"RV UPDATE" BY FRANK26, 16 FEB

 Frank26 

  Question:  "Do we have to have our currency for over a year? 

 For tax purposes, yeah.  If you have your currency for at least one year you're in the about 20% tax bracket.  If you have had it for less than one year and you exchange it you're in about the 40%.  If you have had it for one year and you don't have a receipt, you're in the 40%.  If you've had it for one year and you got a receipt you're in the 20%.

 [NOTE:  Some gurus feel the dinar exchange will be taxed as capital gains, others feel ordinary income and other not taxed at all.  The only opinion that matters is the IRS's - Consult a tax professional at the appropriate time to determine the right tax for your unique circumstances.]

  The CBI is not calling them 'lower denoms', they are calling them 'Lower notes'.  They also explain the need for fractional banking through the coins they will be giving them.  They are not using the word fractional banking with the citizens but they are telling them they will be able to get change so they will not lose money.

 I don't plan to go to a bank.  Can you imagine?

 ...I got 10 million dinars, here...Personally I  don't plan to go into a bank to exchange my currency.   I will have a team ...I'm going to have my lawyer get a hold of the bank and  say, 'I represent Mr. [Frank26] and Mrs. [Frank26] and they want to make an appointment for you to come to their house and collect  a large amount of foreign currency...My lawyer will already know exactly what the bank is going to offer me...The less contact I  have with the bank the better...If you have a small amount then you're going probably go into the bank.

https://dinarevaluation.blogspot.com/2024/02/rv-update-by-frank26-16-feb.html