"first of all the new law your speaking of is not much different than any other customs laws in many countries. foreigners must adhere to customs declarations entering and leaving the country."
WHAT? Did you not read that it says "NO Iraqi Currency can be taken out of Iraq."
Where else do you know of that you can not take the currency out of the country?
Then you wrote: "does anyone have any idea who will be buying dinar in large amounts when/if a revalue happens? that should be OUR BIGGEST CONCERN."
If you have an account with Chase you can walk right in and deposit your Dinar into your account and it will be exchanged at the going rate for the day...be it 1260-1 0r 1-1.
I have accounts prepared just for the exchange of the Dinar at reval with pre selected investment plans.
When the reval happens I will have all my Dinar exchanged and in pre selected accounts within the first hour of the first banking day after the CBI says GO!~
ALSO..the Chase $5000 per day limit is for exchange not for deposit. You can exchange 5 million at the days going rate IF you put it into your proper CHASE account.
Disclaimer: Do not buy or sell any stock or currency based upon this or any of my post. Please do your own D.D. and the best of luck to all!~
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.