2-20-2015 *Kaperoni

[Vixen]

2-20-2015 *Kaperoni ~Article: "Tomorrow is a new mechanism for buying and selling the dollar" So my initial review of this is that the discussions last week about the auctions, the parliament limits, news rules for buying/selling are going into effect this Sunday. This is all related to market rate and IMO an attempt to get into IMF compliance. We will have to see how this new plan works come Sunday...with a current market rate of 1237 we have to hope that this will reduce the spread. Quote: "the project is still there "adding that he" has direct development of a study to demonstrate the feasibility of its application and to ensure the safety of its application procedures " ...these procedures are getting rid of the old ways of doing the auctions and the central bank is getting away from being a currency exchanger...the Central Bank has better things to do than deal in a currency auction....these new processes are what all other central banks do that engage with the global economy. So this is a good thing.