Now that is some of the best news I have seen this week. I know that we have been tracking how much has been pulled from circ. but this is proof that we are spot on with our theories.
Excellent find.
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I agree with every thing you said! My point is that everybody seems to think that every bit of the CBI auctions are taken out of circulation. That is just not right. When we pass the point of amount printed My Theory will be proved the right one I feel. Only time will tell!
What puzzles me is where the local banks are getting the dinar they use to buy the dollars at the auctions. I know that, when the rate was 1400 - 1500, people were turning in their dinars for dollars as soon as they got their pay but I thought that was changing. Even so, the employers would have to get dinars to pay them in the first place so there should have been an ebb and flow at the local banks. Also, the government is taking in dollars every day from the oil and yet they'll be paying in dinar - they have to exchange those dollars somewhere. It sure does confuse me!
And now in keeping with Neno's request for me to post more often . . . & On the light side . . .
Hmmm . . . now the situation begins to come into focus . . . we have a superfluity of diminutive gals holding dinar . . . that's the problem . . . [ LOL ] . . .
Best to all . . . RR . . .