Mountain Goat

Mountain Goat – Dinar Guru   …But the reinstatement is not just changing the CBI rate.   It is a reinstatement process with many more technical issues that arise if you go from a CBI rate to a Market rate and do it in the middle of a fiscal accounting period for the year.   I can not go into all the details and many of you would not understand the adjustments to the ledgers that would have to be made from moving from a 1180 rate to a $4.40 rate, as it is a very substantial change in values.  How do you adjust and reconcile a ledger with a mix of program rate and true market rate of the dinar?  So we can see the dilemma that the GOI is in when they did not make their target for a January 2019 reinstatement. The effects ripple enormously once they open the budget and then try to reinstate later in the middle of a fiscal year.   [post 2 of 2]

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