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Posts posted by Fairways&Greens

  1. 1 hour ago, GreedyDinar07 said:

    I would rather see the exchange rate be lowered to 1600 because that is how they are removing the large denominations from the people and hopefully they will RV sometime after. If they change it back to 1190 or 1200, that will undo everything they have accomplished

    I agree. They are not going to change the rate back to last year levels. They must stay the course and see this through. Then they can open up the way for an RV/RI. These politicians are just angry their corruption has been taken away from them via the auctions. 

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  2. 3 hours ago, rvmydinar said:

    If we don't have to pay for the fees, then it is a good thing if this is really true. so we pay for taxes and spread only right. Or do you think we don't need to pay for taxes, too? Because paying taxes costs a fortune.

    Taxes will be there one way or another; but Iraqi Dinar is not my job, so it is not regular income. It would be capital gains tax on investment if I understand correctly. I’ve got enough Dinar that if taxes are high, I’ll still come out happy. 

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  3. 2 hours ago, Longtimelurker said:

    There is typically a spread. Buy/sell. If the rate is $1.00 they might only pay .98 cents. No fees

    I believe you are correct. Makes sense, but it’s not something I think about, unless the rate is $1.00 and they only pay .95 or .90, then I’m gonna start barking. Lol. Bankers are greedy. I’ll do my due diligence before running to the bank. 

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  4. I was just at my bank 10 minutes ago (Wells Fargo). Asked if there are any fees to exchange foreign currency. Answer is no. Rates fluctuate every day, but they don’t charge 1% or 2%. It’s a basic transaction like purchasing a cashier’s check. No fees. I don’t understand all this fear about the bank “getting their piece of the pie” nonsense. 

  5. 4 hours ago, shootn4cash said:

    So our taxes are less and only withdraw/transfer what we need each yr?    With the amount we are holding, we were thinking of just taking the tax hit once and be done.   I think it is 35%???

    I understand return on investment to be capital gains, not income. I sure hope capital gains is not 35%!

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  6. 4 hours ago, DoD said:

    No way, this is the rumors section remember. Nothing but BS in here besides I think Tiger Woods is playing golf in Florida this week no way he's in California. 

    Tiger Woods was the host for the Genesis Invitational at Riviera (Pacific Palisades) last week. He was on his way to shooting a media event at another LA Country Club with Dwayne Wade and David Spade this morning, so...definitely in CA. This is not a rumor. Just turn on your TV or social media. It’s everywhere. 

  7. 33 minutes ago, ronscarpa said:


    *** MilitiaMan *** The can kicking of the 2021 Budget is by design.. imo.. It appears they have had to massage the timing to fit in line with many things and the hurry up and wait from parliament looks to be to me that they were in a hurry, yet, now they have to sit tight for the moment with having completed all but the best for last... imo..

    I’ve been thinking this same thing since they stated the budget must be approved/voted on within 2 weeks. 

    It feels like Iraq is done with the budget, but  they are saying they still have a few outstanding items before complete so they can stall or stay in a holding pattern while they receive direction from the alphabet soup financial institutions. Timing of an RV is not solely up to the CBI. The CBI must follow cues and pull the trigger at the right time. GO RVVVV!!!!

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  8. 3 hours ago, Carrello said:


    And many IQD holders need to rethink the notion Iraq is concerned about us as IQD investors, putting out false info in articles to confuse us, CBI doesn't want to exchange our IQD even though we would have to go to Iraq to do it (we exchange in the USA and eventually the IQD lands in the US Treasury as a foreign asset) blah blah. We Americans are not the center of the Iraqi universe and this investment is actually about Iraq, not us.


    If as much time was spent researching and analyzing the IMF and World Bank requirements, and news articles (because you don't know who wrote them...Shite...Sunni?) as complaining, complaining, complaining, there may be much to be learned. Has the complaining done anything but become old, tired rhetoric?  Talk about Iraq's "delays" being old? The complaining is just as bad. 


    Sorry, Ziggy. I am not trying to pull you into a conversation about this. Just venting this morning.


    Ziggy, You aren't an artist, are you? 

    Carrello the first paragraph is spot on. You sir win the DV perspective of the day! Iraq doesn’t care one iota about Dinar investors hopes and dreams. We don’t have to care about Iraq’s progress as a nation to invest, but we can’t get our panties in a wad when Iraq takes their sweet time on this. It’s not about us over there!

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  9. U.S. has played a big role in supporting a stable Iraq and infrastructure and that is about the extent of our involvement in it.  When it comes to their currency, it is up to their central bank and government to implement reforms that will lead to an RV/RI. Even then, the IMF and other world financial organizations play a role in what Iraq can and cannot do—and we’ve heard a lot of good chatter recently about that. I think we are very close to a big change. 

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  10. Most of the world is unaware of the Iraqi Dinar as an investment and know nothing of a possible reinstatement or RV—they think it a hoax. We who follow it and look forward to it happening will benefit. If I told my friends about it, they would not believe and would not purchase any (I’ve tried). I don’t think Iraq talking about changing the rate will bring many more into the Dinar world. I am amazed they are so open about changing the rate right now. It might make some of us buy more, but won’t change the volume purchased in a significant way.

    ACTUALLY changing the rate will get the attention of the world, but then it will be too late.  

    I’ve been in this for 13 years. We are in a great position right now. Better than ever.

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