August 16, 2017
Chinese currency is near a one-year high against local dollar
Investors are switching to higher yielding yuan, ING’s Pang
The big ball of money in Hong Kong is rolling to the yuan, and the local dollar is suffering. After years of underperforming, the offshore yuan is near its highest level versus the city’s currency in more than 12 months.
Post From IQDCalls Chat Room
Chat Room News Excerpts & Highlights Late Wed PM 8-16-17
Rich1: They are claiming Iraq will redenominate, then reinstate the pre-Saddam rate and then revalue. This is the most ignorant load of crap I've heard to date! A redenomination is a LOP!
Rich1: I will give y'all one guess who's claiming this. Lol
Spectra: Redenomination is the process of changing the face value of banknotes or coins used in circulating currency. It may be done because inflation has made the currency unit so small that only large denominations of the currency are circulated.
In such cases the name of the currency may change or the original name may be used with a temporary qualifier such as "new".
Emailed to Recaps:
Highlights from OkieOilMan on a Conference call, Wednesday August 16, 2017
Okie: Hello America, ships at sea and all our world wide friends….
I’m very pleased to be here…It’s been quite a ride for all of us…
If we were cowboys we would all have saddle sores.
Prayerfully, things have finally come to where we can have something to look forward to….
I have some information tonight I wish to furnish from second from the top individual….and I am only furnishing the information I receive… I do not guarantee it’s contents but I’ll share with you what I’ve been told.