12-2-2015 *Kaperoni
Posted: Wed Dec 02, 2015 12:00 pm12-2-2015 *Kaperoni ~"new exchange rate from CBI" [Is this how they are working toward getting within the 2% spread?] Since 1182 + commission is the new official rate, 1214 market rate is at or about 2%.
12-2-2015 *Kaperoni ~Article quote: "He stressed that the central bank «being reviewed in accordance with international standards." Which means they are working with the CBI to get them into compliance (Article VIII). It does not get really any clearer. There is no reason not to believe that over the next few months that the CBI will achieve compliance. The IMF and the world's best financial people will help the CBI. So despite what we all might think of Allaq, getting the banking system open and the dinar in Article VIII is now a priority. I think we all can agree, for the first time in a long time, Iraq has a clear goal for monetary policy. We just have to wait and watch. For someone like me who has been in this and watched lots of ups and downs, this is rather exciting.
12-2-2015 *Kaperoni ~Article quote: "He stressed that the central bank «being reviewed in accordance with international standards." Which means they are working with the CBI to get them into compliance (Article VIII). It does not get really any clearer. There is no reason not to believe that over the next few months that the CBI will achieve compliance. The IMF and the world's best financial people will help the CBI. So despite what we all might think of Allaq, getting the banking system open and the dinar in Article VIII is now a priority. I think we all can agree, for the first time in a long time, Iraq has a clear goal for monetary policy. We just have to wait and watch. For someone like me who has been in this and watched lots of ups and downs, this is rather exciting.