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!

Martin Crutsinger, AP Economics Writer, On Monday June 20, 2011, 8:02 pm EDT WASHINGTON (AP) -- The International Monetary Fund said Monday it will interview the two leading candidates for the top job at the 187-nation lending institution this week with the goal of naming a new chief by June 30. In a statement, the IMF said that Agustin Carstens, the head of Mexico's central bank, will meet with the agency's executive board on Tuesday. French Finance Minister Christine Lagarde will be interviewed on Wednesday. Lagarde is considered the front-runner for the position to succeed former IMF Managing Director Dominique Strauss-Kahn, who resigned last month after he was charged with sexually assaulting a New York hotel maid, an allegation he denies. The IMF said that its 24-member executive board will meet on June 28 to pick a new managing director with the aim of completing the process by June 30. The IMF said that Carstens and Lagarde will be able to present their views on issues facing the IMF during their separate meetings with the board. Their prepared statements will be posted on the IMF website following their interviews. The two candidates will also meet in the coming week individually with the 24 officials who sit on the IMF board. Carstens, who was in Washington last week, met with Treasury Secretary Timothy Geithner, who is expected to meet this week with Lagarde. The United States, which controls the largest number of voting shares at the IMF, has yet to endorse a candidate. In an interview last week, Carstens said that he knows he faces an uphill battle against Lagarde, who has received solid backing from European nations. But he argued that he is the more qualified candidate and that it is time to break the tradition of always having the IMF headed by a European. The IMF's sister lending institution, the World Bank, has always been headed by an American. The two organizations were created following World War II. Lagarde is a lawyer by training while Carstens holds a doctorate in economics from the University of Chicago. China, India and Brazil, three fast-growing emerging market countries, have also argued that the IMF process for choosing its leader should be more open. But none of those nations has so far come out in support of Carstens. Here is the link: http://finance.yahoo.com/news/IMF-says-hopes-to-name-new-apf-3672703704.html?x=0

Yes, but most of us hold dinars in large denoms (mostly 25K bills), so the smallest amount we can exchange at a time is 25K, so depending on how they define 'large amounts', then it still doesn't look good for most of us (unless, of course, we cash in outside of the U.S.)

It's unfortunate that a few rotten apples have ruined it for the rest of us Thank you, Scooter for your devotion to this site, your sincerity, and sharing your knowledge and research with us these past years. Many blessings to you and your family! I hope you will humble us with your presence every so often if you come across anything worth sharing. You will truly be missed, but not forgotten!!

Any positive gain would be a blessing and appreciated...if it comes in high I can breathe a sigh of relief, but if it comes in low, I will have to roll up my sleeves again and jump on the next big investment

Thank you RodandStaff for taking the time to answer my questions and giving me a solid explanation...now, I see the light!

I don't come here often, but lately I have been because of all the news/hype, etc. Anyway, could someone please explain why the release of smaller denoms is a positive thing for us dinar investors (i.e. an imminent RV)? Maybe I have missed previous posts regarding this, so please forgive me if I am asking a redundant question, but I can't seem to relate the two; at least not logically. Not bashing, just wanting some serious clarification. I woud appreciate any feedback so thanks in advance for your consideration!

I agree with you 20millionDinar...this scenario is not so outlandish. Sometimes our tendencies as human beings only allow us to think of things in a logical way, and thinking "outside of the box" is not necessarily perceived as acceptable in today's society. I've always thought that cashing in would not be so 'cut-and-dry' as everyone would like to believe and I applaud you for being brave enough to come out and open it up for discussion. I'm curious to know from Adam if he has looked into this yet and whether or not his VIP members could benefit from this scenario?

Thanks for the warm welcome, TQueezy...I'm hoping to add more of my two cents in every now and then, but also trying to keep my nose clean from all the "politics" on this sight ( I considered this a safe topic)

I'm thinking $.30 - $2.65/ after June 30th, 2011. Hoping they will RV BEFORE they LOP; however, I'm more inclined to think that they may LOP first and give us a time frame to exchange our larger denoms for smaller denoms and then after that time frame, slowly increase the value of the IQD (RV); meaning we may not see the large return we all had hoped for. Of course, those who hold smaller denoms (without 3 zeros) like maybe the dealers, would be making out like bandits. Anyway, just my opinion and nothing to back it up, so please no bashing. This is one time, I do hope that I am wrong, though! My first ever post but I have been invested for almost 7 years now, so not a newbie to this investment, but a newbie to the sight