2015 Budget - Going to be difficult

[Texstorm]

Because they'll be making trillions.  You don't jump over $10-$100 to get to a $1. 

 

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Thanks Markinsa ! I couldn't have said it better !  And thanks for your reply back Rock ! GO RV !

[rockfl9]

?? If the CBi no longer supports the 1166 , what is the new exchange rate ? 1190 ?  The importers must be scrambling . This is not good for economic stability.

Will definitely slow down imports.  Maybe that is what the y  want.

[RVPleaseToday]

I think the CBI has just called the GOI's bluff.

 

"You want us to stop the auctions...o.k., we stopped the auctions. Good luck with that."

 

The  Iraqis seem to have the economic IQ of a lizard.

Edited February 24, 2015 by RVPleaseToday

[rockfl9]

It wasn't a true auction really when the CBI fixed the price .. nothing has changed except we dont know what the dollar is selling for day to day.

1187-1190 was the last quote , that was the old cash rate.

I think  The CBI was giving it away at 1166.  If we could see the rate we would know what the true demand is. I think it is 1220.