PositiveThinker

Here is a screen capture from Bank of Americans website it shows it at $4.0828

Investors Consider Iraqi Debt Posted on 04 August 2011. Tags: Debt, Exotix, FDI, Invest AD, Silk Invest According to a report in the Financial Times, investors are turning their attention to Iraq’s debt. In 2004, after the US invasion of Iraq, the ‘Paris Club‘ of 19 western creditors agreed to forgive roughly 80% of the $37.2bn owed to them. This deal was used as a template for resolutions with other creditors and prevented the Iraqi government from favouring other countries outside the group. The paper quotes Gabriel Sterne, senior economist a illiquid debt specialists Exotix, as saying that Iraq’s public and external debt is heading towards a “firmly sustainable footing”, and he forecasts that Iraq’s debt-to-GDP ratio will be less than 40 per cent by the end of 2011, compared with 552 per cent before the Paris Club agreement. “With oil revenues buoyant and production volumes set to increase, we still think the risk-reward trade-off is acceptable on the eurobonds,” Mr Sterne wrote in a recent note. Waleed Eedi, a director-general at the central bank of Iraq, put Iraq’s total debt at about $40bn compared with $135bn eight years ago, and said Iraq may sell its first bonds since 2006 next year. However, Daniel Broby, chief investment officer at London-based Silk Invest, said the yield of about 6.7% just isn’t attractive enough. There is also the vexed issue of bilateral Arab debt, owed mainly to Kuwait and Saudi Arabia. Mr Sterne says this debt is not being serviced but, equally, neither is it being enforced by the two Arab neighbours. The economic outlook is based on plans to increase oil production to 12m barrels a day within six years, from the present 2.6m bpd, but many analysts are sceptical that this will be achieved. The IMF estimates Iraq’s economy will grow 9.6 per cent this year and 12.6 per cent in 2012 as oil production rises. Inflation is forecast at 5 per cent for the next two years. “It’s a matter of security and once that is solved, really the sky’s the limit in terms of the growth potential for Iraq, in terms of the demographics and the supply-demand issue,” says Sherif Salem, portfolio manager at Invest AD. “It’s going to be a bumpy road in the short term but in the longer term, given Iraq’s importance, it is in people’s interests that Iraq gets through this. Link: http://www.iraq-businessnews.com/2011/08/04/investors-consider-iraqi-debt/

I purchased from them as well, one site if for COD transactions ONLY and the other is for payment online or through bank transfers... I ask the same question when I first purchase.

I talk to two banks where I live Regions Bank & Trustmark Bank. Neither of them said they needed the De La Rue Machine to confirm authenticity... I was told as long and the currency has rv'd and they had the ok to exchange it the bank would provide them a image to compare the security features on the notes they don't need the machine to do that. No proof of purchase need as well but you do have to open a account with them in order to exchange if you don't already have a account. No sure about other banks, but this is the information I received... hope it helps.

乂◕‿◕乂 hahaha

same here: -----> http://usd.fxexchangerate.com/kwd-exchange-rates-history.html

IRS offering tax assistance July 16 Phoenix Business Journal Date: Friday, July 8, 2011, 4:58pm MST - Last Modified: Saturday, July 9, 2011, 7:00pm MST Related: Banking & Financial Services, Phoenix The Internal Revenue Office is having an open house July 16 to provide free assistance to taxpayers who need help filing their tax returns. The event is set from 9 a.m. to 2 p.m. at the Phoenix IRS office, 4041 N. Central Ave. IRS Commissioner Doug Shulman said this could be a good time for taxpayers to get a fresh start with their tax liabilities. “We are making fundamental changes to our lien system and other collection tools that will help taxpayers and give them a fresh start,” Shulman said. “These steps are good for people facing tough times, and they reflect a responsible approach for the tax system.” Taxpayers will be able to learn about changes, including: • Adjustments to IRS lien policies: Significantly increasing the dollar threshold when liens are generally issued, resulting in fewer tax liens; making it easier for taxpayers to obtain lien withdrawals after paying a tax bill; withdrawing liens in most cases when a taxpayer enters into a direct debit installment agreement. • Creating easier access to installment agreements for more struggling small businesses. • Expanding the streamlined offer in compromise program to cover more taxpayers. In addition to the normal array of services, limited help preparing tax forms is available on a first-come, first-served basis in most locations. here is the link: http://www.bizjournals.com/phoenix/news/2011/07/08/irs-offering-tax-assistance-july-16.html

ECONOMY A new strategy to restructure the Iraqi currency Categories of the Iraqi currency 23.06.2011 Hassan Rashid Completed the CBI a new strategy to restructure the local currency, having formed a monetary policy mainstay of the economy of the country over the past eight years by enabling them to maintain the stability of the Iraqi dinar exchange rate against other currencies. The consultant said the Central Bank of the appearance of Mohammed Salih in an interview with Radio Free Iraq that the Bank is preparing to start applying the new strategy commensurate with the strength of the Iraqi currency and the positive developments that await the Iraqi economy in the stage. According to the data of the Central Bank of Iraq is currently trading about 29 trillion Iraqi dinars through five trillions of paper money, a mass of cash described in favor of considerable ability is very He pointed out that the application of the strategy need to be approved by the government and parliament as it relates to a national very important. include the new strategy according to the benefit of several steps of the most prominent issue of substantial monetary up to the equivalent of one hundred U.S. dollars, and small, including coins. For its part, says Chairman of the Committee House Financial former Alaa al-Sadoun that the current situation of the Iraqi currency and enjoys the stability of the set for a restructuring. but Sadoun, indicate that this measure alone is not enough to promote the Iraqi economy, but we must move the wheel of national development in general, and especially regarding activating the role of the private sector. more details in the audio file: http://www.iraqhurr.org/content/article/24244473.html

01.07.2011 Super Messenger Sarhan After eight years of monitoring and supervision of the International, received the Committee of Financial Experts Iraqi files, the Development Fund for Iraq after the end of the mandate of the International Advisory and Monitoring on 30 June, on the basis of Security Council resolution No. 1956 issued in 2010. The head of the Supreme Audit of Iraq, and Chairman of the Committee of Financial Experts Dr. Abdul Basit Turki handover event historic will restore Iraq's sovereignty, absolute money, noting that what happened will the Iraqi government to give serious thought to get out of the provisions of Chapter VII under the protection of the U.S. that will continue for a period of one year. 's statements of financial Iraq came during a press conference held by Turkish Thursday evening in the Jordanian capital Amman after the completion of a series of meetings between the Committee of Financial Experts of Iraq and the International Advisory and Monitoring Board for two days. In response to a question by Radio Free Iraq on the main challenges that face the work of the Committee of Financial Experts of Iraq, said Turkish, the Commission should adopt the same mechanism adopted by the Council of the International Advisory and Monitoring Board, and it must do its job on a high degree of efficiency, transparency, integrity and clarity by drawing on the reports of the companies, international auditing. and about the fate of Iraqi funds, which withdrew from the Development Fund for Iraq in the period of authority of the Civil Coalition America, which took over management of Paul Bremer and the amount of 17 billion and a half billion dollars and the efforts of the Iraqi government disclosed, said a Turkish contacts were underway between the Committee of Ministers of Iraq, which recently formed for the purpose of investigating the fate of the money and the U.S. Special Inspector General for Iraq reconstruction, noting that the committee is trying hard to get to the facts through the mechanism policy. participated in the meetings of experts from the Office of Financial Supervision, and the members of the Committee of Financial Experts, in addition to the members of the International Advisory and Monitoring, and representatives of the Secretary General of the United Nations and the International Monetary Fund and the World Bank and the Arab Fund for Economic and Social Development and the Deputy Inspector General, the American and the representative of Iraq in the said Council . It is said that the Iraqi Committee of Financial Experts was founded in 04.01.2007 According to the decision of the Council of Ministers in order to be a substitute for the supervisory body of the Council of the International Advisory and Monitoring Board, which was supervised by over eight years ago on the spending of public funds derived from Iraqi production and export oil and petroleum products, which were deposited in the accounts of "the U.S. Federal Reserve Bank" in New York, which was enjoying international immunity based on the UN Security Council resolutions passed after the fall of the former regime, the establishment of the Development Fund for Iraq. more details in the audio file. http://www.iraqhurr.org/content/article/24252523.html

I'm glad to know I'm not the only one thinking that way, thanks for the reply I appreciate it!

I would like to apologize to anyone else that reads my first post/question (mostly senior members) because I seem to have pissed Mr. Froto off for posting in the wrong section and apparently asking questions that weren't suitable enough to get a polite reply. FORGIVE ME PLEASE or I may not be able to sleep tonight... Sincerely, A Newbie

sorry Senior Member if I posted in the wrong section, but there is no need to be rude! I DON'T HAVE TO LEARN TO READ ANYTHING and it doesn't really matter to me if its foreign currency or if its IQD's that are held in bank accounts of there citizens. It was just a number being use that I wanted a answer too. I do understand why there is so much confusing and people can't really get a credible answer from any forum on any site you can do yourself a favor and grandstand some place else, please and thank you. Now if anyone else would like to try and answer my question WITHOUT the rudeness or air of I KNOW EVERYTHING YOU KNOW NOTHING I would greatly appreciate it!

Yes sadly I know that but I do have access to a bank that I can deposit my Dinar in... I just wanted to know if it would be worth it or not, because at the end of the day if the same applies to whats in the bank as to whats in my hand I don't want to go through the trouble. After reading all the post everyone really just seem to keep going in circle and not really answering the questions asked, and any answer that get a reply worth digging a little deeper into is shot down by "someone" that know more then the person that answered the original question (or so they seem to think). I'm just hoping someone can give me a answer that I can research and determine if there is some truth in it or just someones opinion of what they think is the correct answer. Not sure if that can happen but its worth a try, right?

So I have read a lot of info here on the Dinar LOP/RV, but I have questions that I still don't have a answer to after all that reading First I went to http://www.cbi.iq and looked at the 2009 Financial Statement here: http://www.cbi.iq/documents/fin_sta2009_en.pdf It states on page 5 section 2.1 that: The financial statements have been presented in Iraqi Dinar “IQD”, which is the functional and presentation currency of the CBI. All amounts in the financial statements are rounded to the nearest million IQD unless otherwise stated. ok with that being said the cash & cash equivalents, end of the year for 2009 was $18,022,171.00, so just using that number how much would the CBI have in cash & cash equivalents after the LOP? If the LOP takes away from their current value, why on earth would they do it? If it doesn't effect their bottom line because its in a "account" and its not a paper note, why can't I just open a foreign currency account and wait for the LOP/RV and still cash in on the full amount of Dinar I have in my account? If anyone can help answer those questions for me I would greatly appreciate it