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Kaperoni: "Though the CBI reports website shows such a chart - it is not possible" 1/3/20
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Kaperoni: "Though the CBI reports website shows such a chart - it is not possible" 1/3/20
by RamblerNash Sat Jan 04, 2020 9:31 pm
Kaperoni
There is a rumor...that the CBI reduced the money supply from 45 trillion or so to around 5 trillion. This is not possible on many fronts. Though the CBI reports website shows such a chart - it is not possible. 1. the CBI continues the currency auctions. And the auctions are based on a "balance" of dinar to dollars. Offsetting that would create substantial demand for the currency. 2. the CBI has come out on numerous occasions that 70% or so of the currency in circulation is "chunky" meaning it is outside the banking system. In homes, under mattresses etc. If the money is outside the banking system as stated the CBI would not have access to it to reduce it. So one can conclude that the chart is wrong.
1/3/20
There is a rumor...that the CBI reduced the money supply from 45 trillion or so to around 5 trillion. This is not possible on many fronts. Though the CBI reports website shows such a chart - it is not possible. 1. the CBI continues the currency auctions. And the auctions are based on a "balance" of dinar to dollars. Offsetting that would create substantial demand for the currency. 2. the CBI has come out on numerous occasions that 70% or so of the currency in circulation is "chunky" meaning it is outside the banking system. In homes, under mattresses etc. If the money is outside the banking system as stated the CBI would not have access to it to reduce it. So one can conclude that the chart is wrong.
1/3/20
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