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ElaKiri Talk!
Black Market USD rate 300!
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<blockquote data-quote="cuteoz" data-source="post: 27494566" data-attributes="member: 167216"><p>yes, pump massive USD deficits to banks and official channels, and then undial/black market would drop to almost bank levels, what's really sad is that even importers are resorting to black market, because most people bring money through unofficial channels, the only way to stop this, and the central bank and cabraal isn't really doing anything, lost all confidence in him, where he stated the Rupee was overvalued, and then stated 230 being the ideal exchange rate, and stating IMF help was not needed! what bullocks!</p></blockquote><p></p>
[QUOTE="cuteoz, post: 27494566, member: 167216"] yes, pump massive USD deficits to banks and official channels, and then undial/black market would drop to almost bank levels, what's really sad is that even importers are resorting to black market, because most people bring money through unofficial channels, the only way to stop this, and the central bank and cabraal isn't really doing anything, lost all confidence in him, where he stated the Rupee was overvalued, and then stated 230 being the ideal exchange rate, and stating IMF help was not needed! what bullocks! [/QUOTE]
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