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PizzaBoy Gets Hit In The Face With An Egg Pizza!
Well today's auction sales are a bit surprising they are at 1215 to $ 1 which technically has fallen out of compliance within the 2% as required by the IMF. Can the get that back in compliance by tomorrow?
With 48 days to go to meet the 90-day requirement this is a setback if they have to start over.
Today's CBI auction was $210 million so it was fairly large in an attempt to get the spread back in alignment. We will just have to see how this plays out but I'm getting the feeling that we're going to have to start the 90-day requirement period over again.
What this all means is that it could possibly postpone the CBI desire to move to Article VIII kicking the can down the road at least another 3 months. We will have to see how this plays out.
Maintaining the spread within 2% for 90 days is a requirement by the IMF there is no shortcuts and it's apparent now based on today's report, the CBI couldn't comply.
My guess is if the CBI could get it in alignment tomorrow they may overlook today's report. But this requirement is not something to play games with you either do it or you don't.
So our tentative guideline was June 15th. I can't answer if that still holds true or if it's starting over but it is for certain that nothing will happen before then.
Well here's the deal... None of these numbers that are being reported are official so even though they may be in compliance or out of compliance there is nothing official from the CBI these are just third-party numbers being reported from media outlets.
So now visiting two or three other media outlets I have found yet another set of reported spread numbers from today's auction and these numbers are within compliance.
These are reporting sale of the dollar at 1200 to $1. Dinar News
Since there is no way to confirm the legitimacy of these numbers all we can do is wait out the 3 month IMF requirement and see what happens.
- GURU HUNTER
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Join date : 2015-02-19
they will never hold the 2% and the will never RV or reinstate currency or anything else
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