This is INTEL because, clearly, some people still don’t understand. No good deed goes unpunished, but all this needs to be said, I think. AB, Mods, please clarify if I’m getting something wrong. Members, please, please, please, post what is positive here and what ADDS to helping others understand.
1- Exchange Centers.
a. Tony will tweet us an 800# to call and that operator will then give us another number to call based on the bank you choose and your zip-code. That bank will then tell you the nearest location. If they are too far away, call the 800# back and try another bank. You can call that first 800# as much as you want. It’s the second one, when you actually make an appointment, where you only get one shot. Do not worry, the banks want us to get there. They will make sure the 800# disseminates when the time comes.
c. You can’t make more than one 800# appointment and only with one bank. You will be registered and tracked as of that moment. Don’t try to be slick. You think Big Brother is watching? Well, Big Brother, Big Sister, your evil uncle, and people you’ve never heard of are now watching. Play it straight and you’ll be fine. Remember, the banks wants your money.
d. Relax, the banks want you to get there. They want to help you exchange your currency. They will be helpful. Be friendly, they are trained to serve. I know some are intimidated by banks. I am too. There will probably be a marshal in the room with you. He is there as a witness, not the Gestapo. Try and remember you are speaking to somebody just trying to do their job. Again, they want your business. Think of yourself as their most valued customer, because you are. And remember exchange, exchange, exchange. Never say cash in or use the word investment. You are there to exchange your IQN Dinar and VNN Dong.
2- Rates.
a. As of this moment, the international (street) rate for Dinar is 3.58 and Dong is 1.02. Both could change. Likely, they WILL change. They will go up after the initial RV.
b. If you want to play the rate game, go to www.barchart.com , click on forex, and follow the rate on an hourly basis. If you are lost already by what I just wrote, just take the money and run. Laugh every time you look at your bankbook. Don’t worry about what the other guy did or how much they got. You got yours.
c. If you can get the contract rate just do it (per DC). Sign the NDA and the Bank Contract and then pay a professional to explain to you what you just did. The net dollars will be better so long as the tax rate does not exceed 60% and the street rate doesn’t go above 10.00 (Do the math). For those of you planning to bring an attorney to the appointment you are already ahead of the curve. This advice is for folks with small amounts who just want to maximize their net. Remember: Contract rate – good. NDA and Bank Contract – do not fear.
3- ZIM.
a. NOBODY KNOWS!!!! Just stop asking.
4- Schedule.
a. DC favors the next few days.
b. Tony favors this weekend.
c. No one else knows. NO ONE. Even the ones that know don’t know.
d. Forex doesn’t know either. The CBI may or may not print it. Forex probably won’t print it until its 100% public and the CBI has stated it. That could take weeks.
e. We (TNT) are now a special group. We are going to exchange before the public. For those of you feeling blessed and highly favored guess what – we are!
5- The RV.
a. Exchange, exchange, exchange.
b. It actually started last Friday. Yes, big business and fat cats and people the banks think are special have been exchanging for real money. It’s OK, we will get ours. We (TNT) will get a crack at the contract rates. No one seems to know exactly what the contract rates are, probably because they are changing on a daily basis. There is nothing you can do about it so don’t let it get to you. Yes, life is unfair and yes, some people are just lucky. It happens to all of us one way or the other. Please explain to me why the guy next to me got shot and I didn’t. I’d really like to know. But you can’t explain that, nobody can, it’s just the way it worked out. So let them have their due and you be content with yours’. You just made the deal of the millennium. Be grateful. There won’t be a second chance.
c. Seems the banks currently have discretion over what they exchange in the basket. At least concerning Dinar and Dong. Again, it is what it is, and its only for now as this thing rolls out. Don’t be angry. You may as well pound sand. Learn how to go with the flow. Learn when to fight and when to move on.
This is so wonderful. Step back and feel the grace. How lucky we are to have Tony, Pam, DC and Ray. How lucky was it we got into this forum when we did and now we are here at the head of the line. Maybe not the very front, but get it straight, there are over five million people behind us. I call that pretty darn good. If you don’t know that; if you can’t feel it: you will be one of those to lose their money. It’s a new perspective, learn to discern. I don’t think there are many of us in the forum like that are left now, but there will always be a few. I think the PTB has come to realize we have matured into a cohesive and educated consumer group. We have their respect. Yes there are some who still may not, they never will (as DC says so often) there be monsters out there, but the majority of the PTB (and the world, for that matter) see us in a different light than they did a year ago. So if we ever have DC in chat again, let’s sit on our hands and listen. You think the PTB wasn’t laughing at that circus tonight? Think before you type. Ask yourself, does my question benefit at least a hundred other’s. And yes, somebody is still going to ask if they can exchange in some obvious (to the rest of us) little city somewhere. But you can’t see the age of those hands, or the look of concern on their faces, or know where they’ve been or have never been. Not everyone is so blessed. Like it or not, they’re family. Grab another chair so they can have a seat at the table too.
As always, if I have helped in any way I thank you for that grace. If something I’ve said has offended, I take it back.
Best
Iko
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