Kaperoni doesn't see the CBI removing dinar or reducing the money supply with these bonds.

by **Ponee** Thu Jul 30, 2015 9:58 am

Kaperoni

Article: "Securities available to the public raise the credit rating of Iraq to facilitate external borrowing"

To me, it seems clear the purpose of these bonds is to get the dinar out of the mattresses and pillows and to the banks to buy these guaranteed bonds payable in dollars in 12 months.

As a result, the banks get the dinar to circulate and relieve the liquidity crisis as stated..."to provide financial liquidity to limit the financial crisis".

I don’t see the CBI removing dinar or reducing the money supply with these bonds.

by **Kevind53** Thu Jul 30, 2015 10:48 am

The purpose of the bonds is to raise money for government funded projects and activities. Just like every other bond ever issued anywhere in the world. They are and always have been essentially loans that pay interest when mature, in this case, most likely tax free.

The intent of bonds has never been to increase or decrease money in circulation.

Kaperoni doesn't see the CBI removing dinar or reducing the money supply with these bonds.

Kaperoni doesn't see the CBI removing dinar or reducing the money supply with these bonds.

Re: Kaperoni doesn't see the CBI removing dinar or reducing the money supply with these bonds.