Wednesday, May 15, 2013

What is the reset taking place on world currencies?

What is the reset taking place on world currencies?
What is the reset taking place on world currencies?

The world currencies now have to be valued based on the IMF formula. This formula includes factors such as natural resources, manufacturing capabilities, farming, technology, and stock piles of precious metals. This formula is now being implemented which will facilitate the alignment of world currencies. We are seeing the start of global currency re-set.

What is Basel III?

Base III is the formal agreement between countries that delineates the following: 

1. All currencies are to be asset backed. No more fiat currency or printing currency that is not backed by a physical asset. For example, the the Federal Reserve Note were based upon thin air (fractional banking) until now.  

2.  All banking systems will be based on assets so no more fractional banking.  The money a bank has to loan is backed by hard assets.

3. All financial transaction will have transparency unlike the central bank system under the Federal Reserve Board where financial transactions/deals were done behind closed doors. No longer can a bank use depositor’s funds to back up trades for other purposes.

NOTECurrencies normally move only .05% in a day. These currencies below made 1% or more in one day - May 14, 2013.

(*) PYG - The Paraguayan Guarani is the currency of Paraguay. Our currency rankings show that the most popular Paraguay Guarani exchange rate is the USD to PYG rate. The currency code for Guarani is PYG, and the currency symbol is Gs. Below, you'll find Paraguayan Guarani rates and a currency converter. You can also subscribe to our currency newsletters with daily rates and analysis, read Paraguayan Guarani News, or take PYG rates on the go with our XE Currency Apps and website.
http://www.xe.com/cu...aguayan-guarani

(*) RSD - The Serbian Dinar is the currency of Serbia. Our currency rankings show that the most popular Serbia Dinar exchange rate is the RSD to EUR rate. The currency code for Dinars is RSD, and the currency symbol is РСД. Below, you'll find Serbian Dinar rates and a currency converter. You can also subscribe to our currency newsletters with daily rates and analysis, read Serbian Dinar News, or take RSD rates on the go with our XE Currency Apps and website.
http://www.xe.com/cu...d-serbian-dinar

(*)AMD - The Armenian Dram is the currency of Armenia. Our currency rankings show that the most popular Armenia Dram exchange rate is the AMD to USD rate. The currency code for Drams is AMD. Below, you'll find Armenian Dram rates and a currency converter. You can also subscribe to our currency newsletters with daily rates and analysis, read Armenian Dram News, or take AMD rates on the go with our XE Currency Apps and website.
http://www.xe.com/cu...d-armenian-dram

(*) ILS - The Israeli Shekel is the currency of Israel. Our currency rankings show that the most popular Israel Shekel exchange rate is the ILS to USD rate. The currency code for New Shekels is ILS, and the currency symbol is ₪. Below, you'll find Israeli Shekel rates and a currency converter. You can also subscribe to our currency newsletters with daily rates and analysis, read Israeli Shekel News, or take ILS rates on the go with our XE Currency Apps and website.
http://www.xe.com/cu...-israeli-shekel

(*) ERN - The Eritrean Nakfa is the currency of Eritrea. Our currency rankings show that the most popular Eritrea Nakfa exchange rate is the ERN to USD rate. The currency code for Nakfa is ERN. Below, you'll find Eritrean Nakfa rates and a currency converter. You can also subscribe to our currency newsletters with daily rates and analysis, read Eritrean Nakfa News, or take ERN rates on the go with our XE Currency Apps and website.
http://www.xe.com/cu...-eritrean-nakfa

(*) SYP - The Syrian Pound is the currency of Syria. Our currency rankings show that the most popular Syria Pound exchange rate is the USD to SYP rate. The currency code for Pounds is SYP, and the currency symbol is £. Below, you'll find Syrian Pound rates and a currency converter. You can also subscribe to our currency newsletters with daily rates and analysis, read Syrian Pound News, or take SYP rates on the go with our XE Currency Apps and website.
http://www.xe.com/cu...yp-syrian-pound

(*) RWF - The Rwandan Franc is the currency of Rwanda. Our currency rankings show that the most popular Rwanda Franc exchange rate is the RWF to USD rate. The currency code for Francs is RWF. Below, you'll find Rwandan Franc rates and a currency converter. You can also subscribe to our currency newsletters with daily rates and analysis, read Rwandan Franc News, or take RWF rates on the go with our XE Currency Apps and website.
http://www.xe.com/cu...f-rwandan-franc

(*) SCR - The Seychellois Rupee is the currency of Seychelles. Our currency rankings show that the most popular Seychelles Rupee exchange rate is the SCR to EUR rate. The currency code for Rupees is SCR, and the currency symbol is ₨. Below, you'll find Seychellois Rupee rates and a currency converter. You can also subscribe to our currency newsletters with daily rates and analysis, read Seychellois Rupee News, or take SCR rates on the go with our XE Currency Apps and website.
http://www.xe.com/cu...ychellois-rupee

(*) CHF - The Swiss Franc is the currency of Switzerland. Our currency rankings show that the most popular Switzerland Franc exchange rate is the EUR to CHF rate. The currency code for Francs is CHF, and the currency symbol is CHF. Below, you'll find Swiss Franc rates and a currency converu can al can also subscribe to our currency newsletters with daily rates and analysis, read Swiss Franc News, or take CHF rates on the go with our XE Currency Apps and website.
http://www.xe.com/cu...chf-swiss-franc

(*) ISK - The Icelandic Krona is the currency of Iceland. Our currency rankings show that the most popular Iceland Krona exchange rate is the EUR to ISK rate. The currency code for Kronur is ISK, and the currency symbol is kr. Below, you'll find Icelandic Krona rates and a currency converter. You can also subscribe to our currency newsletters with daily rates and analysis, read Icelandic Krona News, or take ISK rates on the go with our XE Currency Apps and website.
http://www.xe.com/cu...icelandic-krona

(*) SEK - The Swedish Krona is the currency of Sweden. Our currency rankings show that the most popular Sweden Krona exchange rate is the SEK to EUR rate. The currency code for Kronor is SEK, and the currency symbol is kr. Below, you'll find Swedish Krona rates and a currency converter. You can also subscribe to our currency newsletters with daily rates and analysis, read Swedish Krona News, or take SEK rates on the go with our XE Currency Apps and website.
http://www.xe.com/cu...k-swedish-krona

(*) NIO - The Nicaraguan Cordoba is the currency of Nicaragua. Our currency rankings show that the most popular Nicaragua Cordoba exchange rate is the NIO to USD rate. The currency code for Cordobas is NIO, and the currency symbol is C$. Below, you'll find Nicaraguan Cordoba rates and a currency converter. You can also subscribe to our currency newsletters with daily rates and analysis, read Nicaraguan Cordoba News, or take NIO rates on the go with our XE Currency Apps and website.
http://www.xe.com/cu...araguan-cordoba

(*) MMK - The Burmese Kyat is the currency of Myanmar (Burma). Our currency rankings show that the most popular Myanmar (Burma) Kyat exchange rate is the MMK to USD rate. The currency code for Kyats is MMK, and the currency symbol is K. Below, you'll find Burmese Kyat rates and a currency converter. You can also subscribe to our currency newsletters with daily rates and analysis, read Burmese Kyat News, or take MMK rates on the go with our XE Currency Apps and website.

(think) Notice: The MMK rates listed on XE.com are the official exchange rates. The black market MMK rates may vary significantly.
http://www.xe.com/cu...mk-burmese-kyat   




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