10-30-2013 Newshound Guru Kaperoni Now here
is the same paragraph but i put it in laymans terms..."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 (this is the IMF asking the CBI to leave the currency board exchange
regime and enter the new float exchange regime). Such flexibility (this new float regime) could allow a predictable
and gradual appreciation of the nominal exchange rate (the
new regime would allow the dinar to rise based on supply and demand), triggered by strong oil
revenues and the Balassa-Samuelson effect, to accommodate a possible real
exchange rate appreciation (if you
pump more oil and diversify your economy, the dinar will rise fast)
while keeping domestic inflation low.”
