Mountain Goat

Mountain Goat – Dinar Guru    I see that there is so much concern about the latest news about how the CBI is now setting the old dinar rate of 1190 (about 84 cents) to 1450 (about 69 cents). What is the CBI doing?  I know we all expected the program rate to get closer 1.00 from the 84 cents prior to the project to delete the zeros. So, what happened and why is the CBI doing this and doing it now? …by doing this the CBI is cutting out the spread that is made in the currency auctions and money exchangers. …by having done this it is hurting the banks and their profit margins and the money laundering going to Iran. Next, it is forcing the banks to invest in other profitable ventures and not get so dependent on the currency auction revenues, which are going to end soon.  [post 1 of 2]

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