Wednesday, January 29, 2014



Eagle1:the GCR actually did begin its process on Sunday, a process specifically sanctioned and implemented with the cooperation and help of the IMF. Two of the major currencies that we've been watching -- namely, the IQD and the VND -- were among the first to revalue.

Eagle1: Sure enough, even though we had seen a total of 104 currencies finish the revaluing process by Monday night, it was made abundantly clear that we would not get to see the new rates until the process completed. With 104 currencies having finished the process, that left 94 yet to go. I do not know what time the actual process began, but what has been said is that the IMF gave a 72-hour window for all 198 currencies to undergo the process of change, after which the new rates would be released to the world.‏

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