cwtrimmer

Wrong. It is entirely up to the CBI. The government has absolutely nothing to do with it. Wrong again. Until UN Chapter 7 sanctions are lifted, it will never show up on Forex and banks will not "cash you in". The Iraqi Dinar is not allowed to be traded internationally and their currency is not internationally recongnized while Iraq is under UN Sanctions.

For the RV that everyone is looking for, they do. Even if they did pull the trigger and raise it to 1 to 1 with the USD, with the UN sanctions still in place, it would be an in-country RV only. It will still not be able to be internationally traded (so all of you that watch Forex all day are wasting time). You won't be able to go into a bank to "cash-in" and all of these dealers promising to cash you in based on the CBI rate will disappear. So, without the removal of the last of the Chapter 7 sanctions there can be no RV that any of us can cash in on. Last thing I saw said the UN Security Council isn't even due to meet again until the end of the year. So unless they call a special session that will be the soonest it could happen. If Iraq/Kuwait don't have all their issues settled, it be years.

No, they aren't. So any talk of a RV is nonsense.

So you own slaves, stone people to death, or believe in any of the many terrible things the Bible says is OK? Anyone who says they believe every single word in the Bible has never read the whole Bible. God/Jesus/Moses/Mohammed/Buddha, et al do not care about how you invest your money.

A RV will cost them so much more

THIS is common sense. 1 more seat filled then the chapter 7 over and we are there. Then it is possible we might be there. They will do it when they want to do it and when they think it is best for them. They may HAVE agreed to an RV rate but not the date. Now the Brits will get involved to push them. Pretty soon, any country that is invilved in the RV if Iraqi Dinar will be on their back to get it done The "leaders" of Iraq don't care about their own country, what makes you think they care about the British, the US, or anyone else? Iraq doesn't care. All who sayto day or tomorrow in Forex, are not realistic. Anyone who even wastes 5 seconds a day looking at Forex is not realistic. Even if the CBI RV's right now, it cannot and will not show up on there until the final UN sanctions are lifted. Many US troops are comming home to no jobs. Iraq doesn't care. With the fact of an RV, many men and women will be leaving their currant jobs to give opennings to those who dont have jobs. Iraq doesn't care and the RV is far from a fact. It's way more likely they never RV than they do. If the unem[ployment rate is published at 8% and there are 3% of americans holding Dinar, that should bring the unemplyment rate down to 5% when the Dinar RV's. Um, ok So as for green , amber, and red screens, its all baloney until the Defense Minister is seated and the chapter 7 is resolved. Correct. You can skip reading anything with the words "Bank" or "Forex" in it because it cannot possibly happen until the last of the Ch 7 sanctions are lifted.

This has been the United States' offical stance on the situation for over 30 years. It's not Obama's brand new idea.

Geesh, please quit looking at Forex people. The Iraqi Dinar cannot be traded internationally (aka on Forex) until the UN lifts the last of the sanction. Until that happens, you're wasting your time even looking at any Forex site.

As stated hundreds of times by dozens of people: The IQD is not an internationally traded currency. The IQD cannot be traded on Forex until the last of the UN sanctions are lifted. Until that happens, there is absolutely no reason to watch Forex.

As opposed to having billions (maybe trillions, depending on who you believe) of foreign held Dinar being cashed in and and having to pay out billions (or trillions) of USD, Euro, etc after a RV? Which would you do if you were them?

Yes, they can LOP it. It's their currency and they can do whatever they please. BTW, don't put alot of faith in a dealer being registered with the US Treasury. You or I could fill out the application, send in our registration fee, and be a Registered Currency Exchange by next week. There's no requirements to do it and the Treasury Department has no oversight or enforcement over anything those people do. Um, no its not. The Iraqi Dinar is not an internationally traded currency and any business Iraq does outside of Iraq is done in USD. To answer the OP's question: No, it won't be worthless. Worst case, if they drop three zeros, your 25,000 note is now a 25k note and depending on how much you paid for your Dinar you likely are right around breaking even.

60 pages is not a book. It's barely a magazine

That's incorrect. I've got all my Dinar through 5/3rd and asked that exact question when I was told it would take 3-5 days for the actual bills to come in. The second the money is taken out of your account (or you hand them the cash) the transaction is completed in their system. You own the Dinars. You're just waiting for the physical bills to be delivered to the branch. The dealers are registered with the Treasury Department but after that there is no regulation or enforcement of any kind done by the government. I can fill out the form, pay the fee, and be registered as a currency dealer tomorrow. Doing business with a dealer is no different than doing business with a contractor, car dealership, or other unregulated business. If they decide to screw you over, the government is not going to lift a finger to help you. If there is a bank anywhere near you that "sells" Dinar then it is far better than relying on some fly-by-night guy with an office in a mini-mall.

Amen. Also, just because he says he's going to do something doesn't mean he actually will. It wouldn't surprise me at all if DinarTrade, Tampa Dinar, & the other Brokers mysteriously disappear when the RV happens. They aren't regulated by anyone like banks are and they don't have to buy back or exchange a single DInar if they don't want to. As I see it, Ali is making a fortune off of his promise to exchange it at the CBI rate with only a $150 flat fee. It's not like it's unheard of for salespeople to lie in order to get your money.

There is no such thing as the Foreign Exchange Commission. More pumper nonsense. A five second Google search debunks 99% of what the pumpers say.

Or you can save yourself the time and quit watching Forex. Until the remaining UN sanctions are lifted, the Iraqi Dinar cannot be traded internationally (aka on Forex). You're watching it for something that cannot possibly happen yet.

Most banks do not take in the Iraqi Dinar because the currency is not internationally traded. It is not internationally traded because of the UN sanctions placed on Iraq when they invaded Kuwait. There hasn't been a change in that status in 20+ years. While technically we aren't at war with Iraq, it's probably what comes up on their system when they check the Iraqi Dinar because that was the last change of status. Since some of those sanctions still haven't been lifted, there's no reason for banks to update their systems. Also, it's a much easier explanation than trying to explain UN sanctions and international currency trading. Quit bugging people at U.S. banks people. They won't know anything until after a RV happens. Until then, it's a giant waste of your (and their) time for you guys to keep pestering bank employees.

The GOI has nothing to do with the RV. The CBI has complete control over any RV. If they think an RV is the best thing for Iraq, then they'll do it. They'll do it when they are ready, regardless of the GOI, the IMF, or any of our wishes. It's going to be a good long while until we see an RV, if ever. Everybody just relax and don't get conned into buying more because of this budget nonsense.

Guys, readings of the budget have nothing to do with an RV. They've had budgets the last several years and that never had anything to do with an RV either. Quit getting so worked up about insigificant events. Unless you see the UN Secuirity Council meeting and voting to lift the last few remaining sanctions against Iraq, there will be no RV. Iraq CANNOT have an internationally traded currency while under Ch 7. With the sanctions still in place, there can not and will not be an RV. Anything that happens with the GOI is irrelevant, they have nothing to do with the CBI or the RV. Please for your own sakes, quit buying into the pumps.

But what if the information he receives is only coming from the voices in his head? He doesn't have sources. All the "information" he passes along is just a bunch of nonsense he and other people with no knowledge of anything make up. His sources have been saying "Monday! Monday! Monday!" every week for the past 4 months.

Just a trivial little things like the lifting of the remaining UN sanctions. Until the Security Council meets and removes the rest of the remaining Chapter 7 sanctions a RV is extremely unlikely. With the sanctions still in place, the Iraqi Dinar cannot be traded internationally so a RV would be pretty well pointless. While the apparent progress is encouraging, there's no reason to get excited until the UN is finished doing their thing.

It's not neccessary. The people who are at the wheel of this thing (the politicians) are doing just fine for themselves right now. It would be good for their country and their people if it happens but so far I haven't seen any sign of their leaders caring about either. All the sanctions have not been lifted yet. The Iraqi dinar is still not able to be legally traded internationally.

Because alot of people ignore the chats forum because it's nothing but pumpers pumping. The pumping doesn't work if nobody is reading the pumpers

Quit watching Forex. It's a giant waste of time. Even if there is an RV, it will not show up on Forex. Until Iraq is released from the last few remaining UN Sanctions (Ch 7), their currency CANNOT be internationally traded. If it cannot be traded, it will not show up on Forex. All these Forex stories lately are the latest pumper plots.

Not to mention if you walk into a bank off the street with your Dinars the chance of them giving you cash in return is slim to none (unless you arrange for it in advance).