Iraqi Dinar Discussion Board

[Mr. Bill]

IMO good points by Kap - BGG says WF charges 16% to 18% for Australia and Kuwait - so 20% seems like the best scenario. It might be less if they want the massive amounts of funds as a deposit and might make a deal if you deposited money for 6 months or something. BGG talked the same on dealers and a fixed fee or percentage which might be low.

11-1-2014 Newshound Guru Kaperoni There is no #800s, that is all made up BS. When the dinar begins to rise, more than likely we will have to engage with a currency dealer, or some market maker to open a brokerage account. I cannot see cashing at a bank for this currency...at least initially. It is an emerging market currency, highly volatile and banks would want a huge spread to exchange (like 20% or more). So sit tight and forget about what to do..and let this play out. Once the dinar becomes an internationally recognized currency under the IMF Article VIII, we will learn the conditions. And then we all can learn what we need to do to in that regard.

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