11-9-2012 Intel Guru TerryK Now for other things: 1. The State Bank of Vietnam website has been down all morning. This has never happened before. 2. The VND technical pages have been down off and on all week. When they go down it stays down for hours. 3. Trading has been frozen at least three days this week on both FX And Netdania. Right now Netdania is showing 0 change for past 12 hours. Same for IDR. 4. Wednesday night .76 showed up on Todd's [?] screen for one hour. 5. Others have seen rates pop up this week...So, maybe we might see them go first ahead of the Dinar by a few days. Just pondering. HEARING THE DONG MAY GO AS SOON AS THIS WEEKEND. [post 2 of 2]
11-9-2012 Intel Guru TerryK While everyone keeps eyes fixed on Iraq we have been following things in Vietnam. I think we can use Vietnam as a real RV gage. One main reason is we don't see misleading and untruthful information coming out unlike what we see from Iraq. So here goes what we see at this time: 1. We know they are to re-value as part of five basket currencies. 2. Sent articles describing all of their natural resources and why they can support $1.00 and up to $2.00 in a revaluation. 3. They have settled with France on a rate for repayment. 4. The IMF & WTO have spent weeks in Saigon with The State Bank of Vietnam preparing them for full membership in 2013. 5. It has been circulating the IMF has given them green light to go ahead with RV. 6. They have been getting their economy and banking systems lined up and ready. 7. They've been doing big business with Russia, Israel, China and France. 8. Their government is very stable. [post 1 of 2....stay tuned]
11-9-2012 Newshound Guru Administrator Bob Economics seems to be this week’s theme. It seems everyone got into the act this week from the IMF to the Central Bank of Iraq. Maliki cancelled the ration program effect March 1st, 2013 and public outcry ensued.
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