20MillionDinar

I agree. This is excellent news! Would love to see some pics if at all possible. Thank you for the post RockingBaghdad!

If it comes out at (straight RV) $0.01 I will be ecstatic! A return of 10x on my investment in 5 years is not too bad. If this happens, it will then be time to put that money to work!

another site: I have always thought that he takes a very grounded approach to this investment. However, it may seem a little negative at times just because it doesn't align with people's hopes and dreams of being a millionaire but he always does approach the Iraqi Dinar in a professional manner. I'm going to read through the old Ernst & Young report. Just hoping that E&Y can get a more recent report out ASAP! Thanks for posting this info PokerPlayer.

Never giving up. This is a speculative investment, not a get rich quick scheme.

It is a fact that our own Federal Reserve is THE BIGGEST purchaser of T-Bills and U.S. treasury bonds. They actually purchase the T-Bills (MTN's) at their own auctions so to speak. This actually manipulates the market for their own benefit. To others it looks as though there is still a high demand for the MTN's and U.S. treasury bonds when in actuality we buy them back up... http://www.marketwat...onds-2010-11-03 http://www.washingto...treasury-bonds/ The real question is Who will buy Treasuries when the Fed won't? http://www.ritholtz.com/blog/2011/03/treasury-bought-buying-buy/

I think this is his UK Dinar site, could be wrong though... My link

Oh ok, so the same crap they've been saying for the past 6 months or so.... LOL Thanks Unspoken

Just curious, what do you mean by Vouchers? I'm a little confused....except for the part that says "It's 2011 BIG BUCKS,OKIE, & Blaino are full of it!" That part I understand...

IPP, thanks for letting me know. 35% is a steep price to pay when cashing in....I will definitely be doing my shopping assuming I don't get in with VIP and take advantage of the rates they are securing for their members. Andy, to me this is better news than the bank stopping sales due to possible "legal discrepancies." I too know a few very financial savvy people sitting on over 100 million dinars. Whenever I have my doubts or let my emotions get the best of me, I think about the individuals sitting on $100k+ worth of IQD's!

Hey LaGrange, I believe 3-4 Trillion is traded on the FOREX market everyday! This is a heavily traded and very liquid market.

BAGHDAD (AFP) – Iraq's cabinet held a live televised meeting on Tuesday to discuss progress made over a 100-day timeframe set by Prime Minister Nuri al-Maliki, who pulled back from a threat of ministerial firings. Analysts have warned that while short-term progress has been made, little in the way of landmark legislation has been passed, key issues remain unresolved and protests have already been called for Friday. The televised cabinet meeting, which Maliki said would set out ministers' accomplishments and future plans, had an early focus on energy and electricity, issues which loom large in a country which relies on oil exports for 90 percent of government income but suffers a massive power shortfall. "Today, we will show to the people the explanations of the ministers about what we have accomplished, what we want to do, and the obstacles," Maliki said, before Hussein al-Shahristani, deputy premier with responsibility for energy issues, took over. Maliki had set the timetable on February 27, noting that reviews would be carried out based on ministerial performance over the ensuing 100 days and warning that "changes will be made" based on those assessments. But on Monday, the day before the deadline was set to expire, he signalled that no top politicians would be dismissed for poor performance, insisting that his remarks had been misunderstood. "There are those who want to confuse the concept of this initiative," Maliki said in comments broadcast on Iraqiya state television. "We think that they want to push people to force ministers to be accountable for a few things that naturally should take more time." Newspapers have insisted, however, that the government must show concrete progress, with the independent Al-Alam daily noting in an editorial: "The government of Mr al-Maliki obliged itself to these 100 days." "Therefore, after the end of the 100 days, it must provide real and tangible achievements for the public, and not only give slogans and speeches, and must stop talk of fake achievements, or even to ask for a new 100 days." Maliki issued the 100-day warning amid widespread protests across Iraq over poor basic services, high unemployment and rampant corruption, in some of the biggest rallies since the fall of dictator Saddam Hussein in 2003. At the time, it was seen as an effort to galvanise his cabinet, after Iraq had languished without a new government for more than nine months following March 2010 elections. In any event, analysts believe that firing ministers would be politically difficult for Maliki, who heads a fragile national unity government with all of Iraq's main political blocs. "Despite the combative words when he first announced the deadline, there's a realisation that he doesn't have full executive power to dismiss members of the cabinet," said Ali al-Saffar, an Iraq analyst with the Economist Intelligence Unit in London. "If he were to sack a minister, what would that mean for the coalition? So I think realism seeped through in his latest remarks." Protests have already been planned for Friday, with a group set up on social networking website Facebook called "Great Iraqi Revolution" drawing 35,000 members and urging supporters to take to the streets. Other similar groups drew thousands of users, although it was impossible to verify how many were inside Iraq. In response to the February rallies, Iraq rerouted $900 million originally earmarked to buy fighter planes to food for the poor, reserved $400 million for generator fuel to power air conditioners over the hot summer, and started projects that showed visible change such as the roadworks and sewage repairs. But key questions have still not been addressed. These include the future status of the 45,000 US troops left in Iraq, the disputed oil-rich province of Kirkuk, and efforts to diversify Iraq's economy away from crude oil, which accounts for two-thirds of revenues but just one percent of jobs.

Interesting.... Another bank decides to stop selling Dinar. Andy, do you happen to know what rate they will buy back at?

I agree. Thanks for sharing.

I have purchased over 15 Million Dinars from GID Associates during the past 4-5 years and have never had a problem. They have always been the cheapest source for 25k notes. My bank charges $50 for a wire so if I were to ever purchase only 100k dinar (which I haven't) at a time it would be a bad decision to pay the wire fee. The smarter way to go would be to mail a personal check and wait for the delivery. As long as they receive their order within 5 days your order is "locked in" with GID. I always ask to speak with Janet, she knows me personally and is always willing to help me with my transactions. Hope this helps.

Using $100 dollar bills would only be 5 times more cash then bringing in 25k Iraqi Dinar notes.... Not THAT big of a difference. Sorry. This is exactly my thinking as well. I'm glad I'm not the only one thinking this. 30 Billion in circulation as M1 money supply. Possibly 40 billion in circulation total M2 money supply, that's it! How does this work? I'm curious, anybody? The entire country would cost us less than 10% of our "too big to fail" bailout a few years back! LOL This is very true. In America we operate on a Fractional Reserve Banking system. I don't know for a fact but have heard that "Islamic Law" does not allow the countries to operate in this fashion. Their banking system is backed 100% by reserves. Well this is what I have heard over and over on this site anyways, could be wrong...

I also caught that. I would be ecstatic to get $0.067 with a straight up RV!

Thanks Poker Player for sharing.

There will be no need for a receipt. This is currency.

http://www.rabeesecurities.com/ Read through their website for more details. Thought I would just throw this in as well. Here is the ISX website: http://www.isx-iq.net

Great work my friend! Very impressive!

Nevermind.....this post was turning into Math 101

Thank you everybody for your input. I am going to step away from this for the weekend, probably been letting some of the posts get the best of my emotions... Off to the beach with my daughter, been raining all week out here in Hawaii, gotta get out and enjoy the sun while it's here!

Thank you for your input on this stupid argument. This must also be another "stupid" article but I will post it here anyways. Still waiting for a link from the original poster (if any at all...) 7. 7. المApproval to adopt the exchange rate of U.S. dollar and prices according to the Bulletin issued by the Central Bank of Iraq at foreign companies pay the dues of the project of hospital capacity (400) Bed and depending on the dates of exchange under the contract and be compensated for currency exchange by the Ministry of Finance Read more: http://dinarvets.com/forums/index.php?/topic/69311-take-a-look-at-num-7/#ixzz1OLN4LAhW What does this mean? I guess what you could try and prove to all of us if there actually is a "contract" rate in Iraq. If you can't prove it either way then don't bother responding to this thread. Thank you. I am looking for information that will prove this wrong or right, not looking for opinions on this matter from people who are not contracting in Iraq and do not have definitive answers.

I never said this is fact or this is exactly what is going on JMW. If you go back to my first post then you will see I was inquiring about this particular situation. You have given me your $0.02 and I appreciate it. I see your point. But you still do not prove whether or not this is exactly what is going on... Just your opinion. All I am saying is if people sit back and look at this Dinar RV as a cut & paste type of deal while using 100% common sense you might not be able to see all angles to what is going on. From a traditional business stand point I can see this sounds ludicrous but with all that is going on I felt the point was worth bringing up.

They would if they already have an agreement from the CBI to buy it back making a small profit through a small spread... If this is helping to build the infrastructure and economy of Iraq then it is a possibility. Just read another thread named "Cashing out in Green Zone." The last sentence of the post says "Things are not always vanilla and chocolate all the time – sometimes special situations call for special circumstances. Read more: http://dinarvets.com/forums/index.php?/topic/69341-cashing-out-in-green-zone/#ixzz1OLEbDyfe