Is Ali making a profit? I'd say yes.

[djgabrielie]

I thought I would take a look at where I was in this investment. So I cobbled some figures into a spreadsheet and thought I would share them.  We can only hope that the IQD will be recognized in banks and exchanges as a tradeable currency.  It was also interesting as to the rate on the 10th of Feb to today.


Oanda Values 1:1 USD/IQD

10-Feb        15-Feb

1133.50      1173.00       

Oanda Value /Mil IQD

$882.22      $852.51

                   $830.00    Dinar Trade Buy Uncurculated
                   $980.00    Dinar Trade Sell 25k Uncirculated
                   $150.00    Margin

 
                   $859.11    CBI Buy
                   $857.63    CBI Sel
                       $1.47    Margin

[SgtFuryUSCZ]

***///

 

Ali is no fool....

 

Beats selling carpets in the suq. 

 

 

[dontlop]

I don't think he's buying direct from the cbi at that rate

What he pays to get dinar into his hands in the USA I don't know

At first I saw the expense unless it was just mailed here

Now I see those who seem to be pushing for us to sell back our dinar

That would mean they would get them at around the cbi price

Then if they resold them they could double their profits on the same dinar

I can remember back years ago how they told us to take care of our dinar now they want those dinar back in uncirculated condition

I've heard if the serial numbers weren't in sequence they were concidered circulated and you get less for them

Then if they are in good condition they can resell them as uncirculated new notes again

A dinar

Shouldn't lose its value if it was folded in half

Oh well

I'm with you and hoping to cash in at a bank some day

The spread of around 15 to 20 % may in the end be returned to the dealers

They did say they were going to raise the exchange rate by 20% to cover the new import tariffs

If he had a million customers he made around a hundred million dollars

[Captjohn]

I heard that if there is no RV/RI, dinar will be toilet paper and, therefore, considered circulated or "used".

[Djorgie]

Interesting...

 

Personally I am not really concerned with HOW much he or any of the dinar dealers are making really. I mean they got into the business of selling dinar to MAKE money so, good for them.

 

I just wish WE could MAKE some money here!

[MyLadiesDaddy]

Is that a bad thing?

[djgabrielie]

The point is that he does deal directly with the CBI or at least he did when I purchased from him in 2010. The interesting things are the following:

 

They sell certain denominations at different prices.

There is a price difference between circulated and uncirculated.

There appears to be no tie to the market rate at the CBI.

 

So now I am in the process of finding out exactly what I paid for my IQD in 2010 and if I would be losing money if I intended to sell it through DT today.

 

At least wait until it is Internationally Recognized and Traded IMO.

[Benjamin NutnYahoo]

Ali may not be a fool but what about those suckered into buying?

[dontlop]

Well if he made around a hundred million dollars he could afford to pay pumpers

A million dollars could hire around 33 people at around 30 grand a year just to post all day long

Three shifts with 10 people posting 24 hours a day

Hey its gonna rv this weekend I can't reveal my sources lol

And that's with just one million dollars but you would think at least one would of come clean anonymously

So I don't think that was going on