asteckler

So sorry to hear, I also enjoyed her knowledge and insight.

My thoughts on whether to expect an RV, or redenominate, or lop.... Maybe we need to look back to the previous currency and how its value changed over the period of time that got us to this value. The Saddam notes I'm talking... So with the invasion and fall of Saddam, and the following new currency (now current currency) was it a 1 for 1 conversion rate? Did the wealthy, and businesses, and whoever at that time exchange to the current currency at a 1 to 1 rate? If so, I would think that they would want to keep that in line. Did the value fall as an immediate function, or was it an avalanche of inflation that can be turned back upward? Not sure if the past can be any indication of what may happen here, just something to ponder as we all ponder this ponderment....

In the meantime, where do the profits go? Obviously someones pocket, and I'd guess it just isn't quite full yet!!

Maybe to supply the car-bomb makers?

Thoughts and prayers go out to you both, and anyone struggling to get a grasp on any conflict. We are surely living in trying times, with unsure destinies. I thank everyone here for the camaraderie and friendships that seem to have developed. I don't post much, but read daily. I'm as interested in the people here as the dinar discussions. Prayers to all...

How about the ever-popular SOON!!??

Why doesn't the ATM tell me a story??

Sounds positive!! Fingers still crossed...

Here in South Florida I was able to purchase Dinar in my Seacoast National bank up to about a year ago, TD Bank as well I'm told, but neither do anymore.

Thanks! Things keep sounding better all the time! This April to June, on out to September time period seems very promising!!

Interesting in a way until the "Government UFO Involvement Disclosed" statement!!! Not that there is anything wrong with UFO's either... Just sayin'...

Silently hopeful.....

Nice!!!!

Thanks for that point of view Trinity, that makes sense. I was just thinking of the people on the street not being able access the new cash.

So shutdown the workers, I'm guessing the banks are closed perhaps? Banks closed would be quite an obstacle to any RV'ing to happen... So no RV until at least after April 1. But then, hard for us to imagine banks being closed for a week, or 10 days....

But what about the statement in the last paragraph....: " It showed that "new dinar will be printed also groups as large as the 100 dinars, equivalent to the current currency 100 thousand dinars, Read more: http://dinarvets.com/forums/index.php?/topic/110594-central-bank-began-printing-iraqi-currency-after-deletion-of-zeros/#ixzz1pfXLKQOQ That is sounding frighteningly like a lop...

A nice shinney new set of 'spinners' for all camels!

Anyone remember if the UN had a delagate visiting the National conference, or Summit? If so, could they be planning an anouncement on Ch7 or?!!

When I purchased one particular batch of dinar from one of my banks here in south florida, I went to the teller for the transaction (my purchsase), then when they came in, and I picked them up from the same teller, I asked how do I go about selling them back to you, and she simply stated to just bring them back to me (being the teller) and I (she) would look up the current exchange and have it deposited into my account. After whatever fees/spreads of course... Hopefully it is going to be that easy, however I recently heard a friend at work attempted to purchase more from the same bank and was told they are no longer selling or dealing in dinars... So I am a bit nervous... But from my readings here it is some peoples opinion that once an RV happens most, if not all banks will jump into the dinar business, which sounds logical... Just my minor experience, but hope it gives you some ideas. Andy

I was wondering if someone who has experience or knows someone who is/was in Iraq... How does the dinar compare to the dollar currently "on the street"? Like, if I went to a bakery and bought a loaf of bread with a $5 US bill, would that same loaf of bread cost <approximatly> a 5K dinar note? I'm not a 'lopster', but I'm just trying to get some logical 'feel' for the value of the dinar. On the other side now, does anyone know what the exchange rate of the 'saddam dinar' to the current dinar? Was that done at a 1 to 1 exchange? If so, if I were a person of wealth there at the time exchanging a million saddam dinar to the current dinar 10 (or?) years ago, I'd be pretty pissed if my million 10 years ago was now worth one thousand dollars. There has to be some preservation of wealth there I would think, logically speaking anyway... and of course that was assuming a 1 to 1 ratio on the past redenomination... Any thoughts? Does it even matter? I guess they can do whatever they want... Thanks andy

Lets see... the Tee is never tall enough, the grass is always too long on the approach, the sand is too deep, and the greens too long. Plenty of areas to improve upon in retirement time to keep me busy for a long time!

Hi Adam, somewhat of a newbie here, I try to read alot, but can't post too much as I'm supposed to be working... Anyway, a quick question: I think I saw it posted here once but what was the rate transfer when they went from the old Saddam Dinar to the current Dinar? Was that a 1 to 1 exchange? Then assuming it was, if I were, say a Saudi king (or anyone/country/institution) holding a pile of "saddam dinar" 10 or so years ago being traded for the current dinar back then, I sure would be upset if I were now being given anything other than the same 1 to 1 rate, or whatever it would take to keep my wealth intact. Do you have any thoughts on that?

Flyboy, your comment of: "and another thing to consider; why would the US have invested so much into this if they thought they would just break even or there-abouts? Wouldn't do much to help our country or anybody elses that has invested. " ...is exactly why I invested in this 7 years ago in the frist place. Wasn't there also a comment by Prez Bush (or ?) at one point that this would pay for the war or something to that affect?

Pegged to the dollar for a period of time (2 years) for stabilization, then remove the training wheels??

I agree as well, the more I read the articles, the more interesting this is becomming!