2-12-2014 Newshound Guru Kaperoni
2-12-2014 Newshound Guru Kaperoni
Article: "Central bank:
direct a number of banks funded their accounts open for the purposes of
currency auction" The
fact that the banking system is now operating on "open market"
operations is huge. IMO it means the CBI is taking steps to raise the
value (before June). The auction numbers will be a thing of the
past because now that all banks have $250m in capital they are now funding the
foreign currency needs.
