Countdown to 18th=.31

[ROB5891]

I started this thread as a countdown to the 18th. I sense that we are waiting in anticipation for the day to come. This will day will determine whether all of these rumors are true or false and whether our future plans and aspirations will come earlier that we intitially expected. We've heard the rumors and I am hoping they all come true. I am in New York and the time here is 3:00pm. There is approximately 33 more hours left for the 18th to come!

[highrollr19]

I thouhgt we had all agreed that the 18th will not happen now that the ISX appears to be delayed? Did I miss something?

[Psycho for Dinar]

Just a few more days till boss man can (maybe) play an ol' game called pick a cheek!! If not, really didn't mean that sir!!! :D

[Marilyn]

Well, highrollr19, even though we expect to be disappointed, we can't help but watch and wait.

Kinda like a train wreck, you just can't look away...

[highrollr19]

I just thought we all saw that website saying that the ISX is being delayed 2 weeks. I assume a correlation between the two opening dates (dinar and ISX opening up worldwide), and in that assumption, I also figured that the dinar would follow suit and be delayed until early september.

[stealth_545]

on what day is the convention over?

[Flippingj]

There is nothing wrong with hoping that this could happen. I, myself, hopes that this will happen on the 18th. But I fear the truth.

[ROB5891]

what is the truth that you fear?

[Jen39503]

Like i've said before, i havent quit my day job.

[ROB5891]

i hope not jenn. i dont think anyone in their right mind would be so stupid to quit their jobs and put all their eggs in one basket. i for one really appreciate you passing this info onto us in the forum becuase it gives us all a sense of hope and something to look forward to.

[highrollr19]

The truth is that this will be a long term investment! I am right there with you all wishing it would turn us all into overnight millionaires... but I am just a little to down to earth for that. I do believe that one day we may make a lot of money on this, I just don't expect it to be just so soon

[highrollr19]

Jenn-

Have you heard anything more from your hubby? Although I think it is probably just rumor... I still like to know what rumors are being said over there.

[Flippingj]

The truth that I fear is that this will not happen on the 18th

[highrollr19]

it doesnt matter if it opens then or not. It would be 30-45 days after the opening before the US banks were dealing in it anyways.

[ROB5891]

i'm not sure but isnt hsbc of wells fargo going to exchange the day it hits. i dont remember who told me but he said tha wells fargo will do it for a flat rate of 8 dollars

[highrollr19]

I said that they do it for a flat rate (i think $8), but from what I've heard, it won't be the day it hits the market. My friend who works for Wells Fargo said it would be 30-45 days before they would accept it, so I assume that most other banks would probably do the same.

[ROB5891]

That's some good information you brought to my attention. I didnt know it would take a month to a month an a hlaf to exchange

[RogerL]

I just thought we all saw that website saying that the ISX is being delayed 2 weeks. I assume a correlation between the two opening dates (dinar and ISX opening up worldwide), and in that assumption, I also figured that the dinar would follow suit and be delayed until early september.It's quite possible that they were originally correlated, but there's no reason they both have to happen on the same day. The only condition is that the dinar has to be convertible before or at the same time the ISX is open to foreign investment. Otherwise, how would foreigners invest?

Perhaps they intended for both to happen at the same time, but there's no reason they can't go ahead with introducing the dinar internationally unless they can strengthen the dinar further in the next two weeks.

Like all the rest of you, I've got my toes crossed (can't cross fingers since I'm typing this :) ).

[highrollr19]

I am with you on hoping... I just don't want everyone to get their hopes up this early! I am very eager for this to hit the market, but one needs to realize that this investment is going to be about patience. If you are chompiong at the bit, you will get overly excited when it hits 10 cents. That is not a sell point, but for some, they will sell then because they are not patient. I have posted before that people need to set themselves "sell point" and hold themselves accountable to only sell at those points. Otherwise, it will be very difficult to not cash in earlier when you realize that the shoe box under your bed has $100,000 in it! Patience is the game here!!!

[RogerL]

I've got a shipment about to go out any time. Perhaps as early as tomorrow. It'd be scary to think that if it does open according to rumor that there would be a $3.3 million shipment floating out there somewhere.

That scares me just to think about it.

[highrollr19]

I agree that I beleive they could be corelated, but from who all I have talked to... they actually do not have to bring the dinar onto the world market in order to open the ISX to foriegn investors. They can simply have stock quotes in US $, Japanese Yen, etc.

However, if that were to happen, we could easily use a home calculator to determine what the opening rate will be. They could easily set the ISX for example at 1$/1000 dinar. The dinar may not be open yet, but we would all know then what it will open at.

If the ISX dinar/US$ is at 1460/$, then we can all expect that that will be the opening rate.

[highrollr19]

That would be scary Roger... I have some coming as well. So, considering that, I hope it takes just a bit longer!

[ROB5891]

Your right Highroller. At the point when it hits .10 one must hold onto to it because chances are that it will increase in value. I mean look at Jordan and Kuwait. Their currencies are both trading higher than the USD. I'm not greedy though. I'll be extrememly happy if it hits 30 cents. Just some advice, if someone has 100k in a shoebox undeneath the bed, the smartest thing to do is drive your ass to the bank and put that into a safe deposit box!

[highrollr19]

or..... they can just tell us all where they live!

[ROB5891]

i back you on that last statement 100 and 10 %!

[RogerL]

That would be scary Roger... I have some coming as well. So, considering that, I hope it takes just a bit longer!Now that I think about it, I think you're right. I do hope for a small postponement, assuming it was planning to show up on the 18'th anyway. I just had a horrible thought about customs.

You're supposed to declare anything coming in worth more than $10,000. What if it's worth less than that on its way in, but when it hits customs, it's worth a zillion times more? It wouldn't have been declared.

And if these customs agents are even remotely intelligent, we might be making some of those guys super rich!

Two week delay!!!!! (/me ducks all the rotten tomatoes) :D

[highrollr19]

lol... I will duck them with you!!! No need for us to get in any trouble over this!!

[ROB5891]

i bought all my dinars and i would assume that you guys already have a room full!! LET'S HOPE IT OPEN'S ON THE 18TH!!!!!

[ROB5891]

I sense that this thread is going to be quite active and full of interesting posts until the awaited 18th comes!

[highrollr19]

I have plenty... but this shipment that is on the way is for family members who have given me money. I don't want to lose their dinar with customs! That would be terrible to go back and tell them I lost their investment... but, if it makes you feel any better, it is now worth 1 million dollars if you can talk US customs into giving it back! That wouldn't be fun

[highrollr19]

Has anyone heard anymore about the speculation of Aug 18th?

[IraqiFreedom]

I have plenty... but this shipment that is on the way is for family members who have given me money. I don't want to lose their dinar with customs! That would be terrible to go back and tell them I lost their investment... but, if it makes you feel any better, it is now worth 1 million dollars if you can talk US customs into giving it back! That wouldn't be fun

Customs and the IRS probably don't talk much, but your basis (the taxable value of assets that you hold) according to the IRS is the price that you paid for the goods. Appreciation is only recognized at the time of the sale. :D

Of course that also means that your basis is all that customs might reimburse you if your DInars are confiscated. If you're lucky :mad:

I know the question of wheter the appreciation is taxable or not is still unclear. I'm certainly not claiming to be a tax expert, so please no technical tax questions for me :drunk:

[joec]

I have my alarm set to get up at 12:30 am Central time the 18th. This is the time that the central bank of Iraq says they publish the results of the auction. Which is 10:30 am their time. And the clock ticks and ticks. :eek:

What auction? Did I miss something? Where did you get this info?

[highrollr19]

Joe-
Do you have the website for the Central Bank of Iraq? They list the daily auction price of the dinar, and if it were to go public, that would be the first place for us to find it.

http://www.cbiraq.org/cbs6.htm

[Y NOT]

Hello all
I have something to share. But before I do, I don't imply the 18th is correct or not.
I know many of you dinar gurus have read it and forgot about it and about the CPA website it was posted on. Yet, I think the Iraqi government does not have time privilege to change plan.

Have in mind that the currency rate has to be set before new budget is approved and take a look @ this time table:

http://www.cpa-iraq.org/budget/supp2004budgetguide.html

Budget Submissions should be expressed in Iraqi dinar when submitted to the Ministry of Finance. An exchange rate of 1500ID to $1US should be used in preparing budget estimates. Submissions should be prepared on the basis of zero inflation.............
The following are key dates in the 2004 Budget process.

31 July
Budget guidance to ministries, including indicative spending envelope

31 July to 14 August
Ministries prepare budget submissions

No later than 15 August
Draft budget Submissions provided to Ministry of Finance.

15 Aug – 5 Sept
Expenditure review hearings with Ministries
(UN/World Bank Budget officials in Baghdad 20 Aug to 30 Aug)

Early September
UN/WB/IMF needs assessment delivered

22 September to 29 September
Deliberations and final decision making including the Governing Council

1 October
Budget delivered

15 October
Donor’s conference
.................................................. ..................................................
Finally, I'd like to dispense an advice. "Don’t let money change you” .....hemmm .... or y not? Change is good.

[joec]

Hello all
I have something to share. But before I do, I don't imply the 18th is correct or not.
I know many of you dinar gurus have read it and forgot about it and about the CPA website it was posted on. Yet, I think the Iraqi government does not have time privilege to change plan.

Have in mind that the currency rate has to be set before new budget is approved and take a look @ this time table:

http://www.cpa-iraq.org/budget/supp2004budgetguide.html

Budget Submissions should be expressed in Iraqi dinar when submitted to the Ministry of Finance. An exchange rate of 1500ID to $1US should be used in preparing budget estimates. Submissions should be prepared on the basis of zero inflation.............
The following are key dates in the 2004 Budget process...

I work for the local government where I live, so I have muuuuuuuuucho experience with budgets. Let's just say...when they say 2004 budget process, they mean the budget for 2004. They work on that the year prior. Why would they be working on the 2004 budget in the last quarter of the year? That wouldn't make any sense.

[Y NOT]

I belive it's Oct. 1st.

15 Aug – 5 Sept
Expenditure review hearings with Ministries
(UN/World Bank Budget officials in Baghdad 20 Aug to 30 Aug)

Early September
UN/WB/IMF needs assessment delivered

[highrollr19]

SOOOOO... you are saying early October! Ok, I can wait until then to quit my job!

[Blake]

I work for the local government where I live, so I have muuuuuuuuucho experience with budgets. Let's just say...when they say 2004 budget process, they mean the budget for 2004. They work on that the year prior. Why would they be working on the 2004 budget in the last quarter of the year? That wouldn't make any sense.So the 2004 Budget process is about formulating the 2005 Budget. I don't think that contradicts the dates and implied potential meaning YNOT was getting at.

YNOT never once used the words "Budget Year 2004"

[Y NOT]

That's all I said
I didn't I'm Muuuuchoooo

[Y NOT]

thanks for letting me share some fun with you guys

[Wolverine]

Just a few more days till boss man can (maybe) play an ol' game called pick a cheek!! If not, really didn't mean that sir!!! :D
Kerry/ Fonda... ROGER THAT!!!! excuse me , I'm a little in touch with my feelings right now, thinking about all those alienated countries this administration has failed to bring to the table on Iraq, I better go cry!!!! :crying:

[joec]

Estimates of dates is about all this is good for. Rough estimates, at that. These dates are from the budget process last year....if I recall, there was no interim government in place at that time...things were much different just one short year ago. Hell...we hadn't even smoked Saddam out of the hole yet!

[KennyinOC]

Hello all. I downloaded the article and quickly read over it. This article was written at least last year. How do I know? Here are some quotes from the article."Ministries will assume responsibility for all salary payments in 2004. The ‘four tier’ salary system will be terminated on 31 December 2003." And, "Goods – In particular, provide estimates of the quantity of gasoline and the quantity of electricity that is expected to be consumed in 2004, using 2002 as a base." The wording here doesn't make it sound like it was meant to be written in 2004.
I just want to be cautious.

[joec]

Hello all. I downloaded the article and quickly read over it. This article was written at least last year. How do I know? Here are some quotes from the article."Ministries will assume responsibility for all salary payments in 2004. The ‘four tier’ salary system will be terminated on 31 December 2003." And, "Goods – In particular, provide estimates of the quantity of gasoline and the quantity of electricity that is expected to be consumed in 2004, using 2002 as a base." The wording here doesn't make it sound like it was meant to be written in 2004.
I just want to be cautious.

You are totally correct. It mentions using costs from 2002 in preparing the budget. This would have been done last year, as total costs from 2003 obviously aren't available in the middle of 2003. And again....2004 budget means the plan for 2004...not the budget created during 2004.

[PennStateMtnMan]

I hope it doesn't open up yet. I am afraid that some of the people that I have won the auction on Ebay will refuse to ship the Dinars if it opens at a good price. I am not saying people are dishonest, but think about it. If you had to ship a million dinars that is worth $300,000 and you just collected $800 for that shipment, would you second guess yourself? I know I would honor the transaction; however, there is people out there that would not honor it.

[seattle]

trust me people ..nothing is going to happen tell after the election"s......when amer tell's us to quit our day jobs ...then you can start shaking and screaming :wave:

[ROB5891]

we've heard rumors from several people reguarding the aug 18th date. pooky, jenn and sergeant. they all essentially said the same thing. there must be something to it unless they are all out there to deceive us which i highly doubt.

[Psycho for Dinar]

I agree with ya. Way to many rumors from different areas of the country all indicating the same week..........
"'BELIEVE IT, OR NOT!!!"

[ROB5891]

THANKS FOR YOUR SUPPORT PSYCHO!!!. i dont think these poeple knew eachother and they all joined different times so their affiliation wiht one another is unlikely

[PennStateMtnMan]

I think everybody is trying to take what they read in the news and corralate it with a hard date. Research and speculation is not a bad thing. It does get me in a good mood when I hear these things because I am not the only person speculating.

[turbofastaz]

I think everybody is trying to take what they read in the news and corralate it with a hard date. Research and speculation is not a bad thing. It does get me in a good mood when I hear these things because I am not the only person speculating.

time will tell all things :rolleye03

[ROB5891]

well how close to the inside is he in iraq?

[PennStateMtnMan]

:wave: I have an inside source that tells me it is going to be several years before this thing goes way up. It may open .01 USD per dinar, then over 3-5 years hit 1 to 1 then 5-10 years 3 USD to 1 dinar. This inside source is my gut. :rolleye03

We need an icon showing us punching DrRaf's gut so it will tell a better story. I want it to open a lot higher than .01. :wave:

[ROB5891]

i second that

[Sgt. REMF]

Here's the info. from my sources in country.- Will not happen on the 18th. It's unknown at this time. I just got back from Najaf, Al-Hilla area. My source in Scania laughed at me and told me to keep buying. Oh well-- Anyways, the highlight of my trip is now i'm the proud owner of a small blk/whi Al-Mahdi army recruitment poster.

[dgfrick]

I'm new here but I am also buying for a 5 to 10 year time frame. Hopefully sooner because I worry that they will either change the currency or become like Saddam, just printing more money whenever he wanted more money.

[highrollr19]

rumors are rumors. These ideas may have all stemmed from the same place, and that could be why different people have heard the same thing! I will not put much stock into a rumor just yet, until I see a publication, or see the dinar on the Forex.

I agree with Raf's gut... start maybe as high as a penny if we are lucky, and then rise over the next 2-5 years. You all need to realize that even if it were to start at a penny, that would still be over a ten-fold return on our investment. That is incredible considering the amount of time. So don't sound all depressed about it opening that low (or even lower). It isn't very likely that we will all be rich over night!

[bert]

this has been the major question from the start?will it post low and increase slowly ,i guess helping the country.but killing the weatlh of the people,so they have no money,and can't invest back into it .or will it post higher say 10cents to 30cents against us dollar? giving back the people there wealth , but putting the budget and country under stress.i say start it at 15cents,giving the people something back.how do you tell the iraqi people to believe, when they have nothing for them selfs.whatever money they had ,or still do was based on 31cents before we got there.

[highrollr19]

I think in an ideal world, that you are right... that would happen. I am just hopefully low-balling my guesses, so that I will be pleasently satisfied when it comes out!

[turbofastaz]

long term long term I belive here :shhh:

[Dinars2Dollars]

Hi - My first post to this board - been reading for a while. Whether in 2 days or 10 years, it is an option that never expires unless they change currency. Just for fun, below is a list of regional country foreign exchange rates to the US Dollar as of today. Staggering to look at the growth factor in parenthesis ( ), if/when it becomes comparable. At the rate everyone on this board and in neighboring countries are accumulating IQD's, the demand will wipe out their money supply at some future date and will help the value of the IQD improve. I am at 4 million and holding steady.

http://www.bloomberg.com/analysis/calculators/currency.html#results

Kuwait Dinar = $3.39 USD (4,949 x)
Bahrain Dinar = $2.65 USD (3,869 x)
Oman Rial = $2.60 USD (3,796 x)
--------------------------
UAE Dirham = $0.2722 USD (397 x)
Eqypt Pound = $0.1606 USD (234 x)
Saudi Riyal = $0.2666 USD (389 x)
--------------------------
Iraq Dinar = $0.000685 USD

[nubain45]

Folks,

Everyone has a different tolerance level for everything. Some folks will sell it all when the dinar exchanges for a dime and will try to buy more hinging on an inclination in price above the dime. Others will sell part and hedge on the rest looking for the same inclination. There will be the third group that will ride the wave and sell somewhere down the road. Early traders' actions will cause the currency to devaluate temporarily because of the flood of currency coming out of nowhere. Time will result in stabilization and the resultant rise if the world/Iraqi situation itself is stable.

The real moneymakers will be those that continue to work, pay their bills, raise their children, pay their taxes, and vote. They will be vigilant and patient. Three, five, ten years.

I am just a poster here and probably write nothing that is 'news'. But Heed this. A MILLION DOLLARS IS NOT ENOUGH TO RETIRE ON AND LIVE IN COMFORT. TWO MILLION DOLLARS IS NOT ENOUGH TO RETIRE ON AND LIVE IN COMFORT. I am not basing this on living like a 'Sultan'. I base this on being middle-middle class. A decent home in the rockies and one at the beach. Splitting time between them and one good 2 week vacation per year. Normal, average yields won't allow this. If you can earn 5% on 2 million- which is a damn good long term return nowadays, you will realize 100k/yr as long as you don't touch the principle. That is not reinvesting profit, if you do that, you will realize less immediate income but more long term income. I have almost 2 million in NET ASSETS and can't do what I listed above without watching every penny. I will wait........3........5....10.

Good luck, but be realistic and patient.

[ROB5891]

Hi - My first post to this board - been reading for a while. Whether in 2 days or 10 years, it is an option that never expires unless they change currency. Just for fun, below is a list of regional country foreign exchange rates to the US Dollar as of today. Staggering to look at the growth factor in parenthesis ( ), if/when it becomes comparable. At the rate everyone on this board and in neighboring countries are accumulating IQD's, the demand will wipe out their money supply at some future date and will help the value of the IQD improve. I am at 4 million and holding steady.

http://www.bloomberg.com/analysis/calculators/currency.html#results

Kuwait Dinar = $3.39 USD (4,949 x)
Bahrain Dinar = $2.65 USD (3,869 x)
Oman Rial = $2.60 USD (3,796 x)
--------------------------
UAE Dirham = $0.2722 USD (397 x)
Eqypt Pound = $0.1606 USD (234 x)
Saudi Riyal = $0.2666 USD (389 x)
--------------------------
Iraq Dinar = $0.000685 USD



all of that information supplied is a fact. numbers never lie. iraq is more prosperous in oil that all of them except saudi arabia and has the most natural gas. this currency will go up. the question is when. the rumors we hear say tomorrow we'll just have to wait and see

[wilsonm24]

all of that information supplied is a fact. numbers never lie. iraq is more prosperous in oil that all of them except saudi arabia and has the most natural gas. this currency will go up. the question is when. the rumors we hear say tomorrow we'll just have to wait and see

It is funny that you mention Saudi. People keep saying that the Iraqi curency will increase because they have so much oil and that will bring in such wealth to the nation. Look at Saudi's currency. They have the most oil in the region and they are very near the bottom as far as currency value.

Not trying to be negative just trying to help keep people in perspective that this may not (and my belief is probably not) open as high as we would like. Be patient and don't get to down and depressed if you aren't overnight millionares.

[ubid1]

3 HOURS AND 35 MINUTES!!..lets see if yall gona eiter have a heart attack or attack someones heart for spreading the rumor eiter way remember to watch what you say dont get out of hand!!!!

Tony,
Why 3 hours 35 minutes ? is that midnight there or is this the time that the stock exchanges opens ? just wondering what your basing the time against.

Thanks...

[wilsonm24]

hehe it is only 630pm over here...think you broke your calculater trying to calculate how much your IQD is going to be worth in USD

[ubid1]

I'm going to set my clock for 12:30am tonight, supposedly that's when the Stock exchange opens and we should know something soon after if at all in my opinion.

But I'll be counting virtual dinars about that time :)

[wilsonm24]

wilson here in illinois its 10:41am right now iraq is 9 hours ahead of illinois so its 7:41pm there right now

if it is 7:41 in baghdad (thought they were same time as Bahrain but they could be an hour ahead) that is still 4 hours and 19 min ;)

[joec]

if it is 7:41 in baghdad (thought they were same time as Bahrain but they could be an hour ahead) that is still 4 hours and 19 min ;)

Didn't you hear that along with all of the changes with the government, they also decided to change to a 23 hour day? haha.

[ROB5891]

3 HOURS AND 35 MINUTES!!..lets see if yall gona eiter have a heart attack or attack someones heart for spreading the rumor eiter way remember to watch what you say dont get out of hand!!!!

dont worry tony!! we're civilized poeople. we won get out of hand!!!

[Jeffrey]

ROFLMAO.....I don't blame you for "standing back" a little. I think I would take total cover on that note!!!! HAHAHAHAH :happy64:

[King Dinar]

dont worry tony!! we're civilized poeople. we won get out of hand!!!
Everybody, take it easy. Its not going to happen just yet. Its nice to dream tho.

[dinaranxiety]

I just got hit by hurricane Chuck. No electricity but I have my laptop and dsl line hooked up to my car to find out lol.

[highrollr19]

good thing you still have the computer then!!! Did you manage to save the dinar, or are they flying around in the Hurricane right now?

[Marilyn]

Glad you got your priorities straight... middle of a hurricane, no power in your house.... and you're plugged into the car to blog with us.... I'm touched, really ! :happy64:

[highrollr19]

that is dedication!!!!! I love it! :happy64:

[kvb]

I thought it was hurricane Charley.....

[Marilyn]

Chuck for short.... (my Dad's name was Charley, hehe)


I guess I'll be staying up late tonite.... waiting for the 18th in Iraq tonite and then check again when it's the 18th in the US. Have my HSBC location scoped out, car's fueled up and ready to go...

Maybe have a DINAR pajama party... :lmao:

[ROB5891]

it seems like you have it all planned out marylin!!!

[dinaranxiety]

Did you manage to save the dinar, or are they flying around in the Hurricane right now?

I have them still. I figure I can get another 1/2 a milion dinar if I don't crumble and buy a generator like everyone else around here. lol

[dinaranxiety]

Maybe have a DINAR pajama party... :lmao:

I'll be right over....especially if you have air conditioning! :cool:

[kvb]

Well, I guess .31 would be extra nice right now! That's what I call a hurricane relief fund.....

[Dinarted]

I think that it is great how everyone on this forum is so dedicated. I could see myself in a hurricane attempting to access this forum with a laptop plugged into a generator! I repair computers for a living and lately when I have been onsite working on a customers computer I find myself logging onto this forum. HeHe :shhh:


Dinarted!

[joec]

So what time should we all get excited? How many hours ahead is Iraq for each U.S. time zone? When will the dinar auction numbers be released in central, eastern, mountain time? Please advise so we can all set alarms and check the website!

[ubid1]

Current time in Bagdad

Baghdad, Iraq
Baghdad is the capital of Iraq
The native name of Iraq is Al Iraq
Current time Wednesday, August 18, 2004, at 12:23:22 AM

[Collegeinvester1000]

I hope the the NID doesn't go the way of my C.S.A. Currencey I have sitting here.....I thought Georgie and her Sister states would return but.....I guess it has been 134 years, DOH!

[Jen39503]

Just curious, who are yall going to blame if it doesnt open at .31 in just a few hours???
Seems to me like y'all have taken what i stated as complete hearsay and have made it gospel.
Sure hope nobody quit their jobs today :rolleye03
I will say this, i'm not setting my clock.

[Psycho for Dinar]

Just curious, who are yall going to blame if it doesnt open at .31 in just a few hours???
Seems to me like y'all have taken what i stated as complete hearsay and have made it gospel.
Sure hope nobody quit their jobs today :rolleye03
I will say this, i'm not setting my clock.


I wasn't suppose to quit my job? DAMN, DAMN, DAMN!!! :lmao:

[kelleyB]

Jen....Jen...Jen... You do know we all got together and agreed to blame you if it doesn't open right? OH and you don't want to know what we decided to do if it doesn't open at .31cents :lmao: ;)

**whispering** run run run really fast..:lmao:j/k if you didn't know:D

[Psycho for Dinar]

So Is that why you weren't in today, They said you were sick.

cough, cough, cough, sniffle...feeling a little better...cough, sniffle.

[dinaranxiety]

it's funny that the thread where the rumour started all of the sudden has been deleted. I believe it was 'Don't believe the rumours'. Ironic isn't it?

[ROB5891]

Just curious, who are yall going to blame if it doesnt open at .31 in just a few hours???
Seems to me like y'all have taken what i stated as complete hearsay and have made it gospel.
Sure hope nobody quit their jobs today :rolleye03
I will say this, i'm not setting my clock.

hey jen. i'm surprised. you're the first one that should set the alarm clock. you and a few others initiated the rumor. if it doesnt come out the way you said then who cares. it will eventually. we wont be angry wiht you or anything. i only started this thread as a countdown. that's all. as for the other thread about dont believe ''rumours'', that was a good thread. why was it deleted?

[Volpar]

somebody do the count down :happy64:

[PennStateMtnMan]

Jen....Jen...Jen... You do know we all got together and agreed to blame you if it doesn't open right? OH and you don't want to know what we decided to do if it doesn't open at .31cents :lmao: ;)

**whispering** run run run really fast..:lmao:j/k if you didn't know:D


Kelley, you were only kidding? Damn, I guess I have to release those rattlesnakes back into the wild. I wish you would have told us yesterday it was all a joke before you contacted us all with the torture plan. I guess you don't know how difficult it was for me to get those rattlesnakes.

By the way, I am feeling a little woozy right now!

[jules]

Well, I'm for sure going to be in the minority. I'm kinda hoping it doesn't open quite yet, I want to have more time to invest/transfer etc.
more! more!more! :p

[Wolverine]

It is funny that you mention Saudi. People keep saying that the Iraqi curency will increase because they have so much oil and that will bring in such wealth to the nation. Look at Saudi's currency. They have the most oil in the region and they are very near the bottom as far as currency value.

Not trying to be negative just trying to help keep people in perspective that this may not (and my belief is probably not) open as high as we would like. Be patient and don't get to down and depressed if you aren't overnight millionares.

Don't get me wrong , Saudi is still a major player at this stage in the game BUT they are on the decline, Up & comers such as Nigeria,Off shore Ivory coast, & dare I say Iraq, have more proven reserves left in the ground than Saudi Arabia ever had to begin with. Keep in mind the Saudi's began commercial production in the 1930's !! :happy26:

[ROB5891]

you definitely are in the minority!! well look at it this way. if you currently do own dinars and it does work out the way we want it then you benefit. If it doesn't then you also benefit because you can then buy more!!!

[PennStateMtnMan]

We need a chat room. We could discuss this in real time.

[Wolverine]

JEN & POOKY still RULE !!!! :happy64:

[ROB5891]

yeah. where is jen, pooky, and sargeant at a critical time like this????

[dinaranxiety]

as for the other thread about dont believe ''rumours'', that was a good thread. why was it deleted?

my guess is so that people won't have posts to point the finger at, but no one should have believed it in the first place. Sounds like a conspiracy though...who started that thread anyway and why was it deleted? Pressure from others or does the blame lie solely on the individual? How many were involved? Hundreds? Maybe just one, but who? And why? lmao

[ROB5891]

http://www.timeanddate.com/worldclock/
currently 4:42AM in baghdad. new rates are up at 10:30
countdown continues!!!

[turbofastaz]

http://www.timeanddate.com/worldclock/
currently 4:42AM in baghdad. new rates are up at 10:30
countdown continues!!!
ok I just walk in the door from work Did I miss something about rates and it hasent open on the market yet did it
looking for info and catching up on all these post wow is there allot

:rolleye03

[bert]

who knows who's real ,and who's not?but just like the gold rush .just one rumor ,and everyone will stomp, and run each other over to get down to the stream first,to see if it's true.it was deleted becouse of to many direct questions ,and after the 18th it could have gotten ugly.heard of fools gold?maybe they thought it was real to,and they got fooled to along with everyone else to.

[ROB5891]

who knows who's real ,and who's not?but just like the gold rush .just one rumor ,and everyone will stomp, and run each other over to get down to the stream first,to see if it's true.it was deleted becouse of to many direct questions ,and after the 18th it could have gotten ugly.heard of fools gold?maybe they thought it was real to,and they got fooled to along with everyone else to.

hey bert. you must understand. i was never fooled or duped. i already bought my dinars and i dont plan on buying more. i started this thread because this is the first date we have been give by 3 different people allegedly. no one is saying or implying that this will happen. i'm just waiting to see if these rumorsa are true. that's all.

[Jen39503]

Webster's 1913 Dictionary
Hear´say` Pronunciation: hēr´sā`
n. 1. Report; rumor; fame; common talk; something heard from another.

It's pretty obvious that quite a few of you have taken the hearsay/rumors and made it gospel.
Jen is right here, where i've always been. Just not reporting anything new and not adding fuel to the fire.
I have no need to set my alarm. Even IF it did open, what would i do with them? Its not like i could go to the corner exchange mart.
I've repeated myself time and time again about it being hearsay. Have y'all noticed that no new rumors coming out of Iraq are being posted here? If it were to happen Pooky and I would be hailed as hero's if it doesnt, suddenly were in a conspiracy. For what? BTW has anybody seen Pooky? I havent, and i sure miss her comments and inside info. It was nice having someone to talk to that knew what was being said over there.
I'm past the being upset, just find myself :rolleyes:
I wasnt even aware that the thread had been removed. Guess they must have had good enough reason to. Last i knew it had been locked.

[BRYAN]

How many are staying up past midnight < I don't watch the olympics,

[ROB5891]

i am for sure man. i'll be on here wiht you throughout the night dude. i'm just hoping for the best.

[justme]

Im around tonight also. Just too damn curious!

[joec]

I will be around...checking in every 10 minutes or so to see what's up!

[kelleyB]

JEN & POOKY WE LOVETH YOU :happy64:

[KennyinOC]

Well dudes and dudettes! I will only have to stay up until 11:30 pm. Then I will get the answers to our questions. I honestly think nothing will happen to the price of the dinar. :no: The fighting is still going on and the infrastructure is not up and running. That is not to say that things will turn around completely in a few years. Let's all think of this as a long term kick ass investment. And lets keep our fingers cross that peace will be establish there soon. NO CIVIL WAR!

[BRYAN]

JEN & POOKY WE LOVETH YOU :happy64:
I've never said anything bad to anyone here and hope I never do . :confused:
But Ive tried to ask perfectg'man to respond with any news . Have others tried ??? I gave up after 4 tries , I know tony has tried also several times ?? What 's up ? can anyone contact these people and say we do like to hear what their input is no matter how small or big .

[Jen39503]

:p Finally, someone who speaks sense. :lmao:

[justme]

Hey if any ones interested I just opened a chat room on yahoo under business and finance: DinarInvestors

[ou812]

I'll be watching, cause I/all of us may be rich in a few hours, But realisticaly I feel it'll take months to a year or more. :o

[BRYAN]

Hey if any ones interested I just opened a chat room on yahoo under business and finance: DinarInvestors
Becarefull what you talk about you might get lumped up with negative comment thrown at ya !!

[kelleyB]

Kenny I am right with you. 11:30 and I will know too. Hope I can last, but I agree with most, though it would be nice, I don't think it will happen for a couple of mos. Maybe 6 or the beggining of the year. BUT still hoping sooner. Sept would be awesome too. Hell anytime between now and Feb would be perfect to me. Come on .31cents....momma needs to pay some bills and daddy needs a new car.... :lmao:

[dinardude]

Me personally...I like all the rumors, it keeps my heart pumping. So you can throw all the rumors at me you want. I have enough intelligence to take rumors at face value which is a rumor is a rumor, that's it. Keep it coming, time doesn't stand still and only time will tell what's fact and truth.

[Dinarted]

What is the best website to go and check then dinar value?

[ou812]

I like this one. http://www.xe.com/ucc/full.shtml but there is many out there.

[Roger]

How many are staying up past midnight < I don't watch the olympics,
I am Playing backgammon on aol pogo with the forum pulled up behind the game, lok at it when I play a slow player

[ou812]

Homer isn't very good with proper grammer! :drunk: is////are

[Dinars2Dollars]

I found this while searching for old articles on Iraq. This one is dated July 2003.

http://www.georgescorm.com/en/articles/articledetail/article04.shtml

Interesting to read recommendations prior to the release of the new currency in October. They recommend a strong opening exchange rate of 15 NID to $1, or 6.7 cents. I'll take that.

We can outline here some of the issues that Iraq will face to establish a sound and dynamic monetary and banking system.
1. We would advise that the new system should not be based on a dual currency system like in Lebanon or Argentina, with the dollar and the Iraqi dinar being both used as legal tender. This is distorting the economy and encouraging speculation against the domestic currency. Given the flow of oil resources, the Iraqi dinar should be reinstated as a strong currency and we would advise to create a new “heavy” dinar which rate should be around 15 dinars to one dollar. (= $0.067)
2. No fixed rate of the dollar to the dinar should be adopted, but the value of the dinar should be floating so that the Iraqi economy would adjust freely to developments in the value of its domestic currency. It would not be wise to have the Central bank to use its scarce foreign exchange reserves to defend a fixed rate of the currency.
3. As mentioned in our previous presentation we strongly favor a free exchange market with no controls on the movements of funds.
4. If the independence of the Central bank is a highly desirable aim, such independence should not be conducive to deflationary policies that might prevent economic growth and dynamism as has happened in various countries.
5. For some years to come Iraq will face a difficult period of adjustment and its foreign exchange needs will be quite substantial. To face this challenge, the monetary and banking system should not be a burden on the Iraqi economy as has been the case in Lebanon and Argentina.
• Such system should encourage productive activities and a diversification of exports outside the traditional oil and petrochemical sector. Iraqi water resources should be well exploited to develop agriculture and agribusiness.
• The banking sector should be oriented towards financing productive activities and not only trade and real estate transactions. Inspiration could be found in South East Asian experiences on how to stimulate the local productive capacity and export oriented industries.
• Micro-credits should be made available to the poor strata of the population and capital venture funds to professionals that would like to create new productive capacity in the country based on their own knowledge and capacity.
6. A new banking law should be adopted as soon as legal conditions will allow it and training of Central bank officials for banking supervision should begin as soon as possible. Foreign banks should be allowed to create branches or affiliates in Iraq.

[highrollr19]

the most accurate site will be this one www.cbiraq.org/cbs6.htm
That is the site for the Iraqi Central Bank where the daily acutions are held that will determine the value of the dinar.

[BRYAN]

What is the best website to go and check then dinar value?
fx.com or the Central bank of Iraq web site .

[joec]

Less than two hours! Wooooohooo!

[Collegeinvester1000]

they announce auctions at when 10 30 AM bahgdad time?

[joec]

they announce auctions at when 10 30 AM bahgdad time?

Yes...it is currently 8:41 AM there

[Collegeinvester1000]

I reckon I'll stay up for it. I have no hopes for it this soon, I guess if this doesn't pan out everyone will look on the 20th and Sept 6

[wilsonm24]

I am surprised at most of you as you seem like sensible people. The Iraqi dinar going public would be a huge step for the new Iraqi government. They would not make it a big surprise because they need the publicity to get the foreign investors into their economy.

Making the dinar a internationally tradable asset would let the world know that they are ready to deal with outside influences. If they made it a big secret then that would portray to the world that they have no confidence in their national security let alone the US military that is there to help them establish safety and stability within their country.

You can be certain that before the dinar and/or the ISX is open to foreign investors on a global scale they will notify they press. To do otherwise is showing a fear and a weakness to the terrorists that are still very prevelant in the nation.

I don't see either of the two being open on a global scale until they have finished with thier own elections. They need to establish an indepenance from US culture before they will be taken seriously in the region. If they base it on the US election (which would be great for the bush administration) they will look like pupets of the US. This in the region and with the view of the iraqi people is the last thing the governing body in Iraq wants. Then want to have the apearance of being able to stand on their own two feet.

As investors in their currency we should also want this. No matter what rumors you hear this is a long term high risk investment. Some of you probably plan on cashing in a certain amount of your dinar upon release if it is at a decent rate (say $0.10) maybe to help pay off bills or what have you. If you want what you have left after initial release to increase in value then you would want Iraq to be free of US control and influence.

These are a very proud people. They not only want to appear independant they want to BE independant.

Please don't be disapointed if the market does not open to the world in a little over an hour or so from now. This situation is highly unlikely (not to offend the people that gave the information just stating things as I see them from the region). Stick by your faith and you will be paid off. This investment that you made has potential for very high gain...but remember that it is also very high risk. More than likely to see this high gain you will have to sit on your money for a few years. Just remember that your $1200 (or whatever you pay) per million could end up being worth a few hundred dollars.

[Marilyn]

dinar Raffle In The Lounge


Stop By The Dinar Watch Pajama Party And Vote For A Chance To Win !!!

[Collegeinvester1000]

Great post willsom24! The logic is clear but it is fun dream it iwll open in an hour! I think most people on the board realize that it probably won't be it's col to wait and see!

[minigirl]

I am surprised at most of you as you seem like sensible people.


I knew someone would come by and try to rain on our fun!! LOL
I can appreciate what you are are saying, except for the above comment because it's kinda condescending. I am sensible. But I have put my money into something that nobody can predict -- only speculate -- as sensible as THAT is. lol With that in mind, I'm enjoy the speculation, thoughts, even rumors and if someone says it might move on this day or that - I'll be here to look. Because eventually someone is going to be right. :wave:

[Roger]

Great post willsom24! The logic is clear but it is fun dream it iwll open in an hour! I think most people on the board realize that it probably won't be it's col to wait and see!
I know, Id probobly have to creep into the bedroom and ease me another pair of UNDEROOS out and do a quik change, if it does come out decent

[wilsonm24]

I knew someone would come by and try to rain on our fun!! LOL
I can appreciate what you are are saying, except for the above comment because it's kinda condescending. I am sensible. But I have put my money into something that nobody can predict -- only speculate -- as sensible as THAT is. lol With that in mind, I'm enjoy the speculation, thoughts, even rumors and if someone says it might move on this day or that - I'll be here to look. Because eventually someone is going to be right. :wave:

I didn't mean that the speculation wasn't fun and didn't get my hopes up. I was right there with you hoping it would release today...lets face it the sooner it releases the sooner we can cash in. But to be this close to the deadline and not see any official word and still believe it is going to open is pretty niave to say the least

[wilsonm24]

Ohh and if I am wrong and in about an hour the dinar is for sale on the global economy at $0.31 to the dinar then I will be the first one to say so and also to say "the first round of beers is on me!!"

[minigirl]

I didn't mean that the speculation wasn't fun and didn't get my hopes up. I was right there with you hoping it would release today...lets face it the sooner it releases the sooner we can cash in. But to be this close to the deadline and not see any official word and still believe it is going to open is pretty niave to say the least


I totally see your point! :) I just don't like being called names, such as naive or the opposite of sensible! Don't mind me... I don't mean to be nit-picking but it's my pet peeve when personal comments are made in the course of making a point. ;)

[minigirl]

Ohh and if I am wrong and in about an hour the dinar is for sale on the global economy at $0.31 to the dinar then I will be the first one to say so and also to say "the first round of beers is on me!!"

Yay, where do you live!? LOL :huge:

[IraqiFreedom]

I agree that it is unlikely that we will see an opening of the Dinar shortly. Even if the rumours were based on actually scheduled events, recent turmuoil probably would delay the opening. But no reason to not take a peek at the exchange rate.

You can be certain that before the dinar and/or the ISX is open to foreign investors on a global scale they will notify they press.


wilsonm24, just because the Iraqi government wants publicity doesn't mean that the Western Press will cover it much. It'll probably make a note with the financial press, but it will be a blip at most for the mainstream media, and only after it actually happens. Things blowing up get better ratings.

[wilsonm24]

sorry mini didn't mean to offend. One of my many faults is being painfully blunt, about myself as well as others.

And I live in the Bahrain...if you want to make a quick transacion before they are bought by the banks in the US stop by and I will meet you at the bar ;)

[Marilyn]

45 minutes left 'til the CBI official rate comes out....

Vote to win in the LOUNGE!!!

http://iraqpapermoney.com/shop/item.asp?itemid=56

[turbofastaz]

45 minutes left 'til the CBI official rate comes out....

Vote to win in the LOUNGE!!!

http://iraqpapermoney.com/shop/item.asp?itemid=56
Thanks for the reminder Marilyn :happy64:

[Marilyn]

Good Luck Everyone !!

[BRYAN]

I have to eat if I am to survive !! Pizza - breakfast for me

[KennyinOC]

Damn! Two minutes left. Worst case scenario we can buy more dinars for the future.

GOOD LUCK TO US ALL!! :drunk:

[Marilyn]

2:30 am in NYC

10:30 am in Iraq !

[Jerry]

9:30 Kuwait

10:30 Iraq

[KennyinOC]

Nothing yet on my end. Does anybody have different news? :confused:

[joec]

Nothing as of yet. What gives? I sat up for this?

[NOTRE DAME FIGHTING IRAQi]

Nothing yet on my end. Does anybody have different news? :confused:

YES!

JUST ONE MORE YEAR TO GO!

[Jerry]

Helllo Irvine!!! Originally from City of Orange here! And no nothing.

[Jerry]

LMAOOOOOOO ND :lmao:

[turbofastaz]

rolling around here having fun at the PJ party

[ROB5891]

has the iraqi site been updated yet?

[KennyinOC]

So what if nothing happened people. As long as Iraq calms down and becomes a democracy like Japan and Germany did after their war, we will all be well off. DO NOT BLAME THE RUMORVILLE. We knew it was just hearsay (however you spell it). Again, if there is no civil war or an uprising there, we will be okay. In fact, the drinks will be on me in sunny southern California. :happy26:

[Jerry]

LMAO I think the bandwidth of the CBI website is like maxed... its running really slow now... are you guys refreshing the page over and over like me?

LOL J/.K

[joec]

So what if nothing happened people. As long as Iraq calms down and becomes a democracy like Japan and Germany did after their war, we will all be well off. DO NOT BLAME THE RUMORVILLE. We knew it was just hearsay (however you spell it). Again, if there is no civil war or an uprising there, we will be okay. In fact, the drinks will be on me in sunny southern California. :happy26:

We aren't asking why the price hasn't went up, we simply want to know why it hasn't been posted yet, as it should have been, and has been many other nights.

[jules]

so what are we gonna auction off the rest of the year?
I offered my sbucks card, but now i think i'm gonna need it in the morning.

[turbofastaz]

Just kidding , maybe there haveing fun with us :happy64: :happy64:

[CramptonMotorsports]

the dinosaur CBI server is smoking in the corner

[KennyinOC]

Okay, nothing I can find right now. I have cable modem and I have been checking the Iraq Bank web site and there has been no update since yesterday. I am going to blame Jen on this one! Just kidding Jen. :wave: Hey Jerry, the OC misses you. Be careful!

[KennyinOC]

You know what? Even if the dinar went to .31 cents, we can't sell it here in the US. So we have to wait anyway. :( So much for going into work tomorrow and telling my boss off!!

[Marilyn]

Come over to the lounge.. you're in the run off for the raffle!!

[Jerry]

Will Do Kenny! Hey what if some one hacked the CBI website??? :drunk:

[ROB5891]

what the hell is going on wiht this iraqi website???

[shellie01]

FX converter says 1460 for Wednesday. How'd they know?

[ROB5891]

FX doesnt know. that number is probably just automatically put in day after day. the official site is the iraqi one

[Blake]

what the hell is going on wiht this iraqi website???Maybe they're having trouble getting rid of all those zeros in the decimal. ;) ;)

It is amusing how many people have logged on this late at night. It's never this active this late at night.

I don't think the instant revaluation is happening now, if it ever happens like that. I hope that it doesn't hit now, I need more time to accumulate more dinars.

[Marilyn]

We've been having fun... sort of like New Year's Eve...

[shellie01]

Hmmm it seems they shouldn't be saying things until it's official. Starting rumours and all. :p I'm only kidding! I've had fun with ya'll tonight.

[minigirl]

Maybe they're having trouble getting rid of all those zeros in the decimal. ;) ;)

It is amusing how many people have logged on this late at night. It's never this active this late at night.

I don't think the instant revaluation is happening now, if it ever happens like that. I hope that it doesn't hit now, I need more time to accumulate more dinars.


hehe, yeah, they can't figure out how to format the numbers correctly with the decimal moved over so many places! That would be nice! I agree, I want more before it hits....

[ROB5891]

We've been having fun... sort of like New Year's Eve...

this is the kind of fun that i dont like when it gets prolonged!!!

[RogerL]

Seems I'm one of the last to get here. I've been down all day with a migraine. First post of the day and the day's over already (12:00am here).

[shellie01]

Me too! I've got a shipment coming in any day now. I want to get at least one more in.

How greedy does that sound! I'm not like that. yeesh.

[minigirl]

Seems I'm one of the last to get here. I've been down all day with a migraine. First post of the day and the day's over already (12:00am here).


Ugh Roger, I'm VERY sorry to hear that.. I know how debilitating they can be. :( Glad you're here now!

[ROB5891]

i dont ever check the iraqi website at that time. to whoever that does, is it generally updated on exactly 1030AM over ther everyday????

[IraqiFreedom]

Call Amar's cell phone. He's probably on the way back from filling his most recent orders ;)

[ROB5891]

i've gotta be at work in 5 hours!!! and i'm still up watching this.

[minigirl]

i've gotta be at work in 5 hours tomorrow!!! and i'm still up watching this.

I have an emergency can of Amp -- I'd give it to you if I could for in the morning! :)

[ROB5891]

well i appreciate the offer minigirl.

[RogerL]

Fortunately for me, I'm on the west coast, so it's only a little bit past midnight. I'm almost always up at this time since I tend to go to bed around 2 am. It's still early. :)

[CramptonMotorsports]

Fortunately for me, I'm on the west coast, so it's only a little bit past midnight. I'm almost always up at this time since I tend to go to bed around 2 am. It's still early. :)

plus there's adult swim and olympics to be watched.

[RogerL]

Correct me if I'm wrong, but wasn't the rumor posted by Jen and pooky that the dinar would come out at $0.33 and not $0.31?

Here's to the pajama party, regardless of the outcome today!

[CramptonMotorsports]

no change in rate, good night

[joec]

Still at 1460...go to sleep

[minigirl]

Still at 1460...go to sleep

ok, so no rate change today, but why do we all have to go to sleep??? lol my boss wouldn't like that! :p

[ROB5891]

goodnight everyone. the rate stayed the same. i guess the rumors weren't true. oh well. i'm still waiting on the day

[Jerry]

No of auction
244
Day
Wednesday
2004/8/18




Details
Notes

Number of banks 15 ---------
Auction price (selling & buying) dinar / US $ 1460 ---------
Amount sold at auction price (US $) 12.105.000 ---------
Amount bought at auction price (US $) ------ ---------
Total offers for buying (US $) 12.105.000 ---------
Total offers for selling (US $) ----- ---------

[RogerL]

ok, so no rate change today, but why do we all have to go to sleep??? lol my boss wouldn't like that! :pI'm not going to sleep just yet. Besides, I'm in the middle of upgrading one of my TiVo units to add a couple of really big drives. :)

Pajama party tomorrow night, anyone?

[iraqidinar2005]

I do notice the amount sold at auction is significantly lower...

[minigirl]

I'm not going to sleep just yet. Besides, I'm in the middle of upgrading one of my TiVo units to add a couple of really big drives. :)

Pajama party tomorrow night, anyone?


Like I said, count me in, but I have to wear clothing. lol

[RogerL]

Like I said, count me in, but I have to wear clothing. lol Pajamas are clothing, too!

[minigirl]

Pajamas are clothing, too!

I'll have to check the dress code here... lol

[Jerry]

If ya wore the fredricks stuff I wouldnt complaine ;)

[minigirl]

If ya wore the fredricks stuff I wouldnt complaine ;)


lol don't want to rile up the cleaning crew - they're crude enough with me! lol :rolleye03 :)

[minigirl]

so why did Jen and pooky get ticked off at us when we were questioning their info? Some people are so finiky.....

My best guess is that they got upset when people either 1. attacked them personally for believing, passing on the info that's rumor or 2. accused them of actually being dinar sellers that were trying to drive up their sales.

I don't want to stereotype women OR men, but speaking as someone who is only a member of one other board that was 95 percent women, it's a shock to come here and hear how men rip on each other, and also rip on the women - taking little digs, outright insults, etc. Women don't take these things the same way, try to remain more politically correct and nice on the boards. I have gone through total culture shock here, but it's a valuable resource, so I've tried to turn a deaf ear to all the posturing, etc. When it's directed AT me, it's more than I can take - I've wanted to ditch the board totally more than once! (no - this isn't about the Vikings. lol)

Call me too sensitive, but I like this environment when it's civil.

I'm sure I'll catch alot of crap for generalizing - that's fine.. just don't call me stupid.

;)

[neptune]

I do notice the amount sold at auction is significantly lower...
I noticed that as well. Is that a good thing or bad thing? Or nothing?

[Jerry]

so why did Jen and pooky get ticked off at us when we were questioning their info? Some people are so finiky.....

Yeah didnt they invent 9 lives in that can for people like that?

[PennStateMtnMan]

If I remember correctly, Jen and Pooky both said it is rumor. They never said it was a fact or definate. They said it might or might not happen. I am glad they posted what they have heard. They have contributed to this board more than I have with information.

[dinardude]

If I remember correctly, Jen and Pooky both said it is rumor. They never said it was a fact or definate. They said it might or might not happen. I am glad they posted what they have heard. They have contributed to this board more than I have with information.

I agree...As I stated before I like all the information people give on this board. Lesson to be learned for certain, rumors are rumors, facts are facts and we all need to be smart enough to decipher the differences...or should I say we owe it to ourselves to research everything then come to our own conclusions and then make the appropriate decisions that work best for us.

Keep it coming!! :drunk:

[Jared]

We've been having fun... sort of like New Year's Eve...

I'd say more like Christmas. We can see our presents but are not allowed to open them yet. "Awe come on mom, just one!" :p

Jared :wave:

[nubain45]

Folks,

Everyone has a different tolerance level for everything. Some folks will sell it all when the dinar exchanges for a dime and will try to buy more hinging on an inclination in price above the dime. Others will sell part and hedge on the rest looking for the same inclination. There will be the third group that will ride the wave and sell somewhere down the road. Early traders' actions will cause the currency to devaluate temporarily because of the flood of currency coming out of nowhere. Time will result in stabilization and the resultant rise if the world/Iraqi situation itself is stable.

The real moneymakers will be those that continue to work, pay their bills, raise their children, pay their taxes, and vote. They will be vigilant and patient. Three, five, ten years.

I am just a poster here and probably write nothing that is 'news'. But Heed this. A MILLION DOLLARS IS NOT ENOUGH TO RETIRE ON AND LIVE IN COMFORT. TWO MILLION DOLLARS IS NOT ENOUGH TO RETIRE ON AND LIVE IN COMFORT. I am not basing this on living like a 'Sultan'. I base this on being middle-middle class. A decent home in the rockies and one at the beach. Splitting time between them and one good 2 week vacation per year. Normal, average yields won't allow this. If you can earn 5% on 2 million- which is a damn good long term return nowadays, you will realize 100k/yr as long as you don't touch the principle. That is not reinvesting profit, if you do that, you will realize less immediate income but more long term income. I have almost 2 million in NET ASSETS and can't do what I listed above without watching every penny. I will wait........3........5....10.

Good luck, but be realistic and patient.

you amaze me, I am tempted to offer you guys 1k per million and see how many bite. This is an ultra-marathon not a 40 meter sprint........

[iraqidinar2005]

I noticed that as well. Is that a good thing or bad thing? Or nothing?

If you have 100 people and you have 1000 apples. The apples will be worth less than if you have 100 people and 50 apples.

Then again, not being an economist, I would venture to say that currency value differs from commodity value.

I will have to go back and read the "pegging the dinar" tutorial... :lmao:

[neptune]

If you have 100 people and you have 1000 apples. The apples will be worth less than if you have 100 people and 50 apples.

Then again, not being an economist, I would venture to say that currency value differs from commodity value.

I will have to go back and read the "pegging the dinar" tutorial... :lmao:
You just made me have a college flashback of my econ class...Yikes!
:lmao:

[Psycho for Dinar]

I found this while searching for old articles on Iraq. This one is dated July 2003.

http://www.georgescorm.com/en/articles/articledetail/article04.shtml

Interesting to read recommendations prior to the release of the new currency in October. They recommend a strong opening exchange rate of 15 NID to $1, or 6.7 cents. I'll take that.

[.[/I]

Excellent article, I wonder if it would open at a higher rate considering that alot of the debt discussed in the article has, and will, be forgiven?

[ROB5891]

good article although i would prefer for it to open higher :huge:

[bottlebush]

WOW=== That would be fine with me. 6.7 YES YES

[Psycho for Dinar]

Actually, it comes out to 6.66.......hope thats not a sign! ;)

[dinaranxiety]

I am tempted to offer you guys 1k per million and see how many bite.

2K and you got a deal lol

[jeffreyspears]

Is it a good thing or possibly a "gooood" thing? I have been reading here for about a month and I love it. Now I can ask a few questions instead of having to wait for someone else to ask what I need to know. :huge: This question is directed at IraqiDinar2005. :)

[NOTRE DAME FIGHTING IRAQi]

you amaze me, I am tempted to offer you guys 1k per million and see how many bite. This is an ultra-marathon not a 40 meter sprint........


I will sell to you at 1k/Million all day long. How many would you like?
100 ? 50? 25? 500?


"I'll give you $500 if you have two boiled eggs in your purse....Wuh! :eek: ....What on earth are you doing with boiled eggs in your purse?"
-- Monty Hall

[OU FAN]

THE pj PARTY SOUNDED FUN EVEN IF THE DINAR DIDN'T DO WHAT WE WANTED IT TO AS FAR AS OPENING AT .31. WISH I HAD BEEN THERE TO CELEBRATE AND WAIT WITH YOU LAST NIGHT.

[Psycho for Dinar]

Are we rich yet???

[ROB5891]

how we be rich from the dinar yet? i'ts flat and hasnt gone anywhere

[ROB5891]

pretty decent thread right tony

[ROB5891]

i wouldn't doubt it tony

[Psycho for Dinar]

it makes me wonder how much a thread is gone hit when the dinar opens at a decent rate and the question rises now what? lol maybe as high has 50,000 lol

If it hits at a decent rate, I have a feeling this is going to be like a ghost town.

[Jen39503]

Psycho,
I think so too, lol

[kelleyB]

I will come back to visit still. :( We can make a new forum for us... called...."Investor's Iraq For the Smart Forum" :) We can share what we have done with the mulla

[turbofastaz]

even the ghost will begone trading there dinnars in too

[RogerL]

I think most of us will stay here and celebrate for at least a little while. We'll congratulate each other on how smart we were. Then we'll compare wallet sizes, e.g. mine will take up an 8x10 room! We'll moan and groan about how much we have to pay the IRS. We'll compare new cars. :) And so on.

Not all of us will sell all at once. We'll probably be figuring out how and when it'll appreciate further and by how much. We'll discuss rumors about when it'll change from a float to a peg, or vice versa. We'll hold pajama parties again if a milestone happens.

Eventually, it'll fade away and we'll all go our separate ways. But I think it'll take a bit of time.

[highrollr19]

We really should throw a big dinar party on some tropical island if it does hit! That would really be a lot of fun!!! I will stick around to congrat everyone... for sure! Plus... then the thread titles will be "when to sell"

[Jen39503]

Sorry, no reunion party for me.
Gonna cash it all in, load up the horses and of we will go to a place far far away.
Gonna raise the horses, buy some chickens and plant maters. :lmao:

[highrollr19]

Alright... we will just party on your farm then? That sound good? :o

[Jen39503]

:no: :no: :lmao:
We've got our eyes on 300+ acres in South Dakota. The requirements would be:
1. Harley required
2. BYOB
3. Bring your own tent
4. Clothing optionable (just kidding)

[highrollr19]

I can buy a hog... and a tent... I will supply the beer... and I'd rather not see everyone on this board in the buff!!!

[Jen39503]

:lmao: yeah me too, that why i said "just kidding".

[Dinar Bull]

I can buy a hog... and a tent... I will supply the beer... and I'd rather not see everyone on this board in the buff!!!


Don't bet on it- :lmao:

[Dinar Bull]

Sorry, no reunion party for me.
Gonna cash it all in, load up the horses and of we will go to a place far far away.
Gonna raise the horses, buy some chickens and plant maters. :lmao:


Whats a mater :rolleye03

[Jen39503]

tomatoes, lol

[OU FAN]

fried green maters are the very best !

[Munich-Jack]

My understanding is it should be set at whatever rate by October, anyone wanting to cash in will probably have to wait until Jan. or when ever the banks start to reconize it.

[BRYAN]

My understanding is it should be set at whatever rate by October, anyone wanting to cash in will probably have to wait until Jan. or when ever the banks start to reconize it.
What about bank account holders ???? Will they have to wait also ??? or are they the ones that get to cash in first ?? :confused:

[Psycho for Dinar]

The banking system will recognize it when it goes on the exchange. Wells Fargo stated to a fellow employee that when it goes on, they will be ready!

[ROB5891]

hey my thread's back!!!! :happy64: what is projected for oct?