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Post by 707RV Fri Dec 30, 2011 2:13 am

so when this RV happens would i be able to trade my dinar for breat british pounds and then trade that for USD? i only ask because the great british pound is worth more than the USD. anyways its a dumb question.

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Post by ADMIN Fri Dec 30, 2011 2:15 am

hmmmmmmmmmmmm.... not dumb... good question...

will take someone smarter than me to answer that

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Post by therealbutterfly Fri Dec 30, 2011 3:03 am

707RV wrote:so when this RV happens would i be able to trade my dinar for breat british pounds and then trade that for USD? i only ask because the great british pound is worth more than the USD. anyways its a dumb question.

Well you can open an international account with certain banks so look into that. But the thing is, will you be living in the USA? If so, you still need USD to buy things soooooo you kinda need to exchange into USD at some point...... Wink
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Post by 707RV Fri Dec 30, 2011 3:38 am

i live in the usa but my idea is to trade my dinar for great british pounds because its worth more than the usd. then trade the great british pounds for usd and make some more money. not sure if thats possible but thats why im asking.

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Post by openmind Fri Dec 30, 2011 4:09 am

What real difference will it make? Your still going to get the same amount for your dinar right?

If 10 Dinars = 1 GPB and 1GPB = 2USD then 5 Dinars = 1USD. So if you take 10 Dinars and cash into dollars, youll get 2USD. If you convert to GPB, you'l get 1GPB which is still equal to 2USD. (values are made up).

Also consider the transaction fees and currency value fluctuation.

I suppose if you want to convert to GPB and hold onto it for a while until the Euro is dissolved/collapses and the GBP is strengthened, then you may get more dollars.

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Post by madaussie Fri Dec 30, 2011 12:25 pm

There is no advantage unless you already have an account in england which i believe dinar banker will wire to for you.It's also possible that no taxible event in the usa occurs until you change into $us.you will only be exchanging one foreign currency for another.Then if you are a resident in usa you need to file taxes on april 15th and disclose to the irs how much money you are holding in a foreign account.So no advantage.
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Post by 707RV Fri Dec 30, 2011 12:50 pm

thanks for the answers Smile

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