TeeMoney

You may be right.. I was going off the St Louis fed adjusted monetary base... http://research.stlouisfed.org/fred2/data/BASENS_Max_630_378.png

They very well could come out at 1 to 1. We just dont know. Their foreign reserves will play a big role, how much money they make from selling Oil and Natural Gas, will play a role. Stableness will play a role. How much currency they really have in circulation in Iraq will play a role, and what they reduce it too. Fractional banking will play a role, investor demand in the country and building the infrastructure will play a role.... there are just too many things to list that will play a role in revaluing the currency and then keeping it stable..... to know the rate. And like you all have heard before..... you could truly make an argument for every possibility, whether it be .10, 1.00, or 3.00... or even the dreaded Redomination (LOP)...

Iraq doesn't have to have the oil to pay for all the dinar. The dinar is a fiat currency just like the US dollar is a fiat currency. They are not commodity backed currencies..... Yet! And who knows if they will truly go to a commodity backed currency... And to Iraq, our dinar doesn't matter when it comes to cash in. Its the US that needs to worry about OUR Dinar. When we cash in our dinar to dollars, the dinar will be taken off the market and will not flood back into the Iraqi market causing inflation. It will be digital dollars that enter the US market. Thats why i believe the Govt and the Feds had something to do with stopping DinarTrade, with him being 80% of the market. I believe they were keeping track of the dinar coming into the states and being sold. And I believe there is a threshold where if there are too many dinar here in the states and the revalue happens, it wouldend up hurting our economy with too much inflation. The currency that truly matters is what is currently inside of Iraq right now, not what's outside of Iraq. I'll use the US as an example.... There is a reported 2.4 trillion dollars in circulation here in the states. But outside of the states there are trillions and trillions of dollars. Most of those dollars are held by central banks who use those dollars to purchase oil, using what's called the petro dollar. If there was a complete collapse of let's say the petro dollar, or confidence in the dollar and all of the dollars came flooding back into the US, then we would see massive massive inflation here. The Feds wouldn't be able to pull it all out of circulation fast enough and there would be a banking holidays. Iraq doesn't have to worry about our currency thats already here in the states. They have to worry about the currency circulating within their own country.

Thanks... I was writing my post when you posted that. I read it afterwards.

So say this document did come from the government.... Are the government and US Treasury considered the same thing or are they two separate entities? I believe the treasury hold dinar, but not the government itself... Also, another thing to think about..... What then happens to the electronic dinar being held? Is that considered new or old... Or do they just flip a coin and decide, then pass a law on the electronic funds..... The way I see it, they have will do something straight across.... IMO... But how they do that and in what fashion is what I think we are all waiting to see...

A family member of mine sent an email with info to open an account last week. 4 days later Mr. Issa sent an email back accepting his request to open an account and that he would send the info over to the accounts department to get account numbers. Now we re waiting to here from them on the numbers... We'll see what happens...

First and probably last post on the board. I like to stay away from the boards as much as possible because they can suck you in... like many of you on here already know... But I had a funny story to tell... I went into Chase this morning to wire some funds to my warka account. After I had signed off on the wire I asked the banker if he had ever had anybody send wire money to a warka account. He said, " no, he had not personally". He then asked where warka was and what type of investment it was? I told him, " in Iraq". He said, " oh, I see..." ( and no.... Not with wide eyes while he pushes himself back into his seat... But just very casually) I said, " yeah. I've just been following the money and noticed that just about every country in the world it seems, is pouring money into Iraq" He said, " yeah, that's a good idea. Get into there on the ground floor while they are at a bottom. My buddy just moved back to Baghdad, because he has a construction company. ( I dont know if he meant that he went there to build stuff or he went there because his construction company here wasn't making any money) Haha... Literally, less than 30 seconds later he says, " oh, but make sure you stay away from the dinar, that's still up in the air. You'll want to stay away from that," I just about started laughing, but I just smiled and said, " good to know, thanks for the info" Stood up said goodbye and shook his hand and walked out.... This guy had no idea what he was talking about. First he tells me that it's a great idea to get into Iraq at the ground level but then tells me to stay away from the dinar.... Haha... I just thought to myself, when you invest in a country, you are also investing in their currency. If their currency collapses, so does the structure inside the country. You just contradicted yourself big time buddy... the way he jumped to say, " stay out of the dinar,cause that's still up in the air" almost sounded like he was told to tell people that. Anyways, you probably won't hear from me again unless I have something worth while to post. And I figured, everybody loves the bank story... Lol