IMO it will RI to its former rate plus 20% for inflation according to documents then it will remain a managed float of 2% up or down. This is just my opinion basing it on documents.
Remember…NOBODY knows what it will actually come out at. The WB and IMF put something into International banking law a few years back so unless it has changed I’m sticking with it.
1:1 would not help them…IMO. They need money and they need it now. They only have one chance to get this right. Any miscalculations could cause disaster… AND…Their debt is much higher than a 1:1 could fulfill.
[Do you think a chance this year?] I don’t do dates but would be very surprised if it did…get out of 2015 that is. I know one thing for fact…They wouldn’t be doing all this talking and planning unless they intended to do something and SOON. I’m expecting something soon. I believe they are very close.