worse senario of outcome

[sportfisher]

worst case scenario?

you get discouraged and sell your IQD before it increases in value.

[Unitedrich]

worst case scenario?

you get discouraged and sell your IQD before it increases in value.

Not me. Worst case scenario is I put a wallpaper border around my bathrooms with 25k Iraqi notes

[Dah-kota]

Worst case for me.....

I find out the Dinar RV just happened at $8.00...and I die from a heart-attack that instant. LoL Juz kidding

And no one knows where I hid it

Edited October 16, 2011 by Dah-kota

[skitealwedrop]

The point is that it doesnt have to become international right away....

They could still only allow an incountry exchange, switch up all the bills and then become a convertible currency.....

They are under no obligation (unfortunately for us) to let people out side the country exchange if they dont want to....

And that would be a worse case scenerio....

Wow! I never thought about that scenario. Interesting point dude. I learn something new everyday on this site.

[IPP]

You would lose the dealer spread. i.e. Dealers currently sell for ~$1,200/million IQD but only buy it back for close to the real exchange rate of ~$860/million IQD. So if you sell it back (RD only, no RV) then you lose ~$340/million IQD. You may do better selling it privately splitting the diference (e.g. maybe for $1,000/million IQD), still a losw but less of one. To break even there has to be at close to a 50% RV (1.5:1) to move the official exchange rate up to $1,200/million IQD at which you bought.

What dealers are buying them back for $860/mil ? I went to two banks yesterday and their currently buying them back for $675/mil.

Names please!

Thanks

[Dah-kota]

Wow! I never thought about that scenario. Interesting point dude. I learn something new everyday on this site.

*Dudette* LoL

[skitealwedrop]

*Dudette* LoL

Sorry Dah-kota. Thanks for the correction. Sometimes it's hard to tell whose an inie and whose and outie around here.

[cooked]

Actually I did think of something worse.....

They RV to 5 dollars like Okie said it would, and no one but Okie gets to cash in!!!

Now that's just sick. :D

Here little pink piggy piggy

[Dah-kota]

Sorry Dah-kota. Thanks for the correction. Sometimes it's hard to tell whose an inie and whose and outie around here.

Oh....no problem. I'm kinda new. It just helped me get it *out* there that I'm an *Innie*

[WorkerBee]

The point is that it doesnt have to become international right away....

They could still only allow an incountry exchange, switch up all the bills and then become a convertible currency.....

They are under no obligation (unfortunately for us) to let people out side the country exchange if they dont want to....

And that would be a worse case scenerio....

Thanks, you are much braver than me, I didn't even want to go there because I didn't feel like Re-researching the countries that actually did this. And yes, they are internationally recoginized. Sorry folks, sincerely hope this doesn't happen.

Wow! I never thought about that scenario. Interesting point dude. I learn something new everyday on this site.

Very true, learn something new everyday. Lots of people state their opinions as facts and it simply isn't true. Due dilligence is required.

[skitealwedrop]

Oh....no problem. I'm kinda new. It just helped me get it *out* there that I'm an *Innie*

I'm glad you got it out there. People assume I'm a dude too. I guess it's due to my avatar. The fact of the matter is that I'm a chick that likes to ride sticks.

Keep posting. I'm always interested in reading the opinions of others.

Peace out!