Here are some interesting points to ponder that I received from a reliable source who chooses to not be mentioned on this blog.
Also, a reminder, when cashing in with a bank, just be sure that they have a currency officer there who can verify your dinar.
I would not take my dinar to any local bank and they want to send it off to verify that your dinar is official. You may not get it back and lots of things could happen with it.
The foreign currency offices in banks should have a DeLaRouge machine to officiate your currency. That’s just my thinking and I would try Chase, Bank of America or Wells Fargo.
Now, Points to Ponder:
Today in the chat, I mentioned a phone conversation my
husband had with a friend, Haroon, who now lives in KC MO but is from
India. He has been to Dubai himself many times, and he understands how
government and finance works over there.
Haroon is a “research junkie” who reads the Wall Street Journal cover
to cover everyday. To give you an example of his knowlege, he told my
husband that Nestle (my husbands employer) was going to buy Gerber 6
months before it was ever public. He also researched the Presidential
election and knew which candidate was going to win each and every state
and he was correct on all. Those are two examples of his predictions
from his research.
A couple weeks ago, about the time we were getting the same information
from medic, my husband told Haroon we were holding some Iraqi dinar.
Haroon told my husband that the RV is very soon, and that it will be
between $2-$4. The whole time Medic and Haroons information has lined
up. So I have complete confidence in everything Medic has shared with
us.
Today, my husband called Haroon and asked him about the dinar again,
knowing he knows people in Dubai himself. The following is what Haroon
stated… The reason the dinar has not had an RV is because Chapter7
has not been removed. According to chapter 7 it is against
international law to conduct business with Iraq until it is lifted. He
said all the countries that have contracts signed with Iraq cannot
legally do business there until it has been lifted.
He read an arcticle dated July 5th that stated that Kuwait is asking
the UN to lift chapter 7. He feels after his research that it is just a
formality to be lifted and will be done this week at the UN meeting.
He then proceded to explain why it would RV this Friday Sat, or Sunday
provided the lift of chapter7. The reason it will Rv on our weekend is
because Iraq feels there are more sellers than buyers of the dinar. So
they do it on a weekend to keep the transactions world wide lower than
if all world banks are open for business. So it is done on like a
rotation basis worldwide. Otherwise the dinar would plumit.
He also stated that if it is true of the 4% flucuation up or down, this
will keep the dinar stable within 4%. And how they do that is they have
countries lined up to buy or sell dinar, whichever is needed to keep it
within 4% of the original value.
He also said the reason they want to take the large denominations out
of circulation is because of criminal activity, i.e. drugs, guns, etc.
He stated if it was in circulation and if you went into buy a candy bar
and a soda, they wouldn’t be able to make change for a 25K note. (That
is just an example.)
He stated their weekend is our Thursday and Friday, so if you think
about it, it does make sense about the rotation of the banks.
Haroon also feels that the RV rate will be equal to Kuwaits currency
rate right now or slightly below, but not higher. He thinks .10-.20
lower which would be 3.30-3.40.
Remember this is a rumor site, and just FYI Haroon holds no dinar. Just
a real good friend.
His information has always lined up with Medics. And they both agree on
Chapter 7.
And IMO, I feel the oil companies are probably lobbying for chapter7 to
be released as well, since they have signed contracts, but can’t touch
the oil until it is lifted according to international law.
Now this is a rumor site, and please don’t stone me if it isn’t this
Friday, but he feels it will be the Friday after Chap 7 is lifted,
whenever that may be.
Author, Anonymous
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