The Iraqi banks paid 3 trillion and 749 billion dinars for the fourth month of this year, 4 trillion and 634 billion dinars to buy dollars in the fifth month of this year, with paid 4 trillion and 177 billion dinars in the sixth month.
Chalabi where did you get these banks on these massive amounts of Iraqi dinars to buy dollars at an auction in the CBI?
CONFIRMATION, IT’S VERY CLEAR FOLKS. Aimed at withdrawal of liquidity from the market and 12 + TRILLION DINAR OF LIQUIDITY THEY BROUGHT IN = RV.
YOU REALLY CAN’T GET MORE CLEAR THAN THAT. THEY ARE GOING TO OFFER TO THE CITIZENS TREASURY TRANSFERS, GOLD COINS TO KEEP THE PEOPLE FROM GAINING WEALTH THRU HOLDING ON TO THE USD. A BIG, BIG PART OF DE-DOLLARIZATION.
A LONG TERM TREASURY BOND OFFERING TAKES CARE OF DEBT AS IT DID WITH THE PARIS CLUB DEBT THAT WAS NOT FORGIVEN BY CHINA AND THE OTHER MANY COUNTRIES.
THERE IS STILL SOME MORE THOUGH THAT NEEDS COMPLETED. ARE THEY SAYING THAT THE DAILY BOND OFFERINGS THRU THE DAILY AUCTIONS ARE DOING THIS? I’M NOT SURE BUT IT COULD BE.
“The Bank bonds and treasury transfers are sold at weekly auction held by the Central Bank for this purpose.”
I BELIEVE THEY ARE FOR SURE WANTING THE IRAQIS TO GAIN WEALTH THRU SOMETHING ELSE THEN THE USD.
SO, THE NEXT REASONABLE THING IS TO MAKE THEM PROUD OF THEIR OWN CURRENCY THE NEW AND OLD DINAR BY GIVING THEM A REAL VALUE.