EHankins: Frank…TODAY I REALIZED THAT IF YOU PUT IT OUT THERE…THEN IT MUST BE OK TO THROW AN IMO. SO….HERE’S MY OPINION…IT CAN BE OMITTED IF NECESSARY WITH NO OFFENCE.
WE KNOW THE EAGLE LANDED AND IYO PASSED OUT TO THE APPROPRIATE HOMES.IF THE LD’S ARE OUT THERE IN THE BANKS THEN THEY ARE NOT GOING TO HAVE THEM OUT THERE JUST GATHERING DUST AND POTENTIAL THEFT…
THIS TELLS ME IMO #4 IS DONE AND YOU WOULDN’T JUST TALK ABOUT IT ANYMORE..YOU ARE GOING TO “SHOW US #4”
THEN AS OF WITHIN 3 WE WILL TAKE OUR FIRST WALK ON THE SURFACE OF THIS NEW TERRA FIRMA..TO ME THIS SAYS, WE WILL WALK FOR THE “FIRST TIME ON A NEW EARTH..SOLID EARTH..AS IF TO SAY A BRAND NEW WORLD…EVERYTHING WILL BE DIFFERENT..EVEN A NEW BRAIN CHEMISTRY.
I ADMIT THE “AS OF WITHIN 3,” THREW ME BECAUSE YOUR RESPONSE TO A POST WAS YOU SAID YOU DIDN’T SAY DAYS…BUT PERHAPS YOUR’E SAYING MONDAY WE WILL SEE IT.
THINGS ARE MOVING AT WARP SPEED OF LIGHT…HARD TO CHALLENGE THAT….
MONDAY CC WE WILL “SHOW YOU #4..NOT TALK ABOUT IT BUT SHOW US # 4…SHABIBIS LIFTING THE RATE AND THE NUMBER WE SEEK
THEN WERE GOING TO HAVE EMERGENCY CC BUT STAFF IS AWARE ALREADY SO MONDAY A CC
CERTAINLY THE BIGGEST AND LOUDEST TA-DA!!! NOTHING COMPARES TO THIS NEWS….
THE REFORM IS IN FRONT OF OUR EYES…IF THE REFORM IS DONE AND CONGEALING AND WEBBING THROUGH OUT THEN EVERYTHING IS COMPLETE…EVERYTHING!
NOW NOW NOW THE CHINA SYNDROME “IN EFFECT” CHINA SYNDROME …CHINA SAID I THINK IN THE 80’s,WE WON’T RV OUR CURRENCY AND EVERYONE WAS BUMMED OUT BUT….THE VERY NEXT DAY … IT DID…….IF IT IS NOW NOW NOW A CHINA SYDROME THEN THERE’S NOTHING TO WAIT UPON ANYMORE EXCEPT TO HEAR THE FINAL NUMBERS ON MONDAYS CC….
THEN YOU SAID YOU HAVE TO GO AND SIT AND ….BE…..STILL…I TOOK THIS AS YOU SAYING YOU MUST BE SILENT AS IN BEING STILL..I DARE NOT SAY MORE…COOL.
NOW I COULD BE WAY OFF BUT THIS IS WHAT MY MIND PUT TOGETHER FROM THE PIECES OF OF HISTORY FROM THE PAST MONTHS OF OUR CCS..TO SAY THE LEAST I’M DANCING WITH CONTROLLED EXCITEMENT..GROUNDED.
Toyvp: Another source confirmation
Walkingstick: IMF: 2016 budget will be adjusted in line with our software
1/15/2015 (00:01 pm) – BAGHDAD / Zahraa Hamid
The International Monetary Fund, on Saturday, the head of the Iraqi government, Haider al-Abadi, will adjust next 2016 budget in line with the macroeconomic framework of the program watched by the fund, while between that of the most important of those reforms to approve the draft financial management law and the completion of a survey of local arrears accumulated on the government, and compile a list of bank accounts under its control, and the appointment of auditors of international financial data for Bmsrvi Rafidain and Rasheed,showed lack of support for the devaluation of the dinar.
The head of the IMF mission for Iraq, Christian Jusz, in response to questions from reporter (range Press), “The program, which is monitored by IMF staff pillar is financial framework for Iraq to the end of next 2016,” noting that “the Iraqi prime minister, Haydar al-Abadi , amendments will be on the next 2016 budget year and submit it to the House of Representatives in line with the framework of the agreed macroeconomic Under the program, which is watched by IMF experts.
“He added Jusz, that” the program is watched Fund, requires the Iraqi government’s commitment to reforms affecting public financial management of the country, and banking supervision During the remainder of the current 2015 until next 2016, “noting that” the most important that the approval of the draft Administrative Law of Finance, which was sent to the State Council reforms, about in line with the comments of the World Bank and the International Monetary Fund.
“The President of the Fund mission International Monetary Iraq, that of “other reforms to complete a survey of local arrears accumulated on the Iraqi government, and compile a list of all Government-controlled bank accounts with the Central Bank of Iraq, and government and private banks,” pointing out that “the reforms also include the appointment of auditors accounts of international scrutiny of financial statements Private Bmsrvi Rafidain and Rasheed.
“and whether the International Monetary Fund, was happy with the monetary policy in Iraq, despite the many upon the criticism, said Jusz, that” the Fund shall provide technical assistance to the Iraqi authorities for the implementation of policies related to foreign currency and the removal of restrictions on him.
“And on the Fund’s position reduction of the Iraqi currency value, The head of mission for Iraq, that “the IMF does not support it, because the exchange rate provides a nominal pillar President in an unstable environment to a large extent,having weakened policy capability because of the conflict with Daash.”
In the axis respect to the effects of what detection head the Parliamentary Finance Committee, the late Ahmad Chalabi, and published (range), Jusz said, “The Fund talks with the Iraqi side, did not address those files,” adding, “but within the program that pursued by the fund, the Iraqi government will impose fines and penalties management of banks, non-bank financial institutions that provisions and laws do not apply.
“The Central Bank of Iraq, announced on Thursday (the 12th of November the current 2015), for the imposition of fines close to 400 billion dinars to 40 banks, noting that impose a variety of sanctions on 426 financial institution is a bank, for manipulation auction currency or provide documents is fundamentalism, and the imposition of trusteeship on the four banks, one to the extent of the filter, while has the rehabilitation of two other banks, as well as the imposition of multiple fines close to five billion dinars related to other banking irregularities .
and the International Monetary Fund, a specialized agency of the Bretton Woods system of the United Nations, was established under an international treaty in 1945, to work on enhancing the safety of the global economy, and is located Fund headquarters in Washington, DC, and managed by its members who include all the countries of the world about their number of 188 countries.
Thunderhawk: IMF recommendations included in SDR Chinese renminbi bond market is expected to expand
2015-11-16 02:00:18 Easy iBusiness http://www.ieforex.com
As of press time premium of RMB 967.080 yen exchange rate sterling exchange rate € 5.164 621.180 $ 758.620 Rates
IMF Executive Board is scheduled for November 30 to assess whether the inclusion of the RMB SDR currency basket. If approved, the yuan will be in 2016 since September become after pound, euro, yen and dollar SDR component currency fifth.
RMB as a reserve currency, China will have a larger bond market capacity and better risk-return characteristics, the proportion of international investors to enhance the RMB bond market, bond market capacity will increase.
International Monetary Fund (IMF) once again expressed China’s accession to the SDR (SDR) are optimistic, many organizations believe that the current round to join the probability is high, yuan-denominated bond market will reach expansion. IMF Director-General expressed support
IMF Director General Christine Lagarde said on Friday agreed to RMB IMF proposed to achieve “freely usable currencies” to standards, recommendations included in the SDR conclusions. IMF job report also showed that Chinese authorities have solved all the problems IMF staff analysis report submitted in August this year, it noted in operational aspects.
The central bank website news release quoted the official said Saturday, the yuan was added to help enhance the representativeness and attractiveness SDR SDR, improve the existing international monetary system, the Chinese and the world is a win-win result, China hopes that the parties to support the yuan to join SDR.
It is understood, SDR worth only $ 280 billion, four additional currency is the pound sterling, the euro, the yen and the dollar, in 2010, the proportion of four currencies was $ 41.9%, 37.4% euro, sterling and the yen 9.4% 11.3% . IMF Executive Board is scheduled on November 30 to assess whether the inclusion of the RMB SDR currency basket. If approved, the yuan will become the fifth SDR component currency since September 2016.
Agencies believe that a higher probability
China Merchants Securities (600,999, stock it) researcher Song Lin believes that both China and the IMF will work to incorporate the assessment in the renminbi round SDR. For China, the yuan join IMF SDR means that the national currency is recognized as the world’s reserve currency, the renminbi internationalization process is a very important step. RMB assets consequent improvements in terms of credit rating overseas Chinese enterprises will help reduce financing costs. Song Lin believes the yuan at the end of a greater probability of being included in the SDR.
Many well-known overseas investment bank also said higher probability added. Gao Hua Securities Research report shows that the yuan included in SDR optimistic view, in recent weeks a clearer view of the market tends to predict the yuan will be included, to approve the signal Europe (especially Britain) senior leaders issued particularly strong. However, Gao Hua Securities also believes that although the yuan is allowed to directly incorporate SDR is the most likely outcome, but it may also be some additional pre-conditional requirements were included.
Moore was too large economic group also released a report that, in view of efforts by the Chinese government in recent months, such as addressing the further opening IMF8月份报告中提到的操作层面的问题, financial reform and capital projects, IMF board of directors is likely to 11 month RMB join with favor.
Chinese bond market is expected to expand capacity
With the addition of SDR is expected to strengthen the yuan-denominated bond products began to receive international attention from investors. Haitong Securities (600837, stock it) analyst Jiang Chao said the medium and long term, adding SDR will increase demand foreign exchange reserve management agency and sovereign wealth funds on the yuan. If the yuan to become a reserve currency, China will have a larger bond market capacity and better risk-return characteristics, the proportion of international investors to enhance the RMB bond market, bond market capacity will increase.
AXA Investment said that after joining SDR, a large number of capital will flow into China, to China’s foreign exchange market, money market and bond market impact. AXA estimates, the next five years, the national, official and private investors to invest in China’s capital could reach $ 600 billion, and much of the money will be invested RMB fixed income products, especially Chinese government and policy bank bonds issued by highly rated .
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Martha: Yuan Set to Join IMF Basket in Step Toward Currency Big Leagues – Bloomberg Business
Read this very carefully but it is a formality to vote on the inclusion on Nov 30th meeting. The IMF is saying it is a DONE DEAL .The date of this article says it all!
Think of it this way. China is in control of world finances, no if ands or butts.
The IMF, which has been controlled by US is being satellited into 5 regions and Christine Lagarde is going to Shanghai then I would say it’s a no Brainer at this point.
We know that the basket is in motion with the Rembindi in play. Also second basket is without USD and then the yuan may be a reserve currency.
I believe that the 2nd basket will be only a month apart but only a guess.