Iraqi Dinar Discussion Board

[Aerospace]

That is a lie, and I have explained it to you before and you just ignore it.
The surplus was spent in a supplemental 2008 budget.
The rest of what they called a surplus is the foreign currency reserves that are used to back to dinar.
Here is a new article today where they say it will be a disaster for the dinar if they spend the currency reserves.
I don’t expect it to keep you from lying to the board… but they at least should be aware that you are indeed lying, so here’s the article.
http://translate.google.com/translate?hl=en&ie=UTF8&langpair=ar%7Cen&u=http://radionawa.com/(X(1)A(n5k9Lr7cyQEkAAAAZDk3ZmJkOTktMDk2OS00NDQ1LTliN2YtNjFiYzQyMmRlZDlk_eu0VuQ9mwpVUxwspKH7fohyo_E1))/Ar/NewsDetailN.aspx%3Fid%3D35349%26LinkID%3D105
Warned the Central Bank of Iraq to finance government investment projects, saying it will have serious consequences on the external economic balance and lose the country's defense force for economic stability.
He criticized the bank in an official statement, received a copy of the NOAA Radio, "what he called the allegations made by the local community to put the blame on the monetary policy of the Central Bank with regard to hyper-inflation and the deterioration of the exchange rate of the dinar, saying" Gabip the force of the Iraqi dinar is strong and is now better.
A source authorized in the bank, told a news briefing that "those circles with the monetary policy and its successes are responsible for stalling the country's investment programs and the ability to build development projects that have reached their targets in reducing the rates of inflation by a large margin.
The source said that the financing of investment projects of different government takes over serious consequences for the external economic balance, the country loses its force and the defense of the entire economic stability, as well as weaken the ability of monetary policy in the protection of the national currency and re-entering the failures caused by the deterioration of inflation, exchange rates and with a sudden high waves imbalances Foreign Affairs.
"The monetary policy of the Central Bank allowed the country's stability and to meet its cash-and-wave activity after the inflationary significant improvement in the exchange rate of the dinar. The Gabip force of the Iraqi dinar is strong, it is now the best in the evolution of monetary savings and financial intermediation and the proper and appropriate way to address the phenomenon of inflationary expectations .
2004. He pointed out that "In spite of a high interest rate the central bank in accordance with the purposes of monetary policy, but the energy credit (loans granted to citizens of cash) has risen to more than nine times since the beginning of the year 2004.
He considered, "the source address and then, the successes of the powerful over the monetary policy in the implementation of its Alastaqrari inflation and interest rates the same signal, that is designed to cover up the failure of programs and many government policies, low capacity in the conduct of their material in exchange for development projects and reconstruction."