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Kaperoni: "That rising spread certainly is a concern"

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Kaperoni: "That rising spread certainly is a concern"

Post  RamblerNash on Wed Aug 29, 2018 10:47 pm

Kaperoni   



I apparently missed something. I thought they had fallen out of compliance this week!]  No, there were reports from the media about the spread rising but the auctions had not occurred since last week due to the holiday. That rising spread certainly is a concern. Once the auction started again it appears they are still within compliance based on media reports. But then again none of this is official.  The Market Rate spread in Iraq has going down a little bit today so good news after 3 days of currency auctions. Sell 1206 to $1 and buy 1200 to $1.  The requirements the IMF puts on Iraq to meet Article VIII compliance can be confusing ...


8/29/18
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Re: Kaperoni: "That rising spread certainly is a concern"

Post  Jayzze on Thu Aug 30, 2018 12:03 am

not as much as a concern that they will do it or still keep kicking the can down the road as they usual
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