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1-13-2020   Intel/Newshound Guru sandyf   [Q? Trump said: "We have a lot of their money. There is $35 billion in an account."  Guru chattels quote: "My read/take is that Trump said that there is 35 billion dollars in an account belonging to Iraq. That does not mean to me that there is 35 trillion IQD in an account."]   You are quite right, the accounts show investments held by the CBI in foreign banks, these investments would not be IQD but local currency. Figures are from 2018 accounts and in millions of IQD, so assets to the value of approx 38T IQD in the Bank of New York.  I wonder where exactly he/she got this information...because, why would any foreign country want to have their money in a US bank in US$..? It would seem that there would need to be a reason why an account of such value would even be opened, and if it were, it would make more sense to hold the sovereign currency of that country.  JMHO..! :) RON

 

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