Who Really Benefits From CBI Currency Auctions?

[Luigi1]

Here's an article of Dinarian interests...

Who really benefits from CBI currency auctions?

Pimpy is only partial right.

CBI auctions are not about helping out the Iraqi people.

It's not entirely about currency reserves.

Auctions always benefits the Iraqi corrupt & Iran.

Treat as a rumor,  Not verified.  Your opine.

 

 

 

 

Pimpy:                     Who Really Benefits From CBI Currency Auctions?

ARTICLE:  Auctions…are not about dumping the Dollar.   Currency auctions are held for a reason…They take the USD & sell them to banks & exchange for foreign currency.  That’s how they’re able to build up their foreign currency reserves to…$115 billion.   Not only that but it helps stabilize the Iraqi Dinar ER against other foreign currencies…This isn’t about proof they’re dumping the Dollar…This is not about De-Dollarization.

[Luigi1]

HOT: XRPL Has Been Given The Green Light To Move Forward With This New Generation Of Income Moving Through The Monetary System.

 

 

Goldilocks:                   A Decentralized Monetary System.

ARTICLE: "Instead of relying on traditional buyers & sellers in a financial market, AMMs keep the DeFi ecosystem liquid 24/7 via liquidity pools."
Automated Market Makers (AMMs) allow digital assets to be traded without permission. They trade automatically through liquidity pools instead of traditional market buyers & sellers.  

A  liquidity pool is a smart contract containing a reserve of two or more cryptocurrency tokens inside a decentralized exchange (DEX). 

This allows people & Banks the ability to create liquidity beyond the token they are holding (XRP) that is just simply sitting idle without these other assets to help them to grow a passive income.

Smart contracts are scripts that automate actions between two parties through agreements to exchange crypto currency 24/7 to generate funds for an original token such as XRP just sitting idle.

On February the 14th, 2024 XRP will be allowed to operate inside a decentralized monetary system generating liquidity for their network through non-traditional trading means.

In other words, we are about to see a self-sustaining model of digital money begin to automate liquidity.

 

Here is the benefit of this new mechanism coming into play.  Banks own a lot of XRP around the world & XRPL has been given the green light to move forward with this new generation of income moving through the monetary system.

Don't forget. XRP is a commodity-based monetary network.  The ability to generate the commodity sector of the market through banking transactions utilizing XRP around the world is a monumental achievement.