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Dinar Buddy

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Posts posted by Dinar Buddy

  1. The Central Bank Auctikns are not currency being added or removed from the streets of Iraq. They are revenues received from the sales of oil. The CBI auctions are oil auctions. Do not be fooled by the gurus.

    On how the reserves are formed, Asadi said, “Iraq’s annual budget is in Iraqi dinars, which the CBI owns. The state’s revenues are from oil exports, and they are mostly in US dollars. The government buys dinars from the bank, which results in profits for the bank. ... The total CBI profits from selling dinars to the state constitute the country’s federal reserve, whose growth is associated with state spending. State spending increases in proportion with its oil exports.”

    Moreover, Asadi said, “With the expected increase in Iraq’s oil exports in the near future, the country’s reserves are likely to grow to a large extent in the coming years.”

    Read more: http://www.al-monitor.com/pulse/originals/2013/08/iraq-federal-reserves-oil-grow.html#ixzz2dkPdj7Pv

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  2. I have been contacting Foreign Currency Investment Consultants.  I have spoken with them about the IQD & Dong.  These investment consultants are not dealers or traders.  They are not Forex.  These folks can be found on the internet or recommendation of your banks.

     

    Understand exactly what your have spent money purchasing.  I was shocked.  I do not want give any names as I am not promoting.  I want you to be educated.  Call more than one, do a deep dive... it is your money.

     

     

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  3. A friend of mine bought into the Dinar threes ago.  He is now three months behind and is going to lose his home.  He is so convinced by the Gurus this going to happen any minute he will not turn a single amount of Dinar.  I have tried with all might to convince him to save his, but he will not have thought enter his mind.

     

    I ask the GURUS to please stop pumping this man is losing everything.

     

    We can chuck rocks at him, but he just believes all he ha read this is going to RV, like right now.

     

    Very sad.

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