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wmawhite says other gurus are WRONG WRONG WRONG

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Post by Ponee Mon Sep 19, 2016 12:21 pm




wmawhite 


 Newshound Guru quotes:  “we now know 3 things are now FACTUAL and see these FACTS in writing from the CBI:”  “Iraq does need the IMF’s permission to RV”

  My response...!  Wrong...not so! We do not know that as fact! Show me!  Where has the Central Bank of Iraq or the IMF has ever made such a statement?

  Quote:  “Iraq CBI needs to increase their reserve of hard currency now sitting in the CBI. It now is almost cut in half from what it was in 2012.”

 My response...!   Wrong...not so!   We do not know that as fact! Show me!  Where has the Central Bank of Iraq or the IMF has ever made such a statement?   My response...! 

Two years ago the reserves were at $80 billion and what was the value of the IQD? Answer; 1166. 

Quote:  “the legislative track and other issues also have an impact on the exchange rate (so it appears Iraq does need some mandated laws...”

  My response...!  What?! What is a “mandated law”?  None of these statements made by this News Hound/Guru is in writing from the CBI. NONE.

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Post by Kevind53 Mon Sep 19, 2016 1:10 pm

How about this article, or is Reuters not good enough a source?

Jan 12 Iraq plans to finance its balance of payments deficit by drawing its foreign exchange reserves down to $43 billion in 2016 from $59 billion at the end of October, it said in an International Monetary Fund memo on Tuesday.

The deficit is expected to reach $14 billion in 2015 before narrowing to $11 billion in 2016, the government said as part of a Staff Monitoring Programme that the IMF has approved as a precondition for a loan.

Iraq estimated gross domestic product (GDP) would grow by 1.5 percent in 2015 and 10.6 percent in 2016 on increased oil production, while falling oil prices would create a budget deficit of 15 percent of GDP in 2015 and 10 percent in 2016. (Reporting by Stephen Kalin; Editing by Ruth Pitchford)
http://www.reuters.com/article/iraq-imf-idUSL8N14W4Z920160112

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