avoiding the deletion of the three 000's

[whomp3311]

Isn't the smartest thing to do and just open an account with warka or another bank in iraq and deposit money that way???? wouldnt that make it not matter if they did come out with a whole new currency or delete the three zeros and its lops? if i put money into an account and it reads 5,000,000 million dinars no matter what they did it wouldnt matter right? its in electronic form and not in paper currency.... plus you dont have to pay these sites where you buy the dinar from at a higher rate then its worth, you would get the exact exchange rate... am i wrong in my thinking?

[Redwizard]

If they delete the 000, your 5,000,000 will become 5,000 even thou it isnt currency, it is a number that represents currency.

[whomp3311]

well that sucks then!!! lol

[sanders2340]

Isn't the smartest thing to do and just open an account with warka or another bank in iraq and deposit money that way???? wouldnt that make it not matter if they did come out with a whole new currency or delete the three zeros and its lops? if i put money into an account and it reads 5,000,000 million dinars no matter what they did it wouldnt matter right? its in electronic form and not in paper currency.... plus you dont have to pay these sites where you buy the dinar from at a higher rate then its worth, you would get the exact exchange rate... am i wrong in my thinking?

[Redwizard]

Yep, if they delete 000 it will be hard to make money on this investment. It will take a $3+ RV to make any money to talk about, after spreads are covered.

[sanders2340]

You are correct. But, that's not without risk. You are at the mercy of a banking system that is not regulated like U.S. banks. Also, getting money out of Iraq has been a big issue with many investors.

[Doctor Smith]

You are correct. But, that's not without risk. You are at the mercy of a banking system that is not regulated like U.S. banks. Also, getting money out of Iraq has been a big issue with many investors.

Plus. If they aren't going to honor he zero's on the notes they issued. They won't be honor the zero's in the Bank either.