Thread: Go crazy in here!!!

Originally Posted by Caddieman

Even if this thing does RV(and no telling at what rate, but that is for a different thread) we are not going to be able to go down to our local bank and cash in our Dinars. Article VIII has not passed yet and no telling when it will. If is does RV it has to be internationally traded to cash in unless you are in Iraq!

Articles of Agreement: Article VIII - General Obligations of Members
(a) Subject to the provisions of Article VII, Section 3(b) and Article XIV, Section 2, no member shall, without the approval of the Fund, impose restrictions on the making of payments and transfers for current international transactions.

Walk in to your local chase bank, and they will sell you dinar and they will BUY/EXCHANGE your dinar

Originally Posted by RollsRoyce

I saw posted elsewhere that dealers sales have dropped off / to almost nothing now that JP Morgan / Chase and other banks sell NID . . .

I figured that would happen in the US anyways. But else where in the world they still have buisness until Financial Institutes get establish in those parts as well. Thats why we were hearing of the scams going on in these parts of the world. People were taking advantage of others cause they had no where else to exchange at.

But it is all coming to a end. r/v will shut 95% of it down. there will still be some like safedinar that will exchange for awhile aslong as it is thought that it will continue to rise and they can make a profit from buying then either reselling are exchanging them selves. I am sure there is others, but in the US the Banks will prevail here.

Originally Posted by Caddieman

Even if this thing does RV(and no telling at what rate, but that is for a different thread) we are not going to be able to go down to our local bank and cash in our Dinars. Article VIII has not passed yet and no telling when it will. If is does RV it has to be internationally traded to cash in unless you are in Iraq!

Articles of Agreement: Article VIII - General Obligations of Members
(a) Subject to the provisions of Article VII, Section 3(b) and Article XIV, Section 2, no member shall, without the approval of the Fund, impose restrictions on the making of payments and transfers for current international transactions.

Darn it, I was hoping to have a redneck party this weekend. Oh well, guess I'll just have to wait.

Caddie, I suspect Aeticle 8 is met already, just waiting for Iraq to announce the good news to the world.

Originally Posted by jsfletcher

Walk in to your local chase bank, and they will sell you dinar and they will BUY/EXCHANGE your dinar

What will they do if it RV's I bet they stop!

Originally Posted by cigarman

Caddie, I suspect Aeticle 8 is met already, just waiting for Iraq to announce the good news to the world.

I agree I think it has been met but It has not passed

Originally Posted by Caddieman

What will they do if it RV's I bet they stop!

already discussed this with the bank manager, who is begging me to open an account

See, sometimes even when you don't know what you are doing something good happens. I can came in here and was just asking questions about which I didn't know much, ans see what happened - I made senior member. Hooray!!

Originally Posted by jsfletcher

Walk in to your local chase bank, and they will sell you dinar and they will BUY/EXCHANGE your dinar

This is called International Exchange.

Originally Posted by jsfletcher

already discussed this with the bank manager, who is begging me to open an account

Aswell as Wachovia and My Bud's at Wells Fargo.