[quote=kpaddle]This concerns me. I would have to travel to Iraq in order to exchange my dinars under the present system. Please let me know your better way.
QUOTE]
Interesting,
If you are already involved with iraqi investments, and you are looking for a quick out as soon as peg occurs, then by all means, open an account in Iraq, but once this happens, you will see your local HSBC branch offering exchanges, as well as many others, so why bother? My issue is what happens if the bank in Iraq is blown up, then what will you do. Me, I want the currency out of harms way, as in my control.
I think I will wait until HSBC actually sets up shop. It is something that might happen and then again it might not happen. I don't think any foreign bank is going to be anxious to open branches in Iraq until things are much more stable than they are. At the moment the police can't even protect themselves and foreign banks would become a prime target for extemist bomb attacks.
I found hundreds of people selling Iraqi Dinars on the web but not one person who is interested in buying and not one professional broker recommends the dinar as a good investment. (I know, what do they know) Everyone who offered advice compared investing in the dinar to gambling on HYIP.
Since I have tried a couple of dozen HYIP this past couple of years and they were all scams I am going to put the dinar in the too risky category for now and wait and see if HSBC actually starts exchanging the dinar.
It might turn out to be like Bryan Marsden's Cambodian Bank. A figment of the imagination. LOL
I think I will wait until HSBC actually sets up shop. It is something that might happen and then again it might not happen. I don't think any foreign bank is going to be anxious to open branches in Iraq until things are much more stable than they are. At the moment the police can't even protect themselves and foreign banks would become a prime target for extemist bomb attacks.
I found hundreds of people selling Iraqi Dinars on the web but not one person who is interested in buying and not one professional broker recommends the dinar as a good investment. (I know, what do they know) Everyone who offered advice compared investing in the dinar to gambling on HYIP.
Since I have tried a couple of dozen HYIP this past couple of years and they were all scams I am going to put the dinar in the too risky category for now and wait and see if HSBC actually starts exchanging the dinar.
It might turn out to be like Bryan Marsden's Cambodian Bank. A figment of the imagination. LOL
Interesting,
Like everything, there are different strategies one decides are best for them. Opening an account in Iraq is one of them. Already western banks are selling dinar, and certainly, once peg is set, they too will be exchanging dinar, so there is no need for any branch to be in Iraq for this to occurr given the worldwide international assistance to insure Iraq becomes an economic success. With billions in debt being forgiven by every major, and even small countries, this is not a question of IF outside banks will sell and exchange, it is a question of when. And the major players are already set and waiting for that peg to be announced, so it is just a matter of time.
In no way is Iraqi-Investments even close to the gamble of HYIP's who disappear in the night, or blame hackers, fraud or whatever, this is an internationally recognized currency which happens to be backed by the world community, not just the US. With the number one oil reserves recently disclosed, there is no way for the economy to stall, never mind go in reverse, and as killing is part of life in region since the beginning of time, it will have no impact on future growth and soon these terrorists will own businesses, or have good paying jobs, so this too is only a matter of time and the bombing will deminish.
Like everything, there are different strategies one decides are best for them. Opening an account in Iraq is one of them. Already western banks are selling dinar,
Really, which western banks are selling dinars? Names and locations please! Also I'm interested in purchasing Iraqi dinar. Can I pay with DXgold?
Like everything, there are different strategies one decides are best for them. Opening an account in Iraq is one of them. Already western banks are selling dinar,
Really, which western banks are selling dinars? Names and locations please! Also I'm interested in purchasing Iraqi dinar. Can I pay with DXgold?
Funny,
HSBC in Chicago is taking orders, and that is a good indication as any that all branches will be involved soon. BoA in LA is another, but I could not confirm it as I did not know the person personally who made purchase. Aslo a Bank of Canada, but again, I don't know the source personally. It really means little who is selling dinar at the moment as this will all become a non issue when peg is made. You can purchase from dozens of registered currency dealers worldwide, so if you were to wait for mainstream local branches to sell, you missed opportunity. No risk, no reward, first in, first to win.
HSBC in Chicago is taking orders, and that is a good indication as any that all branches will be involved soon. BoA in LA is another, but I could not confirm it as I did not know the person personally who made purchase. Aslo a Bank of Canada, but again, I don't know the source personally. It really means little who is selling dinar at the moment as this will all become a non issue when peg is made. You can purchase from dozens of registered currency dealers worldwide, so if you were to wait for mainstream local branches to sell, you missed opportunity. No risk, no reward, first in, first to win.
Good luck to all, Mike
UPDATE:
HSBC has just finalized purchase of Iraq bank which will demonstrate their commitment to international exchange, so it is just a matter of time.
Re: Iraqi investments dinar
Re: Iraqi-investments.com dinar
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