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DINARESGURUS.BLOGSPOT.COM_________________ _______

Tuesday, October 4, 2016

BACKDOC UPDATE, 4 OCT

BACK DOC:      ARTICLE 50 WILL BE INVOKED IN LATE MARCH WHICH IS RIGHT AROUND THE SAME TIME IRAN SAYS THEIR CURRENCY WILL REACH MATURITY. 

SOME TIME BACK AS YOU MAY RECALL I MENTIONED THAT THE POUND MAY POTENTIALLY GO TO PARITY.  THIS MORNING ON BLOOMBERG THAT DISCUSSION IS FINALLY BEING STATED! MMMMM

KEEP IN MIND THAT TRADE AND SHIPPING WILL BE THE GAME IN THE NEW REALITY!    IT MAKES IT EASIER FOR FREE TRADE TO HAVE CURRENCY PARITY WOULDN'T IT?  MMM

OV ER THE WEEKEND WE SAW THAT HAPPEN WITH CHINA AND SAUDI ARABIA!  THIS ESSENTIALLY WILL EFFECTIVELY WORK THE SAME AS A DEPEG SINCE THEY CAN SELL THEIR OIL IN CHINESE YUAN BYPASSING THE DOLLAR!   


AS THIS BEGINS TO PLAY OUT IT WILL HELP TO STABILIZE THE YUAN WHILE SHRINKING DOLLAR DEMAND.  THIS WILL HAVE A SERIOUS AFFECT ON THE DOLLAR!

DOC   IMO

samson said (Post #134)   Tue Oct 4, 2016 11:23AM
The British pound sterling is hitting new lows against dollar and euro amid Brexit concerns. (File photo)
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The British pound has plunged to new lows against the euro and the US dollar due to growing concerns about Britain’s departure from the European Union (EU).

Sterling slumped to $1.2740 on Tuesday, its lowest in the past 31 years. This is almost 15 percent weaker than before the EU referendum on June 23, when nearly 52 percent of British voters decided to end the country’s membership in the EU.

The currency also traded at 87.66 pence to the euro, striking a fresh three-year low point against the European currency.

British Prime Minister Theresa May said Saturday that the formal process of leaving the EU will begin by March 2017 and from there it would take two years to complete the process.

Britain and the EU are at odds over a string of issues, particularly the UK’s inclination to remain a member of the European single market after leaving the bloc.

Experts have warned that leaving the EU will severely hurt London’s position as a financial hub, unless the UK decides to keep its access by loosening its stance on immigration.

This is the only way that the UK can keep its access, which is contingent on countries agreeing to let European Union citizens live and work anywhere in Europe.

However, it is not likely that the so-called Leave campaigners would agree to trade tighter immigration control with access to the single market.

Speaking to delegates, May claimed that people who floated the idea of a “trade-off” between controlling immigration and trading with Europe were looking at things the “wrong way.”

 “This is about delivering for the British people, and this is not just about leaving the EU, it’s about that essential question of the trust people have in their politicians. The people have spoken, we will deliver on that,” May told BBC on Sunday.

http://www.presstv.ir/Detail/2016/10/04/487602/UK-pound-euro-dollar-Brexit-MayBritish pound lowest against dollar, euro in years
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Walkingstick said (Post #135)
Central: The dollar fell a natural reserve and we have enough to import a long time

Counting the Iraqi Central Bank on Tuesday reduced its reserves from the dollar, "a natural phenomenon" due to lower selling prices, and stressed that this decrease was "vain" and achieved "very important" economic purposes, social, and as pointed out that the current reserves "are sufficient to cover currency exporting and imports for a long time, "pointed out that to avoid falling is by avoiding the deficit in the public budget.

The governor of the central bank on the Keywords in an interview (range Press), "The decline in central bank reserves is a natural because of the fall in oil prices worldwide phenomenon, what impact directly on Iraq's financial revenues," returned to "the bank's policies were wise and were based on a balance required between maintaining the desired stability in the exchange rate of the hand, and meet the needs of imports by the private sector on the other. "

He Keywords that "the decline of these reserves did not go in vain and it has achieved a very important economic purposes, social, and not, as some believe that he went without a little help," adding that "the reserves are still good enough to cover the exporting currency and imports for a period of six months exceeds a limit the minimum required, according to the global financial indicators. "

Keywords and continued, that "to avoid low reserve is by avoiding the public budget deficit and large amounts."

The governor of the central bank on the Keywords confirmed, in the (11 September 2016), the International Monetary Fund's "surprised" that Iraq's reserves of foreign currency exceeded expectations by about ten billion dollars.

It is noteworthy that the Iraqi Central Bank's refusal, during (the month of January 2016), the government has directed withdrawal of the financial reserves, and stressed that the law does not allow the government to bite into hard currency reserves, as called for government to issue bonds and sell them to banks.

LINK
BACK DOC:   THIS ARTICLE OF "ACTION" IS VERY TELLING INDEED!

ALL OF THE SUDDEN THEY HAVE THE NEED TO DE-DOLLARIZE, HEE HEE.  AHH BUT THOSE DOLLARS SEEMED TO SERVE THEIR PURPOSE DIDN'T THEY?  LOL

WITH SOME TYPE OF ACTION TAKEN THERE SEEMS TO BE NO REASON TO HANG ON TO EXCESS DOLLARS THAT ARE GOING DOWN IN VALUE RIGHT?  HEE HEE

IT SEEMS THEY HAVE ENOUGH FOR A LONG TIME NOW!   GOTTA LOVE THIS ARTICLE!

ACTIONS MEAN THINGS!
DOC  IMO


WSOMN UPDATE, 4 OCT

ADMINBILL : JUST INFORMED BY INTERNATIONAL SOURCE THAT THE FINAL PEG REQUIRED TO FUND RV HAS BEEN ACCOMPLISHED.

NO LOOKING BACK
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THIS WEEK LOOKING EVEN BETTER THAN AN HOUR AGO.

WEDNESDAY - THURSDAY


tarman: WE ARE NOW AT THE POINT WHERE IT REALLY IS ARE TURN. THE TIME HAS COME. TIME, RATE?? THEY ARE GOOD.

CONTACTS SAY LIKE RAY DID TODAY. SOME STARTING NOW AND DINARLAND UP TO THURSDAY. BUT ALL WILL KNOW WHEN IT IS LIVE AT THE SAME TIME...

COULD BE TONIGHT, IN AM, NO LATER THAN THURSDAY AT THE MOST. WE ARE BEING TOLD ANY SECOND NOW.

SparkyLady:  STARMAN...Please tell the room how easy and simple the exchange has evolved into

Starman: SPARKY, YOU ARE RIGHT. ALL YOU DO IS GO IN AS TO DO A CURRENCY EXCHANGE, ASK FOR THE RATE YOU WANT, SING THE NDA. GET YOUR RECIEPT AND LEAVE.

AFTER THAT GO TO A WF WM AND DO ALL YOU NEED TO DO FOR YOUR MONEY. AND YOU CAN DO SOME NEGOTIATIONS.

RAITES ARE AS FOLLOWS, STREET, INTERNATIONAL, MAYBE A BANK CONTRACT, AND THE BEST ONE IS THE CHINA CONTRACT.

REMEMBER IT IS SO EASY YOU WILL BE SUPRISED. IT IS LIKE GOING TO MAKE A DEPOSIT. THAT SIMPLE.

ZIM IN FIRST BASKET.

Dedar:  Is there a China Contract rate concerning the Zim?

Starman:  DEDAR, WE THINK SO.

RicOShea:  STARMAN ANY CONCERN OR COMMENTS REGARDING SECURITY?

Starman: RICOSHEA, IT IS VERY TIGHT. POST RV GET YOUR OWN TEAM.

Starman:  I AM ASKING FOR THE HIGHEST RATES ON ALL MY MONEY. THEY HAVE TO SHOW YOU THE SCREEN. LOL YAAA

Starman: ALL CURRENCIES WILL DROP ZEROS.

Garmst:  Starman is the any truth to the structured payout program with banks?

Starman:  GARMST, NOT FROM MY CONTACTS AT WF.

SkeekRose:  STARMAN, Is there truly any advantage to being in the Wells Fargo Private Exchange Group?

Starman:  SLEEK, NOT REALLY.

Diogenes:  Starman Are there any political, geopolitical or military events that are delaying or may delay our turn?

Starman:  NO DELAYS AT ALL IT IS OUT THERE. ARE TURN IS NEXT.

Woody:  Starman - Are you saying the zeros will come off the dinar and dong as well as the zim?

Starman:  WOODY YES.

Sunni Daze:  STARMAN.. WILL YOU EXPLAIN THE DROPPING OF THE ZEROS ON CURRENCIES

Starman:  SUNNI, SOME NOTES WILL DROP MORE ZEROS THAN OTHERS. BUT ALL WILL BE SO GOLDEN.. YOU WILL SEE.

Lostnq8:  The kuwaiti dinar did not remove any zeros when they rvd. People got really wealthy

Cancun:  I believe the lopping of the zeros on the dinar are in country only

5thTexasSam:  sorry starman... it does not make sense to me, and "others" have exchnged with no zeros being dropped... with all due respect. i do not accept that reality...

Starman:  STHTXSAM, YOU 7 I REALLY DO NOT KNOW WHAT THEY REALLY DID BEHIND CLOSED DOORS. I WILL TELL YOU THIS, ANY ONE THAT HAS SKRD, OR EXCHANGED. GOT A LOT LESS THEN YOU WILL GET.

LadyZ: Starman please, will we have immediate access to our money after exchange?

Starman:  THE MOMENT YOUR DONE YOUR LIQUID,

Whimsey: Do you have to have your spouse with you to exchange? He knows nothing about this
 
Starman:  WHIMSY ONLY IF YOU SIGN AN NDA. THEN YES,

Garmst:  Starman- is there any truth to the USN currency and will our exchanges be asset backed?

Starman:  ALL IS ASSET BACKED.

Starman: I WILL TELL YOU THIS, NO MATTER WHAT HAPPENS LOP ZEROS OR NOT. THE MONEY IS SO SWEET NOTHING WILL MATTER...

Stargazer:  any idea is those rates will be similar in Canada

Starman:  STARGAZER, A LITTLE LESS ONLY BY PENNEYS. NO WORRIES.

Tinman54:  STARMAN....any chance this can be stopped or delayed? TY

Starman:  TINMAN, NOT THAT I KNOW OF. NO DELAYS.

SunniDaze:  STARMAN COULD THE LOP BE ONE ZERO

Starman: SUNNI  YES

SunniDaze:  DID YOU ALL CATCH THAT THE LOP COULD BE ONE ZERO DON'T GO SCREAMING WITH YOUR HAIR ON FIRE TILL WE KNOW FOR SURE LOL

SanknSea:  We all need to chill, we are prepared, and wait till we are there IMO

Fishkissed:  Starman any ZIM or Dong news?

Starman:  FISH, ALL GOOD NEWS ON BOTH OF THEM AND THEIR RATES.

Starman:  I WILL BE BACK IF THE RV DOSE NOT HAPPEN BY MORNING. AND THEN I WILL TELL A LOT MORE. GOD SPEED TO YOU ALL.