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john1025
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February 28, 2010

Foreign exchange reserves at the central bank ..

Conflict development or stability?

الدكتور سعد حسون الحيالي Dr. Saad Al-Hassoun Hayali [states] that the principle of economic development is economic stability, political, and social development.

The question of financing development should not be moving towards the use of federal cash reserves; the fact is that this reserve is dedicated to support the national currency; [furthermore] the CBI [states that] country

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February 28, 2010 Foreign exchange reserves at the central bank ..

Conflict development or stability? --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

The primary function of the CBI is to “raise and support the Irai dinar” according to their own statement. Furthermore, this is “axiomatic” for the prestige of the government. The bottom line here is clear: there will be a revaluation of the currency to raise its value for the specific purpose of developing the Iraqi economy and enhancing the prestige of the country.

Steve

Steve,

Thanks for your post and your conclusion. I totally agree - Good News...!

RON ;)

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Once again, thank you for this article/post---this is real data and definitely sounds as though they are preparing, just wish it would be this week. Since we have to turn in the large demoninations by the end of 2010, one would think that they must get this thing done quickly for those countries and investors around the world--there has to be some direction here. Any thoughts??

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