Cash-in Rates

Can someone shed light on if the CBI rate is $9.71 and the bank rate is $7.71, who gets the spread?

Will DinarBanker cash us in at the CBI rate or somewhere in between the bank rates?

If you are wondering where I got the numbers, it was in the evening Dinar Recap email. Those may or may not be the actual rates, however, it would be glorious if that is what we are dealing with here!

Standing in Faith and Giving God The Glory! AMEN.

GivingGodTheGlory,

The unofficial answer is "I can live with either of these numbers since they would obviously have been sent from the Heaven's!" LOL

I believe Dinarbanker has said that they will be using the CBI rate. I do think that there may actually be two CBI rates however. One for buying and the other for selling.

Good luck on the RV!

therealbutterfly wrote:-snip- They DONT KNOW THE RATE. Plain and simple. No one knows the date nor the rate. The ones that do, aint on these boards. [/color][/size]

That's the fact Jack!

Its a fact of life you will have to pay something for this transaction. I can guarantee it will be less of a percentage than you paid to buy it. I have a hard time believing that a dealer will buy your dinar back. Thats just me. Lets think about this for a second though. If you have a currency worth millions. Every bank in the country will be looking for you to become their next Jed Clampit. Dont worry about the place that will deposit your money. Because "Cash Out" is a bad term. There is no place in the world waiting for anyone to bring their Dinar in to fill up a wilbarrow full of USD for you to roll out the door to your family truckster...You will become a bank costomer!!!! 7 to 9 dollars? Thats less likely than a wilbarrow full of Ben Franklins in your family truckster. That being said, the difference between the "Whales" and the rest of us, is the percentage we have to pay to make the exchange. Thats just a fact of life. Is it fair? Nope! Is it life? Yep. Will you be well off? Yep!!! Get over it.....Buy yourself a cement pond....

I have looked and cannot find any limit to the spread a bank or currency dealer may charge. In a free market economy, it is pure supply & demand. I did find that the US Treasury has a 4% cap on the spread, so that may enter into one's decision making when choosing where to cash out.

Talk of $14.87 is all the sudden starting to trend as we speak... WOW