KTFA:
DELTA: FRANKIE FRANKIE:
“after it has been installed price in the budget agreement with the Government and the International Monetary Fund ".
IT LOOKS LIKE THE NEW BUDGET HAS A RATE THAT WAS AGREED WITH THE IMF... DELTA
Nephtali: OH MY!!! THIS IS THE START OF A GOOD WEEK .... imo
GFulcher66: the snoopy dance is coming, hopefully international donor nation rate
Dnari131: yep it's in the articles too Delta (thumbs up!)
dnari131 » January 10th, 2016, 3:15pm
Central Bank: the devaluation of the dinar detriment of the citizen and not the intention for it
....
DELTA: FRANKIE FRANKIE:
“after it has been installed price in the budget agreement with the Government and the International Monetary Fund ".
IT LOOKS LIKE THE NEW BUDGET HAS A RATE THAT WAS AGREED WITH THE IMF... DELTA
Nephtali: OH MY!!! THIS IS THE START OF A GOOD WEEK .... imo
GFulcher66: the snoopy dance is coming, hopefully international donor nation rate
Dnari131: yep it's in the articles too Delta (thumbs up!)
dnari131 » January 10th, 2016, 3:15pm
Central Bank: the devaluation of the dinar detriment of the citizen and not the intention for it
....
Sunday, January 10th 2016
BAGHDAD / ... stressed the central bank, Sunday, the lack of intent to amend the Iraqi dinar exchange rate, pointing out that the devaluation of the dinar would lead to damaging the purchasing power of citizens.
The bank said in a statement: "Eye Iraq News" received a copy of it, he was "no intention to amend the dinar exchange rate and that what is declared by the otherwise from any person or entity has not considered particularly after it has been installed price in the budget agreement with the Government and the International Monetary Fund ".
The statement added that "the central bank is well aware that any reduction in the value of the dinar meant damaging the purchasing power of citizens because most of their needs are imported."
The prime minister Haider al-Abadi said earlier, that the Iraqi currency backed strongly there is no fear on the exchange rate of the dinar against the dollar, as he pointed to the existence of "manipulation and conspiracy" to influence the current situation.
http://ift.tt/1Od3Hv7
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Dinar Updates:
wmawhite I will not go into details other than to state that I forwarded the announcement about the coin to an individual who had it translation by an Iraqi and he gave a very different translation than what we have seen.
The CBI has minted these gold coins and it is for much more than just pulling in the paper currency.
IMO, the CBI is on the verge of establishing a value for the IQD and these coins are the beginning of it.
IMO, this is huge and we don't even understand what the CBI may be getting in position to do. ...the CBI did not have to put a denomination on the coins...just print them and sell them...instead, the CBI is stating this is 100 IQD and this is 250 IQD...and you know how much gold you have in them and you know the price of gold and in the future you know the value of the IQD.
IMO, this is setting the stage for what will happen in the near future...don't know exactly when...of course, if these translations are correct.
********************************
TNT:
TennWolfMan: hi--the reason there is no intel is because we are at the end of the race--nothing left to do or say except crossing the finish line and cheering
Kman: Historic First: North Atlantic EMPTY of Cargo Ships in-transit - ALL anchored along coasts; none moving ........http://ift.tt/22SrurC
Ivantulafitov: KMAN what does that mean ,,, why arent they moving?
Billnmas: that means that no ships going either direction delivering or shipping product......they are trying to tell you the world economy is coming to a screaching halt
KMan: Ivan, just an educated guess. Their waiting to see where the dollar is going before they release their cargos.
Ivantulafitov: I googled this " North Atlantic EMPTY of Cargo Ships in-transit - ALL anchored along coasts; none moving" and it is on mostly fringe blogs.... reposted everywhere I dont know how true it is looks like not real news to me
KMan: Ivan, probably because the main stream media was told not to touch the story. The original source was the AP ( associated press.
KMan: All we can do is watch the markets for any sign the train is falling off the tracks. S&P furures are already down -14. If they keep dropping this evening, the DOW will break below 16,000
Speedy: Futures down, the Market will follow !!!
Pearle: I heard the Dow lost over 1,000 puts last week
Asia Markets down 1.5 to 2.5% http://ift.tt/Lb0Wi4
Julie: If you watch the movieThe Big Short you will see all the coruption that we don't even understand.
Honorfirst: This has been forseen for at least 5 years that I can recall. Remember that first they [PTB] need to develop a problem, then a crisis, then have the public clamboring for a solution, then a 'leader' will say 'follow me, I know the way' [imf] THEN there will be the reset. I pretty much believe we are here...now.
SassyD: MOVIE:....... The 'BIG SHORT' Gets It Right -- Jan 6, 2016 10:34 AM EST -- One of the most widely anticipated films of the holiday season was released to big audiences and wide acclaim. It tells the tale of an epic battle between the forces of light and darkness...... http://ift.tt/1Pfugxo ...
Watch THE BIG SHORT Online: http://ift.tt/1Od3JTz
BAGHDAD / ... stressed the central bank, Sunday, the lack of intent to amend the Iraqi dinar exchange rate, pointing out that the devaluation of the dinar would lead to damaging the purchasing power of citizens.
The bank said in a statement: "Eye Iraq News" received a copy of it, he was "no intention to amend the dinar exchange rate and that what is declared by the otherwise from any person or entity has not considered particularly after it has been installed price in the budget agreement with the Government and the International Monetary Fund ".
The statement added that "the central bank is well aware that any reduction in the value of the dinar meant damaging the purchasing power of citizens because most of their needs are imported."
The prime minister Haider al-Abadi said earlier, that the Iraqi currency backed strongly there is no fear on the exchange rate of the dinar against the dollar, as he pointed to the existence of "manipulation and conspiracy" to influence the current situation.
http://ift.tt/1Od3Hv7
*******************************
Dinar Updates:
wmawhite I will not go into details other than to state that I forwarded the announcement about the coin to an individual who had it translation by an Iraqi and he gave a very different translation than what we have seen.
The CBI has minted these gold coins and it is for much more than just pulling in the paper currency.
IMO, the CBI is on the verge of establishing a value for the IQD and these coins are the beginning of it.
IMO, this is huge and we don't even understand what the CBI may be getting in position to do. ...the CBI did not have to put a denomination on the coins...just print them and sell them...instead, the CBI is stating this is 100 IQD and this is 250 IQD...and you know how much gold you have in them and you know the price of gold and in the future you know the value of the IQD.
IMO, this is setting the stage for what will happen in the near future...don't know exactly when...of course, if these translations are correct.
********************************
TNT:
TennWolfMan: hi--the reason there is no intel is because we are at the end of the race--nothing left to do or say except crossing the finish line and cheering
Kman: Historic First: North Atlantic EMPTY of Cargo Ships in-transit - ALL anchored along coasts; none moving ........http://ift.tt/22SrurC
Ivantulafitov: KMAN what does that mean ,,, why arent they moving?
Billnmas: that means that no ships going either direction delivering or shipping product......they are trying to tell you the world economy is coming to a screaching halt
KMan: Ivan, just an educated guess. Their waiting to see where the dollar is going before they release their cargos.
Ivantulafitov: I googled this " North Atlantic EMPTY of Cargo Ships in-transit - ALL anchored along coasts; none moving" and it is on mostly fringe blogs.... reposted everywhere I dont know how true it is looks like not real news to me
KMan: Ivan, probably because the main stream media was told not to touch the story. The original source was the AP ( associated press.
KMan: All we can do is watch the markets for any sign the train is falling off the tracks. S&P furures are already down -14. If they keep dropping this evening, the DOW will break below 16,000
Speedy: Futures down, the Market will follow !!!
Pearle: I heard the Dow lost over 1,000 puts last week
Asia Markets down 1.5 to 2.5% http://ift.tt/Lb0Wi4
Julie: If you watch the movieThe Big Short you will see all the coruption that we don't even understand.
Honorfirst: This has been forseen for at least 5 years that I can recall. Remember that first they [PTB] need to develop a problem, then a crisis, then have the public clamboring for a solution, then a 'leader' will say 'follow me, I know the way' [imf] THEN there will be the reset. I pretty much believe we are here...now.
SassyD: MOVIE:....... The 'BIG SHORT' Gets It Right -- Jan 6, 2016 10:34 AM EST -- One of the most widely anticipated films of the holiday season was released to big audiences and wide acclaim. It tells the tale of an epic battle between the forces of light and darkness...... http://ift.tt/1Pfugxo ...
Watch THE BIG SHORT Online: http://ift.tt/1Od3JTz
TNT Cont……
Kman: CHINA ORDERS BANKS TO STOP PURCHASING U.S. DOLLARS!
http://ift.tt/1Od3Hv9
Sunday, January 10, 2016
CHINA ORDERS BANKS TO STOP PURCHASING U.S. DOLLARS!
In a stunning move, China has suspended some banks from Foreign Exchange markets and ordered other banks to stop buying Dollars.
China’s foreign exchange regulator has ordered banks in some of the country’s major import and export centers to limit purchases of U.S. dollars this month, three people with direct knowledge said, in the latest attempt to stem capital outflows.
The move comes as China reported its biggest annual drop in foreign exchange reserves on record in 2015, while the central bank has allowed a sharp slide in the Yuan currency to multi-year lows, raising fears of more capital flight.
All banks in certain trading hubs, including Shenzhen, received the order recently, the people added. They declined to be identified because they are not allowed to speak to the media.
The total amount of U.S. dollars sold to clients in January for a bank in one of these hubs cannot exceed the amount sold in December, according to the people.
http://ift.tt/1IXYmsv
All banks in certain trading hubs, including Shenzhen, received the regulator’s order recently, the sources added. They declined to be identified because they are not allowed to speak to the media.
“It will have some impact, because it is a form of control, but at the moment the limit doesn’t seem very restrictive so unless they extend the period of the limit, it’s unlikely to change volumes over the whole year,” said a senior banker in the foreign exchange department of a foreign bank. “It’s just to stop panic buying this month,” the banker added.
http://ift.tt/1Od3HLn
Confirmed by Financial Times of London.
China is ratcheting up ad hoc capital controls to stem accelerating capital outflows, with banks restricting dollar purchases amid fierce demand from households and companies.
The foreign exchange regulator has provided verbal guidance to banks in Shenzhen instructing them to limit dollar buying by individual and corporate clients, according to a person with knowledge of the situation.
The official Shanghai Securities News cited client managers at banks in Shenzhen including Industrial and Commercial Bank of China and Bank of China as saying that demand for US and Hong Kong dollars had increased sharply since the start of the year. Chinese residents are permitted to buy up to $50,000 annually, with the quota resetting at the beginning of the calendar year.
“They’re focused on Shenzhen and Shanghai because that’s where demand has really spiked,” said the person.
http://ift.tt/1MXfTfn
http://ift.tt/1SbHmSm
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Emailed to Recaps:
Something Just Snapped: Rand Crashes, Yen Surges, Dow Futures Tumble
Submitted by Tyler Durden on 01/10/2016 17:38 -0500
China ripples may be turning into tsunamis. As FX markets creep open, something serious must have snapped.
The South African Rand just crashed 10% - the biggest single-day drop since Lehman - to new record lows.
At the same time, carry trades are being unwound en masse, smashing USDJPY down to 116.75 (strongest Yen in a year). Somebody do something!!
The South African Rand crashed 10% to a record low against the USD of 17.9169. This 10% collapse is the largest on record outside of the immediate post-Lehman move...
It appears people were expecting some Chinese intervention over the weekend... and so far have been disappointed.
http://ift.tt/1SI8Yhb
via Dinar Recaps - Our Blog http://ift.tt/1Od3HLp
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