In numbers. Central Bank Money Printing Rises 20% Year-on-Age

[6ly410]

In numbers. Central Bank Money Printing Rises 20% Year-on-Age - Urgent

Economy | Today, 18:44 | 

In numbers. Printing money from the Central Bank rises 20% year-on-year - urgent » Baghdad Today News Agency

 

Baghdad Today - Baghdad

An economist revealed the rise in the value of the assets of the Central Bank of Iraq, as well as the rise in the issued currency to 97 trillion dinars, by about 20% on an annual basis.

Manar al-Obaidi said in a statement received by Baghdad Today that "these assets increased in value by 35.5% year-on-year and by 5.6% month-on-month to reach more than 213.6 trillion dinars."

He pointed out that "the Central Bank's reserves of the US dollar reached $ 114.2 billion, rising on an annual basis by 61.8% and on a monthly basis by 7.9%."

"The value of the issued cash currency increased by 19.9% year-on-year and by 0.3% month-on-month, bringing the value of the issued cash currency to 97 trillion dinars," he said.

"Depending on the size of the dollar reserves, the global gold price and the issued currency, the value of the dinar against one gram of gold amounted to 57.78 thousand dinars, up year-on-year by 24.7% and down by 0.29% on a monthly basis," Al-Obaidi said.

[Laid Back]

Issued currency 97 trillion IQD

Foreign currency reserves $114.2 billion dollars 

 

97 trillion IQD / 1310 = $74 billion dollars 

 

$114.2 billion dollars / $74 billion dollars = $1.54

 

They can cover the issued currency by 154% or 1.54 times

 

Go CBI

Go new monetary policy 

Go stronger dinar $1+

[Stabstones]

9 hours ago, Laid Back said:

Issued currency 97 trillion IQD

Foreign currency reserves $114.2 billion dollars 

 

97 trillion IQD / 1310 = $74 billion dollars 

 

$114.2 billion dollars / $74 billion dollars = $1.54

 

They can cover the issued currency by 154% or 1.54 times

 

Go CBI

Go new monetary policy 

Go stronger dinar $1+

1310 program rate.. what if iraq rv at 3.32???

[rvmydinar]

8 hours ago, Stabstones said:

 what if iraq rv at 3.32???

That's even better as long as it's going to be a straight RV. But noone knows for sure what the cbi is going to do with their currency.