More News, Rumors and Opinions Wednesday Afternoon 3-25-2020
KTFA:
RMF: Iran Has Far More Coronavirus Cases Than It Is Letting On
The surprising number of Iranian government officials succumbing to COVID-19 offers a hint that the disease is far more widespread than the official statistics indicate.
He explains in several different ways that Iran probably has millions infected. IMO it is a worthwhile read.
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DELTA: ARAB MONETARY FUND ANNOUNCE THE INCLUSION OF THE EGYPTIAN POUND AS A SETTLEMENT CURRENCY USED IN THE "STRUCTURES" PLATFORM FOR ARAB PAYMENTS
2020-03-23
In line with the announcement of the launch of the Buna regional payment platform affiliated to the Arab Monetary Fund (AMF), and as central and commercial banks commence the on boarding process to join the Buna platform, AMF in collaboration with the Central Bank of Egypt is pleased to announce the inclusion of the Egyptian Pound (EGP) in Buna for the clearing and settlement of payments, alongside the U.S. Dollars, the Euro, the Jordanian Dinar, the Saudi Riyal, the UAE Dirham, and the Bahraini Dinar, as well as other Arab and international currencies to be announced soon.
Buna is a multi-currency payment platform that clears and settles cross-border payments in eligible Arab and international currencies across the Arab region and beyond, with links to to major trade partners.
Samson: Learn about the true corona transmission through banknotes
25th March, 2020
With the outbreak of the "Covid-19" epidemic and its spread in most countries of the world today, many people still believe that contaminated banknotes may transmit the new Corona virus, which prompted them to abandon the use of these funds or even wash them as a backup
Earlier, global fears of carrying the banknotes arose, fearing the transmission of the virus that killed more than 17,000 people and infected about 400,000 others around the world. International companies, according to news reports, refused to accept banknotes, and some even Countries have gone so far as to urge their citizens to stop using banknotes altogether
For example, after the outbreak of the "Covid-19" epidemic, the OpenBox Corporation, a non-profit library in Chicago, sent an email to customers asking individuals not to use cash, and a chain of restaurants in Washington state stopped Accept currency
Delivery services such as "Grabahb" and "Dor Dash" and others established "offline" deliveries and stopped offering cash as an option to pay
To make matters worse, scientific research published early in the aftermath of the outbreak concluded that the virus could survive on cardboard for up to 24 hours and up to 3 days on plastics and stainless steel, however, researchers did not test whether He can live on banknotes
Little risk
Experts believe that cash payment carries the risk of transmission of the new Corona virus, but the risk from cash so far is minimal compared to other methods of transmission, but public officials and health experts said that the risk of transmission of the virus from one person to another through the use of banknotes is minimal
Experts in the public health sector also stressed that the presence of live particles of the virus on banknotes does not mean that they pose a health hazard, noting that it is unlikely that the virus particles will return to the air or turn into a spray once on the surface
Julie Fischer, professor at the Center for Global Community Science and Society at Georgetown University, stressed that the absence of the deadly virus effects on the paper dollar is not impossible, but she made clear that handwashing would provide adequate protection for the banknote holder
In addition, various media outlets have reported from the US Federal Reserve that it has made efforts to ensure that cash supplies are not contaminated
A spokesman for the Federal Reserve told Reuters that the banking system began to isolate the dollar that was traded in Asia and Europe before recycling, as regional Federal Reserve banks put the effective currency for a period of 7 to 10 days as a precaution
The Bank of England, for its part, admitted that banknotes "can carry bacteria or viruses" and urged people to wash their hands regularly
This comes after China and South Korea began in February to cleanse and isolate used banknotes as part of their efforts to stop the spread of the virus, and the South Korean Central Bank withdrew all banknotes from circulation for two weeks, in some cases burning paper money
Officials use ultraviolet radiation or high temperatures to sterilize banknotes, and put them back into circulation only after being closed and stored for up to 14 days
Who's the truth
On March 2, the British newspaper The Telegraph published the news that the World Health Organization "hinted" that contaminated banknotes may spread the new Corona virus, and that the UN called on people to use non-cash payment methods instead
The newspaper added that the United Nations organization advised clients and customers to wash their hands after touching the banknotes because Covid-19 infection may remain on the surfaces for several days
It quoted a WHO spokesman as saying that in order to prevent the spread of the disease, people should use payment techniques without touching as much as possible
Later, the World Health Organization denied the statement, saying, "We have never said that criticism could transmit corona viruses
"We have not said that money can transmit corona viruses," WHO spokeswoman Fadela Chaib told Market Watch in an email. "Our words have been corrupted
The spokeswoman sought to clarify the comments in the article published by the British Telegraph newspaper, and said, "The World Health Organization has not said that the banknotes are transferred as Cofid-19, and we have not issued any warnings or statements about this
"We were asked if we believed that banknotes could transmit the new corona virus, and we said that you should wash your hands after dealing with the money, especially if you eat," she added, adding that doing so is "a good hygiene exercise LINK
Courtesy of Dinar Guru
Frank26 ...a currency swap was actually recently done with the Central Bank of Iraq and banks of the United States of America and other banks all around the world. This process is long. They've been working on it for a long time. Over a year. I thought they'd be ready this past January. No, they failed again and maybe it was because of the political B.S. of Iran. But we got that taken care of - stability and security. And we stopped the auctions and using the American dollar. The CBI and US banks made swaps. Around the middle part of December last year...this scenario is pressure because it's leading the IQD to the point of raising the value of the currency. It's the only solution for both the CBI and the GOI to pay their bills and build Iraq...They're running out of American dollars...oil is not selling at a very good price right now putting pressure on the CBI and the GOI to raise the value...it's all pointing in one direction...
Pimpy ...I believe everything is ready to happen. They're just gonna come out and announce whatever rate change it is. They're just gonna announce it. It's gonna happen instantly. Now that doesn't mean they won't have what's called a manage rate or "dirty float" and that is they're gonna manage it because if it's too much of a shock to the economy...
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AWK News 3.25.20: The End is Near. Media Cleanse/JFK. Q
As We Know: Mar 25, 2020