NWGUY

There have been so many Lopster's out there for a lot of years. Honestly, if they were going to do something like that, they would have done it by now. They wouldn't be trying to get the dinars turned in before they revalue their currency. I believe this lop business is disinformation, fake news, by Iraq trying to get people to give up on the investment. It may have worked for those that just couldn't handle the wait. I am not one of them. I will hold my dinars until the very end!

HCL is the biggest hurdle for Iraq. It has mostly been the Kurds stopping it. Most due to greed. Every time they get close to getting it done, the Kurds seem to back out. We need this done, like we need oxygen! I really think, that this is the key for the RV. Fingers crossed that they find a way!

Like Adam said over a lot of years...HCL is the key. WTO is good, but nothing is going to happen until they get the HCL done and over with. Then we should see something positive!

Pimpy The deletion of the zeros is not off the exchange rate...I've showed you in writing. Pimpy the Lopster! Makes very little sense to lop! Iraqi citizens would burn the place down, after all the years they have been holding their dinars.

Iraq...revalue your currency, pay us for our bases that are built, reimburse everyone in NATO that has an investment in Iraq, and everyone will get the heck out of there. Your country is in better shape now, than when Sadaam was in power. So, make everyone whole, and then I am sure that everyone will get out, and ISIS and HAMAS can take over. I am sure you will like it much better that way. Pay up or shut up! Make up your mind!

Sandy Ingram The interest rate in Iraq averaged 6.17% from 2004 until 2024 reaching an all time high of 20% in December of 2007 and a record low of 4% in March of 2016. 6.17% is a high rate, yet they still are having trouble getting the Iraqi people to put their money into the bank. Iraq does have a bank deposit protection program similar to the US's FDIC. [NOTE: For comparison the average US bank account offers .47%. You can find high yield savings accounts that offer around 5%] I think the reason they are not putting their money in the bank is they know it will be worth a lot more down the road. Why would they turn it in now? I think the longer they keep their current dinar, it will force the CBI into doing something positive to get them to do it...like revaluing the currency. Then I am very sure everyone, including us will give it back to them.

Thank you Ron...I think this is a very positive step. This is something that is a longtime coming. Go Iraq!!!

Thanks Luigi ... good articles...things are looking positive. Right up until Frankie got involved. I don't believe the Iraqi's are turning in their currency, when they know it will be worth more once they revalue it. The only way that would happen is if the government lied to them to get them to turn it in. I just don't believe that...JMHO....

Some of what they are saying is probably true...not all though. I do believe that they are deleting the zero's off of the rate, and issuing new currency, but this will not happen this week! Maybe the end of the first quarter, but I am not holding my breath for that. At the pace Iraq moves, sadly we will probably be waiting a little longer, so be patient! The bright side is that I think we are looking good in this investment, the downside is we are still waiting....

Wow...still stable, but has dropped the last couple of days. Maybe a good sign...we will see!

Thank you Ron...They are keeping it stable. Wish my heart rate stayed that stable. After about 10 minutes on this website reading these posts, my heart rate go crazy!

The one thing I got out of these articles is the fact that they are talking about deleting the zero's, and printing new currency. They are not just talking about deleting the 0's off the currency, they are talking both about deleting the zero's off of the rate, and then the currency. This tells me that they won't be lopping! The other thing about these articles is that they are saying they need to print new currency, but I know they had said years ago that they had ordered new currency, so I am just assuming that they have it available now. We will see I guess, but I am feeling good about the investment. I just wish they would hurry it up "soon".

Wow...I have been in this for years...Maybe I should start posting as a "Poorooo" ...

I still believe, that if they revalue, that rate will be good at any bank. Plus, what I understand is, that if we exchange with a bank, the dinars will go to the treasury, not sent back to Iraq. I could be wrong, but it makes more sense, than Iraq requiring us to go to one of their banks. At that point, we will need to find one of Frank's and Mark Z's redemption centers!

Thank you Ron...solid week of "SAME-O"

Funny Stuff!!! Sort of!!!

Sandy Ingram The problem for people in the United States is no bank in the US will do any transactions using the Iraqi dinar. Until this changes we have to find other ways to pull our profit out of Iraq. We can do this. I found one way and will discuss it in a an upcoming [post]... This is totally inaccurate. When we want to exchange our dinar, we will be able to go to whichever bank we choose. Where do these people come up with this stuff?

Thank you Ron...looks like we are still circling the airport, as Okie used to say! Although Okie used to say lots of stuff!

Definitely, great advise!

I love it when the Pooroo's talk like this...Whales, NDA's, IRS, German Bonds, windows, and topping it off with "soon"

rank26 Question: "Will the exchange rate be the same in all banks?" Yes, that is a law. This is nonsense - 'I belong to the United Nations humanitarian program...I'm going to get $5 because I belong to that.' You're stupid or what? There's no such thing as dual exchange rates for one currency. It's against the law. Good Answer Frankie...I belong to the United Nations Humanitarian Program..LMAO. Another one is I work for the government, and I am here to help you! Always loved that one too!

Jeff Article: "Observer: Ending the mission of the Untied Nations office in Iraq takes Iraq out of Chapter Seven". The UN exiting Iraq and no longer working with them automatically will lift and remove the UN Chapter VII sanctions. But keep in mind the UN will not be exiting Iraq until after Iraq has already revalued the currency. Iraq has to revalue before the UN will exit out. I personally believe that we are there for quite a while, probably even after they revalue. I believe we want to have bases in Iraq to do what needs to be done in the middle east. Iraq needs to revalue for their own sake, and their people's sake. I don't think the US will stop them from getting out of Chapter 7. In fact I am pretty sure that the US will help them out, without leaving entirely. JMHO

Frank26 When this blessing occurs, where do you go? Do you go to a bank? Do you go to an American Bank? Should you go to Iraq and use an Iraqi bank? Can I use the kiosk at an airport? Can I use a credit union? You want to use a large bank. You want to use a bank that would help you with your wealth and management. Don't go to a mom and pop place...We have a bank of interest - [Chase Bank]. Many of you thought it was going to be Wells Fargo. It's highly possible Wells Fargo will still play a part...We should consider Chase. We should consider a big state bank... While I agree that going to a big bank is probably a good idea, I think that even the smaller bank will do a good job, just might take a little longer for the verification process. All else should be the same. Go to the teller, and turn your dinar in their. They will receipt it, and send it off for verification. After it is verified, it should be deposited to your account. Shouldn't be too difficult.

Tired of Pimpy and the lop talk. If they were going to lop, they would have already done it. Why would everyone still be waiting if it is going to lop. Take our loss and move on! I am not ready to give up on this. I think we are going to be good when they finally make the revalue happen! I am patient!

MarkZ via PDK: Receipts Of Purchase Not Required. Comment: we’re hearing we must have receipts on the currency. MarkZ: I was told since it has gone on for so long….they are not needing receipts to exchange unless you have an enormous amount of currency. If you have large, obscene amounts like $100 million in dinar or something like that…it would be best if you have receipts…. I don't believe that the bank are asking for any receipts. Like all currency exchanges, if you have legitimate currency, you just hand it to the teller, and they verify it, and credit your account. Not too complicated.