Srikcir Posted October 3, 2017 Share Posted October 3, 2017 36 minutes ago, Senechal said: China seizing reserve currency status isn't one of them. China already has reserve currency status so there's nothing to "seize." https://www.reuters.com/article/us-china-currency-imf/chinas-yuan-joins-elite-club-of-imf-reserve-currencies-idUSKCN1212WC Link to comment Share on other sites More sharing options...
Srikcir Posted October 3, 2017 Share Posted October 3, 2017 22 minutes ago, Senechal said: The only "changes happening now" that threaten that relationship U.S. shale production has proven to be resilient to low oil prices partially through hydraulic fracturing treatment. https://www.forbes.com/sites/ucenergy/2016/08/31/when-global-oil-prices-tanked-shale-oil-production-didnt-heres-why/#cad4cbb18ba9 Link to comment Share on other sites More sharing options...
Senechal Posted October 3, 2017 Share Posted October 3, 2017 18 minutes ago, Srikcir said: China already has reserve currency status so there's nothing to "seize." https://www.reuters.com/article/us-china-currency-imf/chinas-yuan-joins-elite-club-of-imf-reserve-currencies-idUSKCN1212WC I meant exclusive to the USD, which was crazy-dude's claim. Link to comment Share on other sites More sharing options...
ukrules Posted October 3, 2017 Share Posted October 3, 2017 On 18/04/2017 at 11:56 AM, gamini said: pretty ignorant post. You obviously know nothing about exchange rates. They are controlled by market forces, not by the government. Interesting comment, is the Baht now freely traded on the open markets ? Link to comment Share on other sites More sharing options...
Naam Posted October 3, 2017 Share Posted October 3, 2017 1 hour ago, ukrules said: Interesting comment, is the Baht now freely traded on the open markets ? no, the last restrictions (2003) still apply. Quote Dear Client, Thai Baht Currency Restrictions Further to the Bank of Thailand’s Measure No. 33/2003 (Additional Measure to Prevent Thai Baht Speculation), which came into effect in October 2003, XYZ Bank, Singapore Branch is subject to restrictions affecting its holdings of Thai Baht currency. These include the following: Maintaining THB accounts in Thailand for settlement purposes only, where settlement means the settlement of securities transactions and cash payment transactions. The exception is for deposits of a tenor of at least 6 months or more. Forfeiture of credit interest on its accounts (other than deposits of a tenor of at least 6 months or more) Ensuring that the aggregated end of day balances for cash accounts with all financial institutions in Thailand do not exceed THB 300 million (the “Daily THB Limit”) Imposition of deposit charge on THB account balances. In relation to the Daily THB Limit, XYZ Bank, Singapore Branch will be required to adjust its Thai Baht balances in all its client accounts to be compliant with the permitted level as determined by the Thai authorities on a daily basis. As such accounts may include balances in Thai Baht held on your behalf, it is critical that we are able to adjust client THB balances to ensure compliance. Accordingly, at any time that you are holding a long position in THB, we reserve the right in our absolute discretion and without prior notice to you to convert your holding of THB, in whole or part, into United States dollars at the prevailing spot rate. Yours truly, XYZ Bank, Singapore Branch Link to comment Share on other sites More sharing options...
Naam Posted October 3, 2017 Share Posted October 3, 2017 2 hours ago, Senechal said: 2 hours ago, owl sees all said: China is moving quietly but purposfully towards the day when it can do deals across the world in it's own currency. It is already but to just a few. LOL. Okay, I'm out. It's been fun playing. you are sulking because you don't get a share of the petrodollar cut. Link to comment Share on other sites More sharing options...
ukrules Posted October 3, 2017 Share Posted October 3, 2017 2 hours ago, Naam said: no, the last restrictions (2003) still apply. Yes, that's what I figured and I'm the 'ignorant one' according to gamini, LOL Link to comment Share on other sites More sharing options...
Richard Ivin Amal Posted October 6, 2017 Share Posted October 6, 2017 Well let's just hope for the best and see what happens hard to say. And rumours that the Thai Bhat seems to be weaking and the US dollar flucating... Link to comment Share on other sites More sharing options...
kg1947 Posted October 11, 2017 Share Posted October 11, 2017 I thought Federal Reserve will be history - soon ?? when US Treasury Notes come out , will the rate of Exchange be different ?? How is the fate of Petro Dollar ?? Link to comment Share on other sites More sharing options...
owl sees all Posted October 11, 2017 Share Posted October 11, 2017 (edited) 23 minutes ago, kg1947 said: I thought Federal Reserve will be history - soon ?? when US Treasury Notes come out , will the rate of Exchange be different ?? How is the fate of Petro Dollar ?? The Americans did have their own currency with the 'greenback'. The FED is the same as the IMF and B-of-Eng. If it goes the people behind the FED will still be in control. The petrodollar seems doomed. I think a new world settlement currency will replace it next year. This currency will be a mix of Yuan, Ruble, Dollar, Euro and a couple of others like the Rupee. Edited October 11, 2017 by owl sees all added more content Link to comment Share on other sites More sharing options...
watcharacters Posted October 11, 2017 Share Posted October 11, 2017 7 minutes ago, owl sees all said: The Americans did have their own currency with the 'greenback'. The FED is the same as the IMF and B-of-Eng. If it goes the people behind the FED will still be in control. The petrodollar seems doomed. I think a new world settlement currency will replace it next year. This currency will be a mix of Yuan, Ruble, Dollar, Euro and a couple of others like the Rupee. The owl sees and knows all. Can the owl give any validation to his prognostications? Link to comment Share on other sites More sharing options...
owl sees all Posted October 11, 2017 Share Posted October 11, 2017 6 minutes ago, watcharacters said: The owl sees and knows all. Can the owl give any validation to his prognostications? Of course he can. But the truth is out there; seek and you will find! The Chinese are buying oil, backed by gold, from Iran. The petrodollar is gradually being undermined by the Chinese, Russians and Iranians. The FED is pulling the strings over NK. Link to comment Share on other sites More sharing options...
marios Posted October 21, 2017 Share Posted October 21, 2017 On 4/17/2017 at 6:55 PM, thurien said: all those now having to apply for their 1y- extension of stay along with financial proof of income (foreign currencies, of course) will be happy with further devaluation of their monies... But I thought the requirement for retirement visa is 800 000 baht. A stronger Baht will mean more foreign currency isn't it? Do they accept a fixed amount in dollars? I thought that the amount is the equivalent of 800K at the time of application. Link to comment Share on other sites More sharing options...
Ramen087 Posted November 7, 2017 Share Posted November 7, 2017 On 9/30/2017 at 7:41 PM, SheungWan said: Not necessarily and not if it is regularly applied to make up for poor productivity and inferior product. ...regardless, export driven economies always want their product to be offered at the most attractive price point, and currency rates have meaningful effects on that dynamic... Link to comment Share on other sites More sharing options...
SheungWan Posted November 9, 2017 Share Posted November 9, 2017 On 11/7/2017 at 11:22 AM, Ramen087 said: ...regardless, export driven economies always want their product to be offered at the most attractive price point, and currency rates have meaningful effects on that dynamic... No. not regardless, except for those who have but a shallow understanding of economics. Link to comment Share on other sites More sharing options...
Ramen087 Posted November 12, 2017 Share Posted November 12, 2017 On 11/9/2017 at 10:54 PM, SheungWan said: No. not regardless, except for those who have but a shallow understanding of economics. Your best retort is a personal insult. Speaks volumes. . Link to comment Share on other sites More sharing options...
David Walden Posted January 7, 2018 Share Posted January 7, 2018 (edited) On 4/18/2017 at 12:56 PM, gamini said: pretty ignorant post. You obviously know nothing about exchange rates. They are controlled by market forces, not by the government. You wanna bet the Australian Government insisted 4 years ago that they were going to reduce the value of the Australian dollar from 104 US cents to about 75 cents US, it said it would help the mining and farming industry, increase domestic manufacturing, make overseas holiday dearer and boost domestic holiday activity, so by your comment it must be a miracle that that is just what happened? It's up a little today 78 US cents to Aus dollar. Oh well these thing do happen? Facts are just amazing hey what!!! Edited January 7, 2018 by David Walden Link to comment Share on other sites More sharing options...
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