"Q & A" WITH MARKZ, 12 MAY

QUESTION:  Does a rate change need parliament approval or just CBI governor announcement?

...MZ:   According to parliament and the president of their country it only requires the CBI governors announcement. The government has already done everything they needed to do. We heard this last week. 

QUESTION:   Would someone please explain Basal 3 ? I'm sorry if this is a repeat. Thanks.

MZ: In a nutshell-Basel 3 is stricter reserve requirements for banks so that they are better able to deal with downturns. or loses or problems in the markets. They have to have more assets in order to pay share holders, depositors ect…… .to have enough reserves in case there is a problem . But imo…its not enough reserves….but its more than what they required before.

QUESTION:  Mark, is it still the case, you will (or should) know processes for our appointments. Possibly within hours prior or after the "Go time"

MZ:   I was always told that a few hours prior to this- banking contacts would reach out to a handful of us familiar with the process so that we can help you all be familiar with the process. I am told this is still the plan. We do not get to exchange before you though.    I am told I will be able to post whatever numbers and links they send me so you can make appointments and know where to go to exchange..

 QUESTION:   Mark Do we need to sigh an NDA at our exchange?

MZ:  I was told the need for an NDA for currencies is getting slimmer and slimmer. But you may have one for the humanitarian projects. I could be wrong.