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

So, what is $14,800 x 25 million... sorry, my calculator shows error!

Whatever it is it's an awful lot of money... billions!

Neil

So you think it's gonna be cheap to kickstart the ecomony of a counrty of Iraq? Thats a lotta money huh? So is a lot of other things. There is about 300 million people in the US, imagine if half of them paid $20000 a year in taxes, what would that be? Well it would be $3000000000000 is it possible that something like that is impossible? Could something like that actually happen? Thats a three with twelve zeros behind it, thats a large number, and this is dollars were talking about here, I mean a downright huge number. But does that mean it couldnt happen?

Originally Posted by shotgunsusie

once again, the banks WILL NOT CASH IN THE ENTIRE CHECK AT ONCE. THEY WILL REQUIRE DEPOSITS TO BE MADE. STIPULATIONS I BELIEVE THE ARTICLE STATED.

ok, now the bank gets 27 M accounts of 10 grand each, how much dinar can they then have to cash out checks??? lol

ONLY the state run banks, that are backed by the cbi reserves, are handing out the dinar al rafidian and al rasheed i believe it is.

Also doesn't it mean that the iraqi is using his dinar 'as it is now at least equal to a dollar if not more' as only dinar in country, for the most part. So again the purchasing power increases with imports but things made there and already imported will be adjusted according to the exchange rate. So the "danger" for the cbi is really outside investors exchanging for other currencies. The Iraqi won't because, now after all what would be the point, now that it has at least the same value as the dollar! And from what I have read the backing will come from more than just the cbi but the funds the US and maybe other countries have set up to protect the dinars new value. The iraqi's overnight will have a much better purchasing power with the dinar as opposed to the dollar, which is what they want and need!
CLM

Originally Posted by PopaDinar

BTW...

In terms of banks open and banks closed...

My one primary bank is a credit union, they are closed...
But I have seen 2 of the local branches of First Citizen open and Southern Community bank and trust...

So, some are open but some are not...

It's likely that it is a required holiday for federal chartered banks, and that state chartered banks may not be constrained from working.

Originally Posted by tim410

Things are not looking that rosy, can we continue until Christmas?

Bush’s Chernobyl Economy; hard times are on the way

By Mike Whitney

11/08/06 "Information Clearing House" -- -- In the next few months, a financial crisis will arise somewhere in the world which will jolt the American economy and trigger a swift and precipitous decline in the value of the dollar.

This is not speculation; it will happen and there is nothing that the Bush administration can do to stop it.

All of the traditional supports for the dollar have been removed by the shrinking economy, a massive $800 billion account deficit, dramatic increases in the money supply, and the reckless manipulation of interest rates.

Rest of report @
Bush’s Chernobyl Economy; hard times are on the way

The newly voted in House and Senate decide to sell all of the USA reserves of Iraq dinar so the country will have noting to do with it after the January withdrawl. The very next day it reval's @1.48 to the us dollar and the country goes broke with the exception of the people who held on to their dinars.

Originally Posted by shotgunsusie

sure it is, hence why i told you that, lol.

Got it.

Sure any reval will happen before January.

Originally Posted by Jola

I just got back too. I have placed an order for 2 mil with no problems. I guess it depends on the branch. So, who knows, maybe every branch has its own policy or what?

Just went to a different Chase branch and was able to place an order. Maybe the teller hadn't heard about not selling as of this week. Well I'm glad I was able to get some more after all.

I really don't think the branch I've been buying from for 2 months would stop selling to me unless they really were told that they can't anymore from a corporate level. I guess it's possible that some branches may have looked at the memo and wondered why anyone would buy IQD and just didn't think it was necessary to pass on the information to the rest of the branch.

I haven't posted on here often, but read almost every posting every day. I know I've seen it a long time ago, but can't recall at what time of day, Iraq time, that the CBI opens on Sunday (there).

Also, is that were we expect to see the change when it comes or will be on the FOREX. I've read conflicting stories and don't quite recall.

I am sure you all will know and post it and my husband and I have practiced our WOOOOOOOOOOOOOOOOOOOOOOOOOOTING, and we also have Champaign chilled for the occasion.

We really appreciate all the hard work all of you put in on this forum. I also check out 5 other forums and some of them seem to be in a coma. This one is so informative and lively.

I need to make a retirement decision in the next 6 weeks and hopefully, it will be an easy one.

So, please have patience with my questions, but would like an answer as to what time the CBI opens. I am on the West Coast.

Again, thank you ALLLLLLLLLLLLLLLLLL for your hard work.

Oh, and one more thing - HAPPY BIRTHDAY SUSIEGIRL!!!!!!!!!!!!!!

To all dinar purchasers at Chase Bank

I live in Edmond, OK and have purchased dinars from our local Chase branch here at 15th and Broadway on three separate occasions. After reading all the posts about being able and then not being able to purchase dinars I decided to go to the bank and see for myself. I went to the same teller that I purchased dinars from in the past. She remembered me. I said I wanted to purchase some foreign currency, she said what kind, and I said Iraqi Dinars. She said "Oh I remember, you like small bills" I said yes and then she looked it up on her computer. She said I can't sell them to you, I said "Why" she said they're not listed anymore. I asked her all the questions I could think of, 1. How come 2. When did they stop selling, 3. What was the reason, etc. She got a little flustered and referred me to the branch manager. I went to his desk and he looked it up and said they couldn't sell them to me anymore. BUT he said he would call the area manger and find out more info for me. He called her right from his desk and I could hear the conversation. After he hung up he signaled me to come back to the teller window and had the teller re-enter the info. This time the dinar showed up and the teller asked me how much I wanted. I told them the amount and since it was before 3PM local time they said the currency would be at the bank on Monday. I paid them the money, took my receipt, said thank you and left the bank. I was glad to be able to get the dinars, but also a little disappointed that they were still selling it. When they first told me I couldn't buy it anymore my heart was in my throat. I just kept thinking about a reval this weekend. Then when they said they could, I had mixed emotions. I bought a few more dinars but would have preferred to have been turned down flat. We'll just have to wait and see what happens on Sunday or Monday. Thanks to all.

Mr. Banana was very happy having just escaped the trip to the monkey cage at the local zoo. He was dancing his bananass off when all of a sudden he stopped...

He couldn't believe his eyes....the Iraqi Dinar was about ready to reval which meant no more close calls at the zoo and a luxury fruit bowl in Manhatten.