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Friday, April 14, 2017

DELTA TIDBIT, 14 APRIL

  ...I monitor the CBI Arabic site.  I have more confirmation...when the rate changes...on the Arabic side...they will send a memo to the bank...every bank before the change occurs. 

 According to the IMF...this must happen...banks to make the change either just before they open OR just after they close.

  We might be able to know 24 hours or 10 hours before they open by monitoring the CBI website. 

The new rate of the CBI website would probably show up after business hours...so in America it would probably show up at night.  The CBI spreadsheet... the rate for February / March shows the exchange rate around 87 cents.

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