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guardian
04-25-2010, 01:34 PM
Posted on the IMF website under the Country of Iraq:

http://www.imf.org/external/country/irq/index.htm (http://www.imf.org/external/country/irq/index.htm)




Statement by His Excellency
Sultan N. Al-Suwaidi
Governor of the Central Bank of the United Arab Emirates


on behalf of Bahrain, Egypt, Iraq, Jordan, Kuwait, Lebanon, Libya, Maldives, Oman, Qatar,
Syria, United Arab Emirates, and Yemen


International Monetary and Financial Committee Meeting
Saturday, April 24, 2010




Read it all here:
http://www.imf.org/External/spring/2010/imfc/statement/eng/are.pdf (http://www.imf.org/External/spring/2010/imfc/statement/eng/are.pdf)

trigger
04-26-2010, 04:42 PM
(Page 3)
6. Another medium-term priority is to accelerate structural reforms to restore potential
growth to earlier levels in an environment of subdued consumer demand and possibly higher
savings rate in the U.S. In some cases, in addition to reviving credit, greater product and
labor market flexibility is necessary to help restore losses to potential output and support
employment creation. In some emerging markets with particularly high savings rates,
strengthening social safety nets, access to finance, and financial instruments could, over time,
help reorient growth toward more domestic demand and gradually facilitate currency
adjustments. However, a substantial and premature currency adjustment, even if
accompanied by strong fiscal stimulus, may depress growth in those economies, with adverse
implications for global growth. In this regard, we draw attention to the findings of recent
Fund analysis that higher output performance has not been associated with floating exchange
rate regimes, suggesting the need for a more nuanced approach than the Fund’s standard call
for greater exchange rate flexibility.

Are they saying no float but fixed rate? Or float but start with lower rate? I need help understanding please! Thanks in advance for anyone's insight!

guardian
04-27-2010, 11:25 PM
A subtle change imo, but what that will be, I'm not sure.

(nuanced: a subtle distinction or variation)

trigger
04-29-2010, 09:08 AM
Thanks guardian!!, I almost gave up on getting an answer. I like your take, I didn't pick up on the word "nuanced". Another example of how others help me learn how to get more out of articles. Thanks again :)

guardian
04-29-2010, 10:55 AM
Thanks guardian!!, I almost gave up on getting an answer. I like your take, I didn't pick up on the word "nuanced". Another example of how others help me learn how to get more out of articles. Thanks again :)

Yeah, let's hope it's a subtle .86 cents at least. :)