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Guru mike for 9/29/17
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Guru mike for 9/29/17
by roxy22222222 Fri Sep 29, 2017 9:30 pm
Article "Parliamentary Finance Committee stopped banking and financial dealings with the Kurdistan Region" Well, on the good side the rate was already 1257-1, it's only raised 18 pips. The infighting is similar to what Yemen is going through and the government decided to float the riyal... No one wants the dinar to float without Article VIII but this rift may be the catalyst to a tough decision due to shrinking reserves. It's the little people who take it on the chin with this move. But, there's only so much time left on the clock for these guys and they have get the ball moving now, not later. Hopefully the IMF/WB can negotiate some middle ground on exchange restrictions and if they float like Yemen, they'll have addressed many of the terms related to Article VIII acceptance...As always
roxy22222222- GURU HUNTER
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