10-30-2013 Newshound Guru Kaperoni

10-30-2013   Newshound Guru Kaperoni   I am going to further break down that paragraph from the IMF report.  I think this is important to clearly see what the IMF is saying.  This paragraph is amazing in that is echos exactly what we have said for months...  "In the medium term, staff encouraged the authorities to consider creating the conditions which would make possible a move to a more flexible exchange rate policy. Such flexibility could allow a predictable and gradual appreciation of the nominal exchange rate, triggered by strong oil revenues and the Balassa-Samuelson effect, to accommodate a possible real exchange rate appreciation while keeping domestic inflation low.”