After the allied invasion of Iraq in 2003, Filipino professional and non- professional skilled workers, investors and traders came home with their IQD (not saddam hussein) earnings. If totally consolidated, ready for transaction could sum up to HUNDRED OF BILLIONS IQDs. Holder's stocks are just being kept in their homes, safe houses and bank vaults for safekeeping. The Central Bank of the Phils will grant permit to local banks to transact IQD soon but holders can't wait any longer!
2007-08-03 14:06:15 · 3 answers · asked by dalton 4 in Business & Finance ➔ Other - Business & Finance
I see nothing on the BSP web site about this. There is no mention of the Iraqi dinar anywhere on the web site.
I can tell you that in the United States, there are no banks or currency exchanges whatsoever that buy Iraqi dinars at more than 50% of the Central Bank of Iraq rate quote. There is no demand for them, and these banks can't make a profit selling them.
If BSP does begin buying IQD, I would be very interested in what rate they are buying at, because I know people here in the US that want to unload theirs as well, and right now, the only market for IQD in the US is eBay. No kidding. Please get back to me on this.
I might also point out that if that quantity of IQD hit the market all at once, it would drive the exchange rate down, perhaps by quite a bit.
2007-08-03 14:52:37 · answer #1 · answered by F. Frederick Skitty 7 · 0⤊ 0⤋
Still looking for IQD? I know who wants to buy IQD,,,
2015-07-25 17:50:55 · answer #2 · answered by matet 1 · 0⤊ 0⤋
we have buyers of IQD here in the philippines..
2015-03-31 16:29:51 · answer #3 · answered by Bullet 1 · 0⤊ 0⤋