11-21-2013 Newshound Guru Kaperoni

11-21-2013   Newshound Guru Kaperoni   A quick update as to where we are…The CBI is trying to implement a few new monetary measures that will help them conform to the IMF Article IV requirements.  Namely the 2% spread from Official Rate to Market Rate.  These measures include new Auction pricing effective Dec 1st, 2013 and CBI bond sales which hopefully will begin to sell in December.  Meeting the requirements prior to any monetary change is a must.  So we must wait and see the results of these efforts before we can tell if they will be able to transition out of IMF Article XIV to Article VIII or not.  [post 1 of 3....stay tuned]