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Project number Ah dat: 32 Central Bank selling money orders b {200} billion dinars for the four banks | |

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Shredd

Shredd
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Project number Ah dat: 32
Central Bank selling money orders b {200} billion dinars for the four banks
Wednesday, 12 June 2013 17: 48 | [You must be registered and logged in to see this image.] |  | 
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{Baghdad: Euphrates news} the CBI acknowledged an open bidding auction { C86} to sell bank transfers for {19} days $ {200}.
According to a statement by the information Office of the Central Bank received {forat news} "on the full amount of the offering was sold with a discount rate of {5, 10%}".
The number of participating banks were {5} "," {4} banks including the amounts won.
The Iraqi Central Bank held a public auction bidding {C85} to sell bank transfers in the thirtieth of may last for {90days} and $ {200}.
[ltr]Where the sale of {180} billion dinars from the offering price of discount {5%}, and has won five banks by amounts provided finished[/ltr]


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Shredd

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If this works, this dollarization will be the extent of the measures the CBI will take to normalize the pricing. Let's see if it works....


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chiara


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I wish I understood, but alas, I do not---could you explain dollarization? 
Thank you Shredd Smile

Shredd

Shredd
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chiara wrote:I wish I understood, but alas, I do not---could you explain dollarization? 
Thank you Shredd Smile

The CBI is flooding the market with dollars in an effort to lower the price of the dollar, thereby increasing the rate of the dinar. The goal is to get it down, closer to the program rate of 1166. The pricing needs to be stabilized and under control before any monetary policy changes can be implemented.


_________________
"Do not wear yourself out to get rich" - Proverbs 23:4

chiara


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Shredd wrote:
chiara wrote:I wish I understood, but alas, I do not---could you explain dollarization? 
Thank you Shredd Smile



The CBI is flooding the market with dollars in an effort to lower the price of the dollar, thereby increasing the rate of the dinar. The goal is to get it down, closer to the program rate of 1166. The pricing needs to be stabilized and under control before any monetary policy changes can be implemented.
Thank you very much.

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