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Re: Forum gossip thread by Herman

avatar_Frood

Russia's Wealth Fund is getting rid of its US dollars completely

Started by Frood, June 03, 2021, 09:00:12 PM

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Frood

And moving into increased holdings of Euros, Yuan, gold, Pounds, and other smaller ones.



 :pop:



Things are about to get really interesting...
Blahhhhhh...

Frood

Blahhhhhh...

Anonymous

Quote from: "Dinky Dazza" post_id=412563 time=1622768412 user_id=1676
And moving into increased holdings of Euros, Yuan, gold, Pounds, and other smaller ones.



 :pop:



Things are about to get really interesting...

A lot of sovereign wealth funds have diversified.

Anonymous

Quote from: Herman post_id=412589 time=1622787552 user_id=1689
Quote from: "Dinky Dazza" post_id=412563 time=1622768412 user_id=1676
And moving into increased holdings of Euros, Yuan, gold, Pounds, and other smaller ones.



 :pop:



Things are about to get really interesting...

A lot of sovereign wealth funds have diversified.

I believe Taiwan's sovereign wealth fund is mostly if not entirely US dollars.

Anonymous

Quote from: "Dinky Dazza" post_id=412563 time=1622768412 user_id=1676
And moving into increased holdings of Euros, Yuan, gold, Pounds, and other smaller ones.



 :pop:



Things are about to get really interesting...

This is an accounting trick. Despite the vast sums involved, the shift is unlikely to affect markets, since the NWF(National Welfare Fund) represents just a slice of Russia's overall $600 billion worth of international reserves. The transaction will not involve the actual sale of dollars, as it will be carried out through internal transfers and an accounting shift within the Central Bank.

Anonymous

Quote from: seoulbro post_id=412620 time=1622836790 user_id=114
Quote from: "Dinky Dazza" post_id=412563 time=1622768412 user_id=1676
And moving into increased holdings of Euros, Yuan, gold, Pounds, and other smaller ones.



 :pop:



Things are about to get really interesting...

This is an accounting trick. Despite the vast sums involved, the shift is unlikely to affect markets, since the NWF(National Welfare Fund) represents just a slice of Russia's overall $600 billion worth of international reserves. The transaction will not involve the actual sale of dollars, as it will be carried out through internal transfers and an accounting shift within the Central Bank.

I might have known......thanks Seoul.

Anonymous

Quote from: seoulbro post_id=412620 time=1622836790 user_id=114
Quote from: "Dinky Dazza" post_id=412563 time=1622768412 user_id=1676
And moving into increased holdings of Euros, Yuan, gold, Pounds, and other smaller ones.



 :pop:



Things are about to get really interesting...

This is an accounting trick. Despite the vast sums involved, the shift is unlikely to affect markets, since the NWF(National Welfare Fund) represents just a slice of Russia's overall $600 billion worth of international reserves. The transaction will not involve the actual sale of dollars, as it will be carried out through internal transfers and an accounting shift within the Central Bank.

It was just for show.

Frood

Quote from: seoulbro post_id=412620 time=1622836790 user_id=114
Quote from: "Dinky Dazza" post_id=412563 time=1622768412 user_id=1676
And moving into increased holdings of Euros, Yuan, gold, Pounds, and other smaller ones.



 :pop:



Things are about to get really interesting...

This is an accounting trick. Despite the vast sums involved, the shift is unlikely to affect markets, since the NWF(National Welfare Fund) represents just a slice of Russia's overall $600 billion worth of international reserves. The transaction will not involve the actual sale of dollars, as it will be carried out through internal transfers and an accounting shift within the Central Bank.


The NWF amounts to a third of value of the reserves.



You can view it as an accounting trick, or you could see it as the first step to totally abandon the petrol dollar and the power of US sanctions over Russia, and later all BRICS members.



Think strategically...
Blahhhhhh...

Anonymous

Quote from: seoulbro post_id=412620 time=1622836790 user_id=114
Quote from: "Dinky Dazza" post_id=412563 time=1622768412 user_id=1676
And moving into increased holdings of Euros, Yuan, gold, Pounds, and other smaller ones.



 :pop:



Things are about to get really interesting...

This is an accounting trick. Despite the vast sums involved, the shift is unlikely to affect markets, since the NWF(National Welfare Fund) represents just a slice of Russia's overall $600 billion worth of international reserves. The transaction will not involve the actual sale of dollars, as it will be carried out through internal transfers and an accounting shift within the Central Bank.

That figures.

cc

A mere fart in a windstorm that only a Putin lover / Western hater would  fall prey to
I really tried to warn y\'all in 49  .. G. Orwell

Frood

Blahhhhhh...