rockfl9 Posted February 26, 2016 Report Share Posted February 26, 2016 The MOF always has the CBI handle auctions and Treasury note and bills for it. The MOF never does it. Auctions will always be conduced by the CBI...It is the only way the GOI gets dinar to pay employees. Important to note is the number of institutions that get QUALIFED bidders. In this last offer there were only TWO. That's a big change because in the earlier one there were more than TEN!!!! People in the Iraqi finance community ARE NOT confident in the ability of the MOF to return their money ??/ AND the CBI has finally admitted that it has been loaning dinar to the government! 1 Quote Link to comment Share on other sites More sharing options...
rockfl9 Posted February 26, 2016 Author Report Share Posted February 26, 2016 The problem will really show up when the MOF has to make the next foreign bond payment! 1 Quote Link to comment Share on other sites More sharing options...
DoD Posted February 26, 2016 Report Share Posted February 26, 2016 Hey Rock, what will happen to the auctions when the CBI goes to the single window process???? Quote Link to comment Share on other sites More sharing options...
rockfl9 Posted February 27, 2016 Author Report Share Posted February 27, 2016 DoD:: In case you haven't followed it the CBI announced the so called single window months ago .The "auctions" really aren't auctions, maybe never have been. The CBI sets the price in the morning each day and the customers (banks) line up with their dinar and get USD ON THE SPOT.. usually electronic transfers into accounts at the local bank .. Then the banks start collecting dinar for the next day...So the money flow is dynamic.. Doesn't stop. That's commerce. 1 Quote Link to comment Share on other sites More sharing options...
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