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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Haim R. Branisteanu who wrote (55529)	9/27/2009 1:13:20 PM
From: elmatador	Read Replies (1) \| Respond to of 217894

Westerners want to keep the fire burning in Afghanistan because of the strategy of Iran is winning and once they win the "crazy" iranians are going to laugh all the way to the bank for decades to come.

To: Haim R. Branisteanu who wrote (55529)	10/2/2009 1:24:19 PM
From: elmatador	Respond to of 217894

Angola loosens kwanza peg, offers more dollars "Oil prices in the market are recovering and with them the balance of our fiscal and external accounts is being restored," Angola's Economy Minister Manuel Nunes Junior said at a banking conference on Friday. Oil prices plunged from record highs near $150 a barrel in July 2008 to less than a third of that level at the end of the year as the global economic downturn hit demand. They have since recovered to hover around $70 a barrel on Friday. Angola is also expected to receive an International Monetary Fund loan estimated at around $900 million next month, which has helped restore confidence in the local currency. A collapse in Angola's reserves earlier this year had eroded confidence in the kwanza, forcing the central bank to devalue the currency by 4 percent to 78 to the dollar in April. With its reserves down sharply due to a drop in oil prices and exports last year, the bank then imposed an unofficial peg at that level and limited the daily sale of dollars to local banks to about 10 percent of demand. "The direction of the kwanza in the future will depend on the amount of dollars the central bank continues to offer," the banking source said. The central bank had also reduced the number of dollar auctions to three a week -- Monday, Wednesday and Friday -- from five but was expected to sell more dollars each time, the source added.