portfolio investment.

The U.S. Dollar

The Federal Reserve Board’s “broad” nominal dollar index declined 3.9% during the second half of 2003. The dollar declined 7.9% against the “major” foreign currencies (the currencies of seven industrialized economies) while rising 1.2% against “other important trading partners” (largely currencies of emerging market economies). The broad index declined 12.9% from February 27, 2002, when it reached its recent peak, through December 31, 2003.

Inflation remained subdued during this period. The consumer price index rose 1.9% over the 12 months of 2003 and the core inflation rate (excluding food and energy items) was 1.1%, the smallest increase in core consumer prices since 1966. The Federal Reserve has held the target federal funds rate at 1.0% since June.

As discussed below, the currencies of different economies showed varying degrees of flexibility relative to the dollar, as some monetary authorities sought to dampen or prevent movements of their exchange rates against the dollar while others did not intervene at all. The United States did not intervene in foreign exchange markets during the second half of 2003.

Western Hemisphere

Interest rate spreads between the Latin American component of the JPMorgan Emerging Markets Bond Index (EMBI+) and U.S. Treasury securities continued their downward trend, falling from 662 basis points at the end of June 2003 to 518 basis points by year end. The Latin American economies appear to be undergoing a recovery, with regional real GDP growth estimated at around 1.5% in 2003. The region’s current account turned to an estimated surplus of 0.2% of GDP in 2003. Canada’s economy slowed in 2003 with real GDP growth of 1.7%, while its current account remained relatively unchanged at a surplus of 2.1% of GDP.

Middle East and South Asia

Growth in the Middle East and South Asia was robust in 2003, supported by high oil prices and a quick resolution of economic uncertainties stemming from the conflict in Iraq. Oil exporting countries accounted for much of the growth, although non-oil exporting countries also experienced modest growth. With the substantial increase in the average oil price and export production volume for 2003 relative to 2002, current account surpluses skyrocketed in the oil exporting nations. Saudi Arabia’s current account surplus, for example, more than doubled from 2002 to 2003 to reach close to 13% of GDP. The majority of countries in the region maintain pegged exchange rate regimes, with many, including the Gulf Cooperation Council countries, explicitly tying their currencies to the dollar.

The Indian rupee appreciated 1.9% in nominal terms against the dollar and 1.3% on a real trade-weighted basis in the second half of 2003. India’s overall economy grew by an estimated 8.1% in 2003, compared to 4.2% in 2002, while inflation remained low at 5.4%. Despite a significant trade deficit, the current account showed a small surplus of $1.7 billion (0.4% of GDP) in the first three quarters of 2003, due to robust services earnings and transfers, compared to a surplus of $4.3 billion (1.3% of GDP) during the same period in 2002. The U.S. bilateral merchandise trade deficit with India for the second half of 2003 totaled approximately $4 billion – matching the trade deficit for the first half of the year. Foreign exchange reserves continued to increase. Foreign exchange reserves were $96.5 billion at the end of 2003, up from $78.2 billion at the end of June 2003. Indian authorities have also taken a number of steps to reduce upward pressures on the currency. In February 2004, Reserve Bank controls on capital outflows were loosened to allow resident individuals to invest up to $25,000 per year abroad without prior approval. Authorities also used growing reserves to prepay over $3 billion in external debt in 2003.

Turkey and Israel have flexible exchange rates. The Turkish lira was relatively flat between the end of June 2003 and the end of December 2003, but appreciated 17.9% in nominal terms against the U.S. dollar and 6.4% in real trade-weighted terms in 2003, due primarily to large capital inflows as confidence in the government’s economic program increased. Real GNP grew 5.9% in 2003, and inflation fell to 18.4% from 29.7% in 2002. The current account deficit in 2003 increased to 2.9% of GNP from 0.8% of GNP in 2002, with the strong real appreciation of the Lira helping import growth in intermediate and capital goods outpace strong export growth. Gross foreign exchange reserves grew $4.5 billion in the last six months of 2003, reaching $33.6 billion by end-December (or 79% of short-term external debt, residual maturity basis) as the lira’s strength gave the central bank an opportunity to build up reserves.

The Israeli shekel was relatively stable against the dollar in nominal terms, but depreciated 5.8% in real trade-weighted terms, during the second half of 2003, following 8.9% nominal dollar and 1.9% real trade-weighted appreciation in the first half of the year. GDP in Israel grew only 1.2% in 2003, following a slight contraction in 2002. Meanwhile, prices contracted 1.9%. Foreign exchange reserves climbed steadily in the same period, up 4.9% to $25.6 billion by end-December (or 88.6% of short-term external debt) from $24.4 billion at end-June. The increase in reserves was largely a result of an improved current account position and the issuance of dollar-denominated bonds guaranteed by the U.S government. The current account ended the year nearly balanced for the first time since 1990.

The Egyptian pound depreciated 23% in nominal terms against the dollar from January to June 2003, following the Egyptian government's announcement that the pound would float. The pound has remained close to LE6.2/$ since June. The differential between the official and parallel market rates reported in the press widened by 10 percentage points to approximately 15% by year-end. The current account surplus continued to expand during the second half of 2003, reaching 1.9% of GDP in the third quarter compared to 0.1% in the same quarter the year before. The growing current account surplus was due to a strong upswing in tourism receipts and the narrowing of the trade deficit, which resulted from increased oil and gas revenues and the depreciation of the Egyptian pound

-- July 25, 2004 12:06 AM ∞

Breck wrote:

Statement by Treasury Secretary John Snow Following Bilateral Meeting with Iraq

Federal Reserve Chairman Alan Greenspan and I had a very positive and constructive meeting with the Finance Minister of Iraq, Kamel al-Kaylani, and Central Bank Governor Sinan Al-Shabibi this morning. Both Iraqi officials reported that economic progress continues to take place in their country and I was pleased to hear about the ongoing economic and financial reconstruction.

The Iraqi delegation underlined that their reforms are already bearing fruit, will continue, and will last beyond the transition. Some of the most important achievements include the introduction of a new and unified national currency, increased transparency in economic policymaking, deregulation of interest rates, and the creation of new and growing opportunities for foreign banking activity. Work in progress for the creation of a T-bill market was also very welcome news. I commended Minister Kaylani and Governor Shabibi and the entire Iraqi people for their excellent progress.

-- July 25, 2004 12:13 AM ∞

Q wrote:

thanks for the news breck

-- July 25, 2004 12:56 AM ∞

Q wrote:

thanks for the news breck

-- July 25, 2004 1:09 AM ∞

noel wrote:

I was thinking of looking into opening a bank account in Iraq so as to protect my dinar from a possible currency change after elections. The money would obviously automatically change to the new currency if in the hands of a bank. I'm thinking about putting in half. Does anyone with well-founded knowledge or an opinion think this is a good idea, is it feasible right now and how would I go about doing it safely. It would be earning interest instead of just sitting in my safe-deposit box and I could rule out what I feel is the only threat to our investments. I look forward to a lot of feedback.

-- July 25, 2004 8:21 PM ∞

tony wrote:

if you allready bought your dinars its to late you cant deposit them back in all you can do is open 2 accounts 1 in u.s cash the other in iraqi dinar then wire the u.s cash in your account and they will take it out and deposit it into the dinar account.

-- July 25, 2004 9:27 PM ∞

Ian wrote:

Quick question.. what type of taxes will I have to pay when I cash in my Dinar..? I have no interest in avoiding taxes.. Will it be considered income?.. ie. state and fed taxes.. or just capital gains.. which I believe is 15%.. thanks for the help.. You guys have me freakin out about the 25,000 notes .. I have a couple mil. in that .. hope it doesn't go away..

By the way I'm stationed in Iraq right now.. one more freakin month to go and I'm outta here.. I hope the Dinar hits and makes this nightmare all worth while.. It's been one hell of an experience.. Can't wait to get home..

-- July 26, 2004 8:51 AM ∞

Kevin wrote:

Ian, Don't worry about the larger notes. If there is a time when Iraq plans to phase-out the larger notes for public transactions, you will have a window of time to convert/deposit for face value. The larger notes (25000) are primarily for real estate and other commercial purchases/investments. If Iraq plans on changing currency all together, again - you will have ample time to convert the existing to any newly introduced currency. NOTE: It cost billions to print this currency, so any plans to change it in the near future would be "HIGHLY" unprobable. No worries at all to both your concerns. It would be devasting & insulting to the Iraqi people to do that again, then leave them with worthless currency in the process. It won't happen.

About TAXES: The profit made on a casual dinar sale while traveling is not taxable. Amounts of 10,000 usd and above are reported to the government via a CTR (Currency Transaction Report). This is to prevent money laundering among other crimes.


Here is the IRS link on Capital Gains:
http://www.irs.gov/newsroom/article...=106799,00.html

IRS on Currency Transaction Reports
http://www.irs.gov/irs/article/0,,id=112227,00.html

IRS on money laundering:
http://www.irs.gov/irs/article/0,,id=113003,00.html

When you buy and hold a foreign currency with the intentions of an investor you will have to pay the capital gains tax (currently 15%) on any profit you make minus your basis and other transaction costs, etc. This tax was recently reduced from 20% as part of GW Bush's tax cuts.
You pay this tax as part of you annual Federal Tax Return line 13a. You may be required to prepare a schedule D along with your 1040. Any tax preparer can help you with this. H&R Block is an afordable service that provides up to the minute information and consistency in filing guidelines across their network.

GW Bush 2004

Kevin

-- July 26, 2004 10:34 AM ∞

Renee Byrd wrote:

We just purchased some of this Iraq dinars. How can I find out how it is doing? Where is a good place to see about it? And what is the value now on this? Has it gone up any lately?

-- July 26, 2004 9:51 PM ∞

Reuel wrote:

Hi:
I need some advice on investing in Iraqi Dinars. I am an Indian living in the UAE. If I buy Iraqi Dinars in what way will I be profited, Since the dollar gives me a better price against the rupee compared to the Iraqi Dinar? When the Iraqi dinar picks up so will the rupee against the dollar. So will it not rather be a waste of money on commissions to agents If I buy the Dinar and then convert it into Rupees? I don't think that it is a very good idea to invest in Dinars, if the same value or better is available in Dollars, is it?
thanks,
Reuel

-- July 27, 2004 12:36 AM ∞

Ian wrote:

Kevin,

Thanks for the info.. I appreciate it.. and feel a bit better about the 25k notes..

Good luck to all that have invested in the Dinar!

-- July 27, 2004 2:06 AM ∞

JJJ wrote:

Dinar Forum:

http://www.investorsiraq.com/

-- July 27, 2004 7:32 AM ∞

EW wrote:

noel - That is an excellent idea! That is exactly what happened the last time they changed from the Saddam Dinar to the New Iraqi Dinar (NID).

Folks had that had Saddam Dinar in hand were given a 3 month period to change it, however, those with money in the bank, it automatically coverted.

I know a lot of folks are getting bank accounts for the purposes of the ISX, however, I don't ever remember seeing anyone mention this as an alternative incase they did switch currencies. I am sure alot of them will feel reassured by this extra benefit.

I am going to submit that info to the http://www.investorsiraq.com/ forum with all due credit.

-- July 27, 2004 10:03 AM ∞

EW wrote:

Reuel - Kasahay! - down in the U.A.E.


You are not making money by converting from one currency to another right away.


I don't know what the Rupee is compared to the dollar, however, it is irrelevant. For explaining the benefit to you, here is an example, the purpose of this forum is this.


Say today: 1 Rupee = 1 Dollar = 1000 Dinar
5 Years from now: 1 Rupee = 1 Dollar = 50 Dinar
Do you see the benefit. This is not an overnight deal. And may not ever come to being. This is risky and you should only purchase what you can afford to put away in an investment for 5+ years or what you can afford to lose altogether (worse case scenario).

-- July 27, 2004 10:13 AM ∞

looosers wrote:

MWAHAHAHAHAAAA!!!!
DINAR DUPES!!!
YALL MUST BE WONDERING WHY EVERYONE IN THE MIDEAST IS SELLING DINARS FOR SUCH LOW PRICES!!
THEY ARE THERE YET THEY ARENT HOLDING ON TO THEM BUT DUMPING THEM ON IGNORANT AMERICANS!!!
AT LEAST YALL HAVE COLORFUL TOILET PAPER!!!
BUT BET YALL INVESTED IN THE ARGENTINA PESO A FEW YEARS AGO!!
SUCKERS!!!
KEEP DREAMING!!!
LOTTERY TICKETS HAVE A BETTER CHANCE!!!
AND NAME YALL NEW YACHT THE LEAKY DINGHY!!!
BWAHAHAHAHHAHAAAA!!!

-- July 27, 2004 3:50 PM ∞

hosed wrote:

OMG! Did jb.trader on ebay skipped town? :'(

http://feedback.ebay.com/ws1/eBayISAPI.dll?ViewFeedback&userid=jb.trader

-- July 27, 2004 6:08 PM ∞

jimbo wrote:

yes...jbtrader is the latest gossip subject...he had no current member status on Ebay so i'm guessing those that purchased recently may be out of luck...jaki2000 on ebay...don't waste your time with other sellers.

-- July 27, 2004 11:47 PM ∞

looosers_is_a_moron wrote:

looosers,

How do you like your crow? Well done, medium, or rare! See you in 10 years so I can serve it to you personally!!! LMAO

-- July 28, 2004 4:49 AM ∞

Im here wrote:

I was initially thinking about buying Dinars from an aquantance in Kuwait for $750.00 I could have got a Million, now that same Mil goes about $715. Im here in Iraq. The Dinar will lose. Soldiers are being killed. These people are used to tyrants and couldnt begin to even react to freedom. They think freedom is being able to wear a NIKE hat. The people are lazy...lazy....lazy. These people have been fighting forever. They only know fear. They will never let thier Women vote,work, drive or even go outside. They do not value life...only what is thiers. The only Iraqis that pretend to care for americans are those who we employ (hence the KBR blinders)....they would stab us in the back in a minute. (the reason KBR people are touting dinar investment is because they are selling them to you idiots and getting rich.) The terrorist are gaining favor with the populas. Reality is....Bush and the republicans will probably not fight to hard to be reelected as he knows this is a loss, why not just let Kerry get elected, and let the Democrats take the historical blame for Iraq ? Because thats when its going to fall apart. Then after the entire middle east is annihilated by one another fighting for Iraqs oil, who will buy your Dinar? Its worthless....and thats not an opine........its fact.

-- July 28, 2004 7:29 AM ∞

Ian wrote:

IM Here,

I'm stationed here in Iraq and run up and down the highways everyday.. I see a crap load of stuff .. You are right about military personel losing their lives.. and I wish Iraq would take more of a role in this situation, however a couple of corrections.. women do work here.. in fact they do 99.9% of the field work.. I've personally seen them harvesting fields every day.. 10,000 women have been hired for the new Iraqi Army and are currently being trained.. The University of Iraq just graduated 32 women doctors, attorneys, acoountants etc. they are moving in the right direction.. slowly ... but they are..

How do you explain the value of the Dinar (Pre-Gulf 1 Dinar = $3.31) ... it is going to go up... bottom line, if it just goes up to 1 dinar = 1 penny we have made a great return on a small investment... Patients is the key..

-- July 28, 2004 8:21 AM ∞

EW wrote:

IAN - Absolutely!

-- July 28, 2004 10:09 AM ∞

casca wrote:

In response to 'Im here'. For those who have been serving SINCE Vietnam........I think there is a 'dink' in the wire.....

-- July 28, 2004 10:24 AM ∞

fredo wrote:

Hello all... Just recieved yet another shipment of 25K NID, but unlike the others recieved from our friends in Jordan, these came from Bahrain. They are obviously authentic, but many have staple holes in them and writing upon them. Is this a problem?

-- July 28, 2004 10:25 AM ∞

chad wrote:

IM HERE

Maybe physically but not mentally. Let me guess you were in the Michael Moore Movie crying like a little bitch.

-- July 28, 2004 11:09 AM ∞

getreal wrote:

grow a brain suckers!!
am so sure the kurds and shiites and sunnis will iss and make up!!!
and the insurgents and terrorists wont keep blowing things up!!
why not invest in a pawn shop in the south bronx or a candy store in newark?
the bremer dinar will be burned just like saddams was.
whoever comes into power there will choose a new currency.
if america was invaded and the invaders installed a currency,
not many americans would want to keep it!!!
but the americans fighting for their freedom would also be called "terrorists"by the invading country!!

-- July 28, 2004 1:00 PM ∞

timmy tortellini wrote:

Your a tool getreal. Stay off this blog and go wallow in your own world of negativity and despair, or better yet, just end it all right now. Sounds like you'll be better off that way douchebag!

-- July 28, 2004 3:05 PM ∞

uglyamerican wrote:

timmy faggot name tortellini is a typical dumb guinea greaseball wop.
bahfongoo dumb ugly american wop!!!
the whole world chanting osama!osama! and 9/11s every day! must make yall hicks feel good!!
MWAHAHAHAHAAA!!
THE WHOLE WORLD CANT WAIT FOR THE NUKES BURIED UNDER YOUR CITIES AND THE VIRUSES PLANTED ALL OVER YOUR COUNTRY TO GO OFF!!
AMERICA WILL REMEMBERED AS THE ONLY COUNTRY IN WORLD HISTORY THE WHOLE WORLD HATED WITH THE ONLY GENETIC UGLY AMERICAN MUTTS THE WHOLE HUMAN RACE CONSIDERED BORN KILLERS AND RAPISTS!!!
THE DAY YALL INBREDS DIE WILL BE THE DAY THE WHOLE WORLD CELEBRATES EVERY YEAR!!
MWAHAHAHAHAHHAHAAAAA!!!!

-- July 28, 2004 4:42 PM ∞

TrashBucket wrote:

man, this is getten ugly! SPRECHEN of UGLY, you are so far off. I am surprised that you are using such big words and have such a big imagination for someone with a 4th grade education and the maturity of a 13 year old. You must have spent 3 days to come up with that. So, looosers or uglyamerican or who ever you will come back as just keep writing so we can trianglate (look it up), then wait for the blue screen.

-- July 28, 2004 5:12 PM ∞

Kevin wrote:

Everyone - I have to tell you, this UGLYAMERICAN or is it LOOOSERS who has entered his comments makes me laugh very hard. The way I see it, it only makes me feel so good and so much more superior "Intellectually" each time I read this poor souls ramblings. Aside from laughing so hard, I kind of feel sorry for the obvious disability he has (maybe a disabled Vietnam vet who took a mortar on the head or some other form of traumatic brain injury). We really can't be sure. Lets not be too hard on him. Just let it make your day like I do. A good laugh never hurts anyone. Cheers to all those dinar investors. Have a good one.

-- July 28, 2004 8:58 PM ∞

Dorothy wrote:

Does anyone know if there is any changes in the Dinars lately? What is the predictions on this money and where can I find out about their changes and how do I know if the change is good or not. Anyone know anything that can help me better understand about this Dinar money and what the value is to the American dollar.

-- July 28, 2004 10:10 PM ∞

Danguz wrote:

My brother is over seas in Iraq and I guess the buzz is that in January there is going to be movement in the Dinar, right now you can't do anything with it other than to buy it and sell it in Iraq. However after the elections in January 2005 it will all change, which could mean it starts trading in the public exchanges.

So in 5 months I'll see if my brother is right.

You can find the exchange rate here:

http://finance.yahoo.com/currency/convert?amt=1&from=USD&to=IQD&submit=Convert

-- July 29, 2004 3:39 AM ∞

jimbo wrote:

The best ways to track dinar and Iraq progress are at these web pages:
www.iraqdaily.com
www.imf.org/external/country/IRQ/
www.khaleejtimes.com/sectionhome
www.isx-iq.net/page/serv.htm
www.portaliraq.com
www.iraqprocurement.com/index.htm


-- July 29, 2004 5:19 AM ∞

Im Here wrote:

Its sad that cranky old Viet Nam vets that were in this same situation years ago have to take stabs at us fighting this one. Yes there is a "Dink in the wire" and apparently Casca is the Jane Fonda (just a jest, dont get mad) supporter of this one. He dosnt even have the sack to use the term "GOOK" which he knows he used back then....at least he was polite enough to be politically correct...maybe he has matured since the nam?
I do have hope for this country....I pray that it suceeds. It really is great to see the children run out and wave, thumbs-up, and even give the devil horn signs to our convoys as we pass. Never before in history has the chance for freedom and peace been so apparent as today..right now. I just dont believe that we are doing enough to push it over the edge. Yes I did watch the Micheal Moore movie....it was an attack on George Bush and fed the Liberals all the crap they could eat. But it was more than the rest of the media outlets care to show the public. I just dont think that without the rest of the world on our side we (a christian nation)can win over the Iraqi people from the islam based terrorist, and its not about religeon its about affiliations and cultures that we are not in tune with. I dont have an answer or a strategy to win or get us out of here. I do know that our (military) leadership is trying very very hard and communicating with the local leaders,,to have them resist threats from terrorist organizations.
Yes Women work in the fields and are getting educations... in the major cities they even have real jobs. But they still get beat on a regular basis, have to take a backseat to men, it will be a long time before they are treated as equals.
Another thing...The average Joe sees this as a war to support the rich (KBR/Haliburton etc.) as well as a way for has been retirees to get a boost to thier meager retirements. Its real sad to watch these civilian merceneries in thier suburbans roll 70 MPH down Tampa so they can get the next meal in the "Green Zone" and walk around with thier desert eagle on "Red" so they can order the latest gadget from Ranger Joes. Oh yeah...by the way....unless you are totally buff....do not wear the new Under Armour skin tight wick-dry t-shirts. its frigging Hillarious watching some 40 somthing with a spare tire and nipples try to pack his gut into a size XS skin tight t-shirt.

-- July 29, 2004 6:57 AM ∞

Sid wrote:

Is there any new news on which banks in the states will be exchanging NID when it opens on the world market. I read somewhere that Chase would not. I have contacted Wachovia in Atlanta, still waiting for a reply. I heard a nasty rumor the other day that the NID was going to open at 2-3 cent(some educated economist).Still a reasonable profit,but not enough for my new boat.

-- July 29, 2004 11:11 AM ∞

casca wrote:

'Im here' apparently doesn't read closely either. I referred to those serving since RVN. That means all of us who served there and continue to serve. You know, Grenada- when you were potty training-, P'ma, Desert Storm (desert one- if you know that one), the Mog and other places. Yea, some guys got out after RVN, did some college and came back. And no, we are not the out of shape troops you described....I wonder just what kind of shape you are in. It is a difficult time sweating it out and sending email. I have enjoyed it since I got back in May, but didn't have the chance while deployed- like some lucky folks. I have to honestly say that I haven't been in a base that had that luxury. Got A/C too? It sucks over there and it is very dangerous in some spots all of the time and all spots some of the time. I guess it just matters where you are.....Oh, by the way, those old fat guys with the gadgets? Those are issued for the most part, and they didn't get those jobs because of their email posting skills, most of them are SOF guys- with a lot of experience. So, if you are looking for a job after you get back, see your Ranger/SF/SEAL recruiter. After you have grown-up there and if you are real healthy, you know what I mean-look good in your underarmor- then go see the boys 'across the fence'. Naw, I apologize, those jobs are for barrel chested freedomfighters. Be careful and be proud of what you are doing over there, we all appreciate your service.

-- July 29, 2004 12:51 PM ∞

Im Here wrote:

Casca,
No need to get personal, Im sure you are a Barrel Chested Freedom Fighter, and I dont feel the need to justify my career of 19 years to you or anyone else. Its not what you've done so much as what you are doing right now and like you said, I am proud of what Im doing so I will be careful and appreciate your appreciation and am honored to serve, I apologize, I was a little brash when describing the retirees. Its just where the hell do they find the time to put moose in ther hair?
I just dont know about this get rich quick stuff...I hope it pans out as I am considering purchasing Dinar, even if I invest 700-800 i've lost more in a day at the crap table so I guess its worth the risk.
I do have AC but only turn it on when the engins running, MANTECH does an outstanding job of keeping it charged. I just think that no matter how bad I got it some poor SOB always has it worse. Things are improving all the time on the FOBs but the situation on the outside is looking grim. I guess only time will tell, but its looking like its going to get worse for a while.
Saying that I think the Dinar will fall a little more against the dollar. I consider myself to be in great shape but all the guys look at me allready in my normal T-shirt (my nipples get hard really easy) (34C) I wouldnt dare wear one of those tight ones maybe on R&R with some daisy dukes and some pumps. Maybe my email address threw you off.

-- July 29, 2004 1:22 PM ∞

casca wrote:

Im here,

O. K.

-- July 29, 2004 2:24 PM ∞

kevin wrote:

Investing in the new currency is speculation, just like any other investment. No one really knows. NO guarantee's...I see it like investing in a particular company (Iraq is our company). Even though there are several challenges that require time to resolve, the LONG-TERM is what each of us should focus on. This is no get-rich QUICK investment, although I truly believe it will produce a nice return in a relatively short-term (12-18 months)- (.05 to .10 cents/$1 US). Iraq sits on an ocean of oil, holds an overwhelming supply of natural gas, figs, palm tree's, water (Euphrates & Tigris rivers), an agricultural potential difficult to compehend and very determined/proud people. Potential for longer-term: .40 cents to $1 plus (2-5 yrs out). The Iraqi Stock Exchange is going crazy with only 27 companies, with another 100 companies jumping on board very soon. Yep, I think this company holds great potential once the current smoke cloud clears. Patients & Time. Good Luck to All Who Invested..

Kevin

-- July 29, 2004 3:01 PM ∞

dan wrote:

ATTENTION EVRYONE YOU CAN START AN ACCOUNT WITH BANKS IN IRAQ. I have started one with Warka Investment bank. LISTEN, If the dinar is change d to a different currency. you will not have to go to Iraq to Exchange it. If you have an Warka Investment Bnak account once the Iraqi dianr starts to gain value HIgh denominations of Iraqi dinar will be be dismised as legal tender such as the 25000, 10000, 5,000 . You will afcourse get a time period of 3 months to do so. If you have an account then The Iraqi Dinars that you put in that account will atamatically will be given to you in the currentcy type that is allowed at that time.
Example:
if you have 1 25000 Iraqi dinar note you would have to go to iraq and exchange it for 2 10000 Iraqi dinar notes and 1 5,000 Iraqi Dinar note. But if you have an an savings account with an Iraq bank like Warka iinvestment bank then it will automatically be done for you. You will not have to go all the way to Iraq. And you know what the best part is. When you open accouns with the bank it is best to open a Dollar savings account and an Iraqi Dinar account. Warka will buy Iraqi dianr at the value that the Central bank if Iraq outs it out for that day. And they are also on the ISX board. I am going to start ivesting in their bank as soon as I am allowed to.
Here is the email address you can use to get a hold of Warka Investment bank warkabank@hotmail.com or warkabank@yahoo.com.

If you want to open any type of account with them you have to send them a copy of your drivers license with your picture on it. A letter that states that you want A dollar account and an Iraqi Dinar account and one nmore thing. Iforget bt if you want to call them Just ask for Randda B. Al-Shakir. The number for the bank Is 964(country code) 1 717-2045. They will answer in their Iraqi language so just keep saying the word English and Randda's name. The bank is also on the cpa.gove page. Oh and by the way teh Iraq Stock Exchange is the fact of the day on thewhitehouse.gov page. Soon all of our money problems will be answerd and we will never have to work ever again. Friends will are creating a great future and in order to acomplish our goals we must stick together.

-- July 29, 2004 5:19 PM ∞

dan wrote:

ATTENTION EVRYONE YOU CAN START AN ACCOUNT WITH BANKS IN IRAQ. I have started one with Warka Investment bank. LISTEN, If the dinar is change d to a different currency. you will not have to go to Iraq to Exchange it. If you have an Warka Investment Bnak account once the Iraqi dianr starts to gain value HIgh denominations of Iraqi dinar will be be dismised as legal tender such as the 25000, 10000, 5,000 . You will afcourse get a time period of 3 months to do so. If you have an account then The Iraqi Dinars that you put in that account will atamatically will be given to you in the currentcy type that is allowed at that time.
Example:
if you have 1 25000 Iraqi dinar note you would have to go to iraq and exchange it for 2 10000 Iraqi dinar notes and 1 5,000 Iraqi Dinar note. But if you have an an savings account with an Iraq bank like Warka iinvestment bank then it will automatically be done for you. You will not have to go all the way to Iraq. And you know what the best part is. When you open accouns with the bank it is best to open a Dollar savings account and an Iraqi Dinar account. Warka will buy Iraqi dianr at the value that the Central bank if Iraq outs it out for that day. And they are also on the ISX board. I am going to start ivesting in their bank as soon as I am allowed to.
Here is the email address you can use to get a hold of Warka Investment bank warkabank@hotmail.com or warkabank@yahoo.com.

If you want to open any type of account with them you have to send them a copy of your drivers license with your picture on it. A letter that states that you want A dollar account and an Iraqi Dinar account and one nmore thing. Iforget bt if you want to call them Just ask for Randda B. Al-Shakir. The number for the bank Is 964(country code) 1 717-2045. They will answer in their Iraqi language so just keep saying the word English and Randda's name. The bank is also on the cpa.gove page. Oh and by the way teh Iraq Stock Exchange is the fact of the day on thewhitehouse.gov page. Soon all of our money problems will be answerd and we will never have to work ever again. Friends will are creating a great future and in order to acomplish our goals we must stick together.

-- July 29, 2004 5:19 PM ∞

frank wrote:

warka has a hotmail email address? is this legit?

-- July 29, 2004 6:00 PM ∞

Kevin wrote:

Dan,

I agree with Frank. Warka@yahoo.com or warka@hotmail.com ??? Something fishy about that for a legitimate bank... Hope this is not one of those; "here today, gone tomorrow banks"...My gut say's this Warka Investment Bank is not legit, or if it is, it won't be for long! Any other opinions or feedback on this Warka Investment Bank and US citizens being able to open accounts ???

-- July 29, 2004 8:38 PM ∞

Breck wrote:

Dan, what makes you think you'll only have 3 MO's to make the transaction from large bills to small? That not even logically thinking. They will stay good just pull out maybe the general common transaction, use with big companies etc. Please don't put that kind of info out unless you have a solid lead to the facts etc. Thanks Breck

-- July 29, 2004 8:51 PM ∞

JLR wrote:

Hey All
The Warka Bank is legit.Its even listed on the Iraqi stock exchange.Go over to www.investorsiraq.com and you'll find a thread about it along with alot of other info

-- July 29, 2004 9:11 PM ∞

chad wrote:

Hello, if any one wants you can contact me at chadjohnson4prez@yahoo i like men and will wear whatever you want me too. Send me picks of your fat hairy ass and I will send pictures of my bald litle boy wienie.

-- July 30, 2004 8:04 AM ∞

Baghdadinski wrote:

I'm pretty sure that the IRAQ internet domain hasn't been approved for use yet, so ALL business's in Iraq will have some external email address like .com .net etc.... Of course be careful, but be educated as well....

-- July 30, 2004 11:59 AM ∞

Dan wrote:

I have received an email from Warka investment bank and I have wired them some money via Jordan Natioanl Bank PLC. Warka National bank has an account with them. The way that it works is like this. My credit uunion sends money to Jordan National Bnak and puts that money into an account that is given to warka investment bank. when it is put in warka investment banks' account number they are notified of the transaction. then they take that money and put it in my account that they have set up for me. Look just call them at 964(country code) 1 717-2045 and ask for Randda B. Al-Shakir. She works for the international department. You need to understand that most of these banks are very small. You are investing in Iraq's future. when Iraq becomes stable againg just think about the amountg of money thta you will make. You do not have tgo start an account if you do not want to, There is a risk with every invesment. but this is a risk that I am willing to take.

-- July 30, 2004 4:42 PM ∞

dan wrote:

I meant Warka Invesment Bank.

-- July 30, 2004 4:44 PM ∞

noel wrote:

Dan, How do know that the higher denominations like 25,000 10,000 and 5,000 notes are going to be dismissed as legal tender? Do you know that $10,000 5,000 and 1,000 dollar bills exist in the U. S and are still legal tender but are not available to the public? I'm pretty sure that once the dinar starts to appreciate they will take the higher bills out of circulation when people put them in the banks and replace them with smaller denominations, but this will not devaluate already printed bills. If you know something for sure that I don't know please let me in on it.

-- July 31, 2004 3:56 PM ∞

JLR wrote:

Noel
Dan is correct in saying that the larger bills will eventually be taken out of circulation.Once Iraqs economy grows stronger and the dinar value grows it will be harder to use them.Kind of like paying for a happy meal with a 5000 dollar bill.But you are also correct in saying that banks will hold them and replace them with smaller bills.

-- July 31, 2004 7:12 PM ∞

Notre Dame Fighting IRAQis wrote:

Two questions actually,

1) Where can I find 20 year charts on the IRAQ Dinar & Kuwait Dinar vs. USD?

2) What is the cheapest SAFE place to get the IRAQ Dinar?
I am getting ready to get another Million and the guy I get it from charges me $1050.
He will not bring the price down to $999 unless I get 25 Million or more.

Your help is appreciated.

Thanks!

-- August 1, 2004 12:26 AM ∞

Notre Dame Fighting IRAQis wrote:

Two questions actually,

1) Where can I find 20 year charts on the IRAQ Dinar & Kuwait Dinar vs. USD?

2) What is the cheapest SAFE place to get the IRAQ Dinar?
I am getting ready to get another Million and the guy I get it from charges me $1050.
He will not bring the price down to $999 unless I get 25 Million or more.

Your help is appreciated.

Thanks!

-- August 1, 2004 12:26 AM ∞

jules wrote:

Notre dame
try this site for iqd history--not sure if it goes back as far twenty years
http://www.x-rates.com/d/IQD/USD/hist2003.html

for physical dinar i would got to amer on ebay. his user name is dima89, very reliable
you can also consider an iraqi bank account as dan describes above, and have usd changed into dinar after deposit, at the cbi rate for the day
the cbi auction results are posted daily at
http://www.cbiraq.org/cbs6.htm

investorsiraq.com also has informative info
all the best,
jules

-- August 1, 2004 1:15 AM ∞

Russ wrote:

Has anyone purchased dinar from a website and actually had it reviewed for authenticity? If so, can you tell me who to buy it from? There are many sites, however, they can simply have it printed in a print shop and sell it. I believe in this but would like to know that I have the real thing.

-- August 1, 2004 3:54 PM ∞

jimbo wrote:

To answer both Russ and Notre Dame: Buy from Amer or Jaki2000 on Ebay. Roughly $900 per mil. Regarding the counterfeit, it's virtually impossible to do with this money. Infrared marks, woven threads, raised colored stamps, horse head water mark etc...The Dinar was printed in Britain and not in Iraq. The only counterfeit rumor I've heard was regarding the 250 Dinar in Baghdad, but it was never confirmed by any source.

-- August 1, 2004 7:00 PM ∞

Dan wrote:

LISETEN EVERYONE DONOT BUY ANYMORE DINARS FROM THE PEOPLE ON THE IINETRNET OPEN AN IRAQ BANK ACCOUNT. they will give you the best price and they will also invest in the Iraq Stock Exchange if you wan tthem to. Warka Investment Bank is one of two banks that allows foreigners to open Iraq and Us dollar account. They will exchange the US dollar for 1,460 ID to 1 US dollar. these people are just making millions off the honest man. If you do not belve me then just call the Iraq bankj yourself. Ask for Randda B. Al-Shakir she is the international department there. 964 country code of Iraq 1 717-2045.

-- August 1, 2004 7:45 PM ∞

jimbo wrote:

Making money off honest men? That means what? They provide a service and act as a middle man. Their services only costs less than $300 per order. That is well worth their time and effort. I wouldn't trust any bank account without the currency in my possession. Until international banks are allowed into Iraq, I won't be putting any money in there.

-- August 1, 2004 11:41 PM ∞

Dan wrote:

It sure is nice to have the middle man get you what you want, buut whaat happens when the Iraqi Dinar appreciates and they decide to withdrawl high denomination Iraqi Dinars. Lets just say that the 25000 Iraqi Dinar was deemed non legal tender. The Iraqi government will give you three months or so to exchange it. Well lets just say that The Iraqi Dinar was not allowed to be traded in abanks in your country. After those 3 mopnths are up you just got screwed by the middle man. Do you think that the middle man will will exchange the 25000 Iraqi Dinars for the denominations that are still in affect. NO!!!!!!!!!!!!!!!! The middle man only cares about him or herself. If you already have an Iraqi Dinar bank account then you wont have to exchange it because those 25000 Iraqi Dinars are already in the Iraq bank. So you will always get the right type of denomination you need without the middleman. Yes there is a risk with every investmnt. But then again that is what we are all doing, putting our money into some thing that could possibly make us millionares. I am just trying to tell you that you can get a better deal somewhere else. So with that said STOP GETTING RIPPED OF AND OPEN AN ACCOUNT WITH AN IRAQ BANK. I have two account with Al-Warka Invesment Bank. One is a US dollar savings account and the other is an Iraqi Dinar savings account. Teh reason why I have a US dollar account is because I wire them US dollars. they exchange the US dollar to the Iraqi Dianr at 1460 ID to 1 US dollar. So you get a hell of a lot more out of it. OH did I mention the fact that Al-Warka Investment Bank has Iraq Stock Exchange brokers that will buy Irai stocks when the ISX allows foreigners to invest in the Iraq Stock Exchange. WHEN WILL THE MIDDLE MAN DO THAT FOR YOU. The Al-Warka Investment Bank website is warkabank.com. If you want to get a hold of them then ust email them at warkabank@hotmail.com or warkabank@yahoo.com. Or you can call them at 964 country code 1 717-2045. You can find their address on the Central Bank Of Iraq website at cbiraq.org. click on Bank menu. when you call Ask for Randda B. Al-Shakir, She is the International department representative.

-- August 2, 2004 2:48 AM ∞

Mike wrote:

US has lift the sanction of IRAQ. Time is coming faster than what I thought. I hope everyone is ready!!

-- August 2, 2004 10:50 AM ∞

Peter wrote:

Mike who told you about this news US lift sanction from iraq?

-- August 2, 2004 1:27 PM ∞

mike wrote:

go to this site http://www.iraqdaily.com/ and then go to iraq economy. you will read it there. Let me know if you find it. I got excited when I read it. Brazil Here I come!!

-- August 2, 2004 3:03 PM ∞

G wrote:

Russ/Notre Dame,

I'm a Yank living in Jordan and can get you a good price if interested. $875/million, priority. Good luck to you.

-- August 2, 2004 3:23 PM ∞

Mike wrote:

http://www.abc.net.au/news/newsitems/200407/s1165244.htm

actually if you paste this, it will take you right to the US LIFT SANCTIONS ON IRAQ.

-- August 2, 2004 3:46 PM ∞

Frank wrote:

2004-08-02 1457.484538 -0.234%
2004-08-01 1460.903646 0.000%
2004-07-31 1460.903646 0.000%
2004-07-30 1460.903646 -1.154%
2004-07-29 1477.953276 -0.095%
2004-07-28 1479.351371 +1.261%

-- August 2, 2004 11:57 PM ∞

Frank wrote:

Last Update: Friday, July 30, 2004. 10:10am (AEST)
US lifts Iraq sanctions
United States President George W Bush has lifted sanctions placed on Iraq when Iraq was run by Saddam Hussein, who was toppled last year by US-led troops.

"I have determined that the situations that gave rise to these national emergencies have been significantly altered by the removal of the regime of Saddam Hussein and other developments," Mr Bush said.

US and United Nations sanctions were put into place after Saddam's army invaded neighbouring Kuwait in 1990.

"This action is consistent with United Nations Security Council Resolutions 1483 and 1546, of May 22, 2003, and June 8, 2004, respectively, which substantially lifted the multilateral economic sanctions against Iraq," the statement said.

Still in place are measures such as the freezing of assets linked to Saddam's regime.

The United States transferred power to Iraqis a month ago, putting an end to the US-led occupation.

-- AFP

-- August 3, 2004 12:00 AM ∞

Frank wrote:

BAGHDAD, Iraq July 18, 2004 — The miniature Liberty Bell clanged. Elbows flew. Sweat poured down foreheads. Sales tickets were passed and, with a flick of the wrist, 10,000 shares of the Middle East Bank had more than doubled in value. The frantic pace Sunday of those first 10 minutes of trading typified the enthusiasm behind the Iraq Stock Exchange a new institution seen as a critical step in building a new Iraqi economy.
In just five sessions, trading volume has nearly quadrupled and the value of some stocks has surged more than 600 percent, gains traders say reflects the pent up frustration of 15 months of closure.

-- August 3, 2004 12:05 AM ∞

Frank wrote:

"Look at these prices," he said, glancing at the board showing offers for one industrial company at about 25 dinars, almost two-tenths of a cent. "These shares are ridiculously undervalued. That's why prices are surging as much as 600 percent from day-to-day."

The exchange was inaugurated last month and is open two days a week for two hours a day. Sunday's session was the first open to the media.

Officials say they hope that in a month they will have all 120 companies previously listed on the old exchange on the new ISX's "big board" actually 27 small white boards, where workers record trades with markers.

-- August 3, 2004 12:08 AM ∞

Frank wrote:

The added bonus will be opening the door for foreign investment. The legal framework is in place, but the details have yet to be completed.

"My hope would be that they would quickly encourage foreign investment," Nobel Laureate and University of Chicago economist Gary Becker told The Associated Press by telephone. "Foreign investors often want to make sure they have majority ownership."

-- August 3, 2004 12:11 AM ∞

TygeWoodall wrote:

Do NOT trust your IQD to an Iraqi Bank! I am in Iraq and the Iraqi customs agents are confiscating IQD from any non-Iraqi trying to leave the country. It is a big thing here for those of us in country. The Iraqis do not want the dinar to leave the country. The BANKS are not to be trusted either! If you pay a little more to go through a middleman, do it! Keep your IQD in a safe and secure place. It is going to explode sooner than people think. Not only are they taking IQD, they are also taking artifacts, jewlery, gold, and anything else they deem to be Iraqs. Unless you are an Iraqi in Iraq, be safe and keep it close! They will not just one day say,"hey all the large bills are no good!" Common, they need large denominations for large buisness transactions. These bills will be in circulation until the Iraqi Government changes all their money to a different note.

-- August 3, 2004 9:26 AM ∞

Jo wrote:

Please, can someone tell me where to buy the Iraqi dinar? Thank you, from here in Texas!

-- August 3, 2004 10:11 AM ∞

tony wrote:

jo go to http://www.investorsiraq.com/index.php?
we have a offical board seller named amer we get a special rate cheaper then anyone else and cheaper then ebay but you gotta join up first ;)

-- August 3, 2004 10:57 AM ∞

Jo wrote:

Tony,

Thanks. We are in unchartered waters and are in need of help and guidance. May I ask how you paid for your dinar? And thanks again.

Jo

-- August 3, 2004 12:42 PM ∞

tony wrote:

i sent money order

-- August 3, 2004 12:54 PM ∞

Bryan Henry wrote:

I'm selling IRAQI Dinar for $900/Mil I get it from my brother who is a Marine MP in Iraq it will ake about 2 weeks or so .... if you would like to purchase an amount email me or call me 262-751-5110 my brother buys about a million or 2 a week.

-- August 3, 2004 1:45 PM ∞

trashbucket wrote:

a marine MP?....never heard of one. but i am sure he is in some kind of military service. but what he/you are doing is not legal. i am sure the corp would like to know. thanks for your number bryan.

-- August 3, 2004 7:57 PM ∞

jimbo wrote:

Buy from Amer at investorsiraq.com, or Jaki2000 on Ebay, both sell for $890 plus shipping. Use your CREDIT CARD, you have fraud protection. both sellers can be trusted if you send a money order, just takes a week or more longer. don't trust other sellers, go back and read more in this forum or the fatwallet theads, there are scam artists out there. good luck.

-- August 4, 2004 5:04 AM ∞

DeepSpace wrote:

TO ALL YOU DINAR SPECULATORS

I am working closing with the Iraqi government and am very well connected. I have been reading all of your comments with a great deal of interest. I too am considering buying dinars and at today's rate can get about 100,000 for as little as $170. BUT LETS GET REAL. The first people who started buying substantial amounts of Iraqi Dinars were the Egyptians - last October they were getting about 550 Dinars per $1. Now the Dinar is worth over 3 times less. In a matter of months they have lost a fortune. THE IRAQI DINAR IS WORTHLESS. Forget comparisons with Kuwait in 1992 and forget comparisons with Afghanistan - Iraq has many more problems and issues. Firstly, by buying Dinars you are effectively lending the Central bank of Iraq interest free money, when you might normally expect up to 20%. The value of the currency is entirely dependent on the Central Bank and to cope with instability they might have to resort to hyperinflation (see Argentina and Brazil as recent examples). If hyperinflation kicks in you might as well go down the bank withdraw $1,000 and flush it down the toilet. Secondly, the Iraqi Dinar is not pegged to anything (dollars, euros, commodities such as oil) - their is no stability. Thirdly, for the Dinar to maintain its rate, it is entirely in the hands of the integrity of the Central Bank to maintain its position. Fourthly, this is still an interim government; a new government may step in and devalue or even reissue the currency, hence wiping out all current investment. Next, I hear everyone banging on about oil and that this is what makes investment in the Dinar a guaranteed surefire winner - well take a look at other oil producing countries with dodgy economies and weak currencies - Venezuela, Indonesia and Nigeria. Would you invest in their currencies? And finally, you have all seem to forgotten the ONE BIG SPANNER IN THE WORKS: $120bn of foreign debt Iraq has to suffer. The likes of the French and Russians are not keen to wipe out the debt and generally there is little enthusiasm in the international community (except Great Britain). All in all in the Iraqi Dinar is totally worthless. forget comparisons with the days of Saddam. It is even worth nearly 4 times less than 10 months ago. And if you do buy dinars, who can you sell them to. My instinct is that one day the Iraqi economy economy will be stable and stronger from oil revenues, and hence the currency will be stronger. But it could take as long as 20 years to pay off its international debts. If you buy dinars, who can you sell them back to over the next five years? Beware of web-scams and people jumping on the bandwagon. Remember, in a gold rush its those who make the picks and shovels that make the real money. Happy hunting guys.

-- August 4, 2004 5:47 AM ∞

Mons wrote:

Hi DeepSpace,

What a nice advisment !!! and what a nice article.
but I not convienced by your words.
first, 50-80% of the foreign debt will be canceled due to the mutual gains among the countries (USA, Europe, Middle East).

Its very clear that the oil will play a major role to detemine the NIQD price (ask yourself why America occuppied iraq!!!!).
The oil price today is 44$ and its expected to be 50$ meanwhile OPIC can not control it. (Why).


-- August 4, 2004 8:29 AM ∞

Kevin wrote:

Deepspace - You need to read and understand more. You are obviously half way informed about this currency matter. The Iraqi Dinar will be pegged to either oil, US dollar, Euro and/or perhaps gold or a combination of). That is still pending and exactly why this is so exciting! The World Bank in Iraq will be the final building block to establish this "pegging" and exchange rate. Once this opening exchange rate is determined, banks will then gradually recognize the dinar for world exchange. Sanctions were just lifted 2 days ago, and Bush has encouraged all other contries to follow the US and start trade with Iraq. This will only happen with an Iraq currency that has reasonable value. You getting the picture yet??? The people also need a currency that is at or close to what it was last year (.31 cents) to give them hope and incentive to want to defend and build their country. That won't happen at the current (unoffical exchange rate) which is close to worthless. Focus on the big picture...

-- August 4, 2004 10:36 AM ∞

Deepspace wrote:

Reply to Kevin & Mons

I thought from my article it is clear that I am focussing on the big picture. That is, profiting from the Iraqi Dinar in the next five years looks like a long-shot (not so long that it wont stop me taking up a few hundred dollars worth - money I can afford to lose). In the meantime the real way to make money is to prey on the extremely optimistic views of nearly all the people on this forum. Hence my quote: make picks and shovels for those digging for gold. I see websites such as PortalIraq are offering IQD1,070 for $1 when the current exchange rate is IQD1,460 for $1. Now that's what I call making a quick buck. As for stating that the IQD will be pegged - that is pure speculation. I met Dr Sinan, Governor of the Central Bank of Iraq 2 months ago in which he stated that the value of the IQD would be maintained within the current framework set-out by the Central Bank Laws. He and no other Iraqi official from the Ministry of Finance have made any statement (public or private) stipulating a strategy based on pegging the currency. Furthermore, The World Bank has made no statements in regard to pegging the IQD (and it does not have the authority to do so). Stories relating to pegging have been doing the rounds amongst international economists, but this is not Central Bank or Iraqi Government policy. In fact the economic argument against pegging is very strong: A currency that is tightly linked to the dollar would also make it harder for the government of Iraq to manage its dependence on oil revenues. The dollar revenue from oil sales is highly volatile, so the government would have trouble paying the same dollar salary when oil is at $30 a barrel and when oil is at $50 a barrel. Rather than matching expenses and revenues by paying dollar salaries that vary in line with global oil prices, it is far easier to pay salaries in a local currency and let the value of the local currency fluctuate against the dollar. Pegging, to the dollar or commodities or any form of "basket" looks very, very unlikely. As for lifting of sanctions, it is not relevant at this stage, as all foreign companies involved in Iraq will simply not accept payment in IQD. In regard to the price of oil - this will certainly help Iraq's foreign currency reserves. But they are still stuck on about 2.3m bpd (same as pre-war). The target is to double that to near 5m bpd by the end of the decade. My question is: If you are so keen to speculate on the strength of the Iraqi Dinar on the basis of the price of oil - then why not just speculate on the price of oil??? At least you have buyers as well as sellers! Finally, I do hope your right about the foreign debt. THIS IS THE KEY TO EVERYTHING. The 50-80% figure has been muted around the world, but in reality there has been no progress on this whatsoever and it is unlikely there will be any until the next G8 meetings in 2005. Hence, my emphasis on similar debt countries as Venezuela and Indonesia. So long as the debt issue is unresolved the IQD will remain extremely weak and vulnerable to hyperinflation. The purpose of my piece(s) is not be half or fully informed or some kind of guru, it is simply to play devil's advocate based on current knowledge against all the blind optimism I hear from soldiers and contractors (and people on this forum) who are buying Iraqi Dinars and effectively lending the country money, interest free. Start a website, get a Jordanian truck driver (with a gun) crazy enough to get the Dinars out of Baghdad and sell them to all the people in the world who dream of turning a few hundred bucks into a few hundred thousand. I believe the word is: ALCHEMY.

-- August 4, 2004 11:59 AM ∞

Kevin wrote:

Deepspace - Since you have all the answers and the ultimate prophecy on the dinar, Don't buy any dinar then! That's my advise to you. I will be happier, and you obviously will be. Go put your money in a money market account and get 1.5%.


Kevin

-- August 4, 2004 12:18 PM ∞

jmac wrote:

Deepspace,

Please don't pay attention to the purile comments of Kevin: I hope this doesn't discourage you from posting your well informed comments that help to establish the dialectic that's nec. to make informed decisions. As you probably know,. there are many who's passion- wants get in the way of their reasoning. I just purchased 5 million IQD and I classify this expenditure the same way I'd classify a Vegas outing-- ie: money that I'm prepared to (relatively) painlessly walk away from. Please keep up your insightful comments!

Thanks,
Jmac

-- August 4, 2004 12:34 PM ∞

Kevin wrote:

Jmac - "Insightful comments" and BASICALLY -outright negative, pessimistic comments that leads people to doubt this venture are entirely two separate things. If someone has positive news to report, then do so. That's the purpose of this forum. It's always easy to spout negativity & doubt. It takes time & effort to find good things, and then share it with others.

Kevin

-- August 4, 2004 12:43 PM ∞

jmac wrote:

Kevin,

My point is that Deepaspace is obviously in a positon to supply us with information about our investments-- he has met with people that have information before we get it through articles many of which have been written by those hawking IQD's. He hasn't said anything that that hasn't been said before in other articles slightly critical of this latest (fools?) goldrush. You'd see this if you'd allowed yourself to track down/take in "fair and balanced" information. Deepspace just gives us more details since he's in a position to do so.

People, especially Americans, like to gamble and that's why the IQD has such a following. However, there are some of us, from the finance sector, who chose to receive unadulterated info about our investments. You're setting yourself (and others who can perhaps less afford it)up for failure if you limit yourself to selective hearing.

I doubt what we talk about here is going to effect the IQD value in the marketplace-- if I thought this true, I'd be extolling it's virtues right now.

Jmac

-- August 4, 2004 12:55 PM ∞

Ben wrote:

Jmac,

I will side with Kevin here, simply based on this person casually making the comment; "I met Dr Sinan, Governor of the Central Bank of Iraq 2 months ago in which he stated that the value of the IQD would be maintained within the current framework set-out by the Central Bank Laws. He and no other Iraqi official from the Ministry of Finance have made any statement (public or private) stipulating a strategy based on pegging the currency". Is this person trying to impress us with his contacts and meeting people of great influence inside Iraq?? Is this really true OR is there an ego issue here with a person trying frantically to convince himself he is a very important person in the world community, thus trying to convey his opinion about this opportunity?? We will never know for sure. If a person is REALLY busy meeting & engaging conversation with high ranking officails and discussing finacial matters effecting an entire country such as this individual claims, I find it to be slighty odd he then can actually find time to stumble onto this website, and convey his comments (AKA: overall negative opinion/viewpoint). It is clear he has serious doubts about the currency. I believe it to be equally clear this person is full of %$#@! with his meeting certain officals. We have already made our investments! I concur with Kevin - limit your posts to positive entries that DO NOT create doubt in what we have already done & speculated on. That is parting with our money in hopes to make more.

-- August 4, 2004 1:26 PM ∞

Mike wrote:

Yeah, Whatever Kevin and Ben says!! We are goin to be rich BITCH!!! I am Rick James!!! Dinars are going to rise faster then people think.
A) Most important Sanction Lifted!
B) NO SADDAM!
C)Most of the debt if not all, will be wiped away!
D)OIL
E)GOLD
F)Natural Gas
G)Coal
H)New money
I)Many Companies are investing in Iraq
J)Many Banks are trying to get in, but only a few is allowed as of now but more at the beginning of the year
K)Did I mention OIL
L)Look at the other Arab countries They are RICH!!
M)All the money the U.N (United States and Britain mainly) are putting in to rebuild Iraq
N)I Forgot, New Government
O)JOBS JOBS JOBS will be alot of Jobs in Iraq
P)They got their own Stock Exchange
Q)Oh yeah, OIL!!!
R)Relief!!
S)Many, And I do Many, people are expecting the dinar to go up. I am not talking about us the pions. I am talking about..
T)United States
U)Britain
V)Russia
W)Italy
X)France
Y)United Nations
Z)OH yeah, the most important reason why the dinars will rise is because of....OIL OIL OIL OIL OIL OIL OIL OIL OIL OIL OIL OIL OIL OIL OIL OIL OIL OIL OIL OIL OIL OIL OIL OIL OIL OIL OIL OIL OIL OIL OIL OIL OIL OIL OIL OIL OIL OIL OIL OIL OIL OIL OIL OIL OIL OIL OIL OIL OIL OIL OIL OIL OIL OIL OIL OIL OIL OIL OIL OIL OIL OIL OIL OIL OIL OIL OIL OIL OIL OIL OIL OIL OIL!!!!

I rest all the people's case who knows the truth!! ENOUGH SAID!!

-- August 4, 2004 3:24 PM ∞

jmac wrote:

Agreed.

Deepspace: If the best you can do is 100k dinars for $170 (that's $1700 per mil) -- how well connected can you be?

Jmac

-- August 4, 2004 3:42 PM ∞

Kevin wrote:

Mike - Well said brother ! Some people are just not happy unless they can hear themselves talk and attempt to sound intelligent... Some people are just not happy unless they can rain on your parade & make others as miserable as they are. People like Deepshit can't stand it whenever others succeed or if other might do well. ** Bottomline: ** Since all of us already invested in this currency, what did Deepshit think he would accomplish by making these negative-psycho-babble comments??? Was he trying to make us feel good about what we already invested in? I think not. I think his intentions were less than honorable, yet concealed in an attempt to sound well connected & semi-intelligent. **Lets stick to positive news & updates, OK?

Kevin

-- August 4, 2004 4:27 PM ∞

JLR wrote:

Hey Mike
You forgot to mention the dates and palm trees. Those are also plentiful in Iraq

-- August 4, 2004 7:03 PM ∞

Jay wrote:

I was wondering I have a nephew in the marines and was wondering if it is illegal for him to send me money to sell....or even for him to send me money?? also how are people getting money to iraq cuz fedex wouldnt send cash and how are they getting the money out of iraq???

Thank you,
Jay

-- August 4, 2004 7:43 PM ∞

Trashbucket wrote:

Bryan I mean Jay,
ask around in investorsiraq.com maybe you will learn there

-- August 4, 2004 7:57 PM ∞

DAN wrote:

Gues what guys,
As you all well know I opened two Iraq bank accounts with Al-Warka investment Bank in Bghdad Iraq. I have wired them money and are in the process to put it in my US dollar account. Warka Investment Bank is swamped with new accounts that they may take up to 7 days to put the money in my account. I can not blame them for taking their sweat time. I do not want them to make a mistake and put the moiney in someelses account. I intend to have Warka Invesment Bnak exchange 500 US dollars worth into Iraqi Dinars which will be put in my Iraqi Dinar savings account. They exchage at a rate of 1460 to 1US dollar. And the best part about me starting bank accounts with an iraqi bank is that when the Iraqi dinar starts to go up in value and the large denominations start to be traded in for smaller denominations due to increase of the iraqi dinar, I wont have to lift a finger because my money is in a bank that automatically changes denominations for me. So keep the dream alive guys and when we are all rich lets have a convention and introduce ourselves each others FERRARIS!!!!!!!!!!!!!!!!!!!!!!!11

-- August 4, 2004 9:05 PM ∞

Jo wrote:

Hello to anyone. We have a question. Where or how do you sell the dinar when you are ready?
Thanks, Jo

-- August 4, 2004 9:43 PM ∞

Frank wrote:

Deepspace: If the best you can do is 100k dinars for $170 (that's $1700 per mil) -- how well connected can you be?

Jmac>>
I agree, this guy does NOT EVEN KNOW THE CURRENT RATE 1700 PER MILL, HE GOT PHUCKED!!!!


-- August 4, 2004 11:30 PM ∞

fRANK wrote:

Deepshit moron, for $1,700 I can buy 2 million here in US not 1 million
WHAT KIND OF A FOOL ARE YOU?
WELL CONNECTED? YEAH YOUR ASS IS WELL CONNECTED TO A BIG DICK

-- August 4, 2004 11:34 PM ∞

Jamie wrote:

I understand the need for negativeness in a forum filled with optimism. I am going to start by buying 5 million dinars, and continue buying until they go up in value, whenever that is. My point is this. I think many people here are TOO overly optimistic with this new currency. There are some that I have seen that EXPECT this currency to hit the pre GWI value of 3 to our 1. As much as I want to agree, and believe that this will be the case, I cannot see it as that looking around at all the other countries in the region, and doing the amount of research that I have done over the past few months. Saudi Arabia is trading at about .26 cents right now, and Kuwait at .29 cents. I am pegging Iraq at about .20 cents in 3 years, and I would say that with all the help they are recieving, in 7 years they could hit about .40 cents or so. Again, this is only my speculation, and. . . I hope that I am wrong. This is still not a sure thing as some people want to believe it is. When you put money into a currency you are betting on a government. The interim government in the country is a big threat to be assasinated at any moment, we can't take our eyes off of that. The biggest fear that I have with this investment is the possibility of an Iraqi Civil war at some point in the next year or two. The chances aren't great for anyone paying attention to the "real" news that is going on in Iraq and keeping their eyes out of the news on t.v. that has to create stories to keep people tuned in. As for the people saying that it has to open at .33 cents because of the prewar value, that is totally incorrect. They have a currency now, what do you expect? the bank to open up to the world and say, our currency is now .33 cents. It doesn't happen that way, it is a slow, steady climb to that, they have their currency, and that is the value of it. If it was going to just "jump" to that level wouldn't you suppose that many investment firms, and even the United States Government themselves would be investing hundreds of millions of dollars into their currency so when it opened they can pay off our national debt? That makes no sense. Many "experts" think this is a huge risk, and that it is, but as I stated before it has much better odds than putting a dollar in a las Vegas slot machine. I don't recommend people put money into this investment unless they have the money, and they don't have to worry about paying their rent or mortgage if they do get involved with this. I want to get as much of this stuff as possible becuase we will never again see the odds this far in our favor to cash in like this. Finally, to get back to why it won't hit .33 cents instantly, I know you say that the rich people will now become poor because of this, and they can't do it. That is the sad effects of going to war. Germany after WWII suffered the same tradgedy. Good luck to all, when we do become rich we need to convene somewhere and have a big party to celabrate our newfound wealth.

-- August 5, 2004 12:44 AM ∞

Q wrote:

good post jamie

-- August 5, 2004 1:07 AM ∞

Blake wrote:

Jamie,
The Kuwaiti dinar is worth $3.40, NOT $.26.

These posts the past few days are hilarious. It's a shame what has happened to this board....filled with the beginners being confused by those who proclaim to know it all, spouting off incorrect and outdated information.

-- August 5, 2004 1:15 AM ∞

tony wrote:

http://www.investorsiraq.com/

-- August 5, 2004 1:23 AM ∞

Q wrote:

bad post jamie

-- August 5, 2004 1:49 AM ∞

BillyBoy wrote:

Hi I've been reading all your comments and I am about to buy 2 million Iraqi Dinar. Obviously, I want to make sure I am doing the right thing. You all seem keen to slag off the post by Deepspace who is presenting a rounded argument (but still says he/she is going to buy dinars). None of you have answered Jo's post which asks the most important question: "when and where can I sell my dinars"? What is the point of buying the Dinar if I can't sell them. Does anyone know the answer? Name me a bank that will buy Dinars - anywhere in the world?

-- August 5, 2004 2:53 AM ∞

Jamie wrote:

Thanks Q

-- August 5, 2004 2:56 AM ∞

Jamie wrote:

BillyBoy, When the currency starts being traded around the world you can sell them at any currency exchange place. Or you can mail me your money and I will fly to jordon and exchange them for you. lol
I must have read the currency backwards, I now want a billion Dinar. :) If Kuwait is 3+ Iraq better get to at least 1

-- August 5, 2004 3:07 AM ∞

Kevin wrote:

Tony,

I registered on http://www.investorsiraq.com/

then tried posting my comments, but it keeps telling me I'm not authorized to post or the administrator has not activated me. I registered 4 days ago? Any suggestions so I can start posting on this site?

Kevin

-- August 5, 2004 9:46 AM ∞

Hamoody wrote:

Hi,if any person interested in buying anmd invest new iraqi banknotes in MILLIONS ,please do not hesitate to write to us and receive our NEW OFFERS and we shall do our best to fulfill your request ,I am international banknote dealer since 1996 and member of IBNS # 8829 .Thanks and hope to hear from you .

-- August 5, 2004 12:16 PM ∞

tony wrote:

kevin email me your screen name and i will pm our adminstrator and see whats up

telia55528@cyber-rights.net

-- August 5, 2004 1:38 PM ∞

Catchick wrote:

Guys,
I know you have been suggesting another dealer for dinars but has anyone heard anything about the website SilverDinar? Good things? Bad things? thanks

-- August 5, 2004 2:50 PM ∞

Frank wrote:

What is supposed to glow under ultraviolet light on the 25,000 dinar, thanks

-- August 5, 2004 6:08 PM ∞

Kevin wrote:

This good news is especially for you Deepspace (Deepshit) - The well-connected One ! Who probably walks funny now! Ha Ha Ha...

Iraq confident of $120bn debt write-off
July 9, 2004

Baghdad - The Iraqi government expressed confidence on Wednesday that global lenders would write off its huge $120-billion (R728.4 billion) foreign debt, helping to rebuild Iraq's war-ravaged economy and revive the vital oil sector.

Interim Finance Minister Adel Abdel Mahdi said apart from the United States, other countries had also showed an inclination to forgive the debt completely.

"It is not just the United States which has agreed to write off our external debt, but many others have told us that they are ready to completely forgive the loan," said Mahdi.

But he declined to name the countries which had made such an offer, simply saying, "We are talking to them and they have told us that they are ready to do it."

Mahdi noted that a meeting of lenders has been organised for late October in Tokyo where further progress on the issue would be possible.

A debt write-off would also help the world economy as Iraq would be in a stronger position to exploit its vast oil reserves and thus ease pressure on world crude prices, the minister said.

"Our debt write-off would help in moderating the crude oil prices in the long term as we would be able to exploit our oil resources efficiently," Mahdi told a news conference.

The minister said the government had appointed global professional service firm Ernst and Young as legal advisors in negotiating the debt issue with lenders.

"Forgiving our debt is critical to the economy which has been affected by external and internal wars for many years. We are sure the world would understand this," he said.

Last month world leaders broke up a three-day summit without bridging a rift over US President George W. Bush's proposal to forgive Iraq's debt.

The proposal faced staunch resistance from many countries, especially France, at the Group of Eight (G8) summit in the southern American state of Georgia.


While the United States, which has allocated an $18.4-billion aid package to Iraq, was lobbying for a 100 percent write-off, France expressed willingness to cut up to 50 percent of Iraq's debt.

French President Jacques Chirac said he was prepared to let Iraq off the hook on half the debt, but was scathing about the US request to go further.

"Iraq is a rich country," Chirac said at Georgia.

"How would you explain to heavily-indebted poor countries like Nigeria that in three months we are going to offer more for Iraq than we have done in 10 years for 37 heavily-indebted poor countries? It makes no sense. It is not decent."

Russia and Canada have also resisted the American move to release Iraq from its obligations.

An optimistic Mahdi, however, said Iraq was ready to offer lucrative rebuilding contracts to companies of donor countries, a demand made by Germany at the G8 summit.

"We are having many proposals from companies operating in these countries and their contracts are being looked into. Some of them have agreed to convert their loans into projects," Mahdi told AFP.

Trying to paint a rosy economic picture, the minister said Iraq's inflation was controlled despite salaries shooting up more than ten-fold in the past few months.

"This indicates a healthy situation. Inflation is lower than what it was a year ago. Statistics on this front are being prepared as we have just started work."

Mahdi said his government was willing to open the economy to foreign investors, especially in key sectors such as banking.

"Many banks have shown interest in opening branches in Iraq and we are looking into their proposals," he said. - AFP

Kevin

-- August 5, 2004 8:29 PM ∞

Ian wrote:

Here is an e-mail I got back from B of A.. I was once told that they were going to start trading Jan 05. But now it looks like they have changed there mind...

Dear Mr. Troxell,

Thank you for visiting bankofamerica.com.

Bank of America does not exchange Iraqi Dinars.
I have no information on when or if Iraqi currency may become an
exchangeable currency at Bank of America.


Sincerely,
Diana
bankofamerica.com/foreigncurrency

-- August 6, 2004 3:30 AM ∞

Kevin wrote:

Ian - The bank of American, among other banks simply do not know how they will handle this Iraq currency, and will not give you an answer. First you have to realize there is no way they can give you an answer, much less exchange this currency, because there is no official exchange rate for this currency. (The current exchange rate of 1460/$1 is unofficial with auctions each day until community leaders/world bank/Central Bank of Iraq determine how or if the currency will be backed or pegged). This is certain to happen in order to attract & provide incentive for other countries to trade with Iraq. (who wants to trade with a country who's currency is not backed by anything???)

Bottom line: One reason why I beleive some/most banks will be exchanging this currency is because of the enormous amount of money they will make when they start exchanging. I called Wells Fargo 2 days ago and asked them how much they would give me for the Jordan Dinar (which is currently @ $1.41). They said they would give me $1.26... So they just made .15 cents or 10.6% by exchanging this particular currency. So if I went and exchanged 1.41 million Jordan dinar, Wells Fargo would take approx $149,460... Do any of us really think banks won't jump in on that action once the dinar starts trading internationally ??? 10.6% is Wells Fargo's rate.. Anyone holding 5 million Iraq dinars when it is worth .01 cent: That is $50,000 minus 10.6% currency exchange rate = ($5300)... That's just on this Iraq dinar being worth .01 cent !!! The bank just made $5300... Think if it goes to .31 or higher ???

Do I think banks will eventually stop acting DUMB when people ask them questions about the Iraq dinar... I will bet my next pay check & yours !!! These banks are all about $$$$$$$$$$$

Kevin

-- August 6, 2004 10:35 AM ∞

John wrote:

I'm a soldier that deployed to Iraq during OIF1. I bought a little over 2 million NID's in Mosul just before I came home a couple of months ago. It was OK to do so then. My best friend is a soldier who is serving over in Iraq now......he's in Baghdad. I was going to get him to buy me some more NID's and send them to me (much better rate than the web dealers offer). He was about to get me some more, but he began hearing rumblings about a crackdown by the military customs folks. So before he inadvertently got into trouble over some brand new policy, he checked it out first with JAG. He emailed me back today and here's what he found out:


John

I did talk to the JAG two weeks ago. They have busted soldiers for trying to ship an AK47 and other toys home. However they busted 2 for trying to mail Dinars, they don’t even allow mailing of the old ones now which are sold as souvenirs. They confiscated money from soldiers going on R&R and are pending some action that they (JAG) don’t even know at this time. They know about the brokers exchanging money in the states because it is legal. However over here it is different (you know how it is) and we live under a separate set rules. They will release guidance at some point but the bottom line is that as of right now, this is not happening.

Sorry

I have been reading posts on this board where folks have been hearing bits-and-pieces of rumors that this may be happening now. Sounds like it is because this is straight from the "front lines". It sounds like a policy is coming out soon from the military channels to stop Dinar trading by soldiers (and it may also have jurisdiction over KBR-types as well). So if you're getting NID's from a buddy over there, you may want them to ship those NID's ASAP before this policy is published and fully implemented theater-wide.

If anyone else has heard details of this from buddies over there, please advise.

-- August 6, 2004 10:51 AM ∞

wisski wrote:

Hello everyone a lot of good info. I heard a rumor last night at work here in Kuwait but a fellow noncomissioned officer told me that he read that Wells Fargo bought $6 million worth of IQD I do not know if this is valid but we are trying to find the source document when he read it while online. I will be searching tonight for it. If I find it I will pass it along. If it is true I would like to know what all you think Thanks

-- August 6, 2004 11:20 AM ∞

Scott wrote:

Why do people always list Palm trees and figs important resources when speking of the potential wealth of Iraq? I would guess that Nabisco already has a source for fig newtons and what do you do with a palm tree? Oil, Natural Gas...yes! Figs and Palm Trees...I just don't get it. Oh yes, by the way, are you still out there "Deepspace"? Boy was that funny!

-- August 6, 2004 11:42 AM ∞

Kevin wrote:

Scott - you need to get well-connected with Iraqi fig & palm tree's... Ha ha...

Search Google and enter these resources for more info.

K

-- August 6, 2004 12:35 PM ∞

degenretebarbarino wrote:

DINAR INVESTORS=IMPERIALISTIC VULTURES


WHY AMERICA IS GOING POSTAL

When people around the world are desperate and hopeless and suicidal
they go into their bedrooms and close the door and kill themselves.
When Americans are in the same situation they go outside and try to
take as many people with them.
America is now in the same situation of feeling ostracized and hated
and cornered by the world.With international travel and global
communications Americans are finding out what their reputations are
and what is said about Americans around the world.They are made to
feel unwelcome and unwanted in every country and made to feel
embarassed and ashamed to hear what one hears about Americans in every
country one travels to.People around the world will never think of
visiting America thinking one would just get shot.Satellites and the
internet send what the international community says about America and
Americans into American living rooms today much to the dismay of the
American media which the world always knew were pathological liars.
The world's most hated country with the world's most despised and
ridiculed people is now striking back at the world and is the new
Fourth Reich bent on invading and destroying.America which has been
crumbling socially for decades with all its social problems of
violence,crime,illiteracy,etc.,is going to try to punish the world for
thinking it is a barbaric degenerate dying Rome with its bread and
circuses culture.
The world's shortest and most violent and shameful history on earth is
leading to the fastest decline of any empire in world history,and if
it is going to be hated by the world,it will go outside into the world
with a high capacity semi-auto and take as many people and countries
with it.
Unfortunately as with mass killers and disgruntled Postal workers,they
may take out a few,but the whole world will become a SWAT team.Suicide
by cop.

-- August 6, 2004 12:56 PM ∞

confusd wrote:

AMERICAN'S 1ST TIME TRAVELLING THE WORLD

i just travelled around the world for the first time and why do they
hate us so much???
in every country the only thing people talked about is america and
americans and it all sounded the same??
why cant they talk about something else like the weather or sumthing??
how can billions of people in hundreds of countries come up with the
same thing??
we aint the world bully or rabid dog and we isnt all fat illiterate
ugly americans that were born killers and rapists and our women aint
all loose goldigging whores!!!
how can any american visit any country and feel welcome or wanted???

its bad enough we gotta wear all black so as not to appear american
and its bad enough we gotta avoid places americans congregate cause of
the terrorists and the bombs,but this is too much!!
i aint gonna spend my welfare checks in countries that dont treat us
nicely!!!
and they gotta stop using the word american as a curse word!!!
and they gotta learn to speek proper american like normal folks!!!
and stop driving on the wrong side of the road and using that
confusing metric system!!!
we gots enough foreigners here those durned wetbacks steeling our jobs
so we should be able to travel to other countries to git away from
durned foreigners!!!!!
and they need more mcdonalds in other countries!!!
real food for real men!!!

-- August 6, 2004 12:59 PM ∞

kEVIN wrote:

Confused,

I'm confused with your assessment. How does one equate the US responding to a horrific attack on American soil on 9/11 to individuals in the US going postal, to having to be concerned about what other IGNORANT people abroad may think about us. The US did exactly what it had to. The best analogy is this: If some whack job(s) came into my home, and killed my family for no GOOD reason, other than religious/radical reasoning and I then go after them and seek restitution & JUSTICE, why the hell should I give a rats A -- what other people abroad think about me??? When you go out and murder people in cold-blood, you will be dealt with ACCORDINGLY !! Intelligent people refer to this as SELF-PRESERVATION (the #1 law in nature/survival & life)... President Bush did exactly what he should have done & he continues to do what he should be doing. Contrary to popular belief & world views, President Bush is an intelligent individual. And he does not get caught up worrying about what others think when he does make the right decisions to defend our homeland & national security. We call that DECISIVENESS & LEADERSHIP !!!

By the way: This forum is for Iraq Dinar discussions, news & updates. Not for brain-dead,Anti-American, trivial Anti-American concerns, left-wing ideaology discussions or debates. Keep it to Iraqi Dinar topics.

Kevin

-- August 6, 2004 2:32 PM ∞

gimmeabreak wrote:

I'm confused with your assessment. How does one equate the US responding to a horrific attack on American soil on 9/11 to individuals in the US going postal, to having to be concerned about what other IGNORANT people abroad may think about us. The US did exactly what it had to.

The best analogy is this: If some whack job(s) came into my home, and killed my family for no GOOD reason, other than religious/radical reasoning and I then go after them and seek restitution & JUSTICE, why the hell should I give a rats A -- what other people abroad think about me???

WHICH IS EXACTLY WHAT AMERICA HAS DONE WITH ITS MILITARY AND CIA AND FOREIGN POLICIES AROUND THE WORLD.MILLIONS OF HUMANS HAVE BEEN DIRECTLY OR INDIRECTLY KILLED BY THE USA,MORE THAN ANY COUNTRY SINCE WW2.
THE UGLY AMERICAN WORLD BULLY TRAMPLES AROUND THE WORLD LIKE BULLS IN CHINA SHOPS INVADING AND EXPLOITING AND STEALING AND KILLING LIKE ITS AN AMERICAN PRIVILEGE.

When you go out and murder people in cold-blood, you will be dealt with ACCORDINGLY !!

THE WORLD THROUGH THE TERRORISTS AND THE DOLLAR IS DOING JUST THAT TO AMERICA.RIP!!!


Intelligent people refer to this as SELF-PRESERVATION (the #1 law in nature/survival & life)... President Bush did exactly what he should have done & he continues to do what he should be doing. Contrary to popular belief & world views, President Bush is an intelligent individual. And he does not get caught up worrying about what others think when he does make the right decisions to defend our homeland & national security. We call that DECISIVENESS & LEADERSHIP !!!

DUMB GULLIBLE BRAINWASHED IGNORANT AMERICAN HICKS SURE BELIEVE WHAT YOUR CORRUPT GOVERNMENT
AND MEDIA PROPAGANDA SAYS.HEEHEEE....


By the way: This forum is for Iraq Dinar discussions, news & updates. Not for brain-dead,Anti-American, trivial Anti-American concerns, left-wing ideaology discussions or debates. Keep it to Iraqi Dinar topics.

Kevin

IRONIC THAT THE IRAQI ECONOMY WILL FLOURISH AND THE IRAQI DINAR WILL APPRECIATE WHILST THE AMERICAN SERVICE BIG MAC/COKE ECONOMY WITH 7 TRILLION IN DEBT AND A COLLAPSING DOLLAR BEING DUMPED BY THE WORLD.
NOW ITS BACK ON TOPIC AND YALL UGLY AMERICAN MUTTS WILL BE LIVING IN A THIRD WORLD COUNTRY DEALING WITH A MILLION LA RIOTS!!
MWAHAHAHAHHAHAAAAA!!!!!!!!!

-- August 6, 2004 3:04 PM ∞

Peter wrote:

Kevin,

I am agreed with you about what George Bush is doing, he should do what he is doing for protecting our nation and our homeland. All these muslim are terrorist and wanted to kill every one who his other than muslim. These all mulims are bloody evil.

-- August 6, 2004 3:47 PM ∞

KEVIN wrote:

Gimmeabreak - I remember your previous posts. Your the apparent Vietnam vet who caught a mortar on the head or one that has some other form of traumatic brain injury. You always make me laugh. Since it is you, I will just laugh at your psych-babble and take your obvious brain injury into consideration. I'm sure the rest of our readers will to. I will be easy on you.

BUSH 2004 (America Rules)

-- August 6, 2004 3:48 PM ∞

peter wrote:

muslim do desereve for kill. i think all muslim should be killed and than you will seen peace on this whole world

-- August 6, 2004 3:49 PM ∞

abid wrote:

If there was not America world would be like jungle. This is America who control these muslim terrorist:-)

-- August 6, 2004 3:54 PM ∞

Kevin wrote:

Thanks Peter.

Some people will just never get it ! Some people will never learn or comprehend that there is pure EVIL in the world, and efforts to understand them or attempts to talk with them have NEVER worked & will NEVER be an option.

Kevin

-- August 6, 2004 3:56 PM ∞

Scott wrote:

Hey Gimmeabreak,

You speak as if you are from third world shit hole, yet your writing skills are on par with some backwoods, hillbilly 4th grade drop-out...what gives?

-- August 6, 2004 4:34 PM ∞

DAN wrote:

REMEMBER THAT THIS IS A FORUM ABOUT THE IRAQI DINAR'S POSSITIVE OUTLOOK IN HTE NEAR FUTURE. this is not a furom about how horrible is. Yes life is not fair and we are more aware about terrorisom than ever before, but you need to understand that evil is not here to destroy us, but to help us survive and that is the reason why it has survived for so long. Remember common sense states that if evil wasn't so needed than it obiously wouln't exist. Life will never change, but it will get better. And peole that take advantage like of opportunities like the Iraqi dinar will continue to be financilaly sucesfull.

Good luck Iraqi Dinar speculators!!!!!!!!!!!!

-- August 6, 2004 4:40 PM ∞

Fred wrote:

Hello all,

Who has bought Iraqi Dinar? I bought some as I am overseas in Kuwait. The money exchange dealer went through all the good stuff with a UV light to prove it was real. When I got home I noticed it was a little beat up though. Some has small amounts of handwriting on it. Two bills are torn slightly in the corners.

Does anyone foresee this as being a problem in the future, if I try to exchange? I know there are places giving crisp Dinars out, but I'm sure I would have to pay more money to exchange what I currently have for crisp ones from a different dealer. Am I just worrying about something that's inconsequential? The worst thing in the world would be for it to become worth some money someday and then not be able to exchange it.

Thx

Fred

-- August 6, 2004 6:06 PM ∞

Jack wrote:

Gimmeabreak,

This Ugly American Mutt will be sitting in a free country tonight, in an air conditioned room watching the great American past time, Texas Rangers v. Baltimore Orioles, with an ice cold beer in my hand. OH - by the way, Texas is where George Bush is from. Now the President of the greatest land on earth! I think I will have another ice cold beer just because of that. I'll be thinking about you down in rag-head land, with mounds of sand & 120 degree's Daily, with bullets & bombs going off. Oh, this ice cold AMERICAN made beer taste great !!! Sure wish Soriano hits a home run tonight...

Cheers from this happy American Mutt!

-- August 6, 2004 7:16 PM ∞

Scott wrote:

I could not agree with you more Jack. Oh, except for one small detail. GO A's! I have been an A's fan since I was 5 years old. Here in Alaska, there is really no "home team". It is fun to talk baseball as there are so many teams that people here follow. I really do wish you and the Rangers well. Soriano was a steal! Who needs A-Rod? I really don't think that you guys have the pitching to keep up with my boys though. I will be joining you in the beer department in about three hours. After work (in an hour) I taking the kids to go get some Salmon. They are in by the millions in the local streams. Come on up and I'll treat you to all the beer and fishing you want!

-- August 6, 2004 7:40 PM ∞

Blake wrote:

The racial and ethnic slurs being made by both sides of the argument is quite sad and disturbing.

Stooping down to this type of level is never an excuse to just try and get back at someone for insulting your country. All the arging does is show how prevalent ignorance can be found in all cultures.

It's very embarrassing that people can't summon the intelligence to rise above throwing around such elementary, derogatory comments back and forth.

-- August 6, 2004 7:47 PM ∞

M R W wrote:

proof read people,,,, proof read,,,,

-- August 7, 2004 12:52 AM ∞

Jeff wrote:

Has anyone heard when the NID is supposed to hit the trading block???

-- August 7, 2004 3:29 AM ∞

Jeff wrote:

I heard Jan. anyone know

-- August 7, 2004 3:40 AM ∞

Frank wrote:

>
WHAT EXACTLY IS THE UV LIGHT SUPPOSED TO SHOW, IS IT JUST A LIGHTER SQUARE OR DOES IT ACTUALLY SHOW SOME WRITING THAT IS ILLUMINATED? Thanks

-- August 7, 2004 10:18 AM ∞

Kevin Brancato wrote:

Cut the rude posting, or I will close this thread.

-- August 7, 2004 12:02 PM ∞

Kevin wrote:

Fred,

Unless the notes are grossly mutilated or torn in half without being connected back together, I have been told by Wells Fargo and the foriegn currency exchnage office there are no concerns. This applies to all currencies. Minor slices, torn edges, etc... should be no problem.

**NOTE TO ALL INVESTORS: I read a Washington Post article mentioning intentions for 7-Up, Pepsi & Coke to seek market share in Iraq. I will try to find the article and share it. Iraq now has 40 companies exchanging on the Iraq Stock Exchange. That number will climb to over 100 by the end of the year. With just 40 companies, the stock market in Iraq is going crazy... That's great news.

Kevin

-- August 7, 2004 2:41 PM ∞

Greg wrote:

Dan,
With reference to your comment on Aug 4, investing in the ISX, do you know when foreign investors (you and I) can actually start purchasing ISX stock??

Thanks.

-- August 7, 2004 3:38 PM ∞

Kelley wrote:

Well, my husband is over in Mosul right now and many soldiers are doing this very thing. I told him just get $1000 every month till he comes home. Which will be in about 3 mos. My family is jumping in and my best friend. Of course not as much as we are, but I have a better gut feeling and possibly have the means to do more. I told my husband we will just sit on them until we are done with school, which will be about June 06.

My question, how long do you think it will take just to get back to the .33c prewar? Or better yet match at $1/1id? I don't plan on exchanging all at once, but in increments.

I tried to find a pattern with the KD from Desert storm, but couldn't find anything. I know this is a win/win situation. Either I make what I put in or I make a ton of money. My gut never felt so right in my life. Good luck to all.

-- August 7, 2004 4:00 PM ∞

jimbo wrote:

To answer Greg and Kelley: The ISX is 'expected' to open up to foreign investors sometime by the end of August. They're currently working on their computers etc...right now using chalk boards...
The dinar SHOULD Open at least where it was before the war and when sadamn was in power. That makes the most sense, but we'll know soon enough, more foreign investment, foreign ownership of companies, banks deregulated for foreign commerce...sanctions lifted...billions pouring into Iraq...World Bank and IMF working on debt forgiveness...I posted an article way back when from the Asian times business section that said 'anonymous' was quoted as saying they expected it to open at .42 cents
Pray for the safety of our Troops and the peace and prosperity of Iraq.

-- August 7, 2004 4:20 PM ∞

Wil wrote:

im gonna be rich!

-- August 7, 2004 7:17 PM ∞

TMH wrote:

How can you buy Dinar if you are in the US?

-- August 7, 2004 8:47 PM ∞

bryan wrote:

kelly you have a long wait ahead of you to reach 1$/1 Dinar but .31 cents might be able to be achieved in a yr or so.... i put .10 at being able to be achieved with 5 months

-- August 7, 2004 8:51 PM ∞

wil wrote:

if anyone has any info on buying stocks from the isx. please post! ive been searching, but i cant seem to find anything very solid. thanks a bunch, aloha from hawaii!

-- August 7, 2004 11:41 PM ∞

EW wrote:

wil - All the info you need is at http://www.investorsiraq.com/index.php?

Recommend the Bank And The Stock Exchange Forums.

Here is a good FAQ as well.

http://www.investorsiraq.com/showthread.php?p=5174#post5174

-- August 8, 2004 4:01 AM ∞

Steve wrote:

Why wouldn't the Iraqi economy get better? The country has too much to offer. Those people deserve to be prosperous after all the years of crap. No matter who gets elected to be president, all the eyes of the world are on Iraq, and too many have too much invested in the country's success to let itwouldn't the Dinar go up? The country's fail. Whoever gets elected President needs to make Iraq a sovereign and prosperous country. America has too much to lose.

Just out of curiosity, what events would keep the Dinar from going up in value? It seems like everything is lining up for the Iraq economy to start getting better. Why wouldn't it?

-- August 8, 2004 3:28 PM ∞

Futureseeker wrote:

Purchasing dinars is extremely risky. We know that...it has been said time and time again. Purchase what you can, if you have the means. Use this website to keep in contact with like-minded individuals. We need to know the good as well as the bad news, but turning this site into a Anti-American/Muslim slander fest doesn't help anyone; it actually just wastes your own time. Bigots usually aren't smart enough to invest in anything anyway.

To call all Muslims terrorists is to allow them (terrorists) to win because we continue to breed this stupid cycle of hatred. It is easy to get emotional and type (poorly) opinionated script about "Muslims" or "stupid Americans" or whatever, especially when dealing with the FUTURE, which regardless of who is writing, we all have some interest in.

Let us---typing from the safety of our homes and those serving in Iraq, continue to have faith that this country will solve their own problems their way. Then and only then will any investment anyone has made become worth the time and effort it takes to write and proofread any script to a website, let alone what we can exchange them (dinars) for. If Iraq can not bounce back---I could care less about the money I will lose. I feel for the Iraqi people...have they not endured enough.

P.S.--I just recieved 25k notes and they are absolutely beautiful---I think the next time I am going to purchase another (smaller) denomination just to see how nice those look.

-- August 8, 2004 8:45 PM ∞

jmac wrote:

"Just out of curiosity, what events would keep the Dinar from going up in value? It seems like everything is lining up for the Iraq economy to start getting better. Why wouldn't it?"

Start with "stability" and then work your way to "inflation". Along the way, check out the Iranian Rial that was introduced at about 1700 per dollar a few years back and is now trading at about 8000 per dollar. They have just about as much proven oil reserve as Iraq does. Iran is socialistic and has been somewhat isolated by the international community, I know, but if you trace the recent history of the Rial, you'll see that you've asked a really good question in the right place.

This is a highly speculative investment -- don't invest more than you can afford to walk away from.

Creating a Central Bank seperate from the ruling branch of the gov't is a strong step towards keeping inflation in check and they are mindful of their mission to stem rapid inflation. Perhaps we'll see a currency board which will (arguably) be better news. But remember, regardless of what the current administration says, printing more currency for a new gov't is always a huge temptation and the balancing act and discipline required to keep inflation in check has a significant learning curve.

Any other insight into this pivotal question?

I do want to say that I like the fact that this forum is not being supported by/advocating one Dinar trader or another as some others. It still has the ability to allow us to engage in a real dialogue/debate American style.

Jmac

-- August 8, 2004 10:39 PM ∞

tony wrote:

http://www.investorsiraq.com/index.php?

the greatest thing that ever happened to the dinar and the best step to take to educate yourself and to make better choices on your invesment!!!

-- August 8, 2004 11:50 PM ∞

Kevin wrote:

Tony,

I have to say nonsense to your website; http://www.investorsiraq.com

I registered on this website last week, and to this day, I am unable to post. All I get is the following;

Eagleclaw, you do not have permission to access this page. This could be due to one of several reasons:

Your user account may not have sufficient privileges to access this page. Are you trying to edit someone else's post, access administrative features or some other privileged system?
If you are trying to post, the administrator may have disabled your account, or it may be awaiting activation.

SUFFICIENT PRIVILEDGES ???????? What is this? A Top-Secret, Covert website or what????? Why the hell would I need priviledges to discuss & include important information I have about this currency on this website.???

I think this has been taken too far.

Thoroughly disgusted,

Kevin

-- August 9, 2004 12:33 AM ∞

tony wrote:

how do you not have access when i see your name eagle claw viewing the board? its too bad you say its nonesense we had 70 members join within 2 days and were over 300 members strong a bombshell has just been dropped bout when the dinar opens and at how much and with the info i have bout the iraq stock exchange it all fits together but you gotta go to the board i also emailed the board owner bout your problem a few days ago maybe your just doing something wrong we never had any problems like that

-- August 9, 2004 12:47 AM ∞

Blake wrote:

Kevin, are you able to log in as "Eagleclaw" when you come to the site, b/c I don't see that name under the Members List??

Maybe try re-registering? I never heard of a person having this problem....

-- August 9, 2004 1:10 AM ∞

Kevin wrote:

Tony- Sure I can view all I want. I can't post. I keep getting message I indicated.

If you have any answers, please e-mail me.

Kevin

-- August 9, 2004 1:10 AM ∞

Blake wrote:

Did you receive your account activation email and click the link contained within?

-- August 9, 2004 1:11 AM ∞

Kevin wrote:

Tony - And I just tried registering with my full name and other e-mail.... Same message;

you do not have permission to access this page. This could be due to one of several reasons:

Your user account may not have sufficient privileges to access this page. Are you trying to edit someone else's post, access administrative features or some other privileged system?
If you are trying to post, the administrator may have disabled your account, or it may be awaiting activation.

-- August 9, 2004 1:19 AM ∞

Kevin wrote:

Blake - No, I never received the intial acct activation e-mail.

-- August 9, 2004 1:23 AM ∞

Kevin wrote:

Tony & Blake - After re-registering with my full name and differnt e-mail address, I just received the acct activation e-mail, unlike the previous time?

Forgive me for getting overly frustrated.

Kevin

-- August 9, 2004 1:35 AM ∞

tony wrote:

no problem welcome to the board.

-- August 9, 2004 1:41 AM ∞

Jmac wrote:

Tony and Blake,

You guys do a great job moderating at "investorsiraq.com". Sounds like your guy Amer at Papermoney is a pretty reliable Dinar trader-- I'll find out for sure soon enough.

Check your end...I had the same problem that Kevin had-- ie: No registration email with activation link sent...it's been about 3 or 4 days. I can login and read all I want, just can't post.

Jmac

-- August 9, 2004 1:54 AM ∞

Jmac wrote:

...And again, this time with a different email address. Message says registration link email has been sent, but no email...

I'm sure everything was done correctly...

Does "investorsiraq" have to individually approve who can post or are they just experiencing technical difficulty?

-- August 9, 2004 3:27 AM ∞

abdullah wrote:

I am confused to sell my big investment Iraqi Dinars or not. i read alot that it could be risky not only from this blog but from different sources . And even the satuation in Iraq is getting wors today in Najaf alot of confelect bettween. Please does any one knows when it's going to Open in the Market and even the News Doe's not Incourage any one for Invisting i have been watching most the arabic channels but no Indication for fast recovery,and what makes me more confused how come country Like afganistan with no Infrastructer there currency apreciated like it used to be desbit of lack of Oil reserve or gas or even agricultral resources. I start Thiking that satusation in Iraq is uniq and unbredictable. and even the financial currency strep in the news got spider nets on it does.nt move at all dang every day the same rate. what is going on. and what that action that the central Iraqi bank is taking it in daily bases. Any way I hope some people leave the hatered from this blog becuse hatred has exist million years before us and will continu if some muslim commited bad acts that cant be generlized. like in America it self i expect to be alot of heatred as we read here in some articals that has been writen by American authers. Please don't tell me no there is not cause hatred is every where it's matter how do you think it's up to you to be hater or loved person i have seen good christian and bad one also in Other religons you can find that.It's the person inside you. any way i need help on Iraqi dinar and answers for all my questions. Salam Alykum

-- August 9, 2004 6:33 AM ∞

Greg wrote:

Okay, a little good news, maybe. I live in Jordan and just had coffee last night with a very wealthy man currently owning over 250 million IQD and he is planning to purchase more. Approx 200M more. You may say, well he can afford it so why listen. I thought the same thing, and don't know for sure, but his opinion was that when the fighting in Najaf ends the stability and value of the IQD will improve. Duh! What would you think would happen?? But I thought I would pass it one.

He also said he was not going to invest in the ISX at this time. Didn't really get into too many details, but he said he was going to wait 6 months. I was bummed, because I wanted to throw in $5K and ride the wave. But I may listen to him. I've got nothing else to go on. Also there was another friend of mine owning approx 70 million IQD. He is planning on buying more, but will not ivest in the ISX at this time. I guess I won't either. But I will probably set up an account.
There you have it.

-- August 9, 2004 10:05 AM ∞

BO wrote:

Abdullah, go to this website for all your info.
http://www.investorsiraq.com

-- August 9, 2004 12:02 PM ∞

Mike wrote:

Hey, can someone explain to me the ISX. I know the IQD is the dinars but what is the ISX?? I know it has to do with iraq. (LOL) But serious what is the ISX??

-- August 9, 2004 12:27 PM ∞

Mike wrote:

Never mind. I found out what the ISX was. Thanks! Anyways. Anyone have any good news lately!! I am looking around but I don't see anything new. Have any GOOD NEWS post it!!!

-- August 9, 2004 12:34 PM ∞

tony wrote:

http://www.investorsiraq.com/index.php?

look here for good news

-- August 9, 2004 12:55 PM ∞

peter wrote:

Tony
where is good news?

-- August 9, 2004 1:37 PM ∞

James Wilcox wrote:

COME ON! I think there is a difference between being optimistic and delusional. I've also invested in dinars but everyone has to know that there is a risk in doing so. It's just as probable that we have all just thrown our money away. I think optimism is great, but how about a little realism too? Deepspace made some comments that to me made a lot of sense. I've already invested in dinars, so of course I want the value of them to go up. But be a little realistic, there is a possibility that they won't. Who know's if Deepspace is legitimate or not, but I did appreciate his comments. I think that anyone who is thinking about investing needs to look at both sides. Even if you've already have invested you've got to know that you've taken a risk.

-- August 9, 2004 5:18 PM ∞

Jo wrote:

O.K. I don't know the difference in the dinar and
ISX. Can someone please tell me?
Thanks Jo

-- August 9, 2004 6:28 PM ∞

Blake wrote:

ISX=Iraq Stock Exchange

Although there are related concepts, for your needs/interests in the dinar, it would be easier to just think of it as a completely different subject and not worry about it.

-- August 9, 2004 8:28 PM ∞

nadeem wrote:

dear sir, new iraqi dinars rate is very low why and in future 2005 one new iraqi dinar value one cents please tell me sir.

-- August 9, 2004 8:30 PM ∞

Jmac wrote:

Bravo James Wilcox!

...And still no registration email from "investorsiraq.com"...

Apparently I don't tow the line as the moderators at "investorsiraq" would wish for. Apparently one REALIST like Notre Dame is more than they can handle at one time. Amer seems to me to be an honorable businessman (as is Antiquesghaith), but come on "investorsiraq"...

Your site is full of dreamers and rumor gossips (observe Jen's latest-- and new folks under different names that support her posts and post suspiciously like her) seems to be what the moderators (heavy handidly) encourage.

If you want propaganda go to "investorsiraq"...If you want REALISM and intelligent discourse, stick with other forums. Straight up.

Jmac

-- August 9, 2004 11:30 PM ∞

jmac wrote:

Oh, by the way...

Investorsiraq: Please stop super-spamming this message board-- it's annoying.

-- August 9, 2004 11:32 PM ∞

jm wrote:

jmac
what other forums do you recommend?

-- August 9, 2004 11:53 PM ∞

Jmac wrote:

Jo:

The ISX, as Blake (Investorsiraq.com moderator) has pointed out is the Iraqi stock exchange. While there are some ostensibly outrageous buys here, you cannot purchase them and they are arguably much more speculative than investing in the Dinar which is the Iraqi currency.

Nadeem: Nobody knows the answer to your question-- if we did have crystal balls and knew the answer to your question, I doubt we would be wasting our time in this forum. But I'll tell you what-- if you find the answer to your question please post it here first.

Jmac

-- August 9, 2004 11:55 PM ∞

Jmac wrote:

Jm:

That's the problem-- there's Fatwallet and this one that I know of as an alternative-- both pretty much defunct. I think that's precisely why "Investorsiraq" has taken such a turn. We really need to re-launch this site as a site for REALISTS who consider all the risks and do not encourage "selective information". I like to dream as much as the next guy, but my preference is for like minded people who have a thirst for unadulterated information.

I'm no expert, although I do have an MBA-- not in international currency trading-- and understand (to a small degree) the macro political/economic environment that we're all seeking to understand in Iraq. I'll try to answer any questions I come across, but I'm sure I've got more...

Jmac

-- August 10, 2004 12:06 AM ∞

tony wrote:

jmac the members of investors iraq made this board what it is if not for us there would have been no info to look up i suggest you join both board and educate your mind and stop being so ignorant.

-- August 10, 2004 12:33 AM ∞

Blake wrote:

jmac,
honestly, there is no conspiracy at investorsiraq to keep you from posting. the entire activation process is automated. you must not be registering correctly like the other person wasn't. try to re-register again and look for the activation email sent to your email address that you list.

I agree that there are alot of "dreamers" on the investorsiraq forum and you do have to muddle thru some misinformation and hyperbole, but there are certain informed posters I look for, and i really only take to heart their posts. i wish we could limit the amount of posts and uninformed posts that occur on the forum, but right now, that hasn't been possible.

Finally, the founders and moderators at investorsiraq were actually the very people that started the thorough discussion on this site at T&B. alot of times at investorsiraq, we just don't feel like repeating our long analyses from the original T&B thread and just give short responses to the same repeated questions. so then its easy to pass over them and just be overwhlemed with the mounds of "puff" on the board.

if you go back and read through the best responses on the original T&B thread in the HTML file, you will see they are from almost all investoriraq members.

-- August 10, 2004 1:15 AM ∞

Jmac wrote:

Tony: You're an idiot.

Blake: Agreed. But you have to admit, there haven't been a lot of "value added" posts recently to you're forum.

Jmac

-- August 10, 2004 1:30 AM ∞

Blake wrote:

That's why I haven't been posting that much on the dinar there lately. ;)

Right now, there just isn't that much new information or new issues that have not been analyzed at some point in my research on T&B or on the investorsiraq forum.

So, unfortunately, I think alot of people on the forum have resorted to posting whatever inane thought that comes to their mind. And that adds up to alot of drivel.

-- August 10, 2004 1:42 AM ∞

Jmac wrote:

Methinks that this whole bout of "instability" in Iraq is a calculated bid to diminish Sadr's power. Sadr would've played along if he was given the clout within the new administration that he thought he deserved. Fact is Sustani (please don't hold me accountable for Sp.)has a much wider appeal within the majority Shia population and the new administration would rather him (being the relative moderate that he is) be the main Shia man. The new admin probably wasn't big enough for the both of them. How convenient that Sustani leaves 2 days before this "radical mop-up" operation.

Look at Allawi go-- he is the "new Iraqi hard man" as I heard him called several times in the media tonight. I think this vetting of the new administration and simultaneous calculated diminishment of the Mehdi extremist forces bodes well for our dinar investments-- in the long run of course...Just hope that the new administration's calculated risk doesn't foment mass Shia uprising/civil war...

Any other thoughts?

-- August 10, 2004 1:49 AM ∞

Blake wrote:

I'm keeping my fingers crossed and my eyes glued to the scene at Najaf.

It does look like they are having more success making strides against Sadr this time, & that there may be a breaking point coming soon in the scale & frequency of the insurgency overall, but I may just be too optimistic in that regard.

I really do like Allawi in charge though, i'll tell you that. He seems unafraid, determined, and possesses the integrity & confidence the region needs right now.

One question I always had, will Allawi be eligible to run for "re-election" in the coming January elections or is he definitely only an interim leader?

-- August 10, 2004 2:01 AM ∞

Jmac wrote:

Hi Blake,

I'm no expert, but my own thoughts are that Allawi's chances of re-election depend on what he does in the next several months. It was no accident that Allawi was chosen for this job by CPA. Even as 20 year expatriot of Iraq, he always had the reputation of being politically tough/unrelenting. I would bet some US dollars that his popularity with the Iraqis skyrockets if he keeps this "tough as nails" approach up. They are used to and need a strong leader. There is no real Iraqi state right now -- it exists for the Iraqi people in Allawi-- they all want security and a tough leader more than anything-- hey, many beleive that a strong leader is what prevented civil war up to this point.

What he's doing right now is drawing a line in the sand-- he's deviding the extremists from the more moderate... It's do or die for him now. My money's on him-- he's an adept politician as well as a tough man. There are serious risks though: This battle against the Mehdi (SP?) is taking so long because they are literally hiding behind religious artifacts/mosques/etc. The Marines can't just blast these several hundred extremists without perhaps ruining Ali's shrine, etc. This would be the political third rail for the new admin.

Sadr City is also a powder keg. Doesn't seem like there's huge support for Sadr-- most see him for what he is -- a meglomaniacal extremist, but there are enough 17 , 18 year old poor kids without a future in that ghetto who'll trade their lousy future for martyrdom/ a higher calling in a second.

My view is that this is that this whole Sadr thing is no accident-- it's a calculated/ orchestrated effort to destroy as many Mehdi extremists who won't play ball as possible-- I just hope they know what they're going to do in Sadr City or what they'll do if the marines destroy a significant religious artifact during their routing of the Mehdi.

This situation can go two ways: Allawi comes out a winner and Sadr and his Mehdi--the biggest thorn in the side of the future elected gov't-- are too weak to not go along or the thing spins out of control and the greater Shia population is further alienated from the new admin. Either way, the Dinar wait and see game we are playing gets facilitated-- ie: if this thing doesn't spin out of control, I'll have a lot more faith in the stability of the gov't.

Anybody else?

-- August 10, 2004 2:30 AM ∞

tony wrote:

lmao jmac your a fool amazing how no one gave a shit bout iraq but now that they stand to make a penny they all want it to survive your pathetic all you care bout is the money you dont care bout the people there fuckin dork.

-- August 10, 2004 7:06 AM ∞

Greg wrote:

On a slight different note, I just purchased another 2M IQD at the local money exchange yesterday (in Jordan). Can anyone confirm the World Bank will "recognize" the IQD on 1 Oct. More mere rumors I suppose and I don't even know what that means. I'm researching it and will post anything I find out. A Jordanian friend mentioned it to me...here we go again.
The feeling over here is, I guess, somewhat positive...some excitement about the IQD. There seems to be a slight mis-trust of Iraqis, when it comes to engaging in business. I give them the benefit of the doubt however, as they have been through a lot recently.

-- August 10, 2004 9:35 AM ∞

kevin wrote:

Hi

I am looking to buy 1 million Dinar, can anyone tell me if It is possible to buy from the banks in Iraq from the UK. All of the internet sites selling Iraqi Dinar are ridicuously inflated prices. I want to buy Iraqi Dinar at approximately 1460 = 1USD. Many Thanks

-- August 10, 2004 9:50 AM ∞

kvn wrote:

AMERICA'S FUTURE LOOKS...
preeeeeeettyyyy bleak!!

and it aint having to hear what the whole world says about how much
the whole world hates america and about how bad americans are forever.

and it aint being regarded by the entire human race as the worst mutts
genetically born in the history of mankind living in the only country
in world history hated by the entire world.

and it aint having to live with with amber alerts and paranoia and
duct tape and tarps forever.

and it aint knowing that the world's hatred of america and the dehumanization of americans
was done before to the jews in nazi germany.

and it ain't the dollar bubble collapsing and being dumped by the world and the 7 trillion in debt collapsing on a big mac/coke service economy.

and it aint even having every terrorist in the world always targeting
america and americans with dirty bombs and anthrax and cropdusters and
viruses.

its really just having to live in a third world penal colony with a falling
double digit national iq and a third world education and third world religious views filled with millions of illiterate violent murderers and rapists and child molestors forever with a culture of joe millionaire and the bachelor and for love or money and temptation island and
married by america and mr personality and rap music and britney and
nsync and laci peterson and oj and kobe and tonya harding and michael jackson
and mike tyson and paris hilton and susan smith and monica lewinsky and clinton and bush and la riots and sleaze and hedonism and narcissism and bread and circuses and barbarians at the gates and aids and the world chanting 9/11s every day!..........

-- August 10, 2004 10:57 AM ∞

Scott wrote:

Hey Kvn,

Move. Land is cheap in Afghanistan.

-- August 10, 2004 12:01 PM ∞

EW wrote:

I think someone is getting a big head

-- August 10, 2004 12:39 PM ∞

tony wrote:

i hate americans especialy white americans!!!
and i praise allah for the day of your extermenation!!!

-- August 10, 2004 1:27 PM ∞

Jory wrote:

wow tony and I really liked your comments on this page. this is comming from a white american

-- August 10, 2004 2:30 PM ∞

peter wrote:

Tony
Why you hat American, is all American's fuck your mother in one go?

-- August 10, 2004 2:50 PM ∞

Life Liberty & the pursuit of happiness wrote:

America is a shining light, the crystal city on the hill. A beacon for all. Stop watching trash television and start reading.

-- August 10, 2004 4:42 PM ∞

Kelley wrote:

Tony, just so you know it was white americans that helped to develope the software, the programs, and probably the computer your using now. Don't tell me you have Microsoft. You do know Bill Gates is pretty white. :) DON'T HATE!

-- August 10, 2004 6:06 PM ∞

Blake wrote:

Tony didn't make the comments attributed to him. Obviously, it was someone who just typed in the name "tony" and plugged an email address to make him look bad.

-- August 10, 2004 6:19 PM ∞

Futureseeker wrote:

These angry people just serve as a distraction to the issue...we (as a country) have invested our military, political support, economic support (with more to come for sure), and more sooner than later the rest of the world will join the Iraqi people to help them help themselves.

The Iraqi people have been offered a chance--they can use this chance to help or hinder themselves. If they help themselves, they and those who have invested will reap the rewards. If they fail, who wins then?

The next generations of Iraqis will have to look back at a missed opportunity. Again, the Iraqi people will and must determine their own fate. They will do what is necessary to ensure their interests...Hopefully.

-- August 10, 2004 7:22 PM ∞

Jo wrote:

Kevin, I am new to all this, but I went to ebay after doing a little snooping around at the sites and found Amer who sells under the name dima89 and bought for $897 per million. Bought last Friday and they are being delivered tomorrow according to dhl. He was very dependable and had come recommended by people on several sites. Hope this helps.
Jo

-- August 10, 2004 8:07 PM ∞

JESUS CARO wrote:

GO FOR IT !! DONT BE SORRY WITHIN A COUPLE OF YEARS, WHAT MAKE YOU THINK THAT THE VALUE OF THE DINAR WILL NOT COME BACK LITLLE BY LITLLE, EVEN IF YOU NOTICE THAT IS NOT COMING BACK TO ITS VALUE AS YOU EXPECTED YOU CAN ALWAYS SELL IT AND MAYBE GET MUCH MORE OF WHAT YOU PAID IN THE PAST,FOR THOSE PEOPLE THAT THINK INVESTING IN THE IRAQI DINAR IS NOT A GOOD IDEA , WHAT MAKES YOU THINK THAT IRAQ'S ECONOMY WILL NOT PROSPER??? MAKES NO SENCE TO SEE THE DINAR 5 YRS FROM NOW STILL THE SAME IN ITS VALUE IT WILL MUCH BETTER BELIVE ME, CARO

-- August 10, 2004 9:22 PM ∞

beone wrote:

I have no previous knowledge about any of this, but my question is; How do we know that we are not funding Al Qaida when purchasing the Dinar? I am seriously considering investing. Also, where will we go when we want to cash in?

-- August 10, 2004 10:08 PM ∞

Blake wrote:

Although it wouild be impossible to conclusively prove that no dinar sellers is an Al-Queda member, I don't think al-Queda members are showing at the Iraqi gov't daily bulk auctions to purchase the uncirculated currency.

For me and many others, we have gotten to know Amer (Ebay userID: Dima89) very well and I am convinced he is not part of any such conspiracy.

When the dinar opens back up on the FOREX market becoming a tradeable currency again, it will be very easy to exchange your dinars for dollars at several national bankns across the U.S.

-- August 10, 2004 10:45 PM ∞

Frank wrote:

>
Well, I got news for you, you cannot buy it at 1460 ANYWHERE, EVEN IN IRAG IT WENT UP TO 1434 FOR A DOLLAR. The link is below. Good luck.

http://fxtop.com/en/historates.php3?C1=USD&C2=IQD&DD1=06&MM1=06&YYYY1=2004&B=1&P=&I=1&DD2=10&MM2=08&YYYY2=2004&btnOK=Go%21

-- August 10, 2004 11:50 PM ∞

Blake wrote:

Frank said:
"Well, I got news for you, you cannot buy it at 1460 ANYWHERE, EVEN IN IRAG IT WENT UP TO 1434 FOR A DOLLAR."

So, it went up a little bit. It's been increasing and decreasing in those small increments for a few months now. It's not really "news".

-- August 10, 2004 11:57 PM ∞

bugman wrote:

When will the iraqi dinar open up to the markets?

-- August 11, 2004 1:01 AM ∞

Blake wrote:

We're not sure yet. the inside info is being kept under wraps for now. Best guess right now seems to be between October-December, but it's just an educated guess.

-- August 11, 2004 1:10 AM ∞

Casanova wrote:

Hello All!

Guys, your excitement at the propect of iraqi dinar appreciating its value in future is justified. It will definitely go up.... but perhaps it will take time and patience. with the existing law and order situation in iraq, nothing positive can be predicted. So make it a long term investment and hang on till the situation gets better.

How can one expect a stronger currency in a war torn country like Iraq, where everything needs to be revived, every sector needs to be resusitated. If you All guys have the patience to wait till the political and economical stability comes in iraq, you are the lucky one, otherwise keep yourself happy by just keeping those beautiful iraqi notes under your pillow.

-- August 11, 2004 1:42 AM ∞

Jmac wrote:

"wow tony and I really liked your comments on this page..."

What's there to like? I'll send you 1 mil IQD if you give me just one instance of a value added post made by tony-- on this forum or the other one he's been spamming for.

It may be that somebody posted with tony's username (if that's possible in this forum), but I wouldn't be a bit surprised if "tony's" last lovely post was his.

Tony: Try using some punctuation in your peurile flame needs...

-- August 11, 2004 4:10 AM ∞

peter wrote:

PLEASE SEE THIS LINK.

http://www.msnbc.msn.com/id/5648755/

-- August 11, 2004 4:20 AM ∞

Jmac wrote:

"When will the iraqi dinar open up to the markets?"

Well, if you believe the rumor mills over on "investoriraq", it'll be August 18th.

One KBR spouse over there says she saw some sort of document that she has not yet produced (I still don't know how she can see it when she's in TX and her spouse is in Iraq and still not have a digital copy to produce).

It's not clear if the "memo" came from a "Big Head" (local currency trader) or KBR -- (I still can't post to ask her that question). But my view is, if some Iraqi nationals can forge 250 Dinar notes, they can surely forge a memo from the central bank stating the opening price will be 33 cents to boost sales a bit...

-- August 11, 2004 4:28 AM ∞

peter wrote:

Jmac,

what is KBR and TX. Could you please explain?

-- August 11, 2004 5:01 AM ∞

JGD wrote:

Many military and non-military people in Iraq and the surrounding countries are convinced the Dinar is going much higher and are buying. It will be a wonderful windfall and blessing to have all of these people who have sacrificed for Iraqs freedom from the tyrant be rewarded by a higher Dinar. This would be a wonderful extra benefit for them and their families back home.

-- August 11, 2004 10:16 AM ∞