Thread: Iraq/Dinar News up until March 18th Midnight ctz

Originally Posted by bambiebdgrl

You are correct with the fact that we all have the same goal in mind, my point was, its not an "if" its when. I was just tying to be supportive, not looking for anything else.
Leann

Only death is for sure. But if you want to labour your point..........

Originally Posted by shotgunsusie

actually, youre wrong about the fact that they dont have laws in place. in news of the last year you might have noticed that they have indeed implemented a system to guarantee bank deposits much like our own. as well as laws attached to the fil which will protect foreign investment.

trust me, they arent about to invite investors into that country without laws and means to protect their investments. what would be the point???

Actually I'm not wrong...currently there are no laws in place to protect foreign investors. Undoubtedly that will change but at the present time if Warka or ISX decides to rip you off...and I'm not saying they will...you have no recourse.

Originally Posted by Seaview

I didn't say it couldn't or wouldn't happen. I gave you an obvious reason why investing with Warka/ISX is not such a huge risk if one is an invested Dinar Speculator anyway. Physical Dinar.

Your worse case scenario is assuming anyone with Warka/ISX doesn't hold physical Dinar. Bit of a stretch? Perhaps you should go back and reread.

You're missing my point entirely...I didn't mention physical dinar. Perhaps you should go back and reread.

Originally Posted by Lunar

You're missing my point entirely...I didn't mention physical dinar. Perhaps you should go back and reread.

I got your point. You didn't like the obvious answer. Warka/ISX investors are apparently way ahead of you on this. What part of the below statement do you not understand.


'If Warka/ISX 'hits the road'. It will be offset by physical Dinar people who have invested in Warka/ISX are holding.
Guess we won't need to sue. We will have offset it.'


That's working on the basis that the Dinar weather it be physical/Warka/ISX pans out anyway. If not - urm - EVERYBODY looses.


P.S. - If the Dinar speculation doesn't pan out - who are you going to sue? Your bank/dealer for selling it to you? It's all a risk.

Originally Posted by Seaview

I got your point. You didn't like the obvious answer. Warka/ISX investors are apparently way ahead of you on this. What part of the below statement do you not understand.


'If Warka/ISX 'hits the road'. It will be offset by physical Dinar people who have invested in Warka/ISX are holding.
Guess we won't need to sue. We will have offset it.'


That's working on the basis that the Dinar weather it be physical/Warka/ISX pans out anyway. If not - urm - EVERYBODY looses. *Just for the record it's "loses"

P.S. - If the Dinar speculation doesn't pan out - who are you going to sue? Your bank/dealer for selling it to you? It's all a risk.

I bought my IQD in Iraq and I knew the risks. Enough said...

Originally Posted by Lunar

Actually I'm not wrong...currently there are no laws in place to protect foreign investors. Undoubtedly that will change but at the present time if Warka or ISX decides to rip you off...and I'm not saying they will...you have no recourse.

read these posts and tell me my money in warka and the isx right now is in any way shape or form in any danger of being ripped off.

http://www.rolclub.com/163873-post27.html

http://www.rolclub.com/174485-post614.html

http://www.rolclub.com/174486-post615.html

http://www.rolclub.com/142715-post28616.html

Originally Posted by shotgunsusie

read these posts and tell me my money in warka and the isx right now is in any way shape or form in any danger of being ripped off.

http://www.rolclub.com/163873-post27.html

http://www.rolclub.com/174485-post614.html

http://www.rolclub.com/174486-post615.html

http://www.rolclub.com/142715-post28616.html

Posts in Rolclub don't constitute a binding law....if you're secure in your knowledge that Warka and the ISX can't rip you off...that's all that matters.

Not sure how good this translation is but I think this is important....


Strike : the decision to lift the value of the Iraqi dinar was the result of studies value


Translated version of http://foratnews.com/paper.asp?ID=2819



"He said the Finance Minister Baqir Jabr counterpart that the Iraqi dinar is Melhoudha improvement during the current period.
He added that the strike caused fluctuations in the local market due to some rumors that arise for blocking this improvement
He added that the Iraqi Central Bank's decision to raise the value of the Iraqi dinar against foreign currencies is the correct decision and is the result of studies aimed to raise the value of the purchasing value of the Iraqi citizen before everything else.
He pointed out that the ministry plans absorbed all future programs in the budget for this year in order to stimulate the Iraqi economy properly. "



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Originally Posted by Lunar

Actually I'm not wrong...currently there are no laws in place to protect foreign investors. Undoubtedly that will change but at the present time if Warka or ISX decides to rip you off...and I'm not saying they will...you have no recourse.

Lunar, you are SPOT ON!! I would not even consider a Warka account at this time. Best to hide those stinky dinars in the old safe deposit box.

Originally Posted by danny51

Lunar, you are SPOT ON!! I would not even consider a Warka account at this time. Best to hide those stinky dinars in the old safe deposit box.

Thanx Danny...until laws are put in place to protect foreign investment it's still too big of a risk. IMO