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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    Between skeptical and confident of it: Experts: huge reserves of the Central Bank will not work with

    Rocky
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    • Post n°1

    Between skeptical and confident of it: Experts: huge reserves of the Central Bank will not work with Empty Between skeptical and confident of it: Experts: huge reserves of the Central Bank will not work with

    Post by Rocky Wed 17 Apr 2013, 6:57 am

    Between skeptical and confident of it: Experts: huge reserves of the Central Bank will not work without exploiting a wise and independent



    ]17-04-2013 12:32 PM

    Baghdad (news) .. There is no doubt that the national economy is surrounded by a number of potential challenges كانخفاض oil sales or tensions security, but experts in finance and economics have squandered these concerns basing that the central bank has backed up a bit of hard currency and gold being able to face the hardest economic shocks expected and curb inflation.

    He said the financial expert Samir النصيري (of the Agency news): The central bank can maintain the stability of the national economy through the attributes of a financial reserve, adding that the reserves the central bank recorded during last year's 2012 Top conclusion reached by the Bank on Iraq, a $ 67 billion , so there is no doubt the central bank's ability to address any economic fluctuations.

    He added: Despite our confidence in the central bank to control the stability of the market, but we pray that there be a rational exploitation of central bank reserves by the followers of an independent monetary policy led by the Central Bank in accordance with the law.

    Others have questioned the possibility of central bank reserves alone in maintaining the stability of the Iraqi economy, stressing that that should be relied upon as an economic reserve is oil and gas stocks.

    According to the said financial expert on behalf of Jamil Antoine (of the Agency news): The Reserve central bank money went is not equal to the export of oil for one year, indicating that the principal reserve, which is possible to protect Iraq's economy is the stock of oil and gas in the ground.

    He explained: that the statistics of the Ministry of Oil indicates that oil reserves reached about 150 billion barrels and 19 billion m3 of gas, up to the month of February of the current year, noting that these precautions big and bulky which is to protect the Iraqi economy and not the other.

    According to statistics the Iraqi Central Bank during the month of August of last year, Iraq is still ranked 44 among more than 115 countries on the list of gold holdings, and ranked 52 among more than 102 countries on the list of account of foreign currency to the IMF. / End / 3. D . o /

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