Question for post RV - Warka

[roger-write]

I have a Warka account with multiple millions of dinar. Somewhere In the past I had read that we would be limited on how much per month we would be able to wire out of our accounts, post RV (don't remember, but $10,000 USD per month comes to mind).

My question is, does anyone here know definitively if we will be able to wire large sums out of our Warka accounts post RV? I'm talking millions USD at a time, here. Not the $1000 per day debit card limit or that sort of thing. I mean big bucks.

I would appreciate any info you can offer.

Edited September 17, 2010 by roger-write

[SexyDinar]

I have a Warka account with multiple millions of dinar. Somewhere In the past I had read that we would be limited on how much per month we would be able to wire out of our accounts, post RV (don't remember, but $10,000 USD per month comes to mind).

My question is, does anyone here know definitively if we will be able to wire large sums out of our Warka accounts post RV? I'm talking millions USD at a time, here. Not the $1000 per day debit card limit or that sort of thing. I mean big bucks.

I would appreciate any info you can offer.

I am assuming that the current restrictions will be re-visted because you have to think $5,000 - $10,000 is a lot of cash in Iraq right now but come post RV this will be a drop in the ocean or should I say OIL!!!

I would imagine the daily limits would have to increase to about $500,000 to $1,000,000 a day if not more once it goes global for them to trade as a bank and still operate on the ISX.

[roger-write]

I am assuming that the current restrictions will be re-visted because you have to think $5,000 - $10,000 is a lot of cash in Iraq right now but come post RV this will be a drop in the ocean or should I say OIL!!!

I would imagine the daily limits would have to increase to about $500,000 to $1,000,000 a day if not more once it goes global for them to trade as a bank and still operate on the ISX.

Thanks for yor response

[War Eagle]

Thanks for yor response

You have to understand,the $10,000 a day is set by the US under the Patriot Act.It is to keep terriorist from transfering large sums of money. I doubt very seriously if that will change.

[roger-write]

You have to understand,the $10,000 a day is set by the US under the Patriot Act.It is to keep terriorist from transfering large sums of money. I doubt very seriously if that will change.

I suppose $10,000 per day is okay (if a little tedious). If it were per month I estimated that you could never exhaust the Warka account because of collecting interest (at least with enough I the account).