Thanks My Ladies for letting us share from your private chatroom:
MY LADIES: NOW LET’S ALL GET BACK TO OUR ECONOMIC STUDY AND CHECK OUT THAT SILK ROAD SOME MORE. GREECE COINCIDENCE THERE IS NO BAIL OUT YET? NOPE!
BIS 2015 A TURNING POINT???
CHINA IS ABOUT TO MAKE THEIR DEBUT ON THE WORLD STAGE AND WE ARE WATCHING IT. THERE IS LITTLE DOUBT I THINK OF THEIR INCLUSION IN THE SDR BASKET IN JANUARY.
China seeks confirmation of renminbi’s arrival on world stage
http://ift.tt/1DfSmbB
MY LADIES: NOW LET’S ALL GET BACK TO OUR ECONOMIC STUDY AND CHECK OUT THAT SILK ROAD SOME MORE. GREECE COINCIDENCE THERE IS NO BAIL OUT YET? NOPE!
BIS 2015 A TURNING POINT???
CHINA IS ABOUT TO MAKE THEIR DEBUT ON THE WORLD STAGE AND WE ARE WATCHING IT. THERE IS LITTLE DOUBT I THINK OF THEIR INCLUSION IN THE SDR BASKET IN JANUARY.
China seeks confirmation of renminbi’s arrival on world stage
http://ift.tt/1DfSmbB
If, 20 or 30 years from now, central banks and sovereign wealth funds hold a significant portion of their reserves in renminbi-denominated assets, financial historians will probably look back on 2015 as a turning point.
The International Monetary Fund is engaged in a year-long review of the currency composition of its special drawing rights (SDR), with a final decision expected between November and early 2016. The currencies now included in the SDR “basket” are from the world’s most influential economies: dollars, euros, yen and sterling.
High quality global journalism requires investment. Please share this article with others using the link below, do not cut & paste the article. See our Ts&Cs and Copyright Policy for more detail. Email ftsales.support@ft.com to buy additional rights.
http://ift.tt/1eHeJep
The direct impact of SDR inclusion is almost negligible. The IMF created SDRs in 1969 to respond to a global shortage in viable reserve assets under the Bretton Woods system of fixed exchange rates.
But Bretton Woods collapsed less than a decade later and today various currencies not included in SDRs, such as the Swiss franc and Australian dollar, are also widely held as reserves.
MY LADIES: HUMMM WAS THAT A LITTLE HINT??? I WONDER…
**********
MY LADIES: WELL THE YUAN TRUCKS ON!
Increased Chinese Yuan Payments In South Africa Points To Healthy Relations And Progress
http://ift.tt/1eHeKPt
According to the latest figures released by SWIFT, Yuan transactions between China and South Africa are on the rise. Over the past year, trades increased by 33 percent.
Last month, payments between the two countries went up by 31.3 percent, while in June 2014 the total was at 10.8 percent and 4.8 percent in June 2013.
“Much of this growth has to do with the strengthened bilateral relations between South Africa and China, which were renewed at the end of 2014 to include trade co-operation and sustainable investment opportunities between the two countries,” said Hugo Smit, head of Africa South at SWIFT.
“RMB usage in South Africa should continue to grow at a good rate.”
“South African companies are focusing their efforts on emerging economies for new opportunities, and access to the Chinese market is at the heart of their strategy,” highlighted Deputy President Cyril Ramaphosa during the China-South Africa Business Forum.
MVL: This is very important for us, because I believe it will accelerate our ability to initiate an income stream, for example, from Chinese, Iraqi, or Iranian bonds...yes...?
AH: Very good point, MVL !!!
************
MY LADIES: WHAT ARE THE BOYS OVER AT FOREX SAYING??
China Might Soon Widen Renminbi Further to Get Included in IMF's SDR
http://ift.tt/1DfSkjS
China Might Soon Widen Renminbi Further to Get Included in IMF's SDR
Chinese State Council released a statement titled 'Key steps to promote foreign trade' last Friday and a follow-up press release, titled 'Yuan given more flexibility to boost exports' over the weekend. These readily intensified speculations that China would further widen renminbi's trading band. Though the timing is unspecified, we expect it to materialize before IMF's review of the SDR basket in October/November.
The act of band widening would demonstrate China in on the way to full capital account convertibility and its currency is becoming more "freely useable', a key criterion to be included in SDR.
MY LADIES: I WISH TO SEE IRAQ WIDEN THEIR BAND. WOULDN’T THAT BE NICE.
**********
MY LADIES: THE DEATH THAT NEVER COMES, HOW MUCH LIFE SUPPORT IS LEFT FOR GREECE? IMF IS TRYING TO PULL THE FINAL PLUG BUT THE EU REFUSES TO LIE DOWN. THE NEXT PAYMENT OF 3.2 BILLION EURO TO THE ECB IS AUGUST 20TH
IMF 'will not join Greece bailout until debt concerns are addressed'
http://ift.tt/1eHeKPv
The International Monetary Fund said Thursday it would not join a new bailout program for Greece until conditions for debt sustainability, including debt relief and economic reforms, are clearly assured.
MY LADIES: ALWAYS AS WE NEAR THE WEEKEND IT SEEMS WE HAVE THESE GREEK CLIFF HANGERS.
IMF Drops A Greek Bombshell
http://ift.tt/1DfSkjU
European markets continued their rebound yesterday, rising for the third day in a row, helped on their way by further positive earnings reports, as well as continued M&A, as a turbulent July comes to a close and the prospect of the first positive month since March.
Some of the gloss was taken off proceedings in the afternoon session on reports that the IMF board had insisted that, without debt relief, the organisation would not be able to take part in the latest Greece rescue package.
===============
MY LADIES: WHEN THINGS GET TOUGH NOT EVERYONE BAILS.
Greece news live: Tsipras confirms he ordered Varoufakis 'Plan B' after IMF threaten to scupper bail-out deal
http://ift.tt/1eHeJuE
Prime Minister defends his former minister after IMF reveal they are unwilling to provide any money for a new rescue right now
New Democracy, the largest opposition party in the Greek parliament have released a statement in the wake of Mr Tsipras' admission that he ordered his former finance minister to carry out contingency plans for a Grexit.
**********
IQD NOVA: ONE THING THAT I ENJOY ABOUT FOLLOWING THE IQD AND THE NEW ECONOMIC ENGINE THE MOST....
IS KNOWING WHEN THE FACTS ABOUT 2015 ARE WRITTEN DOWN IN THE HISTORY BOOKS....
2015 WILL BE SEEN AS THE START OF AN AMAZING ECONOMIC RUN THAT THE WORLD EVER SAW COMING!!!!
AND ALL THE DOOM AND GLOOM PEOPLE WILL BE LOOKING BACK WITH THERE THUMB UP THERE A**!!!!
FOLKS IN THE NEXT 4.3 YEARS THERE WILL BE GREAT VOLATILITY IN THE DEBT MARKETS BUT EVERYONE IN THIS ROOM WILL HAVE THE MEANS TO POSITION THEMSELVES LIKE NEVER BEFORE!!
AND YES THIS IS NOVAS WAY OF SAYING HE IS EXPECTED!!! (Excited)
The International Monetary Fund is engaged in a year-long review of the currency composition of its special drawing rights (SDR), with a final decision expected between November and early 2016. The currencies now included in the SDR “basket” are from the world’s most influential economies: dollars, euros, yen and sterling.
High quality global journalism requires investment. Please share this article with others using the link below, do not cut & paste the article. See our Ts&Cs and Copyright Policy for more detail. Email ftsales.support@ft.com to buy additional rights.
http://ift.tt/1eHeJep
The direct impact of SDR inclusion is almost negligible. The IMF created SDRs in 1969 to respond to a global shortage in viable reserve assets under the Bretton Woods system of fixed exchange rates.
But Bretton Woods collapsed less than a decade later and today various currencies not included in SDRs, such as the Swiss franc and Australian dollar, are also widely held as reserves.
MY LADIES: HUMMM WAS THAT A LITTLE HINT??? I WONDER…
**********
MY LADIES: WELL THE YUAN TRUCKS ON!
Increased Chinese Yuan Payments In South Africa Points To Healthy Relations And Progress
http://ift.tt/1eHeKPt
According to the latest figures released by SWIFT, Yuan transactions between China and South Africa are on the rise. Over the past year, trades increased by 33 percent.
Last month, payments between the two countries went up by 31.3 percent, while in June 2014 the total was at 10.8 percent and 4.8 percent in June 2013.
“Much of this growth has to do with the strengthened bilateral relations between South Africa and China, which were renewed at the end of 2014 to include trade co-operation and sustainable investment opportunities between the two countries,” said Hugo Smit, head of Africa South at SWIFT.
“RMB usage in South Africa should continue to grow at a good rate.”
“South African companies are focusing their efforts on emerging economies for new opportunities, and access to the Chinese market is at the heart of their strategy,” highlighted Deputy President Cyril Ramaphosa during the China-South Africa Business Forum.
MVL: This is very important for us, because I believe it will accelerate our ability to initiate an income stream, for example, from Chinese, Iraqi, or Iranian bonds...yes...?
AH: Very good point, MVL !!!
************
MY LADIES: WHAT ARE THE BOYS OVER AT FOREX SAYING??
China Might Soon Widen Renminbi Further to Get Included in IMF's SDR
http://ift.tt/1DfSkjS
China Might Soon Widen Renminbi Further to Get Included in IMF's SDR
Chinese State Council released a statement titled 'Key steps to promote foreign trade' last Friday and a follow-up press release, titled 'Yuan given more flexibility to boost exports' over the weekend. These readily intensified speculations that China would further widen renminbi's trading band. Though the timing is unspecified, we expect it to materialize before IMF's review of the SDR basket in October/November.
The act of band widening would demonstrate China in on the way to full capital account convertibility and its currency is becoming more "freely useable', a key criterion to be included in SDR.
MY LADIES: I WISH TO SEE IRAQ WIDEN THEIR BAND. WOULDN’T THAT BE NICE.
**********
MY LADIES: THE DEATH THAT NEVER COMES, HOW MUCH LIFE SUPPORT IS LEFT FOR GREECE? IMF IS TRYING TO PULL THE FINAL PLUG BUT THE EU REFUSES TO LIE DOWN. THE NEXT PAYMENT OF 3.2 BILLION EURO TO THE ECB IS AUGUST 20TH
IMF 'will not join Greece bailout until debt concerns are addressed'
http://ift.tt/1eHeKPv
The International Monetary Fund said Thursday it would not join a new bailout program for Greece until conditions for debt sustainability, including debt relief and economic reforms, are clearly assured.
MY LADIES: ALWAYS AS WE NEAR THE WEEKEND IT SEEMS WE HAVE THESE GREEK CLIFF HANGERS.
IMF Drops A Greek Bombshell
http://ift.tt/1DfSkjU
European markets continued their rebound yesterday, rising for the third day in a row, helped on their way by further positive earnings reports, as well as continued M&A, as a turbulent July comes to a close and the prospect of the first positive month since March.
Some of the gloss was taken off proceedings in the afternoon session on reports that the IMF board had insisted that, without debt relief, the organisation would not be able to take part in the latest Greece rescue package.
===============
MY LADIES: WHEN THINGS GET TOUGH NOT EVERYONE BAILS.
Greece news live: Tsipras confirms he ordered Varoufakis 'Plan B' after IMF threaten to scupper bail-out deal
http://ift.tt/1eHeJuE
Prime Minister defends his former minister after IMF reveal they are unwilling to provide any money for a new rescue right now
New Democracy, the largest opposition party in the Greek parliament have released a statement in the wake of Mr Tsipras' admission that he ordered his former finance minister to carry out contingency plans for a Grexit.
**********
IQD NOVA: ONE THING THAT I ENJOY ABOUT FOLLOWING THE IQD AND THE NEW ECONOMIC ENGINE THE MOST....
IS KNOWING WHEN THE FACTS ABOUT 2015 ARE WRITTEN DOWN IN THE HISTORY BOOKS....
2015 WILL BE SEEN AS THE START OF AN AMAZING ECONOMIC RUN THAT THE WORLD EVER SAW COMING!!!!
AND ALL THE DOOM AND GLOOM PEOPLE WILL BE LOOKING BACK WITH THERE THUMB UP THERE A**!!!!
FOLKS IN THE NEXT 4.3 YEARS THERE WILL BE GREAT VOLATILITY IN THE DEBT MARKETS BUT EVERYONE IN THIS ROOM WILL HAVE THE MEANS TO POSITION THEMSELVES LIKE NEVER BEFORE!!
AND YES THIS IS NOVAS WAY OF SAYING HE IS EXPECTED!!! (Excited)
MY LADIES: OK SO I'M NOT GOING TO IRAQ IF THERE IS NOTHING YOU THINK I NEED TO LOOK AT FROM THERE THEN WE'RE DONE FOR NOW.
SSS: tariffs and power transfer still looks like a go?
MY LADIES: YEA IT DOES, IT ALL LOOKS GOOD, DO WE HAVE ANY LINKS??
Bandito Rox: Everything still on schedule for Sunday
The central bank issued bonds in dollars on behalf of the financial
Economy and tenders Since 07/31/2015 15:57 pm (Baghdad time)
Baghdad scales News
The central bank announced on Friday, put forward delivery in US dollars "bearer" on behalf of the Ministry of Finance, while noting that the amount of the value of bonds of up to $ 2 billion in bonds.
The bank said in a statement received / scales News / copy, "we will ask the delivery term currency dollar bills" for the carrier "on behalf of the Ministry of Finance, dated August 2 and until 31 August next," adding that "the issuance of bonds will be four categories" in 2500 and 10000 and 50000 and 100000 "US dollars and a total of $ 2 billion dollars."
He explained, "The sale of these bonds in Iraqi dinars at a price of 1095 dinars per dollar, and is payable by the Ministry of Finance at the end of next year 12/31/2016, noting that it will pay in dollars for maturity."
He said the bank "These bonds can be used as collateral for loans or guarantees require facilities" .anthy 29 / d 25 LINK
**********
Bandito Rox: And the taxes on schedule for tomorrow also
(*) Takeda to published / scales News / .. imposing on Kartat mobile multiplicative effect from 1.8.2015
Economy and tenders Since 07/31/2015 15:28 pm (Baghdad time
Special scales News
Confirmed mobile phone companies, on Friday, to start to impose 20% as "sales tax" on cards and electronic packaging for mobile phone / mobile Kartat / from tomorrow Saturday, 08.01.2015.
The mobile phone companies in the short message "SMS" sent "The Ministerial Order issued by the Ministry of Finance of the General Authority for taxes for all mobile operators, as tomorrow the first Saturday of the month of August" collection ". LINK
SSS: tariffs and power transfer still looks like a go?
MY LADIES: YEA IT DOES, IT ALL LOOKS GOOD, DO WE HAVE ANY LINKS??
Bandito Rox: Everything still on schedule for Sunday
The central bank issued bonds in dollars on behalf of the financial
Economy and tenders Since 07/31/2015 15:57 pm (Baghdad time)
Baghdad scales News
The central bank announced on Friday, put forward delivery in US dollars "bearer" on behalf of the Ministry of Finance, while noting that the amount of the value of bonds of up to $ 2 billion in bonds.
The bank said in a statement received / scales News / copy, "we will ask the delivery term currency dollar bills" for the carrier "on behalf of the Ministry of Finance, dated August 2 and until 31 August next," adding that "the issuance of bonds will be four categories" in 2500 and 10000 and 50000 and 100000 "US dollars and a total of $ 2 billion dollars."
He explained, "The sale of these bonds in Iraqi dinars at a price of 1095 dinars per dollar, and is payable by the Ministry of Finance at the end of next year 12/31/2016, noting that it will pay in dollars for maturity."
He said the bank "These bonds can be used as collateral for loans or guarantees require facilities" .anthy 29 / d 25 LINK
**********
Bandito Rox: And the taxes on schedule for tomorrow also
(*) Takeda to published / scales News / .. imposing on Kartat mobile multiplicative effect from 1.8.2015
Economy and tenders Since 07/31/2015 15:28 pm (Baghdad time
Special scales News
Confirmed mobile phone companies, on Friday, to start to impose 20% as "sales tax" on cards and electronic packaging for mobile phone / mobile Kartat / from tomorrow Saturday, 08.01.2015.
The mobile phone companies in the short message "SMS" sent "The Ministerial Order issued by the Ministry of Finance of the General Authority for taxes for all mobile operators, as tomorrow the first Saturday of the month of August" collection ". LINK
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