angrytiger says: What I did for my own sanity was Google this search string: “foreign currency exchange” bank Lynnwood - Where Lynnwood is your city. I am on an iPad so no need to enter my State but you may need to. What came up was http://www.travelex.com/ – they have 3 locations in my state that are in banks.
One is 10 minutes by car (7 if I drive like a maniac). I called them and their currency desk is open in the branch during all normal business hours. They do all currencies listed on their web site. The Iraqi Dinar is not listed so I did not ask about it.
My plan is brutally simple. My Dinar is under my car floor mat as I type. I check the WHA site for new Fact Checks starting 8am Pacific time (-8) over a dozen times a day. I work online so I just leave a window open and refresh. When I’m out, I check with my phone or iPad.
angrytiger Continues: When the word comes down, i will follow any instructions from the WHA here– barring that, I will get in my car and go to the US Bank with the open Travelex desk in the bank right near my house. I assume even my modest 1.5 million Dinar will require me do open an account there before I leave since banks don’t have much cash.. I will remember to negotiate a higher daily cash withdrawal amount.
Even at an RV of $1.00, I plan on calling my friend who knows about large sums of money, frankly I don’t have a clue what to do. I think first, I will have a good cry whit it hits me my life will improve… Next, I will report back here and attempt to express my gratitude…
Should I locate alternate locations in case there are limits? How does my plan sound to you WHA? I really value your input. Thank you CML
whitehatauxiliaries says: Every time I see your posts, I think of your initials “CML” and it reminds me of those of Christine Lagarde, which are eerily similar.
I think your plans are well thought out. I have my currency in a safe at home, and the combo is set so that I have to simply turn it to the last number and turn the key, and I have my package, complete with certificates of authenticity, ready to go.
The bank is 5 minutes away. I work from home so I can keep an eye on the blog as well.
We may have a one day pre-warning. That is not a guarantee, and is subject to change. You can imagine the pressure on my shoulders should we get this wrong and unleash a torrent of people charging into a bank with pitchforks and lanterns. So, bottom line, just watch the currency sites for rate changes.
As we have been told, banks are pretty much clueless, as is proven out by the responses that many of you have gotten from the bank employees: “HUH?”.
This strikes against guru “intel” that says they are warming up for your arrival with tea and crumpets. Whatever your plans are in the details, just make acting promptly your number one priority. Thank you!
angrytiger says: So does the possible “one day pre-warning” mean we might be told “the RV is going to happen at 8am Eastern time tomorrow morning” ? If so I will sleep in the bank parking lot since we are 3 hours behind here–10am here is 1pm on the east coast..
whitehatauxiliaries says: No. It does not mean such a warning will be posted. I will only post what I am advised to post, when I am advised to do so. WHA is NOT able to issue such advice on its own. We can only issue what we are given to issue. When it is given, we will pass it on, in whatever form it is given to us to post, and at whatever time we are told to give it.
A prediction of how it will be done is not available.
One thing we want to avoid at all costs is to devolve into a sort of “tomorrow we should be at the banks” recording, played over and over with no result.
You can understand the pressure here. If we say go, and are wrong……….then suddenly WHA becomes simply a de facto guru site. That’s not going to happen on my watch. Thank you.
Derbygirl says: Dear WHA Am mistaken. I thought we didn’t need certificates of authenticity if so what happens to those we gifted?
whitehatauxiliaries says: They will check it at the bank with a scan. The certificate, if possessed, it just icing in the cake and lends credibility to the chain of possession. It’s not critical, but a nice touch.
Abby says: Tony – I think if our currency passes inspection being not counterfeit, its fine. Afterall as have all probably been given USD’s that have been in drug dealers or prostitutes hands, so what?
CofA’s prove nothing anyhow unless they also include the arabic serial numbers, which mine do not. I don’t see what it matters where it came from. There are many people who are very worried about this CofA, everytime it is mentioned. IMO
whitehatauxiliaries says: The C of A certifies that the dealer passed you authentic, non counterfeit funds. They most assuredly recorded the serial numbers in their records, referenced by a sales or transactions number. We have bigger worries to manage on the horizon. This issue is minor. Stay tuned.
Jay says: Dear WHA, I am looking for clarification. My understanding is that PP is a private contract and will probably have a different rate than market/street rate but that when the event occurs both will be available at the same time. In other words, PP will not be available before the street rate. Is this correct?
whitehatauxiliaries says: Hello, I have no specific information on that particular sequence. At this time, I do not think I would be allowed to release such information if I had knowledge of it. We will know soon enough. I hope it works out well for all concerned.
Paul Pollock says: On the point, dealing with the PP’s. Most of these are, as you say, contract fulfillments. That means there is NO conversion rate. PP participant contractees will simply be handed a pile of mineral-backed currency. One hopes your pile is large enough to please you. This stuff is very simple.
The folks in the RV’s DO have convertibles. The PP’s mostly do not, there’s are composed of the contracted yield, plus roles (if appropriate), and then any interest accrued because of non-contracted delays that stand as a banking obligation. Hope that helps; have fun and good luck!
PD says: Hi WHA,Follow up question … Does this mean that when the RV happens its only in the USA possible to get the RVd rate for dinar and dong? Im from southeast asia Thanks much WHA
whitehatauxiliaries says: Hello, I have never been told that the “rv rate” will only happen in the USA. I have been told that, for example, those in Canada will be able to exchange with no problem in Canadian banks. I don’t see why not any other country with access to international banking with currency desks.
James says: WHA Your reply to DLC above makes me think… you said “check now if banks do dinar/dong and if so they’ll no doubt do them after” but here in the UK I can find loads of banks who offer the dong (and all internationally tradable currencies), but no dinar as it is still untraded.
Does anyone else reading this (who may be in the UK) know of any banks over here who deal dinar now? I don’t think there are any. I heard Barclays used to, but stopped a few years back. So this raises big alarm bells for a quick cash in. The dinar looks very shakey for a quick cash in.
Here’s the same old worry from me: upon hearing the RV, banks aren’t going to suddenly, within minutes, be like “oh yes ok we now deal IQD as from 2 minutes ago!”.
Just ain’t gonna be that efficient. So there will be delays with banks, surely, regarding the dinar being dealt with. All other currencies = no problem (unless the news makes everyone panic and banks decide to suspend trading until further notice, which is another huge worry – yeesh.
I can REALLY see this actually happening, by the way, for all RV’d currencies within minutes of the announcement, just my luck).
So yeah, that’s the big worry with the dinar. If a bank doesn’t say yes now, they won’t suddenly say yes the minute the news hits the wires. It’ll surely take days, weeks maybe, until they are open for dinar trading. By then it could all be worth nothing, who knows.
The more time this takes the more time my mind has to race and get very negative about this whole “investment”, or whatever you want to call it. I can see how this will be a nasty, messy, dog-eat-dog fight to get yours as everyone gets theirs, hoping not to be shut out.
The internet will start filling up with comments like “I just cashed in! I’m rich!” as you sit there biting your nails waiting for your bank to start trading the dinar!
You’ll be ringing round all day and people will be like “whoo hoo I’m cashed out” as your bank stalls and suspends. I can just see all this coming down like this, now I have read from OWoN that there is no protocol in place for all this. Crash helmets ready, it’s gonna get ugly.
Shame, as obviously the GCR was supposed to further us as creatures of dignity, not turn us into dog-eat-dog hustlers trying to chase the $$ before the guy next to us gets his.
One last point I don’t think anyone has talked about yet: time differences around the globe. Man, here we go: depending on when the announcement happens, some people may get screwed over depending on what country you are in. On a time map of the globe, the east opens first for business.
Then it hits the middle ground, Europe, Africa, UK, etc then the trading day finally opens last in the USA.
If the RV comes at, say, early morning London time, and banks open genrally at, say, 9am around the globe per country, then in this example the Asian nations will be cashing in already along with Australia etc, then a few hours later Europeans/UK will be too as their banks open, then the USA will be waiting 5-6 hours still before they can do anything.
Of course, it could work the other way if the announcement comes late afternoon US time: the USA would then get to cash in late afternoon as the rest of the world (now closed for business) has to wait until the next trading day. LOL – oh man this is gonna get nasty. :(
Dog-eat-dog? You better make sure you got big teeth (and hope the announcement comes in while your country’s banks are open!!!) J
LL says: Feel same as you, I purchased my Dinars from a currency exchange center. If banks are not cashing out, I may see what they are trading at, only problem is, if its decent amount, they won’t have cash on hand and do I really trust them for a check / cashiers check?
Abby says: James — I think you are my second best liked Brit that I have ever known, lol. (I assume you are british, lol) My No. 1 favorite however is Sir Michael, who I found to be so very cordial, polite, and a perfect gentleman, who will have a beer with a commoner like me, lol. And I just happen to love a cigar smoker. (see, I actually do like brits)
Anyhow James, I have some of the same concerns that you do, but I decided not to get all hyped up about it and will only really know how it will go once the money is actually in my hands.
I only hope to have a decent amount of ”wealth” to make me comfortable, but I do not bank on it. I keep my mind on my most immediate needs and to get on my feet again, which I think will be the least that will happen.
Anything beyond that I count as gravy, and then and only then will I actually make plans for it and proceed from there.
James, what other choice do we have? Since when has the world ever really opened doors and allowed such anyhow? (We know by now that certain individuals are Chosen for all high paid positions, when ”they’ see that person will play their game and do as they are chosen to do.
There is an Agenda to keep all others out, regardless of their skills, ability, preparation or education.)
For now, all that we can do, and should do, is make phone calls and get a bank lined up for where you will go once you get in the car and start out. Ask if they can give you the services that you will need.
Hanne says: Does the present silence have any significance? No updates here nor anything new at OWoN.
whitehatauxiliaries says: Now that is a loaded question……. Please remain patient and whatever is allowed to be released, will be with all possible speed. Thank you!
whitehatauxiliaries says: Hello,We cannot see what is going on behind the scenes every moment of every day. The last series of updates we have been allowed to share with you are pointing to forward progress. That can only mean that there are plenty of toes roasting. Thank you