2-12-2014 Newshound Guru Kaperoni

2-12-2014   Newshound Guru Kaperoni these banks now have 250m in capital so they dont need the CBI.  so, the basic auctions now have changed and are now called Open Market.  Last Sept when this policy was created an article came out.  "the Central Bank told the House Finance Committee will follow the new theme mechanism will make a significant contribution in raising the value of Iraqi dinars before next June and will be the mechanism to raise the value of the Iraqi dinar against the US dollar."  This new rule that they implemented is the mechanism!  it is in effect now...banks are now acting under this new policy.  It started last week.  IMO this new Open Market operation is going to fix the spread issue which will allow them to raise the value.   [post 2 of 3....stay tuned]