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Enorrste -- it doesn't look promising for the remainder of this year.
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Enorrste -- it doesn't look promising for the remainder of this year.
by Ponee Fri Nov 15, 2013 1:59 pm
11-15-2013
Newshound Guru Enorrste
Economic Reform Law must be passed prior to the float and this could take awhile. The bill was sent back from Parliament to the Government for revision. Parliament is out until the 17th and now is talking about taking a vacation until mid-December. In other words, it doesn't look promising for the remainder of this year.
However, the CBI is moving forward slowly with their attempts to get the spread between the market rate and the official rate under 2%. If they succeed, then they could move from Article 14 to Article 8 of the IMF charter, which would allow them to go ahead with the float of the currency, even without the passage of the Economic Reform Law. It is all a mess right now and we have to wait.
Newshound Guru Enorrste
Economic Reform Law must be passed prior to the float and this could take awhile. The bill was sent back from Parliament to the Government for revision. Parliament is out until the 17th and now is talking about taking a vacation until mid-December. In other words, it doesn't look promising for the remainder of this year.
However, the CBI is moving forward slowly with their attempts to get the spread between the market rate and the official rate under 2%. If they succeed, then they could move from Article 14 to Article 8 of the IMF charter, which would allow them to go ahead with the float of the currency, even without the passage of the Economic Reform Law. It is all a mess right now and we have to wait.
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Re: Enorrste -- it doesn't look promising for the remainder of this year.
by Jayzze Fri Nov 15, 2013 4:25 pm
this sounds like what i have said for a while. parliment is on vacation now since it was never recieved the budget in 3 days like they were ordered to.besides this many major eco bills are in the same limbo so no rv can take place. the reason is simple m made sure it was stalled until end of feb or mar then it will be closer to electios the end of apr that way m thinks the people will vote for him. you really have 2 choices believe in reality or the fairytales of the gurus
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