Iraq Is Losing Half Of The Monetary Reserves In Two Years !

[DinarThug]

CNN. Broadcasting The Status Of The Reserves After The Costs Fighting ISIS And Having Previously Been On The Maliki Corruption Diet !

 

(by don961)

Iraq is losing half of the monetary reserves in two years

Reload 03/22/2017 11:23 BAGHDAD / JD / .. number of specialists in the financial and economic affairs for the loss of Iraq revealed about half of the cash reserves of hard currency during the years 2015 and 2016 due to austerity and the financial crisis that have beset the country, which the government was forced to withdraw some money from the reserve in addition to the loans in a walk State financial matters, reaching monetary reserves without the $ 40 billion after it was up by about $ 80 billion. Specialists believe that this measure is a threat to the national currency because foreign reserves is a cover of the national currency. The cash reserve for any Bld, safety valve, which provides state-of hard currency for trading and import, as well as to provide financial cover in the event of state revenues did not meet in the cover Ahtaajatha, usually revenues derived from oil and natural resources, industrial or agricultural or Altjara, and other revenue production availability of funds for financial balance Alsnoah, and manipulation of this cash reserve or drag it may lead to a significant risk that can not be processed. He says the decision of the Finance Committee Ahmed Haji told / JD /, that the reason for the decline in the monetary reserves of foreign currency due to the financial crisis that hit the country because of lower oil prices, which have made the government relies on internal and external borrowing to stroll financial matters in the state, which led to a large decline in hard currency. For his part, revealed the parliamentary finance committee member Sarhan Ohamd, for the withdrawal of the government about $ 40 billion of Iraqi cash reserves. Ahmed told / KD / "The government has withdrawn about 48 billion dollars deposited in the Central Bank of Iraq since 2014 until Alan, cash reserve which is equivalent to more than half of the strategic stockpiling of about $ 80 billion." And that "inventories remaining at the Central Bank amounted to about $ 40 billion a month just before", adding that "the budget deficit and the decline in world oil prices and the war on terrorism are all factors causing fatigue entire economy." As a member of the economic and investment commission in Parliament MP Salam al-Maliki, the central bank carried the decline size of the cash reserve currency. He said al-Maliki told / KD / that "there are measures included many of the suspicions of corruption and fraud what is known as a window of foreign currency sale at the central bank that caused the depletion of the currency of the country, and led to the reserve decline of the dollar in the bank treasury and that she was more than $ 80 billion to Anonymous No central bank can not permit it. " The International Monetary Fund has warned of the continuing decrease in size of the monetary reserves of hard currency at the Central Bank of Iraq because it will affect the Iraqi economy in general and the dinar Khas.anthy / 8 / http://www.dananernews.com/news?ID=8161

[Synopsis]

Thank You, DinarThug, for posting this fantastic article!

Go Moola Nova!

[jeepguy]

Close   all but 1  foreign currency window ... Shut off the faucet , open the dinar value pool,. Get the dinar flowing,. 

[Freedomwish]

8 minutes ago, jeepguy said:

Close   all but 1  foreign currency window ... Shut off the faucet , open the dinar value pool,. Get the dinar flowing,. 

Yeah!! Get it flowing!!!! 

[tigergorzow]

18 minutes ago, jeepguy said:

Close   all but 1  foreign currency window ... Shut off the faucet , open the dinar value pool,. Get the dinar flowing,. 

JG, DV,  The currency auction will possibly stop o/a "Liberation Of Mosul" is completed IMHO.   Then we shall see the dominoes fall like a "Waterfall".

Keeping the faith!!

GO RV / RI

[WheresmyRV?]

Simply put, Keywords needs to go and fast before there is nothing left and he funnels all the money to his buddy Malaki.

[jeepguy]

4 hours ago, tigergorzow said:

JG, DV,  The currency auction will possibly stop o/a "Liberation Of Mosul" is completed IMHO.   Then we shall see the dominoes fall like a "Waterfall".

Keeping the faith!!

GO RV / RI

that is a possibility ,  after mosul ,  but  the central banker boys , have been selling off the foreign currency for a long while I think ,   and after mosul is liberated  , the rebuild and health and food aid too begin , this will need to be handled  by folks who will use the money that will get the most , which right now is any thing but dinar ,  so I hope  central bank is watching the influx of people too help , and  take the lead on dinar value ,  the incoming foreign cash exchanged for dinar ... 

[ChuckFinley]

5 hours ago, jeepguy said:

Close   all but 1  foreign currency window ... Shut off the faucet , open the dinar value pool,. Get the dinar flowing,. 

Why is it we all can figure it out except the group that needs it.  

[Laid Back]

5 hours ago, tigergorzow said:

JG, DV,  The currency auction will possibly stop o/a "Liberation Of Mosul" is completed IMHO.   Then we shall see the dominoes fall like a "Waterfall".

Keeping the faith!!

GO RV / RI

I agree my friend.!

The new monetary reform was put on hold waiting for the liberation of Mosul.

Go liberation of Mosul 

Go new monetary reform

Go RV

Go 2017

Go $1:1+

[sandfly]

Before I put value to it, m and all the ones that took and stole the money. I would take it back. Then add value to it, so they can feel what it's like to be poor. Then give them jobs cleaning port a johns 

[Rockymtnhi]

This is an alarming article.  Not good news.  They have gone through half of their reserves. To make matters worse oil prices are dropping again.  

[DinarThug]

8 hours ago, Rockymtnhi said:

This is an alarming article.  Not good news.  They have gone through half of their reserves. 

Perhaps If Their Currency Had Some Value - They Wouldn't Burn Thru Their Reserves So Fast !

   

 

Edited March 23, 2017 by DinarThug

[Boozer]

they have now they had this problem for some time and no one has stopped it . Maliki is still a free man taking faster than it comes in.he is not the only one.so much is need before an RV can take place. My hope of March have gone, and April does not look good at this time. I hope Im wrong and this thing Pops, sooner.. I too like all of you want off this ride and start a new chapter in our lives ..

[vomer]

2 hours ago, DinarThug said:

Perhaps If Their Currency Had Some Value - They Wouldn't Burn Thru Their Reserves So Fast !

   

 

But i thought the reserves is what would back the currency after an RV.  I think they are using Daesh, Mosul, low oil prices, and whatever else as excuses to not RV.  

[DinarThug]

On 3/22/2017 at 10:06 AM, DinarThug said:

that "there are measures included many of the suspicions of corruption and fraud what is known as a window of foreign currency sale at the central bank that caused the depletion of the currency of the country, and led to the reserve decline of the dollar in the bank treasury and that she was more than $ 80 billion to Anonymous No central bank can not permit it. "

 

14 minutes ago, vomer said:

But i thought the reserves is what would back the currency after an RV.

It Is - But U'll See Within The Article The Steps Which Have Been Taken To Phase Out The Auctions As A Means Of Rampant Corruption !

Coupled With The Imminent Elimination Of Daash Now That The US Has A REAL President Committing ALL Of The Resources - Iraq Will No Longer Have That Large Drain Of Capital On Their Reserves During What Had Been An Ongoing Stalemate !

    

The Clown Passes Out After Having To Concentrate For More Than 30 Seconds And Rolls Back Under His Bar Stool ...

    

 

 

[SnowGlobe7]

[kenshin7]

This may force them to revalue the currency faster and also get moving with more oil sales.  this article is actually good

as this places them to the final point where they have to act for the country and the people.

[Texstorm]

2 minutes ago, kenshin7 said:

This may force them to revalue the currency faster and also get moving with more oil sales.  this article is actually good

as this places them to the final point where they have to act for the country and the people.

I like the way you think kenshin7 ! I have had enough negatives for today, now it's 5 o'clock somewheres ! 

[Laid Back]

The CBI can go as low as $30 billion in the hard currency reserves and still be able to cover imports for 6 months

40 minutes ago, kenshin7 said:

This may force them to revalue the currency faster and also get moving with more oil sales.  this article is actually good

as this places them to the final point where they have to act for the country and the people.

Agree with you K7, This is going to put more pressure on the CBI to give real market value to the dinar

Go RV

Go 2017

[10 YEARS LATER]

Kinda looks like we're heading to the point of no return - CRUNCH TIME BABY  ! ! ! ! 

[ChuckFinley]

It seems how they work best. Back them into a corner with no way out and they do something.  Give them time and they will go on holiday.  

[tigergorzow]

45 minutes ago, ChuckFinley said:

It seems how they work best. Back them into a corner with no way out and they do something.  Give them time and they will go on holiday.  

CF,  Totally agree and the U.S. & Others should keep the pressure cooker on "Extra Hot" in regards to "Billions" loaned....

[ChuckFinley]

2 minutes ago, tigergorzow said:

CF,  Totally agree and the U.S. & Others should keep the pressure cooker on "Extra Hot" in regards to "Billions" loaned....

For sure, we have to keep the heat on.