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Kaperoni "Banks Don't Want to Lose Money"  3/4/18 DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

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Post by roxy22222222 on Sun Mar 04, 2018 9:04 pm

The market rate is in essence the rate on the street…the dinar is a little weaker than the actual value from the CBI which is pegged to the US dollar which is part of Article 14.  In order to meet the stipulations of IMF Article VIII you need to simplify your foreign exchange and reduce the market rate spread which is the spread on the street…The rest of the world’s banking system for the most part is in Article VIII…they have expertise in managing their currency and meet the conditions.  This is important because if you’re ever going to accept article VIII and make the dinar internationally convertible you need to maintain that exchange rate for international transactions..

Banks don’t want to lose money.  They want to know what the spread is from day to day.  They want to know how much it’s going up and how much it’s going down and so on…this has always been an issue since I’ve been in this investment.  The Central Bank had to reduce the spread…Shabibi actually did a wonderful job.   He lowered the spread within the conditions set forth in their article IV consultations.  He got it down to 1200 or so on the street and held it there for 10 months.  In September of 2012 he announced he was going to begin currency reform so we assumed he was going to Article VIII at that point.  Then of course PM Maliki at the time said No, we’re not ready.  We don’t want this to occur…When Shabibi was out of the country for a conference Maliki put out a warrant for his arrest.  Which in essence kept him out of the country and stopped the process in it’s tracks...
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Post by Kevind53 on Sun Mar 04, 2018 11:36 pm

Thank you captain obvious ... what is is obvious is that you are clueless.

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Post by Sam I Am on Mon Mar 05, 2018 4:20 am

Maliki's issue with Shabibi wasn't currency reform. It was the fact that Shabibi was cooperating with the US efforts to prevent the smuggling of dinar into Iran. The two had been engaged in a power struggle for some time, with Maliki trying (and succeeding) to take over control of the CBI. Dinar douchebags want to convince people that it's all about the RV, but it's not. Remember, Maliki is a Shia, and 90% of Iranians are Shias, so Maliki was friendly toward them and was willing to assist them in opposition to US interests. Is it any wonder then, that the first chance we had to force him from office we did so? Again, this isn't about any RV. This is about geopolitics.

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