theDude

hello everyone. im thinking of getting the debit card, but i have a couple of questions. 1. is the debit card linked to the usd account, the iqd account, or both? for instance, if it uses the usd account, will it automaticaly pull money from the iqd account to cover money, or do i need to pysicaly makeshure i transfer enough money to cover the account? 2. can you use it anywhere like you can a normal debit card, like walmart,gas stations, fast food chains, or is it basicaly a atm only card? oh yea one other thing, do you get charged fees everytime you use it?

im shure that there are thousands of troops at these bases, if this was fact, there would be hundreds of soldiers posting right now, all saying the same thing, yet other than this post, all silent.

i used to think that a warka account was usless, but i went ahead and got one a few weeks ago,because im thinking of investing some in thier stock market. anyways, its easy to set up. if yourworried about loosing money in the bank, dont put a lot in, me i only have 300,000 idqs in there right now having an account will somewhat protect you from current issues.and gives you some options 1. iraq comming out at a sub penny, or realy low rate, and forcing you to turn in your bills by a certain time. at which point they then raise the rate, or let it float. you can cash in you physical money to live on for a few years while the money in the account is safe and will recieve the higher rate, or if you are reqired to cash in your bills, you can wire your forign currency in dinars to the bank. so it does give you options. as far as security, this bank has been around for years, many people on here have a account. i have not heard of one person getting screwed. look at the banks here in the us. we have already went throgh a decade where are banks failed. many are failing today. and many more are opting out of fdic insurance. in the end its realy up to you. personaly if you already have a couple million in pysical dinars, and your going to spend some mony on some more, why not go ahed and get an account and put maybee 300-500,000 in? oh yea you cut out the middleman when you get an account so any dollers you transfer into your idq account gets the full 1170 rate

hello everyone, i finaly got in contact with warka have gotten my accounts set up, thanks everyone for helping me so far. now i have some funding questions. 1. i have 2 accounts, the usd account, and the idq account. when i wire transfer the money , which one do i need to send it to, or does it matter? for the first wire transfer. i used the idq account, so i assume it will atomaticaly be converted into idq correct? or do i need to send it to the usd account first, and then have it transfered to the idq account. 2. where are the bank charges and minimums for the accounts posted? i saw a page on the warka site that listed charges, but i didnt see anything that had to do with the monthly charges for the accounts. maybe i missed them. 3.i know from what ive heard the minimums were 150 for the us account and 300,000 for the idq account. what happens if they fall below this? am i just charged a monethly fee like a us bank charges when it falls below a minimum? im only able to fund it a couple hundred at a time, so it will be a month or so till i can get up to the minimums that have been stated. if at all possable im gonna concentrate more on the idq account, so if i can get away with leaving maybe 20 bucks in the us account, and keep everything else in the iqd account, that is what im aiming for. 4. i wired the first 100 dollers today, how long does it take normolly for the transfer to appear in my warka account? my banker said that i will see the transfer hit my bank account tomorrow, but it was up to the warka bank on when it is credited to my warka account. 5. the banker said that i could wire transfer any currency (at the time, he didnt relize it was iqd so im not shure if he was talking recognized currencies) as long as it wasnt on some list. but he recomended not wire transfering a forieng currency, because it took much longer to transfer. has anyone wire transfered their physical iqd into their warks account? well thats all i got for now.

where do i get ahold of his email? i found it, nevermind

ok, thanks, one other question, how long does it take to respond, its been 4 days now, and not so much as a email notifying me that they have recieved anything.

the warka website mentions i need to provide a passport or other govt document... is a state drivers license acceptable?

2 things you need to consider.... 1. most money transactions in the us are credit/debit transactions, so we dont reqire alot of phyisical cash. iraq on the otherhand is the exact oppisite. most of thier transactions are cash based, so they need a lot of money on hand. if you were to put the us in iraqs shoes, and drop all bank accounts, we would reqire far more than 22 trillion in cash currency. 2. as we cash in our dinars, a large portion of the big bills will be taken out of circulation and turned into electronic digits in an account. on another note, imo just because it sais 22 trillion, doesnt mean there is 22 trillion actualy in circulation. no one knows how much is just laying around in our, and govt safes. i dont realy consider this in circulation. nore do we know how much money is sitting in bank safes in iraq, that hasnt been released to the public, or how much is in the lower denom bills that have been printed, that also havent been released yet.

i don't know if this is correct or not, but once i asked this question in chat, and a guy that seemed to know what he was talking about, explained it something like this. SA, while a single kingdom is divided into many smaller kingdoms ruled by very rich and powerful sheik families. some of which are as powerful as the rulers of SA. most of the oil money goes to these sheiks, not to the goverment.. remember these sheiks are very rich and powerful. some could challenge the throne if they so desire, so the sheiks in rule tread lightly when taxing them. so much of the money stays in these shieks accounts abroad and not going into the local SA economy. and that's why SA, quator and these other sheik controled countries are a lot lower compared to the kiwate which is a country with state owned and controled oil.

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he said it was announced in iraq? come on this would have been verified by now if true.

if any currancy is ripe for a lop,it is the dong. they have battled massive inflation for years, and they dont have huge amounts of oil to bail them out. when the dinar rvs, im gonna buy at most 1000$ worth of dong, just in case, but im pretty shure it will lop before it goes to the 5 cent mark.

this means nothing, the dong is a long way off from rving, maybe even years with a probable lop. in fact it just got through devaluing in febuary and had 3 devaluations since 2008. does this sound like a currency fixin to rv?

if singapors .02 rv change made fox news as it happened last week, im shure iraqs rv will make it as it happens