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IQD Fact sheet

rockfl9

By rockfl9,
in LOPster tank

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rockfl9

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More facts 

The CBI is NOT buying up IQD and destroying it   GURU  POO to make you think the rate should be increasing !

The CBI site reports there are 45T plus dinar in circulation and it has been increasing.

The high spending Maliki admin signed a lot of contracts based on "soft" loans , i.e. deferred payments comming due SOON. some were cancelled or postponed due to ISIS but even so there are payments for work started and cancellation charges due.. We dont know when but these payments willl have to show up in the budget at some time in the future.  Of course they could refuse to pay but that would make investors think twice before doing future business.

The cbi "auctions" are really just a gimmic to restrict who is allowed to buy USD.   If they allowed all Iraqis to buy dollars they would all buy from the bank instead of the market .. 

   

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rockfl9
rockfl9

I hope this would be a counter thread to the RUMORS topic. FACTS ONLY. !. The IQD is a FIXED EXchange  rate currency . That is Its value is backed by Hard currency reserves at a stated rate, Thus

Texstorm
Texstorm

Fact# 1.....The IQD we hold is grossly undervalued. Fact #2 .....The IQD was once fixed to the U.S. dollar at rate of $2.8   Fact # 3  There is currently no currency in the world pegged to the IQD  Fa

Starrider
Starrider

I'll go with RV for 200 please There has to be a value if they want to attract investors nobody wants to be paid in wall or toilet paper.  

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