Thursday, March 6, 2014

Newshound/Intel Guru BGG


 Article: "CBI records 163 million dollars in sales today" This is a couple of days old…I reposted it to make a couple of points…Recently they have been recording record lows…with 97,000,000 being the lowest in years.1) Key phrase…"He added that the bulletin showed that the number of banks participating in the auction today of 17 banks did not make any of them offers to sell the dollar.<<< This implies the CBI DID NOT SELL any of the 17 banks USD…meaning they were selling them IQD ONLY.


2) Key phrase…"while the value of foreign remittances 134 000 722 thousand dollars and the exchange rate was 1187 dinars per dollar…” – clearly makes the point there were “foreign remittances” – meaning NOT DINAR being remitted to the CBI…using the USD value as a baseline… FOR DINAR.

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