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Dinar News CBI sells 175million on Tuesday


gggold
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whatthe somebody on here informed me that they sell dinar for food and supplys,i was worried aswell wondering why auctions are being held 2 sell summit that could be RV at anytime,they are diluting there currency which cant be good. I STILL HAVE NO IDEA WHERE ALL THE MONEY WILL COME FROM TO PAY EVERYONE IF THIS EXPLODES.

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You are not stupid. Broad Brush..... It's the method CBI uses to float the NID at current levels. i.e. Manipulating the supply and demand of NID. If someone has a better explaination, please proceed. This subject has been the topic of many chats and I have yet to hear a clear explaination of the details. Some call this activity a "dirty float" of the Dinar. Sorry.... Best I can do.

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well, my understanding of the "how are they going to pay for it" is that "they" don't pay for it. noone dips in to iraq's bank and says, i'm givin' you a 25k dinar note, now give me 25k dollars. i know, "where does the money come from?". since i don't have a better explanation, i think it's all just numbers and it is what it is. it's electronic. i'm sure real smart folks on here will have a better explanation...thanks in advance.

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