different currencies?

Question

is there a way to have a bank account where whenever you put money into it , it changes currency?
i have canadian dollars and lets say i want an iraqi bank account.
i put $50 canadian into this account and it changes my $50 into however much iraqi money i can get for $50.
The iraqi think is just an example but i would really like to do something like this

Answer 1

Yes, you can have a bank account denominated in a different currency. I know Citibank does that. When you deposit the funds, it's automatically converted into the currency the account is denominated in. Call Citibank and ask them for the particulars.

Answer 2

Why would you even think of buying Iraqi Money???

Besides in Canada you can get a canadian money account or a US dollar account, that's all there is, cause we have a lot of trade with US, is why their money account is available.

If you want other money , you trade on Forex market, you can buy all currencies there...and if you want to trade those markets, I can guarantee you won't have your Canadian dollars for very long....YOU WILL BE BROKE !!!