ShawnW

Thanks for the update

Another piece of this puzzle is that according to sources the UN stepped in on Oct 8th after the RV did not happen on Oct 3..... and that is the same time that the cash stopped ... still don't know what it means, but interesting nonetheless..

What you guys are missing is that these banks have to protect themselves against this rise in the IQD. Banks use derivatives to hedge against currency fluctuations. This is not meant to make the bank a profit but only to protect against loss. Now they are not going to spend money to protect against loss if there is not fear of loss. Meaning that the the banks are expecting the value of IQD to be higher than what the derivative is being offered at by the expiration date. It has nothing to so with them buying the currency, but only that they will not have to pay for it when you bring it into the bank........ Shawn

http://translate.google.com/translate?u=http%3A%2F%2Fal-iraqnews.net%2Fnew%2Fpolitical-news%2F30416.html&hl=en&langpair=auto|en&tbb=1&ie=utf-8 Conscious / Baghdad / T r 17/10/2010 5:42pm 17/10/2010 5:42 pm The head of the list of renovation and a leading figure in the Iraqi List, Tariq al-Hashemi said the leadership in Iraq has reached an important decision to be hoped it was announced on Monday. Hashemi said in a press statement following a meeting of the leadership of the mass was attended by reporter (and the Iraqi News Agency Information / INA) that today's meeting was very important and which were review the current political situation and study the options available to the Iraqi List. Stressing that the Steering Committee Atkhaddt important decision will be presented on Monday to Congress . Iraq's 91 for consultation and to take the final decision would be announced after the end of the meeting.

That is not what they are doing...... They are insuring themselves against it being that high. Basically if this is true, banks are stating that they believe it will be at least be this high by Nov 2nd, and these derivatives will hedge against the influx of Dinar they will recieve post RV, This is my opinion.....

This was posted yesterday and Scooter has said he is looking into it... Derivatives are available only at the Banking level in FX so not veiwable to general public.

Here is part of a definition of Derivatives that I found.... Derivatives can be used to manage foreign exchange exposure, especially unfavorable exchange rate movements, Speculators and arbitrageurs can seek profits from general price changes or simultaneous price differences in different markets, respectively.Others use derivatives tohedgetheir position; that is, to set up two financial assets so that any unfavorable price movement in one asset is offset by favorable price movement in the other asset. http://www.allbusiness.com/glossaries/derivative/4952450-1.html

Just passing along.......

Thanks

Just passing along

If you click the link the point of the post was the highlighted dates, both in October......

Can you confirm how you know that he made two trips into Iraq? link, intel...... just very curious. Shawn

Too Funny LOL, LOL

Just passing along......

Now That Is Funny!!!!!!!

Not Mine, but here's another 5/3 bank rumor [5:39:35 PM] dr.g & T.: anyone here [5:39:49 PM] dr.g & T.: got a hot tidbit BANKING [5:45:31 PM] dr.g & T.: I turned my friend on to Dinar. He has a construction company..large. he has an excavation crew. one of his workers has a sister who bought dinar.. she is really hard pressed for $$ so she goes into 5/3rd bank in bradenton,Fla today to sell some dinar back to the bank [5:46:31 PM] dr.g & T.: the bank VP comes over to her and asks why is she selling dinar back ..she is upset and starts crying so he asks her into his office..he tells her to not sell the dinar [5:47:11 PM] Mark: Wow DrG [5:47:25 PM] dr.g & T.: he tells her it’s confidential and he isn’t suppose to tell her but knows her and feels for her situation. He told her as of today, although they are still technically selling dinar.. [5:48:33 PM] dr.g & T.: they can only get small denominations and that all the big bills are no longer available to his bank as they are taking them out of circulation in several days and she needs to hang on and not sell hers back. [5:49:06 PM] dr.g & T.: he indicated that she would regret it if she did but that was more than he was allowed to say [5:49:40 PM] Mark Davis: Oh my goodness! That is the best banking story I’ve ever heard [5:49:43 PM] dr.g & T.: sorry for the bad type [5:49:55 PM] dr.g & T.: it was good mark and it was today

probably about as accurate as the news, but without having to waste the time on some crazy link.......

FROM ANOTHER SITE NOT MINE.... I have a friend who is a day trader, He is handicapped and has been in a wheel chair for years but has managed to make a living for himself via day trading through contacts in New York and Chicago for many years now. Unknown to me, He had his contact in Chicago contact me this morning about the talk on the Dinar by the traders in that market. The Dinar is very big talk by the traders up there, they are expecting it to go any day now. And the Value is Rumored to be high, He stated that there was a ton of pressure from Foriegn countries and the UN to come out at or near the Kuwait value…(my thought was, this sounds familiar), I instantly started really paying attention now. He went on to state that they were hearing at $3.52 (equal to the Kuwait Dinar) many countries felt it was about 9% over valued due to the Iraqi debt that had yet to be forgiven, I quickly did the rough math in my head said great take 30 cent off I will take 3.22 all day, he then went on to explain that the recent oil reserve announcements changed everything. With the announcements of 143 Billion barrels recoverable and even more there, and yet even more areas to explore, that at 3.52 The thinking was now that it is probably 25 – 35% under valued and the main question the traders were asking themselves at this time was will it come out low (3.22 – 3.52) and be allowed to float up or would it get pegged to the higher amount day 1 and stay for a specific period of time (say 12-18 months). Either way he was very very upbeat and excited about when the next event would happen. I tried several times to pin him down on a date and a number, he finally went with 3.22 any day but it was under duress as I was pretty relentless….so take that for what is worth (about 1 dinar) Not really sure what this means for us, but it definatley was nice to hear information from people other than the NNP community and have it confirm many of the details we have all been hearing here for some time now…

Ok so how about come in high, drop lower over time, and give savvy investors buy points that look good for a reentry going back up, nobody knows how high it will go , but if you show them, its alot easier to believe it can get back there. and maybe even get more investors to buy back into Iraq. Just food for thought.........

Here is some interesting info regarding this show Bi Tarikh Al Ghad “Bi tarikh Al Ghad” is a weekly political talk-show prepared and presented by Ahmad Hassan and directed by Yaseen Mohamad Amin. It retraces the latest major political developments taking place in Iraq and handles events from a leading-edge angle. “Bi tarikh al ghad’ projects the consequences of newest developments on the political process and highlights their effect on the current situation. It analyzes as well the future impact of the present situation on Tomorrow’s political stands and provides insight on how Iraqis see their future. “Bi Tarikh Al Ghad” is a political talk-show aimed at uncovering the fate of Iraq. Iraq’s Central Bank set up a new strategic project in 2007 under the name of “Iraqi Currency revaluation” under the recommendation of the Supreme Economic Committee related to the Ministerial Council with the support of Iraq’s Finances Ministry. The project aims to re-denominate the national currency by removing zeros from the currency. This week’s episode of Bi Tarikh Al Ghad will tackle the following issues: Is Iraq’s economy prepared for such a change? What is the effect of removing zeros from the currency? Will removing zeros from the currency cause fluctuations in the Iraqi market? Is the project aimed to improve Iraqi payments system? What is the effect of removing zeros on bonds market? How is the process of removing zeros progressing? Will removing zeros add up to the purchase value? What are the gains of such a project? All these questions will be addressed with the following guests: Iraq’s Central Bank advisor Mazhar Mohammed, economist Basem Antoine, economist Majed Al Souri, Baghdad Investment Committee spokesman and economist Thaer Al Fili, Industrial investor Thabet Al Baldawi, Head of Iraqi Businessmen Union Ragheb Rida and a number of Citizens http://www.alsumaria.tv/en/Socio-Political-programs-iraq/139-Bi-Tarikh-Al-Ghad.html

Sunday the 17th does not count as a weekend over there. They are closed Friday, Saturday..........

Not much of a RUMOR if it doesn't pump in some way. How about this one...... I have just heard from my grandma's brother that she still has dinar...................

IMO someone has to step up and offset all of the crap that is put out on this site, if you dont like reading Eddinar being positive, my suggestion is..... don't. Its pretty easy, but I think just like you said he has been pretty consistent. I prefer that to Bi-polar. There is no reason to get discouraged in this investment whether you have been in it for 7 years or 7 days, it is an investment and life is too short to be negative. I would suggest you study the laws of attraction....... Great post Eddinar!!!!!!!! Shawn

From Another Site.......