Nathan

  In Nathan

I actually do know people in the CBI…I went to school in the Middle East…a number of my school friends are now in prominent positions in Iraq and two of which are quite high up in the CBI…the auctions started a couple days ago…the purpose of the auctions is to supply US dollars into the Iraqi economy…the majority of the dollars provided to the CBI are in digital format because the CBI receives its dollars from oil sales…I’ve been to the CBI auctions.  Very rarely does the CBI actually supply the physical USD currency for the auctions…the CBI auction’s main priority has been to distribute the digital US dollars into the Iraqi economy…I would expect the actual cash physical currency…auction within the next few days/couple of weeks…I don’t know that for sure.  It’s an educated guess.