Elmerf123456: Whoop Whoop!! IMF urges China to float Yuan De-peg from USD Link
Flybaby77: Elmer..... is that what we want or can it rv without the depeg
Elmerf123456: Either way. West banks mark down to market the derivatives and we're done. Or China depegs on its own driving down the is currency and causes a ripple negative effect in the economy and we're done
Buckeyefan: So, in reading all the information out there seems like it "could" be a while yet. It's so hard to know which way it's going. Seems like we just need to get use to waiting, and keep doing our best because the time lines come and go then we chase the next one, then people get angry and demanding the twitter folks are having a field day but they're bored.
Elmerf123456: Buckeye fan it "could" but that's not what I'm hearing. I'm hearing it "could" be very fast.
Apexdinar: I shared yesterday that two of my peeps said this won't trigger until 2016 - Elmer has sources too - everyone just trying to piece together some semblance of truth...we all hope Elmer is on the money (pun definitely intended)!
Elmerf123456: I doubt the 2016 date for one reason although I have others. For one Oct 20th is the date for the Yuan to become the reserve currency. With that they have 100% no reason to remain fiat and will go gold backed. That's a good reason for me.
Apexdinar: Very cool, Elmer - the Yuan depeg & subsequest rate stabilization is the exact reason why one of my peeps said it won't happen this year...so we'll see...hope you're right
FreedomBoomer: Elmer what are you hearing about the dong? Will it go also?
Elmerf123456: Can't say for sure but believe rupiah dong and zim will go with Iqd.
OK Rocks: CBI Recommendations: in order to provide consistency between the portfolio management of the Central Bank’s foreign reserves and the current exchange system, it is necessary to link the Iraqi dinar to a basket of currencies that their weights are identical to the weights of the port-folio.
We say: monetary policy needs to link the Dinar to a basket of currencies instead of being only linked to the Dollar. Then, we will reach the quasi fiscal cost-benefit equilibrium in the state budget and the balance sheet of the central bank at the same time.
Newcreation : OKOKOKRocks! Wooohooooo
RVwetrust2: OK have you heard of any extensions by IMF or World bank as to the mandatory Basil III requirements for all countries. Current date is 10/15/2015
TBirdd: RvWe---i havent.. maybe that date still stands...
RVwestand2: thanks tbirdd I have not received anything different either.
Already Blessed: Everything is awesome right NOW....I don't have any dates or rates but very hopeful that we are done....tony gave it all to you yesterday....no bad news .... Plenty of good news....hang in there
EXOGEN: THE MOST CRITICAL REFORM IS REMOVAL OF MALIKI FROM THE PRESIDENTIAL HOME, AND IT IS STARTING TO LOOK LIKE THE CITIZENS MAY DO IT THIS WEEK
WHAT MANY GURUS HAVE OVERLOOKED IS HOW CAN A COUNTRY COMPLETE NATIONWIDE REFORMS WITH MALIKI STILL IN THE PRESIDENTIAL PALACE...............
COUNTDOWN TO MALIKI OFFICIAL EXIT...................
EXOGEN: China’s yuan joins top 4 global currencies
Published time: 6 Oct, 2015 10:05Edited time: 6 Oct, 2015 10:34
© Petar Kujundzic / Reuters
The Chinese yuan became the fourth most-used currency for cross-border payments in August, according to global transaction services organization SWIFT. It’s the first time, the yuan has moved ahead of the Japanese yen.
There was a “substantial” increase in the use of the Chinese currency in the final week of August, and came on the back of market volatility, according to a report by SWIFT. This was caused by concerns over the Chinese economy slowing down and Beijing’s devaluation of the yuan, the report added.
Dnari131: » October 6th, 2015,
IMF Staff Completes 2015 Article IV Mission to Islamic Republic of Iran
Walkingstick: Abadi held a closed door meeting with Sistani's representative in Karbala
Author: HA, HH, TT
Editor: HA, HH 2015/10/06 16:48
Long-Presse / Karbala
Holding Prime Minister Haider al-Abadi, on Tuesday, closed-door meeting with a representative of the religious authority in Karbala Ahmed net.
A reporter (range Press), said that the Prime Minister Haider al-Abadi hold Enter one of the sponsor hospital rooms a closed door meeting with the representative of the religious authority in Karbala, Ahmad Safi.
The Prime Minister Haider al-Abadi, arrived on Tuesday, to the city of Karbala to participate in the continued opening of the Abbasid threshold Hospital. LINK
Frank26: CC NOTES last night : "Abadi held a closed door ........"
He held MANY !!! KTFA Frank
Walkingstick: Hamoudi: Iraq in front of a secure investment climate after the approval of amendment of the Investment Law
Written by AH Date: 06/10/2015 13:46
Baghdad - INA / First Deputy Chairman of the House of Representatives, Hamoudi, said on Tuesday that Iraq vector to achieve a secure investment climate to facilitate the work of investors.
He said Hamoudi's office said in a statement, "The Iraqi news agency" received a copy of it, "deputy speaker of parliament Humam Hamoudi received, today, the Romanian Ambassador Jacob Prada, and discussed with him the need to take advantage of Romania experience in building a healthy and effective emergency sector in Iraq."
Hamoudi said, that "The country is heading for a secure investment climate to facilitate the work of investors and provide all potential logistical and security to them, especially after the adoption of the investment law in the near future."
Hamoudi praised as "the experience of Romania in the face of corruption and its keenness to develop relations with Iraq," stressing "the need to activate the committees of friendship between the two sides especially in the field of economy and investment,Link
Frank26: Hamoudi: Iraq in front of a secure investment climate after the approval of amendment of the Investment Law" TA DA!!!!