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Help for DoD and Jaygo


rockfl9
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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!

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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.

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