Dealer Rates Will Be Going Up

The following information was posted at the other forum by DealOrBuyDinar. He is a reliable solid Dinar Dealer. With his kind permission he has allowed this information to be posted here also as it will be of interest to everybody. :biggrin:


"Dealer's rates will be going up

I've been asked to post any information of this nature here in the Rumor forum. I want to say that I typically won't post anything that is speculative in nature unless I'm pretty certain of it. What I am relatively certain of is that Dealer's rates will be going up in the next 2-4 weeks. More likely than not, in the next two weeks.

I am a Dinar dealer based here in the U.S.. I can tell you from my supply sources overseas, some of whom supply me directly and some indirectly, that the cost of Dinar stateside will be up by the end of April. It's not that difficult to predict. When the cost goes up at the source of supply, which it has, it's simply a matter of time until the cost increases here for the end user, which it will.

The higher priced Dinar is already in the pipeline. I've seen price increases in Baghdad the week before last, Amman, and Kuwait City this week by anywhere from $30 to $40 per million. So when dealers sell through what they have in stock now they will have to raise their prices just to maintain their profit margin as they begin buying the higher priced Dinar.

If the increased price triggers a rush of buying supply can run short and push the cost up further. In addition, suppliers have been reporting a shortage of small denominations in both Amman and Kuwait. As of this week they are beginning to see a lack of supply for the uncirculated 25K's and are even having difficulty coming up with circulated 25K notes. They will still take your order and payment but they don't have the stock and can't say when they will be getting it. This is also having an impact on price.

So we're seeing two factors that are contributing to the increased cost in supply:

1.) The increase in price at the source in Baghdad.
2.) The decrease availabilty of Dinar supply

Hope this information is helpful,

-Ken"

Quote:

---

Originally Posted by Seaview

The following information was posted at the other forum by DealOrBuyDinar. He is a reliable solid Dinar Dealer. With his kind permission he has allowed this information to be posted here also as it will be of interest to everybody. :biggrin:


"Dealer's rates will be going up

I've been asked to post any information of this nature here in the Rumor forum. I want to say that I typically won't post anything that is speculative in nature unless I'm pretty certain of it. What I am relatively certain of is that Dealer's rates will be going up in the next 2-4 weeks. More likely than not, in the next two weeks.

I am a Dinar dealer based here in the U.S.. I can tell you from my supply sources overseas, some of whom supply me directly and some indirectly, that the cost of Dinar stateside will be up by the end of April. It's not that difficult to predict. When the cost goes up at the source of supply, which it has, it's simply a matter of time until the cost increases here for the end user, which it will.

The higher priced Dinar is already in the pipeline. I've seen price increases in Baghdad the week before last, Amman, and Kuwait City this week by anywhere from $30 to $40 per million. So when dealers sell through what they have in stock now they will have to raise their prices just to maintain their profit margin as they begin buying the higher priced Dinar.

If the increased price triggers a rush of buying supply can run short and push the cost up further. In addition, suppliers have been reporting a shortage of small denominations in both Amman and Kuwait. As of this week they are beginning to see a lack of supply for the uncirculated 25K's and are even having difficulty coming up with circulated 25K notes. They will still take your order and payment but they don't have the stock and can't say when they will be getting it. This is also having an impact on price.

So we're seeing two factors that are contributing to the increased cost in supply:

1.) The increase in price at the source in Baghdad.
2.) The decrease availabilty of Dinar supply

Hope this information is helpful,

-Ken"

---

Hurry hurry the sky is falling buy now before the price goes through the roof or maybee even the possibilty of not being able to buy any..this stuff is HOT HOT HOT ...hurry time is running out. Im not buying this garbage! Ebay folks is where you can get what you want and in any size denominations theres over 600 auctions for dinar the suppy is not drying up! Sure uncirculated bills are comming harder to come across cause the currency is 4 years old going on 5..... what Us money thats 4 years old is brand new and crisp that u can find....um you dont..well maybe rarely and guess what were not an all cash society like iraq.....ahhhhhhhh I hate A@shol#s like this. :nono: :mad3: :nunu: Tank

Ali at Iraq dinars Dinar Trade told me that yes in time it will go up. But he didnt say this as if it was a incoachment that you better do it now before the end of April.

What he did tell me once was, "I dont think President Bush Knows". lol So we go with the Markets and then Adjust our prices. That is the sign to me as a Straight Forward Dealer. http://smileys.on-my-web.com/reposit...espect-023.gif Besides that he knows we can go to a Bank if he wasn't Straight we us.

incoachment-no such word. english please.

this site has a few english teachers, hall monitors, and spellcheckers, doesnt it, i mean dont it

Quote:

---

Originally Posted by dinartank

Hurry hurry the sky is falling buy now before the price goes through the roof or maybee even the possibilty of not being able to buy any..this stuff is HOT HOT HOT ...hurry time is running out. Im not buying this garbage! Ebay folks is where you can get what you want and in any size denominations theres over 600 auctions for dinar the suppy is not drying up! Sure uncirculated bills are comming harder to come across cause the currency is 4 years old going on 5..... what Us money thats 4 years old is brand new and crisp that u can find....um you dont..well maybe rarely and guess what were not an all cash society like iraq.....ahhhhhhhh I hate A@shol#s like this. :nono: :mad3: :nunu: Tank

---

The Dealer that printed this joined the forum and let the Admin know obviously that he was a dealer. He has been there for a few months and never posted any hype re dinar. He is not considered a hyper.

My stand on the dinar - I don't believe we will all be millionaires overnight. I wouldn't have posted this if I thought it was just a 'trash dealer post trying to push/hype the dinar.':nono:

If you check ebay regularly - you will have noticed that the prices are now nudging up.

I believe the dealer is genuinely just passing on informative stuff.

So we shall see. :biggrin:

Quote:

---

Originally Posted by Seaview

The Dealer that printed this joined the forum and let the Admin know obviously that he was a dealer. He has been there for a few months and never posted any hype re dinar. He is not considered a hyper.

My stand on the dinar - I don't believe we will all be millionaires overnight. I wouldn't have posted this if I thought it was just a 'trash dealer post trying to push/hype the dinar.':nono:

If you check ebay regularly - you will have noticed that the prices are now nudging up.

I believe the dealer is genuinely just passing on informative stuff.

So we shall see. :biggrin:

---

Seaview, I agree with you. I have seen the posts by Ken and I dont think that he has been a hype dealer. I have to say though the price for a million 25K notes at Safedinar has recently dropped from $915 to $900.

Thanks GSXR99. I know safedinar prices have gone down. I just think there is some truth in this - which is why i thought it ought to go on the forum. I'm interested in keeping an eye on this and seeing where it goes.

Quote:

---

Originally Posted by lglwzrd

incoachment-no such word. english please.

---

what is the matter iglwzrd? can't you decipher "nenoese"? LOL

Nothing wrong with misspelling once in a while . We all Understand and Respect NENO ! You go get'em Tommy! Picking up for you My good friend! BOB

I am not a dealer,however in all fairness, the fact that a dealer is dropping prices may be because of the fact that banks are now dealing in dinar and dong and not because of a disrespect for the currencies.

I received this email today from Mr I regarding the opening of the ISX for your information.


Dear XXXXXX,

No specific date has been set and I doubt it will be opened this week. There is talk that it will be opened around May but nothing official.

Best regards,

XXXXXXXX
Deputy Managing Director
International Affairs

well with the reval comin up yeah its gonna be more expensive cause the money is gonna be worth more that just common sense. and depending on how high they revalue it at, i'm sure those of you with a million plus are gonna be make some really nice overnight money, i've been crunching numbers and i'm prayin for at least .28 cents the higher the better though