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Bank...$2.25

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Post by outback7 Fri Sep 30, 2011 9:54 pm

www.ibom.biz This info was from PTR. Man says he has a friend who has an account with this bank and maintains the are exchanging for $2.25 US. I have got on to this banks web sight and they do state that they will exchange for $2.25. The bank looks dodgy and they state they work through some Australian banks like the ANZ which is my bank.......I am going to check out this bank with mine on Monday.......
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Post by openmind Fri Sep 30, 2011 9:58 pm

This is the link to the Government of Meekamui where the Bank is Based: http://governmentofmeekamui.net/

I have never heard of such a place.

I would ask the person from PTR to please confirm that it is the Iraqi Dinar and not something else or some other Dinar. Also is the dollar figure in American dollars or in Australian?

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Post by outback7 Fri Sep 30, 2011 10:00 pm

openmind wrote:This is the link to the Government of Meekamui where the Bank is Based: http://governmentofmeekamui.net/

I have never heard of such a place.

I would ask the person from PTR to please confirm that it is the Iraqi Dinar and not something else or some other Dinar. Also is the dollar figure in American dollars or in Australian?


It is Iraqi dinar and USD......Check their web page and you will have the info.
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Post by humingbyrd Fri Sep 30, 2011 10:01 pm

outback7

The link you provided shows a table of exchange rates, but the IQD is not listed! So where did you see the 2.25? Just curious!
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Post by openmind Fri Sep 30, 2011 10:05 pm

Is this a real bank. I dont see the Meekamui Dollar on any other forex list?

http://en.wikipedia.org/wiki/Noah_Musingku

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"People want to see real hope restored, not false hope hyped up!" ---Me

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Post by outback7 Fri Sep 30, 2011 10:08 pm

humingbyrd wrote:outback7

The link you provided shows a table of exchange rates, but the IQD is not listed! So where did you see the 2.25? Just curious!

Go on to their sight and click on faq and scroll down to question 7. I think its somewhere there. Hope that helps.
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Post by outback7 Fri Sep 30, 2011 10:12 pm

openmind wrote:Is this a real bank. I dont see the Meekamui Dollar on any other forex list?

http://en.wikipedia.org/wiki/Noah_Musingku


As I said openmind it looks a bit dodgy.....most likely a merchant bank. They do exist but should have info Monday.
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Post by Amarao Fri Sep 30, 2011 10:19 pm

So I've done some math. This currency, whatever it is, is not USD.

On the exchange rate table listed on the website 1 USD will get you 1000 of this currency.

1 USD will get you 1170 IQD, this place will buy them for 2.25, so 1170 IQD is worth 2632.5 to these guys. Convert that back into USD and it's $2.6325

So technically they are buying dinar for a little over 2.5 times the current rate listed on the CBI's website.

Make of that what you will.

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Post by WilliamB Fri Sep 30, 2011 10:20 pm

it's there in section 7 as of September 1st 2011..... top of page 10


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Post by Amarao Fri Sep 30, 2011 10:26 pm

More information on the region:

http://en.wikipedia.org/wiki/Bougainville_Island

http://www.bougainvilletourism.org.pg/visitorinfo.html

According to their tourism website they use the PGK (Kina). Still looking for exchange rates on this.

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Post by Amarao Fri Sep 30, 2011 10:29 pm

1 USD = 2.2094 PGK

http://www.exchangerates.org.uk/Dollars-to-Papua-New-Guinea-Kina-currency-conversion-page.html

So whatever they are quoting in their exchange rate table is NOT the PGK?

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Post by outback7 Fri Sep 30, 2011 10:30 pm

Amarao wrote:So I've done some math. This currency, whatever it is, is not USD.

On the exchange rate table listed on the website 1 USD will get you 1000 of this currency.

1 USD will get you 1170 IQD, this place will buy them for 2.25, so 1170 IQD is worth 2632.5 to these guys. Convert that back into USD and it's $2.6325

So technically they are buying dinar for a little over 2.5 times the current rate listed on the CBI's website.

Make of that what you will.



The bank offered this guy $56, 256. for a 25k note......
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Post by Amarao Fri Sep 30, 2011 10:37 pm

I should've read more.

Question 7.1: "All investments are gold-related by the local currency UVD (U-Vistract Dollar) which is named Bougainville KINA (BVK in your account)

So, I can't find this on any exchange rate sites.

I can't make much sense of this, they list the UVD on their exchange rate table with a buy of 100, yet this pdf states they use the UVD...


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Post by Najm93 Fri Sep 30, 2011 10:47 pm

Outback7 elaborate please!!!!!

"The bank offered this guy $56, 256. for a 25k note"
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Post by outback7 Fri Sep 30, 2011 10:53 pm

Najm93 wrote:Outback7 elaborate please!!!!!

"The bank offered this guy $56, 256. for a 25k note"



Actually it was $56, 250 for a 25k note. That is as much as I know......Good night all.
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Post by Wealthy1! Fri Sep 30, 2011 11:00 pm

..... and did you read the part that says you can't withdraw any of your money... and don't ask them any more questions about that because they're working on it.

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Post by Guest Fri Sep 30, 2011 11:13 pm

Its all rumor until you have the money in your hands!

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Post by clayf Fri Sep 30, 2011 11:26 pm

Wealthy1! wrote:..... and did you read the part that says you can't withdraw any of your money... and don't ask them any more questions about that because they're working on it.
It said cant withdraw for one year
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Post by outback7 Sat Oct 01, 2011 5:18 pm

clayf wrote:
Wealthy1! wrote:..... and did you read the part that says you can't withdraw any of your money... and don't ask them any more questions about that because they're working on it.
It said cant withdraw for one year



You cant withdraw it for a year if that money's invested with them as I read it.
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