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Israel adds yuan, reduces dollar and euro in 'philosophy' change for FX reserves
By Daniel Avis
Bloomberg News
Wednesday, April 20, 2022
Israel's central bank has made the biggest changes to its allocation of reserves in over a decade, adding the Chinese yuan alongside three other currencies to a stockpile that last year exceeded $200 billion for the first time ever.
Starting this year, the currency mix will expand from the trio of the U.S. dollar, the euro, and the British pound to include the Canadian and Australian dollars as well as the yen and the yuan, which is also known as the renminbi. The additions mark a change in the Bank of Israel's "whole investment guidelines and philosophy," Deputy Governor Andrew Abir said in an interview. ...
... Dispatch continues below ...
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Reyna Gold Drives 7.85 Meters of 3.95 grams per tonne
and 30.6 meters of 0.51 g/t gold, both from surface
Company Announcement
Wednesday, April 20, 2022
Reyna Gold Corp. (TSXV: REYG. OTCQB: REYGF) announces initial results from the first eight holes totaling 710 meters of its ongoing 10,000-meter drill program at its 24,215-hectares flagship La Gloria Property in Sonora, Mexico.
Reyna has achieved the two primary objectives from these holes -- extending the breccia zone at Big Pit and establishing quartz veining of grade and size at Pique Viejo. All eight holes hit gold mineralized structures in initial exploration drilling across the 160 hectares Main Zone target area. ...
"These are great initial results. We are really pleased to have hit a substantial vein at Pique Viejo with the first two drill holes there and to have hit high-grade gold from surface at Big Pit,” Reyna Gold CEO Michael Wood CEO said. "The Las Amarillas vein is a just one of many new targets the geological team has identified on our 24,215 hectares property. ..."
... For the remainder of the announcement:
https://reynagold.com/read/news-20220420
To accommodate the changes, the euro's share will fall to 20% -- the lowest in at least a decade -- from just over 30%, while the dollar will account for 61%, down from 66.5%. The pound's weighting, by contrast, will almost double to 5%, returning to a level last seen in 2011. ...
... For the remainder of the report:
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Toast to a free gold market
with great GATA-label wine
Wine carrying the label of the Gold Anti-Trust Action Committee, cases of which were awarded to three lucky donors in GATA's recent fundraising campaign, are now available for purchase by the case from Fay J Winery LLC in Texarkana, Texas. Each case has 12 bottles and the cost is $240, which includes shipping via Federal Express.
Here's what the bottles look like:
http://www.gata.org/files/GATA-4-wine-bottles.jpg
Buyers can compose their case by choosing as many as four varietals from the list here:
http://www.gata.org/files/FayJWineryVarietals.jpg
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Support GATA by purchasing
Stuart Englert's "Rigged"
"Rigged" is a concise explanation of government's currency market rigging policy and extensively credits GATA's work exposing it. Ten percent of sales proceeds are contributed to GATA. Buy a copy for $14.99 through Amazon --
-- or for an additional $3 and a penny buy an autographed copy from Englert himself by contacting him at srenglert@comcast.net.
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