Chief53: From a little Birdie: "Look for it after midnight"
And for your info: All sources of mine that I want to keep confidential are "Little Birdies"
Gerry Maguire: I FEEL a late night coming
WELL TROOPERS LETS HOPE TONIGHT IS THE NIGHT......
Hawkman: ....”Why are all of these countries….and all of these companies…..and all of this money pouring into Iraq at a program rate….in fact let me ask you this countries….companies….money….why didn’t you do this three years ago….two years ago….last year….why not….well some of you did start to do it right….those were big conglomerates that could afford a little bit of a loss while they waited…..fascinating the timing”… that last one is a FRank26 quote....smart guy IMO
SassyD: A $35 Billion Stock, an SEC Halt and Suspicions of Manipulation -- August 15, 2016 — 7:30 PM CDT -- http://www.bloomberg.com/news/articles/2016-08-15/a-35-billion-stock-was-just-halted-on-manipulation-concerns
SassyD: Uncle Sam goes for gold, too: Up to $9,900 per Olympic gold medal -- 8/15/2016 -- http://www.cnbc.com/2016/08/15/uncle-sam-goes-for-gold-too-up-to-9900-per-olympic-gold-meda.html
KTFA Monday Night Conference Call
Approx.172 minutes long
The first part is Business Promo and the second part is Dinar/Iraq Intel
PLAYBACK # : 641.715.3639 PIN: 156996#
What does it mean to float the national currency? Egypt model
Since the announcement of principles agreement between Egypt and the International Monetary Fund on a loan of $ 12 billion over three years, the Egyptian market and traders with Egypt are waiting for the implementation of one of the terms of this agreement, a "float the pound," al-Masri.
What does it mean to float the national currency of any country? And its impact on the overall economy and the general public in the details of their lives?
"Floating" instrument of monetary policy tools countries, used only with currencies that determine the value of governments, be left to other factors not.
The flotation is different from the "devaluation", which is determined by the open market on the basis of supply and demand.
And reverse flotation connectivity, Currencies pegged against major currency or basket of currencies are floated through the "decoder" linkage partially or completely.
The currency devaluation Fksh high value, as it happens for major currencies in free markets like the US dollar or the euro or other. As the value of those currencies rise or fall in the market according to supply and demand, and the strength of the fundamentals of economies they represent, and the actions of speculators in the currency markets.
example, China has linked its national currency, the yuan to a basket of currencies and the US dollar, essentially, it is under pressure from the West to lift this link and let its currency to rise worth or fall based on market factors, which means that "float the yuan."
Indeed, China has recently resorted to float its currency against the dollar, in response to criticism during the American presidential campaign of the policies of China's cash and its impact on trade with America.
Now the most prominent example is the case of Egypt, whose economy is suffering from great difficulties and Alamadtrh to carry out economic reforms to address them.
The Egyptian government pegs its currency (the pound) for a fixed rate to the dollar is the official price in the banks, but the lack of foreign currency makes dollar price on the black market are much higher.
Thus the government to prove the power of the national currency link, and reduce the black market value of the currency by raising the dollar price against which to meet investor demand for the dollar, which is not available to them through the official market.
To meet the increasing dollar trade in the black market, the Central Bank of Egypt decided (entrusted with the government's monetary policy) activation of flotation and decryption tool linking the Egyptian pound to the dollar in part, to Aaovernm 14 percent in March.
Despite the Egyptian Stock Exchange it reported improved positive reaction in the market, but the black market returned to more active than the previous making everyone speculate that the government will decide further flotation last month.
Although that did not happen, but the whole market pending a decision flotation part of the agreement with the International Monetary Fund.
The effect of flotation
The float of the Egyptian pound that reduces pressure on the central bank in relation to the size of the foreign currency reserves, but this factor in the overall economy is not so much important, but more importantly that the devaluation of national currency as a result of the flotation will lead to increased exports.
Egyptian Products are will become much cheaper in foreign markets (because of the Egyptian pound depreciated significantly against the dollar and the euro, etc.) and thus become more competitive.
In contrast, imports will become much more expensive, and then will be difficult for the Egyptians to buy a lot of imported goods for high prices severely and this consequently will increase the consumption of local goods and the increase of the domestic economic activity.
But the disruption of exports and imports features often leads to the so-called "collective doubled demand", which in turn leads to higher inflation, and, of course, according to theoretical calculations, "he wrote the economy."
But add to that that the proportion of "parallel economy" (ie, that is outside the book) in Egypt is almost equal to the proportion of the informal economy, which means that the real inflation rates will be much higher than is caused by the collective demand doubled, may mean further impoverishment of the poorer classes already in the community Masri.jh
Frank26: (wink) ............................ TY .
Nephtali: Just going to take a stab at this...... IMO the thrill of seeing this is the fact that this could be "foretelling" what we will see with another certain currency [currencies] that we might, may, could find interesting.
Don961: Monday, August 15, 2016
WB to Issue SDR Bonds in China
The World Bank is the first entity to receive approval to issue bonds backed by the International Monetary Fund’s special drawing rights reserve asset in China.
The first issue of its bond program will mark the launch of the SDR-denominated market in the world’s second-largest economy, in line with the G20 goal of revitalizing the market for such bonds and aiding China’s push to internationalize the renminbi, Public Finance International reported.
China is due to be included in the SDR currency basket from October, alongside the dollar, euro, pound and yen, bringing the country in to the fold of the international monetary system.
The bonds, settled in renminbi but backed by the fund’s SDR, will enhance domestic investors’ exposure to foreign currency and, for China, is a key way to weaken the position of the dollar as the global economy’s main currency.
World Bank President Jim Yong Kim said the approval is a “landmark development” for China and the SDR, which will also open up new opportunities for international investors seeking high quality investment products in the country.
The size of the bank’s issuance program will be equal to around $2.8 billion. The timing of issue and individual bond terms will be dependent on market conditions at the time.
Arunma Oteh, World Bank vice president and treasurer, added that the program shows the “vital role” the bank plays in opening new markets and developing local capital markets.
China’s interbank bond market is one of the largest in the world, but only about 2% of this is held by foreign investors who have had limited access. In February, the People’s Bank of China announced a loosening of controls in order to open up government-issued bonds to foreign investors.
The Chinese Finance Ministry-also announced in May that it would issue the first ever sovereign renminbi bond outside of China on the London stock market, in another attempt to internationalize the currency.
The move was meant to test demand for Chinese assets after the nation shocked the markets with the surprise depreciation of its currency a year earlier.
The World Bank said that Industrial & Commercial Bank of China, HSBC Holdings PLC, China Construction Bank and China Development Bank, will help sell the bonds. It is to meet with institutional investors next week in Shanghai and Beijing. The law firm of King & Wood Mallesons (Hong Kong and Beijing) is acting as its counsel on the bond issue.
These will be the first bonds denominated in the SDR since 1981.