investor7

Franks link was not a porn site. That's how crap gets started. Someone changed the link when they took it from his site.

Yea I saw the news release as well, I like K98, but this story smells fishy

hang in there possum, I'll have a beer with ya when this is done.

zoomzoom you are not wrong. You are 100% correct. Spock is not going to get it because he wants to believe in the lop. Thanks for bringing some wisdom.

#10.00000000

#9.00000000

I'd rather see an RV at around a dollar or 1 to 1 but right now I would be happy with 2 cents! I would like to see any real movement in the exchange rate or just have it released from OFAC to appreciate on its own. Anything is better that the same old unaccepted currency at around 1170.

My research tells me that I may be homeless with a lot of Dinar by June!

the 3.87 is with their spread built in, sorry I knew you were going to say that. Try a little more research before making a quick conclusion. Go to your favorite FX sites and write down the listed exchange rates of several currencies including the KWD. then take those numbers to WF you will find they are all about the same except the KWD, it went up about .40 a few weeks ago. Other people on this site are aware of this if you go to the older posts you will find it mentioned. BTW, I have purchased many currencies for my collection as well as foreign travel and a 40 cent per Dinar spread is a no go. Sorry

"All day long I have sat in chat listening to people come in and out spouting off rumors of $3.86 .04 cheaper than KWD. first of all the rate 1.00 KWD = 3.48675 USD . amazing how easy it was to debunk with one click of the mouse." They are probably getting the $3.90 rate here: https://www.foreignexchangeservices.com/rate/rate.html?partnerid=FES Its the real deal. My Kuwaiti friend visits home several times a year and on his last visit he noticed a rather large difference in the exchange rate. He says the traders are still showing $3.49 but you cant buy it for that. If you go to an exchange location the rate will be $3.90. I don't have an explanation for this but this link is to Wells Fargo foreign exchange and I hear Bank of America's site is the same.

Dont agree.....Thank you k98knights. Please keep it up!

Try this for thought..... The Iraqi RV gives the dinar more value outside the country. They can take time raising the value in country. Importers will gain buying power when purchasing products from outside the country thus lowering prices locally. This process can take months maybe even a years. Keep in mind, though bread may cost 5000 dinar, iraqi workers make an elevated paycheck. Do you really think they work a month or two to buy 1 loaf of bread? No, they'd all be dead. They make more dinar per hour right now. If you adhere to the common thought that 1 day after RV everything gets instantly cheaper thus they need smaller denoms you would have to consider pay scale throughout the country would drop on that day also. If this were to happen at $2 plus and on an Iraqi payday such as our Friday all iraqis would get a payday bonus of 2000 fold. If I make for example $500.00 per week and this happens on Friday for me I just made equivalent of $100,000.00 for 1 week of work. Not bad! Too bad it will not go down that way. There is no country that could pull off a circus act like that, ie. raise currency value, lower prices and lower wages for an entire country overnight. (Oh, and keep it secret) If you think this could be done think about companies that import. If they have product in stock that they have paid an astronomical price for and the government tells them they have to sell it for 1/2000th what they sold it for yesterday do you really think they are going to trust the government and drop the price that much? No. It has and will be progressive. As their economy progressively balances with their new (out of country) currency value prices will drop, wages will drop and as their economy gains strength through oil sales and other exports they will benefit from a larger spread between wages and prices thus gaining purchase power within country. this duration of time is how the fills are introduced without ciaos. By the way, Kuwait was a lot different animal than what we are dealing with here. I know everyone keeps referencing Kuwait and one has nothing to do with the other. Kuwait had an RI meaning they reinstated their currency to what it was before Sadam invaded. Business was running smoothly one day and here comes Iraq. Due to war their currency was knocked off the market and dropped into the mud. Sadam rushed in Sadam dinars and declared his the new currency. We kicked Iraq out and restored Kuwait thus returning them back to their own currency and their previous value. They had a time frame for cashing in their sadam dinar for Kuwaiti dinar. It was not for exchanging large denoms for smaller denoms. The people that made money did so because they so happen to obtain Kuwaiti dinar while it was in the mud. For those that know more about this investment please correct me or add to it. I am no expert as I have only been in this investment for about a year. I am constantly amazed at the people that have been in this thing for years and are clueless. Instead of wasting my time in chat I have spent countless hours trying to learn and understand with clarity this investment that I put my money in. I studied first then invested then continued to study. I can without doubt say that this is a sound investment. i don't know when or how much but I think soon and a lot more than I paid! For the naysayers, they must have invested blindly and are now pissed because they have no foundation to stand on each time a rumor of RV falls through. For that they can only blame themselves. Peace!

For all of you saying this has nothing to do with exchange rates here's the quote straight out of the press release: "Committee decided to adjust market exchange rates for Iraq" Now the full document says they decided to adjust the conversion rate of iraq. Here the UN uses market exchange rate and conversion rate interchangeably when speaking of the same event. I think its safe to say they believe conversion rate and market exchange rate is the same thing so if Market Exchange Rate is not "exchange rate" than what is it? I'm not saying that it couldn't mean something else but I'm fairly confident they're referring to exchange rate. By the way, this is not a rumor, just news from the UN. I have provided my source!

Press Release http://www.un.org/News/Press/docs/2009/gaab3917.doc.htm You can look at the press release but if you want to understand what and how it took place go to the full document link at the bottom. Notice the meeting was in June. The Press release was in October. Proof from the UN that it is in fact going to happen! Unfortunately it does not mention a date or a rate. The UN Committee on Contributions may have been called due to the fact that only 22 member states out of 192 are current with the payments on their dues to the UN and some feel the UN's method of assessing dues is calculated unfairly. You could say the article is about assessing member state dues because it is, but some of the many factors used in the calculation of dues is market exchange rates (MER) and MER valuation index (MVI). In the Press release version you could never fully understand what took place in the meetings because this article is merely a press release with an overview from the actual meeting documents (General assembly official records, 64th session, suplement 11)(A/64/11). Link listed at bottom. In that document, (Part 4, Conversion Rates) they go into great detail about the 11 countries that were considered for revaluation and how they determined which countries would or would not recieive a conversion rate adjustment. In conclusion, they decided to adjust the conversion rate of Iraq. The other 10 countries did not qualify using their method of assessment. If you want to know the 10 other countries read the full document linked below. Read it carefully and understand the words and accronyms or you will still not fully understand it. It is easy however, to see they clearly say they decided to adjustion the conversion rate of Iraq and it says it several times. http://www.un.org/ga/search/view_doc...l=A/64/11(SUPP) <----- Use this one for full understanding.