My Ladies Private Chatroom:
MY LADIES: IT'S TOMORROW IN SWITZERLAND…..AND IRAN
PrincessDD: Yes and im looking at something very Swiss
Switzerland lifts some sanctions against Iran
PrincessDD: The Swiss Federal Council decides to lift sanctions against Iran, which had been suspended since January 2014
GENEVA – Switzerland on Wednesday lifted previously suspended sanctions against Iran.
Welcoming the nuclear agreement reached by the P5+1 (China, Russia, US, France, the UK, and Germany) and Iran on July 14, the Swiss Federal Council said in a statement on Wednesday: “This agreement opens up new political and economic prospects with Iran, including bilateral relations.”
MY LADIES: Committed to dialogue’, Bern removes Iran sanctions
Switzerland has lifted sanctions on Iran over its nuclear program, calling the agreement reached between Tehran and the global powers in July a “turning point”.
The Swiss Federal Council said in a Wednesday statement that the decision would take effect on Thursday.
“Today's decision by the Federal Council underlines its support for the ongoing process to implement the nuclear agreement, and its confidence in the constructive intentions of the negotiating parties,” read the statement. “This agreement opens up new political and economic prospects with Iran, including bilateral relations.”
It added that the sanctions had been suspended since January 2014.
As the protecting power for the United States with no embassy in Tehran, Switzerland “has always been committed to dialogue and to keeping communication channels open,” it said.
The Joint Comprehensive Plan of Action (JCPOA), reached between Tehran and the P5+1 - the US, Britain, Russia, China, France, and Germany - in Vienna on July 14, “lays the foundation for complete settlement of the nuclear dispute,” the statement said.
The Swiss bans were related to transactions of precious metals, petrochemicals, crude oil and petroleum, insurance and reinsurance, as well as obligations in relation to money transfers.
Bern also removed sanctions against eight Iranian persons and organization
Lisa: A-ha! Now I see. The Swiss Federal Council and the BIS are connected. I'm having some Aha moments today! Thanks for the news today. So excited!
PrincessDD: Irans Frozen Funds how much is there and how will they be used
PrincessDD: I forgot I had posted this one last month about the EU removeing sanctions from Iran Companies.
EU removes Iranian companies from sanctions list
MVL: Ok, just one more…Iran’s oil export liberated by US govt. statement http://en.mehrnews.com/news/109167/Iran-s-oil-export-liberated-by-US-govt-statement
MVL: Iraq has to be thinking at this point: "...gee, I guess we do have seats in Row One on the 50 yard line..."
MY LADIES: HOLY CHOP STICKS PRINCESS...LOL... JUST WHEN I THINK I'M CAUGHT UP .... I'M REALIZE I'M NOT.... MY GOSH..IN YOUR TRAVELS CAN SEE WHAT YOU FIND ON CIPS PLEASE...
PrincessDD: CIPS news round-up - August 2015 BY Anna Scott http://www.supplymanagement.com/news/2015/cips-news-round-up-august-2015
PrincessDD: Clash of the currencies
America will find it far harder to track who is using the China International Payment System (CIPS) and for what. The threat of exclusion from the American financial system will start to lose its force.
And China would have a new tool to propagate its way of thinking. When heads of state meet the Dalai Lama, the Tibetan spiritual leader regarded by China as a separatist, may find their banks placed on the CIPS blacklist. This tactic would damage the yuan’s standing if used too liberally, but the mere threat of punishment might be enough for China to get its way.- See more at: http://graphic.com.gh/features/opinion/47732-clash-of-the-currencies.html#sthash.SSsp16wM.dpuf
PrincessDD: Can the Yuan Overtake the Dollar?
Snippet:Therefore, banks worldwide have to heed whatever sanctions America places, and the same is true of banks in China. After America placed sanctions on North Korea’s main forex bank, the Bank of China ceased serving the aforementioned bank. In 2012, China cut imports of Iranian oil at the height of tensions between Iran and America during their nuclear conflict.
It is evident that the dollar experiences immense political leverage, which is threatened by China’s efforts to create similar leverage for the yuan.
China is close to launching a system for cross-border yuan payments, called the China International Payment System (CIPS). The establishment of this system will cause political tensions surrounding the yuan vs. dollar to rise. America will find it far harder to track who uses the CIPS and for what purpose.
China will also be able to restrict CIPS access in a way similar to how America influences the relations between countries through its sanctions. For example, when heads of state meet with someone such as the Dalai Lama, they may find their banks placed on the CIPS blacklist. This tactic, if used too frequently would damage the yuan’s standing, but utilising the threat sparingly could work in China’s favour.
PrincessDD; China Regulatory Brief: Draft Rules on Online Payment & Paperless Clearance System - See more at: http://www.china-briefing.com/news/2015/08/10/china-regulatory-brief-draft-rules-on-online-payment-paperless-clearance-system.html#sthash.guSrdGvM.dpuf
Princess DD: The US King Dollar Has No Clothes. America’s “Toilet Paper Money” http://www.globalresearch.ca/the-us-king-dollar-has-no-clothes-americas-toilet-paper-money/5468630
Princess DD: China's international payment system to be limited solely to trade deals http://www.chinaeconomicreview.com/chinas-international-payment-system-be-limited-solely-trade-deals
Princess DD: China International Payments System Faces Setback http://www.pymnts.com/news/2015/china-international-payments-system-faces-setback/#.Vcty05PL9z0
Princess DD: China Weakens Currency Again
PUERTO RICO TO ISSUE $750 MILLION IN BONDS | Eight days after defaulting on bond payments for the first time, the government said it planned to issue $750 million more in bonds for construction projects, Mary Williams Walsh reports in DealBook. Puerto Rico’s Aqueduct and Sewer Authority, Prasa, would be doing the borrowing and using it for projects over the next four years. The announcement comes less than a month before a high-level working group is scheduled to reveal plans for broad restructuring of the island’s debt. Little is known about the proposal.
Princess DD: Puerto Rico to Issue $750 Million in Revenue Bonds for Construction http://www.nytimes.com/2015/08/12/business/puerto-rico-to-issue-dollar750-million-in-revenue-bonds-for-construction.html
Princess DD: German Yields Drop to Record as China Boosts Bonds Around World
Princess DD: China’s Bonds in Biggest Two-Day Drop in a Month on Weaker Yuan http://www.bloomberg.com/news/articles/2015-08-12/china-s-bonds-set-for-biggest-two-day-decline-since-may-on-yuan
Princess DD: China to auction 30 billion yuan in 7-year govt bonds on August 19 http://economictimes.indiatimes.com/articleshow/48451922.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
Princess DD: China devalues again! Bonds rally, Equities drop https://www.fxstreet.com/analysis/the-nemenoff-report-/2015/08/12/
Princess DD: Saudi Arabia Issues Bonds Worth $5 Billion to Plug Budget Shortfall
No. 1 oil exporter grapples with the fallout from lower crude prices http://www.wsj.com/articles/saudi-arabia-issues-bonds-worth-5-billion-to-plug-budget-shortfall-1439305126
Bandito Rox: Switzerland Lifts Sanctions Against Iran - Federal Council http://sputniknews.com/middleeast/20150812/1025675307.htm
AW: WOW................folks continue to race to get out in front of the crowd.: and at the rear of the crowd is the US.
Princess DD: The AIIB Has Potential To Finance All Of Asian Infrastructuring
Princess DD: Switzerland begins public consultations on joining China-led AIIB
Princess DD: No Way Out: A 21st Century Greek Tragedy
Princess DD: Four Economic Myths That Perpetuate The Euro Crisis http://www.valuewalk.com/2015/08/four-economic-myths-that-perpetuate-the-euro-crisis/
Princess DD: CREDIT SUISSE: This won't be the last time China shaves the yuan's value Read more: http://uk.businessinsider.com/china-currency-devaluation-to-continue-2015-8#ixzz3icH8v5Db
Princess DD: Moneycorp buys stake in Brazilian currency trader
The first overseas investment for the British foreign exchange and payments firm is part of a wider strategy to become a dominant player in the world's currency markets http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/11798541/Moneycorp-buys-stake-in-Brazilian-currency-trader.html