Value of different Demoniations

[fisherman]

I am sure this has been asked before, just can't find it.

 

I would appreciate any opinions on the value or wisdom of buying different values on dinar notes.   For example, the 25k notes, vs 10K vs 5K.   Is the prevailing thought that the larger 3 zero notes like the most common 25k notes might be called in first, vs the 5K notes might be able to be held longer as value rises over time?

 

There is a premium for the smaller notes.  Any feed back is very much appreciated

[coorslite21]

My thought is they will all be treated equally .....and all at the same time...everywhere....CL

[MFNGPTYLTD]

Yes I agree they have enough problems and keeping it simple and same value is they way to go and it I assume would be started at least a $1 per one Dinar and go up so as I said they have buying power and so on the bigger the better but not just for us but for Itaq to rebuild and contracts and buying power goods and services and yes they would need to pay back as I said before $2 would be ok 1 for Iraq and one to payback and that gives them buying power

[King Solomon]

Is there any reason why I would NOT want to have the 25,000 dinar at rv time?

Should I exchange for smaller denominations?

[md11fr8dawg]

I see no reason. Unless you plan to go to Iraq and spend your dinar after RV it should not matter. If it RVs at 1 to 1 you get $25,000 USD for 25,000 dinar. Or $5.00 USD for a 5 dinar note (if they have those).

[Laid Back]

I believe all 000 notes will be treated equally, when the CBI start the delete of the 000 project 

 

Go RV

Go $1:1

[jb4388]

At first glance having smaller denominations would allow you to make a transition under to 10k threshold and avoid some tax. That being said when someone exchanges dinar at their bank I am sure it will involve paperwork thus a paper trail.

I do not know about money exchange places and maybe a casino? Just thinking out loud.

[ChuckFinley]

On 2/22/2019 at 5:37 PM, jb4388 said:

At first glance having smaller denominations would allow you to make a transition under to 10k threshold and avoid some tax. That being said when someone exchanges dinar at their bank I am sure it will involve paperwork thus a paper trail.

I do not know about money exchange places and maybe a casino? Just thinking out loud.

Depending on how much you have and what you want to do, you may want to consider VIP.

[King Bean]

My understanding, after reading about a bazillion articles, is that once a value is determined on IQD to USD conversion, that is the rate you will get, regardless of 25k vs 10k vs 5k or any other notes. And the CBI has stated ALL notes will coincide with new notes for a period of 10 years. ALL treated equally, as Coorslite  stated. And given the ramifications of taxes on capital gains (or not) I would highly suggest dealing with banks, straight up. We've waited all these years for this to happen, why risk any funny business with IRS or US Government. And as CF suggests, VIP might be a consideration for the added benefits that will pay for themselves. But each to their own.

[jg1]

One way to get all the chunkey money in the bank is to give it value! 

I dont think Iraq citizens will want to have one of those 25,000 notes in their pockets when this pops. 

[little willie]

I read some where that there would be no taxes! Anyone else read this?

[ChuckFinley]

On 2/24/2019 at 7:51 PM, little willie said:

I read some where that there would be no taxes! Anyone else read this?

The IRS will get its pound of flesh, you can count on it because it is THEIRS. Whether it be capital gains or ordinary income you are not walking away from this tax free.