DISCOUNTED USD AGAINST EURO, 15/10. is it a scam?

[surjit]

Dear Traders

Recently some traders have mentioned to me the secret side of 'private currency exchange'. Where currency into billions are being exchanged at1 5/10 discount.

Is it possible to get a discount or bonus with currency exchange?

 

[glenn007]

HI. did anyone find out about this?

Glenn

 

[arabianights]

why would anyone take the other side?

 

[amado]

The obvious thought that springs to my mind would be money laundering... Professional money laundering is always exchanging the dirty money for laundered money where you pay a premium.

 

[hclaveria]

I have access to the USD side and Im having a hard time being convinced that it isnt a scam.

 

[arabianights]

stay away then!

 

[samirme]

I have access to the USD side and Im having a hard time being convinced that it isnt a scam.

Hey there,
I represent a bank operating in the UAE and we too have been contacted for the same deal. The trader in the middle has offered us both Euro and US posts to fill in to different trades. If you have the US side, he can provide the Euro side with some degree of Fed approval, and we can conduct this out of the local bank which i represent.
Sam

 

[NetTecture]

That sounds crazy, as there is no "discount". Currencies are not like produced goods. I simply wonder why someone should sell worse than what he can get at FOREX? I could see some countries trying to get rid of currency reserves without wanting this to be "too known" (like china dropping some USD), and I could se money laundering, but besides that - I wonder about the intention of giving away currencies for a worse price than quoted on Forex.

 

[samirme]

That sounds crazy, as there is no "discount". Currencies are not like produced goods. I simply wonder why someone should sell worse than what he can get at FOREX? I could see some countries trying to get rid of currency reserves without wanting this to be "too known" (like china dropping some USD), and I could se money laundering, but besides that - I wonder about the intention of giving away currencies for a worse price than quoted on Forex.

Most US banks have the option of buying USD at discounted rates (up to 25%) from the FED Reserve.

 

[NetTecture]

Are you joking?

You mean the bank can take one million EUR, change that to USD and make a 25% profit on that?

What stops her from selling the USD right there on FOREX against EUR repeat that?

And how can banks fail if they can do that?

 

[sandro malta]

Hi to all,

I have been coming across this discounted USDs @ 15/10 a lot in the past year.
I have provided them with all that they asked for but no deals have ever been made.


They are just time wasters guys, so watch out

 

[Martinghoul]

Most US banks have the option of buying USD at discounted rates (up to 25%) from the FED Reserve.

Hahaha, this is funny... Good one!

 

[kadrick]

Hey there,
I represent a bank operating in the UAE and we too have been contacted for the same deal. The trader in the middle has offered us both Euro and US posts to fill in to different trades. If you have the US side, he can provide the Euro side with some degree of Fed approval, and we can conduct this out of the local bank which i represent.
Sam

HI, DO U HAVE A BANK IN CONNECTION THAT CAN DO ... BANK TO BANK EXCHANGE OF USD/EUR USD/AED , we urgent need you to contact us at [email protected]

 

[TheBramble]

I have checked the above member's credentials and confirm Yahoo is a bona fide financial orgainisation.

 

[Dominator4fx]

Are you joking?

You mean the bank can take one million EUR, change that to USD and make a 25% profit on that?

What stops her from selling the USD right there on FOREX against EUR repeat that?

And how can banks fail if they can do that?

Banks are also in the same league as all the trades. It is just that they have Analysts and are better equipped to be able to deal in the Forex markets.:cheesy:

 

[TheBramble]

Sometimes, I am ashamed that I have tried to be overtly funny, only to have my wicked wit be eclipsed supremely by someone who has been even more accidentally funny.