blackrobes

Good grief, who listens to the greatest liar on the planet, one Space Cowboy.

BETTYBOOP, thank you for your sound observations and can I add one other point for your consideration. Namely there is an obsession in many quarters that Iraq must/can only deal in dinars when transacting with other countries. This is simply not true, for instance Iraq sells its oil denominated in US dollars and no doubt does the same with other raw materials or manufactured goods possibly using other currencies for brokerage. The resultant income can then be converted in part or whole to dinars. Bartering oil or other products for foreign goods and services is relatively common and in part obviates any necessity to speedily revalue the Dinar. My comments not with standing, I hope to God this damned country gets on with it so that we can do likewise. Best wishes to all members of this site for 2024.

cranman, well put and your's is the question of the ages. As yet another year draws to a close, we once more face the dilemma of unrequited wealth that countless pundits have for years forecast would be forthcoming. Iraqi politicians and bureaucrats seem endlessly able to dream up new measures that must be implemented before any significant increase can occur in the dinar's value. One real current worry for me is the violence being directed towards American diplomats and military personnel and I am of the view that Iran continually wants Iraq to remain a vassal state so keeping Iraqis poor suits the mullahs. As to how to long to hang on for, what can any of us do except grit our teeth and remain hopeful of getting sound advice from knowledgeable experts. Do you know any??

You are completely correct. The banking situation and business in general in Iraq will never be perfect or even without corruption, this is just in the nature of middle eastern people. I have never seen or heard anyone who can adequately explain to me why Iraq cannot increase the value of their currency and let the chips fall where they will. horsesoldier, the last 15 years of my life waiting for the never ending saga of the potential revaluation of the Iraqi dinar has simply put, been soul destroying. I am not by nature a pessimistic man but frankly I think my crypto currency holding will ultimately make me far more money the fairly substantial amount of dinars I bought many years ago.

This video speaks for itself, I wonder if Iraq will ever rise out of the quagmire of corruption? The biggest bank heist in history (and why you've never heard of it) The Economist 869,159 views Jul 28, 2023 In 2022 news broke that $2.5bn had been stolen in Iraq, the biggest bank heist ever. Nicolas Pelham, The Economist's Middle East correspondent, follows the money

The mouthpiece at another site claimed this week that major American banks are modifying many of their larger branches to accommodate an expected influx of American Dinar holders when the flag finally goes up. This got me thinking about how many people do actually hold Dinar currently. A bit of research dug up this article ( https://www.reuters.com/article/us-forex-investments-dinar-idUSBRE8AE1SV20121116 ) which quotes a younger Ron Scarpa and a major currency trader who suggested that at the time of writing there were 800,000 Americans who had bought Dinars from him alone. Ron had just retired from flying biplanes for Delta and had a full head of hair ( joking Ron 🙂) but I see his enthusiasm for the this currency remains undiminished even today. I live in the Great South Land where it is currently winter, our raging bush fire season is till months away, but I do wonder how many more seasons will elapse before we can go to our own banks? Began purchasing my Dinars in 2008 but never foresaw that 15 years later I would still be drumming my fingers on the desk, however the author of the article was certainly prescient when he suggested that this would be a long term project. When do the rest of you think we may be able to cash in?

Wonderful news, it is already 31/3 in my country and predictably Iraq has skated through March with no revaluation. Oh well, the great news is that now we can look forward to all the 'important' dates in April. World champions at kick the can down the road and excuse making. Of course with their absurd parliamentary system, riddled with factions and self interest, it is just about impossible to get legislation passed. Why is it that the endlessly officially tweaked budget is still just sitting there gathering dust and the HCL that has been apparently favorably agreed between leaders in Baghdad and Erbil but the parliament just can't seem to get it on the agenda. My whole dinar experience has been like traveling in a tunnel while sitting in the driver's cab of the locomotive, the tunnel exit a glimmer of light in the distance which beckons enticingly but just never seems to get any closer.

yota, I have often thought about Iraq's abundant natural gas resources and how relatively simple it would be to process the gas and use it to fire gas turbine generators. The German company Siemens is the latest manufacturer to offer their services to set Iraq up to do this. So what is the problem? It is very obviously Iran. Should Iraq gain energy independence, then Iran both loses a significant source on ongoing income and their grip on Iraqi politics is weakened. In my view, they will fight this occurring to the bitter end. The pity being that Iraq's people are living in primitive conditions for the most part and being held as unwilling pawns in Washington's seeming endless tussle with Tehran.

coorslite, I wouldn't expect too much from Iraqi politicians etc., as the country is effectively controlled by Iran and why would they allow a Dinar revaluation which robs them of cheap US dollars?

Iran is a major problem but only one of a number that beset Iraq. Corruption is everywhere ( I have this on good authority from Iraqi owners of a currency trading firm in my country.) The major pastime of some politicians, public servants and military personnel in Iraq is the age old game of kicking the can down the road. Countless drop dead dates from pundits like Frank26 and others have continuously come and gone. And of course they are yet again training bank staff and the public to recognize lower denomination notes and coins. The people of Iraq are the most heavily educated citizens on monetary matters on planet Earth while having nothing meaningful to show for it.

Dear fellow dinar holders, This is a link to the recent resignation letter of Ali Allawi, the former Finance Minister. His comments are self explanatory and confirm the opinion of my Dinar broker in Australia who just this week told me that his family connections in Iraq believe the country is in a ruinous state and not likely to get better soon. After reading the article, what are your thoughts? Ali Allawi's Stinging Resignation Letter - The Atlantic

The author of this video is a geopolitical scholar and he paints a sobering picture of the current day issues and circumstances that confront Iraq's politicians and people. His approach is even handed and also covers the actions of Iraqi officials who are working to overcome the constraints currently faced. I am a Dinar holder and in my opinion the video's contents DO NOT spell doom for any potential increase in the value of the currency. It is simply posted for your interest and therefore I hope moderators will leave it in place

Chef, I was a paid member of this site many years ago but realised after some considerable time had elapsed, that there was no significant economic reason to continue my membership. My comment is not a negative comment on 'Adam' but simply a realistic assessment that I made at the time. Since then, I have not paid any further monies to any internet identity commenting on the dinar because in my experience they have proven to know little more that I can garner from my own research. What however, has caused me significant angst are the rent seekers like Space Cowboy who year in and out, proclaim to have 'special inside knowledge' from others such as walkingstick, people in Iraq and lately, a fellow named Neil who is also known as 'Eddie' and therefore Frank endlessly proclaims that dates and events within a month (generally, month upon month), are significant markers that serve to highlight an imminent improvement in the value of the Iraqi dinar against the American dollar. Not surprisingly, this never occurs. I have mostly given up visiting the site of and/or listening to any internet dinar commentators as we will all know in short order, when the dinar is actually worth an exchange value of interest to us. However, I will end on this positive note, Iraq's currency is hopelessly undervalued and at some point, it will be worth 30 or more US cents in the dollar. Thereafter, it is reasonable to assume that a free floating dinar will add to this opening value.

NW, I am a fierce critic of that lying toad Frank but taking what he has recently claimed at face value, I have been scanning Iraqi media sites for the avalanche of educational material that Frank and talkingprick insist is currently being shown. It will not surprise you to know that so far, I haven't glimpsed a thing. Frank seems to spend his days in SMS communication with an Iraqi called 'Eddy' and the two backward and forwards for hours discussing these non existent advertisements. Why would Iraqi bank officials or indeed anyone else in authority in Iraq run such long campaigns to simply educate the citizens on the shape and colour of a few lower category notes and some coins? The short answer is they are not, Iraqi citizens are not stupid and would quickly self learn the value of new notes and coins if ever a currency appreciation occurs. I just sincerely hope that one day the merry-go-round will stop and like the rest of you, I can just get on with what remains of my life but in the interim another Dinar year slides by. Happy Thanksgiving to you all.

NWGUY, You are completely correct, Frank's fanciful stories hook many of us in. I simply tune in to his tiresome YouTube rants because somewhere in the morass of lies there is occasionally a kernel of truth. However, I have searched high and low on-line to verify his televised education claims but so far, without success. The other annoying statement that he and some of his orks berate us with is that we are not supposed to seek a 'date or a rate'. For God's sake, anyone who has held this currency for more than a few years would have to be brain dead not to want this information, cash out and then for this grueling ride to end.

eosirl, Thank you for your balanced, dare I say nuanced response to my posting above. I wish I could PM you as I have sensitive, personal information of which some parts I could share with you but as it relates to my circumstances I am not prepared to publicly post it. However in reference to your second last paragraph in which you state that bank employees do not (or perhaps are not allowed to), comment when a member of the public presents a foreign currency with a view to selling it; a few years ago I established a casual, business relationship with a trader at one prominent bank's currency trading desk. We stay in touch occasionally and he has always been up front with me. In short, I believe he is genuinely interested in negotiating with me if and when the Dinar becomes internationally tradable. I acknowledge that this fits the mould of a 'bank story' so anyone reading these comments is free to either believe or disbelieve me. (insert silly smiling emoticon) Secondly, a couple of years ago I used to volunteer at a major private hospital in my home city and shuttle patients and visitors around the campus via. a golf buggy. On one occasion, my sole passenger and I began a friendly banter and in it he disclosed that he was senior figure in off-shore and international banking. I took my chance and asked for his views on the Iraqi Dinar. He seemed naturally interested and in our short discourse said 'hang on to your holding as it will see you right one day soon.' I interpreted his remarks as a personal affirmation that I was on the right course in buying and holding Dinars. (see my disclaimer above re. believability) The above said I do go through ups and downs occasionally and question whether Iraq will ever get itself sorted out. The country is riven with corruption at all levels and divided by tribal and religious schisms. Further, just because Kuwait's currency is highly valued there is no reason to arbitrarily assume that Iraq will ever arrive at a similar currency value compared to the American dollar. In conclusion, I would dearly love to subscribe to a knowledgeable expert who from time to time could pierce the veil of Iraqi politics and society to offer insight on the countries progress particularly as it relates to real growth in value of its currency.

Hi eosirl, A couple of facts that may interest you. Talkingprick (tp) now lives in the US where he has been for several years. He allegedly has a form of advanced cancer and Frank appeals to his membership at his forum from time to time to support tp with cash donations to assist with his medical costs. Frank both fascinates and frustrates me as he is the perfect definition of a narcissist and consequently, lies with such fluidity that you can never be sure when he is telling the truth. I'll give a couple of quick example to illustrate this. In late 2019, tp claimed through Frank, that all contracts with foreign companies going forward would be secretly denominated in US dollars because these companies would never accept large quantities of Dinars as payment and in any event, the currency was not as yet recognised internationally. This intrigued me so I contacted the manager of a Dinar trading firm in my country (an Iraqi national) and explained what had been claimed by Frank. I finally persuaded this guy to contact a paternal uncle in Iraq who then occupied a middle management position at a prominent Iraqi bank. It was relayed back to me that said uncle completely rejected Frank's claim and stated that no such arrangement existed. I queried with my contact that perhaps his uncle had been sworn to secrecy but I was assured that immediate members in Iraqi families do not lie to each other as it is considered extremely disrespectful. So I was left with the only conclusion that Frank had simply made this claim up. There are countless other cases where Frank makes what appear to be fanciful statements but just recently he has featured several phone conversations with fellow country men and women who tell elaborate stories of going to X or Y American bank (Wells Fargo is a favorite), where they, after advising they have a cache of Dinars, are then warmly embraced by a senior staff member, given preferential treatment and asked to stay in regular contact. I live in a modern first world country in the Southern Hemisphere and immediately sought to test these claims in my country. I initially conversed with an employee at the Foreign Currency Trading desk of both HSBC and CitiBank as these are large international banks who also have a presence in the USA. Each employee patiently explained to me that the Dinar is considered an exotic currency, is not tradable outside of Iraq and their banks have no current interest in acquiring my Dinars. Then I similarly approached personnel at the three largest banks in my country. These banks are considered internationally as mid sized banks and have branches in a number of other countries. The outcome of all my inquiries with these banks was exactly the same as my experience with HSBC and Citibank. I could go on, but what is the point. Frank is the consummate story teller and I sometimes doubt that even he knows when he is telling the truth.

King Bean, I have heard Frank tell his audience on a number of occasions that WS is an employee of the company in Iraq. Frank always troubles me as he has a very smooth patter and much like any good salesman he can make a convincing story up out of shreds of facts. Who can forget the call last year when he introduced the supposed war hero Ghost. This man claimed all sorts of heroic deeds while in Iraq including being present at the capture of Saddam Hussein however as the call went on his ever enlarging tales made me suspicious of his integrity. Following Ghost's boastful predictions, nothing positive occurred in the following weeks and Frank has never referred to him since! I want to believe Frank but he never really offers anything tangible that any of us can test or investigate personally.

I listened to the broadcast and read the transcript and frankly don't believe a word of anything Ghost said. I have reasoned a number of logical conclusions as to why many of his statements were palpably wrong but don't want to waste keystrokes elaborating on what most of you have also already deduced. In any event, it would be very easy to verify his statement that military personnel leaving Iraq are getting up to $1.80 per. Dinar exchanged by simply locating and asking one or more of said soldiers and airmen if in fact, that was their experience?

Dinar Thug, I read the details of the Australian outlets for AL-Taif elsewhere and being in Australia, decided to give them a call to sound them out. I rang both the Melbourne and Sydney branches and spoke to a female employee in Melbourne and a guy in Sydney. The woman claimed that the currency would not improve in value anytime soon, suggested that my 2003 notes were out of date??? and advised that because of the vast corruption and security issues in Iraq, I should immediately sell my notes for cash on eBay??? The fellow in Sydney was similarly dismissive of Iraq's prospects and said that he had had many conversations with Dinar holders and while he enjoyed(?) talking to holders, he suggested to each person, that their currency holdings would be valueless for a very long time. Neither employee would entertain the possibility that the currency will suddenly revalue in the near future. For what its worth, I have a long background in the security industry and generally, a good nose for when someone is lying to me, so I can only tell you all that both employees sounded sincere and honest...time will tell! Also, there is no mention on the company's official Australian web-site regarding any role as an official representative of the Iraqi government. p.s. I've been around this currency for many years, so dear reader don't assume my limited number of posts at this site suggests a lack of knowledge or interest the future potential for this currency.

This article says it all, rampant corruption, poor security for investors and Iraqi officials channeling foreign funds to their pet domestic projects. I sometimes despair that this country will ever lift itself out of its sectarian politics and policies. I simply cannot see a revaluation coming anytime soon regardless of the HCL law or anything else! Al-Abbadi returned disappointed with Davos after hearing harsh words The newspaper said today that Abadi faces a great challenge in persuading foreign donors and investors to work in Iraq in light of the spread of corruption and lack of political and economic guarantees. Abadi seeks to provide international funding in two directions, the first in the form of grants and international grants, and is directed towards the reconstruction of basic infrastructure in the liberated areas, and the second in the form of investment opportunities, to create residential, commercial and recreational projects. The newspaper said that ‘leaks from the hall of the Davos conference, held in Switzerland recently, indicated that Abadi’ heard harsh words, from donors and investors presumed, when he offered them assistance to Iraq ‘. She added that donors are afraid to waste their money in the reconstruction and investment assumed, in a country competing at the top of the list of failed states, because of the spread of corruption. State institutions suffer from a severe bureaucracy, and administrative transactions can only be accomplished by paying bribes to corrupt officials who control the decision. Many of the special grade employees in the Iraqi government belong to political parties, with whom they share the commissions they provide. Despite many legislative reforms introduced by Iraq on investment laws, the legal environment appears hostile to foreign investment, observers say. They say that many legal contracts are still being put in the way of foreign investors contemplating coming to Iraq, with the aim of forcing them to pay commissions to facilitate their contracts. Sometimes commissions are about half of the expected profits. According to the newspaper. “It has become widely known that Baghdad’s reputation does not encourage investors to venture with their money in a country that is still classified as the most dangerous country in the world. And there are those who firmly believe that the donations will not go for the reconstruction of cities destroyed by the war on the Dahesh, in light of the dominance of armed parties and organizations on the street and a large part of the joints of the state. She explained that in the absence of confidence in the Iraqi government, the figures put forward by that government seems a kind of imagination that will not strengthen the global investment market to turn it into reality. The convening of the donor conference in Kuwait may seem a bad message to some Kuwaitis who still insist on not canceling the remaining compensation. Which will be an additional obstacle to dealing with investors and donors with Iraqi demands. Economic and financial experts do not expect the conference to produce miraculous results and miracles in light of the inability of the Iraqi government to provide realistic guarantees to those seeking to help Iraq, making hopes on the conference closer to dreams. Abadi is betting on persuading the international community to provide a fair portion of the funds Iraq needs. But first he needs to gain his trust. International donors are expected to meet on February 12-14 in Kuwait to discuss opportunities to help Iraq. Baghdad is counting on this conference to launch a massive reconstruction campaign in the country, drawing on a series of pledges and actions it will take to convince donors to provide their money. Ebadi’s Baghdad office seems confident of its ability to convince donors at the Kuwait conference, but diplomatic sources say the Iraqi government does not have enough arguments to gain the confidence of foreign capitalists. In devastated provinces such as Nineveh and Anbar, the work of foreign companies appears to be a source of political competition amid the chaos that prevailed there after the liberation. The newspaper reported. Mosul, Nineveh, and Ramadi, the center of Anbar, have suffered extensive damage to the infrastructure and homes of residents, turning into two large fronts during the war against an oppressive organization. Political unrest prevails, and their administration is competing for power, most of whom are accused of corruption. Diplomats say donors and investors may choose to channel limited funding to specific projects in Iraq to test the possibility of success. Anbar province appears to be a candidate for this experiment. Anbar is bordered by three countries – Syria, Jordan and Saudi Arabia – which makes it easy for companies to access. The Iraqi government believes that the international community will help it provide a normal living environment, prevent the emergence of violent extremism linked to authoritarian policies involving previous governments and characterized by poor distribution of wealth. Iraq has suffered a large deficit in its financial budget, forcing the country to undergo austerity measures during the past three years, which also witnessed the control of an organization on a large part of its territory. Iraq was unable to recover its territory, except by spending billions of dollars on military operations, which subsequently destroyed entire cities. Iraq was forced to seek international loans, constrained government spending on difficult terms, and raised fuel prices, which the state subsidizes production. According to Iraqi estimates, the country needs about $ 100 billion to fund large-scale reconstruction, in areas that have been restored from a hasty organization. dijlah.tv http://iraqidinarchat.net/?p=51719

The attached URL relates to reporting of UN concerns that Iraq is on the verge of all out civil war. The immediate consequences for revaluation of our investment in the Dinar maybe dire if the major parties cannot be brought to the peace table. http://www.abc.net.au/news/2013-07-05/iraq-bloodshed-surge/4796218

CONVERT CURRENCIES Convert this amount: From: To: Results: 1.00000 US Dollar = 2.08668 Vietnamese Dong 2.08668 Vietnamese Dong per US Dollar Based on daily rates for the US dollar Page generated 1/15/2013 12:36 AM ET and here is the link: http://investing.money.msn.com/investments/currency-exchange-rates/?symbol=/BRLUS

Ghostdawg, Go and have another look, you are both correct. Mini is referring to the top of the page.

Jim, I don't really care about the ramifications flowing from most of your statement as they relate solely to American issues but I cannot let: • Most scientists do not agree that climate change is occurring. (Scientists are at near consensus that it is.) pass. It absolute drivel to claim that 'most' scientists believe in climate change! Two problems my friend, IS the climate changing(??) and if so, WHAT is causing the change. There is unlikely to be one cause but multiple contributing factors. The whole climate change debate has been hijacked by those scientists with a vested monetary interest (fat salaries and grants) and dullards who believe the outpourings from a vile media with its own agenda/s. And I absolutely agree that this article does not belong on the Dinar Vets site. Regards,