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lsutiger17
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DINAR  Reply with quote  

I found a site trying to sell DINAR the Iraq currency. I was wondering if people know of this and what they think of it.

Is it possibly a good investment?
Post Sat Jul 23, 2005 6:30 am
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Euler
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No, Iraq is in the first stages of civil war. The dinar will be extremely risky for a long time.
Post Tue Jul 26, 2005 6:54 pm
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Euler
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So, do you have any Dinars?

I expect the dinar to be devalued if the chaos continues much longer. Totally uncertain future = bad investment.
Post Tue Jul 26, 2005 8:24 pm
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Offshore-Wealth.com
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Offshore-Wealth.com  Reply with quote  

quote:
Originally posted by Euler
So, do you have any Dinars?

I expect the dinar to be devalued if the chaos continues much longer. Totally uncertain future = bad investment.


Funny,

When a currency costs more to print than it is worth, how can it go any lower? The cost of printing the new currency with all the anti-counterfeiting technologies implanted, I think this is the most important aspect and sure to make this a risk free investment.

Besides, when you add up all the positives, especially the forced democracy and constitution which USA is committed to in Iraq, even with civil war contunuing, this is as normal as brushing your teeth every morning in Iraq. Civil war is centuries old, so with it or without it, life goes on, and so will the value of Iraq dinar.

Good luck to all, Mike
Invest Peanuts for Millions

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Post Thu Sep 15, 2005 5:03 pm
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NVTimports
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http://money.cnn.com/2004/08/10/pf/expert/ask_expert/
Post Thu Sep 15, 2005 6:16 pm
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matthuffy
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very funny  Reply with quote  

I have millions of Dinars for you, but they are Serbian Dinars. now after our hyper inflation where we had nots with the denomination of 10 billion dinars, you should think to yourseld if it is worth investing in Serbian Dinars Wink
Post Tue Oct 11, 2005 2:46 am
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utrnewsletter
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i would invest in the DINAR its goin to keep gettin higher and higher
Post Tue Oct 18, 2005 8:47 pm
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Offshore-Wealth.com
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Iraqi-Invesments.com  Reply with quote  

Interesting,

Now that the constitution has been overwhelmingly passed with 78% yes vote and million voting, this should be interesting to see Iraq getting back on its economic feet for the first time in decades. With the highest oil production in history in September, plus new Iraqi enterprizes being started daily, soon all the negative news which is favored by main media outlets who hate Bush, this is going to be fun to watch.

Good luck to all, Mike

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Post Thu Oct 27, 2005 9:14 pm
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Offshore-Wealth.com
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iraq investments  Reply with quote  

Step by step, all the pieces are falling in place for a massive econimic recovery. With recent news of hidden from Suddam oil reserves which will make Iraq number one in oil over Saudi's, this alone will put billions more into rebuilding efforts. Also in the news was the announcement by US that they were converting to dinar to pay all vendors of military. With world support and forgiven debt of billions, there is no way Iraq will not be an economic leader in the region. Gets more and more interesting every day.

Good luck, Mike

FREE PAY IT FORWARD http://FORCED-SUCCESS-SYSTEM.com
Post Mon Nov 21, 2005 1:29 am
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Offshore-Wealth.com
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Re: iraq investments  Reply with quote  

quote:
Originally posted by Offshore-Wealth.com
Step by step, all the pieces are falling in place for a massive econimic recovery. With recent news of hidden from Suddam oil reserves which will make Iraq number one in oil over Saudi's, this alone will put billions more into rebuilding efforts. Also in the news was the announcement by US that they were converting to dinar to pay all vendors of military. With world support and forgiven debt of billions, there is no way Iraq will not be an economic leader in the region. Gets more and more interesting every day.

Good luck, Mike


The stage is set, constitution is in place, final votes are being counted and peg is just around the corner, so if ever there was a time to invest in Iraqi Dinar, now is that time.

Good luck to All, Mike
Free-Dinar.com

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Post Mon Dec 26, 2005 11:31 pm
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Offshore-Wealth.com
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by Privacy Rights Army  Reply with quote  

Ben Lando
United Press International
October 20, 2006



WASHINGTON -- Iraq's oil minister stunned experts this week when he said production had reached 2.86 million barrels per day - higher than pre-war levels and above what was known as Iraq's capacity of about 2.5 million barrels per day.

Oil minister Hussein Al Shahristani said production in the south - home of Iraq's largest known reserves - and the north, which has been hit with violence, have improved, the Middle East North Africa Financial Network reported Wednesday, citing the Arabic Al Sabah newspaper.

This announcement may be overreaching optimism, or merely political posturing and while some analysts say production has increased in Iraq, they are more skeptical of Shahristani's numbers.

There is no way to get a 100-percent accurate reading on Iraq's oil meters - since none are in place, analysts say. Most rely on Iraqi oil exports as a hard-number buoy, then add in various upstream conditions to gauge production totals.

The US Energy Department's data arm, the Energy Information Administration (EIA), estimates exports averaged 1.6 million barrels a day for September, and domestic consumption somewhere between 500,000 and 600,000 barrels a day.

EIA production for September was estimated at 2 million, the same as capacity.

Among the factors hindering an accurate measure of oil production is smuggling and stealing, reinjecting into the ground crude stripped of easy-to-process liquids (usually because of a lack of transportation or refinement capacity), and oil lost from attacks on oil infrastructure.

PFC Energy said it appears production has increased from the 1.9 million barrels per day estimated for last month to about 2.35 million to 2.4 million barrels per day now, but "certainly not" 2.86 million, PFC's Saad Rahim said.

He said the ministry has posted these numbers with no back-up.
"They haven't said how they've reached these levels," Rahim said.

Iraqi infighting in the south, where much of Iraq's estimated 115 billion barrels of reserves are located, has spared the oil infrastructure, since it's viewed as an income source for the eventual winner of the clash, said Greg Priddy, an analyst with the Eurasia Group, a business political risk consulting firm.

The pipeline from Kirkuk - a city atop an estimated 11 billion barrels of oil and growing in both political importance and violence - to a port in Ceyhan, Turkey, however, has seen no such respite.

The state-run Northern Oil Co. said this week oil flow resumed in the pipeline after months offline, though only 250,000 to 350,000 barrels a day run through it. The Bayji refinery, Iraq's largest, on the Kirkuk-Ceyhan stretch, can't get enough electricity to keep it running.

The EIA estimates Iraq refining capacity at nearly 600,000 barrels a day. "However, it is unable to produce much of the kind of product that it needs, so it imports refined products from its neighbors," the EIA said. "Imports varied recently from 20 percent of kerosene requirements to 50 percent of gasoline."

The EIA said, however, the closest Iraq came to Shahristani's recent outlook - in fact, since the run-up to Operation Desert Storm in the early 1990s - was 2.47 million barrels per day for a week between August and September.

Priddy said he estimated exports at around 1.7 million barrels per day, so there's "absolutely no way" Iraq is producing 2.86 million.

His colleague at Eurasia Group, Peter Khalil, who also served as director of National Security Policy for the US-led Coalition Provisional Authority in Baghdad, said Shahristani needs to qualify his estimate.

"He likes shooting from the hip about figures, doesn't he?" said Khalil about past announcements proven way overstated. "If it's accurate, that's very good news for Iraqis, of course."

Khalil said any increase in production would look good to foreign investors, investment which Shahristani is seeking during planned trips to Australia, Japan and China.

Dathar Al Khashab, general manager of state-run Midland Refineries Co./Daura Refinery, also called for financiers at a recent American Petroleum Institute conference in San Antonio. "Please help," he said. "Please be brave enough to go to Iraq. Don't just sit there and wait on the opportunity."

Khalil said, "They need that money to get in there" in order to repair an oil infrastructure badly damaged by wars, sanctions and lack of attention during Saddam Hussein's regime.

More than security, oil companies are waiting for the Iraqi government to finalize a federal oil law, which would define regulatory conditions for investment, he said.

To do that Iraq will need to settle regional disputes between the Kurds in the north, Shiites in the south, and oil-poor Sunnis in the center over oil wealth distribution.

The process for constructing an oil law is being done in secret, but is required to be passed by parliament before the year's end to comply with International Monetary Fund obligations and Paris Club debt cancellation.

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Post Sun Oct 22, 2006 12:47 am
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LottomagicZ4941
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My Opa once took his life savings out of a bank.

He had it in a wheele barrow.

While he was arguing with merchant someone dumped out the money and took the wheele barrow.

The US did well for Japan and Germany.

I was going to get some Dinars for my son but never got around to it.

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Post Fri Oct 27, 2006 4:26 pm
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Offshore-Wealth.com
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by Privacy Rights Army  Reply with quote  

quote:
Originally posted by LottomagicZ4941
My Opa once took his life savings out of a bank.

He had it in a wheele barrow.

While he was arguing with merchant someone dumped out the money and took the wheele barrow.

The US did well for Japan and Germany.

I was going to get some Dinars for my son but never got around to it.


Funny,

Yes, at this point the wheel barrow is worth more, but not for much longer as all the pieces of economic puzzle falls into place.

Good luck to all, Mike

FREE PAY IT FORWARD http://FORCED-SUCCESS-SYSTEM.com
Post Wed Nov 08, 2006 12:29 am
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moneyflow
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I joined this traffic exchange once that promised you free Dinar for signing up. I never received them yet. I never bothered looking any further into it.

It looks like it could be a very good investment but with the way things are headed, it won't be a long time before the country and economy stabilize. What the big deal though, I'd risk a couple of hundred dollars for a million dollar return.

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Post Thu Dec 14, 2006 10:44 pm
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