by Vixen » Fri Mar 27, 2015 9:47 am
3-27-2015 *Kaperoni ~Article quote: "In the past, there was a difference between the two rates: the official price and the market price, but this difference was within the universally accepted standards, the 2% up, whereas the current difference is the 7% up to - 8%..." This is a pretty good confirmation article of what they should be doing vs, what they really are doing and the fallout as a result. No matter what the excuse, 8% or higher market rate spread is unacceptable and needs to be corrected soon. Since they probably won't be going to IMF Article VIII anytime soon (not in compliance) and Dr. Bakri implied in my interview that they will strengthen the dinar before Article VIII, hopefully they will use this time wisely and begin the process to correct the nominal exchange rate more in line with the dollar. It's always good to have confirmation that what we present and study is correct. No matter if good or bad.