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 "It's a Done Deal" - Thurs. PM TNT Thoughts/News 2/28/19 DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

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"It's a Done Deal" - Thurs. PM TNT Thoughts/News 2/28/19

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Post by Ssmith on Fri Mar 01, 2019 9:20 am

TNT

Fullsail:

The hard work is over, we have already paid the price to be in this position. We only have to wait for it to come to us. Greater Later rates now are higher than we expected in the past. Set this aside, focus on things we have control

Samahdi:
some from last night say it's a done deal

Eccle519:
The rate can/will only shoot up on Forex when it eventually gets there… The purchase of Dinar on Forex is what drives up the rate…. When Iraq wants to play with the Big Boys, it will go on Forex.....Many say the Dinar is International, but we still don't see it! It's not International until it is International!! Such as...CBI showing new rate, UST operational rates showing same Non-program IQD rate, Forex showing even higher rate as it will be traded Immediately!!!

Harambe:
Bloomberg: Zimbabwe Banks Said to Trade $7.7 Million (new currency) on Interbank Market (2/28/19)


Zimbabwean banks traded $7.7 million since the central bank effectively created a new currency that’s its allowing to be bought and sold on an interbank market, a person familiar with the matter said.

The amount is part of an initial allocation of $25 million that the Reserve Bank of Zimbabwe is providing to commercial banks to trade, the person said, declining to be identified because the information isn’t public.

The central bank last week created the RTGS dollar by merging its so-called bond notes and their electronic equivalent. It then allowed the securities to trade at a rate determined by the interbank market rather than insisting the securities had parity with the dollar.

The new currency traded at 2.5005 to the dollar on the interbank market yesterday, according to central bank data. Bond notes traded at 3.31 to the dollar on the black market, according to marketwatch.co.zw, a website run by Zimbabwean financial analysts. The rate has strengthened in recent days.

https://www.bloomberg.com/news/articles/2019-02-28/zimbabwe-banks-said-to-trade-7-7-million-on-interbank-market
Ssmith
Ssmith
GURU HUNTER
GURU HUNTER

Posts : 20038
Join date : 2012-04-10

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