[12:27:08 PM] [****] To be clear, the reval has not happened anywhere. A reval is a movement in value in the currency and is tradeable on the Forex. The Iraqi Dinar has not increased in value and is not tradeable on the Forex and has not showed up on the CBI. What is happening is that many Countries know the eventual rate and date of the pending RV and are offering to cash in the Dinar for their citizens only. This is not a revaluation. The banks are doing what Ali is doing....buying Dinar from their citizens at a low rate and when it revals, sell it back to the CBI at that rate. The banks will make billions off this "pulled in" Dinar off their citizens when they sell it back to the CBI at the RV rate. In a sense, the banks are ripping off their people, not letting them know that THIS IS NOT THE REVAL but a rate the banks are simply offering to their people. Yes, the reval was released on Jan 7th but will not get to us until it is time. When it revals, it will go on the CBI website as a rate
[****] PD Banks in Jordan are allowing only their citizens who have businesses to cash in at a rate of $3.10 USD per IQD. The banks there are paying $3.40 USD per IQD if they keep the funds in their Bank for at least 45 days. Do not call the banks.
[****] *****This is not to the people in Jordan, this is to the corporations with 10 million min, just to clarify
don't know who said this but it makes the most sense to me!!! THANKS FOR THE POST!!! GREATLY APPRECIATED!! Now I can get off all the other dorky sites. LMAO
ReplyDeleteLmao...."ripping them off?" You think people who own business's with a high net worth value don't know what is going on? Not hardly pal, in fact those people are cashing in, TAKING A HUGE PROFIT and then REINVESTING IN MORE DINAR AT THE LOW PRICE. That is a HUGE advantage, sir..............hardly a ripoff.
ReplyDeleteIf they are able to purchase more dinar after cashing in, they definitely can gain the advantage of double dipping. The question is can they get more dinar?
ReplyDelete