Iraq Dinar Speculation

What would a Single Gulf Currency do to our Dinar Investment. Would they revalue the dinar before changing to the new currency? Would we be allowed to switch the Dinar for the new currency 1:1????

kittycat, the Dinar would most likely need to revalue before they were able to join the GCC, or Gulf Dinar – this is a great step in the direction we want.

Thanks – you understand all of this so much better than I do, I simply wasn’t sure what that would mean.

Hi Adam…..I am just new to this investment…..Just wondering if there is a aproximate time frame that we are looking at for an RV??? Thanks !!!

Adam,

I don’t see this news as bad or good. Just another step in the trip towards RV. Everyone hang in there! Thanks Adam.

RapidRabbit

Every Dinar we buy supports rebuilding Iraqi…However,in the end, Iraqi will do what is best for Iraqi. We all hope they make the right choices that benefit us all.

Obviously, this contact of yours has no valid information. We’ve heard the same thing concerning steps needed for an RV over a year now. The bottom line is they are putting out false information to keep us purhcasing their currency. The article posted by XE says a lot.

Hi Adam,

I just wanted your opinion on is it a good idea to try and send the paper dinar I am holding to an account at Warka Bank or just hold on to it until the RV and would this be a safe thing to try and do?

David

I thought the RV was being controlled by the CBI and was not any longer affected by the results of the election. So, what could be the delay from revaluing now? They’ll probably have violence after the election results are firmed up, anyway – whether the RV happened before or after the election. Maybe it can be enough of a diversion to ward off the violence when the Iraqi people focus on getting a boost in their lives with the reval.

Adam…just want to post a note of appreciation to you, your valued “sources” and the fellow responders on this forum for providing news, time lines, and most of all HOPE…Dreams thrive where hope remains alive….

Hey Adam thanks for the heads up with this new information I hope this thing (investment) RV real soon.

Thanks Adam,

And no ! I don’t approve of the new Heath Care Bill.
I feel that little by little our freedom is being jeopardized
and this new Bill has proven this. Anyway, I don’t see this
article as bad news because we are still moving forward.

If I can legally avoid paying that outrageous amount of (52%),
I’m all for it !!!

Yes, we are getting closer ! Hang on tight !

Thanks again Adam.

Thanks Adam, looks like we are heading in right direction, thanks again

Adam:

Just read on DV where your CBI contact said the election may not be official tomorrow. No kidding……it doesn’t take a rocket scientist and certainly doesn’t take a CBI source to point out the obvious. With all the bickering back and forth between the front- runner parties, it’s inevitable this thing will probably drag out beyond the “official announcement of tomorrow. We don’t need a CBI guy to tell us that!

Hmm… So where can I get lessons on being an unyielding optimist??

I don’t see the Gulf Dinar as being a good thing. It’s a way of changing the currency before having to pony up the rate change to current IQD holders. They force a cash out at CURRENT VALUE. (i.e. turn in your IQD for GFD before x date or it will be worthless.) you now hold the EXCHANGED value for GFD.
So 1,000,000 IQD let’s say is $1,000 in USD.. you trade your IQD in for GFD and get $300 GFD. You can take the GFD in to USD for $1,000… in other words a wash…
better than losing it however…

Adam-Any word as to why election results won’t be announced friday as first thought?

David Warka bank is no longer accepting Cash mailed to them.

Hi Adam

Thanks for the good news. The delay will cause angst for many of the members, but I consider the idea that they are trying to iron things out with the IMF BEFORE proceeding EXCELLENT news.

David

The response to David, has to be the most interesting thing I’ve seen posted. Much of my dinar have been sent and recieved to my Warka account. A good salesman could sell his uncirculated dinar to currency collectors for a fair price and then wire that amount to Warka. My currency reached it’s destination, have others had problems or is their another reason for this change?

Hi Adam,

I am very interested in post RV tax savings. Can you check your records to be sure I am VIP member.

Thank you, Sean West

Hmmmmmmmmmm interesting

Greg this is a recent change, within 7 days.

adam thanks 4 all the updates that u have given us ,we look foward to all your support,and guidence we owe u the greatest thanks ,thanks again

Great news Adam, at least it all makes sense. This will take a least a few months to develop. Go Dinars!!!

Adam-Everything I’m reading is that the RV will be 1 buck,are you hearing the same?

Thanks, Adam for your response. I really appreciate your response and I love your book that I recently purchased. I am waiting patiently like many others about the RV.

David

Hi Adam,

I am sorry for writing again, but I wanted to know if you could check for me to make sure that you have me as a VIP member in your tracking system.

Thanks,

David

what does this gulf currency mean for the investers holding on to dinars currently? Does it mean that we are stuck with what we have and will not be able to do anytjing with it. I think a lot of other investors will want some sort of answer on this. PLEASE ANSWER

This election will have no impact on an RV right at the moment. It is news coming from Iraq I agree, but not news that changes much, related to the Dinar. I think I will just wait and see if any new info comes up on the news or on my homepage, because then, something would have actually happened.

what is a VIP member ?

Dear Adam: I want to thank you for all you do for us…Hate to complain, but you need to know where I am coming from. Two major surgeries in 4 years, lost everything I own, have lots of hope, someone gave me your web site and I was able over the last few months to buy some dinar, not as much as many I am sure. I have such hope and I also would like to know if you could share your online way to make money. I don’t need much, but I do need to live like a human should. Having become very humbled, I enjoy every part of my life and what doors God is opening for me. God bless…you do a wonderful job.

It would be nice to see Iraq’s Dinar have the same value as Sadi Arabia, Quwait and others who sell oil. But the violence is Iraq will have stop; the political victor will have to be in accord and prepared to deal with the RV and the banks will have to be prepared to process the exchanges…. I think that these events will dictate the time table for the RV to occur. If we’re lucky, the RV will take place in the next two months if they can stop the killing and security can be maintained for the political leaders and indigenous. Adams we need to be schooled on the taxes will will have to face when the RV occurs. Please do what you can. Thanks

David and others wanting VIP access:

Go here
http://dinarvets.com/forums/payments.php
or here
http://dinarvets.com/forums/google-vip.php

The Health Care Bill will be a blessing for many people who cannot afford to stay alive because they can’t pay! It not perfect, but the Bill bring humanity all who live in the country. When we discover something wrong when it is implemented, we can alway ammend and correct. Change is here people, let’s imbrace it!!!!

You can still mail cash dinars to your Warka bank account, its just if they get lost in the post, tough titty
The PM wants the dinar to have more value
The CBI is stopping the daily auctions of dinars for dollars
The govenor of the CBI wants the dinar on the Forex soon
If you had read up on Iraqi law you will find that Iraq cannot join the other countries in the Middle East for the one currency for a number of reasons, one being the Iraq dinar has to be of a value worth haveing
How to avoid crappy tax when we are gazillionairs in the UK check with the main street bank HSBC for thier offshore banking in the chanell islands
Plus to pay even less, get yourself an account with the Warka bank in Baghdad Iraq
To get an account is so easy its just one Email to send
1 open your passport or drivers liesense so you can see the picture, your signature and your address
2 print off a copy
3 Get anyone to sign on any of the spare paper to say that it is you in the picture
4 Scan that in and attach it to an Email to
ifrd@warka-bank-iq.com
5 Short message to say you would like to open an account
Thats it, thats all you have to do, to get your account number very fast from Warka with the how to fund the account, so dont go paying some low life for this easy info

Now then back to telling the tax man to naff off
Get a Cheque book from Warka, and a Credit card, it is a pre pay type, that you Email to load it up with as much as you want and as often as you like
So you can use your CC and check book here in the UK, plus you can have your UK bank account as an external benefisary on your Warka account so you can transfer funds from Warka to the UK online, just make sure you are only bringing in smaller amounts of money into the UK so not to get your UK bank over interested in your banking activaties,and the Tax man gets jack shit from you, if you dont try transfering in very large amounts from Warka you should be OK
You would only pay Tax on your dinars from the amount of profit you made, so whos to know how much you paid for them, and if you wait for just over one year before bringing in larger amounts
I dare say there are members with a better knowledge on the Tax system, so I would be interested on their veiws on the UK Tax system, as you can never have to much info
I am looking at mid June to July for good news on the dinar a little latter as the elections should have been in December, still Iraq has its own version of soon, Iv seen tectonic plates move faster than the Iraqi government at times, the only time they were fast was voteing themselves a pay rise, so that makes them the same as the rest of the worlds Governments grab as much as you can
Check on the Warka bank for all they can do for you and all the bank charges, on
http://www.warka-bank.com/news.php
use the list on the left to check all the bank does
Have a nice day

How’s everyone doing? Can someone show me where we’ll have to pay 52% taxes on our returns with the Dinar? I appreciate the Intel but documentation beats conversation.

Adam, why are we paying taxes on currency we already own? I wouldnt pay taxes on pesos or euros in an exchange for american dollars why would i for Dinar

Kim, a while ago the IMF, IRS, and CBI met to discuss how to communicate and report on major gains made with foreign currencies. The rules are about to change.

Steve, your comment proves that people SHOULD listen when I give news – your information is outdated.

Warka made an announcement that they will no longer be accepting cash mailed to them.

Friends, listen to this ONE bit of advice:

This is an ever-changing situation and you can NOT rely on old information.

Stay tuned.

Adam and all other Dinar holders, I think we are on the right track to a POSITIVE cash flow from the rv of the dinar.
Time is on our side. enuff said.
Thank You!

well, I woke up today reading that the Iraqi Electoral Commision will anounce the election results today as planned… will that bring a new rate soon?? it’s about time…

Well, I’m glad I just bought another million…..now maybe I can afford the taxes. LOL!!! It’s tough being (almost) rich.

hey ADAM, I do not think its a bad news. looks like your CBI contact is more in the rush than we are. tel him to be positif it’ll work out.
the only thing is the 52% of taxes to pay but we’ll find a way arround it.
GOD bless you and every body in this process

Thanks for the information.
what is 52% tax?? this is for us citizen?

Adam, only GOD is saw that we have patient, that we is God creature, and we this pass we think in he.God bless you

In response to GUESS WHO? I think you hit the nail on the head. If there is no RV before converting to GULF DINAR all of this will be just a wash. This would be a way to bring Iraq up to speed with the other nations without making everyone in Iraq millions overnight. Think about it like this. If everyone in the US became rich overnight, who would show up to work the next day?????

P.S. I think I will still hold on to all my Iraq DInar, because this is one fun ride.

Now Maliki wants to kill every sunni and all the new govt members cause he did’nt win.He shot his self on the foot,he could it done this mess 4yrs ago.Hope the new PM will bring us hope.

Thanks for the update. I’m just waiting patiently.
have a bless day everyone.

NOTE FOR HISTORY THIS IS MY FIRST BLOG I HAVE EVER REPLIED TO:
I feel that the World woke up and found that Most-All, really Under Estimated the Will of the Iraqi People, The Old GrandFathers and GrandMothers and their Brothers and Sisters and all the Families with their Vote and that All who Heard, that what I heard was Approx. 65% of the People showed up to cast their true Feelings in a Vote, with the Courage and Truth as Being Now Invested in them as Given Rights for all Iraqi’s at Large, that 65% Voted and thoses 35% that didn’t Vote also Felt the True Freedom from the Bondage. But, didn’t bother to Vote.
I also am now given the challanged by the Mod, their choose to cut and place the freedom to Voice my Expression on this Blog of Dreams come True…
But, the Law of the Land and the resentment from being Wrongly Accused, while holding on to their Passed Down Foundations of Reality of Worth as a People and what they Had had others Tried to take and I Believe that Wrong is Wrong, well all will need to wonder, That feeling if your Fathers, Fathers’ life savings was passed down to his Son, or Doughter. I Doubt that the passing of any Vote to take away 3 Zeros off my Families Savings (and I Saw that Intel was leaked out to all the Land and I am sure it would Be the Same RV in the Country of Iraq and Lop 3 Zeros off my Money that the Government Knows we all trade in that same Dinar Cash, to Pay for Bread or a Phone Card as well as Ride the Taxi and the Holes in the folds and the Blood on the head of the Horse,are all warn out in all my 50/250/500/1000/5K,/10/ Bills. I woulf Vote to Have that person that would speek-up and stand for the People and, I feel that the People Spoke and Picked his man…

This is not my Blog So I will Slow, by saying.

It would make more sense to have Dr. Saad Al-Barraq run the Transtion Team as now that he has resignation to a Kuwait Company Raid as Region Wide 70,000,000 G-3.5 Network Sms Phones users strong, and Just Quit! Why?
Then, Let the Dinar be the Natural Worth and that is; “What a Normal Person is Willing to sell and a Buyer is willing to pay, Is Fair Market Value, and if it Happens to be the Reality of the IMF, IRS, and CBI to be of Value more then Kuwait, Barain Dinar or Oman Rials, By a ever Larger 21-Century Mind-Set for the Future then the GBP/USD and the Euro even the Gulf Dinar would ever Know the “Pulling of the Trigger” (Per Adam Montana; Quote) and They Might not need to Go into the Gulf Dinat Because I Feel that there may be another Source Reason to keep from anything but a Reinstatement Plus Mind-set to the Dinar. Because, Just West of them is Syira, Lebanon then the Med. Sea and Oil and Natural Gas Shipped For everyone, No Need for Opec Countries or Gulf Dinars, Iraq must care for Iraq.

Why Not See as that, somewhere the People Won!

I’ve been thinking just one unspoken truth, it’s just when everyone thinks something is a great deal that it’s not. People have probably bought more dinars than there are dollars in the world. Redeeming them for dollars 1:1 just doesn’t seem practical for Iraq to do.

Silence is Golden! In this day and age that old statement is not true. What’s coming? Anyone have any news – good or bad?