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 KUWAIT DINAR?

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PostSubject: KUWAIT DINAR?   Thu Dec 15, 2011 4:25 pm

HYPOTHETICALLY, If I wanted to buy Kuwait money is there a place to do so? And would it even be foolish to do so seeing that their money has value?
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therealbutterfly
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PostSubject: Re: KUWAIT DINAR?   Thu Dec 15, 2011 4:32 pm

punisher wrote:
HYPOTHETICALLY, If I wanted to buy Kuwait money is there a place to do so? And would it even be foolish to do so seeing that their money has value?



You can go to currency exchange offices at airports or banks. I asked ScottiG for his banker info on that same question cuz the Kuwait Central Bank still shows they are at $3.63 but his banker will buy it at $4.08 so I figured I would go buy some and make a quick buck, but he wont tell me....
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PostSubject: Re: KUWAIT DINAR?   Thu Dec 15, 2011 4:45 pm

Does it even make sense though. How much would you spend for say $100,000 and then what would you get back in profits?
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PostSubject: Re: KUWAIT DINAR?   Thu Dec 15, 2011 4:51 pm

punisher wrote:
Does it even make sense though. How much would you spend for say $100,000 and then what would you get back in profits?



Well according to ScottiG, that bank will buy the KWD for $4.08 so if you bought it at $3.63 then you make $.45 per kwd. Now I dont know the fees involved or anything but if you wanted to go that route, then go for it. Most I think would just buy it and trade it on forex instead of holding physical paper. But I have no interest in it, was just giving you the info that scotti shared and if you wanted to do it. Maybe since you are a mod he will share the banker info with you so you can make some cash off it.
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PostSubject: Re: KUWAIT DINAR?   Thu Dec 15, 2011 4:54 pm

in round numbers 12,370 depends how far you have to travel.prob could afford first class tic to kuwait and still have a good showing for a weekend.all aboard.
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PostSubject: Re: KUWAIT DINAR?   Thu Dec 15, 2011 6:02 pm

I dnt plan on doing it...was just a hypothetical question, but thanks for the input.
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