Currency Report - Day 555 - Threats to the KPW and GBP
Day 555, 09:19
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Published in USA 
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by
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by Enoch Root
Reports From Around The World
Sweden may be facing a possible diamond shortage. There is no internal diamond production, and few importers. The two major parties in Sweden now are protectionist, and are trying to push higher import tax regulations through Congress. This is a set up for some serious price gouging.
Sweden is also facing the shut down of several of it's older grain companies since Sweden took Schleswig-Holstein, which has a high grain region. The usual steep rise in weapons prices during war has been dampened by the government giving out weapons to the citizens during the last elections, and by the national munitions company controlled through one of their National Orgs, Försvarsmakten, which was described as "a price-dumping institution in an already troubled business sector" by a Swedish citizen.
In China - Minimum wage was reduced to 2 CNY after some turn around in the economy. Recently passed food import taxes have brought the food market back up a bit. Many Chinese Grain GMs are purchasing very low priced grain in order to try to bring the price back up to a sustainable level, and are turning a small profit doing so.
Also, 2209 CNY was transferred to the Reserve Bank of China as an anti-TO precaution, meaning we shouldn't see this reach the MM.
The Canadian government is making the necessary arrangements to stabilize the CAD, and 25,000 CAD is to be transferred to the accounts of the Canadian Ministry of Finance.
Austria may be lowering their import taxes to 20%, and there was voting yesterday to lower the minimum wage to 2 ATS.
Two scams to report today:
North Korean Congressmen may have been tricked into giving away 60,000 KPW. In an attempt to steal the money which was to go to a National Org, a bill was proposed to donate to a phony Org. The Org was soon permabanned for this, but the proposal still stands.
In retaliation to some of the UK's recent policies, the UK's treasury is being held hostage by a "patriot and ex MoF who was dissatisfied with the british government". The government is trying to print off more GPB to compensate, but we may see some very high volitity in the GBP in the meantime. The threat of a GPB crash must be recognized here.
Thank you Sarah Calvin, Gerasene Legion, Heliosa, Kyoto Tokugawa, and John Sykes for their reports, and bwochinski for the template.
Today's Movers
The Chilean government lowered their offer to 0.016, pinning the currency there until they move the offer.
The GPB is too risky right now to bother with. With the government possibly about to release tons of GBP, this could drop significantly.
The JPY is coming off of a spike. This is a sell, and we will see it drop several points today from this level.
The RSD dropped to 0.008 for a while yesterday, but was brought back up by this morning. The Serbian Government is doing their best to bring the value of the RSD up, but people continuously undercut it. I ask that any investors reading this: Please refrain from placing offers on the market at 0.008. The value of the RSD will rise in a few days if we give the Serbians a chance to repair it, but if we persist in holding the RSD down, the Serbian's economy will be held down as well, making a situation where the RSD won't even be able to hold 0.008 after a while.
The SGD dropped several points yesterday after reaching a peak at 0.02. This should bottom out soon, and we may see this pick up today.
The UAH is coming off of a spike, similar to the JPY. This is a sell if you have any. I suppose that after the Ukrainian Orgs removed their offers there was too much buying pressure to hold the UAH down at the 0.011 or 0.012 area.
The ZAR is holding at 0.007. While South Africa is no more, there is hope from the South Africans. The Reserve Bank, holding much of their gold and ZAR, was kept out of the hands of the TO agents. This gives the South Africans a bit of force behind them, as they have access to funds for their resistance, and will not have to rely solely on the charity of friendly nations. Best of luck to the South Africans.
Currency / Current Value / Change / %
ARS / 0.012 / -0.001 / -7.69%
ATS / 0.009 / +0
AUD / 0.024 / +0.001 / +4.35%
BAM / 0.025 / +0
BEF / 0.014 / +0
BGN / 0.010 / +0
BRL / 0.030 / -0
CAD / 0.034 / +0
CHF / 0.015 / -0
CLP / 0.016 / -0.001 / -5.88%
CNY / 0.013 / -0.001 / -7.14%
CZK / 0.007 / -0.001 / -12.5%
DEM / 0.015 / +0.001 / +7.14%
DKK / 0.022 / +0
EEK / 0.020 / +0
ESP / 0.033 / +0
FIM / 0.021 / -0.005 / -19.23%
FRF / 0.021 / +0.002 / +10.5%
GBP / 0.030 / +0
GRD / 0.006 / +0
HRK / 0.020 / -0
HUF / 0.022 / +0
IDR / 0.036 / +0
IEP / 0.012 / -0
INR / 0.010 / -0.001 / -9.09%
IRR / 0.028 / +0
ITL / 0.025 / -0.001 / -3.85%
JPY / 0.035 / +0.007 / +25.0%
KPW / 0.017 / +0
KRW / 0.008 / -0
LTL / 0.021 / +0
LVL / 0.006 / -0
MDL / 0.010 / -0.001 / -9.09%
MXN / 0.009 / +0
MYR / 0.007 / +0
NIS / 0.020 / +0
NLG / 0.014 / -0.001 / -6.67%
NOK / 0.012 / -0
PHP / 0.020 / +0
PKR / 0.006 / -0
PLN / 0.020 / +0
PTE / 0.008 / +0
RON / 0.017 / +0
RSD / 0.009 / +0
RUB / 0.015 / +0
SEK / 0.026 / +0
SGD / 0.017 / -0.003 / -15.0%%
SIT / 0.012 / +0
SKK / 0.010 / +0
THB / 0.011 / -0
TRY / 0.009 / -0.001 / -10.0%
UAH / 0.034 / +0.023 / +209.1%
USD / 0.020 / +0
VEB / 0.011 / -0.001 / -8.33%
ZAR / 0.007 / -0
Money and Women
Today's girl is Russian. The RUB made some nice moves this week, and I just sold the last of it 3 points higher than where I bought it
I'd appreciate any feedback. Also, if anyone wants to contribute about currency trends, possible
future value changes, or any other currency investment related info, I would be more than happy
to include you in the paper with full credit.
Sweden may be facing a possible diamond shortage. There is no internal diamond production, and few importers. The two major parties in Sweden now are protectionist, and are trying to push higher import tax regulations through Congress. This is a set up for some serious price gouging.
Sweden is also facing the shut down of several of it's older grain companies since Sweden took Schleswig-Holstein, which has a high grain region. The usual steep rise in weapons prices during war has been dampened by the government giving out weapons to the citizens during the last elections, and by the national munitions company controlled through one of their National Orgs, Försvarsmakten, which was described as "a price-dumping institution in an already troubled business sector" by a Swedish citizen.
In China - Minimum wage was reduced to 2 CNY after some turn around in the economy. Recently passed food import taxes have brought the food market back up a bit. Many Chinese Grain GMs are purchasing very low priced grain in order to try to bring the price back up to a sustainable level, and are turning a small profit doing so.
Also, 2209 CNY was transferred to the Reserve Bank of China as an anti-TO precaution, meaning we shouldn't see this reach the MM.
The Canadian government is making the necessary arrangements to stabilize the CAD, and 25,000 CAD is to be transferred to the accounts of the Canadian Ministry of Finance.
Austria may be lowering their import taxes to 20%, and there was voting yesterday to lower the minimum wage to 2 ATS.
Two scams to report today:
North Korean Congressmen may have been tricked into giving away 60,000 KPW. In an attempt to steal the money which was to go to a National Org, a bill was proposed to donate to a phony Org. The Org was soon permabanned for this, but the proposal still stands.
In retaliation to some of the UK's recent policies, the UK's treasury is being held hostage by a "patriot and ex MoF who was dissatisfied with the british government". The government is trying to print off more GPB to compensate, but we may see some very high volitity in the GBP in the meantime. The threat of a GPB crash must be recognized here.
Thank you Sarah Calvin, Gerasene Legion, Heliosa, Kyoto Tokugawa, and John Sykes for their reports, and bwochinski for the template.
Today's Movers
The Chilean government lowered their offer to 0.016, pinning the currency there until they move the offer.
The GPB is too risky right now to bother with. With the government possibly about to release tons of GBP, this could drop significantly.
The JPY is coming off of a spike. This is a sell, and we will see it drop several points today from this level.
The RSD dropped to 0.008 for a while yesterday, but was brought back up by this morning. The Serbian Government is doing their best to bring the value of the RSD up, but people continuously undercut it. I ask that any investors reading this: Please refrain from placing offers on the market at 0.008. The value of the RSD will rise in a few days if we give the Serbians a chance to repair it, but if we persist in holding the RSD down, the Serbian's economy will be held down as well, making a situation where the RSD won't even be able to hold 0.008 after a while.
The SGD dropped several points yesterday after reaching a peak at 0.02. This should bottom out soon, and we may see this pick up today.
The UAH is coming off of a spike, similar to the JPY. This is a sell if you have any. I suppose that after the Ukrainian Orgs removed their offers there was too much buying pressure to hold the UAH down at the 0.011 or 0.012 area.
The ZAR is holding at 0.007. While South Africa is no more, there is hope from the South Africans. The Reserve Bank, holding much of their gold and ZAR, was kept out of the hands of the TO agents. This gives the South Africans a bit of force behind them, as they have access to funds for their resistance, and will not have to rely solely on the charity of friendly nations. Best of luck to the South Africans.
Currency / Current Value / Change / %
ARS / 0.012 / -0.001 / -7.69%
ATS / 0.009 / +0
AUD / 0.024 / +0.001 / +4.35%
BAM / 0.025 / +0
BEF / 0.014 / +0
BGN / 0.010 / +0
BRL / 0.030 / -0
CAD / 0.034 / +0
CHF / 0.015 / -0
CLP / 0.016 / -0.001 / -5.88%
CNY / 0.013 / -0.001 / -7.14%
CZK / 0.007 / -0.001 / -12.5%
DEM / 0.015 / +0.001 / +7.14%
DKK / 0.022 / +0
EEK / 0.020 / +0
ESP / 0.033 / +0
FIM / 0.021 / -0.005 / -19.23%
FRF / 0.021 / +0.002 / +10.5%
GBP / 0.030 / +0
GRD / 0.006 / +0
HRK / 0.020 / -0
HUF / 0.022 / +0
IDR / 0.036 / +0
IEP / 0.012 / -0
INR / 0.010 / -0.001 / -9.09%
IRR / 0.028 / +0
ITL / 0.025 / -0.001 / -3.85%
JPY / 0.035 / +0.007 / +25.0%
KPW / 0.017 / +0
KRW / 0.008 / -0
LTL / 0.021 / +0
LVL / 0.006 / -0
MDL / 0.010 / -0.001 / -9.09%
MXN / 0.009 / +0
MYR / 0.007 / +0
NIS / 0.020 / +0
NLG / 0.014 / -0.001 / -6.67%
NOK / 0.012 / -0
PHP / 0.020 / +0
PKR / 0.006 / -0
PLN / 0.020 / +0
PTE / 0.008 / +0
RON / 0.017 / +0
RSD / 0.009 / +0
RUB / 0.015 / +0
SEK / 0.026 / +0
SGD / 0.017 / -0.003 / -15.0%%
SIT / 0.012 / +0
SKK / 0.010 / +0
THB / 0.011 / -0
TRY / 0.009 / -0.001 / -10.0%
UAH / 0.034 / +0.023 / +209.1%
USD / 0.020 / +0
VEB / 0.011 / -0.001 / -8.33%
ZAR / 0.007 / -0
Money and Women
Today's girl is Russian. The RUB made some nice moves this week, and I just sold the last of it 3 points higher than where I bought it
🙂
I'd appreciate any feedback. Also, if anyone wants to contribute about currency trends, possible
future value changes, or any other currency investment related info, I would be more than happy
to include you in the paper with full credit.
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Comments
what currency do you recomend i invest in?
Good to hear the Serbs are trying to strengthen their currency. I sold in at .01, and then the market dropped out.
I must correct the newspiece. Swedish import tax on diamonds remains low, at 0%. Grain income tax was increased greatly by parliament, up to 50&. Food prices have remained stable meanwhile.
An FBS (nationalist) congressmember stated that Sweden would continue to work with attracting international diamond suppliers with it's low import tax. Other industries are not exempt, and will remain protected from international competition by high import taxes.
Sarah Calvin, eInvest reporter
Thanks Sarah
No thanks for Books!? Jk
Enoch for supreme overlord of the MM!
If a Stock Market ever gets started on eRep, I nominate you for chair too.
Nah Big Brother is the man behind an eRep Stock market, I'd just manipulate it 😃
Voted! 😃
Very nice article as always.Voted, subscried from the day 1🙂
I need to add about UAH.
WOOOW didnt see that comin' xD.
Disqusting 🙂
Seriously. There was like, 30,000 UAH in government offers up at 0.013 and 0.012 like two days ago.
Probably since Podolia was returned to Ukraine, the addition of a High Iron Region would contribute significantly. I only wish I had bought some before the RW.
I like your daily girls 😉
Nice article , voted and subscribed
Vote!
invest in ATS
"In retaliation to some of the UK's recent policies, the UK's treasury is being held hostage by a "patriot and ex MoF who was dissatisfied with the british government". The government is trying to print off more GPB to compensate, but we may see some very high volitity in the GBP in the meantime. The threat of a GPB crash must be recognized here."
One, learn that it's 'GBP' Great British Pound or £.
Two, the former Minister or Finance returned the money two days before this article.
Three, the issuing of this money is to get the pound to between 36 and 38 per gold and 1 GBP = 0.028.
I've subscribed to this newspaper a while, but seeing this has dissatisfied me with your correspondents.