Former CBI Gov. Shabibi: CBI capable of dealing with inflation because of its cash flow

by **Ponee** Sun Jul 28, 2013 3:12 pm

Former CBI Gov. Shabibi: CBI capable of dealing with inflation because of its cash flow

Posted: July 28, 2013 in Iraqi Dinar/Politics
Tags: Baghdad, bank, Central bank, Central Bank Iraq, exchange rate, Iraq, News agency, Sinan Al-Shabibi

07-12-2011 12:41 PM

Baghdad (newsletter).The Central Bank Governor Sinan Al-Shabibi said only the Bank that owns the possibility of dealing with inflation because of its cash flow.

Al-Shabibi said in a statement with (News Agency) reported Wednesday that the Bank is working on raising cash depending on the reality of the market inflation, pointing to the Central Bank is watching inflation very precisely through your specialist, after we get confirmation the body of statistics,
stating: to raise and lower the liquidity being put to market is, according to the report.

Al-Shabibi said: the market’s cash reserve can maintain the value of the currency and protect it from any attempts to affect they stealing their monetary value. The Central Bank Governor said in previous statements that Iraq has the largest cash reserves in its history and this leads to astkraralamlh and exchange rate level.
http://bit.ly/13eTUPa

by **Jayzze** Sun Jul 28, 2013 5:09 pm

this is true. there is one bit of info out recently that has me excited. turki has convinced private banks to work basicly with out a profit.think about this for a second these are bankers whose job is to make money. they are intelligent busisness people who would not even consider this unless they new this was for a short time and they would recoup the money that they lost soon. this to me is one powerful statement not gurus bs

by andy1979uk Sun Jul 28, 2013 5:21 pm

Doesn't necessarily mean making a profit from currency reform....

by **Jayzze** Sun Jul 28, 2013 5:39 pm

no one especially in the banking field works for free. they have been made private deals or this would not happen. all big busisness is about making money you figure the rest out

by andy1979uk Sun Jul 28, 2013 5:43 pm

Granted but like I said not necessarily from currency reform...

by **Jayzze** Sun Jul 28, 2013 6:05 pm

currency reform leads to all kinds of progress in all eco areas including wto gcc and etc and everyone benefits

Former CBI Gov. Shabibi: CBI capable of dealing with inflation because of its cash flow

Former CBI Gov. Shabibi: CBI capable of dealing with inflation because of its cash flow

Re: Former CBI Gov. Shabibi: CBI capable of dealing with inflation because of its cash flow

Re: Former CBI Gov. Shabibi: CBI capable of dealing with inflation because of its cash flow

Re: Former CBI Gov. Shabibi: CBI capable of dealing with inflation because of its cash flow

Re: Former CBI Gov. Shabibi: CBI capable of dealing with inflation because of its cash flow

Re: Former CBI Gov. Shabibi: CBI capable of dealing with inflation because of its cash flow