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Why can't a bank employee own dinar? Who would even know? They can buy and cash in anywhere.

Iraqi Dinar TEMPORARY PROGRAM SUSPENTION As of Friday July 15, 2011 we are temporarily suspending account opening for the purpose of exchanging Dinar. If you already have an account with us we will exchange your Dinar. All new accounts opened after July 15, 2011 will not be eligible for exchanging Dinar. We are currently re-evaluating the structure of the program. General Information Please note that currency exchange is not our primary business and the majority of our regular banking transactions are handled through our Internet banking services. Therefore, we are not staffed to handle a high volume of branch traffic. If you are with a group of several people that will be bringing in Dinar you must call to make an appointment before coming to the bank. At any time, the bank reserves the right to suspend, limit, or cancel our Dinar exchange program if it hinders our ability to provide our primary banking services. Frequently Asked Questions Do you have the DeLaRue machine to check for counterfeit foreign currency including Dinar? No Do you handle Iraq Dinar? Yes, only for customers who live in Hawaii What is the Current Exchange Rate? 0.000813 as of 07/15/2011 How much can I sell to Pacific Rim Bank? We will not exchange Iraq Dinars from a non-customer. There currently is no limit for Pacific Rim Bank customers. Can I purchase Dinar from the bank? No What will it cost to exchange Dinar? In addition to the spread on the exchange there is a $5.00 per transaction fee. The minimum to exchange is $300.00 US dollars. If the order is below $300.00 US, there will be an additional $10.00 small order fee. The total fee would then be $15.00. Who can I contact if I have additional questions? Please do not call the branch. Please contact Michael Sasaki, SVP & CFO at michael@pacificrimbank.com Procedures for exchanging Dinar: 1. You must be a Hawaii resident to exchange Dinar with Pacific Rim Bank. 2. You must have an account opened on or before July 15, 2011 with Pacific Rim Bank to be eligible to use our exchange services for Dinar. 3. When you are ready to exchange your Dinar, you can visit this website for the current exchange rate. Please do not call the branch for the exchange rate. You will be referred back to this website. Once you come in to the bank, you will get the rate available on that day. 4. The bank will take your Dinar and give you a receipt for the exchange. We will then send your Dinar to be verified at our currency exchange processing site on the mainland. It typically takes 24hrs for verification but if there is a large volume of Dinar, the verification process may take longer, even up to a week. However, your exchange rate will not change. You will get the rate that was available on the day you gave the Dinar to the bank. 5. Once the Dinar is verified, the bank will be credited for the Dinar and then we will credit your account at the bank. We will credit your account the same day that we receive credit for the currency.

When they are fully lifted then yes they could but why would they? They will have tradeable currency then. does A tradeable currency mean a RV? I'm just saying why would a country go into debt to RV thier currency when they could trade their oil for a while and build up production to increase thier wealth and then RV.

speculatorsRIDE , Good points. But once the sanctions are fully lifted could they not trade goverments thier oil for construction projects and wait to RV when they are a little more stable? They could give a country oil and the country would then compensate whoever won the contract.

If it is a myth then is it also a myth about the smaller bills? Why would they be ready to introduce them if they are still printing the larger denoms or not reigning them in?

Although I still think it might be awhile before a RV. I do have to wonder why they would be ready to put out smaller denoms and keep it at 1170.

I,m not sure. But why couldn't they just trade oil for the things they need and then when they become more stable as a country RV? I wish it would happen tomorrow but I'm just thinking it might be awhile.

I am not even sure that they need a tradeable currency to enter the WTO. Here is a reply to a email I sent them. I removed non important info. From Sent: 29 March 2011 17:50 To: Enquiries, WTO Subject: Re: admission My name is Ken and I was wanting to know if a country needs a international tradeable currency to be a member of the WTO? As in Forex. Hello, Thank you for your recent enquiry. We suggest that you look up Article XV of the GATT 1994: http://www.wto.org/english/docs_e/legal_e/gatt47_01_e.htm We hope this is helpful. WTO Enquiries From: Sent: 29 March 2011 17:50 To: Enquiries, WTO Subject: Re: admission What I got out of reading the article was that a country can also trade goods (as in oil) and does not nessisarily need a tradeable currency. So I have to wonder if they really need to RV anytime soon.

Adam, with your contacts do you know if the smaller bills were printed? And would they have to be released prior to a RV or at the same time of a RV? Thanks