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

I want to ask for every one's help here. I want to attempt to figure out the

amount of currency, in country that Iraq NEEDS to operate on a day to day

basis. Perhaps one of our better informed members already has an idea on this.

If so please PM me.

What I would like are links to news articles, or just the information from them, that talks about the amount of income for

1. the average Iraqi

2. members of parliament

3. the various government ministers (also, any information that may give us an

idea of the number of ministers)

I believe that if we can get an idea of the amount needed for daily life in Iraq,

we can get a rough idea of the currency in country, currency that may be in

the hands of foreign governments, and most importantly, the amount the CBI

needs to remove from circulation in order for us to see a large movement.

Please PM me if you have any links or info that may help.

Thanks and have a great day!!!

Originally Posted by Kevmo

Just from my own experience, I received 1 million in circulated 25K notes sometime around July or August 2004. I was very suprised at how worn they were and one even had tape on it to hold it together. Being a cash based society, they have to use them to buy whatever is available. I'm not saying that replacement of worn out dinars is highly significant, only that it is something that must be taking place and it is another unknown variable in the reduction of dinar in circulation given that there is no evidence that there has been subsequent orders from de la rue since the initial run.

My order from Iraq dinars Dinar Trade yesterday, in 1/2 million of 5k's. Half the order was circulated. One that looked like it had been folded and kept in a pocket for a time. I called Ali and ask him about the circulated notes. His responce was that the smaller Denominations of 1k's 5k's and 10k's are Harder and Harder to get.

Originally Posted by Kevmo

Just from my own experience, I received 1 million in circulated 25K notes sometime around July or August 2004. I was very suprised at how worn they were and one even had tape on it to hold it together. Being a cash based society, they have to use them to buy whatever is available. I'm not saying that replacement of worn out dinars is highly significant, only that it is something that must be taking place and it is another unknown variable in the reduction of dinar in circulation given that there is no evidence that there has been subsequent orders from de la rue since the initial run.

Originally Posted by neno

My order from Iraq dinars Dinar Trade yesterday, in 1/2 million of 5k's. Half the order was circulated. One that looked like it had been folded and kept in a pocket for a time. I called Ali and ask him about the circulated notes. His responce was that the smaller Denominations of 1k's 5k's and 10k's are Harder and Harder to get.

Up until July when I started buying from Chase, everything I purchased (from a dealer) was uncirculated. All of the orders I have received from Chase have been worn, although not in bad shape. All bills have been 25K. I've yet to see anything different from any supplier. Chase will give you the option of what size bills when you order, but it doesn't seem to matter.
And Kevmo, I was just having a go at the purchasing power not your post.

How do we know this? Rumor or fact?

Originally Posted by shotgunsusie

link?

their business year doesnt start until the 2nd. we know they are starting the budget with the revalued dinar. how hard is it to guess? and what time zone are you having this fantasy about??

dont just make random statements without a IN MY OPINION notation or I THINK or SEEMS TO ME.

this is the NEWS THREAD, IF YOU HAVE A PREDICTION TAKE IT TO RUMORS/PREDICTIONS.

Originally Posted by opps50

How do we know this? Rumor or fact?

I think it's fact. Even if they start the new year at the current rate of 1380 it is the revalued rate(from 1470)...

Originally Posted by One Oar

And Kevmo, I was just having a go at the purchasing power not your post.

No problem, I didnt take it that way.

Originally Posted by phone guy

are you paying the price I see going on that site?And if so why not go to chase?THANKS

I don't pay those prices. Thanks for your concern though.

OK, it was just an ordinary ... rumor.

Originally Posted by lndmn_01

I think it's fact. Even if they start the new year at the current rate of 1380 it is the revalued rate(from 1470)...

[QUOTE=billknows;151333]

Originally Posted by Raditz

Wouldn't this be something - to discover that the CBI is slipping lower denominations into circulation. Certainly it's a possibility and certainly it's an action they would need to take at some point in the near future.

If they are not listed at the CBI i doubt they are being put into circulation

Originally Posted by One Oar

Good point. But as worthless as their money is right now and with so little goods to buy, how much wear is their currency really getting.

True but with Iraq being mostly cash based vs the US. You would think that their currency would wear out faster.