Scarelt2575: The real question is how long is the waiting period between each rv? It could be minutes hours or days. Nobody knows.
Frank26: The IMF will go in a Logical way ……. IMO …… Simultaneously.
If a gap ….. IMO …… No less than 2 hours no more than 6 more than likely 4……..
While The WEST REST.
MoneyTalks1: HI Frank, IYO……After the IMF coordinates all the currencies to the revalue at a certain time-and release them to the public- at the same time(within 6 hrs, as you said), what lag time will there be among all the revalued countries to be able to go to the bank or currency exchange companies and exchange your currency? eg. right away. a few days, one week. I would assume, each country central bank will have to approve the rate and give the information and instructions to all the banks and exchange companies within that country.
Cleitus: (IMO) When the dinar goes international it will start with the CBI announcing it on their site. The Europeans will have an advantage IF the rate is announced while we are counting our sheep. Now…, all of this may be without merit if there is something we are overlooking. But if the rate is international it will come from the East to the West and then it makes no difference. The Europeans will get first crack at it. This is merely food for thought, BUT, for serious consideration for something else to occur!!
RickLibby:(IMO) if the rate goes up at any time it is automatically the same world wide. the imf and currency exchange sites will have it immediately. now if another currency you like is not in that basket, well when you get you transfer of capitol you can gain on it. if the imf and powers that be are negligent enough to allow such. but as IMO, watch out for the others, you may think are going to rise. because many are planning to decrease to keep profits on their side. rick
Dnari131: World | Sat Jan 23, 2016
Related: WORLD, CHINA, UNITED NATIONS, DAVOS
Iran, China agree $600-billion trade deal after sanctions
DUBAI | BY BOZORGMEHR SHARAFEDIN
Iran and China agreed to expand bilateral ties and increase trade to $600 billion in the next 10 years, President Hassan Rouhani said on Saturday during a visit to Tehran by Chinese President Xi Jinping.
Xi is the second leader of a U.N. Security Council member to visit Tehran after the nuclear deal Iran struck with world powers last year. Russian President Vladimir Putin visited Tehran in November.
Iran emerged from years of economic isolation this month when the United Nations’ nuclear watchdog ruled it had curbed its nuclear program, clearing the way for the lifting of U.N., U.S., and European Union sanctions.
“Iran and China have agreed to increase trade to $600 billion in the next 10 years,” Rouhani said at a news conference with Xi broadcast live on state television.
Iran and China signed 17 accords on Saturday, including on cooperation in nuclear energy and a revival of the ancient Silk Road trade route, known in China as One Belt, One Road.
“China is still heavily dependent on Iran for its energy imports and Russia needs Iran in terms of its new security architecture vision for the Middle East,” said Ellie Geranmayeh, policy fellow at the European Council on Foreign Relations.
“Iran plays quite an integral role for both China and Russia’s interests within the region, much more than it does for the Europeans,” Geranmayeh said.
The Chinese state-backed Global Times newspaper said in an editorial on Saturday that China hoped to improve ties with Iran as part of its sweeping plan to rebuild trade links with Europe and Asia and carve out new markets for its goods.
“China is of course considering its self interest in strengthening cooperation with Iran, especially at a time when China is in the midst of expending efforts to push forward the One Belt, One Road initiative, Iran is an important fulcrum,” the paper said.
Rouhani said the countries had also agreed to cooperate on “terrorism and extremism in Iraq, Syria, Afghanistan and Yemen”.
China signaled its support for Yemen’s government, which is fighting an Iran-allied militia, during Xi’s visit to Saudi Arabia, Iran’s rival for influence in the region, this week.
Tehran is widely credited with convincing Russia to start its military intervention in Syria and join the fight against Islamic State.
“Although China and Russia backed U.N. sanctions against Iran on its nuclear program, they were also heavily pushing for special waivers to continue trading with Iran,” Geranmayeh said.
“Iran had a relationship both politically and economically with China and Russia for the last ten years in ways that it hasn’t had with Europe. So it’s quite natural to see it opening up first to these countries.”
The Chinese president was to meet Iran’s most powerful figure, Supreme Leader Ayatollah Ali Khamenei, later in the day.
http://www.reuters.com/article/us-iran- … SKCN0V109V
Walkingstick: Top China Bank Seeking Iran Branch
EconomyBusiness And Markets
The bank, which is said to be the largest in the world in terms of total assets and market capitalization, has requested to open branches in Iran’s Kish Trade Zone and in the mainland, IRIB news agency quoted Hussein Yaqoubi, CBI deputy for international affairs, as saying on Thursday.
Noting that international banks have expressed interest in business in Iran following the removal of sanctions, he said several banks from Lebanon, as well as from European countries, namely Austria and Italy, have sent requests to Tehran to open branches.
Yaqoubi opine that the CBI encourages the idea of setting up branches of foreign banks in Iran.
Foreign banks in Iran can start business in the FTZs with 100% ownership, partner with Iranians or purchase shares in local banks. But according to current laws investors can hold only up to 40% of shares in mainland banks.
Since March 2012, as part of measures to intensify the sanctions on Tehran due to its nuclear program, Iran’s banking system had been deprived of access to SWIFT.
Meanwhile, CBI Governor Valiollah Seif said that despite the removal of international sanctions, some Iranian banks are still on the red list.
In a joint statement on Jan. 16, the EU High Representative Federica Mogherini and Iran’s Foreign Minister Mohammad Javad Zarif announced the implementation of Iran’s nuclear deal with the P5+1, and the removal of economic sanctions.
The statement said the EU confirms that the legal framework, providing for lifting of its nuclear-related economic and financial sanctions, had come into effect ending all US, UN, EU sanctions related to the nuclear dispute.