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Da Teets

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  8. Time to breathe.......again.

    in Opinions, Perspectives, and Your Two Cents on the Iraqi Dinar

    Posted

    RSS - I couldn't have said it any better myself. I've had dinar for 2 years and been on this site for about a year now. Last summer when I first started reading up on the DInar, I spent way too much of my time getting excited over what turned out to be nothing. I too have invested only what I could afford to lose. I am done with checking the news all of the time to see what's happening now. I've decided that it's much more important in life not to lose time...because you never know what each day will bring. I do come on once a day and read what's going on, but that's about it. If it hits, Adam will text me and let me know. Otherwise, I'm just enjoying life. Wishing you and everyone else wonderful days ahead,,,RV or not. B)

    • Upvote 1

  11. Bank Story at Rotary Meeting

    in Opinions, Perspectives, and Your Two Cents on the Iraqi Dinar

    Posted

    All right people, I dug a little deeper.

    I do appreciate the civil responses on this thread. And those responses caused me to make 2 phone calls.

    First call was to Wells Fargo in my town. I asked for 3 different currencies. Saudi, Kuwaiti and Iraqi. I asked for those in relation to the TD Bank list. The Iraqi was our focal point. The Kuwaiti Dinar also did not appear on the list, but the Saudi Riyal did. The Kuwaiti and Saudi currencies were my control tests.

    The branch I called is their largest branch and I knew they dealt with foreign currencies. The person's answer to each currency:

    Saudi Riyal - restricted by Saudi Gov't. Can be bought at airport in Saudi Arabia

    Kuwaiti Dinar - 4 day turnaround

    Iraqi Dinar - do not buy nor sell and have no plans in the future. Restricted by US gov't

    Her answers were assertive. She did not ask for a supervisor nor interjected her statements with "uuhhh, uummm".

    Done deal, right?

    Then I called TD Bank in NY City. This branch is located at 655 Avenue of the Americas.

    He asked when I would be traveling to those countries and I told him June. His answers to each currency:

    Saudi Riyal - 6 business days

    Kuwaiti Dinar - 6 business days

    Iraqi Dinar - 6 business days

    I would need to order them in person, though. They do not hold them in their bank.

    Then I wondered if branches in NY were privy. So I called Wells Fargo in NY.

    The person told me that they have no plans to buy or sell Iraqi Dinar. He gave me a toll-free number to connect with their foreign currency dept. and that they might have more and better answers regarding Iraqi Dinar.

    I called and there was a recorded message stating that they do not have any plans to buy or sell Iraqi Dinar and then gave me their menu listing. They must get a lot of inquiries on Iraqi Dinar.

    Wells Fargo is the 4th largest US bank. TD Bank is #15.

    Then I called Bank of America, #2 largest bank in US. Same as Wells Fargo. Person at BOA did not know of any banks in US that deal with Iraqi Dinar.

    Odd that TD Bank would say they can get Iraqi Dinar, but larger banks do not deal with it. So, I called a different branch in NYC on 1995 Broadway. 3-5 business days on Saudi Riyal and Kuwaiti Dinar, but they do NOT sell or buy Iraqi Dinar. They advised me to call TravelEx because that's what they do. They have Saudi Riyal and Kuwaiti Dinar, but no Iraqi Dinar.

    It would appear that the man at the first TD Bank misinformed me. So, I called that first TD Bank branch again. They do NOT sell or buy Iraqi Dinar. Roadrunner, you has a good argument, but the list I submitted is accurate as it pertains to the Iraqi Dinar. The Saudi Riyal and the Kuwaiti Dinar were not on the list but they did confirm that they sell them. Luig1, the Iraqi Dinar is not available. Da Teets,The words used by these people were "...we longer sell that currency..." It is possible that 6 months or 2 years ago they DID sell it.

    I am very thorough in my work. I could call other large banks, but I think I would receive the same answers.

    Maserati, perhaps she could give you more details on their transactions.

    As for other people in this forum that criticize me as being a troll, pretending to be something that I'm not, and that I'm being negative.....

    In response to your statement...yes TD Bank did sell IQD between 6 months and 2 years ago. I know this because that's where I bought mine. The last time I went in there to do so, the woman I had always dealt with told me they would "no longer have anything to do with the IQD". That's fine with me, because in the event of an RV, I have no intentions in having anything to do with TD bank. :D

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