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Kaperoni Update
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Kaperoni Update
2-27-2014 Kaperoni
[could the GOI be waiting on a rate from the CBI and stalling until then?] I think the CBI has been ready for a while. So IMO no.
[but the CBI controls the rate - you really think they're waiting on the GOI?] it is clear that Maliki interferes in monetary policy. I have statements, from the IMF, WB and even the US Embassy over the last year telling him to stay out of monetary policy.
[has the CBI done all it's supposed to? Like reaching that 2% & pulling enough 000 off the street?] unlikely they are in compliance. But IMO, compliance or the 2% can be done quickly within 30 days or less.
[so if they're not in compliance, how could they be ready?] it depends on what your trying to achieve. IMF Article VIII they need to be in compliance, to raise the value, they can do that anytime.
[could the GOI be waiting on a rate from the CBI and stalling until then?] I think the CBI has been ready for a while. So IMO no.
[but the CBI controls the rate - you really think they're waiting on the GOI?] it is clear that Maliki interferes in monetary policy. I have statements, from the IMF, WB and even the US Embassy over the last year telling him to stay out of monetary policy.
[has the CBI done all it's supposed to? Like reaching that 2% & pulling enough 000 off the street?] unlikely they are in compliance. But IMO, compliance or the 2% can be done quickly within 30 days or less.
[so if they're not in compliance, how could they be ready?] it depends on what your trying to achieve. IMF Article VIII they need to be in compliance, to raise the value, they can do that anytime.
Ponee- Admin
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Re: Kaperoni Update
I do not agree that they need to raise the value. Allow a float perhaps, but not raise the value. There are full members with far lower valued currencies already. (Vietnam for one.)
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