Speculators in Iraqi Dinar Face Importation Risk with Paper Currency

[grimreaper]

Speculators in Iraqi Dinar Face Importation Risk with Paper Currency

Date: 29 December 2010

Contributed by PRWeb

"The formation of a government in Iraqi last week has re-energized speculators in the Iraqi Dinar" says David http://iqd.me/l/11 of U.S. Dinar Bank who cautions people that while these recent events are encouraging, people should heed the statements made by the Iraqi Ministry of Finance ?? Iraqi Customs does not permit the entry of IQD currency and will confiscate funds, and that FedEx is not permitted to handle and deliver IQD currency in or out of Iraq?.

San Diego, CA (PRWEB) December 29, 2010

"The formation of a government in Iraqi last week has re-enrgized speculators in the Iraqi Dinar" says David http://iqd.me/l/11 of U.S. Dinar Bank who cautions people that while these recent events are encouraging, people should heed the statements made by the Iraqi Ministry of Finance ?? Iraqi Customs does not permit the entry of IQD currency and will confiscate funds, and that FedEx is not permitted to handle and deliver IQD currency in or out of Iraq?.

While thousands of U.S. Servicemen, and contractors in Iraqi purchased paper Dinar in anticipation of what appears to be an impending revaluation, they may have overlooked the fact that Iraq currency is a national currency only to be used and handled within the Republic of Iraq and not to be used, circulated, or handled internationally in any way.

According to David http://iqd.me/l/11, of US Dinar Bank, http://www.usdinarbank.com, "the statements above illustrate a major risk to investors owning the paper currency of Iraq and it may affect their capability to redeem it at any given time in the future?. He further states that Americans are free to have a bank account and purchase Dinar without taking those Dinar out of Iraq and be compliant with the regulations of the Iraqi government.

Mr. http://iqd.me/l/11 and U.S. Dinar Bank facilitate commercial banking relationships for Iraq?s Al Warka Bank. The U.S. Dinar Bank does not handle Iraq?s paper currency in any way.

For the original version on PRWeb visit: http://www.prweb.com/releases/prwebIraqi/Dinar/prweb4926704.htm

[pokerplayer]

Mr. http://iqd.me/l/11 may be reach by telephone XXX- XXX-5676.

###

Posting this phone# may prove great grief for Mr. http://iqd.me/l/11. I suggest Mods "X" out and fast !!!

pp

Edited December 29, 2010 by pokerplayer

[35foxtrot]

So its not okay to take dinar out of iraq but its okay for someone to CHARGE A FEE to open a bank account in iraq....

I'll bet my right arm that he doesnt open bank accounts in iraq from the goodness of his heart

i'd be also willing to bet the FEE's this guy charges are not cheap... .

[Geck]

Mr. http://iqd.me/l/11 may be reach by telephone 619- 819-5676.

###

Posting this phone# may prove great grief for Mr. http://iqd.me/l/11. I suggest Mods "X" out and fast !!!

pp

Why?

Mr http://iqd.me/l/11 was more than happy to have it shown on the linked website. DV should enjoy the same right on the simple fact of the transparency of the interwebs.

No need to remove.

[RVDinar4MyFamily]

Mr. http://iqd.me/l/11 may be reach by telephone 619- 819-5676.

###

Posting this phone# may prove great grief for Mr. http://iqd.me/l/11. I suggest Mods "X" out and fast !!!

pp

it does not matter it is on the article itself lol

Interesting that a guy that is promoting buying dinar through online savings account and does not deal in paper money, would put out an article to scare investors into thinking that thier paper money will be no good and they should have electronic savings accounts (though him) to avoid the "Risk of paper currency"

[Butifldrm]

Now this is more like the news I would expect to see, prior to an RV.

[30 at 50]

Hey everyone,forget this guy..open your own account at Warka !!

[TimS]

Another fly in the ointment......Could it be possible that our president and our congress would pass a law that would allow and encourage its citizens to purchase a foriegn currency in an effort to help that foreign country accumulate some wealth to rebuild.....knowing that we would get screwed in the end game?

NAWWWWWW, they wouldn't do that?

[PacoTaco]

The hotter the Dinar gets the more you will see how others come up with ways to make some money off of it.

[rw.sutton]

I think I will let Ali worry about it, after I cash in..

[DragonCruiser]

I'm in Iraq.

I did not hear of this.

I guess me and many others working here will have to figure out ways to get our paper dinars out soon.

[Qman]

http://www.prweb.com/releases/Iraqi/Dinar/prweb4926704.htm

[iceburgpens]

After cashing in, isn't everything done electronically? Bank routing numbers etc.??

[Bea<3]

Now this is more like the news I would expect to see, prior to an RV.

Exactly! Took the words out of my mouth...

[NightAngel]

I would not get overly excited about anything coming from PRWeb. From time to time I have used that site to personally release information about an artist that a client of mine is looking to promote. Anyone can post info to this site and forward it on. In some cases they can even do it for free.

[eoh1965]

http://www.prweb.com/releases/Iraqi/Dinar/prweb4926704.htm

Why does this keep poping up? And if any body has any proof to show me that we are guaranteed to cash this in the states. Other wise this whole thing is a scam!!!!!!!!!!!!

[eoh1965]

Speculators in Iraqi Dinar Face Importation Risk with Paper Currency

Date: 29 December 2010

Contributed by PRWeb

"The formation of a government in Iraqi last week has re-energized speculators in the Iraqi Dinar" says David http://iqd.me/l/11 of U.S. Dinar Bank who cautions people that while these recent events are encouraging, people should heed the statements made by the Iraqi Ministry of Finance ?? Iraqi Customs does not permit the entry of IQD currency and will confiscate funds, and that FedEx is not permitted to handle and deliver IQD currency in or out of Iraq?.

San Diego, CA (PRWEB) December 29, 2010

"The formation of a government in Iraqi last week has re-enrgized speculators in the Iraqi Dinar" says David http://iqd.me/l/11 of U.S. Dinar Bank who cautions people that while these recent events are encouraging, people should heed the statements made by the Iraqi Ministry of Finance ?? Iraqi Customs does not permit the entry of IQD currency and will confiscate funds, and that FedEx is not permitted to handle and deliver IQD currency in or out of Iraq?.

While thousands of U.S. Servicemen, and contractors in Iraqi purchased paper Dinar in anticipation of what appears to be an impending revaluation, they may have overlooked the fact that Iraq currency is a national currency only to be used and handled within the Republic of Iraq and not to be used, circulated, or handled internationally in any way.

According to David http://iqd.me/l/11, of US Dinar Bank, http://www.usdinarbank.com, "the statements above illustrate a major risk to investors owning the paper currency of Iraq and it may affect their capability to redeem it at any given time in the future?. He further states that Americans are free to have a bank account and purchase Dinar without taking those Dinar out of Iraq and be compliant with the regulations of the Iraqi government.

Mr. http://iqd.me/l/11 and U.S. Dinar Bank facilitate commercial banking relationships for Iraq?s Al Warka Bank. The U.S. Dinar Bank does not handle Iraq?s paper currency in any way.

For the original version on PRWeb visit: http://www.prweb.com/releases/prwebIraqi/Dinar/prweb4926704.htm

Why does this keep poping up? And if any body has any proof to show me that we are guaranteed to cash this in the states. Other wise this whole thing is a scam!!!!!!!!!!!!

Read more: http://dinarvets.com/forums/index.php?/topic/47629-speculators-in-iraqi-dinar-face-importation-risk-with-paper-currency/#ixzz19VbYlDjw

[Ras]

After checking out US Dinar Bank , Mr http://iqd.me/l/11's website.

I find it cheaply done, nothing that supports his credentials or relationship with US Treasury or FINCEN

I wouldn't trust his Savings account at all. I don't see an office/branch location what-so-ever.

He could've very much staged the article, just to stear unknowlegable and unsuspecting

Iraqi Investors/Speculators his way.

People remain constant in your due diligence. If the currency wasn't permitted outside of Iraq,

then how did all these "Legitmate Dealers" get theirs, as well as the banks being able to sell/buy the dinars?

JMHO

[Nani?]

Why does this keep poping up? And if any body has any proof to show me that we are guaranteed to cash this in the states. Other wise this whole thing is a scam!!!!!!!!!!!!

seems like this article has had its desired effect on you... for me I will trust that ali can trade us up

[eoh1965]

seems like this article has had its desired effect on you... for me I will trust that ali can trade us up

Where is the proof?

[MooCow]

There are a couple of things that make me not really worry about this article.

1. From what I understand, the dinar is sold to the bank by us...get our exchange and the bank makes money off the spread...the bank sends the money to the US govt. at a higher rate than we got and makes a little more money...the US Govt. recycles the paper into Chevrolet Volts and puts the amount of money into their books at a higher rate that they use to get things like Oil from Iraq.

2. Take Adam for instance that sells VIP memberships. He is not guaranteeing the RV, but if it does...he is guaranteeing that we can cash in at banks that are actually across the world at a higher rate. If he did not follow through with this then you could imagine the legal issues. Adam is far from stupid and has made sure that everything he does, guarantees is legal and correct.

Correct me if I am wrong, but I do not see a reason to worry.

[eoh1965]

There are a couple of things that make me not really worry about this article.

1. From what I understand, the dinar is sold to the bank by us...get our exchange and the bank makes money off the spread...the bank sends the money to the US govt. at a higher rate than we got and makes a little more money...the US Govt. recycles the paper into Chevrolet Volts and puts the amount of money into their books at a higher rate that they use to get things like Oil from Iraq.

2. Take Adam for instance that sells VIP memberships. He is not guaranteeing the RV, but if it does...he is guaranteeing that we can cash in at banks that are actually across the world at a higher rate. If he did not follow through with this then you could imagine the legal issues. Adam is far from stupid and has made sure that everything he does, guarantees is legal and correct.

Correct me if I am wrong, but I do not see a reason to worry.

Show me the proof that we can cash this in U.S.A.!!!!!!!!!!

[TimS]

I would like to hear Adam's take on this one......ADAM, ADAM, where are you???????????????

[Nani?]

No one is stopping you go ahead and buy into this guys scam

[DJG]

Easy go to Ali and sell him what you have