Comments on: Iraq passes election law and makes major banking advances http://dinarspeculation.com/2009/11/09/iraq-passes-election-law-and-makes-major-banking-advances/ Info and news on the explosive potential of the IQD! Sat, 19 May 2012 16:24:14 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: Mike http://dinarspeculation.com/2009/11/09/iraq-passes-election-law-and-makes-major-banking-advances/#comment-1428 Mike Tue, 08 Dec 2009 15:23:45 +0000 http://dinarspeculation.com/?p=455#comment-1428 Adam thanks for all you do! 1. Are they registered? Trading Iraqi dinars is not always legal. Make sure the source you are buying from is registered with the US Treasury as a money service business. This is required to sell dinars legally in the United States. What happens if the RV happens? I did not buy through a bank but a private party who did buy through Chase Bank in NY. Do I need to register with the Treasury Department before I could trade them, or can that all be done when I sell them. Thanks... Mike Adam thanks for all you do!

1. Are they registered?
Trading Iraqi dinars is not always legal. Make sure the source you are buying from is registered with the US Treasury as a money service business. This is required to sell dinars legally in the United States.

What happens if the RV happens? I did not buy through a bank but a private party who did buy through Chase Bank in NY. Do I need to register with the Treasury Department before I could trade them, or can that all be done when I sell them.
Thanks…
Mike

]]> By: chuy http://dinarspeculation.com/2009/11/09/iraq-passes-election-law-and-makes-major-banking-advances/#comment-1114 chuy Thu, 19 Nov 2009 01:10:29 +0000 http://dinarspeculation.com/?p=455#comment-1114 Adam Keep the good news coming its all goodd Adam Keep the good news coming its all goodd

]]> By: tony mc connell http://dinarspeculation.com/2009/11/09/iraq-passes-election-law-and-makes-major-banking-advances/#comment-1101 tony mc connell Wed, 18 Nov 2009 16:56:49 +0000 http://dinarspeculation.com/?p=455#comment-1101 thank you....all news ,good or bad is a good thing thank you….all news ,good or bad is a good thing

]]> By: Election Law Vetoed by Iraqi VP | Iraq Dinar Speculation http://dinarspeculation.com/2009/11/09/iraq-passes-election-law-and-makes-major-banking-advances/#comment-1096 Election Law Vetoed by Iraqi VP | Iraq Dinar Speculation Wed, 18 Nov 2009 16:25:34 +0000 http://dinarspeculation.com/?p=455#comment-1096 [...] you’ve been keeping up with my blog, you’ll remember a recent article that talked about the Kirkuk territory dispute. This dispute is largely centered around the Sunnis, which is also thought to be the majority of the [...] [...] you’ve been keeping up with my blog, you’ll remember a recent article that talked about the Kirkuk territory dispute. This dispute is largely centered around the Sunnis, which is also thought to be the majority of the [...]

]]> By: Iraq passes election law and makes major banking advances | Iraq … | Iraq Today http://dinarspeculation.com/2009/11/09/iraq-passes-election-law-and-makes-major-banking-advances/#comment-1033 Iraq passes election law and makes major banking advances | Iraq … | Iraq Today Fri, 13 Nov 2009 13:20:42 +0000 http://dinarspeculation.com/?p=455#comment-1033 [...] Excerpt from: Iraq passes election law and makes major banking advances | Iraq … [...] [...] Excerpt from: Iraq passes election law and makes major banking advances | Iraq … [...]

]]> By: Philip Chege http://dinarspeculation.com/2009/11/09/iraq-passes-election-law-and-makes-major-banking-advances/#comment-1028 Philip Chege Thu, 12 Nov 2009 15:26:17 +0000 http://dinarspeculation.com/?p=455#comment-1028 As per economic theary, revaluation of currency requires excess of funds compared to balance of payments. Iraq is in a severe debt and as I presume, it needs a lot of time to reach into that position unless other creditors (to countries whom Iraq owe) right-off the debt. Considering the massive oil wealth of Iraq, it may take only a few more years for its economy and cashflow to reach to such a healthy position where in it can consider for a revaluation. Again that cannot be to such an alarming rate. Only gradual. So, investment in Iraq Dinar is not risky anymore, but not profitable as well. Comparison of Kuwait Dinar and its revaluation after the war cannot be taken as an example in the case of Iraq. Thanks As per economic theary, revaluation of currency requires excess of funds compared to balance of payments. Iraq is in a severe debt and as I presume, it needs a lot of time to reach into that position unless other creditors (to countries whom Iraq owe) right-off the debt. Considering the massive oil wealth of Iraq, it may take only a few more years for its economy and cashflow to reach to such a healthy position where in it can consider for a revaluation. Again that cannot be to such an alarming rate. Only gradual. So, investment in Iraq Dinar is not risky anymore, but not profitable as well. Comparison of Kuwait Dinar and its revaluation after the war cannot be taken as an example in the case of Iraq. Thanks

]]> By: Doug http://dinarspeculation.com/2009/11/09/iraq-passes-election-law-and-makes-major-banking-advances/#comment-1020 Doug Tue, 10 Nov 2009 20:28:08 +0000 http://dinarspeculation.com/?p=455#comment-1020 Sounds good! Bring it on! Sounds good! Bring it on!

]]> By: William N. Gaillard http://dinarspeculation.com/2009/11/09/iraq-passes-election-law-and-makes-major-banking-advances/#comment-1018 William N. Gaillard Tue, 10 Nov 2009 17:35:18 +0000 http://dinarspeculation.com/?p=455#comment-1018 This is a loosely-translated, recent post from MrDinar.com "Solagh: the decision to lift the value of the Iraqi dinar was the result of valuable studies. "قال وزير المالية باقر جبر صولاغ ان الدينار العراقي يشهد تحسنا ملحوضا خلال الفترة الحالية. "Finance Minister Baqir Jabr said the Iraqi dinar has been improving Mlhaudha during the current period. "وأضاف صولاغ ان التذبذب الحاصل في السوق المحلية يعود الى بعض الاشاعات التي تثار من اجل عرقلة هذا التحسن . "He said the Bayan fluctuations in the local market due to some rumors that have arisen to block this improvement. "موضحا ان قرار البنك المركزي العراقي في رفع قيمة الدينار العراقي امام العملات الاجنبية هو قرار صحيح وجاء نتيجة دراسات قيمة تهدف الى رفع القيمة الشرائية للمواطن العراقي قبل كل شيء . "He explained that the Iraqi Central Bank's decision to raise the value of the Iraqi dinar against foreign currencies was correct and was the result of valuable studies aimed at raising the purchasing power of the Iraqi people above all else. "مشيرا الى ان خطط الوزارة استوعبت كافة البرامج المستقبلية في الميزانية لهذا العام من اجل تحريك الاقتصاد العراقي بالشكل الصحيح. "He pointed out that the Ministry's plans absorbed all future programs in the budget for this year to move the Iraqi economy properly." This is a loosely-translated, recent post from MrDinar.com

“Solagh: the decision to lift the value of the Iraqi dinar was the result of valuable studies.

“قال وزير المالية باقر جبر صولاغ ان الدينار العراقي يشهد تحسنا ملحوضا خلال الفترة الحالية.

“Finance Minister Baqir Jabr said the Iraqi dinar has been improving Mlhaudha during the current period.

“وأضاف صولاغ ان التذبذب الحاصل في السوق المحلية يعود الى بعض الاشاعات التي تثار من اجل عرقلة هذا التحسن .

“He said the Bayan fluctuations in the local market due to some rumors that have arisen to block this improvement.

“موضحا ان قرار البنك المركزي العراقي في رفع قيمة الدينار العراقي امام العملات الاجنبية هو قرار صحيح وجاء نتيجة دراسات قيمة تهدف الى رفع القيمة الشرائية للمواطن العراقي قبل كل شيء .

“He explained that the Iraqi Central Bank’s decision to raise the value of the Iraqi dinar against foreign currencies was correct and was the result of valuable studies aimed at raising the purchasing power of the Iraqi people above all else.

“مشيرا الى ان خطط الوزارة استوعبت كافة البرامج المستقبلية في الميزانية لهذا العام من اجل تحريك الاقتصاد العراقي بالشكل الصحيح.

“He pointed out that the Ministry’s plans absorbed all future programs in the budget for this year to move the Iraqi economy properly.”

]]> By: WDMCB http://dinarspeculation.com/2009/11/09/iraq-passes-election-law-and-makes-major-banking-advances/#comment-1017 WDMCB Tue, 10 Nov 2009 14:09:22 +0000 http://dinarspeculation.com/?p=455#comment-1017 Hold it! I can't imagine the US/Iraq contracts being paid with the dinar at the current rate of exchange. It would not make sense. I would think that they, indeed, would wait for the Banks to prepare by establishing a foundation before paying in dinars. UNLESS, the US knows that it will be cheaper to pay NOW rather than after the anticipated "RI"! Someone help me with this, please. Question: Would an "RI" DEvalue the US dollar to even a lower amount than it is now? And, what will China do to, stratigically, deal with the USD if an RI takes place? We know that the US dollar is currently on shaky ground relative to it international value. Also, the IBX going digital means that processing stock purchases and payouts will be handled fast and safe which we will all be anticipating. Hold it! I can’t imagine the US/Iraq contracts being paid with the dinar at the current rate of exchange. It would not make sense. I would think that they, indeed, would wait for the Banks to prepare by establishing a foundation before paying in dinars. UNLESS, the US knows that it will be cheaper to pay NOW rather than after the anticipated “RI”! Someone help me with this, please.
Question: Would an “RI” DEvalue the US dollar to even a lower amount than it is now? And, what will China do to, stratigically, deal with the USD if an RI takes place? We know that the US dollar is currently on shaky ground relative to it international value.
Also, the IBX going digital means that processing stock purchases and payouts will be handled fast
and safe which we will all be anticipating.

]]> By: brenda http://dinarspeculation.com/2009/11/09/iraq-passes-election-law-and-makes-major-banking-advances/#comment-1016 brenda Tue, 10 Nov 2009 13:47:57 +0000 http://dinarspeculation.com/?p=455#comment-1016 Thanks for the info. I am excited to see what 2010 will bring for the value of the dinar. Thanks for the info. I am excited to see what 2010 will bring for the value of the dinar.

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