I found this very interesting on a forum today. Take it as it is, as far as I'm aware it's totally genuine as the source of this post has always been reliable and not one to tell stories...I was more interested in the meeting with the bank as this shows banks are starting to get involved with the Dinar and gearing themselves for when it all happens.
Great news.
It all makes for very encouraging times ahead. For those that have ordered, thanks again. IMO and the research I've done a peg is not far off. My own thoughts are before the end of January 06 at a rate of .33 to the dollar.
So I've been away and come back to see my posting up and all these questions... Sorry that I've left everyone hanging.
To make things very clear, I went to my bank (UMB Bank United Missouri Bank, Kansas City) a few weeks ago to do a wire transfer. My personal banker didn't know that I was transferring money to my Dinar contact but it did promt me to ask her when they were planning on exchanging Dinar. She said it was funny that I should ask, because they had this last minute meeting this morning about that new Iraqi currency. I asked her how much it would cost to exchange and she said that it would be free because there will be a lot of people wanting to do the exchange and we want to keep their business (or earn their busines because you can't exchange currency without opening an account.) I asked her how long it would take to make the exchange and she said that it would take about five business days and then you will get the funds credited to your account based on what the current exchange price was for that day; the day that you dropped the physical currency off at the bank and they would give you a receipt stating what to expect to be depostited into your account. I told her how much I had and she became very quiet... She said a few words about appreciating me keeping my business with them for so long, I'm not sure the exact details to quote verbatum, but the gist was that it dawned on her how much USD this could potentially add up to be. I asked her when she was told that they would start exchanging the Dinar and she said that she wasn't told when, but to expect it to be a very real and common thing for people to ask about and need assistance with in the future. I asked in a few months, a few years? She said, I really don't know. I asked her several other questions and she had to call the foreign exchange department and they were busy on other calls.
Subsequently, I returned to my bank yesterday and spoke with the branch manager and he had very little info. My PB knew more than he did. What he did tell me was that no matter what the amount of Dinar you take in to exchange, he said that the FEDS will be monitoring every single transaction. "Due to the nature and origin of this currency". This seems pretty impossible to do, but then again, all banking transactions are done via computer, so maybe this wouldn't be that hard to monitor. He was very tight-lipped about amounts to exchange, taxes, etc... All of that was info I already new, and when he would start to say something about that, I would say, I know... I know... you can't legally tell me that I can't go over $10K USD without reporting it, blah, blah blah... He doesn't like me... He's a proceedurally minded bean counter and I tend to not connect well with personalities of his type. So, my PB left work early Thurs. due to feeling ill and will be back on Monday. I had him take notes concerning our conversation and she will be calling me to let me know if there have been any updates on this issue.
Now, that's my story. I told this a few weeks ago, and somehow, got blasted for mentioning how much Dinar I was buying (Who Cares? That wasn't the point of the story!!!) Also, somehow someone decided to say that it was Bank of America... I don't have an account there, so I have no info about BoA.
Please feel free to IM me or whatever. But this is pretty much all I know. I do know more about what my source is and has been telling me, but I am very cautious to post, I don't like getting blasted and asked to prove it when all I can do is say that this is what I'm being told... which is: possible peg of .05 by end of Jan. which CBI if fighting. Also, CBI is planning a .33 peg by June-July with a float up to 1:1 in 12 months to follow the .33 peg. I'm being told this is what the CBI has had planned for a long time and they are in communication with Warka gearing them up for this. I don't know what that means, but that is what I'm being told.
Again, I don't have proof of any of this. I think I've put enough disclaimers within this post to support that, but wouldn't it be great if it were all coming together, finally? Please make your own decisions based on your own good commen sense and due diligence concerning this investment...
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05-11-2005, 06:31 PM #11
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Zubaidi:Monetary value of the Iraqi dinar must revert to the previous level, or at least to acceptable levels as it is in the Iraqi neighboring states.
Shabibi:The bank wants as a means to affect the economic and monetary policy by making the dinar a valuable and powerful.
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05-11-2005, 06:41 PM #12
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More positive wonderful news. I think another million Dinar are in order here,
Have a great day!
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05-11-2005, 06:45 PM #13
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Adster.
Interesting post, I'm currently tracking the same thing.. Also if anyone are interested in more Dinar INFO/TRACKING, go to our FORUM: investorsiraq.com and see what those HARDCORE Dinar Trackers are saying
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05-11-2005, 07:36 PM #14
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feelgood2,
Agreed, need to get up past the 5 million mark!!
teambizop,
Yes it is a great forum, am registered there myself. ;0) in fact the above post was from there.Zubaidi:Monetary value of the Iraqi dinar must revert to the previous level, or at least to acceptable levels as it is in the Iraqi neighboring states.
Shabibi:The bank wants as a means to affect the economic and monetary policy by making the dinar a valuable and powerful.
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05-11-2005, 08:17 PM #15
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Whhooppsss,
Forgot to mention, you earn 50 Dinars for every person you sign up. And it's ALL FREE!!
And that's on top of your 250 free Dinars for initially signing up!
Got to be done, nothing to lose!Zubaidi:Monetary value of the Iraqi dinar must revert to the previous level, or at least to acceptable levels as it is in the Iraqi neighboring states.
Shabibi:The bank wants as a means to affect the economic and monetary policy by making the dinar a valuable and powerful.
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05-11-2005, 09:12 PM #16
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Hi again all,
Just a follow up to the long message above. This was the forum member's following post, well worth a read.
Just wanted to thank everyone that responded to my post. Kind words from all and the PM's are overwhelming. My girlfriend had foot surgery recently and is stuck at her home wanting some company. She doesn't have an internet line and that's why I've been absent on here latetly.
Anyway, there is no way I could respond to all of the PM's and be a good care-giver to my GF, so I will try and get everyone's questions answered ASAP.
Most of the PM's were people asking about how much I trust my source, am I over 'there' in Iraq, etc... So, as a general response: I'm just some regular guy, non military, lives in the USA, I trust my source, and have just gotten very lucky to make some really good connections concerning this currency.
One question via IM was addressed that I did want to answer: The CBI is fighting the .05 Jan. peg as they don't want any last minute speculators before the .33 and 1:1 peg. Which makes a lot of sense... They either want a stronger peg or none at all until Jan. This is what I'm being told and again, I really do trust my source. He meets with the Pres. of CBI twice a month (I think he said the Pres. of CBI, I'm not sure, I should call him to validate that. But I do know it is a high official of the CBI) and has meetings with the Pres. of Warka as well. What he tells me, he is being told by these people. This is why I trust him.
So, I'm off to hang with my G/F and will keep any news heading your way...Zubaidi:Monetary value of the Iraqi dinar must revert to the previous level, or at least to acceptable levels as it is in the Iraqi neighboring states.
Shabibi:The bank wants as a means to affect the economic and monetary policy by making the dinar a valuable and powerful.
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05-11-2005, 09:36 PM #17
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What is CBI?
Central Bank of Iraq?
Caroline
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05-11-2005, 09:42 PM #18
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Yes Caroline. It is their decision to put a value on the Dinar.
I should just add that the above posts were not from a Dinar dealer and so had nothing to gain by saying what he has done.Last edited by Adster; 05-11-2005 at 09:52 PM.
Zubaidi:Monetary value of the Iraqi dinar must revert to the previous level, or at least to acceptable levels as it is in the Iraqi neighboring states.
Shabibi:The bank wants as a means to affect the economic and monetary policy by making the dinar a valuable and powerful.
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05-11-2005, 10:06 PM #19
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250 dinar for free that's nearly 13 cents worth at today rates
250 dinar for free that's nearly 13 cents worth at today rates and another 2 1/2 cents for everyone I sign up
but soon these will be worth 600 times this and a little later say a year 1950 times this what a kind and generious offer
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05-11-2005, 10:27 PM #20
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Flocky, thought it was too good to be true, you've been far too quiet. Maybe as an Aussie you are currently watching live play of France whipping your butts at Rugby Union, lol.
As the song goes it's 'Money for Nothing'. 250 Dinars could be worth anything up to 250 Dollars in time. :0)
Why do you NEVER have anything good to say or add? A forum is about sharing information, why do you never give to Rolclub apart from ripping posts/threads to pieces?
Marek asked me to be a moderator a while back. I declined as didn't have the time to do it. That was a couple of months ago. I might take him up on the offer now. And you know what? You'd be the first one I'd BAN.Zubaidi:Monetary value of the Iraqi dinar must revert to the previous level, or at least to acceptable levels as it is in the Iraqi neighboring states.
Shabibi:The bank wants as a means to affect the economic and monetary policy by making the dinar a valuable and powerful.
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