Goodlife

Its done every day in every city in every country in the world. many times nonsense is not seen as nonsense until revelation (or revaluation) occurs to alter the view point. Have you ever believed something which was later seen by yourself as completely false - but you still believed it at the time and wouldn't be talked out of it. This world is full of lies, deceit and nonsense. Maybe most of us are having nonsense conversations in Gods eyes because they lack understanding.

You are talking about a fiat currency model with no solid trading income. The oil of Iraq is in the ground just like un-mined gold. Gold needs to be out of the ground to back a currency. It has little effect on the currency under the ground. I have one of the largest denomination notes ever printed in the world. It is a Nigerian 100 trillion dollar note. Not legal tender any more. This gives you an idea how insane the fiat system can get. If Iraq did not produce significant income and sat on the oil then the Newly rvd IQD would collapse. Iraq has to produce, trade and develop big time to give the speculated rvd currency worth otherwise its just numbers and paper without substance - just like the 100 trillion dollar Nigerian note.

No X just a rocking chair.

If Iraq introduces lower denomination notes as part of the process then all denominations will have to be exchanged as the new notes will be different to the existing ones (according to the information that has been presented by the CBI ) . So it shouldn't make any difference what note size you have as they will all need to be exchanged for the new Notes.

They havent as far as I know. Mind you I dont bother checking my US account for interest as the amount in there is so low.

Thats right. Receiving interest on time was a very good sign. If they were going to pull some sort of trigger at the end of Dec then interest wouldnt have been credited. Its business as usual. Iraq doesn't do "on time" anyway.

You got advised by a currency dealer :lol: You lost me right there

I believe that 10cents is a realistic starting point. Iraq isn't Kuwait. Far from it. Iraq still has political infrastructure problems and hasn't released the people into free market economics. I dont think they know how. Still working with dictatorial, overbearing and bloated state govt mentality. Huge potential in Iraq but change is required to kick it into gear. There is no way that Iraq can stand a high value IQD straight up with the current set up. There has to be a major attitude shift and corresponding action. Iraqs political operation is a global joke. They started off by setting a new world record for the time it took to establish a govt. That says it all. Dont despise small beginnings folks.

Yes, I went looking for it as well. Nice to see it credited and usher in the new year. Some relief for us in that it is a good sign the interest was credited out under the current financial situation. At least while we wait it builds. Thats one major benefit over cash. Time works for us. Best wishes to all the Warka bank investors for this year.

The Iraqi politician in the clip doesn't give me any confidence at all. Almost wish i hadn't seen it. What a pill. His arrogant nature is what stirred up the anger. Iraq hasn't changed at all if this is the caliber of politician being represented. No hope of a good country unless these guys get replaced.

I care that you spell correctly.

Yep, time will tell. You keep making comments about Warka closing soon. Its a bit morbid and negatively self serving. I Dont understand your motive as your repetitive negative comments are not useful or informative. Its not cool to deliberately try and add stress to peoples lives. How about putting a cork in it for awhile and let it play out.

What a depressing post on Xmas day. Did you not get any presents? Iraq doesnt do "on time". So I wouldn't watch the clock.

Warka is still under guardianship so no money coming out until issues resolved. Investment isnt ready to be cashed in irrespective of Warkas situation. It makes no difference to me if Warka ebbs and flows as long as the investment is secure. I wouldn't pull it out if they said yes. Defeats the purpose of putting it there in the first place. Lot of you Warka na-sayers dont understand why warka is a good vehicle ( providing it doesnt fold, which I doubt it will) for holding Dinar. It is far superior to holding cash when calculating returns and the important ability to convert to USD in an instant to take a RV and possibly swap back if there is significant see saw movement. Great flexibility. No big losses incurred with spreads when doing this as the currency doesn't have to be sold . Just converted internally via Internet banking at our leisure in our time. If Iraq rvs in country only, then warka is trumps. Remember the last time they changed their notes it was in country only. I get interest which compounds. - If the bank folds then interest is meaningless but it hasn't folded and the plan is still valid. There is a yawning gap between what a managed warka account can do compared to holding cash. Having both Warka account and cash hedges. I dont have cash because I have no where to cash in and cant transport easily through international customs. No one is going to talk me out of the plan. The plan is solid. I am hoping that Warka can also be financially stable and solid. But there is no other Iraqi bank to work with so Warka is it, warts and all. Thats the way it is. So let it play.

Good stuff Have a happy Christmas day everyone.

Interest payments soon. Thats one thing cash doesnt do

Make you wonder if they will ever gona be out of it !!?? Read more: Chapter 7 repayments to Kuwait finish in mid 2015 at current oil prices. There is an end but Iraq has to pay for their crimes. They might try and settle early. Cant see the UN letting them off early without coughing up. Iraq has already been let off with billions from the Paris club. The end is in sight folks. The good news is that when the repayments end there will be an extra 5% of their oil income for them to play with instead of paying it to the Kuwaitis.

That would be nice, but I think its up to the first 5k then other preferential creditors take their share. Its just another story in this saga. Its a bit like a soap opera. I believe its going to have a happy ending. A bit of faith and some testicular fortitude is required.

The statement "its not over until the fat lady sings" should be applied here. Warka is still the better investment if there is an in Country RV. The bank just needs to stay afloat. I very much doubt anything negative will happen to Warka by the end of the month. When was the last time Iraqi officials did something on time with something like this. They created a world record for taking so long to form a govt! If it does happen to RV before then then it should help Warka.

I beg to differ, The CBI and other Govt officials have stated many times that they intend to increase the value of the IQD. That is revaluing. Changing or increasing the value is revaluing. They have done this in the past and I expect them to do it again. Loping zeros does not achieve that. One plan was to revalue to 1000-1 then drop the zeros. A small gain but never the less a revalue first.

Simply put you cannot make absolute statements like you did. The game is over when its over and not before. If indeed Warka cannot find its way out either through a timely Rv, big loan or another investor, then maybe The CBI might come in and run it or nationalize it. There is absolutely no point in the CBI closing down a strategic banking asset like Warka. 200 million is chicken feed to the govt of Iraq. It was the CBI who crashed it in the first place by removing big pay rolls and banking from warka thus creating a scare and run on deposits with the public. I remember the occasion. So I would has it a guess that the Govt has designs on Warka and maybe wants it cheap by knob-ling it deliberately. So everyone chill. Iraq is notorious for game playing and power plays. But it needs banking infrastructure and a bank that deals with international clients and thats Warka. Be kind to the poor and try to give away from yourself. A lot of people kill themselves at this time of year in despair. Dont write off your investment in Warka deposits. Have a pleasant Christmas and enjoy your family.

Kicking Jesus out of Schools was the beginning of the end. Take a look back and chart the slide. Americas greatness came because of its core Christian values. They are fast disappearing and the fruit of this move away from the foundations of America is very evident. very dark rotten demonic stuff happening. Selfish, greedy, potty mouthed and self centered. There is no Godly wisdom in all of this. Its just mean and nasty stuff. 50 years time if the country keeps tracking this way- scary. Wont be a place you would want to live in and nothing to be proud of. I dont live in the States I live along way away but one thing I notice is that Americans are proud of their country and the flag that represents it. I can see that slipping away even now. The problem is not guns. Its the heart of the people thats wrong that use the guns. The other thing is graphic cyber games that have real screams of dying people after killing them. Why would a person want to hear and do such things. It also dentistries the persons soul to murder and evil. Practicing it day after day like this young man did. There is no respect for human life when a person plays these games. Its not rocket science. Its all very simple.

You don t need a specialised application, you simply need to ask them to do this. The account is your IQD account number. The Branch is the main branch in Baghdad, Put your name on it that corresponds with the account name you have the account under. Agree to have the 15000 IQD deducted from your IQD account. Its really simple. Print it off , sign it then scan it as a pdf or jpeg file then email it to the e banking dept. Dont stuff about. You absolutely need your online account to run this investment through Warka. Its essential to be able to swap back and forth from IQD to USD when you need to once it starts changing value. My advice - Do it now.

I predict ................ more predictions Hey this RV better happen quickly the world supposed to end this month. Need a couple of days to pay the mortgage off.

A word of encouragement - Any RV or increase in value is not dependent on the removal from chapter 7. The Dinar has improved in value from 4000 :1 to 1170 :1 with the constraints of chapter 7. So they are unrelated. Expect to see some action with more improvement well before chapter 7 is sorted. The issue is the tradabilty of the Dinar internationally. Will you be able to cash in easily with the constraints of chapter 7? . Warka account holders wont have a problem because there is nothing to cash in. The gain is made by shifting currencies within the account from IQD to USD instant gain if the warka bank exchange rate is loaded according to the CBI improved rate when it does eventually shift. Getting it out is another matter though but at least the profit has been made. There is a bit to this investment and I have learned not to get sucked in by the pumpers. I, Iike many others digested every bit of "intel" I could find and inevitably got lead down the road by a few whom I trusted to know better but they just read positive into anything that moved, such was the RV biased . This is my take on it - The IQD politicians will try and increase the value but the country just isnt ready for it. Chapter 7 constraints are still there which dont help them. The country isnt very stable and corruption abounds. so we will be probably see an escalation of value as the bull run begins on the currency once they try and RV and then it will crash from profit taking etc. I suspect this will happen rather quickly. Then there will be a period of settlement and consolidation and eventually chapter 7 comes off. they have an extra 5% to play with as the repayments stop and the country lifts its profile as it eventually gets it act together so another rise will take place. I think Iraq is going to rush the rv relatively soon and it wont stick. Thats my 2 cents