Face Value Redemptions & More Answers
Got two questions #1) What does it mean to have "Face Value" redemptions? #2) What If my currency is still in the mail when Redemptions start? (+ 6 more answers Below)
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Post/Question: (1)
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What does it mean to have "Face Value" redemptions?
This question was raised "Indirectly" by this post and the one before it. I realized that they were confused about what this statement meant because they were looking for a one to one Exchange. BUT that is NOT what Face Value Exchanges mean. Here is the post:
"In Response to Another 4 Questions" by One Who Is Living It - 4.13.17
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Answer:
Face Value Redemptions means NO ZEROS TAKEN OFF. It means that a $25,000 Iraqi Dinar note is 25,000 x (Whatever rate you exchange at), or a $100T Zim note is 100T x (Whatever rate you exchange at)
It does not mean that you get a rate of $1 x face value. It means you get Face value times whatever rate you negotiate for.
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Post/Question: (2)
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"Question for One Who Knows"
Entry Submitted by WhollyOneness at 6:53 PM EDT on April 13, 2017
I have ZIM in hand but I am also waiting for the arrival of later orders for which I have proof and confirmation.
However, if the redemption exchange proceeds before I receive all my currency notes, will I still be able to exchange them for the same (NDA) rate as those notes that I already have in physical possession?
Thanks,
WhollyOneness
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Answer:
The answer, directly from Grandfather, is that you go to your exchange appointment and tell them you have more currency coming. They will work with you, so that when the currency does come in, you can set up another appointment to exchange it as well at whatever rate you agreed to. They already knew that this would happen, and had already planned for it.
Other Answers:
The important take away is that no matter the potential problems that may arise, they most likely have already thought of it and have a plan to help you with it. Some of the more recent unusual questions and answers are:
Historical Bonds = Tell them when you call in to make your appointment, they will instruct you from there.
Bearer Checks = Yes they will be exchanged just like cash.
Late Appointments = Call early (On time) but you can set up a later time to go in due to travel, medical or other reasons.
Two Exchangers = Yes, call together and set back to back exchange appointments
Other Denominations = Yes, all denominations (Bill sizes) will be exchanged
Late Currency Arrivals = Tell your exchanger you have more currency coming in the mail. He will instruct on what to do to exchange it when it gets to you.
May You Get Everything You Want and Live The Life Of Your Dreams/Plans
Signed: One Who Knows
