CBI borrow six trillion dinars deposited by commercial banks have reserves to finance the budget

[yota691]

CBI borrow six trillion dinars deposited by commercial banks have reserves to finance the budget

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Number of Views: 11 | 10-02-2015 03:26 PM

 

10-02-2015 03:26 PM 
 
The CBI has decided to finance the state budget with a loan of six trillion dinars, through the operation of 50% of the deposited by commercial banks reserves has, and the repurchase of treasury bonds from the secondary market. 
According to a statement of the bank it will buy about five trillion dinars, of which the first stage, and then to run 50% of reserves deposited by commercial banks has, and re-buy Treasury bonds from the secondary market, that these measures do not affect your Bantrza reserve in excess of $ 70 billion, the financial support of the budget and try to reduce the deficit. As well as enable them to provide housing and real estate loans for industrialists and farmers, support economic activity and job creation.


 

[Big_J]

MONEY. OK. RV? Even better

[captl1]

Need to drain Maliki's account and the deficit would vanish.

[Saintsfan]

How hard would it be for me to get an industrial loan in Iraq. All i have is equity here in the U.S.,but seriously to start a small scale oil drilling company and put locals to work...some thoughts please

[yota691]

Let just hope this is the Lower Denoms...

[captl1]

I can't even begin to think of how many licenses you would need plus how much or how many you would have to pay off.  We all know how bad the corruption is there.

[Saintsfan]

Why would i have to pay off somebody to drill their own Oil . I just want to drill it ,not obtain it or even produce it.

[simon8957]

Those kinda look like Euros

[captl1]

Because it's their oil and their country.

[yota691]

Those kinda look like Euros

It's just a picture within the article...

[captl1]

Maybe that's the fee for drilling their oil Yota! lol

[Saintsfan]

Lol thanks, but i was concerned with obtaining a loan there,not necessarily for drilling but any any idustrial loan as the article states.

[Texstorm]

"Money money money.......Money" I want to see more pics like this ! Thanks Yota ! 

[keylime]

Yes these are probably Euros.  

 

http://en.wikipedia.org/wiki/Euro_banknotes

Edited February 10, 2015 by keylime

[SocalDinar]

Does anyone really trust the Fed? Do they run the world's largest Ponzi scheme.?

Now I am hoping to see Iraq Revalue their currency like the rest of you here but I surely do not want to see the Central Bank start loaning money to the GOI.  Yes they do have the reserves but the reserves are held by the FED. The Fed can not even cover the Gold it holds for Germany. They have to wait till 2020 to get their gold right? And the GOI will need to pay off this loan plus interest. Hopefully not needing to borrow again next year,  Truly I do hope Im wrong but like I said I do not trust the Fed and this loan is all to familiar

 

And Thank you Yota with a +. I always plus those that dig up the news . Good or bad news it takes time to find these articles

Edited February 10, 2015 by SocalDinar

[AJC]

Yota with another good post. Thanks Man !!!!

[Carrello]

Let just hope this is the Lower Denoms...

Bingo, Yota!

[Laid Back]

Increase the exchange rate to $1.13:1, collect all 000's notes and at the same time introduce the lower denomination notes.!

Go Iraq

Go lower denomination notes

Go strong $1.13:1

[TQueezy]

What process are they using for this? Just reserves deposited by commercial banks or are they buying dinar off the street from citizens? To me it sounded like both, with the bulk coming from deposit accounts from commercial banks. Would have been nice for them to mop up 5T dinar from citizens. Wonder how much treasury bonds will amount to…

[SnowGlobe7]

they are talking "stages" again...that word keeps popping up

[TrinityeXchange]

if anyone want to understand what is going on in a quick blurb, i posted about this in the opinions section.  i hope it helps.

[twoAkitas]

if anyone want to understand what is going on in a quick blurb, i posted about this in the opinions section.  i hope it helps.

greatly appreciated Trinity---thank you!

[chess]

LOOKS LIKE THEY HAVE QUALIFIED FOR THEIR "VERIFIED" BADGE!!.........................