rockfl9 Posted January 5, 2019 Author Report Share Posted January 5, 2019 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 .. 1 1 Quote Link to comment Share on other sites More sharing options...
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