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Farhat Bengdara's Formula for Killing a Parallel Currency Market
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Farhat Bengdara's Formula for Killing a Parallel Currency Market
A currency peg can be reset in an afternoon. The market underneath it takes longer to believe. Libya just relearned that. On Jan. 18, the central bank cut the dinar 14.7% against the IMF’s Special Drawing Rights, the second such cut in under a year. The parallel rate didn’t wait for the announcement. It had […] The post Farhat Bengdara’s Formula for Killing a Parallel Currency Market appeared first on CEOWORLD magazine.
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