dinars4me2

Thank you Nelg; this let's me breathe a sigh of relief and your reply is very much appreciated!

I'm assuming Hawaii is included "within" the USA; if I get questioned about it, is there anything that I SHOULDN'T say?? At this point, it's not worth much (USD exchange rate), so I was thinking of just saying it's a private currency collection?? I just don't want any trouble in case they accuse me of terrorist money laundering, etc. (if you know what I mean). If I mail it, I don't think currency is insurable?? Correct me if I'm wrong.. How do I approach TSA and what exactly do I say? Sorry, I'm just a little worried as I will have my young child with me and don't want any trouble...

Thanks for the reply, Aqua Dude...is the 10,000 based on the current exchange rate IQD = USD? Or just 10,000 worth of dinars?? And if I have to claim, do you know how I would go about that?

I will be moving soon (within the U.S.), but will have to take a flight to my destination. This may have been addressed on a different forum, but I am not sure...are we allowed to take dinars in our carry-on baggage?? If so, is there a limited amount? And do I have to declare it or take additional steps beforehand by notifying TSA, airport security, etc.?? If anyone can shed some light on this, I would greatly appreciate it! Thanks in advance for any clarification : )

Does anyone have information regarding which dong denomination is better to have on hand...100,000.00 vs. 50,000.00? Circulated vs. uncirculated? Or does it matter?? Any insight would be great appreciated!

Diamond4me, I got the same email from Chase...I just find it kind of odd that they would shut down for 2 days straight...usually, maintenance only takes them 24 hours or less?? I have never recalled them ever shutting down for this long

What a heartwarming story, Heavyduty053...thanks for sharing it!!

Thanks again for your feedback, 'drummerboy'...I believe one can never be too educated on any one subject, so I appreciate your discussion on this particular topic; if anything it helps me to understand both sides (pros and cons). Anyway, good luck to us all and may this RV happen soon!

Thanks for your response, drummerboy...from what I understand, with irrevocable trusts, you cannot make changes (modify, remove, add, etc.) to your trust once it is created. However, with a revocable trust (living trust), amendments can be added whenever the grantor chooses (as long as they are still living). Also, most trusts automatically convert to irrevocable trusts upon the grantor's death. So, I suppose one should consider their own situation and decide which route to take because everyone's needs are different. My husband and I are young, so it didn't make sense for us to do an irrevocable trust because we decided that changes, modifications, and additions would be expected as we got older (became more financially stable, etc.). Plus, I was not too keen on giving up control of all my assets, especially if I am still alive. I am sure this is something your estate planner/attorney would discuss together with you so that you can determine which would make the most sense for your family.

Carrello, +1 for taking the time to show your appreciation and for your sincerity...this world could use more people like you! Kudos

Thanks so much for your response, GG. Yes, we have a revocable living will trust 'on paper' only, meaning we have not assigned any of our accounts to the trust as of yet. However, our trust also includes a 'pourover will' (comprehensive transfer document) which (to my understanding) catches any and all assets that my husband and I have that we have failed to include in the trust and transfers it to the trust (should we become deceased) which in turn gets distributed according to the parameters of our trust. In the meantime, I'm assuming that we should open a non-interest bearing account (so our funds are FDIC insured) in the name of our trust when the IQD RVs and take a monthly dispersement to lessen our tax liabilities?? Or, will our post RV money still taxed regardless if it's in our trust or not?? I think I just confused myself even more

GG: We already have a family trust, so does this mean that in order to fund it, we would need to open an account under the trust's name and then we can deposit our money (post RV)? In doing so, will this benefit us in any way by allowing us to pay less than necessary taxes?? Also, if we already have a trust, is it necessary to also create an LLC? I know you say you are not an expert, but if anyone can clarify this in any way, I would really appreciate it...just trying to understand how all this works...

Hahahaha! This is hilarious...I love it!! +1 for you for being so practical! LOL

Can someone please explain to me if I am understanding all this correctly: This explains that the new currency that will be introduced will be 100 denoms or less. So, sounds like if you have anything higher, you will have to exchange and replace with their new smaller denoms or cash out. Not sure what the rate will be, but my guess is that it will remain the same as it is now, and then slowly they will increase (RV) it (maybe after the deadline to cash in or turn in your larger denoms) and eventually, the rate will be close to the pre-Iraqi war rate of $3.22. If they put a time limit to turn in/cash out our larger denoms, then we might be screwed, but if not (make our larger denoms co-exist with the smaller denoms, but same rate) then we can simply hold onto our larger denoms until they gradually increase the rate. One way or the other, they are definitely phasing out the larger denoms; how it all plays out, will be anyone's guess. Let's hope for the best...I have a feeling we won't be waiting much longer to find out...

That would make more sense to me, too KNOW B.S., but here's to hoping this is somewhat related and possibly a good sign for us all Thanks for your reply!