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poorman

By poorman,
in Dinar Rumors

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poorman Newbie

poorman

Posted
Posted (edited)

Revaluation of the Dinar

From: (removed email addresses)

--------------------------------------------------------------------------------

Iraqi Dinar Investors,

Below please find more recent substantiation that only cash Dinars held by people within Iraq and Dinars held in Iraqi commercial bank accounts will be those that will be exchanged or revalued when the CBI makes the decision to make any adjustments to the Iraqi Dinar.

Regards,

David http://iqd.me/l/11

(remove contact info)

From: Mohammad K. Issa

Sent: Thu, 17 Mar 2011 09:05:38 +0300

To: 'T**********

Subject: RE: sending cash?

Dear Sir,

Please note that it in accordance with the regulations set by the CBI Iraqi banks are not permitted to hold IQD accounts at their corresponding bank and are prohibited from receiving cash deposits or wire transfers in IQD currency where the only legal method of funding your account is through a USD bank to bank wire transfer.

Furthermore and as posted on our website Iraqi Customs no longer permit courier companies operating in Iraq to receive and deliver packages containing funds of any currency and will be confiscated accordingly.

For further information related to your account please take a moment to visit our website http://www.warka-bank.com/ href="http://www.warka-bank.com/">www.warka-bank.com news bulletin to view the latest notices and the contact details of the related departments that will best handle your inquiries. We have several departments that will specifically handle each banking affair to your best interest by contacting them directly.

Thank you for following our regulations, guidelines and working procedures which have been set to best serve our esteemed clients.

Best regards,

Mohammad K. Issa

Deputy Managing Director

Senior Executive

Warka Bank for Investment and Finance

This e-mail is confidential and the information contained in it is privileged. It should not be read, copied or used by anyone other than the intended recipient. If you have received it in error, please contact the sender immediately by return email, and delete the e-mail and do not disclose its contents to any person.

--------------------------------------------------------------------------------

From: Ta***********

Sent: Wednesday, March 16, 2011 6:42 PM

To: Mohammad K. Issa

Subject: sending cash?

Mr Issa, I have an account opened through Bil* *******k. If I also have some cash dinars would it be possible for me to send these to you and include them for additional credit on my account? Please advise me as soon as it is convenient for you-thanks T**********

Edited by pleasantvalleySunday
personal information removed
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Dalite Newbie

Dalite

Posted
Posted

This would possibly protect US citizens from subjecting themselves to an in country redenomination where they may expose themselves with funds held in a CBI sanctioned bank in Iraq.

Looks like http://iqd.me/l/11 is twisting a few more screws.

Just a guess, but when you invest overseas, you expose yourself to an additional set of regulations, unless you plan on using the funds to make purchases in Iraq and deal with Customs to retrieve your value.

It does appear the CBI is tightening up on it's controls.

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iceburgpens Newbie

iceburgpens

Posted
Posted (edited)

David http://iqd.me/l/11 is a "reverse pumper". All he/it ever throws out is negative perspectives on this investment. IMO I think we will see something (not saying what) around June-ish. Some pumpers will say it will happen Monday, Wednesday, or Friday of next week, but I firmly believe the Iraqi Dinar will NOT stay ay 1170 from now until the end of time. If folks hold on lond enough, they will see a positive return on their investment. It may not be "millions" overnight, but it will be "millions" over time.

Edited by iceburgpens
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dog53 Newbie

dog53

Posted
Posted

Revaluation of the Dinar

From: (removed email addresses)

--------------------------------------------------------------------------------

Iraqi Dinar Investors,

Below please find more recent substantiation that only cash Dinars held by people within Iraq and Dinars held in Iraqi commercial bank accounts will be those that will be exchanged or revalued when the CBI makes the decision to make any adjustments to the Iraqi Dinar.

Regards,

David http://iqd.me/l/11

(remove contact info)

From: Mohammad K. Issa

Sent: Thu, 17 Mar 2011 09:05:38 +0300

To: 'T**********

Subject: RE: sending cash?

Dear Sir,

Please note that it in accordance with the regulations set by the CBI Iraqi banks are not permitted to hold IQD accounts at their corresponding bank and are prohibited from receiving cash deposits or wire transfers in IQD currency where the only legal method of funding your account is through a USD bank to bank wire transfer.

Furthermore and as posted on our website Iraqi Customs no longer permit courier companies operating in Iraq to receive and deliver packages containing funds of any currency and will be confiscated accordingly.

For further information related to your account please take a moment to visit our website http://www.warka-bank.com/ href="http://www.warka-bank.com/">www.warka-bank.com news bulletin to view the latest notices and the contact details of the related departments that will best handle your inquiries. We have several departments that will specifically handle each banking affair to your best interest by contacting them directly.

Thank you for following our regulations, guidelines and working procedures which have been set to best serve our esteemed clients.

Best regards,

Mohammad K. Issa

Deputy Managing Director

Senior Executive

Warka Bank for Investment and Finance

This e-mail is confidential and the information contained in it is privileged. It should not be read, copied or used by anyone other than the intended recipient. If you have received it in error, please contact the sender immediately by return email, and delete the e-mail and do not disclose its contents to any person.

--------------------------------------------------------------------------------

From: Ta***********

Sent: Wednesday, March 16, 2011 6:42 PM

To: Mohammad K. Issa

Subject: sending cash?

Mr Issa, I have an account opened through Bil* *******k. If I also have some cash dinars would it be possible for me to send these to you and include them for additional credit on my account? Please advise me as soon as it is convenient for you-thanks T**********

Sounds like their just tighting the system to me. Getting ready for the rv. They don't want all this money flowing through their banks. They want it wired through US banks . Takes more of a burden off them

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len Newbie

len

Posted
Posted

Do a search for this http://iqd.me/l/11 guy, Adam has already debunked his BS. He is trying to take a 20% cut for himself by scaring you into using him. he is a thief and he is B.S. ......nuff said!

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WowLewi Newbie

WowLewi

Posted
Posted

My correspondence with David http://iqd.me/l/11 in April 2011 may interest you as it reveals the tactics he uses to sell Dinar.

First email

From: davidpratt [mailto:dpratt@xxxxxxx.com]

Sent: Wednesday, April 27, 2011 12:46 PM

To: Lewis xxxxxx

Subject: Iraqi Dinar-The Final Chapter

Iraqi Dinar Investors,

If the monetary policy adjustment recommendation made twice now in the past two weeks by the CBI , that involves eliminating 3 zeros and issuing new Dinar banknotes, is approved by Iraq’s Parliament and becomes a reality, investments in the Dinar’s appreciation will have lost virtually all of the leverage many had expected . After the exchange of paper which will be physically and exclusively conducted by the CBI over a two month period is concluded, the Dinar will be listed on the FOREX at somewhere between 75 and 85 cents and daily free trading will commence. This is because each 25,000 Dinar banknote currently in circulation will be exchanged evenly for a new 25 Dinar banknote. The 25,000 note currently sells for around 18-$19 US, thus the price per Dinar will be valued at a little less than one dollar.

While anything can happen and “it isn’t over until it is over”, this is the most likely scenario we have to look forward to. There are however, a few very obvious parts to this huge reduction in the float that can only be construed as very positive and influencing. It is primarily due to their existence that I am suggesting for all of you to buy the Dinar now and hold them in a Dinar denominated Iraqi commercial bank account.

By doing so you will lock in your price or cost basis at the eventual conversion price of 75 -85 cents US. When the dinar begins trading it will most definitely open higher than this new conversion price. I will explain why in a moment but, I will go on record right now and tell you that the Dinar will open trading at between $1.50- $2.00 minimum and close the first day of trading there too. This is why the price you are paying now will not be available once trading begins on the FOREX. I see the Dinar quickly rising within days to the 3.00 –$ 3.50 range. This is because history tells us the Dinar traded at those levels in the past and, the truth is, history is ALWAYS repeated in the price movement of stocks and commodities. This is true and has been proven time and time again.

$3.00 to $3.50 is it though. Party over!! Remember this is a currency not a stock. Take a look at the prices across the board of the world’s currencies. The Dinar will be categorized as an “Exotic” currency also , which may be why it only reaches $3.00 and probably starts to stumble for a while before going higher eventually reaching its previously traded highs. So much is happening so fast in Iraq that when the Dinar starts trading it will go to where it is supposed to be and it will go there quickly. In a matter of days , maybe a few weeks at most , the highs will be met and I personally will be selling and suggesting that you also sell into that strength. My target is $3.00. The upside beyond that is limited anyway and I prefer letting someone else take that risk. The following are the fundamental reasons I base the anticipated move in the value of Dinar for the short term. I will close with something I can do also to make this suggestion even more attractive.

The Dinar will go higher from the start of trading on the Forex because:

1. Introduction of the Iraqi Dinar to the FOREX and the world stage means instantaneous exposure to money managers worldwide as an investment grade opportunity for growth and diversification. Mega sources of capital from individuals and institutions globally will now become available to Iraq. We are only a small percentage of people around the world who know the big picture on Iraq and most of the big money has been precluded from investing in the Dinar due to a lack of liquidity, which changes when it starts trading on the FOREX . All of this will bid up the price. The Dinar will be overwhelmingly thought of as an investment with less risk now trading on the FOREX than before . The spread between purchase and sale prices of the Dinar will tighten up. This is all good!

2. I cannot begin to know just how big a part of the first day’s gap upward in price will come from the trillions of dinars today considered part of the float but, soon to be instantly recognized as undeliverable to the CBI for exchange. This event will be responsible for part of it that is a certainty. Leaving only the paper currency in Iraq and the dinars held in Iraqi commercial banks as being only those recognized as legitimate dinars ,this event will be the other big upward influence and spike the Dinars price immediately on the FOREX. How big? Combine and add up all of the Dinars sold over the last 8 years by all of the currency dealers and the banks in the U.S. for starters………BIG!!! If you still need substantiation and are not convinced that I am correct here contact me and I will provide you with the facts reflecting current CBI policy on the Dinar. It will require a change in policy and a very generous Iraq for the outcome to be any other way. That said, this is a realistic return one can expect from investing in the Dinar and clearly one that justifies consideration.

What I can do to help:

Going forward, any new account will be able to purchase Dinars at reduced prices from this point on until further notice at the price of $1050.00 / million IQD. Purchases above 25 million IQD and above will be made at reduced prices. If you are interested in opening an account contact us and we will send you the account opening instructions and account application which you can fill out online and return.

Thanks for your time and consideration.

Best,

David http://iqd.me/l/11

My Response:

From: Lewis xxxxxx [mailto:xx@xxxxxxx.com]

Sent: Thursday, April 28, 2011 12:27 PM

To: davidpratt

Subject: RE: Iraqi Dinar-The Final Chapter

A quick question…. Wouldn’t eliminating the three zeros also affect Dinar held in an account? (i.e. 1,000,000 Dinar in an account is changed to 1,000 Dinar). If so, what is the benefit of an account? I am not being devil’s advocate I am just trying to get clarity before I open an account.

Regards,

Lewis

Pratts Response

From: davidpratt [mailto:dpratt@xxxxxxx.com]

Sent: Thursday, April 28, 2011 1:01 PM

To: Lewis xxxxxx

Subject: RE: Iraqi Dinar-The Final Chapter

It will certainly affect them in the way one will have fewer dinars at a higher price. Total account value will be unchanged. The dinar just begins its move upward from a significantly higher price.

David http://iqd.me/l/11

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marcuscurtis Newbie

marcuscurtis

Posted
Posted

Revaluation of the Dinar

From: (removed email addresses)

--------------------------------------------------------------------------------

Iraqi Dinar Investors,

Below please find more recent substantiation that only cash Dinars held by people within Iraq and Dinars held in Iraqi commercial bank accounts will be those that will be exchanged or revalued when the CBI makes the decision to make any adjustments to the Iraqi Dinar.

Regards,

David http://iqd.me/l/11

(remove contact info)

From: Mohammad K. Issa

Sent: Thu, 17 Mar 2011 09:05:38 +0300

To: 'T**********

Subject: RE: sending cash?

Dear Sir,

Please note that it in accordance with the regulations set by the CBI Iraqi banks are not permitted to hold IQD accounts at their corresponding bank and are prohibited from receiving cash deposits or wire transfers in IQD currency where the only legal method of funding your account is through a USD bank to bank wire transfer.

Furthermore and as posted on our website Iraqi Customs no longer permit courier companies operating in Iraq to receive and deliver packages containing funds of any currency and will be confiscated accordingly.

For further information related to your account please take a moment to visit our website http://www.warka-bank.com/ href="http://www.warka-bank.com/">www.warka-bank.com news bulletin to view the latest notices and the contact details of the related departments that will best handle your inquiries. We have several departments that will specifically handle each banking affair to your best interest by contacting them directly.

Thank you for following our regulations, guidelines and working procedures which have been set to best serve our esteemed clients.

Best regards,

Mohammad K. Issa

Deputy Managing Director

Senior Executive

Warka Bank for Investment and Finance

This e-mail is confidential and the information contained in it is privileged. It should not be read, copied or used by anyone other than the intended recipient. If you have received it in error, please contact the sender immediately by return email, and delete the e-mail and do not disclose its contents to any person.

--------------------------------------------------------------------------------

From: Ta***********

Sent: Wednesday, March 16, 2011 6:42 PM

To: Mohammad K. Issa

Subject: sending cash?

Mr Issa, I have an account opened through Bil* *******k. If I also have some cash dinars would it be possible for me to send these to you and include them for additional credit on my account? Please advise me as soon as it is convenient for you-thanks T**********

http://iqd.me/l/11's information is bogus. I believe he has an agenda let me show you some other emails this guy has sent out with responses.

This comment is from Michael,

Good evening Mr.Curtis. I think your blog is excellent!

I got this email today from this David http://iqd.me/l/11 guy. He says that it is now illegal to sell IQD outside Iraq according to the CBI? What are your thoughts on this one please?

Dinar Investors,

The following statement is a response from the Iraqi Embassy in Washington and I feel I should pass it on while waiting for more specific information. Thank you,

David http://iqd.me/l/11

Fri, January 14, 2011 9:22:40 AM

Clarification on Iraqi Monetary PolicyFrom: amjad jaafer View Contact

To: XXXXXXXXXXXXXX

Cc: commercial attache

——————————————————————————–

Dear Sir,

Thank you for contacting the Iraqi Commercial Attache in Washington DC. Reference to your inquire we would like to inform you that as of now it is illegal to sale Iraqi currency outside Iraq. You can visit Iraq central bank website (http://www.cbi.iq/arabic/index.html) to get more details about Monetary policy in Iraq.

Thanks

From: David http://iqd.me/l/11

Date: Wed, 12 Jan 2011 16:37:22 -0800 (PST)

To:

Subject: Fw: Clarification on Iraqi Monetary Policy

Gentlemen,

Forgive me for sending in a second request for the information I requested only hours ago below. This information is extremely important and considered urgent by many and I am trying to assist them . I appreciate your allocating time to helping us.

Thank you again.

David http://iqd.me/l/11

David http://iqd.me/l/11

xxxxxxxxxxxxxx

—– Forwarded Message —-

From: David http://iqd.me/l/11

To: coxxxxxxxxxxxxxxxx

Sent: Wed, January 12, 2011 12:40:33 PM

Subject: Clarification on Iraqi Monetary Policy

Dear Sir,

I would like to have information regarding the current policies of the Iraqi Government and Central Bank of Iraq concerning the Iraqi Dinar and whether it is legal or illegal according to the laws of the government of Iraq to have the Iraqi Dinar currency outside the borders of the country of Iraq in any way at this time.

A clear statement of the facts regarding the Iraqi Dinar paper currency and the rules and regulations those in possession of it should be aware of would be sufficient. If you could have my request answered quickly with the response written on your letterhead, then scanned and e-mailed back to me at this address as soon as possible I would be very grateful.

Thank you for your prompt attention to this matter.

Very Sincerely Yours,

David http://iqd.me/l/11

xxxxxxxxxx

Director AMERAQ Exchange and Services Group

Wow Really????? This was my response.

It is not Illegal to sell or purchase dinar outside Iraq. Ask your self one question. Who would gain from such a rumor? Before I address this let me tell you why it is not illegal. First executive order 13033 makes it legal for us to invest in Iraq. This includes holding, purchasing, and selling dinar. Second if such a law exist customs would not allow the dinar dealers to import the dinar. Third Dinar dealers have a license called MSB. This stands for Money Service Business. This is issued by the department of treasury. Most reputable dinar dealers have this license. If they were doing an illegal act, the treasury would shut them down.

http://www.fincen.go...teselector.html

http://www.dinartrad...us_treasury.htm

I had some friends contact the FBI concerning the legality of this and they said that there are scams concerning the dinar, but the dinar itself is not a scam. They also said that dinar trade is not doing anything Illegal. The other currency dealers such as Dinar banker are also legal regarding their transactions. ( note this was written while dinar trade was still doing business.)

There are some interesting points regarding this email. First to prove this law they put a link in for the CBI in Arabic. There is an exact version of this website in English, You can look up the laws regarding the CBI in English from their own site! Here is the link.

Link 1

Nothing in this link even mentions this law. There are new laws in place regarding money laundering using the dinar. Basically this practice is done to avoid paying taxes. It does not say that it is Illegal to hold or sell dinar outside of Iraq!

Link 2

It seems that Mr. http://iqd.me/l/11 is spreading this rumor in an effort to get people to open up an account with his US dinar bank. This whole thing wreaks of scam. A few months back bankers from Warka bank in Iraq said the same thing in an interview in an effort to increase their deposits. The whole thing was debunked in later articles.

Now that this motive has been revealed let us dig deeper. This comment is from Diesel

Marcus thanks for the information, it is much appreciated.

In regards to David http://iqd.me/l/11 et al. I had about an hour long conversation with an employee of that business. I must say they made a compelling argument and I was sorely tempted to initially invest with them. That is until they dropped the bombshell.

I asked if there are any fees associated with the ‘fund’ that I was to invest in. Essentially what happens is you sign an agreement with the company stating that you give US Dinar Banker all rights to your money and that they have controlling interest on said funds. So basically they can do with it as they please.

There is a 2% fee for managing the funds, but there is a 2% interest rate given by Warka Bank in Baghdad, so that is a wash.

Lastly, whenever you want to withdraw your money, that being pre or post RV there is a 20% FEE. So, if it does RV, lets play pretend for a moment, and its 1 USD for 1 IQD and you have a million in Dinar. Then the group from US Dinar Banker would get $200,000 of YOUR money.

So, the scam isn’t the Dinar Dealers selling you currency, it is these guys. FYI.

Thank you Diesel for your insight. Now that everyone knows the source of the rumor and why these people are saying this. Now let me explain why this will not be the case and settle the matter once and for all

Link to debunk http://iqd.me/l/11

It is my opinion that this guy is using fear tatics to get people to invest their dinar with him. I do not trust him. a 20 percent fee for holding dinar is pretty steep. It is his goal to get you to believe that all is lost unless you let this man hold your dinar. Now you see his motive!!

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stenz68 Newbie

stenz68

Posted
Posted

I almost signed up with this http://iqd.me/l/11 guy last march then read Adams RV Intel and decided what the heck I'll just open my own warka account thats in my name and money well took about 3 to 4 weeks to get it funded but much better than giving http://iqd.me/l/11 my $$. :)

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kevnutz Newbie

kevnutz

Posted
Posted
Warka Bank for Investment and Finance

This e-mail is confidential and the information contained in it is privileged. It should not be read, copied or used by anyone other than the intended recipient. If you have received it in error, please contact the sender immediately by return email, and delete the e-mail and do not disclose its contents to any person.

Huh... I wonder what they mean by that.

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