CHATTER BOX CHICKEN COOP
Attention Chatters!!



We are no longer chatting in this room. It has served its purpose for a few years now.....

now we are all moving to a new chatroom http://dinardiscussions.com



Evy (not using Shilo...but using Maddy) & Mama(MamaEhrhardt) are currently chatting here.



please go to this site, register and join us in our newest journey in following the dinar investment.



This site will no longer be maintained.


Join the forum, it's quick and easy

CHATTER BOX CHICKEN COOP
Attention Chatters!!



We are no longer chatting in this room. It has served its purpose for a few years now.....

now we are all moving to a new chatroom http://dinardiscussions.com



Evy (not using Shilo...but using Maddy) & Mama(MamaEhrhardt) are currently chatting here.



please go to this site, register and join us in our newest journey in following the dinar investment.



This site will no longer be maintained.
CHATTER BOX CHICKEN COOP
Would you like to react to this message? Create an account in a few clicks or log in to continue.

Big Increase in Iraq’s Foreign Currency Reserves

Go down

Big Increase in Iraq’s Foreign Currency Reserves Empty Big Increase in Iraq’s Foreign Currency Reserves

Post  Shilo Tue Nov 30, 2010 8:11 am

Big Increase in Iraq’s Foreign Currency Reserves



Posted on 29 November 2010. Tags: banking, IQD, iraqi dinar
The Iraqi Central Bank announced recently an increase in its reserves of foreign currency to more than $ 50 billion, up from $ 41 billion at the end of the first half of 2010.
Mohammed Salih, an advisor to the bank, said in an interview with Radio Free Iraq that this increase is attributable to rising world oil prices during the second half of this year, and added that the rise in reserves would increase the strength of the Iraqi currency.
A number of Iraqi economists stressed that increasing the size of the Iraqi Central Bank’s reserves of hard currency will not directly affect the local economy, but will serve to strengthen the local currency.
In this regard, economic expert Dr. Abdul Rahman al-Mashhadani said the strength of the currency “will increase the trust of foreign and local investors by increasing the attraction of investment in Iraq.”

http://www.iraq-businessnews.com/category/banking-finance/
Shilo
Shilo
Admin

Posts : 1064
Join date : 2009-12-27
Age : 58
Location : Canada

https://chattingplace.forumotion.net

Back to top Go down

Back to top

- Similar topics

 
Permissions in this forum:
You cannot reply to topics in this forum