More News, Rumors and Opinions Thursday Night 8-27-2020
TNT:
Mriles: Great bank story on OM ….a person who lives in WA went into a small local bank. While there some lady in the back of the bank was waving at hi to get his attention. When she pulled down her mask he recognized her as a lady that used to work at Wells Fargo.
He went over to talk with her and she says she was very excited.
He asked her if it was what they had talked about in the past that she didn’t believe in and she said yes. She said that she found out it was true so she quit WF (after being there for 35 Yrs.) so she could buy currency.
She came to work at this little bank until the RV…. which she said is happening this week…. That’s why she was so excited.
KTFA:
Samson: The Arab Monetary Fund Issues A Dictionary Of Terms Of Payment And Settlement Systems
26th August, 2020
The Arab Monetary Fund, in cooperation with the Arab Committee for Payment and Settlement Systems, issued a "Dictionary of Payment and Settlement Systems Terms".
The dictionary contains about (551) terms related to payment and settlement systems, which contribute to enhancing the awareness of the Arab public.
In this regard, in light of the rapid development in the financial infrastructure systems industry, the importance of educating the Arab public in terms of payment and settlement is important, as more attention is needed in this regard. There is no doubt that raising awareness enhances the efficiency and safety of procedures, processes, settlement of payments and money transfer, which is reflected in the soundness and effectiveness of the performance of the financial and banking sector in particular, and macroeconomic activity in general.
The Director General and Chairman of the Board of Directors of the Arab Monetary Fund, Abd al-Rahman bin Abdullah Al-Hamidi, said that the issuance of the “Dictionary of Payment and Settlement Systems Terms” comes to confirm that improving the efficiency of financial infrastructure systems contributes to enhancing financial stability as well as enhancing the efficiency of access to financial services and financial inclusion.
He pointed to the increasing interest shown by the governors of central banks and Arab monetary institutions in the work of committees and working groups emanating from the Board of Governors, and the prominent role it plays as a platform for dialogue, knowledge transfer and exchange of experiences and expertise among Arab countries.
A copy of the dictionary can be viewed via the following link: LINK
https://www.amf.org.ae/en/content/glossary-of-payment-and-settlement-systems-terms
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Fed's Jerome Powell discusses monetary policy at the Jackson Hole Economic Symposium
August 27, 2020
Federal Reserve Chairman Jerome Powell is expected to unveil broadly the Fed's new strategy on inflation as the central bank's annual economic symposium, known as Jackson Hole, gets underway virtually today.
Disclaimer: The first 5 minutes of Powell's remarks are not visible.
Vietnam Dong News 08/27/20 - More International business for Vietnam
Pimpy’s Investment chat: Aug 27, 2020