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Rockfl9 says that an RV/RI would violate CBI LAW

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Rockfl9 says that an RV/RI would violate CBI LAW

Post  Ponee on Tue Feb 06, 2018 10:37 am

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 .

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Re: Rockfl9 says that an RV/RI would violate CBI LAW

Post  realitysucks on Tue Feb 06, 2018 1:26 pm

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.

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Re: Rockfl9 says that an RV/RI would violate CBI LAW

Post  Ponee on Tue Feb 06, 2018 6:32 pm

Thank you for sharing, RealitySucks!  Your input is appreciated.

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Re: Rockfl9 says that an RV/RI would violate CBI LAW

Post  Kevind53 on Wed Feb 07, 2018 1:42 am

ayestu

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