Central Bank Of IRAQ

[Dinar Buddy]

There is mis-leading information and understanding of the CBI daily auctions. There are two main purposes of the auction. One is personal transactions of individual government employees or groups within the government that need bills paid on behalf of the government... Travel, events, expenses. All less than 1/2 percent of the daily transactions. The rest of the auction process is 99.% around oil sales.

Surrounding countries in the region that purchase oil outside the petro-dollar agreements are required to pay in USD's. All oil sales are tracked through the CBI under the heading AUCTION.

So daily posting of the CBI auction really don't matter to as we are not selling or buying oil!

Darn... I thought the auctions actually meant something : (

[Carvette]

thanks for the post!

[MovieMaker]

Yep, thanks.

[sandfly]

THANKS

[ronscarpa]

There is mis-leading information and understanding of the CBI daily auctions. There are two main purposes of the auction. One is personal transactions of individual government employees or groups within the government that need bills paid on behalf of the government... Travel, events, expenses. All less than 1/2 percent of the daily transactions. The rest of the auction process is 99.% around oil sales.

Surrounding countries in the region that purchase oil outside the petro-dollar agreements are required to pay in USD's. All oil sales are tracked through the CBI under the heading AUCTION.

So daily posting of the CBI auction really don't matter to as we are not selling or buying oil!

Darn... I thought the auctions actually meant something : (

D.B. do you have any proof regarding your statements above; because the articles posted by the various News Agencies, and the CBI, seem to clearly refute your stated opinions above. Over the past few years we have seen them sell both IQD and USD at the Daily Auctions to control the rate and Dollarize or de-dollarize the country, and to control Liquidity. Oil sales are always stated in USD Petrodollars.  Once again, I would ask for proof by your providing articles or other documentation.   

[AJC]

Thanks for the explanation !!!

[ronscarpa]

You're welcome AJC...!   

[calkid11]

THANKS RON....

[mcjocky1]

D.B. do you have any proof regarding your statements above; because the articles posted by the various News Agencies, and the CBI, seem to clearly refute your stated opinions above. Over the past few years we have seen them sell both IQD and USD at the Daily Auctions to control the rate and Dollarize or de-dollarize the country, and to control Liquidity. Oil sales are always stated in USD Petrodollars.  Once again, I would ask for proof by your providing articles or other documentation.   

Ron, not locking horns here but would there be any use in anyone trying to provide "proof" by the use of   News Agency articles when so many have been... well rubbish really. CBI imo, have so far done next to nothing except blow hot air about what they are going to do, but then clock off for the day and next morning get straight into going in totally the opposit direction. Have we ever got a answer to the actual question on what the Daily Auctions really are? Shortage of Dinar, shortage of Dollars, which has been proven correct, proof of anything to do with Iraq seems to be pretty fluid. Like I said just an observation, not a "red flag" (to a bull). Cheers.

[SgtFuryUSCZ]

 CBI imo, have so far done next to nothing except blow hot air about what they are going to do, but then clock off for the day and next morning get straight into going in totally the opposit direction.

***////

 

They bought some nice shiny new DeLaRue machines one day..... that's sumthin'......