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23-01-2007, 08:31 PM #211
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23-01-2007, 08:42 PM #212
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Saw this on LawkSalih.Com - CBI: This year's budget focused on increasing investment in Iraq
Dr. Sinan Shabibi, Governor of the Central Bank, said that this year's budget is an investment budget because it focused on increasing the size of investment.
Shabibi said that the Central Bank's role is to treat the imbalances resulting from the development process that will produce changes in the basic economic structure.
He pointed out that the task of the Central Bank is to achieve development in a stable monetary environment through utilizing all means and policies to achieve economic stability, intact environment and moderate inflation rate.
He continued: "Our relation to the budget is to preserve its resources, through fighting inflation".
Stressing that the Bank had made several measures including raising the exchange rate of the dinar, which had an impact on the budget through affecting the purchase capacity of the government; this impact will increase through dealing with inflation.
Shabibi added that: this policy will increase the confidence in the dinar, which will pull some of the money to the banking sector and rationalize the government spending because of its impact on inflation.
He indicated that this action will reduce the prices of imported goods such as the private sector imports and the government's imports for development that come from the conversion of the Iraqi dinar to the dollar.
He added that while this policy weakens the ability of the government to buy the dinar, it strengthens the Iraqi dinar owned by the government.
Pointing out that the bank wants a means to affect the economic and monetary policy by making the dinar valuable and powerful.
Source: Iraq Directory
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23-01-2007, 08:42 PM #213
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23-01-2007, 08:42 PM #214
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23-01-2007, 09:17 PM #215
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Lost Nothing....Here are a couple.
Below is one.
Another. This one talks of Hundreds of Billions of $$$
And another.
Bonus.
SGS knows about this one above too. As she had her group on that Article. Researching it.Last edited by neno; 23-01-2007 at 09:24 PM.
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23-01-2007, 09:27 PM #216
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23-01-2007, 09:41 PM #217
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23-01-2007, 09:49 PM #218
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yes, thats why i said you would be the one to ask about totals as you had done extensive research on it. i knew the original article had indicated about five times the amount left in switzerland then they were unable to account for everything but 8 of it at the time.
great work gloribee!!!JULY STILL AINT NO LIE!!!
franny, were almost there!!
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23-01-2007, 09:51 PM #219
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Yes............
Last edited by neno; 23-01-2007 at 09:56 PM. Reason: Spelling. oops
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23-01-2007, 10:57 PM #220
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Thank you very much!
Bonus.
SGS knows about this one above too. As she had her group on that Article. Researching it.[/QUOTE]
Neno I truly appreciate you finding these articles. Especially this last one. I know a few could not believe it was THAT much gold, but here is it....FACT. Add this to what Gloribee has uncovered and we are truly talking $trillions.
Inscrutable, Mike....See, I was not smoking those funny cigarettes
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