Thread: Iraq/Dinar News. 09/05 to 01/14/07

Originally Posted by aeara

hope it's not an omen that this is being touted within a forum based on pips.

Omen, no, Godsend, maybe. (g) The forum started with the hopes and dreams riding on only PIPS, but lets face it, with what we have seen, or not seen, depending on how you look at it, I think it is great that forum has kept alive the hope by allowing other enities which have kept many of us from going crazy. (g)

I will say this though, I'll bet that Iraqi dinar comes through for us before PIPS ever does. Hope is eternal, but not hope in one entity or one person, that is a lesson we have all learned over the years, not just in PIPS. Too bad Bryan didn't hedge his mystery investments with a real hard currency investment in dinars. We wouldn't all be sitting here hoping if that were the case, we would all be secure in knowing that PIPS had some viable asset other than the virtual kind which no one has ever seen. Imagine if he had put a million US into dinar?

Good luck to all, Mike

Do we have any trading experts here? My take is that the banks are starting to get ready to trade the dinar. I've seen and heard it listed on a couple of other sites I've posted here. Will post if I hear anything else.

http://www.bmo.com/economic/regular/fxrates.html

http://ddts.zoto.com/img/40/d29bdaa1...64f7784d4e721-


OK I got to look at the screen shots and the banks and Forex financial companies are bona-fide.

It is interesting to note that some are buying and selling the dinar within minutes, nobody is buying and holding for any period of time. This is not how a Forex trading occurs. This strongly suggest that these banks aren't actively trading but rater actively testing the system.

Some of the bank such as Saxo Bank, Barclay's, National Bank of New Zealand etc are heavy hitters in the FOREX world. There's the Hong Kong Forex Ltd, and GFT Forex to name but a few. But all trades behave the same way within one minute or so. This SMELLS of testing to me.

Now one may well ask, why are such heavy hitters playing Forex with Iraq if the dinar isn't going to go international. They are testing because of the very reason they anticipate it going international. If that be the case, then it implies that the dinar is going to be convertible, I can't imagine all these institutions playing Forex on a daily basis, if the currency isn't going to be convertible.

The fact the these banks are well known, lends credence to the fact the the Dinar is regard a worthwhile currency to lend the banks' attention to the dinar and its tradability on the Forex markets.Same banks are also multi-test trading both Euro and USD spot rates to the Dinar (IQD).

Why do we need two currency codes if the dinar is going to launch but not RV at some time in the future? Only one code would be needed, if it were to be a dinar launched at its present rate and at a slow climb.

If the the dinar was to RV, couldn't they put the change in value on the same chart? The answer is yes they could, but would they? When analyzing the historical prices, to predict a future price or trend, the 1460 would skew the RV rate and cause future price movement to be unreliable in trend and price prediction. Keeping the rates separate preserves reliability. Also, if it were the CBI's intention to put two different values on the one currency code, then why create the two at this time. I make sense that there is a purpose for the two.

So what have we found. Well there is tangible proof, that dinar MAY very well be phasing in a Forex introduction evidenced by the currency pair of EuroIQD and USDIQD and IQN. The evidence of 2 currency codes may well indicate a possibility of a reval to occur. The bank code evidence clearly identifies that main Forex banks are interesting in testing the dinar.

All very good in my opinion.

And this one showing the US to the Dinar.

http://ddts.zoto.com/user/image_deta...aded-desc/0-30

hey adster...fellow pipster here...i was wondering if u could answer a few questions for me...sure would appreciate it...how mny dinars would 2000.oo us dollars buy right now?/.....how and who could i purchase them from?....and what banks do u know of would make them good in coming months if they work out?..really am interested ...and u seem to know more then anyone else on here...any answers u can help me with will b appreciated...thanx...Pat

Originally Posted by bigopie

hey adster...fellow pipster here...i was wondering if u could answer a few questions for me...sure would appreciate it...how mny dinars would 2000.oo us dollars buy right now?/.....how and who could i purchase them from?....and what banks do u know of would make them good in coming months if they work out?..really am interested ...and u seem to know more then anyone else on here...any answers u can help me with will b appreciated...thanx...Pat

Welcome,

As to your questions, you can still purchase new dinar in the range of just under $1,000. per million dinar depending where you are located based on shipping. It is getting more difficult the closer we get to the discussed peg or revalue as it is referred to, but the door is still open to get in on this deal.

As to where you will be able to excahnge, everywhere in short order after peg is made, so you don't have to worry about that. In fact, HSBC will be best outlet as they have branches everywhere, including Iraq, so they will be one of first who exchange dinar.

Good luck to all, Mike

bigopie,

Email me at [email protected] if you want a contact dinar dealer.

Cheers.

Adster.

adster...i tried to e-mail u at the addy u left...my computer is not set up to e-mail u for some reason...i would have to download some software i am not familiar with..is there another addy u can have me e-mail u at???.....i would really like more information on the dinars....thanx...Pat

ohhh and i am in church point' louisiana.....if that helps any..thanx...Pat

hey mike..thanx..thats good to know that HSBC might b handling the dinars because i have a couple of credit cards with them already....lol...thanx for the info...any guidance u and adster can give me will b appreciated......everyone have a nice day...Pat