[BWM] well it's been a long, long day... and while there has been some good info out there, there has also been some that I didn't want to hear... I won't get into it because it has not been confirmed AND it's irrelevant at this point until the end of the month... so we'll see what the next 24 hours brings and go from there...
[BWM] I wouldn't even mention things but as always, I want you to be aware as much as possible with all the "see it at the banks tomorrow" stories out there... again, I have contacts saying that... I just want someone to be right...
[cib] BWM can you briefly explain what is meant that WF is the clearing house for dinar?? tyvm
[BWM] cib there is typically one bank assigned to handle "deposits" when there is a large transaction such as this one... in other words one central "gathering center" to be in control of the monies as they come into the system...
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[Dumpling Squirrel] BWM a few months back it was said that BOA was the "clearing house"..not that it matters now, but do you know why that changed?
[BWM] Dumpling Squirrel there was some political financial wrangling... BOA stepped back and WF took it
[Bigdog55] BWM once it goes live, will it trickle down to other smaller banks
[BWM] Bigdog55 it will come to ALL banks with a currency screen... most small banks like where I live don't have a currency "department" but rely on currency exchanges for their info and rates... it will be "LIVE" everywhere... it will depend on if it is on site verified or "sent away"... you don't want the latter
[bookings] BWM BWM let me ask my question again don't iraq have to have a in country rv, before we get the rv???? just asking
[BWM] bookings there will be NO in country RV IMO... it will hit everywhere at once based on what I have been told
[JOHNNYcashin] BMW do you think the bank will open on Sunday? If it RV?
[BWM] JOHNNYcashin there'll be banks open somewhere I'm sure... depends on where you live
[sleepwalker64] BWM BWM BWM iyo gold or silver
[BWM] sleepwalker64 long term.. silver I believe
[dbsword] BWM once Erbil is law, Do you think Shabs will bring the dinar to $1first to load the cards, then RV a bit later?
[BWM] dbsword I differ on that... I believe it's all done in Iraq and once this is released you will see it there... why, because A) if they released erbil and goi, etc. what excuse would we have for NOT having an RV... B) they will not get 7 without an RV which is the UN and world's bargaining chip
[dbsword] BWM I agree on "B" Just wondering if that $1 thing, which is one news guys opinion, is what is being confused for the in country RV...
[BWM] dbsword THERE IS NO in country RV... I have that on very good authority... here is as close as I can get you on an "in country" process... it rv's tonight, our banks don't offer cash in tomorrow and Iraq gets to operate until the forex opens at 4 central during their business day... then everyone gets it "east to west" based on the opening of the markets... sorry but that's as close as I can call it to being labeled that way
[lovelylady] BWM didn’t they have meeting today and more tomorrow and monday to be removed from chap 7
[BWM] lovelylady no RV... no 7... period.
[cib] BWM is erbil done yet?
[BWM] cib it's like the RV.. pending not live... DONE, not public
[sleepwalker64] BWM BWM BWM will there be security at the banks or police
[BWM] sleepwalker64 I'm pretty sure most cash in locations are being chosen based on volume, security etc. there will be "agents of authority" in more metro/trouble areas I'm sure... in the sticks we don't need the po po... we got bigger guns to start
[cib] BWM any info on LD yet? ty
[BWM] cib yes, heard something on that today... still hoping to get pics/confirmation
[dbsword] BWM What are your feeling on the "no tax event" thing. to me that is dangerous to tell some people...
[BWM] dbsword I'm encouraged BUT need to see it in writing from MY tax atty