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5-23-2013 *Adam Montana

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5-23-2013 *Adam Montana

Unread postby Vixen » Thu May 23, 2013 8:42 am

5-23-2013 *Adam Montana ~[There is a lot of focus on the CBI in terms of the dinar value and "expectation" that the CBI determines the rate and will be responsible for a RV. Can you advise, that should a RV occur, would this actually be the decision of the Parliament/Government or the CBI?...and what factors would be taken into account in making any decision to RV?] The GOI/Parliament definitely has to be on board, and I wouldn't expect a unilateral decision to be successful but the CBI is the entity that ultimately controls and maintains the value via their auctions and willingness to rebuy the currency so the answer is: Both are involved, but the CBI really has the final say on the rate.
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