Discover and read the best of Twitter Threads about #SCPA
Most recents (2)
#USDCNH dropped ~250pip 6.4100 to 6.3850 yday on prospect of Saudi Arabia SA receiving oil payment from China in #CNY instead of #USD
▪️ Pricing Ccy is different from Invoice/Settlement Ccy - SA can receive CNY but oil may still be priced in $$
1/5
wsj.com/articles/saudi…
▪️ Pricing Ccy is different from Invoice/Settlement Ccy - SA can receive CNY but oil may still be priced in $$
1/5
wsj.com/articles/saudi…
▪️ China oil imports from SA ~$45bn pa, ~1.75 mbpd
▪️ What can SA do with CNY received
1. Pay in CNY for Chinese imports/services
2. Diversify FX Reserves into CNY away from USD
2a. Invest back into China onshore say CGBs
+ve for CNY internationalization
[SAMA FXReserves $420bn]
▪️ What can SA do with CNY received
1. Pay in CNY for Chinese imports/services
2. Diversify FX Reserves into CNY away from USD
2a. Invest back into China onshore say CGBs
+ve for CNY internationalization
[SAMA FXReserves $420bn]
A year ago, my driver came to me with a request to help find his 15yo nephew, missing from a madrassah in Shikarpur called Sibghatul-Quran. The family was quite distraught, he said, as it had been 3 weeks since the boy had disappeared and there was no news of the boy. A thread. 1
Triggr warning: this story is about sexual & physical abuse of a minor & how the state, school and the child's guardians are complicit in the crimes. It is also a story of how there is no one and no system to protect any vulnerable child. @NCRC_Pakistan
This is S's story: 2
This is S's story: 2
S, who had been studying hifz at the madrassa, had complained to his grandmother of being sexually abused by his qari. She wanted to meet him and the madrassah officials to discuss but was dissuaded by her family members, more concerned with the employment of S's two uncles. 3
