ArrowheadMagic

actually might be good news. Large denoms are used for bank to bank transactions., just like the US does now. The plan all along was to have both languages on the currency.

Isnt that still known as baked?

A watched pot, never boils.

Yet your quoted official wouldnt get the Iraqis to stop using the USD as their currency of choice.A neutral(LOP) doesnt get USD off the street. The CBI isnt "on the hook" for any of its currency out of country. People out of country, are not and will not require the CBI to pay them. Knowing that most Iraqis pay with USD, how much of their M2 is actually in circulation? How much USD is in circulation?

Same type of rumor. Why would a bank in a particular region know before the world? Think about it. So this one bank manager knows before the rest of the world? Seriously... you think this is possible? Who knows when it will hit, but a bank manager wont be the first to know....

Boomer Sooner. One of a few from the KC area. And Tuck Fexas

Its not happening. How would banks know before hand? why would tellers need training on currency exchanges?

This.

Fear of failure makes you do the necessary research to determine if its the right investment, at the right time, with the right stop loss. Greed to not be satisfied, want more, work to achieve your dreams.

Unpossible, Megan is here with me.

Delicate balance. Come in too low of a RV, foreign investors take over. Arguably the dinar should be in the same neighborhood as the Kuwaiti. At this point, it cant be sustained. Anything under $1, IMO, invites more foreign investment than the CBI wants.

The Iraqi currency is undervalued. What that means is anyones guess. Eventually it should get to $3, but most investors wont be around to see it.

Help you, help yourself and read the law. This page alone has given you the information. Its not about the buyers...Its about the sellers. It regulates who is selling. Dont believe everything you read without verifying it. Err... I mean....panic and drive up the costs of precious metals.... just let me know beforehand which one your buying in bulk.

CBI doesnt use Islamic Banking, and the 2 top banks in Iraq are changing systems. Saw this in the Iraqi news section of the forum. Plausible for it holding up any RV. There isnt a single cause.

Seriously? Is someone complaining about having someone else do all the leg work for making their money work for them, and it not being free? JFC, dont expect someone to do everything for you for free.

Curious how they only remove 000's in country. Considering once it RV's, USD wont have value in country, they will only use dinars. In country, their purchasing power increases because imports have become much cheaper. LOP, while a possibility, hasnt happened with a currency backed by something that costs nearly $100 a barrel, of which they can produce billions of. Yes, the currency is undervalued. Yes, they will attempt to gather all 000's before the currency reaches its full potential. Its currency, doesnt matter where it is. You cant lessen its value depending on where it held.

Scary to think how many stupid people buy into this guys info. But entertaining none the less.

Everything going on this month tends to only make sense with a currency that has value. But odds are, it wont. Once in a lifetime event happening, a country with valuable resources starting a democracy from scratch. Many things going against it, that using western logic, dont make sense. An undervalued currency will real potential to increase in value. Unlike the VND, less likely to LOP. But still a possibility. No one knows what will happen. This is an investment meant to be part of a portfolio, not its entirety.

LOL @ a bank manager having any intel about a speculative investment.

More people should take the time to read your post, then examine the law itself. No where in the law does it state anything about people buying, its to regulate those that sell.