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XCHANGE AMERICA BUYING IQD,VND AND IDR

FROSTYJACK

By FROSTYJACK,
in Iraq & Dinar Related News

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FROSTYJACK Rookie

FROSTYJACK

Posted
Posted
I RECEIVED THIS EMAIL TODAY. 
I am taking this as a good sign!
 
 
Xchange of America is pleased to announce that you CAN NOW exchange  IQD / VND / IDR  for cash.
 
The XOA Team is quite thrilled and confident this new policy will make our customers (and future customers) quite happy.  You can now sell your IQD, VND, and IDR at any XOA store location and then walk away with USD...Yes, United States Dollars (in hand). This new policy is effective immediately at all Xchange of America locations across the United States.
 
We thank you for your continued trust in XOA as we strive to make our brand better, and provide the highest level of customer service possible.
 
Best regards,
 
Robert M. Hoffman, Jr
Chairman / CEO
 
mail?url=http%3A%2F%2Fwww.xchangeofameri
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Flash101 Newbie

Flash101

Posted
Posted (edited)
4 minutes ago, Jaygo said:

That is showing $725 for 1,000,000 IDQ.. that’s pretty cheap!! 

Theres a difference between circulated and uncirculated  and the size of the bill (25k too 10k)

Everyone has to eat just depends on what their eating.

 

101

Edited by Flash101
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Karsten Newbie

Karsten

Posted
Posted

$40.00 per Million for the VND.....That is stealing it.

 

I just checked the place on ebay I buy 25k here and there just to add  to the stash. He was affordable at $29.95 with Free Shipping and then I posted his info here as folks couldn't find notes a while back. I think his sales really went up as shortly there after he upped the price to $34.77 and his sales dropped off. He then lowered the price to $32.00 and is now back up to $34.77.

 

Maybe something is close to happening.

 

Karsten

 

 

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Floridian Experienced

Floridian

Posted
Posted (edited)

You could always sell back to the dealers (at a loss), but this is the first time I'm hearing of the dealer advertising that they would buy them back.  They are saying "you CAN NOW exchange  IQD / VND / IDR  for cash" and "this new policy will make our customers (and future customers) quite happy", like this is the first time they are doing this.

 

SOMETHING'S UP!  😀

 

Maybe they are buying back IDR (Indonesian Rupiah) just to throw people off that something's cooking.  How many people would have IDR???

Edited by Floridian
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Theseus Rising Star

Theseus

Posted
Posted (edited)

Last year during Iraq budget season, Xchange of America raised their prices 100.00 and people said we were close. They have done that for the last four to five years. They really cannot raise the price anymore because that would stop people from buying it. They raised the price when the dinar lost value. In order to keep the hopium alive they needed something that would keep their sales going and bring back customers that have already bought to buy additional amounts. Sending out the email also hits those who are emotionally exhausted with this investment. Xchange of America doesn’t know any more than Joe Scmoe off the street. Its a marketing ploy pure and simple. Besides when this does RV, while I may have bought from these guys, it will not be a dealer I sell too,  but rather a bank with a much lower exchange rate.

 

IDR already RVd a couple of years ago. They couldg again but it would be much more expensive.

Edited by Theseus
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ChuckFinley Community Regular

ChuckFinley

Posted
Posted
15 minutes ago, Floridian said:

You could always sell back to the dealers (at a loss), but this is the first time I'm hearing of the dealer advertising that they would buy them back.  They are saying "you CAN NOW exchange  IQD / VND / IDR  for cash" and "this new policy will make our customers (and future customers) quite happy", like this is the first time they are doing this.

 

SOMETHING'S UP!  😀

 

Maybe they are buying back IDR (Indonesian Rupiah) just to throw people off that something's cooking.  How many people would have IDR???

It would be nice if they figured out something was up and are prepping their position. 

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gregp Mentor

gregp

Posted
Posted
7 hours ago, DFlat7 said:

These are Ali's Stores. 

 

I was under the understanding Ali sold Exchange Of America.  Now you have me researching.  Ali has a bank in Iraq.  If he still owns Exchange Of America, there’s a possibility he knows something’s coming. I personally agree with synopsis.  Just another marketing ploy, at the time the election results are about to come out.  

Thanks.  

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Bowling Dude Newbie

Bowling Dude

Posted
Posted

I wonder, as a dealer selling they make a profit, when the dinar revalues

do they gain the value difference or do they have to return it from where the purchased it.

What about when they buy back the currency can they make an additional profit if it goes up in value? 

Just wondering. 

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Carrello Rising Star

Carrello

Posted
Posted (edited)

You have been able to sell your IQD back to Dinar Trade or XchangeAmerica for years. You completed a form, sent your IQD to them and they sent you a check. Now you can get cash immediately. I don't see what this has to do with an RV. 

 

If you walked into XA and wanted to exchange one million IQD, do you think you would get cash? How about 20 of us walk in on the same day and want to exchange $1 million apiece? Cash? Never going to happen. I would be scared to death to walk in and expect cash for any amount unless there were US Marines guarding the parking lot or they were my personal escort to get to the next depository.

 

You couldn't walk into your local bank branch and get $1 million cash out of your own bank account on demand. They don't have it on hand, and a transfer would be handled electronically, unless you waited for the bank to transfer in the cash and then you get to bury it your backyard. 

 

I see this cash on request type transaction as a convenience for people that want to cash out quickly.  Cash or check? The only difference is 4-5 days.

 

ps Ali sold Dinar Trade years ago and that is when it became XchangeAmerica.

 

 

Edited by Carrello
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