Replies to post #18976 on Iraqi Dinar Discussion Board (IQD)

[Rasica]

I agree with tmcc, there is a chess game going on. Now you posted an article written by a reporter from bloomberg, but fair enough__yet it is absolutely contrary to the article you posted earlier here in support of your other view. In fact, the CBI does not share this one particular girl's view point.
Your previous post:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=34482219


"Asked to discuss the global economic crisis and whether it has been contained, Al-Shibibi says this crisis is enormous and "will result in a relatively large recession in both advanced and developing countries." ......He adds: "The sharp drop in the demand for oil has greatly impacted the revenue of these countries, but on the other hand and since oil is evaluated by the US dollar, a partial compensation has materialized," explaining that the net effect is less than what was estimated.

...............Asked about the size of the Central Bank reserves, he says "42 billion," adding that "we are relatively satisfied with the amounts of foreign and local reserves." He explains that "the bank's local reserves are used to help local banks in case they encounter big problems, and its foreign reserves are used to maintain stability of the exchange rate and to help the economy."

Asked whether the continued drop in oil prices will negatively impact these reserves, Al-Shibibi says this issue has no direct impact on the Central Bank;

http://www.zibb.com/article/4468689/Iraqi+central+bank+governor+interviewed+on+monetary+situation