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Kaperoni - Article: A Source Reveals For "Tomorrow Press" About The Siize Of The Cash Reserve At The Central Bank"!

DinarThug

By DinarThug,
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DinarThug Newbie

DinarThug

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CNN. Broadcasting While Getting Overly Excited !

 

1-30-2017   Newshound Guru Kaperoni   Article:  "A source reveals for "tomorrow Press" about the size of the cash reserve at the central bank"  Quote:  "the Iraqi dinar is still safe despite the decrease in the reserve, is expected to return to its former glory after the end of the war on Daesh."  Don't get overly excited.  The end of the war on ISIL (or Dash) is as soon as Mosul is clean. Which is still 30 -90 days in the making.  Former glory clearly means a rate at 1 to $1 or higher and is not a reference to Market Rate or the spread...but that does not mean it would happen overnight.  In fact, I do expect the float to start this year.  And if so, it could reach a rate that would qualify as "former glory" next year or the year after as the dinar appreciates gradually.

 

1-30-2017   Newshound Guru wmawhite  Article quote: "the Iraqi dinar is still safe despite the decrease in the reserve, is expected to return to its former glory after the end of the war on Daesh."   It is coming from the CBI.   You have heard before about Iraq saying that their currency would be great and powerful.  ...the CBI is again telling the world that the Iraq Dinar is going to be great, strong and return to its glory days.  The CBI owns the IQD...it determines its value.

 

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DinarThug Newbie

DinarThug

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Here's The Article That Is Being Discussed ...

On 1/29/2017 at 10:29 AM, DinarThug said:

CNN. Broadcasting Today For 'Tomorrow Press' !

 

(by walkingstick)

A source reveals for "tomorrow Press" about the size of the cash reserve at the central bank 

 14:18 29/01/2017 

BAGHDAD / tomorrow Press A government source revealed on Sunday, for the low monetary reserves of the Central Bank of Iraq to $ 45 billion, as a result of the deterioration of oil .prices and the continuation of the "waste" of public money, said the source for "tomorrow's Press," that "the government has stopped at the moment Antrza, dependence on bank reserves began to take advantage of the state's resources and borrowing, "noting that" the high price of world oil market also contributed to stop relying on the financial reserve. " He added that "the central bank's reserves in 2014 was 87 billion dollars, and as a result of cost to the country because of the war on Daesh and lower oil prices, Iraq relied on this reserve for running the country and the payment of staff salaries and the needs of the market, "pointing out that" waste of ".money year contributed to the decline in current reserves to 45 billion dollars He pointed out that" the Iraqi dinar is still safe despite the decrease in the reserve, is expected to return to its former glory after the end of the war on ".Daesh

http://alghadpress.com/ar/news.....8%B2%D9%8A

RE......

Keywords: $ 45 billion in Central Bank reserves and turned to support budgets

http://www.mawazin.net/%D8%A7%.....8%A7%D8%AA

 

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SgtFuryUSCZ Apprentice

SgtFuryUSCZ

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:huh:

...45 Billion in Bank Reserves... to support  "budgets"....

 

Is covering outstanding IQD notes when their currency experiences a revaluation in that "budget"....?

Doesn't sound like it....

We heard - years ago... during the Dr. Shabibi era -  the +/- figure to cover a ReVal would be somewhere in

the neighborhood of 53 Billion....

 

Maybe they found that so much of the IQD stolen by the evil da'esh has been destroyed, they no longer need to meet that

53 Billion threshold and can pull it off with / for a lot less !  :twothumbs:

 

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blueskyline Enthusiast

blueskyline

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On 1/31/2017 at 0:46 PM, DinarThug said:

Here's The Article That Is Being Discussed ...

 

the inability of the Government of Iraq to adopt a precise estimate of the value of the frozen assets abroad , which can be converted to Fund DFI [the Committee of experts at the time suggested to the Ministry of Finance and the follow - up that file by Aidip]. " ....I would guess the CBI and its reserve would get some of this too .....Whatever it may be . Being the Government can't find away to calculate the amount . So much that it is "Incalculable" ??????? !!!!!!!!! ???????

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skeetdog Mentor

skeetdog

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Thanks DT....

On 1/31/2017 at 1:28 PM, SgtFuryUSCZ said:

Maybe they found that so much of the IQD stolen by the evil da'esh has been destroyed, they no longer need to meet that

53 Billion threshold and can pull it off with / for a lot less ! 

....Ladies, yall might be closer to the truth than we all know...There's the possibility the dinar stolen by Daesh was either confirmed destroyed or recovered...Not to mention the funds frozen by President Trump in the US banks...and what ''blueskyline'' contributed...

 

On 2/2/2017 at 0:23 AM, blueskyline said:

the inability of the Government of Iraq to adopt a precise estimate of the value of the frozen assets abroad , which can be converted to Fund DFI [the Committee of experts at the time suggested to the Ministry of Finance and the follow - up that file by Aidip]. " ....I would guess the CBI and its reserve would get some of this too .....Whatever it may be . Being the Government can't find away to calculate the amount . So much that it is "Incalculable" ??????? !!!!!!!!! ???????

 

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