Canadian Cash Out Locations

Anyone with information (REAL INFORMATION) about which banks will cash-out IQD, please post here.

I have contacted HSBC, CitiBank, TD and I have been told that they WILL NOT cash in IQD. I do not know if this is their "party line" statement until the actual RV date, however, Bank of Canada does not even have that currency listed.

I have gone to Thomas Cook Foreign Exchange and they informed me also that they do not have that currency.

I personally do not have a problem crossing over into the US and cash in, but I know for many this might be a lot of trouble (travel, need for a passport)

With that said, if you have ACCURATE information please post here.

Thanks

councy wrote:Anyone with information (REAL INFORMATION) about which banks will cash-out IQD, please post here.

I have contacted HSBC, CitiBank, TD and I have been told that they WILL NOT cash in IQD. I do not know if this is their "party line" statement until the actual RV date, however, Bank of Canada does not even have that currency listed.

I have gone to Thomas Cook Foreign Exchange and they informed me also that they do not have that currency.

I personally do not have a problem crossing over into the US and cash in, but I know for many this might be a lot of trouble (travel, need for a passport)

With that said, if you have ACCURATE information please post here.

Thanks

I doubt most banks will exchange it till it is an internationally traded currency.

Are you in Canada?

I totally understand that however, from all of these bank stories we are hearing about, the US banks have received cash-out instructions for the pay-outs. I wanted to know if anyone heard of something similar in Canada.

Months ago, I was at a Scotiabank and took the opportunity to talk about the Dinars and the banker said that went the time was up to come and see them as they would book appropriate parties like, Wealth Department. I would gather this meant when we RV.

Back in April, I wired monies to buy my dinars through the Royal Bank of Canada (RBC) and they were like do you need any services, loans, etc. and that was back in April.

Dinardiva: You said you wired your money to purchase IQD. You didnt actually buy the dinars from that bank correct?

Most all banks will when the time comes for RV, until then, they will say just about anything to detour you from buying or selling IQD at this point in time.

councy wrote:Dinardiva: You said you wired your money to purchase IQD. You didnt actually buy the dinars from that bank correct?

Correct..used that bank to wire money from my account and looked like they took a look at my account and next thing it was like VIP treatment or almost.

I have bought millions of IQD from various ScotiaBank branches and have first hand information of more than a half dozen other people who have also done this. I am also aware, first hand, of ScotiaBank branches purchasing IQD. I was unable to get a definitive answer whether ScotiaBank will cash-in at the appropriate time but my assumption is that they would savour such an opportunity. I have second-hand information that both TD and CIBC sold IQD a number of years ago.

Additionally, I have used CustomHouse Foreign Currency Exchange (div of Western Union) to exchange millions of USD to CAD for my Company and I have also purchased millions of IQD from them. Their current official position is that they will neither sell nor purchase IQD, but, on the QT, I have been told that when it will revalue they will assess it again and would, very likely, facilitate cash-ins. I view this as a worthy viable option for us Canadians.

BANK OF CANADA does not even have IQD listed in their currencies

http://www.bankofcanada.ca/rates/exchange/10-year-converter/

HSBC (CANADA) does not have IQD listed

http://www2.hsbc.ca/HICServlet?cmd_viewCalculatorPop=&accept-language=en-ca&title=HSBC%20-%20Foregn%20Exchange%20Calculator

CIBC does not have this currency listed on their system. I was informed that once this "exotic currency" appears on their screens, they will be more than willing to accept IQD HOWEVER, THEY WILL HAVE TO SEND THIS CURRENCY TO THEIR COLLECTION DEPARTMENT TO VERIFY ITS AUTHENTICITY WHICH CAN TAKE AN ADDITIONAL 90 - 120 DAYS

BMO does not have this currency listed on their system

THOMAS COOK (you see these booths at most airports) does not have this currency listed.

http://www.tcnafinancialservices.com/counterRates.aspx

DINARTRADECANADA does sell dinars - but do not buy back dinars (Q.15)

http://www.dinartradecanada.com/FAQ_53GM.html

I strongly suggest to anyone holding dinars in Canada - DO YOUR HOMEWORK. Find out exactly where you will be cashing in.

If you cannot find one, i also recommend you obtain a passport (If you don't already have one) and be ready to cross the border.

I goes without saying that once the IQD appears on Forex every bank will be able to exchange this currency.

I, personally, IMHO, (note disclosure) Canadians will not benefit from the same exchange rate (once IQD goes on Forex) as our counterparts in the US. I truly believe their exchange rate will be higher than ours.

A Canadian is allowed to open a bank account in the US providing you have the proper documentation.

This is exactly what I will be doing. I will be crossing over to the US depositing my IQD when have it wired to my CND bank AND I might be lucky enough that i will also get a little bit more converting my now USD to CAD $$$

CANADIANS pay attention to this!!!!!!! If you plan on taking your IQD across the boarder which is totally fine you MUST MUST MUST declare it with the Canadian boarder services agency at the airport or they WILL CONFISCATE it. You can go to thier web site and down load form # BSF247 it is a very simple form and before you cross fill it out and take it ahead of time to the boarder services office at the airport and you will be just fine. You can use dinar banker and simply have your exchanged currency wired to your Canadian account (set up USD cash Account with your bank) ask your bank for thier wire code and make sure you have your account number with you. Once this is done you can negotiate with many sources for a better rate on exchange from USD to Canadian if this is what you choose to do once your bank sees all of this money in your account they will negotiate. if you knoe others with IQD get to gether and you have that much more barganing powere remember MONEY TALKS i feel the USD will go up by at least .08 cents so just wait a little while before you exhange to Canadian as this will give you 8% more and eliminate a lot of your spread.

I was recently in Canada and stopped to cash some USD for CAD for travel,



I asked two banks, one TD in Abbottsford, and Bank of Montreal in Prince George, about the IQD and VND, TD said yes but they have to order it, takes a few days, the Bank of Montreal in Prince George said "don't know", as it was a busy friday afternoon, no other info.

IF any of you remember Okie Has stated that within 24 hours of the RV that his crew would supply a list of cash out banks in CANADA



RELAX AND ENJOY THE RIDE

can anyone tell me how to view replies to my posts. i put in the link but cant find replies if you answere this here i will find it i am not a computer savy person but i try hard Thanks

When you first log in to this web site on the top right hand side there are three choices pick the one that says review( or select) my posts that will getyou there

bigdogone Thanks a bunch

Here is the link to the CBSA (Canadian Border Services Agency) where you will find form E677 which each person crossing currency over 10k into the US need to fill out AND file with the CANADIAN CBSA (locations listed on website)

http://www.cbsa.gc.ca./publications/forms-formulaires/e677.pdf

There is always offshore banking and these two websites were given to me that may be useful so please take note:


http://www.panamalaw.org/

and

http://www.bridgewaycorp.com/index.php

councy wrote:Anyone with information (REAL INFORMATION) about which banks will cash-out IQD, please post here.

I have contacted HSBC, CitiBank, TD and I have been told that they WILL NOT cash in IQD. I do not know if this is their "party line" statement until the actual RV date, however, Bank of Canada does not even have that currency listed.

I have gone to Thomas Cook Foreign Exchange and they informed me also that they do not have that currency.

I personally do not have a problem crossing over into the US and cash in, but I know for many this might be a lot of trouble (travel, need for a passport)

With that said, if you have ACCURATE information please post here.

Thanks

a foreigner cashing a "windfall" in usa would likely have to pay usa tax before leaving. don't even plan an event like this before getting expert advice.

LEN: Really????? I married a US citizen 17 years ago and he happens to enjoy a dual citizenship. The Law is you report your income (btw this is not considered a windfall) to the country in which you reside. According to you, one would be taxed twice !

In the case of someone going to the US to cash in, first if you are having your money wired back to a Canadian US dollar account, I don't believe this is cashing in. If you are leaving your money in a US account that is a different matter, as the money now stays in the US. The other point to consider is you purchased this currency while in Canada and not the US. Hope this helps

Re Canadian cash in locations. I know that prior to be made to remove cash in sites from there web site Dinnar Banker had stated that Vancouver, Calgary and Toronto would be their Canadian sites. I am sure they will update as soon as this is finalized. You can also call themm as they seem to be very helpful.

Alternative: Please verify your information before posting anything. DinarBanker WILL NOT be opening satellite offices in Calgary, Vanc or TO. !!!

If you have over 5 Mil USD they will fly to your nearest large airport to cash in. They cannot confirm if that includes a Canadian airport !

councy: If you reread what i said it was that before they had to remove this from there web site. We here in Canada received a letter to this fact from DB. What there plans are now no one knows. I personally called them and they said they were trying to arrange locals for Canada.

DB just confirmed that if one owns over 5 Mil USD they will fly to any large airport including Canada. That is not 5 mil IQD but the revalued amount in USD

Where did you get the confirmation from. This sounds to good to be true but i like it sure saves a lot of us the hassle of traveling and security.

www.dinarbanker.com

i just went to there web site and its says they will fly to airport inside the US upon further digging around on cash in locations they say they do not have locations in Canada but that they are working on it. As I said before they are trying but i dont expect any thing concrete until after the RV
Rspectfully

Go to : online chat and ask the question - that's what i did and that's what i was told.