Bank Guy

All BS...I have heard no such thing at my bank and I am pretty high up. Sorry.

The lowest price around is wells fargo Got mine there too!

Had a couple come in today SO SURE the dinar had RV'd and were surprised when I looked it up and NOPE! CBI still shows Nada. Then when I informed them that our bank was not cashing in they were even more shocked! "What? Why Not? I was supposed to happen today! This is crazy!" Sorry folks...I wish it had...I wish it had!

I woke up to Howard Stern on the radio talking about the attack and thought..."This does not sound like a joke" Turned on the TV to see tower 1 in flames. I owned a bar at that time and we were packed all day since many people were sent home from work. We all just sat in horror and watched the whole event unfold.

A glass!! You have a glass!!?? WOW...Lucky!!

No not illegal for us bankers to own Dinar. I and several other bankers here own it. Yes we do not have inside info...just the stuff we hear from the rumor mill.

Attack the Palace! Why should that family live in luxury?? The Monarchy is an antiquated bunch of BS!

Sorry...but he was either pulling your leg or you made this up. Wells Fargo does not even include The Dinar as a rate on their screens anymore. Only trade-able currency shows now! But....we shall see.

WOW! $9000! I hope to make that some day!

Well no news...it is OK... just another part of the ride. Oh and the "Adam is a Pumper" was meant as a joke....

Reuters reports that it’s a tough road ahead for Iraqi private banks required to raise their capital to boost business as they battle against decades of state dominance to win a slice of the asset base from government-run enterprises. It blames a poor credit culture, the lack of a modern banking system, and the dominance of state banks, for slowing development in the financial sector. Many Iraqis remain do not have bank accounts, and there are concerns that most business in the country is done through direct cash dealings, which have security implications. Economist Salam Smeism commented: “We still have the remains of a central management which is still forcing government offices and ministries to deal with government banks exclusively, and consequently all the deposits are going into state banks. “Where is the benefit in having the money go from the government to the government? We need to develop the private sector.” Executive director of the Iraqi Private Banks League, Abdul-Aziz Hassoun, said Iraq nationalised its private banks in 1964, paving the way for dominance of the financial industry by the country’s state banks. After the U.N. imposed economic sanctions in 1991, private banking once again opened up in Iraq. The OPEC country has seven state-owned banks, 23 private banks and eight Islamic private banks, according to the central bank website. So our plan is how to support the private banks in all fields.” said Fadhil Nabi, the deputy finance minister. In 2006 Iraq decided to revamp its financial system, particularly through a restructuring of Rafidain and Rashid, re-organising the central bank’s supervision department and developing the private sector. Both the World Bank and the IMF agreed in 2009 to help advise and implement the plan although progress has been slow. Rafidain bank has $28 billion in external and internal debts, while Rashid has debts of $1 billion. Most external debts were racked up by the government during Saddam’s time. Part of the plan is a capital-raising scheme for private banks to boost capital for each institution to $213 million by June 2013, which is also expected to spur some consolidation within the sector. However, industry officials say while raising capital will aid private banks, more needs to be done to modernise Iraq’s financial system to open up banking for private banks. “Our banks are lagging other banks and they cannot deal with the international and world banks because we do not have a full electronic system,” Nabi said. Only eight private banks offer ATM machine and credit card services. Interbank and international payments do not exist, a worry for foreign firms seeking to invest in Iraq and help with its reconstruction. The central bank is working with the U.S. Agency for International Development (USAID) to create a single gateway for interbank and international payments. “Imagine a foreign investor coming to Iraq and carrying money in a suitcase,” said Smeism. “We should have a developed banking system to ensure capital flow and movement operates in the same way as the rest of the world.” (Source: Reuters)

Has Adam ever sent out an email like the one earlier this week?

.40 works for me...I prefer a Pina Colada though...hope that's OK.

Just the dollar moving...not the IQD.

I saw in my alpha bits this morning the letters R and V next to each other....this is a sure sign it has happened...just like this link you gave us!!!! :lol:

Posted on 13 July 2011. Tags: banking Iraqi Banks Too Small for Major Projects Iraqi banks are too small to be useful to international companies, resulting in major investment projects being impeded, Iraqi Electricity Ministry Spokesman Musab al-Mudarres told AKnews on Tuesday. “Iraqi banks cannot provide financial guarantees to foreign companies because their capital is below the guarantees expected by corporations”, he said. “The Ministry of Electricity has submitted a request to the Council of Ministers about the need to facilitate banking transactions involving well-known foreign banks in the guarantees.” http://www.iraq-businessnews.com/2011/07/13/iraqi-banks-too-small-for-major-projects/

Knowing about it and knowing inside secret behind closed doors information is another thing. The only bank with inside information is The CBI...and even they probably have no clue when it will RV! :lol:

NO NO NO NO!!!! Banks do not deal in the dinar at any rate!( WELLS-CHASE-BofA) We DO NOT have any inside information about the RV! We are not secretly training tellers to handle the dinar! If it happens...it happens ... Until then...just chill and enjoy the ride!

AMEN!!!!

People stop bothering banks. I AGREE!!!

Ad is gone now....funny

And then they send you the bogus check that bounces 2 weeks later...what a joke!

Sorry but us bank employees are not in the know....we do not have inside info and are never given orders to not reveal information. Trust me...Adam will know long before most if mot all Bank employees!!

It's done....except for the fact that every bank in the WORLD does not agree!!

I know...as an invested Dinar member....I really hoped that this guy was right . But he was an obvious victim of the pumping crap...I was so sad! For Him and me.