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Entry Submitted by Danlboon at 9:19 PM EST on January 11, 2022
Nick Fleming: RV/GCR Update “Exchange Rate First” 1-11-22
Per the statement made here:
“In Mexico, for instance, Banamex (a Tier 1 bank), is no longer accepting physical (walk-in) foreign currency from clients. All foreign currency must be sent digitally to facilitate an exchange into pesos. In other words, only wire transfer directly from that foreign country is accepted. VND and IQD are not showing on (Banamex) bank’s screen at all – not even listed, which is highly unusual. Are the Tier 1 and 2 banks in US, all of the banks that previously exchanged these currencies through their foreign exchange services, and coordinated with Bank of America; still exchanging physical currencies? Are any accepting VND?”
It appears there is an error made in full of what was said or else there will NOT be ANY Currency Exchanges Allowed. If your COLD HARD CASH in foreign currency must be transferred from that country where that currency originated from then digitally wired as your own country’s currency into your own account, like in the USA, then there are massive amounts of losses made by the holder. First, you will have to travel to that country, as the USA banks will not accept that foreign currency for exchange, like it has done in Mexico, which then holding all that COLD HARD CASH the TSA will stop you at the airport with all that cash and they seize it, besides you paying possibly $1,000 per airline ticket to travel, and most likely you will be arrested for having that cash as the TSA does not know of what is going on.
It is like each and everyone of us that do need to exchange are left holding the bag with massive amounts of fiat “paper” worth absolutely nothing.
Danlboon
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