Appoupon

I wish I could believe that we won't have to donate to the wasteful Federal Government, but you'd have a better chance not being bit by mosquitos in a Louisiana swamp covered with coco butter. The way I figure it, you will get to keep about 62% of your money. I'm reminded of the mosquito that bit Will Ferrell in 'Land of the Lost', you'll end up about 1.75 quarts low.

While trying to wrap my head around the tax considerations I found this. Executive Order: Ending Immunities Granted to the Development Fund for Iraq and Certain Other Iraqi Property and Interests in Property Pursuant to Executive Order 13303, as Amended EXECUTIVE ORDER - - - - - - - ENDING IMMUNITIES GRANTED TO THE DEVELOPMENT FUND FOR IRAQ AND CERTAIN OTHER IRAQI PROPERTY AND INTERESTS IN PROPERTY PURSUANT TO EXECUTIVE ORDER 13303, AS AMENDED By the authority vested in me as President by the Constitution and the laws of the United States of America, including the International Emergency Economic Powers Act, as amended (50 U.S.C. 1701 et seq.) (IEEPA), the National Emergencies Act (50 U.S.C. 1601 et seq.), section 5 of the United Nations Participation Act, as amended (22 U.S.C. 287c) (UNPA), and section 301 of title 3, United States Code, I, BARACK OBAMA, President of the United States of America, have determined that the situation that gave rise to the actions taken in Executive Order 13303 of May 22, 2003, to protect the Development Fund for Iraq and certain other property in which the Government of Iraq has an interest has been significantly altered. Recognizing the changed circumstances in Iraq, including the Government of Iraq's progress in resolving and managing the risk associated with outstanding debts and claims arising from actions of the previous regime, I hereby terminate the prohibitions contained in section 1 of Executive Order 13303 of May 22, 2003, as amended by Executive Order 13364 of November 29, 2004, on any attachment, judgment, decree, lien, execution, garnishment, or other judicial process with respect to the Development Fund for Iraq and Iraqi petroleum, petroleum products, and interests therein, and the accounts, assets, investments, and other property owned by, belonging to, or held by, in the name of, on behalf of, or otherwise for, the Central Bank of Iraq. This action is not intended otherwise to affect the national emergency declared in Executive Order 13303 of May 22, 2003, as expanded in scope by Executive Order 13315 of August 28, 2003, which shall remain in place. This action is also not intended to affect immunities enjoyed by the Government of Iraq and its property under otherwise applicable law. I hereby order: Section 1. The prohibitions set forth in section 1 of Executive Order 13303 of May 22, 2003, as amended by Executive Order 13364 of November 29, 2004, are hereby terminated. Sec. 2. The Secretary of the Treasury, in consultation with the Secretary of State, is hereby authorized to take such actions, including the promulgation of rules and regulations, and to employ all powers granted to the President by IEEPA and the UNPA as may be necessary to carry out the purposes of this order. The Secretary of the Treasury may redelegate any of these functions to other officers and agencies of the United States Government. All agencies of the United States Government are hereby directed to take all appropriate measures within their statutory authority to carry out the provisions of this order. Sec. 3. This order is not intended to, and does not, create any right or benefit, substantive or procedural, enforceable at law or in equity by any party against the United States, its departments, agencies, or entities, its officers, employees, or agents, or any other person. Sec. 4. This order shall be transmitted to the Congress and published in the Federal Register. BARACK OBAMA

Ok, I have read all the delete the zeros articles. I kind of get the idea that $1.00 USD = $1078.00 IQD. Delete the zeros $1.00 IQD = $1.078 USD. The rest of the talk makes my brain hurt. Will someone dumb it down for this old fart. (Worked in Iraq 6/2005 - 11/2006 and in Kuwait 11/2006 - 3/2013) I wrapped my head around Iraqis and Kuwaitis but not 'Delete the Zeros'.

This caught my eye. Kuwait (1800) soldiers. The number is more than 16,000 and almost double that for DoD contractors.

I hope the FULL parliament ( including the Kurds and the Sunni) will not stand with the 'Iran' friendly Shiite members, as the Shiite were the only ones present for the vote. It was a non binding resolution, but it could change with the right support. Keep your fingers crossed that the rest will vote it down. My real question is how would the 'new' money affect our old dinar? Could it cause a problem cashing in? Despite my newbie assignment I've been here since 2010 and holding Dinar since 2006. Spent 7 1/2 years in the Middle East.

I don't want to sound negative, so I will do my best. First as I understand it all of the i's are dotted and the t's are crossed. Yes or no? The price of crude oil has been at or above $60.00 a barrel. That was a requirement? Yes or no? The Kurds are to be compensated and they are on board. Yes or no? Is there anything else that truly stands in the way? I have had my Dinar for 14 years and believe that everyone both here and in Iraq would benefit from the RV. Are they just disorganized or are they waiting on something else?

DWitte, No offense to anyone, but if you want the real Belize and not the resort Belize, go west. I live in Santa Elena across the Macal River from San Ignacio. The people are real the food is real and if you act respectfully you'll enjoy the joy of this wonderful country. There are no chain restaurants and their idea of fast food is definitely not American. Nice places to stay are Hode's Place, The Aquada, Cahal Pech Village, Midas Belize, Martha's Guest House all within a short walk or quick shuttle of downtown San Ignacio. Good food is both indoors and outdoors everywhere. Just remember that if want American food you'll pay for it. Local foods are a major part of who we are.

Thanks for the post. I just talked to a friend working in Iraq today and the Dinar came up. I referenced some of the more sane post from Dinarvets and there were smiles al around. On another point, when you come to Belize give me a shout. My wife and I live in Santa Elena, Cayo District. Yes, it is a beautiful place to live.

I have read hundreds of posts pertaining to tax on Iraqi dinar. They all talk about capital gains and investment in the Dinar. All of my Iraqi Dinar were exchanged by a broker in Kuwait when I worked there as a DoD contractor. All of my Iraqi Dinar were exchanged for Kuwaiti Dinar at a Currency Broker that exchanged multiple currencies. I did not invest in Iraqi Dinar, I simply exchanged Kuwaiti Dinar for it. I made my last exchange in 2011. Why would I owe tax on a currency exchange?

I get tired of all the BS. Yes, it was about the oil. Not for us, but for the rest of the world. We have all the oil we need in the western hemisphere. Without the flow from the Middle East the price of oil for everyone goes through the roof. We needed to secure the oil for all our friends and enemies. It was first OIF-Operation Iraqi Freedom, Then it was OEF-Operation Enduring Freedom. It was the Left Wingers that called it OIL-Operation Iraqi Liberation, to belittle the efforts by our brave soldiers and all their sacrifices. So you know, I was in Iraq with the 305th and the 872nd from July 2005-November 2006, then in Kuwait from November 2006-March 2013.