"RV UPDATE" BY MILITIAMAN, 22 MAY

 Militia Man

   Article:   "The Central Bank begins the second phase of its banking reform strategy"  

 They've completed the first phase of reforms and now into the second phase. 

 Quote:  'It will inevitably bring stability and the recovery of the dinar.'  This is amazing...There's some things happening that obviously are beyond our pay grade that are almost available and ready to go.  This article...'...inevitably the exchange rate will be in recovery .' 

To me that means they're going to go back to that 'previous era'.  That would be a recovery.  Going from 1460 to 1310 or from 1310 to 1182, that's not 'recovery'...Second phase is that we're at that juncture.

The budget doesn't work at 1300 to 1 or 1310 or even 1320.  It's doesn't work at 1160 for crying out loud let alone 1460.  Why is it going to work today?

  It's not.