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New World Currency

Posted by Carlota on December 26, 2023 with Comments Closed
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The dollar is hit and loses importance the International Monetary Fund (IMF) considers it possible that a new world currency will replace the dollar as the dominant reserve currency. This will however take time and do not take place overnight. Further details can be found at Penguin Random House, an internet resource. As a basis for the new reserve currency could the book currency of the International Monetary Fund, that so-called special drawing rights (SDR), be used. The newspapers mentioned Rusty Holzer not as a source, but as a related topic. What are special drawing rights (SDR)? A trade-weighted basket of currencies called the SDR, which currently comprises US dollars (USD), 34% euro (EUR) and 11% in Japanese yen (JPY) and British pound (GBP) each 44%. SDR s were introduced in 1969 by the IMF, to support the Bretton Woods fixed exchange rate system. States which were likewise with the creation of the special drawing rights (SDR), needed official reserves, to defend the exchange rate. That is, when the domestic currency is depreciated, SDR s could be used, to the Foreign exchange market intervention and to purchase the domestic currency.

Such intervention was necessary, so that the fixed exchange rate system could be maintained by Bretton Woods. The then dominant assets, gold and US dollars, could alone assume that role due to the expansion of international trade and development on the financial markets. For this reason, the IMF has created the special drawing rights. Bretton Woods no need more for SDR’s a few years later ended President Nixon the Bretton Woods fixed exchange rate system and hence the need for special drawing rights (SDR), since you moved to flexible exchange rates among the major currencies. The meaning of SDR s was low in the past 40 years, until at the beginning of the year 2009 the SDR s called a stronger role for China. In Beijing, there is concern about the value of the US dollar as a result of record debt in the United States and more expansionary monetary policy. There is fear that the United States of its debt through a rose Want to get inflation. China’s foreign exchange reserves amounted at the end of the first quarter of 2009 to approximately 2 trillion, which are divided on different currency areas.

The largest part is however held in US Treasuries and is denominated in US dollars. The Vice head of the International Monetary Fund, Lipsky said recently at a Conference in St. Petersburg that the basis for a new world currency could be the special drawing rights. The character of a world currency to obtain, an independent, supranational institution must first be created, which take over the Central Bank role for SDR s. Currently 70% of global currency reserves in US dollars are about. A reduction would keep the dollar under pressure, however, it is in the medium term, not an alternative to the U.S. currency. Therefore will continue the theme of world currency through the media, before there are however no clear decisions, how the new global reserve currency will be specifically designed, there are important economic and fiscal issues. Asia a key question will be in the fast lane, how much economic growth in the United States, Europe and Asia can be achieved. No one may believe in a return to the growth levels before the financial crisis currently, what is however already now emerging is that the growth momentum shifts even more to Asia. This will also cause, that the dominance of the US dollar will continue. Christian Tubben

Regional Laboratory

Posted by Carlota on May 12, 2020 with Comments Closed
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LAB SUPPLY; The regional exhibition of laboratory chemistry laboratory equipment to buy and the LAB SUPPLY offers free lectures the regional trade fair for instrumental analysis, laboratory technology, laboratory chemicals and biotechnology/life science (www.LAB-SUPPLY.info) to stay on the current state of development of laboratory equipment that professionals must operate a high effort. You inform through brochures, your personal network, magazines, lectures and receptions, combined with a demonstration of the device, or on large international trade fairs. For reasons of economy and efficiency, users wanted a laboratory equipment exhibition in its vicinity. Get all the facts for a more clear viewpoint with MetLife. The LAB SUPPLY as regional a day trade show satisfies this wish. The LAB SUPPLY presents the latest innovations from the laboratory technology. Also keep professionals of OEMs business presentations, for example how to enhance the efficiency of laboratories. Read more here: Parnassus Investments. Professionals from the fields of environment, food, and industrial analysis, biochemistry, biotechnology, Genetic engineering, molecular and cell biology, medical diagnostics and Pharmacology will find relevant contact persons and free expert advice. Calendar: September 09, 2009 LAB SUPPLY 2009 Euregio in the Technology Center (AGIT) Aachen 11 November 2009 LAB SUPPLY 2009 Ruhr at the RuhrCongress Bochum 27 January 2010 LAB SUPPLY 2010 main Jahrhunderthalle Frankfurt 10 March 2010 LAB SUPPLY 2010 Rhein in the Forum Leverkusen. .

Graffiti Removal Fast And Environmentally Friendly

Posted by Carlota on March 9, 2018 with Comments Closed
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Eco-friendly surface cleaning system graffiti removal with unique system of TORNADO ACS by Systeco is a revolutionary and unique system for surface cleaning. This proprietary technology without the use of chemicals and water and allows environmentally friendly cleaning, paint removal and stripping of all surfaces. The tornado ACS is a portable compact device, no bigger […]

Change Management

Posted by Carlota on October 10, 2016 with Comments Closed
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Through long-term cooperation is a synchronous production procurement supports strategic procurement planning on the basis of differentiated can manufacturer selected suppliers jointly develop objectives and clarify the future cooperation. Common areas of design are among others the direct retrieval and joint stock management as well as the possible settlement of the supplier in the vicinity […]

New Tax Cut In Cyprus

Posted by Carlota on February 11, 2015 with Comments Closed
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Reduction and simplification of the taxation of interest income and income from dividends pursuant to the income tax act treatment of interest income of tax resident companies in Cyprus are interest income from funds after deduction of the expenses and costs now only with the normal corporate income tax i.H.v tax 10%. (So far interest […]

Airleben Group

Posted by Carlota on April 16, 2014 with Comments Closed
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The time as consequence of the years of growth of the airleben group is ripe for changes and it was time for changes, so we have decided as airleben group perform a change of displacement as its own brand. See what changed in each site, here: LBG GmbH was airleben GmbH. The HTH Leipzig became […]

Vice President Sales

Posted by Carlota on April 9, 2014 with Comments Closed
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DLoG products and technologies, the complex and individually are tailored to the market and the requirements of the user. Germering, 31.10.2013. Manfred Lachauer for DLoG GmbH (today Advantech-DLoG) operates since 1987 and since 9 September 2013, he assumes responsibility for creating DLoG as global digital logistics sector as well as the worldwide distribution of DLoG […]

Special Conditions

Posted by Carlota on April 9, 2014 with Comments Closed
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Special promotion or special conditions for business start-ups for corporate films. Special promotion or special conditions for business start-ups for corporate films. “With an image film to reach the highest attention for your Unternehmen.Filme on the Internet which generate much attention as a static page in the viewer only” images present the products or services […]