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Kaperoni: "...get off the peg and move to a float and allow the dinar to gradually appreciate"
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Kaperoni: "...get off the peg and move to a float and allow the dinar to gradually appreciate"
Michael Kaperoni
@kaperoni
1h1 hour ago
Michael Kaperoni
@kaperoni
1h1 hour ago
Michael Kaperoni
@kaperoni
1h1 hour ago
Michael Kaperoni
@kaperoni
1h1 hour ago
Michael Kaperoni
@kaperoni
1h1 hour ago
Michael Kaperoni
@kaperoni
1h1 hour ago
@kaperoni
1h1 hour ago
I got a chuckle tonight the gurus are back at it with their stories to try and justify the exchange rate, a mythical RV all before the IMF requirement of 3 months.
Michael Kaperoni
@kaperoni
1h1 hour ago
They all just keep on creating this nonsense that will never happen. The fact is monetary policy doesn't allow them to do what they keep stating.
Michael Kaperoni
@kaperoni
1h1 hour ago
What will happen is exactly what we've been saying for several years they will accept Article VIII, get off the peg and move to a float and allow the dinar to gradually appreciate as investment comes into the country.
Michael Kaperoni
@kaperoni
1h1 hour ago
But these gurus keep pumping a fantasy that will never happen, an overnight event.
Michael Kaperoni
@kaperoni
1h1 hour ago
Though the CBI only has about 18 days left to meet the three-month compliance, I don't expect them to act immediately because the government hasn't been formed.
Michael Kaperoni
@kaperoni
1h1 hour ago
They are making significant progress preparing to open the banking system.
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