Truck and Barter: Iraqi Dinar Discussion (July 22, 2005

Iraqi Dinar Discussion (July 22, 2005 - April 30, 2006)

By Kevin

AS OF 4/30/2006, 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.

-- July 22, 2005 4:50 PM | Permalink

Comments

outlaw in Iraq wrote:

Albert,

One other thing? Why would every one be "DUMPING" their 25,000 Dinar bills??? If one is just going to exchange it for another currency then what would it matter what denonination you are exchanging???

Why would anyone want to do business with a small mom and pop currency exchange that may not have enough USD on hand, when you can get a better rate at a bank???

My advise my friend, is to pucker-up tighter when someone blows thick smoke your way!!!

Outlaw

-- July 22, 2005 6:16 PM ∞

JimmyP wrote:

Can anyone relay and current info on HSBC banking
group opening any branches in Iraq?
Thanks

-- July 23, 2005 12:54 PM ∞

outlaw in Iraq wrote:

JimmyP,

I contacted HSBC about a month ago and they told me that they did not have any current time table that they were working with but they would add my e-mail address to a contact list and notify me when they are ready to do business in Iraq.

Outlaw

-- July 23, 2005 1:41 PM ∞

Ziarian wrote:

what does it mean ?

" About formative reasons of continuation in the monetary inflation, from which Iraqi economy suffers, Al Ani clarified that the real problem which stands behind that is the stop in the operations that contribute to withdrawal of the monetary block or that it is weak in the time being. Part of it is the fees, taxes, customs, and returns from the services and other resources, It is possible to activate this operations after releasing the constitution of the country on its basis the laws and the instruction will be built. "

-- July 23, 2005 4:48 PM ∞

outlaw in Iraq wrote:

Ziarian,

Where did you get this quote from? To me it sounds like the reason the Dinar is froze is because of the lack of any revenue collection sources, which of would be specified and implemented with the new Constitution.

Makes sense to me. I'm betting that Christmas 2005 is going to be a good one for all of us.

Outlaw

-- July 23, 2005 6:39 PM ∞

JimmyP wrote:

Thanks Outlaw for the HSBC update. I see they have branches here in the USA that one could open an account with. And Thanks for all you do.

I also appreciate Ziarians perspective as well.

-- July 23, 2005 9:06 PM ∞

outlaw in Iraq wrote:

Where did all the Bible thumpers go???

Outlaw

-- July 24, 2005 5:13 PM ∞

Bruceleeroy wrote:

LOL@Outlaw

-- July 24, 2005 7:28 PM ∞

Jimmy P wrote:

I think a technical glitch cut off the last thread at about 11 am on July 20. I do not understand all of the ins and outs of the
hows or whys. But I will be watching this week to
keep up on any exciting developments.

-- July 24, 2005 7:59 PM ∞

Kevin Brancato wrote:

You can read the cut off comments on the June 22 to July 22 post here.

http://truckandbarter.com/mt/archives/2005/06/iraqi_dinar_dis.html

Sorry about the glitches. I recently upgraded the software to give me greater control over the 2000 comment spams I was getting per day, but the new software renamed all the files, meaning two days of comments were not posted to the "old version".

But it's working fine now...

-- July 24, 2005 9:31 PM ∞

outlaw in Iraq wrote:

Albert,

One other thing my friend... Do you really think that it is a very good idea to send some Arab in Iraq your Address??? Remember we are at war. I believe that there are cells working in every town in the states waiting for information like this to make an example of the typical greedy infidel. Greed is a pretty stupid reason for getting your family killed.

Security is an issue that everyone must maintain. I would re-think this my friends.

Outlaw

-- July 24, 2005 9:46 PM ∞

john wrote:

Hope this new thread stays on course with DINAR chat.

Dream big all, just don't force your beliefs down others hatch.

-- July 25, 2005 8:07 AM ∞

SGT at SPOD wrote:

Outlaw,

That seems to be the consenus with the Kuwaitis here too. The issue that they say is the sticking point, is how the oil revenue/oil investment capital will be controlled within the Iraqi Government. Specifically, the requisition and payment to petroleum transportation/export providers, and which agency will ultimately control oil export investment(Economics Minstry,Petroleum Ministry, or the Petroleum Ministry). They say here that the constitution will address the economic structure for control of revenues, which Saddam's economy lacked. like I stated in previous posts, once they establish the basic Governmental infrastructure, we will see movement on the IRD.

Take it easy, and be safe, Outlaw........

S at S

-- July 25, 2005 8:09 AM ∞

Ziarian wrote:

Outlaw this is the research study from which i got the Above qoute.

Baghdad - Assistant general manager of external exchande in the Iraqi central bank Abd AlSami Alani announced the automatic continuation of the central auction and in daily form and that its balance of the foreign currencies in continuous increase, in spite of rise size of dollar sales through the auction.

In a special meeting with ( Al Sharq Al Awsat ) he added that there is a new directions accomplishes in charging the active branches of the central bank in the northern and the southern areas, to process the auction operations within the defined mechanism, with the preservation on stability of exchange rate in Iraq, especially that the operation of selling in the auction have achieved the purpose, which is the stability of exchange rate of the dollar against the Iraqi Dinar, which is considered the main goal for managing monetary policies by the bank.

He added that it is not necessary that the bank continue selling, because it assumes that the auction can be practiced by the under supervision of the central bank, by considering it as one of its instruments, through which its monetary policies executed by its intervention in the sale and purchase and in the occurrence of any shake that can effect the exchange rate.

About formative reasons of continuation in the monetary inflation, from which Iraqi economy suffers, Al Ani clarified that the real problem which stands behind that is the stop in the operations that contribute to withdrawal of the monetary block or that it is weak in the time being. Part of it is the fees, taxes, customs, and returns from the services and other resources, It is possible to activate this operations after releasing the constitution of the country on its basis the laws and the instruction will be built.
As for time being ,there is only one mechanism to contribute in a big withdrawal of the monetary and have an impact on the inflation averages towards the drop ,that is the auction mechanism of selling of the currencies.
While in regard to how the needs of the ministries secured, he cleared the the government offices needs of the dollar will be fulfilled through ministry of finance , were it should allocate a share for each ministry from the Dinar and the dollar within the general budget each year, therefore the central bank ordered all banks to not entering the auction operations with the aim of purchasing for the offices, that is not to aid the inflation of the sales. About entering other currencies beside the dollar for auction assistant manager of the exchange clarified, that the central bank avoids in the time being introducing other currencies for auction (in exclusion of the dollar), for the unavailability of the balance from those currencies, the dollar is chosen to be considered as the currency of the measure for price-setting, for all foreign currencies, just as that the future of the Dinar in the external dealings is still limited, and it is now considered as an intermediary currencies as for Kuwaiti Dinar ,Jordanian Dinar and the Emarati Dirham, and likewise eastern currencies, like Russian and Romanian. The bank in the time being is working on the measures taken to make the Dinar as a convertible currency in the future.

Naseer Ali
Al Sharq Al Awsat

-- July 25, 2005 12:49 PM ∞

RYAN wrote:

THIS IS FROM ZIARIANS LAST POST
I LIKE THE LAST SENTENCE, REAFIRMS MY THOUGHT OF THEM NOT DUMPING THE CURRENT DINARS AND PRINTING NEW ONES...ITS COME SO FAR AND DO NOT WANT TO LOOSE MOMENTUM... ANY THOUGHTS ON THE ZERO DROPPING...I FEEL THIS IS ALSO FALSE WHAT KIND OF MESSAGE WOULD THAT SEND IRAQIS, TO WAKE UP ONE MORNING AND FIND OUT THAT THE CREDIT CARD YOU JUST GOT BECAUSE IT IS NEW OVER THERE, THAT YESTERDAY HAD A 10,000 DINAR LIMIT NOW HAS A 10 DINAR LIMIT????OR HIS SAVINGS ACCOUNT THAT HE HAS ACCUMULATED OVER THE LAST 3 YEARS PROBABLY DIFFICULTLY, IS WORSE THAN HE STARTED OFF WITH...

"for the unavailability of the balance from those currencies, the dollar is chosen to be considered as the currency of the measure for price-setting, for all foreign currencies, just as that the future of the Dinar in the external dealings is still limited, and it is now considered as an intermediary currencies as for Kuwaiti Dinar ,Jordanian Dinar and the Emarati Dirham, and likewise eastern currencies, like Russian and Romanian. The bank in the time being is working on the measures taken to make the Dinar as a convertible currency in the future."

-- July 25, 2005 6:27 PM ∞

JimmyP wrote:

Concerning dropping zeros on currency: The percentage of printed dinar in the higher denomination is lesser in the 10,000 and 25,000 amounts, and it is a foregone conclusion that as
these bills get recirculated into the intra banking circles, they will be most useful as
bank to bank instruments to satisfy certain banking needs. Alternative viewpoints encouraged.

-- July 26, 2005 3:57 AM ∞

BOB wrote:

Hi Fellas:

Great to be back with you. I got cut off of 7-20-05 and assumed that Kevin had disbanded the site and all the participants had scattered.

I get a little harsh in my comments sometime but be assured that I have warm personal regards for all of you and I have read so many of your comments that I feel that I know most of you.

Again, great to see that we are all intact.

BOB

-- July 27, 2005 10:47 PM ∞

Anonymous wrote:

hi Kevin , on your previous thread, the last post is from you saying that "their is a new thread", but the link you provid is not working is because their is a mistake......the page address on clicking change too http://truckandbarter.com/mt/archives/2005/07/iraqi_dinar_dis_2.htm

the mistake is that you forget to put "l" in the end

http://truckandbarter.com/mt/archives/2005/07/iraqi_dinar_dis_2.html

it works

-- July 28, 2005 12:36 AM ∞

Kevin Brancato wrote:

Thanks for the info; I'll modify the link later today

-- July 28, 2005 7:03 AM ∞

willie wrote:

where's Carl and Sara? Did they get the boot?

-- July 28, 2005 11:49 PM ∞

BOB wrote:

Come on fellas:

While we are waiting for the experts like Carl and Sara to get hooked back up, lets hear from some of you who have bitches and pent up anxieties about the progress of the dinar or someone on the T&B whom you do not like.

Sara and Carl were our leaders, but they are disconnected so some of you have to step forward and MC the T&B.

I am a charter member of the T&B and I monitor what everyone says. I am an old coot and do not enjoy many things in life anymore, but I thoroughly enjoy the T&B, so lets get it back up and running like it has in the past.

BOB.

-- July 31, 2005 10:49 PM ∞

Anonymous wrote:

To all my friends back in the sand...throwing up a hand and waving at ya from the land of the big PX...

Enjoying myself and hoping everyone there is safe and sound!... see ya too soon!

Outlaw

-- August 1, 2005 1:59 AM ∞

snowball wrote:

Outlaw: Things will be quite here.....but keep on doing your thing. GO DINAR!!

-- August 1, 2005 9:51 PM ∞

okie wrote:

Just returned from R&R via Baghdad. As always, I try to observe what's happening at BIAP. Again, I got a warm fuzzy feeling on what I saw. More business people, more families, more smiles and laughter...even from the customs people and just a general feeling that things were slowly but surely returning to normal. Prompted me to buy some more Dinar ASAP after my return. Things look good on the ground over here.

-- August 2, 2005 12:33 AM ∞

ELVIS wrote:

I have been off the computor for 6 months .Ijust came on to see what's happening with my Dinar's, and I found your comments to each other. All we have to do is wait awhile. we will allbe doing very good.Iused to be a Entertainer for years, I think I 'LLbe having a come back. WHAT IS URL ELVIS

-- August 2, 2005 9:00 PM ∞

Anonymous wrote:

http://www.theopenpress.com/index.php?a=press&id=2870

-- August 3, 2005 6:28 AM ∞

Bill1 wrote:

BoB,

To answer your question, concernig "expressing pent up anxieties regarding to the progress of the dinar" (while we wait for the leadership to arrive) - I personally have none.

I learned from Terrance (I believe it was) to simply leave it be until its time. I still look in on the T&B from time to time [not 4/5 times a day like I used to] to see what's cooking (the latest debate, bit of information, or what-have-you). But, I guess I just got burnt out, and now I simply refuse to stress over the value of my dinar anymore.

My bottom line:

1) Iraqi Constitution completed this month; 2) ratified by October; 3) next set of elections to take place in December - pretty much after all that I'm looking the dinar to open on the world market sometime NLT next summer. It would take something major to knock it off track at this stage of the process.

If it happens sooner ...great. If later - that's OK too.

There's just so much more going on in my life, other than watching this pot boil.

Cheers, and good luck to all.

Bill1

-- August 3, 2005 3:30 PM ∞

BOB wrote:

Bill 1

I agree with you 100%, if you can't aford to lose then don't roll the dice.

It is like Bill Gates said in 1987 when the Stock Market fell 1500 points in four days and he lost 18 billion dollars. He said "I've still got 50 billion", so no big deal. That has to be our attitude. Noone should gamble money that they need on the dinar. I firmly believe that the dinar is going to give us all a good profit but it is a gamble.

As I have said many times, Mr. Bush is going to make Iraq succeed even if it bankrupts this country so we are along for the ride. I am one of the 44% who still approve of Mr. Bush even though I disagree with several of his goals. He
is still the lesser of two evils. BOB.

-- August 3, 2005 9:24 PM ∞

RON wrote:

hI all,glad to be back.Kevin thank you so much for all you do for the bunch of us.Hey nid gang hope you are still here,and ready to post good news.Hey Terrance the nid train is still onGood luck to all and Iraq.Ron

-- August 4, 2005 9:17 AM ∞

Carl on Wilson Lake wrote:

Hey! Guys!
Sara sent me a email the T&B was up and running again. Good! to see you guys hung in there.

Thanks Kevin for getting it back up...

bill 1
I agree with you. It is going to be after the constitution is radified before the dinar makes any significant move. I am now in the process of ending my TAD with the Coast Guard, and will be back in the office next week.
Best Wishes to all..
Carl

-- August 4, 2005 10:00 AM ∞

XXX wrote:

Hello all,

I have something I would like to try and get someone else's opinion on. See, I have invested a bit into this whole NID thing, and like many of us, I hope it's better than the lottery.

However, I recently read an article that disturbed me very much. Basically it said that under Saddam regime, civil servants were paid around 7500 dinar/month. During that time, the dinar was a little more stable, and this amount was roughly equivalent to about $350 USD. The article went on to say that the civil servants today are being paid around 300000 NID or $200 USD/month.

I am disturbed by this because it dawned on me that there is no way the NID can come anywhere near opening at this magical $.41 per $1. If this did happen, the average Iraqi would be making $123,000/month USD equivalent! Even if they did scale back the pay system, if any of the locals have been able to save half there pay since Oct 03 (when the NID came on-line) they would have over $1.1M in the bank!

Let me put it another way.....let's say the average middle class Joe here in the good ole' USA makes about $5000/month. If the same type of thing were to happen here in the US, and our currency would basically increase 600 fold....that same Joe would now make $3M/month. Now unless the cost of everything in the country goes up in price in equal fashion...this is impossible!

So I'm not trying to rain on the parade here, but can someone please tell me how this can even become a reality.

Lord I hope I'm wrong!

-- August 5, 2005 4:26 PM ∞

Andy wrote:

You guys might want to catch up with what is really going on a the IIF website. NOW!

-- August 6, 2005 7:55 AM ∞

GAURANG wrote:

WE HAVE LOT ON NEW IRAQI DINARS CAN V REALLY INVEST IN IT ? & HOW LONG IT TAKE TO BE LISTED IN FOREX MARKET ??

-- August 6, 2005 3:44 PM ∞

Bill1 wrote:

XXX,

To answer your concerns about civil servant pay, and the cost of living in Iraq - I offer the following:

If civil servants are currently making the equivalent of $200.00 a month USD (approximately $2,400.00- annually), then we need to be realistic...

The poverty level in the U.S. is about $1,000.00 per month (give-or-take), and that is of course based on our cost of living.

I don't know what it currently costs to live at a decent standard in Iraq, but I'm certain it's not $200.00 USD per month; and certainly can't stay at that level, as Iraq eventually fulfills it's long-term projected levels of prosperity.

Maybe they're currently getting by, as they patiently wait for things to get better; but to believe that $200.00 USD per month is as good as it's going to get in Iraq is a sad stretch of the imagination.

The Iraqi people are no different than us, and have all the basic needs we have; i. e. a home, a car, food, utilities, appliances, clothing, etc, etc. And, pretty much the costs of quality goods and services is just about the same worldwide.

So, based on the reasonable logic of the statement above, I see the average median income of a civil servant worker to increase to a level somewhere close to our (U.S.) poverty level - again to about $1,000.00 per month.

There's your 500% increase!

Also, ..."if"... they need to adjust their pay to compensate for the exchange rate, don't think they won't hesitate to do so.

Three hundred thou in Dinar per month today, or 500 dinar per month tomorrow - as long as it equals their "current" pay rate its all the same.

Remember Iraq is a country rich in many ways. What we're seeing, and what they're experiencing today is merely a transition phase - not the expected norm.

Cheers,

Bill1

-- August 8, 2005 11:21 AM ∞

Anonymous wrote:

To All,

Andy brought up the IIF Website above, and for us to, "check it out NOW!".

After checking their site I pulled down these two articles:

[very good reading by the way]

http://www.iif.com/press/pressrelease.quagga?id=115

http://www.iif.com/press/pressrelease.quagga?id=100

There's probably much more relevant info on their site, but that's for "you" to research at your leisure.

The bottom line is, "the info and projections are all good-to-go.".

Thanks Andy.

Enjoy,

Bill1

-- August 8, 2005 4:32 PM ∞

Anonymous wrote:

http://www.imf.org/external/country/irq/index.htm

new one 3 august thomas dawson,some thing happning on 16 august 2005.

-- August 9, 2005 12:14 AM ∞

Dean wrote:

What happens if........

Saddam goes to trial, and is found not guilty on all charges?

If you don't think this can happen, remember he is going to be tried by Iraqi citizens whom probably hate America more than they hate Saddam.

Saddam will tell the Iraqi Jurors that America is illeagly occupying his country, that the attack is unjustified because there are no weapons of mass destruction, and that he is the legal legitimate elected president of Iraq and that the occupying government, and this court is illegitimate.

This can and may happen.

If O.J. got off with American Jurors, Saddam may get off with Iraqi Jurors.

Maybe we should have invested in the old "Saddam Dinars."

-- August 9, 2005 10:32 PM ∞

Bill1 wrote:

Not much activity here at the T&B lately.

(I don't think many people can find this new thread, since there was no forwarding link posted at the end of the old one - I know I had a great deal of trouble finding it)

Anyway...

Dean,

I think you have a real point, and timing is everything in the case you bring up.

I don't think anyone should even consider trying Saddam until next summer - or even later. A good level of success must be present in Iraq to demonstrate that this transistion the Iraqi people are having to endure is far better for them than anything under Saddam's rule.

One catch with all of this is, the longer this takes to resolve the more the people will forget how "Bad Things Really Were Under Saddam" - even to the point that they may begin to believe, "Hey, compared to this, Saddam's rule really wasn't so bad after all.". And, if that's allowed to happen it's going to get real ugly / real quick.

The new constitution and government must firmly be in place first to give real legitamacy to any court proceedings. To attempt to try Saddam, say "tomorrow" would be diastrous.

Once the country becomes say, 85/90% secure (I mean "really" secure - not just using land mass as a scale), and the people are truly better off, then I think Saddam will be tried and found guilty. O.J.'s trial may have been (arguably) the Trial of the 20th Century, but make no mistake; Saddam's trial will definitely be the trial of the 21st Century.

Bill1

-- August 10, 2005 9:42 AM ∞

RON wrote:

Hello all
Hey terrance you and the NID gang still out there.
Good luck to all and Iraq.Ron

-- August 10, 2005 5:59 PM ∞

Dean wrote:

I hope Saddam is not aquitted. But we have put ourselves in a vulnerable spot.

We have put our "balls" in the hands of Iraqi jurors who could completely undo what we are attempting to accomplish in Iraq.

Do you realize what could happen if Saddam is aquitted? What would the U.S. do?

Cival war? Saddam back in power?

Do we pull out, and let Saddam retake power?

All our efforts would be for nothing.

I hope it does not happen, but stranger things have happened.

The outcome of this war could very well be in the hands of a select few Iraqi Jurors at Saddam's trial.

If Saddam is found guilty, we continue building a democracy in Iraq and fighting insurgents.
But what if he's aquitted?

The war is over , and we leave, and Sadam retakes power? Right?

-- August 10, 2005 10:55 PM ∞

Vic wrote:

Hi everyone.

Have been reading these post and find it very interesting and exciting! Hope in time it will all pay off. But, regarding Saddam, I think you aught to read more about him, his family, and his leadership. A book that came to mind was "Mayana" (Hope that is the right title). Her family has been a part of the government and history for generations. I am not worried about Saddam - there were too many faithful Iraqi people who's lifes and families were destroyed because of him. Too much pain and loss....

I am proud to be an American, proud of my Government, and pray for the soldiers that are putting their lifes at stake for freedom!! God bless and protect them all!!!

-- August 11, 2005 3:25 AM ∞

Vic wrote:

Sorry Everyone,

Correction made to my previous post regarding the book Mayana. It is, "Mayada: Daughter of Iraq". It was written by Jean Sasson and is really interesting.

Good luck to you all!

-- August 11, 2005 3:45 AM ∞

Bill1 wrote:

Would someone post the link to this new blog (an extension of the old one) on the old blog website, so the information flow can continue????... Please.

In my humble opinion; its either that or discontinue it all together, because it just sits here idly day-in and day-out.

To commnet on Vic's post above:

I had a look at the book Vic (front & back flap), and it looks to be a very good read!

When it comes to the many tens of thousands of Iraqis like Mayada - and all they've had to endure under Saddam - it become crystal clear why we must forge ahead in the rebuilding of Iraq. Loosing this war and not bringing Saddam to justice is not an option.

Bill1

-- August 12, 2005 12:41 PM ∞

Dean wrote:

August 12th, 2005

Gas just increased to $2.59 a gallon for regular unleaded here in St. Louis , Mo.

This is not good.

I'm old enough to remember the 70's gas crisis.

Gas was 30 cents a gallon, then it was 60 cents a gallon, then it was $1.20 a gallon. Then, the inflation rate went to 11% or more, American jobs disappeared. People waited in long lines to fill out applications for jobs from companys that were "supposedly" hireing.

History repeats itself. In the 70's and early 80's, gasoline increased 400%

If gas increases 400% this time, gas will be $4.00 a gallon and thro the economy in the same crisis as it did in the late seventys, early eightys.

What does this mean for the dinar? I don't know, but I hope Iraq can get their oil, which is supposedly 2nd best in the world, rolling soon.

-- August 12, 2005 9:24 PM ∞

BOB wrote:

I believe that the current oil situation has given us all a jolt of reality. There is not enough oil being taken out of the ground to satisfy our greedy apitites. The world needs more oil and it has to come from somewhere.

The hard-to-get oil should be becoming more economically feasible such as the shale oil out West and the almost dry wells in Texas and Oklahoma. This could possibly be a blessing in disguise as Americans start to see a profit in exploring oil in our Country. We may all have to sacrifice financially but if it will enhance our position with oil, then it may be beneficial to this Country.

The price of oil is certain to improve the economic situation in Iraq and thus improve the value of the Dinar, but this not the situation that I envisioned to make money on the Dinar.

Keep making your posts, even if it is mostly with trivia, until our leaders find the current site.

-- August 13, 2005 9:39 PM ∞

otterpops wrote:

I would think that if gas goes to $4.00 a gallon Iraq will have a lot of reason to be pumping that crude oil as fast as they can. That could go a long way toward helping them get on their feet financially. What's good for the citizens of Iraq sould be good for the Dinar, no? I would also guess that gas at that price would not be good for the dollar and if dollars are worth less, the dinar is worth more if its price has not fluxuated.

-- August 13, 2005 11:54 PM ∞

michael wrote:

Dean: I know what you mean. It is costing me $30.00 a week to go to work and the gas is 2.39 per gallon.

-- August 14, 2005 11:07 AM ∞

Elvis wrote:

Can't get anything past this page! Is there a problem? Can't get on Kevintruckandbarter.com but not successful either. Please e-mail and let me know if there is another way to get further info. I enjoy the conversation. Thank you, Thank you, Thank you very much! Elvis

-- August 14, 2005 8:27 PM ∞

Kevin Brancato wrote:

Testing... The thread should work...

-- August 15, 2005 12:51 PM ∞

RON wrote:

Hi all
Kevin thank you very much for this thread.It is my only thread that i visit to get updates on the NID.
Good luck to all and Iraq.
Ron

-- August 15, 2005 1:14 PM ∞

amatullah wrote:

Just wanted to give everyone the heads up ...Dinarmerchant.com now has new site www.hsdinar.com. Samir if you are reading this maybe you should settle the stolen money issue from your JB.TRADER account on ebay....I am one of them and until i get my $2700.00 I will continue to find your new names and post them on the internet.He is also www.midamericatrade.com.

I tried posting this on www.investorsiraq.com last night and they removed the posting which makes me wonder why they would protect this scum
Amatullah

-- August 15, 2005 2:08 PM ∞

Mel wrote:

BTW, I heard on another forum speculation it will go to $.41 out the gate... have you heard the same thing?

-- August 15, 2005 2:38 PM ∞

Willie in Reno wrote:

Amatullah- You might be better off going to the BBB and the Attorney General to recover your funds like I had to. Good luck

-- August 15, 2005 6:50 PM ∞

Jimmy P wrote:

These are indeed exciting times! I wish that this site had not fizzled. I do feel a certain family element here that I do not feel elsewhere pertaining to the Iraqi Dinar. I leave you with the following thoughts:
A 40 cent peg equals 10,000 usd with a 25K dinar bill.
A 41 cent peg equals 10,250 usd with the same 25K dinar bill.
At what level are banks required to make reports to the government?
I would be delighted to ask Sara or Carl if I could !!!

-- August 16, 2005 3:59 AM ∞

BOB wrote:

Sara and Carl-Come on back:

If you won't come back to us, then tell where you are so that we can come to you. I have visited several of the other sites, but I can't really connect with what they are doing, even though there some juicy rumors afloat.

The T&B is a family type operation where we post all types of crap and we disagree with each other and sometimes get nasty with our comments, but we tolorate each other well and get some valuable information in the process.

I haven't given up on the T&B, but we have to get the heavy hitters back on board for this thing to be interesting.

Several of the other sites have the Dinar entering the world market very soon. Let's hope they are right.

BOB

-- August 16, 2005 10:22 PM ∞

Ruth wrote:

Hello All. My name is Ruth, I am a Dinar Investor and have been reading the T&B for a few weeks but have never posted before. A couple of things prompted me to do so at this time.

First, Amatullah, you seem to be having or have had some kind of a problem with money being ripped off from you. There is a site: Rip-off Report.com and badbusinessbureau.com that you might want to log onto to warn others about them. I usually go to it to see if there are any complaints against companies I am considering dealing with.

Second, I would like to ask Bob what some of the other sites are that he's has seen the information about the Dinar coming out soon. I have heard a "rumor"? myself that the price will be set right after the signing of the Constitution then Iraq will give the Financial Insitutions (in Iraq) 30 days to get their affairs in order before listing the Dinar on the World Market Exchange.

On this "rumor"? alone I ordered more Dinar from a friend in Jordan today.

Understandably this is a risk, but certain signs seem to be pointing in the direction of a necessity to stablize the Dinar not only for the sake of Iraq, but countries dealing with them.

I would think Microsoft would be a perfect example, as this country (Iraq) soon will be demanding new technology with their growth. Microsoft would be a perfect company to supply them, but the Dinar is too unstable at this time for Visa transactions. Paypal (if we've ever bought anything off Ebay) won't accept money transfers to or from Iraq as the Dinar is both unstable and pretty much valueless in comparison. This WILL HAVE TO CHANGE with a growing need for Computers, software, digital cameras, color TV's, Cell phones, you name it become more known as luxury's they cannot live without as they have become to us.

Even with this being what has been called by many,a risky investment, there just seems to be too many signs pointing to "Hey! This IS GOING to work!"

Good luck to all, and God place your hand on Troops, protect and guide them till their safe return home.

Ruth

-- August 17, 2005 2:38 AM ∞

Michael wrote:

Well said Ruth. I agree with you and am expecting this to happen a soon as the Contitution is agreed upon. I know I have my fingrs crossed. God Bless you, our troops and IRAQ. :)

-- August 17, 2005 6:31 PM ∞

S wrote:

This is a quote off the Rumor Boards at IIF, subject is an immediate peg. Worth the read, I think.
S.

What’s Your Reality?
--------------------------------------------------------------------------------

I have been following this forum for the past three months and have learned a great deal thus far. I believe that in life we are constantly faced with the task of discerning truth from error, right from wrong. As I’ve read the many threads here, I have come to my own conclusions—as have most of you. I would like to thank those who have created this forum for the purpose of sharing information and the moderators who keep us in line. I have gleaned many gems of information concerning this investment opportunity, and thought it would be good to give a general summary of what I perceive to be true in this situation. Sorry if it’s a little long. Keep in mind that the following is my own opinion, based upon information shared on this forum.

There is a Marshall Plan that has been prepared by our government to help the Iraqi’s rebuild their war-torn, impoverished nation. Trade agreements have also been signed between our two countries. I don’t think many people know that this plan exists, as it is probably being kept quiet until the time comes to publicly announce it. Iraq’s Prime Minister Jaafari slipped and made mention of it in a news briefing with the President back on June 24th. Bush then told reporters that not everything is disclosed publicly.

Bush and his generals have repeatedly stated that the key to success in Iraq is three-fold; there are three tracks that have to be implemented in tandem for success to be achieved. They are security, political, and economic. Bush noted in a news briefing last Thursday from his ranch in Crawford that we are making progress on the political and security tracks, yet he was conspicuously silent as to any progress being made on the economic track. One provision of the Marshall Plan is an economic package that will allow the Iraqi’s to significantly enhance their purchasing power through a revaluation of their currency. This is one of the main reasons why the Dinar can open up on the world market at a stronger rate.

It appears that the majority of Iraq’s odious debts have also been forgiven by creditor nations, the Paris Club, Saudi Arabia and Kuwait—the last of which was taken care of June 30th by the UNCC and debt-swapping agreements in July. This is another reason in support of a strong peg. To get this debt forgiveness, Iraq had to keep their exchange rate artificially low so as to appear “cash poor” to creditors. If they had the money, they could have repaid the debts.

Reconstruction in Iraq has been hampered by the inability of Iraqi’s to import much-needed supplies, due in part to their undervalued currency. In the past couple years, the New Iraqi Dinar has gained acceptance and confidence among Iraqis. This currency isn’t tradable outside of Iraq yet, but it needs to be in order to help kick-start the economy by allowing foreign investment. The IMF has been brought in to legitimize the New Iraqi Dinar and has run “valuation scenarios” to determine an appropriate exchange rate to recommend to the Central Bank of Iraq. These valuation scenarios are based upon a whole confluence of factors, including debt settlements, expected future GDP, value of goods traded with trade partners, expected release of the Marshall Plan, etc. The range that has been established from these valuation scenarios is a peg somewhere between .30-.43USD to 1NID. Due to recent debt-swapping agreements, the expected rate is in the higher end of this range. The NID will be backed by the US Dollar, Gold, and Oil. It is expected that the Central Bank of Iraq will defend a peg rate for at least a year to stabilize the currency, after which time they may allow it to move to a float. If this happens, it is expected that the Dinar could potentially double in value within a few months.

The whole reason we are waiting for the draft of the constitution to be approved by parliament is because Jaafari needs to be given sufficient power to allow the Dinar to start trading on the Foreign Exchange Market. Apparently, the draft of the constitution would be enough for President Bush to give the go ahead with the release of the economic provision of the Marshall Plan, instead of waiting until the end of this year after the elections. It is assumed that by giving the Iraqi’s an economic boost to allow them to revalue their currency and greatly enhance their purchasing power, it will act as a catalyst for passage of the constitution in the national referendum in October and the re-election of interim government officials in December. It is also hoped that a revaluation will help quell the insurgency, which in turn will allow the US and other Coalition troops to begin withdrawing our troops next spring. Can you see why so much rests on the passage of this draft constitution?!

Bush has kept the pressure on the Iraqi leaders to get this draft passed by withholding the economic portion of the Marshall Plan. Once Bush receives confirmation from either the President of Prime Minister of Iraq that the draft of the constitution has indeed passed parliament, he will authorize the release of the economic portion of the Marshall Plan. If the perception in Iraq is that their leaders have come together and created this timeless document, and as a byproduct of it have increased their purchasing power and allowed Iraqi’s to realized such a tangible economic benefit, this will act as a catalyst to keep the momentum going strong for the referendum and elections. World perception of progress in Iraq could be changed overnight. It is amazing to me to watch this “rebirth” of a nation take place before our very eyes!

Many wonder how in the world can Iraq back a peg of .40USD to the Dinar. There are indeed many ways, including Special Drawing Rights to the Economic Stabilization Fund, fractional banking, and warehousing facility. Not to mention that once it’s traded on the Forex there will be many buying at the new rate. Banks will also want to buy up their own reserves, too. In every market there will always be buyers and sellers.

What we are waiting for now is the parliament to approve the draft. The 7-day extension filed this week appears to be a one-time shot. Meaning that if the parliament doesn’t get the draft approved by the 22nd, the interim government will be dissolved and the CPA reinstated. Nobody wants this to happen, but Bush does have that option and he may still release the economic package that will allow for the revaluation of the Dinar anyway. I believe that the Iraqi leaders are doing everything in their power to get this thing passed by Monday’s deadline. It’s political suicide if they don’t.

Who should we watch to know when the draft has been accepted? Only Talabani and/or Jaafari. Once Bush receives confirmation from these two leaders that the parliament has accepted the draft, he will release the economic portion of the Marshall Plan and the announcement will be made behind closed doors in Iraq that the Dinar has been revalued. It will then be announced regionally and later picked up by international news media within 24 hours. The following week it will be trading on the Forex, and then the banks will start exchanging. There will be no re-issue of currency and no zero-lopping. The larger notes will most likely be taken out of general circulation after they are cashed in to be used for larger business transactions, and smaller denominations will be issued. Perhaps this is the reason why there are 5 trillion NID not in circulation—they may include the smaller denominations designed to facilitate the upward revaluation of the NID.

Another interesting factor is the increased security around the CBI, as affirmed by some forum members in Iraq. The CBI just might be preparing for the exchange of the larger denominations for the smaller ones. This is good news, as it indicates a pending revaluation. DrC noted on the 5th that there are two key factors for the announcement of the Dinar revaluation: (1) The constitution is approved AND (2) sufficient security is in place at the CBI, banks and borders. From everything shared by people like DrC, Clay, Chaka, Lance, and others, it appears that the time is at hand for this bird to take flight. We can expect an announcement of a revaluation by the 23rd, with trading on the Forex to begin on the 29th.

Remember though, my perception may or may not be a true reflection of the reality here. This could all be wrong, as I have no insider sources and don’t truly know if those who do are for real. Most of the information I have compiled in this post has come directly from this forum; none of it is new. You will notice from whom the majority of this info came from—give them the credit. This is just my “rehash”, if you will. Also take note that I have posted in the rumor section. But one thing is for sure: if the Iraqi National Assembly approves the draft of the constitution this coming week, then we will all see what the true reality is! GLTA

http://www.investorsiraq.com/showthread.php?s=c3ecb49e8fdab2b02213f18494d1621a&t=8839&page=1&pp=20

-- August 17, 2005 11:53 PM ∞

RON wrote:

Hello all
Hey S this is a very interesting post sure hope it comes to pass.
Good luck to all and Iraq.
Ron

-- August 18, 2005 10:59 AM ∞

Bill1 wrote:

To: "S"

That was a very logical real-time assessment of the IQD situation.

Anyone attempting to debate your talking points doesn't have a leg to stand on.

Thank you.

Bill1

-- August 18, 2005 6:24 PM ∞

BOB wrote:

S

This is the most interesting
post that I have seen since the origin of this site.

I, too, believe that all the ducks are in a row for the dinar to enter the world market, but you explained it is such manner that we could all understand.

All you say may be an unfounded rumor, but it sounds good so lets believe it until someone disproves it.

BOB

-- August 18, 2005 11:23 PM ∞

Ruth wrote:

To:Jimmy, Banks report any transactions of $10,000.00 and above to the Government. Hmmm... Now you've got me thinking. Wonder how many Banks are here in town and how many trips I could make to each one. Think I'll start looking in the Yellow Pages.

Or if all else fails the below looks to me like 23% Tax rate on currency. I have assumed this is just Federal Tax. I am in Washington where there is no personal Income State Tax. If there is anyone who has heard a different rate I would like to know. There IS a possibility we will need to know this by April 15 2006.

http://www.greencompany.com/EducationCenter/GTTRecCurrency.shtml

Currency trading is like commodity trading in general
Most currency traders seek to be treated like commodities and futures traders in that their trading gains and losses are treated as section 1256 contracts.

Both business traders and investors report section 1256 contracts as capital gains and losses on Form 6781 (Gains and Losses from Section 1256 Contracts and Straddles). This allows them to split the gains and losses 60/40 on Schedule D: 60 percent long-term, 40 percent short-term.
This 60/40 split gives commodities traders and investors an advantage over securities traders. 60 percent is taxed at the lower long-term capital gains rates (up to 15 percent) and 40 percent is taxed at the higher short-term capital gains rates (or “ordinary rate” up to 35 percent).

The current maximum blended 60/40 rate is 23 percent, which is 12 percent less than the maximum rate of 35 percent on short-term securities (or cash forex trading if you don’t elect out of IRC 988, see below).

Certainly, a 12-percent tax rate reduction is worthwhile to pursue for all currency traders.

-- August 19, 2005 2:53 AM ∞

outlaw wrote:

Hi gang... great info! here's wishing the pig roast is near because I'm extreamly hungry! Headed back to the sandbox on the 24th.

Regards,
Outlaw

-- August 22, 2005 12:53 AM ∞

RYAN wrote:

HERE IS THE LINK
http://www.edinarfinancial.net/news/?quer=&nm=&ny=&nn=157

International Monetary Fund Calls for Speeding up the Permanent Iraq Constitution
August 19, 2005

It confirmed that violence and the acts of sabotage that are targeting oil facilities are hindering the possibilities of economic growth in the country and exploits the resources that are designated for the reconstruction. Before the explosion of the UN headquarters in August 2003, Lorenzo Perez, chief of the last IMF Mission in Baghdad, said that agreeing on a new constitution for the country "would have a very significant and positive effect on Iraq.

In a press conference, in which he announced the IMF report on Iraqi economy, Perez said, "Agreement on the constitution would be a significant step in the process of political and economic development in Iraq." He added that the solution of several controversial issues; such as the distribution of oil revenues, would not be easy. "Nevertheless, it would have a positive effect on the economic atmosphere, in Iraq in general."

In its report, IMF has requested the Iraqi government to shrink its great support for the prices of oil derivatives to prevent more deterioration of Iraqi budget and to deepen the economic renovations for speeding up the economic growth. He said, "For speeding up the investment in the fields of major reconstruction, social services and reducing poverty, directors stress the necessity of strong movement with regard to the application of reformations in the financial and oil sectors."

IMF has pointed out that it has decreased its forecasts for the growth of the Iraqi national outcome from 17% this year to 4%. It expected that the oil production would remain in the limit of 2 million barrels a day during this year, compared to its former forecasts that reached 2.4 million barrels a day. IMF has attributed this to "the sabotage operations of oil facilities and stopping pumping oil in the north of Iraq."(Source) Al Sharq Al Awsat

-- August 22, 2005 3:58 PM ∞

outlaw wrote:

Hi gang,

I think that we are getting very close to having all of our dreams coming true within a very short time and wanted to say something that I hope everyone understands and I pray that I can relay my thoughts in an intelligent and caring manor.

I see everyone praising and honoring our troops, which is exactly what we should be doing at a time of war, but I want to also mention the untold thousands of members of the Coalation that people usually forget to mention.... The Civilian Contractors.

Yes, I am sure that I got a few chuckles out of a few of you, but seriously... these brave people come from all over the globe to provide every service to our troops that one can imagine. Every thing from delivering their weapons to them on the front lines to cleaning their dirty clothes and providing moral and mental support in a very tough time for most of these young peoples lives. War is very dangerous to both life and the mental health of these brave soldiers and we not only provide a great hot meal to these battle weary troopers but we also tell them the things that they need to hear to get them through the day and into the next.

I would like to honor the unnamed countless couragious Contractors that are standing and dying beside our troops in Operation Enduring Freedom, that this author feels was completely necessary, and would proudly get in line to do again if GWB determined that it benefited our great country to do so.

I see the faces of the brave soldiers who gave their lives in the name of freedom on the nightly news every night, and am confused on why the Civilian Contractors who also died are not even mentioned unless, the poor sole was kidnapped and is begging for his life on national TV. Imagine what the family of these brave people go through watching them being tormented. I just don't understand how we as humans can enjoy watching this type of brutal act being comitted upon someone. Never the less these brave people are here with our troops unarmed doing a just as necessary job as our troops and not receiving the reconition they deserve. These brave people are also Mothers, Fathers, Sons and Daughters. Most are Grandparents.

I hope that when I am standing infront of the National Anti-Terriorism War Monument which will be erected in Washington, that it will proudly display the names of "all" of the brave men and women who died in honor of their unselfish service to our country, not just our soldiers.

Outlaw in Iraq

-- August 22, 2005 11:23 PM ∞

1lt wrote:

Outlaw,
That is an interesting post. Contractors don't get recognized like soldiers do. Yes the contractors are working here to support us, but a huge difference between the two is that contractors are here because the want to be here. The lowest paid US contractor is making over $8000 per month tax free. They can take a vacation every four months, paid. A lot of them just work on the base and never leave the wire. Except for the truck drivers, but even some of those guys have left the wire only 3 times in 6 months. The ones that suffer the most are National Guardsmen. While Active duty Army are away from their families for 1 year, Airforce for 4 to 6 months. National Guard spend at least 18 months away from their families. We have to do a 6 month train up in Texas prior to leaving the states. This process has destroyed so many relationships that it is unacceptable. I guess that is my 2 cents. Oh an average wage for a manual labor worker for the US here in Iraq is $7 per day.

-- August 23, 2005 3:43 AM ∞

RON wrote:

Outlaw and August
There are many who are spoken about and not told of in the great fight for freedom.I agree that anyone that puts their life on the line for another has made such a sacrafice it can not be forgotten.God be with all over there and around the world.My heart and thanks RON.

-- August 23, 2005 9:27 AM ∞

outlaw wrote:

1lt,

I assume that you are an officer based on the 1lt... I have only one qustion based on what I assume is your major concern... "MONEY". Why do you feel that $8000 a month is so fantastic? Do you realize that we work a manditory 84 hours a week? The money Sir is not that great when you consider everything...the mortors, the rockets, living in a prison with very limited activities to do, the sweltering heat, working with other contractors (TCN's) who can't even communicate with us....

Sir, it's not all roses on our side either. Yes, we can leave when ever we want. Yes, we get a 10 day paid vacation every four months...but you know what Sir??? We don't get paid for our overtime as we would in the states...here we only get paid straight time for overtime...everything concidered, I can make more money at home. Most of us don't even consider the money as the main reason were here...it's because we beleive in what we are doing over here and want to be a part of history...making a difference in a very messed up world....doing what's right. The money is a very selfish way of looking at the war my friend.

If you want to complain about where you are, you should go to a mirror and tell it to yourself because Sir, we "all" signed up to be where we all are...there is no draft. Please get rid of the attitude and think about what your day would be like without the contractors. Even the people we support are so blind sided by greed that they don't even realize the things we do for them. Sad...really sad.

The bottom line is that you don't have to leave the wire to die in this hell hole do you sir? We are apart of the liberation force also...my DOD Badge says "Army Contractor" not "freeloader". I am an American Soldier also... not in uniform but in spirit... I did my time in uniform and now I do my time in hell... beside you. What can I and my fellow comrades do to make your time here in the sand a little more enjoyable for you Sir??? If you need something please don't hesitate to ask... "we are here to serve you my friend". "Hooorah!!!"

Outlaw in Iraq.

-- August 23, 2005 11:34 AM ∞

outlaw wrote:

Thanks Ron...will see you at the pig roast soon.

Outlaw

-- August 23, 2005 1:05 PM ∞

1lt wrote:

Outlaw
Well that was a little heated. If you really want to do your part then grab a rifle and come with me, but until then, let's just talk about the money for a second. The $8000 is the bottem of the scale. If you have skills then it goes to $15000 per month. My average soldier is clearing about $3000 per month, fighting an enemy he can't see. Just waiting to be hit by an IED on a daily basis. The sad part is most of my soldiers have been pulled from college, a couple of them seniors. While you will be sipping on Margaritas and waxing your new paid for BMW, the only thing we have to look forward to at the end of this 18 month deployment is financial difficulties, unemployment, and a damaged relationship. That is if we make it back with all of our limbs. Out of the 1800+ soldiers that have been killed here, I know 4 of them. But you know what? I wouldn't give anything in the world to change where I'm at. You are right, we are a part of history. Even though you would be fooling yourself if you were to think this war isn't about the oil, cause it is. I don't have anything against the contractors, but it is costing the American tax payers way too much money. A lot of the jobs that are tasked out such as truck driving could be filled by a Private. Do you realize one meal in the dining facility costs the government $17. It's not even that good. I usually eat an MRE for lunch just to stay away from the mess hall. I'm not trying to pick a fight or ruffle any feathers, I'm just ready to get back home. But on the lighter side of things there is some good that comes from this war. My platoon gets to interact with the locals everytime we go out. So one of my soldier's dad organized a shoe drive back in the states and sent us over 800 pairs. We've been giving them out like hotcakes. Those little moments help me get through the day. I put together a video of the Iraqi kids that is pretty inspiring. If you want, I can send you a copy, just let me know.

Anyways take care and be safe,

1lt Rich

-- August 23, 2005 2:19 PM ∞

outlaw wrote:

1lt Rich,

I like your self agree that paying a contractor is higher than paying a private to do the same job. My base salary is $3000/mo with 55% uplifts for hazardous duty, overseas pay, etc. That 55% is based on the first 40 hours only. We work 84 hours per week mandatory. The other 44 hours is paid straight time only. You do the math.

Lets talk about how much money one soldier costs the government...got to be atleast a couple hundred thousand or more for a four year term when you add in training, health care, food, clothing, benefits, housing, etc. I bet the government saves money using the contractors...that's why we're here...don't you think?

As far a sipping Maragritas and waxing my BMW. Most of us contractors are a generartion ahead of you and we are the ones paying for your young soldiers education. We like you are not using this war money for useless boy toys that you wish you had. I also have a family that wishes that I was home to hug and kiss. I have a dog that wishes I was there to take him for a walk. Please don't preach about lost relationships because of duty...I won't shead a tear for you. I bet your education was paid for by the very tax payers you are complaining about. If you used the G.I. Bill we probably did.

As National Guard members you reaped many, many years of free tax payer benefits doing nothing, and now it's time to pay the piper. Pucker-up and do your job as you promised to do.

Yes Sir, VBIED's, IED's, RPG's, landmines, handgranades, motars, rockes, bullets, shrapnel, are all a part of war and Yes, they suck but again, who put you and your men there? GWB? Your Government? NO!... YOU DID! You took the Same Oath that I did when I was in.

As far as picking up a weapon and joining you...I would love to because frankly I don't trust the Nation Guard with my life as far as I can throw them. There are lots of stories about Reserves pulling tail and running under fire. Do you think this is the first war in the history of the US? Sir, we contractors as a whole probably have more time under emeny fire than all of the Nation Guard in country now. Just because the Geneva Convention and KBR forbids us from using weapons dosen't mean we're not capable of doing so. Where do you think all of the old warriors go when they retire?

Sir, as far as the video...I would love to see the response of the children. I know what you are talking about because I have seen it also. I have some video's made by contractors that show just how dangerous it is here for us also if you want to see.

Sir, I am not degrading the dangerous job that you and your brave warriors are performing, I was only hoping to get you to understand that we too are warriors and also will give our lives in the name of freedom as you will.

I salute you and your men for a great job. Please understand that we all honor the same flag.

Outlaw in Iraq

-- August 23, 2005 3:35 PM ∞

michael wrote:

I have been reading the last few post and it seems there is no news about the dinar anymore. I wish some of the good researchers would return. As for the current topic, I have to agree with Outlaw. It is true everyone makes sacrifices for this war. What is bad is people here protesting and calling for GWB to end the war. What the hell is wrong with these people. That would make every person who has died in Iraq, died for nothing. Are we a nation to stick our tails between our legs and run just because things don't go the way we plan? I am proud of everyone who is helping to fight this war, military or not. It is true that the reserves sit in none war times and reap the rewards and free money and education. But, remember when they signed there name to join, they were signing that they are willing to give there life if needed. Sorry people who don't support the war, this is reality! Live with it..

-- August 23, 2005 4:12 PM ∞

ELVIS wrote:

I have been waiting for you guys to come back on line. outlaw, Ron, rich, and everyone else youall doing a good job. be very careful If any one wants a job I WORK for avery large corporation in Florida

-- August 23, 2005 5:25 PM ∞

elvis wrote:

I keep on losing you guys on the computer, I do not know what I'm doing wrong. would someone let me know what e-mail address to get you guys. this is about the iraqi dinar coments, ELVISCONNECTION3@AOL.COM thank you, thankyou very much!!! elvis

-- August 23, 2005 5:57 PM ∞

outlaw wrote:

Oh Lt,

One other thing...the reason your meal costs $17.00 is because for security reasons all food must be shipped from the states. Guess what shipping on pershable goods cost today with fuel as high as it is. Please don't be so critical until you know all the facts. Halliburton follows the directives of the U.S. Government in all operations. The cost of these operations is dictated by the needs and wants of the Government.

Outlaw in Iraq

-- August 23, 2005 8:40 PM ∞

BOB wrote:

Come on fellas, lets cool it a bit.

We are all on the same mission, whether it be contractor or ground soldier and the pay may not seem equitable to either of you but you have to live with the system.

I spent 40 years in the National Guard as a CW4 and I signed up the Lt Governor of my State during Vietnam who was a young lawyer at the time.

The Guard was ready in Vietnam but never got the call and Guardsmen stand ready to answer the call whenever needed and should be revered for their role.

As an old soldier who no longer has to be a yes-man, I do not agree with our action in Iraq but I support the soldiers who are carrying out the mission 100% and will support them until they arrive back home.

All soldiers are yes-men. If you ever choose to disagree with what the chain-of-command has decreed, then you are gone and maybe that is the way it should be.

Outlaw, SPOE, I may not agree with why you are there but I support you 100% until you accomplish the mission.

-- August 23, 2005 11:46 PM ∞

1lt wrote:

Outlaw ok lets call a truce. Bottem line this place sucks. It's going to be many years before this place stabilizes. Any Iraqi who stands up for himself is killed or his family is killed. My interpreter had to move his entire family out of Baghdad because of threats. Some insurgents came to kill him and he fired back at them and they ran away. Guess what they did? They went and got the Iraqi Police and took his weapons away. I see corruption just about everyday with the Iraqi Army. Yet I'm still a believer. I have 2.2 million dinar sitting safely back in the states. I'm probably going to buy another mill, but I gonna wait a little while longer. Mainly because my first intpreter who was my connection, and helped us out greatly with corrupt IA's got shipped off to the Iranian border. See what I mean, if you do good they get rid of you some way or another. Anyways here is to hoping our ship comes in.

-- August 24, 2005 7:13 AM ∞

outlaw wrote:

1lt,

I understand exactly what's going on in the country and I am with you. If you are near BIAP I can get you Dinar. If you are near the Green Zone go to the Al Rasheed Bank and you can get Dinar at Bank rate. I got about 20 mil in the states. I will buy you a drink at the pig roast. Buy more if you can. I estimate you got only a few weeks before it hits Forex.

Stay safe and here's to a guick return home for you and you warriors.

Outlaw

-- August 24, 2005 9:30 AM ∞

outlaw wrote:

One other thing LT.... I would like to see that video if you would be so kind to send it to me. "outlawtwo2002@yahoo.com"

Regards,
Outlaw in Iraq

-- August 24, 2005 10:34 AM ∞

1lt wrote:

Outlaw,
Can you email me your physical address. I have a couple of videos, but they are a couple of hundred megabytes each. My address is richpaetz@msn.com

A couple of weeks huh? I better get moving.

Cheers!

-- August 24, 2005 11:05 AM ∞

Bill1 wrote:

Good morning Gents,

...Nothing like a little Spirited Debate to get the juices flowing!

Bottom Line:

God Bless you all, and your families!!! Stay safe and keep your men (subordinates) even safer. We love and revere every single American serving on Iraqi soil.

The motive/s for the war are dubious, as they have been spelled out to the general public. But; in the end - when all is said and done - if the Iraqi people can hold their heads high, and their lives be that much better than under Saddam, then maybe in some small way it will have been worth it.

Cheers,

Bill1

-- August 24, 2005 12:08 PM ∞

Ruth wrote:

After reading the comments between Outlaw and 1lt, I post with a heavy heart this morning. This past year since my first investment in the Dinar I have been thinking only of my greediness, how much money I will have and what I will do with it. Once in awhile but VERY seldom I have thought of the men working, fighting and DYING for the cost of this Dinar. I ask for forgiveness.

I am a grandmother for Heaven's Sake, normally with a heart full of love and forgiveness myself. I often think if there is a God, Outlaw and 1lt, you wouldn't even be there. There would be no need as there should be no killing.

I do so wish I could just grab onto both of you and hug hug and hug you.. Please be careful and safe.

Grandma Ruth

-- August 24, 2005 1:23 PM ∞

outlaw in Iraq wrote:

Dear Gramma Ruth,

Huggs and kisses back to ya! Please don't worry about us here in the sand...me and 1lt will take care of eachother and take care of business over here. We will be at that huge pig roast with you very soon. (smiling and a wink)

Outlaw

-- August 24, 2005 4:22 PM ∞

Michael wrote:

Gramma Ruth,
Don't feel bad and with a heavy heart. The money from those dinars you bought was pumped into the iraqi economy. It may have been just a little money, but every bit helps. Actually you were investing money to help iraq and speed up bringing outlaw and 1lt home.

-- August 24, 2005 5:14 PM ∞

tkwright wrote:

This message is going to outlaw in iraq and anyone else who reads this...YOU ARE OUR HEROES! How blessed we are to live in this nation of freedoms, and it's because of you and the sacrifices you make daily over there. We sit in our comfortable a/c homes, drive down the road to get a milkshake, or a gallon of milk, and really don't have any idea what you go through daily. Just know that you are revered in the little town of Mt.Juliet TN and that we hope you'll come home safely. Thank you for your bravery!

-- August 24, 2005 10:56 PM ∞

Gramma Ruth wrote:

Dear Outlaw, Thank you, Bless you, and what IS the "huge pig roast"? Whatever it is, I think I'll be there!

Hugs, Gramma Ruth

-- August 26, 2005 3:53 PM ∞

Dave wrote:

What the he** happened to this site? It used to be a good source of Dinar info and thought. Don't you folks do any research or have any thoughts about this issue? Too bad...where did all the older posters go?

-- August 26, 2005 8:57 PM ∞

johnnyhavedinar wrote:

Hey what happen to you all heros, carl and sara. If we can find this board they can to . But maybe be those guys had other things in mind. how many posters here are actual merchants pumping dinars. As i said before this is just like a BB Stock, just pump and dump.

There will be no pig roast, so lets just use those dinars as wall paper.

Before anyone reply, think and think again this is a dead board

-- August 27, 2005 12:54 AM ∞

RON wrote:

Hi all
I still have hope for our investments and for the Iraqi people.If you do not want to read about the hopes and wish's of some good down to earth people,then maybe it is you who needs to move on and use your dinar"if you have any" for wall paper.Good luck to all and Iraq.RON

-- August 27, 2005 1:59 PM ∞

Outlaw in Iraq wrote:

Dave,

You must be a newbe to the site huh??? There is no new news... that's why we're not posting anything. Read the old posts over the last two months and you will know as much as we do. It's a stalemate.

Outlaw

-- August 29, 2005 1:13 AM ∞

Roll Tide wrote:

I just wanted to say that I have enjoyed reading the posts on this site for over a year now. I have never posted anything until now since the board is starting to decline. First off I would like to say that I am a die hard conservative so don't take what I'm about to say the wrong way. To start with I did not agree with Mr. Bush when he decided to invade Iraq. We are risking the lives of our soldiers to liberate a country that does not want to be liberated. Think about it, Saddam may have had to rule the way he did just to keep those people in line. Why have we decided that we are the world police anyway. All we have done is draw hatred to ourselves from other countries. I know I'm pissing a lot of you off right now and all you can think about is We are fighting overseas so we want have to someday fight here. Give me a break, If Iraq did have any weapons of mass destruction they have no means of ever delivering them to the US. If we needed to fight a war for this reason I can think of some more countries that are of a series threat and hate us just as much. However after saying that, now that we have commited ourselves to this cause I back it 100% and we should see it through. We need to fight to win rather than fighting in a way that pleases everone. We must strike a lethal blow to this country. We need to use anything in our arsenal that it takes to end this thing quick and get our boys back home. This is the only way to stabilize the country and get their economy back on track. I love to read the rumors section at investors iraq and see all of the crazy rumors. Believe me I wish they were correct because just about everyday we are going to hit the lottery. Everyone just needs to be patient. The dinar is going to peg and gain in value but its not going to be anytime soon. Don't believe everything you hear, every year before football season I hear that Alabama is going to win the national championship. Just like the dinar I like to hear that but I know now is not the time but it will happen again just like the dinar will again gain in value.

-- August 29, 2005 3:27 AM ∞

gripman wrote:

Today will be the day. Good luck to all.

-- August 29, 2005 5:24 AM ∞

Bill1 wrote:

Roll Tide,

Have a look at "S's" post of 17 August, entitled "What's your Reality".

He/she lays out a very plausible scenario for the pegging of the IQD in the next three (3) to six (6) months.

To be honest, it's the most sound thinking I've heard yet when it comes to "war-gaming" the IQD situation.

Read it and tell us what you think...

For the IQD to open on the world markets - at whatever rate - just before the ratification of the constitution in October; or just before (or right after) the December Elections sounds like a serious trump card to be played at "just the right moment" to inject a huge dose of confidence into the general population and move the democratic governmental process from the slow lane into the fast lane.

There are to many brilliant minds out there (Allen Greenspan being one of them) that know what to do, and at exactly when to do it, when it comes to world monetary markets.

It's too easy to think they're all just a bunch of bungling idiots - that "MO" is by design. No one can convince me this whole thing hasn't been designed from day one.

As far as the war goes... all truth be told, "yes", you're absolutely right! No one can make excuses for Mr. Bush and his administration and how they've gotten us into this mess.

"Bad Intel" my azz! If that was the case, then Saddam has every right to bring suit against the U.S. and the coalition, for our unjust invasion of his country - whether he sucked as their leader, or not. It just wasn't our business. But, you're right that we're "Stuck like Chuck" at this point, and have to stay the course. There's just too much at stake, and I think we can all fill in the blanks on that one.

Carl once posted a piece about the "Boogie Man"; i.e. Terrorist, and how just the threat of the Boogie Man and what he might do, creates funding where until recently none had existed. He, the Boogie Man, is merely a budgetary facilitator of convenience.

We're all just somewhere in the middle Roll Tide. The world is CHAOS - full of Intelligence / Counter Intelligence; Information / Disinformation, etc, etc. Believe none of what you hear, and only a small percentage of what you see (ala Orsen Wells 1984).

Let's all keep the faith and I'm sure good things will come in the end.

Bill1

-- August 29, 2005 12:31 PM ∞

RON wrote:

Hi all
What this country(USA)needs to do,is get behind Mr. Bush and support him and our brothers and sisters that are in this conflict against any persons that want to control any group of people that want to be free.Iam tired of hereing how some say nothing about the positive,but only the negitive.Do any of you know how much it hurts,to here all of this crap when your life is on the line for freedom and prosperity.I for one do.Answer VIET NAM VIET NAM.Let's all stop and help our men and women in harms way with our support.
PLEASE FROM ONE WHO DIDN'T GET IT IN 1966-1967.Ron

-- August 29, 2005 4:34 PM ∞

gripman wrote:

I keep giving hints to the people on this forum on where to look for real info. I think you are all asleep! Please do yourselves a HUGE favor and go to www.investorsiraq.com...NOW!!!

-- August 29, 2005 5:21 PM ∞

willie wrote:

They just don't make men like they used to. That's all I gotta say!

-- August 29, 2005 11:53 PM ∞

johnnyhavedinar wrote:

More warnings were today issued about the growing number of get rich quick schemes based on purchasing Iraqi Dinar currency.

Potential investors are advised that the Iraqi Dinar currency is only available in Iraq and cannot be exchanged outside of the country.

But global currency exchange website xe.com has issued a warning on the Iraqi dinar, saying it does not believe it will increase in value.

It says buying the Iraqi currency on the strength of Iraq's oil reserves is not the same as investing in the oil itself. "The outlook for its economy and the Iraqi Dinar is grim for the foreseeable future." The website says claims made that the Iraqi Dinar will gain 450,000 per cent are ridiculous considering the country is debt-ridden, unstable and still requiring vast rebuilding.

-- August 30, 2005 12:58 AM ∞

Outlaw in Iraq wrote:

Gripman,

That site is nothing more than a sales pitch. Like going to see a car salesman...you are not going to hear both sides of the situtation on that site. We do check-out all sites...most people on this site have been purchasing and watching the dinar for a couple years or more.

I have been hearing some disturbing news coming for the Green Zone in Baghdad that says that the Iraqis are going to change currency very soon. Don't want to say that this is factual or not... I have been talking to people that I feel might be giving good information at this point. They also say that only Iraqis and currency currently in Iraqi banks or in banks doing business in Iraq now will be protected. Also banks in the U.S. will not have new currency to exchange. As I research this and get better information or confirmation, I will pass along.

Outlaw

-- August 30, 2005 1:10 AM ∞

Mike wrote:

Which banks are doing business in Iraq? How difficult is it to send my dinars to one of those banks, just to be safe?
Mike

-- August 30, 2005 8:47 AM ∞

johnnyhavedinar wrote:

Hey you all ever wondered where Carl and Sara might be. Those two was the know it all of this board now they are no place to be found.

I will say it again and again this is worst than a BB stock Pump and dump.

Some expensive wall paper.

-- August 30, 2005 7:31 PM ∞

Dave wrote:

They are both at IIF website now.

-- August 30, 2005 8:27 PM ∞

ELVIS wrote:

The main thing is we want all of you guys and gals to come home safe soon. We all just have to see what happens with the dinars,maybe we will be lucky maybe not,anywhere you buy land in florida is a very good investment also.You will double the price in a couple of years. This is what I'm doing now in case something goes wrong with the dinars.I sure hope it stays the same, Ibought alot of dinars, ELVIS

-- August 30, 2005 9:52 PM ∞

BOB wrote:

I have visited several of the other sites in an effort to find a forum to discuss the progress of the dinar and I believe that the T&B is the only one that I have any interest in.

Sara and Carl, I know that you are monitoring the T&B, so come on back and lets get this site back on track.

Rolltide, you don't write with a lot of eleguence but what you say makes a lot of sense. Keep posting this homespun philosphy as I agree with almost all you say.

Fellas, this is too good a site to let it wither away. Lets all join in and post something of signifigance about the progress of the dinar.

This site was at its best when feathers where being ruffled so let's revert back to that mode. Carl and Sara will come back when they see that we can make it without them.

-- August 31, 2005 12:11 AM ∞

Bill1 wrote:

If you all want to catch up with Carl & Sara go to this link:

http://dinar.forumwise.com/memberlist.php

Many here at the T&B got fed up with a lot of the BS in the form of negative postings and personal attacks, and decided to start their own site appropriately entitled the "Dinar Train Gang".

The link I supplied above is - In Fact - that site, and there you will find Carl and Sara, as well as others.

By the way, there doesn't seem to be any new info being posted there. I believe the last post was made about mid August, but you can at least get in touch with many of the old gang.

I've noticed too that postings at the IIF have slowed down a bit.

This may be the lowest point in this whole IQD speculation
process, with so much hanging in the balance with the Sunnis and their attack dogs the Insurgents, trying to leverage the Kurds and Shiites regarding the formulation of the Iraqi Constitution. Things could certainly get messy real soon; and, not to mention Saddam's trial about to commence - that certainly doesn't help things either, especially with the Sunnis pulling away from the bargaining table.

Ultimately, we will just have to wait it out.

BUT... DO NOT LOOSE FAITH!!! Many times things look their bleakest just before they fulfill their promise.

I, for one - irregardless of what anyone may think of me - am just as optimistic about the prospects for the IQD today as I've ever been.

Many "fair weather" fans will leave the beginning of the 4th Quarter, when their team is down 21 to 0, only to find out later that they came back to win 24 to 21, and that they (those negative minded fans) missed the best part of the game.

Don't be a "fair weather fan" when it comes to the IQD.

Keep the faith - all is "not" lost.

Bill1

-- August 31, 2005 10:23 AM ∞

Roll Tide wrote:

Bill,

I did read the post "Whats Your Reality?" It was very interesting. I believe it is the best senerio I have read thus far. The timeline she gave is also very interesting. The events she mentions should unfold in the manor she laid out. However I still believe the new government will be in place before we can get the stability we need for the dinar to open on the open market. Like I said in a previous post I would like nothing more than to be wrong. The thing is that some of her information is coming from the investors iraq rumors forum. Where most of the infomation comes from either Lance or Clay. These guys have a new scenario of why the dinar is going to open on a certain day just about every month and none of which seem to ever come to pass. For example, There was a rumor posted that the dinar was going to open yesterday at either .70 or 1-1. I believe in what was said in that post but I just don't believe we are close to the release date. By the way I just wanted to answer Bob's post quickly. I appreciate that you agree with most of what I say but the next time you make a comment on how eloquent I write try and spell eloquent correctly.

Roll Tide Roll

-- August 31, 2005 11:33 AM ∞

skimanvann wrote:

Why is the exchange rate stuck at 1470 for the past month??

-- August 31, 2005 6:33 PM ∞

BOB wrote:

Hey Rolltide:

This is what it is all about. Someone makes a comment and we all pick it apart. We all misspell a word occasionally, especially when we type as we think, so don't set yourself up as an intellect because I misspelled a word or made a typo.

Rolltide, you fellas are having a tough time down there with the ravages of the hurricane to contend with, so my sympathy and prayers are with you as you brave your way through this hardship.

-- August 31, 2005 10:32 PM ∞

Ruth wrote:

Ok, tell me how stupid this sounds. Anyone who wants to post back and tell me I am a complete idiot is welcome to do so.

Pres Bush is having some problems right now we all know that. I'm thinking, I and think I actually will, of writing to him and telling him all the reasons why, and tell him "IF" he can of course, why he should set a price to the US dollar for the Dinar.

One of many of them being the amount of Tax we will all pay into the US Economy, tell him how much just I will be paying if pegged at say .41¢, the amount of troops in Iraq who have sent Dinars back to their wives and children what it will do for them and how good it will make him look.... etc etc.

Maybe my brain is becoming Dinardrained, but am serious!

-- September 1, 2005 3:19 AM ∞

Bill1 wrote:

Ruth,

I wouldn't do what you described doing.

1) President Bush - God Bless Him - doesn't care about anything you have to say - period. So don't waste your time. I'm certain he's aware of all that you plan on telling him, but his advisers know, and are telling him, the timing is still not quite right ...(not just yet).

2) You don't want to "skylight" yourself as someone trying to communicate directly with the "President of the United States", unless you like being stalked by the Secret Service, FBI, and every other government law enforcement agency. Its simply better to just "Fly Under the Radar", if you know what I mean.

But...

Here's something we can all sink our teeth into:

http://www.export.gov/iraq/

Its a report just recently put out by the International Monetary Fund (IMF) on Iraq.

The report is in PDF format and is very detailed (66 pages), but easy enough to navigate to get to the meat of it.

The webpage has some other interesting links too; concerning issues directly relevant to the current and future value of the IQD.

The report, overall, is not good. There are glimmers of hope here and there, but Iraq - in the eyes of the IMF - is not much better today than a were this time last year.

What does that suggest????????...

It's going to be awhile longer before we'll all be able to cash in on our IQD investment.

One of the interesting links on the web page I alluded to above is one on how foreigners can open bank accounts in Iraq.

That link should prove very useful, as they now have the capability to accomplish this using EFT (Electronic Fund Transfere). With EFT we'll be able to securely deposit our IQD into an Iraqi bank (using a third party bank of course), thereby bolstering that bank's overall value (which is certainly helpful in the rebuilding of their economy) and securing our investment/s at the source - no longer having to worry about reissuing concerns, exchanging of currency, etc, etc.

Hope this proves helpful...

Good luck,

Bill1

-- September 1, 2005 12:39 PM ∞

skimanvann wrote:

Het gang,

Again I ask...why is the IQD stuck at 1470 exchange rate for the past month????

ski

-- September 1, 2005 3:07 PM ∞

Albert wrote:

Can I wire money into Iraq?

Yes. Wiring money to Iraq can be done with any international bank with a correspondent relationship with an Iraqi bank. One bank, the Credit Bank of Iraq has opened an account with National Bank of Kuwait in New York City. Thus, funds can be transferred to Iraq by wiring funds to the Credit Bank's account in New York City. The Credit Bank will receive confirmation of the deposit and can immediately credit an account in Baghdad. Using this method, a prime contractor can wire funds to the Credit Bank of Iraq’s New York City account, upon confirmation the deposit will be credited to its account in Baghdad. In turn, the prime contract can deposit these funds into an Iraqi subcontractor’s account at the Credit Bank of Iraq where the subcontractor can then draw down its funds as required.

Also, Citibank in Amman offers a service that delivers cash to the doorstep of the beneficiary in Iraq (tel. # Country Code (U.S. it is 011) +962 6 567 5100). Some U.S. Army personnel and foreign officials use the Export & Finance Bank (tel. # Country Code (U.S. it is 011) + 962 6 569 4250) in Amman, Jordan, which provides money transfer services in cooperation with Baghdad Bank.
Visa International entered into an agreement with Rafidain Bank to allow the bank to make electronic fund transfers among its branches throughout the country. A list of private banks operating in Iraq and possibly providing this service is available from the CPA website at : www.iraqcoalition.org. However, Iraq’s creditors preclude banks, Rafidain and Rasheed, from international transactions because their offshore assets are subject to attachment.

http://www.export.gov/iraq/bus_climate/travel_faq.html#U

-- September 1, 2005 4:17 PM ∞

skimanvann wrote:

Anyone care to share??

The Dinar has been at 1470 for a month. Why is it locked at that price? Has ICB bank frozen the value prior to setting a new peg? Seems interesting to see no fluncuation.

Any comments welcomed!

TTFN

greg

-- September 2, 2005 10:19 AM ∞

allen wrote:

There is no imminent Peg(0.41-$1.00)
This is a disinfo campaign -flat out untruths

disinfo:false information deliberately and often covertly spread (as by the planting of rumors) in order to influence public opinion, or obscure the truth.

The exchange rate of the IQD has been @ 1465-1470 by the CBI for the last year and one half
It is a managed fixed rate regime allowed only to fluctuate within a small band
within the CBI auctions
The CBI has the rate budgeted for 2005-2006 at 1465
read the IMF report
The IQD rate will stay as this for monetary stability until Iraq gets ;

-Stable governance(risk factor)
-economy rebuilds(infrastructure) and prospers
-security is in place
-dinar will gain value

-- September 2, 2005 10:44 AM ∞

JB_Smith wrote:

Temporary refuge for IIF junkies... CLICK HERE

:)

-- September 2, 2005 11:57 AM ∞

Ian Troxell wrote:

Gripman,

Quick info about Investors Iraq.com (IIF)... several members IP addresses have been tracked to dealers websites...

Now IIF is a paid website either pay "19.95" or buy Dinar from Amer (HMMMMMMM).. not only do you have to pay "19.95" to post a comment but you are bombarded with "Rumors" of a peg, that is NOT going to happen anytime soon.

(Fact)I recieved an e-mail from a CBI rep on 08/20/3005. The e-mail related that the currency will remain at its current value until at least 2006. In 2006 another fiscal study will be completed and the value MAY rise then (speculation. The CBI rep never answered my question about the availability of the IQD on the forex..

Sorry this isn't great news buts thats reality. Be very cautious of the IIF..

I read a story of a single parent borrowing 13,000.00 against her house and put into the Dinar because of the hype on IIF. Its really sad but a lot of people take the rumors for fact and see wealth and financial bliss... Their is a criminal investigation going on the IIF forum for possible fraud.. we'll see how that pans out.

Bottom line.. invest only what you can offered.. look into other avenues.. and good luck..

-- September 2, 2005 2:10 PM ∞

ian troxell wrote:

email date from CBI should read: 08/20/2005

-- September 2, 2005 2:13 PM ∞

JB_Smith wrote:

IIF is not a paid site, you don't have to pay a dime to post there,
good grief
%)

Not sure i understand the problem
if some users are NID dealers,
watever,

the site is locked temporarilly
because of misbehavior
so i was providing a temporary alternative.

Cheers!
-JB

-- September 2, 2005 2:46 PM ∞

me wrote:

IIF is a front for a dinar store .Nothing has come true so far.They have no 'inside ' info at all but I do want to thank them because this has been my highest sales record for dinar ever LOL.I am a dinar dealer sitting back enjoying the rush of dinar sales ,thanks Amer!I buy for $680.00 and sell for $790.00 ,I usually make $3000 a month but this month i sold over 60 million!When i buy my dinar I expect to make $100 per million not hundreds of thousands.When the people buy bulk from me ,they sell in smaller lots and the prices become $860 + and they too are happy to make their $100 per million.This is a honest picture of who will make the money from dinar sales. I expect one day the dinar may flucuate much like the US dollar has gone down 20% the past 2 years ...the dinar may achieve a modest increase.Sorry if this is too much reality for the people who planned on getting rich this.

-- September 2, 2005 4:56 PM ∞

ian troxell wrote:

JB,

You have to either pay 19.95 for a three month subscription to post or "PM" anybody.. or buy Dinar from Amer. What part of that is not a "pay" site!

Me,

Thanks for your honesty.. FINALLY somebody with some guts to step up to the plate and tell the truth... business is business I understand that... as long as you practice honest business I say sell all that you can..

To the IIF,

Deciept is a a bad business practice and will be dealt with very swiftly.. Every criminal has that first run of "good times" but one way or the other it catches up with you... Big brother is watching... and documenting away..

-- September 2, 2005 6:10 PM ∞

JB_Smith wrote:

ian troxell wrote:
You have to either pay 19.95 for a three month subscription to post or "PM" anybody.. or buy Dinar from Amer. What part of that is not a "pay" site!

Well unless something changed very recently,
i personally was never required to pay,
to do any of those things.

You do need to pay if you want into the Super-Secret Forum Supporter's Forum,
where we all go to snicker and laugh at people without memberships,
elsewise it's a free forum.

Oh, and you get a Cool Badge next to your name too.

.

-- September 2, 2005 8:23 PM ∞

JB_Smith wrote:

You know what else though Ian,
you get my hackles up...
publically throwing around libelous words
like "deceit" and "criminal"

bottom line is you don't know anything at all,
your posts are pure conjecture,
with no more substance than the rumors
on which you appear to be blaming all the woes in Dinar Land,
including some fictitious single mom
quote:
"Its really sad but a lot of people take the rumors for fact and see wealth and financial bliss..."
Yes it's really sad that a lot of people don't take what they read
with a grain of salt
and then blame someone else when they're the worse for it.
Really sad that personal responsibility
is a difficult concept.

Sorry but this is some pretty dubious investigative reporting
coming from someone who doesn't even know IIF is a free forum.
.

-- September 2, 2005 8:49 PM ∞

willie wrote:

Whats the deal with Investors Iraqi Forum. They won't let you in unless you pay for a subscription?

-- September 2, 2005 10:05 PM ∞

Anonymous wrote:

willie wrote:
Whats the deal with Investors Iraqi Forum. They won't let you in unless you pay for a subscription?

NO NO NO!!!!

ATM it is locked down
because the membership got a bit too rowdy.

Which is why i said Click Here
to anyone from there
who happens to be around here;
i made a temporary forum
in case they want to vent or something,
or something,
honestly i forget why i did it
because i did it before my second cup of coffee
i should know better.

But i'm sure my motives were pure,
i think i'm a good guy.

And i think the same of IIF,
which is a FREE FORUM,
btw.
.

-- September 2, 2005 10:25 PM ∞

JB_Smith wrote:

OK so they are only admitting Forum Supporters tonight,

they made a liar outa me /after/ the fact;
no fair sticking me on a technicality.

And anyway it will be free for all again tomorrow.

Erm,
Free for all, i mean, not free-for-all,
i hope
:)

-- September 2, 2005 11:25 PM ∞

Bev wrote:

Ian,

thanx for teling it like it is. i think that your post on the dinar is one of the most honest reports about the dinar that i have read. iagree with you that the dinar peging is a long way away. i also beleive that it won't necesarily bust wide open and make dinar investors millionairs (in U. S. dollars). it is also sad that someone would borrow 13,000 dollars to buy dinar.this lady stands to loose a lot of money just by listening to rumors i am a single mom also.i have been on Investoriraq.com and by the way some of the people talk, i would be tempted toborrow money tomorrow too buy dinar. Some of these people have stared rumors just to sell dinar if you ask me. what a shame. there are too many rumors from too many dinar dealers. i say to get away from a peg date and fantasy and stick to what they know and maybe people will beleive them.

to Me- the dinar seller
thanks for beeing honest about the way things really are. with you beeing honest maybe the people that follows these rumorse will come back down to earth and see who is really puting out rumors and why. the truth is now out and it is about time. good luck to all
just my 2 cents worth

-- September 3, 2005 10:31 AM ∞

Loko12 wrote:

Looks like a lot of censorship on IIF. People disputing the Rumormongers are promptly warned and their posts deleted.

-- September 3, 2005 11:36 AM ∞

biggmike wrote:

How much Dinar do you suggest the average joe purchase?

-- September 3, 2005 4:17 PM ∞

me wrote:

hello again

Nice to see some people with at least one foot on the ground.And I am glad that me coming out of the closet has helped people see the reality of dinar 'investing'.
I will ad another fact over Fiction info for all of you folks.All dinar notes are the same price , i pay $680 per million for the 50 notes as well.The reason they are more expensive is because to ship them overseas to USA it will cost about $155 per million and I do have to add that in the price.So I would recommend you have a few 50 notes as keepsakes but not buy them for investing.You will get much more by buying the larger notes.The 5000 ,10000 and 25000 all cost same to ship but when you see the 1000 or less notes going for $1000+ per million please keep the shipping cost in mind.

-- September 4, 2005 12:53 AM ∞

gripman wrote:

It definitely does not cost anything to join IIF.Although the new rule is that you can only post 10 times a day, unless you are a "Forum Supporter". It was really getting ridiculous over there with the bashing.I have a feeling that the "timeout" has caused the instant demise of the site.Good luck to all.

-- September 4, 2005 9:22 AM ∞

gripman wrote:

p.s. Hey, ian troxell, weren't you a kickboxer?

-- September 4, 2005 9:25 AM ∞

Mrs. Templeton wrote:

This is to InvestorsIraq and Dinarpost.com
Please tell us when the next dinar peg is going to happen. Are we all going to be rich tomorrow or the day after tomorrow or the day after that? Please help me and give me some "inside information" on when the next dinar peg is going to happen. You all have all the friends in "high places". I have been waiting for six months now. Each time you all make a prediction I tell my husband to go ahead and write the check to pay off our house and I send it off to the mortgage company on the date that you all predict the dinar is going to peg. My husband has now has written 42 bad checks to mortgage company. Our mortgage company is not too happy with us right now, but I still believe in your predictions. I keep putting my Aston Martin on order at the local car dealer whenever you all predict a dinar peg. I have written 42 bad checks to the car dealer as well. The car dealer says that he wanted your names. So I PROUDLY gave him your names on the IIF and now the dinarpost.com sites. I told him that I was proud to be associated with you all. He thinks you all are from Florida. He keeps saying "Sunny Beaches" whenever I mention your names. Lance (my hero)was the first dinar prognosticator then a bunch of the other dinar sellers (Clay and others) jumped in. That is when the whole IIF site jumped on the bandwagon. Now they've started dinarpost.com . My husband keeps saying, "Same old members, same old bullcrap" about both websites. But,I have been soooo excited ever since you all started in the dinar psychic-prediction phenomenen business. I must say I got a bit upset when your last prediction didn't happen. I went over and kicked the neighbor's dog. The dog bit me and I passed out. My husband said that on the way to the hospital, I was out of it. He said that I was yelling to the ambulance driver and saying, "It's pegging, it's pegging!!"
So please tell me that it is going to peg tomorrow. Just tell me, pleasssse! My husband says you are "nuts". But I think he is just jealous because I sleep with my dinar in my bed. I also have my Warka bank account book hidden under my bra (oops, you know now). I have $200,000 u.s. dollars in dinar in my Warka Bank account. I admit things have been a little tight since I took out a third mortgage on my house third to open the Warka account, but hey if IIF and dinarpost.com says it's okay then it has to be right. My friends call you "dinar fortune tellers". They say you haven't gotten one prediction right but I believe in your "crystal- ball approach". I will buy more and more of your dinar that you are selling if you will consult with your "crystal-ball" one more time. I am sure that reading a crystal-ball is very difficult even if you are "gifted" such as you all are in predicting the future of the dinar peg. I realize now why your predictions have been slightly off. There must have been a space-time distortion in your crystal-ball. Have you checked the plasma-inducing diffusion-conductor in your crystal ball. That'll throw it off everytime. I have also heard not to have a crystal-ball near the Bermuda Triangle. There's something about aliens causing it magnetic problems or something. That's just what I hear.
After you get your crystal ball repaired Could you also check your crystal ball to see how long I am going to live? I want to see if I am going to live long enough to see your dinar peg prediction come true. I am also going on vacation to Hawaii on September 18-25. Could your crystal-ball tell me the rain probability on the island of Oahu during that time. Oh, I almost forgot my husband wants me to ask you if your crystal-ball works with predicting stock prices on the New York Stock Exchange. He says he sure could use a few good predictions from you all. But I have faith in you all. I know that you will get the right prediction this next time.
I must run now. You all may have been wrong for 42 times in a row, but nobody's perfect.
Yours truly, Mrs. Templeton

-- September 5, 2005 2:25 PM ∞

Loko12 wrote:

IIF is now the "Cookie Club". Aunt Gwinnie, RET, and Dinaeress have chased all the Bad Guys out for posting Rumors in the Rumors Section. All the people in the know are at http://www.dinaroutpost.com/ because they have been warned, deleted, booted and otherwise harassed by RET and the Mod Mafia. So, if you want to enjoy a Dinar Information forum with now censorship come to the Outpost. All the other Geeks, losers, whiners and Cookie Clubbers can stay at IIF and be censored. Adios

-- September 5, 2005 8:19 PM ∞

Mrs. Templeton wrote:

Dear Loko12 I went over to dinaroutpost.com.

I want you to know that I am soooooo happy. I noticed that one of my favorite dinar peg psychic-predictors is on your forum. Tell Clay that Mrs. Templeton still has faith in him even if he does post false predictions just to sell dinar (ooops, sorry, that was my husband's comments). My husband can be so mean sometimes. I do have a question for Clay. I was wondering if you could ask Clay if he uses their usual crystal-ball approach on dinar peg predictions or does he just have "visions" that tell him when the dinar is going to peg?
Do you have any more of those lovely dinar foretellers on your site? Can they post some more of those saucy peg dates? Now that they are free from IIF, maybe they can just keep dinaroutpost.com as a "psychic contact" website for some more dinar peg predictions. My husband says that he is starting to get a "vision" about the next dinar peg (lol).
I am wiggling in my stilletos just thinking about all those new dinar peg predictions. I can't wait until the next dinar peg prediction comes from dinaroutpost.com . Please tell me Loko that I will get a new prediction from you all. I am sooo happy now. My husband said that he is ready to write another check to pay off our house. He is just waiting for some more predictions from Clay and Lance. He can be mean sometimes. But, he has to go out cut the neighbor's yard today. He is taking on part-time jobs (5 so far) to help pay for my loans in buying dinar and opening a Warka bank accout when Lance, Clay and all the other great dinar
predictors had all those "crystal-ball" moments.
Did I mention that my mortgage company is not too happy with us right now?
Could you tell Lance that Mrs T. is waiting for his predictions as well. My husband says that he would like to hand Clay and Lance the lawnmower that he is using right now to mow the neighbor's yard. He can be so mean sometimes.
Yours Truly, Mrs. Templeton

-- September 5, 2005 9:36 PM ∞

Loco12 wrote:

Well, the real Clay75 hasn't posted yet. There are two Claywantabees, but everyone knows they are fakes. Don't worry, you will know when the Dinar pegs and then you can spend your millions.

-- September 5, 2005 9:49 PM ∞

Ruth wrote:

This is REAL news, NOT rumor. But also may mean nothing. Copied this from AZZAMAN.COM this morning a newpaper from Iraq. The entire article is "Industrual Bank slashes rate by half". The part I found most interesting OR I MAY be reading more into it than there really is: "But the financial sector is still struggling and has not yet integrated into broader Middle East or international banking systems." .....Which sounds to me like they know they need to, 'integrate into International Banking Systems'.

Copied from site:
>>Iraqi banks, both state-owned and private, are striving to modernize their financial services and some have introduced fully computerized systems.

But the financial sector is still struggling and has not yet integrated into broader Middle East or international banking systems.

Habib said investment, both by local and foreign entrepreneurs, was essential for the country’s post-war reconstruction.

He said the country cannot solely rely on its oil wealth, and he cited the United Arab Emirates, which despite its massive oil wealth, still relies on foreign investment to develop its economy.

There is more to the article, but nothing that I felf may reflect directly to the Dinar. It's interesting daily reading though. At AZZAMAN.COM click on "News".

And a p.s. to Mrs. Templeton. Thank you for the interesting stories while waiting for the "peg". Kept me laughing. Think I'll go kick the neighbor's dog also!

Ruth

-- September 6, 2005 5:34 PM ∞

skimanvann wrote:

It appears we have to wait until 2006 for a possible peg?? A penny dianr to aUS dollar is fine with me. We need IMF approval and open market trading of IQD.

That reminds me I goota bring my dog in. The neighborhood is getting irritable.

ski

-- September 6, 2005 9:57 PM ∞

Bill1 wrote:

Something interesting to watch for:

http://thestaronline.com/news/story.asp?file=/2005/9/7/worldupdates/2005-09-07T113900Z_01_NOOTR_RTRJONC_0_-215252-3&sec=Worldupdates

Seems they want to begin Saddam's trial right about the time they plan to ratify the proposed constitution.

This will be a huge/crucial milestone in the post-war Iraqi condition.

Saddam's trial is currently planned to be held in the Green Zone compound October 19th.

Ploitical unrest by the Sunnis before, during, and after the trial is all but guaranteed.

Should Saddam walk (God forbid), then this house of cards we call "The Rebuilding of Iraq" will come tumbling down, and stay down.

Saddam being acquitted would be a triumph to the Sunnis and Insurgents like no other, and Civil War would most likely be just around the corner.

October will be a very intersting and tense month to watch unfold in Iraq.

And, it all begins in approximately 42 days.

(they should consider putting it on pay-per-view)

Bill1

-- September 7, 2005 10:51 AM ∞

RYAN wrote:

I AGREE WITH SKI...JANUARY 2006 AFTER THE ELECTION IN DEC SOMETIME FOR A PEG....AND A PENNY WOULD BE APPRECIATED

I KEEP MY DOG INDOORS

-- September 7, 2005 4:12 PM ∞

johnnyhavedinar wrote:

When and if there is a peg, it will not be a penny. It will be much more. Iraq cannot buy goods , medical suplies, computers, cars, planes,oil equipement and other stuff that is needed to rebuild thier country on a penny. The money will have to be worth a lot more to have purchasing power.

Johnnyhavedinar do you.

-- September 8, 2005 11:08 AM ∞

skimanvann wrote:

BRING IT ON!!

I was thinking low and now I need to reset my expectations! I agree with the IQD buying power argument. There are 25,000,000 consumers who need everything.I hope the Administration sees it that way and supports a strong peg in the very near future. When does the new Iraqi Constitution go up for a vote??

TIA

ski

-- September 8, 2005 3:16 PM ∞

Shajee wrote:

The Iraqi Dinar Future Investment Prospects

Every second person Tom Dick and Harry right from uneducated cooks, waiters, taxi drivers, masons, carpenters, house wifes and you name them through out the world talking seriously to invest in Iraqi Dinar.

Now what is the future prospects in investing in Iraqi Dinar ??

This is a BIG QUESTION for the very reason that there are multiple factors involved, where the future value of new Iraqi Dinar drifts North or South, economist and mathematicians may jointly come up to design a differential equation with multiple variables projecting the future value of Iraqi Dinar.

Out of these multiple variables three variable are very important:
(a) The time factor
(b) The number of notes in circulation.
(c) The number of currency notes printed

Every prospective investor gives example of Kuwaiti Dinar appreciation.
Kuwaiti Dinar and Iraqi Dinar have two different stories, relating to the three variable mentioned here above.

AA) In 1990 after the invasion of Kuwait by Iraq Kuwaiti Dinar plunged almost as low as
around US 1 cent, after the return of Kingdom what happened

(1) The New currency was printed which replaced the Old Currency notes
(2) The Time Factor: The Kingdom return home in a very short time
(3) The number of Currency Notes in Circulation: During this short transition time period there was no printing of Old Kuwaiti currency notes, which would cause inflation
(4) The Old currency notes were replaced by equivalent New currency notes, the new currency notes in circulation remained the same as they were before the invasion of Kuwait by Iraq in 1990.
(5) On return of Kingdom, Kuwaiti Dinar re-gained its value as it was before the invasion.

This is not in the case of Iraqi Dinar, let see,
BB)
(1) The Time Factor: From 1990 to until Fall of Saddam Empire it is almost 12 years.

(2) During this long time period un-accounted large number of currency notes were printed, caused inflation, resulting in devaluation of Iraqi Dinar where it stands today.

(3) The New Iraqi Dinar has only replaced by the Old Iraqi currency notes, hence the number of currency notes in circulation remains the same in trillions created by the out going Saddam.

In light of above presentation, do not see any future prospects of investors in Iraqi Dinar, can possibly look forward for any appreciations in Iraqi Dinar value, unless notes in circulation are reduced.

In the region three countries changed their currency:
(1) Kuwait
(2) Afghanistan
(3) Iraq

In the process of change of currency of Afghani three zeros were deleted, thinking that this may revalue the Afghani, the Afghanistan currency did not revalued, only thing happened the consumer buyer now carries few currency notes instead of huge bundles of notes, otherwise the Afghani currency value in terms of U.S.Dollars other currencies stands were it was.

Regards
Shajee

-- September 9, 2005 7:40 AM ∞

Shajee wrote:

Currency value comparison: It would be a wrong prediction, if anybody thinks Iraq currency Iraqi Dinar will appreciate and attain value as of other oil producing countries in the region Kuwait, UAE, Saudi Arabia and others, well in the case of Iran also being an oil producing country in the region its currency is the lowest and same is with oil producing country Venezuela, why not buy Iran & Venezuela currencies.

-- September 9, 2005 8:12 AM ∞

Bill1 wrote:

Thanks for the prospectus Shajee,

You make an interesting point (to an extent) about the amount of notes in circulation vs. the actual value of the IQD. But, the Iraqi Dinar, as I understand it, will be a floating currency when it finally pegs, which is why people - like myself - have invested in it. By vritue of it being a "floating currecy" tied directly to the Iraqi economy, it has very good potential to increase in value - so long as the Iraqi economy flourishes.

You mention Kuwait, and other Middle Eastern countries, to include Venezuela too... "Apples vs. Oranges", is all I can say to that example.

Bottom line is: There is no "Cookie Cutter" format to follow here, regarding the future economic outcome in Iraq.

If that were the case, then using your example, no one would have taken a chance on investing/gambling on the IQD increasing in value.

Personally, I see the Dinar initially pegging and increasing in value (sometime w/in the next six months) along these lines:

First: I believe Iraq has about a 1/4 (give or take) of Japan's economic strength. The Japanese Yen currently trades against the USD at 110:1, (110 Yen to 1 USD).

The Dinar currently trades at around 1465 to the USD. By my calculations I believe the Dinar value, once it pegs will be somewhere around 366.25 IQD:1 USD. By that estimate, initially, I will have made $2,730.38 on an $867.00 investment (1,000,000 IQD), which is a 315% return.

Its not the millions that some hope to make, but it's still very good profit - especially for those folks that have purchased tens of millions of IQD.

What happens down the road is anyone's guess, but I believe the IQD will double in the above mentioned value within the first year, or so - so long as we get a handle on these menacing insurgents.

Iraq has a realtime potential to rival all existing Middle Eastern countries, economically speaking; which makes it so dangerous and worrisome to it's neighbors, and causes the stakes to be so high regarding it's rebirth as a Democratic Nation.

Iraq doesn't need the GCC, but the GCC needs Iraq - and they know it.

Only 1/10 of Iraq has currently been explored for oil reserves, and no one can convince me that there isn't at least 1,000 times more oil waiting to be discovered in Iraq than what currently exists - not to mention all the other natural resources Iraq has going for it. Etc, etc, etc...

Many skeptics, people akin to the type that once thought the world was flat, attempt to derail the hopes and dreams of Dinar Investors, but I haven't heard a convincing argument yet as to why Iraq will not be a success.

There just aren't enough radical, brainwashed, suicide bombers in the world to stop it from happening. They can slow it's progress some, but they can't stop it.

My $.02...

Bill1

-- September 9, 2005 9:40 AM ∞

Michael wrote:

I am going to come right out and say it.....
Shajee you don't know what your speaking of obviously. There is no comparison, NONE!

Sit back and watch what happens in the coming days to the value of the Dinar......

You can get on the train without a ticket folks. Can you afford NOT to take this chance?? It has NEVER happened before to this magnitude and it will NEVER happen again in any of our lifetimes.

It makes no differance to me if you do or not. I wish you all well in whatever choices you make in life.

The wealthy don't make money, they create it!!

-- September 10, 2005 9:58 AM ∞

Michael wrote:

Bill I agree with you.
When the world is in such a need as it appears for the black gold under the ground here I just don't think it will even slow it down too much. How many lives have been lost for much smaller treasures in the past?

DOn't look at the news...they are so biased it is pathetic.
GW will not let this fail...no way no how. This is only my opinion of course.

Wealthy people do not make money, they create it.

Wooooooaaaaaaaah BUNDY!! :)

-- September 10, 2005 10:04 AM ∞

Ruth wrote:

This sounds encouraging to me. From www.portaliraq.com "Knocking zeros off currency is not acceptable"

The Iraqi Dinar depreciated in value from being equal to $3.2 to its current rate of ID1470 to the single dollar. With only one type of ordinary shares whose face value is fixed by law at one single Iraqi Dinar, all joint stock companies were forced to issue more and more large number of shares to build up their capital base to reasonable levels.

Many middle aged Iraqi businessmen and accountants yearn for smaller figures and many economists have been arguing in favor of a new currency with higher denomination to simplify calculations. Knocking three zeros from the currency may be not acceptable to politicians at this stage of uncertainty in Iraq.

-- September 11, 2005 12:27 AM ∞

BOB wrote:

Has anyone found a dinar site that is anything like the T&B, in that the participants post comments. Every site that I visit has a catagory index which you can log on and get info, which sometimes is weeks old.

The T&B has hit a low ebb with almost no comments. I thoroughly enjoy reading the comments but now there are very few, so if anyone can recommend a site similiar to T&B which is more active, please post it.

I will stay with T&B until Kevin removes the site, which I hope will be never but we must have more activity in order for the site to be kept in operation.

-- September 13, 2005 11:15 PM ∞

Ruth wrote:

Bob, I go to http://www.investorsiraq.com/ once in awhile. I have only read and not posted, but there are posts that say which day they were posted, "today, yesterday", or whenever. It seems to at least have some current posts.

-- September 14, 2005 2:43 AM ∞

Bill1 wrote:

Roger that BOB,

There just isn't that much info /new info - not the same old headlines we've heard over and over again/ out there right now.

There is a website that I've found that looks to have very good up-to-date information - the kind all of us as IQD investors are most interested in, but they want you to subscribe to their site. ...who knows maybe it's worth the subscription???

Anyway, here's the site:

http://www.iraqupdates.com/registration.php

Beyond that, it looks like we're all simply waiting for Saddam's trial to begin, and the ratification of the constitution on the 15th of October.

Bill1

-- September 14, 2005 8:23 AM ∞

WishfulDinar wrote:

I know there are a lot of people on this board that are hoping to make a few extra bucks on a long shot. If you have money to lose - like gambling - the payout could be huge. This post is directed to those that look at the IQD as an investment or as retirement. I know a friend's father who has invested his whole life savings on this crap shoot (About $100,000)and this just makes me furious that people are touting this as a sure thing. Here are some arguments on why the Dinar may not rise.
1) Arguments that Bush will not let Iraq fail is not a valid stance. First, if the Republicans lose the next election we may pull out of Iraq before the job is done. This could lead Iraq into chaos (and don't say we won't pull out - we left Vietnam even though people said we couldn't because communism would take over southeast asia). We also stated in Vietnam that we would leave once the South Vietnam army protect themselves and took their own destiny in their hands - it didn't happen and most of the people didn't ask for us to be there (which is the case today).
2) Iraq is a country seperated by three groups that hate each other - kurds, shiite, and sunnis (each backed by outside forces) The only thing that kept the country together was a repressive and violent dictorship. How will it survive as a democracy? What will prevent it from spliting up into three different nations with three different currencies.
3) The old Hussein dinar has nothing to do with today's dinar. The argument that the dinar will be traded at pre-war levels is not valid. If the dinar pegs as some people think it will, does that mean everyone in Iraq will be Millionaire's - do the math.
4) Find a serious and knowledgable investor that agrees (not Internet board posters) with the investing in Iraqi Dinars. They will tell you that you would have better odds in Vegas.
5) The only people making money from this are the sellers of the dinars - and they are posting under different names to pump up the sale of dinars. You can see the cycle - tell people to buy as much dinar before the "peg date", foretell of the "peg date" from "good sources", collect commissions. Rinse and repeat every few months.
6) If its too good to be true . . . you're getting played. The Dinar sellers are using your religous convictions and patriotism in making a quick buck off of you. When was the last time that you made a good financial decision with your heart instead of your head.

In the end, if this is just play money - go for it. But don't bet your life. I'm sure I'll get a lot of responses stating that this time it is different and that I have some type of motive to make people not by iraqi dinars. But what is my motive? To buy more dinars for myself? (everyone and their grandma are selling dinars). To not support our cause in IRaq? - Well, we can better support the economy of Iraq by investing in the companies that are doing business in Iraq. If you really believe the Iraq will pull through - invest in those companies rather - a lot safer and less to worry about.

-- September 14, 2005 12:16 PM ∞

Shajee wrote:

WishfulDinar:
You are absolutely right what, I have a strong point that the inflated number of old currency notes in circulation has been eqaully replaced by New Iraqi Dinar,hence the old currency depreciation has been brought forward in to the NID, I do not seen any chance of appreciation of NID, if NID is expected to increase it value in future, financial experts would not have printed NID notes of very high denomination of 25,000.
Good Luck to invetors in New Iraqi dinar.
Rgds/shajee

-- September 14, 2005 4:35 PM ∞

Shajee wrote:

WishfulDinar:
You are absolutely right what you mentioned in your comments, I have a strong point that the inflated number of old currency notes in circulation has been eqaully replaced by New Iraqi Dinar,hence the old currency depreciation has been brought forward in to the NID, I do not seen any chance of appreciation of NID, if NID is expected to increase it value in future, financial experts would not have printed NID notes of very high denomination of 25,000.
Good Luck to invetors in New Iraqi dinar.
Rgds

-- September 14, 2005 4:39 PM ∞

Bill1 wrote:

You Gents are absolutely right!

This is turning out to be one hell of a gamble.

If I knew then what I know today about Iraq, this political rebirth it's struggling to get through, etc, etc; I would have saved my money and invested in something else.

But...

I'm in for the long haul - I have no choice.

You don't go to the race track and bet on a horse, and then root for him to loose the race.

So it is with me and my IQD investment.

I don't ask for much. I could care less about making millions of dollars. I just want me and my family to be comfortable, and the Iraqi people to have a chance at the same good life we have here in the states.

Wouldn't that be something?!?!?...

The war was a bunch of BS to begin with - and we all know it. No need for a debate here, etc.

I'm active duty military and will probably be heading to Iraq within the next yaer, or so. So, I'll get my chance to do my part to try and better the lives of the Iraqi people.

Things are starting to heat up in Iraq, because the stakes are getting bigger and bigger.

The Honorable President Bush and Mr. Rumsfeld... :^) are "lost in the sauce" when it comes to master-minding a successful outcome in Iraq.

Political suits in control of the military is a recipe for disaster, and always has been.

We need to secure the boarders with more boots on the ground - period.

But, the beltway bean counters could care less. The U.S. government always wants a Cadillac at a Chevrolet price. And, it's no different in this administration's handling of Iraq.

All any of us can do at this point is continue to keep the faith, and to hope for the best.

Bill1

-- September 14, 2005 10:15 PM ∞

Bill1 wrote:

Concerned about the future value of our IQD????...

Here's a little something to help keep us all awake at night wondering just what the heck's going to happen next:

http://atimes.com/atimes/Middle_East/GI16Ak03.html

It's a very interesting read.

I, for one, think it's time to stop pussy-footing around in Iraq.

Are we there to win this thing, or loose it all?

If we can't get smarter and begin thinking one step ahead of the insurgents, then we are doomed to simply "REACT" to their criminal plots, and innocent people will forever be caught in the middle.

I wonder sometimes, how much more "failure to protect them" will the Iraqi people put up with, from the U.S. and their government officials(?), before they decide that, "If you can't beat them - then join them!".

Once we "ALLOW" that to happen it's "Game Over".

Our only recourse will be to simply pack our bags and leave Iraq with our tails between our legs in disgrace.

The so called "World's Most Powerful Nation", will have once again, allowed itself to be defeated by a bunch of rag-tag, paramilitary rejects.

...

-- September 16, 2005 10:44 AM ∞

Dave wrote:

True.

-- September 16, 2005 3:06 PM ∞

CuriousCat wrote:

Bill1,

I've been reading these posts in the last couple of weeks. I haven't invested but had been considering it. I have a friend in Dubai who comes home 3 times a year.

If you were a "newbie" to this site and had only recently been considering investing in IQD. Would you do it now?

CC

-- September 16, 2005 4:12 PM ∞

BOB wrote:

I like the tone of the recent posts. I said before we went into Iraq that it was a mistake. Even if they had WMD, we were not in any more danger than anyone else so let the UN handle the problem.

Now that we are there, there is no benevolent friendly way to fight a war especially if you are dealing with terrorist who are willing to blow themselves up for $100.00. The Geneva convention did not apply to terrorists, only to countries who put soldiers in uniform to fight.

I, therefore, belive that if we have any hope of succeeding in Iraq, it will be with ruthless, relentless, pursuit of these idiots who are blowing themselves up on a daily basis.

Lt Calley killed 145 women and children in Vietnam which should not have happended, but it is part of what war is all about. I would make these detainees in Guantanimo
Bay(SIC) talk, using whatever method that works in order to stop these terrorist attacks in Iraq.

It is time to stop these terrorists and real soldiers know how to do it if the bleeding heart liberal will turn them loose.

-- September 16, 2005 8:21 PM ∞

Bill1 wrote:

CuriousCat,

If I were you, I'd still invest in the IQD, just not as much as I did.

You can still purchase 250,000 IQD for about $222.00 U.S. off of e-Bay. I wouldn't buy much more than that today, due to the recent bleak political outlook in Iraq. And, if it hits, at say around .15 U.S., then you've still made about $37,500.00 on a two-hundred & twenty-two dollar investment. And, if it all goes to hell in a hand basket, then you're only out about 3.5 tanks of gas (depending on size of vehicle).

The only dealer I trust is "dima89" on e-Bay. He has an astounding track record of delivering his authentic IQD on time, as promised, through DHL.

If you care to go with someone else ...good luck.

I invested in the Dinar in July of 2004 when things looked a hell of a lot better than they do today. And because I couldn't forsee all of this nonsense coming to pass I spent thousands.

I didn't spend/gamble more than I could afford to loose, so I'm not crying over spilt milk. I'm just upset at how we're handling the situation in Iraq.

To date, it's a travesty...

I, and a lot of others, couldn't forsee how deep the Shiite & Kurdish hatred runs for the Sunni Arabs of Iraq (and vise versa) - to the point that we've reached this political impass.

But... a glimmer of hope may still remain.

All may not be lost in Iraq (just yet) - I haven't completely given up on her rebirth, but I certainly don't have the unshakable faith for her success that I once did either.

Many here at the T&B were saying this more than a year ago... GET A HANDLE ON THESE INSURGENTS/TERRORIST ASAP!!!

But...

What do a bunch of Arm Chair Bloggers know anyway...???...

Good luck to us all,

Bill1

-- September 16, 2005 10:51 PM ∞

CuriousCat wrote:

Thanks, Bill1. I've asked my friend to buy some for me. :)

CC

-- September 17, 2005 2:46 AM ∞

Dinar wrote:

I came across this deal on ebay if anybody is interested..

Item #5809181995

Item #5809182275

total of 1 million dinar for about 780.00 ... all 500 notes... just in case they get rid of the 25K notes

-- September 18, 2005 12:58 PM ∞

skimanvann wrote:

When the Iraqi Constitution is ratified will the dinar peg?? That is...if it ratified. I liked the Marshall Plan example. Also, 25 million consumers needing everything from cellphones to lap-tops. A strong dinar will jumpstart the country and a major buying binge.

G'Day!!

ski

-- September 19, 2005 4:38 PM ∞

Bill1 wrote:

More bad news coming out of Iraq.

The situation is now degrading in quantum leaps.

The end may soon be near and it doesn't look as though we'll be leaving Iraq with a check in the WIN column...

1) A news story about how $1,000,000,000.00 (+) of reconstruction funds have turned up missing in Iraq - seemingly at the hands of U.S. Military and CIA Operatives.

http://www.taipeitimes.com/News/world/archives/2005/09/20/2003272434

[With stories like this it won't be long before common Iraqis start beheadiing American Military in broad daylight]

2) And, Al-Qaeda has now established training bases in Iraq - you know, the ones we destroyed in Afghanistan!!!

http://www.theaustralian.news.com.au/common/story_page/0,5744,16661140%255E1702,00.html

[I wonder... can we screw this up any more than we have?]

At this rate our IQD investment doesn't stand a chance...

Bill1

-- September 20, 2005 1:17 PM ∞

Mega_raptor1 wrote:

Does anybody know how many Dinars are out in circulation? is there a link for this?

-- September 20, 2005 1:42 PM ∞

ELVIS THE KING wrote:

There has to be Billions of new dinars floating all over in Countries besides UNITED STATES. Some of you people are giving up on DINARS,it takes a little time,it will go up. We just have to wait a little longer.Everyone right away thought thay will be millionairs it is not that easy, it is a waiting game.They are not going to cancell the 25,000 dinars.People are just trying to start something,No matter how long it takes just hang in there. The shiite, kurdish, and the sunni arabs have to agree together on every thing. they are also not going to change the dinars.there are BILLIONS and BILLIONS of DOLLARS to spend in iraq .the oil along will bring up the dinars plus every thing else. ELVIS THE KING !!!!!!!

-- September 20, 2005 6:09 PM ∞

Mega_raptor1 wrote:

If Iraq is printing money without a standard to back it up, will be hard for anyone to cash in anything.
this also leads to huge inflation for Iraq. Hopefully they put a cap on sales of Iraqi Dinars soon.

-- September 21, 2005 12:04 AM ∞

Michael wrote:

Mega-Raptor you have to educate yourself sir. Your behind in the power curve. Read!!

-- September 21, 2005 7:00 AM ∞

Bill1 wrote:

Good morning All,

I posted yesterday but it didn't go through.

Oh well, maybe it was for the best - it was just a bunch more bad news coming out of Iraq.

Speaking of education...

Here's an informative link to help better explain the difference between Floating and Fixed Currencies:

http://www.investopedia.com/articles/03/020603.asp

Should give us a heads-up as to what we can expect once the IQD finally begins open trade on the world's currency markets.

And, there's also many other good links at the site as well.

May even want to save it to your favorites ...?...

Good luck,

Bill1

-- September 21, 2005 8:32 AM ∞

skimanvann wrote:

Bill1,

Thanks for the schooling on fixed versuses floating.

If the IQD pegs....I like the fact all banks will need to hold IQD reserves which will create a big demand for the IQD. I have a boat load of 25,000 notes. Hope to unload at a decent peg.

Do you all believe we might see a peg following the Iraqi Constitution being ratified or at least some movement in the exchange rate?

ski

-- September 21, 2005 10:12 AM ∞

Anonymous wrote:

Hi All
This is my first post in awhile.I believe we just have to wait awhile longer.The NID will make a jump,how much I do not know,but it will hapen.
Hey nid train gang,are you still there.good luck to all and Iraq.Ron

-- September 21, 2005 11:53 AM ∞

Mega_raptor1 wrote:

there is still no place you can find out how much money is backing the IQD, nor is there anything about how many dinars are currently in circulation. I know that if the government takes in say 35 dollars a barrel of oil, and are pumping full capacity of 2.5 million barrels a day it will still take about 11 1/2 days to make a billion dollars, what percent of that goes into the banks and what goes into private hands is not known, however the government and all contractors are corrupt and pulling needed money out of the populations hands. I tend to agree there may be trillions of dinars in circulation, and more being produced every day.

-- September 21, 2005 7:41 PM ∞

Michael wrote:

Mega-Raptor you have to educate yourself sir. Your behind in the power curve. Read!!

-- September 22, 2005 12:25 AM ∞

Bill1 wrote:

Ladies & Gentlemen,

I submit to you the following:

[A couple of good articles (politically based) concerning Iraq]

The first article is a warning by Suadi Arabia to the U.S..

And, the second is an overview of the current administration's failed attempt to sieze control of Iraq's Oil.

They're both very interesting, and have much to do with the future value of the IQD...

(the second article is a bit long, but well worth the time to read it)

http://www.dawn.com/2005/09/22/int4.htm

http://atimes.com/atimes/Middle_East/GI22Ak01.html

Tempers and stakes are now at their highest and "REAL / TRUE" leadership is required to avert this experiment in Iraq from becoming a national / international embarrassment to the U.S. - the kind that'll set us back 50 years in the realm of international politics.

I don't know about you, but my faith in our leaders to pull this out in the fourth quarter just isn't there.

God, I can only hope that I'm as wrong as wrong can be.

Good luck to us all,

Bill1

-- September 22, 2005 11:16 AM ∞

skimanvann wrote:

Michael,

Your insight into the NID value following the ratification of the new Iraqi constitution would be appreciated.

Forecasted values for
2006?
2007?

ski

-- September 22, 2005 4:55 PM ∞

Bill1 wrote:

Seems I'm being censored by the manager of this blog.

Twice now, I've submitted what I consider useful information - albeit, information of a mildly controversial nature, only to return later to see if its been posted, and for whatever reason it was not.

The information was directly tied to the situation in Iraq, the surrounding countries, international politics invloved in Iraq, etc, etc. All of which has everything to do with the present and future value of the IQD.

Jeeezzz Kevin - If I offended you just say so. You have my correct e-mail address.

Any other time I present some info its A-OK, but "say the wrong word" and I'm better off holding my breath than waiting for you to publish my post.

Doesn't matter though...

I'll still be a T&B-er until the fate of the IQD is finalized.

Good luck guys,

Bill1

-- September 22, 2005 8:56 PM ∞

Anonymous wrote:

Bill-1:

Your posts are good. Please keep them coming. You seem to know as much or more than anyone on the T&B at this time.

Kevin seems to be a reasonable man and I can't believe that you posted something so vile that he had to reject it. Come on Kevin, we need Bill's input.

I have analyzed what is being posted for many months and those who do all the research make good reading but they don't know anymore about the pegging of the Dinar than I do. I believe the T&B should be open for everyone to vent their philosophies, ideas, hopes, dreams, dissappointments and aspirations. So lets talk about those things and when you get a tidbit of genuine information on the Dinar, post that also.

The T&B has been a great source of entertainment for me and I welcome anyone's comments so don't think you have to be an Economics Professor to make your post.

-- September 22, 2005 11:41 PM ∞

Bill1 wrote:

Thank you Anonymous - I appreciate your positive comments.

Here are two more atricles:

http://www.scoop.co.nz/stories/WO0509/S00484.htm

http://www.export.gov/iraq/

The first one is a positive article on countering the terrorist efforts to stop citizen participation in the upcoming constitution referendum.

And the second, is a web page/link I believe many of us have surfed before, but it's the .PDF file in the lower left-hand corner of the page entitled "Iraq National Development Strategy" that's most interesting.

It's this document - put together in Iraq by the current Interim Administration - that gives us many clues as to "THEIR" plan for the Iraqi Dinar.

And, its not what we want to hear -- not in the short-term anyway.

It seems the IQD is programmed to stay around 1450/1500 IQD:1 USD over the next several years.

Read the article - it's 73 pages. But, 99.9% of all you ever wanted to know about what's going to happen with the IQD is pretty much answered in the 73 pages.

If it doesn't spell it out up front, then it says it in a way that doesn't take a Rocket Scientist to put the pieces together.

The current Iraqi Economic Plan is one of "Stability" ...to help aid in the investment of the reconstruction effort/s taking place in Iraq.

(In thier words)... They see the IQD on the open market fluctuating far too much, and feel that fluctuation will only hurt their economy overall [as if they don't have enough to deal with] and simply refuse to allow that to take place.

So far they've planned this out to 2007. What happens after that with the new elected administration in December is anyone's guess.

With that said, I believe the IQD will peg within the next year -- if not sooner. But, we may be looking at 5, 7, or even 10 years down the road to cash in these IQD Lottery Tickets and make any REAL profit from this investment.

Just my view based on the info they've put out.

Best of luck to all,

Bill1

-- September 26, 2005 12:34 PM ∞

Ian wrote:

Bill1 and all,

Just a quick note from one of the bloggers here at T&B:

Kevin has his own editorial policy that I believe is extremely open in its view of acceptible content. My points here are not to change or supercede those. He is, of course, free to change anything he sees fit. As to the charge of "censorship", I would vehemently deny any such interference.

Indeed, it may well be me that has -- inadvertantly -- silenced a few of your points. If this is the case, let me assure you that it is solely due to errors in comment policing. In an attempt to keep up with the tremendous amount of comment spam that the site collects, I may have included your comments when I should not have. This most likely occured due to a mistaken "click", as the system for eliminating comments or indicating them as "junk" works on a point-and-click basis. I may well have been too eager in my attempt to exorcise the posts from people advertising various forms of adult subjects, online medical solicitation, and more. If that is the case, then I truly apologize for erasing your efforts. That T&B is a regular source of information and conversation is of great pride to those of us who contribute. I'd hate to have people avoid returning because of perceived "censorship" on the part of the moderators.

That said, Kevin is the ultimate arbiter of what stays and what goes. While I highly doubt it, he may have eliminated comments here out of some fit of pique concerning various misuses of semi-colons. Or whatever.

Again, if you've been wrongly caught in my zealous attempt to help keep T&B from drowning in prescription ads, my apologies. I will be even more diligent in the future.

If you have questions, issues, or suggestions, feel free to contact me at "ian-at-theurlforthissite-dot-com".

-Ian

-- September 26, 2005 3:06 PM ∞

Kevin Brancato wrote:

Ian,

Thanks for alerting me (via email) to the situation.

Bill,

My sincere apologies.

I had no idea that your posts were being rejected. They've been sitting in a junk folder for days now, because of an AUTOMATIC rule (not my judgment!!!), that any comment with a certain number of links automatically gets sent do junk.

Since I was receving ~3000 SPAM emails daily, I could no longer have each comment emailed to me, and I was forced to use automatic rules to vet comments.

I have gone into the database and made sure the "junked" comments are now published.

If this happens in the future, please email me.

Also note that, due to medical, work, and personal issues, I've been cutting back my blogging at T&B, including checking up on you guys, which is why I didn't get to this earlier.

P.S. There are also other rules that can force "moderation" of a comment, like using specific words. Each comment is "scored" automatically, and sometimes the scoring is very, very wrong. Again, my apologies.

-- September 26, 2005 3:28 PM ∞

Bill1 wrote:

Hey Guys,

Sorry for the knee-jerk reaction and the censorship comment.

I was just really anxious to have those posts posted.

[thought they'd generate some good feedback here on the site]

But, no harm / no foul...

Ian and Kevin,

Thanks for explaining what's going on. And, I hope your troubles aren't as troubling as they sound Kevin.

Thanks again for this forum,

Bill1

-- September 26, 2005 9:26 PM ∞

Bill1 wrote:

Several days without a new posting...

"H-E-L-L-O, is anyone out there?????"

OK, I told you guys before, when you were asking for Carl & Sara to come back to the blog, that they had run off with Robert to create their own site - mainly because they were tired of all the negative rhetoric that used to take place here at the T&B.

So, since we all love an entertaining rumor / perspective, here's one to chew on:

http://dinar.forumwise.com/dinar-thread5.html

It's Sara recently replying to a guy named Bill (not me) on their new site / blog who's asking about any new IQD pegging info. Carl has a reply just below Sara's too. From his reply he's still true to form.

Read it.

Once again, it's a rumor speaking of the leverage the Bush and Blair Administrations have over the Iraqis by withholding the IQD's "peg", to - of course - get them to do what "they" want them to do.

Sounds fairly accurate, and even feasible too.

That being the case, don't be suprised if the IQD does peg soon, in an effort to counter growing support for the escolating insurgency.

Again, depending on the actual situation on the ground in Iraq, the IQD finally opening on the Forex (at a fair exchange rate) would be a huge blow to the insurgents.

Heck; under those circumstances, common / everyday Iraqis might become so overjoyed [mainly due to the fact that now they can finally see some light at the end of their seemingly hopeless tunnel] that they might suddenly rise up and begin stoning every last insurgent right where they stand. Meanwhile, President GWB and Prime Minister TB chuckle uncontrolably as they gaze out of their office windows.

Call it, "The Last Laugh Syndrome".

Putting extra money in the people's pockets has always had a way of quieting the masses, and turning their frowns upside down.

Stranger things have happened...

But in real-time, just another observation to help pass the time.

Good Luck to us all,

Bill1

-- September 29, 2005 8:29 AM ∞

RON wrote:

Hello all,just a line to let all know that I am still here.
Bill thank you for the input,I believe the same way in sort.The NID will peg,and that is what we are waiting for."IT IS ALL UPHILL FROM THERE."
Good luck to all and Iraq.RON

-- September 29, 2005 11:42 AM ∞

johnnyhavedinar wrote:

Bill and if the insurgency has bought many millions or billions of dinar like personnel on this board what does that do for thier cause. Just asking a quention.

-- September 29, 2005 1:32 PM ∞

Bill1 wrote:

JHD,

I don't put much of anything past the Insurgency CEO's.

If they bought the new IQD in an effort to hedge their bet on whether, or not, the democratic reconstruction of Iraq will succeed, then they're much, much smarter (and shrewder) than anyone really gives them credit for.

Pretty much the bottom line is IQD, or no IQD, the insurgents will find funding from one source or another.

Heck, they just recently knocked off an armored car in Iraq and made off with all the dinar it was carrying.

Does that give us a clue that they may be hurting for money to fund their efforts...???... I know many bank accounts funding terrorism around the world have been frozen or confiscated.

They may be intelligent to an extent, but ultimately they merely end up being the muscle for the silent partners funding their efforts.

In other words, they're being used to fulfill someone else's agenda, and not this altruistic religious nonsense they preach. They do all the fighting and bleeding while their benefactors reap the rewards of their carnage.

Not too bright in my book. But, then again, how can you blame them when it's all they've ever been made to know.

I truly pitty their miserable existence.

JMO

Best of luck,

Bill1

-- September 29, 2005 3:07 PM ∞

Bill1 wrote:

Just a little something to help generate some dialog here...

When thinking of a possible fair peg for the IQD, I try and look at the currencies of countries I consider somewhat comparative to Iraq. ...operative word "somewhat"...

Since there is no country exactly like Iraq [as it exists today] I think Thailand and it's "Baht" may be a good example.

For argument's sake I'll use the exchange rate of the Baht to the USD from back in 2002. It was roughly 78 Baht to the U.S. Dollar.

Of course this is not an exact science. But, considering the natural resources of Thailand (w/ their "stable" government), and knowing that Iraq's natural resources are vastly greater than Thailand (but, currently w/out a "stable" government) I think evens out the playing field to some degree - at least for this comparison.

So, at an exchange rate of 78 IQD:1 USD that would equate to $12,820.00 per 1 mil IQD. Depending on how much you initially paid for your IQD, that's roughly a 14.78% increase in profit!

Of course, as time goes by the potential for greater profits being made from the IQD still remain. But, at least under the scenario I offer above, the IQD and the Iraqi people, are off to a pretty good start.

We can only keep our fingers crossed.

Best of luck,

Bill1

P.S. I still see President Bush and Tony Blair playing their last remaining trump card of pulling strings behind the scenes to lift the current ban of open trading of the IQD on the Forex sometime between now and the December elections.

This is a key and critical component in the effort to counter the terrorist insurgency in Iraq, which is why I believe they're being overly cautious about lifting the ban. In their estimation, I'm sure they probably feel the timing of lifting the ban has to be absolutely "just right". In a way, almost as if they were laying a trap for them to stumble into.

JMT (Just My Thoughts)

-- October 2, 2005 11:00 AM ∞

outlaw in Iraq wrote:

Bill1,

Just an observation about your last post.... I believe that $12,820.00 USD per million is a heck of a lot more than 14.78% profit on your investment.

If someone purchased a million IQD for $800.00 and it cashed out at $1600.00 then that would be a 100% profit..... right?

Outlaw in Iraq

-- October 2, 2005 3:38 PM ∞

BOB wrote:

BOB WROTE:

The T&B is by far superior to any site that I have visited so lets crank it back up and get it back to the level when Carl and Sara were taking most of the heat.

Security is the key to everything. All other things are in place to make Iraq successful and the dinar profitable. This is a venture which we all knew was a gamble, but I still think the dinar is a good gamble and I intend to pursue it until someone tells me that the dinar is worthless.

I pledge to stay with the T&B as long as it is in existence and many of you may not be scholers in dinar pegging but stay with the T&B and post your comments and some of the heavy hitters will return soon.

Keep the faith. The dinar is a good investment and will be worth the wait even if it takes another three or four years to materialize.

BOB

-- October 2, 2005 10:53 PM ∞

Bill1 wrote:

Thanks Outlaw - Way to keep me honest!

Your math is "right", and mine is ..."not" right. ;^)

The correct answer ladies & gentlemen is ...(drum-roll please)... 1,478% profit.

(Actually its a fraction more - somewhere between 1478 and 1479)

Just an example to pass the time.

...and I echo your thoughts too BoB.

Really, we've war-gamed this thing about as much as we can. And, now I believe we're simply in a holding pattern simply waiting to see what happens next.

By the way, the heavy hitters - Sara & Carl - they don't even post as much info, as they once did here at the T&B, at their new site either. IMO, everyone's tired and pretty much "spent".

I'm no Sara or Carl, but I'll keep trying to post relavent info as I come across it. Hopefully others will do likewise.

Bill1

-- October 2, 2005 11:23 PM ∞

BOB wrote:

Bill-1: You are doing great, keep those informative posts coming. Your contribution to the T&B is significant.

I know some of you are feeling pretty smug by withholding your posts and watching the T&B wither away, but when it is gone, where do you go to have any dialog about the dinar? I have looked hard and have found nothing that has the format of the T&B.

Sara, we need you. The T&B has not been the same since you left.

Carl, you were the MC and now we are without a leader. What do you think Mel Bailey or Ed Orange would think of you for abandoning ship as you have.

I check the T&B faithfully every night and have grown to care for all of you who post as you seem like friends from all the exchanges that we have had.

We have something good here, so lets all put forth an effort to return T&B back to its Glory days.

BOB

-- October 3, 2005 11:02 PM ∞

smcquiller wrote:

Hello everyone, my first post. I have been watching the dinar also and do hope for an announcement any day now regarding the office peg information. I have been on other forums and I am just looking for information. Wish I had something to offer, but as soon as I hear anything, whatever positive note I can bring, I will post it here. Take care and happy dinaring.

-- October 4, 2005 8:51 AM ∞

Femme wrote:

My thinking is when unated state are going to pump the contract OIL that is the time.
When the Iraqi dinar is going to rise up.
maby 10 cent per year.

-- October 4, 2005 12:19 PM ∞

ex-ssg wrote:

I had purchased some IQD in late 2004 and had pretty much forgotten about them until recently. I had "lived" in Iraq for a year and made a relatively small investment while I was there. At the time, I had heard great things about how the value was going to blow up and know many people who made very substantial contributions into IQD.

I guess the reason I shied away from investing a large amount of money was the sheer availability of the IQD in Iraq. Almost every Iraqi I asked (if they spoke English) could sell me $100 USD worth of IQD on the spot, and if requested, they could be back the next day with much more. I wondered how ordinary Iraqi citizens (who would be among the poorest in our nation if they lived in the US) could easily gain access to what is supposed to be worth hundreds or thousands of USD day after day. Since all of us were positive these were authentic bills, either the Iraqis we were dealing with were playing with a much better than the 1400:1 exchange rate they gave to us, or the IQD were everywhere and hence worthless.

Maybe I’m just unsure of the exact circumstances of the money distributions to Iraqis. I am still hoping to make a little bit of money off of this, but if I lose it all, it won’t affect me a bit.

-Just my thoughts on this gamble. Good luck to all of you, and thank you for the insight and info!

-- October 4, 2005 12:32 PM ∞

SNAFU wrote:

Am I stupid?....
I don't know if this is good or bad.
http://www.cnn.com/2005/WORLD/meast/10/05/iraq.constitution.ap/index.html

-- October 5, 2005 7:11 AM ∞

SNAFU wrote:

I see, now. It's a good thing. Thanks for the help!

-- October 5, 2005 10:45 AM ∞

Moe wrote:

Is it likely that the new IQD could be withdrawn and replaced due to a devalueisation from all this international buying frenzy?

-- October 5, 2005 3:24 PM ∞

Ruth wrote:

No, SNAFU you don't seem to be stupid...;-) I do have a question though that might be, I don't know what to think about it and haven't heard or seen too much of anything on any of the other forums.

There are two Banks now selling the Dinar, one is
Compass Bank is a subsidiary of Compass Bancshares, Inc., a Southwestern financial holding company with $24.3 billion in assets and 355 full-service banking offices in Alabama, Arizona, Colorado, Florida, New Mexico and Texas.

I have confirmed that they are selling, they do not keep Dinars in stock but will order for you. You do need to have an account with them. Reasonable.

The other Bank is in Canada.

Bank of Nova Scotia (Scotiabank)The Canadian bank will also buy them back, but I don't know for what kind of a fee.

The Compass Bank is selling 1 million for $855.00 and the Canadian for $1,000.00 per million. As the Canadian dollar is only worth .85¢ to the US dollar that would be $855.00.

Their sell price is not really the issue, my question is, and this is where I MIGHT be the stupid one, WHY would any Bank be selling the Dinars right now? They certainly have other ways of acquiring funds without the small amount they are making.

Does anyone have any ideas? or think this might mean something? and if so, WHAT?

Thank you in advance for any comments or thoughts on this.

Ruth

-- October 5, 2005 5:00 PM ∞

James wrote:

I can add a third one to your list of banks, Exchange bank in Milledgeville ,Ga will also order them for you Ive been getting my Dinar from them since March of this year.

-- October 6, 2005 2:52 AM ∞

Michael wrote:

I personally do not think that US banks would be buying as well as selling IRAQ DINAR if something was not on the horizon. This is just my opinion as I realize that banks are trying to make money like everyone else is. I just think it is going to be a legitament currency very soon. good luck!! :)

-- October 6, 2005 4:20 AM ∞

SNAFU wrote:

I agree with Michael. I think the banks that are dealing with the dinar (making X% off $850) are exercising good PR. When it does go, those same people will go straight back to them (and the bank will make x% off 1,000,000). I am willing to drive 14 hours to Canada to exchange my Dinar, instead of waiting for the bank of Mayberry to get there act together to exchange.
LETS GO CAPS!!!

-- October 6, 2005 6:34 AM ∞

Shajee wrote:

Hi Every Body

I think now is time for every body to sleep over on New Iraqi Dinar issue for the next 7 to 10 years no point discussing at this stage, every investment can turn out be good or bad, who knows it is all speculation.

Now is the turn for Irani Rial fourth currency to be replaced after Kuwait, Afghanistan and Iraq.

Iraq kept on saying I do not have WMD => USA kept on saying Iraq has WMD
Nothing was found

Iran is saying I do not have Nuclear facility => USA saying you have Nuclear

Now wait and see next what is True and False :=>???????

Iran is also an Oil Producing Country. Why not buy Irani Riyal it is also at the bottom very much below New Iraqi Dinar levels.

Rgds/Shajee

-- October 6, 2005 2:29 PM ∞

Ruth wrote:

Michael and SNAFU, That's pretty much exactly what I am thinking. Hoping the Banks know something we don't. I have a good feeling about hearing from James that there is yet another Bank in GA selling.

There's no other reason any of these would be selling if they did not anticipate a higher profit on their exchange back Dinars.

I am about 3 hours drive from Canada in Washington State, something I hadn't thought about driving to there until you mentioned it SNAFU, thanks for that idea. It sure beats the "h" out of driving to Iraq!

There is some talk and news about pegging the Dinar to the Euro, but I don't believe with all we have invested in Iraq that the US would allow that to happen, or to peg to "a basket" of currencies. The latter, even if it is pegged to a basket, at least it would be pegged which is what we are waiting for.

Ruth

-- October 6, 2005 3:16 PM ∞

Ruth wrote:

to SNAFU: I thought of something. If we do take the Dinar to Canada, they will give us Canadian money, not US, that will be 85¢ on the dollar. Plus they will charge a Bank fee for the exchange from foreign to Canadain. Upon return to the US we will have to change them to US Dollars which will be another fee. First lose 15¢ on the dollar, then changing the Canadian dollar to US Dollars at a bank here will be another bank fee. So that might not be a good idea after all.

Compass Bank here in the US has already said they will buy them back. They have branches in Alabama, Arizona, Colorado, Florida, New Mexico and Texas. It might be a better idea to drive to one of those states.

By the time it gets to that though I would imagine most of our local banks will exchange them anyway, so all this worry about going to Canada may be all for not.

But if all else fails, I will drive to Arizona, keep going for awhile and MEET YOU IN VEGAS! As I am an old woman, I will probably have a stroke becoming a multi-millionaire overnight and will need someone to push me around in my wheelchair.

My sister-in-law lives in Phoenix and went into a Compass Bank today. They verified also to her that they do sell the Dinar there.

GO DINARS! Good plan, but first lets try getting our troops out of there. When I pray, I pray for them and their families first.

Gramma Ruth

-- October 7, 2005 12:11 AM ∞

Jimmy P wrote:

Iraqi Constitutional Question:
For any of you folks on the ground in Iraq, Kuwait etc., could you give us an idea what the overall mood with the people of Iraq concerning the upcoming constitutional vote seems to be? Positive/negative?
Thanks

-- October 7, 2005 4:15 AM ∞

SNAFU wrote:

Gamma Ruth, Vegas sounds fine to me!!! I sure would like to find a phone number and person to talk to at 1 of these banks. I would like to ask them IF (I don't think it will) the money gets reprinted and there is an exchange only in Iraq, will the bank exchange dinar for new dinar? If so I would feel very atease
LETS GO CAPS!!!

-- October 7, 2005 10:35 AM ∞

skimanvann wrote:

Jimmy,

Read this article....good overview on Iraqi business climate and political atmosphere.

ski

Iraqi business leaders remain decidedly optimistic about the growth of the Iraqi economy as well as the growth of their own businesses, according to a poll released today by the Center for International Private Enterprise (CIPE). The survey reveals that 77 percent of Iraqi businesses anticipate growth in the national economy over the next two years and 69 percent of respondents describe themselves as being "optimistic" about Iraq’s general economic future.
"Business confidence in Iraq is being driven by a sense of opportunity," John Sullivan, CIPE’s executive director, said. "The Iraqi economy has been rebounding, and private businesses see many opportunities to grow their firms. A significant number of businesses are reporting plans to hire more employees and to invest in order to build on this sense of economic progress and growth."

The poll, conducted by Zogby International, included interviews with more than 600 Iraqi business owners and managers in five cities: Baghdad, Hilla, Basra, Arbil and Kirkuk. CIPE and Zogby produced a similar Iraqi business poll released in December 2004. Both polls are available on CIPE’s website.

In the realm of Iraqi employment, 63 percent of the Iraqi businesses surveyed employed women, which represents almost a 50 percent increase over the previous poll. In each of the cities of Baghdad, Hilla, and Arbil, women were employed by at least 60 percent of the businesses polled. While more than half of the firms polled in either Basra or Kirkuk did not employ women, at least 40 percent of the firms did.

Fifty-four percent of Iraqi businesses expect increased sales in the next six months and 38 percent are expecting employment to rise. Similarly, 45 percent of Iraqi businesses believe their profits will grow during this same period. By contrast, only a handful of Iraqi businesses expect to see a decline either in sales, employment or profits. The remaining Iraqi businesses are expecting no change in these areas.

Also according to the poll, Iraqi business leaders' confidence in Iraq's political leadership has increased. Sixty percent of respondents were optimistic regarding Iraq’s political future, whereas only 9 percent held a pessimistic view and 25 percent professed themselves as "neutral." When asked if they agreed or disagreed that the election of the government earlier this year would result in long-term stability in Iraq, 71 percent of respondents stated that they agreed, with 27 percent strongly agreeing and 44 percent agreeing somewhat. Kirkuk was the lone exception with 55 percent responding that they somewhat disagreed and 7 percent that they strongly disagreed. In each of the other cities sampled the responses for "strongly agree" and "somewhat agree" totaled over 70 percent.

Security takes priority in the business community. When asked what single action the government could take to help them, 33 percent of respondents wanted better security, with Baghdad business leaders rating the highest at 45 percent. The effective enforcement of laws and regulations, combating corruption, and better education and training -– particularly in the areas of computers and English language -– also ranked as high priorities for the Iraqi business community.

"One of the survey’s key findings is that firms are seeing progress and this progress is building greater confidence. Nevertheless, Iraqi businesses want this new government to do a better job of providing a secure environment in which to live and conduct business as well as enforcing laws and regulations and fighting corruption," Sullivan said.

"Business people around the world, and Iraq is no exception, want a sense of political stability. The optimism displayed by Iraqi businesses is being driven both by their sense of opportunity and the belief that a stable governmental structure is going to emerge."

CIPE is a non-profit affiliate of the U.S. Chamber of Commerce and one of the four core institutes of the National Endowment for Democracy. CIPE has supported more than 800 local initiatives in over 90 developing countries, involving the private sector in policy advocacy and institutional reform, improving governance and building understanding of market-based democratic systems.

-- October 7, 2005 11:47 AM ∞

Anonymous wrote:

SNAFU, Here are the phone numbers for Compass Bank. And the email I got from my sister-in-law. They must have a seperate Currency Dept from the sounds of her mail.

1-800-239-4357
Customer Service

1-800-822-5127
Arizona Customer Service

1-800-273-1057
CompassPC
and MyCompass
Customer Service

1-800-239-1930
CompassWeb Brokerage Customer Service for online trading

Copied from email>There's a Compass bank less than a mile from me in the
Albertson's store where I shop. I'm there everyday. I asked them today if
its true that a person can buy Dinar's through them and the gal called their
Currency Dept. and yes its true.

-- October 7, 2005 1:50 PM ∞

skimanvann wrote:

Compass Bank's exchange rate is .0005768 which is abit high but convenient. They are not currently buying Iraqi Dinars. I believe they will.

When the Iraqi constitution is ratfied we should see the Dinar peg later this year.

ski

-- October 7, 2005 3:49 PM ∞

michael wrote:

Thursday October 13th is later this year right??? :)

-- October 10, 2005 11:14 AM ∞

Anonymous wrote:

Hi all
Just got back from a week in the mountains,and have read alot of good posts here.I hope all of you will keep up the good work."still on the NID train".Good luck to all and Iraq.Ron

-- October 10, 2005 12:50 PM ∞

Outlaw in Iraq wrote:

HEY GANG....I CONSIDER THIS SOME OF THE BEST INFORMATION ABOUT THE DINAR THAT I HAVE HEARD IN A FEW MONTHS...COMMENTS???

Iraq Stock Exchange as a new member in the Federation 0f Euro – Asian Exchanges (FEAS)

The Iraq stock exchange participated in delegation including: The Board of Governors chairman Dr. Talib Abbas Mohammed Mahdi Al-Tabatibaie, the chief Executive Officer Mr. Taha Ahmed Abdul Salam and the member dealers represented Mr. Naw Shirwan Kamal Azmi Baban and the listed companies represented Mr. Mirza Mjed in the eleventh General Assembly meeting of the Federation of Euro – Asian Exchanges in Iranian Shiraz country from 15 to 19/September/2005.

Federation residency:

Istanbul – Turkey.

Federation Members:

The Federation member's numbers are (27) which are represented the capital markets in the following countries:

Turkey, Iran, Abu Dhabi, Oman, Masqat, Cairo & Iskandariya, Palestine, Armenia, Bako, Belgrade, Macedonia, Ukraine, Bucharest, Georgia, Karachi, Sarajevo, Kazakhstan, Lahore, Moldavia, Azerbaijan, Qarkizia, Mongolia, Tashkent, Tirana, Bangaloka, Turkistan.

New members accepted:

The Iraq stock exchange, Bahrain stock exchange and Monty Negro demanded for joining the Federation after completed all the registration requirements and conditions.

The executive manager's council submitted its recommendations to the GA to looking for these requests and approving the joining of the above capital markets, the GA negotiated these recommendations and approved the joining of these markets and there participation in this congress throw the voting as consider them as a permanent members from 17/09/2005.

For more information about the union establishments, aims, the acting committee and the last congress recommendations you can follow up this website: http://www.feas.org

The official invitation has been sent to the Iraq stock exchange to participate in the congress after completed all the registration requirements which have been started carrying out from May/ 2005, the ISX is working to complete the registration conditions and joining to the Federation of world Exchanges to benefit from its experience and the training circles. And before that, the ISX should complete all the registration requirements in Federation of Arabic Exchanges.

Taha Ahmed Abdul Salam

Chief Executive Officer

Iraq Stock Exchange

21/Sep/2005

-- October 10, 2005 2:21 PM ∞

skimanvann wrote:

Michael,

It will be interesting to see how the Iqaqi will vote on their new constitution. If it wins we should see some movement the Dinar. The atmosphere in Iraq is positive toward despite the terror attacks. Hopefully we will see less of the bombings and more good news on the Iraqi people making history. Once momentum picks up towards the democracy, I believe the terrorists will be quickly identified and removed physically or killed.

ski

-- October 10, 2005 3:46 PM ∞

michael wrote:

There are a lot of good things happening in IRAQ every single day. You just don't see it on your televisions because what sells is death and destruction. It really is a shame though because so many good people are doing everything they can for IRAQ. Good things are on the horizon. IRAQ will pass the referendum on the 15th and things will begin to change dramatically. God Bless, Michael :)

-- October 11, 2005 12:48 AM ∞

Calvin wrote:

Has anyone heard about dinar pegging @ 1 dinar/$1.21????

-- October 11, 2005 4:29 PM ∞

ELVIS wrote:

I called all 4 numbers at compass bank and spoke to someone on each line ,they all said they did not sell Iraqi dinars.I spoke to different customer service reps, and currency dept. ELVIS If someone did speak to someone lets have a phone number and name and city.I will order more millions of Dinars, I think it is still a good investment.

-- October 11, 2005 4:49 PM ∞

Anonymous wrote:

Dear Elvis, That is really strange that you were told they, Compass Bank, was NOT selling. Not only has my sister in law in Scottsdale Arizona verified this in person at the Compass Bank there, I have copied the email I received from them and posted it here.

If you go to their site and email through their "Contact us", I'm sure you will get the same answer.

>Dear Ruth,
Yes, Compass Bank is buying and selling the Iraqi Dinars. You must be an account holder of Compass Bank to buy foreign currency. We sell 1 million dinar's at the rate of .0008258, which would cost you $825.80 plus
$10.00 our courier fee. We do not keep any foreign currency in stock.

You can also contact us by phone at 1-800-COMPASS.

Compass Bank http://www.compassweb.com/
Kathy

By her comment about "buying" Dinar I think she meant, but did not explain, that they are buying them to resell to the public (their customers), not actually buying FROM their customers.

On their Website they show a map of where all their branches are.

Will be interested in hearing back from you their response.

-- October 12, 2005 2:36 AM ∞

Calvin wrote:

BAGHDAD, Iraq — Iraqi negotiators reached a breakthrough deal on the constitution Tuesday and at least one Sunni Arab party said it would now urge its followers to approve the charter in this weekend's referendum.

Under the deal, the two sides agreed that a commission would be set up to consider amendments to the charter that would then be put to a vote in parliament and then submitted to a new referendum next year.

The agreement would allow the Sunnis to try to amend the constitution to reduce the autonomous powers that Shiites and Kurds would have under the federal system created by the charter, negotiators said.

It boosts the chances for a constitution that Shiite and Kurdish leaders support and the United States has been eager to see approved in Saturday's vote to avert months more of political turmoil, delaying plans to start a withdrawal of U.S. forces.

U.S. officials have pushed the three days of negotiations between Shiite and Kurdish leaders in the government and Sunni Arab officials, that concluded with marathon talks at the house of President Jalal Talabani late Tuesday.

A top Sunni negotiator, Ayad al-Samarraie (search) of the Iraqi Islamic Party (search), said the measure would allow it to "stop the campaign rejecting the constitution and we will call on Sunni Arabs to vote yes." It was unclear if parliament would take a formal vote on the new deal with some lawmakers saying that measure may be read to the National Assembly on Wednesday.

Some other major Sunni parties were not present at the negotiations and it was not clear if they too would be willing to reverse their "no" campaigns.

The Sunni-led insurgents have demanded a boycott of the election and threatened those who would vote.

The announcement was the first break in the ranks of Sunni Arab leaders, who have been campaigning hard to defeat the constitution at the polls.

Ali al-Dabagh (search), a Shiite negotiator, said the sides agreed on four additions to the constitution that will be voted on Saturday that will allow for future amendments.

The central addition allows the next parliament, which will be formed in Dec. 15 elections, to form the commission that will have four months to consider changes to the constitution (search). The changes would be approved by the entire parliament, then a referendum would be held two months later.

Sunni Arabs are hoping to have a stronger representation in the next parliament and want to make major amendments to the constitution, particularly to water down the provisions for federalism, which Shiites and Kurds strongly support.

The other additions include a statement stressing Iraqi unity and another states that the Arabic language should be used in the Kurdistan region, along with Kurdish — issues important to the Sunni Arabs. The fourth underlines that former members of Saddam Hussein's ousted, Sunni-led Baath Party will only be prosecuted if they committed crimes.

Some moderate Sunni leaders once had positions in the Baath Party (search) and fear being barred from politics by the De-Baathification process outlined in the constitution.

"The leaders of the political blocs have approved these additions and amendments and tomorrow they will be announced (read) to the national assembly," al-Dabagh said.

-- October 12, 2005 2:39 AM ∞

Calvin wrote:

That sounds GREAT!!

-- October 12, 2005 2:40 AM ∞

skimanvann wrote:

No peg at $1.21 US...

Ifthe initial peg is for a $.01 we will be fortunate. The oil production is slipping and that will not help our casue. Oil output must increase if we are to see any growth in the IQD....

comments?

ski

ski

-- October 12, 2005 12:35 PM ∞

Anonymous, jr. wrote:

Iraq is starting to pump more oil, not less.

Posted: Sat Oct 08, 2005 10:13 am Post subject: Iraq is pumping a lot of oil
http://www.dinar.forumwise.com/dinar-thread45.html
--------------------------------------------------------------------------------

Iraq aims for October oil exports of 55 million barrels

Last Update: 6:11 AM ET Oct. 3, 2005
http://www.marketwatch.com/news/archivedStory.asp?archive=true&dist=ArchiveSplash&siteid=mktw&guid=%7B3B2639F6%2DE03F%2D4588%2DB401%2D16B59DA427DE%7D&returnURL=%2Fnews%2Fstory%2Easp%3Fguid%3D%7B3B2639F6%2DE03F%2D4588%2DB401%2D16B59DA427DE%7D%26siteid%3Dmktw%26dist%3D%26archive%3Dtrue%26param%3Darchive%26garden%3D%26minisite%3D

BAGHDAD (MarketWatch) -- Iraq is aiming to export 55 million barrels of crude oil in October, the equivalent of 1.77 million barrels a day, after September generated the highest monthly oil revenues since the U.S.-led war in 2003, an oil official said Monday.

Iraq's State Oil Marketing Organization, or SOMO, exported 47.68 million barrels in September from its southern and northern oil outlets, generating revenues of $2.63 billion. SOMO received $2.6 billion in August and $2.5 billion in July. ...

Also, I wanted to add that Compass Bank does NOT sell Iraqi dinar to its customers or anybody.

-- October 12, 2005 1:17 PM ∞

dinardingo wrote:

i have never posted on this forum before, but have been reading it since April of this year.....i'm sorry to disagree with you but i have personally PURCHASED dinar from Compass Bank....1,000,000 dinar at 0.00083, $836 plus an overnight fee of $10....this is NOT a rumor but FACT....

-- October 12, 2005 3:27 PM ∞

Anonymous wrote:

Hi all just a line to let you know that I called the 1-800-compass number for the bank and am very pleased to say that they do indeed help you purchase the NID. You must have an account with them.I live in calif.and must go to AR.to start one.Most of you know me here from away back with the NID train gang.Good luck to all and Iraq.RON

-- October 12, 2005 4:28 PM ∞

Calvin wrote:

I heard that the Dinar will pegged at what the Euro is worth? Has anyone heard about that??????

-- October 12, 2005 5:43 PM ∞

92mike wrote:

I just hope that this inf is completly wrong!! any thing to say about this?? :Even if the iraqi dinar gains value, (and it probably will), it will be demonetized and new currency will be issued. of course there will be another grace period for turn-ins, but being in the united states where will you exchange a heap of iraqi cash? and even if you do manage to exchange them, (at an extremely well-stocked airport kiosk?), your "old" iraqi dinars would be converted to the "new" ones- they won't keep their old values, and you won't be rich.

for example....does anybody ever go to mexico? try converting an older 1000-peso note at the current exchange rates. won't happen! don't be fooled. these new notes are nothing more than inflation notes. does anybody remember the million/billion/trillion-mark notes of germany before wwII? they're pretty much worthless.

if iraqi notes were truly going to make you money, do you really think that the thousands of currency dealers would be so over-eager to sell them? the majority of these bills are coming out of cash-strapped dealers in lebanon and jordan. think about it...

-- October 12, 2005 11:27 PM ∞

Michael wrote:

92 Mike you know not what you speak of Sir. The Dinar will revalue soon. There will be no change in currency. There will be lopping of zero's. Compass bank does currently buy as well as sell the IRAQ Dinar just like every bank on the planet will soon. Hang on ladies and gentleman and please keep you appendages inside the vehicle. Happy Groundhog Day!!

Peace

-- October 13, 2005 2:09 AM ∞

skimanvann wrote:

Guys,

An advertiser in the USA Today had a quarter page ad selling Iraqi Dinars and the reasons why to buy them.

Take a look!

ski

-- October 13, 2005 10:44 AM ∞

Shajee wrote:

92 Mike: Iraq has recently printed New Iraqi Dinar (NID)which replaced Old Saddam Dinar notes. Replacing of currency is a very expensive affair, nothing is wrong with the prevailing NID, only thing with NID is, it has high value denomination notes of 25,000, which do not matter, in case NID is revalued in future as you people predict,in that case 25K notes will go back to Central Bank of Iraq in exchange of lower denomination notes, other wise future of NID is unkown who knows it is all speculation.

regards/Shajee

-- October 13, 2005 2:57 PM ∞

Bill1 wrote:

Hey Guys,

Looks like the voting has already begun - and so far its all positive!!!

http://today.reuters.co.uk/news/newsArticle.aspx?type=worldNews&storyID=2005-10-13T181539Z_01_MCC339397_RTRUKOC_0_UK-IRAQ.xml

Once the constitution passes it'll be another nail in the insurgency's coffin, and the IQD will be one step closer to fulfilling it's promise.

Best of Luck,

Bill1

-- October 13, 2005 3:45 PM ∞

Shajee wrote:

92 Mike: Iraq has recently printed New Iraqi Dinar (NID)is a unified currency which replaced Old Saddam Dinar & Swiss Dinar notes. Replacing of currency every now and then is a very expensive affair, nothing is wrong with the prevailing NID, only thing with NID is, it has high value denomination notes of 25,000, which do not matter, in case NID is revalued in future as you people predict,in that case 25K notes will go back to Central Bank of Iraq in exchange of lower denomination notes,25K NID currency notes will continue to be a legal tender,well investors stuffing 25K NID currency notes need not worry, other wise future of NID is unkown who knows it is all speculation.

Rgds/Shajee

-- October 13, 2005 8:05 PM ∞

Outlaw in Iraq wrote:

DID YOU KNOW?...

Did you know?…”That 47 countries have re-established their Embassies in Iraq?"

Did you know?…”That the Iraqi Government employs 1.2 million Iraqi people?"

Did you know?…”That 3100 schools have been renovated, 364 schools are under rehabilitation, 263 schools are now under construction and 38 new schools have been built in Iraq?”

Did you know?…”That Iraq's higher Educational Infrastructure consists of 20 Universities, 46 Institutes or Colleges, and 4 Research Centers?”

Did you know?…”That 25 Iraq students departed for the United States in January 2004 for the re-established Fulbright Program?”

Did you know?…”That the Iraqi Navy is operational? They have (5) five 100-foot patrol craft, (34) thirty-four smaller vessels and a Naval Infantry Regiment?”

Did you know?…“That Iraq's Air Force consists of three Operation Squadrons?... Which includes (9) nine reconnaissance and (3) three US C-130 transport aircraft which operate day and night, and they will soon add (16) sixteen UH-1 Helicopters and (4) four Bell Jet Rangers?"

Did you know?…“That Iraq has a Counter-Terrorist Unit and a Commando Battalion?"

Did you know?… “That the Iraqi Police Service has over 55,000 fully trained and equipped police officers?"

Did you know?…“That there are 5 Police Academies in Iraq that produce over 3500 new officers each 8 weeks?"

Did you know?… “There are more than 1100 building projects going on in Iraq?They include 364 schools, 67 public clinics, 15 hospitals, 83 railroad stations, 22 oil facilities, 93 water treatment plants and 69 electrical generation plants?”

Did you know?…“That 96% of Iraqi children under the age of five have received the first two series of polio vaccinations?"

Did you know?…“That 4.3 million Iraqi children were enrolled in primary school by mid October?”

Did you know?… “That there are 1,192,000 cell phone subscribers in Iraq and phone use has gone up 158%?”

Did you know?...“That Iraq has an independent media that consists of 75 radio stations, 180 newspapers and 10 television stations?”

Did you know?...“That the Baghdad Stock Exchange opened in June of 2004 and that the Iraqi Economy is BOOMING?”

Did you know?...“That two candidates in the Iraqi Presidential Election had a televised debate recently?”

The lack of accentuating the positive in Iraq serves only one purpose...It undermines the world's perception of the United States and our soldiers.

I truly understand the dangerous situation going on outside the wire for the millions of Iraqi people here in Baghdad right now... the never ending car bombings, the mass killings, the kidnappings, the beheadings, the rape-murders, the arsons and the killings of dedicated teachers in front of their horrified students.

Every time this building shakes from the huge concussion of yet another never ending series of car bombs, I can't help but to get even more depressed thinking about the impending devastating news that is about to be delivered to the families of the newest casualties of this war. What is even more depressing is the fact that they just died because of selfishness and greed.

This is something that every one of us needs to think about if and when we come skipping and dancing out of the bank after cashing in our Dinar for a tremendous profit... the price has been paid by many... and it was extremely high.

Please remember your brave American and Coalition Brothers and Sisters (including the tens of thousands of Contractors) now by bowing your head and saying a small prayer for the many hero's who have died or been witness to horrible memories that they will carry for all of their life in the name of freedom for the Iraqi and Afghan People.

-- October 14, 2005 9:13 PM ∞

skimanvann wrote:

Outlaw,

Thanks for the humbling message! If in fact the Iraqi Dinar does go up I will pledge a sizable amount of the proceeds to help others.

ski

-- October 15, 2005 12:57 AM ∞

Jimmy P wrote:

Outlaw:
Outstanding list of "Did You Know" references!
Sadly, our adgenda driven media is guilty of not
sharing important points like you have illustrated.
Nothing that shines positive light onto President Bush
is allowed to surface.
It is clear to me and many others why the media eletes
are losing ground to Limbaugh, Hannity, FOX and others
that comprise the new media that shares real news!
Last night (Friday) the crawl at the bottom of the
FOX screen referred to the IMF taking a closer look at
the Iraqi Dinar.
Like most folks interacting on this blog, I too can
appreciate history unfolding before our very eyes.

-- October 15, 2005 9:21 PM ∞

bk wrote:

I am hearing rumora that the dinar is going to change once again, and will need to b e turned in by 1 Jan 2006. Has anyone else heard this?

-- October 16, 2005 3:12 AM ∞

Shajee wrote:

Attn. bk

No such rumour heard for change of Iraq currency again in Jan-2006,Iraq has recently printed New Iraqi Dinar (NID). NID is a unified currency which replaced Old Saddam Dinar & Swiss Dinar currency notes. It is no joke replacing of currency of a country every second day, change of currency notes is a very expensive affair, nothing is wrong with the prevailing NID, only thing with NID is, it has high value denomination currency notes of 25,000, which do not matter, in case NID is revalued (True or False) in future as you people predict,in that case 25K notes will go back to Central Bank of Iraq in exchange of lower denomination notes,25K NID currency notes will continue to be a legal tender,well investors hoarding 25K NID currency notes need not worry.

Kindly note Iraq is under the influence of the solar planet named Pluto, Pluto is called the planet of death, as soon influance of pluto goes life will return to normal in Iraq free of daily death casulties. A Hindu Guru Pandit will be in a better position to calculate, when influence of Pluto on land of Iraq will finally exit.

Shajee

-- October 16, 2005 6:23 AM ∞

Femme wrote:

Take it eazy friends,we all need just time.Everithink is going to be ok.Just little by little.
My thinking is,by 2007 is going to rise up just 10 cent.couse the unated state the goverment they just boght almoust all the moany in 2003 and 2004 and 05 by 2010 I think that usa is going to rise up the Iraqi dinnar 3$ to 1 IRD.
And with that moany they gona by the OIL wich is not gona cust nothing for USA.Maby 1 cent for 20 or ? more kg OIL.
That is a smart move for the USA.

-- October 16, 2005 7:57 PM ∞

ELVIS wrote:

outlaw in Iraq I like your comments,shajee, and skimanvann your comments are good to.I do not think that they are going to change the dinars again.Every week things are going to get better in IRAQ we just have to wait . you'll take care , and I'll be looking at your comments. ELVIS

-- October 16, 2005 8:26 PM ∞

Anonymous wrote:

Outlaw in Iraq I just read your post and did bowe my head at that very moment.GOD BLESS AND PROTECT ALL OF YOU BROTHERS AND SISTERS IN HARMS WAY.Good luck to all and Iraq.
Ron

-- October 16, 2005 11:22 PM ∞

Jim wrote:

Did anyone have success in opening a bank account in Iraq or Kuwait?

-- October 16, 2005 11:50 PM ∞

Jim wrote:

Did anyone have success in opening a bank account in Iraq ro Kuwait?

-- October 16, 2005 11:51 PM ∞

everyday visitor wrote:

A bank acount in Iraq or Kuwait - good question! I checked Kuwait 3 months ago and answer is NO - so far. But Iraq ...interesting.

-- October 17, 2005 1:27 AM ∞

Anthony R wrote:

I just thought about investing in the Dinar last night and decided to check into it today. Seems like all you read on the net is mixed reactions. I am considering buying 4 million Dinar for $3480 US. I would love to hear what some of you think of this investment. How long it would take to realize a decent return, of if you think there will even be a return on it.

Thanks

-- October 17, 2005 3:23 PM ∞

BOB wrote:

Anthony R.

If you can't afford to lose, then don't invest it. However, I believe that investing in the dinar is a risk worth taking. The possible return is enormous and the probability of there being a return is good, in my opinion.

If you have read my posts over the months, then you know that I think we were stupid for getting involved in Iraq, but sinse we are there, then lets succeed.

As I have said, Mr. Bush, whom I love dearly most of the time, took us into Iraq to avenge the promises of his Father to the Iraq people. He will bankrupt this country before he will allow the mission in Iraq to fail. So, put your money down and be prepared to wait a couple of years and you will reap a good return on your investment.

To my friends on this site, keep the faith as I see good things happening in Iraq and the end result will be a sizeable profit for all of you who have invested.

-- October 17, 2005 9:40 PM ∞

Anthony R wrote:

Has anyone used this dealer before? The original dealer I had in mind is out of stock, and I am now interested in this one since they accept credit cards.

http://www.why-buy-dinar.com/

thanks for any info
Anthony

-- October 18, 2005 8:13 AM ∞

Anthony R wrote:

well, I took the plunge since I got no feedback and went with that store. I ordered... 4 MILLION Dinar... that was my best Dr. Evil impression. Wish me well, lets hope we hit the lottery with this, cause it feels like we are playing.

-- October 19, 2005 8:44 AM ∞

1lt wrote:

Outlaw:
How are you doing? Still plan on sending you a copy of that video. We have been on a hectic schedule with the voting. My platoon go put in charge of a small town outside the base. On the second night we set up an ambush for a guy that has been mortaring our base. As my trucks were moving into position an IED struck one of my vehicles. Only by the grace of God no one was killed or injured. There were 2 130mm rounds buried on top of each other with a pressure switch to set them off. One truck rolled by and missed the switch but the second one wasnt as fortunate. Luckily only one of the rounds partially detonated sending shrapnel into the back of the truck disabling it. Once again we were lucky. So I tracked down a local Sheik and got intel on the guys that did it. I conducted a raid on the house and found the guy. In the house was a lot of anti American material, but not enough to bring him in. So reluctantly we had to let him go. The guy was only 19 years old with a new baby. I think we put enough scare into him to have him think twice about setting anymore up. Unfortunately unless you catch them in the act or with the materials, you cant do anything to them. A couple of nights later the unit we replaced was working a few miles north of my position hit an IED and one soldier lost his legs. This really makes you think about life. Now everytime Im driving down one of these roads I cant help but think at any moment my truck will explode. Not a very pleasant feeling, but we still have a job to do. Take Care

-- October 19, 2005 9:38 AM ∞

Bill1 wrote:

I hear'ya loud and clear 1lt.

My daughter's unit is scheduled to head to Iraq this coming January, and once I execute orders next Summer I believe my new unit will be heading that way too.

I don't mind standing and fighting an enemy toe-to-toe, but this cowardly roadside IED BS is the wildcard you don't want to have to deal with.

Heck, in Vietnam they would string piano wire across the roads where they knew our top-down/convertible Willis Jeeps would be traveling to try and behead our GIs as they drove through the wire.

Vehicle convoys have always been, and will always be, "targets of opportunity".

You guys and gals take care of one another, don't take any crap off anyone, and do your best to come home safe.

Semper Fi
Bill1

-- October 19, 2005 4:41 PM ∞

Cash wrote:

I have invested in some dinar. I would like to know if anyone has heard of when to expect any movement on the dinar. I personally do not see any immediate changes, at least a decade before any movement in the dinar......my opinion

-- October 21, 2005 1:54 PM ∞

Anthony R wrote:

if you expect at least a decade cash, then why did you invest in it?

I invested in 4 million dinar, and am hoping, not necessarily expecting, but hoping none the less for a good return within 6 months.

-- October 21, 2005 9:00 PM ∞

outlaw in Iraq wrote:

1lt,

Nice to hear from you...I hope that the good luck stays on your and your troopers side. I have been very busy the past few days and haven't been able to get to a computer or I would have written sooner.

I am looking forward to getting your video. I am really sad to hear about the trooper who lost his legs...I know God will help him cope with his situtation. If that happened to me I don't know how I would exist. I will pray for all of you. I have everyone over here in my thoughts every secod of the day.

Keep your head down and I will pray that God helps you make the right decisions that will lead you all home safe and sound.

Outlaw

-- October 22, 2005 11:36 AM ∞

Shajee wrote:

Hello

Every body comparing Iraqi Dinar with the Iraq neighbouring oil producing countries prevailing value of currencies, if Iraq currency would appreciate, any body to give a sound reason why not Iran and Venezulla also Oil Producing countries currency are lower then even Iraq currency, their currencies should also be at the levels of other Middle East Oil Producing countries Saudi Arabia Kuwait and others.
Any body can explain and give a reasonable answer ?

-- October 22, 2005 4:08 PM ∞

Anthony R wrote:

Shajee

I would say that the BILLIONS and BILLIONS of dollars the USA and other nations are now investing into Iraq to jump start thier ecomomy in addition to thier own natural resources might have something to do with that reasoning.

-- October 22, 2005 7:02 PM ∞

A.R.F.M wrote:

Shajee, I see your point but it is almost impossible to compare the situation in Iraq to any country. People on both sides of the preverbial coin argue that the dollar "has to" appreciate because of kuwait or has no real prospect because of Venezulla. I think the dinar is like wild cat oil drilling shaded towards the investor because like the latest post said, billions have been invested. If we (America) have already payed so much in taxes to improve Iraqi infrastructure it is not entirely unreasonable to expect something in return.

-- October 23, 2005 4:08 AM ∞

A.R.F.M wrote:

Shajee, I see your point but it is almost impossible to compare the situation in Iraq to any country. People on both sides of the preverbial coin argue that the dollar "has to" appreciate because of kuwait or has no real prospect because of Venezulla. I think the dinar is like wild cat oil drilling shaded towards the investor because like the latest post said, billions have been invested. If we (America) have already payed so much in taxes to improve Iraqi infrastructure it is not entirely unreasonable to expect something in return.

-- October 23, 2005 4:09 AM ∞

Shajee wrote:

Anthony R

Agree BILLIONS and BILLIONS of dollars the USA and other nations are now investing into Iraq to jump start thier ecomomy.

As for natural resources, Iran and Venezulla also have natural resource Oil reserves under their land, their currencies practically have no value, at the same time comparing with Lybia under UN Sanctions still has a sound currency, do Lybia has more Oil Reserve then Iran and Venezulla lying under their land.

Futher the Iraq currency is has a very low value for the reason in Saddam regeim excess quantities of currency notes were printed caused large scale inflation which depreciated Old Iraqi Dinar, now the inflation and depreciated value of Old Iraqi Dinar has been brought forward in New Iraqi Dinar, as Old trillion notes in circulation has been equally replaced by New trillion notes, today in circulation, hence, New Iraqi Dinar stands where Old Iraqi Dinar was before replacement.

Rgds/Shajee

-- October 23, 2005 10:04 AM ∞

Anthony R wrote:

None of these other nations you speak of have the natural resources AND the financial support and backing of so many other countrys including the USA.

Scroll up a few pages in this thread and look at the "did you know" post by Outlaw...

Do any of these other nations have all of these factors working in thier favor? Do any of those other countrys even have HALF of these factors working for them?

Bottom line, George Bush has nearly 2 years left in office. His entire presidency and how he goes down in the history books rest on the fate of how things turn out in Iraq. Iraq has been his pet project since the beginning. He has had tunnel vision and that is where his focus is. I see no way that he lets this new Iraqi govt. fail, or the revitalization of the Iraqi economy. His personal agendas with Iraq coupled with the global influences that the USA has on the rest of the world politically and economicly also will basically force the other industrialized nations such as Great Brittan to also invest and help Iraq succeed.

-- October 23, 2005 11:44 AM ∞

Shajee wrote:

Anthony R

If you are right good news for bulls, in that case when ever New Iraqi Dinar opens in the forex market will directly hit $0.20 i.e. NIQD 1.oo = USD: 0.20, wish you good luck.

rgds/Shajee

-- October 23, 2005 7:56 PM ∞

Charlie wrote:

Can someone email me and speak with me about the IRAQ Dinar?? I love to exchange emails with people all over the world every chance I get. I like men a lot. :)

CJHuntMSTR@aol.com

-- October 24, 2005 3:29 AM ∞

Charlie wrote:

CJHuntMSTR@aol.com

-- October 24, 2005 3:30 AM ∞

Anthony R wrote:

Shajee, where did you get that 20 cent figure? Its an interesting number, and I wouldn't be too disappointed to see it happen.... but 31 cents would be better... lol

-- October 24, 2005 1:53 PM ∞

Shajee wrote:

Anthony R; I got the figure of 20 cents from one of the website giving a bullish news: Iraq Currency - the Dinar - the Next Powerful Investment Published on October 20th, 2005 01:38 am By: Claresbiz

One of its para reads:
Looking back at the history it is possible that Dinar value could be as high as $0.20 to a US Dollar.
In addition good to hear from you Dinar will hit 31 cents when it opens in forex market.
Rgds/Shajee

-- October 24, 2005 3:31 PM ∞

skimanvann wrote:

Guys,

I would be pleased to see the NID open on Forex at a $.01 per $USD. Anything above that is pure gravy!

Anyone venture to guess when NID will open on the Forex???

ski

-- October 24, 2005 6:18 PM ∞

Anthony R wrote:

If the Dinar Pegs at 1 cent, what are you going to do?

Are you going to go for the quick, immediate payday, or are you going to sit on it for a while and hope for a much larger payday?

I have 4 million Dinar, and right now, I am leaning towards sitting on my investment if it pegs at a penny.

It would be worth 40K at a penny, but if I can hold on to it for a year or so, it could go up to a nickle for example, and would then be worth 200K.

What are your plans?

-- October 25, 2005 1:21 PM ∞

skimanvann wrote:

Anthony,

I have 10 Million Dinar and waitign for the big payout. I am hoping with the new ratified Constitution and upcoming elections in December we could see a possible Forex entry early in 2006.

The $.20 and $.31 pegs seem high to me. I think we will see baby steps first on the Forex with a $.01 peg rate and as their economy improves and violence subsides the NID will begin regaining it's historic valuation. That could take 2-3 years to happen.

All my own speculation...

G'Day!

ski

-- October 25, 2005 2:06 PM ∞

Shajee wrote:

Hi New Iraqi Dinar Investors;

Even Iraqi dinar pegs at 1 cent it will be a very good pay out, IQD investors are basically betting in IQD cassino club,if its hit their expected target, it will be their honeymoon, other wise a dooms days. All business adventures do not turn out to be true, wish all IQD investors good luck.

-- October 25, 2005 4:16 PM ∞

BOB wrote:

Fellas:

I am a Charter member of the T&B and love it dearly but since Carl and Sara left us it has lost a lot of its clout.

I have visited several of the other sites and have finally found one that I can recommend. The "Investors Iraq Forum" which does'nt cost anything and has a "Rumors" section. Scroll down to "Rumors" and select most of any of the topics that are current (Which say today) and you will find information which we used to find of the T&B. Everything that is written may be rumor but it makes since. All of the posts pertain only to the the Dinar and its prospects of appreciating. Check it out and see if you agree with me.

Let's also stay with the T&B and hopefully revive it at some point.

BOB

-- October 25, 2005 11:12 PM ∞

Michael wrote:

I think it will peg soon at around a dollar to the Dinar. Anything less will be a huge dissapointment. If you are holding 10 million you are about to be a very happy person. Does that make SENSE to you?

-- October 26, 2005 3:40 AM ∞

Ruth wrote:

Shajee, What site did you accuire this information from? I would like to go to it and see if I can find any other information and also verify this.

"I got the figure of 20 cents from one of the website giving a bullish news: Iraq Currency - the Dinar - the Next Powerful Investment Published on October 20th, 2005 01:38 am By: Claresbiz

One of its para reads:
Looking back at the history it is possible that Dinar value could be as high as $0.20 to a US Dollar.
In addition good to hear from you Dinar will hit 31 cents when it opens in forex market.
Rgds/Shajee"

Thank you, Ruth

-- October 26, 2005 3:40 AM ∞

Ruth wrote:

Shajee, Oh, never mind, I typed it into Google and found it. I was hoping it was some real news, but after reading the whole thing, looks like an ad for "freedinar.com" sales. Wouldn't it be something if it were real though! Something HAS to be some real news soon!

Even with real Dinar news I will be hoping FIRST we can bring our troops home. Safe. God help us.

Gramma Ruth

-- October 26, 2005 3:50 AM ∞

mannymanuel00 wrote:

I really believe that at the initial opening of the ForEx, the Dinar will go around .15 cents. Historically the dinar had a strong value, until the occupation of Kuwait took place. Even during the war, the dinar managed to up in value from 4000 to 1467. Now, if anyone knows better how things are moving are those ones that lives in Iraq and sees all economic pumping that Iraq is getting not only from the US but also from other nations that understand the economic impact that Iraq will have in the future. Foregin countries are investing like crazy, even Kuwaities are getting their hands into the dinar because they knows that soon, they will be cashing big. Now, as some of the members of this forum mentioned, it is not an overnight "peg"...It will be a baby crawl, walk, run, and then...zzooooommmmm....sprint.years of economic sanctions and dictarorship took a toll in the trust that the iraqi people had in the banking system. Although wasn't the banks the culprits, but Saddam's actions, that caused this feeling of distrust. Now there is about 17 different banks in Iraq working the way to fix the Iraq economic and banking infraestructure, what that tells about the dinar future? "Mucho Dinero"...lots of money. And still we are not factoring yet the cash pumped by the US for upgrades in the base facilities, and improvements. So, in escence, there is a lot of money coming up.

-- October 26, 2005 3:28 PM ∞

Shaikh wrote:

Friends! its more then 3 years now & we are still posting these concerns in long treads!!!! lets focus when this will hatch !!!! the dinnar egg

-- October 27, 2005 5:41 AM ∞

Anthony R wrote:

Well, I just received my 4 million Dinar in the mail today. Now its just a wait and see thing I guess.

-- October 27, 2005 12:48 PM ∞

Shajee wrote:

Anthony R; congratulation for receiving 4 milion NID by mail, please take care do not leap too high and over buy, I am not bullish for the reason that NID notes have replaced equal quantity of trillions of Old Saddam Dinars notes in circulation, inflation embedded in old currency notes have been brought forward in new currency.

-- October 27, 2005 4:00 PM ∞

Anthony R wrote:

Shajee, I truely hope I didn't over invest, but I just had to drop a little money into this. I had an idea for an investment a few years back, and I talked myself right out of it, telling myself it was such a long shot it would never pay off. Long story short, I should have went for it, I would have multiplied my invetment 150 fold, but let my sinicism ruin it. I don't want to relive that experience. I would rather invest a small amound into this project and watch it fail, than invest nothing and watch it explode. Sometimes, the worst decision you make, is not making a decision at all.

-- October 27, 2005 4:16 PM ∞

Shajee wrote:

AnthonyR; Iraq land presently is under the influence of death solar planet Pluto,causing deaths, one of the Hindu Guru Pandit forecast influence of Pluto is expected to leave Iraq area and will enter land area of Syria and Iran between 15-Dec-05 to 15-Jan-06, hereafter, there will be peace in Iraq and trouble in Syria and Iran pray for general peace in world.

-- October 28, 2005 6:39 AM ∞

Anthony R wrote:

Sharjee, I think I read that somewhere else before, but honestly, it had nothing to do with my decision as I don't believe in astrology or voodoo or anything like that. I guess I am a realist. I am to assume for those that believe though, thats good news right?

-- October 28, 2005 6:58 AM ∞

Anthony R wrote:

Or at least good news for my investment, not good news for the welfare of the world and society.

-- October 28, 2005 7:00 AM ∞

S wrote:

Iraqi PM Says War on Terror Must Be Won
Friday, October 28, 2005
John Moody

BAGHDAD, Iraq — Iraq’s prime minister Friday asked Americans to be patient and, for the first time, acknowledged a clear connection between the Iraqi insurgency and the Sept. 11 attacks on the United States.

"Terrorism is terrorism," said Ibrahim al-Jaafari in an interview with FOX News. "You cannot separate it by region, or divide it into different parts of the world. Defeating terrorism now will benefit all democracies. Failing to defeat it will put all democracies in peril. It will come back to America as it did on Sept. 11."

"It’s understandable that the American people want their children back home," the prime minister said. "But I think and I hope that they understand that the presence of American troops on Iraqi soil is not just for the benefit of Iraq. What the Americans faced on Sept. 11 in New York and Washington, they are now facing in Iraq. There is only one enemy – terrorism – whether it takes place here or America, or London or anywhere in the world."

http://www.foxnews.com/story/0,2933,173856,00.html

-- October 28, 2005 9:07 PM ∞

Andy wrote:

Hello all,
I have some questions for the group. Has anyone else noticed that the few companies that accept credit cards for dinar will only take it for the 25k notes and not the 10K notes? Also when it comes time to cash in the dinar do we have to pay a capital gains tax based on how much we purchased the notes for or any other sort of tax? What is the cheapest price you have found for dinar from a company that also accepts credit cards?
Thank you for your responses and good luck to us all!!

-- October 29, 2005 8:39 AM ∞

S wrote:

Iranian leader: Wipe out Israel

Thursday, October 27, 2005 Posted: 0727 GMT (1527 HKT)

TEHRAN, Iran (CNN) -- Iran's new president has repeated a remark from a former ayatollah that Israel should be "wiped out from the map," insisting that a new series of attacks will destroy the Jewish state, and lashing out at Muslim countries and leaders that acknowledge Israel.

Ahmadinejad quoted a remark from Iran's Ayatollah Khomeini, the founder of Iran's Islamic revolution, who said that Israel "must be wiped out from the map of the world."

The president then said: "And God willing, with the force of God behind it, we shall soon experience a world without the United States and Zionism," according to a quote published by IRNA.

http://edition.cnn.com/2005/WORLD/meast/10/26/ahmadinejad/

-- October 29, 2005 9:21 AM ∞

S wrote:

But Don't worry, that wasn't a threat against Israel or the US..

Iran says committed to UN charter

POL-IRAN-UN
Iran says committed to UN charter

TEHRAN, Oct 29 (KUNA) -- Iran is committed to its obligations listed in UN charter and would not use force or threat against any other country, the foreign ministry said Saturday.

A ministry statement, which refused the recent UN security council statement against Iran, said Tehran's position vis-a-vis the Palestinian issue was clear as expressed by President Mahmoud Ahmadinejad in meetings of the UN's world summit.

"The position of Iran is based on the basis that lasting peace can be achieved in Palestine if justice prevails, discrimination is lifted, ending occupation of Palestinian territories and return of all refugees, while considering opinions of citizens and the establishment of a democratic Palestinian state with Jerusalem as its capital," said the statement.

bs

http://www.kuna.net.kw/Home/story.aspx?Language=en&DSNO=782862

-- October 29, 2005 9:34 AM ∞

S wrote:

GI Kills Suicide Bomber Who Attacked Hotel
By THOMAS WAGNER, Associated Press Writer Sat Oct 29, 6:35 AM ET

BAGHDAD, Iraq - A U.S. soldier shot and killed one of three suicide bombers who attacked the Palestine Hotel complex before he could reach his intended target and that probably saved lives in the building, the military said Saturday.

Spc. Darrell Green, a machine gunner, was guarding the complex from an observation post at the Sheraton Hotel when insurgents began their attack, the military said.

As the dust and debris cleared from the first car bombing at the complex wall, Green saw the cement truck enter and drive in about 50 feet, the military said.

"As he shot and killed the driver, preventing the vehicle from going any further, the truck detonated," the statement said.

"He was trying to kill people," Green was quoted as saying. "It was good we stopped him because he would have killed more people and destroyed the building."

At the time, the Sheraton Hotel was being hit with small-arms fire and what soldiers believe to be rocket-propelled grenades, the military said.

Al Qaida in Iraq later claimed responsibility for the attack on a Web site, but that could not be independently confirmed.

http://news.yahoo.com/s/ap/20051029/ap_on_re_mi_ea/iraq_hotel_attack_3;_ylt=A9FJqa1pfGNDf0gBdwZX6GMA;_ylu=X3oDMTBiMW04NW9mBHNlYwMlJVRPUCUl

-- October 29, 2005 9:53 AM ∞

S wrote:

They have no plans against America or Israel...

Iran has 40,000
human 'time bombs'
'Martyrdom' movement recruits suicide attackers against U.S.

An Iranian movement says it now has recruited 40,000 human "time bombs" to carry out suicide attacks against Americans in Iraq and Israel.

The movement -- called the World Islamic Organization's Headquarters for Remembering the Shahids [Martyrs] -- says the volunteers want to carry out "martyrdom operations to liberate Islamic lands," according to a report broadcast by Al-Arabiya TV and translated by the Middle East Media Research Institute, or MEMRI.

Last year, Insight Online magazine reported the movement, which at the time claimed 10,000 recruits, was signing up members on the internet.

"We are first and foremost Muslims and it is our duty to defend our brothers and sisters throughout the world," she says. "We don't need permission from anybody. This has to do with our religious duty and responsibilities. This is our choice, and we have no fear. We adhere to the legacy of our late leader, Imam Khomeini."

The group does not distinquish between men and women or between Sunnis and Shiites, the reporter says over chants of "We all sacrifice for the sake of Islam."

"Our goal is to achieve martyrdom by way of true jihad."

The reporter says that while the government occasionally expresses reservations about the movement, it has allowed the use of government buildings for the movement's training.

Rajai says movement members are "prepared to report for duty anywhere, any time."

"We believe in combining ideology and action," he says. "Our movement is not a symbolic one. Our goal is well known. When the time comes, martyrdom will be inevitable."

"We are not afraid of the American fleets or the British weapons in Iraq," he says. "We vow to become time bombs in the event of every aggression on our land."

The reporter concludes: "Thus, they await death with happiness and joy. In their view, martyrdom for the sake of Allah is the sweetest thing."

http://www.worldnetdaily.com/news/article.asp?ARTICLE_ID=45148

-- October 29, 2005 10:30 AM ∞

Arleneb wrote:

I would just like to add to what Sharjee was mentioning about Iraq being under the influence of Pluto. While Pluto can be known as the planet of death, it is helpful to know that the further interpretation in Western Astrology of Pluto is that a country or a person experiencing a Pluto transit will go through a total transformation: first an annihilation of what once was, and in the long process (Pluto transits are never quick and take years) the country (in this case) will rise out of the ashes transforming into a new, improved entity. Picture a Phoenix rising up......

-- October 29, 2005 10:44 AM ∞

S wrote:

And, of course, the threat Iran just made, and their suicide bombers, would never be a nuclear threat to Israel or the US...

Al-Qaida nukes already in U.S.
Terrorists, bombs smuggled across Mexico border by MS-13 gangsters

--------------------------------------------------------------------------------
Posted: July 11, 2005

WASHINGTON – As London recovers from the latest deadly al-Qaida attack that killed at least 50, top U.S. government officials are contemplating what they consider to be an inevitable and much bigger assault on America – one likely to kill millions, destroy the economy and fundamentally alter the course of history, reports Joseph Farah's G2 Bulletin.

According to captured al-Qaida leaders and documents, the plan is called the "American Hiroshima" and involves the multiple detonation of nuclear weapons already smuggled into the U.S. over the Mexican border with the help of the MS-13 street gang and other organized crime groups.

Al-Qaida has obtained at least 40 nuclear weapons from the former Soviet Union – including suitcase nukes, nuclear mines, artillery shells and even some missile warheads. In addition, documents captured in Afghanistan show al-Qaida had plans to assemble its own nuclear weapons with fissile material it purchased on the black market.

The plans for the devastating nuclear attack on the U.S. have been under development for more than a decade. It is designed as a final deadly blow of defeat to the U.S., which is seen by al-Qaida and its allies as "the Great Satan."

At least half the nuclear weapons in the al-Qaida arsenal were obtained for cash from the Chechen terrorist allies.

But the most disturbing news is that high level U.S. officials now believe at least some of those weapons have been smuggled into the U.S. for use in the near future in major cities as part of this "American Hiroshima" plan, according to an upcoming book, "The al-Qaida Connection: International Terrorism, Organized Crime and the Coming Apocalypse," by Paul L. Williams, a former FBI consultant.

According to Williams, former CIA Director George Tenet informed President Bush one month after the Sept. 11, 2001, attacks that at least two suitcase nukes had reached al-Qaida operatives in the U.S.

"Each suitcase weighed between 50 and 80 kilograms (approximately 110 to 176 pounds) and contained enough fissionable plutonium and uranium to produce an explosive yield in excess of two kilotons," wrote Williams. "One suitcase bore the serial number 9999 and the Russian manufacturing date of 1988. The design of the weapons, Tenet told the president, is simple. The plutonium and uranium are kept in separate compartments that are linked to a triggering mechanism that can be activated by a clock or a call from the cell phone."

According to Williams' sources, thousands of al-Qaida sleeper agents have now been forward deployed into the U.S. to carry out their individual roles in the coming "American Hiroshima" plan.

Bin Laden's goal, according to the book, is to kill at least 4 million Americans, 2 million of whom must be children. Only then, bin Laden has said, would the crimes committed by America on the Arab and Muslim world be avenged.

The future plan, according to captured al-Qaida agents and documents, suggests the attacks will take place simultaneously in major cities throughout the country – including New York, Boston, Washington, Las Vegas, Miami, Chicago and Los Angeles.

http://www.worldnetdaily.com/news/article.asp?ARTICLE_ID=45203

-- October 29, 2005 11:18 AM ∞

S wrote:

So rest easy everyone..

Those nasty comments of:

The president then said: "And God willing, with the force of God behind it, we shall soon experience a world without the United States and Zionism," according to a quote published by IRNA.

http://edition.cnn.com/2005/WORLD/meast/10/26/ahmadinejad/

Are just empty threats which could never come to pass.

S.

-- October 29, 2005 11:22 AM ∞

S wrote:

Running your life by the influence of large planetoid bodies whose influence is considerably less than the influence of the moon and its proven gravitational pull on the tides of the ocean, is not based on verifiable science, but subject to personal interpretations.. And that begs the question.. WHOSE interpretations are you living by? And what makes their ideas 'divine'?

S.

-- October 29, 2005 11:32 AM ∞

Jason wrote:

I'm in need of American money for family reason and I'm forced to sell off some of my dinar stash. I wish I didn't have to do this, but I have no choice. If anyone is interested I'm selling 1 million dinar for 825 shipped. I purchased the majority of the dinar from Amer himself. If he's reading this, you can buy it back from me if you want at a hugely discounted rate. The Million is in the form of 25k notes, 10k notes and 5k notes. If you can help in anyway or interested in purchasing this from me please contact me at cubsaregreat@gmail.com. Also I'm a seller on ebay and if you want to check my feedback it bestcubsfansj. Please help me out. Thanks.

- Jason

-- October 31, 2005 12:52 AM ∞

johnnyhavedinar wrote:

Hey folks it seems that the dinar has really gone south. Here is Jason selling his dinar before the boat sinks.

-- October 31, 2005 11:03 AM ∞

Terrance wrote:

Breaking newsflash: a UFO hit Pluto. The Dinar is doomed.

Anybody on this thread talking about Pluto - please take your fantasies elsewhere. This is an economic forum focusing on the future of the NID.

-- October 31, 2005 11:15 AM ∞

Behrouz wrote:

Dear…
Pleas help me about Iraq
I need to presentation an address site for exposition
1. Chart of currently increase an decrease for ago & now war of Iraq Dinar
2. Forecasted values for
2006?
2007?
If it is possible pleas send to my mail.
Thank you
Behrouz.nik

-- October 31, 2005 2:06 PM ∞

Shajee wrote:

johnnyhavedinar; of Jason is selling his New Iraqi Dinar need not worry,boat is not sinking, in any product market buying selling do takes place at all price levels, may be Jason is impatient would not like to hold on for a long term. Jason intends to liquidate and reinvest else where on short term for quick returns.

Remind you,investmentin NID is a very long term investment, NID Investors looking for profits need to for get it for the next 5-10 Years, after investing. Rgds.

-- October 31, 2005 2:45 PM ∞

Anthony R wrote:

I hope you are wrong Shajee. I am hoping for a nice profit in no more than a year. If it pegs even at 1 cent, you will have made a very nice profit. My 4 million dinar would be worth $40,000. I think thats a very nice profit. Are you saying you think it will be 5 to 6 years before it hits a penny? I am not saying I would sell at a penny, who know, I might. It all depends on what financial situation I find myself in. I will say this, $40,000 would pay off every debt I have and that would be very nice. But... as of right now, I am not that desperate, and would keep paying my debts according to schedule waiting for it to go up much higher than a penny for the big payout.

I don't understand why you all are second guessing Jason. I don't know him, but I have no reason to not take him at his word. He said he needed some USA currency for a family emergency. That sounds like a very good reason to sell to me. Why would you assume he either thinks its getting ready to tank, or would you think he simply wants to get his investment back and reinvest it in something else?

-- October 31, 2005 2:56 PM ∞

Bherouz wrote:

Dear…
Pleas help me about Iraq
I need to presentation an address site for exposition
1. Chart of currently increase an decrease for ago & now war of Iraq Dinar
2. Forecasted values for
2006?
2007?
If it is possible pleas send to my mail.
Thank you
Behrouz.nik

-- October 31, 2005 10:22 PM ∞

Shajee wrote:

Anthony R; Before NID pegs to U.S.Dollar, Central Bank of Iraq daily auction rate stood at NID:1460 to a Dollar for quite some time, now latest auction rate is NID:1472 to a Dollar, NID value is declining instead of appreciating,any comments ?
Rgds

-- November 1, 2005 10:26 AM ∞

Anthony R wrote:

No comments really. Its a wait and see still, What its auction rate is now is meaningless. What it pegs at is whats relevant to us, and what it auctions at now is irrelevant.

-- November 1, 2005 10:37 AM ∞

Shajee wrote:

Anthony R;
One of the website promoting sales of NID says many governments have purchased NID.
They are looking forward for handsome returns.

Another interesting story;
Understand two giants traveled to Baghdad-Iraq, each one of them purchased one Trillion NID, may be Two or Three Trillions.
Two giants have placed NID stocks in their Strong Rooms in safe custody
Even if NID achieves the value NID 1.oo = USD 1.oo in next two three years
The giants will recover their traveling costs, in addition would make a hand sum profits, sufficient to purchase crude Oil for the next two decades, a very good business adventure./Rgds

-- November 1, 2005 2:25 PM ∞

Shajee wrote:

Anthony R;
It is a saying history always repeats, if currencies of Japan, Germany and Kuwait can recover smartly after thir wars why Iraq currency should not recover./Rgds

-- November 1, 2005 2:34 PM ∞

Anthony R wrote:

That is kind of the gamble that we are all taking Shajee... at least all of us that have invested in the Dinar. I like the chances, and all of the facts and factors working to help Iraq prosper.

-- November 1, 2005 9:29 PM ∞

Anthony R wrote:

Shajee, I just can't figure you out. In some posts, it sounds like you think the NID will never amount to anything, in others, such as your last 2, it sounds like you think it will explode. Color me confused.

-- November 2, 2005 2:26 PM ∞

Shajee wrote:

Anthony R; Yes, you can not figure out for the reason, informations based on NID websites lead you in different directions north and south, resulting in total confusion.

In real terms if you ask me, I have only one strong valid negative point is, that trillions of inflated Old Iraqi Dinar in circulation has been equally replaced by NID, the result is inflation brought forward in the current economy of Iraq, hence, I am not bullish.

If you ask me I am not a buyer of NID, until I see a movement trend, best time to buy would be when NID shows movement in up ward direction i.e. when actual deflation begins. Rgds

-- November 3, 2005 9:25 AM ∞

skimanvann wrote:

Shajee,

How would you value the NID when the fight subsizes and the economy begins to grow? The natural resouces of Iraq could could be a very powerful catalyst to help the NID appreciate. Kuwait is a great example.

ski

-- November 3, 2005 10:28 AM ∞

Shajee wrote:

Anthony R; You are right, based on websites NID information’s lead you in different directions north and south, resulting in total confusion.

In real terms if you ask me, I have only one strong valid negative point is, that trillions of inflated Old Iraqi Dinar in circulation has been equally replaced by NID, the result is inflation brought forward in the current economy of Iraq, for the reason I am not bullish.

If you ask me I am not a buyer of NID, until I see a movement trend, best time to buy would be when NID shows movement in up ward direction i.e. when actual deflation begins

Further I would like to clarify my assumptions are based on the following conditions: -

1) That trillions of inflated Old Iraqi Dinar in circulation has been equally replaced by NID, inflation brought forward in the current economy of Iraq.

2) In case of Kuwait its currency recovered after the war to the level of pre-war value.

3) Similarly Iraq currency can only recover to the extent of pre-war of 2003 value.

4) Recovery of value of currency based on simple physic law, water finds its own level, such as land/ground water table will always attain its level what ever you do.

5) Simply find out what was the actual street value of Old Iraqi Dinar, just before the fall of Saddam Empire in April-2003, that will the correct value NID can achieve bring forward the inflation already imbedded in Old currency.

Rgds

-- November 3, 2005 3:43 PM ∞

Shajee wrote:

skimanvann; Please do let the websites promoting sale of NID drive you with the common word of natural resources, Iraq floating on huge oil reserves.

Remind you all other oil producing countries like Iraq has sufficient untapped oil reserves.

Iraq even under UN Sanctions during Saddam regime was a regular oil exporting country.
Actually if you see, Oil Exports have gone down after the fall of Saddam.

Like Iran and Venezuela, Iraq currency was grossly mismanaged by excess over printing of currency notes brought in to circulation causing hyper inflation, resulted low market value what we see today.

Look at Libya under similar conditions of UN Sanctions as of Iraq, has maintained its high value, by proper currency management.

Please do not look at the value of Old Iraqi Dinar of USD:3.25 before 1991 war, Old ID was grossly damaged from 1991 to 2003 by mismanagement, simply now you have to look for the street value of Old ID, before the US attack in April-2003, this will be the correct street value, the maximum value the NID can achieve.

-- November 3, 2005 5:16 PM ∞

Anonymous wrote:

QUOTE SHAJEE

Please do not look at the value of Old Iraqi Dinar of USD:3.25 before 1991 war, Old ID was grossly damaged from 1991 to 2003 by mismanagement, simply now you have to look for the street value of Old ID, before the US attack in April-2003, this will be the correct street value, the maximum value the NID can achieve.

END QUOTE

Wasn't the value of the OID before the war about 31 cents on the dollar? I would be very happy if it hit that value, it would still be a very nice gain.

-- November 4, 2005 12:25 PM ∞

Mike wrote:

Here's an interesting development involving the increased use of the NID.

www.portaliraq.com/news/Contractors+begin+receiving+payments+in+dinars+instead+of+dollars__1111615.html

-- November 4, 2005 3:57 PM ∞

Shajee wrote:

Anonymous; understand one OID was 31 cents the official exchange rate used for Oil & Food trading, we have to see what was the actual Baghdad street value of OID in March-2003

-- November 5, 2005 3:47 AM ∞

Shajee wrote:

New Iraqi Dinar Future Forecast: -

It is observed number of websites promoting sale of New Iraqi Dinar (NID) drive you to the north using a common words of natural resources, Iraq floating on huge oil reserves.

Iraq is not the only oil producing country having huge oil reserves; remind you, there are good numbers of other oil producing countries, which are also floating on oil like Iraq, having sufficient untapped huge oil reserves.

Iraq even under UN Sanctions during Saddam regime was a regular oil exporting country.
Actually if you see, Iraq Oil Exports quantity has dropped down after the war; it will take some time to return at prewar 2003 levels.

Hence, the message “Iraq floating on huge oil reserves” is irrelevant, whenever evaluating future trend of New Iraqi Dinar.

Now the very important factor to consider is, Trillions of inflated Old Iraqi Dinar in circulation has been equally replaced by NID, the result is; inflation has been totally brought forward in the current economy of Iraq.

Comparing NID with other oil producing countries;
Like Iran and Venezuela, Iraq currency was grossly mismanaged by excess over printing of currency notes; same brought in to circulation causing hyper inflation, resulted low market value of these currencies what we see it today.

Look at Libya under similar conditions of UN Sanctions as of Iraq, has maintained its high value, by good currency management.

Recovery of value of currencies after war;
Recovery of value of currency after the war is based on simple physic law; water finds its own level, such as land/ground water table will always attain its level what ever you do.

In case of Kuwait its currency recovered after the war to the level of pre-war value of 1991.

In case of Iraq, do not look at the value of Old Iraqi Dinar of USD: 3.25 before 1991 war, Old Iraqi Dinar was grossly damaged during the period from 1991 to 2003 by Saddam’s currency miss-management, as of today, now you have to simply look for the street value of Old ID, before the US attack in April-2003, this will be the correct street value, the maximum value the NID can achieve.

Hence Iraq currency can only recover to the extent of pre-war value of 2003 that too under normal economic conditions.

Forecast for future value of NID is;
Simply find out what was the actual street value of Old Iraqi Dinar, just before USA declared war with Iraq in April-2003, that will the correct value, NID can achieve which has grossly brought forward the inflation already imbedded in Old currency.

If you look at the Central Bank of Iraq official NID exchange rate, remained constant for quite some time at 1,460 to US Dollar, last rate quoted was 1,475 to a dollar, NID has moved towards the south direction instead of moving in the north direction for recovery towards pre-war levels of 2003.

Iraq currency can only move above the pre-war April-2003 levels, until and unless deflation of Iraq currency starts. Many decades have passed; we have been hearing reports of inflation and never heard of deflation in any country.

-- November 5, 2005 3:52 AM ∞

Shajee wrote:

New Iraqi Dinar Future Forecast: -

It is observed number of websites promoting sale of New Iraqi Dinar (NID) drive you to the north using a common words of natural resources, Iraq floating on huge oil reserves.

Iraq is not the only oil producing country having huge oil reserves; remind you, there are good numbers of other oil producing countries, which are also floating on oil like Iraq, having sufficient untapped huge oil reserves.

Iraq even under UN Sanctions during Saddam regime was a regular oil exporting country.
Actually if you see, Iraq Oil Exports quantity has dropped down after the war; it will take some time to return at prewar 2003 levels.

Hence, the message “Iraq floating on huge oil reserves” is irrelevant, whenever evaluating future trend of New Iraqi Dinar.

Now the very important factor to consider is, Trillions of inflated Old Iraqi Dinar in circulation has been equally replaced by NID, the result is; inflation has been totally brought forward in the current economy of Iraq.

Comparing NID with other oil producing countries;
Like Iran and Venezuela, Iraq currency was grossly mismanaged by excess over printing of currency notes; same brought in to circulation causing hyper inflation, resulted low market value of these currencies what we see it today.

Look at Libya under similar conditions of UN Sanctions as of Iraq, has maintained its high value, by good currency management.

Recovery of value of currencies after war;
Recovery of value of currency after the war is based on simple physic law; water finds its own level, such as land/ground water table will always attain its level what ever you do.

In case of Kuwait its currency recovered after the war to the level of pre-war value of 1991.

In case of Iraq, do not look at the value of Old Iraqi Dinar of USD: 3.25 before 1991 war, Old Iraqi Dinar was grossly damaged during the period from 1991 to 2003 by Saddam’s currency miss-management, as of today, now you have to simply look for the street value of Old ID, before the US attack in April-2003, this will be the correct street value, the maximum value the NID can achieve.

Hence Iraq currency can only recover to the extent of pre-war value of 2003 that too under normal economic conditions.

Forecast for future value of NID is;
Simply find out what was the actual street value of Old Iraqi Dinar, just before USA declared war with Iraq in April-2003, that will the correct value, NID can achieve which has grossly brought forward the inflation already imbedded in Old currency.

If you look at the Central Bank of Iraq official NID exchange rate, remained constant for quite some time at 1,460 to US Dollar, last rate quoted was 1,475 to a dollar, NID has moved towards the south direction instead of moving in the north direction for recovery towards pre-war levels of 2003.

Iraq currency can only move above the pre-war April-2003 levels, until and unless deflation of Iraq currency starts. Many decades have passed; we have been hearing reports of inflation and never heard of deflation in any country.

-- November 5, 2005 3:53 AM ∞

Shajee wrote:

Iraq currency can only move above the pre-war April-2003 levels, until and unless deflation of Iraq currency starts. Many decades have passed; we have been hearing reports of inflation and never heard of deflation in any country. Rgds/Shajee

-- November 5, 2005 4:02 AM ∞

Shajee wrote:

Iraq currency can only move above the pre-war April-2003 levels, until and unless deflation of Iraq currency starts. Many decades have passed; we have been hearing reports of inflation and never heard of deflation in any country. Rgds/Shajee

-- November 5, 2005 4:03 AM ∞

skimanvann wrote:

Shajee,

I appreciate your commentary. Deflation? or do you mean economic growth?? If the Iraqi economy grows so will the value of the Dinar. The pre- war 2003 peg figure is interesting because the 12 years of mismanagement have already been factored in. Hence a 10x drop in the OID value since 1991. So with that being said, do you believe a $.31 peg price is reasonable?? Any comments on when a peg might occur? Will a peg occur?

Keep up the detailed posts!

Thanks,

ski

-- November 5, 2005 10:01 AM ∞

Anthony R wrote:

I don't really question IF at this point, to me, the bigger question is WHEN.

To me, the bigger concern is where can I go to exchange my NID when it pegs. I was under the impression that just about any bank would do the exchange for you for a fee after the NID officially hits the exchange. But now, I am reading that there are only 4 or 5 nation wide that do this kind of transaction. I hate the thought of traveling half way around the country to exchange my NID for USA dollars when the time is right.

-- November 5, 2005 10:19 AM ∞

Anonymous wrote:

SOMEONE PLEASE ANSWER. Sorry for shouting but I think a lot of people would like to know What kind(s) of tax we have to pay once we cash in the dinars: Where we can we cash in: why are companies that sell them so stingy with the 10k notes:
Any help is appreciated!

-- November 5, 2005 10:53 PM ∞

Anthony R wrote:

The companys would rather sell the 25K notes for shipping purposes, the package would weigh 2.5 times as much with 10K notes.

Someone said that if you trade enough NID to get $10K US or more, then you would be subject to pay taxes on it. I don't know how accurate that is though. Knowing our govt., I would bet that they will get thier share, even though it doesn't seem right to me. I exchanged money I had already earned and paid taxes on into a different currency, and then later exchange it back to US currency. Just because there is profit involved does not make it income, and shouldn't be taxable. But oh well, they will get thiers, just pay it and move on with whats left of your profit.

As to where we exchange... this is a little questionable to me too. I thought at first once it hit the federal exchange you could go to nearly any bank. But from what I read right now, there are only 4 or 5 banks in the nation that handle this type of transaction.

-- November 6, 2005 2:27 AM ∞

Paul G. Eberhart wrote:

Thanks to all of you!

I have been looking for a forum like this for two months. I own 1,100,000 Dinar with plans to own 10,000,000 in the next six months. It is great to hear from positive people who understand the real opportunity we have with NID.

Thanks again

-- November 6, 2005 4:58 PM ∞

Paul G. Eberhart wrote:

THanks to all of you for the great forum. I own 1,100,000 Dinar with plans to purchase 10,000,000 within the next six months. I have been looking for a good forum to share dreams and ideas with and now I have found it.

Thanks again

-- November 6, 2005 5:01 PM ∞

Shajee wrote:

skimanvann;
Thanks very much for your appreciation.

In the past, we have seen with Economic growth in any country, at the same time inflation hangs around, when there is increase in price of consumer goods; you say inflation and inflation is usually caused by surplus printing of currency notes to full fill the financial needs of any country’s administrative expenses in their local currencies.

In simple terms:
When there is increase in price of goods; it is called inflation
When there is decrease in price of goods; it is called deflation

In case of Iraq, if you say street value of one NID was 31 cents in March-2005, now we have to see how many years it will take to return to normal economic conditions, until that day to come, normal business conditions are achieved, during this duration of normal activity recovery, with the economic growth in Iraq, if prices of daily consumers goods index goes up, in that case NID will hit below 31 cents the street value of March-2003 level.

-- November 7, 2005 9:19 AM ∞

John wrote:

I'm new here and have learned alot ,do thank you alot for all the work you put into the info we get

-- November 7, 2005 12:00 PM ∞

skimanvann wrote:

Shajee,

I guess we will all have ot wait until the IMF decides to allow NID to trade on the open market.

I think you meant March 2003 (Not March 2005)the OID was trading at $.31 to USD. I hope the election and some progress with the new government will convince IMF to allow open market NID trading.

ski

-- November 7, 2005 1:08 PM ∞

Shajee wrote:

skimanvann;
Msg corrected; kindly read March-2003 instead of March-2005
Thanks very much for your appreciation.

In the past, we have seen with Economic growth in any country, at the same time inflation hangs around, when there is increase in price of consumer goods; you say inflation and inflation is usually caused by surplus printing of currency notes to full fill the financial needs of any country’s administrative expenses in their local currencies.

In simple terms:
When there is increase in price of goods; it is called inflation
When there is decrease in price of goods; it is called deflation

In case of Iraq, if you say street value of one NID was 31 cents in March-2003, now we have to see how many years it will take to return to normal economic conditions, until that day to come, normal business conditions are achieved, during this duration of normal activity recovery, with the economic growth in Iraq, if prices of daily consumers goods index goes up, in that case NID will hit below 31 cents the street value of March-2003 level.

-- November 7, 2005 09:19 AM ∞

-- November 8, 2005 8:28 AM ∞

cash wrote:

Has anyone heard or read when the NID will peg? .......best estimates?

-- November 8, 2005 10:05 AM ∞

Shajee wrote:

Cash; Nobody know when NID will peg with USD Or Euro, once NID is pegged to USD, thereafter, Central Bank of Iraq will decide to permit NID trading within Iraq and/or in World Forex Markets. There are countries in South Asia their Central Banks do not permit their currencies to be traded in Forex markets.

-- November 8, 2005 1:14 PM ∞

Tyler wrote:

Baghdad contractors go from dollars to dinars
By Spc. Derek Del Rosario
November 4, 2005

CAMP LIBERTY, Iraq (Army News Service, Nov. 4, 2005) -- Iraqi contractors supporting Operation Iraqi Freedom III are now counting dinars instead of dollars on payday.

Another milestone in Iraq’s economic development was reached Oct. 14 when a 3rd Infantry Division finance office issued the first payment in Iraqi currency while in theater.

Local vendors and contractors were previously paid in U.S. dollars. This is the first time in all the rotations of Operation Iraqi Freedom that a dinar check payment has been issued to local vendors and contractors within the Baghdad area of operations.

This is a huge step according to Maj. Richard Santiago, commander of 3rd Finance Company, 3rd Soldier Support Battalion, Division Support Brigade, who said paying locals in dinars benefits both the Iraqi people and Coalition Forces.

“This is truly a win-win situation for all,” Santiago said. “Issuing dinar check payments improves the economic and financial stability of Iraq by promoting the Iraqi banks while using their local currency. It also decreases the cash requirements our finance offices need in order to meet mission requirements, as we are now able to pay the local vendors and contractors with a check instead of cash.”

Implementing the dinar payment took a lot of coordination between several agencies. The 18th Soldier Support Group, the Defense Finance and Accounting Service, the Office of the Assistance Secretary of the Army (Financial Management and Comptroller), the U.S. Treasury Department and the 3rd Finance Co. were all involved.

“We needed approval from DFAS to set up a Local Depository Account, also known as LDA, at the Credit Bank of Iraq in order to be able to make payments using the local currency,” Santiago said. “Once we had the LDA account set up, we were ready to make check payments in dinars. Setting the LDA account at the Credit Bank of Iraq will stimulate their bank systems and procedures, creating the right impact needed to improve Iraq’s financial infrastructure.”

Santiago foresees the banking system in Iraq will increasingly show signs of improvement as Army finance offices continue to make payments in the local currency.

“The ultimate goal is to have all the local vendors and contractors paid in dinars while maximizing the use of the local banking system,” Santiago said. “It’s difficult to estimate when we will reach this point, but just to disseminate funds in their currency is a major step in the right direction.”

Iraqi vendors and contractors are likely to appreciate the change from payments in U.S. dollars to dinars because it will help their economy, said 1st Lt. Tayonia Williams, 3rd ID Finance disbursing officer.

“Paying Iraqis in their own currency also has the benefit of limiting the large amount of cash that vendors and contractors have to carry after getting paid for their supplies and services,” Williams said.

Santiago said the switch to dinars will also help the Coalition Forces fight against terrorism, as it will limit money that could be used by terrorists.

“By limiting the U.S. dollars in the region, we are cutting down the dollars that could possibly be used by insurgents,” Santiago said. “These steps are setting the right path for the rebuilding of Iraq.”

-- November 8, 2005 1:49 PM ∞

Shajee wrote:

Cash; I asked one of my fiends when NID will peg to USD, he replied NID is already pegged indirectly with a dollar, for the reason Central Bank of Iraq (CBI) is officially announcing daily exchange rate of NID to a USD, based on daily USD auction rate, if you see it physically all Import Export Bills are been negotiated at the counters of authorized banks in Iraq at the official daily exchange rate announced by CBI.

CBI exchange rate is an official control exchange rate to be utilized by authorized commercial banks in Iraq for all nature of on going daily business transactions routed through banking channels. CBI daily exchange rate is not a free floating rate.

You will find Free Floating exchange rate at the money changer counter on Baghdad streets. The correct indicator is money changer exchange rate, the real floating rate, which covers instant real demand and supply positions, as and when Iraq business activity starts returning to normal, street value of NID will improve and find its functional level.

-- November 9, 2005 1:49 AM ∞

Shajee wrote:

Cash; For Central Bank of Iraq Daily price Bulletin buying and selling
visit http://www.cbiraq.org/cbs6.htm
where you will find NID exchange rates for US Dollar, European Euro, Pound Sterling, Japanese Yen and others

Another website gives the following news:-
Iraq Business Forums: Iraqi Dinar
http://www.iraqdirectory.com/forums/forum_posts.asp?TID=28&PN=1
Posted: 10 August 2005 at 1:32pm | IP Logged
Todays Prices of Iraqi Dinar:
US Dollar = 1485 I.D.
Euro = 1840 I.D.
Kuwaiti Dinar = 5086 I.D.
Jordainian Dinar = 2097 I.D.
Arab Emirates Dirham = 404 I.D.
It seems hitting new low record

-- November 9, 2005 7:30 AM ∞

Shajee wrote:

Cash;
Posted: 11 October 2005 at 10:53pm
Accoring to Al Taif Company for Exchange and Money Transfer. Iraqi dinar rates are as follows :
Buy USD 1475, Sell USD 1485
Buy Euro 1641, Sell Euro 1800

-- November 9, 2005 8:13 AM ∞

Shajee wrote:

Cash;
For Money changer exchange rate at Baghdad Street visit Al Taif Company website

http://www.taifco.com/

-- November 9, 2005 8:29 AM ∞

LazyasL wrote:

CURRENCY HISTORY: in April 1932 at the end of the British mandate, the Iraqi currency board opened with the launch of the dinar which was then pegged at par with the British pound and backed by pound reserves. In year 1947, the currency board was then replaced by the central bank system with the dinar quoted at $4.86 USD to the dinar. By 1970, the official exchange rate had the dinar at $2.80 USD, year 1973 at $3.39 USD. By 1982 up until Gulf War II, the official rate devalued by 5 percent to $3.22 USD to the dinar or conversely the peg at 0.3109 IQD to 1 USD.

the gulf war II, began march 19, 2003, the dinar traded at 0.31 IQD to 1 USD.......thats not 31 cents, thats $3.22......not trying to ruffle any feathers here......if i'm wrong i apoligize...... the decimal point increases the value,

http://www.bankintroductions.com/iraq.html

-- November 9, 2005 1:13 PM ∞

Shajee wrote:

LazyasL; What was the Baghdad street value of Old-ID traded by money changers just before the gulf war II, began march 19, 2003 ?

-- November 9, 2005 2:45 PM ∞

LazyasL wrote:

as you can see my name says it all, if i had read a little further, there is a word "IRRELEVANT" describing the official rate .........these are black market rates?

Black market rate is volatile and fluctuates around 2000 IQD to the USD in 2001 and also in August 2002 of which represents a significantly lower valuation than the irrelevant official rate. However, it should be noted that black market rates differ tremendoulsy from official rates.

At the height of the Iraq-Iran was in 1986, inflation in Iraq reached 50 percent with black market exchange rates estimated in the range of 500 to 1000 IQD to the USD. Historical black market valuations include shortly after Gulf War I in 1991 the old dinar collapsed to 7,000 IQD to the USD and by 1995 the rate had rallied to 3000 IQD. In 1996 just before the United Nation’s implemented the oil-for-food program, the IQD then rallied to a level of 2400 IQD to the USD, year 1997 at 1530, December 1999 at 1910 IQD, December 2002 at 2330 IQD to the USD, April 2003 the dinar fell to 9000 IQD to the USD as Iraqi banks were being looted, March-April 2003 traded as low as 4,000 IQD with other reports of trading in the 5000 to 6000 IQD to the USD level, an exchange valuation of 2000 IQD at the time of Mr. Hussein’s regime overthrow in April 2003, July 2003 at 1500, October 15, 2003 at 1970 NID to the USD (currency swap to New Iraqi dinars from old dinars) and May 2004 at 1340 to 1660 NID.

-- November 9, 2005 3:52 PM ∞

outlaw in Iraq wrote:

Shajee...I wanted to inform you that the IQD has "NOT" pegged yet. When it does then you will find it on the FOREX.

-- November 10, 2005 4:36 AM ∞

Calvin wrote:

I have heard from 2 differnt sources that something is going to happen next week. However I would think the brave soldiers and contractors would have a better idea than us here in the USA. Can anybody either confirm or deny the rumors?

-- November 10, 2005 8:01 AM ∞

Shajee wrote:

LazyasL;
Quote"the gulf war II, began march 19, 2003, the dinar traded at 0.31 IQD to 1 USD.......thats not 31 cents, thats $3.22......not trying to ruffle any feathers here......if i'm wrong i apoligize...... the decimal point increases the value,"Unquote

USD: 3.22is a Freezed rate of 1991, this rate remained constant for almost 12 years on Forex market board until year end 2003.

I am not able to get correct exchange rate quotes figures of Jan-2003, believe Old Iraqi Dinar 1.oo was around 10 cents in Iraq domestic market.

Basis exchange rate 10 cents of OID in Jan-2003, what I estimate is NID will regain its value maximum 10 cents Less inflation factor from Jan-2003 to date the normal business activity will resume.

Finally I would say it is very difficult to predict what next is going to happen, have nothing more to say.

-- November 10, 2005 10:20 AM ∞

millionairetobe71 wrote:

Well,
I can tell you for sure that here in Iraq, no especulation of something to happen has taken place. I would surely know because my contacts that buy me the dinars would tell me so....

-- November 10, 2005 12:42 PM ∞

Trusty wrote:

This link is to the WSJ but not sure everyone can access it. It was a lengthly article, you might want to buy Thursday's paper.
Tried to post on Iraqi Forum but I have never been accepted.

http://online.wsj.com/article/SB113158821669793155.html?mod=home_page_one_us

Wall Street Journal NOV 10,2005
The war in Iraq and influx from abroad have distorted the economy in other ways. U.S. authorities worry that Amman has become a money-laundering center for ill-gotten Iraqi wealth, potentially to the tune of billions of dollars. Jordan's second-largest bank, the Housing Bank for Trade and Finance, is having a record year, with earnings expected to more than double and deposits from Iraqi clients rising precipitously since before the war. But U.S. intelligence and Treasury officials frequently call its downtown Amman office, curious about certain large transfers.
At the same time, property prices and rents have more then tripled in many areas of the city, which is home to as much as half of Jordan's population. The government has been forced to significantly raise the costs of kerosene used in small generators for electricity, due to shrinking supplies of oil from Iraq. Traditionally, Mr. Hussein gave oil to Jordan free or at steep discounts

-- November 10, 2005 5:08 PM ∞

Ruth wrote:

Re: Dr. Chalabi's visit. This is an email I received from a friend of mine who is also a Dinar investor. Please keep in mind, this was his idea and not mine, so if it's stupid, lets blame someone else :-) I would call myself, but would choke up for sure on National television and he thinks he would too.

Is there anyone out there who may be willing to make this call to ask the Million Dollar Dinar question?

I have read that Snow, Sec of Treasury said he would only meet with Dr. Chalabi if his agenda allowed the time, but Chalabi will be meeting with Sec of Defense and Cosnt. Rice.

My personal feeling is that even if Chalabi knows, he won't be telling, so it's a long shot, but someone out there might actually have the guts to ask.

Copied e-mail:
Ruth, read this over, call me and tell me what you think.

Dr. Chalabi (Deputy Prime Minister, Iraq)

CNN (Headline News)
CNBC
MSNBC
FOX NEWS
Hard Ball (Chris Mathews)
The Situation Room (Wolf Blitzer)
The O'Reilly Factor (Bill Reilly)
etc,etc,etc...

"Dr. Chalibi is a major Political and Economic player in the Middle East. He is in Washington, D. C. now and for the next few days.

Ask several of your "Dinar" Cyber-Friends to contact the above news station commentators throughtout this weekend.....until Dr. Chalibi answers the following question.

We want the answer and he has it.
Q:
Dr. Chalibi, "Approximately," when will the "New Iraq Currency" be put on the global market, pegged to the USD at "Approximately" what price?

This is a very serious issue in your country. Thank you."
__________________________________________________

-- November 11, 2005 6:45 PM ∞

Gramma Ruth wrote:

Last post RE: Chalibi's visit is from Gramma Ruth. Added this so you'd know I've been here before.

-- November 11, 2005 6:49 PM ∞

Anthony R wrote:

Kinda dead in here, what happened to all of the debate? Lets hear some more great news about the NID.

-- November 14, 2005 3:30 AM ∞

Adam wrote:

Hi all,

First post here, great site. Proud owner of 6 million Dinars. I believe a revalue will come when the IMF have approved the SBA. IMO early January we will see a r/v at around .31 to the dollar.

-- November 14, 2005 8:33 AM ∞

James wrote:

I received some 25,000 IQD Notes and 2 of them have pen writing on them... Does this matter when trying to cash them in?? I remember reading somewhere that they may not be any good if they are defaced or damaged in any way.

-- November 14, 2005 2:46 PM ∞

Shajee wrote:

Anthony R; Lets hear some more great news about the NID.

Please Refer to the website:
http://fx.sauder.ubc.ca/currency_list.html#I
Information
Exchange Rate Regimes: If a currency is named, the country pegs its currency to the named currency, and the parity is shown in parenthesis. For example, "US-$ (2.7)" indicates that a currency is pegged to the U.S. dollar at a parity of 2.7 currency units per US-$. The notation "euro-##.####" specifies the official locking rate between the new European euro and the eleven currencies it replaces, that is, one euro buys the amount of national currency indicated. SDR=Special Drawing Right of the International Monetary Fund. A currency followed by "(lim.flex.)" indicates that the currency exhibits limited flexibility vis-à-vis the currency named in the regime column. Other notation used includes: float=floating exchange rate; m.float=managed float; EMU=member of the European Monetary Union but not a member of the European euro zone launched on January 1, 1999; composite=peg is to a basket of currencies; indicators=exchange rate is adjusted frequently to a set of indicators.
• Iceland
Currency: króna; Symbol: IKr; Subdivision: 100 aurar (sg. aur); ISO-4217 Code: ISK 352; Regime: composite
• India
Currency: rupee; Symbol: Rs; Subdivision: 100 paise; ISO-4217 Code: INR 356; Regime: float
• Indonesia
Currency: rupiah; Symbol: Rp; Subdivision: 100 sen (no longer used); ISO-4217 Code: IDR 360; Regime: m.float
• International Monetary Fund
Currency: Special Drawing Right; Symbol: SDR; Subdivision: ; ISO-4217 Code: XDR 960
• Iran
Currency: rial; Symbol: Rls; Subdivision: 10 rials = 1 toman; ISO-4217 Code: IRR 364; Regime: US-$ (4750)
• Iraq (-2003)
Currency: dinar; Symbol: ID; Subdivision: 1,000 fils; ISO-4217 Code: IQD 368; Regime: US-$ (0.3109)
• Iraq (2004-)
Currency: new dinar; Symbol: ID; Subdivision: 1,000 fils; ISO-4217 Code: IQD 368; Regime: m.float
• Ireland (1999-)
Currency: euro; Symbol: € Subdivision: 100 cents; ISO-4217 Code: EUR 978; Regime: float
• Isle of Man
see United Kingdom
• Israel
Currency: new shekel; Symbol: NIS; Subdivision: 100 new agorot; ISO-4217 Code: ILS 376; Regime: m.float
• Italy (1999-)
Currency: euro; Symbol: € Subdivision: 100 cents; ISO-4217 Code: EUR 978; Regime: float
• Ivory Coast
see Côte d'Ivoire

Comments:
NID may not peg and remain under Regime managed float like other countries.

-- November 14, 2005 3:14 PM ∞

Anonymous wrote:

Hi all
It has been awhile sence I have done a post." just been reading them" James as far as writing on some of the NID that you have,that just shows that the dinar is in use.All paper money have some writing on them at times.I have some NID the same way,and have had mine for some time now.When I first saw this it made me glad, because it ment the NID is on the street and in common use,so do not worry.
Good luck to all and Iraq.
Ron

-- November 14, 2005 6:23 PM ∞

Anonymous wrote:

Outlaw in Iraq just a line to let you and my brothers and sisters know,I think of all of you in harms way all the time.Member for life chapter 441 VVA.God bless and keep all of you safe and thank you for your service.Ron

-- November 14, 2005 6:30 PM ∞

RON wrote:

JUST LOGED BACK ON.RON

-- November 14, 2005 6:34 PM ∞

Confused wrote:

Why do people say that the ID is going to peg next week and never does? They all say it's "reliable" sources or I have "friends" but it never is reliable. Also, I think the Iraqis are ripping the United States off if the Dinar pegs at $.31. That means the coke I pay today in Iraq costs me one dollar, will cost me $453.00 after the peg. No way in hell I'm going to pay $453 for a coke. How would they get away with that - charging so much money?

-- November 16, 2005 1:56 PM ∞

skimanvann wrote:

Confused,

The price of goods do not go up. The price of the NID goes up so you will be able to buy 453 cokes when the NID pegs at $.31. I do not think it will peg at that high rate initially but over time the NID will increase in value.

FYI, I do not recommned buying 453 cokes. Trying drinking iced green tea with a splash of honey in it instead.

ski

-- November 16, 2005 2:05 PM ∞

Confused wrote:

How is that possible? If I, like most Americans in Iraq, get paid in U.S. dollars, then the cost will cost me $453.00 dollars. Right now that coke costs 1,460 dinars = 1 dollar. After the peg, they will still charge 1,460 dinars but now I'll need $453.00 to match the 1,460 dinars. That's the point, the price of the NID goes up relative to the dollar.

-- November 17, 2005 8:56 AM ∞

Anthony R wrote:

Look at it like this, if it pegs at 31 cents, instead of that coke costing you 1460 dinar, it would cost about 450 dinar. At least thats what we are hoping for. The cost would still be about $1 US. But the bigger picture here is this... why on earth are you spending so much money on Coke when it sucks so so bad, why not buy Pepsi instead?

-- November 17, 2005 11:58 AM ∞

Confused wrote:

You guys are confusing me even more?!? Why would the coke/pepsi cost 450 dinar rather than 1460? You just state it without an explanation. The current rate is about 1460 IRD = One U.S. Dollar. If the IRD pegs at 31 cents, then that means 1460 IRD = $453.00 dollars. To buy the same amount of IRD (1460), instead of paying one dollar, I now have to pay $453 dollars. Why would anyone in God's green earth pay that much for the IRD? In Iraq, if a coke/pepsi costs 1460 dinars, after the peg, that's $453 dollars. Someone please explain to me why anyone would do anything in Iraq if it everything costs so much - and good luck convincing people to buy your dinars at $453 dollars a pop. I think a more realistic optimistic peg would be $0.00075 dollars which would give about 10% return on investment (not counting transaction fees).

-- November 17, 2005 3:04 PM ∞

Anthony R wrote:

Confused, I think you are thinking more of a revluation of the US dollar rather than the Iraqi Dinar. You are right in the fact that the 1460 NID would cost you $453, but you would be getting equal value as you get now for your money. If it pegs at 31 cents, look at it like this 1460 NID now will equal about 450 NID then. The NID will be what is being revalued, not your US dollar.

-- November 17, 2005 8:42 PM ∞

Confused wrote:

If the coke/pepsi now equals 450 NID (as you state), according to the exchange rate of 1 IRD to 31 cents, it will still cost Americans $139.50 to buy a soda in Iraq - which brings me back to the original question of why would anyone buy anything in Iraq. It just doesn't make common sense.

-- November 18, 2005 4:47 PM ∞

skimanvann wrote:

Guys,

When the IQD dropped in value in March of "03". Many Iraqi Millionaires lost everything because the exchange rate was 3 IQD to 1 US. Now it is 1,470 NID to 1 US. So, these folks need to be brought whole again and the exchange rate returned to the pre war level. Right??

They lost buying power. The goods still cost the same htye will regain their buying power with a much stronger exchange rate.

Ski

-- November 18, 2005 5:47 PM ∞

Anthony R wrote:

Actually that was a flaw in my calculation confused, and I am sorry for confusing you further. The Pepsi wouldn't cost that much, it would cost less.

-- November 18, 2005 8:34 PM ∞

Ziarian wrote:

The New Iraqi Dinar would be worth a lot more if..............
Subsidies were cut. Right now every Iraqi gets free Rice,Flour,Sugar
Cooking
oil,etc AND the big subsidy is FUEL!!! The Iraqi gov. buys what fuel it
can
domestically then imports the rest from outside the country @upwards of
3 or $4
a gallon then sells it for 5 cents this is eating 80% of Iraqi
gov.Money This
was done to keep the entire 25 million people from mass starvation and
to
avoid millions of refugees flooding neighboring countries.
Also 98% of that money is derived from oil sales as that income
becomes
more diversified and the gov. Cuts back on Subsidy's the Iraqi
people.people
will initaily loose purchasing power but gain it back as the DINAR
APPRECIATES !
in value Which is what we are all waiting for! The plan right now is to
cut
subsidy's in 2006 which is when you will see dramatic increase in value
of the
New Iraqi Dinar

-- November 22, 2005 6:38 AM ∞

Shajee wrote:

Ziarian;
Iraq subsidies on food commodities and imported gasoline, is peanuts against the daily export sale proceeds revenue of crude oil in U.S. Dollars. All Opec countries including Iraq, crude oil export sales are pegged to US Dollar.
The daily crude oil pumped is finally converted into US Dollars, it would be correct to say Dollar printing wells not oil wells. Crude oil buying countries are draining out their Dollars into oil producing countries.

United States of Europe with a single currency is trying to peg Opec crude oil export sales proceeds to Euro.

Even if Iraq currency Dinar exchange rate is regime managed, since the crude oil export sale proceeds of Iraq are pegged to US Dollar, you can consider NID is indirectly pegged with Dollar.

-- November 22, 2005 6:03 PM ∞

Anthony R wrote:

In english please Shajee????

-- November 23, 2005 7:44 AM ∞

Bill1 wrote:

Good info Ziarian!

With your comments on the Iraqi Government subsidies (that I had no clue about), you've just shed tons of light on why the value of the IQD has remained as low as it has.

You're right that the government needs to lift these socialistic subsidies, especially now that they're in the process of morphing into a democratic/capitalistic country. By continuing to hold them in place, it would only isolate Iraqis from the opportunities for prosperity that await them.

The people need jobs not handouts! External and internal business are what's needed; manufacturing, fabrication, and assembly plants and the jobs they provide are what the citizens of Iraq need - not a government stipend.

I believe your predicted timeframe of Summer of 2006 for the IQD to appreciate in value sounds about right too.

Bill1

-- November 23, 2005 8:57 AM ∞

RON wrote:

Hi all just a line to say that it is still in the waiting phase on the NID.
All of you keep up the good work on finding and shareing your info on the NID and Iraq.
Good luck to all and Iraq.
Ron

-- November 23, 2005 10:12 AM ∞

Mike wrote:

Interesting,

I am glad I found this forum, it has provided many good articles. As more and more people learn of the potential of investing in Iraq, the better off we will all be.

Good luck to all, Mike

-- November 23, 2005 8:17 PM ∞

Shajee wrote:

Anthony R wrote:
In english please Shajee????

reference my post of 22-Nov-05 in latin, means in english; surplus of U.S.Dollars will result in appreciation of NID.

In the mentime kind read an interesting article "The liberation of the U.S. Dollar in Iraq" at website http://www.teamliberty.net/id199.html

-- November 24, 2005 8:29 AM ∞

JimmyP wrote:

Technical Questions For Those In Iraq or Kuwait:

How much money in USD can one buy bottled water for on a retail level? What size bottle?
Thank you,
Jimmy P

-- November 24, 2005 1:02 PM ∞

Outlaw in Iraq wrote:

OK Gang lets see if I can state this so "everyone" can understand.

If a bottle of water costs $1.00 here in Iraq at the airport now and the IQD opens at $.33 next week, then that same bottle of water will cost me $1.00 and the typical Iraqi 3 IQD to purchase.

There does that make sense??? Understand??? Simple conversions. Nothing here is too complicated. Come on people. Now please move on!

Either buy or don't buy...again nothing is too complicated in this decision. I suggest that "if" you don't have the money to loose then don't risk it. period...nothing too complicated about the situtation...

But...remember I am the type of person who "will" laugh at you and tell you..."WE TOLD YOU SO!"

Outlaw.

-- November 26, 2005 9:47 AM ∞

Paulge wrote:

Hey Outlaw,

I've been watching this post for about a month and must say " You Are The Man!" Keep on keeping us informed. I have 1,100,000 NID and counting

-- November 26, 2005 10:54 AM ∞

Shajee wrote:

If one imported water bottle cost USD: 1.oo = NID 1,470/oo

When ever Iraq currency appreciates Imports of consumers foreign goods will become cheaper, that is you will pay less NID and at the same time for Iraqi cosumer goods exports, international buyers will be paying more Dollars for their imports from Iraq.

When any currency appreciates Imports become cheaper and exports become expensive for international buyers of consumer goods from Iraq.

If NID Appreciate and exchange rate is USD: 1.oo = NID 735.oo, with this exchange rate you can buy 2 imported water bottles for NID: 1,470/oo

When any currency devalues Imports become expensive and exports become cheaper for international buyers of consumer goods from Iraq.

Devaluation and Appreciation of any currency has vise versa effects on cost of goods for imports and exports of that country.

-- November 26, 2005 11:33 AM ∞

Anthony R wrote:

Personally, I think its worth the risk, and I have 4 million NID. It cost me just over $3500 US. I weighed the risk/reward, and thats the figures I came up with. It will hurt like heck if I have to eat the loss, but I am willing to do so. The question is, Outlaw, as you pointed out, you are the type to say I told you so, but are you the type to come here and humble yourself if our calculated risk does not work out in our favor?

-- November 26, 2005 12:57 PM ∞

WhyQues wrote:

Outlaw, I have a question.

Based off of your theory about cost of goods. When the USD lost value against the Euro by aproximatly 40 cents. Why didn't the cost of everything in the use jump 40 percent??? The Euro is a strong currency and would affect foreign markets similar to the USD. And vis versa if the value of the Euro drops against the USD I dont think that bottle of water is going to change in price.

-- November 27, 2005 5:17 AM ∞

Shajee wrote:

WhyQues;

If a shipper/exporter from Kuwait selling goods to Iraqi Importer, Manufacturers (Shipper)cost will be in Kuwaiti Dinar the Kuwaiti shipper can quote in USD and EURO by converting Kuwaiti Dinar in to USD and/or Euro basis on prevailing exchange rate.

Export sale price of Kuwaiti shipper quotes in USD & Euro for the same item will be different depending upon the exchange rate differential between USD & EURO on the day the quotes were calculated.

If Euro appreciate by 40 cents aganist USD, here the importer in Iraq will find USA manufactured goods cheaper then European manufactured good.

If Iraqi importer buying from Kuwait price of goods will remain same either quoted in USD Or Euro for the reason Kuwaiti Dinar and NID will have different exchange rates for USD and Euro.

-- November 27, 2005 1:56 PM ∞

WhyQues wrote:

Of course, however. A business is in it for profit and there for would deal in currency that would exchange at a profit. Even if that ment forcing a high price on a goods even if the exchange rate does not match. otherwise to be profitable the dealer would have to export else were forcing the country that needed the goods to accept the cost.

-- November 27, 2005 6:35 PM ∞

Anthony R wrote:

WhyQues

The exchange rates are there to keep things equal so that the scenario you speak of doesn't take place, for example, a business could not make any more money tradeing with China for example that it could make tradeing with France. The exchange rate equalizes thing. The big deal with the exchange rate of the NID right now is that it is artificially devalued, and many people, myself included, are betting that it will go back up and normalize. Hopefully sooner rather than later. When all nations in the world are tradeing normaly, the exchange rates won't help anyone make any more or less by tradeing with different countries in the world. Hope this makes sense.

-- November 28, 2005 1:51 AM ∞

Shajee wrote:

WhyQues;
Exchange rates of any currency is utilized for different purposes in international market, it depends,in your case I understand you are utilizing exchange rate for trading in currency only. If you have bought a currency just wait for its appreciation.

-- November 28, 2005 9:10 AM ∞

Anonymous wrote:

GOOD NEWS from ASHUR T.V.
We have Full Campaign Coverage for the Elections in Iraq
Election Coverage starts tonight (11/28/05) 10:30pm to 10:30am
Pacific Standard Time on Ashur T.V. Satellite.
Tune into Ashur T.V. tonight on your satellite T.V. or go to:
www.pamtv.us
To watch it live on the internet.
On the top-left side of the pamtv.us website there are 2 columns, APPADANA is the 3rd button down on the right column.
Click on "APPADANA" to watch the show live.
You can also visit www.ashurtv.org to learn more about voting on Rafidain list #740 on December 15th, 2005.
That's only 2 weeks away. Watch tonight at 10:30pm (California Time) for our exclusive coverage.

-- November 29, 2005 4:38 PM ∞

skimanvann wrote:

Gang,

Any movement with the NID in early 2006??

ski

-- December 1, 2005 1:11 PM ∞

Todd wrote:

Thanks Ryan - Hope all is well!
Todd

-- December 2, 2005 1:00 PM ∞

ryan wrote:

todd
all is well thanks

caught me off guard.....

hey im looking into some things ...if you have any leads that are about to go into foreclosure....set them aside and call me...i may have msomething...not sure yet

-- December 5, 2005 12:09 AM ∞

A Fool wrote:

A Fool and His Money has been Parted.
Savings - guaranteed rate of return with very little to no risk, one cannot get rich with savings
Investment - in the long run, percentages are in your favor but there is some risk in losing your principal. 95% of people get rich with investments
Gamble - in the long run, percentages are against you but there is small percentage that you can make a significant amount of money. Overall odds in favor of casinos are usually 2-5%
Fool - people who buy lottery tickets and invest in iraq dinars. The odds of winning the jackpot in powerball is about 1 in 137,000,000. The odds of getting hit by lightening is 1 in 1,000,000. The odds of the Iraqi dinar pegging at 33 cents is about the same as the lottery odds. Save your money and invest it in some index funds - or if you insist on wasting your money, at least give it to some worthy charity. Think about it, would the U.S. ever allow Iraqis be million/billionaires overnight? If people who buy dinars in the states will become rich, the Iraqis who have all their currency and savings in dinars would be able to buy U.S. shopping malls, skyscrapers, vacation homes in Florida, and the Brooklyn Bridge. DO THE MATH! This will never happen. After the peg is announced, just hope that the dinar doesn't lose 50% of its value. The best hope in the next five years is it holds at 1460-1470 dinars to a dollar - barring a total collapse of the government from three different ethnic groups that hate each other (i.e. Croatia, Serbia, Kosovo, Bosnia). Knowing is half the battle.

-- December 6, 2005 10:02 AM ∞

Kandahar Guard wrote:

Was wondering if anyone had any new information on the Dinar. Being in Afghanistan, i really do not have much of a chance to look for new info that often. Thanks for your help!!!

-- December 6, 2005 12:13 PM ∞

HMMMMM wrote:

A Fool,
Just a thought. If your even on this site and have a opinion, this must mean you too are an investor. If your not, why would you go internet surfing about dinars if you did'nt have a vested interest in it pegging. Unless you don't have a life. Something that makes you go HMMMMM...

-- December 6, 2005 6:54 PM ∞

A Fool wrote:

No, Hmmm, not an investor. But have a friend who has invested pretty much his whole life savings in this. Just wanted to see how he had fallen into this pipe dream. Seems like the only people that are going to make money off of this are the dinar sellers. I bet half the people posting these outrageous claims of being millionaires are dinar sellers. Hmmmm, are you a dinar seller? - not that you would admit it. The only charge I have for the people reading the boards is to get information from credible sources - not internet boards where people have "inside friends that know". Read newsreports and especially well-known financial sites and they will all tell you the same thing. Now I will ask you Hmmmm, what possible alternative interest would I have for posting? Am I asking you to buy something? Everyone and their mother is selling dinars (which should tell you something right there). And what are your reasons for questioning my post? Do you have an interest that you wish to protect (like trying to get more suckers to buy dinars)? Your response to this post should shed light to everyone reading this . . . Hmmmmmm.

-- December 7, 2005 8:02 AM ∞

Bill1 wrote:

Dear Fool,

There two kinds of speculators: Those that do so within reason, and those that put all their eggs in one basket, and then hope and pray the basket remains intact.

Sounds like your friend is the latter type, and I hope for his sake his life isn't ruined by impetuousness.

Myself, and many other dinar investors, merely say an opportunity to make some money and took the chance.

If I loose all that I have invested in the IQD it doesn't phase me any - I didn't invest my life savings, etc, into IQD futures. But, on the other hand, if I even make a small profit from this venture then, I will consider it worth it.

The excitement for me is to see all of this play out. Underdogs do come through from time to time. And, the Iraqi people and their natural resource laden country, are an underdog I don't mind betting on.

Good luck to all IQD investors.

Respectfully,
Bill1

-- December 7, 2005 12:51 PM ∞

skimanvann wrote:

Fool,

You are saying the NID will not increase in value? Should I sell my Dinars on E-Bay?

The Dinar was valued a $.31 per USD about three years ago. Many Iraqi citizens lost everything when the Dinar devalued to 1460 per USD. Why do you think giving back what these Iraqi people had prior to the war does not make sense?? I think we will ramp up to that conversion over time but we should begin seeing NID appreication in 2006.

The elections are next week and the new year should bring good news for NID investors.

Please post links to sites stating where the NID will be in years to come. I am curious to read about it.

Thanks!

Ski

-- December 7, 2005 1:31 PM ∞

A Fool wrote:

The Dinar was valued at $.31 per USD about three years ago, but it was pegged by Saddam Hussein. The dinar was not internationally traded at that time and the only exchange rate that this was valid for was in Iraq and only for Saddam and higher officials. Just doing a little RESEARCH will reveal this fact. Iraq in 2002 was in the middle of a trade embargo and its people were starving. Real inflation was through the roof. Also, look at the dinars in your hand, it doesn't have the face of Saddam on it does it? The value of the money is based on the government supporting it now, not what it was artificially worth three years ago. Instead of calling it dinars, they could have called it pesos or Best Buy bucks. As of now, the NEW IRAQI DINAR is pegged at 1460 per dollar. What possible reason would it peg higher? If anything, the Iraqi government has kept it artifically high because that helps their economy (they can't keep it too high because the drop after the peg would be too harmful). That is why the dinar will drop in value once it is open to the free market. Who knows, maybe after the U.S. pulls out they will change the currency again - then what will you do with all those dinars sitting in your closet? I guess cash them in at a much reduced rate back to dollars or to the new dinar (and pay a double digit commission) But don't listen to me - DO YOUR OWN RESEARCH. Currency trading is very risky and unpredictable - so the question is, why are so many people going into this without a clue of what they are doing? Just like in everything else, its the fools that lose their shirts.

-- December 7, 2005 1:58 PM ∞

William J Torres wrote:

Naysayer!

-- December 7, 2005 2:11 PM ∞

A Fool wrote:

Here are some sites talking about the Dinar. Please list reputable sites showing that the dinar will peg at $.32, or one dollar, or one euro, or one million dollars. (the point being, how can anyone predict the exact peg, its impossible, else we all be rich!)

http://www.newsline.com.pk/NewsFeb2004/economy2feb2004.htm

http://www.usatoday.com/money/world/2004-08-03-dinars_x.htm

http://www.xe.com/iqd.htm

http://www.rgemonitor.com/blog/setser/91266

http://www.wired.com/news/business/0,1367,64565,00.html?tw=wn_story_related

-- December 7, 2005 2:14 PM ∞

Michael wrote:

You can lead a horse to water.......

-- December 7, 2005 2:34 PM ∞

Bill1 wrote:

I had a fairly good reply for Mr. Fool the other day, but it never got posted.

So, I'll try again...

Dear Mr. Fool,

The majority of us that have invested in the IQD did not invest our life savings. We did our "homework" and simply took an amount of money we felt comfortable gambling with and decided to take a chance on the future of the Iraqi Dinar.

We don't need to have the riot act read to us because someone's perception of our IQD investment doesn't seem to make sense to them.

I read where your issue with the IQD stemmed from a friend of yours going out and investing more than he probably should have in the currency. Well, under those circumstances, and for his/her sake, I hope things go their way.

But, for me I don't loose sleep over whether the dinar moves left or right, because I invested at a level that worked for me.

The truly interesting thing for me is seeing all of this play itself out. And, for that [if it all goes to hell in a handbasket] it will have been worth the price of admission.

Respectfully,
Bill1

P.S. If I were you, I'd at least try and own 1/2 to 1 million IQD, just for the sake of argument.

-- December 8, 2005 2:47 PM ∞

Cash wrote:

Its called economics. Inflation being the main player, everything will be relative. If the Dinar appreciates, the value of goods in Iraq will increase as well. It's not going to happen over night, but the Iraqi Dinar will appreciate over time. Take Kuwait for example, alot of non-wealthy people (why nephew is one) started to buy Kuwaiti Dinars during the brief Iraqi occupation. It took over ten years but look at the Kuwaiti Dinar now. They're 3 to 1 US. But they cant buy much in Kuwait, everything is friggin' expensive. I dont sell dinars, have thought about buying them though. It could go both ways, but no one should be ivesting their life savings, it is a big risk.

-- December 9, 2005 2:21 PM ∞

Outlaw in Iraq wrote:

OK gang...I've been sitting back and been reading the mail for the last few weeks and have been hoping to see something intelligent cross my screen...

I'm not the sharpest tool in the shed by no means but my edge tells me that the Country of Iraq can not be compared to any other country in history...as in terms of rebounding from a war or a devistating financial situtation, as seen here.

Yes, Iraq is different from Mexico, Afghanistan, Kuwait, and other countries who have had to revalue their currency in the past and can not be compared to them today. I base my logic on several reasons of which I shall go into...

1. This Country (Iraq) happens to be sitting in a region of the world that all free countries have been wanting to get a foot hold in for many many years, and because of the religous believes and out right hate towards western attitudes we have been kept out. The only way to disprove the current attitudes within this region is to insure that Iraqis have a higher standard of living, and make Iraq a more profitable country for Arab and International Companys to do business with, inside and outside the borders. Greed is a major factor within the Arab culture just as it is in all cultures. Pure profitability will push Iraq into a superpower within this region of the world..."BUT"...the deciding factor will be how reliable the new government is...not the stability of the country as many have stated. Doing anything to distroy the confidence of future investors and undermining any concerns that business might have inorder to relocate into Iraq, would be detremental for Iraq for many years to come, not to mention...who would want to accept IQD for goods and services if there is a constant threat of a devaluation or replacement of the IQD? In terms of Greed...it would not benefit anyone...Sunnis, Shiites, and Kurds alike. This is something that the free world and the United States will not allow to happen because the cost already encounted in this war is way to tremendious to walk away from now.

We my friends, are here to stay, and nothing...nothing is going to remove our presence from the region. Within time and apeasing the Arab taste for greed...the country will move forward. The fighting going on within the country right now is all about greed....power and money...they are killing us and themselves over who is going to control all of the power and wealth. Soon they will come together and realize that there is enough for all and things will settle down.

2. Maybe the previous rate of the IQD was set by Saddom...I don't know but there is one thing that I am sure about... The coalation must set a value that is somwhat better to what was previously set simply because of item number one...greed...the Iraqis are going to be looking at everything we offer them including the value of their currency. Do you think it is good for us to invade Iraq...re-establish a new government...rebuild their country...revise their banking system...and have the value of their currency lower than what it was under Saddom? I think not.

For those of you that like to research facts...check this out... Several large companys and individuals have purchased extreamly large amounts of IQD...could they have been possibly Donald Trump, GM, Coca-Cola and the US Government??? For over $100 million USD each... If so.... Why would they do that??? Maybe they had too much money and decided this would be a good way to reduce their net worth... Hummmmmmmmmmm....

I have been in Baghdad for quite awhile now and I have heard all the rumors. This is the latest running around the Green Zone... Will open after election in January at somewhere between 3 to 4 cents. I know it will open low and go up from there...but who knows where.

I am trying to figure out why someone who is steadfast aginst investing in IQD would spend their time telling everyone else they are waisting their money??? The only one that I can see who would benefit from someone NOT buying would be the Iraqis themselves....Sounds like the fox might be in the chicken coop my friends.... I take that as a good sign... how about you???

Regards to all,
Outlaw

P.S. To all my buds in the thick of it... Having a great time in Pattaya Beach and hate to say it but... I miss ya all! Keep your heads down...I'll toss a cold one back for each and everyone tonight.

-- December 10, 2005 4:01 AM ∞

okie wrote:

Hey Outlaw....
Glad you're having a good time in Thailand. I don't know what you're drinking but keep it up because your comments on the Dinar were spot on in my opinion.
PS- I have my spot picked out in Phuket.
Take care.....Okie

-- December 10, 2005 10:42 AM ∞

BOB wrote:

OUTLAW:

GLAD TO SEE YOU BACK. YOUR POST SHOWED ABOUT AS MUCH INTELLIGENCE AND INSIGHT OF THE SITUATION IN IRAQ AS I HAVE SEEN.

I HAVE BEEN VISITING THE OTHER SITES SINCE T&B HAS BEEN ON THE DECLINE AND HAVE GOTTEN A LOT OF VALUABLE OPINIONS AND SPECULATIONS, BUT WHAT WE HAD ON THE T&B WAS SUPERIOR TO ANYTHING I HAVE READ.

I STILL ASK SARA AND CARL TO COME ON BACK AND AT LEAST POST OCCASIONALLY AND I BELIEVE THAT THE T&B WILL REVIVE TO SOME DEGREE.

FROM WHAT I FIND ON THE OTHER SITES IS THAT THE DINAR IS STILL VIABLE AND WILL RV (TO USE THEIR TERMS) AT A RATE THAT WILL BE PROFITABLE TO ANYONE HOLDING THE DINAR. SO KEEP THE FAITH AND MAYBE AROUND JANUARY 06, WE WILL SEE SOME KIND OF ACTIVITY.

BOB

-- December 10, 2005 7:51 PM ∞

Outlaw in Iraq wrote:

Well gang... Let the games begin.... The elections have now started...We are now down to the nitty gritty of our financial futures... Best wishes to all.

Outlaw

-- December 12, 2005 1:32 AM ∞

Outlaw in Iraq wrote:

Well gang... Let the games begin.... The elections have now started...We are now down to the nitty gritty of our financial futures... Best wishes to all.

Outlaw

-- December 12, 2005 1:38 AM ∞

skimanvann wrote:

outlaw,

Thanks for taking the time to present your thoughts. I agree 100% with your outlook. Greed will drive the NID higher. The wealth in Iraq is enormous and once they figure that out and start working together as civilized human beings we will all prosper.

Happy Holidays!

Ski

-- December 12, 2005 10:27 AM ∞

RON wrote:

Hi all
Outlaw great to hear from you again as always.We are about to wittness a great movement in this world we live in,there in Iraq.
Hey NID gang the train is still on the tracks.
Good luck to all and Iraq.
Ron

-- December 12, 2005 11:06 AM ∞

Tyler wrote:

Hey Outlaw,

Good to see ya...I just got back from Camp Victory myself not too long ago. I'm a contracting specialist for the Air Force, which means I am one of the ones awarding the reconstruction and services contracts to the locals. We've just recently stopped dealing with USD and are now paying the locals in NID! This is significant in the fact that the locals have enough confidence in their own currency to start dealing exclusively in it. There is a lot of crap in the media, but no one sees the good that we are doing over there...Outlaw you can probably attest to this, that they are making leaps and bounds over there (with our help). Can you imagine if we just picked up and left? do you guys have any idea how many weapons caches and munitions would be at the terrorists disposal today? If you don't believe me, ask a local. They'll tell you there was a time when it was much easier to get their hands on any gun of their choice...there is still a black market, don't get me wrong, but then again we have one here in the US ;]

My point is...don't give up hope. Everything I've said supports Outlaw's perspective...take it from one who's been there...not from some four-eyed pimple faced liberal who works for CNN.

Peace!

Ty

-- December 12, 2005 3:02 PM ∞

larry wilson wrote:

all I, can say is that- this looks to be about the best evidence to support the IQD to date td11/16/05 on web player. Go dinar go!!!

-- December 12, 2005 5:40 PM ∞

sherry wrote:

Hii all guys out here...iam a regular member of this discussion board.
as for guessing the value of ID before the American invasion like the "A fool" said in his post that the
previous value was set by Sadam regime was totally wrong and incorrect, i live in Pakistan and i use
to buy and sell Old ID every alternative months, the old ID has rate between 1 - 1 1/2 cents (between the years of 1995-2000) it was even went to near 15 cents in 1999( i know cause i sold at that rate), I sold all of my OLD ID at a rate of 0.012 cents / per ID in 2002, so the value will definitely increase.
one more thing that you guys might forget is that when it was sadam regime in power their where TWO types of ID in circulation (one for Kurd and other for whole Iraq) and the value of both of them was not same, they had a huge difference.
1 Kurd ID valued at that time = .03 cents
(and it was all during the economic and other sanctions on Iraq)
and when the new ID came the Kurd also changed their old currency at the same rate of other ID, so it means that they had face greater lose then the others.

comments welcome!!!!!! and sorry for poor English tata