Earlier today I received an email from Baghdad Invest. He left a link to an article written by Mr. After reading Mr. IQDs article I Just had to leave a comment. I came back later in the day only to find that the comment had vanished. It is missing! IQD makes the claim that this article mae and confirms that Kuwait did indeed revalue their currency.
A number of people in the U. Rumors that the U. The U. As The Daily Beast reported Tuesday, however, this theory has taken on new life under Trump, who some supporters took literally when he promised in April that all currencies would «be on a level playing field» in response to allegations that China was manipulating the value of the yuan. In April , exactly one month into the Iraq War, Newsweek ‘s Sally Atkinson penned this in response to a reader from Lahore, Pakistan, who asked what his , Iraqi dinars would be worth after the war:. Now one is worth less than half a penny. So your , are good for only about 50 cents. And they’ll probably be worth even less when the war ends, says Bob Hormats, a Goldman Sachs economist. At some point, the new Iraqi government will likely create a new dinar without Saddam’s picture on it and allow old ones to be converted, but a war rarely helps the exchange rate. Hurry and sell them on eBay before everyone else does. But as a new conflict raged between U. In January of that year, CNN financial editor Walter Updegrave strongly cautioned a reader inquiring on whether or not they should buy into the Iraqi dinar hoping its value would restabilize.
That September, ABC News investigated the phenomenon and, a month later, Boston Magazine , was speaking to self-styled investors in the Iraqi dinar as well. The years dragged on and, though Iraq’s crisis only deepened, droves of online sites continued to sell Iraqi dinars to customers in the U.
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Kuwait has revalued the dinar for the first time in 17 months, sparking a rally in regional currencies and speculation that Saudi Arabia would follow suit. The dinar, which like other currencies in the world’s main oil exporting region is pegged to the dollar, rose to 0. Kuwait, Saudi Arabia and their four neighbours of the Gulf Co-operation Council, which supply a fifth of the world’s oil, are working towards currency union in Speculation swept regional markets that other countries may follow suit. Richard Fox, sovereign credit analyst at Fitch Ratings, said: «T.
Asked in English Spelling and Pronunciation How do you spell reassess? This is the kind of money we use today. Clymer said. Consider the bezel insert from a Rolex Submariner. Thousand money transfer services are available anywhere in Kuwait and easy to reach and very simple procedure. As tattooed rockers, tech bros and Instagram influencers pile into the tweedy world of watch collecting, prices for sought-after classics from brands like Rolex, Omega and Patek Philippe are shooting up.
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However, Kuwait has avoided giving large amounts of money to either side of the conflict. The capital of Kuwait is «Kuwait City». This is the kind of money we use today. Instead, man had the «barter». Asked in Kuwait Why does Kuwait act very poor when they are actually rich? Khoo said. Yes, one dollar in kuwaiti money equals 3. So there is another Kuwait in that Kuwait. Over the years, Mr. Or, they may just want to buy whatever looks cool and leave it at .
This blog is dedicated to the Iraqi Dinar
By Alex Williams. As tattooed rockers, tech bros and Instagram influencers pile into the tweedy world of watch collecting, prices for sought-after classics from brands like Rolex, Omega and Patek Philippe are shooting up. In some cases, they have doubled in just a couple of maje. These next-generation collectors see old timepieces not just as a subtly stylish way to dress up a T-shirt and jeans, but also as a hot new asset in their investment portfolios.
In a market where stocks, bonds and real estate seem at an unsteady peak, do vintage watches present a Bitcoin-inlike growth opportunity? Or are they in a Bitcoin-inlike bubble? Even though his investment in watches has qhen in value in just 18 months, Peter Goodwin, a private investor in Charlottesville, Va. It is the same with the trendy watches we read about in the auctions — the Paul Newman Rolex, the Omega Speedmasters, some Submariners.
You see them rising and you want to jump on. Hendizadeh, 25, said. And in the event of an economic downturn, fine watches may turn out to represent a safe-haven asset, like metals or gems, for investors looking to diversify their portfolios. Or they may just be another of-the-moment asset that 1 percenters, flush with cash, have inflated to unsustainable proportions. Watch collectors hide in plain sight. In professional sports, high-end timepieces have long seemed as indispensable as a shoe contract for stars with seven- and eight-figure incomes.
Star players who have been traded have been known to trade a Rolex to a player on their new team to secure their old jersey number. And in recent years, several have morphed into certifiable watch snobs.
Howie Kendrick of the Washington Nationals, for example, counts understated heirlooms, like a LeCoultre Deep Sea Alarm and a s Breitling Superocean, as key elements of his off-field uniform.
The Watch Fundrun by Dominic Khoo, a shareholder and watch specialist with the auction company Antiquorum, offers people a chance to invest in rare and limited-edition watches at prices that can be 50 percent or more below retail. Khoo said. Star power and funds like Mr. But does that make them a good investment? What even makes a watch valuable? Consider the bezel insert from a Rolex Submariner.
None of this necessarily makes sense. The new Sub is a marvel of mechanical engineering, with a high-tech ceramic bezel that is virtually guaranteed not to fade, a solid-steel bracelet as rugged as a tank tread, and a crystal made of sapphire that is all but scratch-proof.
Which is, naturally, why old watches are considered cool: They have patina, provenance, soul. And for a generation of men and yes, vintage watches seem to be an obsession largely for men, with apologies to Ellen who value the analog-chic of antique mechanical watches, just like vinyl records and selvage jeans, that is key.
It routinely shows off sumptuous wrist monej of old classics for its Revaleud followers. That score mohey him persuade his wife that a portfolio of vintage watches could serve as an alternate k for the family. Hranek, 51, said. Benjamin Clymer, the founder of the watch site Hodinkeewhich has evolved from a one-man watch blog to a market-moving editorial and e-commerce site selling new and vintage watches, has been practicing a form of horological arbitrage with his collection for years.
Clymer, 36, said. But no watch has exploded in value like the Paul Newman Daytona. Joanne Woodward accidentally made it iconic when she bought one for Mr.
Whether she noticed it or not, the specific model theie selected for Mr. Newman, who could often be found circling the track when he was not making movies, was rare, featuring distinctive Art Deco-inflected numerals on its three sub-dials denoting seconds, minutes and hours.
This only appeared on perhaps one in 20 Daytonas from the late s and early s. Over the years, Mr. Those were the days. Clymer, who once owned that very watch. Clymer said. Not every old watch has value. Anyone who scoops up a cheap boxful of half-working Bulovas from the s at a flea market is likely to end up with a cheap boxful of half-working Bulovas from the s. Vintage watch collecting can prove a minefield for newbie collectors. Even with blue-chip models, seemingly imperceptible differences can add or detract thousands of dollars in value.
A Rolex Submariner from the s with an original bezel insert featuring a so-called long kkuwait is worth thousands more than one with a monfy insert with a shorter, more contemporary 5. Buyers need to figure out if a watch has been polished over the years — actually considered a bad thing, since polishing can wear down the crisp edges of its case, Mr.
Wind said. And they need to watch out for unscrupulous dealers peddling so-called Frankenwatches, which contain non-original parts that can torpedo the value. Besides, watch collecting can be similar to art collecting in that dealers tend to reserve the most coveted pieces for insiders and heavyweight collectors, rarely making them available to the general public.
And then there are the fickle market tastes that any sort of collector must try to anticipate. Already, some sure things, like certain Daytonas, are looking like slightly less than a sure thing. During the bear market of totoo, prices for some high-flying vintage models, including Paul Newmans, dipped by 30 to 40 percent, said Matthew Bain, a dealer of fine watches in Miami Beach. But, like stocks, they bounced back to new highs.
The rebound may seem intoxicating. But people who dud of their watch collection as an alternative to an E-Trade account may be in for a rude surprise when they discover that watches often come with sizable dealer fees, not to mention substantial outlays for insurance, secure storage and other hidden costs, Mr.
In other words, wgen to the watch world may want to heed the warning attached to brokerage advertisements on television: Past performance is no guarantee of future results. Or, they may just want to buy whatever looks cool and leave it at. Supported by.
Time — elegantly monitored — will tell.
Kuwaiti Dinar RV/RI Exchange experience
Lately he has turned to one of the chanciest investments in the world — the Iraqi dinar. He’s not alone in risking his money on an investment that can charitably be described as a long-term turnaround project that will pay off only for the extremely patient. Thousands like Scarpa in America are buying the dinar, hoping someday the war-torn nation can revalue a currency worth just a fraction of a penny. The fundamentals for buying the dinar are precarious. The United States invaded the country in and has only recently removed most of its troops.
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The country’s political situation remains unstable, and destabilization in the Middle East — most recently with rockets fired between Israel and the Gaza Strip — could undermine the fledgling republic. Most of them cite near-zero interest on their U. The dinar, worth just a tenth of one U. Also, buying the dinar is a task in and of. The currency is only traded in Iraq, so it can only be purchased by U. If a customer wants to sell his dinars, the dealer will only buy it back at a 30 percent discount — so no quick trades. But Scarpa said he is prepared to wait. The country has the second-largest oil reserves in the Middle East and exports 3. In the last four years, the dinar has barely moved.
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