Thread: Iraq/Dinar News. 09/05 to 01/14/07

Originally Posted by Caroline

The RV won't necessarily mean that it's traded on forex, will it? If not, how will those of us who don't live near a Chase bank exchange our money? I have a Bank of America account, but we're assuming that they won't trade dinars until its on forex.

It's not likely to go on forex without being revalued first, is it?


Caroline

There are two options. One is the currency is fully tradable on the forex or some other exchange. This seems to be the EVENTUAL goal. But other consideration is that they adopt another "peg" for a period of time and reeval the currency at a level that will give the iraqi people increased purchasing power. Both options are GOOD for us. Once we see how they handle this RV (And I think we are close) we'll understand what steps they might take next. In either case, when and not IF it RVs, and it is enough for us to "take it to the bank, and there wil be banks") then our next step will be an RV party in Caymans.

Originally Posted by Caroline

Hmmmm....well, I live in the southern part of the U.S. and there no Chase banks
in this region. Will have to hope Bank of America will wise up!

Caroline

Caroline,
If need be, I will fly you here and take you to my local Chase. I am sure that they will not turn away your business! I don't even have an account with them, but they take care of me anyways.

Originally Posted by choochie

Caroline,
If need be, I will fly you here and take you to my local Chase. I am sure that they will not turn away your business! I don't even have an account with them, but they take care of me anyways.

How very kind of you, lol! But I will just assume that Bank of America will change their tune. I'm about 2 hours away from an international airport, so maybe the exchange there would work, too.

Caroline

Originally Posted by Caroline

Hmmmm....well, I live in the southern part of the U.S. and there no Chase banks
in this region. Will have to hope Bank of America will wise up!

Caroline

Free Checking Offer

Look for the closest Chase. They are pretty much everywhere, or at least close enough to get to. I will walk and pull a lil red wagon if I have to...

Originally Posted by Lakeway

Free Checking Offer

Look for the closest Chase. They are pretty much everywhere, or at least close enough to get to. I will walk and pull a lil red wagon if I have to...

Unfortunately (at least for this situation), not all banks exist everywhere. For
instance, you will not find Wachovia up north. And down here in the deep south, you will not find Chase. Bank of America moved into this region only several years ago. We also do not have Wells Fargo.

Caroline

Originally Posted by Caroline

Unfortunately (at least for this situation), not all banks exist everywhere. For
instance, you will not find Wachovia up north. And down here in the deep south, you will not find Chase. Bank of America moved into this region only several years ago. We also do not have Wells Fargo.

Caroline

No Chase Bank in GA that I can find, but we do have Bank of America. I'll go home to NJ if I have to for a Chase Bank.

Originally Posted by Caroline

Unfortunately (at least for this situation), not all banks exist everywhere. For
instance, you will not find Wachovia up north. And down here in the deep south, you will not find Chase. Bank of America moved into this region only several years ago. We also do not have Wells Fargo.

Caroline

I have had an ongoing dialog with a vp of Private Banking at my local B of A. He stated that since this could quite possibly be a very volatile currency in the first 6 months, the U.S. could conceivably "appoint" ONE bank to handle it rather than several being able to get in on it. In other words, he wasn't really sure that B of A would want to handle it once it's a world currency. Posted this for what it's worth.

Originally Posted by Caroline

Unfortunately (at least for this situation), not all banks exist everywhere. For
instance, you will not find Wachovia up north. And down here in the deep south, you will not find Chase. Bank of America moved into this region only several years ago. We also do not have Wells Fargo.

Caroline

Caroline,

My family in Georgia is having a difficult time finding a bank there. I first thought you were in Texas, sorry.

Originally Posted by DinarDarling

I have had an ongoing dialog with a vp of Private Banking at my local B of A. He stated that since this could quite possibly be a very volatile currency in the first 6 months, the U.S. could conceivably "appoint" ONE bank to handle it rather than several being able to get in on it. In other words, he wasn't really sure that B of A would want to handle it once it's a world currency. Posted this for what it's worth.

Interesting....Guess I might have to do some traveling.

At least, at least I would be able to AFFORD some traveling!


Caroline

I read somewhere that there is a Chase branch in St louis. Does anyone have any info as far as location or contact info on this? I tried searching for one but none showed up in MO.
Can anyone help me?
Thanks