TNT
RVAlready:
After the fed had to bail out the overnight system the last 2 nights, to the tune of 75 billion dollars - it looks like time to put treasury back in charge of the money supply, and say goodbye to the fed….So long to The Creature from Jecklel Island
Jambie67:
My spin: the rate(s) may come out at a lot higher than we all anticipate. Many may say, "Wow! That's way high enough for me! I'll have plenty!" and go ahead and exchange when, in reality, the banks might be able to go "way-plenty" higher. Negotiate ANY way.
Sooneriam:
I wonder if there are four or five rates that are already programmed into the bank computer for each of the major foreign currencies??
A while back rates for the dinar was $4.47, $6, $8 and $28.50…….A little while back the Vietnamese Dong had rates like $0.47, $0.57, $0.87, $2.27 and $6.
Betmar:
we will know the rates after rv
Sooneriam:
Such a wide range of rates and negotiate going up by $0.05, $0.20 for $0.50 increments. I wonder what are four five rates we should request for the dinar and Vietnamese dong?? Of course the more currency we have and the longer we leave it in the bank the more bargaining power we will have. IMHO
RVAlready:
Start with the highest rate, and come down if you have to.
Sooneriam:
RV already, good advice. Shoot for the moon first. And you will land Among the Stars
Start high with the Moon and settle on a good star rate that you are happy and comfortable with
RVAlready:
Up until the contract rate pool is exhausted, there should be a full range of rates. After, it is up to the bank, knowing what they can get from treasury, and projecting how much they can make off whatever money you leave with them to invest. Safest to assume that all is negotiable. Start high and work down.
Sooneriam:
Maybe the banks have certain rate amounts programmed into the computer that will signal a yes and open the door for a good contract agreement.
Ify:
thinking maybe the rates auto-generate based on currency transaction amount. they may have a progamming option where a popup window appears and allows them to input currency count, algorithm calculates and then gives them go or no go on bigger rate. maybe?
Harambe:
Bloomberg: Zimbabwe’s Currency Rout Makes Argentina’s Seem Like a Blip (9/17/19)
If you thought Argentina’s currency crisis was bad, spare a thought for Zimbabwe.
Measures to protect the Zimbabwe dollar -- including sky-high interest rates -- seem to be coming to naught.
Since the southern African nation allowed formal trading of what was effectively a new currency in February, the unit has depreciated to 13.52 per U.S. dollar, from 2.50. That equates to a loss in value of 82% -- easily the worst performance globally, excluding hyperinflationary Venezuela.
It’s even weaker on the black market, changing hands on the streets of Harare, the capital, at 16.60, according to marketwatch.co.zw, a website that monitors the parallel rate.
The rout makes that in Argentina, where the government imposed capital controls to stem the peso’s 26% decline last month, seem relatively mild.
Zimbabwe’s foreign-exchange scarcity has only worsened since long-standing ruler Robert Mugabe, whose funeral was held over the weekend, fell from power almost two years ago. Such is its severity that the central bank raised interest rates to 70% on Friday, from 50%.
That may do little for consumption in an economy the International Monetary Fund says will contract 2.1% this year, but Zimbabwean officials believe it’s necessary to slow inflation, the rate of which is estimated to be above 200%.
https://www.bloomberg.com/news/articles/2019-09-17/zimbabwe-s-currency-rout-makes-argentina-s-seem-like-a-mere-blip
Source: Dinar Recaps
______________________________________________________
If you wish to contact the author of any reader submitted guest post, you can give us an email at UniversalOm432Hz@gmail.com and we'll forward your request to the author.
______________________________________________________
All articles, videos, and images posted on Dinar Chronicles were submitted by readers and/or handpicked by the site itself for informational and/or entertainment purposes.
Dinar Chronicles is not a registered investment adviser, broker dealer, banker or currency dealer and as such, no information on the website should be construed as investment advice. We do not support, represent or guarantee the completeness, truthfulness, accuracy, or reliability of any content or communications posted on this site. Information posted on this site may or may not be fictitious. We do not intend to and are not providing financial, legal, tax, political or any other advice to readers of this website.
Copyright © 2019 Dinar Chronicles
RVAlready:
After the fed had to bail out the overnight system the last 2 nights, to the tune of 75 billion dollars - it looks like time to put treasury back in charge of the money supply, and say goodbye to the fed….So long to The Creature from Jecklel Island
Jambie67:
My spin: the rate(s) may come out at a lot higher than we all anticipate. Many may say, "Wow! That's way high enough for me! I'll have plenty!" and go ahead and exchange when, in reality, the banks might be able to go "way-plenty" higher. Negotiate ANY way.
Sooneriam:
I wonder if there are four or five rates that are already programmed into the bank computer for each of the major foreign currencies??
A while back rates for the dinar was $4.47, $6, $8 and $28.50…….A little while back the Vietnamese Dong had rates like $0.47, $0.57, $0.87, $2.27 and $6.
Betmar:
we will know the rates after rv
Sooneriam:
Such a wide range of rates and negotiate going up by $0.05, $0.20 for $0.50 increments. I wonder what are four five rates we should request for the dinar and Vietnamese dong?? Of course the more currency we have and the longer we leave it in the bank the more bargaining power we will have. IMHO
RVAlready:
Start with the highest rate, and come down if you have to.
Sooneriam:
RV already, good advice. Shoot for the moon first. And you will land Among the Stars
Start high with the Moon and settle on a good star rate that you are happy and comfortable with
RVAlready:
Up until the contract rate pool is exhausted, there should be a full range of rates. After, it is up to the bank, knowing what they can get from treasury, and projecting how much they can make off whatever money you leave with them to invest. Safest to assume that all is negotiable. Start high and work down.
Sooneriam:
Maybe the banks have certain rate amounts programmed into the computer that will signal a yes and open the door for a good contract agreement.
Ify:
thinking maybe the rates auto-generate based on currency transaction amount. they may have a progamming option where a popup window appears and allows them to input currency count, algorithm calculates and then gives them go or no go on bigger rate. maybe?
Harambe:
Bloomberg: Zimbabwe’s Currency Rout Makes Argentina’s Seem Like a Blip (9/17/19)
If you thought Argentina’s currency crisis was bad, spare a thought for Zimbabwe.
Measures to protect the Zimbabwe dollar -- including sky-high interest rates -- seem to be coming to naught.
Since the southern African nation allowed formal trading of what was effectively a new currency in February, the unit has depreciated to 13.52 per U.S. dollar, from 2.50. That equates to a loss in value of 82% -- easily the worst performance globally, excluding hyperinflationary Venezuela.
It’s even weaker on the black market, changing hands on the streets of Harare, the capital, at 16.60, according to marketwatch.co.zw, a website that monitors the parallel rate.
The rout makes that in Argentina, where the government imposed capital controls to stem the peso’s 26% decline last month, seem relatively mild.
Zimbabwe’s foreign-exchange scarcity has only worsened since long-standing ruler Robert Mugabe, whose funeral was held over the weekend, fell from power almost two years ago. Such is its severity that the central bank raised interest rates to 70% on Friday, from 50%.
That may do little for consumption in an economy the International Monetary Fund says will contract 2.1% this year, but Zimbabwean officials believe it’s necessary to slow inflation, the rate of which is estimated to be above 200%.
https://www.bloomberg.com/news/articles/2019-09-17/zimbabwe-s-currency-rout-makes-argentina-s-seem-like-a-mere-blip
Source: Dinar Recaps
______________________________________________________
If you wish to contact the author of any reader submitted guest post, you can give us an email at UniversalOm432Hz@gmail.com and we'll forward your request to the author.
______________________________________________________
All articles, videos, and images posted on Dinar Chronicles were submitted by readers and/or handpicked by the site itself for informational and/or entertainment purposes.
Dinar Chronicles is not a registered investment adviser, broker dealer, banker or currency dealer and as such, no information on the website should be construed as investment advice. We do not support, represent or guarantee the completeness, truthfulness, accuracy, or reliability of any content or communications posted on this site. Information posted on this site may or may not be fictitious. We do not intend to and are not providing financial, legal, tax, political or any other advice to readers of this website.
Copyright © 2019 Dinar Chronicles
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