Euro-Sonderziehungsrecht EUR/SDR Wechselkurs -

Money, Money, Money - Its always about the money!

Some economists (but not all economists) believe that the USD and the US economy is losing its integrity and may ultimately collapse.

Question: If accurate, what would replace the USD as the global reserve currency?
Answer: The IMF is ready with a replacement global reserve currency called SDR's!

" In this brave new world, is it time to rethink the SDR’s role?" (Ocampo)"The IMF should not pass up this opportunity" (Ocampo)

Will CBDC's be created at the same time as the SDR's? Will exchange rates of CBDC's be anchored to Quotas? Is the IMF a fund or potentially more like a Central Bank for the World? How did the IMF come about?
Central Bank Digital Coins - CBDC's

  1. England:
  2. USA:
  1. Australia
  1. Canada
  2. Sweden
  3. Norway
  4. European Union
  5. Singapore
  6. New Zealand:
  7. China


The World Economic Forum is planning a major event for January of 2021 that will focus on the "Great Reset" and the "4th Industrial Revolution".

Prince Charles wants to reset - Do you?

What are they gonna reset?

!. Potential collapse of the US dollar.
  1. Replaced by IMF SDR's
3.Complimented by new CBDC's
  1. How is this connection the WEF "Great Reset..
Its time to read, learn and share!

Edit = Added TL:DR
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SDR currency basket ratios; which is designated by IMF -- Currency basket is the best way to protect your self against the economical crisis!

SDR currency basket ratios; which is designated by IMF -- Currency basket is the best way to protect your self against the economical crisis! submitted by Dr_Market to Forex [link] [comments]

[EVENT] 2021 People's Bank of China Statement

Press Conference with the Governor of the People's Bank of China 任中国人民银行行长 Yi Gang 易纲 on current monetary and regulatory matters in the People's Republic of China for the year 2021
Dear Ladies and Gentlemen,
I shall be presenting the position of the People's Bank of China on the current forecast for the fiscal year 2021, with emphasis on the growth predicted for the country and the ramifications it has for the monetary policy of the PBOC. Additionally, I shall address the demand for the People's renminbi as a reserve currency for the Federal Republic of India.
Concerning the growth of the economy for 2021, official growth stands at 6,3 percent. We raise our satisfaction with some positive changes have occurred in the structural adjustments of the Chinese economy in previous quarters, but deep problems remain amid uncertainties. While the the trade war with the United States has been officially ended and there has been regulatory and financial reform, we raise concerns with the additional oversight that has been placed on the digital economy and infrastructure of firms operating in the country. We would like to raise - in coordination with the State Council, that the policy is in response to both the U.S. CLOUD Act and European GPDR to which the burden is regrettable.
Of more pressing concern is the slowing growth for the year that has missed the official target of the PBOC and the government. Thus I shall state that the People's Bank will continue the prudent monetary policy that is neither too loose or too tight, and ensure reasonably ample liquidity in the interbank market. However. The Bank shall begin a further stimulus package to address the slowing growth through creating further domestic credit growth and boost consumer demand.
The additional aim will be to allow for easier borrowing for businesses that does not hold substantial non-performing loans that have been flagged to the Ministry of Finance. This relates to the new Supplementary Measures that are now being issued:
Regarding State-Owned Enterprises, credit expansion will delegated by State-owned Assets Supervision and Administration Commission (SASAC), under guidance by the PBOC.
With this screening policy in place - essentially window guidance, we hope to avoid flooding of inefficient credit creation.
As to the matter of the size of the stimulus, the PBOC shall roll out a $260 billion package, with targeted support for performing small- and medium banks that have has viable credit profiles. Banks that fail to meet this requirement shall be reported to regulators to shore up, with asset sell-offs and NPL write offs - with the State-owned Assets Supervision and Administration Commission (a percentage of the $144 billion operating budget has been allocated for this write-off, complimented with the National Debt Service allocations as outlined by the Ministry of Finance's projected budget for 2021)
Concerning the state of the renminbi and its valuation, should growth projections worsen, the Bank is willing act robustly in the defence of the currency. Current repo rates shall remain in line and compliment current inflation metrics.
Concerning more fascinating matters, the internationalisation of the renminbi is a policy that we at the PBOC would encourage policy makers to continue upon. Due to the dominance of the American dollar, the US government can issue debt and print money freely. It gains from seigniorage, as people hold dollars for use in transactions. As the world has seen, especially in recent years, control of dollar-clearing systems enables the United States to limit others’ financial access - which is of particular concern for the PBOC. Many global goods, especially commodities, are priced in dollars. These benefits also provide the United States with political gains and soft power. The same can be assumed for the renminbi and China should further relaxation of capital accounts and the not too loose or restricted monetary policy of the PBOC continues as it has.
From 2009, the dollar has held steady at 60% of global reserves over the past decade, after declining from 70%. With the euro area’s troubles, the euro’s share has slipped; developing economies now hold about 24% of their reserves in euros, down from 31% in 2009. Other currencies – Swiss, Australian, Canadian – increased their attractiveness for a time, but their market size is limited and cyclical conditions have dampened some interest. The Japanese yen and British pound will continue to play a modest role, though we remain pessimistic on the role of the British pound should a No Deal Brexit be followed through. SDRs, which represent less than 3% of global reserves, suffer from a lack of private trading, invoicing, borrowing and lending, granted the renminbi has been added to the basket peg in which SDRs are issued by the IMF.
Given the decision of the Indian government to divest from the their dollar holdings, the PBOC shall announce the sell of $20 billion of National Government Bonds to the Reserve bank of India as well as a purchase of $30 billion worth of renminbi to be held in forex reserves.
Due to this measure, we hope to see that the liquidity of the Renminbi expands as international interest picks up, to which the PBOC shall facilitate all currency purchases as well as bond issuance to those who seek a stable investment.
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韩国政府拟发行以人民币计价的国债 by 一带一路 on 2015-11-30

韩联社世宗11月30日电 韩国企划财政部相关人士30日表示,韩国政府力争年内在中国债券市场发行人民币计价国债,这是外国政府首次在中国内地发行国债。该人士表示,韩国政府在经中国人民银行(PBOC)批准后,最快将于12月中旬在中国内地发行以人民币计价的外汇平准基金债券,至于发行时间和到期时间,政府将考虑金融市场动向等因素后再决定。政府计划在12月内完成发行相关程序,并以最为有利的条件选择发行日期。此次债券发行规模或达5亿欧元,因为目前韩国政府年内可发行的外汇平准基金债券余额为5亿欧元。
submitted by robot301_03 to kfq [link] [comments]

Looking to invest in bitcoins, anyone with experience?

I have researched quite a bit into purchasing bitcoins and the various exchanges in Singapore. I believe bitcoin holds enormous potential as a decentralized digital asset, can revolutionize micro payments, forex trading and cross border trade, and can hold its own as a reserve currency (SDR's are insufficient and the Rmb still needs major reforms).
Based on projected supply, the weakening Chinese currency and increasing acceptance by businesses, I believe that bitcoins will still be massively undervalued even if it recovers to its 2013 peak levels.
However, most of fellow Singaporeans I have spoken to have are often unaware about the drawbacks or advantages of bitcoins, despite consistent news coverage worldwide (Barclays announced that it will help charities accept bitcoin payments recently), and I believe MAS actually mentioned that it may tax bitcoin 'barter trade' sometime ago.
To Singaporeans actively trading or interested in cryptocurrencies: what future does bitcoins have in Singapore, and what is the investment outlook for bitcoins in the near future?
Thank you!
submitted by salientlife93 to singapore [link] [comments]

마일유니티(Mile Unity)_MILE이 “BitForex”에 상장됩니다. — Steemit

마일유니티(Mile Unity)_MILE이 “BitForex”에 상장됩니다. — Steemit
MILE이 “BitForex”에 상장됩니다. 세계에서 가장 큰 암호화폐 거래소 중 하나인 “BitForex”는 “MILE” 코인을 상장할 것이라고 발표 했습니다.
MILE의 공식 상장은 11월 16일이고, 베이징 시간 16:00(8:00 UTC)부터 거래가 시작됩니다. 같은 시간에 암호화폐 거래소의 MILE 입금과 출금 또한 가능합니다.
BitForex에서 동시에 두 가지의 트레이드 마켓에 론칭합니다.: MILE/BTC, MILE/ETH. 미국달러로 환산하면, 1MILE은 1.7달러입니다. 현재 MILE 시가총액은 1.7BUSD입니다.

Garrett Jin, Vice President of BitForex

BitForex의 Garrett Jin 부사장은 “우리는 BitForex에서 MILE을 볼 수 있게되어 기쁩니다.” “블록체인 산업의 발전에 있어 그들의 특별한 특징은 stable coin으로서 큰 잠재력이라고 볼 수 있습니다. 분명히, 우리는 기술적으로 더 분산되고 투명한 새로운 암호화폐가 필요합니다. 그리고 MILE은 그것들 중 하나입니다.”
MILE코인은 “XDR”이라고 알려진 또 다른 스테이블 코인과 함께 작동하는 같은 에코 시스템의 일부입니다. MILE이 완전히 변동환율을 가진 코인이라면, XDR은 사회적 알고리즘의 스테이블 코인이고, 누구든지 발행할 수 있는 코인입니다. XDR은 1981년 이후 11% 밖에 가격이 변하지 않은, 매우 안정된 IMF(국제통화기금)의 SDR(특별인출권)과 동일한 가치를 지니고 있습니다.

BitForex는 거래소에서 MILE이 출시된 후 XDR을 상장할 계획입니다. 더 많은 일정에 대한 세부사항이 나올 예정입니다.
MILE 에코시스템 정보 MILE 에코시스템은 익명의 또는 MILE블록체인의 개발자 명목의가명 “Lotus Mile”로부터 전세계 국가의 송금 및 투자, 국경을 초월한 통화 거래에 사용되도록 설계되었습니다.
MILE 블록체인 실제 경제적용 애플리케이션에 대한 협의는 일본, 중국, 한국, 터키, 브라질, 러시아, 카자흐스탄, 나미비아, 우간다 등의 많은 정부 및 상업 단체에서 이미 시작되었습니다. 추가적으로, MILE 에코시스템은 BRICS, 실크로드 협회와 같은 단체와 파트너십 협정이 이루어 졌습니다.

BitForex 정보
2017년에 설립된 BitFoex는 사용자에게 안전하고 전문적이며 편리한 암호화폐 거래 서비를 제공하는 세계최고의 디지털 자산 거래 플랫폼 중 하나입니다. BitForex는 중국에서 인기가 있습니다. Coin Marketcap에 따르면, 현재 BitForex는 수억 달러의 일일 거래량을 가진 상위 10위권 한의 암호화폐 거래소입니다.
원문출처 :
■ 마일 커뮤니티
■ 마일 대사관 정보 — 주소: 서울강남구 테헤란로 128 8층 — 유선전화: 02–6952–0043 — E-MAIL : [email protected]
■번역 : 마일유니티코리아_Leo Kang
submitted by Siver_Bin_Cotez to u/Siver_Bin_Cotez [link] [comments]

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