TD says........ LOPS- RAMADAN - VND and BASKETS....

by **Ponee** Sun May 19, 2013 9:19 am

AND NOW, THE RAMADAN FACTOR KICKS IN. WE WILL BE SEEING A LOT OF ... "AFTER RAMADAN...."

5-18-2013 Intel Guru TD AS intel providers reported a few days back about a whole group of currencies in a basket changing values and indeed the IQD was also originally planned to be part of that group (and indeed the star player ). We know it hasn't happened. Well, we are still at a impasse. Iraq is sticking to their demands of a low rate and LOP with anything high. Their proposed pay outs EVEN affect countries and high rollers. And as you can guess THEY (countries, high rollers) certainly aren't happy about that. So the bickering and stalemate continues. Iraq has said they'll consider any offers (to their liking) from now till start of Ramadan.
Also, many people are wondering why the VND wasn't in the basket of currencies either. Well the answer to that...by a Goldman Sachs executive in charge of Asian markets, says that Vietnam's intention is of a low, manipulated currency (like neighbor China), for export/import reasons. He says NOT to expect any significant change in the VND anytime soon.

Read more: http://www.dinarguru.com/#ixzz2TkCSgAEd