Iraq Dinar Speculation

Hi Adam:

I have one question do you think there will be a time limit placed on getting the 25000 dinar notes in?

Hi Adam,
Thanks for the information. I have two questions:
1. Is there a level of wealth (GDP) that Iraq needs to achieve before an RV?
2. As I understand it Kuwait was in the same process in the early 90’s, can you tell us how their RV progressed?
Thanks

Thanks for the question Larry. That will be in the eBook, make sure you’re on the email list.

Adam, do we need to have proof of where we bought the dinar from and what will happen if we don’t?

DO you recommend opening a Warka account? How do you think the Dinar will be exchange for US currency if and when it RV’s? Will the larger notes have a lower rv and a time frame in your opinion?

Thanks

Steve

Hi Adam – Once the RV is in place, what detailed steps do we take to exchange, and how do you get the best rate, (assuming banks will offer a different rate not equal to the RV)? What about taxes? I guess my question is a somewhat long one – sorry!! Thanks for all you do! Much appreciated!!

When the time comes to sell our Dinar, where will be the best place to do so, meaning where would one experience the cheapest commission for converting the Dinar into USD?

What Banking institutions will cash in the Dinar? In Idaho and they are all saying they are not cashing anymore dinar as of two weeks ago. Where do we go?

how many banks have de la rue machines and where are they located? amI going to have to travel outside the Midwest to cash in my dinar? Will we be able to trade large bills for smaller bills if we’d like to? I’d like to give some to friends & relatives but not in the large denominations I currently have.

Will we be able to exchange the dinar in the US when it revalues? If so, what banks will be exchanging the currency?

Adam,
I think having a page with all of the acronymns and what they stand for with a brief description. They have many newbies who may not understand many of these things.

Adam:
Please address the benefits of holding currency, getting involved in the ISX and opening up an account in one of the banks. Does it matter whether we hold our currency or open an account over there and send in our bills for deposit? How difficult or easy will it be to actually exchange what we have in our possession?
I personally bought 250 notes as I was told they would be much easier to deal with after a Reval. Cost me more but the logic was sound.

Thanks for your work and all the information.

ADAM,
Thank you for all the help you have already given me, now I hope you can help me with this question. Do you think cashing in all of my dianr at once is a good move or would you suggest cashing in enough to pay everying off and waiting for the value to increase over time? So will the IQD increase in value after the RV.

Great questions so far, and I’m confident I’ll be able to answer them all in the eBook.
.
Keep them coming!

If it revalues will the Dinar that we have still be a good currency or will they print out new money?

Adam,

Initially I thought the invasion was to insure the oil transactional currency was the USD and not the Euro. Now I’m thinking the end game was to bail the US out of their debt by holding vast IQD that will RI/RV and there presence ensures its not connected to the euro but the USD. A WIN WIN situation except for the minor inconvenience of the collateral damage of the canon fodder of the pawns.

Please comment

Adam, I would like to know what banks in canada will be exchanging the dinar and if there are none then which ones in the USA, also I unerstand that you can only have so much currency on you when you cross the border and that maximum is a far cry from what someone would be tring to convert. I don’t know the amount and would like to know.
Thak you for listening

Adam -

A couple of questions:

1. What determines the value of a nations currency?

2. How does Iraq’s currency/economy compare to other countries’ currencies/economies?

3. How much (amount) of dinars have been printed by the Iraqi gov’t? Is that relevant?

4. Can there be any comparisons to the recovery of Iraq’s post war currency compared to Germany’s or Japan post war currency?

5. What makes people think that Iraqi dinars will revalue/re-instate overnight?

6. Are there forums that are sponsored by currency dealers like DinarTrade? If so, which forums?

7. Exactly who or what determines the exchange rates for the Iraqi dinar?

8. Although I really like your website Adam and you appear to be the most grounded, what is your
background/education/training regarding currencies like dinar?

9. What is the background/education/training of SF Medic and Frank 26 and etc?

BY THE WAY, I WILL CERTAINLY BUY YOUR BOOK WHEN AVAILABLE.

Adam, I’m thankful I found your site. You have built a large network with some good people on here. After the dinars revalue and they will, will we be able to join you on the next currency investment such as the dong? Also will it still be on Dinarvets?

David, see here: http://www.dongtalk.com
.
Mike, I will include the majority of your questions in the eBook. It will be free.
.
Lots of good questions. Keep them coming!

Can iraq get out of chapter 7 without an RV/RI, if no why not?

Could it be that there is no intention for the dinar to go on the forex, the arrangement is just for Iraqi’s to be able to trade on the forex through the TBI?

There has been a lot of discussion on how an RV could take place in Iraq, so many Iraqi’s would become instant millionaires, how is this possible and how would any substantial RV work for the Iraqi citizens?

Thanks Adam, keep up the good work.

Adam,
Do you beleive a large RV will happen without a LOP? Why or Why not
Why would the Dinar not either be cut loose on the Forex or have a slight Revalue and then go live on the forex and have market stabilize more slowly than an overnight RV

Dear Adam,
I keep reading that economists say it will revalue for x amount. Who are they and what info are they basing thier desicions on? It’s all so vague, can you put what hard data there is available in one place with source links?

Paul

adam how high will the dinar reach?
any spec on when it will mature?

Great questions!! All seem to be the same ones I was going to present. I guess the ebook will be the best source for answers and future reference.
Please let me know when it will be available.
Thanks

one more.. sorry… I’m concerned about having the larger dinar bills (10K and 25K), and it making it difficult to exchange. Should I break up these large amounts into smaller amounts, and if so, where can I do that?

It would be great to explain the entire process of revaluation.

Who initiates the process?

Who approves the revaluation?

How and when are the RVs made public?

There are many gaps in my question, but understanding the process start to finish would make this process much easier to follow.

I think that some of the prediction talk has been fun to read, but I can’t imagine any news regarding an RV being leaked. A leak of this magnitude would be like receiving the WSJ one day early, which is not going to happen.

Who did handle the Kuwait RV was it the CBK or the IMF?I know there currency did not RV until all troops where out of there coutry.Then it took 9 monthes to regain it’s vaule from .10 to 3.45.

Hi Adam:
My question is after the “RV’ or “RI” occurs and cash in begins, at the present time most banks that are being use for cashing in,people will be using an non-interest bearing accounts to open accounts. Presently these special accounts agreements with the FDIC will terminate on Dec. 31st 2009 and these banks do not have the intention of extending these special accounts thru June 30th 2010. How will your money be protected in the bank after the 31st of Dec 2009,since after that date you are only protection up to $250,000. I realize that this non bearing interst account is a temporary account until you decide how to move your money either to ” CDARS” accounts or other investment at other financial institutions.

Once Again Hi Adam:
I have another question. If the “RV” or “RI” comes out in a spread as many have mentioned. If it RV’s 3.27, spread being .40 government, .40 banks, 2.47 us. Why must the banks cashing in charge between 1%-5% for service charges being that they will receive .40 of the “RV”?
Thanks

What is the IDX?

Oops! What is the ISX?

How do we get on your list for the E Book on Dinar?

Hi Adam,
Throwing several questions here;
Would Chapter 7 (ban) penalties of the Security Council (if ever lifted) have immediate impact on the Iraqi Dinar, its trade and IMF recognition policy to their currency?
When Security Council discuss this agenda?
And what is your foreseeable view on this issue?

Hey Adam,
Can you explain, when the Dinar RVs where does the money come from to pay the millions of Dinars that people have purchased? It seems that when people cash them in it’s going to be a huge drain on Iraqs financial stability. Does this make sense?

We have a question. In Colorado we have contacted several banks and brokers to find a place to tun in our dinar. We have had no luck as we are being told they do not deal in dinar. Where can we turn this in when the RV happens?

Hi Adam,

My question is one that I can’t believe no one else has yet asked; and that is how can we find out about how we will be taxed in Iraq, America or otherwise once we cash out our Dinar. Very Important thing to know I think. Thank you Adam !

If you trade the dinar in for gold with Dinar Trade and hold on to it for more than 1-year will the investment turn into a long term capital gain? My understanding that a rule was changed in 2007 or 2008 making all gains from currency exchanges taxable at the personal income tax rate and you are not able to claim the 15% long term gain rate on the currency.

Letter from CBI – November 18th 2009
Mr. Vxxxxxs,

Apologies for the extended delay of this reply. Thank you for your inquiry regarding the revaluation of the Iraqi Dinar. Currently we are not told what is discussed behind closed doors, but I can say that there are plenty of rumors amongst bank employees regarding a revaluation of the currency. We are not sure when this will happen, since there is a long list of procedures before this can be accomplished.

We here at the CBI are excited of the rumors at the moment. There have been many meetings here throughout the month of October and November with government officials, which can really only mean one thing, a revaluation is in the works.

I can only think of the possibilities for Iraq once the currency is worth something to the people of the world and we here in Iraq are able to travel and trade freely amongst the international markets.

This is the only information I have, sorry I could not be more specific with the information you had requested.

Kind Regards,

Al-Bin Ra*****d

Customer Service
cbi@cbi.iq
+964-1-8165170

If the Dinar does not Revalue or the old value is not Reinstated.. will I still be able to exchange the current IQD that I have into an Iraq-based company for profit? or Does the UN Chapter 7 make the RV/RI more difficult to happen? I know you have answered these but I have people asking me these type of questions and thought I would defer to you… for a new response.. thanks!

Hi Adam,
A few things:
1. It would seem to reason that most banks will begin dealing with the Iraqi dinar once it RV’s, or starts trading internationally. Which ever comes first. Seems most people seem to think they will be walking out of a bank or institution with a briefcase full of money. Isn’t it more realistic to exchange the currency for a bank deposit or wire transfer into your account. In this case the size of bills wouldn’t make a difference. We wouldn’t want to create a run on the banks.
2. Is it true that Ali has opened a bank here in the US? If so, where is it located and what is it called?
3. Is the Iraqi Dinar expected to follow a similar appreciation pattern as the Kuwaiti Dinar? Where can I find a graph of its appreciation?
Thank you for your information and looking forward to your E-book

Hi Adam, for those of us in UK, do you have any info regarding tax, banks, or any of the stuff you may know of that would be useful that applies to us here. Any sites or links perhaps.
Thanks for your efforts in keeping us informed.

adam,will iraq do away with th 25000 dinar note if to many people in invest? what u.s. banks carry the dinar to buy?

When will dinar for dummies (DFD) come out?

Good Morning from Virginia,

We have a dedicated group of followers here in Virginia who appreciate your continual updates and concerns with what’s happening in Iraq. The dinar RV will have to take place for their own security and future world relations. We just have to be patient due to the constant turmoil and upheaval the country is in. Just wanted to say thanks for all you do to help those novices who tune in just to throw rocks at the forum. Keep up the good work!!

What affect will the recent bombings have, will this be a minor setback?

Look forward to your thoughts on the forum. How do we set up a Warka account or would it be a better idea to cash in with Ali and what kind of access would we have if we were to use him.

Have a great day Adam…

Bob Lowman

you really think iraq will exchange all the 25000 bills and make us multi’s when they rv?

Adam, it would seem that Iraq will take a course of action to keep most of the Dinar value, at RV. I’m wondering if an amount up to .10 will be more in line with a time limit to cash in the 25,000 Dinar notes. This would bring all the large notes back to Iraq before they increase to a value more in line for their Oil based ecomony. Your thoughts…

* What to do with the money when it comes in, i.e. talk to a lawyer, what type of lawyer, financial planner etc.
* How to best protect my investment from the government or family
* Best websites to monitor. Links
* Possible good places to invest in Iraqi growth.
* Definitions such as RV, LOP etc.
* All the important facts and links on how to open an account in Iraq.

Hi Adam,
I just found your blog and you have great info on here, wow! Ok just a few things:
1) To ‘cash in’ on the Dinar RV do you need to have an account in a bank overseas or being that it will be traded on forex, will the exchange be available at your local bank simular to buying euros for a vacation that you are planning?
2) If everybody were to rush in on exchanging the Dinar will this cause the value to tumble?
3) Last but not least, THE TAX MAN. What would the reqirements be in the USA. You are exchanging money from one value to another, but there has to be some sort of obligation to the government.

Thanks Adam…keep up the great work!
Also I NEED that e-book when available.

Thanks and Happy Holidays

Adam,
I just heard that other web sites are being shut down…is this true? Do you think we are going to be able to cash in this week or will they hold off for another year?

What do you think the initial evaluation rate will be?

Are there any banks thats paying interest on the dinars??

Where is all the money going to come from when the dinar is reevaluated and we all turn in our dinars in for millions?

Can you deposit already bought dinar into a Warka savings account & if so, how do you do it?

Who are the largest holders of dinar? i.e. which are the largest institutions that benefit from a RV? Why must RV occur for a currency to trade on the FOREX? How many Dinar have been issued / are in circulation?

Adam
I have been with this site for a couple months and moved to dinarvets for chat. Logged off earlier and now cannot even get website . Could you please let me know whats going on. Thank you.

I have been with this site also for a couple of months. I am aware of the new restrictions regarding chat access. I have posted a reply in the last few days. I am unable to log back in to the chat and it will not let me leave a post or start new thread to introduce myself. Please help. I have no information to give, I rely on this site for mine. Thank you!

Hi Adam,
Since 2003, has there ever been a time where there was as much (or more) chatter and intel of “hot rumors” flying around claiming the reval of the Dinar is immanent? Or is today’s environment hotter than it’s ever been?
Thanks Adam!
Brent

is there anyone who you know 100% is connected at high level that can tell you if the RV is real. No BS No Guessing just real facts from a 100% verifyable connected person

hi adam what is iraqi dinar

Hi Adam: Once the RV is in place, can you provide examples on how to fill in the forms or documents needed for the exchange!!!

adam just got something from a friend who got something from Medic saying,dinar had rv’d but, but didn’t say at what rate or anything else.

Hello Adam. I heard that the election in iraq will be exactly on March 07, 2010. So the good news is the RV will happen after the election AND THE EXACT DATE IS MARCH 08, 2010 at directly
1 Dinar=US$ 3,20. This isn’t a rumor. This is true. Doesn’t it sound easy money to invest in Dinar.
Monte: dinar had RV when is the exact date and RV at what rate?tell me more cause I am very curious.

sorry adam medic got bad info and put out without checking it out

Hi Adam. It seems logical to me that the GOI would want to put a time limit in place for exchange of the IQD post RV. Particularily with regard to the 1,5,10 & 25K (3 zero notes)to remove them from the hands of speculators. How else are they going to be able to introduce lower denoms to make it a functional Int’l. traded currency? Does this make sense to you or am I all wet?

Leo are you saying that it WILL RV on March 8 at 3.20? What,where,who said that?Thanks

I’ve got the latest news from a website’s report: Iraq’s oil minister, Hussain al-Shahristani has announced a consortium led by China’s CNPC has won a deal in the country’s second bidding round to develop the giant Halfaya oilfield, Reuters has reported. CNPC has a 50% stake in the consortium, while Total of France and Malaysia’s Petronas hold 25% each. The Halfaya oilfield has estimated reserves of 4.1 billion barrels of oil.

And I heard Chapter 7 of the Charter against Iraq will expire on 31 Dec 2009 which means Iraq may have to revalue its national currency very soon perhaps prior to election day or immediately after election day. Let us all pray the RV rate should be higher as Iraq is selling oil to China, France and Malaysia at a rate which is on a par with Kuwaiti’s usual oil prices offered to others and for our investment at a non-government to non-government level, let us hope it is rated above USD2.50 = 1 IQD.

Is the true???????????????????From a chat on another site.

THEY HAVE BEEN GREAT AT KEEPING US UP TO DATE ON WHAT IS HAPPENING AT LEAST FROM THEIR PERSPECTIVE.

Sweet Prince says to (23:55:43):
THEY ARE A CURRENCY EXCHANGE CENTER

Sweet Prince says to (23:55:49):
OPEN 7 DAYS A WEEK

Sweet Prince says to (23:56:12):
THEY ARE ALSO ONE OF THE LARGEST EXCHANGERS OF FOREIGN CURRENCY IN THE WORLD

Sweet Prince says to (23:56:38):
THEY SELL DINAR AND ALSO BUY IT AM I CORRECT MICHIAL.

SHORTNSWEET says to (23:56:46):
yes

Sweet Prince says to (23:56:47):
AT THE RATE NOW

Sweet Prince says to (23:56:49):
OK

Sweet Prince says to (23:56:59):
JUST WANT TO MAKE SURE I AM NOT MISPEAKING

SHORTNSWEET says to (23:57:09):
ur right on

Sweet Prince says to (23:57:36):
LAST WEEK THERE WERE RUMBLINGS AT THE CORPORATE HEADQUARTERS OF CUSTOM HOUSE OF A NEW RATE OF EXCHANGE FOR THE IQD

Sweet Prince says to (23:57:49):
BUT IT DRAGGED OUT THE ENTIRE WEEK AS A RUMOR

Sweet Prince says to (23:58:11):
THEN AT 12N PST IN BC THE NEW RATE WAS DELIVERED TO CUSTOM HOUSE.

Sweet Prince says to (23:58:40):
THEY WERE TOLD THE NEW RATE WAS TO BE EFFECTIVE ON MONDAY 14 DECEMBER 2009.

Sweet Prince says to (23:58:47):
AM I CORRECT MICHIAL

SHORTNSWEET says to (23:58:56):
yes you r medic

Sweet Prince says to (23:59:24):
AND THE RATE IS $2.47 USD $2.61 CANADIAN

Sweet Prince says to (23:59:31):
IS THIS CORRECT

SHORTNSWEET says to (23:59:34):
yes

Sweet Prince says to (00:00:06):
AND MICHIAL HAS BEEN IN CONTACT WITH THEM EVERYDAY SEVERAL TIMES A DAY WITH ONE OF THE MANAGERS TO MAKE SURE NOTHING HAS CHANGED.

Sweet Prince says to (00:00:11):
IS THIS CORRECT

SHORTNSWEET says to (00:00:18):
yes

Sweet Prince says to (00:00:37):
THIS IS WHY IT BOTHERED ME SO MUCH TODAY

Sweet Prince says to (00:01:38):
WE ALSO KNEW THAT THE IRAQIS SOMEHOW GOT WIND OF SOMETHING IN COUNTRY. MY GOOD FRIEND WHO IS WITH THE US GOVT IN IRAQ CONTACTED US THIS EARLY AM

Sweet Prince says to (00:01:53):
THAT THE NATIONALS WERE GOING NUTS TRYING TO FIND DINAR

Sweet Prince says to (00:02:01):
ANY AMOUNTS POSSIBLE

Sweet Prince says to (00:02:26):
NOW CUSTOM HOUSE DOES NOT FOLLOW ANY OFAC RULES

Sweet Prince says to (00:02:45):
THEY DO NOT HAVE TO WAIT FOR FOREX OR CBI TO ANNOUNCE IT FORMALLY

Sweet Prince says to (00:03:03):
THEY ONLY HAVE TO BE NOTIFIED OF A RATE CHANGE

Sweet Prince says to (00:03:18):
SO AS I SAID I HAD NOT SHARED THIS WITH VERY FEW

Sweet Prince says to (00:03:43):
WE WANTED TO SEE IF THE BOTTOM FELL OUT OR IF CUSTOM HOUSE WAS STANDING FIRM

Sweet Prince says to (00:03:48):
THEY STOOD FIRM

Sweet Prince says to (00:04:23):
NOW WE WAIT TO SEE IF IT HITS THE US THIS MORNING ALSO

Sweet Prince says to (00:04:43):
BUT MICHIAL AND HIS GROUP WERE TOLD THEY CAN CASH IN TOMORROW

Sweet Prince says to (00:04:48):
IS THIS TRUE MICHIAL

Sweet Prince says to (00:04:52):
OR AM I WRONG

SHORTNSWEET says to (00:04:54):
yes medic

SHORTNSWEET says to (00:05:02):
your right

SHORTNSWEET says to (00:05:35):
as of 2 pm this afternoon we are still on track

What is holding the revalue back, ive been hearing for the last month it could be any day, where does this speculation come from?? Thanks

shortnsweet &sweetprince were you dig this up..custom house is not aware of this …i called ..bull

i just called custom house and the man was pissed. This is all bullshit u are idiots. BUT I should have known when the name medic showed up it was bs

Particles, particles, until we see it in form in our own minds, the RV will remain particles. Best of luck creating to everyone.

Dont worry guys i will get the message out

The moderation seems to take along time

The moderator needs to wake up nap time is over

who is the medic guy in that post? I have seen any of his rumors come true.

Dustin could you explain that transmission? Tomorrow is here and we’re not cashing-in.

iguss we just have to keep the faith that when the time is right it will happen (apparently now is not the time)

dustin there is nothing to explain ,yousaid it all

medic is a guy you call a pumper

What are the chances Iraqi Govt. brings out new currency while rv’ing and renders the one we are holding in hand worthless? That is my biggest fear.

i think your right..ted jacobs..i like to think it will be in the near future??

Hi Adam. I heard Iraq will join the GCC ( Gulf Cooperation Council )that include Saudi Arabia, Kuwait, Bahrain, Qatar. And, the GCC already print out the new money called ” GULF DINAR ” in 2010. Then, the member of GCC will use Gulf Single Currency caleed ” GULF DINAR “. Then, Iraqi will use Gulf Dinar instead of Iraq Dinar. And, the rate is 1 Gulf Dinar = US$ 2,66 or if exchanged from Iraq Dinar to Gulf Dinar, 1 Gulf Dinar= 3,000 Iraq Dinar. Is it a good news or what?Doesn’t it sound easy money?

Hi Adam,

Somes said that RV won’t take place, those who invested will be loss at last, What is your opinion?

Leo, who is reporting that information.

Dear Adam

I have a question? I’ve been reading about Iraq and found they are now a member of the GCC. The GCC is trying to come up with a united currency for their group. With this in mind if the GCC comes up with the currency say within the next two years does that mean Iraq will change their currency to the united currency of the GCC. If so could the currency be worth as much as the Kuwait dinar. Also if I have a bank account with Warka will they transfer my account to the new currency. Just a few questions. Thanks for your time.

Bill Gregory

Did not see the question above sorry.

if you do the math u would get back exactly what you pay.or less now for a million..that would be real bs

1,000,000 / by 3000 = 333.33 x 2.66 =886.65

I think you all need to just be patient and wait because it could happen tomarrow or it may take another year or so.

only common sense that the iraqi,s will want there dinar to be up to par with the other arab ..kuwait etc..they owe alot of money..or we sure have been taken for a ride.????

u can fix tits u cant fix stupid

I have only one question as I feel, regardless of all the rumors, until the US declares that we are leaving Iraq the Dinar will not revalue. But that’s just me. Here’s my question and I would like/am looking for a direct, clear response: What banks/brokerage houses in the US are actually involved with the currency trading of Iraqi Dinars, and can you please provide me with a Contact to validate? Thanking you all in advance for your consideration and cooperation.

Well, I don’t do too well with ‘rumors’, I just emailed Warka directly, hopefully, they can give me some insight, and whatever their reply is, I will post it.

‘Dinar to all and to a good night’
(Just felt the need to post that)

A friend referred me to this site, interesting to say the least. I have a few questions. Who is Adam Montana and what knowlegde does he have on iraqi currencey? Why would anyone fly to Dubai and meet with a so called bank rep? if all this was legit, names would be released. a bank employee could be a teller with no info. Someone used the word “FairyTale”. I guess that fits, someone trying to live happily ever after. Thats like if someone wanted to buy american currencey, they could meet with any of the 1000’s of bank employees in this country. But what could the employee tell them that would justify flying around the world.

this oilfield mess is not helping with the revalue of the dinar. I only hope that this is over very fast or we all could be in trouble,

I did manage to fund my Warka account. Not all banks are set up tp do international wire transfer. I opened a new account with US Bank to get it done. Now that I have money in it, I was given instructions on how to send (by courier) physical cash, 25.000 notes. I’m still not clear on how to withdraw and that’s important. Maybe someone has experimented and could pass on that information. I listen to a lot of c-span, since we’re spending trillions maybe we can just wait for the US dollar to match up with the Dinar?

Hi Adam. I heard that Iraq will increase the Oil Production into 10-12 million barrel a day , just assume that the price of oil is around = US$ 60/ barrel.. So by increasing the Oil Productions,the government of Iraqi can pay off all their debts and also can make the iraqi people’s lives more prosperous. In this case, If at any time ,all the iraqi people’s lives prosper without debts at all that means the RV will not happen at all. I hope that prove me wrong. Help me out and give me your opinion anyone here……

I have a few questions please:
1. When RV takes place, how would investors outside the US (HongKong, Malaysia, Singapore) get their IRD changed/converted?
2. Do you think Banks will agree to opening an account and accepting the IRD cash deposits?

Thank you ans await your response. Appreciate )

Le

Greg, this Warka acount thing sounds pretty complicated. Question to any one, how do you get your money out of a Warka account? Been thinking about opening one myself.

i am new. what is warka account, why do I need one
?

Adam,
I have a question for you. I am new to the Dinar game and only have about 400,000 Dinars. I am trying to decide if I should buy 1,000,000 more in cash or should I open a Warka? and If I do buy Dinar currency do you think that it would be better to buy it in 1,000 denominations. Any input would be greatly appreciated.

I’m not confident enough in sending my New Iraqi Dinars to another person to hold in an account to process once the time comes to convert to USD and have to be careful of scams. I would be willing to fly to, say, Kuwait or Qatar and exchange but then logistics of moving money becomes a concern. I lived in Kuwait and Qatar for years and legit vendors are everywhere. What I am considering is possibly using the National Bank of Kuwait and they have a bank in NYC. Has the possibility been explored of using NBK of NYC to convert. Also, any tax deferred measures to take to minimize the “spread of wealth” (taxes) that is taking place in the US at an all time high?

Would like to see the answers you have to some of the above questions. I am very new at the dinar investment.

Gulf nations may opt first for dollar in currency union: The US dollar will be a dominant component even if a basket of currencies is chosen.
Four Gulf nations entering the Middle East’s first monetary union pact are expected to peg their single currency to the US dollar in the first phase of the historic project but might opt for a basket later.Saudi Arabia, Kuwait, Qatar and Bahrain, members of the six-nation Gulf Co-operation Council (GCC), have kept the world guessing on what type of currency they would adopt for their monetary union, which was ratified by their heads of state at their annual summit in Kuwait in mid-December.But there have been strong official signals that the four countries would not veer away from the US dollar in the first years of the monetary union.And some of them have indicated that even if a basket of currencies is selected, the US dollar would be its dominant component. And that the Gulf currency would be pegged to the US dollar in the first stages of the monetary union because it is the official price of their oil exports, which account for the bulk of their exports… a large part of their foreign assets is also denominated in dollar.”A basket of currencies in the early stages of the union would create several technical difficulties for them in their currency and fiscal policy alignment… I believe that a basket could be chosen at a later stage but I am confident the dollar will have the lion’s share, say at least 60 per cent of its components.” Gulf central bank:The central bank: governors of the four Gulf states will meet in Riyadh soon to create the GCC Monetary Authority, which will pave the way for the establishment of a common central bank to manage their currency union.The meeting in the next few weeks will cover steps to implement the union, including the formation of the Gulf Monetary Authority (GMA).”The meeting will be held within the next few weeks and it will cover the establishment of the GMA and naming of its members… It is expected the GMA will be set up within the next two months.”The GMA is the first actual step towards the full implementation of the monetary union… the GMA’s functions include the establishment of a common GCC central bank to be based in Riyadh and enjoy full autonomy. The basic functions of the central bank will be to devise and implement the union’s monetary policy and exchange rate policy. The GMA will continue to operate until it is replaced by the central bank once it is created and becomes fully operational.”The currencies of Saudi Arabia, Qatar and Bahrain are pegged to the dollar while Kuwait detached its dinar and linked it to a basket last year in a bid to tackle soaring inflation, caused mainly by the weakening US currency. Experts said Kuwait could revert to the dollar should its partners in the union opt for a dollar peg in their single currency, which could be launched in 2015.”Preparation for the full enforcement of the GCC monetary union will start next year and a common Gulf currency would materialise in 2015,” Abdul Rahim Naqi, Secretary-General of the Dammam-based Federation of GCC Chambers of Commerce and Industry.The UAE, the second largest economy in the 28-year-old Gulf alliance, pulled out of the currency union early this year. Oman opted out in 2007 on the grounds it is nor ready for the project. Dollar dominates:
The proposed Gulf currency will be pegged to the US dollar at the beginning because it is the official price of the GCC oil and gas exports and most of the region’s assets abroad are in US dollar.”they could adopt a basket at a later stage… this basket will of course take into account the size of the GCC’s exports and imports from their main economic partners. But the dollar will be the main part of it.”the dollar, to which the GCC currencies have been effectively linked for more than two decades, would be the official peg to the new single currency in the first few years of the monetary union.”It is natural that the GCC countries peg the new currency to the dollar in the beginning since the dollar forms a large part of their trade and foreign assets. I think all regional and global conditions indicate that the Gulf currency would be pegged to the dollar. But this might change at a later stage, depending on what they decide for their currency. IMF help:The four members have already sought help from the International Monetary Fund on a possible revaluation of their currencies for the monetary union.In a working paper released recently, the IMF suggested slight appreciation
of the currencies of those members against the US dollar but it warned any leakage of news ahead of the revaluation could spur damaging speculation.
“This paper developed from an informal request to one of the authors by a member of the GCC Secretariat for guidance on how to set the conversion values for the new GCC currency.”If hypothetically the GCC decided to establish the new currency in its original planned date, Saudi Arabia would need to revalue its currency by 2.94 per cent, Kuwait by 5.15 per cent, Qatar by 4.54 per cent, and Bahrain by 1.09 per cent. The methodology provides an estimate of the required adjustment for each currency if the conversion is to take place in 2011, 2012, or 2013.”that a sharp appreciation against the dollar would hit the GCC foreign assets. Another negative effect is that their oil sales are priced in dollar and an appreciation means lower crude export earnings in local currencies.”This will again put pressure on their fiscal systems and could create budget deficits when regional states have just reverted to surpluses after painful shortfalls for more than two decades.”In Saudi Arabia for example, oil revenues are earned in dollars and converted into riyal for budgetary spending. A revaluation would permanently impair the riyal value of oil revenues, reducing the size of the current budget surplus and accelerating the day when the budget falls into deficit. The value of the government’s mostly dollar-denominated foreign assets, currently in excess of $400 billion (Dh1.46trn), when converted into riyals would also be cut.” Foreign assets:Figures by the Washington-based institute of International Finance (IIF) showed the GCC’s combined foreign assets were estimated at $1.490trn towards the end of 2009, including nearly $1trn for the monetary union members. The official reserves of the four nations stood at about $490bn, including assets held by the Saudi Arabian Monetary Agency (Sama).the Saudi American Bank Group (Samba) also expected the new Gulf currency to be pegged to the dollar.”It is most likely the dollar peg continues to be the preferred exchange rate regime for the bloc in the foreseeable future. Faith in the peg is understandable. There are a number of good reasons why it may be adopted, not least the familiarity that it enjoys. “In particular, interest rate transmission signals are weak in the Gulf, given the preponderance of actual and expected government spending on consumption and investment decisions. If changes to nominal interest rates have little impact on the spending patterns of firms and households, then much of the advantage associated with a floating exchange rate is lost.”But it noted that this could change over a longer time horizon, as regional financial and capital markets broaden and deepen, thereby enhancing the potential advantages of a more flexible exchange rate at a later stage. Flexible rate:”In such conditions, a flexible exchange rate would help encourage a more robust, diversified and competitive non-oil export sector, which in turn could provide the spur to sustainable employment growth.It recalled a decision by the GCC nations in 2003 to peg their individual currencies to the US dollar and to maintain the parity until the establishment of full Monetary Union in 2010. A decision on the exchange rate regime for the single GCC currency would be made then.Despite domestic and global changes ever since, a fixed peg to the dollar remains the most plausible prospective exchange rate regime.It cited several reasons for this, including the fact that the new central bank would inherit a well-functioning anchor and associated monetary framework.It said the peg remains reasonably straightforward to administer and does not require the institutions necessary for an independent monetary policy.”Second, market participants are already familiar and – for the most part – comfortable with the peg. GCC countries’ individual pegs are well-established and have provided a degree of stability and comfort during times of oil price weakness or regional political stress.A third factor is that the GCC’s dominant export, crude oil, is already priced in US dollars while the fourth reason is that the group’s flexible labour markets should be enough to support international competitiveness.a managed float has been proposed by some and its advocates argue that this would allow the countries to absorb large adverse real shocks more easily than a fixed exchange rate regime.”As such, sharp swings in oil prices could be offset by changes in the nominal exchange rate, thereby imparting some stability to the local currency value of export earnings. Similarly, the impact of higher import prices could also be blunted by exchange rate adjustments.”Beyond this, an autonomous monetary policy would allow appropriate monetary responses to domestic demand conditions. Thus if demand was in danger of overheating, nominal interest rates could be adjusted accordingly. The credibility of the float would be underpinned by the GCC’s vast stock of foreign assets.”an alternative version of the floating rate is a peg to the price of oil. The main argument in favour of this regime is that it delivers automatic accommodation to terms of trade shocks, while simultaneously retaining the credibility-enhancing advantages of a nominal anchor.”Its proponents argue that enabling the exchange rate to move in line with the price of the region’s dominant export would allow the real exchange rate to achieve equilibrium and would also decouple oil exporters’ monetary policies from those of oil importers.”Its detractors note that the price of oil is not truly exogenous, since the oil production policies of the GCC countries themselves influence the price. The volatility of oil prices would also present problems, forcing potentially sharp day-to-day swings in the exchange rate, making planning difficult.” Pressure to unpeg:In 2008, GCC countries resisted pressure to unpeg or appreciate their currencies against the US dollar after inflation rates soared to double digit levels in most members because of the weakening greenback and other factors. Their decision prompted a massive withdrawal of speculative funds deposited by international institutions in anticipation of a revaluation.”We should acknowledge the firm position adopted by the GCC monetary authorities when they refused to end the peg or appreciate their currencies against the US dollar.”They have firmly resisted speculation campaigns which have jolted the Gulf currency markets during the past 10 months… had they bowed to these pressures, Gulf states could have encouraged more
speculations in the future and fueled expectation and speculation that local currencies could be depreciated after the US dollar starts to recover.”GCC states had succeeded in maintaining a stable exchange rate for their currencies over the past 23 years by keeping them pegged to the dollar.”This success has largely lessened exchange rate risks that could have discouraged local and foreign investors. The policy has also encouraged capital inflow and strengthened the credibility of GCC monetary authorities. As a result, speculations have largely receded and this will contribute to reasonable growth in the monetary aggregates in member states.
The M2 or money supply for Iraq is 50 trillion dinar divided by the rate of 1170 is $42.74 billion. as the total value of Iraq’s money supply.The population of China is 1.3 billion people. If each Chinese citizen owned $32.88 worth of dinar or 38,465 dinar they would own the total money supply of Iraq and more than twice the amount of dinar in circulation outside banks.If the average Chinese citizen just owned $14.46 worth of dinar it would be all the dinar in circulation outside banks.It is customary for the average Chinese citizen to save half of their income or approximately $4500 a year times 1.3 billion people is $5,850 billion dollars and 136.8 times the total money supply of Iraq. The CBI has no record of the Chinese Govt buying any dinar either with dollars or Yuan either in the CBI statistics and information nor is that any mention of such at the IMF.. Whats more it would be illegal to sell it to them out of country.It might surprise most people but what the Chinese want is more dollars.This must end and the begining for a revalue for the 4 countries. Just think what happens when Iraq joins. It will interesting to see what they are pegged/valued at on the come out with just the 4 of them. From the looks of this news. The change of currency could be in place in a matter of months from now. I wounder if any speculators are jumping on now to buy each countries currency’s in hopes of a revalue of the GCC to higher.

WOW..Joseph..thanks for the update..i would be happy if it was in the next year or so..keep the positive info…. flowing ..HAPPY NEW YEAR..dinar vets

Arrived to the land at Baghdad International Airport on Wednesday, 12/23/2009 three CRJ aircraft have been purchased by the Ministry of Finance in the presence of His Excellency the Minister of Transport, Amer Abdul-Jabbar Ismail, a representative of the Prime Minister Mr. Nouri Al Maliki and Minister of Finance Baqir Jabr Al-Zubaidi has been signed annual operating contract between the Ministry of Finance and the Ministry of Transport contract was signed by the Deputy Minister of Finance Mr. Zia Habib Khayoun and General Manager of Iraqi Airways pilot Kifah Hassan Jabbar, representative of the Minister of Transport after it was received one aircraft in 2008 bringing the total to four aircraft. The Minister of Transport for the purpose of opening to the world in terms of aviation and passenger service to Iraq that we always fleet of Iraqi Airways aircraft from modern and sophisticated, where we have a few days ago a plane chartered Boeing 737 / 900 Model 2009. Adding that the decades old aircraft had completed are not renewed, any contract where the Iraqi Airways plane today has 15 modern, developed and leased. And preached His Excellency the Minister of Transport, the traveler and the Iraqi people that there are many great achievements and will be witnessed by the Iraqi arena, including the achievements by which updated the Iraqi Airways fleet of aircraft. He pointed out that Iraqi Airways did not buy any plane since 1990 because of the call set up by Kuwait Airways in British courts and demanded financial compensation is very large and today there are negotiations between the parties for the purpose of settlement of these problems and obstacles. He noted that the achievements of the rental of aircraft and sophisticated will open to the world of aviation and the Iraqi citizens will feel that in 2010 there planes in service and managed by the staff and I call on the Iraqi employees of Iraqi Airways to exercise their extensive service to the passengers of Iraq. For his part, Minister of Finance Baqir Jabr Al-Zubaidi that the Ministry of Finance has signed contracts for the purchase ten aircraft, including aircraft type CRJ Canadian origin and the new generations have been received four so far and two more in the coming year and the rest during the year 2011 and also signed contracts for the purchase of 55 Boeing aircraft of various types will be leased to the Ministry of Transport / Iraqi Airways, according to an annual employment contract agreed upon between the parties and this is the achievement of the Ministry of Finance and the Public Treasury in addition to providing better services to citizens, customers and facilitate the task of traveling to neighboring countries and Arab and Islamic states and European countries on the one hand and the other hand, mobility between the provinces of the country in which domestic airports. As Undersecretary of Finance Minister Zia Khyoun that this agreement is a type of investment where the aircraft was leased to a lease year to Iraqi Airways, and this is done to increase resources for the Ministry of Finance and the Ministry of Transport / Airlines of Iraq, emphasizing the existence of other contracts will be which the receipt of new aircraft and advanced, respectively. WOW I HOPE THIS SPEED UP THE RV. we all aspire in the near future to the return of Iraqi dinar to what it was in the seventies and the beginning eighties against the dollar and other foreign currencies .

Confirmed coalition Shell and Petronas of direct intention in developing the field Majnoon case of signing the contract in final form, as announced is not affected companies invested the political situation and security in the country.The Deputy Minister for oil extraction and export Abdul Karim Laibi through effective initialed a coalition with the “Shell – Petronas,” which took place at the Ministry yesterday: that the volume of primary production in the Majnoon field of 175 thousand barrels and up to the peak of production million and 800 thousand barrels per day . He explained that the Majnoon field in the province of Basra, which was run by the Southern Oil Company of the giant oil fields in the world and contains 11 ambush oil, declaring that the current and next two weeks will witness the signing of contracts initiated with the development of coalitions, which won seven oil fields out of ten fields offered within the The second licensing round. The contract was signed on the Iraqi side and the Deputy Director General of the Department contracts and licenses Abdul Mahdi al-Amidi, the Director of the Legal Section in the department, Dr. Sabah al-Saadi, was signed in a winning coalition, representative of the Dutch-British Shell Mounir Bouaziz and the representative of Malaysia’s Petronas is the color. The representative of Shell Munir Bouaziz happiness for signing the contract with the ministry, adding that his company is the first international companies in the oil sector, which entered Iraq for about a year and a half in Basra.And on direct work in the field and the impact of security and political situation of the company, said Bouaziz the “morning” that Shell will start its work immediately after signing the final contract, without saying how much money will be invested in the field, saying only that it billions of dollars. Promised the recent tension on the Fakkah field in the Maysan province of Iraq and Iran, it was an internal jurisdiction of the Iraqi government, stressing that the size of the turnout international companies in the second round of licensing and activities of the initial signatures of the contracts is not affected by evidence of corporate political situation and security in the country. For his part, denied the proxy Laibi what he described as “hype” that some of the throughput of the media that Iranian forces occupied the field of loose change, adding that specific problem the well number four from the field. He pointed out that the disagreement between the parties to this well-based for several years, noting that national professional staff began digging the well mentioned in the seventies the last century, and began production in 1979 and until 1980 before stopping by the Iran-Iraq war. He Laibi Maysan Oil Company has operations in 2007 lifting the debris from the well site in order to re-run, but she was harassment from the Iranian side, who claimed that the zone is within its territory, pointing out that the bilateral commission for the demarcation of the border look into this matter to be resolved through diplomatic channels. the “morning” that the contract which was signed initialed yesterday will not face obstacles in the way of ratification by the Board of Minister. He noted that the licensing contracts for the first round did not face obstacles because there are technical committees and legal contracts are reviewed prior to submission to the Council of Ministers, adding that after the council approved the contract the ministry will sign the final with the investing companies.And on statements made by some MPs and officials of the Organization of Petroleum Exporting Countries and other oil states will not allow Iraq to increase oil exports to 12 million barrels per day, after the conclusion of the second licensing round, “this issue is premature.He hinted that many countries would not welcome an increase of Iraq’s exports during the next six years, adding that those countries should take into account the war and the conditions through the country and its citizens for many years. He pointed out that any economic developments taking place in Iraq therefore will be reflected on the countries of the region, explaining It’s the right of Iraq to increase its exports to the country’s reconstruction and rehabilitation of infrastructure. while Jihad said he and Oil Minister Hussein al-Shahristani said to Angola to participate in the meetings of the Ministers of Petroleum Exporting Countries OPEC, which will last for two days to review the conditions of the global market and OECD member countries.He expressed his belief that he will keep the production ceiling by the Organization after the stability of world oil prices, especially as they began to increase gradually, indicating that preclude the need to increase or reduce the quantities that OPEC countries have promised to pump to world markets.Separately, the pipeline pumping oil from Kirkuk to the Turkish port of Ceyhan was the fourth time in the last three months of the acts of sabotage, noting that the line came under a bomb attack near the town of Sharqat north of Salahuddin Province. He explained that the duration of the process reform dating back to the size of the operation was to sabotage the pipeline. They should have done this years ago. Now they have taken their economy and banking system to the edge. Lets hope the money starts to flow quickly.If not there will be some banks going down

the Iraqi government asked the U.S. side to interfere in the management of the security file to install the security and stability in the country, to develop security plans to prevent recurrence of the violence that hit the capital recently,
especially since the terms of the agreement it has struck the Maliki government with the U.S. administration, it gives the right to address the American side, to show some assistance in security issues. The source, who asked not to be named, “told the Iraqi press that” the American side condition of assuming the administration file of the Iraqi economy for his involvement security file. He added that Iraqi government has not determined until the moment of its latest U.S. request,
and is still studying the matter with its partners in the political process. the American side in the field of superior intelligence by its functional and logistics and information base on which the U.S. military sought to establish them ever since he entered Iraqi territory in March 2003, through the recruitment of some informants to secure the information we reveal hideouts of terrorists and their plans criminal».Does this mean what I think it means. U.S. control of the Iraq economy. If they do assume control of the economy what does this mean for the dinar? Does it change anything? Can anyone elaborate on this? It is also very interesting what is going on over in Iran. If
there is to be an RV in Iraq it would not happen until Iran falls. Can you imagine the economic boost that a RV would give the current Iranian government, they might be holding billions of dinars with their connections in Iraq. The U.S. assisted with thier security. The Military helped the GOI to equip, train and organize their security forces so they can be effective and successful.This was by invitation of the GOI.The GOI has ALSO requested U.S. assistance in developing thier economy.Assistance is NOT control. It’s simply experts brainstorming and advising the GOI what they can do to improve thier economy.They first need to start with laws, privatize state owned entities, reduce their social programs, and finally, eliminate corruption and the “good ole boy” network.They want capitalism’s success, but they don’t know how to get there.

Trent. I did receive the withdrawal info from Warka. I have yet to send any physical cash. Warka has been very good at answering my questions.

Are Iraqi banks insured like our banks, FDIC?

Adam, My husband and I are concerned about the “cashing” process. What are our options if local banks refuse to allow us to cash in? (All I hear from bankers is “its a scam”) Thank you, Adam, for all the intel!

Hi guys what do you think would be done with those large bills of the Iraqi Dinars these large bills are not use in KWD and other countries with Dinars of high value ?

It’s settled, I’m just waiting for the RV.

Abenadij, same question, want to buy a million more, should I buy 1K notes? All of mine are 25K. 1k notes cost more but I will do it if needed.

Is this story true? Trump Big Buy Into Dinar , it says Trump has $30 million in Dinar? [link removed] and he only paid $900 per million for them?

GCC monetary authority soon, on Monday, January 04, 2010
Four Gulf nations will launch their monetary authority to set up a joint central bank at the end of February as part of an historic pact to create the Middle East’s first currency union.Saudi Arabia, Kuwait, Qatar and Bahrain, members of the six-nation Gulf Co-operation Council (GCC), will officially launch their monetary union on January 23 following its final summit approval last month.”The monetary union will be enforced on January 23, a month after the fourth ratification document was deposited by the members with the GCC Secretariat,”.”As for the Gulf Monetary Authority (GMA), which will pave the way for the creation of the GCC central bank, it will start operating at the end of February,”.The Newspaper reports that the central banks of the four countries halted lending operations at the beginning of 2010.”Those reports carried wrong information that the central banks would stop lending at the start of 2010… this process requires several procedures, which will be the responsibility of the GMA,”.”Any way, most central banks in those countries normally do not lend to the government, which means these reports do not carry any new information,”. Is this a good news or what……

to borrow from the IMF as “a serious matter, the interests of Iraq over the long term, indicating the threat to the future of Iraq and the interests of the people.The proposal is based splendor in the general budget for the year 2010 to borrow from the International Monetary Fund.the World Bank when giving loans to countries within the framework of the restructuring of the economy of these countries and, therefore, is the long-term intervention in the affairs of these countries even amount to interference in its sovereignty. Rubaie confirmed his refusal not to pass the federal budget for 2010 until the next parliamentary session, noting they relate to the interests of the people.He stressed the need to separate the budget for the elections and political history.

Now Iraq is ranked twelfth in the list of the richest Arab..Iraq is occupied twelfth place located in the bottom of the sequence of the richest Arab countries, along with Algeria, Tunisia, Jordan, Morocco, Egypt, Syria and Sudan. Landing in Qatar topped the list and after the United Arab Emirates, Kuwait and Bahrain in Almertbpaiip Dissolved and Oman in fifth place followed by Saudi Arabia in the sixth, while Yemen was ranked by the recent order of the poorest countries, followed by Mauritania poorest of Arab nations.Qatar was ranked first at the top of the order of the richest Arab countries, as annual per capita income of the 70,651 dollars, while not exceeding a population of 1.448 million people, followed by the UAE in the second and per capita income of 52,574 people while the population of 4.76 million people, and Kuwait ranked third, and per capita income of 43,046 dollars and a population of 3.43 million people, to the Bahrain came in the fourth income of 21,675 dollars per capita and a population of 1.123 million people, either the average per capita income in Oman to $ 20,908 for its population of 2.86 million people, and Saudi Arabia in sixth place, and per capita income of 18,903 dollars and the number of population of 24.8 million people, and replaced Libya was ranked seventh with 10,519 thousand dollars for an individual and a population of 7.2 million, Lebanon ranked eighth and income per capita in 7479 dollars, followed by Algeria, Tunisia, Jordan, Iraq, Morocco, Egypt, Syria and Sudan. They can pass all the laws you want and it will be a very long time before Iraq is as per capita rich as Qatar. Qatar has per capita income of $70,651. With over 28 million people that would require a GDP of ~ 2 trillion dollars for Iraq. 2 trillion divided by 365 days would be ~ $5.4 billion a day. Divided by $80 a barrel and they would need to produce 67,500,000 barrels a day to be as rich as Qatar and have almost 90% of the worlds total production. 33.75 times as much as they are now producing. Maybe we should give them another 6 months to accomplish 90% of the worlds total oil production. We hope this will speed up the RV that make iraq is ranked # 1 richest sooner early 2010, don’t we…

Just To the point, the Iraqi Dinar is currently at an extremely low valuation compared all other world currencies, which would make a very lucrative investment for anyone. The investment community is currently watching everything for signs of upward movement in the value of the Iraqi Dinar. Many sources including the Iraqi Financial ministry speculate an increase in Iraqi Dinar value in early 2010.
“A twenty-seven dollar investment today could be worth seventy-five thousand dollars if Iraqi Dinars are revalued to historical values.”
2009 IRAQI DINAR REVALUATION INDICATORS & SIGNS:
• Donald Trump investing Millions in Iraqi Dinars
• Iraq oil field contracts being let.
• Iraq Financial Ministry
• Large world corporate investments in Iraq infrastructure
• Obama election cause ease of middle east tensions against US
• US Secretary of State – Hillary Clinton’s recent remarks about Iraq becoming one of the richest countries in the Middle East.
Many believe that the Dinar will return to its historic value of $3.20 as opposed to it value today of less then one cent. Will these indicators and signs mean to speed up the RV early 2010.…

i see advertisement for FOREX on tv now..to exchange foriegn money ..seems like you would be able to exchange dinars when they become stable and revalued in the world Treasury Reporting Exchange Rates for every country in the world..u think any foriegn exchange bank in any major city across the United States would exchange your money

Pride we live in a small town, my wife called the Bank of America here which is a small branch bank, they said they would exchange dinar when the time comes, a friend of mine took some euros into same bank, the lady pulled out a book and simply did a visual confirmation. The currency book has pictures of money to buy and money not to buy. The only requirement was he had to open a savings account with $300 for a minimum of 90 days, if money is withdrawn prior to that you forfeit $50. My understanding is CitiBank will do this also.

exactly ….there should be no confusion ….thanks Trent..may we all do it soon

Iraq has received a loan of $ 7 trillion dinars to cover the deficit : Alaa al-Sadoun said Deputy Chairperson of the Finance Committee in the House of Representatives that the World Bank and IMF special drawing rights and made a loan to Iraq Bmlbg 7 trillion Iraqi dinars to bridge the fiscal deficit. Said Saadoun, a member of the Accordance Front, said: “The fiscal budget deficit of 21 trillion Iraqi dinars. Sntdark and recycled it through my existing budget of the past year. And the budget in 2010 was calculated on the basis that the price of a barrel of oil to $ 62,5, and the price The current oil is $ 73 a barrel. and this difference would reduce the fiscal deficit.” Saadoun predicted: “The vote is on the budget for the current year next week.” In this case, Something gotta give soon. And, The IMF could of just told then to RV! and the budget would not be affected.

I would like to know about the account we could put our dinar in that could convert to US dollars.

Hi Adam:

I purchased your ebook but have a question and haven’t been able to speak with you.

Can you please email me directly?

Thanks,

John

Adam,

Are we being scammed? Am I a reckless investor to have purchased Dinars? If the RV takes place, say at $1 US, how is it possible to create so many overnight millionaires?

Hi Adam what is the timeframe of revaluation of Iraqi dinar?And will this currency remain same?
what will be its exchange rate? will there be any difference between big and small note exchange?

Adam plz also tell men after dinar revaluation what will be the worth of 25000 dinar note in pakistani rupees? plz tell me as soon as possible.thaaaaaanx alot.