Bank Story at Rotary Meeting

[Maserati]

Yeah, I'm as confused as much as you are. I'll send her an email and repost if necessary.

I don't want to appear as a pumper or lopster.

I just sent this:

Hi _ _ _ _ ,

Great to see you last night, as usual!

I am still confused about what you said about the selloff

of IQD. I didn't know banks were involved at all because

it is not an internationally recognized currency. I told a few

people about our discussion and they were equally perplexed.

Since IQDs are worth so much less than one cent, how much

lower could it drop? Also, you told me that your bank has a

large margin when selling dinar. I hope you could clarify this

for me.

Thanks, as usual,

Ron

[Maserati]

Her answer was "Where did you buy them?"

I answered at TD bank and some at The Currency Vault.

I received no reply.

SORRY for wasting all your time.

I have egg on my face!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

[fishing]

"Keeping Mines" no matter what. In it for the long haul.

[M. Incredible]

I just returned from my weekly Rotary meeting. I asked a member, who is a manager at

a TD Bank branch here on Long Island, if she was excited by the latest Dinar news.

She gave me a thumbs down. After the meeting she told me that at her branch, IQDs

are being sold off "by the thousands." She said that IQD is the most active foreign

currency at her bank. She told me that one customer recently sold $50,000 worth

back to the bank and another customer sold over $10,000 worth.

She said that their advisors told them to sell because the dinar has lost value and

they should take the loss before they lose more.

She said that she doesn't have much, but that I shouldn't sell.

I told her what I have learned from Dinar Vets. She knew nothing.

I was dumbfounded by her story, but I am still very positive about our investment.

GO RV.

When did it recently lose value? I thought that it was the same at 1170 for 3 years? If anything, It's value increased when it moved to 1166. Not much of an increase but it went in the right direction.

[jackster]

Her answer was "Where did you buy them?"

I answered at TD bank and some at The Currency Vault.

I received no reply.

SORRY for wasting all your time.

I have egg on my face!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Don't beat yourself up. I suggest you probe a little bit more. You had a previous encounter and she gave the thumbs down. What did she mean with that? Her bank was selling off IQD? Did she mean Iraqi Dinar or Kuwaiti Dinar? Be specific with her.

Ask the right questions and you'll get the answers you're looking for. The answers might not be pretty, but you'll have answers.

Maserati, I encourage you to pursue for your own benefit.

Good luck.

[Da Teets]

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.