Bank Story #371 2/21/19

by **Ssmith** Sun Feb 24, 2019 11:48 am

This was live chat correspondence I had with HSBC 2 days ago

Info at 16:54, Feb 21:

Please wait while we connect you to the next available agent.

Info at 16:54, Feb 21:

You are now chatting with Alicia.

Alicia at 16:55, Feb 21:

Hello Bridgette!

Bridgette Lyn Dolgoff at 16:55, Feb 21:

Hello!

Bridgette Lyn Dolgoff at 16:55, Feb 21:

I was inquiring about the currency exchanges coming

Bridgette Lyn Dolgoff at 16:56, Feb 21:

there was several articles and annoucements about the ZIM

Alicia at 16:56, Feb 21:

We are unfortunately not able to quote any of the currency exchange rates since they can differ and change all the time.

Bridgette Lyn Dolgoff at 16:56, Feb 21:

this was from one such article which said that in a very short time with be able to exchange the zim bond notes in which i hold already

Bridgette Lyn Dolgoff at 16:56, Feb 21:

this is from the article

Bridgette Lyn Dolgoff at 16:57, Feb 21:

Zimbabwe’s government dropped its insistence that a quasi-currency known as bond notes are at par with the dollar as it overhauled foreign-exchange trading and effectively devalued the securities.

The measures are a step toward trying to create a new currency and stabilize Zimbabwe’s economy, which has been plunged into crisis as a shortage of foreign currency stoked the fastest increase in consumer prices in more than a decade and caused shortages of food, fuel and medicine. Zimbabwe abandoned its own currency in 2009 after inflation spiraled to 500 billion percent, allowing the use of the U.S. dollar and other units as legal tender. Bond notes were introduced in 2016.

A man holds Zimbabwean dollar bond banknotes

A man holds Zimbabwean dollar bond banknotes in Bindua, Zimbabwe.Photographer: Waldo Swiegers/Bloomberg

The central bank will immediately establish an interbank foreign-exchange market in which the bond notes will be denominated as electronic money known as RTGS dollars, Governor John Mangudya said at a briefing Wednesday in the capital, Harare. While the government has previously insisted that bond notes and RTGS dollars are worth the same as U.S. dollars, the units currently trade at between 3.66 and 3.8 to the dollar respectively on the black market.

Denominating bond notes as RTGS dollars will “establish an exchange rate between the current monetary balances and foreign currency,” Mangudya said. “The new framework is set to bring certainty, predictability and functionality to the economy’s foreign-exchange market.”

‘Effective Devaluation’

Bridgette at 16:57, Feb 21:

I was curious when the banks will be offering the ability to bring in the bond notes to exchange now that they have shorted out their currency issues and rates

Bridgette at 16:58, Feb 21:

not looking for a rate, just inquiring as to when banks will be ready to exchange currencies or particularly ZIM bond notes.

Bridgette at 16:58, Feb 21:

or whom might I call to gain that information? Thank you

Alicia at 16:59, Feb 21:

Thank you for all this information, Bridgette! HSBC does not provide currency exchange with Zimbabwe bond notes, Iraqi, or Vietnamese currencies, nor do we provide currency exchange for non-customers.

Bridgette at 17:00, Feb 21:

okay great to know..thank you will find another bank then..

Alicia at 17:01, Feb 21:

Oh I am sorry to hear that, Bridgette. I hope that you decide to continue to bank with us!

Bridgette at 17:01, Feb 21:

I will open an account with the bank who does or will be exchanging those currencies

Bridgette at 17:02, Feb 21:

i am sure you understand. I would give them all my business, money and work with them specifically

Bridgette at 17:02, Feb 21:

but thank you for your time

Bridgette at 17:02, Feb 21:

i will post this to all the people i know who are also looking..so they know not to go to hsbc

by **Ethel Biscuit** Sun Feb 24, 2019 12:02 pm

i will post this to all the people i know who are also looking..so they know not to go to hsbc

And the staff at HSBC will probably be very grateful to Bridgette for helping cut down the hordes of Dinar Idiots who keep phoning them!

ayestu

by TWW III Sun Feb 24, 2019 2:29 pm

Ethel, what do you classify as a Dinar Idiots

Often all u do is tear down Dinar postings.

So Im not sure if u are a dinar holder

u have nothing else to do here.

So, my question is: What are Dinar Idiots

by **Ethel Biscuit** Sun Feb 24, 2019 3:58 pm

Good question TWW III !

I'd say a "Dinar Idiot" is someone who listens to and follows the so-called "gurus" expecting to get any realistic picture of the world at all. Someone who may have - quite understandably - bought dinar in the hope of its being a good investment, but who has failed to realize that the "dinar RV" is a myth created by scammers and conmen. Someone who ignores information from the FBI and companies such as Forbes, who have repeatedly said that there is no chance of a massive revaluation and that it is a scam. Someone who prefers to believe that the FBI, Forbes etc are part of some deep conspiracy trying to get people to sell their dinar. Someone who, when the predictions of an imminent "RV" fail to pan out week after week, month after month, year after year, STILL believes that they are in on a great secret that most of the world knows nothing about.

That sort of thing.

by **Kevind53** Mon Feb 25, 2019 12:57 am

Someone who can read the story above and construe it to have anything to do with the toilet paper they hold would also fit that category.

Bank Story #371 2/21/19

Bank Story #371 2/21/19

Re: Bank Story #371 2/21/19

Dinar Idiots

Re: Bank Story #371 2/21/19

Re: Bank Story #371 2/21/19