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Trump 'All currencies will be on level playing field'


SolidSnake
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Perhaps he means a cheaper dollar gets it to a level playing field.

 

 

Trump Comments Signal Shift in Approach to U.S. Dollar

‘Our dollar is too strong,’ president-elect told The Wall Street Journal

 
Since the mid-1990s, administrations from both sides of the aisle have maintained a policy of backing a strong U.S. currency.
By
Ian Talley
Ian Talley
The Wall Street Journal
Jan. 17, 2017 5:01 p.m. ET
 

WASHINGTON—By talking down the value of the U.S. dollar, President-elect Donald Trump is potentially veering away from more than two decades of strong-dollar precedent.

Since the mid-1990s, administrations from both sides of the aisle have maintained a policy of backing a strong U.S. currency as a way to keep interest rates low, inflation under control and U.S. buying power strong.

Presidents have tended to refrain from commenting on the currency altogether, deferring to the Treasury secretary on these matters. When Treasury leaders have talked about it, they have tended to speak in neutral and carefully calibrated terms, for fear of upsetting financial markets.

“Our dollar is too strong,” Mr. Trump told The Wall Street Journal late last week, when asked about the U.S. trade relationship with China. “And our companies can’t compete with [China] now because our currency is too strong. And it’s killing us.”

In another part of the interview, Mr. Trump said the U.S. might need to “get the dollar down” if a change in tax policy drives it higher. “Having a strong dollar has certain advantages, but it has a lot of disadvantages,” he added.

The U.S. dollar rose nearly 4% against a basket of currencies in the weeks after Mr. Trump’s election and is up roughly 25% since 2014. It has lost some of its strength in recent days on the back of Mr. Trump’s comments and growing questions about the ability of the White House and the Republican-led Congress to negotiate a deal to cut taxes.

The old mantra of a steady hand and a strong currency was championed by President Bill Clinton’s Treasury Secretary Robert Rubin. “Our policy has been constant. A strong dollar is in our interest,” he said in 1998. His successors largely stuck to that line.

Besides sending a message of confidence about the U.S. economy, the government’s strong-dollar rhetoric was also a way of not commenting on the currency, said Barry Eichengreen, a University of California, Berkeley, economist.

“To invoke the mantra of a strong dollar has been a way of avoiding saying disruptive things about the currency,” said Mr. Eichengreen. “Since the 1990s, if not before, all presidents and Treasury secretaries have understood that to talk about the value of the single most important price in the global economy in terms that could be misunderstood can wreak havoc with the markets.”

That is why gaffes have proved costly.

In 2001, Treasury Secretary Paul O’Neill told a German newspaper Washington wasn’t pursuing a strong dollar, but rather, the currency’s strength was the result of a strong economy. That sent the greenback falling.

In the following days, Mr. O’Neill angrily refuted that President George W. Bush’s administration was veering away from its policy of supporting a strong dollar. “I believe in a strong dollar,” Mr. O’Neill said. “If I decide to shift that stance, I will hire out Yankee Stadium and some rousing brass bands and announce that change in policy to the whole world.”

Commenting on the exact level of the currency, said Mr. Eichengreen, “is like commenting on the circumstances under which you would use nuclear weapons.”

That’s why even in the wake of the financial crisis, when the U.S. was struggling to recover from one of the worst credit crunches in a century, President Barack Obama’s Treasury Secretary Timothy Geithner talked up the value of the dollar as a measure of investor confidence in the U.S. economy.

Markets watch Washington’s words about the currency carefully because the U.S. has pursued sudden shifts in the past.

When President Richard Nixon broke from an agreement to peg the dollar’s value to gold in 1971, his Treasury Secretary John Connally told European counterparts: “The dollar is our currency, but your problem.”

U.S. leaders—together with Germany, Japan, the U.K. and France—initiated another devaluation of the currency in 1985 under an agreement known as the Plaza Accord. The dollar’s strength in the early 1980s had incited growing protectionism in the U.S. Congress, and without action on the currency other nations feared lawmakers would roll out tariffs that would damage trade and weigh on global growth.

Dan Dimicco, a key trade adviser to Mr. Trump, pointed to the Plaza Accord as a good strategy in his 2015 book, “American Made, Why Making Things Will Return Us to Greatness.” “It was the right thing to do,” he wrote. “After the Plaza Accord, trade rose and currency manipulation subsided.”

Some observers see a shift looming. Fred Bergsten, a senior fellow at the Peterson Institute for International Economics, said China, Japan and Europe might be motivated to negotiate a currency deal to avert growing protectionism in the U.S.

Still, Mr. Trump’s options for pushing the dollar down are limited. The major drivers of the exchange rate are differences in economic growth and investment prospects, which are largely out of his control. Central-bank policy is also a driver, and the Federal Reserve has been raising interest rates of late, which tends to push the value of a currency up.

At the World Economic Forum in Davos, Switzerland, Tuesday, Trump confidant Anthony Scaramucci said the U.S. needs to be “careful about a rising dollar.” But Mr. Scaramucci countered worries the next administration might use the Fed’s rate-setting policy as a way to soften the dollar, saying a Trump White House would preserve the independence of the Fed.

The president does have the power to buy and sell foreign currency—called foreign-exchange intervention—to change the dollar’s value, and can even call on the Fed to use its own resources in that effort. Such intervention is particularly powerful when used in concert with other nations. That is why presidential rhetoric can temporarily influence the dollar’s value.

Tim Duy, a professor of practice at the University of Oregon and a former economist at the Treasury Department, said Mr. Trump’s dollar rhetoric could be destabilizing for markets, particularly since currency jawboning is typically the Treasury’s mandate.

“We have institutional arrangements by which our government operates, and those are not decreed by tweet,” Mr. Duy said. “If those arrangements change, there could be some concern about what the new policy is.”

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17 hours ago, jeepguy said:

ahhhhhh if only  this meant  " all currencies on a level field "   it could only mean  ,  1 too 1  trade off ,  not 2  or 3 too 1  ... and he mentioned under valued currency ,  just hope the trade off heads too the middle east !   well  one place for dang sure  

This is the most amazing thing to listen to. "We will all be on a level playing field". Folks he's talking about currency manipulation, not equality. The only way that all currencies can be equal is to have a one world currency. However, most third world countries devalue their currencies in their effort to make more profits in their trading with other nations. What President Trump is saying is that practice will end much sooner than anyone is expecting. 

So what does that mean for those folks who hold dinar and even the VND? Both currencies are EXTREMELY undervalued. It is said that the VND should be around something like .05 to .25 and that the dinar,{according to the CBI's own commentary}, should be returned to it's former glory. That being anywhere between $1.85 (1950s) to $3.22 (2000). So how is it that the POTUS can,"make", every other nation place the appropriate value to their currencies. That's really a very simple answer.

As the most consuming nation on earth if a POTUS really wanted to force other nations to stop manipulating their currencies all he needs to do is forbid trade with any nation that does manipulate its currency. No wars no threats not even done with a shred of  animosity, simply put if you wanna do business with the United States then your currency must reveal its true value. Sound familiar? It should because that is exactly what President Trump has been saying for a long time. And that is exactly why President Trump did away with TPP and NAFTA. And that is exactly why President Trump is saying that he will do trade deals on a one to one basis with all nations. Only then can President Trump entice other nations to stop currency manipulation. 

And in the process we will all be much wealthier for it. 

14 hours ago, pokerplayer said:

Hmmmmm chocolate ice-cream  :bravo:

pp

I'm still waiting for mint chocolate chip cookies and cream together. :P

27 minutes ago, bostonangler said:

Perhaps he means a cheaper dollar gets it to a level playing field.

 

 

Trump Comments Signal Shift in Approach to U.S. Dollar

‘Our dollar is too strong,’ president-elect told The Wall Street Journal

 

 
Since the mid-1990s, administrations from both sides of the aisle have maintained a policy of backing a strong U.S. currency.
By
Ian Talley
Ian Talley
The Wall Street Journal
Jan. 17, 2017 5:01 p.m. ET
 

WASHINGTON—By talking down the value of the U.S. dollar, President-elect Donald Trump is potentially veering away from more than two decades of strong-dollar precedent.

Since the mid-1990s, administrations from both sides of the aisle have maintained a policy of backing a strong U.S. currency as a way to keep interest rates low, inflation under control and U.S. buying power strong.

Presidents have tended to refrain from commenting on the currency altogether, deferring to the Treasury secretary on these matters. When Treasury leaders have talked about it, they have tended to speak in neutral and carefully calibrated terms, for fear of upsetting financial markets.

“Our dollar is too strong,” Mr. Trump told The Wall Street Journal late last week, when asked about the U.S. trade relationship with China. “And our companies can’t compete with [China] now because our currency is too strong. And it’s killing us.”

In another part of the interview, Mr. Trump said the U.S. might need to “get the dollar down” if a change in tax policy drives it higher. “Having a strong dollar has certain advantages, but it has a lot of disadvantages,” he added.

The U.S. dollar rose nearly 4% against a basket of currencies in the weeks after Mr. Trump’s election and is up roughly 25% since 2014. It has lost some of its strength in recent days on the back of Mr. Trump’s comments and growing questions about the ability of the White House and the Republican-led Congress to negotiate a deal to cut taxes.

The old mantra of a steady hand and a strong currency was championed by President Bill Clinton’s Treasury Secretary Robert Rubin. “Our policy has been constant. A strong dollar is in our interest,” he said in 1998. His successors largely stuck to that line.

Besides sending a message of confidence about the U.S. economy, the government’s strong-dollar rhetoric was also a way of not commenting on the currency, said Barry Eichengreen, a University of California, Berkeley, economist.

“To invoke the mantra of a strong dollar has been a way of avoiding saying disruptive things about the currency,” said Mr. Eichengreen. “Since the 1990s, if not before, all presidents and Treasury secretaries have understood that to talk about the value of the single most important price in the global economy in terms that could be misunderstood can wreak havoc with the markets.”

That is why gaffes have proved costly.

In 2001, Treasury Secretary Paul O’Neill told a German newspaper Washington wasn’t pursuing a strong dollar, but rather, the currency’s strength was the result of a strong economy. That sent the greenback falling.

In the following days, Mr. O’Neill angrily refuted that President George W. Bush’s administration was veering away from its policy of supporting a strong dollar. “I believe in a strong dollar,” Mr. O’Neill said. “If I decide to shift that stance, I will hire out Yankee Stadium and some rousing brass bands and announce that change in policy to the whole world.”

Commenting on the exact level of the currency, said Mr. Eichengreen, “is like commenting on the circumstances under which you would use nuclear weapons.”

That’s why even in the wake of the financial crisis, when the U.S. was struggling to recover from one of the worst credit crunches in a century, President Barack Obama’s Treasury Secretary Timothy Geithner talked up the value of the dollar as a measure of investor confidence in the U.S. economy.

Markets watch Washington’s words about the currency carefully because the U.S. has pursued sudden shifts in the past.

When President Richard Nixon broke from an agreement to peg the dollar’s value to gold in 1971, his Treasury Secretary John Connally told European counterparts: “The dollar is our currency, but your problem.”

U.S. leaders—together with Germany, Japan, the U.K. and France—initiated another devaluation of the currency in 1985 under an agreement known as the Plaza Accord. The dollar’s strength in the early 1980s had incited growing protectionism in the U.S. Congress, and without action on the currency other nations feared lawmakers would roll out tariffs that would damage trade and weigh on global growth.

Dan Dimicco, a key trade adviser to Mr. Trump, pointed to the Plaza Accord as a good strategy in his 2015 book, “American Made, Why Making Things Will Return Us to Greatness.” “It was the right thing to do,” he wrote. “After the Plaza Accord, trade rose and currency manipulation subsided.”

Some observers see a shift looming. Fred Bergsten, a senior fellow at the Peterson Institute for International Economics, said China, Japan and Europe might be motivated to negotiate a currency deal to avert growing protectionism in the U.S.

Still, Mr. Trump’s options for pushing the dollar down are limited. The major drivers of the exchange rate are differences in economic growth and investment prospects, which are largely out of his control. Central-bank policy is also a driver, and the Federal Reserve has been raising interest rates of late, which tends to push the value of a currency up.

At the World Economic Forum in Davos, Switzerland, Tuesday, Trump confidant Anthony Scaramucci said the U.S. needs to be “careful about a rising dollar.” But Mr. Scaramucci countered worries the next administration might use the Fed’s rate-setting policy as a way to soften the dollar, saying a Trump White House would preserve the independence of the Fed.

The president does have the power to buy and sell foreign currency—called foreign-exchange intervention—to change the dollar’s value, and can even call on the Fed to use its own resources in that effort. Such intervention is particularly powerful when used in concert with other nations. That is why presidential rhetoric can temporarily influence the dollar’s value.

Tim Duy, a professor of practice at the University of Oregon and a former economist at the Treasury Department, said Mr. Trump’s dollar rhetoric could be destabilizing for markets, particularly since currency jawboning is typically the Treasury’s mandate.

“We have institutional arrangements by which our government operates, and those are not decreed by tweet,” Mr. Duy said. “If those arrangements change, there could be some concern about what the new policy is.”

Don't be a dweeb. Yea that's how you Make America Great Again by devaluing its dollar. :facepalm1:I'm beginning to think that you really hate this country. Just do yourself a favor, don't sell your stocks or your currency investments. Sit back and watch what President Trump will do for you. 

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2 hours ago, ladyGrace'sDaddy said:

This is the most amazing thing to listen to. "We will all be on a level playing field". Folks he's talking about currency manipulation, not equality. The only way that all currencies can be equal is to have a one world currency. However, most third world countries devalue their currencies in their effort to make more profits in their trading with other nations. What President Trump is saying is that practice will end much sooner than anyone is expecting. 

So what does that mean for those folks who hold dinar and even the VND? Both currencies are EXTREMELY undervalued. It is said that the VND should be around something like .05 to .25 and that the dinar,{according to the CBI's own commentary}, should be returned to it's former glory. That being anywhere between $1.85 (1950s) to $3.22 (2000). So how is it that the POTUS can,"make", every other nation place the appropriate value to their currencies. That's really a very simple answer.

As the most consuming nation on earth if a POTUS really wanted to force other nations to stop manipulating their currencies all he needs to do is forbid trade with any nation that does manipulate its currency. No wars no threats not even done with a shred of  animosity, simply put if you wanna do business with the United States then your currency must reveal its true value. Sound familiar? It should because that is exactly what President Trump has been saying for a long time. And that is exactly why President Trump did away with TPP and NAFTA. And that is exactly why President Trump is saying that he will do trade deals on a one to one basis with all nations. Only then can President Trump entice other nations to stop currency manipulation. 

And in the process we will all be much wealthier for it. 

 

Very clear and logical explanation. 

I like this! Thanks 

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Currency manipulation for the sake / in the interest of trade...

still doesn't sound like any global currency re-set to us, either, LGD....

It'd be swell if we were wrong... but we don't see the globalist banksters allowing for that ....<_<

They still have a helluva stranglehold and are STILL trying to take everybody else's money from them with everything

from fake carbon footprints to fake wind farms, to land grabs and OPEC manipulation and their evil U.N. to back them up .

 

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22 hours ago, pokerplayer said:

That's what we are all waiting for zzztop. I for one while have my doubts about 1-1, I do seriously believe that .30-.39 is very much attainable to start.

pp

I would be stoked if they came out of the gate at that rate.  I think they might just let it float.

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On ‎2‎/‎11‎/‎2017 at 0:00 PM, ladyGrace'sDaddy said:

Don't be a dweeb. Yea that's how you Make America Great Again by devaluing its dollar. :facepalm1:I'm beginning to think that you really hate this country. Just do yourself a favor, don't sell your stocks or your currency investments. Sit back and watch what President Trump will do for you. 

You know you can hold a conversation without insulting. There is no reason to go there.

 

B/A

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1 hour ago, Golfnsr said:

Trump was merely talking about all the Countries like China, Mexico, Japan, etc. that are manipulating their currency's value to gain advantage in trading with other Countries.

Iraq is not one of them.

Unfortunately, that was my take-away, too.  Hopefully, I was mistaken and Iraq is in the mix!

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2 hours ago, ladyGrace'sDaddy said:

And yet in dollar spent we probably by more from Iraq than all those other countries combined. It's called oil.

 

Not even close

 

Top 15

China: US$12.7 billion (23.9% of total Iraq exports)

India: $11.3 billion (21.4%)

South Korea: $6.3 billion (11.8%)

United States: $4.6 billion (8.6%)

Italy: $3.7 billion (7.1%)

Greece: $3.4 billion (6.5%)

Netherlands: $1.9 billion (3.5%)

Taiwan: $1.4 billion (2.6%)

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12 hours ago, bostonangler said:

Not even close

 

Top 15

China: US$12.7 billion (23.9% of total Iraq exports)

India: $11.3 billion (21.4%)

South Korea: $6.3 billion (11.8%)

United States: $4.6 billion (8.6%)

Italy: $3.7 billion (7.1%)

Greece: $3.4 billion (6.5%)

Netherlands: $1.9 billion (3.5%)

Taiwan: $1.4 billion (2.6%)

:blink: I was talking about us importing and you seem to be talking about others exporting. Maybe you should say something besides simply posting fake numbers with no link to back you up. 

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6 hours ago, ladyGrace'sDaddy said:

:blink: I was talking about us importing and you seem to be talking about others exporting. Maybe you should say something besides simply posting fake numbers with no link to back you up. 

This is the list of countries buying Iraqi oil... We are number four on the list. You had thought we were number one. Just thought we should all know the numbers. What is interesting is how much oil Iraq imports. I found that to be a high number for a country drowning in oil.

 

B/A

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How to benefit from the economies of Gulf states Trump decisions?
   
rc_148731419617_23.jpg
 
 

(Arab) -17/02/2017

A recent study monitored the repercussions of the decisions taken by the new American president , Donald Trump, which may be negative in some cases, and positive in many cases. 

The study prepared by banking expert, Ahmed Adam, that the implementation of Trump for his strategy would have a negative impact on the global tourist traffic which will affect and directly on tourist revenue to Dubai, Jordan and Egypt. 

Where it is expected that the active mass exodus from the areas of operations will flare up the conflict to less inflamed areas and we expect most of East and Southeast Asia to the Arabian Gulf region. 

The study monitored the steps to be taken by Gulf states to overcome the effects of the decisions of Trump, which begins the need to take action to reduce future of East Asia employment as a result of extreme tension in this region and we expect soon was followed by operations of illegal immigration and extensively , which requires quick action the most important accreditation and more on Arab labor, accelerating the action which the Gulf states began to abolish the sponsorship system. 

It is worth mentioning that the decline in the currencies of Arab States dense working capital for the Arab and foreign currency economic conditions may no longer faced with cheap foreign labor advantage when compared with those of dense Arab countries working capital. 

The study emphasized the need to carefully directed Gulf investments to America and the European Union, China and South Korea, while reducing international reserves of foreign states Gulf currencies, particularly the Kingdom of Saudi Arabia to reduce the size of the purchase of US debt 'US Treasuries. " 

Bonds and US Treasury are way more importantly , financing the US government to get on top of the required growth and development, competition and coverage of short - term debt and the implementation of development projects , which will cost billions of millions of dollars the US government issued a number of bond money, depending on the maturity of each type, there are bonds maturing within one year date of issue and called Treasury bills, and if the period between one to ten years called Treasury securities, and if more than 10 - year Treasury bonds , they are called and are buying government bonds directly through the Treasury Department. 

According to the latest figures from the US Treasury Department, Saudi Arabia has US treasury bonds with a value of 100.1 billion dollars, and the UAE has the US bond of $ 63 billion, Kuwait $ 29.8 billion, with the direction of the Gulf states an alternative to increasing the international reserves of foreign currency to the establishment of sovereign funds and offered by these funds from the higher returns of international foreign exchange reserves and the conditions to invest these reserves in low - risk instruments returns which means less revenue. 

The study called for the need to invest in gold and take advantage of the purchase price at the stage of taking a curve to the downward trend , which is happening now and will continue to decline in gold prices globally in the coming period. 

It also recommended the need to create markets for investment and then go for the implementation of infrastructure projects in the Arab countries intensive working capital 'networks water gas power modes - rail', that these projects are for services equal to the cost to these projects provide the Gulf of investments which will enter this countries to buy land at low prices and get a succession tax breaks, with a focus on Sudan, Somalia, Mauritania and Jordan countries as a first stage. 

The study pointed out that it is possible that the return of stability to Syria, Iraq and Libya during the term of the Trump for president , which emphasize the need to take the GCC real quick and executive steps for the establishment of the Arab Bank for Reconstruction along the lines of the European Development Bank, which has played a key role in the rehabilitation and reconstruction of Europe after World War the second. 

The study showed that these measures will provide the economies of the Gulf states are quick to get rid of the negatives may come from the rapid and strong decisions taken by the US president , Donald Trump, along with what you are doing most of the Gulf states from long - term plans to reform their economies.

 

 
 
 
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Analysts: Trump's upcoming speech outlining global markets

Analysts: Trump's upcoming speech outlining global markets
Brokers who follow US stocks - Reuters picture of Arabian Eye
 
 February 26, 2017 6:28

From: Mahmoud Jamal

Direct: Analysts for "live" to see the global market indices variation in their performance during the last week of February, in conjunction with investors awaited a speech Trump, and the fluctuation of oil prices.

And contrast the performance of global stock markets, in a hearing last Friday, rose on Wall Street, while European stocks fell due to disappointing earnings results for the hopes and fears politics, as Japanese stocks fell with the continued reluctance of investors in light of the lack of clarity of American economic policies.

Investors are closely watching US President Donald Trump to be delivered to Congress next Tuesday's speech, by 19:00 pm GMT.

He stressed Ali Hamoudi, CEO of the performance of financial services for "direct": the global market path in the current period has largely been commenting speech the new US president, who is expected to announce where his program is likely fiscal stimulus, and highlighted his plan about corporate taxes.

Among Hamoudi: that investors the world market is currently going through a new phase concerns, after Stephen Mniuchin US Secretary of new Treasury in his speech he stressed on Thursday that Trump's management called China as a currency manipulator; which restores the possibility of a trade war erupt impose duties on goods between the two countries .

Hamoudi said: that the policy concerns about the future of France and determine the fate of Paris in the European Union; make those policy concerns dominate heavily on European markets; which forced them to end trading Friday at its lowest level in three weeks.

Hamoudi said: The fears of the instability of oil prices, and speculators now control price levels; may affect the performance of the European markets negatively in the coming period.

When advised of Mr. Hussein, the market analyst, investors interested in long-term strategies to diversify investments of US equities, especially after the Dow Jones skipped the level of 20 thousand points, the highest in nearly 18 years.

Mr: The return of liquidity from the bond turnover of shares of non-defense and that are affected by the conditions of economic activity indicates that there is a state of optimism about increasing inflation and growth, which is dominated at the moment on concerns about protectionist tendency that aired Trump in some of his previous statements.

Mr. He noted that the fixed-income markets began to offer good returns, in addition to corporate profits, which gave yet is powerful enough results to justify the standard levels, may draw attention to that there is a correction will happen soon season.

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There was billions of loans granted to emerging market countries in Special Drawing Rights during the financial collapse and just recently to Iraq.  Revalue the SDR and you can rebalance the world's currencies. Revalue the SDR and countries like Iraq and Syria will have purchasing power. Revalue the SDR and the West will have ended poverty so that terrorist can no longer hate us. Revalue the SDR and Mexico can pay for their wall.

 

 

Press Release: IMF Approves US$17.8 Billion Stand-By Credit for Mexico

https://www.imf.org/en/News/Articles/2015/09/14/01/49/pr9510

 

IMF Executive Board Approves US$5.34 billion Stand-By Arrangement for Iraqhttps://www.imf.org/en/News/Articles/2016/07/07/19/55/PR16321-Iraq-IMF-Executive-Board-Approves-US5-34-billion-Stand-By-Arrangement

 

The IMF responded to the global economic crisis by mobilizing resources on many fronts to support its member countries. The IMF increased and deployed its lending firepower, used its cross-country experience to offer policy solutions, and introduced reforms that better equipped it to respond to countries’ needs.

http://www.imf.org/en/About/Factsheets/Sheets/2016/07/27/15/19/Response-to-the-Global-Economic-Crisis

IMF Executive Board Approves US$723 million Extended Arrangement Under the Extended Fund Facility for Jordan

https://www.imf.org/en/News/Articles/2016/08/25/PR16381-Jordan-IMF-Executive-Board-Approves-US-723-million-Extended-Arrangement

 

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Friday, February 24, 2017
Currency Currency amount under Rule O-1 Exchange rate 1 U.S. dollar equivalent Percent change in exchange rate against U.S. dollar from previous calculation
Chinese Yuan 1.0174 6.85180 0.148487 0.163
Euro 0.38671 1.06065 0.410164 0.502
Japanese Yen 11.900 112.33500 0.105933 0.677
U.K. Pound Sterling 0.085946 1.25515 0.107875 0.597
U.S. Dollar 0.58252 1.00000 0.582520  
1.354979
U.S.$1.00 = SDR 0.738019 2 -0.269 3
SDR1 = US$ 1.354980 4  
 
 
 
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17 hours ago, spacetuna said:

There was billions of loans granted to emerging market countries in Special Drawing Rights during the financial collapse and just recently to Iraq.  Revalue the SDR and you can rebalance the world's currencies. Revalue the SDR and countries like Iraq and Syria will have purchasing power. Revalue the SDR and the West will have ended poverty so that terrorist can no longer hate us. Revalue the SDR and Mexico can pay for their wall.

 

 

Press Release: IMF Approves US$17.8 Billion Stand-By Credit for Mexico

https://www.imf.org/en/News/Articles/2015/09/14/01/49/pr9510

 

IMF Executive Board Approves US$5.34 billion Stand-By Arrangement for Iraqhttps://www.imf.org/en/News/Articles/2016/07/07/19/55/PR16321-Iraq-IMF-Executive-Board-Approves-US5-34-billion-Stand-By-Arrangement

 

The IMF responded to the global economic crisis by mobilizing resources on many fronts to support its member countries. The IMF increased and deployed its lending firepower, used its cross-country experience to offer policy solutions, and introduced reforms that better equipped it to respond to countries’ needs.

http://www.imf.org/en/About/Factsheets/Sheets/2016/07/27/15/19/Response-to-the-Global-Economic-Crisis

IMF Executive Board Approves US$723 million Extended Arrangement Under the Extended Fund Facility for Jordan

https://www.imf.org/en/News/Articles/2016/08/25/PR16381-Jordan-IMF-Executive-Board-Approves-US-723-million-Extended-Arrangement

 

The US may need to do something before March 17th ??? ...http://www.zerohedge.com/news/2017-02-26/stockman-after-march-15-everything-will-grind-halt

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