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tman23: "Resources is what the WB was eluding to...because resources are assets..."
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tman23: "Resources is what the WB was eluding to...because resources are assets..."
tman23
CBI has not doubled their reserves...Quite frankly...They had to borrow/bonds 1 billion from the USA just to keep them from further depleting the reserves...which had citizens in panic that the IQD would devalue more...So the CBI says...everything is good, dinar is strong...NO PROBLEM HERE...The main income for Iraq is oil and that is WAY LESS THAN IN PAST YEARS...IMPOSSIBLE that the CBI could double there reserves...[If that is the case why would the WB name them as the richest country in the world?] "ONE" of the richest countries in the world...Because they have large oil deposits...rich soil for agriculture...and a huge potential for mineral mining... Resources is what the WB was eluding to...because resources are assets...
2-5-2017
CBI has not doubled their reserves...Quite frankly...They had to borrow/bonds 1 billion from the USA just to keep them from further depleting the reserves...which had citizens in panic that the IQD would devalue more...So the CBI says...everything is good, dinar is strong...NO PROBLEM HERE...The main income for Iraq is oil and that is WAY LESS THAN IN PAST YEARS...IMPOSSIBLE that the CBI could double there reserves...[If that is the case why would the WB name them as the richest country in the world?] "ONE" of the richest countries in the world...Because they have large oil deposits...rich soil for agriculture...and a huge potential for mineral mining... Resources is what the WB was eluding to...because resources are assets...
2-5-2017
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Re: tman23: "Resources is what the WB was eluding to...because resources are assets..."
50. Oil reserves have ZERO effect on the currency as to include them would be trying to sell the same product twice – once when you find it, and a second time when you dig it up and actually sell it! The same is true of the “GCR” fantasy whose bogus economics are based on countries “factoring in” natural resources twice over (counting reserves then counting them again as exports). The real world doesn’t work like that. The only thing that possibly has any impact on currency values is exports (and only then by using the revenue for increased currency reserves). Oil reserves have ZERO impact. See Russia, Nigeria, Kazakhstan, Angola, Algeria, pre-lop Venezuela, etc (all top-20 oil exporting countries with weak currencies).
https://iraqcurrencywatch.com/2014/02/05/more-facts-from-jack/
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RamblerNash- GURU HUNTER
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Join date : 2015-02-19
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