rockfl9 Posted June 12, 2018 Report Share Posted June 12, 2018 This certainly tells me that some dinarians do not understand international finance and banking. As a fixed rate (pegged) currency the cbi holds hard assets the back the dinar. it stores enough (usually) to meet the exchange rate. When those hard assets are dollars or Euros It doesn't hold the REAL paper , instead it holds the treasury notes of that country , they are safe and also pay interest. So the T-bills are just a different way to store reserves. If they need the real cash there is always a liquid market for those securities. 1 Quote Link to comment Share on other sites More sharing options...
rockfl9 Posted June 12, 2018 Author Report Share Posted June 12, 2018 Also THINK, IF the Iraqi's begin to use plastic (smart card ) more often you will see the sale of dollars go down because those transactions dont show up there. The money is still being spent, 1 Quote Link to comment Share on other sites More sharing options...
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