Thread: Nat West limiting Dinar purchases

Just got off the phone with the Nat West foreign currency services, I was trying to buy additional Dinar for a friend but they informed me that I had reached my limit! I asked him what he meant and apparently they are not allowing purchases over £2500 within a 90 day period so I couldn't have any more as I would go over the limit due to previous purchases.

He then tried to tell me that he had to warn me that there is a scam going on involving the Dinar and that people have been convinced that they are going to make at least double their money when the reval happens and it's just not going to happen (had to smile to myself at that point)

I got the feeling that he was reading off the screen and these were instructions from the top. It's the first time they have said this and I have spoke to them quite a few times so my guess is that it's a new instruction.

My question is, why now? they were only too happy to sell it to me up till this point.

The limit on buying dinar could very well be genuine for all currencies, I couldn't be certain as I have never bought that amount before. If it's true then fair enough. But what's with the warnings all of a sudden? Are they trying some scare tactics to drive off potential buyers so they can keep as much as they can before an imminent RV?

Maybe I'm reading too much into this but it did seem strange.

Any thoughts??

Steve

Anything is possible with this crazy dinar, but you could be on to something, the trend in the next few day's/weeks could be negative reports in the news I just hope they don't involve anymore negative security reports, those I don't like to see!!
Thanks.

hmm, i wonder if that person had read that old report on dinar being a scam, sure is interesting though, i wonder why they have that limit?

Originally Posted by rvalreadydang

hmm, i wonder if that person had read that old report on dinar being a scam, sure is interesting though, i wonder why they have that limit?

It's a new one on me but one thing did go through my mind, many people have already purchased more than that amount in the last 90 days, maybe it's a preventative measure to stop a rush of buying at the last second. That's pure speculation of course but I just don't trust the banks and their motives.

Steve

The limit of £2500 applies to all the currencies sold by Natwest. Try placing an online order for other currency over £2500. It will pop up saying that the limit is £2500. So, I don't think it has any specific limitations on the dinar.

However, this limit is for a single transaction and as far as I can make out on their website, doesn't apply to subsequent orders. I even went through the T & C's to see if there was a caveat but couldn't find any.