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Thread: IMF April 30, 2007
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21-05-2007, 01:49 AM #151
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21-05-2007, 03:11 AM #152
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Habakkuk 2:2-3 Then the LORD answered me and said: “ Write the vision And make it plain on tablets,
That he may run who reads it. 3 For the vision is yet for an appointed time; But at the end it will speak, and it will not lie. Though it tarries, wait for it; Because it will surely come, It will not tarry.
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21-05-2007, 09:34 PM #153
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.19 is an oddball number to pull out of the blue on the CBI site. I think it is much more than a coincidence - however, I wouldn't take the number as a potential revalue amount. Take it more as a data-entry error or something. If it works out for the better, then it is best to be surprised because if it doesn't work out, it is a big disappointment.
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21-05-2007, 09:43 PM #154
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Yeah, it is VERY strange you are able to get to that using the numbers. Where do the 1000 fils fit in the equation?
I just think it is interesting.Habakkuk 2:2-3 Then the LORD answered me and said: “ Write the vision And make it plain on tablets,
That he may run who reads it. 3 For the vision is yet for an appointed time; But at the end it will speak, and it will not lie. Though it tarries, wait for it; Because it will surely come, It will not tarry.
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21-05-2007, 09:59 PM #155
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21-05-2007, 10:09 PM #156
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RV Rate
About 6 months ago got some information from I began to talk to on the phone that is in the oil buisiness.
At that time he said he new several high ranking government officials that bought alot of dinar. I believe he said one had bought 100 million. He also told me that China had cleared out all the scrap yards around Houston and hired alot of ship workers out of Pascagola,MS to build oil tankers for Iraqi Oil.
Also about that time he said he heard that the dinar was going to rv at .91 euro. At that time the number converting to dollars was $1.27.
Coincidence or not with the same number being bantered about now?
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22-05-2007, 12:59 AM #157
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"The ulimate measure of man is not where he stands in moments of comfort and convenience, but where he stands at times of challenge and controversy." --Dr. Martin Luther King Jr.
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22-05-2007, 01:04 AM #158
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Special Drawing Right (SDR)
International reserve asset created by the IMF in 1969 as a supplement to existing reserve assets.
• SDR Allocation. Distribution of SDRs to members by decision of the IMF. A "general" allocation requires a finding by the IMF that there is a global need for additional liquidity.
• SDR Assessment. An assessment levied by the IMF, at the same rate for all participants in the SDR Department, on a participant’s net cumulative SDR allocations, to cover the expenses of conducting the business of the SDR Department.
• SDR Department. This department, an accounting entity rather than an organizational unit of the IMF, records and administers all transactions and operations involving SDRs.
• SDR Interest and Charges. Interest is paid to each holder of SDRs. Charges are levied, at the same rate, on each participant’s net cumulative SDR allocations. The SDR interest rate is determined weekly by reference to a short-term market interest rates on the currencies used for SDR valuation. Interest on SDR holdings is paid, and charges on net cumulative allocations are collected, on a quarterly basis, and are settled on the first day of the subsequent quarter.
• SDR Use. Participants in the SDR Department (currently all members of the IMF) and prescribed holders may use SDRs in a variety of voluntary transfers, including transactions by agreement, swap arrangements, forward operations, and so forth. Participants may also use SDRs in operations and transactions involving the General Resources Account (GRA), such as the payment of charges and repurchases (repayments). In addition, the IMF ensures that a participant with a balance of payments or reserve need to acquire foreign exchange is able to use its SDRs in a "transaction with designation".
• SDR Valuation. The currency value of the SDR is determined daily by the IMF by summing the values in U.S. dollars, based on market exchange rates, of a basket of four major currencies—the euro, Japanese yen, pound sterling, and the U.S. dollar. The SDR valuation basket is normally reviewed every five years. The last review, which took place in 2000 (see Press Release No. 00/55), resulted in a revision of the weights assigned to each currency in order to take into account the introduction of the euro on January 1, 1999 and the growing role of international financial markets. The revisions in the valuation basket became effective on January 1, 2001 (see Press Release No. 00/87).
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22-05-2007, 01:08 AM #159
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Thank you Mr Wizard!
"The ulimate measure of man is not where he stands in moments of comfort and convenience, but where he stands at times of challenge and controversy." --Dr. Martin Luther King Jr.
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22-05-2007, 01:32 AM #160
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