_12:08 PM [BWM] Have read a lot of negativity this morning... I will say this, I have never been in favor of sticking a time/date stamp on this thing. It sets up too much expectation on an event we do not control the final outcome.
If you find yourself "counting down" to a time then step back... enjoy a moment of childhood and just "be surprised" by the rate showing... spend your worthwhile time preparing for the work to come. I'm personally tired of "window shopping" but at the same time I continue to learn and prep for the work to come.
I have tried to explain many times that this is bigger that Iraq... and we spend too much time looking in the wrong place and focusing on too many little things... welcome to the new blueprint of economical growth and recovery. On the flip side... I have a freshly shaven head and am ready to go to the bank...
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_ [snow queen1] Good morning BWM! I would like to get some clarification on the bank packages. I don't want to sit on the Dinar and wait for the packages unless they will help in negotiating for the rate we will receive or are they to help us with the services that will be provided after the fact?
[BWM] snow queen1 - The main uses of the bank packages should be the fact you have a "known" starting point to negotiate... especially if you have a bank that you would like to deal with that is not in the offered package plans... I have repeatedly said, ASK for more... welcome yourself to the new life of ppl needing YOUR business and make them work for it
[BWM] snow queen1 - If you are uncertain as to what you will get at your bank then you should first, find out what they are offering you... if this is something that you bank has denied any knowledge of up until this point then you will have to wait for the rate to show to determine where you can negotiate
[BWM] moneyme - It can show at any time but most likely IMO at ALL places at the same time.. that could change but the expectations are everywhere even if it means the cbi updating during the day for a second time
[ram1] Has RV in country in Iraq been confirmed?
[BWM] ram1 - Irrelevant IMO
[BWM] Also, many of you are like me - searched high and low for a de la rue machine... this is not the important question... the question to ask is this, "DO YOU VERIFY YOUR CURRENCY TRANSACTIONS ON SITE
Some may use computer scanners, others may use their books the point is this... YOU ARE LOOKING FOR THEM TO VERIFY YOUR CURRENCY AT THAT LOCATION....
[madi] Do you think after the rv shows that most all bank will cash in dinar?
[BWM] madi once some figure we're not still at "war with iraq" I'm sure they will... once it is listed on their currency screens they really don't have much choice
[SALTYDOG] If the banks don't have a de la rue machine then verifying by hand could take hours if someone had several hundred notes
[BWM] SALTYDOG - If they don't have a way to verify then don't go there... the ones that will do as you say will prolly try to just send it off... don't take it
[CajunBelle] I am going to take my own three-way counterfeit detector with me -- I wonder how they will react to that?
[BWM] CajunBelle - If you have already checked it.. then you shouldn't even be worried about it
[shalala] I have Warka and also cash on hand...so just curious what info. makes all believe the RV is "done". Warka still showing same exchange rate. I presume it has been "finalized" there, but no "released live" there or anywhere else yet. Am I right?
[BWM] shalala - Again... Iraq is a cog in the wheel IMO... the bus is carrrying a lot more "stuff" at this time... if you focus on Iraq then you are too close to the wheels
[BWM] SALTYDOG Again... if they cannot handle it, they will send it off... the scanners work pretty quickly and the lights are immediate... if they need to send it off you don't want it IMO... hence, ON SITE VERIFICATION... ask, they will tell you and prolly ask how much you need to do... if you say more than they are willing to do they will pass you along or tell you they have to send it off
[shalala] I am focusing on the big picture, but like the rest of us, what we care about most at this moment is when we can cash out. Not minimizing the global picture, just hoping the RV part is REALLY done soon. Trusting Jonnywgs info. that it will be.
[BWM] shalala ABSOLUTELY.... not to diminish the importance of this for the Iraqi people... but let's face it... In reality we got in this not to benefit Iraq but our own situations
[shalala] BWM Right! I do pray that many of them are blessed by this. They are the only ones that "deserve" it. I am blessed to be a part despite not deserving a penny...just an unmerited blessing. Thanks for sharing today.
[BWM] shalala you are welcome... and I hope you are truly blessed by this...as we all will be... soon
[BWM] texan2 They will check it again... doesn't matter... it left their facility and it has to be verified
[KYRV39] If they verify by light or book how long will we wait to use our money?
[BWM] KYRV39 If they verify ON SITE then depending on the banks procedures and your accounts... most within 24 hours OR LESS... some will be immediate depending on their accounting policies
[BWM] KYRV39 - Most policies seem to state 10 thousand cash in hand... that can vary by branch..
[NCTexan] I would hope they would wire to different accounts that day depending on policies???
[BWM] NCTexan yes... they will wire.. some may require a certain percentage to stay in THAT branch for a certain period of time... say 20% for 6 months or so...
[sandytob] BWM Would cash in hand include certified checks that you must leave with?
[BWM] sandytob cash is cash... checks are checks... checks are digital money LEAVING A LOCATION...
[wizard] Has there been a NEW update?
[BWM] wizard in general... plans may vary by bank and branch... see YOUR location once the rate hits to determine what best suits YOUR plan
[BWM] ok.. funny true story (not a code)... several years ago, I was walking one of my classes to lunch (seniors) and we has to pass a hallway with the third graders (elementary was coming FROM lunch) and they loved to high 5 the football players and other students... so I'm at the end of the line walking and the kids are high 5'ing me also because I was a football coach too... now I had never seen the show, but this third grader high 5's me and grabs my hand, look's straight up into my eyes and says... DEAL OR NO DEAL.. my class had a fit and even never having watched the show I knew the phrase and busted out laughing... punked by a third grader every BUBBA has his day...