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ElaKiri Talk!
Dollar Fixed to 350?
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<blockquote data-quote="waparc" data-source="post: 27806792" data-attributes="member: 72022"><p>Lets assume that Central bank pegged USD again. The black market should still rise regardless of CBSL peg. But the moment CBSL bans on open account imports and set max increase value, black market stopped rising and stabilized. The moment you kill the demand for black market dollars, black market lose control on the dollar rate.</p><p>Now that CBSL has modified the ban on open account import (10 essentials can be imported with open accounts), we should see a increase in black market dollars and if CBSL has pegged, black market should rise while official rate stays same. we'll see how this goes.</p></blockquote><p></p>
[QUOTE="waparc, post: 27806792, member: 72022"] Lets assume that Central bank pegged USD again. The black market should still rise regardless of CBSL peg. But the moment CBSL bans on open account imports and set max increase value, black market stopped rising and stabilized. The moment you kill the demand for black market dollars, black market lose control on the dollar rate. Now that CBSL has modified the ban on open account import (10 essentials can be imported with open accounts), we should see a increase in black market dollars and if CBSL has pegged, black market should rise while official rate stays same. we'll see how this goes. [/QUOTE]
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