Rayzur Posted April 22, 2014 Report Share Posted April 22, 2014 Wow, we all knew this was coming.... but wow, talk about in the blink of an eye..They wasted no time between announcement and implementation.... . Check out the bottom right hand corner of this website.... you can send money back and forth between Iraq and the USA !!!! Wot?!?!?! and Wow. http://money.altaif.co/ 9 Link to comment Share on other sites More sharing options...
Laid Back Posted April 22, 2014 Report Share Posted April 22, 2014 CBI keeps moving forward with the monetary reform, I believe will we see an increase in the exchange rate later this year.! 3 Link to comment Share on other sites More sharing options...
Rayzur Posted April 22, 2014 Author Report Share Posted April 22, 2014 This seems to be fairly significant news..... That we can now "exchange" USD for IQD without involving a bank!!! Am I unnecessarily excited about this... As in, is this not amazingly exciting news in terms of actual movement?? 2 Link to comment Share on other sites More sharing options...
Rayzur Posted April 22, 2014 Author Report Share Posted April 22, 2014 (edited) Edited April 22, 2014 by Rayzur 2 Link to comment Share on other sites More sharing options...
RVWITHME Posted April 22, 2014 Report Share Posted April 22, 2014 Does it mean that the currency gets converted, or can we buy IQD now, with USD and take delivery without the broker spread? Link to comment Share on other sites More sharing options...
Rayzur Posted April 22, 2014 Author Report Share Posted April 22, 2014 (edited) Haven't really looked at the site and the in and out.... And I would imagine its the same way when you send money to any country.... It gets converted into their currency..... Not sure that you could actually buy currency from say Western Union.... but you can transact between two different currencies... I do money exchanges between Italy and the US.. and they do charge a fee depending upon how much you send.... Sounds like its almost to where you reference... but not quite? Last week we could not do that... and now we can..... I think if nothing else, its at least worth a shout out that Iraq announced something and within a day or two, actually implemented it and made it available to you, me and every individual ... They seem to drag their feet on so many things... and this one was like.... WHAM...BAM .... done.... Edited April 22, 2014 by Rayzur 2 Link to comment Share on other sites More sharing options...
Tankwalker Posted April 22, 2014 Report Share Posted April 22, 2014 I'm with you Rayzur and also feel this is exciting news. Not sure exactly what it means but sure seems like something to take notice of. I actually posted a chat log last week regarding Western Union and new SWIFT codes but it didn't get much attention but I believe it was in preparation for what we are now seeing. Here's the thread.... http://dinarvets.com/forums/index.php?/topic/175958-swift-codes/ 1 Link to comment Share on other sites More sharing options...
zul Posted April 22, 2014 Report Share Posted April 22, 2014 Wow Rayzur. Great find. I agree with you that this is big. 1 Link to comment Share on other sites More sharing options...
dontlop Posted April 22, 2014 Report Share Posted April 22, 2014 (edited) So I should go to Iraq and send me some dollars with my dinars We are on the right track Edited April 22, 2014 by dontlop Link to comment Share on other sites More sharing options...
twoAkitas Posted April 22, 2014 Report Share Posted April 22, 2014 This seems to be fairly significant news..... That we can now "exchange" USD for IQD without involving a bank!!! Am I unnecessarily excited about this... As in, is this not amazingly exciting news in terms of actual movement?? so exciting that it warrants my first ever post after lurking around for so long! Thank you for the post---looks promising! 11 Link to comment Share on other sites More sharing options...
vomer Posted April 22, 2014 Report Share Posted April 22, 2014 Am I too picky or is there nothing here about our ability to send our dinars to Iraq? 1 Link to comment Share on other sites More sharing options...
calkid11 Posted April 22, 2014 Report Share Posted April 22, 2014 Thank you , good post 1 Link to comment Share on other sites More sharing options...
ididitfirst Posted April 22, 2014 Report Share Posted April 22, 2014 ok, it says we can get money from iraq but it does not say anything about usa to iraq.??? 1 Link to comment Share on other sites More sharing options...
MyLadiesDaddy Posted April 22, 2014 Report Share Posted April 22, 2014 Thanks Razur. Me likey whole bunches. 3 Link to comment Share on other sites More sharing options...
Jaxinjersey Posted April 22, 2014 Report Share Posted April 22, 2014 Hi Rayzur... I haven't gone to the site, but the advertisement seems to specify sending money FROM Iraq to the US only, as a typical Western Union service? It sounds great... but I don't see it as any serious form of exchange, other than sending money. I like that there is some kind of movement though!!! Especially since most, if not all, banks have ceased selling/buying dinars... It seems to me, that something has prompted this new activity, considering the previous "banking" concerns about money laundering and counterfeiting... Will these "exchanges" be monitored and reported??? Hmmmmmm.... 2 Link to comment Share on other sites More sharing options...
SocalDinar Posted April 22, 2014 Report Share Posted April 22, 2014 Thanks Rayzur, The IQD going global. Western Union is just the beginning 3 1 Link to comment Share on other sites More sharing options...
unirod Posted April 22, 2014 Report Share Posted April 22, 2014 I would be interested in sending my IQD via Western Union to be deposited into my Iraqi Bank account. Or even open up another Brokerage account to buy securities. Any comments on this strategy? or if it's even possible? Link to comment Share on other sites More sharing options...
DragonChylde Posted April 22, 2014 Report Share Posted April 22, 2014 As I said on the other thread, Western Union isn't typically for transfer into banks. It is generally for quickly transferring person to person. That said, given yesterday's announcements, I would assume that is going to be quickly possible. I don't know about now but shortly, I think. Link to comment Share on other sites More sharing options...
unirod Posted April 22, 2014 Report Share Posted April 22, 2014 I just sent out some inquiries to the Altaif company to see if they my facilitate the transfer of IQD for deposit in Baghdad into either a securities Broker account or Bank account. I hope they respond positively. 1 Link to comment Share on other sites More sharing options...
NeedRv Posted April 22, 2014 Report Share Posted April 22, 2014 It will be WHOA once I get that text from Adam saying its time.... and a $1 + rate..... GO RV!!!!! Link to comment Share on other sites More sharing options...
stealthwarrior Posted April 22, 2014 Report Share Posted April 22, 2014 That tells me that they have settled the rate they have now. The site says you can send money from Iraq to the USA but not send money to Iraq. True vomer,you cannot send any money to Iraq.i am not 100% sure but I think that is illegal. Link to comment Share on other sites More sharing options...
Lutie Posted April 22, 2014 Report Share Posted April 22, 2014 Thanks Rayzur, The IQD going global. Western Union is just the beginning Someone neged you. Not sure why. So I gave you a + 1 Link to comment Share on other sites More sharing options...
IHS Posted April 22, 2014 Report Share Posted April 22, 2014 Makes me wonder just how the Fed is ging to react if this is true and they may not get to hold the three zeros for their own plan. Link to comment Share on other sites More sharing options...
R Veyron Posted April 22, 2014 Report Share Posted April 22, 2014 More evidence that their currency will soon be legitimized and tradable. Next stop, forex and bank near you. I say, that once the banks get a whiff of the potential for profit, they will be penning new policies and it will be open season for an RV. 1 Link to comment Share on other sites More sharing options...
George Hayduke Posted April 22, 2014 Report Share Posted April 22, 2014 Nice find Razur. 1 Link to comment Share on other sites More sharing options...
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