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Dinar Trade Info? Ledger-to-Ledger Changes?

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windreader1



Don't know if this is true so am posting until it can be debunked or confirmed. Windreader1



* Email to DD: Dinar Trade Info? Ledger-to-Ledger Changes?
March 8th, 2011 09:58 pm · Posted in CHATS & POSTS (Iraqi Dinar Info)

TIDBIT: I haven’t spoken with Ali yet about this, so I’ll give him a call before I react to this. This was emailed to me, so I’m passing it along. – DD

Item #1 Yes, I also just got off the phone with Dinar Trade and this is True that a new law had been passed for the State of Calif. stating that no ledger to ledger transfer allowed. The person I spoke with at Dinar Trade said the law had been passed in January but had just gone into effect NOW (interesting timing I might add) and that the reason this would affect the whole country is because of the fact that Ali’s banks are all in California that is where ‘all’ of the wires will be initiated from. (Although I see this email states ‘world’….not sure how that would apply for people who are cashing in….in another courntry. ???

Item#2 I also received a call today and did verify this with D.T. as well. “A new regulatory law had come down from the U.S. Treasure to Dinar Trade in the last 24 hrs. stating mo more precious metals purchased (like-kind exchanges) through Ali.” So as one person put it that hole has been closed up.

Item#3 Also a 3rd regulatory law that had come down from the U.S. Treasury had been given to Ali/Dinar Trade that no one can cash in for a 3rd party (meaning another person) even with a notarized letter of approval”. Each person must cash in their own dinars and that each transaction would require a FINcen form 104 be filled out.

Item#4 In order for any proceeds to be wired to another country one would need to be a citizen of that country. In other words Ali would be restricted to only wire funds into accounts for U.S. citizens into an account her in the U.S.

Guest


Guest

chitty stopped by for coffee asked him about the above:


[05:41:24 09/03/11] @ chittychittybangbang : guys I have had no such info from DT... have had no e-mails as to the validity of these

Guest


Guest

Here is were that got started:


Dear Friends,
Aloha! This is a very clear update of the changes that have recently occurred in our government, which supports
RV is any time!!!


Infinite Blessings,
Cassandra

We Are One Ministries
PO Box 624
Haiku, HI, 96708
808.573.1213 business
love@lightweavingjoy.com
http://www.LightWeavingJoy.com


Hey, All!
Wondering why we had not seen the RV before today?
Wondering what the "O" crowd could be doing in the "gotcha" arena?
Well, wonder no more! U.S. Treasury laws that went into effect today:

1) No ledger-to-ledger exchange of currency.
2) No Third-party exchanges. (each dinar owner must exchange for themselves).
3) No exchange of the dinar for prescious metals (read gold and silver). This will be regarded as tax evasion.
4)
If you are in the U.S., a citizen of the U.S., you MUST exchange dinar
to U.S. dollars before the monies can be transferred to accounts
outside the U.S.

TAA DAAAA!!!!!!

The Good news is that we now know we can truly expect to see the revalue at any moment!
Also,
there is a website supported by CNBC that deals with places to invest
monies made from currency exchanges... IS THAT NOT INTERESTING?!? The
website will be launched on Friday. TAA DAAA!!

You may now look diligently for the revalue to occur! Norma

Guest


Guest

I think I know what law these people are talking about...talk about dejavu from last year:

Treasury Secretary Timothy Geithner appeared sympathetic to some of
these arguments before the Dodd-Frank financial-regulation bill was
passed last year.

Here is the law:

http://thomas.loc.gov/cgi-bin/query/D?c111:6:./temp/~c111GIfDQD::

Guest


Guest

Found this on DV:

1) USD Provider and IQD Provider, directly or through their authorized
mandated representative would accept, sign, seal and return a private
currencies exchange agreement, along with IMFPA which is an integral
part of this PFCTA, by fax or e-mail (hard copies to be sent by courier
service if required). 2) The IQD Provider arranges the USD Provider's
multi currencies account for the purpose of this transaction. The USD
Provider shall provide to the IQD Provider the necessary documents for
the account opening. 3) The transaction will start as per the agreed
schedule immediately following the activation of the specialized bank
account. 4) The USD Provider shall transfer daily the face value of each
scheduled Tranche less the Discount to his specialized bank account.
The IQD Provider executes the exchange immediately when the funds are
received on the Customer's specialized account. The balance of the face
value meaning IQD Provider's Bonus and intermediaries' Commission, the
Discount, will be transferred the very next day as per Addendum 4. This
way, fees are paid after performance of the IQD Provider

Guest


Guest

MrsCK wrote:Found this on DV:

1) USD Provider and IQD Provider, directly or through their authorized
mandated representative would accept, sign, seal and return a private
currencies exchange agreement, along with IMFPA which is an integral
part of this PFCTA, by fax or e-mail (hard copies to be sent by courier
service if required). 2) The IQD Provider arranges the USD Provider's
multi currencies account for the purpose of this transaction. The USD
Provider shall provide to the IQD Provider the necessary documents for
the account opening. 3) The transaction will start as per the agreed
schedule immediately following the activation of the specialized bank
account. 4) The USD Provider shall transfer daily the face value of each
scheduled Tranche less the Discount to his specialized bank account.
The IQD Provider executes the exchange immediately when the funds are
received on the Customer's specialized account. The balance of the face
value meaning IQD Provider's Bonus and intermediaries' Commission, the
Discount, will be transferred the very next day as per Addendum 4. This
way, fees are paid after performance of the IQD Provider

the above quote is from:
http://wiki.answers.com/Q/What_is_a_Ledger_to_Ledger_Currency_transaction

Guest


Guest

Philly Man .... here is the latest procedures from Dinar Trade:

Updated Exchange Procedures for Dinar Trade as of yesterday.

The FIN/CEN Form 104 has been updated with revisions as of March 2011 as was discussed yesterday.

----- Original Message -----

From: DinarTrade Sales

To:

Sent: Wednesday, March 09, 2011 5:20 AM

Subject: Dinartrade.Com Exchange Procedures


Exchange Procedures

Dinar Trade procedures for exchange at the time of a significant change in the value of the Iraqi Dinar, as listed below:

We
will be taking appointments on a first come first serve basis. We will
only cash in your dinars with a scheduled appointment. At the time of
exchange we will notify our customers via email as well as posting it on
our website. Our Santa Monica, CA and Brentwood, TN offices will be
open immediately. Our other offices, which are listed below, will open
within 5-7 business at the time of a change in the value of the Iraqi
Dinar greater than $10,000 per million Iraqi Dinar. There will be no
limit on the amount of Iraqi Dinar you may cash in.

When you are ready to exchange your Iraqi Dinars with Dinar Trade:

Call 1-877-770-7660 or visit our website at www.dinartrade.com, to make an appointment. Let us know which office you would like to go to in order to make the trade.

Groups:

We
will take group appointments. A group is considered 5-30 people. At the
time of the appointment you must inform us of the number of people in
your group and the total amount of Iraqi Dinars each person will be
exchanging. If locking in a rate, each person in the group who would
like to lock in will need to sign an agreement with Dinar Trade,
guaranteeing the amount of Iraqi Dinar to be cashed in. Each person in
the group does not have to lock in a rate. Each person in the group is
responsible for their own appointment and rate lock in.

Individuals & Groups:

You will need the following:

2 forms of identification (one with a picture and one with your name on it, for example a credit card or utility bill)
Fincen 104 form (
http://www.fincen.go.../fin104_ctr.pdf ) We will complete a Fincen 104 form at the time of appointment.
Bank incoming wire instructions ( ABA Routing number and Account number)
We
will wire the funds form our bank account here in the U.S to your bank
in the U.S. while you wait at the time of exchange. There will only be
one wire to one account per customer.

Due
to changes in regulation individuals must exchange their currency
themselves. A third party may not perform an exchange on your behalf.
The use of a third party will not be permitted.


International
customers: we will require a copy of your passport and banking
information to exchange at locations inside the United States.

Fees:

Dinar Trade will charge $150 per million Iraqi Dinars as a service fee for exchanging your Iraqi Dinars.

There in No minimum quantity of Iraqi Dinars that may be exchanged. The minimum fee is $150.

Rate of Exchange:

We
will offer customers who have purchased from Dinar Trade the option to
lock in a rate for the time of their appointment. Our rate will be based
on the Central Bank of Iraq's buy rate. We will post the lock in
agreement on our website and we will also fax or email a lock in
agreement to the customer that must be signed, notarized and faxed back
to our office within 24 hours. If the fax is not received within the 24
hours your lock in rate will be forfeited. Once locked in the
appointment and rate cannot be changed or canceled. There will be legal
recourse for individuals who lock in a rate and do not arrive for their
appointment. The lock in rate is guaranteed until the day of the
appointment. A lock in rate means that the price is agreed upon whether
the rate goes up or down.

Customers who are unsure or do not want
to lock in a rate will receive the rate on the day of their
appointment. The exchange rate will depend on the rate in Iraq at that
time of the appointment for customers not locking in a rate. We will let
you know the rate on the phone but it will not be confirmed until you
arrive at one of our offices at the time of exchange.

We
encourage everyone to check all other sources who will be exchanging
Iraqi Dinars and their rates before calling us. We are confident we can
beat their rates.

At this time we have 2 offices open:

Brentwood, Tennessee

Santa Monica California

At
the time of a significant change in the value of the Iraqi Dinar we
will have the following locations open within 5-7 business days.

Locations to open:



-Manhattan, NY
-Grand Forks, ND


-Spring Hill, FL
-Las Vegas, NV


-FT Smith, AR
-Toledo, OH


-Waxahachie, TX
-Salt Lake City, UT


-Albuquerque, NM
-Kent, WA



We
will not disclose the addresses of these locations for security
reasons. We will only disclose them to customers with appointments. If
you would like to exchange before a location near you is open, you will
have to come to our office in Tennessee or California.

We
estimate that you will not have to wait more than 3 business days when
making an appointment. If making an appointment for an unopened location
we estimate that individuals will be accommodated within 3 business
days of the opening. We will accommodate on a first come first serve
basis.



Exchange Options:

At this time we are not offering any precious metals for sale or exchange.


If
you would like to exchange your Iraqi Dinar for one of our other
currencies you must notify us before your scheduled appointment. We will
only offer exchanges at our Santa Monica, CA location.

-Chinese Yuan

-Vietnamese Dong

-Korean Won

-Afghani Afghan


Precious Metals:

Due
to new regulations Dinar Trade will not be exchanging Iraqi Dinars to
precious metals. If you would like to purchase precious metals with the
funds attained from exchanging the Iraqi Dinar you may do so. We can
provide a contact where you may purchase precious metals or you may find
a source of your liking.


Taxes:

Dinar Trade is
a currency exchange. We are not a tax attorney or CPA. For tax
questions kindly contact your accountant or financial advisor.

The
above does not constitute that Dinar Trade knows if a change in the
value of the Iraqi Dinar is going to occur. We are informing our
customers of the procedures our company will take at the time of a
significant increase in the exchange rate of the Iraqi Dinar to better
serve them.


Dinar Trade reserves the right to change any of the policies depending on market conditions.

lionheart

lionheart

wow, see the changes such as no exchange for prec/metals, are they gearing up or what?

Guest


Guest

Don't know lion what this is all about yet. So far I can't find anything that says the US Treasury HAS changed their regulations/laws on currency dealers.

It may be last years law Dodd-Frank and the US Treasury has sent out "update" to currency traders.

It could be in the new Basel 3 agreement for world wide currency dealers.

It could be just ONLY Dinartrade changing "their" regulation/policy at time of cash in.

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