Exchanging your IQD into USD

[mystic01]

http://www.forex-guide.net/bank-directory.html

This is a link that you can search for banks in your area that may be able do foreign currency exchange for you on the dinar once the rv happens. I don't know that all the banks exist or still have the same names but there are several to choose from and it lets you look them up by your city or larger cities near you. The list does contain phone numbers .... so starting calling as soon as you hear RV announced.

Just thought this may help especially with the small towners.

Good luck everyone!

Edited November 14, 2009 by mystic01

[Jimmie]

Thanks Mystico1 for the bank information. I live in a small town in SE Texas. Hope this thing comes through for everyone. May God Bless.!!!

[TrishaMarie]

Thank you. This was very helpful.

[topcat1954]

Outstanding information. This makes it easy to find a bank locally. Question, do you need to have an account with banks in order to exchange Dinar for USD.

[compassion]

Thanks Mystico1 for the bank information. I live in a small town in SE Texas. Hope this thing comes through for everyone. May God Bless.!!!

Waxahachi (sorry about the spelling) you will be able to cash your dinars there. Go to www.DinarTrade.com and click on sell dinar. Ali will be opening up soon. Will have plenty of time.

Blessings, lar

[compassion]

Waxahachi (sorry about the spelling) you will be able to cash your dinars there. Go to www.DinarTrade.com and click on sell dinar. Ali will be opening up soon. Will have plenty of time.

Blessings, lar

He will be charging $150 per million Dinars, sorry. THAT is very cheap!

[fladinarinvestor]

Excellent information

[topcat1954]

He will be charging $150 per million Dinars, sorry. THAT is very cheap!

I am confused which for me is a normal state of mind, but please explain the $150 per million. It does not say that on the site or am I misreading it. thanks

[sterns5048]

I think once the rv happens there will be more info,more advice on where to go or not go, probably more places will accept it, and there will be more help too. So just hold on and enjoy the ride for now

[Lots2Learn]

I went to Chase in Banning, Calif yesterday to ask about procedures. Tellers are the ones with the answers...the lady I got at one of the desks was clueless. They use the book...they are too small for a De La Rue. The IQD isn't on there exchage database yet, but the sample in the book matched my note. The part that jazzed me was that I don't have to pay an exchange fee because I have an account there. I think she said it was $5.00 per transaction otherwise. Either way, that's a whole lot better than paying 6%!!!

[petie64]

I called BoA and they told me about the same thing. If you have an account with them you will be charged a transaction fee but that is all.

[jimanita]

He will be charging $150 per million Dinars, sorry. THAT is very cheap!

that is very cheap !!! Most exchange places charge 2 - 7 % so on a million that would be 20 - 70 thousand so 150 hmmm I thnk I will take that

[TrishaMarie]

Thanks for the post. List is old, though. Checking in Phila., PA it lists several First Penna Banks; they closed over 20 years ago. I am sure some of the banks on the lists are still in business. I would call before going to any of these banks to be sure they still exist. Good Luck!!!

[dinarcraze]

i read that hsbd is one of the banks here on the east coast that may do the exchange not sure how acurte that information is but got it off one of these dealers site

[dinarcraze]

im sorry hsbc bank

[Duce]

Once the IQD is internationally traded, any large or international bank shoud honor it, right?

[theviking]

I went to Chase in Banning, Calif yesterday to ask about procedures. Tellers are the ones with the answers...the lady I got at one of the desks was clueless. They use the book...they are too small for a De La Rue. The IQD isn't on there exchage database yet, but the sample in the book matched my note. The part that jazzed me was that I don't have to pay an exchange fee because I have an account there. I think she said it was $5.00 per transaction otherwise. Either way, that's a whole lot better than paying 6%!!!

Many times the banks have "other" fees that go along with it, so we need to find the spread fee and the exchange fee.

[yv4ty0]

Do you think we will need the certificate of authenticity?

[KBM]

How much will we get charged for capitol gain?

[lovellg]

I hope we don't run into too many obstacles trying to cash out.

[epoekert]

Most banks do not require that you have an account, but some banks charge less for the fee if you do.

[brownie]

Good information we can all use

[valu]

It might be better to cashin with a big bank. You might get your currency credited to your account faster.

[ringer1]

I live in the Dallas area and in the last two days I have called BoA, Chase, and HSBC. None of them are trading the dinar yet.

[cwilso2]

Looks like I need to get a Chase account either before or after the reval. Thanks for the info Lots2Learn!