|
Search the Community
Showing results for tags 'reserves.'.
Found 2 results
-
Luigi found this article of Dinarian interests... Treat as a rumor. Not verified. Your opine. BLC: Article: CBI reveals the size of the cash reserves & confirms the rise of Iraq's gold reserves. CBI renewed assurances to the Iraqi citizens that the continued rise in oil prices in the global markets contributed to the cash reserves of hard currency, stressing the rise in gold reserves. -
Luigi found this article of Dinarian interests... Iraq forced to raid CBI reserves to pay it's employees till the end of the year. Many fear, the CBI will have to be raided again, to pay wages in 2021, if the RV dosen't happen. Iran just annouced a LOP of 4 zeros off it's currency to control hyper inflation. The fear of Dinar investers are the CBI will be raided again, then be forced to LOP, without any reserves. Iraq is broke & must take financial actions now, just to remain solvent. The new Borrowing Law justified GOI's raid on CBI. Treat as a rumor. Not varafied. Your opine. BondLady: The decline in the reserves of the Central Bank of Iraq to 35 billion dollars .. And the reason! The Parliamentary Finance Committee revealed, on Sunday, that the Iraqi reserve in the Central Bank of Iraq has decreased to 35 billion dollars after the withdrawal of the second loan by the government. A member of the Parliamentary Finance Committee, Abdul Hadi Saadawi, said that "the reserves of the Central Bank of Iraq before the vote on the loan amounted to 51 billion dollars." He added that "the second loan voted by the House of Representatives pushed the government to withdraw 12 trillion dinars," noting that "the reserve has decreased to 35 billion dollars." He explained that "the government has made Iraq in a difficult position and in front of it the remaining months of this year to take urgent steps to advance the economy to preserve the remainder of the reserves of the Central Bank of Iraq."
