Dinar News Dinar exchange limitations? Not sure.

[sparticus]

I read not too long ago by another member that Banks in the event of rapid increase to the value of dinar will only exchange up to 10,000 US dollars per day and no more. Is this true?

Are we limited on the amount exchanged through banks ? Do we have to go to a dinar dealer to exchange huge amounts at once ?

Please give facts and sources to back up info.

[allIneedisonemillionusd]

I think you are referencing the Warka accounts. I don't have one, so maybe someone that has one can verify.

My US accounts have no such limitations

[keylime]

My, bank, Chase, said only 10,000 US dollars a day. But they are a small branch and they may not know what they are even talking about. My Wachovia bank is also a small branch and they said because they are small they don't even exchange money there. So check your own banks and go to a large branch to ask.

[mikey]

my bank said bring it on!!

[Rfranky]

Who do you bank with Mikey

[THJ]

Most small bank branches are lnimited to the amount of cash that can be taken oout on a given day withiout 48 to 72 hrs prior notice. The deposit of the IQD into an account as you convert would not have any limit.

[betterlife]

What about bank of america would they have any limitations. Please let us know.

[jcav]

I think it might vary from bank to bank here in the U.S. I also think Warka might not let you take out more than 10K a year. If people start taking out significant amounts of cash, the bank will go bust. This was imposed several years ago.

[marc2]

they are not taking anything away...just exchnging

[greebs]

Exchanging will be limited to 200,000 dinar and be a Iraqi Citizen if outside of Iraq.

[karen]

greebs............no. where did you get that info!!!!!!!!!

[karen]

greebs, it is ok to be a us citizen and own iqd. if you bought with dinar trade, or not you might want to go to their site for info. post rv for help cashing in. or you can try a large main bank, like 5/3rd, wells fargo, boa. i live in a city of less than 100,000 people and i will be going elsewhere to cash in. mostly just small branches here. it sound that you're so new you might consider buying adams book to get up to speed if you own iqds.

[greebs]

I have been a IQD holder since 2005. A lop is in place.