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Wednesday, December 28, 2016

WSOMN UPDATE, 28 DEC

DPChamp:  DOW closed at 19,833.68; -111.36; NASDAQ -48.89 S&P -18.96

Blessed2baBlessing:   FYI...I just called the Citibank foreign currency hotline. When I told them I would like to have information about selling my dinar they responded "Yes, mam! We do now buy and sell the Iraqi dinar"

TurtleIsland1:  Zimbabwe's government to introduce bond notes equivalent to the US dollar in attempt to tackle a cash shortage in the country. But many Zimbabweans are opposed to the government's plans. DW's Christine Mhundwa went out to find out why. http://www.dw.com/en/zimbabwe-cash-crisis/av-36396313

TurtleIsland1:  The Treasury Department's Exchange Stabilization Fund (ESF) buys and sells foreign currency to promote exchange rate stability and counter disorderly conditions in the foreign exchange market. https://www.newyorkfed.org/aboutthefed/fedpoint/fed14.html

TurtleIsland1:   How do central banks acquire currency reserves and how much are they r​equired to hold? http://www.investopedia.com/ask/answers/06/reserverequirements.asp

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