Thread: Rates, Dates, & Fates.

Originally Posted by crave681

so in summary, your visit was something like this?>>>
goldraker: hullo, i would like to sell these iraqi dinar i have here...
teller (in hushed voice): hold on to them!
goldraker : why should i? i wanna go buy something else with the money. Have you heard something about the IQD?
teller (in hushed voice) : thats all i can say for now!

Consider the source crave.

Originally Posted by crave681

so in summary, your visit was something like this?>>>
goldraker: hullo, i would like to sell these iraqi dinar i have here...
teller (in hushed voice): hold on to them!
goldraker : why should i? i wanna go buy something else with the money. Have you heard something about the IQD?
teller (in hushed voice) : thats all i can say for now!

Why would the lowly tellers know anything about this? (no disrespect intended there by the way). If the bank staff were aware of the situation then post reval the banks would be like ghost towns and the tellers would be on a beach somewhere sipping margueritas. Also, nobody would be there to exchange your dinars for dollars/pounds/euros whatever.

Unless, of course, the teller you spoke to happend to be an RC member, that would make more sense.

Steve

Bank employees are speculating like the rest of us. I have witnessed the bank employees buying up dinars.

Originally Posted by goldraker

No, actually what happened was. The tellers were having conversations with me about dinars in a very low tone. Then, they kept hiding my dinars. From the view of the the other customers! Then during this time, my personal banker walked up and said don't do it! I have to say, that chase bank Has some serious customer relation problems. Try and call an 800 number, it's a joke. Plus when I was in there, two times in a row. I witnessed irate crazy customers!

Gold,
If you want to sell some pm me.
2shoes

Sorry guys & gals, but when the RV happens there is going to be one hell of a celebration in Las Vegas! Our Tax Attorney gets his orders and our Trust Funds get deposits. As for the people in our little part of the world that didn’t listen and buy, we wont be in Dodge to listen to their wining & sniveling.

I think my friend had it right, shake off the dust and head to that South Seas Island that you jut bought and enjoy life. Besides I think it would be fun having your lazy, poor, self-serving, welfare bums for family now having to play the “Where’s Waldo” trying to find you…

DesertWolf

Originally Posted by EJAMM

You need to understand the IMF policies. First, the CBI would need to submit a Letter of Intent stating the desire to move away from the exchange rate/"defacto peg" and secondly, regardless of whether they are moving to a previous rate or not the CBI is setting a par value for its currency. Under Schedule C of the Articles of Agreement the par value would indeed need 85% approval of the member countries.

Spot on. Your insightful and knowledgeable post is much appreciated. There's also the small matter of the lower denominations, which have to be introduced to facilitate a large revalue, as some seem to think is quite within the remit of Iraq's capabilities. I wonder if anyone can throw more light on the lower denoms, as without them a rv is practically not possible at the levels we are expecting.

Originally Posted by shotgunsusie

considering we wouldnt be privy to the ifs ands or buts of what has been submitted and what hasnt we cant make a valued judgement on whether they have or havent been submitted. therefore, both arguments are as valid as the next, it is ready and its not ready.

yes, these things must be done but im not sure any of us would know whether it was done, when, etc. weve heard rumblings in the past of letters of intent and dates but thats what they all are, rumblings.

with all the assistance and pressure from the usa toward baghdad i would say dubya is not willing to let them delay this one. and im sure they know what must be done for the revalue before its announced so i would think if they are intent on this being it they would see to it that those things were all completed.

Wonder what impact the SBA has on all this, as it has been extended to Sep 2007. The dinar rate has expectedly increased in value by 13 odd percent without a short period in time. This was along the expected guidelines of reaching 1260 but was set to be accomplished in the first quarter of 2007. Like you state, it's not possible for anyone to be privy to the exact happenings behind the scene.

Originally Posted by shotgunsusie

actually, since then they have found the stockpile of gold that saddam had in switzerland to back every bit of that rate in the dinar. mysteriously some of that gold disappeared soon after they discovered it so i suspect an inside job.

Does anyone know for sure the gold reserves of Iraq? A link would be great. Thanks.

Originally Posted by goldraker

No, actually what happened was. The tellers were having conversations with me about dinars in a very low tone. Then, they kept hiding my dinars. From the view of the the other customers! Then during this time, my personal banker walked up and said don't do it! I have to say, that chase bank Has some serious customer relation problems. Try and call an 800 number, it's a joke. Plus when I was in there, two times in a row. I witnessed irate crazy customers!

Goldraker, I just want to clarify what you mean by the part in red. Did your personal banker direct that comment at you or the tellers. I have an account at Chase and have had the personal banker tell the tellers what they can and cannot do, such as do not sell or buy the Iraqi Dinar. Were the tellers getting guidance from your personal banker regarding that Chase Bank Branches policy on the Dinar or was that personal banker saying to you "Goldraker, do not sell your dinar back to our bank today, you will regret it". It seems by the way that you wrote your earlier message that the personal banker was talking to you, but in your message above are you sure you just didn't misunderstand that he was talking to the tellers? If you could clarify that I would appreciate it. Just your take on the situation is fine.

Thanks,

TT

Originally Posted by breakeven

Does anyone know for sure the gold reserves of Iraq? A link would be great. Thanks.

I found this, but it seems to include foreign exchange in that amount.

Iraq Reserves of foreign exchange and gold - Economy