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12-22-2015 *Kaperoni

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12-22-2015 *Kaperoni

Unread postby Vixen » Tue Dec 22, 2015 10:53 am

12-22-2015 *Kaperoni ~from CBI site - "Board Resolution No. (329) for the year 2015 (the exchange rate)" So some are wondering why we saw that 1182 rate and Iraq didn't pick up on it until today...well these CBI docs show us..that the board approved the rate change on 11/30..effective 12/1 (which it changed on the CBI site). but the actual announcement didn't come out until 12/18 (media). They also tell us the CBI bank rate now at 1190 which means the 2% spread is 1214. So the dinar Market Rate has to be 1214 or less than that. And today it is 1220 which is out of compliance. It is frustrating, but the rule is more for the CBI than the IMF. They want the CBI to know how to manage the spread before the playing field becomes international.
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