Post
Topic
Board Bitcoin Discussion
Re: Cash is King? I don't think so.
by
Dabs
on 03/04/2014, 08:40:11 UTC
I don't understand this. The current exchange rate for RUR vs USD is 1 USD = 35.67 RUR.

Then why the selling rate is given as 1 USD = 45 RUR? That's daylight robbery!

Sir, that's Philippine Peso. Not RUR.

note: lining up in the Philippines is a normal they double / triple check BEFORE they let you withdraw money, on top of that the teller have to ask the manager to sign the withdrawal slip... ONLY in the Philippines such a SLOW system.

+ the FEAR of getting rob as you go OUT of the bank as there's WAY TOO many eyes watching...

Smiley Only in the Philippines Smiley

Yes. Scary. I have another post here on this forum about 3 million pesos (60k USD). In those cases, I take a non-standard route that goes through armed security, as well as keep my 1911 (Armscor GI model) fully loaded.

wow, op, you suck at money
if you have 10-20 years of economy ... not a big deal.

And, how do I suck for money? That's the deal, it had to be done.

On other days, the money transfer is from one bank to another and the other bank is literally next door. Between the two doors, there are 6 armed security guards. The counting and lining up still takes time. I have someone line up for me in the second bank while I'm in the first bank waiting.