Why don't banks want to trade Dinar?

[the_hulk]

I inquired at BMO Bank of Montreal (one of our big national banks), as to whether or not they would be trading the Dinar when it opens internationally and they said flat-out that they would not be trading it. Why do you think one of the largest Canadian banks would not trade the Dinar, and is this perhaps some kind of bad sign? Also, which US banks have said they will trade the Dinar?

[Iraqi Al Yahud]

The Iraqi Dinar is a long term investment. The dinar will not open up at .01 or higher. Just stuff your shoe boxes full of them and wait 10 years

[the_hulk]

I would agree with that (I'd say opening at anything better than 1460/USD would be good for now), but most banks trade a variety of foreign currencies such as the Turkish Lira, Kuwaiti Dinar, Iranian Rial, etc, so why not the NID?

[Blake]

Because the Iraqi dinar is still currently on the Restricted List and not found on the FOREX market, as it has been for the past 13 years as part of the sanctions against Saddamn for the 1st Gulf War. This will be changing soon, and that is what we refer to when we talk about the dinar opening back up on the market.

[Jared]

I inquired at BMO Bank of Montreal (one of our big national banks), as to whether or not they would be trading the Dinar when it opens internationally and they said flat-out that they would not be trading it. Why do you think one of the largest Canadian banks would not trade the Dinar, and is this perhaps some kind of bad sign? Also, which US banks have said they will trade the Dinar?

Banks make money on the exchange, so once it is out in the open, they will probably change their tune..

Jared :wave:

[QQQ]

Banks make money on the exchange, so once it is out in the open, they will probably change their tune..

Jared :wave:
it will be so funny to watch all these big banks jump on board when their is money to be made on the dinar or any thing else for that matter.dose any body really think that once the dinar opens that every bank in the world wont want their fingers all over it.when the dinar has a set value we will be able to cash it in at 7-11.

[Jared]

Funnier yet will be the investment people that told you to stay away from this a couple months ago, will now be calling you to invest in it. Now that they can get a commission that is...

Jared :wave: