The fate of the world's currencies in the wake of the demise of the dollar. - page 94
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And that's enough of the ruckus. As soon as signals and freelancing are converted to roubles, then the dollar is everything. But not yet :-)
But in the meantime, no :-). If you don't know anything about this, then you may forget that you are already dealing with a wide range of Forex brokerage products.
For currency trading it's the golden time - now is the time when the capital is made.
...And what's interesting is that talk of the demise of the dollar usually intensifies with every catastrophic ruble collapse. Here we are now)))
Best commentary ever! 😁
How do SDRs constrain credit issuance and indeed monetary policy in any given country? 😊😉
IMF member countries have been given a certain share of SDRs according to their shares in the fund's capital stock. SDRs only function as units of account, under certain conditions they can be converted into the national currency.
Well, they can be converted, so what?
How does that limit the issue of money?
Well, they can be converted, so what?
How does that limit the issue of money?
The IMF allocates a certain amount of SDRs to each member country in proportion to its quota in the fund. The calculation of this quota is based on the gross national product of the state.
That is, there is a country-specific limit on the amount of SDRs, and these SDRs can be converted into national currency. Technically, you can print money as much as you like without reference to SDRs, but then the agreement would be broken.
...
Amended.
This only applies to IMF member countries.
And that's enough of the ruckus. As soon as signals and freelancing are converted to roubles, then the dollar is everything. But not yet :-)
But in the meantime, no :-). If you don't know anything about this, then you may forget that you are already dealing with a wide range of Forex brokerage products.
For currency trading, it's the golden time - now is the time to make money.
There is no ruckus.
I think the Russian Federation is setting a good example to follow
to live happily ever after.
That is, from whom you buy, you pay.
left a profit for the producer.
This is normal and not difficult to understand.
The fuss comes from failure to understand the obvious
;)
So what? and how does this prevent the central bank from lending to commercial banks? or secured by securities? (google lombard list) and what does the SDR have to do with it at all? 😉
So what? and how does this prevent the central bank from lending to commercial banks? or secured by securities? (google lombard list) and what does the SDR have to do with it at all? 😉
Read above. And what does loans have to do with it. The conversation was about currency issuance. And google what SDRs are.
Read above. And this has nothing to do with loans. The talk was about issuing currency.
Well... it sounds like you need to educate yourself first, read the literature... on the issue of non-cash money, on repo, and why the refinancing rate exists...
And you will probably be surprised that even ordinary banks (not the Central Bank) do non-cash issuance within the limits of the FOR rate (google what it is)...
I see no point in discussing it further, as you do not even know the conceptual apparatus...
There is no ruckus.
It seems to me that the Russian Federation provides a good example to follow
to live happily ever after
i.e. who you buy from, pays for it
left a profit to the manufacturer.
This is normal and not difficult to understand.
The fuss comes from failure to understand the obvious
;)
Exactly, it's a capitalist conspiracy: crash the market and then buy everything cheaper 🤑