Pimpy

Pimpy – Dinar Guru  Article “Central Bank: cash reserves exceeded 70 billion dollars”  ...The Central bank has reserves exceed $70 Billion.  This is good.  Iraq continues to build up the reserves…the more Iraq continues to build up their reserves the easier it is for them to stabilize their own currency...with these reserves they can…increase the value of the exchange rate by buying more of their own currency off the market… Iraq ‘s foreign reserves are increasing.  It’s just another step in strengthening the Iraqi dinar and then eventually moving up in the exchange rate.  [Post 2 of 2]

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