From Recaps Comment Section:
Ralph said: According to three(3) different sources, I will now share what they have told me.
1. China will not re-value the Dong or any other currencies they are supporting before the Iraqi Dinar re-values. Also, the re-valuation of the Iranian Rial will not occur prior to the re-valuation of the Iraqi Dinar.
2. The Iraqi Dinar will have a globally accepted rate before March,1, 2016. This will be done as a requirement to join the (WTO) World Trade Organization.on June 1, 2016.
3. The R.V./ G.C.R. will include five(5) currencies as part of the initial offering with a simultaneous release of the Iranian Rial.
4. All worldwide currency holders will be able to exchange any currencies they hold that are a part of the initial offering after March 1, 2016.
5. All of the above mentioned items are a direct result of Iraq now concluding issues relating to laws, security, the GOI, and the CBI, which are now complete, but not yet announced as known to the global community.
6. Could an R.V./G.C.R. occur before March 1 2016 ? The answer from one (1) source was yes, the answer from the other two (2) sources was no.
7. In discussing post R.V./G.C.R. activity with the three (3) sources, all agreed that many changes for the good of all will occur throughout all structures encompassing our daily lives, but all agreed that any and all items pertaining to a New Republic and NESARA LAW are nothing more than internet fantasy, their words, not mine.
In conclusion, I have no reason to doubt the comments from any of these sources and I feel honored to pass this news along to all that are waiting for this blessing. Not much more of a wait now!!
Poppy3 [Press Release: "Workshop on Price Index Compilation Issues"..."IMF’s Middle East Regional Technical Assistance Center and the Statistics Department Conclude Workshop on Price Index Compilation Issues" IRAQ'S INTERNATIONAL RATE IS COMPLETED! THEY WILL ANNOUNCE IT SOON TO THE WORLD.]
WELL I DONT KNOW THE SOURCE THAT SENT IT TO ME BUT IT IS VERY EXCITING NEWS AND NAMES THE RIGHT PEOPLE IN CORRECT ORDER.
rcookie Press Release Quote: "The International Monetary Fund (IMF)’s Middle East Regional Technical Assistance Center (METAC) and the Statistics Department held a workshop on “Price Index Compilation Issues” in Beirut, Lebanon from February 1-5, 2016."
MANY OF THESE INITIATIVES BEING WORKED ON AT THESE WORKSHOPS...ARE THE VERY THINGS THEY ARE BEING TASKED TO DO WITH IMF LOI/MEFP/TECH MOU...AND THESE WORKSHOPS ARE BUILT STRATEGICALLY AROUND REVIEW PERIODS...
IF YOU READ THE 2016 BUDGET...THE VARIOUS LOI/MEFP/TECH MOU'S AND SMP (STAFF MONITORED PROGRAM)...AND THE METAC WORKSHOP AGENDAS....
THERE IS ABSOLUTELY NO DOUBT AS TO THE CO-AUTHORING PARTNERSHIP BETWEEN IRAQ AND IMF & WB TOWARD THEIR ECONOMIC & MONETARY REFORM ACTION PLAN.
Dnari131: Iran lifts currency controls with Russia
Fri Feb 12, 2016 2:43PM
Iran says it has lifted currency controls with Russia.
Iran said on Friday that it had lifted the currency controls with Russia in a bid which is expected to boost commerce between the two countries.
The announcement was made by Masoud Karbasian, the head of Iran’s Customs Administration who said the policy is in line with the government’s push to promote trade ties with other countries.
On a related front, the media reported also on Friday that Iran is working over the establishment of a direct commercial flight route to Russia’s southern city of Astrakhan in what is expected to help boost trade between the two countries.
The Trade Promotion Organization of Iran said the two-way route will be launched through subsidies that will be provided by the government.
The first flight from Iran to Astrakhan is expected to take place on 23 February 2016. Planes from Iran’s Taban airline will travel to the Russian city twice a week for a period of six months.
Tehran and Moscow are already working over a plan to enable their merchants to trade in rials and rubles instead of euros and dollars.
To the same effect, both are going to establish a joint bank to facilitate this.
Ali-Akbar Velayati, a top adviser to Iran’s Leader Ayatollah Seyyed Ali Khamenei, said in early February that Iran and Russia have signed contracts worth a total of around $40 billion over different industrial infrastructure projects.
Velayati emphasized that the contracts had been signed with Russia over the past few months and are ready to be implemented.
http://www.presstv.ir/Detail/2016/02/12 ... ith-Russia
Mountainman: Wow.....IRAN says Hello to the EURO w/Europe and the RIAL w/RUSSIA for OIL and Booyah......HERE WE GO.....It's A Start to THE NEW REALITY....IMO....
(Note) Previous Articles Noted Iran to Use EURO instead of USA DOLLARS for Their OIL........
Walkingstick: Rich Advised to Buy Yen
Saturday, February 13, 2016 - 02:00
Money managers for Asia’s wealthy families are favoring the yen as it benefits from the turmoil in global financial markets.
Credit Suisse Group AG is advising its private-banking clients to buy the yen against the euro or South Korean won because the Japanese currency remains undervalued versus the dollar. Stamford Management Pte, which oversees $250 million for Asia’s rich, told clients the yen is set to strengthen to 110 against the greenback as soon as the end of this month. Singapore-based Stephen Diggle, who runs Vulpes Investment Management, plans to add to assets in Japan, Bloomberg reported.
The yen has outperformed all 31 other major currencies this year as Japan’s current-account surplus makes it attractive for investors seeking a haven. Bank of Japan Governor Haruhiko Kuroda’s Jan. 29 decision to adopt negative interest rates has failed to rein in the currency’s advance.
“All existing drivers still point to more yen strength,” said Koon How Heng, senior foreign-exchange strategist at Credit Suisse’s private banking and wealth management unit in Singapore. “The BOJ will need to do more to convince the markets about the effectiveness of its negative interest-rate policy.”
The yen has appreciated more than 7% against the dollar this year to 112.16 in London Friday. It touched 110.99 Thursday, the strongest level since Oct. 31, 2014, the day the BOJ unexpectedly increased monetary stimulus for the second time during Kuroda’s tenure.
That’s a drawback for the central bank governor. He needs a weaker yen to help meet his target of boosting Japan’s inflation rate to 2% and keep exports competitive.
Stamford Management has briefed some of the families whose wealth it helps to manage about the firm’s “bullish stance” on the yen, said its chief executive officer, Jason Wang.
“The adoption of negative interest rates reeks of desperation to me,” Wang said. “It’s akin to an admission by the BOJ that conventional monetary policy is ineffective in hitting their 2% inflation target.”
Credit Suisse predicts that the yen will strengthen to 115 against the euro in 12 months, from 126.91 Friday. Japan’s currency will gain to 11.10 won in 12 months, from 10.79, according to Heng.
In 2013, the yen tumbled 18% to 105.31 per dollar after Kuroda started quantitative and qualitative easing. It fell an additional 12% in 2014 to 119.78 helped by his surprise expansion of the program. The currency depreciated just 0.4% last year.
The yen’s weakness attracted tourists to Japan.
Short Url : http://financialtribune.com/articles/wo ... ed-buy-yen