Froto

The proper perspective is always helpful.

You forgot the part where you send them 40% more than the dinar is worth. I'll send you an email, if your still looking in February I'll be back then. I'll give you 1170/$ ----------------------------------------------- I got a -1 in the first minute from somebody who doesn't like the fact that dealers are ripping us off to be put out there. Hmmmm?

If it happened as you say, Iraq's International Reserves would only cover six/hundredths of one percent of their currency. They are required by law to back it 100%.

Warka is a bank in Iraq (the largest privately owned bank) which will sell you IQD at close to the 1170/1 exchange rate (not the 40% mark up your friends paid). They will also pay you 7% interest on your savings account (more on a CD). You have smart friends.

Read it again. 1.17 is the exchange rate, 1.17 dinar per dollar. That comes out to $0.86 USD per each IQD, which after a 1000:1 RD, is exactly the same value you now hold. See above. It is NOT $1.17 per dinar, it is 1.17 dinar per dollar (that comes out to $0.86 / IQD). If there is an RD, the TOTAL value does not change. The big problem is that nobody is going to give you 1 new dinar per 1000 old dinar. A lot of people paid a 40% premium to buy their dinar, and should expect to get hit with a like premium if they try to exchange them or cash out. Nope, that is false.

I could meet you in Flint, how much are you looking for?

Since the "actual rv" is pure speculation and/or hype and thus cannot be tied to any event, the answer to your question is: Just like every other thing the beloved gurus have told us the RV is tied to in the last seven years, nothing will come of it.

First to Bambino, for a little insight as to why a "lopster" might be posting here. I have posted the reasons why I don't think an RV is possible, and I hate to see people wasting their money. 'Nuff said. Donny, Your scenario of how you might make a profit off of an RD has the same flaw as how people think they will profit off of an RV. Wouldn't it make more sense for the CBI to just keep the profit for themselves instead of adjusting the rate so you profit? You are definitely on the right track by buying your dinar at a fair price and earning an excellent interest rate instead of paying some idiot a 40% markup and then putting it in a shoebox. You will most likely be one of the few who doesn't lose money on IQD. I meant to say "...why an RV is impossible."

I would guess that sonny1 will predict July 2012. He predicted July 2010 and July 2011. He seems to like July.

I just love these explanations of how we will get rich off of Iraq. As you pointed out above, no matter how long of a time frame you make it, Iraq has to eventually pony up the money (or oil, gold, whatever) for the dinar we redeem. A country's currency is its obligation. Wouldn't it make more sense for Iraq to not RV, and keep all of its international reserves and all of the profits from its natural resources to themselves and not share it with me?

I saw at the end of this drivel that you didn't write it, but your compulsion to reprint it here says a lot about you. Learn to look critically at what you read, i.e... You might want to learn what an occupying force is, the troops stationed in Iraq are not an occupying force. Who exactly are we "at war" with, and what would the consequences be if we stopped? Who is killing the Iraqis you mentioned? These questions arise from the first three sentences of her piece. The rest of it is just as dubious. But hey, thanks for posting, its interesting to see the results of the media's efforts.

This is what you are missing: 1. Right now, Iraq's currency is backed up 100% (by law) with its International Reserves. An RV to just 1 penny per dinar would result in the Reserves backing up less than 10% of its currency (obligation). RV to a dime/dinar, less than 1% reserve. $1/dinar, less than 1/10th of 1% reserve. Heck, if they adjusted the exchange rate to 1000:1 ($0.001/dinar), the reserves would drop below 90% instantly. 2. The dinar is worth what it is because of decades of extremely high inflation. Hopes, wishes, dreams and magic cannot erase that. An RD can happen, but doesn't have to, look at South Korea. There is no such rule that says a unit of currency has to be at a certain level to be internationally recognized. Fear not, people ARE making a fortune off of the IQD. Of course they are the ones selling dinar and services related to dinar. The only question left is who are they getting their money from?

International acceptance? Before you believe the gurus who told you it must be a certain rate for international acceptance, you might want to look at South Korea.

Except for the fact that Kuwait never revalued. What happened in Kuwait has no similarities whatsoever with the situation in Iraq.And nobody has ever produced any of the "articles" you mentioned.

Paying $1200 for $786 worth of dinar is a ripoff and a scam....

The first thing you have to realize is that 1 million dinar is not worth $1100 USD. You paid $1100 USD for $786 worth of dinar. Now do you see what this investment is based on? Ask me again in five years. Never mind. By that time you will have figured it out for yourself. You do realize this has never happened in the real world?

Did you mean to say "sell, sell, sell"?

There are two things in particular in the original post that tell me the author is an imposter. Your post, on the other hand, is a little more disturbing. The thought that you guys are actually tracing IP addresses is kinda funny all by itself. The fact that you don't know how the results can be skewed is even funnier. A while back sonny1 accused me in the exact fashion you just used, and he was in fact totally wrong. He even apologized in chat, but within a few months he was back at his nonfactual tactic. An internet connection here in Iraq is often through a satellite connection, and they often trace to various locations in the U.S. Mine usually shows up in Texas, but can jump around. When I'm at work, it traces to company HQ in the states. It's a cute little trick you've got there, I'm just letting you know it isn't very accurate.

The responses I got when I had the same issue. They need a signed authorization to deduct 15000 IQD from your account. Use the e-bank@ address. _____________ greetings, Please provide me authorized letter with signature allow us deducted iqd 15000 from your account as annual subscription. Best regards, iz branch _____________________ Dear Sir, Our e-banking department confirms that your online annual subscription has been renewed you can now access your account using the same login details. Should you have further questions or inquiries regarding your online account please contact the e-banking team e-bank@warka-bank-iq.com and they will provide their full cooperation and support. For any further information related to your account please take a moment to visit our website www.warka-bank.com news bulletin to view the latest notices and contact details of the related departments that will best handle your inquiries. We have several departments that will specifically handle each banking affair to your best interest by contacting them directly. Best regards, Mohammad K. Issa

What's the name of that river in Egypt?

How wrong can one man be? Everybody knows that the cassette was two sided and had a beginning and an end. It was the 8 Track that was a continuous loop. The rest of your post was spot on though.

Ask me that question again in about five years, you will be more apt by then to understand the answer.

Make up your mind. First you say no lopsters, and then you ask us specifically.

My thoughts: Kuwait didn't RV. The U.S. didn't rise out of debt and work in the black again. There is absolutely nothing to substantiate that the U.S. holds dinar.

Then why on Earth do you want to buy them?