Sunday Evening Opinions @ 6:45 PM CDT - 8/21/2022

[ronscarpa]

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 

 

 

*** Samson  Article: "The Central Bank: The cash reserve will rise to $90 billion by the end of 2022". Quote: "the current reserves of the Central Bank amounted to more than 80 billion dollars," noting that "the gold reserves amounted to more than 131 tons, as it increased by about 30 tons, and this led to a high ranking of Iraq globally..."

 

*** BobTheTaxMan ...Exchanging the IQD in a high amount is going to be a costly event...to give up half of it just because you want to panic isn't good thinking at all...they do want to add an extra 3% tax on anybody who cashes in more than a million.  Any funds and properties you acquire could be exposed to estate taxes on your passing.  That's the nasty part.  Determining a plan before the revaluation could literally save you millions in taxes.  It could provide you a lifetime of income and offer potential tax-free exchange... [NOTE - Consult your financial and tax professionals at the appropriate time to build the tax and exchange plan best for your unique circumstances.]

 

*** Pimpy   [Pessimistic Comments about the dinar] 'it's a scam.'  'It's a ripoff.'  It's a currency of a nation, Iraq.  The currency doesn't rip people off.  There are people out there using the dinar to rip people off. There's a huge difference...

 

*** Tivon   Comex 589, Basel 3 Compliant, ISO-20022 - These three things should always be the deciding factor as to who you decide to bank with. I don't care about the title or name of the bank. If they are not operating within those parameters then you should not put your money in any of those banks...Then...from there - How much insurance can they cover...Then...interest... Remember banks can be foreclosed on too. [NOTE:  Speak with your financial advisor at the appropriate time to build the best financial stack for your unique situation].

 

 

[Artitech]

I would like to have a tax problem to solve ,when it comes to the IQD! When I do have a tax problem, I will have the money to solve It! JMHO! 🤠

[Shedagal]

50 minutes ago, Artitech said:

I would like to have a tax problem to solve ,when it comes to the IQD! When I do have a tax problem, I will have the money to solve It! JMHO! 🤠

That is true, but pre-planning can net you more.  Do you want only 30 percent (after 10 tithe, 37 fed, 6-10 state, ??? bank/cbi fees, ??? legal fees) of your increase?