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dinarham
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Posts posted by dinarham
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Dinar sellers still can't seem to get their hands on the 10k ,5k notes on down that are uncirculated . I check this almost daily and even call .No response . Some sites still display the 50 which was withdrawn 2 years ago . These big denoms just don't jive with other international currencies . The 50s may have been withdrawn to be reprinted in polymer so they can work in atm's . In my mind this points to an inevitable rv . I would welcome any info that proves me wrong about what uncirculated notes are available .
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There seems to be no definitive advise on this subject other than Tank Dude's . "Find yourself a good tax attorney " is where it appears to sit . Thanks ,Tank Dude
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23 hours ago, tankdude said:
You might want to take a look here -
I believe this quote makes it about as bottom line as I can find...but remember, in this case the jury is still out and you will need to talk to a good CPA or Tax Attorney (which - being a VIP - I will surely get a list of from Mr. Montana once this pops...)
"Foreign currency exchanges are either dealt with under Section 1256 or under Section 988 of the Internal Revenue Code. Section 1256 is set up for gains on contracts (futures & forward contracts) made by investors in widely traded currency. Since this is not a widely traded currency and since it is not under contract, Section 1256 does not apply.
The IRS Publication 525 that you referenced mentions a "Personal Transaction" above $200. (By the way it is on page 33, not page 30) This language comes directly out of Section 988. However, what you are doing is not a personal transaction. Personal transaction as contemplated in Section 988 specifically excludes anything done for the purpose of producing income (referenced under section 212). A "Personal Transaction" is one where you exchange money for your trip to Belgium and when you get back you exchange it back. Everyone on this board is holding currency for the purpose of producing income. That is not a "Personal Transaction" but is an income producing investment transaction. Therefore, it falls under the rules of Section 988 and is Ordinary Income."
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Poker Player ,no worries , the USA has tons of muscle over there as well as other countries with a vested interest
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2 hours ago, md11fr8dawg said:
As a Platinum member for many years (as well as my wife), I believe it is money well spent. First, the ground work has been laid and the effort made to help us protect our investment and save on taxes when this thing finally pops. I believe there is much more to come after the RV that will really make you think the initial investment in VIP was a "no brainer". To me, it is worth the money because every dime of tax I save and put in MY pocket, keeps it from going to our unethical, immoral, criminal government, who are just gonna squander it anyway. I will put that money to much better causes then they EVER could. JMUO.
What tax ? Sorry to change the subject slightly , but many have been wondering what kind of tax we may be subject to . As far as I know ,there is nothing in the tax code presently that addresses tax on profits of currency exchange ,and tax can't be retro active . Is it somewhere in the new tax code ?
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Now the CBI website appears to be messing with my head .When you go to the scroll at the top of the page and click on work shops pertaining to the buying and selling of foreign currency , you read such a gobble d goup of crap like you've never heard . Sincerely , from Dinarham , purveyor of weird information
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Maybe there is some logical reason for this , but today's currency auction is to be executed for 20/20 /18
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3 hours ago, pokerplayer said:
I am not following ? I hit the English translate button and everything seems to translate ?
I went down the rabbit hole of the cbi website posted above and found something I had never seen before concerning damaged bank notes , written In perfect english . One point covered " burnt or BURIED notes . Ha !
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Ahh ,the fake $1.46 rv debacle about ten years ago . Went to bed rich and drunk ,woke up poor and hungover
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Don't look a gift horse in the mouth .
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Obama's "strategic patience " policy , or the "do nothing ,it's so easy " policy was responsible for many deaths . He was more interested in keeping his campaign promise than saving lives
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Currency is a legal contract .If you want to invest in Iraq ,buy dinars . Rumor has it that Warka is selling shares for one dollar . , one dollar iqd or US $ ?
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It's been over two weeks and still no uncirculated 10k on down is available for purchase . However one site did have the circulated notes for sale even though I kept pressing the "uncirculated " button . So far I haven't received any call backs from other dealers about my request for uncirculated notes even though my purchase price was way high ,and you would think they would jump on that . Go figure .
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This news could not be better . It would be impossible to accomplish as the dinar stands . I laugh at the physical logistics as I explore them mentally ,then my head starts to spin. So 317 billion { dinar or US $ ? } equals 12% ,so roughly 88% would come out to over 2 trilion . With 33 million iraqi citizens ,that's not bad . The percentage may have been based on population ,fair and square .
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Good news all around ,The "thousand points of Light " are converging in spite of all the crap thrown at it . No more "strategic patience " . After all these years , I l believed that "infallible " and "watermelon " were people .working for iraq , top secret and wielding incredible influence . Just jokin'.
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What a ride this has been ,and what a ride that lay ahead before us . After 15 years ,this has not been a " get rich quick " situation . Go RV ,and may you come out higher than Kuwait .
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Keep suckin' in that dinar !
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What did I do ??? So So sorry ,I'm a techno idiot no doubt
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Synopsis , clicked on that link and Boom , plain as day there it was . I also clicked on Iraqi News and there it is ,currency auction on their front page . I always go to the cbi website right below the sponsored line and written in Arabic . With two official websites it is confusing for some folks . I clicked every button option on their web page and could find nothing concerning recent auctions . I sense a deliberate effort on the part of the cbi to confuse rather than straight out lie .I have learned the hard way that this behavioral dynamic transcends from individuals to entire nations . It;s true !
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dinarham
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WHAT'S UP THE GOOFY DATES ON PREVIOUS AUCTIONS .SOMEBODY MUST HAVE BEEN ON CRACK ,OR IT WAS MEANT TO CONFUSE
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dinarham
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I'm sorry if my comment did not please everyone . Of coarse it may be nothing ,but dates are juxtaposed in a way that is confusing and unprofessional .Take a look yourself .
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Synopsis
I'm sorry if my comment did not please everyone . Of coarse it may be nothing ,but dates are juxtaposed in a way that is confusing and unprofessional .Take a look yourself .
I am not sure who is trolling You, Dinarham, since this is a valid thing to watch. Here are the results from today that are the same from last Thursday:
Foreign Currency Selling Window for 31-12-2017 that performed on 28-12-2017
Announcement No.(3602)
Sale Date - 31/12/2017 that performed on 28/12/2017
DetailsAmountTotal sale for the purpose of strengthen outside assets (Transfers and credits)129,030,013Total sale cash51,550,000Total sale amount180,580,013Note:
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Selling price of remittance money to bank accounts outside is (1190) ID for each Dollar.
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Cash selling price is (1190) ID for each Dollar.
Here is a list of the previous auctions for December 2017:-
Foreign Currency Selling Window for 31-12-2017 that performed on 28-12-2017
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Foreign Currency Selling Window for 28-12-2017 that performed on 27-12-2017
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Foreign Currency Selling Window for 27-12-2017 that performed on 26-12-2017
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Foreign Currency Selling Window for 26-12-2017 that performed on 25-12-2017
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Foreign Currency Selling Window for 25-12-2017 that performed on 24-12-2017
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Foreign Currency Selling Window for 24-12-2017 that performed on 21-12-2017
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Foreign Currency Selling Window for 21-12-2017 that performed on 20-12-2017
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Foreign Currency Selling Window for 20-12-2017 that performed on 19-12-2017
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Foreign Currency Selling Window for 19-12-2017 that performed on 18-12-2017
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Foreign Currency Selling Window for 18-12-2017 that performed on 17-12-2017
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Foreign Currency Selling Window for 17-12-2017 that performed on 14-12-2017
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Foreign Currency Selling Window for 14-12-2017 that performed on 13-12-2017
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Foreign Currency Selling Window for 13-12-2017 that performed on 12-12-2017
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Foreign Currency Selling Window for 12-12-2017 that performed on 11-12-2017
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Foreign Currency Selling Window for 11-12-2017 that performed on 11-12-2017
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Foreign Currency Selling Window for 10-12-2017 that performed on 7-12-2017
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Foreign Currency Selling Window for 7-12-2017 that performed on 6-12-2017
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Foreign Currency Selling Window for 6-12-2017 that performed on 5-12-2017
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Foreign Currency Selling Window for 5-12-2017 that performed on 4-12-2017
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Foreign Currency Selling Window for 4-12-2017 that performed on 3-12-2017
https://cbi.iq/currency_auction/all
The only two that are odd for December is the December 11 currency auction that occurred on the same day and there was not a currency auction on Sunday, Decemeber 31 for Monday, January 1. For the past several months to over a year or so, the currency auctions for a particular day are for the next business day. Since the business week is from Sunday through Thursday, the Thursday currency auction would happen for the following Sunday.
For this past missing currency auction for Sunday, December 31, 2017 and Monday, January 2018, it may be because of year end so tomorrow may be an indicative day of good things to come for the stopping of the currency auctions.
Sure is Lookin' Good, Though!!!
Happy New Year To You, DinarHam!
Go Moola Nova!
dinarham
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SYNOPSIS , THANKS , NOTICE 3695 OF THE CURRENCY AUCTION GIVES THE DATE 20/20/17 . PRETTY CARELESS i WOULD SAY CONSIDERING THEIR LATEST AND GREATEST BANKING SYSTEM . IT MAKES ME QUESTION THE WHOLE THING .
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Synopsis
SYNOPSIS , THANKS , NOTICE 3695 OF THE CURRENCY AUCTION GIVES THE DATE 20/20/17 . PRETTY CARELESS i WOULD SAY CONSIDERING THEIR LATEST AND GREATEST BANKING SYSTEM . IT MAKES ME QUESTION THE WHOLE THING .
DinarHam AND Happy New Year! 
I ran out of emeralds so I'll have to stop back later. Here's some for now+++++++++++++++++++++++++++++++++++++++++
Go Moola Nova!
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ChuckFinley
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Got your back there Synopsis.
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Synopsis
Got your back there Synopsis.
Happy New Year, ChuckFinley!
Thank You!
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coorslite21
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Looked earlier today.......they had spots listed for 1-2 and 1-3.....both were left blank.......it is my understanding that the CBI is closed today.......Tomorrow may tell the story.....
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dinarham
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MY COMMENTS HERE ON THE SLOPPINESS OF THE RECORDS ON PREVIOUS AUCTIONS MAY COINCIDE WITH THUG'S POST .
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dinarham
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What is going on with the currency auctions? There appears a completely new format selling bonds to foreign countries . I don't understand it ,but it indicates that 3/13/18 was the last update
Synopsis
Here is the latest auction results:
Foreign Currency Selling Window for 18/3/2018 that performed on 15/3/2018
Announcement No.(3656)
Sale Date - 18/3/2018 that performed on 15/3/2018
DetailsAmountTotal sale for the purpose of strengthen outside assets (Transfers and credits)157,230,472Total sale cash42,880,000Total sale amount
200,110,472Note:
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Selling price of remittance money to bank accounts outside is (1190) ID for each Dollar.
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Cash selling price is (1190) ID for each Dollar.
The work day is Sundays through Thursdays and the currency auctions run the day prior. So, Sunday, March 18's currency auction occurred on Thursday, March 15.Go Moola Nova!
dinarham
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TY , Synopsis . I clicked on currency auctions and it came up with this stuff . Didn't press the right button ,so how do i get there?
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Synopsis
TY , Synopsis . I clicked on currency auctions and it came up with this stuff . Didn't press the right button ,so how do i get there?
The Best Of Your Weekend To You, Dinarham!!!
I am trying to understand Your question. I posted the link, did that work for You? Alternately, You can go to:
www.cbi.iq
Then, if You scroll down to the four horizontal pictorial icons right above the Exchange Rates and click on the second from the left (Foreign Currency Sell Window) You should get to the same place.
Right under the last listed currency auction results, there is a button labeled:
Click here to view the previous auctions where You can go to get other previous currency auctions. Hope This Helps. Go Moola Nova!
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TY , Synopsis . I clicked on currency auctions and it came up with this stuff . Didn't press the right button ,so how do i get there?
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What is going on with the currency auctions? There appears a completely new format selling bonds to foreign countries . I don't understand it ,but it indicates that 3/13/18 was the last update
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My question is ,what ministry of defense ?
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It was a figure that was kicked around almost 15 years ago . Apparently the cbi accidently leaked it out .There were quite a few believers on Dinar Speculators website ,which I believe is defunked now because Med had a propensity to kick people off if they made him look srupid
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I love to think about the IQD and ATM's . the physical limitations of atm's as this currency stands would have to be HUGE . Take a wheel barrel with you {cost $25k US ] because you will need it . Hopefully you have a family member or friend who will loan you a wheel barrel because you will need a wheel barrel of dinar to buy a wheel barrel . You may extrapilate this on down because it is ridiculous and unsustainable . No wonder the 50 note dinar withdrew from circulation .For one thing , they were completely worthless , but now they are being reprinted polymer to fit into the atms . For almost two weeks now I have reported that there are no uncirculated 10k,5k on down available to buy .I can imagine that the cbi is sucking in the circulated 10k ,5k as best they can ., because they still hold their value , but they don't jive with most int'l banking . You can buy 25k uncirculated . Apart from that , I believe the rate will be higher than Kuwait Any $5.26 folks out there ?
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Iraq progresses to four Gulf states in the classification of total money supply (N 1)
in Iraq & Dinar Related News
Posted
What is interesting is the relationship between Iraq and Kuwait . Iraq ,49th ,Kuwait 60 . Makes me go hmmmm . And this when the dinar is worthless?