EUREKA!!! NY Times Article Confirms Kuwait’s 1991 DINAR “RV”

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Happy Monday Dinarians,

I can’t tell you how AWESOME I feel this morning – just minutes ago after I logged in to LJ’s Next Step Skype News Room and I saw a REAL NEWS Article posted by “MyDigitalDr” one of the room’s active members.

This Article is from March 25, 1991 and is from The New York Times (Archive) – It is titled: “AFTER THE WAR; No Electricity but Kuwait Reopens Its Banks” and among many things it specifically talks about Kuwait’s Central Bank’s “RV” of their KWD (Kuwaiti Dinar) after Saddam had invaded Kuwait.  

Here is the article – I have highlited the exchange rate for you.

By DONATELLA LORCH, Special to The New York Times
Published: March 25, 1991

It still has no water and little electricity or food, but Kuwait revived its banking system today, introducing a new currency.

Banks reopened for the first time since Iraqi occupation forces shut them down in December. Thousands of people Continue reading

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A TNT Dinar Forum Member asks Mr.IQD a question about the Bank’s “Contract Rates”

Happy Tuesday Dinarians,

This person’s Mailbag question is short – but it elicited a rather long reply by me.  Since I know there are many TNT Dinar Forum Members (and members of other Hack Guru’s boards) I felt I should publish my response, advice and option so everyone can benefit.

Here is the person’s question (name removed to preserve privacy):

question-markName or Handle: [Removed for Privacy]
Email (not required – only if you want me to reply to your question): [Removed for Privacy]@yahoo.com
Comment (please see note above): I was directed to you from the TNT DINAR forum.

I have a newbie question: do you know whether banks in [Removed for Privacy] will offer the contract rate?
My guess was “NO”, but my knowledge is limited.
Many thanks for the help.
[Removed for Privacy]

Time: June 23, 2014 at 10:19 pm

Here is my response, advice and opinions to that person:

Hello [Removed for Privacy],

Thanks for your question.

The only way to know for sure, is wait for the “RV” or as I prefer to say, the significant increase in value of the IQD, then call your local Bank’s Currency Exchange Department and see if they are now handling the IQD.

I would expect that in reality, large Banks like BofA, Wells Fargo, CHASE, etc. will want to start handling the IQD AFTER (note, I said AFTER) the Iraqi Dinar SIGNIFICANTLY increases in value.

You should also be able to go to your local International Airport and find a Currency Exchange Service where you would be able to facilitate an exchange of your IQD to what ever currency you wish.

I also caution you to not try to exchange all of your IQD at the same time. Keep most of your IQD in a safe place, and only exchange a small portion. There will be no rush – despite what Hack Gurus like Tony TNT, Okie, PTR, Blaino, etc will try to tell you.  Also, I would never NEVER NEVER NEVER trust one of those crack-pot Hacks with one of their “services” – In my opinion you are setting yourself up to be ripped off.

Sure, the Hack Gurus will promise “better” rates, etc. but trust me, no HONEST service will be giving out a better rate than what will be published on the Central Bank of Iraq’s website (always go to: http://www.CBI.iq for current IQD rates & exchange info). And don’t believe the Hack Gurus BULLSHIT when they promise better “group rates” – there is no such thing, it is just another way to con you out of your money!

Those are my opinions, and I’m sticking by them. Use your own local banks and local services. Don’t “cash out” all of your IQD at any one place or time. And my friend, you should be just fine, and have a happy future! :-)

~ Mr. IQD

I hope this post has also helped you – feel free to leave your comments and advice below:

~ Mr. IQD

CBI & Fed Reserve “June RV” Question from our Mailbag

 

Happy Monday Dinarians,

I was not sure if “Z” wanted their full handle released, so I’m being cautious and leaving out his/her name.  Below are “Z’s” two questions I received.  I have interjected my comments inline with “Zs” comments and questions below:

Anonymous Name / Handle: z*******8
Email Address (only give if you want a reply): 
Comment: Ok you all have a Gr8 website, but thats not why I’m writing. I have been invested in the Dinar since 2009 and have been following the news very closely to make sure i haven’t invested in toilet paper.

[I noticed you said you “…have been following the news…” which is great, however if you have been following the REAL News from Iraq, then you should not be in doubt about what needs to happen, with regards to the CBI and the “RV” of the IQD.  You should not be asking your following Continue reading

RANT! Snoopy’s IQD Rate Rant!

Happy Thursday Dinarians!

Well, the 14th and 17th are close at hand, no more than 1 week to go and we should see Maliki legally lose his power as Prime Minister of Iraq – then, on to the Elections in just 20 days!  It really is getting exciting to watch and learn from the real News out of Iraq. 

Which reminds me, I highly encourage you to listen to The IQD Team Connection’s Conference Call Tuesday and Thursday Evenings (8:00 pm EST / 5:00 pm PST).  I have their Phone number and PIN posted on my CC Directory!

Rant!

On to Snoopy’s Rant!  Thank you again Snoopy for your excellent and thoughtful Rant!  I appreciate your experience and insight to help our fellow Dinarians come to their senses about the potential “RV” and the eventual significant increase in the rate of the Iraqi Dinar!  Enjoy!

So, here we are moving into the second week of April 2014 and as the months and years keep passing bye, the HACK GURUS continue manipulating the SHEEPLE by dangling the RV in front of them.  I believe it is reasonable to assume the Dinar could be used as a pawn in the upcoming Iraqi elections (whenever they may be held).  I wonder which it is: getting something from nothing or nothing from something?

Now, if you’re reading this, one of the questions I wanted to ask:  “Would YOU be willing to buy the Dinar if it RV’s 1000 times more than what it is today”?  That would make a $1000 investment worth approximately $1 million, or an RV of approximately 1:1.  This of course is on the low side according to most of the HACK GURUS. So, If you wouldn’t buy the Dinar if it RV’s at 1:1 or more, why would you

expect someone else to buy it at that price?  At what price would the market still be able to sell Dinar and conversely still have someone want to buy it?  What would that price be?

There’s been WAY TOO MUCH ENERGY PUT FORTH BY THESE HACK GURUS PROMOTING THE IDEA THAT THE DINAR WILL RV AT $36 +/-.   Worse is that these same HACK GURUS want us to believe that 100,000 of Continue reading

NEWS! Maliki reported to have replaced Dr. Turki as CBI Governor!

Happy Thursday Dinarians,

I just spoke over the phone with Straight Talkin’ Mike who as you may already know is with the IQD Team.

Interim CBI Governor Abdul Basit Turki

Did Maliki Just Replace CBI Governor Abdul Basit Turki?

We discussed the Breaking News of Maliki replacing Dr. Turki as the Governor of the CBI.  Here is one of the recent News Articles they Posted on their Website:

PictureAli Keywords

MP for the coalition of state law gum honest decision by Prime Minister Nuri al-Maliki to withdraw the hand of Abdul-Basit Turki administration of the central bank and the appointment of the secretary-general of the Council of Ministers on the Keywords instead of him, noting that “Keywords able to manage the central bank.” read more >>>

Mike did say to me that he is currently working to get to the bottom of it – and that several news sources are also publishing this news story today.

It is ironic to me that Maliki’s office just earlier this week on rumors of this, put out Continue reading

No Surprise – The CBI.iq is back up – nothing changed!

Good morning Dinarians,

Just a quick note – if you have not yet checked the www.CBI.iq website this morning, it is back up and running.

Yup, Sorry folks, the Hack Gurus were WRONG again...

Yup, Sorry folks! The Hack Gurus were WRONG again…

Sadly, nothing changed – including the rate – which is still at 1166 IQD to $1.00 USD.

So, are you still willing to believe those Hack Gurus who have been telling you lies over these past few days?

~ Mr. IQD

What’s UP with the CBI.iq being DOWN?

Happy Wednesday Dinarians,

Well, the CBI has not been posting new exchange rate figures on their website now since Sunday, which is the first Business Day of their week.

What's UP with the CBI.iq being DOWN?

What’s UP with the CBI.iq being DOWN?

Many Hack Gurus in this community may be trying to convince you that the rates are down because the “Whales” and the “Tier 1″ people and other “Insiders” are finally cashing in!

It is my humble opinion that is just nonsense!  Why should you believe the Hack Gurus and their rhetoric?  After all, have they ever been correct once?  How many times have they gotten it “wrong” – how many lies have they told you?

Now, lets talk a little common sense please.

Today, I’m actually having difficulty even pulling up their website, half the time the browser times out, saying “This Webpage is not available”, but that may just be a local issue.

If you listened to Straight Talkin’ Mike on The IQD Team’s call last night, you have a better idea of what might be going on.

If you didn’t listen, then go to: 

https://www.freeconferencecallhd.com/playback/?n=IWdZU/jwsBs

Then, skip forward about 16 minutes to when Mike and LJ start talking about this situation with the CBI not showing the rates.

Furthermore, I asked Kaperoni with Dinar Alert what his opinion was about the CBI not showing the rates, the following is an excerpt from his excellent reply to my email:

The market price is the price on the street.  It must be Continue reading

QUESTION FROM GEORGE – Is it true the postponement of the deletion of the zeros?

Happy Saturday Dinarians,

question-markWell, as my regular readers know, I normally don’t post on a Saturday, but with all this time off for Christmas and the New Year, I felt why not drop in an article since it has been several days since my last post.

I wanted to give you this Mail Bag question I received from George – It is about the CBI’s reserve and the amount of IQD printed.  Here is his question:

My question is that the Iraqis said in their release that they are postponing the “delete the zeros” event

Because they have 34 Trillion dinar in circulation. Is this a typo? It would seem if there is that much

Dinar out there we are sort of “screwed” if Continue reading

In response to Randy Koonce’s email: “Just dropping a note… Nov.1, 2013‏”

Happy Monday Dinarians,

I have resisted talking about Randy ever since I created this website.  

I will say that I used to listen to every single call he made until about a year ago.  I have always enjoyed his quaint Texas accent and overall he is a very level headed, reasonable person – so I still resist putting him 100% in to my “Hack Guru” category.

I do appreciate that Randy does try to temper his followers by telling them to Continue reading

Rant! Jbax spent his/her Vacation Money on Dinar!

Hello Dinarians,

Boy-oh-boy friends, I sure love reading your Rants – and “Jbax” hit on a really soar subject, so I felt it was important to share it with you today!

Anonymous Name / Handle: Jbax
Comment: Comments – Also posted on Dinar Recaps and

October 21, 2013 at 8:22pm
One more point – They won’t even cash it in… How is that for disappointment.

October 21, 2013 at 8:21pm
Good evening. Just got off the phone with the Royal Bank here in Canada (RBC) 1-800-76x-xxxx. At this point 1 Canadian Dollar is worth Continue reading