Fairways&Greens

I agree. They are not going to change the rate back to last year levels. They must stay the course and see this through. Then they can open up the way for an RV/RI. These politicians are just angry their corruption has been taken away from them via the auctions.

Taxes will be there one way or another; but Iraqi Dinar is not my job, so it is not regular income. It would be capital gains tax on investment if I understand correctly. I’ve got enough Dinar that if taxes are high, I’ll still come out happy.

I believe you are correct. Makes sense, but it’s not something I think about, unless the rate is $1.00 and they only pay .95 or .90, then I’m gonna start barking. Lol. Bankers are greedy. I’ll do my due diligence before running to the bank.

I was just at my bank 10 minutes ago (Wells Fargo). Asked if there are any fees to exchange foreign currency. Answer is no. Rates fluctuate every day, but they don’t charge 1% or 2%. It’s a basic transaction like purchasing a cashier’s check. No fees. I don’t understand all this fear about the bank “getting their piece of the pie” nonsense.

I understand return on investment to be capital gains, not income. I sure hope capital gains is not 35%!

Tiger Woods was the host for the Genesis Invitational at Riviera (Pacific Palisades) last week. He was on his way to shooting a media event at another LA Country Club with Dwayne Wade and David Spade this morning, so...definitely in CA. This is not a rumor. Just turn on your TV or social media. It’s everywhere.

Yeah, they definitely put things on hold for a snow storm in TX. 🤣 Stop spreading this nonsense.

I’ve been thinking this same thing since they stated the budget must be approved/voted on within 2 weeks. It feels like Iraq is done with the budget, but they are saying they still have a few outstanding items before complete so they can stall or stay in a holding pattern while they receive direction from the alphabet soup financial institutions. Timing of an RV is not solely up to the CBI. The CBI must follow cues and pull the trigger at the right time. GO RVVVV!!!!

My apologies. 🤭

Carrello the first paragraph is spot on. You sir win the DV perspective of the day! Iraq doesn’t care one iota about Dinar investors hopes and dreams. We don’t have to care about Iraq’s progress as a nation to invest, but we can’t get our panties in a wad when Iraq takes their sweet time on this. It’s not about us over there!

*** Jeff *** “there were things I've taught you guys in this but you didn't apply it...how many of those articles did you see? Only one. Nothing more. I've taught you that you need to see more than one.” Dripping with condescension. 😆

3 years is smoke. Iraq will implode if they keep the rate where it is for 3 years. Not possible.

Iraq’s fiscal year is January to December...

U.S. has played a big role in supporting a stable Iraq and infrastructure and that is about the extent of our involvement in it. When it comes to their currency, it is up to their central bank and government to implement reforms that will lead to an RV/RI. Even then, the IMF and other world financial organizations play a role in what Iraq can and cannot do—and we’ve heard a lot of good chatter recently about that. I think we are very close to a big change.

Me too! 🙋🏻‍♂️