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.

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- Your signature/name/username at the end (If you wish to remain anonymous then you don't need to provide one.)

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Send your entry and speak out today!

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Featured Post

Restored Republic via a GCR: Update as of Dec. 11, 2017

Restored Republic via a GCR Update as of Dec. 11 2017 Compiled 12:01 am EDT 11 Dec. 2017 by Judy Byington, MSW, LCSW, ret, CEO, Child Abus...

Wednesday, May 24, 2017

China: Belt and Road to Tap Local Currencies

Belt and Road to tap local currencies, says PBOC's deputy governor

ANN@The China Post Friday, May 12, 2017, 12:19 am TWN



Belt and Road projects are encouraged to use local currencies in investment and finance to cut problems associated with exchange rate fluctuations, said Yi Gang, deputy governor of the People's Bank of China (PBOC).

By using local currencies, countries along the routes can tap into domestic savings and ensure financial stability, he told People's Daily in an interview on Thursday.

China aims to provide a platform for financial connectivity where participants can share profits and risks, Yi said.

"Although infrastructural projects along the routes tend to have a longer investment horizon, most are commercially profitable. The financial institutions operate under market rules," the deputy governor was quoted as saying.

Yi echoed remarks made by central bank governor Zhou Xiaochuan last week in promoting usage of local currencies.

Such suggestion comes as nations along the Belt and Road are closer knitted than ever through financial cooperation. According to data by the PBOC, nine Chinese banks have set up subsidiaries in 25 countries along the routes, while 54 commercial banks from 20 countries have established theirs in China by the end of last year.

China has signed currency swap agreements with 21 countries along the Belt and Road, six of which have RQFII (RMB Qualified Foreign Institutional Investors) quota.

Direct currency trade and settlement can lower exchange rate risk and make investments more convenient, Yi said. "Financial cooperation will enable China and countries along the routes to open and integrate further in a broader scope."


Source: China Post

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