Why Warka?

[Schaeferelli]

Ok I know I am a newbie and this might be a dumb question, but go easy on me. I have looked over "The Real RV Intel" and tried to find info on the site and have not been successful. I know Adam recommends to open a Warka account. All the info I found on this was to get an account up and running. I have already successfully gone through the steps in doing that, but I have not found any info as to WHY I should do this? Are people utilizing Warka post or pre-RV and for what reasons? Could someone clear this up for me???? I have the account set up but I just wanted a little more info as to why before I go and put money in it.

Thank you in advance!

[Bigboy0854]

Warka is a way to diversify your investment. You will have an advantage of having your money in country. Also Warka pays great interest rates. for example I bought a 1 year CD that pays 10.50 %. Hope this helps.

[Schaeferelli]

So the real advantage is if Iraq decides to have an in country RV, and the interest rates? Anything else I am missing?

[Kanga]

Look long and careful at Iraq bank account. not sure the bank will make it. I have an account set up, but waiting to see if the bank improves. do a search on the bank and read the posts from the last 2 weeks!

[Schaeferelli]

Thanks Kanga, Do you know how long we are able to keep the account without actually putting anything into it? I also have an account set up but have not done anything with it yet...