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rockfl9

What is the CBI doing ?

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Per the CBI : 40T IQD in circulation. That is 5T more than 3 years ago !

                        $39Bn in reserves.  That is $30 Bn LESS than 3 years ago!

                        40 tonnes of crude gold (ingots ?) to Turkey to be jewelry?  More dilution of the reserves?

But the official exchange rate still 1190:1

IQD  has LOST half of its REAL VALUE . 

How long can the CBI keep this up? 

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The CBI has been holding up the dinar rate for more than 2 years ... Dollar reserves are below $20Bn .. Next years budget will need that amount ... So it is dipping into its gold reserve.  Iraq does not have gold mines the "crude gold" they speak of are INGOTS from its gold store and that is held in NYC or London.

Do your research and don't  just believe the guru shite.

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The CBI usually charges extra when getting dollars from the cash window.  If i read the latest auction report it said cash at the same rate as remittances... This stops the multicurrency  exchange , if it becomes permanent.. That would signal some fiscal reform! .  Let's see 

what the next report says

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On ‎11‎/‎30‎/‎2017 at 2:28 PM, rockfl9 said:

The CBI has been holding up the dinar rate for more than 2 years ... Dollar reserves are below $20Bn .. Next years budget will need that amount ... So it is dipping into its gold reserve.  Iraq does not have gold mines the "crude gold" they speak of are INGOTS from its gold store and that is held in NYC or London.

Do your research and don't  just believe the guru shite.

I agree everyone should do THEIR own research! Please don't listen to "gurus" or "lopsters"...each are cartoon character blowhards with their own agendas. Both are CERTIFIED(Koo-Koo) but NOT in the field related to dinar. Trust only yourself or someone that CAN show you their REAL professional credentials.

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GOOD advice CAZ.  I suggest they get a book on international finance.  Go to the chapter on currency exchange and look at the ways an exchange rate is calculated , plugin the conditions for Iraq and see what they get.

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LOL a red eye for speaking truths..... perfect example of why LOPsters hate the truth. A lot like many left swinging folks....they purport to be watchin out for the little guy until u call them out....shame shame shame

Edited by caz1104
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CAZ,  I am open to anyone that can explain the TRUTH behind an RV of the dinar.  Could you take the time to help me.  Don't  make it too complicated as you know I am easily confused.

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"confused" & unable/unwilling to comprehend. Nowhere in my post did I say anything that even remotely mentions RV of Dinar.....smh.

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7 hours ago, rockfl9 said:

CAZ,  I am open to anyone that can explain the TRUTH behind an RV of the dinar.  Could you take the time to help me.  Don't  make it too complicated as you know I am easily confused.

I heard its raining cats and dogs in idaho

 

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CBI auctions off 11.5 Trillion IQD CDs ( T-Bills)  , 14 day notes?  That's almost one third of the dinar in circulation.  IT MAYBE a typo but if true WHY would they need that much cash for such a short period. ?  If they were to RV now the buyers of those notes would be seroiusly Pi$$ed !   

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