2-12-2014 Newshound Guru Kaperoni Article
quote: "Central Bank announces
directly funded Iraqi banks open accounts in the bank 10/2/2014 Announced the
central bank directly for a large number of Iraqi banks, public and private
funding of open accounts in the bank. According to a statement by the Central
Bank that a large number of Iraqi banks started financing open accounts in the
bank for the purposes of the foreign currency auction returned directly funded
banks accounts quick response to new instructions approved by the Bank CBI
recently." this is exciting stuff...the CBI wrote some new rules last year for the
daily currency auctions. the actual new rules were posted back in Sept on
CBI. they tell the banks they are changing the currency
auction format and going to a new Open Market operations where the CBI is no
longer the provider of foreign currency unless
absolutely neccessary. [post 1 of
3....stay tuned]
