[Reference Fnu Lnu’s Post on 9-8-2024 below] Question: “You mention Wells Fargo and JP Morgan Chase have the concession for exchanging the Dinar in America and Standard Charter has the concession in Canada and England. Who is it they have concessions with?” Iraq / CBI selects banks with whom they are willing to work. These banks get commissions. They are the primary banks handling exchanges. If you go to the Podunk local bank, they will send the currency to one of the contractor banks. This will not be an ordinary bank currency exchange. Too much confusion to have dozens of different banks sending in currency transactions…
Reference Post is below
Fnu Lnu Here’s something you can take to the bank. Wells Fargo and JP Morgan Chase have the concession for exchanging the Dinar in America and Standard Charter has the concession in Canada and England. Seems I recall they will have Australia too but don’t hold me to that.
