billy6

sorry "sport" I'm into my better half...common sense never lost a dime and still have a lot.

Yes and the other thread was locked.....HHMMMM???? What is the problem, this is viable info from a REAL source. Good or bad like it or not, what R U trying to protect? The other mod threatened to ban people on the first thread. I suppose this will be my last post allowed.....again! and you changed the subject of the original post (his opinion is) was not there!!! WOW!!!

Some of you people would spin a top until it's dizzy. You wouldn't believe it if a refrigerator fell on your head. The IMF report is fake? No. That's information you can bank on, not spun by gurus.

If a refrigerator fell on some of your heads you wouldn't believe it.

page 17 - 3. For purposes of monitoring under the program, a program exchange rate will be used. This program exchange rate will be set at ID 1,170 per U.S. dollar. The program exchange rate will be used to convert into Iraqi dinars the U.S. dollar value of all CBI foreign assets and liabilities denominated in U.S. dollars, as required. For CBI assets and liabilities denominated in SDRs and in foreign currencies other than the U.S. dollar, they will be converted in U.S. dollars at their respective SDR-exchange rates prevailing as of December 31, 2010, as published on the IMF’s website. 4. For the purpose of this program, the international or world oil price is understood to be the Average Petroleum Spot Price (APSP) used in the IMF’s World Economic Outlook Read more:

I hate to say it and I have said it before... Oil is king in Iraq and so is the USD....and will be for many years.

Date (bait)____________________________________________________________________________________________RV

If the messenger comes to my door 50x and all 50x the message is wrong.... Well then the day will come that I get tired of getting the wrong msg and "shoot the messenger" end of msg

Care to comment on this? and exactly how do you know there won't be?

You better worry about what it does to the USD. You will need $50 for a gallon of milk...never mind the gas.

What is the big player in any government? The USD. Do you think government officials in any country that has a low value on there currency gets paid or profits from local currency? No! What did Brazil just get from US? Obama pledges 200 million of taxpayers money to Brazil. cut Iraq demands $1 billion from U.S. over war damages CNN.com - Audit: U.S. lost track of $9 billion in Iraq funds Nearly $9 billion of money spent on Iraqi reconstruction is unaccounted for because of inefficiencies and bad management, How the US sent $12bn in cash to Iraq. And watched it vanish ECT ECT ECT ECT ECT>>>>>>>>>>> Now what currency does the iraqi government care about?

and what credibility is left if it doesn't happen? One BIG problem with this "investment" is all the fraudulent information. Tends to not give it validity.

What if the GOI has laws or rules that specify who/ what / when / where? What any bank or web site says here could be meaningless to what the GOI laws and rules specify. It's all well and fine "before", the "after" could be an entirely different story.

Maybe this is why... http://bizinformation.ca/www.dinarvets.com

What a crock of SH** This is exactly what makes these sites lose credibility. My advise, ban these idiots, not people like me that put counter points!!

yep sure is, I know how bad some of you want middle east blood money but many of us here are still AMERICAN!!!

Yes and many other places. If you feel you can trust the GOI to redeem your dinar so be it, I wouldn't. Traded globally corporate is a different animal than private individual. Here is a piece I posted before. It's right from the CBI. Note the first line last word. CBI law Article 32 Issuing of the currency states 1 The CBI shall have the exclusive right to issue banknotes and coins intended for circulation in IRAQ. Banknotes issued under this Article shall be a first charge on the assets of the CBI. The CBI shall make appropriate arrangements for the issue of its banknotes and coins as required for circulation in Iraq. Banknotes and coins issued by the CBI and intended for circulation are not promissory notes, bills of exchange, or any other type of commercial document under the applicable commercial law, and the CBI Article 36 Redemption of the currency states: 1. The CBI may decide to redeem banknotes or coins by issuing, free of charge, other banknotes or coins in equivalent amounts. A decision to redeem banknotes or coins shall be issued in the form of a regulation of the CBI specifying the period during which the exchange shall take place and the locations and times at which withdrawn banknotes and coins shall be presended for redemption. 2. At the end of the exchange period or any other time specified by the CBI, redeemed banknotes and coins shall be demonetized and cease to be legel tender. In other words regardless of currency law in other countries the CBI law is if the dinar is not in Iraq the CBI is not required to redeem it, nor does the CBI regard it as legal tender to honor. Quote from Dinarius Rucker If you have Canadian dollars in your possession, can you exchange them? GBP? YES! How can you believe the US gov't. tells you "it's probably a good idea to buy Iraqi dinar", but then leave you stuck with worthless paper? cut If you feel you can trust the US government so be it, I wouldn't quote from 1978parker How can banks sell it to you if they can't buy it back?????? Think cut Come on get real. They are making money and there is no law against it. But who said they will buy it back? Better check the fine print. Besides if Iraq won't honor it the bank sure won't. Again from above..... In other words regardless of currency law in other countries the CBI law is if the dinar is not in Iraq the CBI is not required to redeem it, nor does the CBI regard it as legal tender to honor. cut Traded electronically by corporate or government is one thing, holding dinar in hand outside Iraq is another.BTW , wasn't it advised to have it in an account in Iraq by adam montana? I'll bet his and others are. CUT

What about the points I have heard lately that unless U have your dinar in a bank in Iraq or U R a contractor/investor in Iraq you can not exchange it???? I have read and been told that my dinar paper in hand will not be able to be cashed in? Even if I took it to Iraq it would be illegal to bring in or take out of country????

Did ya ever notice how the date (bait) keeps getting dangled just a liiiiiiiitle bit farther down the string____________ each week?

Don't worry about these blow hards. They think they know something. Well they will be very surprised someday to find they really didn't know what they were talking about or how this is really going to play out.

Okay, selling is one thing. How about redemption here in the US???? CBI law Article 32 Issuing of the currency states 1 The CBI shall have the exclusive right to issue banknotes and coins intended for circulation in IRAQ. Banknotes issued under this Article shall be a first charge on the assets of the CBI. The CBI shall make appropriate arrangements for the issue of its banknotes and coins as required for circulation in Iraq. Banknotes and coins issued by the CBI and intended for circulation are not promissory notes, bills of exchange, or any other type of commercial document under the applicable commercial law, and the CBI is obligated to honor them only as provided for in this law. Article 36 Redemption of the currency states: 1. The CBI may decide to redeem banknotes or coins by issuing, free of charge, other banknotes or coins in equivalent amounts. A decision to redeem banknotes or coins shall be issued in the form of a regulation of the CBI specifying the period during which the exchange shall take place and the locations and times at which withdrawn banknotes and coins shall be presented for redemption. 2. At the end of the exchange period or any other time specified by the CBI, redeemed banknotes and coins shall be demonetized and cease to be legel tender. In other words regardless of currency law in other countries the CBI law is if the dinar is not in Iraq the CBI is not required to redeem it, nor does the CBI regard it as legal tender to honor.

What about this???? CBI law Article 32 Issuing of the currency states 1 The CBI shall have the exclusive right to issue banknotes and coins intended for circulation in IRAQ. Banknotes issued under this Article shall be a first charge on the assets of the CBI. The CBI shall make appropriate arrangements for the issue of its banknotes and coins as required for circulation in Iraq. Banknotes and coins issued by the CBI and intended for circulation are not promissory notes, bills of exchange, or any other type of commerical document under the applicable commercial law, and the CBI is obligated to honor them only as provided for in this law. Article 36 Redemption of the currency states: 1. The CBI may decide to redeem banknotes or coins by issuing, free of charge, other banknotes or coins in equivalent amounts. A decision to redeem banknotes or coins shall be issued in the form of a regulation of the CBI specifying the period during which the exchange shall take place and the locations and times at which withdrawn banknotes and coins shall be presended for redemption. 2. At the end of the exchange period or any other time specified by the CBI, redeemed banknotes and coins shall be demonetized and cease to be legel tender. In other words regardless of currency law in other countries the CBI law is if the dinar is not in Iraq the CBI is not required to redeem it, nor does the CBI regard it as legal tender to honor.

What about this?????? CBI law Article 32 Issuing of the currency states 1 The CBI shall have the exclusive right to issue banknotes and coins intended for circulation in IRAQ. Banknotes issued under this Article shall be a first charge on the assets of the CBI. The CBI shall make appropriate arrangements for the issue of its banknotes and coins as required for circulation in Iraq. Banknotes and coins issued by the CBI and intended for circulation are not promissory notes, bills of exchange, or any other type of commerical document under the applicable commercial law, and the CBI is obligated to honor them only as provided for in this law. Article 36 Redemption of the currency states: 1. The CBI may decide to redeem banknotes or coins by issuing, free of charge, other banknotes or coins in equivalent amounts. A decision to redeem banknotes or coins shall be issued in the form of a regulation of the CBI specifying the period during which the exchange shall take place and the locations and times at which withdrawn banknotes and coins shall be presended for redemption. 2. At the end of the exchange period or any other time specified by the CBI, redeemed banknotes and coins shall be demonetized and cease to be legel tender. In other words regardless of currency law in other countries the CBI law is if the dinar is not in Iraq the CBI is not required to redeem it, nor does the CBI regard it as legal tender to honor.