Dinar Update

Dinar Update  The CBI made the first market rate update since March 17th Yesterday.  They updated three days in April…the 21st, 22nd, 23rd.  All three rate appear to be out of compliance with the IMF 2% rule.  April 23rd market rate is 1225.  Also, they changed the format of the numbers reported by dropping the three numbers to the right of the decimal point.  This is not the first time the dinar has been out of compliance over the last couple year.  In the past it’s been out for a couple day and then returned to be well withing compliance for the monthly average.  Will the CBI be able to do the same thing this time?  Stay tuned…

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