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DINARESGURUS.BLOGSPOT.COM_________________ _______

Friday, July 3, 2015

MILLIONDAY CHAT UPDATE, 3 JULY

Millionday: The Central Bank of Iraq (CBI) has been attempting to delete three zeros from the Iraqi currency since 2003. This project has raised many concerns among the Iraqi public and within the business community, and Iraqi economists are divided…

…Haider al-Abadi, the head of the Iraqi parliamentary Finance Committee, told Al-Monitor that while deleting zeros from the current currency is possible, this has been postponed until after parliamentary elections. He noted that studies are being carried out to ensure that, following the currency change, counterfeiting is limited and that Iraqis don’t go back to trading in the old currency.
~~~
Millionday: NOTE --THIS WAS SENT TO ME BUT

Millionday: HAS BEEN REPRINTED SINCE THEY HAVE BEEN REPORTING THE COINS (METAL)

Millionday: The step to delete zeros from the currency has been postponed several times, leading the parliamentary Economic Committee to demand that the CBI accelerate this project,

as Al-Sharqiya reported. In a news conference held July 6, the Economic Committee confirmed that the deletion of zeros will lead to an increase in the value of the Iraqi dinar and will have positive repercussions, including a reduction in unemployment and poverty rates in the country.

jtank: is it postponed or not?

Millionday: THIS AN EXACT REPORT THATY WAS PRINTED LAST YEAR SO VERY ODD WITH ALL OF THE DEMANDS WE HAVE SEEN

Millionday: SO AS WE CAN SEE THEY HAVE REPRINTED THIS ONE MORE TIME --

Millionday: Ahmed Abed Rabbo, the Ministry of Commerce is preparing to print about 8 million new ration card for the year (2016-2017) .ufema revealed the inclusion of all the families of the new model, including high earners and displaced people, confirmed that the new model is not available for fraud and manipulation.

Director of Monitoring and Planning Department at the Ministry Hussein Farhan said a special permit for "morning": that "the ministry is preparing to print a new model for the ration card (2016 -2017) for all of $ 7.8 million families by 36 million people, including the owners of high-income families, although withholding the ration card items for them, in addition to the displaced families.

Millionday: NOTE---THIS IS TO INCLUDE THE FINGERPRINTS TOO IMO --

Millionday: NOTE -- THEY ANNOUNCED THAT FOR SECURITY THEY WOULD BE USING FINGER PRINTS IF YOU WERE NOT HERE

Millionday: He explained that "the ministry took into consideration the needs of citizens for the ration card in the promotion of the various transactions in government departments",

adding that "the new model is not available for fraud and damage because it contains a high percentage of cotton and cellulose, Add to Alvesforh secret tape. "

said Farhan, "The Ministry will start distributing between supply centers in Baghdad and the provinces upon the completion of printing full form, as it will reach citizens by agents of the ration for free."

Millionday: NOTE -- A SECRET TAPE HAS BEEN INCLUDED --- WOW --- VERY PERRY MASON LOL

Millionday: NOTE -- HOWEVER THEY HAVE ANNOUNCED TO THE CITIZENS THAT THE NEW RATIION CARD SYSTEM IS STARTING

Millionday: He said the "distribution would be by bringing the old ration card model (2014 - 2015) to the Under-ration with photocopies of the identity card for each family member, in addition to housing card head of the household. "

 In the same vein, the Director of Planning and Follow-up Department stressed that the ministry is considering the application of the electronic card project of the items of the ration card which would provide the speed and flexibility high citizen during the process of assuming food vocabulary in specific appointments launched by the ministry.

He hilarious that he "will reduce the rings routine used and would completely eliminate the manifestations of financial corruption and Alaptzar posed to citizens by some food agents.

Millionday: NOTE -- THIS WILL SERVE AS YET ANOTHER WAY TO AVOID CORRUPTION -- AND IS STARTING -- THIS CERTAINLY WILL BE GOOD FOR THOSE THAT HAVE BEEN WAITING ON BENEFITS FUNDING

Millionday: include the ration of flour, rice, sugar and milk card items Kids, edible oil, after deducted the ministry powders and milk adults and legumes.

In the meantime, the ministry announced tenders for processing the amount of 50 000 tons of sugar and 10 000 tons of edible oil to support the ration card items.

Millionday: According to a ministry statement received "morning," a copy of it, that the import quantities of sugar according to the tender includes all origins except Thai TRR sign with the introduction of the amount of 10 000 tons of edible oil and origins of all except the Chinese to cover the ration card of materials requirements and according to the approved General Company for Foodstuff Trading with the specifications.

The statement noted that "Hotel Window Article sugar until 07/16/2015 while the presentations to be material to the food window Oil up to 12.7.2015 to be accompanied by Ptominac initial offers by a bank guarantee BID BOND or a certified check for the General Company for the food trade in the ministry as well as other archives.

Millionday: SO AS WE SEE THE BENEFITS ARE ONCE AGAIN BEGINNING

Millionday: Khandan - held Iraqi Prime Minister Haider al-Abadi, a telephone conversation with US Vice President Joe Biden. He said the Information Office of Ebadi said in a statement that during the phone call (discuss the political and security situation in Iraq and the region and the challenges they face and the victories achieved on gangs Daash terrorist addition to edit gray , Mosul and other areas).

Millionday: VICTORIES WITH MOSUL AND OTHER AREAS -- VICTORY -- WHOOOPOW

Millionday: He Abadi that (military operations in the continuous progress in all the pieces that we have determined to free all Iraqi territory), referring to the (importance of the cooperation of States to control the border to prevent the flow of terrorists).

 The statement noted that (Biden praised successes It realized the Iraqi government and the victories achieved by the Iraqi forces), pointing out that (the US administration continues to support the Iraqi government).

Millionday: SO THEY ARE CONTROLLING THE BORDERS AND THIS IS A PRAISING FROM BIDEN -- LOVE IT

Millionday: MOSUL IS GOOD NEWS

.MOD.subgirl: Have you found anything on the credit rating for Iraq on July 7th AND do you have to have a revalue IYO before the credit rating?

Millionday: I HAVE RECEIVED MANY CALLS ASKING ME ABOUT THE COMPLETION OF THE CREDIT RATINGS BY THE 7TH AND AM STILL LOOKING ---

Millionday: ALL I FOUND WAS A MEETING ON THE 7TH

Millionday: I WILL BRING THE FIRST THING I FIND THAT IS FOR SURE HUN

Millionday: I DONT THINK THEY HAVE TO REVALUE BEFORE THE CREDIT RATING BUT I WOULD THINK THE REFORM PLANS AND REVENUE EXPECTATIONS ETC WOULD BE RELEASED FOR THE RATING THOUGH OR AT LEAST THE SCHEDULE TO PAY ALL DEBTS

quicktolegit96: SUB, CREDIT RATING IS FOR CONFIDENCE TO BRING INVESTORS IN I BELIEVE...

Millionday: THE CREDIT RATING IS FOR MANY DETERMINATIONS HUN, INTEREST RATES FOR INTERNATIONAL BANKING

mary: Have you seen any dates on when the large bills/coins will be out ? Thank you...

Millionday: NO I HAVE NOT SEEN ANY DATES FOR THE RE-DENOMINATION YET HUN

Millionday: Capital Bank of Jordan was authorised last week by the Jordan Securities Commission ( JSC ) to raise its capital from JD181.5 million to JD200 million.

The JD18.5 million capital increase will be carried out through capitalising the amount from the JD44.16 million of retained earnings and distributing bonus shares at a rate of 10.19 to shareholders registered in the company's records at the end of July 7, 2015, which is 15th day from the date of the JSC approval, as required.

Millionday: SO REMEMBER JORDAN HAD NO PROBLEM WITH ANNOUNCING THAT IRAQ HAS HUGE OPPORTUNITY IN THE REGION AND WORLD ---REGISTERING THEIR COMPANIES HAS TO BE DONE BY THE 7TH AS WELL HMMMMM

Millionday: Mayssam action taken by the central bank to increase sales of the dollar in its daily auction, which led to the decline of the dollar in the parallel market price of the levels of 1400 dinars to the dollar to 1260 dinars is really an Annie was directly aimed at putting an end to the uproar that accompanied by rises in the exchange rate, and that could have been internal and external parties and the media,

which swore hostility to Iraq and plan for change that employed for the manufacture of more crises that are harmful to the country, but the Economic Observer remained puzzled by Omrh..flaoh on what is involved the move of a flagrant violation the text of the general budget for the 2015 law,

Millionday: NOTE -- REMEMBER THE MANY PROMISES BY CBI THAT THEIR ACTIONS WOULD RESOLVE THE PARALLEL RATES --

Millionday: , specifically the provisions of Article 50, which the observer finds confusion and clear the maker of monetary policy, or maybe he finds a clear condemnation of the consequences of which can be attached to the national economy due to interference in the work of the Central Bank directly responsible for monetary policy in the country, the manual mode .

It is known that Article 50 of the general budget, which identified the central sales at 75 million dollars a day the law came in coordination with the Central Bank and with the consent on the grounds that the exchange rate in the parallel market will be determined by aggregate demand depending on the market mechanism ..

 In this sense it was some economists are defending what is stated in Article 50 while the legislation budget law, arguing that this provision would limit the hard currency that do not go to funded foreign trade flow, and that rises in the exchange rate in the parallel market will probably be inevitable, but

Millionday: NOTE -- THEY HAVE SET REGULATIONS WITHIN THE BUDGET KNOWN AS ARTICLE 50 TO CONTROL SALES OF THE DOLLARS ALOTTED FOR

Millionday: The was objectors expecting the worst due to the need for basic to finance foreign trade, which is estimated in the range of 150 to 200 million dollars a day, in the absence of political and economic instability and hostility obviously for some countries in the region to Iraq,

which is working hard and spending high on the damage to the Iraqi economy, which will give an opportunity for speculators to manipulate the price exchange, according to the publicity and noise fifth column in addition to what is said on intervention independently work of the Central Bank,

and therefore the inevitability of the absence of monetary stability which the central work on it and spent for him money over more than ten years,

especially since the Article 50 included a provision calling for participating in the auction the bank to provide documents the introduction of goods and data of tax settling accounts and savings Alkmarki within 30 days from the date of purchase of the amount.

Millionday: NOTE -- WHOOOPOW LOOK AT THE EXPECTATION OF FOREIGN TRADE --RICH TRADE LOL

Millionday: NOTE -- SO TAKE A LOOK AT THAT

Millionday: NOTE -- 30 DAY PROVISION --- SMILE --

Millionday: which is incompatible with the logic of a quick profit, which Aatacht and matured by the capital of private banks described by some with shops,

at a time when the amount of sale specified in the auction for less than the rate of one-third than it was shall be punished by expulsion from the auction who did not submit a certificate of tax settling accounts and input Alkmarki and documents the purchase of goods,

which was likely a state of unreality as can be imagined, and the proverb says, "that I wanted to be obeyed and ordered what is possible," as it was natural to exclude a number of banks from the auction until the completion of tax settling accounts under the text of the budget law,
it is known that some, if not most of them, in fact, does not want to settling accounts as it enters the auction and get their quest for years ago, so how can it be Taathacb tax and the process of buying the dollar in less their situations and according to strict instructions.

Millionday :NOTE -- AS WE CAN SEE THIS IS ALL ABOUT THE APPLICATION OF THE MONETARY POLICY -- LOVE IT

Millionday: SO --- SORRY ABOUT THE BAD TRANSLATION

Millionday: Our current services we provide to our customers are as follows

Buying, selling and exchanging foreign currencies at the best prices.

Send remittances via WESTERN UNION system to all over the world in minutes.

Send regular and rapid transfers to various parts of the world, and as soon as possible.

Pay regular and rapid transfers incoming beneficiaries Upon receipt of the payment order, with an option to pay in cash or by check drawn on a bank of any of the banks that we are dealing with it.

Notice of the beneficiaries of remittances arrival of remittances on their mobile phones.

Delivery of Q cards holders.

The company is looking to offer more services to their customers in the light of the Iraqi Central Bank approval, please note that it will be announced to our customers if any new services are being developed.

Millionday: SO AS WE SEE -- WHOOOPOW

Millionday: WESTERN UNION IS HUGE AND ALSO REQUIRES ALL EXCHANGE RATES DATA ENTERED

Millionday: NOTE ==THEY ALSO WILL BE TAKING PART IN THE LOADING OF THE SMART CARDS/Q CARDS AS WELL

Millionday: REMEMBER THAT THEY WILL BE USED GLOBALLY -- WHOOOPPPOW

Millionday: SO ALSO ANY NEW SERVICES WILL BE HANDLED BY THEM AS WELL

Millionday: OK END OF FANTASTIC REPORT ---WHOOOPOW

Some Post RV Tips: Take what fits your individual situation and leave the rest by MIKEH, 3 JULY

Some Post RV Tips:  Take what fits your individual situation and leave the rest.

HOME SECURITY SUGGESTIONS:


_____ Install a security system in your house.

_____ Install a backup generator in case the electricity is cutoff in your house.

_____ Install high security Medco bolt locks.

_____ Consider installing a heavy-duty safe in your home or building a "safe room". I plan on having a hidden safe like what is available through this company: www.hiddenpassageway.com

_____ Install reflective film on your home windows.
....
_____ 1. INSURANCE:

_____ Upgrade your personal, home, auto and umbrella insurance to the highest amount they are willing to sell to you immediately following the RV.

_____ For example: if they offer $1 million on your vehicle, get it. It can be a first line of defense in the event someone tries to sue you from an accident (even a "planned accident").

_____ Consider ransom insurance, too!

_____ 2. PERSONAL SECURITY:

_____ Get training in self-defense / firearms.

_____ Don't flaunt your newly obtained wealth. Be very low-key.

_____ Be careful of your conversation in public areas where others can overhear you.

_____ Don’t trust anyone.

_____ Pick your friends wisely. Keep your friends close and your enemies closer.

_____ Close all of your social networking accounts. If anyone asks you why you closed your Facebook, just tell them for security reasons. (my husband and I have already done this).

_____ Completely erase all personal information on the internet.

_____ Do not have your home in your personal name (you can use a trust, for example). Remember, property tax records and other records associated with your home are easily available to the public.

____ 3. IDENTITY THEFT:

____ There are many companies available to assist you with protecting yourself from identity theft, such as Lifelock

**********

How to work a bank deal post RV

_____ First of all, relax. You do not have to cash out the very first day. You will have plenty of time. Make sure you are getting the best deal you can.

_____ Money talks and has considerable power. You need to walk into a bank and tell them what you expect if you choose to exchange your dinar there.

_____ You expect no fees, the highest rate possible (make sure you tell them the rates you can get elsewhere)

_____ Immediate access to your money

_____ An appointment with a private banker and

_____ An appointment with a wealth mgmt. consultant.

_____ A private or personal banker is your personal banker and they are there for you.

_____ This is your go to person for normal banking issues and transactions. They should be the only one to handle your account and you should keep their number on speed dial.

_____ Your private banker is always there for you and defers to your decisions.

_____ Make sure and feel comfortable with whom your private banker and wealth mgmt. advisor is and feel

_____ Free to ask for a new one if needed.

_____ Always ask for referrals, successful bankers do not mind providing this information.

_____ Then check on those referrals and ask questions such as…is the banker available when needed,

_____ Do they return calls in a timely manner,

_____ What is your track record with them.

_____ Do they follow your agenda or push their own?

_____ Since you are going to become very close to these people….

_____ You need to assure you have like personalities and are comfortable dealing with them.

_____ The bank we are dealing with makes additional resources available depending on your net worth.

_____ Worth (for lack of a better word) start at $250,000 in investable assets and go up from there.

_____ Obviously the more you are worth, the greater your accesses and privileges.

_____ Privileges include such things as …..

_____ Investment management,

_____ Concentrated stock management

_____ Intergenerational wealth transfer strategies.


_____ Make sure they are professional and not just someone you hear about on the internet. You've waited to long for this money to lose it via some internet scheme. Other things you need to ask for and expect includes…

_____ NO fees ever…. 

_____ NO cashier check fees,

_____ NO bank fees,

_____ NO credit card fees or

_____ Annual membership fees,

_____ Free use of a safety deposit box.

_____ You need to ask for a privileged ATM card. I am not sure what other banks call this so make sure and ask. It’s a debit card with higher daily limits or even unlimited depending on your situation and NO FEES, even when out of network.

_____ Be sure to determine both your ATM cash withdrawal daily limit (or no limit) and your debit card spending limit (or no limit). They’re different.

_____ Banks are well aware of how to verify and deposit foreign currency as they do this every day. Your dinar will be sight verified in front of you and deposited into your account.​

DINAR GURUS UPDATE, 3 JULY

7-3-2015   Intel Guru Frank26    [Is Iraq's credit rating still a go for July 7th?]   iMO...They have it...We public Joe does not yet.  Based on BONDS INTEL. We see international not domestic bonds.  [I think EID would be a great time for the Iraqi citizens to receive their share of the oil revenue!]  Was asked Monday if i feel 2015 is our year.  Don't know...But do know this is the FIRST time we see the HCL in its full statuesque form on the operating table...THE FIRST YEAR EVER!

7-3-2015   Newshound/Intel Guru BGG
  it is my strong belief something has to happen soon - there is a lot of stuff going on over the next 10 days or so... the 50 class note, Maliki, trials, $$ shortages - very, very exciting times. ...they may be forced into some kind of currency reform - whereas before it was more a "planned event"... exciting times.  ...do I care what the number?? or exactly when?? No - just get things going already!!

7-3-2015   Newshound Guru Chattels
   Article quote:  "Iraq's autonomous Kurdistan Regional Government (KRG) is backing away from its troubled oil export and revenue sharing agreement with Baghdad, by allocating much more of its oil production to autonomous sales and seeking to renegotiate its fiscal relationship with Baghdad.  CONTRARY TO CERTAIN COMMENTARIES...THE KURDS HAVE NOT BEEN AND ARE NOT HAPPY...

7-3-2015  Newshound/Intel Guru BGG   now for the good news - they have regained their senses and restarted the auctions...which - in the short term - is better for everyone. Using USD to attract IQD on the cheap is a good way to go. 
7-3-2015   Newshound Guru Aggiedad77   Article "Parliament's legal (et): next week will hold consultations between the three blocs to pass important laws"  This is a sign of some positive action that could be coming up next week within Parliament....plans by the Legal Committee to get a couple of these more important laws pushed to the forefront of the Parliament agenda hopefully....the National Guard Law, the Federal Court Law, and the Law of Parties....apparently these are close to a vote and are believed to be doable in the very near future.

7-3-2015  Newshound Guru Kaperoni
   One thing is for sure, if oil revenues remain low, they cannot afford to liberalize the foreign exchange selling dollars for a continued period, the auctions are getting too big...  The end result will be more patchwork and tricks. I know many ask the question..why don't they simply raise the value or begin currency reform as a solution? The answer is simple...Iraq is not ready yet...they need to pass laws, stabilize the environment, bring investment and investors, to create an environment that allows the dinar to rise as a means to offset inflationary pressure created by the transition to a market economy. This all works together, and for the success of the currency, the stage has to be set.   As Dr. Bakri said, Article VIII will come after the reform...which puts even more pressure on Iraq to get this done since Article VIII is also very necessary to allow freedom of movement of capital (convertibility worldwide).

LANDA GLOBAL CONFERENCE CALL ARCHIVES, 3 JULY

CONFERENCE CALL ARCHIVE

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Time: 4:00 p.m. CST (USA)
Conference Number:   641-715-3580
Access Code:   484-959#


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NEWS RECAP :Top IMF official suggests VN update fiscal policies, 3 JULY

HA NOI  (VNS) —  Prime Minister Nguyen Tan Dung emphasised that Viet Nam hoped to increase co-operation with the International Monetary Fund (IMF), while receiving IMF Deputy Managing Director Mitsuhiro Furusawa in Ha Noi yesterday.
PM Dung said the IMF has long backed Viet Nam, particularly in policy consultations and in providing technical support.

Viet Nam is working to create rapid and sustainable socio-economic growth with stable macro-economics, improved social welfare and reduced poverty.

Towards these goals, the Vietnamese government has been making efforts to carry out its defined key policies, which include focusing on completing market economy institutions, accelerating global integration, and economic restructuring, Dung told his guest.

Furusuwa congratulated Viet Nam on its socio-economic progress, including fulfilling the United Nations millennium development goals ahead of schedule, sustaining macro-economic stability and improving the livelihoods of local communities.

He attributed the results to efforts made by the Government and the people, and he said he believed the nation would achieve robust mid-term growth.

Furusuwa commented that Viet Nam had a clear and sound vision of socio-economic growth. He proposed the country should take advantage of the current condition to launch restructuring of its mechanisms, particularly fiscal and credit policies, as well as the bank and state-run sectors.

The IMF Deputy Managing Director lauded the outcomes of joint projects between Viet Nam and his organisation, and highlighted that the IMF was willing to continue supporting Viet Nam, especially with policy consultations, technical assistance and in capacity building.

In a meeting with Furusawa, National Assembly Vice Chairwoman Nguyen Thi Kim Ngan said Viet Nam wished to receive advice from the International Monetary Fund on how to overcome difficulties and obstacles to successfully modernise its economy.

She also asked for IMF recommendations on the management of the macro-economy, monetary and fiscal policies, as well as measures and resources for economic restructuring, especially in banking reform and bad debt settlement. — VNS LINK

BACKDOC UPDATE, 3 JULY

Backdoc » July 3rd, 2015, 1:52 pm    COME SMELL THE COFFEE!

EARLIER THIS YEAR WE SAW CHINA DO ITS OWN VERSION OF QE STIMULUS TO ENCOURAGE GROWTH, IMO!

CHINESE BUSINESSES CURRENTLY HOLD THE LARGEST DEBT COMPARED TO OTHER COMPANIES WORLD WIDE!

THE RECENT DROP IN THE CHINESE STOCK MARKET EXCHANGE HAS BEEN SEVERE AS OF LATE! THEY HAVE DROPPED 28% TO 30% SINCE THEIR PEAK. IT HAS REVERSED ITS SELF TO 1992 LEVELS AND NO IDEA WHERE IT STOPS. THIS IS LIKE CATCHING A FALLING KNIFE.

IS CHINA TRANSITIONING ITSELF TO AN ASSET BACKED SYSTEM? MMMM.
....
ARE THEY DUMPING THE OLD FIAT SYSTEM FIRST? I THINK SO!

REMEMBER, CHINA JUST SENT 21 TRILLION ASSET BACKED CURRENCY INTO THE BRICS BANK. WITH THE NEW 57 MEMBER NATION AIIB,

THE NEW ASSET BACKED SYTEM IS FINDING ITS NEW ROLE.

NOW REALIZE THE BRICS BANK LAUNCHES ON THE 7TH!

THE PROBLEM WITH GREECE IS THEY ONLY TOOK A 6 DAY BANKING HOLIDAY. THAT ENDS ON SATURDAY.

SINCE THE BANKS ARE CLOSED ON SUNDAY THEY GET A PASS. ALSO, ON SUNDAY THEY TAKE A REFERENDUM VOTE WHICH IS MORE THAN CONFUSING TO THEM AND THE WORLD!

DO THEY WANT TO BE IN THE EURO NATIONS BUT NOT THE AUSTERITY AND DEBT OR ARE THEY VOTING FOR AUSTERITY? MMMM. THEY ARE EVEN CONFUSED.

REGARDLESS OF THE VOTE THE FACT REMAINS THAT GREECE IS IN DEFAULT!

WHEN GREECE OPENS THEIR BANKS ON MONDAY THEY WILL BE STANDING NAKED!

ON ONE HAND THEY HAVE AGREED TO GO WITH THE BRICS BANK, BUT ITS NOT OPEN UNTIL THE 7TH. ON THE OTHER HAND THERE IS NO LIQUIDITY AVAILABLE FROM THE IMF SINCE THE CREDITORS ARE UNWILLING TO FORGIVE DEBT AND RELEASE MORE FUNDS EVEN FOR TEMPORARY USE.

IT SEEMS TO ME AN "ACCIDENT ON PURPOSE" IS ABOUT TO HAPPEN!
WITH ASSET BACKED CURRENCY WAITING IN THE WINGS TO BE PUT TO USE, ONE HAS TO REALIZE THAT NON-BACKED FIAT MONEY MUST GO AWAY BEFORE THE NEW ASSET BACKED SYSTEM CAN TAKE ITS PLACE! REMEMBER A NEW CURRENCY COULD HAVE THE SAME NAME, THATS IRRELEVANT!

IT CERTAINLY LOOKS LIKE CHINA IS FINDING ITS NEW ASSET BACKED GLOBAL VALUE WHILE THEIR STOCK MARKET ADJUSTS TO THAT VALUE! HOW LOW WILL IT GO?

DEPENDS ON ITS NEW GLOBAL VALUE, WHICH IS BASED ON THE ASSETS AND GLOBAL TRADE AGREEMENTS IN MY OPINION. MMMM.

WILL THERE BE A CONTAGION EAST TO WEST WITH THAT OLD FIAT COUGHING AND SPUTTERING WHILE IT RUNS AROUND THOSE DANGEROUS NARROW WINDING EUROPEAN ROADS?

AS SCARY AS THAT MIGHT SOUND IT WOULD BE A HUGE RELIEF TO WORLD DEBT!

THE BRICS BANK WOULD THEN BE AVAILABLE TO HELP GREECE RESTRUCTURE WITH AN ASSET BACKED SYSTEM AND RETURN TO ITS SHIPPING ROOTS!

REMEMBER THE CREDITORS SAID THEY WERE SAFELY HEDGED FOR A GREEK DEFAULT! MMMM
NOW IF WE GAVE THINGS ABOUT 10 DAYS TO PERCOLATE, THE SMELL OF FRESHLY BREWED COFFEE MAY BE EXQUISITE!

SEEMS LIKE THE IRAQI DINAR SHOULD BE MENTIONED SOON SINCE BONDS ARE UNDERWAY. WITH RAMADAN ENDING TEN DAYS AFTER THE OOOPS, AND A HOLIDAY FOLLOWING.

I SURE LIKE THIS NEW BREW!! MMMMM GOOOD!!!

THANKS THUNDERHAWK FOR THE PIC! MMMMM GOOD!!!

8@8, DOC   IMO

TNT DISCUSSION : IRAN RIAL INFORMATION, 3 JULY

    • fireball92 said
      02:17 PM Apr 9, 2015
    Investment opportunity for NON-U.S. citizens. According to the U.S. Secret Service it is against the law for a U.S. citizen to have physical possession of the Iranian Rial. As you may or may not know the Iranian Rial is being sold on Amazon.com and E-bey. For $9.76 you can purchase a 50,000 Rial bank note from Amazon.com. When the sanctions end in June [something Obama wants]. The Rial will revert to its former rate of $3.20 U.S. per Rial. So one's $9.76 will turn into
    $488,000.00! Not too shabby.
    Take care, stay well and God bless.
    .
    • sogoddess said
      02:23 PM Apr 9, 2015
    So if you order it before June 1, you're breaking the law, and there is a record on Amazon and eBay of your name and address.
    • MNgoodman said
      02:26 PM Apr 9, 2015
    sogoddess - nailed it!
    • geebs54 said
      02:31 PM Apr 9, 2015
    Well hang on. The title sentence, said , for NON-US citizens. So they would be legal. Just not me 
    • abqrob said
      02:40 PM Apr 9, 2015
    I think the math is 50,000 x $3.20 = $160,000. Still not too shabby!
    • okrocks said
      02:52 PM Apr 9, 2015
    So Canadians maybe??? And Abrob is right, its 160k
    • treefrog65 said
      03:05 PM Apr 9, 2015
    fireball92 wrote:
    Investment opportunity for NON-U.S. citizens. According to the U.S. Secret Service it is against the law for a U.S. citizen to have physical possession of the Iranian Rial. As you may or may not know the Iranian Rial is being sold on Amazon.com and E-bey. For $9.76 you can purchase a 50,000 Rial bank note from Amazon.com. When the sanctions end in June [something Obama wants]. The Rial will revert to its former rate of $3.20 U.S. per Rial. So one's $9.76 will turn into
    $488,000.00! Not too shabby.
    Take care, stay well and God bless.
    .

    Here is some math for you.
    $9.76 investment yields 22 years in Leavenworth
    • magic moon said
      03:13 PM Apr 9, 2015


    thanks very kind from a non us citizen :)

    made in britain :)
    • Tndr said
      03:23 PM Apr 9, 2015
    Fireball....okay now....no more drunk posting! Just kidding...
    • BCgirl said
      03:31 PM Apr 9, 2015
    treefrog65 wrote:
    fireball92 wrote:
    Investment opportunity for NON-U.S. citizens. According to the U.S. Secret Service it is against the law for a U.S. citizen to have physical possession of the Iranian Rial. As you may or may not know the Iranian Rial is being sold on Amazon.com and E-bey. For $9.76 you can purchase a 50,000 Rial bank note from Amazon.com. When the sanctions end in June [something Obama wants]. The Rial will revert to its former rate of $3.20 U.S. per Rial. So one's $9.76 will turn into
    $488,000.00! Not too shabby.
    Take care, stay well and God bless.
    .

    Here is some math for you.
    $9.76 investment yields 22 years in Leavenworth


     Yep
    • SpiritBear said
      04:29 PM Apr 9, 2015
    fireball92 wrote:
    Investment opportunity for NON-U.S. citizens. According to the U.S. Secret Service it is against the law for a U.S. citizen to have physical possession of the Iranian Rial. As you may or may not know the Iranian Rial is being sold on Amazon.com and E-bey. For $9.76 you can purchase a 50,000 Rial bank note from Amazon.com. When the sanctions end in June [something Obama wants]. The Rial will revert to its former rate of $3.20 U.S. per Rial. So one's $9.76 will turn into
    $488,000.00! Not too shabby.
    Take care, stay well and God bless.
    .

    The poster (Dr. Randy) is a member here on TNT. I am wondering why he did not post it here; besides it should be confirmed if this statement is true or not - Where is this information of an RI/RV coming from? Link or name of source would be sufficient. 


    -- Edited by SpiritBear on Thursday 9th of April 2015 04:34:09 PM
    • Tornado28 said
      04:42 PM Apr 9, 2015
    Well if that's true, it sounds like a set up to me. If you buy it, and exchange your dinar, done etc... the federal government can take it all away for buying illegal money. 


    • swimfish said
      05:01 PM Apr 9, 2015
    the rial was never worth $3.20  it has always been a fraction of a dollar  for its history go to http://en.wikipedia.org/wiki/Iranian_rial
     when the islamic revolution happened it was  around 80 to the dollar it jumped in 1979 to over 5000 to the dollar   in 2013 it was around 11000 to the dollar  it is now over 28000 to the dollar.
      if it goes back to before the revolution it would be 80 to a dollar  or an increase of 350 times its value... nice but no cigar..  considering the illegality of owning. And no hint of when...  you can go to xe.com and look at the past 10 years...
    • 2562bce said
      05:03 PM Apr 9, 2015
    According to the XE.com rate history chart the Rial was trading roughly 12,285 to 1 dollar on September 12th, 2013, the day before the value plunged. Going back to that would make a 50k note worth about $4.00. I'm not sure where "$3.20" came from, but it appears to be a mistake similar to "The Dong was once $2.20" when actually it was about 2.2 dong per dollar. I could be misunderstanding something myself though. Any input is appreciated.


    -- Edited by 2562bce on Thursday 9th of April 2015 05:08:56 PM
    • AndyCK said
      05:25 PM Apr 9, 2015
    This may sound stupid... and I realize this post was directed to Non - US Citizens... But common,  who would not be tempted to buy them... Citizens or non Citizens..  However, If It's against the law For US Citizens to hold physical Iranian Rial Currency,  why would we want to even risk buying them in the first place,  when they can be traced to wherever they are mailed to by E-Bay or Amazon... Don't know about most of you,  but I Don't want or need any Illegal paper trails coming to my direction... Just my Thoughts...  Do what you want...  
    • A F_Guy said
      06:35 PM Apr 9, 2015
    Sorry to bud in but, one should NEVER use wiki__ anything as a solid reference. Do to the fact that all wiki's can be edited and within less than 24 hours it will now state whatever you want. Just try it and see!
    • wgarland65 said
      06:45 PM Apr 9, 2015
    If it is illegal for an US citizen to own then it would be illegal for someone on ebay or amazon to sell it in the US. JMO
    • daryls said
      06:56 PM Apr 9, 2015
    IF the currency is purchased by an entity, like a Trust.... the Trust is NOT a US citizen...
    :)
    • ChapoC said
      07:15 PM Apr 9, 2015
    Geebs-- we have about 15 million non-US citizens in our country that can buy it then. LOL
    • Sparticus1027 said
      08:26 PM Apr 9, 2015
    First id like to see where the actual law states that its illegal. and if for some reason it is, WHY.
    Technically it was illegal for banks to exchange a certain currency that we all hold because it wasnt legally traded here in the US. still happened.
    but all of these comments are going off of someones statement. I would just like to see the validity of that statement. Link anyone?
    • Tp40 said
      08:44 PM Apr 9, 2015
    I think I will just buy some more Dinar.. Sounds easier !!!
    • ctaylor said
      08:57 PM Apr 9, 2015
    I can't find with Google search any reference to Secret Service law against  U.S. Citizens owning Rial currency.  Instead, from Bloomberg Business, June 6, 2013 "Useless Rial Is U.S. Goal in New Iran Sanctions, Treasury Says"...
    Obama’s order said the U.S. would impose penalties on foreign financial institutions that knowingly conduct or facilitate “significant transactions” for the purchase or sale of the Iranian rial. It was the ninth executive order that Obama has signed sanctioning Iran, which will hold presidential elections June 14.
    It looks to me as though the Obama  executive order is targeting "foreign financial institutions", which does not include me, a U.S. citizen.  I think buying some inexpensive Rial from Amazon might not be a bad idea, given the current affairs of politics trying to get Iran out of sanctions.
    Source: http://www.bloomberg.com/news/articles/2013-06-06/useless-rial-is-u-s-goal-in-new-iran-sanctions-treasury-says
    And here is a Iran Currency Tracker from United Against Nuclear Iran that provides a history of all sanction events and the effect on Iran Rial value.  Also provides many good links to addition law regarding Iran currency:
    http://www.unitedagainstnucleariran.com/iran-currency-tracker



    -- Edited by ctaylor on Thursday 9th of April 2015 08:58:37 PM



    -- Edited by ctaylor on Thursday 9th of April 2015 09:13:36 PM
    • wheresjoel said
      09:48 PM Apr 9, 2015
    I'm not a US citizen, but I am a green card holder... would I be allowed to buy some of that Iran money?
    • jutta11 said
      04:43 AM Apr 10, 2015
    I don't believe it is illegal to possess Iranian currency.  It is not illegal to travel to Iran, though you cannot do it directly from the US.  
    If possession of the currency were illegal, Amazon would not sell it.  Neither would EBay.  Just as they don't sell drugs, illegal pornography or other illegal items.
    Some people in the US came from Iran.  I went to high school with them.  I don't know if they were US citizens, but I am sure they are able to visit their families in Iran at some point in time and if they are traveling there, then they can possess the currency.  
    I am researching it now, but if someone can provide a link or something to validate the statement that an American citizen's possession of Iranian currency is illegal, I would appreciate it.
    I have just checked the CBP website and did not see any restriction on carrying Iranian currency except that it has to be declared if the value is $10,000 or above.



    CBP 2.jpg





    -- Edited by jutta11 on Friday 10th of April 2015 04:52:41 AM
    Attached Files:
    • geebs54 said
      05:24 AM Apr 10, 2015
    Nice one. at least that ......
    • digger said
      05:58 AM Apr 10, 2015
    You can't buy a gun on Ebay, which is an item protected by the 2nd Amendment, but you will go to prison if you buy some funny money from Iran on Ebay??? C'monnn!

    I thiink our Executive Branch should be more concerned about Iranian plutonium enrichment!
    • diamondd said
      06:37 AM Apr 10, 2015
    After a thorough research, I have found nothing that states a US Citizen cannot own the Iranian Rial. As a matter of fact, I still have some from years ago during the time of the Shah I have kept as a collector item. Would like to see a link that states it is against the law.
    • lissalivinglarge1 said
      09:25 AM Apr 10, 2015
    digger wrote:
    You can't buy a gun on Ebay, which is an item protected by the 2nd Amendment, but you will go to prison if you buy some funny money from Iran on Ebay??? C'monnn!

    I thiink our Executive Branch should be more concerned about Iranian plutonium enrichment!


    SMH...some people not going to make it. WOW 


    -- Edited by lissalivinglarge1 on Friday 10th of April 2015 09:29:06 AM
    • solielstar said
      03:16 PM Apr 11, 2015
    Perhaps it is a secret as they do not want everyone rushing out and buying the currency like the other currency.
    • robsharp said
      07:42 PM Apr 11, 2015
    Since the Iran Rial is about 28,000 to 1 presently, the person selling the 50,000 for 9.76 is the one killing it. for $9 he/she could be buy just over 250,000 IR's keeping the 200,000 and selling the 50,000.
    • TEX20071 said
      10:21 AM Apr 12, 2015
    Iran is the counterfeit Capitol of the World.
    Can't be too cautious on this one.
    • rayfaulk said
      10:33 AM Apr 12, 2015
    Wow... some interesting speculation from all parts on this one... I think for now I will just stick with what I have...
    • Pitts_202 said
      11:11 AM Apr 12, 2015
    I mean REALLY, who the heck does NOT have enough already!!! GEEEEZ. If you don't then its too late now.
    • MW said
      11:50 AM Apr 12, 2015
    Can I just get a Revalue on the currencies I ALREADY have!!!! Lol
    • RVZone said
      12:14 PM Apr 12, 2015
    U.S. citizens can hold, trade, use, gift and bank any foreign currency from countries in which we are not at war.  There are sanctions on the Iran economy, yes, and as a protective measure, Iran's Central Bank has controlled the flow of currency in and out of their country.  This 'isolationist' reaction was necessary to preserve their internal economy in light of the pressures exerted by the U.N. sanctions, which will be lifted in June of this year, should all the variables remain constant.  Rial is NOT ILLEGAL to own, but it difficult to buy as the quantities are limited due to the control of the cash outflow by the central bank.
    Bad rumor - no biscuit.
    • CANDYKISSES said
      12:19 PM Apr 12, 2015
    PLEASE just push the button to revalue the currencies that I do hold.
    • Debra said
      02:57 PM Apr 12, 2015
    I am really curious.  Why is the Iranian rial illegal to have, (a foreign currency) but not all the other currencies we have in our possession?  all of them are foreign currencies.  What makes one any different than the other?
    • Racepilot said
      07:42 PM Apr 12, 2015
    Can someone post the link that the law or the Secret Service page that explains the law?
    • isa52bc said
      11:43 PM Apr 13, 2015
    Here is the US Treasury info on Iran Sanctions: http://www.treasury.gov/resource-center/sanctions/Programs/Pages/iran.aspx

    Here is the Division of Homeland Securities Foreign Trade Compliance Solutions website: http://www.ecustoms.com/compliance_solutions/ofac_iransanctions.cfm
    • Studio142 said
      05:14 PM Apr 15, 2015
    NO THANKS!!!! ~ But thanks anyways  the trauma would be to much 
    • MacJedi said
      01:33 PM Jun 30, 2015
    Pretty simple, the first one going down is the one selling. The second one going down is the one who facilitated the sale. The third one is the victim and stands a better chance of surviving an attack on illegal possession of currency.

    If the facts really were consistently true then the eBay, Amazon seller would be in a world of hurt as well as eBay and Amazon.

    Excuse me but has anyone seen how long these currencies have been available on said sites? and... has anyone noticed a cease and desist order against eBay or Amazon???

    E X A C T L Y ! That's what I thought you might say.

    I am addressing this due to the latest developments currently going on.
    • brendad said
      01:51 PM Jun 30, 2015
    We can buy it as collectors items from anyone who is licensed to sell it.
    • winneriam said
      02:07 PM Jun 30, 2015
    All of the treasury people around where I live own Iraqi dinar. They saw it as an investment opportunity and jumped on it. I wonder where the U.S. Secret Service are going to hide their Iranian Rial that they obviously bought, too. Remember, the three letter agency folks already exchanged in January and February of 2014 so this new currency is their big win. They cannot buy dinar again. These people know that America is bankrupt and the federal reserve currency has no value....of all people, they will prepare to save their family. And, of a truth, I put America's falling squarely on their shoulders because it was their job to have prevented this and not to worry about foreign currency investments. It is no accident that you all have found your way into this investment because admitting it or not, you were compelled to buy the currency that you have by your own inner knowing. May you be blessed.
    • DKC101 said
      02:21 PM Jun 30, 2015
    lissalivinglarge1 wrote:
    digger wrote:
    You can't buy a gun on Ebay, which is an item protected by the 2nd Amendment, but you will go to prison if you buy some funny money from Iran on Ebay??? C'monnn!

    I thiink our Executive Branch should be more concerned about Iranian plutonium enrichment!


    SMH...some people not going to make it. WOW 


    -- Edited by lissalivinglarge1 on Friday 10th of April 2015 09:29:06 AM


     its really sad and you are correct, many will not make it. 
    • DKC101 said
      02:24 PM Jun 30, 2015
    YOU CANNOT OWN Iranian currency as a US citizen. There is a trade embargo, which includes currency .
    Stop all the nonsense regarding eBay, Amazon etc. Its illegal .
    • JackSmits said
      03:22 PM Jun 30, 2015
    fireball92 wrote:


    Investment opportunity for NON-U.S. citizens. According to the U.S. Secret Service it is against the law for a U.S. citizen to have physical possession of the Iranian Rial. As you may or may not know the Iranian Rial is being sold on Amazon.com and E-bey. For $9.76 you can purchase a 50,000 Rial bank note from Amazon.com. When the sanctions end in June [something Obama wants]. The Rial will revert to its former rate of $3.20 U.S. per Rial. So one's $9.76 will turn into
    $488,000.00! Not too shabby.
    Take care, stay well and God bless.
    .





    The Only place I can find the term UNITED STATES PERSON is in the definitions. That definition is clearly defined as a United States Citizen, but nowhere in the Executive Order is it actually used.

    What I would like to confirm is that the former rate was $3.20 Iranian rial per 1 USD. What I have found was that it was more like 8000 rial per 1 USD..
    Can anyone provide a source that corroborates the $3.20 rate?

    -- Edited by JackSmits on Tuesday 30th of June 2015 03:37:30 PM
    • sumago said
      04:26 PM Jun 30, 2015
    DKC101 wrote:
    YOU CANNOT OWN Iranian currency as a US citizen. There is a trade embargo, which includes currency .
    Stop all the nonsense regarding eBay, Amazon etc. Its illegal .


    -- Edited by sumago on Tuesday 30th of June 2015 04:34:39 PM
    • Rocker66 said
      03:28 AM Jul 1, 2015
    I think it's pretty funny that so many, fortunate enough to know about the IQD, think they are now currency traders. Gee, let's go buy some Russian Rubel. That should work too! Just nuts.
    • Sterling said
      04:54 AM Jul 1, 2015
    ctaylor wrote:
    I can't find with Google search any reference to Secret Service law against  U.S. Citizens owning Rial currency.  Instead, from Bloomberg Business, June 6, 2013 "Useless Rial Is U.S. Goal in New Iran Sanctions, Treasury Says"...
    Obama’s order said the U.S. would impose penalties on foreign financial institutions that knowingly conduct or facilitate “significant transactions” for the purchase or sale of the Iranian rial. It was the ninth executive order that Obama has signed sanctioning Iran, which will hold presidential elections June 14.
    It looks to me as though the Obama  executive order is targeting "foreign financial institutions", which does not include me, a U.S. citizen.  I think buying some inexpensive Rial from Amazon might not be a bad idea, given the current affairs of politics trying to get Iran out of sanctions.
    Source: http://www.bloomberg.com/news/articles/2013-06-06/useless-rial-is-u-s-goal-in-new-iran-sanctions-treasury-says
    And here is a Iran Currency Tracker from United Against Nuclear Iran that provides a history of all sanction events and the effect on Iran Rial value.  Also provides many good links to addition law regarding Iran currency:
    http://www.unitedagainstnucleariran.com/iran-currency-tracker

     Here is the reply that I got from a dealer selling Rial on eBay, he does site the department that you can check things out:
    The enforcement agency for this item is Office of Foreign Assets Control (OFAC), a division of the US Department of the Treasury and it is 100% legal to sell Iranian numismatic items according to them.

    This is a numismatic item sold within the guideline of Ebay which is one of the biggest USA companies. It is sold on ebay.com, by a USA seller to USA buyers only. It can not be shipped outside of the USA or sold to non USA Ebay members. It is in complete compliance with ebay guidelines, which currently has 24,000 listings for Iranian item, with 1500 of them in Coins and Papermoney category. P-151 in the title of the listing, refers to its number in the Standard Catalog of World Paper Money published in the USA

    Did you see anywhere that you are not allowed to collect Iranian banknotes or Iranian coins or Iranian stamps or Iranian books, etc etc etc. You didn't see it because it is perfectly legal, just like traveling to Iran is perfectly legal, spending money there is perfectly legal and bringing back purchased items for personal consumption is legal.
    • MacJedi said
      06:18 AM Jul 1, 2015
    As I said earlier and thanks to Sterling for helping shed light on this subject.

    "The enforcement agency for this item is Office of Foreign Assets Control (OFAC), a division of the US Department of the Treasury and it is 100% legal to sell Iranian numismatic items according to them.

    This is a numismatic item sold within the guideline of Ebay which is one of the biggest USA companies. It is sold on ebay.com, by a USA seller to USA buyers only. It can not be shipped outside of the USA or sold to non USA Ebay members. It is in complete compliance with ebay guidelines, which currently has 24,000 listings for Iranian item, with 1500 of them in Coins and Papermoney category. P-151 in the title of the listing, refers to its number in the Standard Catalog of World Paper Money published in the USA

    Did you see anywhere that you are not allowed to collect Iranian banknotes or Iranian coins or Iranian stamps or Iranian books, etc etc etc. You didn't see it because it is perfectly legal, just like traveling to Iran is perfectly legal, spending money there is perfectly legal and bringing back purchased items for personal consumption is legal."

    L E G A L .

    You would not see eBay or Amazon allowing it otherwise in this situation. So... Moral of the ENTIRE story...

    STOP Living in F E A R.

    Oh, One other thing...  There are two words that exist in our language that both begin with "F"
    Only one at a time can exist but both cannot exist in the same mind, heart, place, or space and time in energy.  You cannot have both simultaneously. 
    FAITH  or  FEAR