Thread: Thursdays

Originally Posted by rev. dan frakes

railroad is on the right track, ive said that many times. they cant come in at .05 ,or all the big investors would buy up all the country. they have to set it close to the dollor to discorage this.then get back all the curancy thats out there ,then raise it big time.

revdan

I believe that they can open it at whatever and whenever they want. The FIL protects them from foriegners at some degree, if not most. But now from the stock and shares end, I beleive if the Big Investors want in they can and have found away to do this for that. Look at our members that have Warka accounts, if they can do it, then anyone that wants can, Big or Little Investor.

What I do see that they need to do is, have a Better Exchange rate before the other Laws are Enacted, (HCL Mainly). Now that is where the Big Investors will and are waiting for.

They can open the currency value at whatever, their is only somuch of it. And they have closed routes for the dinar leaving the country, or they can. This would enable them to do that Grab effect of the ones that cashed in and get that currency back in Iraq. Now this is just my Opinion of Theroy. Please take it for what it is worth.

Originally Posted by neno

I called my Chase Bank Manager Freind the other day to ask the procseedure in the exchange. She was very nice and quick to say, "Bring it in, we will verify it here, and Credit your Account Instantly". Man I was glad to hear that from a BM inside of Chase. Solves all the story's I have heard. lol Thought you guys would like hearing this one. Adster is right, Chase wants it back and will hold it.

Good info to have, Neno! Which branch? I will be rethinking my reval procedure. Chase on Bryant Irvin told me they would send it to Dallas.

Originally Posted by neno

I called my Chase Bank Manager Freind the other day to ask the procseedure in the exchange. She was very nice and quick to say, "Bring it in, we will verify it here, and Credit your Account Instantly". Man I was glad to hear that from a BM inside of Chase. Solves all the story's I have heard. lol Thought you guys would like hearing this one. Adster is right, Chase wants it back and will hold it.

I thought it was kind of odd when it was first reported that Chase would send it out to B of A for verification. Sure makes things a lot easier. Thanks Neno.

Originally Posted by PAn8tv

I thought it was kind of odd when it was first reported that Chase would send it out to B of A for verification. Sure makes things a lot easier. Thanks Neno.

And no Problem. I dont dault what members have been told by their branches employees but, the BM I deal with, we learnt this together.

Also my bud's and I have BofA accounts accross the street from this Chase in preperation for the WTO effect of the Global traded Currency requirement at that time. We dont get to deal with them much cause they dont exchange it yet. They have told each of us seperately, that they will once it trades Globally.

Originally Posted by MOM2TWO

Good info to have, Neno! Which branch? I will be rethinking my reval procedure. Chase on Bryant Irvin told me they would send it to Dallas.

Since you are close to me, I pmed you. Was out at King Charlie Ford today.

BTW, Dallas isnt that far to travel with it. That is what I would do if that was what I was told. lol

I talked to the Branch Manager at Chase here in Louisiana today and he told me that he couldn't buy dinar there anymore. As of last week. My step son bought some 2 weeks ago there. Go figure??

Originally Posted by neno

Even tho the ISX opens now are not until Sept. It doesn't matter, cause they will not be doing the currency exchange end of it, I am told by a freind. The Banks will be handling that as they are ready and equipt to do that at anytime. just passing that on, as I have always thought that the ISX would be a major key in that. But from what I am told they will be a Big Factor in the Stocks and Shares, but not the currency, yet. The Banks will handle that.

ISX not opening until SEPTEMBER?!?!? What did I miss? I thought it was going live on like the 15th of APRIL!

Originally Posted by jpadrino

Actually I think 1272 to .05 is 6,360% (1272/20(.05 = 20 IQD per $1) x 100).

I have heard .59 with that equation. But I figured they might be way off with that figure. That is the same equation set-up they use too. I havent posted it, but the figure was around $1.69

Originally Posted by po-cajun

I talked to the Branch Manager at Chase here in Louisiana today and he told me that he couldn't buy dinar there anymore. As of last week. My step son bought some 2 weeks ago there. Go figure??

Where is it the BM can not buy it at anymore? The way I am getting this is that the BM was investing thru his Branch Curenncy department thru JPMorgan of Man Hatton. Is that right? If that is the case I will check tomorrow and see here too.

Originally Posted by Jola

And ya know why?
Cause tomorrow is DA Thursday AFTER the Amman Banking Conference and DA Thursday after the Doc Dave's reval date. I know, weird combination. But that's always happening to me. And i know it works.

As an example: I go in a date to dump my so-called boyfriend, instead I got married to him ( decided to move in with him - during that date - and later married). LOL And I am happily married. :)

Adster kinda left me flat with the comment about Maliki not being in the country - which kinda makes sense not to paint it for a reval- but no way to let him win. RolClub will revalue the dinar tomorrow with Maliki or without him!!

Don't sweat it Jola, none of us know for sure how it will play out. The opposite argument could easily be supported. For instance the CBI may wish to revalue as quietly as possible without a lot of fanfare, so that everything will be perceived as business as usual. That would project that the CBI is in control of a stable monetary system, instead of implying that the currency is backed upon the whim of the GOI (this can cause fear among the populace). The CBI has been trying to establish its role as an independent entity that is separate from the GOI, so having the PM out of the country, essentially not involved in a RV, could potentially boost the confidence that people would have in the CBI's role in monetary policy. Anyhow, just another take on the issue. There will be plenty of glory for the PM once the country turns around, but they have to do everything possible to make sure it happens before they count their chickens.