TETELESTAI Notification List

The TETELESTAI (It is finished) email which will contain the first 800#'s will be posted first on a private page and will be sent out to everyone subscribed to the private page's feed.

If you wish to subscribe to the private page's feed, please visit the TETELESTAI page located HERE and access the private page.

If you're having trouble please give me an email at TetelestaiDC@gmail.com

(Note: The TETELESTAI post is the official "Go" for redemption/exchange.)

Guest Posting & Responding Now Available

Dinar Chronicles is now allowing viewers to guest post and respond to articles. If you wish to respond or speak your mind and write a post/article or about the current situation relating to Iraq, the RV, the GCR and so on. You may now send in an entry.

All you need to do is send your entry to UniversalOm432Hz@gmail.com with these following rules.

The subject line of your email should be: "Entry | (Title of your post) | Dinar Chronicles"

- Proper grammar
- Solely write intel, rumors, news, thoughts, messages regarding Dinarland, Iraq, the RV, the GCR, NESARA/GESARA, the Republic, Spirituality, Ascension and anything that is relating
- Your signature/name/username at the end (If you wish to remain anonymous then you don't need to provide one.)

If you have any questions or wish to communicate with us then please give us an email at UniversalOm432Hz@gmail.com

Send your entry and speak out today!

Follow Dinar Chronicles by Email

Featured Post

Restored Republic via a GCR as of Dec. 15, 2017

Restored Republic via a GCR Update as of Dec. 15 2017 Compiled 12:01 am EDT 15 Dec. 2017 by Judy Byington, MSW, LCSW, ret, CEO, Child Abus...

Monday, September 26, 2016

Bank of China in NY has been Designed to Handle RMB

Bank of China’s New York branch picked as yuan clearing bank in the US

Wednesday, 21 September, 2016, 11:15am

Bank of China Ltd’s New York branch has been designed as the first clearing bank in the US for handling renminbi transactions, part of the Chinese government’s move to expand the worldwide infrastructure for making the yuan a global currency.

The bank, China’s largest overseas lender, is the biggest beneficiary of the yuan’s aspiration as global currency, receiving 11 yuan-clearing mandates outside the mainland.

US banks are also welcomed to apply to be clearing banks for transactions in renminbi, Chinese Premier Li Keqiang said during a dinner hosted by the Economic Club of New York held in the city.

“We also welcome banks in New York that meet the requirements to become a clearing bank for renminbi,” Li said. “I’m sure that will further boost our cooperation.”

The yuan is scheduled to become the fifth currency to be included in the International Monetary Fund’s basket of Special Drawing Rights (SDRs) on October 1.

China’s government considers the SDR inclusion as a major vindication of its economic policies and a milestone in the internationalisation of the yuan.

To ensure a smooth inclusion in the SDR, the People’s Bank of China has raised the borrowing cost in Hong Kong -- the word’s leading offshore market for trading the yuan -- to an eight-month high this week, making it more costly for traders to bet against the Chinese currency.

The move underscores the Chinese central bank’s resolve to hold the yuan steady against major currencies during Li’s New York visit, and ahead of its SDR inclusion.

Li addressed US concerns about China manipulating its currency, saying there was no basis for continued yuan depreciation and that China would not use devaluation of its currency to boost exports.

The Industrial & Commercial Bank of China Ltd. is the yuan clearing bank in Doha, Luxembourg, Singapore and Toronto. China Construction Bank serves as the yuan clearance lender in London and Zurich while the Bank of Communications serves Seoul.

He also touched on the progress on the US-China bilateral investment treaty (BIT) as he said China had put in strong effort by putting forward revised offers three times over the last two years.

“We are now waiting for a response from the US,” Li said, as the two countries are now engaged in the 29th round of BIT negotiations.

“As long as both sides hold a pragmatic and flexible attitude, I’m sure we will be able to reach a high standard and mutually beneficial BIT.”

This article appeared in the South China Morning Post print edition as:
BOC named first yuan clearing bank in u.s.

Source

Reactions:

Disclamer:

We are in compliance with, "Copyright Disclaimer Under Section 107 of the Copyright Act 1976, allowance is made for "fair use" for purposes such as criticism, comment, news reporting, teaching, scholarship, and research. Fair use is a use permitted by copyright statute that might otherwise be infringing. Non-profit, educational or personal use tips the balance in favor of fair use."

All rights reserved go to their respective holders. We do not own the intellectual property shown on this website, the respective holders own that privilege unless stated otherwise.

We do not endorse any opinions expressed on the Dinar Chronicles website. We do not support, represent or guarantee the completeness, truthfulness, accuracy, or reliability of any content or communications posted on Dinar Chronicles.

Dinar Chronicles is not a registered investment adviser, broker dealer, banker or currency dealer and as such, no information on the website should be construed as investment advice. We do not intend to and are not providing financial, legal, tax, political or any other advice to any reader of the website. This website is...Read More