Frank26
The WTO...you don't have to have a high exchange rate. But what do you have to have in order to be part of the WTO? Your currency must be what? Sanction free. There must not be any restrictions on your bank or your currency to join the WTO.
A program rate is not a stable controlled exchange rate. They are saying things are different now. They are secure and stable. We do have international standards established... What was the rate the Kuwait dinar came out at in 1999? It was a ridiculous rate. They came out huge! ...I don't care what they [Iraq] comes out at.
What I care about is are you restriction free? Are you sanction free? When you went to the UN I know what you did - You're free!
Question: "Is Article VIII needed?" Article VIII will automatically come on once Article VII is official. In other words it's the next step that they walk into under the United Nations Security Council.
I don't care if they come out at 1132. I don't care if they come out at $0.10. I don't care if they come out at $0.50. You think it's going to stay there for long when the world is wanting to pour in? Whatever the rate is they come out at, in a blink of an eye - bam, you better know when to hold'm and when to fold'm.
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