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Home VND/ZIG

Steve Beckow: New Reval Requirement

December 20, 2024
in VND/ZIG
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What a nightmare has been created by the new requirement that a gift of Zims needs to be notarized. Here’s that requirement:

  • “It is at Station Two where, if you have been given currency or bonds, you will hand over notarized and signed Gift Letters done by whoever gave you the currency or bonds. (If you do not have Gift Letters, you cannot exchange those bonds or currency you were given).” (Judy Byington, GCR Update, Dec. 19, 2024.)

I bought $50 T Zims in 2013 when they were much less expensive.  I’ve sent gifts of them out to people with gifting letters attached, just not notarized.

The cost of providing notarized letters ($40 apiece) for all the people I’ve given Zims to staggers me. And the logistics of the operation – and the likelihood of mistakes – causes me to sag.

Whoever it is who is planning the Reval, please rescind take this unnecessary requirement.  You have biometric data, passports, a device that reads our attitude (apparently)… Why after all this inquiry into us do you need a gifting letter from a valid email account to be notarized?

Notarization does not add anything I’m aware of to the process. The notary simply stamps what I put in front of him. What is the value added? Given the safeguards inherent in the QFS, why is this step needed?

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