In terms of economics, they want to open up their country to trade internationally on a bigger scale. It is just a matter of time, and maybe we think there is a delay when there is none and they are working towards revaluing their currency.
We just don’t have all the facts and details. We will reap if we faint not. They have done a lot and like Tony said they are working to get this done. I believe they are working night and day to get it done.
[pet3md] Great …very true…if more people on these sites would get that simple scenario…it would be great. This is all very simple
[Great] Pet3med, I really believe it to be true. If we just think about certain business matters that we conduct, we all go through the waiting and waiting, especially if you are dealing with governmental entities. I am involved in a business where we do contracts for the govt on a small scale and it takes months for them to pay.
Read More Link on Right
jodibrat] 9:42 AM There are several folks who have great resources. One of the things I have prided myself in was to try and bring things as not an intel person but just a member of which I am just a member. One thing I do know is that I no longer get frustrated because I have dug out the facts. The RV is here folks bottom line. It is complete even though you nor I are at the bank YET. There are no delays, holdups or anything that is in the way and if there was it has been dealt with. Remember my anagoly of the train. All have now left the train. First class is done, Business Class is ALMOST done, then we will order and be done and leave the building forever.Lxxxxxx
[pet3md] SRQ Ithink the First class and Business class people he is speaking about only got IOU’s from the banks….their assets are technically frozen and waiting on the actual RV date with the rest of us
mommyofdinar: We are all awaiting a blessing & I have faith & believe that it will be in our bank accounts b4 Sept 1st.Things may not come when we want but PRAY it into existence.Things happen for a reason and we may not understand them.Each of us needs this for one reason or another……and thats one thing we can all agree on!! Stay focused!!ITS ON THE WAY!!
Camelhump: I literally just received word from my friend who oversees a group of bank branches in Virginia that his branches are ready to exchange the IQD for the revalued rate at a moment’s notice. But even he doesn’t know what’s holding it up at this point.
He can’t do it until he’s given the green light. What shocked me is that he said the rates won’t be negotiable, at least not at his bank. He explained that the bank will be offering a very competitive rate right out of the gate and that they actually won’t be making much on the spread.
The bank just wants to get the deposits on their books so that they can loan them out at obscene rates on mortgages and credit cards. Also, he said there will be no dedicated exchange centers, at least not in Virginia.
He did suggest that I shop around for wealth managers and actually discouraged me from using the bank for such a service because their fees tend to be introductory teaser fees that expire after the first year. Good luck everyone.
I can’t emphasize enough that he has no idea when he’ll be given the green light to start exchanging at the new rate. But don’t let that discourage you….after all it could be worse….you could be a camel without a hump….
FishBW] check this– article on IDR and RV….
SpecialAgentGibbs: Look to all the changes that have recently occured. Basil3, banking transparencies, the way financial business is conducted, even the Pope laying down new rules…. All of these things are designed to make this a better world for the “little” people. We may not agree with the waiting BUT, without these things being done, our “blessing” would be minimalized & short lived. Please think about how you would feel if this turned out a financial “flop”, and 6 months later we were all right back to square one. Be grateful for what is being done for US.