Shredd's INTEL v2 - Interview with top big bank VP!! - Sept 27, 2013

Shredd CO-ADMINISTRATOR  Greetings All. Time for another "intel"
chat from your's truly. I thought I'd take a big step and have an
interview with the most senior VP I could get my hands on and
remember,

I've been working in one of them for over ten years now so I have
excellent access! I've been toying around with doing this for a
while so here it is:

Q: As you know, I'm coming to you with questions around currency
exchange rates, the process around it and specifics around the
Iraqi Dinar.

A: Yes, a lot of noise around the dinar as of late.

Q: Well, let's start with that then, what are you hearing about
the dinar?

A: Only that phone calls keep coming in asking about the rate.

Q: Ok, so when it's official rate changes, how soon will you know
or is there a way you have access to know ahead of time? Are you
notified?

A: With all of the resources at my disposal, there is no insider or
additional secret information about pending rate changes. The
exchange rate is what it is and when it changes, we immediately see
it across all systems.

We execute transactions and trade on a real time basis so rate
changes are a very common practice and they must be processed
immediately. This is how the process goes. It is immediate and in
real time.

Q: Ok, so one follow-up question to that.........in the dinar
speculator community, certain "gurus" are saying they have contacts
that tell them the rate is pending, final, awaiting approval,
waiting for three letter agencies to approve, system glitches and
so on that affect the release of the official rate, ust on
lockdown, banks hiring staff to handle exchanges and so many other
nonsense claims.

What are your thoughts around the validity of these statements?

A: Wow, well, this is funny to me. Again, like I just said, the
process for exchange rate changes is and has been a very automatic,
real-time, sreamlined process that is not known to anyone in the
market until it is official.

Only those at the BIS and and Central Banks for example would have
prior knowledge of pending rate changes and even so, this would be
only days prior to release and held to the highest standard of
secrecy.

Since you are coming to me with these rumors, I assume these are
easily accessible on the internet which would in turn cause swift
action against any valid leaks at these organizations and dealt
with in a timely manner.

Q: Makes sense to me and additionally, terrorist organizations
would leverage this as much as possible too.

A: Exactly and in banking, as you know XXXX, banks are held to the
highest standard around AML and KYC and OFAC. Any financial
institution that was found liable for a person leaking information
around pending rate changes would be dealt with in a severe manner.

Any employee of these entities would know not to risk jail time so
it's safe to say all the information you mentioned above is simply
rumors.

Q: Ok, thank you. Recently we have heard these same "gurus" are
mentioning IQN instead of IQD. Any word on that?

A: IQD is what is on our systems and any bank personnel will only
recognize that. Not sure what else you mean by that.

Q: That's good for me. One last question about Iraq in general.
What are you hearing?

A: I can tell you they don't have much of a footprint in the market
but I think everyone knows there is wealth in Iraq due to oil. To
remain anonymous, we are watching this region and have seen some
indicators of growth but the security situation and political
issues remain a concern.

Q: Ok, I lied, one more follow-up question to what you just said.
I've discussed in our forum about the concept of triggers that will
spark investor growth and at a fast pace.

I feel many of these are present in Iraq now such as the recent
release of Chapter VII, banking reform and substantial growth in
reserves. Do you see Iraq coming to the market strong?

A: Well, XXXX, I know you know your stuff around corporate
investments because of your work with the XXXX and XXXX accounts so
I'll say this: the ingredients are certainly there for Iraq and as
we've seen in the market, it can quickly respond, either negatively
or positively, to situations like what you mention.

When investors get a taste or see their competitors rush to an
investment, it doesn't take long. Just like you saw with your XXXXX
client. We were closing on billions in just a few months.

Q: Yes, so true! Ok, I want to publish for our members in my forum
so what advice would you have to speculators in the dinar?

A: Well, I guess from a common sense perspective, don't buy dinar
based on rumors or information you can't verify yourself. There is
not one successful investor that operates that way.

 XXXX, you've told me about how some of these guys [gurus] say they
can see back screens or contacts tell them the exchange rate is
about to change, or tellers saw pending rates but all of that is
simply untrue. There is no way anyone is going to know what the
rate is going to be ahead of time.

Plain and simple. Study the country, the demographic, the laws,
etc. Also, diversify. This should not be your only hope for a
return on investment.

Q: Ok, thank you xxxxxxxx. I appreciate your time.

A: Happy to be of service.

Blanche

 

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