Iraqi bank account or cash in hand?

[jayboz]

I know this is mainly a matter of preference but what do most of you think is the better option, open an Iraqi bank account or get the cash in hand? I have opened an Iraqi Bank Account with Al-Warka Bank and I have purchased Iraqi dinar from Amer. I have also opened a bank account with HSBC Bank in preparation for the dinar going worldwide. However, I want to purchase a couple of million more dinar but don't know which is the better way to go. How about some input from you major dinar players!? :confused:

[BRYAN]

split it three ways , Say 1 million in currency from a currency dealer ( lowest price and a trusted seller. )
another in the Warka bank , mabey as a savings account , and third up your current account .
Or get all the currency in your hands -
It seams like you have most angles covered . You have to decide which way you feel is the best way .It's your money .
If it were me I would spilt it up some way .

[jayboz]

split it three ways , Say 1 million in currency from a currency dealer ( lowest price and a trusted seller. )
another in the Warka bank , mabey as a savings account , and third up your current account .
Or get all the currency in your hands -
It seams like you have most angles covered . You have to decide which way you feel is the best way .It's your money .
If it were me I would spilt it up some way .
I see what your saying! Cover your bases in different ways! Thanks for the input! :happy64:

[minigirl]

cash in hand, sock, buried in back yard. lol

I intend on opening an account soon too.

[BRYAN]

I see what your saying! Cover your bases in different ways! Thanks for the input! :happy64:
Your welcome . Just remember this venture is very high risk My altime risked has passed and I lost big . I won't ever do the same mistake :no: - not to diversify . When the basket broke , :crying: I didn't have another investment to fix the basket , and had to start over . If you are young than you can risk a little more than say an elderly person on a fixed income . If one dosen't work maybey another will . Kinda like having a bunch of different lottery tickets .

[ScotFree]

There were some positive posts a while ago that after the Dinar is traded, IQD accounts may be able to be opened at NBK branches in the US. Did this get dismissed as nonsense or does anyone know if it might still be a future possibility ? I know that even the most well known worldwide banks are only offering accounts in a maximum of 12 currencies & there's only a couple of middle east currencies included in that.

[jayboz]

There were some positive posts a while ago that after the Dinar is traded, IQD accounts may be able to be opened at NBK branches in the US. Did this get dismissed as nonsense or does anyone know if it might still be a future possibility ? I know that even the most well known worldwide banks are only offering accounts in a maximum of 12 currencies & there's only a couple of middle east currencies included in that.
The only NBK branch located in the U.S. is in NY City and they only do commercial transactions. :o

[B59]

I know this is mainly a matter of preference but what do most of you think is the better option, open an Iraqi bank account or get the cash in hand? I have opened an Iraqi Bank Account with Al-Warka Bank and I have purchased Iraqi dinar from Amer. I have also opened a bank account with HSBC Bank in preparation for the dinar going worldwide. However, I want to purchase a couple of million more dinar but don't know which is the better way to go. How about some input from you major dinar players!? :confused:

This is something I don't want to deal with. How do you get around this getting your money out of Iraqi bank account?

http://www.fincen.gov/fin105_cmir.pdf

B59 :confused:

[jules]

this form refers to actual physiacal currency being transported that is worth greater than $10,000. It states this does not apply to wired funds(page 2).
Am I reading that correctly?