Anytime you exchange money, the bank or money exchange institution has a mark-up.....if the dinar revalues @ $1.00, I think it would be hard to say no @ .79 cents, if in fact, it is a 21% spread at the time.....
Here is an email I received late this afternoon.....it appears that you do not have to have an account with TD to exchange the dinar....
03/29/2010
3:53:51 PM
Sender Customer Care
Subject RE: Iraqi Dinar
Message Thank you for contacting us in regards to exchanging foreign currency, Mr. XXX.
You can exchange international currency for U.S. dollars at any branch during lobby hours. There is a $7.50 fee for Customers and a $10.00 fee for Non-Customers for the international exchange service which can be deducted from the proceeds of your exchange.
TD Bank may not be able to provide the currency rate that you may have seen published as the exchange rates are subject to change daily.
If you have any further questions, please contact us via email or call 1-888-751-9000 to speak with a Customer Service Representative, 24 hours a day, 7 days a week.
Regards,
Sandra
TD Bank On-Line
E-mail Specialist
----------------------------------------------------
Sent: 3/29/2010 2:16:36 PM
To: Customer Care
Subject: Iraqi Dinar
I have just opened an account in Vermont. I have been told the TD Bank does currency exchange with the Iraqi Dinar. Can you let me know if there are any fees associated with exchanging the dinar? I would imagine I would bring it to my local bank here in Vermont.
Thanks!
