i wouldn't mind an opening of a .10 exchange rate, but don't you think that if it were that low everyone would start buying dinars since it's still afforable to buy? I think that a 1 for 1 or higher would minimize people from buying additonal dinar since it would cost them equally a dollar to the dinar?
actually I think that if you hold onto the dinar for more than a year then the capital gains tax would be 15% and not 35%, if that is the case then i would rather pay the Capital Gains tax since it would be alot cheaper for me than paying ordinary California income tax. I've had my Dinar since 2004 so i'd rather pay theCapital Gains tax...
First off if this was a scam there would be more states and not just Utah to list the dinar as a "SCAM" second is "Presidential Order 13303" which allows us to invest in Iraq including their Monies and lastly if this was a scam the "Department of Treasury" would not allow any company to sell the Dinar to the U.S Population legally so IMO this is crap...bet you once the RV happens they will still TAX the crap out of your earnings even if they considered it a "SCAM"!!!!!!
Hey TREW please read below...
"That means that 1,000 IQD (pre-redenomination) and 1 dinar (post-redenomination) will both be worth the same amount in US Dollars."
I believe this means that it should still be worth the same...nothing to worry about hopefully.