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Wednesday, June 7, 2017

Frank26 & Delta "The IMF Looks Very, Very Happy"

What if the exchange rate were to drop to 1250?”  What if it dropped down to 1200?  This is about 2%.   If they dropped down to 1190 or 1180 – the CBI wouldn’t be able to make money anymore. ...they have done a great job in getting within the 2% compliance. 

 The CBI has done some impressive things. The IMF can’t stop being so proud of them. It looks like the CBI is adjusting accordingly to the 2% -- to the rate of the IQD internally – which is an IMF requirement.  The IMF stated that their sole objective were a few things, and that is it. The IMF looks very, very happy.

  Everything is looking very good for investors. The biggest obstacle was corruption.  We’ve been waiting so many years...but it was good that they waited until they got it right.   ...that’s why they brought in Jack Lew – they learned from what happened in Kuwait. They needed border control, needed to manage the float. They are going to control this very well.

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