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Iraq an economic Study
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[quote:Ohio chic:MV8xNzI0NTM4XzQ0ODU0NjAyXzhEMjdGMEY0] CBI: security situation not affect IQD. expert: Foreign Exchange temporary storage Central Bank: security situation will not affect the Iraqi dinar, an expert says. Foreign Exchange storage would be temporary Central Bank: security situation will not affect the Iraqi dinar, an expert says. Foreign Exchange storage would be temporary June 19, 2014 2: 13 pm Number of readers: 33 The Iraqi Central Bank, said on Thursday that the security situation in the country "will not have a major impact on the Iraqi dinar", attributing the reason to the "power of the Iraqi dinar and the precautions that support", with a financial expert pointed out that the turnout of Iraqi citizens to hoard hard currencies would be "temporally", the Governor of the Iraqi economy to balance the dinar per covered with 1.3% of the dollar which "once again a third." He said the Iraqi Central Bank Governor Abdel Basset Turki said in an interview with the (range), the CBI functions according to law is the preservation and stability of the dinar against other currencies ", stating that "the World Bank has examined and discussed the current security situation in the country and their impact on the financial situation in the country." He said "what is Turkish from foreign currency reserves at the Central Bank would be to control the dinar exchange rate against the dollar," he said, adding that "the cash reserve for Iraqi dinar amounts to 70 billion dollars and that the Central Bank is able to support the dinar exchange rate, which currently stands at 1,200 dinars to the dollar, so there is no fear for the dinar at the current time." More at link... http://www.investorsiraq.com/forums/showthread.php?7285-CBI-security-situation-not-affect-IQD-expert-Foreign-Exchange-temporary-storage [/quote]
Original Message
Iraq is rapidly becoming a force in world economics due to its oil reserves. What do you think the effects will be on the world economic stage. sk
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