Daily Dispatches

By Luke Hunt
Voice of America, Washington
Sunday, March 7, 2021

PHNOM PENH, Cambodia -- The National Bank of Cambodia, the country's central bank, is aiming to reduce the country's dependence on the U.S. dollar with the introduction of digital currencies and the phasing out of small-denomination U.S. currency -- $1, $2, and $5 bills -- in favor of the local currency, the riel.

10:40a ET Monday, March 7, 2021

Dear Friend of GATA and Gold:

Bullion banks massively covered short gold futures positions last week as hedge funds sold most of their long positions, GoldMoney research director Alasdair Macleod tells King World News. He says the banks likely will continue covering shorts this week. 

Macleod adds that Federal Reserve banking rules seem to be about to force banks to impose negative interest rates on their biggest customers.

Macleod's comments are posted in text along with an audio interview at KWN here:

11:28a ET Friday, March 5, 2021

Dear Friend of GATA and Gold:

Starting at 6 p.m. U.S. Eastern time today, GATA's internet site will undergo maintenance and updating. The site may be inaccessible until Monday morning and dispatches likely will cease until then. Your secretary/treasurer still should be reachable by e-mail. Please forgive any inconvenience.

By Simon Lewis and Humeyra Pamuk
Reuters
Thursday, March 4, 2021

WASHINGTON -- Myanmar's military rulers attempted to move about $1 billion held at the Federal Reserve Bank of New York days after seizing power on Feb. 1, prompting U.S. officials to put a freeze on the funds, according to three people familiar with the matter, including one U.S. government official.