KTFA, Lynette Zang and Bix Weir Friday PM 10-4-19


Samson:  Russia is betting on China and gold

2nd October, 2019

The share of yuan-denominated assets rose to 14.2 percent of Russia's international reserves, which recently reached $532 billion, according to data from the Russian Central Bank for the end of March.

The data indicates that Russian investment in Chinese assets increased by 8.7% this year, accompanied by the growth of the yen's share in Russia's international reserves from 1.7% to 10.2%.

Meanwhile, the dollar's share of Russia's reserves fell from 43.7% in April 2018 to just 23.6%.

Over the past two years, Russia has tended to reduce the dollar's share of its international reserves, due to Washington's sanctions policy.

The share of gold in reserves approached the 20% equivalent to about $ 109.5 billion. Last year, Russia topped the list of gold buyers in the world, buying 274.3 tons of gold. LINK


Samson: Russian central bank cuts the dollar in reserves
2nd October, 2019

The Russian central bank has reduced the dollar reserve ratio in Russia's international reserves by about two times - up to 23.6% by March 31, while raising the level of reserves in other currencies, such as the euro and the yuan.

According to the Bulletin of the Central Bank of Russia on the management of shares in foreign currencies and gold published today, that the level of reserves in euros rose by the end of March by 30.3 percent compared with the same period last year, and the proportion of gold - from 17.2 percent to 18.2 percent, and the yuan rate from 5 percent Up to 14.2 percent.

Russia's international reserves (gold and foreign exchange) represent highly liquid foreign assets held by the Central Bank and the Russian government. Reserves consist of cash gold, special drawing rights, reserves in the IMF and foreign exchange (other reserve assets).   LINK


Samson:  Foreign banks join Russian Swift

4th October, 2019
According to Mehr News Agency quoted Sputnik, Ala Bakyna, director of payment systems the National Bank of Russia, said eight foreign bank taxation system Aspyafas were connected to 3 of these connections are fully operational and five other banks in Technical preparations are now needed. 

Following the Ukraine crisis of 2009, when Western countries attempted to block Russia's access to the Swift payment system, Russia created its own payment network, called the Financial Message Transfer System, or SPFS.  

Speaking at the Banking and Retail Summit in Moscow, Bakina said: "We have created the opportunity for foreign banks and financial institutions to connect to the SPF system." Today, the system has about 5 users, including 3 foreign banks.  "The foreign banks are already users of the system and are fully operational, while another 9 are undergoing technical steps to connect to the network," he explained. These banks are from the Eurasian Economic Union. 

The SPFS network now accounts for 5% of Suef's traffic within Russia, while in year 2 it was 2% to 4%. 

Last month, Yuri Oshakov, an aide to the Russian president, said Iran was a Russian partner and the two countries were trying to connect Russian SPFS to the Iranian alternative to Swift.    LINK

Lynette Zang:  What You Didn't Know About Gold Laws

Oct 2, 2019


[5-Min News] SLOWDOWN OR RECESSION? What Are the Markets Telling Us?

Lynette Zang:  Oct 3, 2019


Silver/Gold Slammed by Riggers as Bitcoin Readies for 2x October Move?! (Bix Weir)

RoadtoRoota:  Oct 4, 2019

Watching the Silver and Gold Riggers perform their "Operations" over the years has been mind numbing! Same old song over and over and over again. Hang tight...They will get theirs in the END!


Economics, KTFADinar Recaps 20