Reply to "BoG taps IMF support to ensure stable economy ahead of oil income"

BasemanSenior Member

ronan posted:
Bibi Haniffa posted:
If inflation has remained stable the last five years why is the GY dollar 235 to the US dollar. Also, why is the BOG buying US currency from commercial banks?
the BOG rate is NOT 235 you fools
there is no “slide” by the Central Bank . . . big LIES
garden variety arbitrage by the cambios . . . NEPS players ‘on board’ and in on de ting
surprised labba doan know dis . . . but then again, he following baseman who sniffing around and tekkin ignar lead-up from ‘ms’ Haniffa
sad sh!t

How does the Central Bank determine the rate? I remember when BoG had a rate of 15:1 but the street was 50:1. As soon as the artificial peg was removed, the “Garden Variety” rate became the real rate!

Is that the same model you talking bout?

Oh, before me forget, me nah tek lead up from Ms Haniffa!!

10/9/196:05 PM

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