HAT TIP: LJ’s Next Step Skype Room
Hey Dinarian Friends,
This was just posted in LJ’s room Sat evening….
What got our interest was just the first paragraph ….. 37 Trillion IQD = $27 Billion USD!!!
Now why does the CBI have $69+ Billion USD in its Reserves???
The CBI has nearly TRIPLE THE CASH NEEDED TO BACK THEIR CURRENCY “AS IS”!!!! Not to mention their natural resources, oil/minerals/agriculture etc!!!!
MOST INTERESTING INDEED…….
“Market requirements and the need for the Iraqi street, increase the size of the money supply
Written by Administrator Tuesday, August 28, 2012 05:06
Revealed the CBI for that size the money supply in the Iraqi market exceeded (35) trillion dinars / or 27 billion U.S. dollars, stressing that there bloc cash Iraqi drove out of Iraq and exposure in the markets of an international currency, but count this thing positive sign in the interest of the Iraqi economy.”