Monday, June 2, 2014

6-2-2014 Newshound Guru Enorrste

6-2-2014   Newshound Guru Enorrste     [At 1187 CBI rate, 1210 is exactly 2% spread, so I dare say we're compliant, folks.]   The only numbers we need to concern ourselves about are the numbers that the IMF is using.  Speculation on this matter is interesting, but not highly productive.  In the end, when the IMF sees that Iraq is in compliance, then we will see our opportunity.  Until then, however, we are all just hoping.  Unfortunately, I don't know just how the IMF looks at this.  We have 1166 and 1179 and now 1189 as potential "official" rates.  Unless the IMF accepts 1189, however, we may still be a way off in getting in the "compliance" that they are looking for.