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!
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.
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