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Kaperoni feels we are making good steps towards results
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Kaperoni feels we are making good steps towards results
by Ponee Sat May 31, 2014 8:08 am
5-30-2014 Newshound Guru Kaperoni CBI Announcement 5/29/2014 Quote: "Companies can buy dollars directly from the CBI by (cash or transfer)" This is a significant step for the CBI to get in compliance with the IMF...its a good step, now we need to see results. If these money exchangers/currency traders start participating, we should see the Market Rate start to drop soon...1200 or about the magic number. Don't overlook that parliament has not passed any laws nor is their a new GOI formed. But I sure can't wait to see the letter to the IMF from Turki requesting the move from XIV to VIII. [in your opinion does the CBI announcement have any connection to the TIMING of the recent revision of the Presidential EO?] None what so ever, the CBI has been told to liberalize the foreign exchange for two years.
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Re: Kaperoni feels we are making good steps towards results
by Kevind53 Sat May 31, 2014 12:56 pm
Definitely a good thing. They do not move from Article XIV to VIII IMO, but otherwise good stuff.
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