MarkZ

[via PDK]  [ I am hoping all the currencies go at the same time, but,  on the off chance the dinar goes first…what would be the exchange procedure?] If the dinar goes first the exchange process would most likely be very different. It would come out at a lower rate (Maybe a buck or a buck and a half) and be allowed to float. There would not be redemption centers and we would end up just going to a bank. We would most likely be able to do some negotiating and may need to wait until rates rise. I am certain some bank somewhere would reach out to our community and want to give us “red carpet” service because they would want our business.  If this would happen I would probably wait until the rate got above $3-$3.50 and pull the trigger and exchange all my dinar… [NOTE: Consult your financial advisors to create an exchange strategy that’s works best for your unique circumstances and goals.]