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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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Governor of the Central Bank: Bank reserves exceed 80 billion dollars by the end of July

rocky
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Governor of the Central Bank: Bank reserves exceed 80 billion dollars by the end of July  Empty Governor of the Central Bank: Bank reserves exceed 80 billion dollars by the end of July

Post by rocky Thu 13 Jun 2013, 8:30 am

Governor of the Central Bank: Bank reserves exceed 80 billion dollars by the end of July



06/13/2013 - 15:11 |

Author: Ahmad Valley, Muhannad Muhammad
Central Bank Governor Abdul Basit Turki

Alsumaria News / Baghdad

The Central Bank Governor agency Abdul Basit Turki, the bank reserves will exceed $ 80 billion at the end of next July, indicating that there is a review of the development of mechanisms to use for this reserve bank, regardless of the existence of the current government or not for specific purposes.

Turki said the program "brackets" which aired on "Alsumaria", "The Central Bank reserves now of money and gold exceeded $ 75 billion," he said, adding that "the Bank reserves will exceed $ 80 billion by the end of next July."

Turki added that "bank reserves with the end of the year 2013 will exceed this figure much," pointing out that "Iraq's gold reserves managed by the Bank for International Settlements in Switzerland."

The central bank governor that "under current law, the bank can not contribute one dollar in support of the government," adding that "there is a review of the development of mechanisms to use the bank to the reserve, regardless of the existence of the current government or not for specific purposes."

A banking source was early in the detector (11 May 2013), that the size of the Iraqi Central Bank reserves of foreign currency amounted to $ 74 billion, noting that it is the highest achieved by the bank reserves in the country's history.

It is noteworthy that the central bank refused, (the fifth of May 2009), the government's efforts to borrow from the Reserve Bank's funds to meet the shortfall in the budget, arguing that such a step contrary to the law and a violation of the independence of the bank.

It is noteworthy that the central bank adviser appearance of Mohammed Saleh confirmed, in May 2009, that Iraq's stockpile of money liquidity has covered over the years, and so is out of the financial power of the government. Calling for the adoption of alternative ways to cover the deficit, including recourse to the application of secondary-market policies that have been agreed upon with the government.

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lonelyintexas
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Post by lonelyintexas Thu 13 Jun 2013, 4:20 pm

The Governor of the Central Bank: the Bank reserves would exceed $ 80 billion at the end of July


13-06-2013

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Alsumaria news/Baghdad

The Agency said the Central Bank Governor Abdel Basset Turki, the Reserve Bank would exceed $ 80 billion at the end of July next year, noting that there is a review of the mechanisms for the use of the Reserve Bank regardless of whether the current Government for specific purposes.

Turki said the "brackets" aired "alsumaria", "Central Bank reserves now money and gold exceeded $ 75 billion" Reserve Bank would exceed $ 80 billion by the end of next month. "

He said "the Turkish Bank reserves by the end of the year 2013 will exceed this number", pointing out that "Iraq's gold reserve is managed by the Bank for international settlements in Switzerland.

The Governor of the Central Bank said that "under the current law the Bank can't contribute $ 1 to support the Government," Noting that "there is a review of the mechanisms for the use of the Reserve Bank regardless of whether the current Government for specific purposes.

Bank sources earlier revealed (11 may 2013), that the Iraqi Central Bank reserves of foreign currencies reached 74 billion dollars, noting that this was the highest achieved by the Reserve Bank in the country's history.

The Central Bank refused, (5 May 2009), the Government's efforts to borrow from the Reserve Bank's funds to meet the shortfall in the budget, saying the move illegal and a violation of the independence of the Bank.

The Central Bank Adviser Mohammad Saleh appearance confirmed in May 2009 that Iraq's stock of reserve cash covered over the past years, walked out of the Government's financial power. Calling for the adoption of alternative ways to plug, including recourse to secondary market policies which have been agreed with the Government.

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CITEX
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Governor of the Central Bank: Bank reserves exceed 80 billion dollars by the end of July  Empty Re: Governor of the Central Bank: Bank reserves exceed 80 billion dollars by the end of July

Post by CITEX Thu 13 Jun 2013, 4:50 pm

Up 20 Billion from the first of the year... nice!
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Post by rocky Sun 16 Jun 2013, 5:30 pm

The Governor of the Central Bank: the Bank reserves would exceed $ 80 billion at the end of July



1 hour 46 min

Central Bank Governor Abdel Basset Turki Agency, Bank reserves would exceed $ 80 billion at the end of July next year
He said in a press statement today that the Central Bank now reserve funds and gold exceeded $ 75 billion that the Bank's reserves would exceed $ 80 billion by the end of next month
The Reserve Bank with the end of the year 2013 will exceed this number much pointing out that "Iraq's gold reserve is managed by the Bank for international settlements in Switzerland
Central Bank Governor explained that under current law the Bank can't contribute $ 1 to support the Government, noting that there is a review of the mechanisms for the use of the Reserve Bank regardless of whether the current Government for specific purposes.


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