Iraqi Coins

[Mr. I]

Dear Warka Investors,

I would like bring to your kind attention that 25 and 100 Dinar coins will be removed from circulation on the 31st of January 2008.

Best regards,

Mr. I
Deputy Managing Director
International Affairs

[BNZI]

Thanks for the confirmation Mr I.

Do you know, or are you allowed to say what the coins will be replaced with? Will there be a 25 Dinar note? Thanks for your time.

[Mr. I]

The coins will be replaced with the current denominations. No plan to print any new notes!

[BNZI]

The coins will be replaced with the current denominations. No plan to print any new notes!

So 2 x 25Dinar coin will be exchanged for 1 x 50 Dinar note. I believe some, including myself, were hoping there would be some new smaller denominations.

Thanks for keeping us informed Mr I. :clapping:

It's quiet on here today. Not many people posting.

[BRYAN]

The coins will be replaced with the current denominations. No plan to print any new notes!
Thanks for the update Mr I and just wanted to say Great Job :yes: for all you do for us:happy64:

[TreasureHunter]

The coins will be replaced with the current denominations. No plan to print any new notes!


I wonder if the 5 missing/unaccounted for denominations....from the original "14 Denominations of Currency and Coin" that were printed in 2003 would be concidered..."current denominations"???:tmi: They wouldn't have to print any..."NEW" notes!!! They would just have to use the ones they already have sitting in their vault at the CBI!!!:lipssealed:


We have to remember......

It's no longer just...BLACK & WHITE!.....RIGHT & WRONG!...TRUTH or LIE!

There's ........"POLITICALLY CORRECT!!!":giggle:

JMO:rolleyes:....I was..."Just a Little Curious?!?!?!?"

[JPmonopoly]

The coins will be replaced with the current denominations. No plan to print any new notes!
Thats big news! thanks for the confirmation.

[buck74]

Thanks for posting the information Mr. I, always great to hear news from you.

[BNZI]

Bump!!!

Seems not many people have seen this from Mr I.

[wherbie]

Thanks...

Mr. I....dont be a stranger here....

.

[buck74]

This question was asked in another thread but what is a guy comes in and wants to exchange his 25 dinar coin, what are they going to give him for it? They would have to tell him the coin is worth nothing, if there is nothing to exchange it for. Would they open him a bank account with 25 dinars in it? Seems this exchange will be a money maker for the CBI, because many people will just not bother then come Feb. 1 the coins are worthless.

[BNZI]

This question was asked in another thread but what is a guy comes in and wants to exchange his 25 dinar coin, what are they going to give him for it? They would have to tell him the coin is worth nothing, if there is nothing to exchange it for. Would they open him a bank account with 25 dinars in it? Seems this exchange will be a money maker for the CBI, because many people will just not bother then come Feb. 1 the coins are worthless.


It also says in another thread that any amount under 5000 Dinar will have to be deposited into a bank account rather than an actual physical exchange. :yes:

[BNZI]

"We propose in the light of cancellation by the State to be issued (coins) metal groups of not less than five thousand dinars, or over are subject to the deposit of the bank, both of which savings or current accounts .. .. Or are considered to be of value to him balance the benefits granted by the bank and set them a special mechanism which helps to savings with the bank .. "

http://www.investorsiraq.com/showthread.php?t=63983

Actually.....reading this again, it says 5000 Dinars or more would have to be put into a bank account? Not sure what they'll do if someone only has one 25Dinar coin?

[TreasureHunter]

Mr. I, Greetings!

If you EVER have any information that you would like to pass along pertaining to our dinar/stock investment and/or our dealings with WARKA....PLEASE! Feel free to post at any time!!! By posting information here on the forum for all to read....it could save you from having to deal with a lot of cumbersome e-mails! Post it hear and answer the questions ONCE.......instead of a thousand different times through e-mails!!! This forum could be a very useful tool for you, as well as, for many of your clients! WE do appreciate all that you and your staff do for your clients as we go forward in this investment in Iraq! And we encourage you to use this forum frequently to your best advantage...and ours! We also welcome any questions or concerns you may have of us....feel free to ask. We are all here for each other...to lift up and to learn from one another and would like you and your people to be an integeral part of the IIF Community.

Thank You.:bow:
Best Regards,
TreasureHunter
:handshake:

[HPU-103]

The coins will be replaced with the current denominations. No plan to print any new notes!


AMEN, MR. I. HAPPY NEW YEAR AND GOD BLESS YOU AND YOUR FAMILY.:rock: :handshake::rock:

[MrAustin]

Someone I know asked me a question today that I didn't know the answer of.

"Are we able to send the coins to our bank in Iraq? Especially since banks in the U.S. won't take them."

so are we?:rofl:

[TreasureHunter]

Someone I know asked me a question today that I didn't know the answer of.

"Are we able to send the coins to our bank in Iraq? Especially since banks in the U.S. won't take them."

so are we?:rofl:


Of course we can send our coins to Wark and have them deposited! Just like any other Dinar! AS LONG AS...you get'em there before Jan. 31st.!!!:giggle:

The BIG question is.......WHY ON EARTH WOULD YOU WANT TO SEND YOUR COINS TO WARKA?!?!?!?!? :surprised:
A 25 IQD coin if cashed in at Warka would get you about 2 cents! That's before any exchange fees etc.! Now! If you're like most people.....you paid 25 cents or MORE each for those coins!? So!...You pay 25 cents for it...you sell it for 2 cents? Not a real good PROFIT Margin!!!:tmi:
Unless you literally have a TON of these couns layin' around.....and got'em dirt cheap! Worth more as a collectors item!:nod:
If the guy wants to sell'em back to Warka.....I'll buy them from him and save him all the fees! And I'll even pay shipping!!!:call:

[MrAustin]

Of course we can send our coins to Wark and have them deposited! Just like any other Dinar! AS LONG AS...you get'em there before Jan. 31st.!!!:giggle:

The BIG question is.......WHY ON EARTH WOULD YOU WANT TO SEND YOUR COINS TO WARKA?!?!?!?!? :surprised:
A 25 IQD coin if cashed in at Warka would get you about 2 cents! That's before any exchange fees etc.! Now! If you're like most people.....you paid 25 cents or MORE each for those coins!? So!...You pay 25 cents for it...you sell it for 2 cents? Not a real good PROFIT Margin!!!:tmi:
Unless you literally have a TON of these couns layin' around.....and got'em dirt cheap! Worth more as a collectors item!:nod:
If the guy wants to sell'em back to Warka.....I'll buy them from him and save him all the fees! And I'll even pay shipping!!!:call:

combined both of us have over 2 million worth in coins. :rofl:

and before you ask it's a long story why we have so much lol

[dinar 4 2]

combined both of us have over 2 million worth in coins. :rofl:

and before you ask it's a long story why we have so much lol
2M IQD in 100 IQD coins weighs 190 pounds.
2M IQD in 25 IQD coins weighs 353 pounds.

A mix of 25 and 100 IQD coins weighs between 190 pounds and 353 pounds.

I really, really want to hear how you acquired the coins and the shipping costs.

How are you storing them?

[Tallil1]

combined both of us have over 2 million worth in coins. :rofl:

and before you ask it's a long story why we have so much lol

Sounds like a plot to a movie...:lmao:

[mcdan]

combined both of us have over 2 million worth in coins. :rofl:

and before you ask it's a long story why we have so much lol


http://worldcoingallery.com/countries/Iraq.html

[MrAustin]

2M IQD in 100 IQD coins weighs 190 pounds.
2M IQD in 25 IQD coins weighs 353 pounds.

A mix of 25 and 100 IQD coins weighs between 190 pounds and 353 pounds.

I really, really want to hear how you acquired the coins and the shipping costs.

How are you storing them?

Not all 2 mil+ are mine, I keep my coins in a paint bucket, not sure where my bud keeps theirs. We acquired them from some family in Iraq (short version). Shipping wasn't a factor in bringing back to America.

[wherbie]

2 M in coins...are you nuts ?...

.

[copper13]

Dear Warka Investors,

I would like bring to your kind attention that 25 and 100 Dinar coins will be removed from circulation on the 31st of January 2008.

Best regards,

Mr. I
Deputy Managing Director
International Affairs

So this is Dated last year?????:headbang:

[mailman17]

So this is Dated last year?????:headbang:
yes it is Copper...good find. Didnt notice the date..Old News.:sleepy:

[LongShot]

The coins will be replaced with the current denominations. No plan to print any new notes!

Yikes that don't sound good.

[shardima]

Yikes that don't sound good.

thats because they have already printed them! no brainer!

[jssphoto]

Paper or plastic?...uh...I mean paper or coin?

[shardima]

do you have a Link?

well there are numerous articles that say that there were 14 denominations of the new iraqi dinar printed, oh and how many have been released, which says to me the onesnot released are lower denominations! dont need a link. go and find it!

[shellie01]

well there are numerous articles that say that there were 14 denominations of the new iraqi dinar printed, oh and how many have been released, which says to me the onesnot released are lower denominations! dont need a link. go and find it!
Numerous? Really? I've only ever read the one. I'd love to know there were other confirmations.

[Dakota77]

Dear Warka Investors,

I would like bring to your kind attention that 25 and 100 Dinar coins will be removed from circulation on the 31st of January 2008.

Best regards,

Mr. I
Deputy Managing Director
International Affairs
This is dated 12-30 2007. Why is it posted again?

[Stuck@Cedar]

well there are numerous articles that say that there were 14 denominations of the new iraqi dinar printed, oh and how many have been released, which says to me the onesnot released are lower denominations! dont need a link. go and find it!

Sometimes the main reason I read these posts is for the humor. This is a good example. The thought of telling someone, who seems to disagree with you, to do the legwork to prove YOUR side of a disagreement is laughable. Hey I know, he can use your logic. He said there is only one article, why don't you do the legwork to prove his statement?:yelrotflmao:

If there are "numerous" articles stating that there were 14 denominations, you would think that it wouldn't be asking too much for a couple of links... unless, of course, you were making that statement in the RUMOR section. If it's a RUMOR, no links are necessary since there probably aren't any.

[Joetricky]

Without having done any research into any of this, ie whether or not there are coins in circulation, are there smaller denoms printed etc etc. I think the point that we are missing is that over a year ago Mr I said that these coins would be removed at the end of this month. If it happens it makes Mr I a very reliable source and someone who really does have an insight into future plans for the dinar. Don't knock it.

[LongShot]

That said there is an equal chance the other denoms were higher values in case they needed hem no? This has to be considered as a possibility.


well there are numerous articles that say that there were 14 denominations of the new iraqi dinar printed, oh and how many have been released, which says to me the onesnot released are lower denominations! dont need a link. go and find it!