Mike0285

For most of the people here, I don't think it's a matter of WHERE you're able to exchange your currency, as it might be HOW MUCH will they deduct for the exchange? For example, varying banks may very well have varying currency exchange rates and fees. It's up to you to decide what works for you. I purchased my Dinar from DinarBanker. I was impressed with their comprehensive and informative website regarding the purchase, security, and exchange of the IQD. I would recommend reading their FAQ page, as it provides a lot of great information regarding the entire process. In specific, they answer the following question: Dinar Banker FAQs What rate will you be using to exchange at the time of revaluation? "We will be using the CBI (Central Bank of Iraq) buy back rate. That will be the same rate all banks and MSBs (Money Service Businesses) use to base their exchange rates and fees. Additionaly, we expect to have the lowest exchange rates in the country." They also mention that they guarantee Iraqi Dinar buyback, and "although market rates typically fluctuate, we generally buy back at 97% of the Central Bank of Iraq rate." I also spoke with a representative from DinarBanker over the phone and inquired about their exchange rate. The representative told me that they not only expect to have the lowest rate in the country, but that they would match the lowest rate out there. Not sure how much validity that holds, but that is what I was told. Either way, I think it's important to make an educated decision that best suits you when the time comes to exchange your IQD for USD. Everyone has different preferences and situations, so what's best for one may not be best for another. Hopefully this post helped some of you! If you've heard anything similar, or any information on varying rates, I'd love to hear it. God Bless!

bluejay....what are you embarassed about? you made an investment. with any investment comes a level of risk. personally speaking, if i can't live with the level of risk that i'm taking, i won't take on that risk! it's as simple as that. just have patience, and wait until things have had a chance to play themselves out.....then you can decide whether to feel embarassed or not! there were never any guarantees with this type of an investment, so the best thing you can do is just sit back and wait.....you have nothing left to lose, and everything to gain. hang in there!

Hey crack....I'd just like to thank you for starting this thread...many people can relate to it, and I'm sure most of us have encountered similar thoughts at one point or another. It has become a thread of encouragement and optimism. Things are never certain in life...nothing is ever guaranteed to us. It's EASY to be discouraged...and it's HARD to be optimistic....but if you can weather that tough road, it will pay off in the end.....the people that are successful in life are the ones that don't give up. Even when it seems that you have nothing left to lose, you can find that you have everything to gain! I'm a man of faith.....I'm Catholic.....and taking it a step further, I give it up to God and ask for His guidance. Through Him, ANYTHING is possible. So hang in there, and stay positive. Patience is the great test here. Logic and common sense tells us that SOMETHING is going to happen with this Dinar....the only questions are WHEN and WHAT. Irregardless of when it happens, or what happens to the value, I'm confident that we won't be disappointed when it's all said and done. That's my belief.

This is great news! Stability in the region will depend on tolerance and freedoms of multiple religions. They must be able to coexist to promote stability in the region...all great signs of progress for Iraq! Thanks for the information!