What is the CBI telling the world when it is in the process of using its gold reserves to purchase its currency from the citizens of Iraq? …the CBI owns the IQD…why would they want to buy it back? …unless they have plans to do what?
A person buys an undervalued stock NOT if he/she believes it will go down in value…instead, you buy it believing it will go up in value.
The difference here is that the CBI is the issuer of the stock … the IQD … they CONTROL its value and here they are wanting it back.
IMO, we are watching the end of the process to reduce the note count … using gold is the one tactic that will get the rest of it in.