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

Originally Posted by CLM

But if it is true that the cbi is not selling anymore dinars, then what is already out there is out there. So it would not matter if the big guys want to buy dinar, they can only buy what has already been bought and then of course sold by those investors that sell to them. I think Mr. Knowles has a very good point that the cbi may just want to at first reval at a low rate to get those investors to sell it back to them and then reval again higher. It's a good thought I think. I think that it is no doubt that they will have a reval that places the dinar close or the same as the dollar for the sake of kick starting the economy, but when and how they get there will be exciting to watch. I just hope they do quick, cause my poor heart can only take so much of this.
CLM

I don't think a low reval is a concern. When we exchange our dinar they will most likely not be returned to the CBI in exchange for USD/EUR/whatever, at least not immediately.

Originally Posted by neno

Can anyone find some short of Article about this. I believe this is Good Also. My understanding about HSBC is that it is a Hugh Financial Institute. Thanks ahead.

Yes HSBC is a very big corporation, I myself have 2 mortgages and a few credit cards through HSBC.

Originally Posted by lndmn_01

I don't think a low reval is a concern. When we exchange our dinar they will most likely not be returned to the CBI in exchange for USD/EUR/whatever, at least not immediately.

That is a possabilty, but they might attempt it just the same. It would be less stressfull for all of us if they would just get right to the high reval, although it has been good advice by some on this board to know ahead of time what you would sell and for how much. This will hopefully prevent a knee jerk reaction to selling right away for any reval price they set, especially if it is a lower than is hoped for reval. If that were to happen, and again I hope it does not, those that just hang tight and wait will pay off in a very big way!
CLM

Originally Posted by neno

Can anyone find some short of Article about this. I believe this is Good Also. My understanding about HSBC is that it is a Hugh Financial Institute. Thanks ahead.

2005 News archive

considering hsbc owns controlling shares in dar es salaam bank in iraq they would have at least those bank branches.

Originally Posted by Offshore-Wealth.com

Interesting,

I have knowledge of several middle east countries banking, and they all seem consistant with normal banking, and that is, you cannot hold currency in accounts in anything other than the currency of such country. Simply put, U.S. accepts only dollars, Iraq only accepts dinars on deposit. So if you want to hold any currency in any bank, then use safe deposit box systems. You can hold as much currency as you want in this method with no concerns.

The only concern for those in U.S. is that money in safe deposit boxes is not protected under the FDIC system, which covers you up to $100K, which is really quite funny since gov. cannot cover even a penny on the dollar, so FDIC is a bit of a joke if there was ever a banking implosion, so in reality, if all U.S. banks were imploding at the same time, you would be better off having a safe deposit box than an account. And by all means, if you plan on sitting on any currency, make sure it isn't dollar. Keep most of your dinar for long term gains is far better than exchanging it for U.S. dollars.

Good luck to all, Mike

i have heard that middle eastern bank branches here in the usa will handle dinar accounts.

Originally Posted by bubbajr

A while back, my husband and I are watching a program on TV. Right after we have invaded Iraq. In a segment of the program that they were talking about Iraq, and how they have a bank account in the US, and placed in 5 billion dollars in it. Also in that same show they were talking about Citibank on how it is owned, and that the Saudies have 20% ownership in that bank and the Iraqis have placed they money there.

We have really never heard anything about this at all.

anyone else here anything about this, or have an opinion on this?

wouldnt doubt it. im aware of the fact that they have about 7B in dinar in the fed reserve because ive seen a picture and then heard the amount which was my confirmation.

Originally Posted by Vipor

Might be just a coinkidink (coincidence), but my Citibank Onine site has shown the following at the top of the page for like the past 4 days or so. Been a member with Citibank for like 6 years and never seen that done. Like I said, perhaps just a coinkidink.

oh that is no coinkidink. if they havent closed the site in 6 years to do any maintenance, now all of a sudden they need to do a 'routine maintenance' this break is a big deal. more good stuff to put in the asset catagory.

Originally Posted by Seaview

Not so.

I have bank accounts with a Private Bank in London. I can have a Sterling, Dollar and Euro Savings Account should I choose to.

I think that after the Dinar is a fully traded currency I wouldn't be surprised if an arrangement can be made with HSBC Private Bank Account holders regarding Dinar. I plan to contact them after the dinar is a fully traded currency to see where they stand on this.

Agreed,

That is because it is a dual currency region, but in most countries I have researched, they only accept the one, and we are talking about dinar, not U.S. dollar, Euro or Sterling. I wanted to do the same thing, so check and see if they will accept any other currencies as this is a good subject to explore further.

Good luck to all, Mike

Turkey to Cut 80% of Debt Al Maliki: The Comming Days Will See Efective Measures To Stop The Violence

" Maliki's visit to Turkey achieved the desired results as the two sides agreed to established better relations on the basis of cooperation in the political, economic, security and counter-terrorism and non-interference in internal affairs."

" Turkey to cut 80% of the debt of Iraq from the era of the former regime like in the European Union and the Paris Club as well as inviting Turkish Companies to contribute to the reconstruction of Iraq, reminding the investment law, which was approved by the House of Representatives recently."

The Turkish PM expressed his country's willingness to train Iraqi security forces, stressing Turkey's support for the stability of the situation in Iraq.

ÌÑíÏÉ ÇáÕÈÇÍ

Let see, in the new math that would be approximately 10 Trillion, Two Hundred Billion in USD when the IQD RV at over a Buck! Zippo Debt! Zippo Tax Hikes, Zippo Democrats, Zippo-Zippo!

Zippo Manufacturing Company

Anybody gotta light?

Originally Posted by shotgunsusie

wouldnt doubt it. im aware of the fact that they have about 7B in dinar in the fed reserve because ive seen a picture and then heard the amount which was my confirmation.