Sparky69

http://www.state.gov/r/pa/ei/bgn/6804.htm Hey "Doc". Hope the link works beacause it clearly states Iraq has many more resources than Oil.Earlier in this thread you stated Iraq ONLY has oil.So not true.It is a long article but a very good read. Cheers, Sparky

Gotta disagree with you on this one Carrello.This is nothing short of a brilliant marketing strategy by Ali aimed at the ignorant and ill informed.I have bought a very large quantity from him as well as alot from people that have been taken by the lop articles and decided to get out.I also recieved the email from Ali and it basically states"Buy from me or I won't deal with you when it pops" and goes on to try to impress me by all the name dropping.Intimidation tactic is all it is. You are right about one thing....All Ali wants is wealth and status...just like most businessmen. WHEN this RV does occur the IQD will no longer be an "exotic currency".It will be the national currency of Iraq traded on the international market and at that point there will be plenty of outlets vying for our business.If Ali won't accept ALL my Dinar simply because I didn't purchase it all from HIM then so be it.I will probably use HSBC anyway as they are available in Canada.Not to mention they own 70.1% Of Dar Essalaam Investment Bank which has 14 branches in Iraq and is listed on the Iraqi Stock Exchange.I won't be intimidated into using Ali or anybody else who puts restrictions on what I can cash in with them. His email was arrogant and I don't believe for one minute he is concerned about me or my investment. JMO. Cheers, Sparky.

Post what you want bud.We're all big boys and girls here.JMO but this was propaganda then just the same as all the "remove the zeroes" articles we have seen since.An effort to slow the sales of the dinar outside Iraq and also to entice(scare) people to unload and get out while they can.Pure drivel is all it is.Also,the only truth to any of these articles is the fact that they will need time to remove the zeroes from circulation.Why? A lop will happen at the stroke of a pen.If a new 25 dinar note will equal the 25000 dinar note we all hold then why put a timeframe on getting the three zero notes back?Reducing the risk of counterfitting would be the only reason IMO. The truth about what is going to happen to a countries currency would not be revealed 7 months before the event was to occur. propaganda with a few outright lies and just a hint of truth.The perfect recipe for mass confusion!! Just my Cheers, Sparky

Hey Steve, If you are saying that 1 usd would be the equivalent of .86 dinars then one NEW 25 dinar note would be worth $29.07 USD(1IQD=1.17 USDx 25=29.07).If they do indeed lop 3 zeroes off of the current 25,000 dinar notes most of us are holding then that would also be worth $29.07 USD.If they revalue the current Iraqi dinar to .86=1usd without lopping then the 25,000 dinar notes we hold will be worth 29,007 USD which of course is what we are all hoping for.Will it happen?Who knows.Certainly none of us. It is my belief....and hope,that if the CBI wants to remove the three zero notes from circulation then the only way to achieve this is by a simple revaluation with a timeframe to cash in the dinar we currently hold.After the specified time anyone not wise enough to cash out at whatever rate they give will be left holding worthless dinar.After the timeframe(bounty) has elapsed(and the dinar is internationally recognized and traded) they can then allow the dinar to float upward based solely on their economy and stability as a country. JMO but It is the ONLY way I will turn mine in.After that is accomplished they will have achieved their goal of "deleting the three zero notes from circulation" and any notes that don't get turned in will become null and void.I think this is why they (CBI) are saying it could take up to a year to delete the zeroes.If it was going to be a lop it would happen at the stroke of a pen and that would be it!Done and they would be left with absolutely no investor confidence.Of course it would still be a great place to invest your money but I would be so pissed off I wouldn't even consider investing another dime in Iraq.I'm sure others would be too. I may be way off base but hey....that's what I think.Hope it helps. Cheers, Sparky

Nope.Bang on Carrello.We have been expecting an RV for sometime now even before the current IMF funding expired in July so an extension should not affect the outcome of this at all.All the extension does is show the IMF still has faith in Iraq and is working WITH them. I like your posts by the way! Cheers, Sparky

It doesn't relate at all to the "timing of an RV".That can happen anytime now(even during Ramadan but chances are slim)All it does is show that the IMF is still supporting Iraq's effort to get their act together and become an independant.democratic society.A good thing IMO. Cheers, Sparky

Look everybody.If the truth about the state of the Dinar and the Iraq's future plans for it was really known what would happen?Depending on what that "truth" was it would either cause a run on the dinar or on the flipside everyone would dump it.Neither scenario would be good for Iraq and it's people. There is a reason this is called speculation.Each of us must decide for ourselves which way this is going to go and act accordingly for our own piece of mind.Right now it seems to me that everyone is arguing based on one thing and one thing only. Propaganda Ever heard of it?It is what the US used to start AND validate the war in Iraq.It is a very valuable tool to Governments and corporations alike.It is currently being used extensively by Iraq to confuse the issue on the Dinar. I am not knocking anybody but people really need to get their heads out of the sand and try to understand what is really going on,because to date there has been absolutely NO published or spoken truth about this investment. Basically everyone is debating and arguing based on misinformation and lies.Why??? The Truth is out there but we will not know what that "truth" is until this pops one way or the other.that's why it is a speculative investment.Either believe you made the right decision about investing in the Dinar or drop the investment and move on.But why argue and cause dissention in our little community when NEITHER side knows a darn thing about how this will go for sure? Be happy with the choice you made,relax,show some patience and enjoy you summer! One way or another this ride will be over soon.JMO but I think those that stick with it will be very happy with the outcome. Cherrs, Sparky

Although the Dinar currently is not an international currency,this thread is irrelevent.If and when the RV occurs it will become an international currency.Hell it may even become a reserve currency.Every country in the world wants a piece of the Iraqi pie as it is the biggest and more than likely the last emerging economy the world has left to take advantage of.Relax and ride it out.It will happen.Later maybe than sooner ......but it will happen. Cheers, Sparky

Amen to that!!!!

Had to give you a plus for this.Well said.Don't want to reply to whole bunch so ya mind if I use yours to respond to everyone?.....thanks in advance , First,hey Kimberlye,Happy Valentines Day!!!and Carrello,Nikida,moviemaker,txsgranny,bluesky,markinsa.. and all the other ladies of DV!)Don't let some of the negativity in here get you down...I think everyone here who is arguing have all made good posts at some point or other...but some keep it classy :)some resort to name calling ...c'mon everyone....we are all on here for one reason and one reason only.Well, three actually: 1.Some invested because they are hoping that a million Dinar will become millions in USD.General concensus on an approx rate is 3.21 Million or more...which is possible but not probable right off the bat IMO.(I'm a 1.16 to 1 believer) 2.Some invested because they thought that yes,they would probably perform the dreaded lop and then RI their currency to the previous rate of 3.22-1 plus 20%possibly.(the 20% could also be applied to #1)and they would still make a substancial return 3.2-1 minimally.A 320% return is pretty damn good....but only those fortunate enough to be able to invest quite a bit would benefit in substantial profits. 3.Some people invested because they truly thought it was the right thing to do.They believe investing in the Dinar would benefit the people in Iraq and help them rebuild their country.A very admirable reason.I am sure those who believe this also are aware that a profit on their investment was also very probable. The point is there is such a thing as free speach.It's in your constitution,and ours and all everyone does is ***** and complain that we are losing that right more and more all the time,and here we are doing it on this site.This is the last place it should happen!I think everybody would agree that for a Dinar Forum,Adam has provided a platform for the best,fairest and most well grounded,well informed dinar site on the net......and that is because of each and every member here......but more than that we have all become part of one very large somewhat exclusive family!!People,we are all getting anxious.Things appear to be moving along alot quicker lately and some people are excited.....some think it will all fall apart again...and again we will have to wait unknowing when the hell it will pop :mad:and yes some here are real asses. Nerves are frayed,some people want this bad,some people NEED this bad,some...not many...are ready to wait years.......There are all different kinds of views and all different kinds of people on here....all with a right to express their opinions(as long as it is kept civil!)If you don't like what you read,give it a neg and move on,that is your right! .If you don't agree with what you read,write a respectful reply,start a discussion .If you have nothing nice to say or constructive to add.......leave!!!!! :wave:This has been a hell of a roller coaster ride for those that have been invested any length of time but I believe regardless of long or short term investment everybodies anxiety levels are starting to rise . Take a deep breath everyone.Chill out,relax and enjoy life as best you can,hopefully soon it will all change If anyone cares,I think this is how it will end.I think when I first got into this that Adam was probably pretty close to the mark with a no lop .10 RV.Now....not so much!!! I believe too much has happened in Iraq,too many achievements,improvements etc have been made.Things aren't great for the Iraqi people yet but they are getting better and will continue to do so,especially with an RV.Surveys of resources have taken place,reserves of gas,oil minerals in the areas surveyed to date have been established..and found to be very considerable as we all know......and much more surveying to do!!Investment and investment interest has been incredible by foreign companies of almost all nations....which is unprecedented.Yes I think it will be higher than .10.I think it will be 1.16 and Iraq is setting the stage for exactly that exchange rate.that is why they did a rate change on the cbi site from 1170 to 1166.They are going to remove the zeroes!!!!Two ways,bring in as many of the 25,000 notes and destroy them as they can(via auctions) before their hand is called and they have to RV......and remove the zeroes from the current rate.I'm not into the lop theory 0.00085 becomes 0.85 1166 becomes 1.16 And I think it will happen sometime before June....yes of this year!!!All this of course is just an opinion! Well that is my Sorry for the rant but had to be said.If ya like the post give it a plus,if not the neg button is right next to it.Want to comment I look forward to reading it Hope y'all have a great night eh Cheers, Sparky .

Sonny I like your posts but this statement has me a little confused.How would Iraq cover an RV of the dinar with dinar?Once the RV occurs I want to sell back 15 million dinars.....which will be of equal value to the dinar the CBI holds.... and I don't want USD either.....I want Canadian funds.....so say it is a straight up RV at a rate of 3 dinar to the dollar.I want 45 million dollars.....not 15 million dinar.The whole point of the CBI getting the dinar off the streets is so that there is less in circulation and it is worth more and also so the larger denoms can be destroyed.If they just put it back in circulation it kind of defeats the purpose.Maybe I am not thinking clearly cause I am tired but feel free to to enlighten me. Also,and this is to everyone in general,why are we so fixated on the 60 billion in reserves?Iraq also has the third largest oil reserves,first largest natural gas reserves and vast mineral deposits.....all of which can and will be used to back their currency....just thinking out loud but I would love to hear everybodies thoughts on this.....but not tonight...I'm going to bed!!!! Happy Valentines to all the cool ladies on here and by next Valentines Day I hope all of us guys can buy our girls rocks that would make the ones we can afford now look like pebbles \ Cheers, Sparky

Definition of 'Pip' The smallest price change that a given exchange rate can make. Since most major currency pairs are priced to four decimal places, the smallest change is that of the last decimal point - for most pairs this is the equivalent of 1/100 of one percent, or one basis point. For example, the smallest move the USD/CAD currency pair can make is $0.0001, or one basis point. The smallest move in a currency does not always need to be equal to one basis point, but this is generally the case with most currency pairs. Hope that helps. Cheers, Sparky

Lol.Definitely money to be made here.Im on 8 on 6 off.16 days a month for 19g's plus.Life is good whether it RV's or not! Peace back.Hope ya like the cold!!!Been a mild winter but we should still get a few more -30 to -40 weeks! Cheers, Sparky

Abbotsford Born in Powell River.Work in Alberta

Hello Nikida, The key to this whole mess is the Erbil Agreement.Without a resolution to that nothing else can happen.Iraq needs a complete,cohesive government for anything else to be agreed upon.HCL law will not be passed until they have a complete GOI to pass it.They need this done quickly to ensure investment in their vast oil resources will continue.CBI also requires the complete formation of the Government in order to financially support them.Once the Erbil Agreement is in place,everything else will happen very quickly.JMO. After it happens I understand you want to take your kids on vacation.The west coast of Canada is a beatiful place to visit.Hopefully you can take that trip this summer!! Cheers, Sparky