""NOT BAD, RIGHT?" BY DINAR IRAQ & DONG VIETNAM, 17 SEPT

 The CBI can (and probably will) put a hefty spread their buy price – I’ve heard it will be at least 8% if they RV high.

This means they will sell the Dinar for $1, but they will buy it for $0.92

Personally, I’d be grateful and overjoyed to see a 8% spread on a $1 RV!

Most likely, we will only see about $0.92 per Dinar at a $1 RV by the time it gets in our hands (every party involved will take a little chunk, unless you are physically able to go to the CBI.

And you can’t do that.

So, just accept it – you’re going to pay a spread.)

Once again, the extra numbers aren’t important right now – the only number that’s important is the $1 and the $0.92, because that’s what the CBI is worried about.

Let’s say there is a billion USD worth of Dinar out there right now, or 1 trillion IQD.

The CBI pays $0.92 for every $1 worth of Dinar, then resells it the next day for $1.

That’s a profit of $8 billion just on the spread.

Not bad, right?

BY DINAR IRAQ & DONG VIETNAM