Phil b

Thanks for the great comments, some I can really use and others - well you know what I can do with those. You have to remember we don't all live in the states, here in Denmark things are very different indeed. For example when I wanted to send a bankers check to Ali it took me 3 days just to get the cheque, THAT IS BECAUSE ALL FOREIGN CHEQUES ARE MADE FROM HEAD QUARTERS NOT IN LOCAL BRANCHES. We also have to order our foreign currency as usually not much,and in some currencies none is held in local banks. Some banks are also cash free ??? can you believe that they don't have any cash at the bank its all electronic ??? We also have red flags raised when we transfer JUST 10,000 DKR THAT'S ONLY $1750. They have also stopped people and checked their person for cash amounts at airports recently, the limit for cash is just 50,000 dkr thats $10,000, so I will be taking a risk just taking anything over 500 IQD . I AM NOT RICH BUT I HAVE MORE THAN THAT THANKFULLY! When speaking to banks here when I wanted to buy IQD, they adviced me to buy USD as they never dealt with IQD. So people are telling me to just go to the bank it'll only take 10 minutes. It'll take them more than 10 minutes to find out what an Iraqi Dinar is, trying to talk to them now is like banging your head against a brick wall. But yes I will have to bang a few heads and I simply must find out NOW how this will pan out in various banks here. It wont be easy and I guarantee you it wont be done in 10 minutes. I am certain the de la rue machines wont be in every bank either, so that will be further planning. Yes I have also read posts about cashing in in various time frames and I too was thinking before that there would be plenty of time to cash in, but since then things haven't really given me the impression that Iraq the IMF or World bank will take any notice of the "little man" if they had that in mind why would they suggest differing rules for the larger banks and national reserves. They could just say the money should be in by that date for everybody.

EMMMM - that's not too comforting to people who don't live in The US or UK or where ever he has offices. It wont be easy to travell with millions of IQD after they have RV'D, We can't exactly just shove them in our pockets and travell willy nilly can we. Have you spoken to a bank recently about the IQD ??? do you think they will have things ready for you between xmass and new year when they haven't got time to listen to you about it today ?

That's exactly why I am worried !! They probably can't intentionally screw us over in full view of the world. But they can give us impossible time frames which is the same as screwing us. Don't forget the big banks and govts are safe and covered for, it's only the commoners that will get hurt. Don't say that they give a monkeys about the small people in this world. The IMF and WORLD BANK don't care about us -PERIOD only themselves and their future gains.

HI All, what do you make of the phoenix post and the time limit to cash in ?? theiraqidinar.com/2010/11/25/phoenix-post-dinar-vets-112510-heads-up/ The more I think about it and the rates he has stated, the more realistic this becomes. This scenario would really throw the s*** into the fan. The rates are good enough and very very realistic but the time frame is not. It's not realistic if you expected the popluation to have time to cash in their Dinar. But very realistic if you wanted to cheat them, I have no qualms in expecting the authorities to try and cheat us. I hope this is not the case, but can imagine something like this happening to screw the private investors. Gee they could really screw us, if we have just 7 days to cash in, and those 7 days are over xmass and new year I am getting worried as I see this coming about as Phoenix explains it, the new currency will be around for the 1 jan 2011 and the old will be gone for good. They will have settled their own accounts abut leave the private investors in the crap or having a very hard time to get cashed in in time. Makes perfect sense to start fresh in a new financial year with a new currency doesn't it ? We can call the time limit unreasonable, we can cry all we want, but that wont make one bit of difference to the outcome. The iraqi's will have no problem exchanging and thats good for them they deserve it, but the westerners will have problems that's for sure. I sincerely hope that someone can come to the fore and tell me that this wouldn't or can't happen, hopefully someone will tell me that my problems are unfounded. Here's to hoping !!

A most enjoyable post which I will watch with interest to see other peoples point of view. I too have had the same questions, just imagine being a states leader knowing this is going to happen, knowing that this can solve all the financial problems in one foul sweep, yet they continue as nothing is afoot? do they really not know what is happening? or haven't their spin doctors told them the whole story?? I have been through the whole spectrum of emotions the past few months, a true roller coaster ride I can tell you. In my view I can only see one outcome, and that is that the Dinar must revalue to a higher amount what ever that may be. It has to be large enough to cover the US debts otherwise the whole operation would indeed be futile. I have also thought about what if the worst was to happen, what if I have been suckered one more time? Have I been caught in a scam once again? I have mulled over this many times but can not find a logical way of this being the case. Everything stacks up to this being a winner in my view, a win win situation for everybody involved. Once again thanks for the post, I look forward to hearing others views on this matter.

Emmmm ! No need to be abusive, when you put forward a file from a website which you state shows such and such, you should also expect people to go to that site and see it for themselves. If everything you state is correct then there is no problem what so ever, however when people go to that website and see no such thing then obviously they will think that YOU are misleading people. SEND ME A MILLION NEGATIVES GO RIGHT AHEAD, Then prove to us all that the information you state is also correct, also where exactly we can find it ourselves. Please feel free to post the link right here, not a manipulated file which you have posted. By the way we are all waiting for the link, I will admit I am wrong and take it all back when you show us the link !!!!!

HAHA So now show me a website that proves that the figures given are actualy real and not imposed on your attched file ! In my view this is just another exercise in misleading people with useless info etc. Sorry just my opinion uless of course you can give us all the link to see it for ourselves.

I just checked out the UN exchange rates and NEVER saw any rate for IRAQ??????? Am I looking in the wrong place ? I looked here http://www.un.org/Depts/treasury/ Then clicked on the excell sheet to find no such number !! Please tell me I'm wrong !