Iraq could still use forex reserves to fill budget gaps



sinan al shabibiAn interesting article on the Gulf Daily News – Sinan Al Shabibi made some comments regarding Iraq’s reserves in the forex during a meeting with Arab central bank governors in Dubai. Of note, he said:

“… There are discussions. The reserves cannot be touched except for foreign exchange stability.”

Other than that, no big news today on the Iraq Dinar Speculating front, at least – none that has been confirmed. As some of you know, Dinar Speculation (DS) has an inside source at the CBI with some interesting information. I would like to make a public apology for withholding the exact details, but we are only 90% confirmed at the moment. Stay tuned.

Related posts:

  1. 70bn Iraqi Dinar stashed, reserves won’t be touched!
  2. Economic forum in Iraq wraps up…
  3. Iraqi PB Denies 2009 Federal Budget
  4. Some thoughts on the ISX…
  5. Iraq 2010 budget approved!

7 Responses to “Iraq could still use forex reserves to fill budget gaps”

  1. avatar dolph says:

    when can you tell us the “interesting information”? If your 90% sure that’s more than any other speculation on this site.

  2. avatar JoAnn says:

    I too am very curious as to the 90% info you have. When can you reveal it and another ? do you just go to a bank to cash in on the investment or is there a certain way it must be converted to $$$$

  3. avatar Marv says:

    JoAnn: I think you go to a bank that handles foreign currency, such as Wells Fargo, and cash it in. WF will want you to open an account with them.

  4. avatar JoAnn says:

    When are you going to be able to let us in on the new info? you really have everyone wondering what news you have that is 90% sure.

  5. avatar Mike Green says:

    Hi,

    Any further news Adam, they are saying on dinarspeculator that your source at the CBI is real.

  6. There is obviously a lot to know about this. I will be searching this kind of articles further, thanks alot.