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TNT CHAT UPDATE: VALUE OF IRAQ DINAR, 27 JUNE
Friday, June 27, 2014 15:26
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TNT CHAT UPDATE: VALUE OF IRAQ DINAR, 27 JUNE
TNT:
HISMONEY: Tony and DC,
If the Dinar is going to have greater value than the USD wouldn’t I be wise to keep a large percentage of my currency in Dinar rather than to cash out for USD?
Then exchange more as I need it?
Thanks,
His Money
SUNDANCER: Good question
HEREWEGO:It’s all in perspective because as the USD goes down in value,
our exchange rate will be higher for the IQD.
FOXY56:The devalue of the dollar is not expected to last more than 6 months.
RVDONE: Also, IMO, the 3 zero notes won’t be honored for much longer after the revalue so watch carefully if you are holding them after.
DINARDREAMER: Well said Foxy.
Rv happens then the GCR immediately follows, this makes the Dinar worth $5.00 or more because the dollar drops in value.
So we get more Dollars but our purchasing power drops as well. However our economy gets a boost and the Dollar goes back up along with our purchasing power.
Win win situation for us “In the know”. Other Dinarians that don’t understand this will spend a lot immediately when the purchasing power is less.
So don’t go crazy spending right away, it could really benefit you.
MICAH68:That would make sense only if you believe the value of the dinar would continue to go up and not settle downward. Also the contract rates are limited. I think we’ll get the most bang for our buck at the initial exchange.
SPIRITBEAR: You can convert the bills into digital IQD by open a Currency account where you hold IQD. Normally bills expire after 6 month. There is a law in place or at least an announcement from the CBI.
Source: http://nesaranews.blogspot.com/2014/06/tnt-chat-update-value-of-iraq-dinar-27.html
