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

Originally Posted by CharmedPiper

Many countries want to be open with Iraq

Baghdad, Nov. 18, P. 2Wills of world countries increased to openness to Iraq at all horizons of trade and economic exchange and all other fields because of Iraq's possession to constituents of promising economy and its huge resources and its big need to modern technology in its next explosive plan to achieve strategic projects, spokesman of Trade Ministry said.He stressed that Cabinet authorized Minister of Trade to sign deals with Singapore, Azerbaijan, and India.

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Thanks for all your info CP.

More and more is coming out now and I got the feeling that we are now moving to the period of `action` instead of ´talking´.

Good things are happening right now and our RV will come soon (I hope tommorwow).

Good morning all!

I know this has been hashed over already, but I wanted to let everyone know what I found out. Just got off the phone with my friendly Chase bank in Broken Arrow, OK. Talked with an exchange officer who also has invested in the dinar and she said since first of this week they are no longer exchanging ANY FOREIGN CURRENCIES for account holders less than a year old and definitely not for any non-account holders. This is for all foreign currencies and not just the Iraqi dinar. She could not give me an explaination why and said it is a Chase wide policy handed down from the audit department.

I see this as good news although it is hard for me to imagine that the higher ups in Chase would know more than we do. Does any one know why they might know more than us? Do they own the Federal Reserve Banks? If so, then this just might be how.

Any takers on this one?

Originally Posted by readytogo

Good morning all!

I know this has been hashed over already, but I wanted to let everyone know what I found out. Just got off the phone with my friendly Chase bank in Broken Arrow, OK. Talked with an exchange officer who also has invested in the dinar and she said since first of this week they are no longer exchanging ANY FOREIGN CURRENCIES for account holders less than a year old and definitely not for any non-account holders. This is for all foreign currencies and not just the Iraqi dinar. She could not give me an explaination why and said it is a Chase wide policy handed down from the audit department.

I see this as good news although it is hard for me to imagine that the higher ups in Chase would know more than we do. Does any one know why they might know more than us? Do they own the Federal Reserve Banks? If so, then this just might be how.

Any takers on this one?

How about this for a shot,

A friend in mine in Las Vegas, NV. that works for a Bank there and she is also a dinar holder. Had mentioned to me that any country that are in what the call a black book( that is refered to as they are not openingly on the forex).

If they are not in the books to exchange the currency, that they are waiting to make sure that they meet all requirements. So if they do the banks will have to come in and reprint there black book, so that they can refer to it. And make sure that the country's moneys are exchangeable.

When they reprint the book their names will be added, and then all they have to do is to push a button sorta speak, to let all of the other branches know they they are fully convertable.

Originally Posted by readytogo

Good morning all!

I know this has been hashed over already, but I wanted to let everyone know what I found out. Just got off the phone with my friendly Chase bank in Broken Arrow, OK. Talked with an exchange officer who also has invested in the dinar and she said since first of this week they are no longer exchanging ANY FOREIGN CURRENCIES for account holders less than a year old and definitely not for any non-account holders. This is for all foreign currencies and not just the Iraqi dinar. She could not give me an explaination why and said it is a Chase wide policy handed down from the audit department.

I see this as good news although it is hard for me to imagine that the higher ups in Chase would know more than we do. Does any one know why they might know more than us? Do they own the Federal Reserve Banks? If so, then this just might be how.

Any takers on this one?

What always interested me about Chase being one of the first to deal in dinar was that they were one of the original banks supporting the Trade Bank of Iraq. The Trade Bank was set up in much the same manner and for the same functions as the trade Banks the were set up in Germany and Japan after WWII. To allow for letters of credit and for the country to finance purchases of goods from outside of the country. So, there may be good reasons why they "know more than us". They were involved from the very beginning. Thank you.

Originally Posted by readytogo

Good morning all!

I know this has been hashed over already, but I wanted to let everyone know what I found out. Just got off the phone with my friendly Chase bank in Broken Arrow, OK. Talked with an exchange officer who also has invested in the dinar and she said since first of this week they are no longer exchanging ANY FOREIGN CURRENCIES for account holders less than a year old and definitely not for any non-account holders. This is for all foreign currencies and not just the Iraqi dinar. She could not give me an explaination why and said it is a Chase wide policy handed down from the audit department.

I see this as good news although it is hard for me to imagine that the higher ups in Chase would know more than we do. Does any one know why they might know more than us? Do they own the Federal Reserve Banks? If so, then this just might be how. Any takers on this one?

I was wrong about B of A being the one working with the TBI, it's Chase. So they may have some inside info or just lots of clues from that relationship. I wouldn't be surprised if it had nothing to do with that, though. It could be because of the "know your customer" laws. As more and more people have been exchanging dinars it has dawned on them that it could be trouble.

Also, they could be trying to get rich clients and not let them just walk away with their profits after the reval!

Originally Posted by mike brown

is it $10,000 in usd that is the limit, or just any currency with a value of $10,000 usd or more?

The customs guy will ask you if you are carrying anything with a value of over $10,000.00. Today you can carry about 15 million in DINAR, next week I am not so sure.

Originally Posted by Wm.Knowles

What always interested me about Chase being one of the first to deal in dinar was that they were one of the original banks supporting the Trade Bank of Iraq. The Trade Bank was set up in much the same manner and for the same functions as the trade Banks the were set up in Germany and Japan after WWII. To allow for letters of credit and for the country to finance purchases of goods from outside of the country. So, there may be good reasons why they "know more than us". They were involved from the very beginning. Thank you.

JP Morgan Chase is one of the original shareholders of the federal reserve system/banks. FBNY. They know what's going down. The DFI is also deposited at FBNY. The US Treasury also uses the fed banks to conduct currency swaps and warehousing. Go figure.

Originally Posted by readytogo

Good morning all!

I know this has been hashed over already, but I wanted to let everyone know what I found out. Just got off the phone with my friendly Chase bank in Broken Arrow, OK. Talked with an exchange officer who also has invested in the dinar and she said since first of this week they are no longer exchanging ANY FOREIGN CURRENCIES for account holders less than a year old and definitely not for any non-account holders. This is for all foreign currencies and not just the Iraqi dinar. She could not give me an explaination why and said it is a Chase wide policy handed down from the audit department.

I see this as good news although it is hard for me to imagine that the higher ups in Chase would know more than we do. Does any one know why they might know more than us? Do they own the Federal Reserve Banks? If so, then this just might be how.

Any takers on this one?

BREAKING NEWS THIS NEWS HAS BEEN EDITED FROM ORIGINAL POST BECAUSE IT WIND UP BEING A MISQUOTE.

Originally Posted by Lakeway

You can travel pretty much anywhere in the world with the DINAR. The metal strips will not set off anything that I can tell. At least 15 million will not set off anything. You can travel with as much currency as you wish to coming into the US as long as you declare anything over $10,000.00. This is the way I understand it to be anyway.

On the contrary, my dinars set off the radar in Seattle... it was in my backpack that you have to put on the conveyor belt, i didnt want to put it in my suitcase....... the guard said it was their "organic" detection stuff ... and asked me to open the envelope the dinar were in to confirm it was just currency. I did, and he looked at all the bills real quick without taking them from the envelope, said thanks , and let me go.
This was on a domestic flight from Seattle to Dallas.... but my concern here is if people try to take their dinars on an international flight .... like to the Caymans or Belize .... and when arriving there, are asked to go into a back room only to have to bribe someone with dinars, or even worse , have them "confiscated" .

Originally Posted by Texas_Tea

BREAKING NEWS I called the chase bank located at the corner of 79 and IH 35 and they are still selling and you do not need an account. The amount to buy 1 million iraq dinars is $7641.00 I told her to verify amount and she says this is what her computer is telling her. I asked how much is it if wanted to sell and she asked me how many did i want to sell and i told herthen she put me on hold and comes back and says she cannot reveal information unless I open account. To verify I spoke to a lady by the name of heather and phone number is 512-244-8550. I think we are real close guys!!!!!

That would be .00741. One decimal point to the right. Quite possible indeed. We'll just have to wait and see.