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TLAR Update
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TLAR Update
by Ponee Tue Nov 26, 2013 9:30 am
11-26-2013
Newshound Guru Tlar
The CBI had a feasibility study done in 2008. The purpose of this study was...to determine value. The results are...based on the exchange rate at the time they did very little from todays rate. They recommended that the CBI "open" their currency at 1.13 dinars to the US dollar which was based on the then rate. That was dropping three zeros as an event. The findings were that the CBI could support the dinar at that level. The also recommended that the CBI maintain and support that level for 3 years until the market accepted the new rate, and then let it float.
Today the CBI has many more times reserves that they had in 2008 and they have less currency in the streets...They are better prepared technically and financially to support dropping 3 zeros today than they were in 2008. I believe they have made a change to the plan because conditions on the ground have changed. I believe after a stage rate the will elect to by pass the recommended hold for three years that the study said to do and go straight to a free float.
I believe...the dinar at any level up to a dollar is well justified and there for sure is still room to grow. In opening the currency to the world it is my opinion that in order to create demand instantly that the CBI will have to open at a staged rate. This solves all the problems internally for the country...allowing the CBI to introduce an uncounterfeitable currency and to begin de-dollarization immediately.
Newshound Guru Tlar
The CBI had a feasibility study done in 2008. The purpose of this study was...to determine value. The results are...based on the exchange rate at the time they did very little from todays rate. They recommended that the CBI "open" their currency at 1.13 dinars to the US dollar which was based on the then rate. That was dropping three zeros as an event. The findings were that the CBI could support the dinar at that level. The also recommended that the CBI maintain and support that level for 3 years until the market accepted the new rate, and then let it float.
Today the CBI has many more times reserves that they had in 2008 and they have less currency in the streets...They are better prepared technically and financially to support dropping 3 zeros today than they were in 2008. I believe they have made a change to the plan because conditions on the ground have changed. I believe after a stage rate the will elect to by pass the recommended hold for three years that the study said to do and go straight to a free float.
I believe...the dinar at any level up to a dollar is well justified and there for sure is still room to grow. In opening the currency to the world it is my opinion that in order to create demand instantly that the CBI will have to open at a staged rate. This solves all the problems internally for the country...allowing the CBI to introduce an uncounterfeitable currency and to begin de-dollarization immediately.
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