gman51

In the U.S., the only way to avoid paying income tax is to denounce your citizenship. Would not be worth it to me. I am a CPA an very grateful for the education I received here in the U.S.A. not to mention we live in the greatest country in the world, plus, too many men and women have fought and died to protect our rights. I would somehow feel like I was letting them down, if I denounced my citizenship just to avoid paying taxes. That would be greedy. JMHO Now that is the most intelligent and practical idea I have heard since being involved with this investment. BRAVO SMEE2

I have to agree with Tiffany on this one. I have done taxes for people who have worked out of the country and was surprised to discover that they still had to pay U.S. taxes on that income. It is the "residency" of the person that matters here, not the location where they earned the money. They would have to give up their citizenship to avoid paying taxes. I am a CPA and I still advise you to contact a tax attorney to confirm this.

I don't understand why they are borrowing 10 trillion dinars when they already have 32 trillion in assets?

Hey Keep, I went to this website the other day that showed a graph of the Dinar exchange rate all the way back to the 1940s. It shows the Dinar at over 4.00 in 1940. Are you familiar with this website? www.edinarfinancial.net Check it out and tell me what you think.

This is no surprise to me. I have been under the assumption that this is a longterm investment since I first bought in early 2004. I gave it 10-15 years to pay off and that was 7 years ago. I see it being 3-8 more years before any significant increase in value. But I do admit, secretly, I have been hoping for it to happen sooner.

Not everything in the news pertains to Iraq or the Dinar. Come on guys, don't read too much between the lines here.

Actually, the Iraqi Dinar was valued at or above 4.00 long before Saddam (In the 1940s). Check it out. www.edinarfinancial.net

Wow! You said HE was being condescending. It is interesting how quickly things can get off topic when people disagree.

Brisco is right on this one guys. From 1932-1949 the Dinar was at its highest point, 4.86, when it started its steady decline to 2.80 in 1971, then for the next 15 years or so it ranged from 2.80 to 3.22 when in 1986 it started to decline once again all the way down to .33, where it stayed until 2003. We know what happened from there. These rates are what the Dinar traded for on the World Market. I found this on the same website as Brisco above. www.edinarfinancial.net

In all my years in this investment, and all my time on this site, I have never once seen a rumor come true. Not once! The rumor section is a waste of time, as far as I'm concerned. If I wanted to be entertained, I would go to a joke site. I guess I don't have to read them, do I. Just blowing off a little steam. Not really mad. God Bless

Take it from a CPA. This information is exactly right. Maybe your wife, or ex-wife, could just make a copy of the certificate so you both have one.

You do know that the lower the number, the more valuable the Dinar becomes right? 1168 is worth more than 1175.

This story is awfully fishy. This person has not responded to anyone's post here. Looks like they are running out of options to sway peoples minds on this investment. I, for one, don't believe a word of this story. I can't understand the mindset here. What is this person trying to accomplish? Someone please help me understand the purpose here.

That doesn't mean anything, Madoff was on the news and investment programs numerous times before he got caught.

Unless those governments are in on it.

According to this, there is no reason, at the present time, to do anything at all to the exchange rate of the Iraqi Dinar. Keeping it at the current rate has helped the rate of inflation to continue to drop. Until they increase their exports, considerably, there is no reason to change the exchange rate at all. Still a very good investment, as far as I'm concerned, because their goal is to increase oil output to 12 mbd by 2015. When that happens, the Dinar will increase substantially. As I've said many times before, I started this investment at the end of 2003 with the thought of it taking 10-15 years to pay off. I am still on track to meet that goal. It will pay off just as I am ready to retire.

Come on guys, lets play nice. Take a deap breath, and think about what you are saying. You are right about one thing, it is so unnecessary to resort to putting people down to make a point. When that is done, nobody sees your point of view, they just go into "protect mode", and they don't even care what was said about the topic. Take a chill pill tenente14. You haven't always known what you know now. People have a right to ask questions, no matter how many times it has been asked. If that bothers you don't read the post. This site is free. You don't pay a penny for it. If the mods let it ride, you should also.

Many people are going to respond to this by saying nobody knows. But, the truth is, there is a formula that is used to calculate a suitable range for an exchange rate of any country. It is very complex. It takes into account many factors such as GDP, Oil prices per barrel (for Iraq), imports and exports, just to name a few. There are many, many more factors that are considered by a country when they are calculating their possible exchange rate. The "country" is in charge of that rate, and noone else.

This is a good scenario, but think of this: let's say that 1 billion is turned in, in the first round, and speculators then buy 10 billion, knowing what the GOI is trying to do. The GOI would LOSE A BUTTLOAD of money in this scenario. I am sure that the professionals are watching and waiting for something just like this to happen. That is why an RV at a higher rate seems more feasible and less risky to the GOI.

Actually there was a $100,000.00 note at one time. They were "Bank Transfer Notes" but legal tender. There used to be a display of ten of them in a window at the Horseshoe Casino in downtown Las Vegas. I saw them with my own eyes.

Ancient Mesopatamia, where Iraq emerged from, has the oldest civilization on the planet. They had the first written language, the first to use upper level mathmatics, the first government, and the most educated race of people the world has ever known. Iraq and Turkey have the oldest libraries on earth. They are far from being barbaric. These are the cultures that are studied in advance university classes. I know they seem old fashioned to us, but do not be fooled, these people know exactly what they are doing.

Sadly, you are more right than most on here. I do believe that the Dinar will rise in value gradually over time. It is a long haul investment, much like the stock market. Invest and forget about it for about 30 years. If you watched the stock market everyday, like we do the Dinar, you would be going just as crazy.

I think what people are trying to say is this: If it LOPS, it won't matter what denoms you have because they will all change in value, not just the larger denoms. It is impossible to change the value of one note and not all the others. It would be an accounting nightmare. That is why you hear about a new currency being printed along with dropping the 3 zeroes. The two would go hand in hand.

First of all if you are talking to me, I am a CPA for the Government and don't have a business to promote. I have been on this site from day one.I went to the Government Website that has the the order in full as it was written in The Federal Register and I don't see anything bolded anywhere. What is bolded is someone's "interpretation" of the order, not the order itself. I am "extremely" offended at your statement that I am a pumper. I have a masters in business admin, and am currently worlking on my PhD. I am not that stupid, nor am I that dishonest. I would appreciate it if you would refrain from throwing that term around as though it means nothing, when pertaining to me in the future.

I am suddenly very concerned about my investment. I just went to the Federal Register and read Presidential Order 13303. This is the order that is supposed to give U.S. Citizens the right to invest in Iraq, including the Dinar. Well, I read it from start to finish and there is absolutely nothing in it that pertains to Dinars or U.S. Citizens investing in Iraq. The order's purpose is to protect The Development Fund For Iraq, period. All this time, I have just taken everyone's word for it. This is the first time I read it for myself. I am flabergasted, to say the least. I may have been duped pretty good. Although, I have not been able to verify anything that says we cannot invest or remove Dinar from Iraq, this is still very confusing. That order says nothing at all about the Dinar. Somebody, PLEASE, prove me wrong here!!! What am I missing?