Central bank: hard currency reserves have exceeded 88 billion dollars

[yota691]

 

Iraqi Central Bank Governor Abdul-Basit Turki imaging (mjm)

Central bank: hard currency reserves have exceeded 88 billion dollars

 

Author: ASJ 
Editor: BK, BS 24/11/2013 14:08 Number of readings: 47 
 

 

 

 

Long-Presse / Baghdad

Revealed the CBI, on Sunday, the arrival of foreign currency reserves of more than 88 billion dollars, indicating that it contributes to the stability of the dinar could be a "source of pride" for the Iraqis.

The governor of the Central Bank and the Agency, Abdul-Basit Turki, said in an interview to the (long-Presse), "The bank accounts the beginning of October 2013 the past, recorded a reserve exceeds 76 billion dollars of hard currency," noting that "the accounts of November current, exceeded the barrier of 88 billion dollars of those currencies. "

Turki added that "rising hard currency reserves reflect positively on Iraq through its contribution to the stability of the local currency, which began a remarkable rise recorded in front of their foreign counterparts," returned that "it is a source of pride for the Iraqis."

The Central Bank of Iraq, had announced in May last year, about the arrival of foreign currency reserves to 74 billion dollars, saying that it represents "the highest rate of" record in the history of Iraq.

 

 

 

Edited November 24, 2013 by yota691

[sandfly]

SO CAN WE RV

[jeepguy]

SO CAN WE RV

 NO NO NO    we are using all of those currencies  to fill our swimming  pools ,  we swim  in your  cash , it is like  { how do you  say  ?  "  playing in the  mcdonalds  ball area ,  we are playing in central banks  cash area    no need for a towel ,,, hhehehehe  you have one on }      o kay  all kidding aside ---->  something is happening fast in the central banking of Iraq, they are building a reserve  bigger at a rate that would match all world powers ,  to think they will just  l-o-p  the currency  at this fast rate of growth  ---->  and after the first sentence ,  the  reserves of 88 billion  that contributes to the stability of the dinar ,  A SOURCE OF PRIDE  FOR THE IRAQI`S    < ------ this line pretty much  sells the  long  chatter we all have seen in  forums , about what the Iraq people might do when the time come for a re-value of the currency ,  {  in  my opinion ,  their pride will not let it  , go cheap , the countries around Iraq have  good values , even for some of them still  up in arms over strife , warring  ,   Egypt,  Syria,    Kuwait, not fighting , Saudi Arabia ,  , just to name a few  }  from other area`s of dinar chats ,  we just might see a good change in the atmosphere surrounding the dinar currency ....... { take a look at the other yota  post  agents are handing out instruments worth 25,ooo dinar    MAN THIS  really looking like they just might be  passing out lower notes  ,, I don`t know for sure just speculating ,  the only thing I can see with these folks now pushing 8 8  B I L L I O N  DOLLARS  net worth .....   I don`t think there pride will let the dinar stay crappy for much longer ----------- > lets ride the r-v- camel all the way too the bank  bayyyyy beeeee   

[zul]

Jeepguy,

I like the way  you think...

[yota691]

Rise in hard currency reserves in Iraq, helping to stabilize the Iraqi dinar

 

24-11-2013 01:40 PM

 

Free -

Revealed the CBI, on Sunday, the arrival of reserves of hard currency to more than 88 billion dollars, indicating that it contributes to the stability of the dinar could be a 'source of pride' to the Iraqis. 
said central bank governor Agency, Abdul-Basit Turki, in a press statement The 'bank accounts the beginning of October 2013 the past, recorded a reserve exceeds 76 billion dollars of hard currency', noting that 'accounts in November current, exceeded the barrier of 88 billion dollars of those currencies. " 
said Turki in his statement told the long-Presse that ' rise in hard currency reserves reflect positively on Iraq through its contribution to the stability of the local currency, which began recording a remarkable rise in front of their foreign counterparts', they returned to it 'is a source of pride for the Iraqis'. 
was the Iraqi Central Bank, had announced in May last year, the arrival of the reserve currency difficult to 74 billion dollars, saying that it represents a 'higher rate' record in the history of Iraq.

Read more: http://dinarvets.com/forums/index.php?/topic/166299-rise-in-hard-currency-reserves-in-iraq-helping-to-stabilize-the-iraqi-dinar/#ixzz2lZDEEZa6

[DropItLikeItsHot]

Question, could the large increase in reserves be due to the sale of bonds?

 

An increase of 12 billion in a month, can't see it all from oil and currency auctions.

 

Little help here in understanding, Thanks

 

DropItLikeItsHot   GO RV !!

[gakman]

"Stabalize the Iraqi dinar"- I believe they are just talking about the market rate.

[jeepguy]

Question, could the large increase in reserves be due to the sale of bonds?

 

An increase of 12 billion in a month, can't see it all from oil and currency auctions.

 

Little help here in understanding, Thanks

 

DropItLikeItsHot   GO RV !!

it is either the sale of bonds  or the  d,f,i,  funds were mixed into the reserves now ! 

"Stabalize the Iraqi dinar"- I believe they are just talking about the market rate.

thanks  gakamn buddy  good to see you up and kicking  this a.m.    ----  what might be the rates and date please     just yanking your chain buddy

[yota691]

"Stabalize the Iraqi dinar"- I believe they are just talking about the market rate.

Think about that...so the size of reserve... stabilize..the Market Rate...from currency traders over charging...I may be off here..but just have hard time believing that statement...GM DV

Edited November 24, 2013 by yota691

[moneysoon]

Fortify the reserves is a move that will aid in substantiating what we are looking for in a strong backing. Amongst the smoke I can see clear now that the rain is gone.

[Boozer]

88 Billion and still a currancy Not worth the paper its printed on.

[SocalDinar]

Question, could the large increase in reserves be due to the sale of bonds?

 

An increase of 12 billion in a month, can't see it all from oil and currency auctions.

 

Little help here in understanding, Thanks

 

DropItLikeItsHot   GO RV !!

The translations can be a bit confusing at times.

The Reserves reached 76 Billion last year Oct 2012.  Still a great growth rate of the Foreign reserves but this has taken over a year .  Darn translations are tough to decipher 

 

The 'bank accounts the beginning of October 2013 the past, recorded a reserve exceeds 76 billion dollars of hard currency'

Thanks Yota

 

 

 

 

 

[SocalDinar]

The translations can be a bit confusing at times.

The Reserves reached 76 Billion last year Oct 2012.  Still a great growth rate of the Foreign reserves but this has taken over a year .  Darn translations are tough to decipher 

 

The 'bank accounts the beginning of October 2013 the past, recorded a reserve exceeds 76 billion dollars of hard currency'

Thanks Yota

I'm wrong again here.  Looks like the 76 Billion mark was announced in July 2013.  So I would say that the reserves are greatly outpacing any reported M-1 Growth.

 

Here a post from AL BUNDY in July this year.   http://dinarvets.com/forums/index.php?/topic/153366-central-bank-iraq-reserves-of-76-billion-the-funds-frozen-under-control-july-4-2013-0558/

[Lenape]

88 Billion and still a currancy Not worth the paper its printed on.

You had a Neg but I took care of it. Someone likes to Neg Peeps for giving their opinion. It is wallpaper for the Bathroom Closet though....Go ahead and Neg away

[EagleEye]

 

 

Iraqi Central Bank Governor Abdul-Basit Turki imaging (mjm)

Central bank: hard currency reserves have exceeded 88 billion dollars

 

Author: ASJ 

Editor: BK, BS 24/11/2013 14:08 Number of readings: 47 

 

 

 

 

Long-Presse / Baghdad

Revealed the CBI, on Sunday, the arrival of foreign currency reserves of more than 88 billion dollars, indicating that it contributes to the stability of the dinar could be a "source of pride" for the Iraqis.

The governor of the Central Bank and the Agency, Abdul-Basit Turki, said in an interview to the (long-Presse), "The bank accounts the beginning of October 2013 the past, recorded a reserve exceeds 76 billion dollars of hard currency," noting that "the accounts of November current, exceeded the barrier of 88 billion dollars of those currencies. "

Turki added that "rising hard currency reserves reflect positively on Iraq through its contribution to the stability of the local currency, which began a remarkable rise recorded in front of their foreign counterparts," returned that "it is a source of pride for the Iraqis."

The Central Bank of Iraq, had announced in May last year, about the arrival of foreign currency reserves to 74 billion dollars, saying that it represents "the highest rate of" record in the history of Iraq.

 

 

 

 

WHY IS THIS MAN SMILING ABOUT TOILET PAPER CURRENCY !!! ??? 

[ronscarpa]

Thanks YOTA...good article...! 

[gakman]

 

WHY IS THIS MAN SMILING ABOUT TOILET PAPER CURRENCY !!! ??? 

More colorful and softer than Charmin?       

[BKD]

Thanks Yota again for good article

[staunch]

What's starting to bug me is; even though the dinar is only worth pennies, if you save enough pennies you will eventually be rich. Why RV when you are already loaded?

[sandstorm]

brilliant. 88 billion dollars selling a currency no iraqi wants.

[jordan23]

WHY IS THIS MAN SMILING ABOUT TOILET PAPER CURRENCY !!! ??? 

Exactly!!  

[AmericaInc]

 

 

Iraqi Central Bank Governor Abdul-Basit Turki imaging (mjm)

Central bank: hard currency reserves have exceeded 88 billion dollars

 

Author: ASJ 

Editor: BK, BS 24/11/2013 14:08 Number of readings: 47 

 

 

 

 

Long-Presse / Baghdad

Revealed the CBI, on Sunday, the arrival of foreign currency reserves of more than 88 billion dollars, indicating that it contributes to the stability of the dinar could be a "source of pride" for the Iraqis.

The governor of the Central Bank and the Agency, Abdul-Basit Turki, said in an interview to the (long-Presse), "The bank accounts the beginning of October 2013 the past, recorded a reserve exceeds 76 billion dollars of hard currency," noting that "the accounts of November current, exceeded the barrier of 88 billion dollars of those currencies. "

Turki added that "rising hard currency reserves reflect positively on Iraq through its contribution to the stability of the local currency, which began a remarkable rise recorded in front of their foreign counterparts," returned that "it is a source of pride for the Iraqis."

The Central Bank of Iraq, had announced in May last year, about the arrival of foreign currency reserves to 74 billion dollars, saying that it represents "the highest rate of" record in the history of Iraq.

 

 

 

 

We've know they are around this number for some time. What's the point?

The lopsters still say, with some justification, that $88 B is just enough to back their money supply to a hundredth of a penny.

[zigmeister]

brilliant. 88 billion dollars selling a currency no iraqi wants.

It's not that they don't want it, they want it to have value of more than what it is today.  

[George Hayduke]

WHY IS THIS MAN SMILING ABOUT TOILET PAPER CURRENCY !!! ??? 

Double Exactly!

Edited November 25, 2013 by George Hayduke