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70bn Iraqi Dinar stashed, reserves won’t be touched!

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falling-oil-pricesDespite the dramatic fall in oil prices and the thrice cut budget as a result, Iraqi Government spokesman Ali al-Dabagh says Central Bank reserves will not be touched. These reserves, by the way, are rumored to amount to 70 billion in cold hard cash.

The conviction comes in part from agreements with several oil fields to increase oil exports to more than 2 billion barrels per day. 

Source: Azzaman.com

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One response to "70bn Iraqi Dinar stashed, reserves won’t be touched!"
Logan Gertrude said:
December 12, 2009

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