Exchanging Dinar for new Gcc currency

[Templecityboy]

Discussion as to how everyone plans to exchange their Dinar for the new GCC currency and what the exchange rate for it is I think will be to all of our advantages, E.g. 1 GCC Dinar = ? IQD.
It's a no brainer that it will be a strong currency and that an exchange will automatically take place with deposited monies in Iraq. My feeling is that I want to hold a good part of this investment for close to ten years, (well past the Dinars' imminent lifespan)when the worth of GCC currency is off the hook. Maybe some of the people who are on the ground in the region can give us a feel for what locals are saying and how long it will be until foreigners can fly in and out of Iraq to exchange cash if need be.
This should be a great topic for us to clear up. I will start researching myself as well.
I'm thinking when this currency is openly traded it would have to be at least at a 1=1 ratio to the Euro and the Dollar being that the Jordanian Dinar,the Kuwaiti dinar and others exceed the Dollar in value.
Thoughts??

[DarkRing]

Thinking I might send my money to Warka bank and raise my account balance :huge:

[sprtbuf]

Let Warka do the work for me...

[Gerardo]

Ok, I thought the current dinar in circulation is the one that will open on the forex. Can someone elaborate on this supposed "new" currency? If there will be one, where would I trade the old new currency because I bought them on ebay a few months ago?

[AK Boy]

From everything that I've come acrossed, the GCC is still just a concept. If this does come about, it would not be until 2010. Lets hope that we are all swingin' in hammocks, knockin' back Pina Colatas by 2010. I too plan to sit on this egg, but I'd like to know what type of bird I'm sitting on.

[GRETNA1970]

Ok, I thought the current dinar in circulation is the one that will open on the forex. Can someone elaborate on this supposed "new" currency? If there will be one, where would I trade the old new currency because I bought them on ebay a few months ago?

Gerardo, think of it as the same thing they did in europe. All the Gulf states will have a unitifed currency. This is a good thing. Just put your new dinars in a safe and smile.

[cnbmis]

The GCC has been going for 25 years, and it is around 2010 they envision for a currency move. I haven't read enough to know much in detail, but there's a lotta info on their site. We will definitely want to watch for Iraq's acceptance into the Council, as this will be a very nifty thing :)

http://www.gcc-sg.org/index_e.html