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Entry Submitted by Navigator at 3:23 PM ET on January 9, 2024
As I understand it, I have two options to exchange foreign currency. I can take it to a bank, or I can take it to a redemption center. The bank rate will be substantially less than the redemption center rate for the currency exchange. At the redemption center I will turn over my currency or tender it. As an example, I may tender 4 million in IQD… Dinar and a million dollar Zim bond and in return I will receive $10,000 in cash and a card. Hmmmm. Not the wisest financial choice. Then, I will sign a non-disclosure that says I cannot discuss this transaction with anyone. The NDA is for my own security. Again, hmmmmm.
Am I the only one on the planet who considers this process to be somewhat questionable? I have bank accounts. Why not deposit the total amount of the funds immediately? If my accounts are mirrored onto a Quantum Financial System, why can’t I see the funds immediately real time and use them from this “card” at the time of the exchange?
I am reluctant to be skeptical, however, this process appears to be quite tenuous in spite of all of the justifications. The substantiation for the NDA does not equate. Essentially the currency is exchanged for a minuscule fraction of the amount of its value and for a period of time it cannot be discussed with anyone without severe penalty and without signing an NDA, no currency exchange..D********e trickery? This does not sound like the essence of a New Republic, but shadows the old one.
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