[UGA12]

Had a friend of mine mention that he might get into this and asked me had I ever heard of it. I had not, and decided to look at it. It appears it has been going for about 7 years now and it does not appear anyone has anything to show for it. Everything about me says that this is a scam or at least not worth my time, but I do have a question for anyone that knows anything about this. What risk is involved in buying iraqi currency at this point? I mean I understand the riches people are seeking may not be there, but could you not at least recoup your money invested? When I think scam I think you lose all your money under false pretenses. With this would you not be able to get your money back at least? I mean how could the value of the money go down from your original investment when they revalue the currency? Anyone that understands any of this please fill in the gaps for me. Until today I had never heard of this, so keep that in mind if you see clear ignorance on my part. Thanks!

[selkirk]

UGA do not know much about trading foreign currencies, but some can be revalued.

for instance in Greece, there is a good chance that they will eventually have to default on their debt, not sure if they would leave the European Union (would have to if they default) they would then introduce their own currency and anyone with greece debt would take a 30-60% haircut. and the new greece currency would drop sharply.

have no idea about the Iraq currency, in general there are thousands of ideas to invest in, if you are not sure stay away...., sometime if you are not sure who the fool in the trade is.....well guess who it is...

just play stocks and options, though at one time played commodities, sometime in the future may, made large large amounts of profit futures in 1999 on coffee futures.

loss all my gains over six months, on a short squeeze that tooks 3-4 days....plus around $5000US (well around $3500 plus large gains)....live and learn. if you are not sure about a trade, stay away....better safe than sorry.

last note I was looking at Argentina bonds in their currency paid 19-25%, passed was not sure, six months later they went broke.

hope this helps and good luck

thanks
selkirk

[UGA12]

Correct me if I am wrong, but are you saying that currency can not be revalued unless a nation defaults and starts over with a new currency? If that is the case then what happens to the old currency, is it then worthless or can it be traded in for the new currency. If it can be traded in, is there any way one could make money off of trading in the old currency? I know this isnt your specialty, but I am just trying to understand the basics. At this point I have no intentions of moving on this, but a friend of mine is pulling the trigger and I am just trying to figure out if this kind of trading/investing is legit, or if it is just a scam. Thanks man!

[selkirk]

no, currency trade and can move up and down on a daily basis.

some countries also try to peg their currency to an another currency, for instance some third world countries will peg (or try to ) their currency to the US dollar...so much of their for every US dollar...

in the long run though it is impossible to peg any currency as the market will decide how it should trade, in the end.

the trading in currency markets is huge, and the value of the currencies move daily.

there can be sharp moves in a countries currencies without default...for instance the cdn. dollar can move up or down 20% in value compared to the US dollar in less than a year.

not to complicate this even further, have a knack for that, if resources moved higher, and the worldwide economies move up, then the Aust. and the cdn. dollar will (probably) rally against the US dollar.

often if the world experiences and economic shock or slow down people rush into the US dollar, and these two currencies would drop, the moves can be quite severe. not like a default but still 10-20%. in a short period of time.

have no idea about Iraq currency trade. just aust. and cdn.

thanks
selkirk

[RAYMOND]

I HAVE some DINARS AND BELIEVE ITS GOING TO RV in the near furture

[RAYMOND]

http://thecurrencynewshound.com/2012...-in-september/

[RAYMOND]

http://thecurrencynewshound.com/the-...ly-rv-o-meter/

[RAYMOND]

http://www.youtube.com/watch?v=5UeNzMKJmK0

[RAYMOND]

Phase 1 started in June 2011 and ended in Dec 2011. According to the articles published regarding the end of phase 1 it states Phase 2 would include issuance of the new currency. This particular article indicate September would be the beginning of the dropping of the zeros..which would indicate phase 2. Now in my opinion this indicate phase would begin in April 2012 and roll to a conclusion in September 2012 or phase 2 would possibly begin in September ending six months late in 2013. Never mind when phase 2 begins or ends...It would appear the article gives us a hard date to see the new currency roll out for circulation. If Iraq and Kuwait can find resolution to their issues in the March meeting and find not only Arab support but international support for Iraq's departure from Chapter VII sanctions this would find the UNSC's June meeting promising for Iraq to be lifted entirely from sanctions. And ultimately the IQD becoming recognized globally. This is all starting find a conclusion...Good stuff!

[RAYMOND]

What we all been seeing as of lately is exactly what the reports have told us in the recent past. Each one of these articles gives us a good feel on what is going on and what to expect. All point to the currency being change over in 2013 ht...tp://thecurrencynewshound.com/2011/12/19/cbi-parliament-is-convinced-the-process-of-deleting-three-zeros/ this one as well http://thecurrencynewshound.com/2011...angeover-2013/ This one states that the process will begin in 2012, so weather is happens in April or September we're still in 2012 for the beginning process http://thecurrencynewshound.com/2011...early-in-2012/ this last one states in the second paragraph the results of method to the madness, what the we all hope and are waiting for "Jubouri said that “the trend that the Central Bank of Iraq’s retention rate of the dinar against the dollar during the current period, this index indicates that monetary policy in Iraq is able to make the Iraqi dinar is equal to the dollar” offset any dinar per one dollar" http://thecurrencynewshound.com/2011...ext-two-years/. So the key in my opinion is all eyes on successful meetings between Iraq and Kuwait rapidly approaching. This is our make us or delay us event. UNSC most likely will not act in Iraq's favor if Kuwait is not on board. In light of the recent news between the two countries I'm leaning towards things being resolved this year ( I sincerely hope so). With all that said, it distill to this, we are in a very good position. Everybody continue to be patient, this ride is almost over. As far as I can see, they are doing everything they said they would do.

[RAYMOND]

GREAT INVESTMENT

[RAYMOND]

http://www.ibuydinar.com/?gclid=CKOa...FQfd4AodL2_rFA

[RAYMOND]

http://thecurrencynewshound.com/2012...-in-september/

[RAYMOND]

http://thecurrencynewshound.com/2012...-in-september/

[RAYMOND]

http://theiraqidinar.com/2012/02/20/...-an-iraq-turn/

[UGA12]

It is quite obvious now

[RAYMOND]

also the dong is another good one to get
you can buy 0ne mill dong for 60 dollars a mill
if a rv of 20 cent you can make 200k on a 60 dollars investment, you can alway trade your money into us dollars, very safe

http://dongtalk.com/

[RAYMOND]

Originally Posted by UGA12

It is quite obvious now

i will post the conf call there one tonight with the number and pass word

712-432-1085 pin 157219#
here last week call on tape

[RAYMOND]

Originally Posted by RAYMOND

also the dong is another good one to get
you can buy 0ne mill dong for 60 dollars a mill
if a rv of 20 cent you can make 200k on a 60 dollars investment, you can alway trade your money into us dollars, very safe

http://dongtalk.com/

you can order dong at your bank

td bank is a good place to buy them


the dinar getting very hard to get, you have to go throuht a dealer

[RAYMOND]

a dollar rv on the dinar you can make a million buck on i million dinar which cost 1100 dollars
10 cent make a 100 thousand

[RAYMOND]

its going to happen

[RAYMOND]

exactly true....when you decrease the amount of currency in circulation and use a lower denomination that value that is in those larger notes has to go somewhere and where the value goes is into the lower notes.....making the lower notes "worth more" ....the CBI has already said they are reducing the amount of physical notes out there and going to raise the value of the lower notes. This is just more proof of what we based our investment on all along and that we are extremely close to the goal of seeing the artificial program rate dropped and the real rate instituted.

[RAYMOND]

http://thecurrencynewshound.com/2012...cast-from-cbi/

[RAYMOND]

http://thecurrencynewshound.com/2012...cast-from-cbi/


they will pass china in the near furture $$$$$$$$$$$

[RAYMOND]

http://www.menafn.com/qn_news_story_...yId=1093485294

[RAYMOND]

http://thecurrencynewshound.com/2012...illion-dinars/

[Trampled Underfoot]

Originally Posted by UGA12

It is quite obvious now

[RAYMOND]

thanks buddy you made my day

[RAYMOND]

http://thecurrencynewshound.com/2012...ected-effects/



article. However I see it this way...The person writing the article is aware of investors buying into the dinar. He eludes to the old dinar and new dinar having equal purchasing power and goes on to explain how the rate of $3.22 (pre-war rate) was unsubstantiated and not an accurate equivalency. Perhaps this is correct - I have no problem with this sentiment. However the article concludes the CBI must stabilize the exchange rate by trading it against the USD or a basket of currencies and while a rate of $3.22 is overstated (his words) letting it stabilize against the free market would be appropriate... The authors source contradicts the earlier statement of equal pricing..If the dinar is at a good price floating against the free market (which will only go higher than the current 1166 dinar:1 USD would have increased purchasing power and therefore negates any thought of equality to the current exchange rate - Of course making the currency internationally recognized is a key element to the RV process. One item I am sure all of you caught onto is the "weeks away"...Take that for what its worth. First we hear September, then May, Then back to September, and now weeks away. One way to look at it is...Something is about to happen!



Also...The article suggests the pre-war rate was backed by the gold standard and had high levels of foreign currency reserves. the author tries to suggest Iraq's surplus is minimal when compared to the pre-war era. But I argue today Iraq is backed by nearly $60 billion in foreign currency reserves and gold. In the pre-war era Iraq didn't market its oil globally which is why the sand of Iraq is a breeding ground for oil rigs..today Iraq is the second largest oil producer in the world and very well could be on top in years to come. Saleh from the CBI said on 2/11/12 Iraq aspires the IQD to be equal to the dollar...I
..

..

[RAYMOND]

Things are falling into place especially with the budget being passed recently. There is no way the budget would work wi the currency under the artificial program rate that it is held at now...it only works if the currency gains very substantial value...which is a very good thing for those holding IQD
13 minutes ago