InvestorsHub Logo
Followers 2
Posts 1353
Boards Moderated 0
Alias Born 10/16/2006

Re: krevata post# 20255

Sunday, 08/16/2009 9:54:09 PM

Sunday, August 16, 2009 9:54:09 PM

Post# of 29692
No one knows for sure.
A lot will depend on the length of time allowed for the exchange.
Banks will probably not touch it.
If it’s 6 months to a year the same dealers that are selling it now will buy it back, at a huge loss to you.
If they only allow 3 months for exchange, which is how long they allowed last time, it will be hard to get rid of. Dealers probably are not equipped to buy back in a month or two all the currency that they have sold over 5 or so years.
Don’t be surprised if when they officially announce the new currency… they make a statement that all currency that left the country is deemed illegal… and they try to block any from re-entering the country.

Also… please be wary of what you read on a lot of the dinar forums. They are run by dinar dealers or people working for dinar dealers. Most are deleting any reference to these latest articles and allowing no discussion of them. Those forums ban anyone who doesn’t tow the line.

Join the InvestorsHub Community

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.