8-27-2014 Newshound Guru Kaperoni Article:
"Central action keeps the money of depositors and
shareholders"
This is a good "pat on the back" article as they say
they have done a good job stabilizing the dinar/reducing the spread of late and
implementing new policies and procedures with the auctions. I like how they end it in essence
saying...despite this accomplishment, they have more work to do. Yes...we are
waiting on that. ...they
probably have fulfilled the IMF requirements and are in compliance now. That
does not mean they will request Article VIII tomorrow. In
fact, the IMF may make them demonstrate they can sustain it for a period of
time as well as they still need to form the GOI, pass stalled economic and
banking laws and get some stability regarding the ISIL threat. So it
still could be a while. But today is a good day.
