Stryker feels it was an interesting weekend

by **Ponee** Mon May 13, 2013 7:10 pm

5-13-2013 Newshound Guru Stryker A very interesting weekend of news from Iraqi Economist Jamil Antoine's saying that the Central Bank is to adopt oil and gas reserve stock instead of gold and the dollar. He went on to say that the main possible reserve to protect the economy of Iraq is oil and gas stocks that are underground. He also pointed out that according to the Oil Ministers statistics which indicates Iraq's oil reserves reach nearly 150 billion barrels of oil and 19 billion cubic meters of natural gas.
Several articles then came out talking about the Presidency of the Council of Representatives is now in full support of the Central Bank to ensure stability of the Iraqi currency by taking actions in the way of reform measures that include the adjustment of the exchange rate of the dollar. Well folks we know the Central Bank can't adjust the dollar so they will be adjusting the dinar exchange rate.

But what I find equally important that they stated in these articles is that another action includes strengthening the capacity of the Central Bank in economic development, which leads to the Economist pointing out in the article I was just talking about above that stated the Central Bank will adopt the Oil and Gas reserves to back Iraq's economy because their hard currency reserves wasn't enough.

The hard reserve currency has been enough until now so by doing this it can only mean one thing, they are ready to make a big change in the way they have been doing it up until now. One thing I forgot to point out...is Iraq's real Present Day Value is $12.5 trillion dollars and according to the IMF a country can use several things to determine their currency value. This could include their hard currency reserves, some of their present day value or all of their present day value. Present day value is all assets that a country is worth, included but not limited to their proven resources.

Read more: http://www.dinarguru.com/#ixzz2TDWXSg39