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Guru Enorrste believes this will roll out within the next 30 to 60 days
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Guru Enorrste believes this will roll out within the next 30 to 60 days
by Ponee Sat Jan 31, 2015 12:53 pm
Guru Enorrste It is my firm belief that the CBI is being forced to move ahead with the float specifically because the lower oil prices have essentially "hamstrung" them.
Quote: "monetary policy is constrained in tackling the current shock." It is clear to me that the CBI is moving forward faster than ever now because it believes that it HAS to do so because of the financial crisis from lower oil revenues. The only solution is to open market operations so that foreign investment can come in and reduce the "shock" referred to in this article. The float will allow the investment to flow in quickly. From the CBI point of view, the faster the better. I still believe...that we will see this roll out within the next 30 to 60 days. [Guru Kaperoni] also agreed, with the caveat that the laws still need to get passed. He is correct. And, IMO, they will.
Quote: "monetary policy is constrained in tackling the current shock." It is clear to me that the CBI is moving forward faster than ever now because it believes that it HAS to do so because of the financial crisis from lower oil revenues. The only solution is to open market operations so that foreign investment can come in and reduce the "shock" referred to in this article. The float will allow the investment to flow in quickly. From the CBI point of view, the faster the better. I still believe...that we will see this roll out within the next 30 to 60 days. [Guru Kaperoni] also agreed, with the caveat that the laws still need to get passed. He is correct. And, IMO, they will.
Last edited by Ponee on Sat Jan 31, 2015 4:39 pm; edited 1 time in total
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Re: Guru Enorrste believes this will roll out within the next 30 to 60 days
by Kevind53 Sat Jan 31, 2015 4:26 pm
IF they move to a float it will be because they can no longer maintain the value of the Dinar. IF we see that happen, you can expect to see the value drop, at least initially. Until oil prices recover at least to their budgeted rate, I do not think they can maintain the current rate, whether fixed or float.
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