billjr Posted January 24, 2011 Report Share Posted January 24, 2011 I have been purchasing my Dinar at 5/3 banks in Pittsburgh Pa.. Resent orders have been circulated Dinars. A few of them have pen marks on them and a friend informed me that Iraq laws would consider them defaced and would not be able to cash in. Has anyone else heard of a law pertaining to this? Link to comment Share on other sites More sharing options...
Migkillertwo Posted January 25, 2011 Report Share Posted January 25, 2011 I've heard from a lot of sources that moving dinars outside iraq is against teh law. You can try and sell it on the forex. I'd get an account on the forex 3 Link to comment Share on other sites More sharing options...
andy3978 Posted January 25, 2011 Report Share Posted January 25, 2011 Pure Bunk in all its glory. #1 Ali and Dinar Trade would have been shut down a long time ago if it were illegal to buy/sell Dinars in the US. #2 Do you think any Bank would sell you Dinars if it were illegal? The SEC would have to post Help Wanted Ads to fill all the newly created positions needed to enforce this. I've heard the rumor as well and it not founded. 1 Link to comment Share on other sites More sharing options...
Jim1cor13 Posted January 25, 2011 Report Share Posted January 25, 2011 I have been purchasing my Dinar at 5/3 banks in Pittsburgh Pa.. Resent orders have been circulated Dinars. A few of them have pen marks on them and a friend informed me that Iraq laws would consider them defaced and would not be able to cash in. Has anyone else heard of a law pertaining to this? Hi billjr No need to be concerned about that. Circulated bills are still currency, a few pen marks mean nothing. Some dealers would have many believe the only safe notes to own are uncirculated. This also is a fable. For instance, when you exchange say a 5$ bill at your favorite store that has some writing on it, has the store ever told you "sorry, do you have a less used bill, as we cannot accept this."? Of course not. I have seen some pretty nasty looking bills around, torn, even taped, and as long as they are not counterfeit, they still get accepted. Now I'm not saying one would want their IQD to be torn or taped LOL, but as to your question or concern, it is fable. A battered US dollar is still worth its face value. A circulated dinar is still worth its face value. I was concerned myself in the past about these issues, but the bottom line is simple. As long as the notes are genuine, don't stress about fables All my best! Jim --- 1 Link to comment Share on other sites More sharing options...
billjr Posted January 26, 2011 Author Report Share Posted January 26, 2011 THANK YOU! Link to comment Share on other sites More sharing options...
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