ronscarpa Posted March 18, 2021 Report Share Posted March 18, 2021 Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq. RON *** Frank26 *** Phase 2 - a second rate change...higher than 1 to 1? Yes. [IHO] $1.45...how long will it take to collect the 3 zeros before the citizens have a second rate change increase? I don't know...IMO it's the same amount of time that they gave them to turn in the 50 dinar note...Is that second rate increase only domestically or domestically and international? It's for both sides..(Post 1 of 2).. *** Frank26 *** I'll say this, when they do reach that benchmark, we walk into phase 3...conclusion...an area which we say all 3-zero notes that have been withdrawn from circulation allows them to finish their monetary reform and establish REER. 1 to 1 is not the Real Effective Exchange Rate and nor will [phase 2's possible $1.45] IMO. This country is too powerful. I have no idea what this [REER] is..(Post 2 of 2).. *** Pimpy ***...you get people out there saying, 'Hey, I'm going to get you a special contract rate.' Does that make sense to you? You think there's a contract that some group of people are going to get a special rate more than other people for whatever reason? Does that make sense? ...if a bank gave groups of people different types of rates that would be a violation of the law. We're talking about banking here people. You can't just hand pick what rate each different group of people get...there has to be some consistency there...nobody is going to get you a special contract rate... *** Jeff *** What's the #1 thing that they're hiding from you....? It's the budget...why is the budget so important? What does it mean? What does it signify? The reason I put a linchpin on it is because the budget itself is the linchpin to the rate change. That's why they're playing the games in the media...when they finish the budget on Saturday the 20th IMO they're probably going to change the rate about 24 hours later. 7 2 Quote Link to comment Share on other sites More sharing options...
DinarThug Posted March 18, 2021 Report Share Posted March 18, 2021 7 minutes ago, ronscarpa said: *** Frank26 *** PHASE 2 - a 2nd rate change... Yes $1.45... Holy St Patty’s Day Captain Ron - Frank Is Totally $h*t Phased ! 6 Quote Link to comment Share on other sites More sharing options...
pricestar8 Posted March 18, 2021 Report Share Posted March 18, 2021 i If it comes out at 1,45 we will be lucky to get out of the bank with 1,00 3 Quote Link to comment Share on other sites More sharing options...
yendor Posted March 18, 2021 Report Share Posted March 18, 2021 54 minutes ago, pricestar8 said: i If it comes out at 1,45 we will be lucky to get out of the bank with 1,00 So, would you complain about that? Hell, I'd joyfully take $ 0.25. Just to get SOMETHING for all this time. At least we would finally see progress. 3 Quote Link to comment Share on other sites More sharing options...
RV MY DINAR 3USD Posted March 18, 2021 Report Share Posted March 18, 2021 1 hour ago, pricestar8 said: If it comes out at 1,45 we will be lucky to get out of the bank with 1,00 exactly. $1.45 - fees - spread=$1. i don't mind running and cashing all in the bank. 1 Quote Link to comment Share on other sites More sharing options...
Longtimelurker Posted March 18, 2021 Report Share Posted March 18, 2021 7 hours ago, pricestar8 said: i If it comes out at 1,45 we will be lucky to get out of the bank with 1,00 35% charge to exchange? Quote Link to comment Share on other sites More sharing options...
Longtimelurker Posted March 18, 2021 Report Share Posted March 18, 2021 5 hours ago, RV MY DINAR 3USD said: exactly. $1.45 - fees - spread=$1. i don't mind running and cashing all in the bank. You would be fine with giving the bank 35%? Quote Link to comment Share on other sites More sharing options...
Longtimelurker Posted March 18, 2021 Report Share Posted March 18, 2021 6 hours ago, yendor said: So, would you complain about that? Hell, I'd joyfully take $ 0.25. Just to get SOMETHING for all this time. At least we would finally see progress. I would complain Quote Link to comment Share on other sites More sharing options...
Shedagal Posted March 18, 2021 Report Share Posted March 18, 2021 7 hours ago, pricestar8 said: i If it comes out at 1,45 we will be lucky to get out of the bank with 1,00 After spread (let's say 10%) and taxes (I think 36% fed now and 5%+ state), I would estimate you would get less than 50% of your gross. 1 Quote Link to comment Share on other sites More sharing options...
rvmydinar Posted March 18, 2021 Report Share Posted March 18, 2021 1 hour ago, Longtimelurker said: You would be fine with giving the bank 35%? Wouw. I do mind giving the bank 35%. I rather go to other banks to compare to get the lowest fees and spread. Do you know which bank has the lowest fees and spread? Quote Link to comment Share on other sites More sharing options...
rvmydinar Posted March 18, 2021 Report Share Posted March 18, 2021 1 hour ago, Longtimelurker said: I would complain If we have a choice to choose between 0.25 or $1 or $3.22, of course we would choose $3.22. For example, on the other hand, What if we don't have a choice and the only rate is only 0.25, then what should we do? Take it or leave it as a toilet paper? 1 Quote Link to comment Share on other sites More sharing options...
rvmydinar Posted March 18, 2021 Report Share Posted March 18, 2021 1 hour ago, Shedagal said: After spread (let's say 10%) and taxes (I think 36% fed now and 5%+ state), I would estimate you would get less than 50% of your gross. Less than 50% of our gross? Omg. This is the most difficult thing to decide whether to take it or exchange them to other countries, like canada. Do you think canada has the lowest spread and taxes? Quote Link to comment Share on other sites More sharing options...
rvmydinar Posted March 18, 2021 Report Share Posted March 18, 2021 1 hour ago, Shedagal said: After spread (let's say 10%) and taxes (I think 36% fed now and 5%+ state), I would estimate you would get less than 50% of your gross. Which foreign countries has the lowest spread and taxes? Quote Link to comment Share on other sites More sharing options...
Shedagal Posted March 18, 2021 Report Share Posted March 18, 2021 1 minute ago, rvmydinar said: Less than 50% of our gross? Omg. This is the most difficult thing to decide whether to take it or exchange them to other countries, like canada. Do you think canada has the lowest spread and taxes? First of all, VIP affords better solutions. As I understand it, there are actually two spreads - the CBI and your local bank. You might be able to negotiate with your local bank. Quote Link to comment Share on other sites More sharing options...
rvmydinar Posted March 18, 2021 Report Share Posted March 18, 2021 2 minutes ago, Shedagal said: As I understand it, there are actually two spreads - the CBI and your local bank. You might be able to negotiate with your local bank. Two spreads? From the cbi? Why? When we exchange dinar for dollars, i thought we will only exchange them in the local bank in the us, not flying to iraq to exchange them right? Why does the cbi has anything to do when we exchange them in the us? The cbi is based in iraq, not the us. Or may be , do you think that all dinars out of iraq will return all of them back to the cbi cash reserves inside of iraq? Quote Link to comment Share on other sites More sharing options...
NEPatriotsFan1 Posted March 18, 2021 Report Share Posted March 18, 2021 2 minutes ago, rvmydinar said: Two spreads? From the cbi? Why? When we exchange dinar for dollars, i thought we will only exchange them in the local bank in the us, not flying to iraq to exchange them right? Why does the cbi has anything to do when we exchange them in the us? The cbi is based in iraq, not the us. Or may be , do you think that all dinars out of iraq will return all of them back to the cbi cash reserves inside of iraq? Because the CBI charges the US Treasury a spread and then your local bank charges you a spread... They all gotta get theirs..... unfortunately how the world works 1 Quote Link to comment Share on other sites More sharing options...
rvmydinar Posted March 18, 2021 Report Share Posted March 18, 2021 4 minutes ago, NEPatriotsFan1 said: Because the CBI charges the US Treasury a spread and then your local bank charges you a spread... They all gotta get theirs..... unfortunately how the world works Wouw. That is a robbery. Well, if that is the way the world works, then what can we do about it? Nothing? Just accept and take it right. 1 Quote Link to comment Share on other sites More sharing options...
Shedagal Posted March 18, 2021 Report Share Posted March 18, 2021 16 minutes ago, rvmydinar said: Wouw. That is a robbery. Well, if that is the way the world works, then what can we do about it? Nothing? Just accept and take it right. You should read Adam's Cash in Guide. Quote Link to comment Share on other sites More sharing options...
rvmydinar Posted March 18, 2021 Report Share Posted March 18, 2021 3 minutes ago, Shedagal said: You should read Adam's Cash in Guide. Thanks for the advice. 1 Quote Link to comment Share on other sites More sharing options...
NEPatriotsFan1 Posted March 18, 2021 Report Share Posted March 18, 2021 31 minutes ago, rvmydinar said: Wouw. That is a robbery. Well, if that is the way the world works, then what can we do about it? Nothing? Just accept and take it right. 14 minutes ago, Shedagal said: You should read Adam's Cash in Guide. Yes or you could hop in VIP and learn how to legally avoid taxes on gains and lessen bank spreads. There are a lot of great minds over there. 1 Quote Link to comment Share on other sites More sharing options...
Longtimelurker Posted March 18, 2021 Report Share Posted March 18, 2021 1 hour ago, rvmydinar said: If we have a choice to choose between 0.25 or $1 or $3.22, of course we would choose $3.22. For example, on the other hand, What if we don't have a choice and the only rate is only 0.25, then what should we do? Take it or leave it as a toilet paper? I was speaking about the banking fees and spread being 35%. I would complain. Quote Link to comment Share on other sites More sharing options...
rvmydinar Posted March 18, 2021 Report Share Posted March 18, 2021 34 minutes ago, NEPatriotsFan1 said: Yes or you could hop in VIP!" rel="">VIP and learn how to legally avoid taxes on gains and lessen bank spreads. There are a lot of great minds over there. Thanks. I"ll do it. 1 Quote Link to comment Share on other sites More sharing options...
rvmydinar Posted March 18, 2021 Report Share Posted March 18, 2021 16 minutes ago, Longtimelurker said: I was speaking about the banking fees and spread being 35%. I would complain. I am sorry. Thanks for clearing it up. I guess this is just misunderstanding. 2 Quote Link to comment Share on other sites More sharing options...
wizard1 Posted March 18, 2021 Report Share Posted March 18, 2021 2 hours ago, rvmydinar said: Wouw. I do mind giving the bank 35%. I rather go to other banks to compare to get the lowest fees and spread. Do you know which bank has the lowest fees and spread? Well if I'm not mistaken one of the main reasons for joining this site was that Adam was supposed to have arranged preferable cash in rates with institutions in different countries. Quote Link to comment Share on other sites More sharing options...
rvmydinar Posted March 18, 2021 Report Share Posted March 18, 2021 13 minutes ago, wizard1 said: Well if I'm not mistaken one of the main reasons for joining this site was that Adam was supposed to have arranged preferable cash in rates with institutions in different countries. So that means none of dinar holders who join the VIP will not cash in the local banks. 1 Quote Link to comment Share on other sites More sharing options...
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