Delta

MONDAY IS A HOLIDAY IN IRAQ SO CBI HAD 2 AUCTIONS BUT IT WAS STRANGE THAT FOR SUNDAY THE VOLUME  WAS 0  AND THIS WAS THE FIRST TIME I SEE THIS PATTERN…BUT FOR MONDAY THE VOLUME  IS REGULAR NUMBERS…BANKS SUBMIT THEIR  REQUEST FOR AUCTIONS IN ADVANCED SO WHAT DID THEY KNOW…CBI WILL SEND MEMO 24 HOURS IN ADVANCED TO BANKS BEFORE RATE CHANGE.