Kaperoni

Kaperoni – Dinar Guru   So is there a way to fudge the numbers when you fall out of compliance [on the 2% rule]?   Who knows but the CBI does report the auction exchange rates in their spreadsheets which ultimately end up in their reports to the IMF. The bottom line is if  stability is an issue I doubt the IMF would accept them into Article VIII. And if anyone questions the validity of such a rule all I have to do is go and look at the Article IV Consultations between the IMF and the Central Bank of Iraq to see that it is very clearly documented as a requirement.

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