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What You Need To Know About China's Inclusion In IMF Currency Basket
Published: Nov 30, 2015 2:36 p.m. ET IMF's big decision won't have much impact outside of China The IMF on Monday made the yuan part of its currency basket.
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TNT:
Desmo: Im thinking that this thing is done over there(Iraq) ....with lower denoms being handed out earlier in some of the regions I'm in hopes that this 3 day vacation is to get the rest of the country passed out and give them a chance to celebrate...and then our blessing comes..thats my story and Im stickin to it
Firestarter: The RV isn't done-still have laws to pass
Already Blessed: NO LAWS TO BE PASSED HON....JUST GLOBAL STUFF GOING ON ABOVE OUR PAYGRADE
Azjmarkman: Can the global stuff above our paygrade be done by tonight?
Already Blessed: WE HAVE SOME AMAZING SOURCES....WE HAVE ALWAYS HAD THE LARGEST INTEL TEAM WITH THE MOST QUALITY SOURCES OF ALL BUT SOME STUFF IS JUST NONE OF OUR BUSINESS SO WE CAN'T KNOW EVERYTHING.....ALTHOUGH APPARENTLY SOME THINK THEY DO
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BEIJING (AP) - The addition of China's yuan to the select basket of currencies used as a yardstick by the International Monetary Fund is a sign, experts say, that the yuan may one day become as recognizable as the dollar or euro. Adding the yuan alongside the dollar, euro, pound and yen is a symbolic victory for Beijing. It reflects the rising importance of the world's second-largest economy and is an endorsement of gradual Chinese moves toward making the currency freely traded. Currency traders and economists see the change as encouragement to Beijing to make faster progress on promises to make the yuan "freely tradable" and open its financial system. ~~~
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TNT:
Elmerf12346: Forex just polled at 1078.6 Bam... I don't believe the Forex number means much right now
I think they are manipulating the Forex just like the placement rates on the CBI I really believe were very very very close
Olesailor: I must admit I am confused. For example, last night Bruce said it had been tried 7 times in the last 7 days and was scheduled again last night/this morning. Now we are 8 for 8 WHAT IS THE MOTIVATION FOR THE DELAY/ There has to be some political motive and I just don't see it. People are going crazy and the closer we get to Christmas the worse it is going to be. Does anybody have ANY IDEAS?
Tinkie: olesailor' heard there was a glitch last nite that was fixed and now its tonite
Mountain Mole: If one pushes the button in Europe does that makes the button in the USA pop up Someone needs to pull the button so hard that they pull the person from the other end all the way through.
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HI ALL WONDERFUL NEWS IS ALWAYS EASY TO GET ACROSS, AND THAT WILL BE NEXT WEEK. THIS WEEK I HAVE GOOD NEWS. THE GLOBAL TRUST THAT I WORK WITH HAS GIVEN THE HEADS UP THAT THE FUNDS ARE USABLE AND IN THE SYSTEM NOW. THAT SIMPLY MEANS THAT I CAN EXPECT THE FIRST TRANSFER TO IMPLEMENT THE INFRASTRUCTURE FOR THE PROJECT SIDE. ~~~
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Millionday: HELLO EVERYONE
Millionday: I RACED IN HERE BECAUSE SOMEONE TOLD ME THAT THE DATE WAS IN HERE
Millionday: WOW -- MAY OR JUNE? WHO SAID THAT?
Millionday: WOULD LOVE TO HEAR WHY AND WHAT STATES THAT
Millionday: HELLO SHEILA HUN -- THANK YOU FOR ALL YOU DO FOR US
sheila3: i don't want to be here in May or June lol
Millionday: I WON'T BE BUT DID SOMEONE SAY THEY WERE TOLD WE WOULD BE?
~~~
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LC Admin therealbubbie Chat CBI New Rate 12/02/2015 Today at 11:17 am [therealbubbie] in case you missed it .... here you go boys and girls right from the cbi site ... US dollar USD 1182.000 1180.000 Euro EUR 1252.920 1252.294 British pound GBP 1782.220 1781.328 Canadian dollar CAD 883.937 883.495 Swiss franc CHF 1148.911 1148.337 Swedish krona SEK 135.959 135.891 Norwegian krone NOK 136.164 136.096 Danish krone DKK 167.948 167.864 Japanese yen JPY 9.598 9.593
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The below posts were in our 10pm newsletter
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Economics, Free Pom
After The Sdr Announcement - Now What? (Freepom)
November 30, 2015
Widening of the Trading Band, US Yuan Clearing, and Increasing Interest Rates
By JC Collins
A major piece of the POM analysis has fallen into place. As has been predicted here for the last two years, the Chinese renminbi has been added to the Special Drawing Right basket of the International Monetary Fund.
This fundamental change in the composition of the SDR will allow for a more sustained and balanced adjustment to the international monetary system.
~~~
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The below posts were in our 6pm newsletter
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KTFA:
Frank26: KTFA FAMILY :
TEAMS AND I ARE EXCITED ABOUT THE CBI's POSTING OF 1180 !!!
Very excited to TEACH You why tonight .......... C U in less than 4....... ALOHA !!!
MORE SHOCK AND AWE TONIGHT ! KTFA Frank
Aggiedad77: How about you apply the "shock" factor tonight We will all be listening to apply the "awe" factor Aloha Randy
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TNT:
Natok: Yesterday at 2am during trading, market went to 0 for both China and Hong Kong on the screen, then came back up, someone in here mentioned it, so I looked, it was at 0, and I saw it reset, wierd!
NewCreation: Highlights from OM this am...1. CBI rates changed for first time in 5 years this am. (the rate is higher than we would like, BUT IT HAS CHANGED) 2. UN rates have changed Poland has had a significant currency rate increase
New Creation: Iraq declares another 3 day holiday "this week"....Imagine that!:)
Iko Ward: Forex still below 1080. ISX gaining. CBI active. Millions in the street. Sounds like it's here. They have to start at the top and work down (or up, as it were) The fact that it is active is a big, big deal. Let the poop hit the fan and just stand back a little bit. It's going to be a long day.
LH: Iko I pray you are correct! Sounds like wonderful news to me.
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Post From Wealthwatch.world Chat Room 12-2-15
*SCZIN11: THE CBI WEBSITE HAS ....WELL , CHANGES AND ...
*SCZIN11: WOW! DINAR EXCHANGE RATE DOWN & TOMORROWS AUCTION RESULTS TOO??
*SCZIN11: CURRENCY CODE SELL BUY US dollar USD 1182.000 1180.000
*SCZIN11: AND THEN THE AUCTIONS...
*SCZIN11: CURRENCY AUCTION RESULTS FOR TODAY AND TOMORROW
*SCZIN11: Currency AuctionsAnnouncement No. (3086)The opening offers the sale and purchase of foreign currency in the window of the Central Bank of Iraq on 2/12/2015 a
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Wealthwatch Tuesday Evening Chat 12-1-15 Part 2 of 2 chattels: In addition to Jewish cemeteries and homes, many other Jewish landmarks can still be found in Iraq, including the tomb of the Prophet Zul-Kifl (Ezekiel), south of Babil; the Baghdad neighborhood called Torah Place, historically home to some of the city's Jewish residents; the Temple Torah in Samarra, which was turned into a residence after its owners left for Israel in the 1940s; and the Temple Torah in the Ashar district of Basra, which was built in 1915. The shrine of the Prophet Daniel in Mosul was blown up by the Islamic State on July 23, 2014. Read more: www.al-monitor.com/pulse/...
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tonys: I see this everywhere, does anyone know on this " what is all the talk on article 32 in Iraq currecy law?"
lonegunman: Article 32 Issuance of currency 1. The CBI shall have the exclusive right to issue banknotes and coins intended for circulation in Iraq. Banknotes issued under this Article shall be a first charge on the assets of the CBI. The CBI shall make appropriate arrangements for the issue of its banknotes and coins as required for circulation in Iraq.
~~~
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