20MillionDinar

No question is a stupid question. Yes they are the same currency. Most banks, even if they don't provide foreign accounts, have a foreign currency exchange department where a customer can order physical currency. Can't hurt to ask!

This is true UNLESS they keep printing more and more dinar...if more Dinar is printed and more oil is pumped it will only even itself out in the end. Let's hope they keep it at their "measly" 30 Trillion!

What I mean is that the rate has been pegged for 3 years and all of a sudden it will drop from 1170:1 all the way down to 1:1 overnight...highly unlikely. If they were gradually increasing the rate everyday by about 3-5 dinars while also pulling dinars out of circulation on a daily basis, I could see that being a very real possibility. This is what they were doing from 2003-2006. BUT, they haven't been doing that for the past 3 years! That is what I meant by overnight...

Everbank is one of the BEST banks in the USA! I know you can have a gold / silver denominated account backed by actual gold / silver. They also allow many different types of foreign accounts whether it be through CD's or an actual global deposit account. You can have an account with Everbank denominated in the Chinese Remnibi. https://www.everbank...currencies.aspx https://www.everbank.com/personal/precious-metals.aspx

The Dinar currency is a NOT a scam! That would be silly to think that owning a currency such as the Japanese Yen or the Euro is a scam... However, the "scam" is in the excessive hype about the substantial imminent overnight RV.

You're right, I did sell the majority of my holdings and have since "put it to work" in a few other areas. One of my FOREX accounts has made $800 since March 26th and I only started with $1,500. My other FOREX account is also doing extremely well. I'm next looking into a Stock Swing Trade signal service as well as a Binary Options signal service which have both proven to be extremely profitable during the past year now. My goal is to keep building up my capital and keep diversifying into other investments as time goes on. If things keep going the way they have been, I should be able to sell my Landscaping business by the end of the year and focus solely on my investments. I agree, an 800% return on the IQD would be awesome! By the way, if the IQD is still in the same position next year as it is today I'll be looking into purchasing more Dinar again with the hopes that they do not "LOP" their currency. 100k would be a nice long term position in the IQD!

Well, first of all I am in no way "in the know" when it comes to the Dinar so what I say is only my opinion and should be taken as so. I tend to look at the facts and what I see is too much Dinar! M2 of 60 Trillion I then compare the 60 trillion to a 1:1 RV which would equal 60 Trillion USD. M3 Money Supply for Selected Countries When considering M3, the total money supply (of the world) exceeds US$50.1 trillion! Of this amount, the U.S., Euro-Zone and Japan account for US$33.1 trillion or 66.2% of the total. The following graph shows a cross-country comparison for M3. http://news.goldseek.../1185894180.php What I am wondering is how does Iraq, a war torn country, come out of the gate with a newly revalued currency which now equals more than every other country combined? Iraq's currency would now be worth twice of that of the USA, the Eurozone, as well as Japan combined! Even if Iraq has HALF of the stated money supply, it would make Iraq equal to the Eurozone, the USA, and Japan combined. This is where I find it hard to believe that an overnight 1:1 RV is possible. Even $.50 is pushing it... However, I do feel that a gradual increase in the IQD is possible! This way they could slowly reduce the amount in circulation while increasing the value of each existing currency unit in circulation. Increase oil exports, build up infrastructure, promote growth in the private sector, which will all help to build their countries' overall GDP. This is how a currency gains value in the real world. If Iraq is worth 60 Billion but has 30 Trillion dinar in circulation. They could keep that same value ($60 Billion) but make each existing currency unit (IQD) worth more by reducing the overall amount. However, the decrease in currency in circulation needs to be gradual, as well as the increase in the value of the IQD. The reason it needs to be gradual / controlled is so that they maintain inflation. Keeping inflation under control has been one of their biggest priorities during the past 9 years or so, I don't think they want to destroy everything they've worked for just to have a high valued currency overnight. Japan's total M2 money supply is equal to 6 Trillion USD Iraq's total M2 Money supply is 60 Trillion IQD equal to 60 Billion USD A $0.10 straight up RV of the IQD would make Iraq equal to Japan!

You're welcome. I am also seriously considering taking a trip to Uruguay! I've been trying to convince my lady to move out to central / south america but she's not going for it, well, not yet anyways. I have a good friend who moved to Ecuador about 2 years ago, he really enjoys it out there. Totally different culture and way of living.

Unfortunately this is the truth. Although it sounded very nice, the reasoning behind Captain Wingnut's theories were a little far fetched. No Dinar left in circulation IQD being a reserve currency AND becoming the PetroDollar... IF the things that he mentioned were to happen then yes, we could see a an overnight RV, but...that isn't what is happening right now. Maybe he has somebody he knows who is a Central Banker who has told him the plan and about the major changes coming to the global financial system. If not, then these are only theories, which sound good, but unfortunately a little unrealistic.

Excellent post WW! Thanks again for your contributions to this site, I always enjoy what you bring to DV!

Another member just posted the following comments in another section of this forum, thought it would fit nicely in this particular thread. Yes, you are more than welcome to call me WW., patty. I actually prefer that. Diversification is great, no question about that. And glad I could help. I agree that this site has much to offer in many areas of interest. It has really given me (and many others) an outlet to "socially network" ideas to others and, in turn, receive ideas back. In other words, this site is a great medium of exchange. I could not begin to tell you how much I have learned, about a wide variety of topics, on this site. For that I am grateful.... both to Adam, the moderators, and to all contributors. Glad you enjoy the information I'm sending and thanks for the kind words. My hope is that we all can become a little more educated about the investment world so that IF we get a nice exchange rate we will be well prepared to be wise with our new found money. And even if the IQD doesn't pan out like we hoped hopefully we will have found new avenues to make good investments. Read more: http://dinarvets.com.../#ixzz1s5MBUE2O

A few of us gave you our opinions in our replies and look how you responded... Unless you're a child it shouldn't be hard to understand why people reacted this way to your posts. You asked a question, we answered. But then you came back with some attitude...not cool. By the way, you missed some of our points in the entire 2 pages of your thread so I'll make it clear for you one last time: ***SOME OF US ARE HOPING FOR THE LONG TERM APPRECIATION OF THE IRAQI DINAR***

LOL, exactly! The MODS can see which IP addresses people are logging in from... I don't think DaveH would have just made some random accusation from nothing...

I think you need to go back and read my posts... Also, while you're at it, go back and read your original question again. LOL, just because I am posting in or visit the LOP section it doesn't mean I think or hope it will LOP. I am here for the long term appreciation of the Iraqi Dinar. NOT for the potential overnight 1:1 RV AND NOT for the potential Re-Denomination Does any of the above make sense? Or do you need me to explain it in further detail? Let me know, I can try and break it down for you so that it will be simpler to understand. "Hello Guy's I'm not looking for a fight ,I'm not getting in anyones faces so don't all Nag me at once..." Just a heads up, it actually is starting to look like you are looking for a fight, no?

With "respect" sir, it is not only about Dinar... Why do you think there are so many other sections on this forum? The VIP section was put together for the sole purpose of using Adam's NETWORK and contacts for post cash-in and investment opportunities. Power in numbers = Networking Some people are INVESTING in the Iraqi Dinar through a BUSINESS and are NETWORKING with others for advice on post cash-in and INVESTMENT opportunities. Again, I say Hmmm....starting to look like this forum is about more than just Dinar. What do you think?

That is the problem. Most people do not want to talk about the actual numbers. OR, they come with things like: 1) Numbers are wrong 2) CBI is lying 3) They have withdrawn all of the Dinars off the streets and taken them out of circulation, only US dollars are left in Iraq 4) Dinar OUTSIDE of Iraq doesn't matter, it will be used to purchase oil by the FED 5) Why are you here in the first place 6) The Dinar is going to be a reserve currency 7) This is part of the bigger plan, the Dinar is the key to the collapse of the global financial system There are many more things that are falsely stated time and time again, but what it all boils down to is the NUMBERS.

Did you not notice all of the other areas in this "Dinar" forum? Gold & Precious Metals, Tax Discussion, Foreign Currencies, Wall Street, Penny Stocks, Off Topic, FOREX Discussion, Investment Opportunities & Wealth Management. Hmmm.....starting to look like there is more to this forum then just Dinar, right? Considering the fact that a Re-denomination IS a possibility, I think the "LOP" section fits in nicely with everything else in this forum, wouldn't you agree? Networking, Business, & Investing. These are the 3 major reasons why I'm here, what about you?

Taking Advantage of High Yield From Latin America’s Strongest Banks By Jeff D. Opdyke, Editor, The Sovereign Individual Dear Sovereign Investor, In December, I told my paid Sovereign Individualsubscribers that 2012 would be the Year of Yield. With U.S. interest rates nearly non-existent, income seekers have to become more creative...and more resourceful. I routinely look at a variety of investments that, I believe, are relatively safe ways to collect income. Most of the time that means foreign companies delivering yields of between 5% to 10% in currencies that offer an attractive edge for investors looking to hedge against historic U.S. dollar weakness. However, during my latest trip to Uruguay, I found a yield play that was unexpected – and safer than stocks. It’s great news for investors, savers and A Big Benefit for Investors and Savers Banks in this well-run country offer simple, interest-bearing accounts that pay up to 4.5% annually. CDs offer more. Uruguayan residency is not required to bank here, and opening an account is easy – though you do have travel to Uruguay… but that’s far from a hardship, given how appealing this country is. One of the banks I recommend is state-owned Banco de la Republica, Uruguay’s largest bank. Accounts at Banco de la Republica can be denominated in dollars, euros or pesos. The dollar and euro accounts carry tiny interest rates, however. To lock in the big returns requires a local peso account. In pesos, you can pick up a CD yielding between 5% and 6% annually – multiples larger than you will find anywhere in the U.S. The minimum investment for a one-year CD is just US$1,000, or 5,000 Uruguayan pesos. Along with hefty interest rates, stashing cash in a Uruguayan CD comes with another significant benefit – currency exposure. The local peso is a stronger currency than the dollar because Uruguay’s finances and resource-based economy are fundamentally better off than America’s. Over the past five years, the Uruguayan peso has gained 23% against the U.S. dollar. Had you invested in a hypothetical, 6% annual time-deposit five years ago, your real rate return would be just shy of 10.5% a year after accounting for the currency move. This Latin Nation is Not as “Exotic” as You Might Think… If you are a regular reader of Sovereign Investor, you know I am big fan of Uruguay. I’ve written to you about a variety of opportunities that can be found in this magnificent little South American nation – including: easy to obtain residency, access to dual citizenship, a high quality of life, and vast tracts of productive cattle or farmland. And I’ve shared video interviews from the financial tour I hosted there a little over six weeks ago. In fact, just two weeks ago, I sent a note to Sovereign Individual subscribers asking how many would be interested in join me on another investment trip to Uruguay. Within hours, over 100 paid subs emailed me to say “Count me in, Jeff”. (We’re specking out another trip right now.) Here’s why this country is staring to get the attention it rightfully deserves… Uruguay is strongly middle-class, unlike much of Central and South America. Democracy and the rule-of-law are well-entrenched here. Government is stable and transparent. Uruguay’s banks are healthy, and all easily survived the global financial crisis. They’re highly regulated, highly profitable and highly liquid. They’re among Latin America’s strongest banks. These are the banks into which wealthy Brazilians and Argentinians deposit their money in good times and bad because they know the government won’t default and the Uruguayan central bank won’t devalue the currency. It’s the safest country south of the border and the wealth gap is narrow, meaning there’s no social unrest or crime fueled by angry have-nots. You don’t find beggars roaming the streets, or bare-foot and impoverished children panhandling. The literacy rate in Uruguay matches the U.S. There’s no need to pay bribes. There’s no mañana attitude. The country is clean and tidy. The beaches are beautiful, many wild and often empty. The national highways are first-world and well-maintained. All of those are the very reasons I would move my family here with no qualms if my son wasn’t so attached to his high school. I believe that investors who make the best decisions for their money are those who go beyond the beaten path to find where the true opportunities exist. You might never think to consider banking in Uruguay. Yet, it is a solid opportunity to grow your wealth with a safe, high-yielding time-deposit. Until next time, stay sovereign... Jeff D. Opdyke

I've also read quite a bit on that topic. If it happens there will be MASSIVE changes around the entire world!

If they duplicated what they did from 2003-2006 for the next 3-5 years we could probably see $.10. Increase value by about 3-5 Dinars on a daily (or almost) basis. While they are doing this it would strengthen each individual currency unit, which means they could technically take out a small chunk of Dinars on a daily (or almost) daily basis. I guess the trick would be to maintain the same amount of value throughout Iraq but using less dinar, which in turn gives each dinar in circulation a slightly higher value. Thoughts?

Quick Question: I see you said that nothing has changed, just the fact that they are under sanctions. But I don't understand how the Dinar we hold should be valued at $3+...? Saddam's era they had roughly 30 Billion worth of Dinars floating around Today they have roughly 30 TRILLION. This obviously makes each individual currency unit worth much much less! Unless of course you think they are down to roughly 30 Billion Dinars. Do you think the entire country of Iraq is operating off of 30 Million Dollars worth of IQD as well as US Dollars? If this is the case then their currency could be worth over $20! There is one problem even if there isn't even 1 single 50 IQD note out in circulation: Their M2 is 60 Trillion, making about 30 trillion of that digital currency. Even at 1:1 now their currency is worth more than every other countries' currency in the world combined. How is this possible? Thank you in advance.

Yes they would need the cash reserves to back their RV. Option #1: Unless they became the first oil exporting middle eastern country to start using a currency backed by the faith of their government instead of reserves. OR Option #2: Unless a new global financial system came into play which allowed countries to value their currency off of all of their assets (monetization) Both above options are pretty unlikely, but one never knows. Option #3: They do have the option to slowly build up their economy, infrastructure, private sector, agriculture, increase oil exports and GDP, withdraw currency from circulation, and gradually increase the value of the Iraqi Dinar! This to me is the most realistic option... (this would still pertain to Option #1 above...) **Disclaimer**: I am not a central banker, I am not an economist, the above are only my opinions based off of my own experience and research.

Haha, I feel you on that, it can get a little annoying sometimes. I'm doing alright, enjoying life out here in paradise I'm steady trying to make 2012 a great year! The most I've traveled in the past few months was around the island. Took me about an hour and a half LOL Good to see you back in action!

Hey Sanssouci! Where have you been lately? Haven't seen you post in what seems like ages!

Hey Zig, I really don't know any real solid information in regards to the DFI funds. If they are in fact sitting in different bank accounts then we all know the banks are leveraging the crap out of those funds as well as loaning them out at a ratio of 9:1. I won't make up something just to sound good, so to be honest, I don't have any real solid facts regarding the DFI funds. Wish I did! Sorry Zig... However, if Iraq has funds outside of Iraq then sooner or later they will regain control of the money. Not sure if it would be the Government of Iraq's or if it would be transferred to the CBI and placed in their reserves. Hi Carlos! Great answers! It is always nice to hear other's opinions and perspectives on different matters. Thank you for taking the time to give your opinion! I'm going to give you a few links that might interest you. Again, I don't believe everything I read, but I don't disregard it all either. You actually might have come across some of my previous info here on DV, who knows... Carlos, you might like a few of the following links so feel free to file these if you want. Some of the following links may seem a little silly to some people, others think this is conspiracy theorists crap, I personally like to take in all of the information I can and make my own educated decisions off of the info I soak up. http://www.wethepeop...e2012-01-19.htm http://tdarkcabal.blogspot.com/ http://kauilapele.wo...there-is-to-it/ http://benjaminfulfo...ecent-find.html Financial Research Companies & Newsletters http://sovereign-inv...r.com/about-us/ (enter your email address in the box to the right of the page) http://www.dailywealth.com/ http://www.moneyandmarkets.com/ All of the above financial research companies offer "paid" services. Just stick to the free stuff, there is still a ton of information! Enjoy! Here is one more link: http://wakeup-world....ew-world-order/