The governor of the bank on the Keywords “The central bank is responsible for holding the currency auction Under the law, which he considers responsible for the stability of the exchange rate,” noting that “it is theoretically possible that the Ministry of Finance to conduct an auction currency, but in practical terms is possible.”
Looks a lot like – to me…Alak is “beset” on all sides…over the last few days – numerous articles out about “no confidence” in him…potential removal…whatever the final outcome – there seems to be some real movement (as there has to be) on the part of the GOI against the CBI – or bad CBI policy…and corruption…looks like there is big movement underway – is this directly “Dinar-centric”?
It would be hard to see where it doesn’t impact the value of the Dinar.
I think there is a lot more to this story we don’t know… but Alak under the gun is good (as far as I’m concerned).
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