Mountainman: Here we go folks.......FOLLOW the Theme In (MUCH) of ALL these Articles.....Thus the Reason I highlight "CERTAIN" Words......CIPS....I said Last Week would "NOT" take Over but "COULD" be a COMPLIMENT to the SWIFT and May just be a NEW VEHICLE for the BRICS Banking.....Keep Watching as We SEE ALL "REVEAL" their Prized (POSSESSIONS)......IMO
Thunderhawk: European financial CEO: Over 10 countries out of SWIFT
Still there are 10 to 12 countries in the world that are not connected with SWIFT, the Society for Worldwide Interbank Financial Telecommunication, says the CEO of a German financial services.
'Some countries, including North Korea, Somalia and Yemen are not connected with the SWIFT,' Armin Gerhardt CEO of EFiS EDI Finance Service AG told recently to the Islamic Republic News Agency on the sidelines of the 'Banking and Business Forum Iran Europe'
'More than 9,000 banks in more than 200 countries across the world are directly or indirectly connected together through SWIFT,' Gerhardt added.
He said that SWIFT is the only global provider of secure financial services for inter-bank connection.
'Other available systems are considered local and provide far less coverage compared to SWIFT,' he said, answering a question on other parallel systems, including CIPS or the China International Payment System.
'The interbank payment system provided by China is not a parallel to SWIFT but it can complement it,' said CEO of EFiS EDI Finance Service AG whose company offers services for payment transactions, treasury and securities.
Located in Dreieich near Frankfurt, the company focus in addition to SWIFT service for companies and banks.
The second meeting of Banking and Business Forum Iran Europe took place in Tehran from March 5 to 7.
After the implementation of the Joint Comprehensive Plan of Action and the removal of Western-imposed sanctions against Iran, the country has been reconnected to SWIFT.
Mountainman: I see that from INDIA.....=the EAST a VALID Reason WHY???......Now The IMF is Launching it's TRANSITION.....BRICS=India and Others are set to WORK "Together" and [IMPLEMENT] The IMF'S (GLOBAL) "STRUCTURAL FRAMEWORK" ...........
Remember last Month how their Reserves had gone UP significantly and DOC/HAWK brought us the Article showing that they (Amassed) a Major Jump in their Banks w/In A Few Weeks.....so W/that in Mind......It doesn't Surprise me that Lagarde w/ Her New Term as IMF Director is (LAYING) Out The Eastern Birth w/India and their Economy!!!!!!!!.......
So Here we see 40% of the Globes Economy w/ (Almost) 66% of the Worlds Growth over the NEXT 4 Years is (HUGE)......ALL this highlighted Language....from her SPEAKS VOLUMES.......IMO.......The LAUNCH has (begun) w/the Global TRANSITION and More Will Follow From the EAST to the WEST.......thus WHY???....INDIA is A Major Step towards the "NEW" becoming (Reality)....also ****
Note**** their "FISCAL" Year ending March 31,2016......It's about as Clear as "THEY" are going to tell You.....The New Values are yet to be seen....but.....What I'm Seeing and Hearing here is "A PRECURSOR" that Sets the TONE for the Rest of the WORLD!!!!!!!!.........IMO....
W8tn4it2rv: IMO THE IMF's FISCAL YEAR ENDS IN MARCH (THEIR NUMBERS HAVE BEEN BAD FOR THE LAST 7 YEARS)!!!
THATS WHY THE EFFECTIVE DATES ALL SHOW 3/15 FOR THE UN Operational Rates of Exchange.
REMEMBER HISTORICALLY THEY HAVE DONE MOST RATE CHANGES IN APRIL.
Avatar: Finally, someone is catching on to April 2016 being the true target date. Everything else - laws, Mosul, political reforms, demonstrations, CBI's monetary reforms, IMF MOI was all planned to converge on April 2016 - IMO.
Mountainman: AWESOME DELTA........USA says No WAY.......Is ANYONE going to "GET AWAY"w/ (NOT) Paying their "Fair Share"!!!!!!!!.....
WHY???......Because it's RISE and Shine "TIME".......ALL Around the WORLD!!!!!!!!........(8)= NEW BEGINNINGS....IMO
Happy Belated Birthday Delta.....was Out of Town........Trying to get Caught Up w/ All this Powerful News.....LOL.....
Utahgirl: I HAVE TO ADD MY TWO CENTS ON THE BANKS BEING THE BAD GUYS...LOL...SO DONT GET IN AN UPROAR OVER IT...THIS IS JUST MY OPINION AND MY OWN THOUGHTS SINCE I WORK FOR THEM...BANK ARE NOT THE ENEMY IN THIS. THEY ARE SUPER SUPER SUPER REGULATED!!! THERE IS SO MUCH RED TAPE FOR EVERY TRANSACTION IT IS ALMOST REDICULOUS! THEY ARE NOT OUT TO STEAL YOUR MONEY ...NOW WITH THAT SAID I WILL NOW ADD.. WHEN YOU GO TO THE BANK PLEASE GO IN KNOWING THEY ARE THERE TO HELP YOU ...
TANK: HEY GUYS, NOT SURE IF YOU PUT THE PIECES TOGETHER FROM WOLFY'S INTEL, BUT HE SAID THE AMIN HOLD RELEASE CODES ARE NOW IN THE BANK, PRYOR, BANKS COULD SEE THE RATES BUT WHEN THEY WOULD CONDUCT A TRANSACTION TI WOULD SAY "ADMIN HOLD". THE BANKS NOW HAVE THOSE CODES IN THEIR POSSESSION TO MOVE FORWARD.
AGMan: A good friend of mine called WF And talked to a WM in Alabama. He got the usual we don't exchange those currencies. But...he got an email from the WF stating he could assist him in his new endeavor and wanted to meet and have lunch. He even gave his cell #.
Briona: Could it be, that it is taking longer than anticipated for the banks to process the whales and groups, hence our not being in the bank yet?
wmawhite What is missing in the following list of currencies?
1 Egyptian Pound = $0.13
1 Jordanian Dinar = $1.41
1 Qatar Riyal = $0.27
1 Bahraini Dinar $2.65
1 Israeli Shekel = $0.26
1 Saudi Riyal = $0.27
1 United Arab Emirates Dirham = $0.27
1 Omani Riyal = $2.59
1 Kuwaiti Dinar = $3.31
1 Iraqi Dinar $0.00085
All of those countries in the region have currencies that are of value greater than at least $0.10 except for Iraq. Yet, Iraq's economy is hundreds of times bigger than all of those countries.