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Kaperoni says banks have been asked to sell dinar at 1200 to reduce the spread
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Kaperoni says banks have been asked to sell dinar at 1200 to reduce the spread
Kaperoni
...guru BBG has stated the market rate is 1200 and in compliance with the IMF 2% requirement for transition to Article VIII. That is false.
The CBI has asked state banks and some private banks to sell dinar at 1200 in an attempt to reduce the spread.
echnically, this idea should help reduce the market rate within compliance, but currently the market rate is still out of compliance at or about 1247 or so.
I believe 1247 is around 9-12% which is still not in compliance with the guidelines of Article VIII.
Last edited by Ponee on Thu Jun 29, 2017 8:52 pm; edited 1 time in total
Ponee- Admin
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Re: Kaperoni says banks have been asked to sell dinar at 1200 to reduce the spread
Look out Kaperoni! Them is fightin' words LOL! :yes:...guru BBG has stated the market rate is 1200 and in compliance with the IMF 2% requirement for transition to Article VIII. That is false.
roxy22222222- GURU HUNTER
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Re: Kaperoni says banks have been asked to sell dinar at 1200 to reduce the spread
Kaperoni wrote:I believe 1247 is around 9-12% which is still not in compliance with the guidelines of Article VIII.
Regardless if the guidelines, learn how math works! is it 9 or 12?
The CBI has a rate posted and if the market is at 1,247 then that's just over 5%
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RamblerNash- GURU HUNTER
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