Rockfl9 says that an RV/RI would violate CBI LAW
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Rockfl9 says that an RV/RI would violate CBI LAW
Rockfl9 says
The CBI law sets two objectives for the bank.
1 Price Stability. ? Changing the rate would alter prices across the board and disrupt the economy. Not all to the good.
2 Improve and maintain confidence in the banking system ... This would be a good one. CBI says we' are sorry but we have been using the wrong rate all along . Here is a new one . A great trust builder .
The CBI law sets two objectives for the bank.
1 Price Stability. ? Changing the rate would alter prices across the board and disrupt the economy. Not all to the good.
2 Improve and maintain confidence in the banking system ... This would be a good one. CBI says we' are sorry but we have been using the wrong rate all along . Here is a new one . A great trust builder .
Ponee- Admin
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Re: Rockfl9 says that an RV/RI would violate CBI LAW
There is no "law" imposed by the IMF. They make agreements, not laws. If it is a revaluation, devaluation, rebase, any currency changes, it is up to the government that owns the currency.
Just today, Venezuela devalued their currency by 80%. Last week, Sudan had a 165% decrease in value.
https://www.bloomberg.com/news/articles/2018-02-05/venezuela-devalues-bolivar-more-than-80-in-currency-auction
https://www.reuters.com/article/us-sudan-economy/sudan-to-devalue-pound-currency-to-18-per-dollar-in-january-minister-idUSKBN1EK0NT
Doesn't mean there will be a change in any other currency values, just setting the record straight.
Just today, Venezuela devalued their currency by 80%. Last week, Sudan had a 165% decrease in value.
https://www.bloomberg.com/news/articles/2018-02-05/venezuela-devalues-bolivar-more-than-80-in-currency-auction
https://www.reuters.com/article/us-sudan-economy/sudan-to-devalue-pound-currency-to-18-per-dollar-in-january-minister-idUSKBN1EK0NT
Doesn't mean there will be a change in any other currency values, just setting the record straight.
realitysucks- Guest
Re: Rockfl9 says that an RV/RI would violate CBI LAW
Thank you for sharing, RealitySucks! Your input is appreciated.
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Join date : 2011-08-09
Re: Rockfl9 says that an RV/RI would violate CBI LAW

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