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Kaperoini believes the CBI is taking steps to raise the value (before June).
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Kaperoini believes the CBI is taking steps to raise the value (before June).
2-11-2014 Newshound Guru Kaperoni Article: "Central bank: direct a number of banks funded their accounts open for the purposes of currency auction" https://www.dinardaily.net/t31352-central-bank-direct-a-number-of-banks-funded-their-accounts-open-for-the-purposes-of-currency-auction#203116
The fact that the banking system is now operating on "open market" operations is huge. IMO it means the CBI is taking steps to raise the value (before June). The auction numbers will be a thing of the past because now that all banks have $250m in capital they are now funding the foreign currency needs.
READ THE ARTICLE HERE https://www.dinardaily.net/t31352-central-bank-direct-a-number-of-banks-funded-their-accounts-open-for-the-purposes-of-currency-auction#203116
The fact that the banking system is now operating on "open market" operations is huge. IMO it means the CBI is taking steps to raise the value (before June). The auction numbers will be a thing of the past because now that all banks have $250m in capital they are now funding the foreign currency needs.
READ THE ARTICLE HERE https://www.dinardaily.net/t31352-central-bank-direct-a-number-of-banks-funded-their-accounts-open-for-the-purposes-of-currency-auction#203116
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