Kaperoni -- ...I cannot recall ever seeing an article stating that sales was over $200 million in a day.
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Kaperoni -- ...I cannot recall ever seeing an article stating that sales was over $200 million in a day.
by roxy22222222 on Sat Mar 24, 2018 7:35 pm
Newshound Guru Kaperoni
Article quote: "The dollar witnessed the exchange rate of the dinar against a significant decline recently due to increased selling hard currency at the central bank auction rate as sales exceeded $ 250 million per day after it was more than $ 130 million in the past years.
...I cannot recall ever seeing an article stating that sales was over $200 million in a day. And with the IMF and UST helping them reduce the spread I find it unlikely that this is not closely watched.
The auctions have been between $170 and $201 million per day the last 3 weeks. Yes that is high but the result is compliance with the IMF. The reserves will drop if this continued for months and...we will see the CBI write the letter for Article VIII as soon as they are allowed. Remember the IMF also wants them in Article VIII.
3-25-2018
~~~~~~~~~~~~~~
There is enough evidence from various news articles over the last month to imply the CBI is now in compliance with the IMF. The clock is now ticking. And to boltster my view, the CBI is selling $180+ million at auction per day. It is my view that the CBI will write a letter to the IMF asking for acceptance into Article VIII sometime around June 2018. This also coincides with an article that they want to end the auctions. I could be wrong and they could wait longer but that makes little sense with the continuing auction amount exceeding $180 million each day. 3 reasons, they said they want to end the auctions, the IMF made it clear Article VIII sends a positive messege to investors, and selling $180 million + will drain reserves.
03.24.2018
Article quote: "The dollar witnessed the exchange rate of the dinar against a significant decline recently due to increased selling hard currency at the central bank auction rate as sales exceeded $ 250 million per day after it was more than $ 130 million in the past years.
...I cannot recall ever seeing an article stating that sales was over $200 million in a day. And with the IMF and UST helping them reduce the spread I find it unlikely that this is not closely watched.
The auctions have been between $170 and $201 million per day the last 3 weeks. Yes that is high but the result is compliance with the IMF. The reserves will drop if this continued for months and...we will see the CBI write the letter for Article VIII as soon as they are allowed. Remember the IMF also wants them in Article VIII.
3-25-2018
~~~~~~~~~~~~~~
There is enough evidence from various news articles over the last month to imply the CBI is now in compliance with the IMF. The clock is now ticking. And to boltster my view, the CBI is selling $180+ million at auction per day. It is my view that the CBI will write a letter to the IMF asking for acceptance into Article VIII sometime around June 2018. This also coincides with an article that they want to end the auctions. I could be wrong and they could wait longer but that makes little sense with the continuing auction amount exceeding $180 million each day. 3 reasons, they said they want to end the auctions, the IMF made it clear Article VIII sends a positive messege to investors, and selling $180 million + will drain reserves.
03.24.2018
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Re: Kaperoni -- ...I cannot recall ever seeing an article stating that sales was over $200 million in a day.
by Kevind53 on Sun Mar 25, 2018 12:48 am
NO RI, no float, ... no change
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Re: Kaperoni -- ...I cannot recall ever seeing an article stating that sales was over $200 million in a day.
by Ponee on Sun Mar 25, 2018 4:02 pm
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