Replies to post #10889 on Iraqi Dinar Discussion Board (IQD)

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As of Oct. 31st the IMF has 2,525,355,391,348(trillion) worth of dinars? in reserve
with another 308,180,301,106(billion) planned for 2008?

Fund holdings of currency 1,314.41 (SDR Million)
X 1 SDR = $1.58 USD
X 1216 Iqd to dollar

Just in the IMF reserve not the CBI?

I forgot to add the Reserve Position of 171.10 (sdr million)
-pkripper

PLUS
CBI - Raises Cash Reserve Requirement from 25% to 75%
Effective 9-01-2007.

This would make Iraq’s Requirement for Cash Reserves the highest in the World
and
make it very easy to convert to smaller denominations
Changing the reserve requirements can be used to fight inflation,
Quite a large increase - (from 25% to 75%),
This rule seems to foretell - A Big Change coming

This new reserve requirement has forced the banks to pull their extra money out of the interest earning 7, 14, and 30 day ID Deposits with the CBI to cover themselves.

http://www.cbiraq.org/Reserve%20Requirements_EN.pdf