Hi Everyone,
I was just on the phone with my dealer and he told me Iraq is changing the currency has anyone else heard this I am kind of freaked out.
Dinar-Excited:leader:
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Hi Everyone,
I was just on the phone with my dealer and he told me Iraq is changing the currency has anyone else heard this I am kind of freaked out.
Dinar-Excited:leader:
Maybe he means they are changing the value of their currency, or perhaps he means they are bringing in the new denoms. Maybe someone saw the new denoms, and got the idea that it was a full change out since they just had one 3 years ago, and didnt recognize that it was just the smaller denoms.
I am on the phone right now and he is telling me they are going to reprint all of the currency I am hoping this is not true. My dealer is saying you have to put the money in a Iraq Bank and he has someone who dose this. He is the dealer out of Arizona. I am really nervous.
Dinar-Excited
...or maybe he is using a dealer scare tactic on you to garner more business from you by using "his sources" to put your money in an Iraqi account and then say "well, they changed their mind". Not saying he is doing this to you DE. I'm just saying it's another thought.
Can you imagine how upset those Jordanian businessmen would be after hearing the NID they just bought is being reissued? Or, any foreign governments for that matter.
Do you understand what that would mean? If putting your money in a bank would protect it, tehn you would have half of the money Iraq has in the world worth nothing while half is worth a lot. Think of it this way, I have 25,000 dinars and it is in the bank. My neighbor also has 25,000 dinars but he took it out the night before the reval to buy some shoes for his son the next day. the morning of the RV would he have 0 money while I had 25,000 dollars worth of dinars? What do you think?
There has been talk of this before and some "dealers" have taken advantage of the "scare" factor in attempting to "provide a service" to send your Dinars to Iraq.
If this were true, the banks dealing in the Dinar would have brought the sale of Dinar to an abrupt halt.
Do not believe your "dealer" no matter how much you trust him.
Hang on to your Dinar and watch the real news sources.
This is only my opinion.
Thank you.
Now is the time, for scammers to come out of the woodwork! Let's just wait and see what is going to happen. If that were to happen. Then I would first have to see triple proof from the CBI. Then, if in fact that were to occure. Then I would suggest, we all obviously cash out. Then file a bulti billion dollar lawsuite against the country of Iraq. For bait and switch among 100 other legal reasons!:eek:
Don't buy into it. There are several "dealers" who have gotten together and have opened an account in Iraq and are laying on peoples fear of a lop/reprint. They will buy back your dinar for which they charge a fee an then deposit it in the account. They charge $75 to put it in the account and you can do it for free. It's a scam.
Just a scare tactic I'm sure, he probably can't get his hands on any and is looking to use your dinar for front sales and in the mean time may out you for your dinar.
Is he still selling if you want to buy? :wink:
I would not worry about that at all D-E, The CBI would not have done every thing that they have if that was going to happen, and can you imagine all of the governments out there with billions and billions and the amount that the US TREASURY has in their vaults and what about all of the banks? I don't know what TED is smoking but its some bad xxxx I know that. His info is coming from some bad sources. Every gov official over their has said they are ready to reval plus the IMF and the world bank ect. Don't worry about it. Someone is trying to get people to sell off everything they have.
Why not give us all the name of this arizona dealer and we can all Jam up there phone lines for the next few days & call them on there B.s. & expose them to the honest world!!
This is an article that SGS posted a while back.....
Quote:
The Central Bank of Iraq denies change dinar early next year
Safed Alsamuk-Baghdad
The Iraqi Central Bank denied that the change of the local currency within the current Iraqi actions he intends to begin work so as to meet the economic inflation in Iraq with the beginning of the year 2007. The official spokesman said told ((today)) announced yesterday that there is no intention to change the Iraqi dinar at the moment, He refused to disclose whether there were any similar intention in the near future, after the Financial experts recommended deleting three zeroes from the Iraqi dinar after the American dollar to her and about a thousand dinars. The spokesman noted that the launching of the issuance of new categories of the Iraqi currency into circulation depends on the requirements of the Iraqi economy to meet the expenses of the state in the coming stage, especially local supervision of the banking activity by the central bank and means of reform, The Central Bank supervises the banking activity level by the activities of banks towards the enhancement of their role in the implementation of monetary policy in particular through channeling the savings to the various aspects of investment, so as to achieve economic growth. He continued to say «The Central Bank has granted banking licenses of many Arab and foreign banks, whether licensing NTSB open a branch in Iraq or the establishment of a banking entity, It was also the opening of representation offices. He pointed out that this step is the beginning of cooperation and openness to the world towards the revitalization of the economy in Iraq. The Central Bank of Iraq still continue to sell the dollar against the Iraqi dinar through auction, which will be mounted when the daily, adding that this auction is a tool to achieve stability in the value of the Iraqi dinar by defending the exchange rate stable for a long time. This, in turn, will affect the general level of prices. For his part, Minister of Finance, the Iraqi statement Jabr said the decision to increase the salaries of the staff work will start with the beginning of the year 2007. at a time when observers are worried economists Iraqis of the dangers of increasing inflation by successive increases for staff salaries to cope with price rises of living without MySQL economic problems, He pointed out that he would start in the top five of the (10 - 5) and that at the beginning of next year will get the owners of these degrees on the increase of 50-70%.
I was getting emails from someone wanting me to send mine to some joint account for "protection" 4-5 months ago. For a nice fee of course!
Hi Everyone,
I just hung up it is Ted in Arizona and I do trust him but this dose not sit right with me as this would crush Iraq's credibility and make it even more unstable to investors. And so many Country's have written off debt. He had another guy on the line who has people in Iraq saying that this is going to happen and they will announce it in January and that they think it has already been printed as the De La Rue site is saying there revenue is up as they got a very large order. The web site he gave me that is transporting the Dinar to Iraq is dinardeposits.com. I am not sure what to think it almost makes me think it is just about to RV but I really trust this dealer so I am just not sure. He did say that Iraq has stoped dealing like we all knew and he can't get anymore.
Dinar-Excited
I applaud Dinar-Excited for posting her concerns here on RolClub.
Her family has spoken!
BTW D/E How 'bout you invite your dealer to our forum and he can explain himself?
Thank you.
We had also discussed several months ago that someone else had said De La Rue had just gotten a big print order and everyone was wandering who it was for. What's that been 4 - 6 months ago?
OK,I for one have a hard time believing this one!Lets say this were true! How long would a reprint of new currency take,not to mention the money it would take to do it,and How could they afford it?This would be a slap in the face to the Iraqi people and for all the big time investors!Who in their right mind would ever want to do anymore buisness with iraq!I believe if this were true iraq would surely decay and life for their people would be devistating!Any thoughts?
That right there tells me every thing I need to know Steph, He has a guy Who has people in Iraq saying this is going to happen, who is the guy? Who is the people in Iraq? De La Rue says their revenue is up, my god how many currency's for other countries do they print for? A lot!!!!!! I have heard that name dinardeposits.com before, but I can't remember where. We know Ted can't get any more 95% of all the dealer's can't either. I wouldn't give one dinar to someone to transport to Iraq, I would take them myself.
I just looked over the site dinardeposits.com and it appears to be a lead-in to Ameraq.org which is very amateur-ish looking.
Perhaps D-E's dealer gets credit for sending people there?
This whole thing just wreaks of fraud.
Your Dinar is safest right where it is. That is "In your possession".
I recently moved my Dinar from the firesafe in the basement to a safe deposit box at my local M&I branch.
I had a nightmare about a fire and another one about a thief.....:eek: :eek:
Here is teds auction eBay: 1 MILLION NEW IRAQI DINARS WE SHIP 2U IRAQ DINAR NOTES (item 330070359438 end time Jan-05-07 11:33:39 PST)
He is selling high and then charing for something thatis free.
Wow, now I know htis is total BS. The goi IS NOT going to entrust an investment group (dinardeposits.com) with the highly logistic dangerous task of transporting dinar to Iraq. This is ridiculus, but it was a good hook to get everyone on this forum to visit this web site to checkout their exchange services.
Wouldn't some of those on the forum that already have accounts over there be emailed as to there being a reprint?
I couldn't get anything on dinardeposits.com I also thank D-E for the post as we wouldn't want you to let this get by us especially if it were true. I've said enough Thanks for letting me vent BB
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Can we get our resident expert to check the site and these gentlemen out! If I had some folks in California I would have already had them watched/checked! My guys/gals in LA are too busy!
SFO people too busy to getting ready for an RV party!
RV Patio Lights in many styles
2006 RV Party
:banana: Wait till the RV 2007 party!!!:banana:
Here's one of them...
The Norway Post : Norwegian money to be printed abroadQuote:
Norges Bank has entered into agreements for the delivery of banknotes with De La Rue International Limited in the UK and Francois-Charles Oberthur Fiduciaire in France. These large and well reputed printing works print banknotes for very many other countries. The contracts apply for the period 2007 – 2012. The first deliveries will probably be made in 2008.