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  1. #1
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    Guru American Contractor

    Guru American Contractor I am jumping up and down since I heard the great news. The Central Bank of Iraq has announced that they will buy Treasury bonds via the secondary market. ...currency banknotes are increasing in Iraq. We know this because the foreign reserves are not touched and will remain inside the vault. However, if truth were known the foreign reserves may have decreased. Hopefully, we will learn more at a later date. Dr. Sinan al-Shabibi has never set foot back in Iraq. Dr. Shabibi is enjoying the good life in Switzerland and has no ties to the Iraqi government. One more thing the Central Bank is no longer following the Shabibi policy and Shabibi would have never loaned any money to the private banks and the government.

  2. #2
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    he World Bank has recently published a paper on the unpegging of the dollar from the Iraqi dinar. The World Bank offers suggestions short of being a demand for the Iraq government. In Iraq, they are already exporting Oil and Gas to world markets at the going market rate. The 2015 Iraq Federal Budget will have a problem going forward. The Central Bank of Iraq (CBI) finished the week with the Iraqi dinar market rate fluctuating from 1235-1250 higher than normal. The CBI and the Parliament Economic Committee will meet this weekend (Friday-Saturday) to discuss the monetary policy (Iraq Currency) and increase the value. The Iraqi dinar has no restrictions. The Central Bank is not waiting for a budget; they are implementing their monetary policy. The current monetary policy is causing a shortage of dollars in the market. The Central Bank may raise the limit of the dollar auction sales to assist the Iraqi dinar and increase in value.


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