dinarminer

Postscript. After reading several good comments on this blog exposing the buy Iraqi Dinar get rich quick scheme as a scam, I want to make it very clear that I also believe it’s a scam. My intent for the original blog was to answer tax questions about holding physical currency as an investment, not to drill down into the Iraqi Dinar scheme. I may do just that in a follow-up post soon. -R.G. Read More Here: http://www.forbes.com/sites/greatspeculations/2011/07/27/is-the-iraqi-dinar-worthless-paper-or-maker-of-millionaires/

Well another year going by fast and no sign of any RV. After too many missed dates of ” has to happen by end of March, or was it April ” budget, its in the budget. Decoder rings must be used to understand some on a blue couch. Some even have the nerve to say every day the RV will happen tomorrow. I have said over and over Malaki will have to be gone or demoted to see this RV happen. Shabibi was about to implement something many believe was the RV then Malaki had him removed and arrest warrant issued before he could do it. Iraq is a MESS, security is the worst its been in many years thanks to Obama pulling our troops out too soon. I dont expect this to happen until after elections to remove Malaki ( or Obama )

Hope this is true. don't promote other sites Derek Duncan, we are pleased to announce that the vote on the Iraqi 2013 budget has passed in parliament. Now that this hurdle is done, the next step is to activate the new Iraq currency rate. This will and should move along quite quickly as many country projects are depending on this 2013 budget to be opened. I believe you will not hear a lot about the process but rather start looking for the new rate to be officially posted on the Official Central Bank of Iraq website. As a courtesy, we send one last email when it has been established, and a list of banks that will work with you. I would imagine that the United States banks and currency dealers will follow very quickly by allowing you to proceed and begin the exchange process for your Iraqi currency to the United States currency. I am very happy that this is about over and all of you can start your new lives in the near future.

Yes, I am Newbie in this Dinars forum, but I have been keeping updates for the past 4 years in all forums dealing with Dinars RV, since when I first purchased my first dinars back in 2008. I am sorry if I have posted this topic in the wrong Topic Discussion and the Moderator has the right to delete my post for my error. I am not afraid of any forum Moderator. Peace and Prosperity, Derek.

http://answers.yahoo.com/question/index;_ylt=AsQkb2D0XPr5qaQwkccuNZUazKIX;_ylv=3?qid=20120106200951AAuQ0cT Since the USA troops have left Iraq, do you think there might be a RV for the Iraq, dinars, soon? The dinar is never going to revalue in any way that makes anyone a profit. revaluation = lie Kuwaiti dinar soared = lie WTO matters = lie US withdrawal matters = lie See the pattern? The dinar thieves have been promising massive revaluation profits for 6+ years. The sales pitch is stupid once you analyze it. If Iraq knocks a few zeroes off its currency, it does not magically multiply the value of older bills. This fraud is so widespread that the question comes up several times per week. The web is filled with lies from the dinar sellers, but the correct info is available. Here are two links from reliable unbiased sources; Utah Securities Division and the Better Business Bureau. All info is still accurate. If you doubt any of this, check with your bank. You will find that they will not exchange dinar as it is not a convertible currency. Source(s): http://www.securities.utah.gov/press/top… http://www.bbb.org/us/article/bbb-warns-…

Vision's Bank story Post by Highhopes at PTR Forum Bank story from BGGs site: newmonies] 4:11 PM [vision] Update for those with 1st National Bank of Texas - friends just emailed me - this is what they told him......There will be no fees. It will be on a 1st come 1st served. Her understanding is that they will pay the CBI rate. They will verify the Dinar there with what they have on line and in books. Your Dinar will be sent off in a separate package just as you received it and if found to be counterfeit they will debit your account for the amount that is counterfeit. They do not send it off to be verified through a De La Rue machine. She did have a Branch managers meeting the other day and the head Branch manager stated that if this thing RV's it will be business as usual. He told the branch managers that there is a lot of risk in this investment (that all that was told to me by ******). He did tell them that they had to stop selling the Dinar as it was shutting down the Iraq economy as the folks in the US were buying up all the Dinar. Now you know as much as I do. Friday Afternoon Freeway Bill - post from Highhopes at PTR Forum From Freeway Bill: Those confirmations were about in-country cashins by contractors. This information was fabulous to hear and know they were confirmed. These are also contributing people that are sharing their personal financial experiences with Tony. Asking them for an exact amount might make them a little skiddish. The rate for in country Iraq and the rate we will be seeing will be two different rates. The fact that they are indeed cashing out in Iraq (contractors) is a huge indicator that we are in the moment. Possibly within a few hours from seeing our own rate and hearing our own cashin stories!

000 Three zeros will fall off the end, which will make for easier math without changing the purchasing power. These are the second set of new coins. In 2004, the Coalition Provisional Authority that followed the overthrow of Saddam authorized new coins and bank notes. Twenty-five, fifty, and hundred-dinar coins were introduced, however they proved to be unpopular and were quickly pulled. Don't look for the reissue of the dinar this quarter. It will take three years for the currency to reform to be a reality... They still haven't figured out which bribe will win the printing license. Part of the Iraq dinar buying frenzy of the last few years has to do with the idea that dinars will switch over and be worth a lot. This happened in Germany in 1948 when rationing ended, price controls were abolished, and the money supply contracted when the then-new deutschemark was put in place. It lead to the post-war German economic miracle. Out of Iraq It's a big stretch to say Iraq is the same as 1948 Germany... But there is massive opportunity. And a lot of people will get rich. Today President Obama said the nearly complete withdrawal of American military forces from Iraq will happen by the end of the year. This is good news. Sincerely, chris sig Christian DeHaemer Editor, Wealth Daily

1. Liquidity There is currently no active market for dinars. You can buy them but can you sell them? We surveyed several dealers and found that the difference between what you can buy dinars for and what you can sell them for is approximately 20%. This means that the dinar will have to appreciate by at least 20% before you could sell the currency back at break-even. It is worth noting that since the new dinar was introduced after the U.S. invasion it has only appreciated about 23% total. 2. Currencies with extremely low values are often demonetized It is quite common for countries with currencies that have very low values compared to other currencies to demonetize their existing hard currency and issue new currency with new values. For example, the Venezuelans, another oil economy, demonetized the bolivar (trading at 2,150 to the USD) in 2008 and allowed currency owners to exchange 1,000 of them for 1 new bolivar. The new bolivar now trades at 2.15 to the USD. This demonetization and revaluation process has been done over and over again in modern history. One of the risks here is the process required to get your hard currency dinars exchanged for potentially a second issue of new dinars at a new value. If there is an extremely illiquid market today there is likely going to be one then as well. It may be something that can only be done in Iraq which could make the process extremely expensive. 3. Inflation Currently the Iraqi Central Bank is reporting inflation rates that vary, depending on the month, from -4% to +8%. If the government and economy become more unstable than they are at present, those inflation rates could skyrocket. Hyper-inflation destroys the value of hard currency. By the time the Turkish government revalued in 2008 the lira had inflated to 1.5million lira to the USD. The bottom line is that this is an investment opportunity marketed by unregistered advisors to mostly unsophisticated currency investors. No risks are disclosed and past information is fabricated or modified to make the opportunity look better than it really is. This investment is a gamble at best.

Thanks for an intelligent comment all others seem to be hot heads and name callers....dinarminer

I have 1,047,000 Dinars and you said you will give me $20.00 for it. I think I rather hold on to them.

Corrected URL's for the above post. http://www.securities.utah.gov/press/topscams.pdf http://www.nasdaq.com/newscontent/20090415/the-iraqi-dinar-scam-part-two.aspx?storyid=20090415204714LEARNContentFeedForex&categoryid=Forex http://www.bbb.org/us/article/bbb-warns-that-iraqi-dinar-investment-is-creating-concerns-and-complaints-690

There is no revaluation news that can possibly produce a profit. If Iraq removes a few zeroes from its currency, it does not multiply the value of older bills. Only a complete fool would believe such revaluation lies. This fraud is so widespread that the question comes up several times per week. The web is filled with lies from the dinar sellers, but the correct info is available. Here are three links from reliable unbiased sources; Utah Securities Division, NASDAQ, Better Business Bureau. All info is still accurate. Source(s): http://www.securities.utah.gov/press/top… http://www.nasdaq.com/newscontent/200904… http://www.bbb.org/us/article/bbb-warns-… Now I need to l know how to get rid of my worthless dinars.