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MilitiaMan says -- the tools are in place to raise the balance of the Central Bank  DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

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MilitiaMan says -- the tools are in place to raise the balance of the Central Bank

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MilitiaMan says -- the tools are in place to raise the balance of the Central Bank  Empty MilitiaMan says -- the tools are in place to raise the balance of the Central Bank

Post by Ponee on Mon Jun 24, 2019 8:56 pm

 Newshound Guru MilitiaMan 


Article:  "Interbank Market The Central Bank launched the electronic platform for trading between banks operating in Iraq (FX, Money Market)"  Quote:  "A platform that establishes an organized electronic financial market that opens and facilitates the way for foreign investment in Iraq."   They signed the Deal with the Indian Firm now the CBI says this... Keep in mind that FX, Money Markets are the largest markets in the world! 

Alak is clearly talking imo about currency carry trade. 

He needed to do the calculations to get to  a rate that will be stable and steady with a strong interest rate, thus, traders can carry the currency trade...


Now lets watch the Proxies go by the way side to usher in the fully seated Ministers and the new Fully seated currency rate Alak has for us at the same time or just after the Ministers sit. The GOI institutes the CBI, yet the CBI is independent. 


So once Ministers are seated then Alak can talk!!..imo.


 Sure looks exciting imo... 

The CBI has set the stage to go live from the picture I am seeing in all this data they are putting out. 


 Article:  "Central Bank Governor: We are proud of Samir Al Nusairi's book and thank the Association of Banks for its support"  

 Effectively it looks as though Alak has set the stage to create, if not already implemented the time frame to use the mechanism to turn the auctions off as we know them, as they are ready to correct the large structural imbalances to a position of balance...

the tools are in place to raise the balance of the Central Bank (read Exchange Rate, imo) !!


06.23.2019

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