"RV UPDATE" BY SANDY INGRAM, 25 MARCH

 Sandy Ingram  

Article quote: "Salih summarized on Friday the benefits of Iraq's accession to the membership of the European Bank for Reconstruction and Development."  It looks like Iraq is doing everything possible to join the international financial platforms.  We need to wait and see how this will affect our ability to exchange our Iraqi dinar bank notes for US dollars.

There is absolutely no law against carrying large sums of cash...You can travel with as much money as you want.  

However, there is a catch.   If you are entering or leaving the Untied States with more than ten thousand dollars in cash or equivalent, you are required to report it to customs and border protection.  

This rule applies whether the cash is in U.S. dollars or in a foreign currency...You need to complete a "FinCen 105 form"...  What happens if you don't report more than 10 thousand dollars in cash?  Failure to report can lead to seizure of the money...You may also face criminal charges...Remember these rules...it's always better to be safe than sorry.]

https://dinarevaluation.blogspot.com/2024/03/rv-update-by-sandy-ingram-21-march.html

  Iraq has completed the necessary prerequisites to join the World Trade Organization WTO.  This pivotal development reported by Gulf News marks new chapter in Iraq's economic journey...

Joining the WTO is not a mere formality, it necessitates a commitment to aligning with WTO rules by enhancing private sector performance and overhauling trade policies....  Membership in the WTO is a significant milestone for any country.

 Do not purchase any currency with Saddam's face on it unless you purchase it as a collector. Purchase currency that is now in circulation in Iraq.https://dinarevaluation.blogspot.com/2024/03/rv-update-by-sandy-ingram-18-march_01295640786.html