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wmawhite

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  1. No, no, no............this is about the stability of the USD when compared to all the other currencies of the world...NOT the IQD. No, no, no............this is about the stability of the USD when compared to all the other currencies of the world...NOT the IQD. No, no, no............this is about the stability of the USD when compared to all the other currencies of the world...NOT the IQD. No, no, no............this is about the stability of the USD when compared to all the other currencies of the world...NOT the IQD.
  2. Folks,……….some food for thought. All of us want to know how we may learn of a large change in the rate of the IQD. Some of us think that a dinar broker may be a good source of info concerning the RI/RV. However, I know broker who receive their shipments directly from Amman, Jordan. Another one receives directly from the Dubai. Yet, another one who receives his from another broker who receives his shipment from a broker in the Middle East……………..and there is one more………who is another step removed in this process. The reason for this explanation is to show you that none of these brokers are guaranteed a call at the onset or the very beginning of the RI/RV. Other than receiving their shipment of IQD that they have paid for, these brokers are NOT guaranteed anything……….especially, a telephone call telling them that the IQD has changed its rate. This is NOT stating that one of these brokers may not be able to make a call to a source to learn if the rate has changed. However, do not fool yourself into believing that your broker is guaranteed a telephone call advising him/her that the RI/RV has happened. Again,………..just some food for thought.
  3. Kuwaiti dinar - The dinar was introduced in 1961 to replace the Gulf rupee. It was initially equivalent to one pound sterling. As the rupee was fixed at 1 shilling 6 pence, this resulted in a conversion rate of 13⅓ rupees to the dinar. When Iraq invaded Kuwait in 1990, the Iraqi dinar replaced the Kuwaiti dinar as the currency and large quantities of banknotes were stolen by the invading forces. After liberation, the Kuwaiti dinar was restored as the country's currency and a new banknote series was introduced, allowing the previous notes, including those stolen, to be demonetized. After the liberation, a new series was issued on 24 March 1991 with the aims of replacing the previous withdrawn series as quickly as possible and guaranteeing the country's swift economic recovery. This new series was legal tender until 16 February 1995. Denominations were ¼, ½, 1, 5, 10 and 20 dinar. Here is an article from a L. A. Times news correspondence report the reopening of the Kuwaiti banks: Crush Expected When Kuwaiti Banks Reopen Today March 24, 1991|From Reuters KUWAIT CITY, Kuwait — Thousands of Kuwaitis are expected to jam the country's banks today when they open for the first time since the end of the Iraqi occupation. Customers will be allowed to withdraw funds and to swap pre-invasion money for a new currency issued to make more than $1 billion in pre-invasion dinars stolen by the Iraqis worthless. "We expect a rush of people," said Issam Asousi, an executive with the Bank of Kuwait. He said it could be a chaotic first week because customers have a lot of questions about their accounts. Kuwaiti banks continued operating during the seven-month Iraqi occupation under managers brought in from Iraq, but they have been closed since the U.S.-led alliance ousted the Iraqi army from Kuwait a month ago. When the banks reopen today, customers will be able to withdraw up to 4,000 Kuwaiti dinars, equivalent to about $14,000 at pre-invasion exchange rates from their accounts, and to exchange a like amount for foreign currency. Balances of customers' accounts will go back to what they were on Aug. 1, a day before the invasion. Clients will not be able to exchange Iraqi currency issued during the occupation, when Baghdad pegged the rates of the strong Kuwaiti dinar to the far less valuable Iraqi dinar. The new Kuwaiti money will be exchanged for old at a one-to-one rate. http://articles.latimes.com/1991-03-24/news/mn-1395_1_kuwaiti-banks In closing, keep in mind that Iraq invaded Kuwait in August 1990. The Kuwaiti currency at that time was the Kuwaiti Dinar. The Kuwaiti currency was replaced with the Iraqi Dinar. Seven (7) months later, February 28, 1991, The Iraqi forces are kicked out of Kuwaiti and the war has ended. Twenty six (26) days later, on March 24, 1991, the Kuwaiti banks reopen with a NEW currency valued at 1 KWD = $3.50. If any Kuwaitis still held the old currency it would be accepted at a one to one rate. Keep this in mind when you hear other wild stories about the KWD.
  4. webermr, I am amazed at how quick people are to criticize and bash other people, such as yourself, who offer up their personal experiences on this forum.
  5. Truckdriver...................the $3.22 you referred to will be displayed in the following manner after the RV (if in fact the rate is $3.22): 1 USD .3105 IQD The CBI website wil show the rate per 1 USD......as it does presently.
  6. This very(underline "very" 3 times) unexpected move (by me anyway) could slow the gears a little, BUT be of good cheer fellow Dinarians this is the best news in the history of the RV project! Read more: Please, what is the best news??????
  7. Now!!!!........I think you are onto something because we are hoping that when this RVs we will see a rate similar to this: 1 USD .26507 IQD Which is the equalivant to 1 IQD = $3.77
  8. Good point, Roger!!! Yes, the 50 IQD is much SMALLER than the 25,000 IQD. However, that is not an indication of an impending RV. We need to see the coins and lower demons (1,5, 20) etc.
  9. Phoenix, Thank you for your post. Semper Fi
  10. .............GREAT...............I guess that they are still waiting on having their meeting in 2007???? Read the article before posting!!!!
  11. Phoenix, Correct........or not, thank you for the information and Happy Thanksgiving to you and yours.
  12. Hello Folks.........!!! This guy is talking about the Kurdish Region budget.......not Iraq's budget!!!!
  13. It was the new Starbucks that just opened!!!!
  14. What has Mr. Shabibi said numerous times he will do during 2010? Answer: The IQD will be redenominated by the end of 2010.
  15. Now the question is..........what else does Mr. Shabibi need????
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