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Showing results for tags 'article 14 before going to article 8 !'.
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CNN. Broadcasting While WalkingSticky Tries To Peel Himself Off Of The Blue Couch - I Think That The Stick Is Stuck ! 6-26-2018 Newshound/Intel Guru Walkingstick [via sunny] PCC [Partial convertible currency], by definition is a currency sold with low volumes on the FOREX. Rate now on Forex is maybe around $1.80. A country that does a PCC is Article 14 before going to Article 8. Testing stress of the Iraqi dinar outside of their borders. Countries you can refer to, to see how a PCC was applied are India Rupee and China’s Yuan. All emerging economies use a PCC to go from Article 14 to Article 8. It means they have to convert. Protects their reserves and contracts. How long can a PCC go on? Started two months ago, with jumps on the FOREX, just before 2% compliance. $1.70- $2.00 PCC testing. Trying to hit 3+? That would be an RV. We don't know exactly where we are.
