Abtan: Iraq possessed 90 billion dollars in Central Bank reserves

[BondLady]

Abtan: Iraq possessed 90 billion dollars in Central Bank reserves

Date: Saturday, 03-09-11 12: 38 pm

Baghdad (newsletter).The parliamentary Economic Committee asserted that Iraq capable of improving and dinar reliable as part of international reserves, noting that Iraq possessed more of (80 to 90) billion dollars in Central Bank reserves and this is positive for the Iraqi dinar.

Member of the Parliamentary Commission of economy, investment and National Alliance Deputy//abdolhossein abtan told reporter (News Agency KCNA) Saturday: "it is obvious that Iraq is capable of adopting the dinar as part of international reserves, especially large resource he possesses in the oil sector and over (80 to 90) billion dollars of Central Bank reserves and the positive impact on the Iraqi currency against the greenback and makes well-placed dinar as formerly among world currencies.

Alabtan Central Bank called for improving the status of the dinar against the dollar, and (1200) dinars to the dollar is not the right thing ".

The Central Bank adviser said in an earlier statement to the news agency of news "that the Iraqi dinar is not an international reserve currency to be treated abroad, we aspire to be the monetary policy of the Iraqi dinar portion of reserves and this needs to be a long time.

Saleh said: the Iraqi dinar is the local currency convertible to other currencies, excluding that of the Iraqi dinar is treated externally at present evidence to help the Bank almerksilatsmh to eject Iraqi dinar only limits (200) 1,000 dinars to the traveler./finished/12 n. y.

http://www.microsofttranslator.com/bv.aspx?from=ar&to=en&a=http%3A%2F%2Fwww.ikhnews.com%2Fnews_view_19443.html

[RAGARCIA62]

thanks bondlady. sounds positive to me. i like were it reads 1200 dinars to the dollar is not the right thing. come on rv.

[R2d2dc]

Thank you BondLady.

r2

[Mazzz27]

thank you bondlady....+1!

[BondLady]

my pleasure all, does it not seem odd with all these cbi articles weve seen come out in the last 2 days un real amounts supporting the dinar, purchasing power, inflation, words like global and international all over them raising the 000 all this talk then we see cbi articles talkin about there reserves, how much they now have.... and how it backs the dinar and how it makes the dinars worth,......... timeing? sometimes is every thing lol...ty again..BL

[zigmeister]

my pleasure all, does it not seem odd with all these cbi articles weve seen come out in the last 2 days un real amounts supporting the dinar, purchasing power, inflation, words like global and international all over them raising the 000 all this talk then we see cbi articles talkin about there reserves, how much they now have.... and how it backs the dinar and how it makes the dinars worth,......... timeing? sometimes is every thing lol...ty again..BL

If I am understanding this correctly, are they hinting they can afford an RV?

[cooked]

If I am understanding this correctly, are they hinting they can afford an RV?

Doesn't sound like a hint, seems more like an out right statement. Trying to tell the world we are coming out(not like that) and we will rise to be an economic power. JMO

Here little pink piggy piggy

[Carrello]

Doesn't sound like a hint, seems more like an out right statement. Trying to tell the world we are coming out(not like that) and we will rise to be an economic power. JMO

Here little pink piggy piggy

Bacon being served on Aisle 3

[zigmeister]

Perfect. So they RV, shed the zero's and at the Paris Club meeting they have a big "coming out" partae. Showing the world all they have to offer, and I am sure they will get many offers.

[Shelley]

Thanks Bondlady... SOOOOO Great to see your posts again !!!

[redsand]

What day is the Paris Meeting again?

[odogtriever]

The key here is what is the real number of IRD in circulation. Sounds good.

Edited September 3, 2011 by odogtriever

[zigmeister]

What day is the Paris Meeting again?

Sept. 7th

[BondLady]

ty all vm i just posted my todays chat for u all i hope u enjoy it and hope i was acurate too....BL