ronscarpa Posted March 29, 2021 Report Share Posted March 29, 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 *** Breitling *** Question: [My big worry when the time comes to cash out is that the currency traders are the only avenue for exchanging the dinar. Currently they are getting around 20% of that. Is that a fact?] Yes it is. Every business model there is you charge 20%...you get a 20% return at a minimum. They're not doing anything out of what everybody else is doing. [Q? : If that is so, who can we trust?]. Banks. Banks will be competing for the U.S. dollar...I bought all of my currency from a bank. I didn't buy it from a currency trader..(post 1 of 2).. *** Breitling *** I think it was at 1 or 2 percent charge or whatever it was...don't worry about it. Once there's value added to it and people start to exchange and they banks] see they will be able to make money off of the exchange...they are going to fight for your currency. Not only that but the traders that are out there where a lot of people bought their currency are going to be fighting for the currency. Period end of story. It's going to be a competition and you're going to be sitting in the driver's seat. That's not going to be a problem..(post 2 of 2).. *** Footforward *** [Q? : do you mind sharing again what rate range you’d expect dong to revalue at, in your opinion..?] 15 cents I think is very reasonable. In my opinion. 25 cents would be on the high end in my opinion. 3 5 5 Quote Link to comment Share on other sites More sharing options...
nannab Posted March 29, 2021 Report Share Posted March 29, 2021 Thank you Ron 1 1 Quote Link to comment Share on other sites More sharing options...
Bob Posted March 30, 2021 Report Share Posted March 30, 2021 Sorry I disagree....My Dong is worth much more than 25 cents! Just ask my girlfriend!!!! (I had to do it since no one else is doing it!! (Junior High!! Right!)) 5 Quote Link to comment Share on other sites More sharing options...
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