BondLady - There's A Good Chance The 3 CBI Banks Got The Lower Denoms !

[SgtFuryUSCZ]

There is only one Central Bank of Iraq. There are Gov. Owned State Banks. Choose carefully which Human path you wander down. Every Human has A Story. Some are Fiction.

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Creepy, dude, creepy! Don't jinx it, you hunk of bolts, you!

[brbrlocke]

Thanks Thug

[PhoenixGeorge]

CNN. Broadcasting On Shabbi's Hi Jacked Twitter Account.

2-1-2012 Guru Bondlady the cbi said in the COMMING DAYS it would change the rate, it would fix inflation, it would stop the currency manipulation iran an syria is doing...to me that says rv. then we saw the auctions today which ive never seen so low nor the small amount of banks, 3 millon, 3 banks. theres a really good chance, and its not proven, but imo theres a good chance thats the 3 major cbi banks and they just got a millon dollars worth each of the lower denoms, not proven but im on top of that.

2-1-2012 Guru Doc the CBI has been put in a tough position. There are many articles discussing Iran's hunger for USD and its coming from Iraq. As we have noted the CBI needs USD to stay in country so they can RV and use the USD to make change as they introduce the lower denoms and dedollarize. To combat this CBI persons were quoted as saying the CBI would take steps to curve this problem and at the same time deal with inflation and raise the value of the dinar versus the USD. The real encouraging statement was that all this would happen in the coming days. On top of this public statements pointed to a second reading of the budget on Thursday of this week. And if all this isn't encouraging enough the amount of the currency auctions dropped from $200 million to just over $3 million on Wednesday...this is all encouraging and needs to be watched carefully.

2-1-2012 Guru Kaperoni It seems to me that the GOI is the problem. That falls on Maliki. Is that what is happening here? IMO, It seems to be. It seems the GOI has been holding up the success of this plan. It appears as well, they are trying to hold up the economic success of the country. We know from previous articles, Parliament is supportive. Now the CBI appears to be tired of it and is bypassing the GOI, going directly to Parliament with the Bill. They are tired of waiting.

2-1-2012 Guru Kaperoni The CBI is tired of waiting. The CBI is not going to allow it’s USD reserves to be diminished. They need to take action. And that action is the change the exchange rate. This is the plan…They will stop the flow of USD leaving Iraq by introducing the new dinar into the market in a “balanced manner”. This event will transition the people back to the dinar. The CBI then can collect the USD and de-dollarize the Iraqi economy. This will stop the problem. [article] quote again tells us,”in the coming days.”

Thanks Thug, take some time off and go the the golf tournament. See you at the 16th on Friday....

[skitealwedrop]

There is no way in hell that Iraq can continue using USD as their major source of currency indefinitely, IMO.

[PhoenixGeorge]

I agree, they need to stop using the dollar, just like Vietnam, more dollars on the street than the country's currancy. Lets convert the Dong to a dollar also.......LOL

[Reelemfast]

The Dong should do something after the R.V.. It should be 15 to 26, Wish it be better than

that, but, I doubt it. Go R.V., Come on Shabby Baby, Put her in Run 8....

[skitealwedrop]

The VND is in the toilet. Vietnam has no assets to move the currency forward as Iraq does. I do hope that Vietnam will progress and become a profitable country, though I'm doubtful that it will occur anytime soon. IMO.

[Houston1099]

I look forward to the clown news everyday .... thanks Thug

[skitealwedrop]

I agree, they need to stop using the dollar, just like Vietnam, more dollars on the street than the country's currancy. Lets convert the Dong to a dollar also.......LOL

There is no incentive for the Vietnamese to us there own currency. It's worthless. Similar to the situation we have in Iraq.

The USD is far superior and coveted in many countries. Iran is a perfect example.