Post From Dinar Updates
Chat Room Excerpts & Highlights
Bgg & MadDScout News Time 9-30-16 Part 1 of 2
BGG says():We all ready for News Time??
magnetlady says():You bet BGG
BGG says():My humblest apologies for being late.
wilson6060 says():Yes, please
BGG says():had TOTAL brain fade today and had to go fix some stuff before it got out of hand (on the site)...
magnetlady says():That's OK BGG we have been learning the most fascinating things about each other
SRW says to BGG():Lets Roll!!:D
BGG says to magnetlady():(lol)
SRW says to BGG():Before I get kicked outta here!! :D
BGG says to magnetlady():Did my daughter happen to mention she was just by the Iraqi Embassy before she met with you??
magnetlady says():Yes she did
BGG says to magnetlady():How cool??
magnetlady says():And we ate in the restaurant just below the IMF
magnetlady says():And the World BAnk is in the next block
BGG says to magnetlady():Cool!!
BGG says():MadDScout is going to be with me again tonite...
Wanna' bring some greetings Pat??
MadDScout says():Good evening folkS
MadDScout says():I hope everyones day was good
MrsBGG says():Okay, welcome everyone; During News Time, please use a ? for any questions or comments. It makes it easier on the copiers and readers. Thank you for your understanding!
MadDScout says to SRW():(handshake)
SRW says():Ehtel can't be with us tonight, so I'm takin her place!!
BGG says to MadDScout():Dude!! You all just witnessed me "have a moment"...
SRW says to BGG():Well chasin chickens and hoing the garden will do that, My kind sir!!
larrykn says to BGG():well at least it wasn't a BIG moment
BGG says to larrykn():It was not
BGG says():First curious piece tonite...
IMF Launches New SDR Basket Including Chinese Renminbi, Determines New Currency Amounts
Today, the International Monetary Fund (IMF) announced the launch of the new Special Drawing Right (SDR) valuation basket including the Chinese renminbi (RMB), and the new currency amounts that will determine the value of the SDR during the new valuation period...
BGG says():So - that's an official IMF Doc - not some "guru spin"...
Along the same lines...
Yuan joins IMF’s elite reserve currency club in a milestone moment for China
The yuan becomes the fifth member of the prestigious SDR basket on Saturday, but more reforms are needed before it is a freely traded currency, say analysts
China’s yuan joins an elite group of reserve currencies created by the International Monetary Fund on Saturday in a move hailed as a milestone in the country’s rise to global financial prominence.
From tomorrow, the yuan, also known as the renminbi, will become the fifth member of the IMF’s prestigious Special Drawing Rights (SDR) basket of currencies, alongside the US dollar, euro, Japanese yen and British pound...
Read More: http://www.dinarupdates.com/blog/
MadDScout says to BGG():Makes them a "donor nation"?
BGG says():Not sure what it will (fully) entail - but VERY, VERY interesting.
MadDScout says to BGG():Indeed
BGG says():BTW - we'll cover a few articles - then open this up for Q & A
Next very curious piece...
The Peshmerga under the command of al-Abadi and increase the budget of the Kurdistan
Revealed a Lebanese newspaper, on Friday, the details of the agreements that have taken place during the President of the Kurdistan region Massoud Barzani 's visit to Baghdad and his meeting with Prime Minister Haider al - Abadi, as pointed out that among the agreements that were made Peshmerga under the command of al - Abadi and increase the province 's budget in the fiscal budget for next year...
BGG says():I'm not sure if I by into this "characterization" of the relationship - but HOW COOL???
probably more along the lines of Barzani put the Peshmerga "at his disposal"... and then the spin gets going... IMHO...
MadDScout says():Not long term
BGG says(): in any event - it appears this recent visit in Baghdad by the Kurds (which hasn't happened in a long time)... went VERY well...
(almost as a "side note" it appears they are hammering out a new Oil deal... I would more expect it to be along the lines of the last, for expediencies sakes - "codified" in the next budget...)
rather than a legit HCL... (which is fine)... it all works