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tman23: Good luck with the 3 zero notes floating...NEVER EVER GOING TO HAPPEN...

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tman23: Good luck with the 3 zero notes floating...NEVER EVER GOING TO HAPPEN...

Post  RamblerNash on Wed Jun 13, 2018 12:07 am


ESF (exchange stabilization fund)...It is a branch of our UST, it is said to be the architect of world exchange rates to world currencies...   I never said ESF sets the RATE...I did say they are the architect.. And I think the better question is...Who is going to convert this currency for you?  What bank will risk holding it?  We assume the UST will have to back it up for any exchange to take place...And if that assumption is close to accurate...Do you really think that the IMF or CBI will set a rate without UST approval... ...Good luck with the 3 zero notes floating...NEVER EVER GOING TO HAPPEN...That is insane corruption waiting to happen...   [NOTE:  The Exchange Stabilization Fund (ESF) consists of three types of assets: U.S. dollars, foreign currencies, and Special Drawing Rights (SDRs), which is an international reserve asset created by the International Monetary Fund.]


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