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  1. #1
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    Central Bank announces having a financial reserve equivalent to one and half times

    Central Bank announces having a financial reserve equivalent to one and half times the weakness of the currency bloc



    Central Bank

    2015/01/18 16:14[/rtl] 01/18/2015 16:14




    Iraqi Central Bank announced, Sunday, that the financial reserves of Iraq is equivalent to one and half times the weakness of the money supply, they returned it was "best rates" in the countries of the world, as he emphasized that Iraqi financial institutions are "unable" to the fiscal deficit coverage, stressed the need to re-examine the structure of Budget and tunnels and diversify sources of income and achieve investment more broadly to address the decline in oil prices.

    The governor of the Central Bank of Iraq on the Keywords in an interview for a number of media, including "time", on the sidelines of the third internal financial control conference held by the General Secretariat of the Council of Ministers, today, in the Rashid Hotel in central Baghdad, said that "what brought Iraq today is a result of reduced oil imports could be addressed at two levels. "[/ltr]
    The relationship, that "the first level can be in real-time processing through what could be earned by the state from internal or external loans," noting that "the second level lies in the long-term treatments through to reconsider the structure of the economy and financial management of the country and diversify sources of income."
    Keywords and continued that "all Iraqi financial institutions will not be able to bridge the fiscal deficit in the country when it is in significant levels," stressing that "this calls for a reconsideration of the structure of the budget and structural tunnels and diversify sources of income and achieve invest more broadly, the first alternative and better in order to attract private capital and operation of labor. "

    Keywords and continued that "the reserves of the Central Bank of the money variable number probably on a daily basis, according to oil exports and cover changing imports," pointing out that "the Central Bank maintains reserves at a rate of one of the very best in the world rates compared monetary mass in circulation and this is the force that is calculated by the Reserve" .

    Keywords and pointed out that "Iraq is still a reserve covers the money supply more than one and a half times in Iraq, a high percentage compared to the coverage in the world, ranging from 70 to 100%.

  2. #2
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    great !!!

    lets bail out Warka and start making money !!!

  3. #3
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    If they could revalue at 1IQD : 1USD plus they have 1.5 times of the budget, it means they could make it changes in 1IQD to 2.5USD

  4. #4
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    then a 25,000 note would be worth $25,000 USD

  5. #5
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    Quote Originally Posted by Will-it-happen? View Post
    then a 25,000 note would be worth $25,000 USD
    the large denomination bills would be removed from circulation by people depositing them into their accounts in warka bank,,,

  6. #6
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    Quote Originally Posted by Will-it-happen? View Post
    then a 25,000 note would be worth $25,000 USD
    Iraqi's MATH is more difficult to learn if they said 1IQD=2.5USD

    Then the answer with your question is 25,000 IQD note = 25,000 USD

  7. #7
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    Quote Originally Posted by Brazileiro View Post
    the large denomination bills would be removed from circulation by people depositing them into their accounts in warka bank,,,
    now that's funny ... LOLOLOLOLOL - yes, many here know how efficiently that works LOLOLOLOL - Maybe David Copperfield should be the spokesperson for the CBI / Warka Bank / Brokerage ?

  8. #8
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    Their monetary base has declined from $61 billion Dec. 2013 to $57 billion Dec. 2014. Their net Foreign Reserves have declined from $76 billion Dec. 2013 to $63 billion Dec. 2014. Expect further declines as oil is 95% of their GDP and has declined in price ~ 50%. Some Dinar will either be withdrawn from circulation or decrease in value if the Foreign Reserves decline to the value of the monetary base. Iraq's GDP is ~ 1/26 the size of California's GDP. It is not logical to think that the value of the Dinar will exceed Iraq's GDP with some type of RV.
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  9. #9
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    Quote Originally Posted by Screaming Eagle View Post
    Their monetary base has declined from $61 billion Dec. 2013 to $57 billion Dec. 2014. Their net Foreign Reserves have declined from $76 billion Dec. 2013 to $63 billion Dec. 2014. Expect further declines as oil is 95% of their GDP and has declined in price ~ 50%. Some Dinar will either be withdrawn from circulation or decrease in value if the Foreign Reserves decline to the value of the monetary base. Iraq's GDP is ~ 1/26 the size of California's GDP. It is not logical to think that the value of the Dinar will exceed Iraq's GDP with some type of RV.
    "It is not logical to think that the value of the Dinar will exceed Iraq's GDP with some type of RV"

    This is when all of your confusion began here, many years ago - it was the day you started to equate Iraq with any sort of logic.

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