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Christine LaGarde may have something up her sleeve she's not revealing until after

the G20 Summit next week.

 

Don't freak out yet, NUTTYBENNY:lol:  Hang in there, man !  :D

 

Besides, Iraq can do their own thing any 'ol time they want -- basket or no baskets. :tiphat:  

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Not sure if you are kidding or need more information. The “basket” of currencies would be the SDR’s…..(special drawing rights) that were originally created in 1969 by the IMF.

The word is that the Yuan will be joining the current 4 currencies in that basket soon, those currencies being, the U.S. dollar, euro, pound and yen.

 

There was never a possibility of the IQD being a part of that.

 

There has been some talk about Gold making its way into that mix, but only time will answer that question. Gold was included when the SDR was first created.

Lots of great information on the IMF site:

“Basket of currencies determines the value of the SDR
The value of the SDR was initially defined as equivalent to 0.888671 grams of fine gold—which, at the time, was also equivalent to one U.S. dollar. After the collapse of the Bretton Woods system in 1973, the SDR was redefined as a basket of currencies. Today the SDR basket consists of the euro, Japanese yen, pound sterling, and U.S. dollar. The value of the SDR in terms of the U.S. dollar is determined daily and posted on the IMF’s website. It is calculated as the sum of specific amounts of the four basket currencies valued in U.S. dollars, on the basis of exchange rates quoted at noon each day in the London market.

The basket composition is reviewed every five years by the Executive Board, or earlier if the IMF finds changed circumstances warrant an earlier review, to ensure that it reflects the relative importance of currencies in the world’s trading and financial systems.”

http://www.imf.org/external/np/exr/facts/sdr.htm

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I believe Iraq will  to the SDR basket because US dollar will be one of those currencies inside the basket of SDR along with the Chinese Yuan. The SDR basket is for powerful established currencies to peg to for other countries.

Edited by easyrider
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LOL :violin:.... Keep hope alive. Trump says Iraq is a Dump. A few years ago Gurus were talking out their azzzes about how Trump was invested in the Dinar as if Trump broadcasts in investments. :bs:

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Finding you here this morning is better than our Sunday morning bloody marys ! :D

You're a real treat, too !  ;)

 

Listen, Trump is only squawkin' 'cause he can't build a golf course in the middle of Baghdad !

As soon as the IQD comes of age and is ripe enough, he'll be out there layin' the fairway grass himself ! :P

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Finding you here this morning is better than our Sunday morning bloody marys ! :D

You're a real treat, too !  ;)

 

Listen, Trump is only squawkin' 'cause he can't build a golf course in the middle of Baghdad !

As soon as the IQD comes of age and is ripe enough, he'll be out there layin' the fairway grass himself ! :P

Too many sand traps.
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***///

Christine LaGarde may have something up her sleeve she's not revealing until after

the G20 Summit next week.

Don't freak out yet, NUTTYBENNY ! :lol: Hang in there, man ! :D

Besides, Iraq can do their own thing any 'ol time they want -- basket or no baskets. :tiphat:

If they can do their own thing at any time they should stop procrastinating and do it.. I want to retire and ✈️ away ..:)):)):))

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If they can do their own thing at any time they should stop procrastinating and do it.. I want to retire and ✈️ away .. :)) :)) :))

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They know you do, Dearie... it's obviously very personal betwixt you and them. :shrug:

What ever did you do to them...?  :confused2:

Whatever it was, they sure are dissing you.... and holding up the rest of US !  :(

 

We think you should get over there ASAP, swing by and pick up your Girlfriend Chrissy LaGarde on the way,

sit down, have a cup of Cardamom tea with them and see if you can't work this out.

 

If it happens - great !

 

If it doesn't  -- well, at least we'll all know you tried... so thank you for that you little darling, you ! :wub:

 

:wave:  :P  :wave:  :lol:

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***///

They know you do, Dearie... it's obviously very personal betwixt you and them. :shrug:

What ever did you do to them...? :confused2:

Whatever it was, they sure are dissing you.... and holding up the rest of US ! :(

We think you should get over there ASAP, swing by and pick up your Girlfriend Chrissy LaGarde on the way,

sit down, have a cup of Cardamom tea with them and see if you can't work this out.

If it happens - great !

If it doesn't -- well, at least we'll all know you tried... so thank you for that you little darling, you ! :wub:

:wave::P:wave::lol:

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