oilfan

Hi Adam how much of an rv must occur before you give all VIP members their banking certificates?

Adam, why do you think all these other Countries forgave Iraq and said Iraq does not need to repay their debt?

Statement by IMF Managing Director Christine Lagarde on Iraq Press Release No. 11/465 December 13, 2011 Ms. Christine Lagarde, Managing Director of the International Monetary Fund (IMF), issued the following statement after a meeting with H.E. Nouri Al-Maliki, Prime Minister of Iraq in Washington today: “It was a pleasure to meet Prime Minister Al-Maliki today. Over the past several years, Iraq and the International Monetary Fund have engaged in a very successful partnership, anchored by successive IMF-supported economic programs. This partnership has facilitated substantial debt relief and helped achieve macroeconomic stability, including a strong dinar, low inflation, and a resumption of economic growth, in a very challenging political and security environment. “Prudent fiscal policies are essential to maintaining macroeconomic stability and fostering inclusive growth. In this context, I am very encouraged by the government’s new budget proposal for 2012 that was recently submitted to the Iraqi Council of Representatives. The proposal aims to restrain the growth of current spending, thus freeing up resources for infrastructure investment and social support, while limiting the size of the budget deficit. The proposed budget would allow the current Stand-By Arrangement (SBA) to continue to provide a safety net to the budget in case oil revenues were to fall sharply. “Promoting policies that lead to more inclusive growth is central to our engagement with Iraq. We are working closely with the Iraqi government to rebuild its essential economic institutions to help improve economic management and public service delivery. The current SBA offers a framework for Iraq’s structural reform agenda, by promoting better public financial management, including the management of Iraq’s hydrocarbon resources, and developing a financial sector that can support private sector activity and job creation. We look forward to further progress in these areas. “We remain committed to helping Iraq in its efforts to foster sustained and inclusive economic growth, generate viable employment opportunities, and improve living standards for all Iraqis. An IMF staff mission is scheduled to meet the authorities in January to discuss progress under the program and next steps.” http://www.imf.org/external/np/sec/pr/2011/pr11465.htm Sorry if this was posted before.

Posted November 20th, 2011: Please note that effective November 20th, 2011 all clients with orders over $3000.00 will be required to undergo a one-time identity verification process. This process is required in order to comply with regulation under the Proceeds of Crime (Money Laundering), Terrorist Financing Act and associated regulations for Money Services Businesses in Canada. For more information on FINTRAC regulations, please visit www.fintrac-canafe.gc.ca Posted November 17th, 2011: Please note that effective November 20th the wire transfer and direct deposit instructions have changed. To complete payments via wire transfer or direct deposit, please send us an email requesting the new wire transfer instructions. http://www.dinartradecanada.com/IMPORTANT_NOTICES.html

Posted: August 28, 2011 Please note that our offices will be closed from September 1 to 6 for the Labour Day long weekend. Orders can still be placed online, but will not be processed until September 7th, 2011. All shipping will resume September 7, 2011. http://www.dinartradecanada.com/IMPORTANT_NOTICES.html

Just respond Adam instead of deleting all the posts about Bluwolf.

So you didn't know the branch manager then you knew him. Why do i bother.........................

Just because July 11, 2011.....Didn't happen?..... i understand

http://www.clubdeparis.org/sections/communication/archives-2004/irak6017/downloadFile/PDF/PrIraq21nov04.pdf?nocache=1175506474.25 November 21, 2004 THE PARIS CLUB AND THE REPUBLIC OF IRAQ AGREE ON DEBT RELIEF The representatives of the member countries of the Paris Club met from November 17 to November 21 and agreed on November 21, 2004 with the representatives of the Republic of Iraq on a comprehensive debt treatment of the public external debt owed to them providing a total amount of debt reduction of 80 % in three phases. The Iraqi delegation described the challenging economic and financial situation faced by its country and presented the main measures for recovery included in the program of the Iraqi Government and supported by the Emergency Post Conflict Assistance approved by the Board of the International Monetary Fund on September 29, 2004. Paris Club members took note of the strong commitment of the Government of Iraq to implement the policies required under this program and reaffirmed their support. The representatives of the Creditor Countries, aware of the exceptional situation of the Republic of Iraq and of its limited repayment capacity over the coming years, agreed on a debt treatment to ensure its long term debt sustainability. To this end, they recommended that their Governments deliver the following exceptional treatment: - an immediate cancellation of part of the late interest representing 30% of the debt stock as at January 1, 2005. The remaining debt stock is deferred up to the date of the approval of an IMF standard programme. This cancellation results in the write-off of 11.6 billion US dollars on a total debt owed to the Paris Club of 38.9 billion US dollars; - as soon as a standard IMF programme is approved, a reduction of 30% of the debt stock will be delivered. The remaining debt stock will be rescheduled over a period of 23 years including a grace period of 6 years. This step will reduce the debt stock by another 11.6 billions US dollars increasing the rate of cancellation to 60%; - Paris Club Creditors agreed to grant an additional tranche of debt reduction representing 20% of the initial stock upon completion of the last IMF Board review of three-years of implementation of standard IMF programmes. This debt treatment would reduce the total debt stock from 38.9 billion to 7.8 billion US dollars. On a voluntary basis, each creditor country may also undertake debt swaps. The Republic of Iraq has committed to seek comparable treatment from its other external creditors. 2/ Background notes 1. The Paris Club was formed in 1956. It is an informal group of creditor governments from major industrialized countries. It meets on a monthly basis in Paris with debtor countries in order to agree with them on restructuring their debts. 2. The members of the Paris Club which participated in the reorganization of Iraq's debt were representatives of the governments of Australia, Austria, Belgium, Canada, Denmark, Finland, France, Germany, Italy, Japan, the Netherlands, the Republic of Korea, the Russian Federation, Spain, Sweden, Switzerland, the United Kingdom and the United States of America. Observers at the meeting were representatives of the government of Norway as well as the International Monetary Fund (IMF), the International Bank for Reconstruction and Development (IBRD), the Secretariat of UNCTAD, the European Commission and the Organization for Economic Cooperation and Development (OECD). The delegation of Iraq was headed by Mr. Adil A. Mahdi, Minister of Finance. The meeting was chaired by Mr. Jean-Pierre Jouyet, Chairman of the Paris Club. Technical notes 1. Iraq's economic program is supported by an Emergency Post Conflict Assistance. 2. Iraq's public debt was estimated to be US$ 120.2 billions in nominal value as at end 2004. The debt owed to Paris Club creditors as of December 31, 2004 was estimated to be US$ 38.9 billions in nominal value. 3. The repayment profile will be posted on the Paris Club web site. 3/ RESCHEDULING PROFILE "DEBT REDUCTION" OPTION RESCHEDULING PROFILE "DEBT SERVICE REDUCTION" OPTION 2005 0,00% 2005 0,00% 2006 0,00% 2006 0,00% 2007 0,00% 2007 0,00% 2008 0,00% 2008 0,00% 2009 0,00% 2009 0,00% 2010 0,00% 2010 0,00% July 1, 2011 2,94% July 1, 2011 0,37% January 1, 2012 2,94% January 1, 2012 0,39% July 1, 2012 2,94% July 1, 2012 0,41% January 1, 2013 2,94% January 1, 2013 0,44% July 1, 2013 2,94% July 1, 2013 0,46% January 1, 2014 2,94% January 1, 2014 0,49% July 1, 2014 2,94% July 1, 2014 0,51% January 1, 2015 2,94% January 1, 2015 0,54% July 1, 2015 2,94% July 1, 2015 0,57% January 1, 2016 2,94% January 1, 2016 0,60% July 1, 2016 2,94% July 1, 2016 0,63% January 1, 2017 2,94% January 1, 2017 0,66% July 1, 2017 2,94% July 1, 2017 0,70% January 1, 2018 2,94% January 1, 2018 0,73% July 1, 2018 2,94% July 1, 2018 0,77% January 1, 2019 2,94% January 1, 2019 0,81% July 1, 2019 2,94% July 1, 2019 0,85% January 1, 2020 2,94% January 1, 2020 0,90% July 1, 2020 2,94% July 1, 2020 0,94% January 1, 2021 2,94% January 1, 2021 0,99% July 1, 2021 2,94% July 1, 2021 1,04% January 1, 2022 2,94% January 1, 2022 1,10% July 1, 2022 2,94% July 1, 2022 1,15% January 1, 2023 2,94% January 1, 2023 1,21% July 1, 2023 2,94% July 1, 2023 1,27% January 1, 2024 2,94% January 1, 2024 1,33% July 1, 2024 2,94% July 1, 2024 1,40% January 1, 2025 2,94% January 1, 2025 1,47% July 1, 2025 2,94% July 1, 2025 1,54% January 1, 2026 2,94% January 1, 2026 1,62% July 1, 2026 2,94% July 1, 2026 1,70% January 1, 2027 2,94% January 1, 2027 1,78% July 1, 2027 2,94% July 1, 2027 1,87% January 1, 2028 2,94% January 1, 2028 1,96% July 1, 2028 2,05% January 1, 2029 2,15% July 1, 2029 2,26% January 1, 2030 2,37% July 1, 2030 2,48% January 1, 2031 2,60% July 1, 2031 2,73% January 1, 2032 2,86% July 1, 2032 3,00% January 1, 2033 3,15% July 1, 2033 3,30% January 1, 2034 3,46% July 1, 2034 3,62% To deliver the 30% debt reduction in Net Present Value (NPV) linked to the approval of the standard IMF programme, Paris Club Creditors can choose between a debt reduction option and a debt service reduction option. This latter option results in a longer rescheduling profile of 33 years including a grace peod of 6 years. ri January 1, 2035 3,80% July 1, 2035 3,98% January 1, 2036 4,17% July 1, 2036 4,37% January 1, 2037 4,58% July 1, 2037 4,80% January 1, 2038 5,07%

Well she became alerted when i wanted to send money to buy currency. She inquired what kind. I told her Iraqi dinars and she said they received a email back in December about Dinars so she read it and showed it to me. I don't think that was a big deal. I'm sure anyone can go to their bank and ask them about this particular email and they would do the same.

I'm very aware that Dinar Trade does not sell currency anymore. Thats why i went to the bank to get a bank draft for Sterling Currency Group. The lady at the bank just so happened to show me the email about Dinar Trade being a scam because they were not sending Dinars to people after they accepted the wire transfers. The email specifically mentioned Dinar Trade. Then it also talked about it being illegal to own the Dinars outside of Iraq. She aksed if i wanted to go ahead with the bank draft and i said yes then doudt started setting in. Thats why i shared my banking story with people here to get their thoughts. I am happy to say i mailed my bank draft this morning. Like alot of people here i have ordered from Dinar Trade and had not issues. However, if a bank has this on Dinar Trade then there were some shaddy things going on with them. Hence they are no longer selling currency.

Thanks everyone i guess i just got alittle spooked by what the bank email alert said and how the lady mentioned it to me. I just so happened to convinced some family members to invest and since they gave me money to make the purchase for them it set me back abit. I have been reassured, thank-you!

So I just got back from my local bank in Calgary. When i was there i wanted to get a bank draft. i told her to write it for Sterling Currency Group. She asked me what sort of currency it was and i said it is for Iraqi Dinars. She said they received a internal email in December about a dinar scam with DINAR TRADE. The email was inregards to people wiring them money and them not sending it. It also talked about it is illegal to buy the currency outside of Iraq. I told her that i had purchased 2 times from DINAR TRADE and had no problems with them and that its not illegal to purchase the currency. I also mentioned that DINAR TRADE is no longer selling DINARS. I guess this is one of the reasons DINAR TRADE is not buying or selling currency. I still got my bank draft but have not mailed it yet. I want to know what others think of this. I also asked if she could send me this email and she said no because it was internal. I suppose anyone can go to there local bank and inquire about this. For those that want to know i went to a CIBC branch. Today i feel uneasy ........