But this sounds pretty good...
This is from another place and sound pretty logical.
Quote:
First, With Jp Morgan setting up Iraqs Banking system & Having it become; "Fully Covertible and Freely Traded"; right from the Start (Per U.S State Dept) it was designed to appreciate from the start and become stronger and create Confidence from the pepole of Iraq in this new currency !!!
In 2004 the IMF put a Artifical Rate on the Iraqi dinar for the purpose of teaching them how to run a stable economy, which they have done.
Meeting all conditions placed on them by the IMF & World Bank and having been given the OK by the IMF to increase the the Exchange rate of the dinar to fight Inflation, this is what has been going on now for about 2 months now.
I believe letting their people know that they were going to increase the value of the Dinar to be "The Currency of Choice" as been stated in past articals and the anoucment to the Gov to start dealing only in Dinar as of last monday at 2 PM.
Also giving the "Heads up" to the local buissness owners, that had been complaining of the unstable dinar messing with their dollar rates that they would be closed from Thrusday last till the 7th of Jan.
AND !! that they would cover all demands on all FORIEGN currency till closing of buissness on the 7th of Jan at the rate of 1325:1 USD and I read that as "if you are holding USD get rid of them because after Jan 7th then dinar will be worth MORE Than a dollar!!!!!!!"
This gives them almost 2 weeks notice so as not to hurt them. Makes alot of sense to me. How else could they do it without hurting them that were holding Dollars
A follwup post from the other place-Same Rumor
NEW PM FROM BILL
I am posting it here in the RUMOR SECTION!
"hello again, well i did see that you posted the pm i sent you and i have been trying to leave a reply to it but i am having problems getting it to work. anyway let me try and answer a few questions that i read in the thread. it is 2:51am here and we just had a morter attack so after the all clear i figured i would check the computer. anyway first of all yes i am a real guy and i am really in Iraq, i have been here for 2 years. my guys are not on the base at the moment but will be in later today so i will ask them were they heard the news regarding a reval. then as far as contractors not being able to say they are in Iraq, well that is partly correct. i can't give you my full name and i can't tell you the name of my company or who works for me, that could put lives at risk which is the last thing i would want to do i have lost enough friends and coworkers here already. and last but not least i am just a normal guy hopeing to make some money off this investment and i have been sure to point out in each of my messages "i don't have anything to back this up has anyone else heard anything alog these lines". i have a wife and kids and a new house back in the US and would really like to get back to them, i am not trying to get people all excited i am just trying to find someway to substaciate what my guys that are living here in Iraq are telling me thats all. as far as the connection between you and i well i sent you the message because when i sent the reply to the post a couple of weeks ago about what my guys had said you were the only person that didn't attack me as someone just trying to stir things up. if anyone want's to PM me with questions or to chat feel free it always nice to have more connections and i will try to answer anything i can. thanks again"
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all 3 krazybill posts in 0ne place
From mrvgs post #166 this thread:
Here is what I read over at the other place.
Originally Posted by krazybill
i don't know if it means anything or not but here goes. i am in iraq and i have several iraqi citizens working for me. so i have been talking to them trying to get a feel for what the are hearing from the government. and they each told me that yesterday the iraqi minister of finance anounced that the dinar is riseing in value and something very big is going to happen within the next month that would bring the dinar very close in value if not equal to the us dollar. now i don't have anything to back this up i personally haven't seen or heard anything through offical chanels, but i can tell you that my iraqi workers are very excited and they told me they are going to the bank after work to transfer thier dollars into dinars. so i was wondering if anyone else had heard something to back this up?
Anyone know this guy? Just a rumor people.
Mrvgs.
My post #180 this thread:
FRom the other place!
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1200:1 ?
hey there, i don't know if you remember me or not. this is bill in AD Diwaniyah Iraq, you sent me a message a couple of weeks ago. anyway i was going to start a new thread but this computer wouldn't let me so i figured i would send it to you instead. as i said in the post that you replied to i am in AD Diwaniyah i have many iraqi workers that had been getting excited about the dinar increasing in value so they had been changing all thier U.S. $ back to dinar. i have asked them to keep me posted as to the word on the streets localy and well today a few of them came to me very excited and said that the banks here in AD Diwaniyah are exchanging the U.S.$ into dinar for 1200 to 1 and that the news had announced that the dinar and the U.S.$ will be equal after a few important anouncement within the next few weeks. now ofcourse at that point i freaked out! i have been scouring this forum and every other damn dinar link i can find everywere and cant find anything along these lines. the only thing that i can really find is the rumors about a reprint of the money and yes i do believe that is all they are RUMORS! i can't remember the timeline but i am sure that Iraq had to sign agreements with world bank when they changed the dinar that they couldn't change it for a preset time. anyway i haven't let any of my family or friends know about my dinar investment and i got so excited i had to share this with someone, i hope you dont mind. see if you can find anything out through your channels and keep me posted please. thanks bill"
My last post above:
follwup post from the other place-Same Rumor
--------------------------------------------------------------------------------
NEW PM FROM BILL
I am posting it here in the RUMOR SECTION!
"hello again, well i did see that you posted the pm i sent you and i have been trying to leave a reply to it but i am having problems getting it to work. anyway let me try and answer a few questions that i read in the thread. it is 2:51am here and we just had a morter attack so after the all clear i figured i would check the computer. anyway first of all yes i am a real guy and i am really in Iraq, i have been here for 2 years. my guys are not on the base at the moment but will be in later today so i will ask them were they heard the news regarding a reval. then as far as contractors not being able to say they are in Iraq, well that is partly correct. i can't give you my full name and i can't tell you the name of my company or who works for me, that could put lives at risk which is the last thing i would want to do i have lost enough friends and coworkers here already. and last but not least i am just a normal guy hopeing to make some money off this investment and i have been sure to point out in each of my messages "i don't have anything to back this up has anyone else heard anything alog these lines". i have a wife and kids and a new house back in the US and would really like to get back to them, i am not trying to get people all excited i am just trying to find someway to substaciate what my guys that are living here in Iraq are telling me thats all. as far as the connection between you and i well i sent you the message because when i sent the reply to the post a couple of weeks ago about what my guys had said you were the only person that didn't attack me as someone just trying to stir things up. if anyone want's to PM me with questions or to chat feel free it always nice to have more connections and i will try to answer anything i can. thanks again