1. Regarding the tax information, that is related to US taxes. It should be noted that the laws might have changed when the tax extension was passed. You should definitely check with a professional.
2. Be advised that DinarBanker and Dinartrade will be buying your dinar back at the CBI rate--not the bank rate. The bank rate will be lower than the CBI rate (this is referred to as the spread). When you compare the CBI rate to the bank rate, it may surprise you how much the banks will make on your cash in. Negotiate negotiate negotiate! You have the upper hand. They do not. An old saying .... It never hurts to ask. If you don't, you'll never get it. Along the same lines, be sure to ask the banks for a significantly larger than normal rate of return on your money! Remember, you have the upper hand.
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<<< ******************* VERY GOOD NEWS ******************** This is NOT from me. Just sharing this "intel" to see if we can confirm/deny. I know we would all love for this to be true, but if another can verify, that would be great.............
Intel From Conference Call Last Night (1-12) and this Morning, 1-13):
It has already RI'd in Jordan and Kuwait. Kuwait RI'd at .35 and many Kuwait citizens cashed in already. Jordan followed at 3.22. . We will begin hearing about it, and it will RI in U.S. banks by Sunday at 3.22. . SUNDAY JAN 16th @ 5:00 PM You should be able to see the rate on the Forex site by 5 PM this Sunday providing this information is correct.
THIS IS VERY IMPORTANT: Presidential Order #13303 & Coalition Provisional Authority (CPA) Order # 39: If you cash in on Tuesday Jan 18th at 3.22, and mention Presidential Order #13303 as well as Coalition Provisional Authority (CPA) Order #39, YOU WILL PAY NO CAPITAL GAINS TAXES, as you are simply trading one currency for another at the same rate. You need to mention these two orders when speaking with a tax attorney and/or CPA and wealth manager. ~~> Please verify this information with your tax attorney.
WED JAN 19 or THUR JAN 20: By Wednesday or Thursday, the rate should be up to 5.27 for cashing in at U.S. banks, as it will have RV'd at a 'live' rate! Because the 5.27 is a 'live' (or set) rate, IT WILL NOT CHANGE FOR SEVERAL MONTHS, IF AT ALL. . The reason we were advised yesterday not to use U.S. banks to cash in, is because Ty at Dinar Banker or Ali at Dinar Trade will pay 6.18 instead of the bank rate. . Taxes will be paid on the difference between the 3.22 RI rate and the RV rate of either 5.27 or 6.18 if the two Orders are mentioned. This means cashing in at a rate of 6.18, would mean you would only pay taxes on the 2.96 difference. . ONLY USE THE TERM: " INVESTMENT " The dinars cashed in at the 3.22 rate would not be taxed. Only use the term 'investment' when sharing with your tax attorneys.
CASHING IN WITH EITHER TY OR ALI If cashing in with either Ty or Ali, (1) they will deposit the funds into as many accounts as you would like for a small fee, $125 per million with Ty, and $150 per million with Ali. (2) You would need to have routing and account numbers for the accounts you want them to be deposited into at the time of cashing in, as whichever accounts the funds go into will be taxed, and/or investigated otherwise. (3) You will also need to have the phone number of your bank to access your bank account online or either a laptop with wireless internet access to log into your bank account to VERIFY THE FUNDS HAVE BEEN TRANSFERRED.
THE RI RATE OF $3.22 HAPPENED! The RI actually happened as of Friday at $3.22 and is a set rate, until RV is complete. . Kuwait is also supposed to RV at the same time as Iraq, which will make for some not very happy people who cashed in at 35 cents.
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