- Demonstrations: Plan was for demonstrations today to turn "evil" if no reforms, like rioting. Citizens still unhappy and angry. It appears the announcement of "economic reforms completed" is not sufficient to satisfy the people. Unknown if demonstrators have penetrated the "Green Zone." It is unknown what level of implementation has taken place from the announcement. Currency rate increased? Salaries paid at higher rate? Etc. Ray: Have not received any information thinks will be put off another week, especially with the citizen situation. Not hearing the citizens are pulling up their tents or going home.
- TV Mosques
- Rates: The ZIM 200 million note is expected to be exchanged.
- Viet Nam: VN have lower denoms? Ray: Don't know that Viet Nam has any other currency. They have working currency and will just revalue. Somebody look into this and post in forum what you found out. Something to think about.
- Taxes: Ray: No update on tax situation. People strongly putting info out there meaning both ways - taxable and not. Each side has conviction supporting them that is the case. Time will tell.
- IRS Ruling: A letter of determination applies only to an individual. Would not be a viable action to pool our resources as a group, to get a letter from the IRS regarding the status of currency taxation.
- Exchanging: The bank will require you have an account with them to exchange. You could be booted in 30 days.
Highlights of TNT conference call. Updated as the call progresses.
Ray: We are going to knock this out of the park. Short N Sweet. Today is almost like de ja vu for Wednesday.
Plan (in Iraq) was for demonstrations today to turn "evil" if no reforms. Have announcement in the mosques that "economic reforms" completed.
Over here, still waiting for the lead bank.
CURRENT WINDOW: Ray: We are in a constant state of wait. Be nice if it was today. Would have been nice if it was yesterday. It's my understanding they want this done by the end of the month. We go day to day as we don't have a new date to look for. I am very hopeful, just can't put a finger on when.
Negotiation Terms EX: A CD that normally pays 2%, the bank may say, leave the money for two years and we'll pay 10%.
Q & A:
Q. – Ranges for rates? Ray: As far as I'm concerned they are just "place holder rates." When you go in they may show you what is on the screens.
Q. - Do you have information, that you would like to share, that you have overlooked in the past? Ray: No.
Q. -Circulated and uncirculated notes exchange the same? Will the AB be the same as AA series? Ray: Look in your pocket. That is US money. Clean, crisp it's uncirculated. Dirty and wrinkled, it's circulated. . . Doesn't matter which they will do the same thing, have the same value. As far as AA, AB, series, the bank is accepting it all.
Q. - Recording the exchange? Ray: I don't see the need for that. Everything will be in writing and deposited in your account.
Q - People monitoring the mosques and configuration looks different. Almost as if set up for instructional purposes. Do your people report what is going on? Any addendum to the announcement? Ray: Nothing more has come from over there regarding that. Surprised we don't have more additional information. Our best sources too close to the action. Information from them will be close so it cannot come back on them.
RAY’S CLOSING STATEMENT:
The information is what it is. It's all we can do. Some of you may have been looking for something this morning, yesterday, last night or later today. Don't have the answers most are looking for. Don't have the solutions. Can't create them or force them.
All we can do is wait. Make sure all your loose ends are taken care of mentally and physically and that time comes you won't have one more thing to do.
Get your questions answered. If bank, call and ask them. If structured payments, benefit payments, you can call those people now and ask "how will this affect my current lifestyle" if you come into large sum of money. You don't have to mention dinar.
Have a wonderful weekend. All we can do is wait. If the information comes to us we will Tweet you. . . As fast as we get it if that be the case. Until then going to wait because I believe. ( played "I Believe.")