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Dinar Isn't the Only Game in Town!

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Post by Ssmith on Wed Sep 02, 2015 2:06 am

Iranian Rial is beginning to drop down to cheap prices again on ebay.



winneriam (TNT)

It went from $11 per $100,000 rial to over $25, now it is back to around $13. The longer they play this dance, the more we should stock up on various currencies. It's been 667 days since the politicians exchanged in November and December of 2013, and 600 days since the three letter agencies exchanged in January and February of 2014. Instead of complaining, we should use this time to become the new rich in America and the world. We're going to be the ones who make policy one day. We're going to be the ones who create jobs and companies from just ideas we've got in our minds. Rial, dong, zim, dinar, ruble from Belarus, pula, birr from Ethiopia, kip,tugrik,somali & Uganda & Tanania shilling, Uzbekistan Sum. These country may not all have diamonds and gold and oil but they could have rare earth minerals and things that would make their currencies soar when the reset occurs. Get their biggest bills. It's just hamburger money to you.


Here is an example of one cheap price. There are others on the list.


http://www.ebay.com/itm/100-000-Iranian-Rials-KHOMIENI-Circulated-XF-EXTREMELY-FINE-/171912819156?hash=item2806cd71d4
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Post by Kevind53 on Wed Sep 02, 2015 7:46 am

Politicians have not exchanged, nor have three letter agencies, the ZIM is no more, and to the best of my knowledge, the executive orders and sanctions have not been fully lifted and it is illegal for an American citizen, resident, or business to own Rial.

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Post by Ponee on Wed Sep 02, 2015 12:13 pm

More Currency Scamming go figure... I guess they are seeing a drop in interest in the IQD so they have to start pumping others.

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Post by MOJO5759 on Wed Sep 02, 2015 10:59 pm

illegal for an American citizen, resident, or business to own Rial???

According to Frank26 not so, as there are guidelines in obtaining from U S banks that have it in their reserves. Bringing in or leaving country with the rials is what illegal.

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Post by Kevind53 on Wed Sep 02, 2015 11:16 pm

Frank26 has never been known for accuracy. The US Government says it is, at least until such time as the pertinent EOs are rescinded, I'll go with that.

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Post by MOJO5759 on Thu Sep 03, 2015 9:50 am

Lol! Knew I would get that type response back from you. So since you like to present facts show me the specifics (docs) concerning gov regulations..... Oh! and yes after 9 years holding the Dinar i find Frank to be one of the few with any credibility. Maybe he misses a few, like maybe you might have  missed on this one...lol

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Post by crazyjerry123 on Thu Sep 03, 2015 10:01 am

Somebody please show proof that we can own the Iranian Rial, as long as we don't take it out or bring it into the USA........I would like to buy a few.

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Post by dwm007 on Thu Sep 03, 2015 10:42 am

@Ponee wrote:More Currency Scamming go figure... I guess they are seeing a drop in interest in the IQD so they have to start pumping others.


Yep, and apparently there are suckers willing to buy!

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Post by Kevind53 on Thu Sep 03, 2015 4:30 pm

@MOJO5759 wrote:Lol! Knew I would get that type response back from you. So since you like to present facts show me the specifics (docs) concerning gov regulations..... Oh! and yes after 9 years holding the Dinar i find Frank to be one of the few with any credibility. Maybe he misses a few, like maybe you might have  missed on this one...lol

OK well for starters:

FINANCIAL DEALINGS WITH IRAN -
New investments by U.S. persons, including commitments of funds or other assets, loans or any other extensions of credit, in Iran or in property (including entities) owned or controlled by the Government of Iran are prohibited. For your information, Appendix A contains a list of banks or entities owned or controlled by the Government of Iran. While U.S. persons may continue to charge fees and accrue interest on existing Iranian loans, a specific license must be obtained to reschedule or otherwise extend the maturities of existing loans. Payments for licensed sales of agricultural commodities, medicine and medical devices must reference an appropriate OFAC license and may not involve a debit or credit to an account of a person in Iran or the Government of Iran maintained on the books of either a U.S. depository institution or a U.S. registered broker or dealer in securities.

Payments for and financing of such licensed sales may be accomplished by cash in advance, sales on open account (provided the account receivable is not transferred by the person extending the credit), or by third-country financial institutions that are neither U.S. persons nor government of Iran entities. Any other arrangements must be specifically authorized by OFAC.

U.S. depository institutions may advise and confirm letters of credit issued by third-country banks
covering licensed sales of agricultural commodities, medicine and medical devices. Effective November 10, 2008, the authorization for “U-turn” transfers involving Iran was revoked. As of that date, U.S. depository institutions are no longer authorized to process such transfers, thereby precluding transfers designed to dollarize transactions through the U.S. financial system for the direct or indirect benefit of Iranian banks or other persons in Iran or the Government of Iran. However, U.S. depository institutions are permitted to handle funds transfers, through intermediary third-country banks, to or from Iran or for the direct or indirect benefit of the Government of Iran or a person in Iran, arising from several types of underlying transactions, including:

a) a noncommercial family remittance;

b) an exportation to Iran or importation from Iran of information and informational materials;

c) a travel-related remittance;

d) a payment for the shipment of a donation of articles to relieve human suffering; or

e) a transaction authorized by OFAC through a specific or general license.

Also:

OTHER BANKING SERVICES -
U.S. depository institutions, including foreign branches, are prohibited from servicing accounts of the Government of Iran, including banks owned or controlled by the
Government of Iran (as in Appendix A) or persons in Iran. However, they are authorized to pay interest, deduct reasonable and customary service charges, process transfers
related to exempt transactions, such as the exportation of information or informational material, a travel-related remittance, or a payment for the shipment of a donation of articles to relieve human suffering. They may not otherwise directly credit or debit Iranian accounts.

U.S. depository institutions and U.S. registered brokers or dealers in securities initiating or receiving payment orders involving Iran on behalf of customers must determine prior
to processing such payments that they do not involve transactions prohibited by the Iranian Transactions Regulations.

http://www.treasury.gov/resource-center/sanctions/Programs/Documents/iran.pdf

From another source:

What activities by foreign financial institutions can subject them to CISADA sanctions?

As described in the Iranian Financial Sanctions Regulations, the sanctionable activities of a foreign financial institution are:

Facilitating the efforts of the Government of Iran (GOI) to acquire or develop Weapons of Mass Destruction (WMD) or delivery systems for WMD or to provide support for terrorist organizations or acts of international terrorism;

Facilitating the activities of a person subject to financial sanctions pursuant to UNSCRs 1737, 1747, 1803, or 1929, or any other Security Council resolution that imposes sanctions with respect to Iran;

Engaging in money laundering, or facilitating efforts by the Central Bank of Iran or any other Iranian financial institution, to carry out either of the facilitating activities described above; or

Facilitating a significant transaction or transactions or providing significant financial services for: (i) the Islamic Revolutionary Guard Corps or any of its agents or affiliates whose property and interests in property are blocked pursuant to the International Emergency Economic Powers Act (IEEPA), or (ii) a financial institution whose property and interests in property are blocked pursuant to IEEPA in connection with Iran’s proliferation of WMD, Iran’s proliferation of delivery systems for WMD, or Iran’s support for international terrorism.

Yes, I know that currency is not specifically mentioned but "commitments of funds or other assets" would seem to pretty well cover that. The whole subject is a pretty complex web of laws, UN resolutions, executive orders, and who knows what else. I am no lawyer, nor I suspect is Frank, but, unless you have some way to determine if the source is not an Iranian government or other prohibited interest, AND you have an iron tight opinion from a layer specializing in international financial laws and regulations, I would strongly advise against purchase.

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Trust but Verify --- R Reagan Suspect

"Rejoice always, pray without ceasing, in everything give thanks; for this is the will of God in Christ Jesus for you."1 Thessalonians 5:14–18

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