Wednesday, June 25, 2014

6-25-2014 Newshound Guru Kaperoni

6-25-2014   Newshound Guru Kaperoni   Article:   "Massive withdrawals of depositors .. and fears collapse of the dinar amid the absence of a central!"   it is clear that the problem is a lack of confidence from the citizens.  But the CBI is not helping matters as they say.  Despite Turki's statement the other day (plenty of reserves), he is not providing enough foreign currency to curb this problem..and the result is even less confidence.  If the dinar continues to drop in coming days (auctions) its only going to take them even further out of compliance with the IMF and delay any chance of monetary reform this year.   Until they get the country under control politically and reduce the violence that is not going to happen.   [post 1 of 2....stay tuned]