Lisa

Yes it is on Frank's site...you have to go through the various pages of yesterdays post.

I will, I promise! I meant that I was losing patience with the bashers. Thank you very much for the reminder in faith, though; I truly appreciate it!

Maybe we are all insane for even taking this ride, lol. My patience has run out.

I have had it with you people (those of you who bash and have absolutely nothing of value to offer), so shut your gaping bash-holes!! How dare you make personal attacks against anyone who tries to make sense of this insane investment, especially Frank! He has spent countless hours researching and trying to convey his thoughts/intel regarding this process, all-the-while trying to keep us grounded at the same time. He is NOT an idiot. There are others who offer up their informative work as well, of whom I appreciate. In a nutshell, shut up.

No, not necessarily. The article does not definitively state that Maliki is the new PM/re-elected PM.

Youre very welcome! :-). Yeah, it sure was long but interesting nonetheless.

Hi, Thought some of you might be interested in this; here is the link to the video: http://www.cspan.org/Watch/Media/2010/10/09/HP/A/39207/International+Monetary+Fund+and+World+Bank+News+Conference.aspx

You're welcome!!! No worries, I got your back. below is the article: SLC ready to bow to al-Iraqiya says leader Sunday, October 10th 2010 8:16 AM Erbil, Oct. 10 (AKnews)- The outgoing Prime Minister's State of Law Coalition (SLC) is ready to compromise for al-Iraqiya's terms so that the latter will not boycott the new Iraqi government, said a leader from al-Iraqiya bloc. Al-Iraqiya secured the first position in the March parliamentary elections with 91 seats, the SLC came narrowly second with 89. The two blocs are contending to obtain the prime ministerial post, a rivalry which has delayed the constitution of the new government for seven months. Speaking to AKnews on Saturday, Osama Nujaifi, from al-Iraqiya which is led by the former PM Ayad Allawi quoted the U.S. Under Secretary for Political Affairs, William Burns as saying Maliki is ready to compromise for Allawi's bloc. He noted that the U.S. administration is concerned about the prospect of al-Iraqiya's boycott. "They have underlined any government without al-Iraqiya is weak and abortive," he added. The majority in the National Coalition, a super Shia bloc comprising 159 deputies from the SLC and the Iraqi National Alliance (INA) voted on Oct. 1 to Maliki as their PM candidate. Yet, some 27 members of the Coalition opposed the decision. Al-Iraqiya also has repeatedly reiterated it rejects the government if it is to be governed by Maliki. A recent ruling of the article 76 of the Iraqi Constitution supports the NC as the "largest bloc" not al-Iraqiya and thus gives the right to form the cabinet to the NC. Reported by Wisam Jaf Lh/AKnews http://www.aknews.com/en/aknews/4/187245/?AKmobile=true

Here's the link: http://www.aknews.com/en/aknews/4/187245/?AKmobile=true

You say it's an old article, which may very well be true, but you didn't post a link to support your statement, either. I suppose it could be said that you are trying to deceive? Get my point hotshot?

Chase Bank will do it, when it's time.

Jooced: interesting that it's not on the site you provided. Personally, I definitely think something is going on.

I just went to the site via the link provided and the USD/IQD is there at the top.

Welcome!

Welcome!

I just called xe.com at +1 (416) 214-5606 Ontario, Canada, and I asked what it means when an exotic currency is moved to the world currency list. I was told that it doesn't have anything to do with it's international status, it just means that 1) currencies on the exotic list are not traded that much and 2) currencies on the world list are more frequently traded.

I just called xe.com at +1 (416) 214-5606 Ontario, Canada, and I asked what it means when an exotic currency is moved to the world currency list. I was told that it doesn't have anything to do with it's international status, it just means that 1) currencies on the exotic list are not traded that much and 2) currencies on the world list are more frequently traded.

[size="5"]I wasn't sure where to post this. The following information is from Dinarbanker.com; I found it to be pretty informative regarding the lower denoms, etc. If this has already been posted, or if it's "old news" I apologize. Iraqi Dinar Redenomination and Exchangeability There have been a tremendous number of inquiries about the recent news that Iraq will be increasing the value of their currency and, at the same time, introduce new denominations into the Iraqi economy sometime in 2010 (currently planned). Specifically, it has been reported that the Iraq Finance Minister issued a statement saying they have prepared a plan to increase the value of the Dinar against the dollar and will introduce 25, 10, 5, 1, 1/2, ¼, and smaller (possibly 1/10 or 1/20) Dinar banknotes and/or coins. He said that successful fiscal policies pursued in Iraq have contributed to increasing the value of the Iraqi Dinar against the dollar, noting that the U.S. Dollar dropped significantly in value during the current year. Of note, he also said in a press statement that the bank has been following with great interest the phenomenon of low demand for the U.S. Dollar in the local Iraqi currency exchange markets. Mudhhir Muhammad Salih, a member of a Central Bank advisory panel, said by the end of 2010, new banknotes will be fully introduced while the current banknotes will be gradually removed from circulation. He did not specify when the new banknotes would be issued. Both (current and new) denominations will be legal tender in Iraq until the current banknotes are completely withdrawn over a period of time. Economic analyst Hilal al-Tahhan was quoted as saying, “The bank's move is overdue.” He said he expects the currency change to go smoothly because of the decision to allow both the current and new banknotes to coexist during an extended exchange period, leading to less turbulence in the economy. What does all this mean? Overall, this news appears to be very positive and possibly points to some significant changes in the value of the Iraqi Dinar. It has long been the opinion of many Iraqi Dinar investors that the Iraqi Government must introduce new lower denominations into their economy before the value of their currency increases. If the value (buying power) of the dinar increases significantly or rapidly, the larger denominations currently in circulation would be impractical for use during everyday transactions in the Iraqi economy. If the Iraqi Dinar increased in value to 10 cents (.1 USD), the smallest banknote in Iraqi would have a value of $5 USD. There would no practical way to purchase everyday items in the economy and no way to make change---the currency would be impractical and unusable. If a soda in Iraq has a value of 50 cents now, it will still have a value of 50 cents if the value of the Dinar increases, and there has to be a denomination in the Iraq economy to pay for it. The current problem is that Iraq doesn’t have any currency in circulation to pay for normal day-to-day products if the Dinar rises significantly in value, so Iraq must have smaller denominations moving forward. Also from the recent news, it appears as though all denominations (current and soon to be issued) will be in circulation at the same time and no immediate exchange will be necessary. Hopefully, the Iraqi Dinar will be on the world exchange market soon to allow for even easier exchange in the near future. Expectations are that Iraq is moving as fast as they can to rebuild their economy and wealth, and join the international economic community. There have also been rumors about the future exchangeable value of some current Iraqi banknote denominations, and limited time periods for exchange of current Iraqi banknotes. It has been falsely rumored that perhaps the 25,000 Dinar banknote will be exchanged at a different exchange rate than current smaller Iraqi banknotes. Another false rumor suggests there will be a very short period (days or weeks) of exchange for the current Iraqi banknotes after a significant change of value and introduction of lower denominations. To address these rumors, let’s look at currency from a basic level: Countries issue their own currency. They issue their currency with a responsibility to honor it and redeem it. The currency must be accounted for. When a country issues currency (the US as an example), they borrow against the currency and issue debt to support it. The U.S. recently printed a significant amount of currency in order to finance stimulus funding. In order to do this, the U.S. government had to borrow the money with an obligation to pay it back. One of the main functions of the U.S. Treasury Department is to manage the U.S. national debt (the amount of money which the federal government owes to its creditors). China owns much of our debt as do U.S. citizens and other countries---we must honor our issued currency and our debt. If a country doesn’t honor its debt, creditors (other countries and investors) lose faith in the defaulting country and a country will end up in financial ruins. Iraq, as a responsible member of the world economic community with a goal of getting their currency online with the rest of the world currencies, has issued currency with an obligation to honor it----all of it---not just certain denominations. Throughout modern history, there has not been one instance where a country honored some denominations, but not others. If certain denominations were not valued, people and other countries would lose faith in that country's responsibility to respect their debt and honor their issued currency. If a nation only valued certain denominations, who would trade with them, exchange with them, or conduct business with them? To limit the time period for currency exchange in order to force the de-valuation of currency in circulation in order to reduce debt doesn't happen and wouldn't be tolerated by the world financial community. Countries have to be accountable for all of their currency and they can't play games with exchange timelines to try and prevent people for exchanging. Remember, in addition to individual investors, large governments and banks outside of Iraq hold Iraqi currency. Money from all over the world has flowed into Iraq through the purchase of Iraqi Dinar. The Iraqi Government will honor that investment in their economy, or there will never be faith in their economy and they will never be accepted by the world financial community. DinarBanker.com owns a tremendous amount of Iraqi Dinar---we buy (any denominations) and sell our Dinar. We see the introduction of the new lower denominations as a very positive sign. Furthermore, we expect to continue to trade the Iraqi Dinar no matter what happens to the value of it in the future. With our extremely large capitalization, we are prepared for any value changes in the Iraqi Dinar and do not expect any exchange restrictions in the future or short time limits for exchange.[/size]

I don't think you would have to make a purchase with them to get the email. If you ever gave them your email then it makes sense that you received it.

Drez: yes. They do have cash in information on their website but they have never sent me a random email like this before.

I just got the same email. Hmmmm.

Phoenix responded as follows: From Phoenix - "This is GREAT news! This is what we have been waiting for. This new currency is the lower denoms with the Kurdish writing on one side in one section. These will be issued and the older higher denoms that we all hold will be retired and brought in during a time period to be announced. There will NOT be 2 seperate exchange rates. Fantastic news people. Phoenix

Try this one: http://download.premiereinteractive.com/seanhannity/2010/09/Sean%20Hannity%20-%20Sep%2002%202010%20-%20Hour%203.mp3

I emailed NetDania about this and they said it's related to a new software release.

Thank you Gregg450. For any of the other people who love to bash, ignore the post if you don't like it; you don't have to make a personal attack on those who are trying to share information. I stated in my original post that it was from July 19th, but it seemed to have a different spin than the other articles floating around. I found it to be interesting and thought I would share it. And while I obtained the information from dinarbankers site, they got it from a news source. Stop shooting the messenger. Thank you.