bigmike Posted January 31, 2010 Report Share Posted January 31, 2010 Between October 15, 2003 and January 15, 2004, the Coalition Provisional Authority issued new Iraqi dinar coins and notes, with the notes printed by De La Rue using modern anti-forgery techniques, to "create a single unified currency that is used throughout all of Iraq and will also make money more convenient to use in people’s everyday lives."[3] Old banknotes were exchanged for new at a one-to-one rate, except for the Swiss dinars, which were exchanged at a rate of 150 new dinars for one Swiss dinar. http://www.answers.com/topic/iraqi-dinar-1 Link to comment Share on other sites More sharing options...
Traconesu02 Posted January 31, 2010 Report Share Posted January 31, 2010 Here's another link and a pull quote: http://www.globalsecurity.org/military/world/iraq/currency-reform.htm"Bremer announced that the Coalition would print and distribute new banknotes for Iraq. In response to this press announcement in Baghdad, De La Rue confirmed that it was in discussions to assist in the production of banknotes for Iraq. The Company led a consortium of global currency specialists to manufacture the banknotes. De La Rue is the world 's largest commercial security printer and papermaker, involved in the production of over 150 national currencies and a wide range of security documents such as travellers cheques and vouchers. Thomas de la Rue began printing British postage stamps in 1855, and obtained the contract for all Indian postal requirements."Very good article . Thanks for the post. Link to comment Share on other sites More sharing options...
Traconesu02 Posted January 31, 2010 Report Share Posted January 31, 2010 I bank at a credit union,. during a transaction I was talking to a teller about the iraqi dinar. he told me that he also had bought some iraqi dinars and that that credit union has been using a de la rue machine for some time now. this machine has nothing to do specifically with the iraqi dinar except that it might count that currency. I don't get how this machine ever got credit for the dinar rv-ing, its just a currency counting tool.You need to read the rest of these posts. There are some very good articles indicating the De La Rue machine is a counting machine but also detects counterfeit bills.Dinarbanker has this youtube movie (Dinar Banker - De La Rue Machine) Here's another link Originally Posted by Quart : http://www.globalsecurity.org/military/world/iraq/currency-reform.htmMust be a very large credit union. My entire area does not have a De La Rue machine. Will probably be getting one once this breaks but they are very expensive machines and are not located at every bank and definitely not at a lot of credit unions. Link to comment Share on other sites More sharing options...
SocalDinar Posted April 22, 2012 Report Share Posted April 22, 2012 Are they printing yet, Link to comment Share on other sites More sharing options...
VIZIOIRAQI Posted April 22, 2012 Report Share Posted April 22, 2012 Hmmm... This afternoon, I was considering some of the threads I've read on this site concerning the Iraqi Dinar and supposed distribution of related currency counting machines. (...some even in armored vehicles to banks ) I figured the company that makes the machines should know all about the NID and what is going on. Well, I emailed them and asked if they were indeed selling the machine to banks, for the purpose of counting the new Iraqi Dinar. After just a few hours, a very courteous gentleman responded to the email and called on my cell. I asked him if the Iraqi dinar is one of the currencies the Delarue machine counted and he replied "no". However the Delarue machine he said "is used by banks around the world to count over 80 different currencies" This Delarue salesman knew nothing about the Iraqi dinar and he sounded very believable. Why would he lie? So, her I sit confounded as to how the Delarue machine was somehow linked to the Iraqi dinar. And I wonder why so many people make-up things and post information that is not based on fact. http://www.delarue.com/ All Banks in the United States have De La Rue Machines if you didn't know De La Rue makes the ATM Machines you use every day They get programed to the needs of the customers Knowledge is Power when you lisen to the Guru's and Have knowledge of the subjects the Guru's are trying to subject there false info or Opinion on , there Guru status get's yanked !!!! 2 Link to comment Share on other sites More sharing options...
Joeysixtsix Posted April 23, 2012 Report Share Posted April 23, 2012 Why people make such a big deal about this machine is beyond me. It counts/checks many different currencies including Iraqi Dinar. Are banks using it for Iraqi Dinar? Of course not they don't currently accept Iraqi Dinar! Will a bank have to have one to exchange Dinar in the future? Nope. Anyone who has ever dealt with large amounts of cash has surely seen the teller put your money in the counter, it also checks each note for authenticity.Occasionally (if a bill is creased,written on etc.) it stops counting if it detects a problem at which point the teller usually checks the bill manually or sticks it back in the machine. It's not a 'special machine' for the Dinar. It's 2012 folks there are not separate bill counters for each currency and there are ways other than a machine to verify currency. The IQD is not some super special currency it will be treated like any other note once it becomes international. 1 Link to comment Share on other sites More sharing options...
bubs Posted April 24, 2012 Report Share Posted April 24, 2012 Why people make such a big deal about this machine is beyond me. It counts/checks many different currencies including Iraqi Dinar. Are banks using it for Iraqi Dinar? Of course not they don't currently accept Iraqi Dinar! Will a bank have to have one to exchange Dinar in the future? Nope. Anyone who has ever dealt with large amounts of cash has surely seen the teller put your money in the counter, it also checks each note for authenticity.Occasionally (if a bill is creased,written on etc.) it stops counting if it detects a problem at which point the teller usually checks the bill manually or sticks it back in the machine. It's not a 'special machine' for the Dinar. It's 2012 folks there are not separate bill counters for each currency and there are ways other than a machine to verify currency. The IQD is not some super special currency it will be treated like any other note once it becomes international. BINGO! De La Rue does not sell currency counters anymore and hasn't since they sold that part of their operations in late 2008 to Talaris. The vaunted 8625 shown in the YouTube video is not a current model and, regardless, counterfeit detection has always been an option. There's certainly a possibility that the unit in the video is neither counting by denomination or using any sort of counterfeit bill detector. This brief article sums up the role of De La Rue machines, "Gurus", and "intel" in the value of the Iraqi Dinar: http://tinyurl.com/6ztctsn Link to comment Share on other sites More sharing options...
gregp Posted April 24, 2012 Report Share Posted April 24, 2012 I have been reading the information on here for a long time but this is my first time to post. Frankly, I don't understand this because Ali will have to have these machines to exchange currencies. To me, to debunk the machines is to say that Ali is dishonest yet he is a member of Better Business Bureau and has had no complaints against his company. Is he just selling the Dinars with no intention of buying them back. If so, he really good at his con game. He talks to most everyone who calls him. He is talking about opening additional offices. This can only be to cash in. He does not need several offices to sell Dinars. He is doing that via the net. No one walks into his office to buy Dinars. But they will be walking into his office to exchange currencies. But here again, maybe that particular person that he talked to just was not well informed. Maybe he was told not to acknowledge the delivery, etc. who knows? Ali got his hands slapped by delarue. He was claiming all his dinars were certified by delarue, but in reality they weren't. Delarue was pissed. So don't believe all you read. Ali did have some other legal issues in other states. 1 Link to comment Share on other sites More sharing options...
RRSport Posted April 24, 2012 Report Share Posted April 24, 2012 82ndAirborne, you have just contributed to the rumor mill by this post..not true IMO (see below) Ali at Dinar Trade certifies that all of the IQD's he sells have been checked by a De La Rue counting and authentication machine! I do not think that he is lying .. why would he? As far as the info from the guy who called you, ask him if he would want an education from someone who uses the machine (probably at least weekly) in his business selling the IQD, Ali. IMO the guy is not a lier, he just has no experience with the IQD. How many people are dealing in buying and selling IQD as a business? Not many. When Ali starts buying back some day, you can bet your house that he will make sure what he buys back is authentic and counted correctly and use the DLR machines to do that. So here is the link to the IQD and the DLR machine from one source..the biggest source in the USA..Dinar Trade. Go figure! Not made up, just fact and not so sure why such a big deal. I have bought a lot from Ali at Dinar Trade and every shipment has the certificate of authenticity with them stating the DLR machine use. DinarTrade.com lol Hi Ali, and Mom said you must come upstairs now coz dinners ready. 1 Link to comment Share on other sites More sharing options...
mcjocky1 Posted April 24, 2012 Report Share Posted April 24, 2012 82ndAirborne, you have just contributed to the rumor mill by this post..not true IMO (see below) Ali at Dinar Trade certifies that all of the IQD's he sells have been checked by a De La Rue counting and authentication machine! I do not think that he is lying .. why would he? As far as the info from the guy who called you, ask him if he would want an education from someone who uses the machine (probably at least weekly) in his business selling the IQD, Ali. IMO the guy is not a lier, he just has no experience with the IQD. How many people are dealing in buying and selling IQD as a business? Not many. When Ali starts buying back some day, you can bet your house that he will make sure what he buys back is authentic and counted correctly and use the DLR machines to do that. So here is the link to the IQD and the DLR machine from one source..the biggest source in the USA..Dinar Trade. Go figure! Not made up, just fact and not so sure why such a big deal. I have bought a lot from Ali at Dinar Trade and every shipment has the certificate of authenticity with them stating the DLR machine use. DinarTrade.com lol You are of course "extracting the urine" with this post. Why would a representative of DeLaRue need instruction on the use of a machine that they build, let alone the outdated machine seen on the picture on another post on this thread, that "Ali" is supposed to use to verify his notes. Please avail yourself of the information available on-line from DeLaRue/Talaris and see the size of some of the machines that Central Banks use. In all honesty, to use your own phrase "you can bet your house" I hope is not something you have done. On the subject of Certificates of Authenticity, if these are numbered they constitute a legal document, and if not are not worth the paper they are photocopied onto. Link to comment Share on other sites More sharing options...
Fleming Posted April 27, 2012 Report Share Posted April 27, 2012 Does anybody have any info (or opinion) about SafeDinar's authentication via a special software instead of the DLR?.. their website says, in the FAQs: Q: WHY DON'T YOU USE A DE LA RUE VERIFICATION SYSTEM LIKE SOME OF YOUR COMPETITORS? A: We use professional commercial grade money handling systems that have anti- counterfeit software installed specific to the Iraqi Dinar. These are the only money handling systems with this specific software that we are aware of. Thx..... Link to comment Share on other sites More sharing options...
dinarslave Posted April 27, 2012 Report Share Posted April 27, 2012 I think the real question is who printed the dinars that we all hold? If it wasn't Delarue, then how can they use their machines to verify that our dinars are not counterfeit? Link to comment Share on other sites More sharing options...
NMGarand Posted April 27, 2012 Report Share Posted April 27, 2012 If you go to the buying and selling dinar forum below this dinar rumors forum in this site, you will see a thread posted by DOC31 titled: stop depending on your certificates and delarue machines. It is pinned 2nd from the top thread. It will answer most of your questions about verifying your Iraqi dinar. And it will show you how to verify your own dinar in approximately 2 to 3 seconds per note. I think you will be glad you read it. Hope this helps. NMGarand Link to comment Share on other sites More sharing options...
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