Kaperoni says if the dinar was being significantly removed, a substantial amount of pressure would be on the dinar value to rise in the market

by **Ponee** Sun Feb 02, 2014 4:06 pm

2-2-2014 Newshound Guru Kaperoni Article: "35 trillion dinars, the volume of cash in circulation" ...the very principles of the currency auction tell us that dinar has to remain in circulation until they begin the transition. Remember that the Auctions primary purpose (and the CBI's) is monetary stability.

That is achieved by a balance of currency dinar to dollar. If one or the other depletes, it creates demand for that currency. Therefore, if the dinar was being significantly removed, a substantial amount of pressure would be on the dinar value to rise in the market.

...We know based on the auction results that in fact, just the opposite is occurring...that the CBI cannot maintain the desired 2% spread and in fact the dinar is getting weaker. And the suggestion of selling gold or bonds for monetary policy supports that information.

Back in 2012, an article or two came out that Shabibi removed 12 trillion dinar through the auctions over a 3 month period...much of which I am sure went back...for salaries, etc.

READ THE FULL ARTICLE HERE -- https://www.dinardaily.net/t31108-35-trillion-dinars-the-volume-of-cash-in-circulation#202108