KTFA:
MilitiaMan: Evening to everyone of KTFA. I hope you are all doing fine and dandy! A few thoughts to think about. Nothing in stone be sure, so don't shoot the messenger.. lol ~ MM
Last week we witnessed a convergence of many things. The week prior there was the symposium with Banks and financial institutions in regard to the Iraqi Currency. WS's (Walkingstick's) firm was in the meeting.
The following week we see the AMF (Arab Monetary Fund) in a series of meetings with Iraq helping with the MR (Monetary Reform) along, in conjunction with the likes of the WB, IMF, UST and BIS. Basra Boyz also confirmed the BIS was there..
WS tells us they tried and tested the rate and they were successful.
The success was the Real Effective Exchange Rate. So not only the AMF met, there were high level training of the trainers while they had the fabulous 4 in country. They did all that and seated the GOI on time too.
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TNT:
Tishwash: India, Japan sign $75 billion currency swap agree
NEW DELHI/TOKYO: India and Japan Monday concluded one of the largest bilateral currency swap agreements at USD 75 billion that will help in bringing greater stability in foreign exchange and capital markets in the country. The agreement will further strengthen and widen the depth and diversity of economic cooperation between the two nations.
"With a view to enhancing financial and economic cooperation, governments of Japan and India welcomed the agreement to conclude a Bilateral Swap Arrangement (BSA) of USD 75 billion," said India-Japan Vision Statement. The statement was released after India-Japan Annual Summit between Prime Minister Narendra Modi and his Japanese counterpart Shinzo Abe in Tokyo. Commenting on the development, Economic Affairs Secretary S C Garg said in a tweet:
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