George Hayduke Posted December 12, 2011 Report Share Posted December 12, 2011 GH, Fly into Arbil, Kurdistan. They have a Warka Branch office there that you can deposit your hard currency. Doh! Why didn't I think of that... 1 Link to comment Share on other sites More sharing options...
Carrello Posted December 12, 2011 Report Share Posted December 12, 2011 GH, Fly into Arbil, Kurdistan. They have a Warka Branch office there that you can deposit your hard currency. How would you get the physical currency there? Thx. 1 Link to comment Share on other sites More sharing options...
pontiyak Posted December 13, 2011 Report Share Posted December 13, 2011 (edited) "during the next biennium"..... is that one or two parsec's ? I could never keep my Star Wars time schedule straight... Where's Hans Solo when ya need him ? The best things in life RV yak Edited December 13, 2011 by pontiyak 2 Link to comment Share on other sites More sharing options...
DAME1 Posted December 13, 2011 Report Share Posted December 13, 2011 Yea if they do move forward and agree to remove the zeros then the two currencies would run side by side until the exchange period is over and then the bills we hold now would be deemed worthless..... I dont mean that they would close the borders literally to everyone and everything, just that they would not allow any dinar to enter Iraq period for exchange purposes... Yes ....Keep because that's what all Sovereign Nations do nothing personal but that's not happening...... 3 Link to comment Share on other sites More sharing options...
Sanssouci Posted December 13, 2011 Report Share Posted December 13, 2011 "during the next biennium"..... is that one or two parsec's ? I could never keep my Star Wars time schedule straight... Where's Hans Solo when ya need him ? The best things in life RV yak A biennium is a superfluous way of saying two years, which is two yahren in Battlestar Galactica-speak. 1 Link to comment Share on other sites More sharing options...
alan_coaks_3 Posted December 13, 2011 Report Share Posted December 13, 2011 this is not good at all Link to comment Share on other sites More sharing options...
fuzzy77 Posted December 13, 2011 Report Share Posted December 13, 2011 I have a question. If you have a Warka Bank account with 1,000,000 dinar when the RV hits. Who is to say that Iraq will still not simply say that with the deletion of zeroes on the currency, they will need to do the same to your bank balance?? Just an honest question so PLEASE no negative hits Link to comment Share on other sites More sharing options...
JayP Posted December 13, 2011 Report Share Posted December 13, 2011 I have a question. If you have a Warka Bank account with 1,000,000 dinar when the RV hits. Who is to say that Iraq will still not simply say that with the deletion of zeroes on the currency, they will need to do the same to your bank balance?? Just an honest question so PLEASE no negative hits This is actually a very good question and point. The truth is, IF they were to redenominate, then it would affect the bank accounts as well. In my opinion, as far as a redenomination is concerned, the bank accounts I do not believe will offer any protections from the exchange of old to new for a 1000:1 in the process of the deletion of the zeros. Link to comment Share on other sites More sharing options...
Anti This Anti That Posted December 13, 2011 Report Share Posted December 13, 2011 Why don't you people get off the roller coaster, and go visit the IQD team for some real facts, and news? LOL! Oh and by the way, there's not going to be an RV of 1 to 1, it will be some where close to Kuwaits $3.60 some where in the 3 + range. LOL! 2 Link to comment Share on other sites More sharing options...
George Hayduke Posted December 13, 2011 Report Share Posted December 13, 2011 How would you get the physical currency there? Thx. Carrello - that was pretty much my question. It appears his answer is intended to be humorus in that the Warka home page does not list a branch in Kurdistan. But, now after reading another post regarding digital banking it does not appear having ones IQD in a Warka account will protect it from a devaluation. For right now, I will remain a cash and carry RV hopeful. Best to you this week. GH Link to comment Share on other sites More sharing options...
keepmwlknfny Posted December 13, 2011 Report Share Posted December 13, 2011 Why don't you people get off the roller coaster, and go visit the IQD team for some real facts, and news? LOL! Oh and by the way, there's not going to be an RV of 1 to 1, it will be some where close to Kuwaits $3.60 some where in the 3 + range. LOL! I really hope you arent being serious........ 1 Link to comment Share on other sites More sharing options...
randalln Posted December 13, 2011 Report Share Posted December 13, 2011 I really hope you arent being serious........ keep those guys are stupid They just confirmed that the rate is $1 and will be in effect till all the 000's are brought in........... 1 Link to comment Share on other sites More sharing options...
keepmwlknfny Posted December 13, 2011 Report Share Posted December 13, 2011 keep those guys are stupid I figured that much....I have seen a couple of their chats/scripts from calls.... 1 Link to comment Share on other sites More sharing options...
caz1104 Posted December 13, 2011 Report Share Posted December 13, 2011 keep those guys are stupid They just confirmed that the rate is $1 and will be in effect till all the 000's are brought in........... Who is "they"? Link to comment Share on other sites More sharing options...
trooper Posted December 13, 2011 Report Share Posted December 13, 2011 Finance Committee: signs that the Iraqi dinar is confirmed, the dollar during the next two years Tuesday, 13 December-December 2011 13:04 next post in the news section 1 Link to comment Share on other sites More sharing options...
caz1104 Posted December 13, 2011 Report Share Posted December 13, 2011 Finance Committee: signs that the Iraqi dinar is confirmed, the dollar during the next two years Tuesday, 13 December-December 2011 13:04 next post in the news section Thanks thats where I'm headin now Link to comment Share on other sites More sharing options...
unirod Posted December 14, 2011 Report Share Posted December 14, 2011 How would you get the physical currency there? Thx. Carrello, Jennifer Lopez's bottom won't have anything on me!! LOL Put it in your pockets, be creative, declare it to customs if you want to tell on yourself. But I plan to only take 1 mill increments for safety. Carrello - that was pretty much my question. It appears his answer is intended to be humorus in that the Warka home page does not list a branch in Kurdistan. But, now after reading another post regarding digital banking it does not appear having ones IQD in a Warka account will protect it from a devaluation. For right now, I will remain a cash and carry RV hopeful. Best to you this week. GH GH, I just read an article that stated the Bank of Kuwait just bought $5 Billion USD in an Iraq bank on the ISX. I don't think the Kuwaiti bankers are stupid enough to buy Iraqi Bank shares, if there was going to be a Dinar devaluation. They are looking for many 1000's% on ROI when an R/V strikes!!! Link to comment Share on other sites More sharing options...
Stryker365 Posted December 14, 2011 Report Share Posted December 14, 2011 Carrello, Jennifer Lopez's bottom won't have anything on me!! LOL Put it in your pockets, be creative, declare it to customs if you want to tell on yourself. But I plan to only take 1 mill increments for safety. GH, I just read an article that stated the Bank of Kuwait just bought $5 Billion USD in an Iraq bank on the ISX. I don't think the Kuwaiti bankers are stupid enough to buy Iraqi Bank shares, if there was going to be a Dinar devaluation. They are looking for many 1000's% on ROI when an R/V strikes!!! You make a great point and something that crossed my mind too, also when I read that article I thought that $5 billion investment into a country's stock market that my country was going to keep in Chapter 7 just did not make much sense to me. Maybe a sign that Kuwait was in an agreement to help release Iraq from 7, IMO Link to comment Share on other sites More sharing options...
uncirculd Posted December 14, 2011 Report Share Posted December 14, 2011 wow, no comment. Link to comment Share on other sites More sharing options...
yota691 Posted December 14, 2011 Report Share Posted December 14, 2011 How do you even think that they will close the Borders. You can't invite everybody in the world, an ANNOUCE your OPEN 4 BUSINESS!! Just not gonna HAPPEN. Link to comment Share on other sites More sharing options...
Anti This Anti That Posted December 14, 2011 Report Share Posted December 14, 2011 I really hope you arent being serious........ I am 100% serious. 1 4 Link to comment Share on other sites More sharing options...
George Hayduke Posted December 14, 2011 Report Share Posted December 14, 2011 (edited) GH, I just read an article that stated the Bank of Kuwait just bought $5 Billion USD in an Iraq bank on the ISX. I don't think the Kuwaiti bankers are stupid enough to buy Iraqi Bank shares, if there was going to be a Dinar devaluation. They are looking for many 1000's% on ROI when an R/V strikes!!! If you are speaking of NBK (National Bank of Kuwait) this is what is listed on their home page: http://www.nbk.com/nbknetwork/Iraq_en_gb.aspx NBK was one of the original three banks to be granted a license to operate in Iraq and later in 2005 the first bank to successfully complete the purchase of an Iraqi bank, (Credit Bank of Iraq ‘CBI’). CBI was originally set up in 1998 by traditional Iraqi merchant families with a paid up capital of ID200 million before the bank was listed on the stock exchange in 2004. In 2005, when NBK acquired its 75% stake in CBI, it also increased the bank’s capital. NBK helped develop CBI and advance it to be one of the top private banks in Iraq Today, CBI offers a range of services for retail customers, as well as transfer and trade finance services for local and international companies and contractors. CBI’s branch network includes ten branches in Baghdad, one in Basra and one in Hellah in addition to a business center in the MTC Iraq/Atheer premise in Mansour. As communications and security continue to improve, CBI is working to widen its product offering and increase its reach. In addition to having a branch in New York, they also list a net profit of USD$219,000,000 for the first nine months of 2011. It would seem to me that with ten branches in Iraq, one could deposit IQD in New York for transfer to an Iraq account. GH Edited December 14, 2011 by George Hayduke Link to comment Share on other sites More sharing options...
Carrello Posted December 14, 2011 Report Share Posted December 14, 2011 If you are speaking of NBK (National Bank of Kuwait) this is what is listed on their home page: http://www.nbk.com/nbknetwork/Iraq_en_gb.aspx NBK was one of the original three banks to be granted a license to operate in Iraq and later in 2005 the first bank to successfully complete the purchase of an Iraqi bank, (Credit Bank of Iraq ‘CBI’). CBI was originally set up in 1998 by traditional Iraqi merchant families with a paid up capital of ID200 million before the bank was listed on the stock exchange in 2004. In 2005, when NBK acquired its 75% stake in CBI, it also increased the bank’s capital. NBK helped develop CBI and advance it to be one of the top private banks in Iraq Today, CBI offers a range of services for retail customers, as well as transfer and trade finance services for local and international companies and contractors. CBI’s branch network includes ten branches in Baghdad, one in Basra and one in Hellah in addition to a business center in the MTC Iraq/Atheer premise in Mansour. As communications and security continue to improve, CBI is working to widen its product offering and increase its reach. In addition to having a branch in New York, they also list a net profit of USD$219,000,000 for the first nine months of 2011. It would seem to me that with ten branches in Iraq, one could deposit IQD in New York for transfer to an Iraq account. GH Thanks George! This is something to look into, which I will do later. Got to go to a clients and bring home some bacon. Do you remember the fog when we were kids in LB? Unirod, thanks for the answers about the cash. I did do that once and quite a sum to London. Ah, the old days. Link to comment Share on other sites More sharing options...
success7 Posted December 14, 2011 Report Share Posted December 14, 2011 I am 100% serious. I AGREE WITH YOU.....If you have ever listened to them and not just read the post you would know how right they are... 1 Link to comment Share on other sites More sharing options...
George Hayduke Posted December 14, 2011 Report Share Posted December 14, 2011 Thanks George! This is something to look into, which I will do later. Got to go to a clients and bring home some bacon. Do you remember the fog when we were kids in LB? Nothing like the Tule fog we experience this time of the year up here in the San Joaquin Valley - Although, I do remember being frustrated about going up to Signal Hill and not being able to watch the submarine races due to the fog - or maybe it was just the front window that was fogged up It was either the weather or my memory that is hazy... selective memory loss and plausible deniability both apply to protect the not so innocent... Ah yes, the good 'ol days in Long Beach Link to comment Share on other sites More sharing options...
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