30 DAYS OPTION TO BUY 200K (25K x 8) IRAQI DINAR

  • Sold for: Start Free Trial or Sign In to see what it's worth.
  • Item Category: -
  • Source: eBay
  • Sold Date: Jul 09, 2011
  • Channel: Auction House

This item grants you the rights to buy 2 00,000 (25K x 8) of NEW UN-CIRCULATED IRAQI DINAR BANKNOTE for $380 USD within 3 0 DAYS . The price is fixed for you regardless of how much the Dinar appreciates in value. The winning bidder will receive a signed contract from us mailed to you stating that you may purchase, from us, the specified amount of Iraqi Dinar at the specified rate, regardless of what the true value will be. We are obligated to sell you the 200,000 Iraqi Dinar for $380 USD, if you choose to exercise the rights.
You will not get any Dinar just for winning this auction. This is called "Dinar on reserve." You will get a contract giving you the right to buy Dinar in the future at a specified price. We will mail you a signed, binding contract within 1 business day of your purchase.

YOU HAVE 30 DAYS TO EXERCISE YOUR OPTION. THE DELIVERABLE DINAR IS VERIFIED AS AUTHENTIC AND HAS ALL THE SECURITY FEATURES SHOWN IN THE MAIN ITEM PICTURE. CONTRACTS ARE BACKED BY DINAR, WHICH IS WHY THERE IS A LIMITED NUMBER AVAILABLE.
This contract provides you the ability to use leverage. Imagine if the value of the Iraqi Dinar increases and yet you will still be able to buy it at the reserved price?? If you think that the revalue of the Iraqi Dinar is going to happen in the near future, then this contract has the potential

3. We mail you a signed contract by mail within 1 business day of your purchase.
4. You can mail payment at any time before or on the date of contract expiration. It must be postmarked before or on the day that the contract expires.
5. We will ship you the New Iraqi Dinar currency.
6. Whether you choose to exercise your option or not, you WILL NOT receive a refund for this auction.
7. Once you win the auction and pay the winning auction amount, we will honor the contract whether you have the physical contract in your possession or not -- so long as the contract is not expired.

Please send any questions before bidding. We will promptly respond, and we will take the time to make sure you understand this type of contract. We want our buyers to make an informed purchase decision, and as a step in that direction we have included a note on revaluation and redenomination below.

Note on REVALUATION vs. REDENOMINATION:

We are including this because we want to make sure buyers are informed about the difference between REVALUATION and REDENOMINATION.

Above option contracts are for New Iraqi Dinars , any zero removal in the currency will see your position adjusted accordingly . If the Iraqi Central Bank or other governing body were to take off 3 zeros for example(REDENOMINATION Not Revaluation) , your option position will be adjusted by the same ratio. . It is very important to note that REDENOMINATION is simply a change of note values the make currency transactions easier , it in no way affects the value of your option to buy Dinar. Now, a Revaluation is entirely different , that is when the currency is revalued but the denomination and unit of currency is not changed. We still believe as Iraq's future improves the currency will naturally appreciate and revalue against the world's currencies as stability returns to the region and Iraq becomes a major world oil exporter. Of course this is our personal opinion.

An example for existing option holders , let's say you hold the right to buy 1 million in current New Iraqi Dinars at a total price of $1,800. . If a redenomination and removal of 3 zeros occurs , you will now have the right to buy 1000 Dinars at a total price of $1,800. The value of the option would not change and the value of the Dinar represented within the option would not change.

... read more