Good example of a Historic Reval
West Germany, late 1960s
Deutch Marks were pouring into the country in anticipation of a reval for no other reason than to PROFIT.
Result:
"West German foreign-exchange reserves rose from US$2.7 billion in December 1969 to US$12.6 billion by December 1971, and to US$28.1 billion by September 1973. "
Please Do Not Let This Thread Die!!!
Quote:
Originally Posted by
barmurphy
Did anyone profit from this. When I first got involved with Dinar, I told a friend who mentioned the Deutch Mark, saying that no one made money, because to cash in you needed a German Passport..Can you comment on this.
Thanks, Barmurphy
I FOR ONE WOULD CERTAINLY LIKE TO SEE MORE FACTUAL INFORMATION that proves we will not have some challenges when we go to exchange our dinar at reval time. Who has the FACTS that this will be as simple a transaction as walking into the bank to buy them. No speculation here, just the facts please.
I just called the One in Seattle.
Quote:
Originally Posted by
RfxLady
Have had an account with Key in Ohio for 20 years. When I talked with my banker there, I was told they did not sell or exchange dinar and did not know if they ever would.:wacko: That's why I opened a Chase account.
Said they only have the Canadian Currency, but had to call the main Office in Ohio and I did not call them. Was just checking up on the info.
any future dinar cash problems?
I tried to open a new thread but cound'nt do so.
Since CBI has a cap on how much dinars are allowed to go out side Iraq, In my opinion(I am not economic/currency expert) we may encounter some problems when we cash dinars after revals. Reason being it was not legal to aquire big amounts in the first place. Meaning if such cap rule exists it should have some implications on our investments. Any one here who has traded currency on the same scale as our dinars and made some fat bucks to put more houghts on this? I hope I am wrong.
Thanks.
Nawal
Ali at DinarTrade - Cash In!
Quote:
Originally Posted by
draft138
Ali @ Dinar Trade said he would only take 2% for cashing in with him. My family in Arizona are flying in here to Nashville to cash in with him. It will be cheaper than at Chase. I will call later today and ask him about a "Spread" and let you all know.
This is true. He has told me on several occasions that he will cash in at that days posted CBI rate minus his 2%.:cheers: :cheers: