E46 BMW Social Directory E46 FAQ 3-Series Discussion Forums BMW Photo Gallery BMW 3-Series Technical Information E46 Fanatics - The Ultimate BMW Resource BMW Vendors General E46 Forum The Tire Rack's Tire Wheel Forum Forced Induction Forum The Off-Topic The E46 BMW Showroom For Sale, For Trade or Wanting to Buy

Welcome to the E46Fanatics forums. E46Fanatics is the premiere website for BMW 3 series owners around the world with interactive forums, a geographical enthusiast directory, photo galleries, and technical information for BMW enthusiasts.

You are currently viewing our boards as a guest which gives you limited access to view most discussions and access our other features. By joining our free community you will have access to post topics, communicate privately with other members (PM), respond to polls, upload content and access many other special features. Registration is fast, simple and absolutely free so please, join our community today!

If you have any problems with the registration process or your account login, please contact contact us.

Go Back   E46Fanatics > Everything Else > The Off-Topic > Money Matters

Money Matters
Financial, Stock, Investment etc. posts here.

Reply
 
Thread Tools Search this Thread Rate Thread Display Modes
Old 09-03-2011, 12:43 AM   #1
bwallace530
Registered User
 
Join Date: Jan 2011
Location: Oregon
Posts: 1,866
My Ride: 325
Who is invested in dinars??

Just wondering who all is invested in dinars.

And what you guys think about it.

Sent from my PC36100 using Bimmer
bwallace530 is offline   Reply With Quote
Old 09-03-2011, 01:09 AM   #2
SB_RavenE46
Registered User
 
Join Date: Apr 2011
Location: Columbus Ohio
Posts: 264
My Ride: 330CI ,06 R6, S1000
Send a message via Yahoo to SB_RavenE46
It's a rip off to me this chick I work with has put 4k into those Iraqi ones, they have been telling her for the last 3 years her 2 million dollar payoff is coming soon. :rolls eyes:
__________________
M0ney = P0w3r "THEN" I = A G3nerat0r
SB_RavenE46 is offline   Reply With Quote
Old 09-03-2011, 02:30 AM   #3
bwallace530
Registered User
 
Join Date: Jan 2011
Location: Oregon
Posts: 1,866
My Ride: 325
It's not a rip off. It is a curency you can buy at banks. I was just wondering who was invested in it.

And 4k would be a pay of around 10mil

Sent from my PC36100 using Bimmer
bwallace530 is offline   Reply With Quote
Old 09-03-2011, 02:36 AM   #4
SB_RavenE46
Registered User
 
Join Date: Apr 2011
Location: Columbus Ohio
Posts: 264
My Ride: 330CI ,06 R6, S1000
Send a message via Yahoo to SB_RavenE46
I know exactly wat it is , good luck with that
__________________
M0ney = P0w3r "THEN" I = A G3nerat0r
SB_RavenE46 is offline   Reply With Quote
Old 09-04-2011, 05:14 PM   #5
Raymond42262
Registered User
 
Join Date: Oct 2005
Location: The South
Posts: 453
My Ride: Is German
I heard on the radio this week that you can get 20 to 25 percent interest on a savings account in Iran.

I wonder how that would translate with the dollar's exchange rate, their inflation rate as well as how tough it would be to negotiate with any legal restrictions ?
Raymond42262 is offline   Reply With Quote
Old 09-04-2011, 05:40 PM   #6
bwallace530
Registered User
 
Join Date: Jan 2011
Location: Oregon
Posts: 1,866
My Ride: 325
Idk what you mean. But you can deposit the dinars in a us account and exchange them at any us bank that accepts forein money.

Sent from my PC36100 using Bimmer
bwallace530 is offline   Reply With Quote
Old 09-04-2011, 06:44 PM   #7
Raymond42262
Registered User
 
Join Date: Oct 2005
Location: The South
Posts: 453
My Ride: Is German
Quote:
Originally Posted by bwallace530 View Post
Idk what you mean. But you can deposit the dinars in a us account and exchange them at any us bank that accepts forein money.

Sent from my PC36100 using Bimmer
what I was suggesting is that if you bought some foreign currency and they had a high inflation rate, you could lose money on your investment, assuming that the dollar to dinar ratio did not change?.

If you deposited the dinars in an American bank, would they be exchanged into dollars or would they still be dinars and would you get Iraqi interest rates or the standard .3 percent that you get in the US?
Raymond42262 is offline   Reply With Quote
Old 09-04-2011, 07:00 PM   #8
bwallace530
Registered User
 
Join Date: Jan 2011
Location: Oregon
Posts: 1,866
My Ride: 325
Quote:
Originally Posted by Raymond42262 View Post
what I was suggesting is that if you bought some foreign currency and they had a high inflation rate, you could lose money on your investment, assuming that the dollar to dinar ratio did not change?.

If you deposited the dinars in an American bank, would they be exchanged into dollars or would they still be dinars and would you get Iraqi interest rates or the standard .3 percent that you get in the US?
Well my freind who is in Iraq told me the new rate was 3.68. And the us banks exchange straight over to us dollars. For my investment that would be 920k which I'm hoping it post to the banks after the cbi gets there system back up.

Sent from my PC36100 using Bimmer
bwallace530 is offline   Reply With Quote
Old 09-10-2011, 05:09 PM   #9
Raymond42262
Registered User
 
Join Date: Oct 2005
Location: The South
Posts: 453
My Ride: Is German
Quote:
Originally Posted by bwallace530 View Post
Well my freind who is in Iraq told me the new rate was 3.68. And the us banks exchange straight over to us dollars. For my investment that would be 920k which I'm hoping it post to the banks after the cbi gets there system back up.

Sent from my PC36100 using Bimmer

I think the best opportunity was to buy Iraqi real estate prior to the bombing in 2003. I saw on the news that prices were down 90 percent .

That my friend is an opportunity....
Raymond42262 is offline   Reply With Quote
Old 09-10-2011, 11:02 PM   #10
bwallace530
Registered User
 
Join Date: Jan 2011
Location: Oregon
Posts: 1,866
My Ride: 325
Quote:
Originally Posted by Raymond42262 View Post
I think the best opportunity was to buy Iraqi real estate prior to the bombing in 2003. I saw on the news that prices were down 90 percent .

That my friend is an opportunity....
Yeah I have herd a lot of people buying that also.

Sent from my PC36100 using Bimmer
bwallace530 is offline   Reply With Quote
Old 09-12-2011, 08:16 PM   #11
bwallace530
Registered User
 
Join Date: Jan 2011
Location: Oregon
Posts: 1,866
My Ride: 325
Kuwait just RV'D at 4.41 to one US DOLLAR. IQD is so post to follow looks like the so called scam is working

Sent from my PC36100 using Bimmer
bwallace530 is offline   Reply With Quote
Old 09-27-2011, 07:02 PM   #12
sn0rky
Registered User
 
Join Date: Nov 2009
Location: san francisco
Posts: 26
My Ride: 330i
i work for a currency trading firm and we have a joke there about the DINAR, "its a heavily traded currency on the eBay exchange".

on any note, best of luck as a colleague has his funds vested as well
sn0rky is offline   Reply With Quote
Old 09-27-2011, 10:42 PM   #13
bwallace530
Registered User
 
Join Date: Jan 2011
Location: Oregon
Posts: 1,866
My Ride: 325
Quote:
Originally Posted by sn0rky View Post
i work for a currency trading firm and we have a joke there about the DINAR, "its a heavily traded currency on the eBay exchange".

on any note, best of luck as a colleague has his funds vested as well
People said the same thing about kawait also and the people who bought up there money are now rich.

Why does Chase bank of America and other banks sell and buy the dinars then?

And also the government.


Sent from my PC36100 using Bimmer
bwallace530 is offline   Reply With Quote
Old 09-27-2011, 11:35 PM   #14
eee4666
Registered User
 
eee4666's Avatar
 
Join Date: Aug 2004
Location: South Orange County
Posts: 2,279
My Ride: '02 325i / '07 600RR
Quote:
Originally Posted by bwallace530 View Post
Just wondering who all is invested in dinars.

And what you guys think about it.

Sent from my PC36100 using Bimmer
Quote:
Originally Posted by bwallace530 View Post
People said the same thing about kawait also and the people who bought up there money are now rich.

Why does Chase bank of America and other banks sell and buy the dinars then?

And also the government.


Sent from my PC36100 using Bimmer
Are you asking for opinions or convincing everyone that it's a good investment?
__________________
eee4666 is offline   Reply With Quote
Old 09-27-2011, 11:37 PM   #15
bimmerfan08
Registered User
 
Join Date: Feb 2009
Location: Hampton Roads, VA
Posts: 4,890
My Ride: Phoenix Yellow M3
So essentially you buy other currency, wait for inflation of the dollar, and the other currency to go up, then you convert the currency back to the dollar and profit? Is that how im supposed to read?
__________________
"Economics cannot answer such normative or prescriptive questions about how much of our market incomes, if any, should be transferred to poor families. This is a political question that can only be answered at the ballot box, or in some countries, at the point of a gun."
bimmerfan08 is offline   Reply With Quote
Old 09-28-2011, 07:22 AM   #16
bwallace530
Registered User
 
Join Date: Jan 2011
Location: Oregon
Posts: 1,866
My Ride: 325
Quote:
Originally Posted by eee4666 View Post
Are you asking for opinions or convincing everyone that it's a good investment?
Yes opinions that's what I wanted. And thanks for yours.

Sent from my PC36100 using Bimmer
bwallace530 is offline   Reply With Quote
Old 09-28-2011, 07:23 AM   #17
bwallace530
Registered User
 
Join Date: Jan 2011
Location: Oregon
Posts: 1,866
My Ride: 325
Quote:
Originally Posted by bimmerfan08 View Post
So essentially you buy other currency, wait for inflation of the dollar, and the other currency to go up, then you convert the currency back to the dollar and profit? Is that how im supposed to read?
That's how it works.

Sent from my PC36100 using Bimmer
bwallace530 is offline   Reply With Quote
Old 10-03-2011, 08:52 PM   #18
sn0rky
Registered User
 
Join Date: Nov 2009
Location: san francisco
Posts: 26
My Ride: 330i
Quote:
Originally Posted by bwallace530 View Post

Why does Chase bank of America and other banks sell and buy the dinars then?

And also the government.


Sent from my PC36100 using Bimmer

Because that is how banks make money.

Based on Yahoo Finance the exchange rate for KWD to USD was 3.2625 in 2001 and 3.6088 in 2011 3463 pips, which EUR/USD moved more than from 2005 to 2008

Based on Google Finance, there was no revaluation as well; http://www.google.com/finance?hl=en&...ed=0CCoQ5QYwAA




I am not convinced, however I would like to be. As I would like to be rich as well
sn0rky is offline   Reply With Quote
Reply

Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes Rate This Thread
Rate This Thread:

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Censor is ON





All times are GMT -5. The time now is 03:54 PM.


Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2014, vBulletin Solutions, Inc.
(c) 1999 - 2011 performanceIX Inc - privacy policy - terms of use