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New CBI announcement 12/14/2015


yota691
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Here's the actual translation from Arabic into English of that document:

 

"Global Directorship

FX Change Money Management

Central Bank of Iraq

 

We are looking for people who will be helping with the below:

 

Looking to do business in these four divisions:

 

1.  Buy and sell in money management;

2.  Foreign exchange;

3.  Buy and sell credit;

4.  Main currencies/short term fixed income in other currencies"

 

Sorry...I hoped it would be more than it is.  Oh well......GO RV!!!!

Edited by Big Newby
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This is a MAJOR step!!!  They will now be using the "single window," i.e, only the IQD, in Iraq.  This step will result in an instantaneous increase in the demand for the dinar.  At the same time, the CBI, in the auctions, has been taking in IQD (and other foreign currencies) in exchange for USD, thus reducing the supply of the dinar.  Combined, both of these effects (increased demand and reduced supply) in any market causes the equilibrium price of that market to increase.  The market for the IQD is no different, so we should start seeing a strong positive changes in the "market rate" for the dinar before the next step. 

 

And what's the next step?  Going international!!!  The IMF is anticipating Iraq to be a part of the world economy by the middle of 2016.  For that to happen, the IQD will need to be tradable against all, or at least most, other currencies.  Once again this change will result in yet another instantaneous increase in the demand for the dinar, thus causing even more upward pressure in the FMV value of the dinar against other currencies.  And that's what we're all looking for.

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If Obama actually agreed to work to replace the USD with the Euro, will it  or won't it send the world economy back into a world wide recession since the USD will collaspe, causing 70% of the world economies to fall, as they all count on the USD value as part of their Central Bank Reserve? Thus making this whole RV thing a mute point?

Edited by new york kevin
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