Iraqi Dinar Discussion Board

[Aerospace]

Joe… I think most banks that sell/buy dinar have already stopped dealing in them.
The ones that might be left… it would probably depend on the exchange time allowed if they lop. If it’s a short exchange time, no bank will take the chance of being stuck with worthless dinar. If it’s a longer exchange period and they feel comfortable that they can get the dinar back to Iraq and exchange it then they may buy it back.
The article about a bank in Iraq hooking up to currency markets… is just that. This is the first COMMERCIAL bank in Iraq to link up to the system. This will allow companies and citizens of Iraq to open accounts at this bank and trade the FX. Remember… the FX is not just an investment platform. The FX was established to allow countries and businesses the ability to buy and sell currencies needed to do business with each other internationally.
It doesn’t mean the Dinar will be floated on the FX.