KentuckyMudd

I did notice the math on it, but was looking for any other General Letter that explained why the export amount would be 100,000 ID. So far I've come up short. So we'll go with .10 future exchange rate!

http://www.sul-airport.com/allowance.php I found this from Sulaymaniyah International airport. I Can only assume it's accurate. looks like the customs goes by General Letter numbers. In particular general letter no. 5160. In the future we can keep an eye on any Amendments to this or a replacement. >Currency not exceeding ($10000 US). > Iraqi currency not exceeding (100000 ID). This is the confusing part. Any thoughts on why these two wouldn't be equal according to exchange rate?

I looked at the visahq link and under contact info for Iraq. It has a website reference but it's for Iran. The link doesn't work but it makes me wonder if that policy is concerning transporting money across the Iraq/Iran border to combat counterfeiting, and that 25 is referring to 25k and 5 is referring 5k dinar. I don't not have proof of this its just a hunch but I couldn't find any information from mof.gov.iq or customs.mof.gov.iq. Best case scenario. They mean 25 and 5 dinars and we'll all be extremely wealthy soon. Lol

The 1 mil has been sold. Not sure how to delete thread. Thank you

I have one million for sale in cincinnati northern kentucky area. I would rather meet in person for sale. $850. 25k notes from 5/3rd

haha I just spit out my drink water reading that!

I'm a little behind on these huge numbers for the budget if some doesn't mind explaining it to me. Oil income at 4.65 Million BPD at $90 doesn't seem even come close to what there talking about. I'm assuming they take in account reserves as well but 188 trillion? Thanks for the explanation in advance (if there is one)

Some encouraging oil news if this hasn't already posted. http://www.eia.gov/countries/country-data.cfm?fips=IZ

Oh Taji... You haven't made any progress since I left lol

I guess I have to wonder how many Kuwaiti dinars were they holding to for ten years. My guess is not that much. Kuwait and Iraq are not the same. Agreed that the two are completely different but what I like most about them is that they have one thing in common. OIL! I was fortunate enough to hear about the wealth Kuwait had from some locals and some contractors in Kuwait city. It's mind blowing! (If your lucky enough to be a citizen and not just a third country national) they talked about the payments and gov't gifts for marriage of citizens. If Iraq could just get a handle on the resources they have and spread wealth fairly among it's people (I know hard to imagine at this point) they could be in great shape.

Looks like a middle eastern Eric Holder

and further recognizing the importance of Iraq achieving international standing equal to that which it held prior to the adoption of resolution 661 (1990), I really like that part.

I agree with you completely. It doesn't make sense so ill go in myself so I can hear it.

A friend of mine and I were talking about iraqs release from chpt 7 at work yesterday. After spending about a half hour on the subject he made up his mind he was going in to 5/3 today to buy more. He texted me around 330 est. this afternoon and said they told him "They are no longer selling/trading. Only currency they do not have access to. Government seized all currency from them yesterday" I did not personally call to confirm this story yet. I don't want this to be a bank story but would rather like to hear if anyone else has heard this from their bank. If anyone would like any additional information please ask and ill find out for you

Today's Currency Auction: NUMBER OF BANKS 10 AUCTION PRICE SELLING DINAR / US$ 1166 AUCTION PRICE BUYING DINAR / US$ ------ AMOUNT SOLD AT AUCTION PRICE (US$) 37,660,000 AMOUNT PURCHASED AT AUCTION PRICE (US$) ------ TOTAL OFFERS FOR BUYING (US$) 37,660,000 TOTAL OFFERS FOR SELLING (US$) ------

The latest daily currency auction was held in the Central Bank of Iraq on the 6-FEB-2012. The results were as follows: DETAILSNOTESNumber of banks3Auction price selling dinar / US$1166Auction price buying dinar / US$-----Amount sold at auction price (US$)21,871,000Amount purchased at Auction price (US$)-----Total offers for buying (US$)21,871,000Total offers for selling (US$)-----<br class="Apple-interchange-newline">

I second that! an rv would get some of us guys out of here and home!!!!! COME ON RV!!!

Dating yourself is legal in Ohio, Kentucky and West Virginia, last I heard. How dare you put Ohio in the same category as us

Actually, The CBI website has never been more up and running lol

Very Very interesting... Thank you for the post. But im curious to see if this has anything to do with the dedollarization article....

It's hard to find any truth to this. But heres to hoping it's true. Happy New Years to you all especially my brothers and sisters overseas.

For not being a democrat or republican your leaning kinda left arent you. As far as former president Bill Clinton is concerned he was in office at the right time. America saw a boom in the housing market, ans technology exploded. Its hard to compare one presidency to the other because events shape history. Looking back its easy to judge, be fair. We wont know the full impact of bush's terms in office until far down the road. This is just a historians prospective.

Your right in the fact that the 3+ Trillion dollars in this senario wont touch our national debt. But wiping out 21% of that debt overnight sounds pretty fantastic to me.

If we paid for it and can exchange it back to usd, doesnt that mean its worth something..... Just sayin

You know... You may be right. It may not rv anytime soon, but why would someone like ali close up shop when hes making money hand over fist on people buying his dinar? Your telling me hs quit selling because hes tired of making money? Re-think your post please.