Tuesday, March 1, 2011

3-1-11 Steve1 Post: Peoples Dinar 2/28/11 (Update #4)

Highlights/Thoughts
PLEASE IGNORE IF YOU DO NOT WANT TO READ RUMORS

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1. Steve spoke to his bank contact and was told they are still maintaining $400,000 for all level on branches
2. Level 2 and 3 branches are maintaining $300,000
3. They still believe they will be using the reserves soon and all staff have been trained on the Dinar

Just as an FYI, I recall someone saying that this is normal behavior of banks for this time of the year (tax season). I don't know if that is true or not, but it seemed plausible to me. I have not taken the time to confirm. So, take this with a grain of salt.

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