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Thursday, May 18, 2017

Kaperoni says the CBI has two prices for the dinar..cash and via remittance. , 18 MAY

 Article:  "The stability of central bank sales at $ 159 million"  Quote:   "The size of the amount sold today reached 159 million and 547 thousand, and $ 157, priced at 1182 dinars exchange rate against the dollar, with the participation of 37 banks and 11 financial transfer company." The statement said, "The amounts transferred to the accounts of banks, as well as cash sales were priced at 1190 dinars per dollar sale abroad."  

 [I'm a little bit confused, these figures 1182 & 1190 exchange rate, is this normal? We're looking for 1204 right!] 

 Yea, the CBI has two prices for the dinar..cash and via remittance. I think that is pretty standard. 

 What we care about the market rate or street rate of the dinar which is around 1251.  They need to reduce that to around 1200 to be in compliance with the IMF.


5-18-2017  

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