This information has not yet made the financial news, but here is a heads up for all of you on the group of currencies in the first "basket of currencies" out of the 168 scheduled for revaluation or devaluation.
I'd strongly suggest that you study these currencies, know what their current value is, find out what the nation's asset base is, and make your own determination as to the feasibility of investing in them.
Time is of the essence in this -- obviously!! Two of the currencies listed are two we've talked about and are very familiar with -- the IQD and the VND., or within days What is interesting about this list is that these two currencies are obviously revaluing either at the same time of each other.
The IQD's revaluation is literally "moments away", if I can put it like that, and the Dong will follow almost immediately thereafter.
The Venezuelan Bolivar devalued this past week by something on the order of 50% against the USD. The Euro is slated for devaluation and elimination several weeks or months from now, and it will be replaced by the new German Mark (the Mark II), which will be the new currency of the European Union.
You'll notice that the USD is not among this list. The USD is going to lose value, but from all I've seen and heard, its value will drop and then gain in stages in relationship to other currencies.
One currency not on this list that I was advised was going to devalue this week is the New Zealand Dollar. I'm not sure if that was an error or not, or if it is supposed to be in the next basket, but keep an eye on the NZD.
Blessings on you. Eagle1
Total oil export volume of Iraq has been anticipated to rise by $102.63 billion this year to $149.74 billion by 2017. On the other hand, the total oil export volume of OPEC, including all its member countries, is anticipated to climb a massive figure of $1.27 trillion to $1.15 trillion during this period.
Although, except Iraq no other OPEC member countries are expected to show any positive growth in oil export, Saudi Arabia is predicted to clinch the top spot again as the global oil exporter. However, the country will experience a decrease from $334.16 billion to 296.44 billion in their oil export. Presently, Iraq ranks 6th, in the list of the oil exporters of OPEC! Iraq is expected to become the second largest oil exporter by the year of 2017, overtaking United Arab Emirates, Kuwait, Nigeria and Qatar.
According to International Energy Agency’s World Energy Outlook 2012, Iraq will be the second largest global exporter by the year of 2030, surpassing Russia. By the year of 2035, the country will occupy 45% growth of the total growth in global production.
English.news.cn 2014-02-28 18:53:44
BEIJING, Feb. 28 (Xinhuanet) -- The Chinese yuan became the seventh most used currency in January, surpassing the Swiss franc. That's according to global transaction services organization SWIFT.
The yuan now claims 1.39 percent of market share after payments increased 30.6 percent last month.
The yuan has overtaken 22 currencies during the past three years, including the Singapore and Hong Kong dollars.
The Chinese government has steadfastly promoted the yuan, notably clarifying details last week for cross-border yuan transactions in the Shanghai free trade zone.