Pimpy
I've heard so many [gurus] talk about - according to the IMF Iraq needs to be within 2% between the parallel rate and their official exchange rate. No that's not right...To maintain stability Iraq needs to maintain a narrow spread, that's the gap between the official exchange rate and the black market. Generally a spread of less than 5% is considered acceptable. Not 2%, 5%. A spread more than 10% is considered a significant risk to the economy. Iraq is going to have to shoot for between 5 and 10%. They want to be less than 10. It'd be idealistic if they can get around 5...
The best suggestion I would make when it comes to this is get a tax expert that can help you with this. Let them tell you what you can do to help reduce the amount of money you owe based on the amount you get when you swap your currencies.
When you swap your Iraqi Dinar for US dollar if the exchange rate gets up there to a level you like you're going to have to pay capital gains taxes on it... [Note: Some gurus feel it will be/could be taxed as ordinary income. Consult your tax expert to determine what's right for you.]
No comments:
Post a Comment