IMF urges currency basket peg

[Chaka]

IMF urges currency basket peg
The IMF has suggested that the GCC should peg its proposed common currency to a basket of world currencies rather than just the US dollar, to allow for more flexibility. It cited changing patterns in global trade and Europe's gaining prominence as GCC's trade partner as reasons for the suggestion.


article is year old but must not be ruled out in my opinion as a possibility

[Chaka]

The Other Side of USD Weakness
The weakness in the US dollar has already sprung some surprises in 2005. Kuwait announced a revaluation in the value of its currency against the US dollar, whilst the Egyptian pound is amongst the best performing currencies so far this year.

http://web.ask.com/redir?bpg=http%3a%2f%2fweb.ask.com%2fweb%3fq%3dhow %2bdid%2bkuwait%2bcurrency%2bpeg%26o%3d0%26page%3d 1&q=how+did+kuwait+currency+peg&u=http%3a%2f%2ftm.wc.ask.com%2fr%3ft%3dan%26s%3da% 26uid%3d021223A404BFDED14%26sid%3d16BE63A404BFDED1 4%26qid%3dEF4D9DEF429A004488BA0E0964DC4E0B%26io%3d 2%26sv%3dza5cb0d72%26o%3d0%26ask%3dhow%2bdid%2bkuw ait%2bcurrency%2bpeg%26uip%3d18758016%26en%3dte%26 eo%3d-100%26pt%3dThe%2bOther%2bSide%2bof%2bUSD%2bWeaknes s%26ac%3d23%26qs%3d16%26pg%3d1%26ep%3d1%26te_par%3 d176%26te_id%3d%26u%3dhttp%3a%2f%2fwww.ameinfo.com %2fnews%2fDetailed%2f51551.html&s=a&bu=http%3a%2f%2fwww.ameinfo.com%2fnews%2fDetailed% 2f51551.html&qte=0&o=0&abs=Elsewhere%2c+Kuwait+revalued+its+currency+peg+ against+the+USD+at+the+weekend+by+0.92%25+to+0.292 .+Although+the+new+peg+remains+well+within+the...&tit=The+Other+Side+of+USD+Weakness&bin=&cat=wp&purl=http%3a%2f%2ftm.wc.ask.com%2fi%2fb.html%3ft%3 dan%26s%3da%26uid%3d021223A404BFDED14%26sid%3d16BE 63A404BFDED14%26qid%3dEF4D9DEF429A004488BA0E0964DC 4E0B%26io%3d%26sv%3dza5cb0d72%26o%3d0%26ask%3dhow% 2bdid%2bkuwait%2bcurrency%2bpeg%26uip%3d18758016%2 6en%3dbm%26eo%3d-100%26pt%3d%26ac%3d24%26qs%3d16%26pg%3d1%26u%3dhtt p%3a%2f%2fmyjeeves.ask.com%2faction%2fsnip&Complete=1

[Chaka]

CURRENCY FORECAST: ultimately in BI.C’s view, a much higher standard of living for the Iraqis will take hold and corresponding stronger exchange valuation for the NID. The short term may continue to be difficult as exchange valuations for the NID will be determined by the level of terrorist insurgencies versus the speed of successful redevelopment. BI.C is very optimistic and bullish for the long term outlook for Iraq and its new currency. The challenge for the new government will be to provide stability, peace, growth and then prosperity may follow. The short term outlook will determine Iraq’s political & domestic stability. Further, higher world oil prices over the last 3 years will help to provide hard currency earnings for rebuilding as new oil Iraqi oil production comes online.

http://www.bankintroductions.com/iraq.html


good article but dated july 7, 2004

[Mucho Dinaro]

That article is so sweet, you'd think they were trying to sell ya somethin'. :happy64:

[cowpoke]

A lil bump for old time sake..
Things are on track BOYS and GIRLS!!:)

[Stout Hearted Man]

A lil bump for old time sake..
Things are on track BOYS and GIRLS!!:)


I think your right. :wink:

[TerryTate]

Yep. And they keep saying there is no plan, when its all right there in black and white....

:smirk:

[carlos]

Thanks Chaka for the information! It's all good news. It's reassuring that the pieces of the puzzle are falling into place and the dinar is moving forward!
Carlos

[SEABEE CAN-DO]

Thanks Chaka for the information! It's all good news. It's reassuring that the pieces of the puzzle are falling into place and the dinar is moving forward!
Carlos

Even if it is 3 years old.:wondering:

[LakewayDaze!]

Isn't it amazing what you find when using the SEARCH feature??

Good Job! :rock: