Thread: "Currency Talk Only". Investing,Ideals,Suggestions,Advice

Interesting,

Been investigating offshore online banks which offer different options of currency investments like CD's as example, mutual funds in other than dollars for everyone who may want to exchange out their dinar more quickly than some of us, so once I get final details I will post them.

Happy New Year to All, Mike

I posted this yesturday but I cannot find it now,
maybe Captain Neno sunk it without trace ?

So I'll ask again..............


I live in the UK and bought my Dinars from someone
who works in the Middle East, I have NO paperwork
to support my purchases.

Will this matter when it comes time to exchange them,
I don't want to be accused of Money Laundering ?

Will I need to go to Iraq, Dubai, Saudi, Kuwait etc. to
exchange them ?

Actually I would prefer to go Offshore for obvious reasons,
but I don't want to have major problems cashing in.

Any advice is gratefully welcomed....

Originally Posted by laurenr

I posted this yesturday but I cannot find it now,
maybe Captain Neno sunk it without trace ?

So I'll ask again..............


I live in the UK and bought my Dinars from someone
who works in the Middle East, I have NO paperwork
to support my purchases.

Will this matter when it comes time to exchange them,
I don't want to be accused of Money Laundering ?

Will I need to go to Iraq, Dubai, Saudi, Kuwait etc. to
exchange them ?

Actually I would prefer to go Offshore for obvious reasons,
but I don't want to have major problems cashing in.

Any advice is gratefully welcomed....

Good question,

Technically, if you made purchase you should have some form of proof of payment, and that should be enough to establish your purchase. As to exchanging, you will be able to do this almost everywhere when the time comes, and in some areas of world, you can already exchange.

Happy New Year to all, Mike

Originally Posted by laurenr

Why would this islands currency increase radically in value ?

4 Bil Barrels of oil under it!!!!!!! Total population of about 175k !!!!!!

Originally Posted by Offshore-Wealth.com

Good question,

Technically, if you made purchase you should have some form of proof of payment, and that should be enough to establish your purchase. As to exchanging, you will be able to do this almost everywhere when the time comes, and in some areas of world, you can already exchange.

Happy New Year to all, Mike

Technically you're right, however the purchase was quite informal and
no receipt was offered or requested, hence my problem.

I don't want to be exchanging small amounts all the time, I would
prefer to exchange a life changing amount ASAP ( after the R/V ).

Originally Posted by laurenr

I posted this yesturday but I cannot find it now,
maybe Captain Neno sunk it without trace ?

So I'll ask again..............


I live in the UK and bought my Dinars from someone
who works in the Middle East, I have NO paperwork
to support my purchases.

Will this matter when it comes time to exchange them,
I don't want to be accused of Money Laundering ?

Will I need to go to Iraq, Dubai, Saudi, Kuwait etc. to
exchange them ?

Actually I would prefer to go Offshore for obvious reasons,
but I don't want to have major problems cashing in.

Any advice is gratefully welcomed....

Yes it was sunk. If anything hits the News Thread on the latest about anything other then Dinar/Iraq, it will be deleteted from now on. Rules have been re written in that thread. Please all have a view of them. But now you have found the right Thread for your post. Good for you SHIPMATE.

Originally Posted by laurenr

Technically you're right, however the purchase was quite informal and
no receipt was offered or requested, hence my problem.

I don't want to be exchanging small amounts all the time, I would
prefer to exchange a life changing amount ASAP ( after the R/V ).

I am with you here, with that Life Changing amount. But here in the US a reciept is needed for the Capital Gains Tax. If, can not provide on, I believe here it would be the max. Since you are in the UK, prehaps someone with the UK Knowledge to answer this. If Not, I would say consult you proper Tax people there. Good Luck.

Originally Posted by laurenr

Technically you're right, however the purchase was quite informal and
no receipt was offered or requested, hence my problem.

I don't want to be exchanging small amounts all the time, I would
prefer to exchange a life changing amount ASAP ( after the R/V ).

Interesting,

So in other words, you paid cash, no receipt or record of purchase at all?
In this case, you have no choice, exchange it out a little at a time is your only option as UK takes a huge bite, so better not to exchange large amounts all at once, and start traveling and exchange some on each trip.

Happy New Year to all, Mike

Originally Posted by Offshore-Wealth.com

Interesting,

So in other words, you paid cash, no receipt or record of purchase at all?
In this case, you have no choice, exchange it out a little at a time is your only option as UK takes a huge bite, so better not to exchange large amounts all at once, and start traveling and exchange some on each trip.

Happy New Year to all, Mike

I'm wondering whether it will be possible to take it to the Middle East
and bank it there & get a current account + cash card ?

Possibly exchanging some into sterling, euro's or even dollars to bring
back for my travels.

I found this site interesting. I'm sure I found it here somwhere reading through posts. sorry if it has been posted before.

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