Posts Tagged ‘Trade Bank of Iraq’

Trade Bank of Iraq Joins Thompson Reuters

Many have speculated that this week, even today, could be the day for an announcement of the dinar revaluation.  Once again, so far it’s quiet.  However, do not lose heart.  As I’ve mentioned before, and what we all know, is that it definitely will happen, it’s just a matter of when.

The progress achieved in Iraq, just in the last several months, coupled with the recent publicity around the dinar as an investment is very encouraging.  As always, I will be monitoring this and keeping you as informed as I can.

Below is good news about the Trade Bank of Iraq posted in comments under “Dinar RV Update” by a fellow reader/investor.   I thought I’d also post it here as well for those who may miss it there.

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Posted by Cherilynn on November 25th, 2009 23 Comments

Possible Dinar Revalue Rates

Here is some good information about the dinar revalue rates from one of my sources.

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Over the past few days, I have been getting all kinds of questions regarding the various RATES that could possible occur when the RV happens.
I have spoken with Ali a few minutes ago. . . . wanting to confirm the various rate spreads that we keep hearing about.
Ali’s advice is to check with everyone, and cash in with whomever gives you the BEST Rate.
However, when figuring out who may potentially have the BEST Rate, the banks all have to sell their Dinar to the Federal Reserve Bank, who sells to the Trade Bank of Iraq, etc.  Obviously, each time there is a transfer of money, that bank and/or agency is going to get their cut of profits.
Ali said he sells Directly to the Trade Bank of Iraq. . . .no middle men/banks involved.  So LOGIC says that Ali’s Rate should be the BEST Rate.
However, I totally leave this decision at your own discretion.
In order to gain a ‘boat-load’ of business, some banks may consider giving their customers a HIGHER rate, so please keep this in mind as well.
FYI:  Ali will only do business during NORMAL Business Banking hours for banks, meaning Monday – Friday.
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Posted by Cherilynn on August 10th, 2009 8 Comments