CBI calls for World Bank to review Iraqs monetary policy

HAT TIP:  The Currency News Hound


This article does appear to be “bad news” however, we first have to consider that not all news articles are reliable and accurate.  This news could just be more propaganda by Maliki to make Dr. Shabibi look incompetent, propelling his efforts to take over the CBI.

From other news articles, we have read that Dr. Shabibi has authorized the World Bank to come in to audit and examine his monetary policy.  If Dr. Shabibi has already authorized this, then he already knows there will be a favorable outcome.

What will the favorable outcome of the Audit by the World Bank do for the CBI, and Dr. Shabibi, it will erase doubts and apprehension for trusting the Iraqi Dinar – thus pushing FORWARD THE REVALUATION OF THE IQD!!!

This audit process really was forced on Shabbs due to the negative press about counterfeiting and other monetary problems which were lowering the Iraqi people’s confidence in the IQD.

We can do nothing but wait for the results.  We can’t really see a RV until after we see a published outcome of this Audit.  This may take some time now.  Hopefully not too long!

~ Mr. IQD


On: Tuesday 04/24/2012 18:59

Dr. Shabibi of Iraq's CBIDescription of the Central Bank Governor Sinan Shabibi monetary policy in Iraq as one of the worst policies.

Calling at the same time, the World Bank to review. Shabibi said / the Baghdadi News / On the sidelines of a seminar for businessmen also attended by his deputy, the appearance of Mohammed Saleh, Secretary General of the Council of Ministers Ali Mohsen Keywords: «can not to this country to continue this case and can not keep the funds vulnerable to looting, calling for disclosure systems of corruption to the public» .

He added that «the monetary policy in Iraq, the worst of existing policies, calling for the World Bank to review this policy and the development of a new Continue reading