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"Completion" - Thoughts from KTFA Jay 5/27/18

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"Completion" - Thoughts from KTFA Jay 5/27/18

Post by Ssmith on Mon May 28, 2018 8:03 am

Re: MilitiaMan Post  Jay » May 27th, 2018


So let me take a stab at this 1190 thing. Yes the value went down. = Bad. But IIRC it was 3 months ago that the CBI started to buy and sell the USD at 1190 to within 2% at times. Mostly 1190. So it was done on the 2nd set of books in 2016 ish. Now its being done for real.

Hmmm... So maybe this rate change today was a graduation if you will, of the COMPLETION of the 2% compliance requirement from the IMF. WELL then DAT'S a GRRRRRREAT THING. 1190 or not. It means, to me that CBI is OFFICIALLY not making any money selling the USD in the eyes of the IMF, WB etc.

So why continue the auctions? <---IMF saying that. Well than I would venture to say that these auctions and the 24 is close at hand. Like Franky always says; let's see what deez knuckle heads do now.


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