We have LOST 20 days of 2% compliance per KAP!!

[cjk711]

Hello Millionday and All,

This was posted just now on Dinar Guru. What do YOU think? I think he is very WRONG!!

Thanks for your input!



12-21-2014 Newshound Guru Kaperoni [Market rate at 1217 today , Dec 21.] ...bad news. Guess Article VIII is a ways away.
All we can do is wait and see what the CBI says during the month of January after parliament starts passing laws.
A Market Rate of 1217 is way out of compliance to around 3.5%.

So what that means is we lose compliance and the last 20 days. Clearly, until the CBI can hold within 2% as required under Article VIII no exit is coming. This is a setback no matter how you look at it. There is a real chance we are not going to see anything with the dinar for several months or longer. Sorry for the bad news.

[cookie]

What Iraq has is not a real market rate. It is manipulated, so how can it have this stipulation placed on it in the first place??? IMHO it will not be necessary for a 2% spread for 90 days, because Iraq is not using a real rate nor are they in a global market yet.

[cjk711]

This makes a LOT of sense!

Thanks cookie!

[cjk711]

Below is what Adam Montana said about the 2% spread! It has NOTHING to do with the RV, thank GOD!!

Question from Dinar Vets Member:

bassglo Adam, does a 2% spread between the market rate, and the official rate have to be maintained for 90 days before an RV can happen? If so, did we just start over because they fell out of compliance sometime in the last week?


Adam's Answer:

No, that is not an actual requirement to RV. The CBI can make the decision to RV at any time regardless of any spread, rate, or timeline.