In the document ... Rafidain demands the central bank to invest billions of customer deposits for "liquidity management"

[yota691]

 

In the document ... Rafidain demands the central bank to invest billions of customer deposits for "liquidity management"

 

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Follow - up / Press tomorrow: I 

got "Tomorrow Press" on Sunday, a document issued by the General Directorate of the Rafidain Bank, addressed to the Central Bank of Iraq, on investment and financial deposits. 

The document called for the investment of a fixed deposit of 500 billion dinars from customers' deposits for 30 days and the monthly interest.

It also called for the investment of a fixed deposit of five hundred million dollars, for five years, renewed annually, with an annual interest rate of 1.5% ؜ as a measure of liquidity management in the bank, as well as a deposit of two hundred and fifty million dollars, . 

These measures, according to the directives of the Governor of the Central Bank, were to manage liquidity, to hedge and to meet withdrawals from the bank's customers and deposits.

 

[dinarbeleiver]

how come no one is commenting on this. This looks very significant to bringing liquidity of the Dinar

[js214]

3 minutes ago, dinarbeleiver said:

how come no one is commenting on this. This looks very significant to bringing liquidity of the Dinar

Many of us are at work right now..give it time

[steveh12]

well I'm retired. 😁

[Rmc10]

[gregp]

Here we go!

[10 YEARS LATER]

18 minutes ago, steveh12 said:

well I'm retired. 😁

 

For me . . . 

[10 YEARS LATER]

9 minutes ago, gregp said:

Here we go!

Exactly what I said after 2 bowls of chili 😅 

 

im picking up what you’re laying down GP . . . Pretty darn close now ( at least I hope ) 

[Rugbylaird19]

Am I reading this as another way to get the "chunky money" off the streets?  Or anything else?

[justchecking123]

1 hour ago, dinarbeleiver said:

how come no one is commenting on this. This looks very significant to bringing liquidity of the Dinar

They're probably waiting for "Kap's take" on it. 

 

[FXStockpiling]

They need liquidity in the market so there are no lag times in transactions. Always someone buying or selling so if the bank provides the cash for the transactions they will be instant when needed so that a buyer or seller would not have to wait for the market in case of too many one way transactions.

[dinarbeleiver]

2 hours ago, js214 said:

Many of us are at work right now..give it time

LMAO sorry I forget most of you are in a different time zone to me

[dinarbeleiver]

1 hour ago, justchecking123 said:

They're probably waiting for "Kap's take" on it. 

 

Brilliant it will be related to a float theory that is the only possible outcome according to the cross dresser 

[10 YEARS LATER]

3 hours ago, dinarbeleiver said:

LMAO sorry I forget most of you are in a different time zone to me

 

Some of us are on a different planet.  

[skeetdog]

Thanks Yota...Come on open-economy...Last I checked, this's what banks are suppose to do...The Banks are already OK'ing the release of physical dinar (cash-back) through the money cards transactions to get liquidity in the markets...Once the UN release Iraq from their sanctions and Chapter 8 unites the CBI's hands...it aughta be "Game-on" "Cowboy-up"....walk around front to give the camel a kiss...something...jmho

[SupraRacer]

3 hours ago, 10 YEARS LATER said:

 

Some of us are on a different planet.  

 

For you 10YL its that third rock from the sun.