use common sense!!!!

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24-07-2007, 06:34 PM
peoples

use common sense!!!!

first off dont be fooled into thinking your paper dinars will be worth millions,wont ever happen.lets look at the kuwaiti dinar after liberation the currency appreciated extremely fast due to the cancellation of the 20 dinar bill(vitually all these where stolen by iraq) this situation didn't justify cancelling all there currency as worthless.iraq has printed new money on the other hand to immediately pay off debt,there banks are dumping huge amounts of newly printed dinars for other world currency.kuwaiti dinars are printed on bills no higher than 20 dinar notes.why? cause no bills marked 25,000 will ever be worth 25,000 us or even close. too much incentive for counterfeiters!!!!!look at the peso produced in mexico before their currency crash and the new peso.BIG difference the old peso has a totally different exchange rate(worthless).THE ONLY WAY TO HEDGE YOUR BET IN THE NEW DINAR, hold it in a trustworthy bank.i would suggest you open a kuwaiti bank account or iraqi bank, good luck!!!!!
24-07-2007, 06:36 PM
Gloribee

Quote:

Originally Posted by peoples

first off dont be fooled into thinking your paper dinars will be worth millions,wont ever happen.lets look at the kuwaiti dinar after liberation the currency appreciated extremely fast due to the cancellation of the 20 dinar bill(vitually all these where stolen by iraq) this situation didn't justify cancelling all there currency as worthless.iraq has printed new money on the other hand to immediately pay off debt,there banks are dumping huge amounts of newly printed dinars for other world currency.kuwaiti dinars are printed on bills no higher than 20 dinar notes.why? cause no bills marked 25,000 will ever be worth 25,000 us or even close. too much incentive for counterfeiters!!!!!look at the peso produced in mexico before their currency crash and the new peso.BIG difference the old peso has a totally different exchange rate(worthless).THE ONLY WAY TO HEDGE YOUR BET IN THE NEW DINAR, hold it in a trustworthy bank.i would suggest you open a kuwaiti bank account or iraqi bank, good luck!!!!!

Um, ah, sure. OK

Bee
24-07-2007, 08:26 PM
phiberoptik

Quote:

Originally Posted by peoples

first off dont be fooled into thinking your paper dinars will be worth millions,wont ever happen.lets look at the kuwaiti dinar after liberation the currency appreciated extremely fast due to the cancellation of the 20 dinar bill(vitually all these where stolen by iraq) this situation didn't justify cancelling all there currency as worthless.iraq has printed new money on the other hand to immediately pay off debt,there banks are dumping huge amounts of newly printed dinars for other world currency.kuwaiti dinars are printed on bills no higher than 20 dinar notes.why? cause no bills marked 25,000 will ever be worth 25,000 us or even close. too much incentive for counterfeiters!!!!!look at the peso produced in mexico before their currency crash and the new peso.BIG difference the old peso has a totally different exchange rate(worthless).THE ONLY WAY TO HEDGE YOUR BET IN THE NEW DINAR, hold it in a trustworthy bank.i would suggest you open a kuwaiti bank account or iraqi bank, good luck!!!!!

you cant buy a car, rent a house, get a job, or open a bank account in kuwait with out a resdency id card ( for which you at the very least need to be living in kuwait and sponsered to do )
24-07-2007, 11:23 PM
Funkdafied

Quote:

Originally Posted by peoples

first off dont be fooled into thinking your paper dinars will be worth millions,wont ever happen.lets look at the kuwaiti dinar after liberation the currency appreciated extremely fast due to the cancellation of the 20 dinar bill(vitually all these where stolen by iraq) this situation didn't justify cancelling all there currency as worthless.iraq has printed new money on the other hand to immediately pay off debt,there banks are dumping huge amounts of newly printed dinars for other world currency.kuwaiti dinars are printed on bills no higher than 20 dinar notes.why? cause no bills marked 25,000 will ever be worth 25,000 us or even close. too much incentive for counterfeiters!!!!!look at the peso produced in mexico before their currency crash and the new peso.BIG difference the old peso has a totally different exchange rate(worthless).THE ONLY WAY TO HEDGE YOUR BET IN THE NEW DINAR, hold it in a trustworthy bank.i would suggest you open a kuwaiti bank account or iraqi bank, good luck!!!!!

Oh and BTW they can't reprint for at least another year or more. According to the IMF.
25-07-2007, 12:05 AM
STORMS

Quote:

Originally Posted by peoples

first off dont be fooled into thinking your paper dinars will be worth millions,wont ever happen.lets look at the kuwaiti dinar after liberation the currency appreciated extremely fast due to the cancellation of the 20 dinar bill(vitually all these where stolen by iraq) this situation didn't justify cancelling all there currency as worthless.iraq has printed new money on the other hand to immediately pay off debt,there banks are dumping huge amounts of newly printed dinars for other world currency.kuwaiti dinars are printed on bills no higher than 20 dinar notes.why? cause no bills marked 25,000 will ever be worth 25,000 us or even close. too much incentive for counterfeiters!!!!!look at the peso produced in mexico before their currency crash and the new peso.BIG difference the old peso has a totally different exchange rate(worthless).THE ONLY WAY TO HEDGE YOUR BET IN THE NEW DINAR, hold it in a trustworthy bank.i would suggest you open a kuwaiti bank account or iraqi bank, good luck!!!!!

Another one that does not no what he is talking about. ( JMO )

:beer:
25-07-2007, 03:09 PM
Inscrutable

Quote:

Originally Posted by Funkdafied

Oh and BTW they can't reprint for at least another year or more. According to the IMF.

You have a link to this fact? I heard some talk about this but never read it from the IMF.