No Compensation For Any Lost or STOLEN Currency by Order of CBI Law Article 34

[caz1104]

Not the "imaginary" family BS again.................I though Ewingnut finally cut ties with that BS story and admitted HE bought dinar and is now a "whiney sue" LOPster.

[Texstorm]

Ewingm I'm not concerned a whole lot about what I don't have right now and what I don't have is $3.00 a dinar......but if I did I'm sure there is some lawyer somewhere's  that would be more than happy to take up that battle, along the the IRS. Your sure put a lot of time into what- ifs and even if one day everything you stated was right what would you have to gain? That would be like me proving to my wife that i'm right most of the time (LOL).........see what that would get me. I've already spent my money because I had it to spend and the more people like you that think that they are trying to save people like me make me wonder what's in it for you?  Personally I think that your talents would be much better suited in religion then at least you would be serving a better purpose for mankind.

[dinarbeleiver]

I have found another source, Mr. Issa , who most of you know through dealings with Warka bank, who wrote a letter back to a US dinar holder in 2009, concerning the legality of holding currency outside of iraq.  Mr. Issa said that it was illegal to transport or transfer dinar outside of iraq, but laws in foreign countries (US), permit you to purchase the IQD.  In other words, if the dinar gets to the US, you can legally purchase and hold them.  BUT, that is not the issue here.  The issue is whether the CBI will consider overseas dinar as "illegally transfered" from iraq, and therefore null and void if a currency reform takes place.  That, for me, is a point of concern for my family members who hold substantial amounts of dinar.

I bought some of mine from tescos and natwest bank. Your saying they acted illegally

[caz1104]

Tex,

 

Now you've done it...........you're using sane logic............Ewingnut hates that. As for the church angle.............that's another part of his premise for being here. LOL 

[dontlop]

IRAQI DINAR

WorldLink® Payment Services has been making IQD payments on behalf of selected clients since 2006 adding to the exotic currencies suite. With the success established over five years, WorldLink has differentiated itself by having local expertise and strong banking relationships in Iraq. WorldLink is now offering IQD payments as a fully developed and proven offering to all relevant WorldLink clients.

While the US Dollar remains a widely accepted currency in Iraq, Citi’s cross-border payments specialists anticipate that IQD payments will gain an increasing foothold in support of foreign direct investments.

“Making payments into new countries doesn’t have to be risky or intimidating for clients; the liberalization of markets especially those in the Middle East and Africa are going to undoubtedly change the global economy in the near future. Providing payment options in local currencies is just one step towards building solutions for our clients looking to do business or invest further in these markets.” said, Michael Vallance, Global Head of WorldLink® Payment Services at Citi.

http://www.businesswire.com/news/home/20110921005243/en/Citi’s-Worldlink®-Payment-Services-Stays-Curve-Exotic#.VHNfT6Y8LCQ

Or

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a2EXaRHUDRK4

Citi’s Worldlink Payment Services Adds New Currencies

Citi logo 140pxCiti has announced that its Global Transaction Services unit has enhanced its WorldLink Payment Services to "support payments in exotic currencies, such as the Chinese Renminbi (RMB) and Iraqi Dinar (IQD). In addition, WorldLink has developed its network to support current and future exotic currency offerings. These enhancements allow for significant reductions in settlement time, increased visibility of important transactional details and a reduction of volume capacity against exotic currencies."

http://www.paymentsnews.com/2011/09/citis-worldlink-payment-services-adds-new-exotic-currencies.html

Duh what if they say that money was stolen

Duh

The New Iraqi Dinar (NID) - a free floating currency - was introduced in January 2004 together with a new monetary control system. There are no restrictions or taxes on the purchase or sale of currency; the CBI carries out a regular currency auction in order to stabilize the exchange rate, which now stands around 1300 NID to the US $. The NID is fully convertible and there are no restrictions on capital flows.

There is a multi-currency system in place where foreign currency freely circulates in the market. As a result checks are officially cleared at the CBI in all major foreign currencies, particularly the US$. http://www.iraqitic.com/iraqiTIC_policyEnvironment_en.php

[caz1104]

I won my Dinar at a church raffle run by Rev Jim Jones Jr........in Ghana. That church is long gone as is Rev Jim, its now a Longhorn steakhouse.....smh

[dontlop]

Duh

But what if they say those dinars are stolen

[rockfl9]

I bought some of mine from tescos and natwest bank. Your saying they acted illegally

Are they still selling ???? IF not WHY ? Maybe they got some LEGAL advice...

[Shabibilicious]

I called my bank to report a missing $20 from my pants........they told me I had to check the washing machine before they could commit to a replacement.    

 

GO RV, and NO BV

[dontlop]

Duh but what if they say it was stolen

[ewingm]

Dontlop, you're quoting "payments" being made.  That is not what Issa was talking about.  He and the Deputy Governor of the CBI were talking about currency being transported out of iraq for "other" purposes.  That being to be sold as speculative instruments overseas.  Most of you are on record as having said that you don't trust Iraq or the CBI officials.  I agree with you.  That is why looking at the language of the CBI laws is a relevant conversation.  The wording is loose for interpretation.  You must know that the CBI and iraqis in general, couldn't care less if you get shafted in their currency reforms.  You folks mean absolutely nothing to them, other than a potential drain on their reserves.  I am not in any way trying to "save" you people.  I am trying to engage in a two-sided debate on some of the issues.  That does not make me a "savior".  It makes me a concerned, skeptic who has a "dog in the hunt" through relatives.

Edited November 24, 2014 by ewingm

[dontlop]

Duh but what if they say it was stolen

The cbi issues money

They are responsible for all of it

It doesn't disapear

The laws are their incase a bank gets robbed they can't ask the cbi to replace it

Your lame attempts to discredit iraq and its currency system are getting old

Can you imagine if they did replace stolen money or lost money

The banks would be getting robbed twice a week

Heck Id rob my own banks

I'd open a chain of banks and rob them all twice a week

NEXT

[rockfl9]

IRAQI DINAR

WorldLink® Payment Services has been making IQD payments on behalf of selected clients since 2006 adding to the exotic currencies suite. With the success established over five years, WorldLink has differentiated itself by having local expertise and strong banking relationships in Iraq. WorldLink is now offering IQD payments as a fully developed and proven offering to all relevant WorldLink clients.

While the US Dollar remains a widely accepted currency in Iraq, Citi’s cross-border payments specialists anticipate that IQD payments will gain an increasing foothold in support of foreign direct investments.

Citi’s Worldlink Payment Services Adds New Currencies

Citi logo 140pxCiti has announced that its Global Transaction Services unit has enhanced its WorldLink Payment Services to "support payments in exotic currencies, such as the Chinese Renminbi (RMB) and Iraqi Dinar (IQD). In addition, WorldLink has developed its network to support current and future exotic currency offerings. These enhancements allow for significant reductions in settlement time, increased visibility of important transactional details and a reduction of volume capacity against exotic currencies."

http://www.paymentsnews.com/2011/09/citis-worldlink-payment-services-adds-new-exotic-currencies.html

Duh what if they say that money was stolen

Duh

Dontlop, we covered this before. No dinar crosses the border. Citi will take your DOLLARS here and USING an associate Iraqi partner convert to dinar and deliver to the Iraqi customer. Its all LEGAL

[dontlop]

Rock head

You are lost and are making things up as usual

So prove me wrong and back up what you said with credible links

Providing payment options "in local currencies" is just one step towards building solutions for our clients looking to do business or invest further in these markets.” said, Michael Vallance, Global Head of WorldLink® Payment Services at Citi.

Read more: http://dinarvets.com/forums/index.php?/topic/191374-no-compensation-for-any-lost-or-stolen-currency-by-order-of-cbi-law-article-34/page-2#ixzz3K0aD3JEL

Providing payment options in local currencies is just one step towards building solutions for our clients looking to do business or invest further in these markets.” said, Michael Vallance, Global Head of WorldLink® Payment Services at Citi.

Read more: http://dinarvets.com/forums/index.php?/topic/191374-no-compensation-for-any-lost-or-stolen-currency-by-order-of-cbi-law-article-34/page-2#ixzz3K0aD3JEL

NEW DELHI: Faced with declining value of rupee and volatile exchange rate, India is exploring the possibility of bilateral trade with Iraq in domestic currencies, Commerce and Industry Minister Anand Sharma said today.

The issue of payment for trade in local currencies will be discussed during the bilateral meetings between visiting Iraqi Prime Minister Nouri Kamil Al-Maliki and Indian Ministers.

"We are exploring possibilities (of payment in local currencies -- dinar and rupee) as we have substantial import ... We will definitely be discussing this issue," Sharma told reporters here.

India-Iraq bilateral trade currently stands at around USD 21 billion.

Speaking at function organised by industry chambers, visiting Prime Minister Al-Maliki invited Indian industry to take advantage of the business opportunities in different sectors like agriculture, health and education in Iraq.

"I invite Indian companies to invest in Iraq. There are great opportunities and wide avenues in different sectors," he added.

Payment for trade in local currencies will to some extent help India in dealing with the exchange rate volatility and declining value of rupee, which yesterday slipped to a lifetime low of 65.56 against the US dollar intra-day.

http://articles.economictimes.indiatimes.com/2013-08-23/news/41440904_1_exchange-rate-volatility-rupee-currencies

Edited November 24, 2014 by dontlop

[wizard1]

I don't have a link or remember how far back but I am sure that I read an article from Iraq that stated the export of dinar was 100 % legal.

[caz1104]

I just purchased another 350 mill dinar from the church I just became a member at (old one is now a steakhouse). Funny part this church is an old MickeyD's and I had to go thru one of the drive-thru's, the other drive thru lane is a confessional, real long line there.  

[rockfl9]

I dont need a link. Anyone familiar with banking practices KNOWS that banks transfer money across borders ELECTRONICALLY.-

Have you always been a slow learner?

[dontlop]

You need a link but you can't provide one to back up your nonsense

[rockfl9]

I don't have a link or remember how far back but I am sure that I read an article from Iraq that stated the export of dinar was 100 % legal.

Be Good if you can find that article. Need to vet the source.

[dontlop]

Now your trying to say electronic dinar isn't dinar

Your spin didn't work

[SnowGlobe7]

If Iraq qants to particpate in the "real world" the currency they use must be supported in the "real world"

 

In other words..if they want to play with the big dogs...and they have said they do...then they will need to recognize thier currency when it is time

 

Just my opinion

Edited November 24, 2014 by SnowGlobe7

[dontlop]

India would love to get rid of some rupees and iraq would love to get rid of some dinar

They can enter into an agreement to hold each other's currency out of circulation in their reserves using those reserves to prop up their own currency values

[ewingm]

Wow, Caz.  You just purchased 350 million dinar at your local church.  That's about $320,000 US dollars you forked over.  So you are either very rich, very untruthful, or being your usual blathering self,  Either way you slice the loaf (get the pun, Caz?)  you are not bringing anything of use to the debate.  And the question is:  Is it legal to transport or transfer dinar out of iraq?

Edited November 24, 2014 by ewingm

[dontlop]

Just like buying up all the silver and removing it from the market demand increases because of its absense in the market and the price of silver goes up

The same goes with anything including currency

[caz1104]

I don't know about Iraq...................but I took mine home from Ghana & the church drive thru. Sadly I couldn't get my family back from Ghana..............2 bag rule.