Pimpy
Article: "Central Bank announces the increase in the volume of foreign reserves from 140 to 148 trillion dinars"
That's perfect because...the more reserves you have the easier it is to protect your exchange rate.
On the Central Bank of Iraq website it tells you how many dinar they put into circulation. But what is not reflected is what has been removed out of circulation, whether the government took it out of circulation or whether they were damaged, fire, destroyed, lost forever, who knows. That's not reflected in there. It's not really 101 trillion Iraqi dinars in circulation. That's what they put out in circulation but not what's actually in circulation.
No comments:
Post a Comment