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Business / Re: Football (+Other Sports) Betting Season 10 by obioraval(m): 7:23pm On Nov 20, 2016
whosoever that put this handicap game, i look up to you for another.

b934zqtprwqaw-211073
Politics / Re: IMT: "Institute of Madness And Torture". Atiku is Next President - Peter Obi by obioraval(m): 11:08pm On Nov 16, 2016
Let's see how it gpes
Sports / Re: 2018 World Cup Qualifiers: Nigeria Vs Algeria - Who Is Your Man Of The March? by obioraval(m): 7:19pm On Nov 12, 2016
Victor Moses.



QED

7 Likes 4 Shares

Jobs/Vacancies / Re: Dangote Refinery Is Recruiting, Closes On 15th August by obioraval(m): 3:46pm On Oct 15, 2016
lobito007:
As I attempted the questions today, they were screaming "efrebor! efrebor!" Question hard like olumo rock, con still get negative marking. Dem wan kii pesin.

As in eh.
Business / Re: How To Make $1,000/month Writing And Researching Online by obioraval(m): 6:20am On Oct 06, 2016
topsquino:
We still need more academic writers. Please if you've not written any academic writing before, please don't contact us. Here is our email ID if you are interested: topsquino (at) gmail (dot) com
Sent you a mail. I'm Engineering inclined.
Properties / Re: Lands For Sale At Oba, Anambra State by obioraval(m): 5:51am On Oct 06, 2016
Oga
Business / Re: For Nairabet Customers And Agents: Free Bets, Bonuses, Questions Etc by obioraval(m): 6:13pm On Oct 05, 2016
I did not see any Bonus. Site isn't responsive
Career / Re: How To Become A Nse, Coren Registered Engineer In Nigeria by obioraval(m): 5:26am On Jul 19, 2016
vansledge:
pls guy can sum1 help me on this
1. a graduate of Elect/Elect
2. not practicing Elect/Elect but practicing welding inspection
3. can i write my report on inspection?
thanks

Yes you can.
Science/Technology / Re: Ishola Babatunde Isaac Builds Robots At Home (photos) by obioraval(m): 2:56pm On Jul 18, 2016
The guy is a robotics hobbyist. I. Impressed I must say. There are guys like this littered all over this country. I've come across them; doing solid robotics research. Just that no one bloody cares in this country.

@Proffemi, you are one of the few good lecturers we have in this country from merely reading your posts, I can tell you are a doer.
Romance / Re: Teddy Skitt 'After Sex Video & Photo', Says Her Man "Made Her Night" by obioraval(m): 4:37am On Jun 30, 2016
Imo State girl. I'm not surprised. It's in the blood.
Certification And Training Adverts / Re: All Autodesk Products 2020 Versions Available. by obioraval(m): 9:05pm On Jun 26, 2016
Hello, do you have Solidworks 2014 and Autodesk design suite 2015
Business / Re: How To Make $1,000/month Writing And Researching Online by obioraval(m): 5:34am On Jun 16, 2016
Olaryeankarh:


Hi, Is this still open?
Yea. Send me a pm. Urgent
Romance / Re: See The Reasons She Won't Date Me (screenshots Attached) by obioraval(m): 2:44pm On Jun 15, 2016
Go and date Oluchi @op

1 Like

Business / Re: How To Make $1,000/month Writing And Researching Online by obioraval(m): 10:56am On Jun 11, 2016
Please, is there anyone here who can design a robotic arm using CAD in 3D.. reply urgently heeded
Education / Re: Is It Fair For Non-indigenes Of A State To Pay Higher School Fees? by obioraval(m): 12:17pm On May 16, 2016
Justdulla:
OP sharaap there joor,even in america, indigenes of a state are given preferential treatment over non indigenes...you Nigerians just make me sick you want everything to be either cheap or free what nonsense mentality...if you cant cope drop out and put your SSCE to use...u want cheap quality education indeed.....why not go to your state where ur an indigene and school there

You and all those who liked your post just exhibited how illiterate you lot are. Do you understand the basis for being an indigent of a state in the US before you start blabbing and comparing to Nigeria.
Go research more on what it means to be an out of state student in the US, then come back let's talk and relate it to Nigeria.

1 Like

Education / Re: Students Of Imo State University Protest Over Closure Of School By Strike by obioraval(m): 2:52pm On May 13, 2016
Aftermath of Free Education

5 Likes

Politics / Re: Aje Oil Field Lagos With Pixs by obioraval(m): 6:57am On May 09, 2016
On an Early Monday Morning, see what Nigerian youths are fighting about. Igbos and Yorubas are the problem of the south.

3 Likes 1 Share

Business / Re: Dangote Group Sponsors Nigerians To India To Understudy Refinery Operations by obioraval(m): 3:05pm On Apr 30, 2016
i must commend Dangote and the Dangote Group. this is what our leaders should be investing upon and not building hotels. As for the Tribalists on here, it's a pity you guys are really stuck with ignorance. keep on being tribalistic while the liberal ones get the jobs and go for the trainings and update themselves.
Education / Re: Thread For PHD Students by obioraval(m): 6:18am On Apr 24, 2016
Sent
jeebz:

Bro, abeg shoot me that paper. jibols@yahoo.com
Jobs/Vacancies / Re: See Ds Interesting Thread I Saw On Twitter,Shows Reality Of Life As A JobSeeker by obioraval(m): 9:12pm On Apr 18, 2016
The sacrifice we make today is for a better tomorrow.
Career / Re: Project Management Professional (PMP) Lectures Will Be Going On Here...join Now by obioraval(m): 8:21am On Apr 18, 2016
Interested.
Career / Re: PLC Automation Easter Training Promo With Free HSE Training And Certification by obioraval(m): 8:16am On Apr 18, 2016
Please what school in India. I sent you a pm. Would really love details.
drucee21:
Sincerely ur package no get weight . Wats the name and make of plc to be studied. all you mentioned are theory based no pratical. I did my automation training in india for 4 months so i know what am saying .
Business / Re: Tax Paying Scare: 362,000 New Tax Registrations Done In Nigeria by obioraval(m): 6:51am On Apr 18, 2016
Ok.


Next
Business / IMF Approves Reserve-currency Status For China's Yuan by obioraval(m): 9:21am On Apr 17, 2016

The IMF will add the yuan to its basket of reserve currencies, an international stamp of approval of the strides China has made integrating into a global economic system dominated for decades by the U.S., Europe and Japan.

The International Monetary Fund’s executive board, which represents the fund’s 188 member nations, decided the yuan meets the standard of being “freely usable” and will join the dollar, euro, pound and yen in its Special Drawing Rights basket, the organization said Monday in a statement. Approval was expected after IMF Managing Director Christine Lagarde announced Nov. 13 that her staff recommended inclusion, a position she supported.

It’s the first change in the SDR’s currency composition since 1999, when the euro replaced the deutsche mark and French franc. It’s also a milestone in a decades-long ascent toward international credibility for the yuan, which was created after World War II and for years could be used only domestically in the Communist-controlled nation. The IMF reviews the composition of the basket every five years and rejected the yuan during the last review, in 2010, saying it didn’t meet the necessary criteria.

“The renminbi’s inclusion in the SDR is a clear indication of the reforms that
have been implemented and will continue to be implemented and is a clear,
stronger representation of the global economy,” Lagarde said Monday during a press briefing at the IMF’s headquarters in Washington. Renminbi is the currency’s official name and means “the people’s currency” in Mandarin; yuan is the unit.

The Chinese Yuan’s Journey to Global Reserve Status: A Timeline

The addition will take effect Oct. 1, 2016, with the yuan having a 10.92 percent weighting in the basket, the IMF said. Weightings will be 41.73 percent for the dollar, 30.93 percent for the euro, 8.33 percent for the yen and 8.09 percent for the British pound. The dollar currently accounts for 41.9 percent of the basket, while the euro accounts for 37.4 percent, the pound 11.3 percent and the yen 9.4 percent.

The yuan weakened in offshore trading Tuesday amid speculation China’s central bank will rein in intervention now that the IMF vote on reserve-currency status is out of the way. The long-term goal is for very few interventions, People’s Bank of China Deputy Governor Yi Gang said at a briefing, adding that bigger two-way fluctuations are normal.

In a preliminary report in July, IMF staff estimated the yuan would have a weight of about 14 percent to 16 percent. The weighting will affect the interest countries pay when they borrow from the IMF. It may also affect the scale of inflows the Chinese currency receives in the coming months.
Monetary System

The decision establishes the yuan as a fixture in the very international monetary system Chinese leaders criticized following the global financial crisis. In a landmark 2009 speech, PBOC Governor Zhou Xiaochuan argued a global system so reliant on a single currency -- the U.S. dollar -- was inherently prone to shocks. That conviction set off a global push by China’s leaders, including now-President Xi Jinping, to have the yuan included in the SDR, which countries can use to supplement their currency reserves.

The IMF staff recommendation was based on increasing international use and trading of the yuan, policy reforms that allow yuan to be used smoothly in SDR operations, and steps by China to step up data disclosure, the fund said. A more detailed staff report will be released later Monday or Tuesday, IMF officials said.

“It’s a big win for Beijing as they look to bolster their image and to get the respect they think they deserve,” said Timothy Adams, president of the Institute of International Finance and a former U.S. Treasury undersecretary.

QuickTake The Peoples' Currency

The IMF endorsement is a bright spot in what has been a tumultuous year for the world’s second-biggest economy, which has been buffeted by slowing growth, a tumbling stock market and a shift by authorities toward a more market-oriented exchange rate.

The IMF’s decision is a “win-win” for both China and the world and acknowledges China’s achievements in economic development and reform, the PBOC said in a statement on its website. The U.S. supported the fund’s staff recommendation to add the yuan, the Treasury Department said in an e-mailed statement without elaborating.

Approval is unlikely to have much impact on short-term demand for the yuan, given the SDR’s minor share of global reserves, according to economists at banks including HSBC Holdings Plc and ING Groep NV.

Adams said that rising demand may be “evolutionary” and “a process that will likely be pronounced.”

The decision should boost efforts by Xi to open up China’s financial markets. China implemented a series of reforms to win IMF support, such as opening its onshore bond and currency markets to foreign central banks and reporting its reserves to the IMF.
G-20 Host

The question is whether China, which will host meetings of the Group of 20 economies next year, will try to leverage the IMF’s support to pursue broader changes to the global monetary system. In his 2009 speech, Zhou suggested the IMF expand the use of the SDR to tap its potential as a "super-sovereign reserve currency."

The IMF’s move may also spur political blowback in the U.S., where Republican lawmakers have blocked efforts to expand the voting shares of China and other emerging-market economies at the fund. Senator Bob Casey, a Pennsylvania Democrat, said in an e-mailed statement that the decision “validates China’s history of cheating on its currency,” a history that’s hurt jobs and wages in his state.

The Washington-based fund created the SDR in 1969 to boost global liquidity. Under the Bretton Woods system of fixed exchange rates, countries pegged their currencies to the U.S. dollar. But for nations to increase their dollar reserves, the U.S. would have to run persistent current-account deficits, threatening the value of the greenback.

The SDR addressed this dilemma by serving as a supplementary reserve asset to augment countries’ gold and dollar holdings. While the SDR isn’t technically a currency, it gives IMF member countries who hold it the right to obtain any of the currencies in the basket to meet balance-of-payments needs.


Source: http://www.bloomberg.com/news/articles/2015-11-30/imf-backs-yuan-in-reserve-currency-club-after-rejection-in-2010

Was Buhari's trip strategic or what.

1 Like

Education / Re: Please Help Me With My Final Year Project by obioraval(m): 5:04am On Apr 16, 2016
Yea
Bukiminaj:


Which one is research gate,, is it a website?
Education / Re: 172 Make First Class At Unimaid 22nd -25th Combined Convocation by obioraval(m): 6:43am On Apr 15, 2016
Cjai
Dating And Meet-up Zone / Re: Anambrarian Let's Meet! by obioraval(m): 11:27am On Apr 14, 2016
egedem:
na so one love...... Drop ur contact na

Pm me bro

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