Entry Submitted by GK at 11:46 AM EST on January 9, 2022
1. Exactly how many months or weeks, will the Iraq Central Bank allow for the obsolete 3+-zero-inflated-dinars to be exchanged and/or used in trade?
Answer: Not very long. They have tied the intake of these obsolete currency notes to the value of oil which today is over $78 US. Once the value exceeds a price somewhere between $100 to $120 US, the Central Bank of Iraq, will no longer support an international exchange. Point being, they want it in and done fast. No stragglers allowed. This includes those of us holding Dinar notes here in the US. We have only a short time to exchange these notes for a very nice Exchange rate.
Regarding Sterling Currency. The Atlanta DA has kept me informed. It took over 5 years but the trial is over and I have been told some form of restitution is being decided upon.
Before the F-I raided them I had paid for 13 million dinar, 30 million dong, and 5 million rupiah.
I won’t go into details but my checks were cashed on layaways and should entitle me to at least 10% of those numbers.
Obviously if the dinar rate goes up, I want a bank to honor these currencies at the increased rate even if I don’t have the currencies in my hand at that moment. We have been told it should be settled in mid-February.
Can someone who knows settle my worry? Will Wells Fargo or whatever bank in the middle of this thing assist in making sure these currencies be included for individuals like me?
If you aren’t in the know please don’t guess.
Any law firms out there already working on this?
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