Iranian Rial

[screwball]

http://www.dailymail.co.uk/wires/reuters/article-2911751/Cuba-plans-higher-denomination-bills-currency-unification-nears.html

[screwball]

Simply posting because of similarities and irans president signed banking MoU a couple of weeks ago!

[screwball]

http://www.scmp.com/week-asia/article/2024064/chinas-real-reason-getting-yuan-imfs-otherwise-pointless-currency-basket

[pokerplayer]

On 2016-09-29 at 3:33 AM, screwball said:

 

“However, until CBI is not sure that everything is ready, it will naturally not go forward with the plan,” he said in response to concerns that while some sanctions still persist, rate unification will be meaningless and may serve only to increase forex rates.

Assuring that CBI is in complete control of the situation, Seif reiterated his past pledge that CBI plans to unify the rates by March 2017.

It says "by March 2017" That could mean anytime between now and then the way I read it. Come on Iran !! Like NIKE says...........just do it !!!!!!

pp

 

[screwball]

Zhou’s genius was to persuade his nationalistically-inclined but otherwise conservative compatriots in the Communist Party that membership of the SDR basket would confer enormous international prestige on China. Inclusion would endorse the yuan as a top-rank international currency on a par with the US dollar, confirming China’s status on the world stage as an economic and financial superpower.

[screwball]

Zhou’s party colleagues lapped it up, so much so that they were prepared to sign off on the IMF’s conditions for SDR membership. These include the requirement that SDR member currencies must be “freely usable”.

[pokerplayer]

1 minute ago, screwball said:

Zhou’s party colleagues lapped it up, so much so that they were prepared to sign off on the IMF’s conditions for SDR membership. These include the requirement that SDR member currencies must be “freely usable”.

I really like this one !! Good score.

pp

[screwball]

http://www.theaustralian.com.au/business/opinion/imf-to-make-yuan-fifth-currency-in-special-drawing-rights-basket/news-story/f7e30f167497813c7bf06d5e72955733

[screwball]

Dollar Collapse Starts Sept 30? Gold Bull Will Rage | David Morgan

Published on Sep 18, 2016
With major analysts predicting a convulsive impact to the US Dollar this fall, driven by a global rush into the new SDR basket of currencies once it becomes turbo-charged with the Chinese Yuan and gold, how will Gold and Silver react, and what can you do NOW even beyond holding gold & silver to position yourself ahead of the next surprise leg of the bull market?

IN THIS INTERVIEW:
================
Approaching Sep 30, 2016 Chinese Yuan addition to the SDR basket of currencies

Jim Rickards has predicted a major upset to the global fiat currencies, including the US Dollar at the end of trading (4pm EDT Sept 30, 2016)

Most nation states know that there needs to be a reset – SDR will be funded by all the nation states, will the SDR be enacted as the new global currency? At least for state-to-state finances?

SDR may well be perceived as more desirable since “more stable”: a hedge against individual currency fluctuations. Will dollars be swapped out for SDRs by major holders all over the world?

SDR will only take hold if the populace is unaware of what it really means: just another paper fiat scheme.
Will SDR manage to extend the over-aged fiat system for a few more months or years?

Currency reset will cause a huge disruption in JIT (Just-in-Time) supply chains, but we may truly need to go through a reset to heal the unbacked unsound paper system.

Derivatives & swaps leverage are poised to collapse at a tipping point.
*** True reset without pain is impossible.

SDR impact on the gold market? Gold should be included in the SDR, and IMF should reprice gold much higher (Rickards calls for $10,000/oz) to provide liquidity and appearance of stability.
SDR could take gold either way, even based on rhetoric – if gold is declared to be in or out.

What happens when the psychological tipping point is breached, and the masses of the population follow the 1% of leaders (gold & silver stackers) away from empty fiat currency to real money (gold & silver)? Rush to physical precious metals driven primarily by fear, not greed. Suddenly population panic that their pension plan, saving account, real estate portfolio value will implode.

[screwball]

Let's see if his prediction comes true, end of trading on the 30th 4pm EDT

[blueskyline]

Deutsche Bank shares plummet on fears about its health

By Charles Riley and Mark Thompson September 30, 2016 06:42AM EDT

Deutsche Bank's investors are hitting the panic button... again.

The stock dropped about 5% on Friday after reports that 10 hedge fund clients are reducing their dealings with Germany's biggest bank. Earlier in the day losses reached more than 8%, taking the stock to a new low. 

The action by the hedge funds, which was first reported by Bloomberg, is fueling anxiety about the bank's financial health. Investors also have worries about whether the bank will be able to afford a looming U.S. fine for trading in toxic mortgages a decade ago.

Deutsche Bank (DB) said in a statement that its financial position was stable. 

"Our trading clients are amongst the world's most sophisticated investors. We are confident that the vast majority of them have a full understanding of our stable financial position," a spokesman said.

Fabrizio Camelli, head of Deutsche Bank's wealth management business, directly addressed the Bloomberg report, telling a German newspaper that the bank had not seen "any noticeable outflow of client funds."

"Of course some of our customers are asking what's going on at Deutsche Bank at the moment," he told the Sueddeutsche Zeitung. "We're telling them that we're doing better than it may appear from the outside."

Investors paid the bank's defense little heed, sending its stock below 10 euros in early trading in Frankfurt. The bank's shares have declined by 55% this year to their lowest level in more than two decades.

Related: The world's riskiest bank is in trouble

It's the latest in a series of body blows for Deutsche Bank (DB), which has $2 trillion of assets on its books. 

It has spent billions settling charges that it conspired to manipulate global interest rates and colluded with other banks to rig foreign exchange rates; its margins have disappeared due to record low interest rates and the cost of new regulations; and it has been slammed with a $14 billion demand from the U.S. Justice Department over its role in the global financial crisis.

Deutsche Bank said this month it "has no intent to settle these potential civil claims anywhere near the number cited." 

Related: Does Deutsche Bank need a bailout?

Investors are now openly asking whether the bank will need a bailout.

German media reported earlier this week that Chancellor Angela Merkel's government was considering ways of rescuing Deutsche Bank. 

The government denied those reports, and Deutsche Bank said it had never asked Merkel for help.

The bank added that it is not currently considering asking investors for more cash, saying it was determined to deal with the challenges it faces on its own. 

September 30

 

LONDON

[blueskyline]

Deutsche Bank fears rattle stock markets; UK growth revised up – business live

Deutsche Bank shares hit new 30-year lows, but recover some ground after CEO John Cryan tells staff that the bank has ‘strong fundamentals’.

Latest: DB CEO tells staff not to panic

UK economy shakes off Brexit fears

Deutsche Bank shares fall below €10, then rebound (a bit)

Introduction: Why Deutsche Bank is under more pressure

FTSE 100 falls sharply, led by banks

[millionaire in training]

6 hours ago, screwball said:

U.S. Signed Secret Document to Lift U.N. Sanctions on Iranian Banks

I knew they were making deals in privet.   Not so secret anymore.  We will be able to cash out here in the USA you'll see. Obamas got a closer relationship with the Iranians than he wants us to know.  Time will reveal this information .

[millionaire in training]

4 hours ago, screwball said:

 

Cuba prepares for exchange-rate reform

 

 

 

This surprises me    because Im cuban and I didn't know this was taking place. My family on the island doesn't know this either. This is odd. The fact that Cuba is rubbing elbows with Iran is also very odd. Something is brewing and I can't see what it is yet.   

[millionaire in training]

4 hours ago, screwball said:

Interesting! Unification?ncurrency reform? Two rates? Sanctions? See any similarities? Does Cuba have oil?

Interesting indeed . And NO Cuba does not have any oil. They have sugar , beautiful beaches , #1 rum Havana Club (made with sugar cane) better than Bacardi. 

[millionaire in training]

Scewball.......Thanks for all the amazing articles. This thing is rocking.   

[blueskyline]

All we need now is Korea to announce something impossibly amazing. The other Korea .....

[blueskyline]

1 hour ago, millionaire in training said:

Interesting indeed . And NO Cuba does not have any oil. They have sugar , beautiful beaches , #1 rum Havana Club (made with sugar cane) better than Bacardi. 

Cuba also has one of the largest seaports in the Carribean. They are supposed to be a major shipping port in time to come

[WheresmyRV?]

5 hours ago, millionaire in training said:

I knew they were making deals in privet.   Not so secret anymore.  We will be able to cash out here in the USA you'll see. Obamas got a closer relationship with the Iranians than he wants us to know.  Time will reveal this information .

Awesome find MIT!!

[screwball]

8 hours ago, millionaire in training said:

Interesting indeed . And NO Cuba does not have any oil. They have sugar , beautiful beaches , #1 rum Havana Club (made with sugar cane) better than Bacardi. 

Havana club great rum one of my favourites!

[screwball]

http://en.mehrnews.com/news/120138/Bright-future-ahead-of-Tehran-Berlin-economic-ties

[screwball]

http://en.mehrnews.com/news/119778/Germany-Japan-release-Iran-s-petchem-assets

[screwball]

http://en.mehrnews.com/news/119901/Albania-Sweden-to-buy-Iranian-petrochemicals

[screwball]

By the end of the previous Iranian year, China enjoyed a 50-percent share of Iran’s petrochemical and polymer exports while removal of sanctions attracted European countries to the Iranian market.

[screwball]

http://www.payvand.com/news/16/sep/1155.html