Eddinar Posted September 19, 2010 Report Share Posted September 19, 2010 Hi Everyone- We are on VERY HIGH ALERT right now. (Evidence of this will be provided in the paragraphs to follow.) It’s looking like the revalue process has been triggered. It’s possible it will not show up for us in the US for a couple of days, however. The rate is expected to be very high (higher than what you would expect). If it revalues very high, its purpose is to encourage people to exchange, so that this high-denomination currency goes back to the Central Bank of Iraq to be destroyed. The Iraq government needs to get those bills out of circulation because they are unwieldy, now that they are worth so much. After all, do you keep a bill worth several thousand dollars in your wallet, to buy groceries with? That possibility does not mean that you are to panic and rush to exchange. Rumors will abound that you should exchange immediately or you will “lose out.” Carefully assess whether what you are hearing is valid. I will do my best to get to the truth and pass it on but ultimately you are in charge of this investment for yourself. If it comes out very high, it will eventually go down and we should be watching for any time-frame being announced for how long they intend to keep it at that rate (assuming they are not setting the initial rate to be forex-driven). There is a precedence for allowing it to be at the high rate for weeks, but we can’t count on anything in this investment, as we have already seen. What I have heard is that the Kuwait dinar came out at $2.47 and after 6 hours it went up to $7.49; the next day it was at $9.00 and stayed there for 30 days. Then after 90 days, and the months that followed, it stabilized at $3.44. If the IQD revalue comes out at a very low rate (eg., US$.86= 1 IQD; but I personally feel that this is unlikely) then it could take as little as 30 days to go above US$3. Please note that I am not qualified to advise you about whether you should exchange at a certain time. Whether you arrange to exchange immediately or later is up to you. I am only advising that you not act out of fear. Whether you exchange with DinarTrade or a bank or somewhere else is also up to you. I will do my best to get you information that will help you make decisions but you should be proactive and find out what you can on your own. Be careful who you listen to. I am hearing some less-than-wise advice being disseminated on the forums. I believe you will find some good information on Keep the Faith Missions (Frank26’s posts, and wherever he directs you; other posts, just because the are on KTFM, do not mean they are valid or truthful). Be careful regardless. Fear statements that you will “lose” can cause you to act rashly. If you are not going to use DinarTrade, be sure you are very clear about the financial institution’s procedures for exchange, ahead of time. Airport exchanges are not likely to have much cash on hand; some banks are not really set up for this and will take 1-3 weeks to get your money to you (the dinar will be sent somewhere else for exchange). Wells Fargo is a good place to start exploring, if you have one in your area. I have had very good experiences with the Manager and his staff at my Wells Fargo branch. When I went there last December, I had the opposite experience at the same branch with a Manager and staff who are no longer there. Conversely, when I went to my Chase bank branch last December, I had a very good experience with the Manager and staff and now they are all gone; it’s like night and day with the new Manager and staff; I’m not as comfortable. So, if you don’t feel comfortable in one branch, try another. Remember that a list of banks that have agreed to a rate will be posted on Keep the Faith Missions and that knowledge will help you negotiate with your financial institution. Just a reminder: I am under extreme pressure caring for my husband right now so it is best that you don’t rely on me too heavily. You can email me with questions but I may not be able to answer you in a timely manner or at all. The following information provides the very strong indication that this revalue has already been triggered, besides the Intel that is confirming it, from several sources. Here’s what is known. Three events, which are essential to this revalue going forward, have occurred that are revealing that this revalue has happened: A) The currency has been elevated to a world-tradeable currency. This has now been completed as shown by #1 below. The currency is being “paired” on the forex market. A currency is traded on the forex in pairs. This has now been completed as shown by #2 below. C) The currency is being set up to “peg” with another currency, such as the US$ or the Euro. This is currently in process: It is supposed to take 4-7 days to complete this last step. It has been estimated that it has already been 5 days since the process started and it has been established that the process can’t go beyond 9/15/10 (which is the deadline for the currency to go international, in order to “go live” on the ISX [iraq Stock Exchange], which it is scheduled to do on October 15, 2010), so it is imminent. [see #3 below.] It can take hours, to 2-3 days, after it pegs to be available for exchange, and when that happens actually depends on the financial institution offering it for exchange (i.e., how soon they are ready). To understand what being “pegged” to another currency means, look here: http://en.wikipedia.org/wiki/Fixed_exchange_rate 1) The IQD (Iraq Dinar) has been moved from the Exotic Currency List to the World Markets list. You will see it listed here: http://www.forex-internet.com/worldscurrencies.htm 2) All the forex sites are now showing the pairing of the IQD with other currencies (Example: The links below show the IQD pairing with the US Dollar and the Great British Pound= GBP, respectively). Please let me know if you find a forex site that is not showing it being paired with another currency: IQD/USD pairing: http://www.forex.tradingcharts.com/chart/US%20Dollar_Iraqi%20Dinar.... IQD/GBP pairing: http://www.forex.tradingcharts.com/chart/Iraqi%20Dinar_Pound%20Ster... Look at this pairing (especially the “waiting for new pairings,” in a lower section of the page): http://www.wcrane.com/iraq/ 3) On October 15, 2010 the IQD is scheduled to “go live” on the Iraq Stock Exchange (ISX). The international stock exchange rules are that, for a currency to be tradable on the stock exchange, it must be internationally recognized/tradable at least 30 days before going live. There are no extensions allowed. If this deadline is missed, the repercussions for Iraq will be devastating ,so it is highly unlikely they will blow this. Therefore, if the IQD doesn’t show up as being revalued within a few days after today’s deadline, my only explanation will be that it has been released behind the scenes and it’s just not being released to the public. But, in that case, it must show up on 10/15/2010. I believe that it is highly unlikely that they will wait until it has to go live, and legally they may not be allowed to wait that long or wait at all. * * * Note also that the Central Bank of Iraq (CBI) WAS expected to re-open Tuesday 9/13/10 after being closed for the post-Ramadan celebrations. *** The following indicates that Iraq/the IQD is no longer on the OFAC list (the OFAC list has the terrorist countries on it): On September 13, 2010, the Office of Foreign Assets Control (“OFAC”) removed the Iraqi Sanctions Regulations, 31 C.F.R. Part 575 from 31 C.F.R. chapter V, and added the Iraq Stabilization and Insurgency Sanctions Regulations (“ISISR”) as new part 576 to 31 C.F.R. chapter V. The ISISR implement Executive Order 13303 of May 22, 2003, Executive Order 13315 of August 28, 2003, Executive Order 13350 of July 29, 2004, Executive Order 13364 of November 29, 2004, and Executive Order 13438 of July 17, 2007. See this pdf with more: http://www.treas.gov/offices/enforcement/ofac/legal/regs/31cfr576.pdf The Office of Foreign Assets Control (OFAC) is an agency of the United States Department of the Treasury under the auspices of the Under Secretary of the Treasury for Terrorism and Financial Intelligence. OFAC administers and enforces economic and trade sanctions based on U.S. foreign policy and national security goals against targeted foreign states, organizations, and individuals. *** There has been news that all the important Chapter 7 sanctions against Iraq have quietly been lifted. Here is one article supporting that: http://www.csmonitor.com/World/Middle-East/2010/0909/Iraq-to-pay-40... 7 Link to comment Share on other sites More sharing options...
BreakinDaBank Posted September 19, 2010 Report Share Posted September 19, 2010 Hi Everyone- We are on VERY HIGH ALERT right now. (Evidence of this will be provided in the paragraphs to follow.) It’s looking like the revalue process has been triggered. It’s possible it will not show up for us in the US for a couple of days, however. The rate is expected to be very high (higher than what you would expect). If it revalues very high, its purpose is to encourage people to exchange, so that this high-denomination currency goes back to the Central Bank of Iraq to be destroyed. The Iraq government needs to get those bills out of circulation because they are unwieldy, now that they are worth so much. After all, do you keep a bill worth several thousand dollars in your wallet, to buy groceries with? That possibility does not mean that you are to panic and rush to exchange. Rumors will abound that you should exchange immediately or you will “lose out.” Carefully assess whether what you are hearing is valid. I will do my best to get to the truth and pass it on but ultimately you are in charge of this investment for yourself. If it comes out very high, it will eventually go down and we should be watching for any time-frame being announced for how long they intend to keep it at that rate (assuming they are not setting the initial rate to be forex-driven). There is a precedence for allowing it to be at the high rate for weeks, but we can’t count on anything in this investment, as we have already seen. What I have heard is that the Kuwait dinar came out at $2.47 and after 6 hours it went up to $7.49; the next day it was at $9.00 and stayed there for 30 days. Then after 90 days, and the months that followed, it stabilized at $3.44. If the IQD revalue comes out at a very low rate (eg., US$.86= 1 IQD; but I personally feel that this is unlikely) then it could take as little as 30 days to go above US$3. Please note that I am not qualified to advise you about whether you should exchange at a certain time. Whether you arrange to exchange immediately or later is up to you. I am only advising that you not act out of fear. Whether you exchange with DinarTrade or a bank or somewhere else is also up to you. I will do my best to get you information that will help you make decisions but you should be proactive and find out what you can on your own. Be careful who you listen to. I am hearing some less-than-wise advice being disseminated on the forums. I believe you will find some good information on Keep the Faith Missions (Frank26’s posts, and wherever he directs you; other posts, just because the are on KTFM, do not mean they are valid or truthful). Be careful regardless. Fear statements that you will “lose” can cause you to act rashly. If you are not going to use DinarTrade, be sure you are very clear about the financial institution’s procedures for exchange, ahead of time. Airport exchanges are not likely to have much cash on hand; some banks are not really set up for this and will take 1-3 weeks to get your money to you (the dinar will be sent somewhere else for exchange). Wells Fargo is a good place to start exploring, if you have one in your area. I have had very good experiences with the Manager and his staff at my Wells Fargo branch. When I went there last December, I had the opposite experience at the same branch with a Manager and staff who are no longer there. Conversely, when I went to my Chase bank branch last December, I had a very good experience with the Manager and staff and now they are all gone; it’s like night and day with the new Manager and staff; I’m not as comfortable. So, if you don’t feel comfortable in one branch, try another. Remember that a list of banks that have agreed to a rate will be posted on Keep the Faith Missions and that knowledge will help you negotiate with your financial institution. Just a reminder: I am under extreme pressure caring for my husband right now so it is best that you don’t rely on me too heavily. You can email me with questions but I may not be able to answer you in a timely manner or at all. The following information provides the very strong indication that this revalue has already been triggered, besides the Intel that is confirming it, from several sources. Here’s what is known. Three events, which are essential to this revalue going forward, have occurred that are revealing that this revalue has happened: A) The currency has been elevated to a world-tradeable currency. This has now been completed as shown by #1 below. The currency is being “paired” on the forex market. A currency is traded on the forex in pairs. This has now been completed as shown by #2 below. C) The currency is being set up to “peg” with another currency, such as the US$ or the Euro. This is currently in process: It is supposed to take 4-7 days to complete this last step. It has been estimated that it has already been 5 days since the process started and it has been established that the process can’t go beyond 9/15/10 (which is the deadline for the currency to go international, in order to “go live” on the ISX [iraq Stock Exchange], which it is scheduled to do on October 15, 2010), so it is imminent. [see #3 below.] It can take hours, to 2-3 days, after it pegs to be available for exchange, and when that happens actually depends on the financial institution offering it for exchange (i.e., how soon they are ready). To understand what being “pegged” to another currency means, look here: http://en.wikipedia.org/wiki/Fixed_exchange_rate 1) The IQD (Iraq Dinar) has been moved from the Exotic Currency List to the World Markets list. You will see it listed here: http://www.forex-internet.com/worldscurrencies.htm 2) All the forex sites are now showing the pairing of the IQD with other currencies (Example: The links below show the IQD pairing with the US Dollar and the Great British Pound= GBP, respectively). Please let me know if you find a forex site that is not showing it being paired with another currency: IQD/USD pairing: http://www.forex.tradingcharts.com/chart/US%20Dollar_Iraqi%20Dinar.... IQD/GBP pairing: http://www.forex.tradingcharts.com/chart/Iraqi%20Dinar_Pound%20Ster... Look at this pairing (especially the “waiting for new pairings,” in a lower section of the page): http://www.wcrane.com/iraq/ 3) On October 15, 2010 the IQD is scheduled to “go live” on the Iraq Stock Exchange (ISX). The international stock exchange rules are that, for a currency to be tradable on the stock exchange, it must be internationally recognized/tradable at least 30 days before going live. There are no extensions allowed. If this deadline is missed, the repercussions for Iraq will be devastating ,so it is highly unlikely they will blow this. Therefore, if the IQD doesn’t show up as being revalued within a few days after today’s deadline, my only explanation will be that it has been released behind the scenes and it’s just not being released to the public. But, in that case, it must show up on 10/15/2010. I believe that it is highly unlikely that they will wait until it has to go live, and legally they may not be allowed to wait that long or wait at all. * * * Note also that the Central Bank of Iraq (CBI) WAS expected to re-open Tuesday 9/13/10 after being closed for the post-Ramadan celebrations. *** The following indicates that Iraq/the IQD is no longer on the OFAC list (the OFAC list has the terrorist countries on it): On September 13, 2010, the Office of Foreign Assets Control (“OFAC”) removed the Iraqi Sanctions Regulations, 31 C.F.R. Part 575 from 31 C.F.R. chapter V, and added the Iraq Stabilization and Insurgency Sanctions Regulations (“ISISR”) as new part 576 to 31 C.F.R. chapter V. The ISISR implement Executive Order 13303 of May 22, 2003, Executive Order 13315 of August 28, 2003, Executive Order 13350 of July 29, 2004, Executive Order 13364 of November 29, 2004, and Executive Order 13438 of July 17, 2007. See this pdf with more: http://www.treas.gov/offices/enforcement/ofac/legal/regs/31cfr576.pdf The Office of Foreign Assets Control (OFAC) is an agency of the United States Department of the Treasury under the auspices of the Under Secretary of the Treasury for Terrorism and Financial Intelligence. OFAC administers and enforces economic and trade sanctions based on U.S. foreign policy and national security goals against targeted foreign states, organizations, and individuals. *** There has been news that all the important Chapter 7 sanctions against Iraq have quietly been lifted. Here is one article supporting that: http://www.csmonitor.com/World/Middle-East/2010/0909/Iraq-to-pay-40... now that's what i call a GREAT post!!!! thank you so much for the time you put into this. 1 2 Link to comment Share on other sites More sharing options...
PAPATOM Posted September 19, 2010 Report Share Posted September 19, 2010 a nice piece o work. thanks for the post. Link to comment Share on other sites More sharing options...
kingcamera82 Posted September 19, 2010 Report Share Posted September 19, 2010 i actually know the person who wrote this...she emailed it last week to the people on her mailing list...very nice woman and she send updates to you along with other great info like asset protection, taxes and other stuff.......pm me your email and i can give to her to put you on her mailing list...she is very intelligent.....thx eddinar 1 1 Link to comment Share on other sites More sharing options...
DavidM Posted September 19, 2010 Report Share Posted September 19, 2010 Baby steps turning into full strides, are we ready guys.. GO RV... Link to comment Share on other sites More sharing options...
daniel c Posted September 19, 2010 Report Share Posted September 19, 2010 There has been news that all the important Chapter 7 sanctions against Iraq have quietly been lifted. Here is one article supporting that: http://www.csmonitor...aq-to-pay-40... click the link christian science monitor shows Sorry, this page has moved or does not exist Link to comment Share on other sites More sharing options...
Teresa82 Posted September 19, 2010 Report Share Posted September 19, 2010 a couple of those links do not exist anymore! Link to comment Share on other sites More sharing options...
iraqiyodaman Posted September 19, 2010 Report Share Posted September 19, 2010 This is great only it is now the 19th here in Iraq, so I am going to take a stab in the dark and say this contributor missed the mark. But who knows what today will bring. I have read that the Parliament will meet today, and will officially start the process of placing people on to leadership on Thursday. Link to comment Share on other sites More sharing options...
Logical1 Posted September 19, 2010 Report Share Posted September 19, 2010 * DD: Emailed to me… Don’t know who or what… (Very High Alert) September 18, 2010 · Posted in CHATS / POSTS Hi Everyone- We are on VERY HIGH ALERT right now. (Evidence of this will be provided in the paragraphs to follow.) It’s looking like the revalue process has been triggered. It’s possible it will not show up for us in the US for a couple of days, however. The rate is expected to be very high (higher than what you would expect). If it revalues very high, its purpose is to encourage people to exchange, so that this high-denomination currency goes back to the Central Bank of Iraq to be destroyed. The Iraq government needs to get those bills out of circulation because they are unwieldy, now that they are worth so much. After all, do you keep a bill worth several thousand dollars in your wallet, to buy groceries with? That possibility does not mean that you are to panic and rush to exchange. Rumors will abound that you should exchange immediately or you will “lose out.” Carefully assess whether what you are hearing is valid. I will do my best to get to the truth and pass it on but ultimately you are in charge of this investment for yourself. If it comes out very high, it will eventually go down and we should be watching for any time-frame being announced for how long they intend to keep it at that rate (assuming they are not setting the initial rate to be forex-driven). There is a precedence for allowing it to be at the high rate for weeks, but we can’t count on anything in this investment, as we have already seen. What I have heard is that the Kuwait dinar came out at $2.47 and after 6 hours it went up to $7.49; the next day it was at $9.00 and stayed there for 30 days. Then after 90 days, and the months that followed, it stabilized at $3.44. If the IQD revalue comes out at a very low rate (eg., US$.86= 1 IQD; but I personally feel that this is unlikely) then it could take as little as 30 days to go above US$3. Please note that I am not qualified to advise you about whether you should exchange at a certain time. Whether you arrange to exchange immediately or later is up to you. I am only advising that you not act out of fear. Whether you exchange with DinarTrade or a bank or somewhere else is also up to you. I will do my best to get you information that will help you make decisions but you should be proactive and find out what you can on your own. Be careful who you listen to. I am hearing some less-than-wise advice being disseminated on the forums. I believe you will find some good information on Keep the Faith Missions (Frank26’s posts, and wherever he directs you; other posts, just because the are on KTFM, do not mean they are valid or truthful). Be careful regardless. Fear statements that you will “lose” can cause you to act rashly. If you are not going to use DinarTrade, be sure you are very clear about the financial institution’s procedures for exchange, ahead of time. Airport exchanges are not likely to have much cash on hand; some banks are not really set up for this and will take 1-3 weeks to get your money to you (the dinar will be sent somewhere else for exchange). Wells Fargo is a good place to start exploring, if you have one in your area. I have had very good experiences with the Manager and his staff at my Wells Fargo branch. When I went there last December, I had the opposite experience at the same branch with a Manager and staff who are no longer there. Conversely, when I went to my Chase bank branch last December, I had a very good experience with the Manager and staff and now they are all gone; it’s like night and day with the new Manager and staff; I’m not as comfortable. So, if you don’t feel comfortable in one branch, try another. Remember that a list of banks that have agreed to a rate will be posted on Keep the Faith Missions and that knowledge will help you negotiate with your financial institution. Just a reminder: I am under extreme pressure caring for my husband right now so it is best that you don’t rely on me too heavily. You can email me with questions but I may not be able to answer you in a timely manner or at all. The following information provides the very strong indication that this revalue has already been triggered, besides the Intel that is confirming it, from several sources. Here’s what is known. Three events, which are essential to this revalue going forward, have occurred that are revealing that this revalue has happened: A) The currency has been elevated to a world-tradeable currency. This has now been completed as shown by #1 below. The currency is being “paired” on the forex market. A currency is traded on the forex in pairs. This has now been completed as shown by #2 below. C) The currency is being set up to “peg” with another currency, such as the US$ or the Euro. This is currently in process: It is supposed to take 4-7 days to complete this last step. It has been estimated that it has already been 5 days since the process started and it has been established that the process can’t go beyond 9/15/10 (which is the deadline for the currency to go international, in order to “go live” on the ISX [iraq Stock Exchange], which it is scheduled to do on October 15, 2010), so it is imminent. [see #3 below.] It can take hours, to 2-3 days, after it pegs to be available for exchange, and when that happens actually depends on the financial institution offering it for exchange (i.e., how soon they are ready). To understand what being “pegged” to another currency means, look here: http://en.wikipedia.org/wiki/Fixed_exchange_rate 1) The IQD (Iraq Dinar) has been moved from the Exotic Currency List to the World Markets list. You will see it listed here: http://www.forex-internet.com/worldscurrencies.htm 2) All the forex sites are now showing the pairing of the IQD with other currencies (Example: The links below show the IQD pairing with the US Dollar and the Great British Pound= GBP, respectively). Please let me know if you find a forex site that is not showing it being paired with another currency: IQD/USD pairing: http://www.forex.tradingcharts.com/chart/US%20Dollar_Iraqi%20Dinar.... IQD/GBP pairing: http://www.forex.tradingcharts.com/chart/Iraqi%20Dinar_Pound%20Ster... Look at this pairing (especially the “waiting for new pairings,” in a lower section of the page): http://www.wcrane.com/iraq/ 3) On October 15, 2010 the IQD is scheduled to “go live” on the Iraq Stock Exchange (ISX). The international stock exchange rules are that, for a currency to be tradable on the stock exchange, it must be internationally recognized/tradable at least 30 days before going live. There are no extensions allowed. If this deadline is missed, the repercussions for Iraq will be devastating ,so it is highly unlikely they will blow this. Therefore, if the IQD doesn’t show up as being revalued within a few days after today’s deadline, my only explanation will be that it has been released behind the scenes and it’s just not being released to the public. But, in that case, it must show up on 10/15/2010. I believe that it is highly unlikely that they will wait until it has to go live, and legally they may not be allowed to wait that long or wait at all. * * * Note also that the Central Bank of Iraq (CBI) WAS expected to re-open Tuesday 9/13/10 after being closed for the post-Ramadan celebrations. *** The following indicates that Iraq/the IQD is no longer on the OFAC list (the OFAC list has the terrorist countries on it): On September 13, 2010, the Office of Foreign Assets Control (“OFAC”) removed the Iraqi Sanctions Regulations, 31 C.F.R. Part 575 from 31 C.F.R. chapter V, and added the Iraq Stabilization and Insurgency Sanctions Regulations (“ISISR”) as new part 576 to 31 C.F.R. chapter V. The ISISR implement Executive Order 13303 of May 22, 2003, Executive Order 13315 of August 28, 2003, Executive Order 13350 of July 29, 2004, Executive Order 13364 of November 29, 2004, and Executive Order 13438 of July 17, 2007. See this pdf with more: http://www.treas.gov/offices/enforcement/ofac/legal/regs/31cfr576.pdf The Office of Foreign Assets Control (OFAC) is an agency of the United States Department of the Treasury under the auspices of the Under Secretary of the Treasury for Terrorism and Financial Intelligence. OFAC administers and enforces economic and trade sanctions based on U.S. foreign policy and national security goals against targeted foreign states, organizations, and individuals. *** There has been news that all the important Chapter 7 sanctions against Iraq have quietly been lifted. Here is one article supporting that: http://www.csmonitor.com/World/Middle-East/2010/0909/Iraq-to-pay-40... Tags: no tags 2 Link to comment Share on other sites More sharing options...
ronron Posted September 19, 2010 Report Share Posted September 19, 2010 Thanks for the post..I believe.. just wish for them to hurry with notifiying the public.. Link to comment Share on other sites More sharing options...
Mr. Phonics Posted September 19, 2010 Report Share Posted September 19, 2010 Hi Everyone- VERY HIGH ALERT can’t go beyond 9/15/10 (which is the deadline for the currency to go international, in order to “go live” on the ISX [iraq Stock Exchange], Hmmmm....did I miss something??? My iphone says the date is September 18th. These rumors are as old as Moses' toes. "High Alert" That reminds me of when Med used to do his "red alert" updates! I think I need to stay out of the rumors section. This is getting pitiful. 1 Link to comment Share on other sites More sharing options...
RICK C Posted September 19, 2010 Report Share Posted September 19, 2010 So is this Piece of NEWS to be considerd a RUMOR or is it based on a Persons OPINION OR FACTS. Link to comment Share on other sites More sharing options...
ronscarpa Posted September 19, 2010 Report Share Posted September 19, 2010 Thanks for the post Logical1...! RON Link to comment Share on other sites More sharing options...
Duce Posted September 19, 2010 Report Share Posted September 19, 2010 Thanks for the post. It all sounds great to me, but I don' t think I'd refer to $.86 as 'low'. That would be a dramatic increase in profits for all of us, but hey, $2.47 is just that much better. I guess all we have to do now is wait a bit longer. I've been holding since 2004, so what's a few more days going to matter. Thanks again, Link to comment Share on other sites More sharing options...
Bobbydee Posted September 19, 2010 Report Share Posted September 19, 2010 Another step closer to completion of one of the wildest rides I have ever been on. Even if it was to all go by the way side I have met some wonderful people on this site. Thanks Eddinar for the great post. God Bless Semper Fi Link to comment Share on other sites More sharing options...
stronglilly Posted September 19, 2010 Report Share Posted September 19, 2010 Super Post.... thank you!!! Link to comment Share on other sites More sharing options...
mrref Posted September 19, 2010 Report Share Posted September 19, 2010 Hmmmm....did I miss something??? My iphone says the date is September 18th. These rumors are as old as Moses' toes. "High Alert" That reminds me of when Med used to do his "red alert" updates! I think I need to stay out of the rumors section. This is getting pitiful. I TOTALLY AGREE WITH YOU.... Link to comment Share on other sites More sharing options...
why Posted September 19, 2010 Report Share Posted September 19, 2010 * DD: Emailed to me… Don’t know who or what… (Very High Alert) September 18, 2010 · Posted in CHATS / POSTS Hi Everyone- We are on VERY HIGH ALERT right now. (Evidence of this will be provided in the paragraphs to follow.) It’s looking like the revalue process has been triggered. It’s possible it will not show up for us in the US for a couple of days, however. The rate is expected to be very high (higher than what you would expect). If it revalues very high, its purpose is to encourage people to exchange, so that this high-denomination currency goes back to the Central Bank of Iraq to be destroyed. The Iraq government needs to get those bills out of circulation because they are unwieldy, now that they are worth so much. After all, do you keep a bill worth several thousand dollars in your wallet, to buy groceries with? That possibility does not mean that you are to panic and rush to exchange. Rumors will abound that you should exchange immediately or you will “lose out.” Carefully assess whether what you are hearing is valid. I will do my best to get to the truth and pass it on but ultimately you are in charge of this investment for yourself. If it comes out very high, it will eventually go down and we should be watching for any time-frame being announced for how long they intend to keep it at that rate (assuming they are not setting the initial rate to be forex-driven). There is a precedence for allowing it to be at the high rate for weeks, but we can’t count on anything in this investment, as we have already seen. What I have heard is that the Kuwait dinar came out at $2.47 and after 6 hours it went up to $7.49; the next day it was at $9.00 and stayed there for 30 days. Then after 90 days, and the months that followed, it stabilized at $3.44. If the IQD revalue comes out at a very low rate (eg., US$.86= 1 IQD; but I personally feel that this is unlikely) then it could take as little as 30 days to go above US$3. Please note that I am not qualified to advise you about whether you should exchange at a certain time. Whether you arrange to exchange immediately or later is up to you. I am only advising that you not act out of fear. Whether you exchange with DinarTrade or a bank or somewhere else is also up to you. I will do my best to get you information that will help you make decisions but you should be proactive and find out what you can on your own. Be careful who you listen to. I am hearing some less-than-wise advice being disseminated on the forums. I believe you will find some good information on Keep the Faith Missions (Frank26’s posts, and wherever he directs you; other posts, just because the are on KTFM, do not mean they are valid or truthful). Be careful regardless. Fear statements that you will “lose” can cause you to act rashly. If you are not going to use DinarTrade, be sure you are very clear about the financial institution’s procedures for exchange, ahead of time. Airport exchanges are not likely to have much cash on hand; some banks are not really set up for this and will take 1-3 weeks to get your money to you (the dinar will be sent somewhere else for exchange). Wells Fargo is a good place to start exploring, if you have one in your area. I have had very good experiences with the Manager and his staff at my Wells Fargo branch. When I went there last December, I had the opposite experience at the same branch with a Manager and staff who are no longer there. Conversely, when I went to my Chase bank branch last December, I had a very good experience with the Manager and staff and now they are all gone; it’s like night and day with the new Manager and staff; I’m not as comfortable. So, if you don’t feel comfortable in one branch, try another. Remember that a list of banks that have agreed to a rate will be posted on Keep the Faith Missions and that knowledge will help you negotiate with your financial institution. Just a reminder: I am under extreme pressure caring for my husband right now so it is best that you don’t rely on me too heavily. You can email me with questions but I may not be able to answer you in a timely manner or at all. The following information provides the very strong indication that this revalue has already been triggered, besides the Intel that is confirming it, from several sources. Here’s what is known. Three events, which are essential to this revalue going forward, have occurred that are revealing that this revalue has happened: A) The currency has been elevated to a world-tradeable currency. This has now been completed as shown by #1 below. The currency is being “paired” on the forex market. A currency is traded on the forex in pairs. This has now been completed as shown by #2 below. C) The currency is being set up to “peg” with another currency, such as the US$ or the Euro. This is currently in process: It is supposed to take 4-7 days to complete this last step. It has been estimated that it has already been 5 days since the process started and it has been established that the process can’t go beyond 9/15/10 (which is the deadline for the currency to go international, in order to “go live” on the ISX [iraq Stock Exchange], which it is scheduled to do on October 15, 2010), so it is imminent. [see #3 below.] It can take hours, to 2-3 days, after it pegs to be available for exchange, and when that happens actually depends on the financial institution offering it for exchange (i.e., how soon they are ready). To understand what being “pegged” to another currency means, look here: http://en.wikipedia....d_exchange_rate 1) The IQD (Iraq Dinar) has been moved from the Exotic Currency List to the World Markets list. You will see it listed here: http://www.forex-int...scurrencies.htm 2) All the forex sites are now showing the pairing of the IQD with other currencies (Example: The links below show the IQD pairing with the US Dollar and the Great British Pound= GBP, respectively). Please let me know if you find a forex site that is not showing it being paired with another currency: IQD/USD pairing: http://www.forex.tra...aqi%20Dinar.... IQD/GBP pairing: http://www.forex.tra...Pound%20Ster... Look at this pairing (especially the “waiting for new pairings,” in a lower section of the page): http://www.wcrane.com/iraq/ 3) On October 15, 2010 the IQD is scheduled to “go live” on the Iraq Stock Exchange (ISX). The international stock exchange rules are that, for a currency to be tradable on the stock exchange, it must be internationally recognized/tradable at least 30 days before going live. There are no extensions allowed. If this deadline is missed, the repercussions for Iraq will be devastating ,so it is highly unlikely they will blow this. Therefore, if the IQD doesn’t show up as being revalued within a few days after today’s deadline, my only explanation will be that it has been released behind the scenes and it’s just not being released to the public. But, in that case, it must show up on 10/15/2010. I believe that it is highly unlikely that they will wait until it has to go live, and legally they may not be allowed to wait that long or wait at all. * * * Note also that the Central Bank of Iraq (CBI) WAS expected to re-open Tuesday 9/13/10 after being closed for the post-Ramadan celebrations. *** The following indicates that Iraq/the IQD is no longer on the OFAC list (the OFAC list has the terrorist countries on it): On September 13, 2010, the Office of Foreign Assets Control (“OFAC”) removed the Iraqi Sanctions Regulations, 31 C.F.R. Part 575 from 31 C.F.R. chapter V, and added the Iraq Stabilization and Insurgency Sanctions Regulations (“ISISR”) as new part 576 to 31 C.F.R. chapter V. The ISISR implement Executive Order 13303 of May 22, 2003, Executive Order 13315 of August 28, 2003, Executive Order 13350 of July 29, 2004, Executive Order 13364 of November 29, 2004, and Executive Order 13438 of July 17, 2007. See this pdf with more: http://www.treas.gov...gs/31cfr576.pdf The Office of Foreign Assets Control (OFAC) is an agency of the United States Department of the Treasury under the auspices of the Under Secretary of the Treasury for Terrorism and Financial Intelligence. OFAC administers and enforces economic and trade sanctions based on U.S. foreign policy and national security goals against targeted foreign states, organizations, and individuals. *** There has been news that all the important Chapter 7 sanctions against Iraq have quietly been lifted. Here is one article supporting that: http://www.csmonitor...aq-to-pay-40... Tags: no tags VERY GOOD LINKS TO PROOF WE ARE THERE! Link to comment Share on other sites More sharing options...
Woodworker#1 Posted September 19, 2010 Report Share Posted September 19, 2010 i actually know the person who wrote this...she emailed it last week to the people on her mailing list...very nice woman and she send updates to you along with other great info like asset protection, taxes and other stuff.......pm me your email and i can give to her to put you on her mailing list...she is very intelligent.....thx eddinar Hi, I am new here and I really enjoyed reading that post!! I would love to be added to her contact list....my email is; dannybadams@hotmail.com. Thank you very much for your contribution to this forum eddinar!! Link to comment Share on other sites More sharing options...
beau777 Posted September 19, 2010 Report Share Posted September 19, 2010 Currency Auctions Announcement No. (1736) The latest daily currency auction was held in the Central Bank of Iraq on the 19-SEP-2010. The results were as follows: DETAILSNOTESNumber of banks18Auction price selling dinar / US$1170Auction price buying dinar / US$-----Amount sold at auction price (US$)171,788,000Amount purchased at Auction price (US$)-----Total offers for buying (US$)171,788,000Total offers for selling (US$)----- Link to comment Share on other sites More sharing options...
ha ha Posted September 19, 2010 Report Share Posted September 19, 2010 I saw a mixture of facts and opinion in this thread. Thanks for the efforts put into it. Thanks for posting. Link to comment Share on other sites More sharing options...
jackiefbh Posted September 19, 2010 Report Share Posted September 19, 2010 i actually know the person who wrote this...she emailed it last week to the people on her mailing list...very nice woman and she send updates to you along with other great info like asset protection, taxes and other stuff.......pm me your email and i can give to her to put you on her mailing list...she is very intelligent.....thx eddinar please have her add me to her mailing list.. jackiefbh@gmail.com thanks somuch Link to comment Share on other sites More sharing options...
Unitedrich Posted September 19, 2010 Report Share Posted September 19, 2010 Got this on J4D, I don't know the author, but thought it had some interesting info, just FYI. UR Email to DD Hi Everyone- We are on VERY HIGH ALERT right now. (Evidence of this will be provided in the paragraphs to follow.) It’s looking like the revalue process has been triggered. It’s possible it will not show up for us in the US for a couple of days, however. The rate is expected to be very high (higher than what you would expect). If it revalues very high, its purpose is to encourage people to exchange, so that this high-denomination currency goes back to the Central Bank of Iraq to be destroyed. The Iraq government needs to get those bills out of circulation because they are unwieldy, now that they are worth so much. After all, do you keep a bill worth several thousand dollars in your wallet, to buy groceries with? That possibility does not mean that you are to panic and rush to exchange. Rumors will abound that you should exchange immediately or you will “lose out.” Carefully assess whether what you are hearing is valid. I will do my best to get to the truth and pass it on but ultimately you are in charge of this investment for yourself. If it comes out very high, it will eventually go down and we should be watching for any time-frame being announced for how long they intend to keep it at that rate (assuming they are not setting the initial rate to be forex-driven). There is a precedence for allowing it to be at the high rate for weeks, but we can’t count on anything in this investment, as we have already seen. What I have heard is that the Kuwait dinar came out at $2.47 and after 6 hours it went up to $7.49; the next day it was at $9.00 and stayed there for 30 days. Then after 90 days, and the months that followed, it stabilized at $3.44. If the IQD revalue comes out at a very low rate (eg., US$.86= 1 IQD; but I personally feel that this is unlikely) then it could take as little as 30 days to go above US$3. Please note that I am not qualified to advise you about whether you should exchange at a certain time. Whether you arrange to exchange immediately or later is up to you. I am only advising that you not act out of fear. Whether you exchange with DinarTrade or a bank or somewhere else is also up to you. I will do my best to get you information that will help you make decisions but you should be proactive and find out what you can on your own. Be careful who you listen to. I am hearing some less-than-wise advice being disseminated on the forums. I believe you will find some good information on Keep the Faith Missions (Frank26’s posts, and wherever he directs you; other posts, just because the are on KTFM, do not mean they are valid or truthful). Be careful regardless. Fear statements that you will “lose” can cause you to act rashly. If you are not going to use DinarTrade, be sure you are very clear about the financial institution’s procedures for exchange, ahead of time. Airport exchanges are not likely to have much cash on hand; some banks are not really set up for this and will take 1-3 weeks to get your money to you (the dinar will be sent somewhere else for exchange). Wells Fargo is a good place to start exploring, if you have one in your area. I have had very good experiences with the Manager and his staff at my Wells Fargo branch. When I went there last December, I had the opposite experience at the same branch with a Manager and staff who are no longer there. Conversely, when I went to my Chase bank branch last December, I had a very good experience with the Manager and staff and now they are all gone; it’s like night and day with the new Manager and staff; I’m not as comfortable. So, if you don’t feel comfortable in one branch, try another. Remember that a list of banks that have agreed to a rate will be posted on Keep the Faith Missions and that knowledge will help you negotiate with your financial institution. Just a reminder: I am under extreme pressure caring for my husband right now so it is best that you don’t rely on me too heavily. You can email me with questions but I may not be able to answer you in a timely manner or at all. The following information provides the very strong indication that this revalue has already been triggered, besides the Intel that is confirming it, from several sources. Here’s what is known. Three events, which are essential to this revalue going forward, have occurred that are revealing that this revalue has happened: A) The currency has been elevated to a world-tradeable currency. This has now been completed as shown by #1 below. The currency is being “paired” on the forex market. A currency is traded on the forex in pairs. This has now been completed as shown by #2 below. C) The currency is being set up to “peg” with another currency, such as the US$ or the Euro. This is currently in process: It is supposed to take 4-7 days to complete this last step. It has been estimated that it has already been 5 days since the process started and it has been established that the process can’t go beyond 9/15/10 (which is the deadline for the currency to go international, in order to “go live” on the ISX [iraq Stock Exchange], which it is scheduled to do on October 15, 2010), so it is imminent. [see #3 below.] It can take hours, to 2-3 days, after it pegs to be available for exchange, and when that happens actually depends on the financial institution offering it for exchange (i.e., how soon they are ready). To understand what being “pegged” to another currency means, look here: http://en.wikipedia....d_exchange_rate 1) The IQD (Iraq Dinar) has been moved from the Exotic Currency List to the World Markets list. You will see it listed here: http://www.forex-int...scurrencies.htm 2) All the forex sites are now showing the pairing of the IQD with other currencies (Example: The links below show the IQD pairing with the US Dollar and the Great British Pound= GBP, respectively). Please let me know if you find a forex site that is not showing it being paired with another currency: IQD/USD pairing: http://www.forex.tra...aqi%20Dinar.... IQD/GBP pairing: http://www.forex.tra...Pound%20Ster... Look at this pairing (especially the “waiting for new pairings,” in a lower section of the page): http://www.wcrane.com/iraq/ 3) On October 15, 2010 the IQD is scheduled to “go live” on the Iraq Stock Exchange (ISX). The international stock exchange rules are that, for a currency to be tradable on the stock exchange, it must be internationally recognized/tradable at least 30 days before going live. There are no extensions allowed. If this deadline is missed, the repercussions for Iraq will be devastating ,so it is highly unlikely they will blow this. Therefore, if the IQD doesn’t show up as being revalued within a few days after today’s deadline, my only explanation will be that it has been released behind the scenes and it’s just not being released to the public. But, in that case, it must show up on 10/15/2010. I believe that it is highly unlikely that they will wait until it has to go live, and legally they may not be allowed to wait that long or wait at all. * * * Note also that the Central Bank of Iraq (CBI) WAS expected to re-open Tuesday 9/13/10 after being closed for the post-Ramadan celebrations. *** The following indicates that Iraq/the IQD is no longer on the OFAC list (the OFAC list has the terrorist countries on it): On September 13, 2010, the Office of Foreign Assets Control (“OFAC”) removed the Iraqi Sanctions Regulations, 31 C.F.R. Part 575 from 31 C.F.R. chapter V, and added the Iraq Stabilization and Insurgency Sanctions Regulations (“ISISR”) as new part 576 to 31 C.F.R. chapter V. The ISISR implement Executive Order 13303 of May 22, 2003, Executive Order 13315 of August 28, 2003, Executive Order 13350 of July 29, 2004, Executive Order 13364 of November 29, 2004, and Executive Order 13438 of July 17, 2007. See this pdf with more: http://www.treas.gov...gs/31cfr576.pdf The Office of Foreign Assets Control (OFAC) is an agency of the United States Department of the Treasury under the auspices of the Under Secretary of the Treasury for Terrorism and Financial Intelligence. OFAC administers and enforces economic and trade sanctions based on U.S. foreign policy and national security goals against targeted foreign states, organizations, and individuals. *** There has been news that all the important Chapter 7 sanctions against Iraq have quietly been lifted. Here is one article supporting that: http://www.csmonitor...aq-to-pay-40... Read more: 3 Link to comment Share on other sites More sharing options...
dinariac Posted September 19, 2010 Report Share Posted September 19, 2010 Thanks for the informational post and research Unitedrich. I believe this is the same email posted last night be eddinar. All this positive news can only mean that it is now offically RRRRRRRVVVVVVVVVVVVVVV T T T T T I I I I I I M M M M M M E E E E E E Link to comment Share on other sites More sharing options...
chrispanimal Posted September 19, 2010 Report Share Posted September 19, 2010 Best news yet!!! Go RV!!! Link to comment Share on other sites More sharing options...
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