Thread: I urge everyone.....

Was doing a little digging and came up w/ this:

On 25 February, Al-Baghdadiyah cited a source a the Central Bank of Iraq as saying that the exchange rate of the Iraqi Dinar will rise significantly against the US dollar during 2006, adding that all policies will be adopted to improve the exchange rate of the country's national currency.
http://www.noozz.com/Iraq/ViewArticl...ticleId=141183

Originally Posted by Adster

Wrong, if you go onto the IMF's website you will see an OFFICIAL rate back in the 80s and early 90s which was the official recognised rate.

The Dinar under Saddam was never traded outside of Iraq at the 3.22 price. Show me where it was traded anywhere back in the days of Suddumb and I will recant myself.

Originally Posted by Petert

Hi Adster,

Havent spoken for a while - how are you ?

I have to agree with you to a large extent and hope that we are both right !

Just a thought though. Assuming that 1 Dinar is worth $1. Here in the UK where are we going to be able to exchange these for $, or even £ for that matter. I can hardly walk into Thomas Cooks currency exchange and exchange 100,000 dinar for $100,000, and my bank wont accept them either.

I would welcome your thoughts, mate.

Cheers

Peter

Hi Peter,

Good to hear from you. :0) Good thanks.

Don't worry, any bank dealing in foreign currency will exchange your dinar. If it's not your own bank other banks will be jumping at the chance of exchanging them for you!

Speak soon.

Adster.

If you purchase just one 25,000dinar for 50$ and it goes to $0.80, you will have made $20,000 (minus exchaning fees). Now if it pegs out at $1.00: $1.00 you have made 25,000$ for 50$. On the topic of it pegging, all indications are strong that this will peg and soon. They need to bring in the infrastructure, and to do that they need outside construction firms to do that. The construction firms which I deal with daily who are international contractors do not work for free, and they are costly. Until the stablility is there, they will not risk their people.

Without being able to earn money in dinar, they will not get the workers that they need. Right now, inside contractors are having a problem in this area. So it is important and time critical to get the dinar established so they can go on with the building of their infrastructure.

They can't go on limping along, as Adster stated the US and the UK have a lot to loose not to mention the very people of Irqai.

Originally Posted by azmia

If you purchase just one 25,000dinar for 50$ and it goes to $0.80, you will have made $20,000 (minus exchaning fees). Now if it pegs out at $1.00: $1.00 you have made 25,000$ for 50$. On the topic of it pegging, all indications are strong that this will peg and soon. They need to bring in the infrastructure, and to do that they need outside construction firms to do that. The construction firms which I deal with daily who are international contractors do not work for free, and they are costly. Until the stablility is there, they will not risk their people.

Without being able to earn money in dinar, they will not get the workers that they need. Right now, inside contractors are having a problem in this area. So it is important and time critical to get the dinar established so they can go on with the building of their infrastructure.

They can't go on limping along, as Adster stated the US and the UK have a lot to loose not to mention the very people of Irqai.

Good post my friend.

Someone also posted on another forum, will they reprint the notes? My answer was, 'that would be like running naked across the White House lawn sticking two fingers up at GW'. Not going to happen.

We're sooooooooooooo close, we really are. I can smell retirement, lol.

Originally Posted by Adster

Good post my friend.

Someone also posted on another forum, will they reprint the notes? My answer was, 'that would be like running naked across the White House lawn sticking two fingers up at GW'. Not going to happen.

We're sooooooooooooo close, we really are. I can smell retirement, lol.

Hello All

I have been looking at this opportunity for a while and have been VERY skeptical about it. With the US military involved I just thought that it may not be worth it. But if the presence of the US military are reduced somewhat and the US actually lets Iraqis run I Iraq then I believe this is what will facilitate a major turning point. And I agree. I think it is WAY TOO LATE and there are WAY TOO MANY in this "game" now for them to switch to another currency at this point. If they do if would be like a new company telling its stock holders that they are dropping them for other stock holders. I cant see that happening.... Interesting.... I might decide on this one here soon.....

Originally Posted by Pippyman

Hello All

I have been looking at this opportunity for a while and have been VERY skeptical about it. With the US military involved I just thought that it may not be worth it. But if the presence of the US military are reduced somewhat and the US actually lets Iraqis run I Iraq then I believe this is what will facilitate a major turning point. And I agree. I think it is WAY TOO LATE and there are WAY TOO MANY in this "game" now for them to switch to another currency at this point. If they do if would be like a new company telling its stock holders that they are dropping them for other stock holders. I cant see that happening.... Interesting.... I might decide on this one here soon.....

Don't leave it too long....