Shabibi Explains the Importance of Iraq’s Foreign Currency Reserves!!!

HAT TIP:  Currency News Hound | Direct Source: Almada Newspaper


This is a MUST Read article that was written by Dr. Shabibi and we found to be originally printed by Almada Newspaper.  Thanks also to Currency News Hound’s Twitter feed for bringing this great and informative article to our attention. 

As a courtesy to you, we have bolded portions of the article and even added [comments to simplify the content] at times when we found Dr. Shabibi’s comments more interesting, it is best to spend five minutes and read the full article.

~ Mr. IQD


Foreign currency reserves .. Its importance and some of the results of the truncation of it
by D. Sinan Mohammed Rida Al-Shabibi *

CREDIT: Almada Paper | Central Bank of Iraq

There is no doubt that the government is responsible for fiscal policy in the economy. In contrast, the Central Bank is responsible for monetary policy, any actions that determine the size of the money supply and conditions in order to neutralize inflation and helping to provide a stable economic climate. There are undoubtedly problems plague the relationship between these two powers, especially if they are absent coordination between them.

Goal here is not to go into the details of these topics, but we want to focus on one subject, is of foreign currency reserves or the cover of the national currency. The root of the problem in this area focus on the belief of some, especially within government agencies [maybe he is talking about Continue reading